UPDATE:  A Mining Mega Takeover,  Barclays, BNP Paribas, Deutsche Bank Post Earnings, & Meta Shares Drop 19%

UPDATE: A Mining Mega Takeover, Barclays, BNP Paribas, Deutsche Bank Post Earnings, & Meta Shares Drop 19%

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

On today's podcast:

(1) BHP Group proposed a takeover of Anglo American that values the smaller miner at £31.1 billion ($38.8 billion), in a deal that would catapult the combined company’s copper production far beyond its rivals while sparking the biggest shakeup in the industry in over a decade.

(2) Deutsche Bank's trading revenue rose 7% in the first quarter, more than analysts had expected and better than most of the biggest US investment banks

(3) Barclays posted first-quarter revenue that topped analyst estimates after its stock traders collected a surprise windfall from tumultuous global markets.

(4) BNP Paribas fixed-income traders trailed all of the large Wall Street banks in the first quarter, taking the shine off a strong performance in other parts of the investment bank.

(5) President Joe Biden signed a $95 billion national security package into law and said assistance to Ukraine would begin to move within "hours," capping off a bruising fight with Republicans over long-delayed assistance for Kyiv and other besieged US allies.

(6) Shares in Meta have dropped by as much as 19% in after-hours trading, after the social media giant said it plans to spend billions of dollars more than expected this year.

See omnystudio.com/listener for privacy information.

Episoder(1067)

Fed's Hawkish Turn, Meta Resists Age Limits, Denmark's Diet Economy

Fed's Hawkish Turn, Meta Resists Age Limits, Denmark's Diet Economy

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Federal Reserve officials appeared surprisingly wary of cutting interest rates when they met last month, with sever...

19 Feb 17min

US-Iran Move Toward Deal, Anthropic’s Next AI Leap, Ethiopia’s EV Revolution

US-Iran Move Toward Deal, Anthropic’s Next AI Leap, Ethiopia’s EV Revolution

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) The US and Iran made progress in nuclear talks in Geneva on Tuesday, with Tehran’s negotiators scheduled to return ...

18 Feb 19min

UPDATE: UK Jobless Rate Hits 5-Year High, Social Media Backlash

UPDATE: UK Jobless Rate Hits 5-Year High, Social Media Backlash

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) UK unemployment reached its highest since the pandemic and wage growth eased as the labor market continued to weak...

17 Feb 17min

Crunch Iran Nuclear Talks, Secret Drone Swarm Race, Europe’s Ukraine Push

Crunch Iran Nuclear Talks, Secret Drone Swarm Race, Europe’s Ukraine Push

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Iranian Foreign Minister Abbas Araghchi held talks with the head of the UN’s atomic watchdog in Geneva on Monday, a...

17 Feb 15min

Rubio: Europe Must Fight, UK Calls Time On Brexit, Sweden Warms To Euro

Rubio: Europe Must Fight, UK Calls Time On Brexit, Sweden Warms To Euro

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Secretary of State Marco Rubio said Europe’s fate is intertwined with the US while faulting the continent for what ...

16 Feb 16min

Daybreak Weekend: Homebuilders Preview, UK Jobs, Lunar New Year

Daybreak Weekend: Homebuilders Preview, UK Jobs, Lunar New Year

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to what to expect from homebuilders in the months a...

13 Feb 38min

AI Fear Trade Drives Rout, Sex Tape Blackmail Claim, How War Changed Europe 

AI Fear Trade Drives Rout, Sex Tape Blackmail Claim, How War Changed Europe 

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) ogistics stocks plunged on Thursday as the group became the latest victim of the artificial intelligence “scare tra...

13 Feb 21min

UPDATE: 0.1% UK Growth, Nuveen Buying Schroders, Epstein Files Global Fallout

UPDATE: 0.1% UK Growth, Nuveen Buying Schroders, Epstein Files Global Fallout

Your morning briefing. All the news you need to start your dayOn today's podcast:(1) Democratic lawmakers accused Attorney General Pam Bondi of using the US Justice Department to target enemies of Pre...

12 Feb 16min

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