Donald Trump moved to oust Fed Governor Lisa Cook following allegations that she falsified mortgage documents. In a letter posted on Truth Social Monday, Trump said he had “sufficient cause” to fire Cook, the first Black woman to serve on the Fed Board in Washington, based on the allegations she made false statements on one or more mortgage loans. In France, Prime Minister Francois Bayrou called a confidence vote that may topple France’s government as soon as next month, prompting a selloff in French assets as investors hedged for more political uncertainty. The far-right National Rally party, the leftist France Unbowed and the Greens all said they would vote against the Sept. 8 motion while the Socialists said they wouldn’t back the government.
Today’s guests: Christian Mueller-Glissmann, Goldman Sachs Head of Asset Allocation Research, Tina Fordham, Fordham Global Foresight Geopolitical Strategist and Founder
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:28 – Trump Moves to Fire Fed’s Cook, Setting Up Historic Legal Fight
00:03:44 – Trump Vows Export Curbs, Tariffs in Digital Tax Reprisal
00:05:31 – Trump Says South Korea’s Lee Will Stick to Trade, Spending Deal
00:07:02 – Christian H. Mueller-Glissmann, Goldman Sachs
00:16:33 – France’s Government Risks Another Collapse, Weighing on Markets
00:20:04 – Trump to Halt Development of Another Offshore Wind Farm
00:22:13 – Musk Sues Apple, OpenAI For Unfair Practice
00:23:30 – Top Stories
00:24:57 – Tina Fordham, Fordham Global Foresight Founder
00:33:20 – Trump: US Has Much Bigger Leverage Over China
00:33:32 – Top Chinese Trade Negotiator Set to Head to US: WSJ
00:33:49 – European Companies Grapple With Trump Tariffs
00:37:05 – Bloomberg Intelligence: Best of Global Credit Strategy: Spread Utopia But Deeper Risks
00:40:59 – UK Food Inflation Accelerates
00:43:47 – Dollar Drops, Gold Rises as Trump Ousts Fed’s Cook
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