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Bloomberg Daybreak: Europe Edition

Bloomberg Daybreak: Europe Edition

1,209 episodes — Page 21 of 25

China Cuts Rates & Trump Indicted For 4th Time

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's central bank cuts rates as the country's economic headwinds multiply. (2) US Treasury Secretary Janet Yellen warns China's slowdown will 'spill over' to the US. (3) A Georgia Grand Jury indicts Donald Trump for attempting to overturn his election defeat. (4) A technical issue leaves the Bank of England unable to process high value transactions for 6 hours.See omnystudio.com/listener for privacy information.

Aug 15, 202316 min

China Shadow Banking Woes & Musk Vs Zuckerberg Fight Latest

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China growth concerns multiply over strains in sectors from property to shadow banking and hedge funds. (2) Goldman Sachs forecasts a Fed rate cut in the first half of next year. (3) The strikes in Hollywood are threatening Britain's film industry, leaving thousands of jobs in limbo. (4) Zuckerberg tells Musk to stop wasting his time with talk of a possible cage fight. See omnystudio.com/listener for privacy information.

Aug 14, 202316 min

Bloomberg Daybreak Weekend: Retail, Inflation, Indictments (Podcast)

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look at the retail companies reporting earnings. Plus, inflation in focus in the UK and another possible indictment for former President Donald Trump. See omnystudio.com/listener for privacy information.

Aug 12, 202335 min

UPDATE: UK Growth Surprise & UBS Exits Backstop Deal

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The UK economy delivers its strongest quarterly growth in more than a year. (2) UBS ends its $10bn Credit Suisse loss protection agreement with the Swiss government. (3) US inflation data leads the Fed's rate setters to favour another hold. (4) 35,000 tiny Chinese hedge funds could close under new regulations. See omnystudio.com/listener for privacy information.

Aug 11, 202318 min

Biden: China Economy A 'Ticking Time Bomb' & UBS Exits Rescue Deal

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's once-top builder turns into a penny stock as Biden calls the country's economy a "ticking time bomb". (2) 35,000 tiny Chinese hedge funds could close under new regulations. (3) UBS ends it's $10bn Credit Suisse loss protection agreement with the Swiss government. (4) US inflation data leads the Fed's rate setters to favor another hold. See omnystudio.com/listener for privacy information.

Aug 11, 202316 min

UPDATE: Weight-Loss Drug Demand & A Political Assassination

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Drugs maker Novo Nordisk gets a boost from its breakthrough weight-loss drug Wegovy. (2) European gas prices jumped on Wednesday as LNG workers in Australia vote to strike. (3) Disney raises prices for some streaming subscriptions by as much as 27%. (4) A state of emergency has been declared in Ecuador following the assassination of presidential candidate. See omnystudio.com/listener for privacy information.

Aug 10, 202317 min

Gas Prices Surge & Disney Hikes Subscription Prices

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) European gas prices hit a 17-month high as LNG workers in Australia vote to strike. (2) Disney raises prices for some streaming subscriptions by as much as 27%. (3) Britain's property market shows more signs of slowing to a crawl. (4) The chair of troubled Chinese property developer Country Garden sees her net worth drop by $28.6 billion from its peak. See omnystudio.com/listener for privacy information.

Aug 10, 202316 min

Five Years of Lost Growth & Banker Bonuses Take A Hit

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK GDP predicted to stay below pre-pandemic levels until 2024. (2) Britain's electoral register hit by a cyber-attack, but no one noticed for 15 months. (3) The Italian government scrambles to clarify the limits for its new bank windfall tax. (4) Analysis suggests M&A bonus payouts could drop by 25%. See omnystudio.com/listener for privacy information.

Aug 9, 202315 min

UPDATE: Italy's Surprise Bank Tax & US Banks Downgraded

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Italy's government agrees a new tax on the "extra profits" of banks. (2) Moody's downgrades 10 US banks as borrowing costs rise. (3) UK Politicians hit back at HSBC over 'weak' on China comments. (4) Tesla's CFO quits after 13 years in the job. See omnystudio.com/listener for privacy information.

Aug 8, 202316 min

HSBC Faces Political Pressure & A Shock Exit At Tesla

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK Politicians hit back at HSBC over 'weak' on China comments. (2) Moody's downgrades 10 US banks as borrowing costs rise. (3) Italy's government agrees a new tax on the "extra profits" of banks. (4) Tesla's CFO quits after 13 years in the job. See omnystudio.com/listener for privacy information.

