UPDATE: Yellen Warns The US Will Be A 'Deadbeat Country' if It Defaults

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) US Treasury Secretary Janet Yellen speaks exclusively to Bloomberg. (2) BOE's Bailey tells Bloomberg he believes the bank is close to a pause. (3) JP Morgan CEO, Jamie Dimon says lenders should expect more regulation. (4) Societe Generale's CEO reveals he believes rates are impacting the economy. (5) Elon Musk to step down as the CEO of Twitter to become CTO. See omnystudio.com/listener for privacy information.