China Economy Slump, Starmer Pressure Builds, Pope Slams CEO Pay
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China’s economic activity slowed more than expected across the board in August, adding to the likelihood that policymakers will roll out more stimulus to hit the official growth goal. (2) US and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid, a senior Treasury official said, as diplomacy between the world’s two biggest economies intensifies. (3) The UK government defended its ill-fated decision to appoint Peter Mandelson as ambassador to Washington as pressure grows on Prime Minister Keir Starmer over his handling of the affair following the envoy’s ouster. (4) The first US interest rate cut since Donald Trump became president again is likely to seize the spotlight in a week that will determine policy settings for half of the world’s 10 most-traded currencies. (5) The Pope has singled out Elon Musk's wealth as part of a criticism of the widening pay gap between company bosses and the working class.Podcast Conversation: ‘The Pitt’ Wins Best Drama Emmy; ‘The Studio’ Scores Best ComedySee omnystudio.com/listener for privacy information.
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Daybreak Weekend: Fed Decision, Trump UK Visit, BOJ Policy
Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next Fed decision and earnings from FedEx. In the UK – a look ahead to President Trump’s visit to the UK. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan and what’s next after its ruling Liberal Democratic Party Shigeru Ishiba resigned. See omnystudio.com/listener for privacy information.
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SPECIAL REPORT: Inside the Scoop that Brought Down Mandelson
The UK's Prime Minister is facing growing questions over what he knew about Peter Mandelson's relationship with Jeffery Epstein when he appointed him as Ambassador to the US. Keir Starmer fired him after Bloomberg published a series of emails between Mandelson and the convicted paedophile.The departure comes at a difficult time for the British government as it prepares to host a state visit for US President Donald Trump who continues to face questions about his relationship with Epstein. In this Special episode of the Daybreak Europe podcast our finance reporter Harry Wilson takes us behind the scenes of the Bloomberg scoop. He tells us what the emails reveal alongside our political correspondent Ellen Milligan who will be covering President Trump's upcoming State Visit. Hosted by Stephen Carroll and Caroline HepkerSee omnystudio.com/listener for privacy information.
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) When Peter Mandelson was appointed the UK’s ambassador to the US in February, many in the British government predicted it would end in a scandal. Mandelson, a political operator once known as the “Prince of Darkness” for his capacity for political intrigue and spin, was fired by Prime Minister Keir Starmer on Thursday after Bloomberg published a series of emails between Mandelson and convicted pedophile Jeffrey Epstein, which cast new light on their relationship.(2) The suspect in the killing of Charlie Kirk slipped behind a building, braced himself on the roof and swung off the edge, hitting the ground hard and leaving behind palm smudges and a single shoe print. He bolted across a patch of grass, cut through a parking lot and vanished into the trees.(3) NATO is preparing a defensive military measures in response to the drone incursion in Poland to strengthen deterrence across the alliance’s eastern flank, according to a person familiar with the matter.(4) OpenAI said it’s closer to converting into a more traditional for-profit company — nearing the resolution of painful negotiations with top shareholder Microsoft Corp. and outlining terms of at least $100 billion in equity for its nonprofit arm.(5) European Central Bank policymakers are convinced that no further interest-rate cuts are needed to deliver 2% inflation, despite new economic projections pointing to an undershoot over the next two years, according to people familiar with their thinking.Podcast Conversation: Photo-Editing Tools May Be AI’s Killer App: Catherine ThorbeckeSee omnystudio.com/listener for privacy information.
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) A search is underway for the killer of Charlie Kirk, a conservative activist and close ally of President Donald Trump who was fatally shot Wednesday at a Utah university.(2) Poland has asked allies for additional air defense systems and counter-drone technology to better protect its land from Russian incursions, according to people familiar with the matter.(3) The CEO of Citigroup Jane Fraser says she's surprised by the resilience of the US economy amid a constantly evolving macroeconomic landscape. Speaking to Bloomberg, she said businesses now have more clarity on tax policy, tariffs, and deregulation.(4) Mexico plans to impose tariffs of as much as 50% on cars and other products made by China and several Asian exporters, aligning the country more closely with US protectionism as President Claudia Sheinbaum prepares for talks over North America’s free-trade deal.(5) Sebastien Lecornu took over as France’s prime minister pledging big changes as he tries to engage opposition parties in the herculean task of reining in the country’s debt amid hostility to budget cuts.Podcast Conversation: Larry Ellison’s $89 Billion One-Day Wealth Boom Shatters RecordsSee omnystudio.com/listener for privacy information.
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