US Treasury Yield Curve Disinverts, JP Morgan Sours on China, & Burberry's New CEO Inherits Old Baggage

US Treasury Yield Curve Disinverts, JP Morgan Sours on China, & Burberry's New CEO Inherits Old Baggage

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

On today's podcast:

(1) A key segment of the US Treasury yield curve briefly turned positive as weaker-than-anticipated labor-market data bolstered bets on steep interest-rate cuts by the Federal Reserve.

(2) Vice President Kamala Harris called for a 28% capital gains tax rate on people earning $1 million or more, touting it as a measure that would ensure the wealthy paid their fair share as she sought to detail her economic agenda and draw a contrast with Republican rival Donald Trump.

(3) Oil steadied near the lowest close since June 2023 as an industry report pointed to a big draw in US crude stockpiles, with the market taking a breather following a sharp selloff this week.

(4) Nvidia, responding to a Bloomberg News report about the US Department of Justice sending out subpoenas as part of an antitrust probe, said it has been in contact with the government agency but hasn’t been subpoenaed.

(5) Four people were killed and nine others injured after a teen gunman opened fire at a high school in Winder, Georgia, an old railroad town northeast of Atlanta.

See omnystudio.com/listener for privacy information.

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Episoder(1192)

Daybreak Weekend: US CPI, Europe Energy, RBA Decision

Daybreak Weekend: US CPI, Europe Energy, RBA Decision

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 U.S CPI and PPI data, along with a focus on 3 st...

7 Aug 39min

Europe Faces Gas Crunch, OpenAI’s Doughnut Device, Golfers Vs Sand Dunes

Europe Faces Gas Crunch, OpenAI’s Doughnut Device, Golfers Vs Sand Dunes

Your morning briefing. All the news you need to start your day.On today's podcast:(1) European natural gas jumped as traders awaited the US response to an Iran-Oman agreement on the Strait of Hormuz, ...

7 Aug 17min

Hackers Hit Hedge Funds, Explosive Drone Found, Russia’s War Economy Pain

Hackers Hit Hedge Funds, Explosive Drone Found, Russia’s War Economy Pain

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information system...

6 Aug 18min

SpaceX Spooks Investors, Secret Ukraine War Talks, Nuclear Reactors Run Dry

SpaceX Spooks Investors, Secret Ukraine War Talks, Nuclear Reactors Run Dry

Your morning briefing. All the news you need to start your day.On today's podcast:(1) SpaceX’s stock fell after it disclosed higher-than-expected spending on its artificial intelligence business, over...

5 Aug 17min

HSBC's $1 Billion Reward, Darkness Falls Across Asia, Big AI Bets Divide Funds

HSBC's $1 Billion Reward, Darkness Falls Across Asia, Big AI Bets Divide Funds

Your morning briefing. All the news you need to start your day.On today's podcast:(1) HSBC announced a fresh stock buyback and raised its cost-cutting target as it reported second-quarter earnings tha...

4 Aug 21min

Trump Zigzags On Iran, Europe’s Migrant Fears, Burnham’s Devolution Bet

Trump Zigzags On Iran, Europe’s Migrant Fears, Burnham’s Devolution Bet

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump said new Iran talks would begin Monday afternoon after he called off a planned attack on Ir...

3 Aug 16min

Daybreak Weekend: US Jobs, European Earnings, Vietnam Eco

Daybreak Weekend: US Jobs, European Earnings, Vietnam Eco

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 the July jobs report in the U.S with a focus on ...

31 Jul 37min

24h Hedge Fund Fire-Sale, UEFA Vs FIFA, Europe’s Unstoppable Wildfires

24h Hedge Fund Fire-Sale, UEFA Vs FIFA, Europe’s Unstoppable Wildfires

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Leopold Aschenbrenner's hedge fund, Situational Awareness, was forced to sell billions of dollars of technology in...

31 Jul 19min

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