Stocks Fall on Global Trade War Fears; Democrats to Block GOP Plan to Avert Shutdown

Stocks Fall on Global Trade War Fears; Democrats to Block GOP Plan to Avert Shutdown

On today's podcast:

1) President Donald Trump said the US would respond to the European Union’s countermeasures against his new 25% tariffs on steel and aluminum, raising the risk of further escalation in his global trade war.

2) Senate Democratic leader Chuck Schumer said his party would block a Republican spending bill to avert a government shutdown on Saturday and urged the GOP to accept a Democratic plan to provide funding through April 11 instead.

3) The worst of the US equity correction may be over, with credit markets indicating a lower risk of recession, according to JPMorgan Chase & Co.

See omnystudio.com/listener for privacy information.

Episoder(1593)

Special Coverage: A Conversation with Secretary of State Marco Rubio

Special Coverage: A Conversation with Secretary of State Marco Rubio

Secretary of State Marco Rubio said Europe’s fate is intertwined with the US while faulting the continent for what he said was a drift away from their shared Western values. The double-edged message o...

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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

US to Narrow Metals Tariffs; DHS Shutdown Looms as Senate Fails to Cut Deal

US to Narrow Metals Tariffs; DHS Shutdown Looms as Senate Fails to Cut Deal

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Trump administration is working to narrow its broad tariffs on steel and aluminum products that companies find difficult...

13 Feb 15min

House Rejects Trump Tariffs; GOP Passes Voter ID Bill

House Rejects Trump Tariffs; GOP Passes Voter ID Bill

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legis...

12 Feb 15min

Guthrie Investigation Intensifies; Ten Dead in Canada School Shooting

Guthrie Investigation Intensifies; Ten Dead in Canada School Shooting

Today's top stories, with context, in just 15 minutes. On today's podcast:1) An individual who the authorities described as a person of interest has been taken into custody regarding the disappearance...

11 Feb 15min

Memory Chip Squeeze Widens Gap; Alphabet's Global Debt Binge

Memory Chip Squeeze Widens Gap; Alphabet's Global Debt Binge

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The relentless surge in memory chip prices over the past few months has driven a vast divide between winners and losers in t...

10 Feb 15min

Seahawks Win Super Bowl; China to Curb US Treasury Exposure

Seahawks Win Super Bowl; China to Curb US Treasury Exposure

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Seattle Seahawks won their second Super Bowl title on Sunday, beating the New England Patriots by a score of 29-to-13 at...

9 Feb 16min

Daybreak Weekend: US Eco, International Energy Week, Softbank Earnings

Daybreak Weekend: US Eco, International Energy Week, Softbank Earnings

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 S jobs and CPI data, along with a focus on 3 sto...

6 Feb 38min

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