Charlie Munger Dies, AT1's Are Back & Ackman's Rate Cut Bet

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The famed investor Charles Munger has died at the age of 99. As Warren Buffett's right hand man for almost 60 years he helped transform Berkshire Hathaway from a failing textile maker into a global conglomerate. (2) Two Federal Reserve officials who led the push for higher interest rates to curb inflation last year signaled they could be comfortable holding rates steady for now, reinforcing expectations that the central bank's current hiking cycle is done. (3) Billionaire investor Bill Ackman tells Bloomberg he is betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting. (4) Hamas has turned over 12 more hostages — 10 Israelis and two Thai citizens — to the Red Cross, according to the Israeli prime minister's office, despite earlier competing claims of violations of the deal that brought their war to a temporary pause. (5) A special report on risky AT1 bonds which are booming again after being decimated by the implosion of Credit Suisse. See omnystudio.com/listener for privacy information.