Biden: China Economy A 'Ticking Time Bomb' & UBS Exits Rescue Deal

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China's once-top builder turns into a penny stock as Biden calls the country's economy a "ticking time bomb". (2) 35,000 tiny Chinese hedge funds could close under new regulations. (3) UBS ends it's $10bn Credit Suisse loss protection agreement with the Swiss government. (4) US inflation data leads the Fed's rate setters to favor another hold. See omnystudio.com/listener for privacy information.