Waller Calls for Multiple Rate Cuts; Kennedy Deputy Named CDC Head

Waller Calls for Multiple Rate Cuts; Kennedy Deputy Named CDC Head

On today's podcast:
1) A leading candidate to replace Jay Powell as Fed Chair sees a quarter point rate cut in September. Federal Reserve Governor Christopher Waller called for lower interest rates, saying he would support a reduction in September. Waller anticipates additional cuts over the next three to six months, with the pace driven by incoming data. Waller said the chances of an undesirable weakening in the labor market have increased, and proper risk management means the FOMC should be cutting the policy rate now.
2) President Trump's bid to fire Fed Governor Lisa Cook is headed for a showdown in court. Federal Housing Finance Agency Director Bill Pulte sent a new criminal referral against Federal Reserve Governor Lisa Cook over allegations of mortgage fraud. Cook is seeking to block President Trump's move to fire her, filing a lawsuit that labels the president's bid to oust her as “illegal” and casting it as a bid to seize control of the Fed.
3) Robert F. Kennedy Jr. names his top deputy to replace the fired head of the CDC. The Trump administration is tapping Jim O'Neill as the acting director of the Centers for Disease Control and Prevention. The move follows the firing of Susan Monarez, who was ousted after a confrontation with Health and Human Services Secretary Robert F. Kennedy Jr. over vaccine policy. Kennedy said in a message to CDC staff that he and President Trump are aligned on a vision for the CDC to strengthen the public health infrastructure by returning to its core mission.

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Episoder(1668)

US & Iran Weigh Truce Extension; Stocks Extend Record Highs

US & Iran Weigh Truce Extension; Stocks Extend Record Highs

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Trump Teases End to Iran War; 'Historic' Israel-Lebanon Talks

Trump Teases End to Iran War; 'Historic' Israel-Lebanon Talks

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump indicated he may be preparing to wind down the war with Iran, boosting market optimism and restoring some st...

15 Apr 14min

US & Iran Weigh More Talks; China Says World Order ‘Crumbling’

US & Iran Weigh More Talks; China Says World Order ‘Crumbling’

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US and Iran are weighing further negotiations to extend a two-week ceasefire as President Trump presses ahead with a nav...

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Trump Orders Hormuz Blockade; Hungary Rejects Orban in Seismic Vote

Trump Orders Hormuz Blockade; Hungary Rejects Orban in Seismic Vote

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump said the US will begin a full naval blockade of the strategic Strait of Hormuz and threatened to retaliate i...

13 Apr 16min

Daybreak Weekend: Neflix Earnings, Hungary Election, Spain Prime Minister Visits China

Daybreak Weekend: Neflix Earnings, Hungary Election, Spain Prime Minister Visits China

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 earnings from Netflix and a focus on three bank ...

10 Apr 37min

Trump Demands Hormuz Reopening; Israel Agrees to Lebanon Talks

Trump Demands Hormuz Reopening; Israel Agrees to Lebanon Talks

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump demanded Iran reopen the Strait of Hormuz, raising pressure on Tehran before talks to turn a fragile ceasefi...

10 Apr 14min

Iran Says Ceasefire Violated, Trump Lashes Out at NATO

Iran Says Ceasefire Violated, Trump Lashes Out at NATO

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump vowed to keep US troops in the Persian Gulf ahead of talks with Iran that are planned to firm up a fragile t...

9 Apr 15min

US & Iran Two-Week Ceasefire; Oil and Gas Prices Plunge

US & Iran Two-Week Ceasefire; Oil and Gas Prices Plunge

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz, a last-ditch deal that...

8 Apr 20min

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