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.

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Episoder(1601)

Bloomberg Daybreak Weekend: A Week of Bank Chaos

Bloomberg Daybreak Weekend: A Week of Bank Chaos

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11 Banks Pledge $30 Billion to Rescue First Republic Bank

11 Banks Pledge $30 Billion to Rescue First Republic Bank

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Jamie Dimon and Janet Yellen give a lifeline to First Republic 2) Credit Suisse opposes a combination with UBS 3) Cl...

17 Mar 202317min

Bank Turmoil Ramps Up And Credit Suisse Gets A Lifeline

Bank Turmoil Ramps Up And Credit Suisse Gets A Lifeline

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Credit Suisse surges after yesterday's massive selloff 2) First Republic Bank may put itself for sale 3) The turmoil...

16 Mar 202317min

The Push For Tougher Bank Regulation Is Underway

The Push For Tougher Bank Regulation Is Underway

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The Federal Reserve weighs tougher rules for smaller banks 2) TikTok considers splitting from ByteDance 3) Bank of A...

15 Mar 202317min

Latest Fallout From the SVB Collapse

Latest Fallout From the SVB Collapse

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Global financial stocks lose $465 billion following the collapse of Silicon Valley Bank 2) Treasury Yields come off ...

14 Mar 202317min

Silicon Valley Bank Crisis Reverberates Across Wall Street

Silicon Valley Bank Crisis Reverberates Across Wall Street

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The government backstops the financial system after the collapse of Silicon Valley Bank 2) President Biden says thos...

13 Mar 202317min

Bloomberg Daybreak Weekend: Eco Data, Budgets, Elections

Bloomberg Daybreak Weekend: Eco Data, Budgets, Elections

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 a look at upcoming economic data, The UK Chancellor’s budget propos...

11 Mar 202335min

Bank Stocks Extend Selloff As SVB Races to Prevent A Run

Bank Stocks Extend Selloff As SVB Races to Prevent A Run

Your morning briefing. The news you need in just 15 minutes.On today's podcast: (1) Silicon Valley Bank's cash crunch sends financial stocks across the globe into a tailspin. (2) The UK economy grew f...

10 Mar 202317min

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