On today's podcast:

 1) The carnage in financial markets unleashed by President Donald Trump’s tariffs is continuing unabated as equities get pummeled and US stock futures show that last week’s $5 trillion wipeout isn’t over.

2) President Donald Trump and his economic team dismissed investors’ fears of inflation and recession, offering no apologies for the market turmoil sparked by sweeping global tariffs and defiantly insisting a boom is on the horizon. 

3) Traders expect the Federal Reserve to slash interest rates another five times this year as the US administration’s trade tariffs ignite fears of a global recession.

On today's podcast:
&nbsp;1) The carnage in financial markets unleashed by President Donald Trump&rsquo;s tariffs is continuing unabated as equities get pummeled and US stock futures show that last week&rsquo;s $5 trillion wipeout isn&rsquo;t over.
2) President Donald Trump and his economic team dismissed investors&rsquo; fears of inflation and recession, offering no apologies for the market turmoil sparked by sweeping global tariffs and defiantly insisting a boom is on the horizon.&nbsp;
3) Traders expect the Federal Reserve to slash interest rates another five times this year as the US administration&rsquo;s trade tariffs ignite fears of a global recession.

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.

Global Market Meltdown Deepens; Trump Retains Tariff Stance

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6366f2f1-5b45-4d5f-824c-b2b8009fafee/transcript

Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) US negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead. The US and Iran are seeking to ease tensions and forge a longer-term peace deal after recent attacks imperiled an already fragile ceasefire. Progress is being made in separate technical talks, but major issues such as the release of Iranian assets and the future management of the Strait of Hormuz remain unresolved.

2) Progressive insurgents took down establishment incumbents in Colorado midterm primary elections last night. In the 1st District, 29-year-old democratic-socialist Melat Kiros unseated nearly 30-year Congresswoman Diana DeGette. In the closely-watched 8th District, the more progressive Democrat in that race, Manny Rutinel, beat Shannon Bird in a landslide. In the state's Democratic governor's race, state Attorney General Phil Weiser defeated Senator Michael Bennet. However, in Colorado's Senate primary, incumbent John Hickenlooper held off a challenge from self-described insurgent progressive Julie Gonzales.

3) The US government removed foreign access restrictions on Anthropic PBC's Fable 5 artificial intelligence model, clearing it for wider distribution. Anthropic had disabled its models and been in discussions with officials to satisfy safety concerns after the Commerce Department imposed an export control rule. The company will enable Fable 5 access to users globally and allow usage on cloud services run by Amazon, Google, and Microsoft, and will work with Washington to expand access to Mythos 5.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) US negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead. The US and Iran are seeking to ease tensions and forge a longer-term peace deal after recent attacks imperiled an already fragile ceasefire. Progress is being made in separate technical talks, but major issues such as the release of Iranian assets and the future management of the Strait of Hormuz remain unresolved.
2) Progressive insurgents took down establishment incumbents in Colorado midterm primary elections last night. In the 1st District, 29-year-old democratic-socialist Melat Kiros unseated nearly 30-year Congresswoman Diana DeGette. In the closely-watched 8th District, the more progressive Democrat in that race, Manny Rutinel, beat Shannon Bird in a landslide. In the state's Democratic governor's race, state Attorney General Phil Weiser defeated Senator Michael Bennet. However, in Colorado's Senate primary, incumbent John Hickenlooper held off a challenge from self-described insurgent progressive Julie Gonzales.
3) The US government removed foreign access restrictions on Anthropic PBC's Fable 5 artificial intelligence model, clearing it for wider distribution. Anthropic had disabled its models and been in discussions with officials to satisfy safety concerns after the Commerce Department imposed an export control rule. The company will enable Fable 5 access to users globally and allow usage on cloud services run by Amazon, Google, and Microsoft, and will work with Washington to expand access to Mythos 5.

