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)

Bitcoin ETF Controversy; Boeing CEO Admits Mistakes

Bitcoin ETF Controversy; Boeing CEO Admits Mistakes

On today's podcast: 1) A highly anticipated decision by the US Securities and Exchange Commission on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a major cybersecurity i...

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Boeing Investigation Latest; Trump Court Showdown; Lloyd Austin's Hospitalization

Boeing Investigation Latest; Trump Court Showdown; Lloyd Austin's Hospitalization

On today's podcast: 1) Investigators probing the fuselage blowout on a Boeing Co. 737 Max 9 on Jan. 5 determined that the door plug moved upward before ejecting and that fittings holding the part in p...

9 Jan 202416min

Boeing 737 Max Groundings Fallout; Risk of Government Shutdown Eases

Boeing 737 Max Groundings Fallout; Risk of Government Shutdown Eases

On today's podcast: 1) US air-safety officials retrieved the fuselage panel that blew off during an Alaska Airlines flight on Jan. 5, as authorities begin piecing together evidence to learn what led t...

8 Jan 202417min

Daybreak Weekend: Bank Earnings, UK Eco Data, Taiwan Election, Biden Polls

Daybreak Weekend: Bank Earnings, UK Eco Data, Taiwan Election, Biden Polls

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 - As earnings season kicks off, we preview what we can expect from some of...

6 Jan 202434min

Winter Snowstorm Ahead; Wall Street Braces for Jobs Report; Blinken to Visit Middle East

Winter Snowstorm Ahead; Wall Street Braces for Jobs Report; Blinken to Visit Middle East

On today's podcast: 1) New York City and Boston are straddling the line between what could be a snowy weekend or just a lot of rainhttps://www.bloomberg.com/news/articles/2024-01-04/us-east-coast-brac...

5 Jan 202422min

Jeffrey Epstein Document Release; Trump Pleads with the Supreme Court; Iran Explosion

Jeffrey Epstein Document Release; Trump Pleads with the Supreme Court; Iran Explosion

On today's podcast: 1) Several previously confidential documents related to Jeffrey Epstein were made public in federal court in New York after a yearslong battle over their release. 2) The US Supreme...

4 Jan 202416min

Harvard President Resignation Fallout; Trump Sues Maine; Wall Street Tech-Selloff

Harvard President Resignation Fallout; Trump Sues Maine; Wall Street Tech-Selloff

On today's podcast: 1) Claudine Gay is stepping down as president of Harvard University, ending a brief and tumultuous tenure marred by allegations of plagiarism and a campus controversy over antisemi...

3 Jan 202416min

Middle East Tensions Escalate; Wall Street 2024 Predictions

Middle East Tensions Escalate; Wall Street 2024 Predictions

On today's podcast: 1) Iran dispatched a warship to the Red Sea after the US Navy destroyed three Houthi boats, a move that risks ratcheting up tensions and complicates Washington’s goal of securing a...

2 Jan 202417min

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