Blockbuster UBS Results, Recession Odds & US Mulls Google Breakup

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

On today's podcast:

(1) Financial markets are flashing a higher probability of an oncoming recession in the wake of the market maelstrom that briefly sparked fear across Wall Street last week.

(2) Former JPMorgan Chase & Co. chief market strategist Marko Kolanovic re-emerged on social media this week, posting on LinkedIn and X on Monday and Tuesday for the first time since reports in early July that he was leaving his role at the bank.

(3) A rare bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market.

(4) Ukrainian President Volodymyr Zelenskiy instructed his country’s army chief to prepare for more action as Kyiv’s troops continue to make advances in Russia’s Kursk region.

(5) The Biden administration approved the sale of up to 50 F-15 fighter jets, vehicles and ammunition to Israel in a deal valued at more than $20 billion.  

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