UBS Profits Break Global Bank Records & X Wants Your School History

Your morning briefing. The news you need in just 15 minutes. On today's podcast: (1) UBS smashed banking profit records in the second quarter as a result of its emergency takeover of Credit Suisse. (2) The Chinese developer Country Garden has warned that it may default on its debt and raised concerns about staying in business. (3) Sources tell Bloomberg Apple is testing the use of 3D printers to produce the steel cases for some of its upcoming smart watches. (4) Elon Musk's social media network X is planning to gather more data from users than ever before. See omnystudio.com/listener for privacy information.