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(1602)

Global Market Selloff Intensifies; Buffett Trims Apple Stake

Global Market Selloff Intensifies; Buffett Trims Apple Stake

On today's podcast: 1) Nasdaq Futures Sink as Global Stock Rout Deepens 2) Treasuries Surge as Traders Bet on Emergency Fed Rate Cut 3) Berkshire Cuts Apple Stake by Almost Half in Selling Spree See o...

5 Aug 202416min

Daybreak Weekend: Disney Earnings, Reeves to US, China Trade

Daybreak Weekend: Disney Earnings, Reeves to US, China Trade

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of quarterly earnings from Walt Disney. Also a look at earnin...

3 Aug 202440min

Big Tech Earnings Disappoint; US Jobs Report Preview

Big Tech Earnings Disappoint; US Jobs Report Preview

On today's podcast: 1) The Stock Selloff Around the World Intensifies Following Tech Earnings 2) Investors Await Key July Jobs Report 3) Three Americans Back on US Soil After Prisoner Exchange with Ru...

2 Aug 202417min

Instant Reaction: Apple Earnings

Instant Reaction: Apple Earnings

Bloomberg's Carol Massar and Tim Stenovec report on Apple earnings for the third quarterSee omnystudio.com/listener for privacy information.

1 Aug 202416min

Instant Reaction: Intel and Amazon Earnings

Instant Reaction: Intel and Amazon Earnings

Bloomberg's Carol Massar and Tim Stenovec report on Intel and Amazon.com earnings for the second quarter.See omnystudio.com/listener for privacy information.

1 Aug 20249min

Hamas Leader Killed; Meta Rallies on Earnings

Hamas Leader Killed; Meta Rallies on Earnings

On today's podcast: 1) Israel Says It’s Confirmed Hamas Number Two Deif Was Killed 2) Meta’s Upbeat Earnings Buy Time for AI, Metaverse Bet to Pay Off 3) Fed On Course for September Rate Cut as Risks ...

1 Aug 202417min

Instant Reaction: Meta Reports Earnings

Instant Reaction: Meta Reports Earnings

Bloomberg's Carol Massar and Tim Stenovec cover the latest earnings from Meta, the parent company of Facebook. They speak with Bloomberg News Contributor Jon Erlichman and Bloomberg News Social Media ...

31 Jul 20249min

Instant Reaction: Jay Powell Talks Fed Policy

Instant Reaction: Jay Powell Talks Fed Policy

Bloomberg's Tom Keene, Lisa Abramowicz and Jonathan Ferro cover the latest remarks from Federal Reserve Chair Jay Powell, following the central bank's latest policy decision.See omnystudio.com/listene...

31 Jul 202428min

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