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Join hosts Michael Barr, Scarlet Fu and Damian Sassower for a look at some of the latest headlines and stories in the business of sports.They check in with Goulston & Storrs sports law practice co-chair and Columbia adjunct law professor Marty Edel to break down the latest pressing legal issues in sports, including the sign stealing controversy embroiling the University of Michigan's football program and head coach Jim Harbaugh.Bloomberg News municipal finance team leader Danielle Moran joins to discuss MLB owners unanimous approval of the Oakland A's move to Las Vegas.Plus, Michael Barr, along with Bloomberg US sports business reporter Randall Williams have a special conversation with legendary running back and NFL Hall of Famer Barry Sanders about the state of the NFL, the market for running backs today and his new documentary on Prime Video, "Bye Bye Barry". See omnystudio.com/listener for privacy information.
On today's podcast: 1) The first truce since the war between Israel and Hamas erupted last month went into effect on Friday morning. The deal came after weeks of complex and delicate talks brokered by Qatar, the US and Egypt. The halt in fighting in Gaza is intended to last for four days. Hamas, an Iran-backed militant group, is meant to return 50 of the almost 240 hostages it captured from Israel, while the Israelis will release 150 jailed Palestinians and allow more aid into Gaza. 2) The Canadian mayor of Niagara Falls, Jim Diodati, said the Rainbow Bridge is expected to reopen in a day or two, after a car explosion that killed two people shuttered the busy crossing between the US and Canada. 3) Barclays Plc is working on plans to reduce costs by as much as $1.3 billion over several years, which could involve slashing as many as 2,000 jobs, according to Reuters. Full transcript:|Good morning. I'm Nathan Hager and I'm John Tucker. Here are these stories we're following today. The first group of Israeli hostages is expected to leave the Gaza Strip soon in a deal that's meant to return fifty of the nearly two hundred and forty captives that Hamas took from Israel. Israel plans to release one hundred and fifty jailed Palestinians. All involved are women and people under the age of nineteen. This stop in fighting is intended to last for four days. It marks the first major lull in this war since it began October seventh. Israeli Prime Minister Benjamin Netanyah, who says the military offensive will go on after that. We hope to get this first tronch out and then we're committed to getting everyone out, but we'll continue with our fore aims namly to eradicate Kamas, because Kamas has already promised that they will do this again and again and again. Israeli Prime Minister Benjamin Netanyah, who says he has delivered that same message in a phone call to President Biden. We had along with a hostage release, the deal will also allow for more AID into Gaza. Bloomberg's owner Aunt says the humanitarian aid is critical for the people at Gaza. The very first trucks that went in we're carrying cooking gas, which obviously is very critical for more than two million people are currently living in Gaza in what the UN calls a dire humanitarian situation. Bloomberg's owner Aunt reports Palestinians were emerging from temporary shelters and crowded the streets as southern Gaza as the AID trucks entered. Back in the US, we want to bring you update from the events that unfolded on the Rainbow Bridge at Niagara Falls this week. New York Governor Kathy Hochel says that bridge is back open after a car explosion on Wednesday killed two people and closed that crossing between the US and Canada. Hockel says there is no sign of terrorism so far. She adds a suspect of ties to Western New York has been identified. Investigation will determine if the blast was intentional or an accident. The holiday shopping season kicks into full swing today, with shoppers searching for Black Friday and Cyber Monday deals. Deloitte Saniel Thanksgiving survey. He finds consumers plan on spending and average almost five hundred and seventy dollars on both days. That's up thirteen percent from last year. And Bert Flickinger managed Rector with Strategic Resource Groups. As shoppers are feeling confident, however, they're using a new tool this shopping season. It's going to be by now, pay later. Fifteen percent of all purchases will be that way, and consumers are still taking on credit card debt, but sixty three percent of consumers will be buying with debit card and trying to put less on credit as interest rates have climbed and the average household has seventeen thousand and revolving unpaid credit card debt. Bert Flickinger with Strategic Resource Groups. As many consumers plan to do much of the shopping during Black Friday and Cyber Monday in order with their spending limits, traders are going to be following the traditional kickoff of the holiday shopping season today as well as SMP Global Manufacturing PMI data that comes after the Eco data dump we saw on Wednesday. It showed a drop in jobless claims and expectations that inflation will climb from the University of Michigan sentiment poll. The bond market is open till two pm Wall Street time today, and the New York Stock Exchange and the Nasdaq close at one and we're also following financial news in Europe this morning. Starting in the banking sector, Barkley's aiming to reduce costs by as much as one point three billion dollars over the next several years and could cut up to two thousand back office jobs that's about two percent of its workforce. This according to a report from Reuter's. Bloomberg's Jenny Serdaine says investors are looking for a renewed strategy after a disappointing third quarter. I think a lot of this is driven