Your morning briefing. The news you need in just 15 minutes.
On today's podcast:
(1) First Republic gets $30 billion backing from eleven US banks.
(2) Sources tell Bloomberg that Credit Suisse and UBS are opposed to a forced combination.
(3) The ECB's Lagarde sticks to the planned 50 basis-point rate hike, but offers no forward guidance.
(4) Half of the Fed's QT shrinkage reversed in a week by discount window usage.

Strait Shutdown Oil Shock, Big Tech’s Big Job Cuts, Italy’s Stock Buying Fear
21:32

Oil Back Above $100, Tesla’s $25B Robot Bet, Drugs Kept From Europe
18:02

Indefinite Truce Extension, Europe’s Energy Pain, Audi Loses China Edge
21:05