Judge Blocks Trump Bid to Fire Cook; President Trump Sues NY Times

Judge Blocks Trump Bid to Fire Cook; President Trump Sues NY Times

On today's podcast:
1) An appeals court blocked the White House from removing Federal Reserve Governor Lisa Cook from her post for now, allowing her to continue working while her lawsuit challenging President Trump’s move to dismiss her proceeds. The court's 2-1 ruling came just hours before the start of the Fed's meeting to vote on interest rates, and President Donald Trump could still ask the Supreme Court to step in.
2) President Trump is bringing a $15 billion defamation and libel lawsuit against The New York Times, according to a post on Truth Social. The suit is being brought in Florida, Trump says. The president accuses the publication of becoming a “mouthpiece” for the Democratic Party, citing its endorsement of former presidential candidate Kamala Harris among other concerns.
3) The Securities and Exchange Commission is "prioritizing" a proposal to reduce the frequency of corporate earnings reports after President Trump called for an end to quarterly reports. Trump said companies should report on a "Six (6) Month Basis" instead of quarterly, which he claims will save money and allow managers to focus on running their companies. Critics argue that shifting away from quarterly reporting could be a "gigantic step backward" and increase uncertainty and volatility on earnings results.

See omnystudio.com/listener for privacy information.

Episoder(1608)

Wall Street Awaits Inflation Data; Nike Sinks on Forecast

Wall Street Awaits Inflation Data; Nike Sinks on Forecast

On today's podcast:1) Stocks, US Futures Decline Before Inflation Gauge2) Nike Sinks on Forecast3) U.S. May Lift Ban on Sales of Offensive Weapons to Saudi Arabia See omnystudio.com/listener for priva...

22 Des 202316min

US Mulling China Tariffs; Apple Smartwatch Deadline

US Mulling China Tariffs; Apple Smartwatch Deadline

On today's podcast:1) US Mulling Hiking Tariffs on China EVs, Solar Products: WSJ2) White House Says It’s Tracking Apple Watch Case With Ban Looming3) Warner Bros. Is in Talks to Merge With Paramount ...

21 Des 202317min

Trump Barred in Colorado; Cease-Fire Speculation Grows

Trump Barred in Colorado; Cease-Fire Speculation Grows

On today's podcast:    1) Trump Barred From Colorado Ballot in Unprecedented Ruling:     - Colorado’s highest court found that Donald Trump is ineligible to serve as US president because of his action...

20 Des 202316min

Tensions Rise in Red Sea; Apple Races to Fix SmartWatch

Tensions Rise in Red Sea; Apple Races to Fix SmartWatch

On today's podcast:1) US Announces New Task Force to Counter Houthi Red Sea Threat2) Apple Races to Tweak Software Ahead of Looming US Watch Ban3) BOJ Keeps Traders Guessing on Negative Rate as Yen Ra...

19 Des 202317min

Israel Pushes Back On Cease-Fire; Succeeding Jamie Dimon

Israel Pushes Back On Cease-Fire; Succeeding Jamie Dimon

On today's podcast: 1) Israel Pushes Back On Increasing European Calls for Cease-Fire     Israel’s foreign minister said any call for a cease-fire with Hamas is a “prize for terrorism,” after France, ...

18 Des 202316min

Daybreak Weekend: Holiday Shopping, BOJ Decision, Bitcoin ETFs

Daybreak Weekend: Holiday Shopping, BOJ Decision, Bitcoin ETFs

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) In the US - US retail sales unexpectedly picked up in November as lower gasoline ...

16 Des 202334min

Markets Rally on Pivot Hopes; Yellen Plans Another China Visit

Markets Rally on Pivot Hopes; Yellen Plans Another China Visit

On today's podcast: 1) Equities held gains after the Federal Reserve validated bets that it will soon move to easier policy and pushed stock market gauges toward all-time highs. 2) Treasury Secretary ...

15 Des 202317min

Biden's Polling Dilemma; The Powell Pivot

Biden's Polling Dilemma; The Powell Pivot

On today's podcast: 1) President Joe Biden’s unprecedented actions to erase student-loan debt have fallen flat with the young voters in swing states he needs to win reelection, according to the latest...

14 Des 202317min

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