by investors just really being unhappy with how this company has been run. And so you've got you know, vin Kata Krishnan, their CEO, who's really looking at trying to take some big, bold moves here and promising that he's going to have a strategy update that will really make clear how to bring Barklays out of this position that they're in. Bloomberg's Jenny Strain says Barkleys could make more cuts in other areas outside the back office. Barkley's share is down about eleven and a half percent this year, and checking those shares now John they're up about a half percent in the pre market in London. Staying in Europe, the economic picture is getting darker in Germany. The German government is suspending a constitutional limit on net new borrowing for a fourth straight year as it struggles to recover from an energy induced downturn last winter. This move to lift the so called debt break will be part of a revised twenty twenty three budget. Chancellor Olof Schultz's government was forced into a radical budget overhaul after a ruling last week from the nation's top court. And turning to Asia, the Chinese government ramping up pressure on banks to support struggling real estate developers. Bloomberg's David English has more we here, trying to may allow banks to offer unsecured short term loans to qualified developers for the first time. These so called working capital loans would offer funds for day to day operations. The loans are different from other types of debt that require land or assets as collateral. We reported that authorities are finalizing this list of developers eligible for that aid. Sources say the list includes Country Garden and sign a Ocean Group. Country Garden shares jump twenty four percent yesterday on word that it was included in that list in Hong Kong. I'm David Ingliss Bloomberg Radio. Okay, David, thanks to earlier this week, oh Peck plus pushback and gathering to finalize output levels for next year by four days to November thirtieth. Now, the group says that meeting will take place online and now it's time to take a look at some of the other stories making news around the world with Bloomberg's Michael Barr. Good Morning, Michael, Good Morning, Nathan and Ireland. Violent clashes broke out in central Dublin after a five year old girl was seriously injured in a NiFe attack that also saw a woman and two other young children hospitalized. Police and the attack happened near a school. Soon after, at least one hundred people took to the street, some armed with metal bars. Police said. Over four hundred officers, including many and riot gear were deployed in Dublin city center to contain the unrest. The head of the Irish Police Guarded Commissioner Drew Harris. We have a complete lunatic hooligan faction driven by far right ideology, and also then this disruptive tendency here engaged in serious violence. Commissioner Harris says a person of interest, a man in his fifties, was arrested at the scene. New York City Mayor Eric Adams has been accused of sexually assaulting a woman in nineteen ninety three. The three page legal document does not contain details of the alleged assault. Adams denied the allegations absolutely not true. You know, I would never do anything to anyone, and it's just really say, you know, my career speaks for itself. The suit comes just hours before New York's Adult Survivor's Act expires, which eliminates the statute of limitations for accusers of sexual abuse to come forward. The filing seeks a trial and five million dollars in relief. Evacuation orders have been lifted near the scene of a tank or train derailment in eastern Kentucky. The trains operator CSXAS sixteen cars went off the rails Wednesday afternoon near the small town of Livingstone, Dustin Heiser with Kentucky Emergency management throughout this entire event. The safety of the public has been our number one concern. The derailment sent dangerous fumes into the air. UN Secretary General Antonio Guterrees is visiting Antarctica just before the COP twenty eight climate talks begin. Gu Terras called the continent's warming devastating warming air and ocean temperatures are causing Antarctic ice to melt. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Michael Barr, and this is Bloomberg Ninth It him Michael. Thanks. You can get much more Bloomberg on your dashboard with the new Bloomberg Business App featuring Apple Car Play and Android Auto. You get access to every Bloomberg podcast, live audio feeds from Bloomberg Radio, even print stories in audio form from Bloomberg News. Download it from the Apple App Store or Google Play. Connect your phone to your car and get started with the Bloomberg Business App. Presented by our sponsor, Interactive Brokers. Time now for the Bloomberg Sports Update, brought to you by tri State Outing. Good morning, Nathan, the NFL at the triple header on Thanksgiving, the Packers knocking off the lines in Game one twenty nine to twenty two of the Cowboys dominated the Commanders in Game two opics and stays in the block. That's to late on Hawker. Is that bliand news gott it you streaking out the sideline? He's not hol depeat. If he does, he's gonna play the record of a gain. He slipped through three Commanders defenders at clinics at out and he scores. That is his fifth fix six of the season. That's courtesy of the Cowboys Radio Network, Dallas dominating the Commanders forty five to ten in Dallas, while in Game three is the forty nine Ers all over the Seattle Seahawks thirty one to thirteen. Coming up today, kick off at three pm Eastern Time at Mettlife Stadium in New Jersey. It's the New York Jets hosting the Dolphins. New York comes in losers of three straight. End has made a quarterback change as Tim Boyle takes over for Zach Wilson. Offensive coordinator