Daybreak Weekend: Nvidia Preview, Poland Election, BOK Decision
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 – a look ahead to GDP and personal spending data, and Nvidia earnings. In the UK – a look ahead to Poland's Presidential run off election. In Asia – a look ahead to the upcoming Bank of Korea decision. See omnystudio.com/listener for privacy information.
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38:35
US Debt Concern After Tax Bill's Passage; President Trump's Harvard Fight
On today's podcast: 1) President Trump's tax cut bill heads to the Senate, but it may have to satisfy bond markets first. Bonds and the dollar rose, with 30-year yields falling after approaching levels last seen in 2007, as investors worried about the US's surging debt load and fiscal concerns. 2) The White House ramps up its fight with Harvard, blocking foreign students from enrolling. The Trump administration has revoked Harvard University's ability to enroll international students, making up about 27% of the student body, citing the university's failure to condemn antisemitism. The move is seen as a direct attack on Harvard's revenue source, tuition, and may prompt the university to seek a temporary restraining order to block the ban. 3) A new survey says U-S businesses will be hardest hit by President Trump's tariffs. US businesses are the most worried about the impact of President Donald Trump’s shifting tariff policies on their revenues, with more than half projecting a hit of at least 25% to their revenue, according to a survey by HSBC Holdings Plc.See omnystudio.com/listener for privacy information.
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17:07
Two Israeli Embassy Staffers Killed in Washington; Republican Tax Bill Vote
On today's podcast: 1) Two members of the Israeli embassy’s staff were fatally shot outside the Capital Jewish Museum in Washington on Wednesday night, Homeland Security Secretary Kristi Noem said.2) House Republican leaders released a new version of President Donald Trump’s massive tax and spending bill with a higher limit on the deduction for state and local taxes and other changes in a bid to win over warring GOP factions to support the legislation.3) JPMorgan Chase & Co. chief Jamie Dimon can’t rule out the US economy will fall into stagflation as the country faces huge risks from geopolitics, deficits and price pressures.See omnystudio.com/listener for privacy information.
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16:45
Oil Rises on Report Israel May Strike Iran; Justice Department Opens Probe of Andrew Cuomo
On today's podcast: 1) Oil rose after CNN reported that new US intelligence suggested Israel could be gearing up for a possible strike on Iran’s nuclear facilities. The dollar, US stock futures and Treasuries retreated.2) Andrew Cuomo, who’s running to be mayor of New York City, hit out at the Trump administration following a New York Times report that the Justice Department has opened a criminal investigation over testimony he gave relating to his actions during the Coronavirus pandemic.3) Elon Musk said he’s committed to still leading Tesla Inc. five years from now and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company.See omnystudio.com/listener for privacy information.
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26:39
Trump-Putin High Stakes Call Reaction; Trump's Push for Tax Bill
On today's podcast: 1) Eleven days ago, European leaders took heart when President Donald Trump called for a 30-day ceasefire in Ukraine and threatened new sanctions on Russia. A telephone call with Vladimir Putin on Monday revealed those hopes were misplaced. 2) President Donald Trump plans to go to the Capitol on Tuesday to urge fractious House Republicans to overcome divisions and unite behind his signature tax-cut legislation. 3) Tackling the widening US fiscal deficit is a bigger issue than tariffs, which are likely to fade from view by the time of the midterm elections in Congress next year, according to Carlyle Group Inc. co-founder David Rubenstein.See omnystudio.com/listener for privacy information.
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