US and Iran Talk in Doha; Trump's $1.4 Billion Crypto Haul

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6ed9a8ad-7225-47da-8db3-b47a009ef89c/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran reiterated its determination to control maritime traffic through the Strait of Hormuz, raising the stakes ahead of fresh talks in Qatar on formally ending its war with the US. Deputy Foreign Minister Kazem Gharibabadi said Iran wants to work out an agreement with Oman to oversee ships passing through Hormuz, but will move forward with its own plans if Oman is not interested. The US, Europe, and Gulf Arab nations are concerned about charges being imposed for the use of Hormuz, which would likely add to energy costs and risk creating a precedent for other countries.
2) President Trump refused to commit to signing a major bipartisan housing bill, saying it was “so unimportant” compared to a voting bill. Trump would make a decision on whether to sign the housing bill once he receives it, which has been formally transmitted to the White House. The bill would curb large institutional investors’ ownership of single-family homes, streamline rules around factory-built housing and encourage localities to remove barriers to construction.
3) The US Supreme Court has four big outstanding cases that will be decided today. They include one which challenges the President's executive order ending birthright citizenship for children born in the US to undocumented parents. Yesterday, the High Court expanded the president’s power to fire top government officials in a 6-3 decision that overturns a 1935 precedent. The ruling lets the president fire Federal Trade Commission member Rebecca Kelly Slaughter despite a law that says commissioners can be removed only for specified reasons.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran reiterated its determination to control maritime traffic through the Strait of Hormuz, raising the stakes ahead of fresh talks in Qatar on formally ending its war with the US. Deputy Foreign Minister Kazem Gharibabadi said Iran wants to work out an agreement with Oman to oversee ships passing through Hormuz, but will move forward with its own plans if Oman is not interested. The US, Europe, and Gulf Arab nations are concerned about charges being imposed for the use of Hormuz, which would likely add to energy costs and risk creating a precedent for other countries. 2) President Trump refused to commit to signing a major bipartisan housing bill, saying it was &ldquo;so unimportant&rdquo; compared to a voting bill. Trump would make a decision on whether to sign the housing bill once he receives it, which has been formally transmitted to the White House. The bill would curb large institutional investors&rsquo; ownership of single-family homes, streamline rules around factory-built housing and encourage localities to remove barriers to construction. 3) The US Supreme Court has four big outstanding cases that will be decided today. They include one which challenges the President's executive order ending birthright citizenship for children born in the US to undocumented parents. Yesterday, the High Court expanded the president&rsquo;s power to fire top government officials in a 6-3 decision that overturns a 1935 precedent. The ruling lets the president fire Federal Trade Commission member Rebecca Kelly Slaughter despite a law that says commissioners can be removed only for specified reasons.

Iran Wants Hormuz Control, Birthright Citizenship Decision Due

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/09a9fe9c-c12e-4776-9a82-b479009e8d4e/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) The US and Iran have agreed to stop attacking each other before peace talks resume over the Strait of Hormuz and other issues. Technical talks are scheduled to continue on all aspects of a memorandum of understanding reached this month, with both sides standing down for now and vessels able to move freely. The exchange of attacks began over the waterway, with the Islamic Republic striking a container ship, prompting Washington to hit Iran, and both sides blaming the other for breaching the ceasefire.
2) Russian President Vladimir Putin said he’s ready to continue talks with US envoys on ending the war in Ukraine. Putin rejected a proposal to halt long-range strikes that have proven damaging for both sides, saying his retaliatory strikes deep into Ukrainian territory are much more powerful. The Kremlin expects US negotiators to travel to Moscow to continue talks on ending the war in Ukraine once Washington is less focused on the conflict with Iran.
3) The US Supreme Court is scheduled to rule on President Trump's bids to oust a Federal Reserve governor and roll back automatic birthright citizenship this week. The court will decide whether Trump can remove Fed Governor Lisa Cook temporarily while she fights mortgage fraud allegations, and whether he can restrict birthright citizenship to babies with at least one parent who is a US citizen or green-card holder. The justices will also rule on other cases, including Trump's effort to fire top officials at executive-branch agencies for any reason, and cases related to election laws and transgender athletes.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and Iran have agreed to stop attacking each other before peace talks resume over the Strait of Hormuz and other issues. Technical talks are scheduled to continue on all aspects of a memorandum of understanding reached this month, with both sides standing down for now and vessels able to move freely. The exchange of attacks began over the waterway, with the Islamic Republic striking a container ship, prompting Washington to hit Iran, and both sides blaming the other for breaching the ceasefire. 2) Russian President Vladimir Putin said he&rsquo;s ready to continue talks with US envoys on ending the war in Ukraine. Putin rejected a proposal to halt long-range strikes that have proven damaging for both sides, saying his retaliatory strikes deep into Ukrainian territory are much more powerful. The Kremlin expects US negotiators to travel to Moscow to continue talks on ending the war in Ukraine once Washington is less focused on the conflict with Iran. 3) The US Supreme Court is scheduled to rule on President Trump's bids to oust a Federal Reserve governor and roll back automatic birthright citizenship this week. The court will decide whether Trump can remove Fed Governor Lisa Cook temporarily while she fights mortgage fraud allegations, and whether he can restrict birthright citizenship to babies with at least one parent who is a US citizen or green-card holder. The justices will also rule on other cases, including Trump's effort to fire top officials at executive-branch agencies for any reason, and cases related to election laws and transgender athletes.

US, Iran Halt Attacks; Supreme Court to Rule on Trump Cases

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/85a37746-232d-4f96-b75d-b47800a35eb6/transcript

Global Market Meltdown Deepens; Trump Retains Tariff Stance

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