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(1601)

UK Avoids Recession and Tech Layoffs Continue

UK Avoids Recession and Tech Layoffs Continue

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) The UK narrowly avoids a recession2) Shares of Lyft shares plunge 3) Yahoo slashes jobsSee omnystudio.com/listener fo...

10 Feb 202317min

Disney Surges and Credit Suisse Tumbles

Disney Surges and Credit Suisse Tumbles

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Disney shares surge on earnings and job cuts2) Credit Suisse shares tumble as investors pull cash3) Fed Officials co...

9 Feb 202317min

BONUS EPISODE: Jay Powell Speaks with David Rubenstein

BONUS EPISODE: Jay Powell Speaks with David Rubenstein

In this bonus episode, Federal Reserve Chair Jay Powell speaks with David Rubenstein, in a conversation at the Economic Club of Washington on February 7, 2023.See omnystudio.com/listener for privacy i...

8 Feb 202338min

Jeers for Biden and Banker Bonus Woes

Jeers for Biden and Banker Bonus Woes

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) President Biden touts economic progress 2) Jay Powell doubles down on more rate hikes 3) Credit Suisse will pay bonus...

8 Feb 202317min

All Eyes on Jay Powell and Joe Biden

All Eyes on Jay Powell and Joe Biden

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Jay Powell reacts to Friday's jobs report2) Big oil produces more big earnings3) President Biden targets tax increase...

7 Feb 202318min

China Balloon Takes Air Out of Stocks

China Balloon Takes Air Out of Stocks

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Repercussions from China's suspected spy balloon 2) The IMF issues a warning on US debt 3) More job cuts in the tech...

6 Feb 202317min

Apple, Amazon Fall and Zuckerberg's Big Day

Apple, Amazon Fall and Zuckerberg's Big Day

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Apple, Amazon and Alphabet fall short 2) A $12 billion day for Mark Zuckerberg 3) A big promise from a prominent tec...

3 Feb 202317min

Fed-Fueled Rally Continues and Meta Shares Surge

Fed-Fueled Rally Continues and Meta Shares Surge

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.s...

2 Feb 202317min

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