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(1607)

Middle East Tensions Escalate; Government Shutdown Averted

Middle East Tensions Escalate; Government Shutdown Averted

On today's podcast: 1) Houthis Fire Missiles at Another US-Owned Ship in the Red Sea 2) Congress Approves Funding to Avert US Government Shutdown 3) Apple to Get First Taste of Shopper Demand for $3,4...

19 Jan 202422min

Oil Gains as Middle East Tensions Rise; Apple Watch Update

Oil Gains as Middle East Tensions Rise; Apple Watch Update

On today's podcast: 1) The US launched more strikes on Yemen’s Houthis overnight as the Iran-backed militant group continues to roil global shipping markets with attacks around the Red Sea. 2) Oil nud...

18 Jan 202416min

Progress Made to Avoid Government Shutdown; Lagarde Talks ECB Rate Cuts

Progress Made to Avoid Government Shutdown; Lagarde Talks ECB Rate Cuts

On today's podcast: 1) Treasury Secretary Janet Yellen called on lawmakers to pass a temporary spending bill this week and avert a partial US government shutdown. 2) The European Central Bank is likel...

17 Jan 202423min

Trump Dominates Iowa; Highlights of Davos

Trump Dominates Iowa; Highlights of Davos

On today's podcast: 1) Donald Trump tightened his grip on the Republican presidential nomination after Iowa voters delivered him a victory in Monday’s caucuses and moved him one step closer to returni...

16 Jan 202422min

Daybreak Holiday Special: Oil Outlook, Mester Speaks, Bank Earnings

Daybreak Holiday Special: Oil Outlook, Mester Speaks, Bank Earnings

In this MLK Day Special edition of Daybreak, we look at the global outlook for oil after the airstrikes in Yemen. Plus, Cleveland Fed President Loretta Mester says March is probably too early for a ra...

15 Jan 202435min

Daybreak Weekend: Davos Preview, Oil Volatility, Mester Speaks, Iowa Caucuses

Daybreak Weekend: Davos Preview, Oil Volatility, Mester Speaks, Iowa Caucuses

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 - we preview the week's upcoming economic data, including retail sales.  I...

13 Jan 202434min

US and UK Strike Yemen’s Houthis; Wall Street Awaits Bank Earnings

US and UK Strike Yemen’s Houthis; Wall Street Awaits Bank Earnings

On today's podcast: 1) President Joe Biden faces the biggest test yet of his ability to avert a wider war in the Middle East following US-led air strikes against Houthi rebels in Yemen aimed at haltin...

12 Jan 202416min

Bitcoin ETF Reaction; Republican Debate; Trump Fraud Trial

Bitcoin ETF Reaction; Republican Debate; Trump Fraud Trial

On today's podcast: 1) US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset ...

11 Jan 202423min

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