banks

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) BHP Group proposed a takeover of Anglo American that values the smaller miner at £31.1 billion ($38.8 billion), in a deal that would catapult the combined company’s copper production far beyond its rivals while sparking the biggest shakeup in the industry in over a decade.

(2) Deutsche Bank's trading revenue rose 7% in the first quarter, more than analysts had expected and better than most of the biggest US investment banks

(3) Barclays posted first-quarter revenue that topped analyst estimates after its stock traders collected a surprise windfall from tumultuous global markets. 

(4) BNP Paribas fixed-income traders trailed all of the large Wall Street banks in the first quarter, taking the shine off a strong performance in other parts of the investment bank.

(5) President Joe Biden signed a $95 billion national security package into law and said assistance to Ukraine would begin to move within "hours," capping off a bruising fight with Republicans over long-delayed assistance for Kyiv and other besieged US allies.

(6) Shares in Meta have dropped by as much as 19% in after-hours trading, after the social media giant said it plans to spend billions of dollars more than expected this year.

See omnystudio.com/listener for privacy information.

US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium’s strategy is at risk as Chilean President Gabriel Boric’s government works to take back control of resources. Plus, depositors put pressure on big US banks.

Mentioned in this podcast:

Net interest income may have peaked for Wall Street banks

China’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiring

Israel weighs response to unprecedented attack by Iran

Pressure mounts on US lawmakers to approve new aid for Israel

Credit: NBC 

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The money matrix is a hidden system created by those who benefit from it, the banks and the elite. In this episode learn more about what the money matrix is and how you can beat this system, play the banks for their own gain and profit for yourself.

Rob Reveals:

• Why money matrix allows the elite to have power and control over the people
• Why the banks lend you money
• Interest equals profit for the banks.
• It isn’t just the government that benefits from your taxes, the banks do too
• Up to 70% of what you earn and spend is tax
• Inflation is the ‘hidden’ tax
• Why to only borrow from the banks if they are taking the risk and you are investing this money for your own gain, such as in assets that will increase in value
• How to reduce your tax bill

BEST MOMENTS

"That benefits the elite over the people”

“If you don’t have a product to sell, you are the product that the banks profit from”

“Inflation is the hidden tax”

“The printing of money devalues the existing money in the economy but it also devalues debt”

VALUABLE RESOURCES

https://robmoore.com/

bit.ly/Robsupporter  

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Episode Sponsor - AG1

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ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”

“If you don't risk anything, you risk everything”

CONTACT METHOD

Rob’s official website: https://robmoore.com/ 

Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs

LinkedIn: https://uk.linkedin.com/in/robmoore1979

See omnystudio.com/listener for privacy information.

disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Wall Street's biggest banks have seen staffing levels surge in Paris despite the fact that many of those firm's top bosses feel constrained by the country's strict labor laws. 

(2) Apple is cancelling a decade long effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company.

(3) Central bankers around the world have traditionally been scrupulous about insisting on their independence from politics. But the rise of anti-democratic groups and populists around the world has spurred European policymakers to step into the fray.

(4) The Bank of England may sell all the UK government bonds bought under quantitative easing to better prepare for a future crisis, a move that would put it at odds with the US Federal Reserve.

(5) Deutsche Bank's decision to force workers into the office more frequently has met with fierce internal criticism, demonstrating the challenges in reversing a policy introduced during the Covid pandemic. 

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) After decades of occupying different business areas, the last two remaining banks with links to the storied Rothschild name are encroaching on each other's territory.

(2) Capital One has agreed to buy Discover in in a $35 billion all-stock deal to create the largest US credit card company by loan volume, giving the combined entity a stronger foothold to compete with Wall Street's behemoths.  

(3) China has ramped up support for the troubled property sector with its biggest-ever cut to a key mortgage reference rate, raising expectations for more aggressive measures to support the economy in the months to come. 

(4) BHP's first-half net income slumped 86% from the year before, after oversupply in the nickel market forced the world's biggest miner to write down the value of key assets.

(5) Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper electric vehicles and fend off existential threats. 

See omnystudio.com/listener for privacy information.

A little less than a year ago, the US financial system was rocked by its first major banking drama since 2008. While the crisis was eventually contained, and only three lenders ended up collapsing, the experience re-ignited an ongoing conversation about the way we rescue troubled lenders. Not only did the Federal Reserve launch a new liquidity program called the Bank Term Funding Program as part of its support to the banking system in 2023, but regulators are now talking about changing existing facilities, including the Federal Home Loan Banks (FHLBs) and the discount window. For instance, Michael Hsu of the Office of the Comptroller of the Currency's has proposed that banks be required to tap the discount window and "pre-position" collateral at the facility, just in case they one day need it. In this episode, we speak with Steven Kelly, associate director of research at the Yale University Program on Financial Stability, about the constellation of existing emergency facilities for banks, how they've evolved over time, and the changes that could be made to them now.

See omnystudio.com/listener for privacy information.

Banks stocks have tumbled as losses mount on property loans, forcing them to set aside extra cash and slash dividends. Is the commercial real estate problem contained or is this just the tip of the iceberg? And in today’s Dumb Question of the Week: What is negative equity?

Thanks to Freetrade for sponsoring this episode. Sign up at Freetrade.io/freesharepensioncraft to get a free share worth between £10 and £100.

When you invest, your capital is at risk. The probability is weighted, so more expensive shares will be rarer. T&Cs apply.

Selected links

• Kastle Back to Work Barometer
• Monetary Tightening, Commercial Real Estate Distress, and US Bank Fragility

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Disclaimer

This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice.

Copyright 2023 Many Happy Returns

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

In the US - As earnings season kicks off, we preview what we can expect from some of Wall Street's biggest banks. 

In the UK -  The economic trajectory will be back in focus in the coming days - as a batch of data will help tell us whether Britain may avoid a recession. A recent survey of company executives highlighted their pessimism about the outlook - despite the encouraging signs coming from some quarters. 

In Asia - Taiwan's presidential election is set for January 13th.The results will help shape the course of US-China relations for years to come.  

In DC - With the race for President in full swing, we look at a new series of new Gallup polls focusing on the election. 

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 

1) We get Disney earnings this week after, the company said it plans to buy Comcast's one-third of the Hulu streaming service, kicking off an appraisal process that will extend into next year.

2) Republican presidential contenders will face off Wednesday night in their first debate of the primary season — minus frontrunner Donald Trump, who continues to lead his GOP rivals by a double-digit margin.

3) UBS will be eager to show the benefits of its takeover of Credit Suisse in results on Tuesday, the first full quarter including the acquired business. While reports from US and European peers bode well, much of the Swiss bank’s fortunes hinges on its ability to retain talent and put Credit Suisse’s troubles swiftly behind it.

4) Australia Prime Minister Anthony Albanese is heading to China, recognizing that the two nations have much to gain from constructive dialogue — and lots to lose without it.

See omnystudio.com/listener for privacy information.