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China Tariff Walk Back, Trump Pressures Fed & BOJ Hikes Rates
Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) President Donald Trump said he’d prefer not to have to impose tariffs on China, his latest dovish remark toward the world’s second-biggest economy even as he continues to threaten sweeping action. (2) President Donald Trump signed executive actions related to cryptocurrency and artificial intelligence, moves that could bolster two nascent industries. (3) US President Donald Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil,” casting the push for more crude output as a way to heighten pressure on Russia and help end the nearly three-year war in Ukraine. (4) The Bank of Japan raised its key policy rate Friday to the highest level in 17 years and took a more bullish view on the strength of inflation, fueling expectations for more rate hikes and supporting the yen. (5) UK household confidence tumbled to the lowest since before Labour returned to power as the fallout from Chancellor Rachel Reeves’ budget continued into the new year. (6) Millions of people are being told to stay home in the north of the UK due to a life-threatening storm. The UK's weather service has issued its most severe 'red' warning in Northern Ireland and parts of Scotland, with the rest of the country under either amber or yellow alerts.Monte Paschi offers to buy Mediobanca in an all share deal.See omnystudio.com/listener for privacy information.
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Zelenskiy Appeals To Trump, UK Recession Fears & Diversity Dividing Lines
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Volodymyr Zelenskiy said any effective peacekeeping force deployed in Ukraine will need to include US troops, as he appealed to Donald Trump ahead of talks with Russia. (2) A Russian spy ship entered British waters twice in recent weeks, prompting the UK to deploy Royal Navy ships, Royal Air Force planes and a submarine, Defence Secretary John Healey said. (3) President Donald Trump downplayed the national security risk posed by TikTok in an interview with Fox News on Wednesday, days after offering the social video app a reprieve from legislation that would have forced it to shut down. (4) Bloomberg Economics says there are good reasons to think recessions will be more frequent in Britain in coming years. (5) Fire crews are making progress on blunting the threat from an enormous new blaze north of Los Angeles that forced students to evacuate and prompted inmates to shelter in place. (6) Elon Musk openly questioned whether companies that joined President Donald Trump’s announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises, exposing an early internal rift within the White House.See omnystudio.com/listener for privacy information.
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UPDATE: Reeves Says Fiscal Situation is 'Tight', Trump's 10% China Tariff Threat, & A $500B ‘Stargate’ AI Deal
Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) Chancellor of the Exchequer Rachel Reeves said “the answer can’t always be no” when it comes to approving major infrastructure works and planning decisions, her latest indication that she’ll push ahead with controversial projects in a bid to grow Britain’s economy. (2) Debt interest costs pushed up UK government borrowing more than predicted last month, putting Chancellor of the Exchequer Rachel Reeves on course to overshoot official forecasts this year. (3) The UK government has ousted the chair of the Competition and Markets Authority, Britain’s antitrust watchdog, as ministers seek to reinforce the message that they want regulators to do more to facilitate economic growth. (4) President Donald Trump said his threat to hit China with 10% tariffs on all imports was still on the table and indicated it could come as soon as next month. (5) SoftBank, OpenAI, and Oracle are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology. (6) President Donald Trump says he’s likely to impose sanctions on Russia if President Vladimir Putin doesn’t come to the table to negotiate on Ukraine, during remarks at the White House.See omnystudio.com/listener for privacy information.
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Trump's 10% China Tariff Threat, $500B ‘Stargate’ AI Deal & Netflix's Blockbuster Quarter
Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) President Donald Trump said his threat to hit China with 10% tariffs on all imports was still on the table and indicated it could come as soon as next month. (2) SoftBank, OpenAI, and Oracle are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology. (3) President Donald Trump says he’s likely to impose sanctions on Russia if President Vladimir Putin doesn’t come to the table to negotiate on Ukraine, during remarks at the White House. (4) Netflix closed 2024 with its biggest quarterly subscriber gain in history, buoyed by its first major live sporting events and the return of Squid Game. (5) The UK government has ousted the chair of the Competition and Markets Authority, Britain’s antitrust watchdog, as ministers seek to reinforce the message that they want regulators to do more to facilitate economic growth.See omnystudio.com/listener for privacy information.
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19:32
Trump's 25% Tariff Timeline, Executive Order Blitz & Jan 6th Rioters Pardoned
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump said he planned to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, reiterating his contention that America’s two immediate neighbors are letting undocumented migrants and drugs flood into the country.(2) President Donald Trump held off unveiling China-specific tariffs on his first day in office, instead ordering his administration to address unfair trade practices globally and investigate whether Beijing had complied with a deal signed during his first term.(3) President Donald Trump temporarily halted a ban on TikTok in the US, granting the company and its Chinese parent ByteDance Ltd. more time to reach a deal for the popular app that would resolve long-standing US national security concerns.(4) Donald Trump pardoned almost all of the people convicted for participating in the Jan. 6, 2021, attack on the US Capitol and ordered charges dropped in any pending cases, fulfilling a controversial campaign promise just hours after he returned to the White House.(5) President Donald Trump wasted little time taking action on two culturally controversial issues he campaigned on, signing executive orders ending federal diversity programs and restricting gender definition to two sexes — male and female.See omnystudio.com/listener for privacy information.
Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.
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