Colorado Bars Trump From Presidency, Red Sea Chaos Worsens & Hedge Funds Spook Regulators.
Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Donald Trump is ineligible to serve as US president because of his actions inciting the Jan. 6, 2021 attack on the US Capitol, Colorado's highest court found, in an unprecedented ruling that's headed for the US Supreme Court.
(2) The US and its allies are considering possible military strikes against Houthi rebels in Yemen, in a recognition that a newly announced maritime task force meant to protect commercial ships in the Red Sea may not be enough to eliminate the threat to the vital waterway.
(3) Bets on the basis trade are so large that they’ve become central to buying and selling of US government bonds. Read our Big Take on the small group of hedge fund traders who dominate dealings in the tiny price gaps between Treasuries and futures. They’re the driving force behind a wager creating sleepless nights for regulators.
(4) UK house prices have plunged by 11% in real terms in just over a year, revealing the true extent of the downturn in the property market, calculations by Bloomberg Economics show.
(5) Wall Street's dramatic year of dealmaking drought, collapsing banks and job cuts is ending with a mere whimper for traders' bonuses.
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