Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1) China’s top diplomat accused Donald Trump of taking a hypocritical approach to bilateral ties and denounced tariffs, as tensions rise between the world’s largest economies. (2) President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as USMCA from his 25% tariffs, offering major reprieves to the US’s two largest trading partners. (3) Wall Street traders continued to navigate intense, quick and sharp market swings amid a slew of tariff headlines, with stocks getting pummeled after almost wiping out their losses. (4) Millennium Management, Citadel and other top hedge funds posted lacklustre returns in February, as market gyrations reversed momentum on key trades and clobbered popular stocks. (5) The European Union agreed to begin discussions on a long-term reform of its fiscal rules to allow member states to spend more on defense, following a push from Germany. (6) European Central Bank officials are bracing for tough negotiations over whether to cut interest rates further or hold fire when they next set borrowing costs in April, according to people familiar with their thinking.See omnystudio.com/listener for privacy information.
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16:44
Bond Rout Goes Global, France Nuclear Shield & Trump Auto Tariff Delay
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Japan’s government bond yields reached their highest levels in more than a decade and yields in Australia and New Zealand also surged as the rout in German bunds reverberated through global debt markets. (2) The European Central Bank is about to lower interest rates for the sixth time since June, though a volatile economic backdrop is sowing divisions over where to take borrowing costs from here. (3) President Emmanuel Macron said he’ll enter into talks on using France’s nuclear capabilities to defend European allies. (4) Financial markets are signaling that the risk of a recession is growing as tariff-related uncertainty and indicators of economic weakness spread fear across Wall Street. (5) Bank of England Governor Andrew Bailey says US President Donald Trump’s tariff war poses a large risk to the world economy and will not fix the trade imbalances he hopes to address. (6) President Donald Trump is exempting automakers from newly imposed tariffs on Mexico and Canada for one month, the White House said Wednesday, as a temporary reprieve following pleas from industry leaders.See omnystudio.com/listener for privacy information.
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20:42
Trump Defends Tariffs, Attacks Chips Act & German Defense Game-Changer
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump took the lectern Tuesday for his primetime address beset by warning signs about the US economy, and acknowledged to Americans there could be more discomfort ahead. (2) The Trump administration could announce a pathway for tariff relief on Mexican and Canadian goods covered by North America’s free trade agreement as soon as Wednesday, Commerce Secretary Howard Lutnick said. (3) President Donald Trump said he received an “important letter” from Ukraine’s leader looking to smooth over a clash that erupted during a contentious Oval Office meeting, but held back from lifting a US pause on military aid or announcing a revived minerals deal. (4) Germany will unlock hundreds of billions of euros for defense and infrastructure investments in a dramatic shift that upends its ironclad controls on government borrowing. (5) China set a forceful economic growth goal at about 5% for 2025, raising expectations for officials to unleash more stimulus later this year as they confront a trade war with Donald Trump.See omnystudio.com/listener for privacy information.
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21:10
Trump Tariffs Take Effect, China Retaliates & US Pauses Ukraine Aid
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies, imposing one of the largest increases in US tariffs since the 1930s in a dramatic escalation of a trade war that stands to upend ties with major economic partners.(2) China imposed tariffs as high as 15% on US goods and banned exports to some defense companies in retaliation for the Trump administration’s new levy, escalating a trade war between the world’s two largest economies.(3) President Donald Trump said the US would impose tariffs on “external” agricultural products starting on April 2, adding another layer of threats to impose trade barriers on imported goods.(4) Equities fluctuated as President Donald Trump’s tariffs on Canada, Mexico and China went into effect. Oil extended losses.(5) President Donald Trump ordered a pause to all military aid to Ukraine, turning up the heat on Volodymyr Zelenskiy days after an Oval Office blowup with the Ukrainian president left support from his country’s most important ally in doubt.See omnystudio.com/listener for privacy information.
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16:35
Europe’s Ukraine Scramble, Tariff 24-Hour Countdown & Oscar Winners
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) UK Prime Minister Keir Starmer and other European leaders used a security summit in London to demonstrate broad support for Ukraine. Behind the scenes, though, they were scrambling to get Volodymyr Zelenskiy back to the table with US President Donald Trump. (2) Ukrainian President Volodymyr Zelenskiy said he’s willing to meet Donald Trump if the US president invites him again “to solve real problems,” adding his country is ready to accept a minerals deal that was put on hold last week. (3) President Donald Trump is on the verge of slapping new tariffs on Canada and Mexico while doubling a levy on China, moves that would dramatically expand his push to reshape the US economy, tap new revenues and upend ties with the biggest US trading partners. (4) President Xi Jinping heads into China’s biggest political huddle of the year with his economy finally getting back some swagger. Donald Trump’s rising tariffs will test Beijing’s ability to sustain that momentum. (5) Jes Staley’s legal showdown over his career-ending friendship with the late sex offender Jeffrey Epstein will bring in some of the most prominent names in the City of London. (6) Zoe Saldaña took home the Oscar for best supporting actress for her performance in the Netflix Inc. film Emilia Pérez at the 97th Academy Awards in Hollywood Sunday evening.See omnystudio.com/listener for privacy information.
South Africa