Tesla Underwhelms Once Again, Harris' First Rally & Starmer Suspends MPs

Tesla Underwhelms Once Again, Harris' First Rally & Starmer Suspends MPs

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

On today's podcast:

(1) Tesla reported its fourth straight quarter of disappointing profits on Tuesday, and Chief Executive Officer Elon Musk made clear that better days are still a ways off.

(2) Google parent Alphabet reported second-quarter revenue that exceeded analysts’ expectations, boosted by demand for cloud-computing services and advertising on its search engine.

(3) LVMH sales growth slowed last quarter as wealthy shoppers reined in spending on pricey Louis Vuitton handbags and Christian Dior couture.

(4) Vice President Kamala Harris assailed Republican Donald Trump in her first rally since launching her bid for the White House, characterizing their contest as a choice between two starkly divergent agendas for the US economy.

(5) The UK’s new prime minister Keir Starmer has suspended the party whip from seven of his own MPs after they backed a rebel amendment to scrap Britain’s two-child cap on welfare payments, the first rebellion he’s faced in the House of Commons since winning power.

See omnystudio.com/listener for privacy information.

Episoder(1043)

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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