Economic Optimism, Zelenskiy Woos Allies & Sunak Rebellion Grows
01/17/24 • 21 min
Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Confidence in the resilience of the global economy is cheering up the Davos crowd against a backdrop of war and prospective political upheaval in the year ahead.
(2) Data released Wednesday presented a mixed bag for China's economy, which hit an official growth target for the year but has failed to shake off several of the problems most persistently weighing on domestic demand and confidence.
(3) Federal Reserve Governor Christopher Waller says the US central bank should take a cautious and systematic approach when it begins cutting interest rates, a process that can start this year absent a rebound in inflation.
(4) Rishi Sunak suffered a major setback as a right-wing politician whom he made deputy chairman of the governing Conservative Party to boost support ahead of a looming UK general election resigned over the prime minister's refusal to toughen his signature anti-immigration bill.
(5) Zelenskiy turns on Davos charm with humor, handshakes and hugs. The Ukrainian president spent 24 hours pitching the Wall Street elite for investment and patching up ties with old allies as part of a push to shore up the faltering war effort.
See omnystudio.com/listener for privacy information.
Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Confidence in the resilience of the global economy is cheering up the Davos crowd against a backdrop of war and prospective political upheaval in the year ahead.
(2) Data released Wednesday presented a mixed bag for China's economy, which hit an official growth target for the year but has failed to shake off several of the problems most persistently weighing on domestic demand and confidence.
(3) Federal Reserve Governor Christopher Waller says the US central bank should take a cautious and systematic approach when it begins cutting interest rates, a process that can start this year absent a rebound in inflation.
(4) Rishi Sunak suffered a major setback as a right-wing politician whom he made deputy chairman of the governing Conservative Party to boost support ahead of a looming UK general election resigned over the prime minister's refusal to toughen his signature anti-immigration bill.
(5) Zelenskiy turns on Davos charm with humor, handshakes and hugs. The Ukrainian president spent 24 hours pitching the Wall Street elite for investment and patching up ties with old allies as part of a push to shore up the faltering war effort.
See omnystudio.com/listener for privacy information.
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Trump Takes Iowa, US Merchant Ship Hit & A £200 Billion Avalanche
Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Donald Trump tightened his grip on the Republican presidential nomination after Iowa voters delivered him a victory in Monday's caucuses and moved him one step closer to returning to the White House.
(2) Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world's most important trade artery remains too risky for navigation.
(3) Easing pressure from food and energy bills will help drive UK inflation down to 1.5% in May, well under the Bank of England's target, according to ING.
(4) Elon Musk said he would rather build AI products outside of Tesla if he doesn't have 25% voting control, suggesting the billionaire may prefer a bigger stake in the world's most valuable electric vehicle maker.
(5) British pension funds, which sold so many bonds two years ago the Bank of England was forced to intervene, are gearing up to flood the market with billions of pounds of private assets.
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Next Episode
Pakistan Strikes Iran, Apple's Bad Day & Sunak Survives Vote
On today's podcast:
(1) The Pakistani military carried out targeted strikes against militant hideouts in Iran after Tehran launched similar attacks the day before, in an escalation of tensions.
(2) The US launched another round of strikes on Yemen's Houthis overnight as the Iran-backed militant group continues to roil global shipping markets with attacks around the Red Sea.
(3) Apple was slighted by Netflix, which said it's not bothering to make an app for the Vision Pro just weeks ahead of the headset's debut. The company was also forced to sell watches without its blood oxygen feature starting today. And it may also face a DOJ antitrust lawsuit as early as March.
(4) Rishi Sunak's plan to deport asylum seekers survived a key vote after most rebels fell in line, but the saga further dented his authority before a general election later this year.
(5) Britain's biggest banks have a new problem on the horizon: car loans. The Financial Conduct Authority has reached out around a dozen banks about their auto lending practices, according to people familiar with the matter.
See omnystudio.com/listener for privacy information.
Bloomberg Daybreak: Europe Edition - Economic Optimism, Zelenskiy Woos Allies & Sunak Rebellion Grows
Transcript
Good morning. It's Wednesday, the seventeenth of January here in London. This is the Bloomberg Daybreak you at podcast. I'm Caroline Hipkint and I'm Stephen Carroll. Coming up today, business leaders talk up the global economy as geopolitical tensions flair, the deputy chairman of Rishi Sunak's party quits amid Tory infighting over immigration policy. And we have a special report on the Ukrainian president's twenty four hour whirlwind effort to w
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