China Says U.S. Should Revoke Tariffs; Trump Approval Rating DropsOn today's podcast: 
1) China demanded that the US revoke all unilateral tariffs and said there were no talks on reaching a trade deal, maintaining a a tough stance despite President Donald Trump’s easing of criticism of the country
2) The Trump administration is considering whether to reduce certain tariffs targeting the auto industry that carmaker executives have warned would deal a severe blow to profits and jobs. 
3) The New York Times is reporting President Trump’s approval rating has sunk to about 45 percent, down from 52 percent one week after he took office.

China Says U.S. Should Revoke Tariffs; Trump Approval Rating DropsOn today's podcast: 1) China demanded that the US revoke all unilateral tariffs and said there were no talks on reaching a trade deal, maintaining a a tough stance despite President Donald Trump&rsquo;s easing of criticism of the country 2) The Trump administration is considering whether to reduce certain tariffs targeting the auto industry that carmaker executives have warned would deal a severe blow to profits and jobs. 3) The New York Times is reporting President Trump&rsquo;s approval rating has sunk to about 45 percent, down from 52 percent one week after he took office.

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

China Says U.S. Should Revoke Tariffs; Trump Approval Rating Drops

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fcba0a17-b20d-4d66-a814-b2c9009cd183/transcript

Bloomberg Daybreak Weekend with Host Nathan Hager 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 a focus on 3 stocks for the week ahead.
In the UK – a look ahead to state elections in eastern Germany.
In Asia – a look ahead to South Korea inflation data.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
<ul>
<li>In the US &ndash; a look ahead to the August jobs report and a focus on 3 stocks for the week ahead.</li>
<li>In the UK &ndash; a look ahead to state elections in eastern Germany.</li>
<li>In Asia &ndash; a look ahead to South Korea inflation data.</li>
</ul>

Daybreak Weekend: US Jobs, Germany Elections, South Korea Inflation

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a27a9d2a-5bf8-407d-b04d-b4b4013893aa/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Traders are looking for clarity on Federal Reserve Chair Kevin Warsh's economic outlook and strategy for bringing inflation back to target ahead of his address at Jackson Hole. Warsh’s address is shaping up as a crucial moment for markets as doubts about his commitment to taming inflation have helped push up long-term yields. The speech will be more significant for the foreign-exchange, gold and bond markets than for equities, according to Ulrich Urbahn, head of multi-asset strategy and research at Berenberg.
2) Iran's top diplomat said resuming diplomacy with the US "isn't impossible" after "creative discussions" with Qatar. Foreign Minister Abbas Araghchi said progress "hinges on U.S. understanding of one simple fact: pressure doesn’t work" and called on Washington to build trust and uphold its commitments. The US remains hawkish in its public comments, with President Trump signaling he will not lift a blockade of Iranian ports just to restart talks.
3) Nepal will need at least “a few billion dollars” to recover from the devastation caused by flash floods, according to Finance Minister Swarnim Wagle. At least 469 people have been confirmed dead and more than 1,500 people are missing across Nepal and China after flash floods wiped out bridges, roads and entire settlements. Multilateral institutions including World Bank and Asian Development Bank have committed funds for humanitarian needs, while neighboring countries including India and China have provided supplies and financial assistance.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Traders are looking for clarity on Federal Reserve Chair Kevin Warsh's economic outlook and strategy for bringing inflation back to target ahead of his address at Jackson Hole. Warsh&rsquo;s address is shaping up as a crucial moment for markets as doubts about his commitment to taming inflation have helped push up long-term yields. The speech will be more significant for the foreign-exchange, gold and bond markets than for equities, according to Ulrich Urbahn, head of multi-asset strategy and research at Berenberg. 2) Iran's top diplomat said resuming diplomacy with the US "isn't impossible" after "creative discussions" with Qatar. Foreign Minister Abbas Araghchi said progress "hinges on U.S. understanding of one simple fact: pressure doesn&rsquo;t work" and called on Washington to build trust and uphold its commitments. The US remains hawkish in its public comments, with President Trump signaling he will not lift a blockade of Iranian ports just to restart talks. 3) Nepal will need at least &ldquo;a few billion dollars&rdquo; to recover from the devastation caused by flash floods, according to Finance Minister Swarnim Wagle. At least 469 people have been confirmed dead and more than 1,500 people are missing across Nepal and China after flash floods wiped out bridges, roads and entire settlements. Multilateral institutions including World Bank and Asian Development Bank have committed funds for humanitarian needs, while neighboring countries including India and China have provided supplies and financial assistance.

