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.

Avsnitt(1594)

Two Israeli Embassy Staffers Killed in Washington; Republican Tax Bill Vote

Two Israeli Embassy Staffers Killed in Washington; Republican Tax Bill Vote

On today's podcast: 1) Two members of the Israeli embassy’s staff were fatally shot outside the Capital Jewish Museum in Washington on Wednesday night, Homeland Security Secretary Kristi Noem said.2) ...

22 Maj 202516min

Oil Rises on Report Israel May Strike Iran; Justice Department Opens Probe of Andrew Cuomo

Oil Rises on Report Israel May Strike Iran; Justice Department Opens Probe of Andrew Cuomo

On today's podcast: 1) Oil rose after CNN reported that new US intelligence suggested Israel could be gearing up for a possible strike on Iran’s nuclear facilities. The dollar, US stock futures and Tr...

21 Maj 202526min

Trump-Putin High Stakes Call Reaction; Trump's Push for Tax Bill

Trump-Putin High Stakes Call Reaction; Trump's Push for Tax Bill

On today's podcast: 1) Eleven days ago, European leaders took heart when President Donald Trump called for a 30-day ceasefire in Ukraine and threatened new sanctions on Russia. A telephone call with V...

20 Maj 202516min

NJ Transit Strike Over; Scheffler Wins the PGA Championship

NJ Transit Strike Over; Scheffler Wins the PGA Championship

On today's podcast: 1) New Jersey Transit and its locomotive engineers reached an agreement on a new contract, ending a three-day transit strike that disrupted trains for thousands of riders 2) Scotti...

19 Maj 202516min

Weekend Bonus: Latino Sports Fans

Weekend Bonus: Latino Sports Fans

We've heard of streaming platforms realizing the power of live sports. But what we haven't heard much buzz about is the growing audience who's watching. And they have more than $3.6 trillion dollars i...

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Daybreak Weekend: Home Sales Preview, Qatar Economic Forum, Baidu Earnings

Daybreak Weekend: Home Sales Preview, Qatar Economic Forum, Baidu Earnings

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 a look ahead to home sales data and earnings from Targe...

16 Maj 202535min

NJ Transit Strike; President Trump Calls for Putin Meeting

NJ Transit Strike; President Trump Calls for Putin Meeting

On today's podcast: 1) NJ Transit locomotive engineers go on strike affecting the commute for hundreds of thousands of commuters. The strike is the result of failed contract negotiations between NJ Tr...

16 Maj 202526min

Ukraine Peace Deal Hopes Fade; Trump Says U.S. Close to Iran Nuclear Agreement

Ukraine Peace Deal Hopes Fade; Trump Says U.S. Close to Iran Nuclear Agreement

On today's podcast: 1) Top US and European diplomats are gathering in Antalya, Turkey on Thursday as the outlook dims for any major breakthrough in expected peace talks between Ukraine and Russia. 2) ...

15 Maj 202516min

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