Aug 8, 202317 min

HSBC Exec Says UK 'Weak' on China & Musk-Zuckerberg Cage Fight Latest

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) A leading HSBC Executive says the UK is 'weak' for siding with the US against China. (2) Speaking exclusively to Bloomberg, Israel's Prime Minister says he won't pursue his judicial overhaul in full. (3) Ukraine's Black Sea drone attacks point to a rapidly expanding war in the region. (4) Elon Musk says a potential cage fight with Mark Zuckerberg will be streamed on his X platform. See omnystudio.com/listener for privacy information.

Aug 7, 202316 min

Bloomberg Daybreak Weekend: Inflation, Weather, Baba

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a report on US consumer prices, insurance companies' strategies for dealing with unpredictable weather events, as we wait for earnings from some of the biggies, Alibaba gears up to report quarterly results amid the changing landscape for tech in China, and the connection between unions, strikes and presidential politics. See omnystudio.com/listener for privacy information.

Aug 5, 202335 min

iPhone Sales Drop & UK Rates To Remain High

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) iPhone sales slump at Apple as revenue declines yet again. (2) BOE governor Andrew Bailey says it's 'far too soon' to bet on a rate cut. (3) Trump pleads not guilty to obstructing the 2020 election. (4) We speak to one of the designers of the Twitter bird logo after it's replaced by X. See omnystudio.com/listener for privacy information.

Aug 4, 202322 min

Green Investment Concerns & BoE Decision Day

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The CEO of energy firm SSE tells Daybreak Europe the UK Government needs to reassure markets on green investments. (2) The BoE prepares to raise rates with traders split on whether the MPC opts for 25 or 50 basis points. (3) Two Former US Treasury Secretaries call for action on the country's ballooning debt. (4) Treasuries become an increasingly ineffective hedge for stocks, as the two move in tandem. See omnystudio.com/listener for privacy information.

Aug 3, 202319 min

US Loses AAA Rating & S&P 500 Record 'Inevitable'

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Fitch strips the US of its triple-A credit rating. (2) Trump is indicted over efforts to overturn the 2020 election. (3) A special report on how a UK Energy giant legally avoided repaying over £600m to households. (4) JPMorgan says a record high for the S&P 500 now 'Feels Inevitable'. See omnystudio.com/listener for privacy information.

Aug 2, 202316 min

HSBC's CEO Talks Bumper Profits & UK Shop Prices Drop

HSBC's CEO Talks Bumper Profits & UK Shop Prices Drop Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) HSBC plans to buy back up to $2 billion of stock after a Q2 pretax profit of $8.8 billion. (2) UK shop prices drop for the first time in two years according to the British Retail Consortium. (3) Nigel Farage says Coutts have offered to let him keep his account. (4) The UK has dropped its bid to replace Europe's 'CE' quality mark post-Brexit. See omnystudio.com/listener for privacy information.

Aug 1, 202317 min

Bank of Japan Intervenes To Smooth Yields, and China's Stimulus Speculation

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Bank of Japan steps into the bond market, using its new rules to influence rates. (2) Weak economic data in China fuels hopes for more government intervention. (3) FX volatility jumps after monetary policy moves, with traders looking ahead to the Bank of England. (4) Britain's young people face a grim mix of housing costs, poor jobs, and heavy debt. See omnystudio.com/listener for privacy information.

Jul 31, 202316 min

Bloomberg Daybreak Weekend: Big Tech, BOE, 2024 Race

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week, including a look ahead at more big tech earnings, the Bank of England's next move to fight UK inflation, an update on the 2024 Presidential race, and this week's Aviation Day in Hong Kong.See omnystudio.com/listener for privacy information.

Jul 29, 202335 min

UPDATE: Bank of Japan Jolts Markets, German Economy Stagnates

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Governor Kazuo Ueda rocks markets with yield curve changes. (2) Germany exits winter recession, as ECB mulls recession risks. (3) NatWest reduces profit margin guidance after the bank loses two top executives to political scandal. (4) Citi tells UK staff their office attendance records will be monitored. See omnystudio.com/listener for privacy information.

Jul 28, 202313 min

Bank of Japan Jolts Markets, While NatWest Simmers

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Bank of Japan tightens monetary policy by loosening its grip on bond yields. (2) NatWest earnings out today after the bank loses two top executives to political scandal. (3) ECB President Christine Lagarde mulls recession risks after hiking rates for a ninth time. (4) Citi tells UK staff their office attendance records will be monitored. See omnystudio.com/listener for privacy information.

