'Amazing' Xi-Trump Meeting, Big Tech’s $78B Bet, Far-Right Dutch Loss

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Donald Trump and Xi Jinping wrapped up their highly-anticipated summit after around an hour and a half on Thursday, concluding talks they hoped would quell an expansive trade fight that has shaken global markets. (2) The largest technology companies are betting on an AI future powered by gigantic complexes of data centers filled with humming servers. (3) Federal Reserve Chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight interest-rate cut with another in December. (4) Prime Minister Keir Starmer refused to rule out raising income tax, national insurance or value added tax at the upcoming budget, suggesting the government may break its pre-election promises in order to fill a growing hole in the public finances. Dutch Election : The progressive Democrats 66 party was on track to win the Dutch parliamentary election after voters dealt a blow to Geert Wilders’ far-right Freedom Party and threw support behind mainstream political groups. Podcast Conversation : Starbucks Drinkers Are Exiting Fast, Not Lingering Over Coffee See omnystudio.com/listener for privacy information.