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(1041)

UBS To Cut More Than Half of Credit Suisse's 45,000 Staff

UBS To Cut More Than Half of Credit Suisse's 45,000 Staff

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) UBS is planning to cut more than half of Credit Suisse's 45,000-strong workforce. (2) Investment banking re...

28 Jun 202316min

UPDATE: BOE Set to Tip UK Into Recession & Odey Suspends Two Funds

UPDATE: BOE Set to Tip UK Into Recession & Odey Suspends Two Funds

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Bloomberg Economics says higher rates will push UK into recession by the end of the year (2) Putin labels ...

27 Jun 202317min

Putin Talks Tough & Odey Suspends Flagship Fund

Putin Talks Tough & Odey Suspends Flagship Fund

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Putin labels Wagner mercenary commanders 'traitors' as Prigozhin denies coup attempt. (2) Central bankers h...

27 Jun 202317min

Putin Under Pressure & HSBC Moves London HQ

Putin Under Pressure & HSBC Moves London HQ

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Questions grow over the Russian leader's grip on power as an almost-coup is averted. (2) Sunak backs the Ba...

26 Jun 202317min

Bloomberg Daybreak Weekend: Stress Tests, PBOC, Sintra

Bloomberg Daybreak Weekend: Stress Tests, PBOC, Sintra

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 a look at big bank stress tests, a trip to Sintra, the Chinese econ...

24 Jun 202335min

UK Profit Margins And Pay Rises 'Unsustainable' & Titanic Sub Crew Killed In Catastrophic Implosion

UK Profit Margins And Pay Rises 'Unsustainable' & Titanic Sub Crew Killed In Catastrophic Implosion

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Andrew Bailey says profit margins need to fall and pay rises need to be curbed after the Bank of England h...

23 Jun 202316min

The BoE Gets Set For A 13th Hike & Time Running Out For Titanic Sub Rescue

The BoE Gets Set For A 13th Hike & Time Running Out For Titanic Sub Rescue

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Bank Of England gets set for a 13th consecutive rate rise. (2) The Fed's Powell indicates that two more...

22 Jun 202316min

UPDATE: Traders Price 6% Rates On Hot UK Inflation & Sounds Heard In Titanic Search.

UPDATE: Traders Price 6% Rates On Hot UK Inflation & Sounds Heard In Titanic Search.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK inflation came in hotter than expected in May, with traders now pricing in a peak of 6% in Bank of Engla...

21 Jun 202317min

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