Jul 28, 202316 min

Chancellor's Advisers Warn Of Rate Hike Risks And Fed Drops Recession Forecast

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) SCOOP: Jeremy Hunt's economic advisers worry the Bank of England risks hiking too far. (2) The Fed raises rates to the highest level in 22 years, and no longer forecasts a recession. (3) BNP Paribas, Barclays, and Shell are among the big names reporting results today. (4) Britain's Met Office say 40 degree Celsius summers could become the norm by 2060. See omnystudio.com/listener for privacy information.

Jul 27, 202314 min

Natwest CEO Quits Over Farage Account Row, And European Bank Earnings Beat Expectations

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Alison Rose exits NatWest after a political storm over the closure of former politician Nigel Farage's account. (2) Santander, Deutsche Bank and Unicredit report numbers in the first sign of how Europe's banks fared in the second financial quarter. (3) Microsoft shares slump in after-hours trading after it and Alphabet report earnings that beat expectations. (4) Climate scientists worried after ice melt data crossed the six standard deviation mark from average levels. See omnystudio.com/listener for privacy information.

Jul 26, 202314 min

UBS Picks Up $387 Million Credit Suisse Bill & Chinese Shares Surge

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UBS agrees to pay $387 million in fines for Credit Suisse's past misconduct. (2) Chinese shares soar on signals of more support from Beijing. (3) Greece continues to encourage tourists despite worst blazes in 20 years. (4) A new study shows London's highest earners have seen the largest percentage increase in pay compared to all other groups since the pandemic. See omnystudio.com/listener for privacy information.

Jul 25, 202316 min

Political Limbo in Spain & Elon Musk's Favorite Letter

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Surprise Spanish election result leaves no clear path to a new government. (2) Bank earnings season starts as central banks gear up for rate meetings. (3) Greece evacuates 19,000 people from Rhodes as record heatwave continues to sweep southern Europe. (4) Elon Musk announces Twitter rebrand to the letter 'X' See omnystudio.com/listener for privacy information.

Jul 24, 202316 min

Bloomberg Daybreak Weekend: Fed, BoJ, UK Banks

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the FOMC meeting, decision day for the Bank of Japan, an unusual story unfolding in the UK banking industry and what to expect on Hunter Biden. See omnystudio.com/listener for privacy information.

Jul 22, 202335 min

Sunak Suffers Election Blow & NatWest CEO Says Sorry To Farage

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Rishi Sunak suffers a double by-election blow but avoids a wipe out. (2) The CEO of NatWest says sorry to Farage over the closure of his Coutts account. (3) The Nasdaq 100 gets set for an out-of-cycle re-balance. (4) UK consumer confidence falls for the first time in six months. See omnystudio.com/listener for privacy information.

Jul 21, 202319 min

Nigel Farage Talks Coutts & Apple Plays AI Catch Up

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Nigel Farage speaks to us about Coutts bank's decision to close his accounts. (2) Tesla doubles down on its price reduction strategy. (3) Profits tumble at Goldman Sachs as pressure on the CEO grows. (4) Apple is working on artificial intelligence tools that could challenge those of OpenAI and others. See omnystudio.com/listener for privacy information.

Jul 20, 202316 min

UPDATE: UK Inflation Cools & Hong Kong Sees 30% Pay Hikes

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Britain's inflation rate slowed more than expected in June. (2) Tata picks Britain for it's new battery plant, we have exclusive reporting on what it means for the UK. (3) Wall Street sees a glimmer of hope for an Investment-Banking revival. (4) The hunt for talent means a 30% salary hike for new bank hires in Hong Kong.See omnystudio.com/listener for privacy information.

Jul 19, 202315 min

Tata Picks UK For Gigafactory & Hong Kongs 30% Pay Hikes

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Tata picks Britain for it's new battery plant, we have exclusive reporting on what it means for the UK. (2) Today's UK Inflation data could drive the BOE to opt for a half point hike. (3) Wall Street sees a glimmer of hope for an Investment-Banking revival. (4) The hunt for talent means a 30% salary hike for new bank hires in Hong Kong See omnystudio.com/listener for privacy information.

Jul 19, 202315 min

Food Prices Fall & Goldman's Yield Curve View

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Grocery Prices drop for the first time in three years as the UK braces for crunch inflation data. (2) Sunak tries to rebuild the Conservatives corporate credentials with a business council of top bosses (3) Goldman says an inverted US yield curve doesn't mean a recession is coming this time. (4) Microsoft and Activision close to doing their $69 billion deal but not before today's deadline. See omnystudio.com/listener for privacy information.

