Marker 01

Your morning briefing. The news you need in just 15 minutes. 
On today's podcast:

1) Moody’s Cuts US Banks on Mounting Funding Costs, Office Exposure

2) Italian Banks Slump After Government Introduces Windfall Tax

3) Apple Tests New Mac Chip That Will Run Most Powerful Laptop Yet 

Your morning briefing. The news you need in just 15 minutes. On today's podcast:
1) Moody’s Cuts US Banks on Mounting Funding Costs, Office Exposure
2) Italian Banks Slump After Government Introduces Windfall Tax
3) Apple Tests New Mac Chip That Will Run Most Powerful Laptop Yet

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.

Bloomberg Daybreak: US Edition

Global Banks Under Pressure; Apple Work on New Tech

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c1543838-8231-4d96-a5e8-b058009addb7/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump said he foresaw ending the war on Iran within two to three weeks, suggesting the US had largely accomplished its military goals and would leave it to other nations to resolve issues with the Strait of Hormuz. Trump indicated that it was possible that Iran could still reach a deal with the US during that timeframe but said an agreement with Tehran was not necessary for the war to end. Trump added the US would leave when Iran was not able to obtain nuclear weapons and claimed the regime now in power was better than the leadership before the war.
2) Oil tumbled after President Trump again signaled a potential end to the Iran war. Brent crude fell below $100 a barrel, while West Texas Intermediate was around $97. Trump told reporters that the US could leave Iran within two to three weeks, and indicated an agreement with Tehran may be reached but wasn’t necessary for the conflict to end. The president will give an address to the nation at 9 p.m. Eastern time on Wednesday to provide an update, White House Press Secretary Karoline Leavitt said. Trump has regularly vacillated between saying an Iran deal is imminent and warning he’s prepared to ramp up military operations.
3) The Supreme Court is set to hear arguments on President Trump's assertion that the 14th Amendment's citizenship provision was designed to cover only the children of freed slaves, amid his executive order to block citizenship for children of undocumented immigrants and temporary visitors. Trump will attend the oral arguments at 10am ET on Wednesday, according to his official schedule from the White House. Critics say Trump is seeking to rewrite the 14th Amendment, which promises citizenship to "all persons" born in the US and "subject to the jurisdiction thereof", a provision many scholars and public officials say is straightforward in its breadth.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President&nbsp;Trump&nbsp;said he foresaw ending the war on Iran within two to three weeks, suggesting the US had largely accomplished its military goals and would leave it to other nations to resolve issues with the Strait of Hormuz. Trump indicated that it was possible that Iran could still reach a deal with the US during that timeframe but said an agreement with Tehran was not necessary for the war to end. Trump added the US would leave when Iran was not able to obtain nuclear weapons and claimed the regime now in power was better than the leadership before the war. 2) Oil tumbled after President Trump again signaled a potential end to the Iran war. Brent crude fell below $100 a barrel, while West Texas Intermediate was around $97. Trump told reporters that the US could leave Iran within two to three weeks, and indicated an agreement with Tehran may be reached but wasn&rsquo;t necessary for the conflict to end. The president will give an address to the nation at 9 p.m. Eastern time on Wednesday to provide an update, White House Press Secretary Karoline Leavitt said. Trump has regularly vacillated between saying an Iran deal is imminent and warning he&rsquo;s prepared to ramp up military operations. 3) The Supreme Court is set to hear arguments on President Trump's assertion that the 14th Amendment's citizenship provision was designed to cover only the children of freed slaves, amid his executive order to block citizenship for children of undocumented immigrants and temporary visitors. Trump will attend the oral arguments at 10am ET on Wednesday, according to his official schedule from the White House. Critics say Trump is seeking to rewrite the 14th Amendment, which promises citizenship to "all persons" born in the US and "subject to the jurisdiction thereof", a provision many scholars and public officials say is straightforward in its breadth.

