UPDATE: UBS CEO Talks Record Profits, Job Cuts & Apple Tries 3D Printing

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) UBS smashed banking profit records in the second quarter and announces plans to eliminate about 3,000 Swiss jobs. (2) The Chinese developer Country Garden has warned that it may default on its debt and raised concerns about staying in business. (3) Sources tell Bloomberg Apple is testing the use of 3D printers to produce the steel cases for some of its upcoming smart watches. (4) Elon Musk's social media network X is planning to gather more data from users than ever before. See omnystudio.com/listener for privacy information.