Chancellor of the Exchequer Rachel Reeves discusses the UK government's commitment to move away from austerity and foster economic growth. She emphasizes the need for increased investment despite warnings about public finances. Prime Minister Michel Barnier shares his plans to tax the ultra-rich to address France's budget deficit, raising questions about fairness and economic strategy. Together, they navigate the political landscape, tackling consumer confidence and the challenges ahead for their respective governments.

Anticipation swirls around upcoming inflation data in the US, with potential Federal Reserve rate cuts on the horizon affecting the housing market. The UK faces crucial party conferences that could reshape its political landscape, while Japan gears up for a significant leadership election in the ruling Liberal Democratic Party. Discussions include the stakes of these elections, candidates' responses to economic challenges, and the broader implications for voters as both nations navigate shifting political climates.

Join Rachel Reeves, the Chancellor of the Exchequer, as she navigates the daunting UK economic landscape. She discusses the alarming rise of national debt beyond 100% of GDP and the pressure it puts on her first budget. The potential for increasing wealth taxes to address spending woes has small businesses worried. Meanwhile, she reveals how a £4 billion lifeline from the Bank of England may offer some relief. With consumer confidence wavering, will her proposed solutions be enough to stabilize the economy?

Rachel Reeves, the UK Chancellor of the Exchequer, discusses her plans for a challenging budget amid rising wealth taxes and vital support for small businesses. She highlights the Bank of England's £4 billion lifeline to ease spending pressures. The podcast also covers the Bank of Japan's decision to maintain interest rates, the European political landscape with proposed government changes in France, and Kamala Harris’s presidential aspirations, analyzing how her past will impact her policies and public reception.

Jerome Powell, the Federal Reserve Chair known for steering U.S. economic policy, discusses a historic interest-rate cut aimed at bolstering the economy amid labor market challenges. He delves into the shifting focus from inflation control to market support and hints at more cuts ahead. The conversation also touches on the Bank of England's cautious approach, rising military tensions in Israel, and the implications for global markets. Additionally, an exclusive insight into Russia's clandestine LNG shipping strategies adds a layer of intrigue.

Tensions escalate as Hezbollah blames Israel for a deadly attack in Lebanon, raising fears of regional conflict. Traders face risks with record bets on the Federal Reserve's interest rate cut. In an innovative partnership, BlackRock and Microsoft are investing heavily in AI infrastructure. Meanwhile, finance mogul Steve Cohen steps back from trading, while Germany plans to divest from Commerzbank. Recent geopolitical events intertwine with potential financial turmoil, highlighting the complex landscape of global markets.

Andy Jassy, CEO of Amazon, discusses major shifts in remote work policy, requiring employees to return to the office fully. Meanwhile, Donald Trump highlights the political implications of recent assassination attempts, aiming to regain momentum from Vice President Kamala Harris. The conversation also dives into the uncertainty among bond traders regarding Federal Reserve decisions and the economic struggles facing Norway as its currency slumps, impacting local businesses and inflation.

A dramatic assassination attempt on Donald Trump unfolds at his Florida golf course, showcasing the rapid response of security forces. Meanwhile, China struggles to maintain its ambitious growth without extensive stimulus measures. The Bank of England debates interest rate cuts amid mixed investor sentiment. In geopolitics, Italy and the UK reaffirm their commitment to Ukraine while facing rising tensions. Additionally, central and eastern Europe grapples with severe flooding, disrupting transport and prompting evacuations.

Get ready for a deep dive into upcoming market movers! The discussions cover the anticipated Federal Reserve meeting and its influence on interest rates, alongside a look at Eurozone economic data. FedEx's strategic changes come under scrutiny as they gear up for earnings. Meanwhile, watch the contrasting economic performances in Europe and Japan's cautious stance on monetary policy. Plus, insights into the fluctuating dynamics of the yen, the crypto buzz from Token 2049, and the future of Bitcoin amid market volatility.

Clues on the European Central Bank's interest rate cuts remain elusive as economic data continues to be a priority. Tensions rise as the U.S. and UK consider supporting Ukraine with long-range missiles against Russia. Donald Trump dismisses further debates after a shaky performance against Kamala Harris. Meanwhile, China's economy struggles to recover from a prolonged slowdown, worsened by extreme weather. Andy Haldane critiques the government’s claims of a financial 'black hole' as unnecessary and unhelpful.