Chapter 1: What is the main topic discussed in this episode?
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.
From Brussels, I'm following the politics, policy and the people shaping the European Union right now.
And from London, I'm looking at what all that means for markets, money and the wider economy.
We've got reporters across Europe and around the globe feeding in as stories break.
So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.
It's smart, calm and to the point.
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Chapter 2: What is the current status of U.S.-Iran relations regarding sanctions?
Shares in Salesforce were down four tenths of one percent in late U.S. trading. Fed Governor Lisa Cook says inflation is headed in the wrong direction and she said she would be prepared to raise interest rates if that persists. Here is Cook speaking at Stanford University.
After five years of above target inflation, I am particularly attuned to the risk that elevated inflation will become embedded in price and wage setting behavior. As such, I am prepared to raise rates if the expected disinflation does not appear in a timely manner.
For now, Cook favors holding interest rates steady, and she is expecting price growth to cool again in the coming months. Emergency crews in Washington state have resumed searching for nine missing workers at a paper mill following the rupture of a storage tank containing a highly caustic chemical. Authorities have put the presumed death toll at 11.
Now, the recovery effort is being complicated because authorities need to stabilize the tank before looking for bodies. And because of the danger, that work can only be done during daylight. Boeing gave investors an optimistic forecast for this year and beyond. The aircraft maker raised production of its 737 MAX jet. The company also is expecting a windfall from U.S. defense spending.
Here is Boeing CEO Kelly Ortberg.
Our weapons business is the demand is through the roof. So that's another area where we're going to quickly be talking about how many can we build, not how many can we get under order. So we're working on expanding our production there. I was just at the Pentagon meeting with the Department of War yesterday on things like ramping up production. And it's important all the way up to POTUS.
We've met with them on... CEOs have all met with POTUS on the need to ramp up our capability in the weapons market.
That is Boeing CEO Kelly Ortberg speaking at the Bernstein Strategic Decisions Conference. And that is news when you want it. With Bloomberg News Now, I'm Doug Kriziner, and this is Bloomberg.
The Bloomberg This Weekend Podcast. News, politics, and the lighter side of Bloomberg. The most coveted cosmetic enhancement in Asia right now are elf ears.
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