China's Growing Economic Challenge & Europe's Shaky Energy Bet

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China’s retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s No. 2 economy. (2) China removed the floor on mortgage rates and lowered the minimum down payment ratios for individual homebuyers in its most drastic move to shore up the beleaguered property market. (3) Jamie Dimon tells Bloomberg that when it comes to China, the right thing for America is to “fully and deeply” engage. (4) Several Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they’re not in a rush to cut interest rates. (5) Governments and companies want the clean fuel to play a big role in fueling the continent. If they’re wrong, the planet will be worse off than before. See omnystudio.com/listener for privacy information.