Waller Backs Fed Cut Now, 1000% Return BOE Bet, Looking For G-20 Friends

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to support a labor market that is showing signs of weakness. (2) Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project. (3) Some traders have placed wagers in the UK options market that could net a more than 1,000% return if the Bank of England ignores inflation at an eighteen month high and delivers more cuts this year than rates pricing suggests. (4) The US Commerce Department will impose preliminary anti-dumping duties on imports of Chinese graphite, a key battery component, after concluding that the materials had been unfairly subsidized. (5) While rival media companies are unloading assets and cutting costs, Netflix continues to thrive. (6) England are through to the semi-finals of the Women's European football championship after beating Sweden on penalties Podcast Conversation: ChatGPT Will Soon Shop Online, Make PowerPoints on Your Behalf See omnystudio.com/listener for privacy information.