‘Flood the Zone’ Fed Attacks, Citi Exec Gaza Post, Africa Luxury Travel Boom

‘Flood the Zone’ Fed Attacks, Citi Exec Gaza Post, Africa Luxury Travel Boom

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Federal Reserve Chair Jerome Powell is smack in the middle of one of President Donald Trump’s preferred attack strategies — flooding the zone.

(2) European Central Bank policymakers pushing for another cut in interest rates face an uphill battle, with inflation at 2% and the economy withstanding trade turbulence, according to people familiar with the matter.

(3) LVMH sales fell as shoppers reined in purchases of costly Louis Vuitton bags and Dior jackets, a sign the luxury titan remains stuck in its post-pandemic slump.

(4) Australia and the UK will hold talks between their foreign and defense ministers in Sydney on Friday, with the aim of signing a £20 billion ($27 billion) “treaty” to help build nuclear-powered submarines.

(5) The UK has restored its international standing after years of “performative” politics under successive Conservative governments, Labour Prime Minister Keir Starmer said in an interview after sealing a long-sought trade deal with India on Thursday.

Podcast Conversation: London's Central Line Is Broiling City Commuters Daily

See omnystudio.com/listener for privacy information.

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