Nathaniel Hackid talking about Boyle, he has an unbelievable knowledge of the system. He has a tenacity when it comes to his preparation. I mean, he NonStop, from everything from every single drawing to every single thing on the game sheet. He prepares truly like a starter and has since day one. That's courtesy of ny Jets dot Com. In the NBA, a more in season tournament action. Today, the Knicks are home for the Heat. The Celtics on the road of the Magic. It's the Wizards playing at the Milwaukee Bucks. The Warriors are hosting the San Antonio Spurs. That's your Bloomberg Sports update. I'm Dan Schwarzman from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We continue to monitor developments in the Middle East, where the first pause in fighting between Israel and Hummas in more than six weeks appears to be holding, and it comes after weeks of delicate talks aimed at releasing some of the nearly two hundred and forty hostages that HUMMAS captured in the deadly October seventh attack on Israel. For more, we are joined by Bloomberg's Henry Mayer, who is part of our team of reporters who has been covering this war in the Gaza strip since it began. Henry, good morning. Get us up to speed on developments thus far are since it does look as though this truth is underway and does appear to be holding. Yes, good morning. Well, the truth started at about seven o'clock in the morning local time, and they haven't been any indications of any violations. And you know the importance next stage is going to be the release of thirteen hostages which are being held in Gaza currently. That is expected at four pm local time, and on the same day at thirty nine Palestinian prisoners. All of these are women and people aged under the age of nineteen children in the case of the hostages, and in the prisons you're looking at youths aged under nineteen. So you know, I can't stress how difficult this process has been to even get where we are today. It took weeks of very very difficult diplomacy, secret diplomacy. It broke down at certain stages. But of course, you know the problem is that it's for four days only today have been for the Gaza residents two point one million of them who've been living under daily bombardment for almost seven weeks. Today they finally came out, They left the shelter, they were able to walk around. But of course, at the back of their minds is they know that this arrangement may only last for four days, could be extended up to ten. But we don't know that yet. Before we get to what comes after, we do need to continue to discuss what comes in the midst of this pause. Part of this deal was to get more humanitarian aid into Gaza as well. Have we seen signs of progress there? Yes, we have. You know, there are trucks which are entering through the border with Egypt, the Rapha crossing. We understand from HOMAS officials border officials they expect two hundred trucks to enter Gaza today. This is significantly more than has been allowed to Gaza in recent weeks, but it's still much less than used to come prior to the war, five hundred a day. So the amount of aid that Gaza needs, you know, is way more than what is going to becoming in the next few days. But obviously it's a step in the right direction. And what about the distribution of that aid, because We've heard reports from the United Nations and other non governmental organizations in the area that they have suffered through these bombardments over the last several weeks as well. I mean, what's the difficulty in getting aid into and distributed through Gaza when we've seen so much destruction over the last several weeks. Well, obviously one of the greatest difficulties is the fact that you have an active war zone and it's extremely dangerous to move around. Secondly, there's an acute lack of fuel, so Israel imposed a complete blockade on fuel deliveries initially, and in the recent a week or so it has been allowing in very small quantities of fuel to be used only by the United Nations for transportation purposes. But the quantities of fuel coming in the UNSA that they're completely inadequate for its operations. So yeah, that is something which is still a big problem in the time we have left, Henry, Let's talk about what comes after this pause. We did hear from Israel's Prime Minister, and we've heard from him several times that he does not want the war to end even after this pause expires, but he is under a lot of pressure, particularly from the United States to at least change some of the conduct of this war. What can we expect going forward. I mean, I think that the pressure is only going to increase, and it's not only international pressure, and you mentioned the United States, that's very important. At the same time, there's a domestic issue here, the issue of the hostages. Two hundred and forty were taken into Gaza until now only a handful have been released. Fifty are going to be set free over the next four days. Some of these people are going to be giving interviews, They are going to you know, the public awareness of the hostagism and the kind of conditions in which they are living in Gaza is going to be accentuated, and I think that is going to be something that will weigh very heavily on the Israeli government. Probably not sufficient to get them to stop the conflict at this stage, but I think we are getting closer to that point. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed by six am Easter each morning, on Apple's Spotify and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time, on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, Sirius xmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm John Tucker. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg day BreakSee omnystudio.com/listener for privacy information.
