BBB Ep 38 - Oil creeps back towards $100; Markets bets 'bluffing' Fed's Put alive and well; Grindrod's big day on JSE; Bitcoin falls

A forgotten term, The Fed Put, has re-entered Wall Street's vocabulary. Stock and bond participants are betting the US Federal Reserve Bank is bluffing and will stop raising interest rates when economic damage becomes obvious. Fed officials have been doing their best in public statements to say the opposite. Also in this episode of the BizNews Breakfast Briefing - after hitting a six month low earlier in the week, the oil price is edging back towards $100 a barrel; Bitcoin's rally appears to have petered out; and the Rand fell sharply overnight against the US Dollar. On the JSE, it was all about Grindrod yesterday after the company released a trading update that sent its already elevated share price higher still (+138% year to date).R1.25trn needed to end load-shedding by 2035 Thungela still burning brightApple products currently worth buyingIn-depth with Mike Brown, SA’s longest serving bank CEO: Nedbank, digital revolution, renewables, fintechs, greylisting and crypto Learn more about your ad choices. Visit megaphone.fm/adchoices