logo
episode-header-image
Dec 2023
17m 10s

Wall Street CEOs Anger, Sunak Loses Mini...

Bloomberg
About this episode

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The heads of Wall Street's biggest banks took their most direct swing yet at Washington's plans to force them to set aside more cash as a buffer against losses.

(2)  Senate Republicans blocked $66 billion in emergency Ukraine aid, heightening the risk US funding for the country's war effort will run dry as a partisan stalemate over immigration policies persists in Washington. 

(3) European Commission President Ursula von der Leyen and European Council President Charles Michel have meet with Chinese leader Xi Jinping in Beijing. The EU officials are holding their first in-person summit with China in four years.

(4) The UK's immigration minister resigned over Prime Minister Rishi Sunak's latest proposal to deport asylum seekers to Rwanda, underscoring concerns that the anti-immigration plan doesn't go far enough to pacify a rebellion in the ruling party.

(5) Two months ago, Egypt looked like a country in grave danger of financial collapse. Now the world has urgent new reasons to come to the rescue. 

See omnystudio.com/listener for privacy information.

Up next
Aug 22
Daybreak Weekend: Nvidia Earnings, Medef Conference, BOK Decision
Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to personal spending data and earnings from Nvidia. In the UK – a look at the upcoming Medef Conference. In Asia – a look at the next B ... Show More
38m 45s
Aug 22
Private Credit Fears, All Eyes On Powell, Germans Embrace Stocks
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Warnings on defaults are starting to pile up in the $1.7 trillion private credit market, prompting at least some analysts to raise concern about underappreciated risks in one of Wall Str ... Show More
17m 13s
Aug 21
Fed's Cook Won't Be 'Bullied', Possible UK Home Tax, Vape Ban Failings
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank, defying calls for her resignation by President Donald Trump over allegations of mortgage fraud. ( ... Show More
17m 5s
Recommended Episodes
May 2023
U.S. border crisis; Britain's plan to ban migrants on boats; how America’s debt ceiling crisis looks abroad; Syria back in Arab League
Jeh Johnson, the former U.S. Secretary of Homeland Security, joins the show this week to talk about the migration crisis as American authorities lose an important tool to keep order at the U.S./Mexico border. Then, The Economist’s Mian Ridge explains Britain's highly controversia ... Show More
40m 59s
Jan 2023
Exclusive: US Treasury Secretary Janet Yellen
The US has spent billions and billions so far in Ukraine, but future government spending is all up in the air right now – not just over Ukraine, but also at home, as America has now reached its debt limit and risks a potentially catastrophic default. Social security payments, vet ... Show More
55m 15s
Apr 2022
Derailed By Immigration Fight, COVID Funding May Have To Wait Weeks
As the Senate prepares to leave town for a two-week break, a bipartisan deal for $10 billion in new COVID money is on hold thanks to a fight over immigration. The BIden administration announced plans to lift a Trump-era restriction called Title 42. It allowed the U.S. to block mi ... Show More
14m 20s
Mar 2022
MM058: Russian default risk recedes & is President Xi in trouble?
In this episode, Piers and I catch up on what has been another busy week in markets where global stocks are on course for their best week since November 2020. We catch-up on the latest news on Ukraine, where reports midweek suggested Ukraine and Russia have made significant progr ... Show More
1h 7m
Mar 2024
Friday, March 15th, 2024
Today’s Headlines: In today's episode, Senate Majority Leader Chuck Schumer calls for new elections in Israel, citing Prime Minister Benjamin Netanyahu as an obstacle to peace. Additionally, the US imposes sanctions on two illegal outposts in the West Bank, freezing assets and ba ... Show More
6m 50s
Jul 2022
Sri Lanka overthrew its president, what now?
Sri Lanka’s president just resigned after months of protest and a deepening economic crisis. Despite Rajapaksa’s departure and the celebratory scenes of demonstrators partying at the president’s home, the people of Sri Lanka have a massive debt hole to climb out of and people hav ... Show More
27m 52s
Oct 2022
What the Chinese Communist Party Congress means for the economy
China delays the release of key economic figures amid its five-yearly decisive political meeting, where the Chinese Communist Party has outlined its priorities for the economy. We hear more from Zhouchen Mao, head of research and advisory at Asia House, a think tank based in Lond ... Show More
28m 17s
Sep 2022
Another difficult day for the British economy
It’s been another windy day for the British economy as the Bank of England intervenes to buy government debt. The leader of the UK's main opposition party - Keir Starmer says the government has lost control of its finances. Raoul Puparel, head of the Boston Consulting Group and a ... Show More
27m 47s