Los mercados en Europa están planos en Día de Acción de Gracias en EE.UU.; Crudo en baja por peleas internas en la OPEP+; MIlei dice que Luis Caputo podría ser ministro de Economía; Andreína Itriago (@inaitriago), periodista de Bloomberg News en Caracas, explica el polémico referendo en Venezuela por el control de la región del Esequibo.Locución: Ivana Bargués (@ivanabargues)Producción: Eduardo Thomson (@ethomson1)Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
Los mercados están mixtos a la espera de datos de empleo en EE.UU. y los feriados del Día de Acción de Gracias; Sam Altman vuelve a la empresa de inteligencia artificial OpenAI; Hamas e Israel anuncian pausa a ataques por cuatro días; Milei promete cortes drásticos de gastos; Michael D. McDonald (@mdmcdonald), quien cubre Centroamérica para Bloomberg News, explica la crisis política en Guatemala que busca impedir que Bernardo Arévalo asuma la presidencia. Locución: Ivana BarguésProducción: Eduardo Thomson (@ethomson1)Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
When fast-food chain Raising Cane's tapped the US capital market this month, it revealed a $7.6 billion fortune held by CEO Todd Graves. Strong demand for the chicken-finger maker's bonds highlights growing investor appetite for risky debt as the US economy appears headed for a soft landing, Bloomberg News reporter Michael Tobin tells Bloomberg senior editor James Crombie in this episode of the Credit Edge podcast. And it shows consumer spending holding up despite inflationary pressures, Tobin says. Also in this episode, Bloomberg Intelligence senior analyst Mike Holland weighs the outlook for US health care. Some highly-indebted companies like Community Health Systems and Bausch Health are hitting a wall as liquidity dries up, while others like HCA Healthcare are thriving, Holland says.See omnystudio.com/listener for privacy information.
Crecen las apuestas de recortes de tasas de la Fed para marzo; directorio de OpenAI ahora trata de atraer de vuelta a su fundador Sam Altman; la chilena Codelco eleva inversión en mina clave; Sheinbaum dice que la austeridad es una de sus metas; Patrick GIllespie (@Pat_Gillespie); jefe de la oficina de Bloomberg News en Argentina, comenta la reacción de mercado tras la elección de Javier Milei.Locución: Ivana Bargués (@ivanabargues)Producción: Eduardo Thomson (@ethomson1)Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
What do orgasms, business, and cults have in common? I'm sure not many of us thought about that until a new documentary on Netflix aired called “Orgasm, Inc: The Story of OneTaste.” When does a business become a cult and can a cult be a business?Ellen Huet is an award-winning journalist who currently writes for Bloomberg News and Bloomberg Businessweek. She is writing a book about OneTaste, a sexual wellness company that's alleged to be a sex cult. She also hosted a seven-episode Bloomberg podcast series about the rise and fall of WeWork. How OneTaste portrayed itself as a sexual wellness companyWho started OneTaste and what was the appeal?What do cult dynamics look like within organizations?How WeWork and other startups have displayed cult dynamicsWas OneTaste successful?The latest on the legal inquiries on OneTaste--Visit Barry's Blog for complete show notes.The Small Business Radio Show is sponsored by AnswerConnect.AnswerConnect provides around-the-clock customer service support. Your customers are guaranteed to reach a real person every time they call. Get 50% off three months of their best value planThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3306444/advertisement
Dan Ives, Senior Equity Analyst at Wedbush Securities, joins to discuss the latest on OpenAI, Microsoft, and gives us a preview of Nvidia earnings. Sinead Colton Grant, global head of BNY Mellon Investor Solutions, joins to discuss the firms' Capital Market Assumptions report and outlook for a soft landing in the US. Ed Harrison, Senior Editor at Bloomberg News and author of the “Everything Risk” column and Liz McCormick, Chief Correspondent of Macro Markets at Bloomberg News, join for a roundtable discussion on risk assets, the 20-year-bond treasury auction, and outlook for bond and equity markets. Matt Sigel, Head of Digital Assets at VanEck, joins to discuss the Wall Street Journal report on Binance CEO CZ Zhao agreeing to step down and plead guilty. Hosted by Paul Sweeney and Bailey LipschultzSee omnystudio.com/listener for privacy information.
El dólar sigue en baja; Microsoft le da trabajo a fundador de OpenAI tras su salida de la empresa; Javier Milei gana la segunda vuelta con amplia ventaja en Argentina; Ivan Weissman (@ivanwese), editor del medio chileno El Mostrador Mercados, explica el "escándalo audios" en Chile.Locución y guión: Ivana Bargués (@ivanabargues)Producción: Eduardo Thomson (@ethomson1)Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
Neil Long used to be responsible for app rankings on the Apple iOS Store before founding Mobilegamer.biz, a site aimed at increasing mobile games coverage. Jason Schreier is a long-standing games journalist with a career spanning Wired, Kotaku, and now Bloomberg News; he's famous for exposing industry crunch, lobbying on behalf of the developer, and depending on who you ask, exposing unofficially announced games. Your host, Alexandra Takei Director at Ruckus Games, and her guests debate the role of journalism in games: how the processes and structures of what seat you are writing from influences what you choose to cover, what standards and bylaws do you develop as a journalist to ensure high quality reporting, and how the gaming industry has been impacted by the reporting done by both guests. Finally, we discuss whether gaming journalism itself can survive as a business, and if so, how. This episode is brought to you by CleverTap Gaming, the all-in-one platform for creating personalized player experiences. Visit https://clevertap.com/gaming/ for more details. If you like the episode, please help others find us by leaving a 5-star rating or review! And if you have any comments, requests, or feedback shoot us a note at firstname.lastname@example.org. Watch the episode: YouTube ChannelFor more episodes and details: Podcast WebsiteFree newsletter: Naavik DigestFollow us: Twitter | LinkedIn | WebsiteSound design by Gavin Mc Cabe.
