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, Putin Talk Ukraine; Treasury Secretary Calls Stock Slump 'Healthy'

Trump, Putin Talk Ukraine; Treasury Secretary Calls Stock Slump 'Healthy'

On today's podcast: 1) President Donald Trump said he’ll speak with Russian President Vladimir Putin on Tuesday as the US presses for an end to fighting in Ukraine and European nations rush to bols...

17 Mars 202517min

Daybreak Weekend: Fed Preview, MS Conference, Tencent Earnings

Daybreak Weekend: Fed Preview, MS Conference, Tencent 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 preview of next week’s Fed decision and earnings from FedEx. In the U...

14 Mars 202537min

Equity Optimism on Shutdown Talks; US Tightens Russia Sanctions

Equity Optimism on Shutdown Talks; US Tightens Russia Sanctions

On today's podcast: 1) Part of the equity optimism comes on signs the US will avert a government shutdown. Senate Democratic leader Chuck Schumer opted not to block the Republican bill, avoiding a gov...

14 Mars 202516min

Stocks Fall on Global Trade War Fears; Democrats to Block GOP Plan to Avert Shutdown

Stocks Fall on Global Trade War Fears; Democrats to Block GOP Plan to Avert Shutdown

On today's podcast: 1) President Donald Trump said the US would respond to the European Union’s countermeasures against his new 25% tariffs on steel and aluminum, raising the risk of further escalatio...

13 Mars 202517min

EU Retaliates as Trump Trade War Heats Up; Ukraine Ceasefire Proposal Puts Onus on Putin

EU Retaliates as Trump Trade War Heats Up; Ukraine Ceasefire Proposal Puts Onus on Putin

On today's podcast: 1) The European Union launched countermeasures on Wednesday against new US metals tariffs, with plans to impose its own duties on €26 billion ($28.3 billion) worth of American good...

12 Mars 202517min

Special Report: Global Market Selloff Easing with Mike Wilson and Mohamed El-Erian

Special Report: Global Market Selloff Easing with Mike Wilson and Mohamed El-Erian

Bloomberg's Nathan Hager breaks down the recent market volatility with Morgan Stanley's Mike Wilson and Bloomberg Opinion contributor Mohamed El-Erian. Global stocks steadied from a selloff and US st...

11 Mars 202521min

Bearish Sentiment Weighs on Stocks; Ukraine Launches Drone Attack on Russia

Bearish Sentiment Weighs on Stocks; Ukraine Launches Drone Attack on Russia

On today's podcast: 1) The stock selloff moderates around the world as the world's richest lose more than $200 billion since President Trump's Inauguration. It comes as Wall Street strategists like Ci...

11 Mars 202516min

Trump Avoids Recession Call, Says Economy In ‘Transition', Mark Carney Wins in Canada 

Trump Avoids Recession Call, Says Economy In ‘Transition', Mark Carney Wins in Canada 

On today's podcast: 1) President Donald Trump said the US economy faces “a period of transition,” deflecting concerns about the risks of a slowdown as his early focus on tariffs and federal job cuts c...

10 Mars 202517min

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