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(1606)

Bloomberg Daybreak Holiday: Earnings, Retail, Markets

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On today's podcast: 1) Verdict in Donald Trump’s civil fraud trial expected 2) Nike to Cut 2% of Workforce as Sportswear Giant Seeks Savings 3) Fed’s Bostic Says May Take ‘Some Time’ to Hit Rate-Cut T...

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Democrats Win Special Election; House Votes to Impeach Mayorkas

Democrats Win Special Election; House Votes to Impeach Mayorkas

On today's podcast: 1) Democrats win New York's special election to replace George Santos. 2) The House votes to impeach Homeland Security Secretary Alejandro Mayorkas. 3) Defense Secretary Lloyd Aust...

14 Feb 202416min

Snow Hits Northeast; New York Special Election; US Inflation Data

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On today's podcast: 1) Snow prepares to blanket the northeast as winter storm warnings stretch from New York to Boston 2) Voters on Long Island head to the polls to replace disgraced representative Ge...

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On today's podcast:  1) The Kansas City Chiefs win their third Super Bowl in five years  2) The White House ramps up pressure on Israel as the country launches more airstrikes in Gaza  3) A winter sto...

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