DR. ABBY LEV is a psychotherapist, author, mediator, international speaker and executive coach in San Francisco, California. She is the director of the Bay Area CBT Center, a clinic that specializes in Cognitive Behavioral Therapy (CBT) to help individuals and couples break unhelpful patterns, develop healthier habits, and improve all areas of life. She has presented her research at numerous conferences and her work has been featured in various news outlets such as: The New York Post, CNBC, Forbes, Huffington Post, Business Insider, Dr. Drew, Bloomberg News, Verywell Mind, MSN, Psych Central, Psychologists Off the Clock, Dateable, along with others. Dr. Lev is also the founder of CBTonline.com, an online platform that connects people with online therapists who specialize in behavioral therapy and offers CBT resources such as webinars, online courses, videos, worksheets, mindfulness audio, and much more. Abby utilizes evidence-based practices to help people who are struggling with a variety of issues live happier and more fulfilling lives. She also discusss Narcissistic Personaity Disorder (NPD), various attachment styles and "schemas" using examples from her years of practice. www.bayareacbtcenter.com www. cbtonline.com
Suben las apuestas de recortes de tasas de interés tras débiles datos económicos en EE.UU.; IBM suspende su publicidad en la plataforma X; Ignacio Olivera Doll (@ioliveradoll), periodista de Bloomberg News en Buenos Aires, explica la divergencia entre lo que indican las encuestas y el mercado para las elecciones presidenciales de Argentina.Producción: Eduardo Thomson (@ethomson1)Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
On today's podcast: 1) Presidents Joe Biden and Xi Jinping emerged from their first meeting in a year betting that a handful of small victories will arrest a surge in US-China tensions that has unnerved neighboring nations and threatened global economic growth. 2) President Joe Biden said he still believed his Chinese counterpart Xi Jinping was a dictator, casting a shadow over what both sides had characterized as their most productive meeting to date. 3) The US Senate overwhelmingly approved a temporary funding measure to avert a government shutdown, delaying a partisan clash over federal spending until the new year and leaving out emergency aid to allies Ukraine and Israel. 4) The Cleveland Browns announce QB Deshaun Watson is out for the season. Full transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the high stakes meeting between Presidents Joe Biden and she Jinping. They met for more than four hours on the sidelines of the APEX summit in San Francisco. President Biden called his discussions with China's leader some of the most productive he's ever had. I've been meeting with President Sheeshu's both us for vice president over ten years ago. Our meetings have always been canda stradeforward. We haven't always agreed, but they've been straightforward, and today build on the groundwork related over the past several months of high level diplomacy between our teams, We've made some important progress, I believe, and President Biden's words were echoed by President she China is ready to be a partner and friend of the United States. The fundamental princippos that we follow in handling China US relations are mutual respect, peaceful co existence, and wing wing corporation. China's president spoke there through an interpreter, but after the gathering, President Biden was asked whether he still considers China's leader a dictator. Look, he is. I mean he's a dictator in the sense that he is a guy who runs the country. That is collin Cocu based on formagart totally different than ours. And after President Biden's remark, China's Foreign ministry called the statement extremely incorrect and irresponsible political manipulation. Well Nathan asked for the actual meeting, Both Biden and Shi jinping Is say they reached a number of agreements. Bloomberg's ed Baxter has that part of the story, as well as fentanyl. High on President Biden's list is opening communication between the country's militaries. We're reassuming military to military contact direct contacts. As a lot of you press know follow this that's been cut off and it's been worse, and that's how accidents happened. Biden also saying the two agreed on finding ways to control ai Biden also says he was assured that China has no plan to invade Taiwan. Now. She did say that he told Biden that the US should not have plans to suppress China and also ask for sanctions to be removed. In San Francisco, I'm at Baxter Bloomberg Radio, and thank you. Some of Wall Street's elite attended dinner with Si Jinping. Black Rocks Larry Fink and Stephen Schwartzman of Blackstone were among the top executives seated at the Chinese leader's table, according to a program seen by Bloomberg News. Other big names and attendance were Apple's Tim Cook, Bridgewater associates Ray Dalio, and Pesla says Elon Musk also met with President she yesterday. Well Nathan some major developments out of Washington to avoid a government shut down. In a late night vote, the Senate overwhelmingly approved the House's short term spending bill. Bloomberg's Amy Morris reports from Washington. President Biden is expected to sign the bill that will extend government funding at current levels through two deadlines, one in mid January, the other in early February, but the bill did not include aid for Israel nor Ukraine. Senate Majority leader Chuck Schumer says that will be lawmaker's next priority after the holiday break. Both sides genuinely care about approving aid to Israel and Ukraine and helping innocent civilians in Gaza, so I hope we can come to an agreement even if neither side gets everything they insist on. And now the risk of partial government shutdown moves to January as House Speaker Johnson faces criticism from within his own party because he did not include deep spending cuts or changes to immigration