Wall Street Says Paris Je T'aime & Apple Scraps Its Electric Car

Wall Street Says Paris Je T'aime & Apple Scraps Its Electric Car

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Wall Street's biggest banks have seen staffing levels surge in Paris despite the fact that many of those firm's top bosses feel constrained by the country's strict labor laws.

(2) Apple is cancelling a decade long effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company.

(3) Central bankers around the world have traditionally been scrupulous about insisting on their independence from politics. But the rise of anti-democratic groups and populists around the world has spurred European policymakers to step into the fray.

(4) The Bank of England may sell all the UK government bonds bought under quantitative easing to better prepare for a future crisis, a move that would put it at odds with the US Federal Reserve.

(5) Deutsche Bank's decision to force workers into the office more frequently has met with fierce internal criticism, demonstrating the challenges in reversing a policy introduced during the Covid pandemic.

See omnystudio.com/listener for privacy information.

Episoder(1046)

China Property Crunch & Goldman's Hiring Spree

China Property Crunch & Goldman's Hiring Spree

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's state-owned developers warn of major losses as fears of contagion grow. (2) Bank of America strateg...

18 Aug 202316min

Fed Divisions & £5m Homes On Discount

Fed Divisions & £5m Homes On Discount

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Fed officials suggest inflationary risks may drive further interest rate hikes. (2) China's housing slump i...

17 Aug 202316min

UPDATE: UK Inflation Runs Hot & Muslims Lives Ruined By Debanking

UPDATE: UK Inflation Runs Hot & Muslims Lives Ruined By Debanking

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Higher than expected UK inflation has traders once again betting the Bank of England will hike rates to 6%....

16 Aug 202323min

Shadow Banking Crunch & Soros Foundation Shifts Focus

Shadow Banking Crunch & Soros Foundation Shifts Focus

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Chinese shadow bank Zhongrong has now missed payments on dozens of products and says it has no immediate pl...

16 Aug 202316min

UPDATE: UK Wages Surge & Trump Indicted For A Fourth Time

UPDATE: UK Wages Surge & Trump Indicted For A Fourth Time

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Record UK wage growth drives Bank of England rate bets to around 6%. (2) China's central bank cuts rates as...

15 Aug 202313min

China Cuts Rates & Trump Indicted For 4th Time

China Cuts Rates & Trump Indicted For 4th Time

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's central bank cuts rates as the country's economic headwinds multiply. (2) US Treasury Secretary Jan...

15 Aug 202316min

China Shadow Banking Woes & Musk Vs Zuckerberg Fight Latest

China Shadow Banking Woes & Musk Vs Zuckerberg Fight Latest

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China growth concerns multiply over strains in sectors from property to shadow banking and hedge funds. (2)...

14 Aug 202316min

Bloomberg Daybreak Weekend: Retail, Inflation, Indictments (Podcast)

Bloomberg Daybreak Weekend: Retail, Inflation, Indictments (Podcast)

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 the retail companies reporting earnings. Plus, inflation ...

12 Aug 202335min

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