Record Stock Surge, Cooling On Rate Cuts & Russia Buys Friends

Record Stock Surge, Cooling On Rate Cuts & Russia Buys Friends

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Nvidia’s surge to an all-time high is the biggest single-session increase in market value in history, besting Meta’s historic gain just three weeks ago.

(2) Former Treasury Secretary Larry Summers is warning that financial markets are underestimating the risks of political and social turmoil around the world.

(3) Three top Federal Reserve officials hammered home the message Thursday that the US central bank is still on track to cut interest rates this year — just not anytime soon.

(4) Russia is steadily expanding its influence across Africa with arms sales, Kremlin-sponsored beauty pageants and more recently -- free grain.

(5) House of Commons Speaker Lindsay Hoyle faced growing calls from Conservative and Scottish National Party politicians to resign over the chaotic scenes in Parliament

(6) For the first time since 1972, the US is back on the moon.

See omnystudio.com/listener for privacy information.

Episoder(1043)

Bloomberg Daybreak Weekend: Central Bank Decisions

Bloomberg Daybreak Weekend: Central Bank Decisions

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including news from the Fed, Bank of Japan and the Bank of England. Plus, the...

16 Sep 202334min

Auto Workers Strike, Airport Redesign & iPhone Radiation

Auto Workers Strike, Airport Redesign & iPhone Radiation

On today's podcast:(1) A union representing 150,000 US auto workers goes on strike, hitting three of country's biggest carmakers. (2) Shares in the UK based chip designer Arm have climbed 25% after th...

15 Sep 202316min

Goldman Fires Execs,  A $1.5 Trillion Behemoth & May Talks China

Goldman Fires Execs, A $1.5 Trillion Behemoth & May Talks China

On today's podcast:(1) Goldman Sachs has fired several transaction banking executives over compliance lapses. (2) Citigroup is preparing for a wave of job cuts as the bank's CEO, Jane Fraser, looks to...

14 Sep 202316min

UPDATE: British GDP Shrinks &  A UK iPhone Price Cut

UPDATE: British GDP Shrinks & A UK iPhone Price Cut

On Today's Podcast(1) The UK economy shrank at the fastest pace in seven months in July, reviving fears that a recession may be under way. (2) BP's CEO Bernard Looney has resigned over failing to full...

13 Sep 202312min

BP CEO Quits, Apple Upgrades & A Yemen Rift

BP CEO Quits, Apple Upgrades & A Yemen Rift

On today's podcast(1) BP's CEO Bernard Looney has resigned over failing to fully disclose past relationships with colleagues. (2) Apple has launched a range of upgraded iPhones and raised the price of...

13 Sep 202316min

UPDATE: UK Jobs Market Weakens, JPMorgan CEO Slams Regulators & Apple's iPhone Launch

UPDATE: UK Jobs Market Weakens, JPMorgan CEO Slams Regulators & Apple's iPhone Launch

On today's podcast:(1) The portion of people out of work and looking for a job in the UK rose to 4.3% in the three months through July. (2) JP Morgan CEO Jamie Dimon calls for more 'more humility' fro...

12 Sep 202315min

Jamie Dimon Slams Regulators, The EU's Tech Enforcer & Apple's Big Day

Jamie Dimon Slams Regulators, The EU's Tech Enforcer & Apple's Big Day

On today's podcast:(1) JP Morgan CEO Jamie Dimon calls for more 'more humility' from regulators as he criticises their capital plans. (2) Apple gears up for a high-stakes iPhone launch as fears of a C...

12 Sep 202313min

Xi 'Has His Hands Full', UK-China Spying & Far Right Strength In Europe

Xi 'Has His Hands Full', UK-China Spying & Far Right Strength In Europe

On today's podcast:(1) President Biden says China's economic challenges make a Taiwan invasion unlikely. (2) The UK's Prime Minister confronts the Chinese premier over a Parliamentary spying arrest. (...

11 Sep 202316min

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