Jul 18, 202317 min

China Growth Slows & Homes Under The Hammer

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's economy grows more slowly than expected as calls for stimulus grow. (2) Kemi Badenoch admits to the very low chance of a UK-US trade deal. (3) Vanguard's global expansion has struggled to gain traction. (4) UK home sellers cut asking prices as rising mortgage costs put off buyers. See omnystudio.com/listener for privacy information.

Jul 17, 202316 min

Bloomberg Daybreak Weekend: Banks, CPI, SCOTUS, Spain

Bloomberg Daybreak Weekend with Amy Morris takes a look at some of the stories we'll be tracking for you in the coming week including the fresh flood of bank earnings we're waiting for, plus the latest inflation print coming out of Japan, what Senate Democrats want to do to rein in potential excesses at the Supreme Court and the closely-watched elections in Spain. See omnystudio.com/listener for privacy information.

Jul 15, 202335 min

China's Central Bank Signals No Major Stimulus & Hollywood Strike

Your morning briefing, the business news you need in just 15 minutes. ]On today's podcast:(1) China moves to court private business as the central bank signals no big stimulus is coming. (2) Federal Reserve governor Christopher Waller calls for two more hikes, as James Bullard resigns. (3) Prime Minister Rishi Sunak signs off on public sector pay rises in a bid to end union walkouts. (4) Hollywood stars and writers both go on strike for the first time in six decades. See omnystudio.com/listener for privacy information.

Jul 14, 202316 min

Epstein's Relationship With Staley & The High Cost Of Working From Home

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Bloomberg investigates Jeffrey Epstein's relationship with the former Barclays CEO Jes Staley. (2) US Inflation cools to 3%, but Fed officials are still expected to hike this month. (3) UK property buyers pull back from the market as mortgage rates top 6%. (4) Research suggests remote work could wiping $800 billion off the value of office buildings. See omnystudio.com/listener for privacy information.

Jul 13, 202316 min

UPDATE: The BoE Says High Rates Are Impacting Economy & London's Nervous High End Home Buyers

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Bank of England says higher rates are squeezing the UK economy but the financial system remains resilient. (2) Report says the average UK household will be £2,300 worse off by the time inflation eases next May. (3) US inflation data out today is likely to be pivotal for the next FOMC rate decision. (4) Microsoft clears another hurdle in its bid to buy Activision as regulators regroup. (5) High end home buyers become increasingly nervous about London's prime property market.See omnystudio.com/listener for privacy information.

Jul 12, 202316 min

The £2,300 Cost Of UK Inflation & London's Nervous High End Home Buyers

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Report says the average UK household will be £2,300 worse off by the time inflation eases next May. (2) NATO agreed plans for expansion and more arms for Ukraine in the face of Russian aggression. (3) US inflation data out today is likely to be pivotal for the next FOMC rate decision. (4) Microsoft clears another hurdle in its bid to buy Activision as regulators regroup. (5) High end home buyers become increasingly nervous about London's prime property market. See omnystudio.com/listener for privacy information.

Jul 12, 202317 min

UPDATE: UK Wage Growth Adds To BoE Pressure & London Bank Bonuses Plunged In 2022

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Wages rise by 7.3%, adding to the pressure on the BoE. (2) UK pension funds agree to pump billions into British startups. (3) Turkey agrees to back Sweden's bid to join NATO. (4) The Nasdaq plans to re-balance the index away from megacap tech. (5) London bank bonuses plunged across the board in 2022's deal drought. See omnystudio.com/listener for privacy information.

Jul 11, 202320 min

UK Pensions To Be Invested In Startups & The Nasdaq Downsizes Mega Tech

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK pension funds agree to pump billions into British startups. (2) The BOE's Bailey says Inflation rate is likely to drop "markedly" this year. (3) Turkey agrees to back Sweden's bid to join NATO. (4) Nasdaq plans to rebalance index away from an 'overconcentration' in megacap tech. See omnystudio.com/listener for privacy information.

Jul 11, 202316 min

Biden Heads To London & The BBC Suspends A Leading Presenter

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Biden jets into London for talks with Sunak ahead of a crunch NATO meeting. (2) A cooling UK jobs market offers good news for the BOE and bad news for the economy. (3) Yellen heads home from China after talks on the two countries' tense rivalry. (4) The BBC suspends a leading presenter over allegations they paid for sexual photos.See omnystudio.com/listener for privacy information.

Jul 10, 202317 min

Bloomberg Daybreak Weekend: Banks , NATO, China, UK

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including bank earnings, US relations with NATO countries, the UK economy, and why we are watching China's economic data so closely right now. See omnystudio.com/listener for privacy information.

