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(1602)

Democrats Shift Focus from Biden to Trump; Day 2 of Powell Testimony

Democrats Shift Focus from Biden to Trump; Day 2 of Powell Testimony

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New Questions about Biden's Health; Trump Soon to Pick VP

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Daybreak Weekend: Archegos, UK Election, China Eco Data

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 – it's the start of earnings season and the Archegos trial goes to jury I...

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5 Jul 202417min

Holiday Special: Tech Trends with Ives and Munster

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Bloomberg’s Nathan Hager looks at the biggest tech stories from 2024 and what we can expect for the rest of the year. He speaks with Gene Munster of Deepwater Asset Management and Dan Ives from Wedbus...

3 Jul 202438min

Stocks at All-Time Highs; Biden's Mental Fitness Questions Remain

Stocks at All-Time Highs; Biden's Mental Fitness Questions Remain

On today's podcast: 1) European Stocks Rise, Buoyed by Record for S&P 500: 2) Biden Blames Travel for Poor Debate as He Looks to Calm a Revolt 3) Trump New York Sentencing Put Off to Sept. 18 Over Imm...

3 Jul 202417min

Presidential Immunity Ruling Reaction; Dems May Nominate Biden Early

Presidential Immunity Ruling Reaction; Dems May Nominate Biden Early

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2 Jul 202417min

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