BN Daybreak - Wed 13 May 2026: Trump’s China trip; Warsh Fed nod; AI bubble?; Anthropic; Boxer; and Job trends

BN Daybreak - Wed 13 May 2026: Trump’s China trip; Warsh Fed nod; AI bubble?; Anthropic; Boxer; and Job trends

Author: BizNews May 13, 2026 Duration: 13:09
In today’s BizNews Daybreak, President Trump heads to Beijing for a trade summit alongside Nvidia’s Jensen Huang and Elon Musk. The Senate confirmed Kevin Warsh to the Fed’s Board of Governors, while analysts debate an "AI bubble" amid Anthropic’s $30 billion funding talks. Plus, South African retailer Boxer discusses its expansion against Walmart, and we take a look at the impact of AI on global labor productivity.

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Joburg audit setback exposes R9.5bn bad debt burden [not-audio_url] [/not-audio_url]

Duration: 7:52
Johannesburg’s financial crisis is deepening, with the Auditor-General revealing R9.5 billion in losses driven largely by electricity theft, water leaks and weak governance. An infrastructure backlog now estimated at R20…