Trump Targets Powell, Traders Dump US Assets, $2 Trillion Tariff Hit

Trump Targets Powell, Traders Dump US Assets, $2 Trillion Tariff Hit

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

On today's podcast:

(1) President Donald Trump warned the US economy may slow if the Federal Reserve does not move to immediately reduce interest rates, in his latest broadside against Fed Chair Jerome Powell.

(2) Stocks and bonds fluctuated, and a gauge of the dollar headed for a fourth day of losses as little progress in tariff negotiations and growth concerns about the US prompted investors to pare bets in a volatile market.

(3) Bloomberg Economics estimates President Trump's "liberation day" tariffs will shave about $2 trillion off global output by the end of 2027, relative to a scenario where border taxes had stayed unchanged. Policy uncertainty (it's still not clear where tariffs will settle) and modelling uncertainty (the shocks have no precedent in the post World War II data) mean the error band around that forecast is wide.

(4) The US set new duties as high as 3,521% on solar imports from four Southeast Asian countries, delivering a win for domestic manufacturers while intensifying headwinds already threatening the country’s renewable power development.

(5) The College of Cardinals will meet in Conclave in about two weeks to elect Francis' successor, with about 135 cardinals having the vote. The election could threaten Francis' legacy as a reforming pope, as the church could swing away from his positions on issues such as LGBTQ rights.

(6) Podcast conversation : Building a Better Manosphere

See omnystudio.com/listener for privacy information.

Episoder(1066)

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Daybreak Weekend: US CPI, Paris Nuclear Talks, Vietnam Elections

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Iran Attacks Sweep Gulf, US OK’s Russia-India Oil, Dubai Braces For Fallout

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Chaotic War Endgame Fear, Iran Drone-Missile Math, China Lowers Growth Target

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Iran War Missile Waves, Oil Escort ‘Sitting Ducks’, US-Europe Ties Splinter

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US-Israeli war against Iran shows no signs of easing this morning as more countries face being drawn into the ...

4 Mar 19min

Exclusive: Rachel Reeves on Iran Shock, US Trade & Inflation Risks

Exclusive: Rachel Reeves on Iran Shock, US Trade & Inflation Risks

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3 Mar 25min

Iran War Without Timeline, Energy Shock Inflation Threat, Airlines Stranded by War

Iran War Without Timeline, Energy Shock Inflation Threat, Airlines Stranded by War

Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US sent conflicting messages about how long a war with Iran might last as Israel launched new airstrikes on Mo...

3 Mar 21min

Trump Expands Iran War, Conflict Drives Oil Spike, Dubai’s Worst Nightmare

Trump Expands Iran War, Conflict Drives Oil Spike, Dubai’s Worst Nightmare

Your morning briefing. All the news you need to start your day.On today's podcast:(1) President Donald Trump said the bombing campaign against Iran will continue until its objectives are achieved, cal...

2 Mar 22min

Daybreak Weekend: US Jobs, Made in Europe, China PMI Data

Daybreak Weekend: US Jobs, Made in Europe, China PMI Data

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 February jobs report, along with a focus on ...

27 Feb 39min

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