Musk's Starlink Black Market Problem & Traders Bet BOE Cuts First

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

On today's podcast:

(1) A Bloomberg News investigation identified wide-spanning examples of Starlink kits being traded and activated illegally. How they are smuggled and the sheer availability of Starlink on the black market suggests that its misuse is a systemic global problem, raising questions about the company’s control of a system with clear national security dimensions.

(2) Traders are betting the Bank of England could beat its European and US peers to interest-rate cuts, a turnaround from expectations it would be a laggard in 2024.

(3) The US and UK accused state-backed Chinese hackers of targeting politicians, companies and dissidents for years, as well as stealing troves of British voter data, in the latest revelation of cyberattacks that Washington and its allies have linked to President Xi Jinping’s government.

(4) Days after top executives of major US airlines turned up the heat on Boeing’s board to get a handle on its spiraling safety crisis, the embattled manufacturer announced one of the most dramatic overhauls in its century-long history. The trio that has led the company for the past four tumultuous years is relinquishing control, including Chief Executive Officer Dave Calhoun.

(5) Donald Trump’s business empire was supposed to be in peril like never before on Monday. Instead, it turned into the single-greatest day on record for the former president’s wealth.  

See omnystudio.com/listener for privacy information.