David Cameron's 2nd Act, Fentanyl Diplomacy & JP Morgan's Big Commodities Call

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: 1) David Cameron’s appointment as British foreign secretary has provoked criticism of the former premier’s warm relationship with China, a closeness that is at odds with the current skeptical stance of Rishi Sunak’s Conservative Party. (2) Joe Biden and his Chinese counterpart, Xi Jinping, are set to announce an agreement that would see Beijing crack down on the manufacture and export of fentanyl. (3) US Treasury Secretary Janet Yellen said she disagrees with Moody’s Investors Service’s shift to a negative outlook on the country’s Aaa credit rating, expressing confidence in the economy and in Treasuries as a safe asset. (4) JPMorgan Chase & Co. strategist Marko Kolanovic says he continues to see risks in stocks, recommending investors fade a rally that was significantly driven by “momentum strategies and short covering.” See omnystudio.com/listener for privacy information.