policies. In Washington, Amy Morris Bloomberg Radio, Thank you. We now turned to the latest developments in the war in the Middle East. The Israeli military says it found a Hamas command center, weapons and technological assets at the Alshifa Hospital in Gaza City. Middle Eastern countries, including Jordan and Turkey, have condemned the raid. Israeli Prime Minister Benjamin Netanyahu, speaking through an interpreter says he makes no apologies for sending troops in. But we were told that we would not reach the outskirts of Gaza city. We arrived. We were told that we won't end to Shifa, but we entered, and in this spirit we say simple thing. There is no place in Gaza that we will not reach. Prime Minister Natanya, whose comments come as The Washington Post reports discussions are underway on a potential deal that would see Hamas free fifty women and children hostages in exchange for an extended pose and fighting, and the release of some Palestinians held in Israeli prisons. Well, Nathan, we turned to the markets now, and shares of Cisco plunging, the drop coming after it gave a disappointing forecast. We get more from Bloomberg's Doug Prisner CEO Chuck Robbins, who's trying to rea doue Cisco's dependency on one time sales of equipment by pushing deeper into software and services such as security. But the transition isn't complete enough to cushion Cisco from smaller corporate budgets, and the company is now projecting the weak environment. Will Linger because customers are taking a break from new orders to installed gear they've already received. In New York, I'm Doug Prisner, Bloomberg Radio. All right, Doug. Thanks, and Cisco's shares are down nearly eleven percent in the pre market. Earnings continue this morning, with the nation's biggest retailer reporting. Get a preview of that from Bloomberg's Tom Busby. Walmart's expected to report that sales growth slow to four percent last quarter. That's less than half the pace from just a year ago as consumers pulled back on their discretionary spending, but sales of food and healthcare products should be resilient and outpaced demand for that general merchandise adjusted ernis per share estimated to be a dollar fifty two total revenue of one hundred and fifty nine point one three billion dollars. Tom Buzby, Bloomberg Radio, all right, Tom, Thanks. Well. In Europe, shares a Berber down almost nine percent. The UK luxury retailer is warning this year's revenue target maybe out of reach after sales barely grew in the most recent quarter. And Karen, we have a big deal for chocolate lovers this morning. US Candy company Mars, has agreed to buy the UK's Hotel Chacalott Group for more than six hundred and sixty million dollars. That price tag represents one hundred and seventy percent premium to Hotel Chachalot's closing price yesterday. All right, Nathan, thanks, it's time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. Amy, Good morning, Good morning, Karen. US. Capitol police officers say one person was arrested following protests outside Democratic National Convention headquarters in Washington, DC as part of a pro Palestinian rally. Protesters got into a shoving match with Capitol police officers that arrest being made for assault. Six Capital officers also suffered minor injuries. Pepper spray was used on protesters and DNC members were evacuated. Billionaire Elon Musk endorsed an anti Semitic post on x the social media site that he owns, that attacked members of the Jewish community for pushing dialectical hatred against white people. Musk said in his reply to the post, quote you have said the actual truth. Musk has repeatedly been criticized for promoting content attacking Jewish people at a time of rising anti semitism. After a year of strikes in Hollywood and the auto industry, now it's Starbucks turn. The union representing thousands of Starbucks workers is staging a one day walk out today, coinciding with the Red Cup Day. It's one of the coffee chain's busiest days of the year. Daisy feederspiel Bayer is a supervisor in Seattle. I really wish that I could be in there serving you coffee. I do, but with the drastic understaffing and the toll that that takes on our barista's Unfortunately, we have to push for better and we aren't getting that from Starbucks right now. Starbucks Workers United represents nine thousand employees at three hundred and sixty stores. They want better wages, benefits, and the right to bargain. The Thanksgiving travel rush is about to begin. Bloomberg's Nancy Lions with the latest The Transportation Security Administration says the official travel window lasts twelve days, beginning Friday and running through to the Tuesday after Thanksgiving. During that time, the TSA expects to screen twenty eight million passengers. John Bush is Federal Security Director for the TSA. The best tip we can offer is to ask everyone to arrive early for your flights. The recommendation is always two hours before domestic flight three hours before an international flight, and that's going to be even more important this coming holiday weekend. Bush says they do have the staffing and the technology in place to ensure that everything runs smoothly. In Washington. Nancy lyons Bloomberg Radio Global news twenty four hours a day and whenever you want it with Blueberg News Now, I maybe Morrison, this is Bloomberg Karen Amy. Thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour. John Daren should be a good Thursday night game to kick off Week eleven in the NFL. It's an AFC North battle between the Bengals and Ravens in Baltimore. Both teams at four game winning streaks come to an end this past Sunday, losing right at the end of their game. Cincinnati beaten by Houston, and the Ravens blew a two touchdown lead and lost to Cleveland. The Baltimore quarterback is Lamar Jackson. Every game is a musk win for us, you know, not just cousin is in a division game, but we we definitely, I believe our team is definitely