US Shutdown Nears End, BBC Chiefs Forced Out, Last Solo Broker Standing
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The US Senate took a major step toward re-opening the government after a group of moderate Democrats broke with their party leaders and voted to support a deal to end the record-breaking shutdown.(2) British Broadcasting Corp. Director-General Tim Davie is resigning from the UK national broadcaster amid allegations it misled viewers by editing President Donald Trump’s remarks in a Panorama documentary last year.(3) More than a quarter of large UK businesses expect to cut jobs within the next year due to the impact of artificial intelligence. That's according to a CIPD survey of more than 2,000 employers, showing 62% of them believe junior managerial or administrative roles are most likely to be lost due to AI.(4) No matter which way the S&P 500 Index goes after a tumultuous month, options volatility looks to be headed higher. The benchmark snapped a three-week run of gains, pushing for a time on Friday the Cboe Volatility Index well above 20, a sign of growing market stress.(5) The odds of extreme cold this winter in the US, Asia and parts of Europe are climbing, threatening to boost energy bills for consumers already grappling with high costs and economic uncertainty.Podcast Conversation: Young Supercar Collectors Don't Fear Risking Their InvestmentsSee omnystudio.com/listener for privacy information.
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Daybreak Weekend: Disney Earnings, Portugal Web Summit, China Singles’ Day
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to earnings from Walt Disney and Paramount-Skydance. In the UK – a look ahead to Portugal’s Web Summit. In Asia – a look ahead to China Singles’ day. See omnystudio.com/listener for privacy information.
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Musk's $1 Trillion Pay Deal, No AI Bailout Says Altman, Private Schools Chase Cash
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Tesla shareholders have approved a $1 trillion compensation package for Chief Executive Officer Elon Musk, the largest payout ever awarded to a corporate leader.(2) OpenAI CEO Sam Altman pushed back at the idea that the company would seek federal guarantees to reduce the risk of its AI infrastructure spending spree.(3) Hungary's Prime Minister Viktor Orban visits the White House later today, hoping his friendship with Donald Trump can spare his country from US sanctions on Russian oil.(4) The Bank of England has warned that Chancellor Rachel Reeves will deliver her budget amid weak investment, rising unemployment, and slowing growth.(5) Comcast is in talks to acquire ITV's media and entertainment unit in a deal that would dramatically shake up the UK broadcasting landscape.(6) Goldman Sachs is promoting the smallest proportion of women to managing director since Chief Executive Officer David Solomon took the top job in 2018.Podcast Conversation: Foreign-Language Oscar Contenders Find a Home at the MultiplexSee omnystudio.com/listener for privacy information.
The EU's Economy and Productivity Commissioner Valdis Dombrovskis discusses efforts to tap frozen Russian assets to support Ukraine, talks with China over rare earths and pressure over Europe's ESG rules. He spoke to Bloomberg's Stephen Carroll in Brussels.See omnystudio.com/listener for privacy information.
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BOE Set To Hold Rates, US Court Questions Tariffs, EU Rethinks ESG Rules
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The Bank of England will likely keep interest rates unchanged today at 4% in what is expected to be a closely contested decision. (2) The UK's biggest business lobby has warned Rachel Reeves against hitting companies with a series of smaller tax rises, saying she should "prioritize long-term prosperity over short-term thinking."(3) The US Supreme Court appeared skeptical of President Donald Trump’s sweeping global tariffs, as key justices suggested he had overstepped his authority with his signature economic policy.(4) European economy commissioner Valdis Dombrovskis has signalled that the EU is willing to accommodate international concerns about its ESG rules, as the bloc fields threats from the US and Qatar.(5) Nvidia's CEO Jensen Huang has warned that China will beat the US in the artificial intelligence race in part due to lower energy costs and looser regulations, he told the Financial Times. (6) The US plans to cut domestic flight capacity by 10% at 40 major airports across the country if the government shutdown continues.Podcast Conversation: JPMorgan’s Billionaire Clients Want Sports Teams More Than Fine ArtSee omnystudio.com/listener for privacy information.
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