Major Quake Hits Taiwan, Tesla's Massive Miss & Three Cuts This Year

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Taiwan's strongest earthquake in a quarter of a century leveled dozens of buildings on the eastern side of the island, reportedly killing at least four people and disrupting some chip production lines. (2) President Joe Biden said Israel hadn't done enough to protect civilians after the death of seven aid workers, in some of his sternest criticism yet of the country's conduct in the months since it launched a military campaign against Hamas in Gaza. (3) Two Federal Reserve officials who vote on monetary policy decisions this year said they still expect the US central bank to cut rates three times in 2024, though they're in no rush to begin lowering borrowing costs (4) Tesla had Wall Street analysts second-guessing their models as the first quarter came to a close. One after another reduced their estimate for vehicle deliveries. (5) NATO Secretary General Jens Stoltenberg is proposing to establish a fund of allied contributions worth $100 billion over five years for Ukraine as part of a package for alliance leaders to sign off when they gather in Washington in July. See omnystudio.com/listener for privacy information.