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)

Nvidia Selloff Latest; Wikileaks’ Assange Plead Deal

Nvidia Selloff Latest; Wikileaks’ Assange Plead Deal

On today's podcast:  1) Nvidia’s 13% Stock Rout Has Traders Scouring Charts for Support 2) Wikileaks’ Assange to Plead Guilty, Ending US Legal Battle 3) Bowman, Boebert, Maloy Fight For Renomination S...

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Investors Await Inflation Data; Biden-Trump Debate Preview

Investors Await Inflation Data; Biden-Trump Debate Preview

On today's podcast: 1) Stocks Fluctuate as Traders Await Inflation Cues 2) Trump-Biden Race’s Biggest Crapshoot 3) US Prosecutors Recommend DOJ Criminally Charge Boeing: Reuters See omnystudio.com/lis...

24 Jun 202417min

Daybreak Weekend: US Eco Preview, Iran Election, US-China Relations

Daybreak Weekend: US Eco Preview, Iran Election, US-China Relations

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 look ahead to U.S GDP, PCE data. In the UK – a look ahead to Iran’s P...

22 Jun 202438min

Investors Brace for Triple-Witching; Trump Beats Biden in Fundraising

Investors Brace for Triple-Witching; Trump Beats Biden in Fundraising

On today's podcast: 1) Wall Street’s $5.5 Trillion Triple-Witching to Test Market 2) Trump Outraises Biden in May 3) Citigroup’s Living Will Plan Is Found to Be Deficient by FDIC See omnystudio.com/li...

21 Jun 202416min

European Policy Decisions; Bank Jobs Hit by AI

European Policy Decisions; Bank Jobs Hit by AI

On today's podcast: 1) BOE Decision on Tap and SNB Cuts Rate Again 2) Half of All Banking Jobs May Be Replaced by AI, Citigroup Says 3) China Has No Favorite in Biden-Trump Race See omnystudio.com/lis...

20 Jun 202417min

Daybreak Holiday: Oil, Retail, Antitrust

Daybreak Holiday: Oil, Retail, Antitrust

In this Juneteenth Holiday Edition of Bloomberg Daybreak: Stephen Schork, founder of the Schork Group, talks about how a heatwave impacts the price of oil. Burt Flickinger, Strategic Resource Group m...

19 Jun 202438min

Stocks at Record Highs; Tik Tok's Plan to Void Ban

Stocks at Record Highs; Tik Tok's Plan to Void Ban

On today's podcast: 1) European Stocks Rise After US and Asia Tech Rally 2) Biden to Offer Legal Status to Undocumented Spouses of Citizens 3) TikTok’s Bid to Void Ban Tests Secrecy of Lawmakers’ Brie...

18 Jun 202417min

Traders Follow Political Uncertainty; Americans Lament Trump-Biden Rematch

Traders Follow Political Uncertainty; Americans Lament Trump-Biden Rematch

On today's podcast: 1) Markets Remain on Edge Amid Political Turmoil in Europe 2) Double Hater Voters Express Dismay Over The 2024 Election 3) The Eastern Part of the US Readies for its First Potent H...

17 Jun 202417min

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