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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On today's podcast: 1) Tesla Inc. shares plunged after Elon Musk’s pitch to look past slower sales growth fell flat with investors. The stock fell 8% in early trading Thursday, after Tesla narrowly mi...

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Israel Suffers Worst War Death Toll; New Hampshire Primary Kicks Off

Israel Suffers Worst War Death Toll; New Hampshire Primary Kicks Off

On today's podcast: 1) Israel said 24 of its soldiers were killed in Gaza on Monday, marking the worst single-day death toll for the military since the war against Hamas began in October. 2) New Hamps...

23 Jan 202422min

DeSantis Drops Out Reaction; Wall Street Record Territory

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On today's podcast: 1) DeSantis Pulls Out of Presidential Race, Backs Trump 2) Israel’s Netanyahu Rejects Hamas’s Terms for Hostage Release 3) Stocks Rally as Wall Street Set to Build on Record See om...

22 Jan 202422min

Daybreak Weekend: Netflix Earnings, Central Bank Decisions, New Hampshire Primary

Daybreak Weekend: Netflix Earnings, Central Bank Decisions, New Hampshire Primary

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 - we preview Netflix earnings and look ahead to inflation data In the UK ...

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