Warsh At Jackson Hole; Iran Says Diplomacy Not Impossible

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8c89a9e6-9770-42ee-b3a8-b4b400a1c36a/transcript

On today's podcast:
1) Nvidia gave a bullish sales outlook for fiscal 2028, with Chief Financial Officer Colette Kress saying the company expects to grow revenue by approximately 70% in fiscal 2028. The company's second-quarter earnings report showed revenue of $96.2 billion, with profit of $2.22 a share, excluding certain items, and its data center division had revenue of $89 billion. Nvidia warned that margins would narrow in the coming months due to a surge in memory costs, but expects the measure to settle down to 72% to 73% in fiscal 2028 as the company increases its own prices.
2) Central bankers gathering in Jackson Hole, Wyoming will emphasize a global rethink on inflation and the prospect of higher borrowing costs in the face of new threats. Faced with upward price pressures from the Iran war, the artificial intelligence investment boom and extreme weather, some central banks have already raised rates, with more expected to follow suit. Investors are increasingly jumpy over how the latest inflationary forces will combine with rising debt levels, and will be keen to hear from Fed Chairman Kevin Warsh, who has so far avoided a firm stance on tackling prices.
3) Federal Reserve Governor Lisa Cook denied unproven mortgage fraud allegations repeated by President Trump. Cook's attorney Abbe Lowell called the allegations "unfounded and untrue" in a letter sent to the White House, stating that Cook has never committed mortgage fraud or any intentional wrongdoing. The White House did not have an immediate comment on Cook's letter, which comes after Trump narrowly lost his initial bid at the Supreme Court to oust Cook.

On today's podcast: 1) Nvidia gave a bullish sales outlook for fiscal 2028, with Chief Financial Officer Colette Kress saying the company expects to grow revenue by approximately 70% in fiscal 2028. The company's second-quarter earnings report showed revenue of $96.2 billion, with profit of $2.22 a share, excluding certain items, and its data center division had revenue of $89 billion. Nvidia warned that margins would narrow in the coming months due to a surge in memory costs, but expects the measure to settle down to 72% to 73% in fiscal 2028 as the company increases its own prices. 2) Central bankers gathering in Jackson Hole, Wyoming will emphasize a global rethink on inflation and the prospect of higher borrowing costs in the face of new threats. Faced with upward price pressures from the Iran war, the artificial intelligence investment boom and extreme weather, some central banks have already raised rates, with more expected to follow suit. Investors are increasingly jumpy over how the latest inflationary forces will combine with rising debt levels, and will be keen to hear from Fed Chairman Kevin Warsh, who has so far avoided a firm stance on tackling prices. 3) Federal Reserve Governor Lisa Cook denied unproven mortgage fraud allegations repeated by President Trump. Cook's attorney Abbe Lowell called the allegations "unfounded and untrue" in a letter sent to the White House, stating that Cook has never committed mortgage fraud or any intentional wrongdoing. The White House did not have an immediate comment on Cook's letter, which comes after Trump narrowly lost his initial bid at the Supreme Court to oust Cook.

Nvidia's Blowout Quarter; Investors Gauge Jackson Hole

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c99b7caa-4ea1-4bb4-9b45-b4b3009fd343/transcript

China Says U.S. Should Revoke Tariffs; Trump Approval Rating Drops

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