a lot hungrier just for more happened Sunday in a division loss in the closed game. We definitely hungry as well. So the Clinton Browns had that big win in Baltimore, led by their quarterback Deshaun Watson. He was fourteen to fourteen of the second half. He battled an ankle injury, and yesterday it was learned that his season is over because of a fractured shoulder. He needs surgery. He's had shoulder problems before. Justin Fields has been out three games with the thumb injury in Chicago. He's expected to return on Sunday NBA in Philadelphia, Battle in the East and the Celtics beat the Sixers one seventeen to one oh seven. Facing Tatum led the way twenty nine points, eight rebound, six assists. The Celtics are nine and two. The Sixers were eight and one. They've now lost their last two. Milwaukee beat Toronto for the new Buck Damian Lillard thirty seven points thirteen assists. The Wizard struggles continue a home loss to Dallas one thirty to one seventeen. The MAVs are nine and three. The Wizards are two and none. The Knicks but one by two in Atlanta. John stash That were Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We've made some important progress. We heard those words from President Biden after his first meeting in more than a year with the leader of the People's Republic of China, Shi Jinping. President says two leaders are restoring military to military communications and they plan to keep talking at the highest levels in the United States, will continue to compete vigorously at the PRC, but will manage that competition responsibly so doesn't veer into conflict for accidental conflict. That was President Biden after his more than four hours sit down with China's leader on the sidelines of the APEX summit in San Francisco, and joining us with more from Singapore is Berg News Managing editor Derek Wallbank. Derek, it's good to have you back with us this morning. Going into these talks, the White House said just talking would be a deliverable. What kind of deliverables can we say We're gleaned from this gathering between Presidents s Biden and shape Well, Nathan, they certainly talked. You know. Yeah. It's funny because in that relationship here, we've seen ebbs and flows between real, real static, real problems, and and times when it has seemed maybe a little bit sunnier, maybe a little bit more placid. I borrow an observation that Singapore's Foreign minister made last week at the Bloomberg New Economy Forum here in Singapore, which was that you shouldn't on US China relations confuse weather with climate. Things might look a little bit more peaceful right now, certainly in the face of this meeting that seemed to go mostly okay, But the for all climate of the US China relationship is still one with a lot of tension points. There were not major fundamental issues resolved here. This is not like we have a giant breakthrough on Taiwan, for example. So so whether a little bit nicer climate overall still very much progressing in the in the in the ways that it was sticking with the weather analogy, I guess maybe one dark cloud in that otherwise sunny gathering could be that question that the President received from a reporter when asked whether he still considers China's leader a dictator, and he basically said yes, he did, he said, he said emphatically yes. And and look, this is one of those things where China does take offense to this. You know, they don't like the term, they don't like it being used about them. But at the same point, the thing I think that bears watching is whether or not China blow it up into a whole big thing and says, right, well, this is some offense and we want to change the tenor of our leader to leader engagement or the relationship more broadly, it doesn't initially seem like that is happening. Remember Joe Biden said this before, and we're still on a path where they've gone to me, she went to the United States. That's actually something that's a big symbol for this meeting. So I'm not sure that that's necessarily going to derail everything here. Where I think it's much more likely if you were looking for risk problems is to look in the South China Sea, specifically off the coast of the Philippines, and some of the territorial disputes that are there, some of the trade disputes that are there. Those are places that I think are potential fracture points. But look, if you're sitting there saying are things a little bit better in the relationship between China and the US than they were this time yesterday, the answer is yes, they are a little bit better. You're going to see maybe some small tangible things including possibly, let me say, you might see some pandace come back to the US. We did hear that mentioned right by the leader of China. But when it comes to those small steps in our last minute here, Derek, what are some of the broader issues that could still lead to some of these overarching tensions that we do continue to see between the US and China. Well, I think, you know, on the good side, you've seen that the US and China are trying to do a little bit more on reducing fentanyl. On the good side, you are seeing Biden said they're agreeing to talk a little bit more military to military, and Biden said that they had an open line between the two of them. If one calls the other, they'll pick up the phone. But I do think on that broad thing, that the broad issue of trade, the broad issue of of China's state craft and military ambitions, those are real fracture points, and those are as I say, structural climactic fracture points, and that's going to be something that these two countries are going to have to very carefully manage going forward to make sure that they don't actually escalate. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one six to one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, serious XM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak See omnystudio.com/listener for privacy information.
