276,000 UK Jobs Lost, Marines Deployed To LA, Europe's IPO Fight
On today's podcast: (1) UK employment plunged by the most in five years and wage growth slowed more than forecast, as the labor market deteriorated after Chancellor of the Exchequer Rachel Reeves ramped up the cost of hiring.(2) The Trump administration escalated its response to anti-deportation protests in Los Angeles with the mobilization of 700 Marines, deploying active-duty military on the ground and deepening tensions with California officials. (3) Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. (4) As fewer large companies opt to go public in Europe, the region’s stock exchanges are fighting harder to win the biggest listings. (5) Keir Starmer’s government said more than three-quarters of pensioners in England and Wales will receive cold weather fuel payments this winter, reversing the bulk of a cut to the benefit that many of his lawmakers blamed for the ruling Labour Party’s waning popularity. Podcast Conversation: Podcast Conversation: Best Restaurant in the UK Is in One of London’s Fanciest HotelsSee omnystudio.com/listener for privacy information.
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16:15
Marines Deployed To LA, US-China Talks Continue, Apple’s Big Revamp
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The Trump administration escalated its response to anti-deportation protests in Los Angeles with the mobilization of 700 Marines, deploying active-duty military on the ground and deepening tensions with California officials. (2) Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. (3) As fewer large companies opt to go public in Europe, the region’s stock exchanges are fighting harder to win the biggest listings. (4) Keir Starmer’s government said more than three-quarters of pensioners in England and Wales will receive cold weather fuel payments this winter, reversing the bulk of a cut to the benefit that many of his lawmakers blamed for the ruling Labour Party’s waning popularity. (5) Apple introduced a number of AI-powered features during the company’s Worldwide Developers Conference on Monday, even as long-awaited enhancements to its Siri voice assistant remain far off. (6) Barclays is preparing to cut more than 200 jobs in its investment bank in the coming days as part of Chief Executive Officer C.S. Venkatakrishnan’s plan to boost the profitability of the division. Podcast Conversation: Best Restaurant in the UK Is in One of London’s Fanciest HotelsSee omnystudio.com/listener for privacy information.
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16:06
National Guard LA Clashes, US-China London Talks, Banks Desk Shortage
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Tensions flared in Los Angeles on the third day of anti-deportation protests, as demonstrators clashed with law enforcement while President Donald Trump and California Governor Gavin Newsom exchanged blame over the unrest and responsibility for restoring order. (2) The US and China are set to resume trade negotiations in London on Monday in a bid to further defuse tensions over rare-earth minerals and advanced technology following a phone call between leaders Donald Trump and Xi Jinping last week. (3) Keir Starmer will make an appearance alongside Nvidia Corp co-founder Jensen Huang on Monday, as the British prime minister puts technology and artificial intelligence at the heart of his government’s plan to boost economic growth. (4) The UK’s finance industry kept its lead over the rest of Europe in attracting foreign investment last year, although activity across the region slowed, according to professional services firm EY. (5) European Central Bank Executive Board member Isabel Schnabel sees a favorable moment now to strengthen the euro’s global role as investors turn to Europe. Podcast Conversation: Monograms Wield Power in an Age of Resale and Superfakes: EssaySee omnystudio.com/listener for privacy information.
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17:13
Daybreak Weekend: US CPI, London Tech Summit, China Eco
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 U.S CPI and PPI data and Tesla’s Robotaxi launch. In the UK – a look ahead to London’s Tech Summit. In Asia – a look ahead to readings on Chinese exports, as well industrial production and retail sales. See omnystudio.com/listener for privacy information.
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38:45
Trump-Musk Public Meltdown, China-US Trade Talks, Tariffs Unravel Tweed
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Differences between US President Donald Trump and Elon Musk exploded Thursday into an all-out public feud. (2) Tesla’s shares sank as Elon Musk and President Donald Trump’s simmering feud devolved into a public war of words between two of the world’s most powerful people. (3) US President Donald Trump and Chinese President Xi Jinping on Thursday agreed to further trade talks aimed at resolving disputes over tariffs and supplies of rare earth minerals at the heart of tensions between the world’s two largest economies. (4) German Chancellor Friedrich Merz successfully navigated a 40-minute meeting with Donald Trump in the Oval Office without falling victim to the public humiliation the American president has doled out to other leaders — even though both Germany and Europe are two of Trump’s perpetual irritants. (5) Christine Lagarde just unveiled an outlook that may be as good it gets for the euro zone. (6) Zia Yusuf resigned as chairman of Reform UK after 11 months in the job, delivering a blow to its leader, Nigel Farage, who has promised to build and professionalize the insurgent party in a quest for power at the next general election. Podcast Conversation: A Mega Fun Run Becomes a Finance Bro Blood SportSee omnystudio.com/listener for privacy information.
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