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)

Trump's Next Steps with China Trade War; Canada Election Day

Trump's Next Steps with China Trade War; Canada Election Day

On today's podcast: 1) President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home. 2)...

28 Apr 202516min

Daybreak Weekend: Tech Earnings, UK Elections, China PMI Preview

Daybreak Weekend: Tech Earnings, UK Elections, China PMI Preview

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 the April jobs report and big tech earnings. In the UK ...

25 Apr 202538min

China Denies U.S. Trade Talks; Apple's New iPhone Plan

China Denies U.S. Trade Talks; Apple's New iPhone Plan

On today's podcast: 1) European stocks surrendered most of an early advance and Wall Street futures pared gains as China played down progress in its trade dispute with the US. 2) Google parent A...

25 Apr 202516min

China Says U.S. Should Revoke Tariffs; Trump Approval Rating Drops

China Says U.S. Should Revoke Tariffs; Trump Approval Rating Drops

China Says U.S. Should Revoke Tariffs; Trump Approval Rating DropsOn today's podcast: 1) China demanded that the US revoke all unilateral tariffs and said there were no talks on reaching a trade deal,...

24 Apr 202516min

Trump Changes Tone on Powell & Tariffs; Musk Will Refocus on Tesla

Trump Changes Tone on Powell & Tariffs; Musk Will Refocus on Tesla

1) President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates.2) Presid...

23 Apr 202516min

Stocks Bounce Back; Harvard Sues Trump Administration

Stocks Bounce Back; Harvard Sues Trump Administration

On today's podcast: 1) US stocks are set to bounce back from Monday’s losses as investors nervously weighed up progress on trade talks with India and Tesla’s upcoming earnings. Gold topped $3,500 for...

22 Apr 202516min

Pope Francis Dies; Hegseth In More Turmoil Over Signal Chat

Pope Francis Dies; Hegseth In More Turmoil Over Signal Chat

On today's podcast:1) Pope Francis, who encouraged Catholics to embrace a more compassionate view on many issues but found it difficult to close the book on past abuses by clergy, has died. He was 88....

21 Apr 202516min

Daybreak Weekend: Tesla Results, Europe Earnings, China Tariff Reaction

Daybreak Weekend: Tesla Results, Europe Earnings, China Tariff Reaction

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 home sales data and Tesla earnings. In the UK – a look ...

18 Apr 202539min

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