Jul 8, 202334 min

US Treasury Yields Spike & UK May Roll Back EU's MiFID II Rules

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) US Treasury yields soar after stronger labor market data pushes US rates bets higher. (2) UBS's global wealth chief Iqbal Khan goes hunting for new assets as Swiss banking giant looks beyond the Credit Suisse takeover. (3) Bloomberg understand the UK government plans to roll back an EU ban on free investment research for clients. (4) Sweden and Turkey hold more talks on Sweden's path to join NATO, ahead of a major summit in Vilnius on Monday. See omnystudio.com/listener for privacy information.

Jul 7, 202316 min

Fed Divisions & UK Asset Managers Accused Of Risky Business

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Fed minutes reveal disagreement over the decision to pause in June. (2) The US Treasury Secretary, Janet Yellen, visits Beijing as tech tensions grow. (3) The FCA says asset managers are not adequately monitoring their funds' liquidity. (4) JP Morgan warns of a 7% UK base rate as house prices fall. See omnystudio.com/listener for privacy information.

Jul 6, 202316 min

Why European Banks Are Worth Less Than US Rivals & Global Temperatures Hit Record High

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Bloomberg Intelligence has crunched the numbers on why the share prices of European banks lag their Wall Street rivals. (2) China's Xi calls for open supply chains after curbing the exports of key metals. (3) The UK's Financial Watchdog sets out plans for a single UK price feed for bond trades. (4) global temperatures hit an all time record on Monday in a blow for the battle against climate change. See omnystudio.com/listener for privacy information.

Jul 5, 202317 min

Yield Curve Inversion & Fake Rolex Watches On The Rise

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Morgan Stanley tells Bill Dudley he's wrong about the bond market as the yield curve inverts further. (2) The BoE's new policy maker says rates may need to remain permanently elevated. (3) Instagram gets set to launch its Twitter rival Threads app later this week. (4) The CEO of Watchfinder tells us even the experts now struggle to spot some counterfeit timepieces. See omnystudio.com/listener for privacy information.

Jul 4, 202320 min

Apple Slashes Headset Production Forecast & Tesla's Electrifying Sales

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Reports from the Financial Times suggest Apple is slashing production forecasts for its mixed-reality headset. (2) Tesla sets a delivery record as Musk's price cut strategy pays off. (3) France deploys 45,000 police officers for a third night as Macron pushes to end riots and looting. (4) Yellen gets set to travel to Beijing as the world's largest economies look to rebuild relations.See omnystudio.com/listener for privacy information.

Jul 3, 202315 min

Bloomberg Daybreak Weekend: Jobs, Fed, AI, Europe

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the coming jobs report, big annual economic in the south of France, closely-watched AI conference in Shanghai, and a look at what Fed officials are really thinking.See omnystudio.com/listener for privacy information.

Jul 1, 202335 min

China Growth Worries & Goldman Loses M&A Top Spot

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) China's growth momentum continues to slow as stimulus announcements fall flat. (2) The US is reportedly looking to force ASML to ship fewer chip machines to China. (3) UK Business confidence hits a 13 month high as firms shrug of rate rises. (4) Goldman loses its status as the world's top M&A adviser for the first time in 5 years. See omnystudio.com/listener for privacy information.

Jun 30, 202316 min

London's Listing Rules Plan Attacked & Man United Takeover Overtime

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Pension funds attack plans to loosen London's listing rules as TheCityUK gets set for its annual conference.(2) OpenAI picks London for its first corporate office outside the US.(3) Central bankers give markets a reality check with calls for more rate hikes.(4) The Qatar group becomes increasingly confident of winning the race to buy Manchester United. See omnystudio.com/listener for privacy information.

Jun 29, 202316 min

UBS To Cut More Than Half of Credit Suisse's 45,000 Staff

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) UBS is planning to cut more than half of Credit Suisse's 45,000-strong workforce. (2) Investment banking revenue tumbles at Jefferies as mergers and acquisitions dry up. (3) Reports suggest the US is preparing to limit the sale of AI chips to China. (4) Price cuts point to the start of a downturn in the UK property market. See omnystudio.com/listener for privacy information.

Jun 28, 202316 min

UPDATE: BOE Set to Tip UK Into Recession & Odey Suspends Two Funds

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Bloomberg Economics says higher rates will push UK into recession by the end of the year (2) Putin labels Wagner mercenary commanders 'traitors' as Prigozhin denies coup attempt. (3) Odey Asset Management has suspended two more funds, including its flagship hedge fund. (4) A decline in UK shop price inflation offers a glimmer of hope for the Bank of England. See omnystudio.com/listener for privacy information.

Jun 27, 202317 min