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.

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Trump Seeks Normalization With Syria; US Stocks Now Higher on Year

Trump Seeks Normalization With Syria; US Stocks Now Higher on Year

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Global Stocks Recoup Tariff Losses; President Trump Visits Saudi Arabia

Global Stocks Recoup Tariff Losses; President Trump Visits Saudi Arabia

On today's podcast: 1) The Wall Street stocks rally is set to pause due to concerns about inflation and economic growth, with US futures pointing to a decline. Investors are taking a breather after t...

13 Maj 202516min

Stocks Soar as US-China Tariffs Slashed, President Trump Visits Middle East

Stocks Soar as US-China Tariffs Slashed, President Trump Visits Middle East

On today's podcast: 1) Stocks soar as the U.S. and China agree to de-escalate their trade war. The US and China will temporarily lower tariffs on each other's products, with the US reducing its levie...

12 Maj 202516min

Bloomberg Daybreak Weekend: US CPI, Portugal Election, Japan Eco

Bloomberg Daybreak Weekend: US CPI, Portugal Election, Japan Eco

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 eco data and earnings from the retail giant, Walmar...

9 Maj 202539min

US Eyes China Tariff Cut; Trump's Plan to Tax Millionaires

US Eyes China Tariff Cut; Trump's Plan to Tax Millionaires

On today's podcast: 1) The Trump administration is weighing a dramatic tariff reduction during weekend talks with China to de-escalate tensions and temper the economic pain both are already starting t...

9 Maj 202517min

President Trump Hints at Trade Deal; Why the Fed Left Rates Unchanged

President Trump Hints at Trade Deal; Why the Fed Left Rates Unchanged

On today's podcast: 1) President Trump is expected to unveil a limited trade deal with the UK this morning and hints at a new tension point in trade talks with China. The UK deal is likely to focus o...

8 Maj 202517min

US-China Trade Talks; India, Pakistan Trade Military Strikes

US-China Trade Talks; India, Pakistan Trade Military Strikes

On today's podcast: 1) US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will travel later this week to Switzerland for trade talks with China led by Vice Premier He Lifen...

7 Maj 202517min

Wall Street Elite Warm Up to Tariffs; Trump-Carney Meeting

Wall Street Elite Warm Up to Tariffs; Trump-Carney Meeting

On today's podcast: 1) Scott Bessent walked on stage at the largest gathering in months of Wall Street’s champions of global trade, aiming to explain why President Donald Trump is putting up hurdles t...

6 Maj 202517min

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