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(1595)

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

President Trump Says Trade Deals Coming; Warren Buffett Picks His Successor

President Trump Says Trade Deals Coming; Warren Buffett Picks His Successor

On today's podcast: 1) President Donald Trump suggested that his administration could strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners ...

5 Maj 202517min

The CEO Radar: Behind the Tariff Headlines (Sponsored Content)

The CEO Radar: Behind the Tariff Headlines (Sponsored Content)

Financial analysts were far more prepared than most CEOs for the US tariffs announced on April 2. Analysts, who serve as a proxy for the financial markets, anticipated tariffs would soon be an enormou...

4 Maj 202520min

Daybreak Weekend: Fed Decision, Germany Chancellor, China Eco

Daybreak Weekend: Fed Decision, Germany Chancellor, China 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 next week’s Fed decision and earnings from Walt Disney....

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US-China Possible Trade Talks; Apple & Amazon Disappoint

US-China Possible Trade Talks; Apple & Amazon Disappoint

On today's podcast: 1) China said it is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two ...

2 Maj 202516min

Tech Stocks Surge on Microsoft & Meta Earnings; US & Ukraine Sign Deal

Tech Stocks Surge on Microsoft & Meta Earnings; US & Ukraine Sign Deal

On today's podcast: 1) Microsoft Corp. shares jumped after the company reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady ...

1 Maj 202516min

Trump Bashes Powell and Touts Tariffs; Amazon's Tariff Move

Trump Bashes Powell and Touts Tariffs; Amazon's Tariff Move

On today's podcast: 1) President Trump marks his first 100 days in Michigan car country and hits the Fed as he defends sweeping tariffs. Trump criticized Federal Reserve Chairman Jerome Powell, saying...

30 Apr 202517min

Carney Wins Canada's Election; President Trump's First 100 Days

Carney Wins Canada's Election; President Trump's First 100 Days

On today's podcast: 1) Canada’s Liberal Party is projected to win a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost eco...

29 Apr 202517min

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