Israel Plans to Seize Gaza, Trump Fills Fed Seat, and 51 Million Hours of Paperwork
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Israeli Prime Minister Benjamin Netanyahu secured cabinet approval on Friday for a military takeover of Gaza City, which he described as part of a final push to topple Hamas after 22 months of fighting and recover its last 50 hostages, dead or alive.(2) President Donald Trump said he had chosen Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor.(3) President Donald Trump said he’d be willing to meet with Vladimir Putin, even if the Russian leader hadn’t yet agreed to also sit down with Ukrainian President Volodymyr Zelenskiy. (4) The US confirmed it would end stacking of universal tariffs on Japan and cut car levies as promised, Tokyo’s top trade negotiator Ryosei Akazawa said after a meeting on Thursday with his counterparts in Washington.(5) Jamie Dimon, JPMorgan's chief executive, says US financial regulations are out of control and have been taken to a whole new level.According to an analysis by Bloomberg News, new financial regulations introduced since the Great Financial Crisis may have added 51 million hours of extra annual paperwork, bringing the total to 425 million hours.Podcast Conversation: High Earner Not Rich Yet? Meet France's Nicolas: Lionel LaurentSee omnystudio.com/listener for privacy information.
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Tariffs Take Effect, Trump Targets Chips, and A Welsh Island on Sale
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil, escalating a fight with a key Asian partner and sparking outrage in New Delhi.(2) Donald Trump declared plans for a 100% tariff on semiconductor imports while promising to exempt companies such as Apple Inc. that move production back to the US, triggering a scramble among trading partners and companies worldwide to make sense of the threat.(3) Switzerland’s president left Washington without announcing any success in lowering the 39% tariff that US President Donald Trump has put on her country.(4) Three Federal Reserve policymakers voiced concerns about the US labor market Wednesday with remarks that pointed to a potential interest-rate cut in September.(5) The Bank of England is set to cut interest rates to the lowest level in over two years, as its policymakers contend with a slowing economy and a jobs market rattled by higher taxes.Podcast Conversation: A Private Island Fort Off the Coast of Wales Hits the MarketSee omnystudio.com/listener for privacy information.
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Trump's Next Tariff Blitz, Reeves's £51B Hole, and Hiring Your CEO Internally
On today's podcast:(1) President Donald Trump said he’d impose increased tariffs on countries buying energy from Russia while clarifying that levies on semiconductor and pharmaceutical imports would be announced “within the next week or so.”(2) Swiss President Karin Keller-Sutter arrived in Washington to make a last-minute bid for a deal to lower the 39% tariff imposed last week by Donald Trump.(3) The outlook for Wall Street bonuses is improving, with payouts now set to rise across most sectors of the finance industry as the market rebounds.(4) President Donald Trump said he would make his decision on a replacement for outgoing Federal Reserve Governor Adriana Kugler this week as he looks to make his imprint on the central bank’s monetary policy.(5) UK Chancellor of the Exchequer Rachel Reeves is facing a £51 billion ($68 billion) shortfall to fill at the autumn budget, according to a prominent economic think tank that warned she will likely need to break Labour’s pledge not to raise major taxes.(6) When Novo Nordisk announced it was hunting for a replacement chief executive officer to revive its fortunes, the weight-loss drug maker — whose value has dropped by about two thirds in the past year — could have parachuted in a hot-shot executive from outside. Podcast Conversation: HelloFresh Is Investing $70 Million to Have AI Help Plan DinnerSee omnystudio.com/listener for privacy information.
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16:13
Trade Fallout Grows, Musk’s $30B Award, and Haggling With AI
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump said he would be “substantially raising” the tariff on Indian exports to the US over the Asian nation’s purchases of Russian oil, a move New Delhi slammed as unjustified in an escalating fight between the two major economies.(2) The Swiss government said it is determined to win over the US on trade after last week’s shock announcement of 39% tariffs on exports to America.(3) Tesla approved an interim stock award worth about $30 billion for Chief Executive Officer Elon Musk, a massive payout meant to keep the billionaire’s attention on the automaker as a legal fight over a 2018 pay package drags on.(4) Texas Governor Greg Abbott ordered the arrest of Democratic lawmakers who left the state to block a controversial vote on new congressional maps.(5) Palantir reported a 48% increase in revenue for the second quarter to more than $1 billion, citing the “astonishing impact” of artificial intelligence technology on its business.(6) The UK government said it would begin detaining small-boat migrants “within days” to be sent back to France, as the two countries prepared to formalize a “one in, one out” treaty on Tuesday.Podcast Conversation: AI Flight Pricing Can Push Travelers to the Limit of Their Ability to PaySee omnystudio.com/listener for privacy information.
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14:53
Trump to Name New Fed Governor, OPEC+'s Cliffhanger, and BMW's EV Bid
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump said he will announce a new Federal Reserve governor and a new jobs data statistician in the coming days, two appointments that may shape his economic agenda amid anxiety over the trajectory of global growth.(2) US stock futures advanced as equity investors took some positives from increased expectations for Federal Reserve interest-rate cuts following Friday’s weak US payrolls data.(3) As US President Donald Trump has ratcheted up his rhetoric against trading partners in Europe — corporates across the continent are taking notice.(4) BMW is staging a swift rollout of 40 new or updated models, including the iX3, which will share slick software, high-performance computers, and radically different design cues.(5) OPEC+ closed a two-year chapter in its oil strategy on Sunday with the last in a series of bumper oil production increases. But it left crude traders with a cliffhanger.(6) Texas Democratic lawmakers said they left the state in an effort to temporarily block Republicans from redrawing its congressional maps — a redistricting initiative pushed by President Donald Trump. Podcast Conversation: Healthy Lifestyle Choices Slow Brain Aging: Lisa JarvisSee omnystudio.com/listener for privacy information.
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