On today's podcast:

 
1) President Donald Trump sowed chaos in metals markets by indicating the US would implement a higher-than-expected 50% tariff on copper imports, spurring a record spike in New York futures and a drop in the global benchmark.


2) Greg Abbott says authorities believe at least 161 people may still be unaccounted for in Kerr County, which was hit by devastating floods over the Fourth of July weekend.


3) Apple Inc. Chief Operating Officer Jeff Williams is retiring as the company’s longtime No. 2, marking a major changing of the guard at an already tumultuous time for the iPhone maker.

On today's podcast:
&nbsp; 1) President Donald Trump sowed chaos in metals markets by indicating the US would implement a higher-than-expected 50% tariff on copper imports, spurring a record spike in New York futures and a drop in the global benchmark.
 2) Greg Abbott says authorities believe at least 161 people may still be unaccounted for in Kerr County, which was hit by devastating floods over the Fourth of July weekend.
 3) Apple Inc. Chief Operating Officer Jeff Williams is retiring as the company&rsquo;s longtime No. 2, marking a major changing of the guard at an already tumultuous time for the iPhone maker.

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.

Trump Unleashes Turmoil in Copper Markets; Search for Missing in Texas Continues

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/665ef5b4-3bc3-4a17-aede-b315009ad5b2/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 U.S PCE and personal spending data, along with a focus on three stocks for the week ahead.
In the UK – a look ahead to the Reykjavík Economic Conference in Iceland.
In Asia – a look ahead to Australia CPI 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 U.S PCE and personal spending data, along with a focus on three stocks for the week ahead.</li>
<li>In the UK &ndash; a look ahead to the Reykjav&iacute;k Economic Conference in Iceland.</li>
<li>In Asia &ndash; a look ahead to Australia CPI data.</li>
</ul>

Daybreak Weekend: US PCE, Iceland Eco Conference, Australia CPI

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/80f7b07f-75e9-4f2c-a613-b452013e4a34/transcript

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

On today's podcast:

1) Iran said the latest US proposal partly bridged the gap between the warring sides, but comments from the Islamic Republic's supreme leader clouded the outlook for a breakthrough. The US has demanded Tehran hand over its enriched uranium and commit to ending enrichment, while Iranian leaders have balked at those terms in public. The conflicting statements on key issues left it unclear if the two sides were any closer to a deal after renewed threats of escalation in recent days.

2) NATO Secretary General Mark Rutte welcomed President Donald Trump's announcement to send additional troops to Poland. The announcement increased a sense of confusion within the alliance, with officials saying they would prefer US moves to be coordinated. The US is expected to announce adjustments to national forces set to be made available in case of crisis or war, which may include cuts to troops in NATO's force model.

3) Stephen Colbert hosted the last episode of his namesake show on CBS, mostly steering clear of political jokes and criticism of President Trump. The show featured a parade of actors and comedians, including Bryan Cranston and Paul McCartney, who closed the program with a performance of the Beatles hit Hello, Goodbye. Colbert's show is being replaced by Comics Unleashed, a program hosted by Byron Allen, who said the show steers clear of politics and intends to make money selling ads.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran said the latest US proposal partly bridged the gap between the warring sides, but comments from the Islamic Republic's supreme leader clouded the outlook for a breakthrough. The US has demanded Tehran hand over its enriched uranium and commit to ending enrichment, while Iranian leaders have balked at those terms in public. The conflicting statements on key issues left it unclear if the two sides were any closer to a deal after renewed threats of escalation in recent days.
2) NATO Secretary General Mark Rutte welcomed President Donald Trump's announcement to send additional troops to Poland. The announcement increased a sense of confusion within the alliance, with officials saying they would prefer US moves to be coordinated. The US is expected to announce adjustments to national forces set to be made available in case of crisis or war, which may include cuts to troops in NATO's force model.
3) Stephen Colbert hosted the last episode of his namesake show on CBS, mostly steering clear of political jokes and criticism of President Trump. The show featured a parade of actors and comedians, including Bryan Cranston and Paul McCartney, who closed the program with a performance of the Beatles hit Hello, Goodbye. Colbert's show is being replaced by Comics Unleashed, a program hosted by Byron Allen, who said the show steers clear of politics and intends to make money selling ads.

US-Iran Talks Get Complicated; Stephen Colbert's Final Show

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ccecef7c-86c5-4f95-a3bb-b45200a30a9d/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Nvidia reported another blowout earnings report and beat analyst estimates, but faced skepticism from some investors. The tech giant aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions. The company faces growing competition from chipmakers trying to carve out a piece of the AI computing business, and major buyers of Nvidia's technology are developing their own in-house components. Nvidia's sales gained 85% to $81.6 billion in the three months ended April 26, and the company boosted its quarterly dividend and announced $80 billion in stock repurchases, but investors were not swayed and shares slipped about 1% in late trading.
2) SpaceX filed for an initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The company's goals include a human settlement on Mars with at least 1 million inhabitants and making data centers in space a reality, part of a $28.5 trillion total addressable market. The IPO is targeted to raise as much as $75 billion, with Musk standing to benefit significantly, including potentially receiving as many as 1 billion shares if he meets certain goals.
3) Iran is assessing the latest peace proposal from the US, as the countries seek to avoid a resumption of hostilities. The exchange of messages is based on Iran’s 14-point text, which suggests a short-term deal that would see Iran reopen the Strait of Hormuz and the US lift a blockade of Iranian ports. Iran gave no indication of when it would respond to the US and reiterated it wants a commitment that fighting will end “on all fronts, including Lebanon.”

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Nvidia reported another blowout earnings report and beat analyst estimates, but faced skepticism from some investors. The tech giant aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions. The company faces growing competition from chipmakers trying to carve out a piece of the AI computing business, and major buyers of Nvidia's technology are developing their own in-house components. Nvidia's sales gained 85% to $81.6 billion in the three months ended April 26, and the company boosted its quarterly dividend and announced $80 billion in stock repurchases, but investors were not swayed and shares slipped about 1% in late trading. 2) SpaceX filed for an initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The company's goals include a human settlement on Mars with at least 1 million inhabitants and making data centers in space a reality, part of a $28.5 trillion total addressable market. The IPO is targeted to raise as much as $75 billion, with Musk standing to benefit significantly, including potentially receiving as many as 1 billion shares if he meets certain goals. 3) Iran is assessing the latest peace proposal from the US, as the countries seek to avoid a resumption of hostilities. The exchange of messages is based on Iran&rsquo;s 14-point text, which suggests a short-term deal that would see Iran reopen the Strait of Hormuz and the US lift a blockade of Iranian ports. Iran gave no indication of when it would respond to the US and reiterated it wants a commitment that fighting will end &ldquo;on all fronts, including Lebanon.&rdquo;

Nvidia Earnings Lead to Share Slump; SpaceX IPO Details

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0d7b281e-e7e0-44be-8321-b45100a32236/transcript

Trump Unleashes Turmoil in Copper Markets; Search for Missing in Texas Continues

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