Bloomberg Daybreak: US Edition

1) 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 shoe print. He bolted across a patch of grass, cut through a parking lot and vanished into the trees. 2) President Donald Trump said he intends to attend the funeral for conservative activist Charlie Kirk, who was...

On today's podcast: 1) A search is underway for the killer of Charlie Kirk, a conservative activist who was fatally shot at a Utah university. Kirk was speaking at an outdoor event at Utah Valley University when a single shot was fired from a nearby building, according to local police, with Governor Spencer Cox describing it as a “political assassination.” The shooting drew an outpouri...

Charlie Kirk, who helped rally young voters to Republican causes and became a close ally of President Donald Trump, died after being shot during an event in Utah. Kirk, executive director of the conservative Turning Point USA advocacy group, was speaking at an outdoor event at Utah Valley University when the fatal incident occurred.   For instant reaction and analysis, Bloomberg Balance of Po...

On today's podcast: 1) A judge temporarily blocked President Trump from removing Federal Reserve Governor Lisa Cook, allowing her to remain on the job as she challenges the president’s efforts to oust her over allegations she committed mortgage fraud. 2) President Trump criticizes Israel after its bombing of Hamas leaders in the Gulf. Israel's strike on Qatar's capital delivered a major blow...

US job growth was far less robust in the year through March than previously reported, adding to mounting pressure on the Federal Reserve to lower interest rates. The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tuesday. The final figures are due early next year. Before the report, the...

On today's podcast: 1) President Trump started his immigration crackdown in Chicago, with federal agents stepping up enforcement in an escalating campaign against Democratic-run cities. The Department of Homeland Security said Operation Midway Blitz targets “criminal illegal aliens” and blamed Illinois Governor JB Pritzker for sanctuary policies that it said help shield lawbreakers. 2)...

On today's podcast: 1) The European Union is exploring new sanctions on about half a dozen Russian banks and energy companies as part of its latest round of measures to pressure President Vladimir Putin to end the war against Ukraine. The package, which would be the bloc’s 19th since Moscow’s full-scale invasion in 2022, could also see the EU target Russia’s payment and credit ca...

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 CPI and PPI data and Apple’s September 9th In the UK – on global defence industry gathering in London for the UK's flagship sector event. In Asia – a look ahead to China August CPI and PPI data. - Stuart Paul, US Economist with...

On today’s podcast: 1) President Trump teases new semiconductor tariffs at a White House dinner surrounded by tech titans. Mark Zuckerberg and Tim Cook joined other tech industry leaders in touting their pledges to boost spending in the US on artificial intelligence during a dinner hosted by President Trump. The president has secured billions in corporate commitments to drive construction of...

On today's podcast: 1) President Trump asks the Supreme Court to uphold his global tariff regime. A defeat for Trump would cut the current average US effective tariff rate by at least half and could force the US to refund tens of billions of dollars, according to Bloomberg Economics analyst Chris Kennedy. 2) A major court victory for Harvard University in its fight for federal research funds. A co...

On today's podcast: 1) President Donald Trump took aim at Chinese leader Xi Jinping as he hosted foreign leaders at a major military parade in Beijing, a reminder of the lingering tensions between the two sides over trade, tech and other issues.“Please give my warmest regards to Vladimir Putin, and Kim Jong Un, as you conspire against The United States of America,” Trump said on his Tr...

Alphabet’s Google will have to share some of its search data with competitors, but will not have to sell its popular Chrome web browser, a federal judge ruled Tuesday in the Justice Department’s landmark antitrust case against the search engine. The ruling allows Google to avoid one of the most severe remedy requests from the US government after the court found the company had an illeg...

On today's podcast: 1) A federal appeals court ruled that President Donald Trump exceeded his authority by imposing global tariffs through an emergency law, but let the levies stay in place while the case proceeds. The decision extends the suspense over whether Trump's tariffs will ultimately stand, with the administration potentially turning to the Supreme Court for a final ruling or letting the...

On this special Labor Day edition of Bloomberg Daybreak US, host Nathan Hager speaks with: 1) Sarah House, Wells Fargo senior economist and Jennifer Lee, Senior Economist at BMO Capital Market on the upcoming meeting of the Federal Reserve and Fed independence.  2) Lori Calvasina, head of US equity strategy, RBC Capital Markets and Brian Levit, Global Market Strategist at Invesco on what to e...

Most of President Donald Trump’s global tariffs were ruled illegal by a federal appeals court that found he exceeded his authority in imposing them, but the judges let the levies stay in place while the case is subject to further review. The US Court of Appeals for the Federal Circuit on Friday upheld an earlier ruling by the Court of International Trade that Trump wrongfully invoked an emer...

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 August jobs report and earnings from Salesforce In the UK – a look at the future of Europe's banking industry In Asia – a look at how China is stepping up the technology battle with the US See omnystudio.com/listener for privacy i...

On today's podcast: 1) A leading candidate to replace Jay Powell as Fed Chair sees a quarter point rate cut in September. Federal Reserve Governor Christopher Waller called for lower interest rates, saying he would support a reduction in September. Waller anticipates additional cuts over the next three to six months, with the pace driven by incoming data. Waller said the chances of an undesirable...

On today's podcast: 1) Nvidia shares drop after the chip giant signals a slowdown in A-I spending. Meanwhile, markets shrug off the Nvidia disappointment and trade near record highs. Stocks shook off an initial drag from Nvidia Corp.’s sales outlook missing lofty expectations, indicating that momentum behind the record-breaking rally remains intact. The yield on 30-year Treasuries fell four...

On today's podcast: 1) The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to people familiar with the matter. 2) SpaceX’s Starship rocket launched to space and deployed satellites for the first time before surviving most of i...

On today's podcast: 1) President Trump moves to fire Lisa Cook, but the Fed Governor says she's not going anywhere. It follows allegations that she falsified mortgage documents, citing "sufficient cause" to fire her. Cook said Trump has no authority to fire her, and she won't quit, with her lawyer planning to take "whatever actions are needed to prevent" Trump's "illegal action." 2) The president...

President Donald Trump moved to oust Federal Reserve Governor Lisa Cook from her post at the US central bank in the wake of allegations from a White House ally that she falsified documents on mortgage applications. “The American people must be able to have full confidence in the honesty of the members entrusted with setting policy and overseeing the Federal Reserve,” Trump wrote in a l...

On today's podcast: 1) The Federal Reserve's Jackson Hole symposium was a tense affair, with Chair Jerome Powell signaling an interest-rate cut as soon as the next policy meeting in September, despite clear divisions among policymakers. 2) Traders are breathing easier heading into this week after Federal Reserve Chair Jerome Powell indicated that interest rate cuts are coming. The next test for th...

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 personal spending data and earnings from Nvidia. In the UK – a look at the upcoming Medef Conference. In Asia – a look at the next Bank of Korea decision and the HK IPO market.   See omnystudio.com/listener for privacy informatio...

Bloomberg's Tom Keene, Lisa Abramowicz and Michael McKee discuss remarks from Fed Chair Jay Powell following his speech at the Jackson Hole Symposium on a special edition of Bloomberg Surveillance. They speak with: Jim Bullard, Former St. Louis Fed President Kate Moore, Citi Wealth CIO Rich Clarida, Former Fed Vice Chair Federal Reserve Chair Jerome Powell carefully opened the door to an interest-...

On today's podcast: 1) US stocks are set to extend this week’s string of losses as investors stay risk-averse ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole address, with markets scaling back bets on imminent rate cuts. 2) Meta Platforms Inc. is hiring another key Apple Inc. artificial intelligence executive, even as the social networking company prepares to slow its recru...