Trump: War To End Within 2-3 Weeks; Birthright Citizenship Hearing

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0122484c-b478-4796-86c8-b41f00a08f48/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran hit a fully laden Kuwaiti oil tanker off Dubai in a drone attack, a sign it’s willing to escalate strikes on energy sites and infrastructure as the war drags on. Despite the attack, crude prices were steady in early trading, with US benchmark prices trading at about a $102 a barrel. That was partly because of a report in the Wall Street Journal saying US President Donald Trump is willing to wind down hostilities and pressure Tehran diplomatically to reopen the Strait of Hormuz.
2) US gasoline climbed above an average of $4 a gallon for the first time since August 2022, one of the most visible measures of consumer pain in the world’s largest economy resulting from the war in Iran. The nationwide average retail price for regular unleaded gas rose to $4.018 a gallon on Monday, according to the American Automobile Association. Prices have surged by more than $1 since the start of the war, up from $2.98 on the day before the US and Israel launched attacks against Tehran.
3) Unilever Plc said talks to sell most of its food business to McCormick & Co. are advanced and a final deal could be announced later on Tuesday in a historic move that will transform both companies. The Anglo-Dutch maker of Hellmann’s mayonnaise will offload most of its food unit, excluding some parts like its operations in India, for $15.7 billion cash upfront and the rest in McCormick equity, according to a statement Tuesday.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran hit a fully laden Kuwaiti oil tanker off Dubai in a drone attack, a sign it&rsquo;s willing to escalate strikes on energy sites and infrastructure as the war drags on. Despite the attack, crude prices were steady in early trading, with US benchmark prices trading at about a $102 a barrel. That was partly because of a report in the Wall Street Journal saying US President Donald Trump is willing to wind down hostilities and pressure Tehran diplomatically to reopen the Strait of Hormuz. 2) US gasoline climbed above an average of $4 a gallon for the first time since August 2022, one of the most visible measures of consumer pain in the world&rsquo;s largest economy resulting from the war in Iran. The nationwide average retail price for regular unleaded gas rose to $4.018 a gallon on Monday, according to the American Automobile Association. Prices have surged by more than $1 since the start of the war, up from $2.98 on the day before the US and Israel launched attacks against Tehran. 3) Unilever Plc said talks to sell most of its food business to McCormick &amp; Co. are advanced and a final deal could be announced later on Tuesday in a historic move that will transform both companies. The Anglo-Dutch maker of Hellmann&rsquo;s mayonnaise will offload most of its food unit, excluding some parts like its operations in India, for $15.7 billion cash upfront and the rest in McCormick equity, according to a statement Tuesday.

Trump Reportedly Weighs War Exit; US Fuel Prices Soar

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/424ef313-329b-4be6-ad0f-b41e009c818e/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) US and Israeli forces pressed ahead with attacks on Iran while the Islamic Republic launched missiles across the Persian Gulf, sending oil prices higher once again amid no sign of an imminent peace deal. The Israeli military said on Monday that it’s carrying out airstrikes on Iranian military targets a day after attacks resulted in power outages in the capital, Tehran, and nearby areas. The United Arab Emirates issued multiple alerts overnight and Saudi Arabia and Kuwait reported strikes.
2) Treasuries firmed, supporting US stocks, as fears that the war in the Middle East will trigger a sharp economic slowdown prompted traders to dial back bets on higher interest rates. Brent hit $116 a barrel.
3) The Trump administration is planning to let a Russian oil tanker dock in Cuba, alleviating an energy crisis triggered when the US prohibited deliveries to the Communist regime.The shipment of crude is expected to be allowed to arrive in coming days, according to two people familiar with the matter, who asked not to be identified without permission to speak publicly.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) US and Israeli forces pressed ahead with attacks on Iran while the Islamic Republic launched missiles across the Persian Gulf, sending oil prices higher once again amid no sign of an imminent peace deal. The Israeli military said on Monday that it&rsquo;s carrying out airstrikes on Iranian military targets a day after attacks resulted in power outages in the capital, Tehran, and nearby areas. The United Arab Emirates issued multiple alerts overnight and Saudi Arabia and Kuwait reported strikes. 2) Treasuries firmed, supporting US stocks, as fears that the war in the Middle East will trigger a sharp economic slowdown prompted traders to dial back bets on higher interest rates. Brent hit $116 a barrel. 3) The Trump administration is planning to let a Russian oil tanker dock in Cuba, alleviating an energy crisis triggered when the US prohibited deliveries to the Communist regime.The shipment of crude is expected to be allowed to arrive in coming days, according to two people familiar with the matter, who asked not to be identified without permission to speak publicly.

No End of War in Sight; Oil Hits $116 a Barrel

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/407d060c-948a-491f-bf8c-b41d009b85b5/transcript

Global Banks Under Pressure; Apple Work on New Tech

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