Wall Street CEOs Anger, Sunak Loses Minister & Egypt's Growing Leverage

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The heads of Wall Street's biggest banks took their most direct swing yet at Washington's plans to force them to set aside more cash as a buffer against losses. (2) Senate Republicans blocked $66 billion in emergency Ukraine aid, heightening the risk US funding for the country's war effort will run dry as a partisan stalemate over immigration policies persists in Washington. (3) European Commission President Ursula von der Leyen and European Council President Charles Michel have meet with Chinese leader Xi Jinping in Beijing. The EU officials are holding their first in-person summit with China in four years. (4) The UK's immigration minister resigned over Prime Minister Rishi Sunak's latest proposal to deport asylum seekers to Rwanda, underscoring concerns that the anti-immigration plan doesn't go far enough to pacify a rebellion in the ruling party. (5) Two months ago, Egypt looked like a country in grave danger of financial collapse. Now the world has urgent new reasons to come to the rescue. See omnystudio.com/listener for privacy information.