Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:(1) Former Barclays Plc Chief Executive Officer Jes Staley has long maintained that he cut off his friendship with Jeffrey Epstein once he became boss of the UK bank. Legal documents seen by Bloomberg News claim that he had indirect contact with the late pedophile financier for years after that. Representatives for Staley and JPMorgan didn't respond to requests for comment.
(2) When the US punished Morgan Stanley for leaking upcoming stock trades to favored clients, it kept the list of recipients secret. They include one of Wall Street's biggest players: Citadel.
(3) Walt Disney reported better-than-expected earnings for its fiscal first quarter and issued an upbeat profit outlook for the year, citing cost-cutting benefits and the strong performance of its international theme parks.
(4) Europe's earnings season is off to one of the worst starts in at least ten years, with a majority of companies publishing weaker-than-expected results. But the ones delivering positive surprises amid all the gloom and doom are reaping outsize rewards.
(5) Cheap power and friendly relations with China have made Ethiopia a top pick for Chinese Bitcoin miners.
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