On Bloomberg Businessweek Daily, Tim Stenovec and Katie Griefeld discuss President Trump’s reported threat to fire Federal Reserve Chair Jerome Powell and subsequent denial. Bloomberg’s David Westin also spoke with Bank of America CEO Brian Moynihan on the bank’s earnings. Moynihan said picking the next Fed chair is the president’s "right." Stuart Paul, Bloomberg Economics US Economist, Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams, and Bloomberg News Mike McKee broke down the latest on Powell. Ken Leon, Director of Equity Research at CFRA discussed big bank earnings.
Chapters:
00:00:00 – Bloomberg Businessweek Daily Starts
00:02:51 – Stuart Paul on Fed Beige Book, Trump Denying Plan to Fire Chairman Powell
00:15:06 – Gina Martin Adams Outline Stocks Whipsawing as Trump Pours Cold Water on Reports of Powell’s Dismissal
00:20:59 – CFRA Director of Equity research Ken Leon on Second Batch of Big Banks Reporting Earnings
00:28:06 – David Westin Sits Down with Bank of America Chair & CEO Brian Moynihan
00:46:09 – Mike McKee on Trump Refuting Reports of Powell Firing, WH Official Expects Trump to Move Against Fed Chair Soon
00:52:44 – Alexandra Semenova Breaks Down Stocks on the Move
——–
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
Visit our YouTube channels:
Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
