US-Canada Trade Breakdown; Warsh Readies for Jackson Hole
Summary
Bloomberg Daybreak covers the escalating US-Canada trade war following the collapse of negotiations, with Canada preparing retaliatory tariffs and domestic aid. The episode also details Treasury Secretary Scott Bessent’s upcoming announcement of secondary sanctions against nations trading with Iran, aiming to sever Tehran’s economic lifelines. In Ukraine, world leaders gather in Kyiv to mark 35 years of independence, while markets react to Fed comments and a record bond sale by SoftBank.
Topics discussed
Sponsorships: ChatGPT Work, Optum, and Mastercard
US-Canada Trade War: 50% Tariffs and Retaliation
Iran Economic D-Day: Secondary Sanctions Preview
Ukraine Independence Anniversary and Military Exercises
Markets: Jackson Hole, Treasury Yields, and Fed Outlook
Equities and Crypto: Tech Earnings, Asia, and Bitcoin ETFs
Paramount-WBD Deal: California Lawsuit Update
Global News: 9/11 ID, Reno Wildfire, and US Open Security
Sports Update: MLB, NFL, NBA, and Golf Results
Sponsorships: ChatGPT, Optum, and Asana
Interview: Julie Norman on US-Canada and Iran Sanctions
Outro and Sponsorships: Optum, Global Payments, Mastercard
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