Starmer’s Costly U-Turn, Astra's UK Listing Risk, Trump Bill Rebellion Brews

Starmer’s Costly U-Turn, Astra's UK Listing Risk, Trump Bill Rebellion Brews

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

On today's podcast:

(1) Keir Starmer dramatically abandoned his flagship welfare reforms to avoid a historic defeat, leaving the UK prime minister’s authority badly damaged and his government facing a widening fiscal hole to fill.

(2) The Trump administration is halting the transfer of artillery rounds and air defenses to Ukraine, depriving the country of much-needed weapons as it endures stepped-up missile and drone attacks from Russia.

(3) President Donald Trump said Israel has agreed to the conditions needed for a 60-day ceasefire in Gaza, adding that the plan would now be presented to Hamas.

(4) AstraZeneca's Chief Executive Officer Pascal Soriot wants to move the drugmaker’s stock listing to the US, the Times reported, in what would be another sign of the UK’s waning status as a magnet for global capital.

(5) Bank of England Governor Andrew Bailey said high interest rates are having less of an impact on inflation because of Britain’s low levels of debt among both businesses and consumers.

(6) Banco Santander agreed to buy Banco Sabadell SA’s UK unit for £2.65 billion ($3.64 billion), a deal that will make it the UK’s third-largest lender by some measures.

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Episoder(1039)

Blinken In China & 'Massive Downsizing' At Credit Suisse

Blinken In China & 'Massive Downsizing' At Credit Suisse

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Bloomberg Daybreak Weekend: Fed, BOE, Modi and Biden

Bloomberg Daybreak Weekend: Fed, BOE, Modi and Biden

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including Fed Chair Jay Powell heads to Capitol Hill, plus, key hearings comi...

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An Interview With The UK's Deputy PM & Deutsche Bank Trading Revenue Drops

An Interview With The UK's Deputy PM & Deutsche Bank Trading Revenue Drops

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The UK's Deputy Prime Minister tells us the government won't be distracted by Johnson. (2) The European Ce...

16 Jun 202317min

Fed Pauses, PBOC Cuts, ECB To Hike, Plus Another London IPO Scrapped

Fed Pauses, PBOC Cuts, ECB To Hike, Plus Another London IPO Scrapped

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's central bank ramps up rate cuts as the economy weakens. (2) Jerome Powell says there is near consen...

15 Jun 202316min

UPDATE: UK GDP Goes Back To The Future & Bailey Warns Of Labor Hoarding

UPDATE: UK GDP Goes Back To The Future & Bailey Warns Of Labor Hoarding

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK GDP finally exceeds pre pandemic levels for the first time (2) The BOE Governor laments slowly cooling i...

14 Jun 202316min

The Fed Prepares For A Pause & Bailey Warns Of Labor Hoarding

The Fed Prepares For A Pause & Bailey Warns Of Labor Hoarding

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Fed prepares for a pause, but have rates also peaked. (2) The Bank of England Governor laments slowly c...

14 Jun 202317min

UPDATE: Wages Surge As Unemployment Drops & The CEO of SVB UK

UPDATE: Wages Surge As Unemployment Drops & The CEO of SVB UK

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Unemployment unexpectedly drops as wages surge, creating another headache for the BOE. (2) Silicon Valley B...

13 Jun 202316min

Barclays CEO on Top Bankers Exodus & ARM Looks To Get A Leg Up

Barclays CEO on Top Bankers Exodus & ARM Looks To Get A Leg Up

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The boss of Barclays tells us an exodus of top bankers was driven by a decision to refocus the business. (...

13 Jun 202316min

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