bridgecollapse

Interest rates on savings accounts have climbed in recent years. And high rates are great if you have money to squirrel away. With the Federal Reserve signaling it’s likely to cut rates, people can expect their banks to do the same. In this episode: how Fed rate cuts would impact high-yield savings and CDs. Plus, February job openings data, the cost of the Key Bridge collapse and the problem for TikTok-dependent beauty brands.

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

On today's podcast:
(1) The 1.6 mile-long Baltimore bridge collapsed in a matter of seconds. The catastrophic consequences are set to stretch out for weeks.

(2) Japan stepped closer to currency intervention with its strongest warning yet as the yen slid to the weakest level in about 34 years against the dollar.

(3) As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned.

(4) Cocoa futures surged above an unprecedented $10,000 a metric ton on Tuesday before erasing gains and taking a breather from a historic rally that has seen prices of the key chocolate ingredient double this year.

(5) Betting against former president Donald Trump's social media startup is one of the most difficult and expensive short trades in the market, according to financial analytics firm S3 Partners.

See omnystudio.com/listener for privacy information.

The city of Baltimore has woken up in shock this morning after a major bridge in the US city of Baltimore snapped and plunged into the Patapsco River.

The city’s mayor has called the event an “unspeakable tragedy” and confirmed that construction workers were on the bridge when it collapsed.

A state of emergency has been declared in Maryland while a huge search operation is under way for at least seven people.

HOSTS: • Justin Webb, Radio 4 presenter

GUESTS: • Dr Stergios Aristoteles, Head of Structures at the University of Birmingham • Justin Fenton, an investigative reporter at The Baltimore Banner • Tom Bateman, BBC State Department Correspondent

GET IN TOUCH: • Join our online community: https://discord.gg/qSrxqNcmRB • Send us a message or voice note via WhatsApp to +44 330 123 9480 • Email Americast@bbc.co.uk • Or use #Americast

This episode was made by Keiligh Baker with Cordelia Hemming. The technical producer was Emma Crowe. The series producer is George Dabby. The senior news editor is Sam Bonham.