Private credit's rapid growth and lack of transparency are concerns to be monitored as funding costs jump, says Fraser Lundie, head of fixed income at Federated Hermes in London. Steep rises in interest payments for lower-rated companies are “not going to be absorbed cleanly and easily,” he tells Bloomberg News senior reporter Lisa Lee and senior editor James Crombie. “The lack of look through is something that I find it quite difficult to have conviction on,” adds Lundie, referring to private debt. Federated Hermes manages about $715 billion in assets. Also in this episode of Credit Edge, Bloomberg Intelligence analyst Pri de Silva analyzes the additional tier 1 bond market, which is staging a comeback and offering double-digit returns. More issuance from Japanese banks provides opportunities for diversification, he adds. See omnystudio.com/listener for privacy information.
In his new book "Number Go Up," Bloomberg News investigative reporter Zeke Faux takes readers on a wild ride through the world of cryptocurrency, from its origins in the dark corners of the internet, its meteoric rise to mainstream popularity, and finally its equally precipitous fall. A few days after the 'convicted' verdict in the trial of beleaguered crypto entrepreneur Sam Bankman-Fried (SBF), Faux joins Bethany and Luigi to make a case for why we should judge cryptocurrency by what it has done and not what it can do. They discuss whether it is too soon to write crypto off, what larger commentary it offers about capitalism, and why Luigi, who teaches a popular MBA course on fintech, feels "crypto is money that can only be created by computer scientists who don't understand history."Show Notes: Revisit a 2017 Stigler Center mini-course by NYU Stern Professor David Yermack on the potential implications of blockchain technologies on the future of finance.
Mercados decepcionados tras reunión entre Joe Biden y Xi Jinping en San Francisco; Senado de EE.UU. evita un nuevo cierre del gobierno; México aprueba una nueva reforma al mercado de capitales; Petro quiere revocar la regla fiscal de Colombia; conversamos con David Papadopoulos, anfitrión del nuevo podcast Elon Inc. Produce: Eduardo Thomson (@ethomson1)Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
Cifras de inflación por debajo de lo previsto en EE.UU. y el Reino Unido refuerzan apuestas de que las alzas de tasas llegaron a su fin; XI Jinping llega a EE.UU.; Marien López Medina (@MELopezMedina) comenta como el retraso en procesar permisos de trabajo de EE.UU. afecta las cifras de empleo.Producción: Eduardo Thomson (@ethomson1)Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
On today's podcast: 1) Israel and Hamas trade accusations over Gaza hospitals and President Joe Biden called on Israel to take “less intrusive action” at the al Shifa hospital — the latest sign the US wants fewer civilian casualties. Israel says Hamas uses hospitals as bases for its operations. 2) Joe Biden and his Chinese counterpart, Xi Jinping, are set to announce an agreement that would see Beijing crack down on the manufacture and export of fentanyl, according to people familiar with the matter, potentially delivering the US president a major victory. 3) House Speaker Mike Johnson is counting on Democrats to overcome misgivings and approve his proposal to avert a US government shutdown. 4) Denver Broncos beat the Buffalo Bills on Monday night football Full transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Let's get you caught up on what's happening in the Middle East. The focus is turning to hospitals in Gaza, where Israel accuses Hamas of housing command centers and weapons. President Biden says the Alshifa Hospital in Gaza City must be protected. I have not been reluctant and especially my concerns going on and is my hope and expectation that there will be less intrusive action role through hospital. President Biden's concern about civilian casualties is being answered by Israel's Economy Minister Near Barkat, do you understand that we have to wipe isis Comeaus off the map and we will do it with minimal collateral damage. This is our values. We don't need to be told that we know that ourselves Israelly Economy Minister Near Barcott spoke on Bloomberg Business Week. You can hear more of his comments on the BusinessWeek podcast. Download it wherever you get your podcasts. Well, Nathan. As the war goes on, tens of thousands of Israel supporters are gathering in Washington, d C. To show their solidarity. On Bloomberg's Amy Moore, supports from the nation's capital. Organizers are expecting up to one hundred thousand people to attend today's event on the National Mall Capitol Hill. Security will be boosted, access to the capital will be restricted. Roads are being closed. DC police have requested assistance from the National Guard and the Department and If Homeland Security has designated the march a Level one security event that's the highest rating of risk assessment. The FBI says there's no specific threat, but there is fear of loan actors attacking pro Israel demonstrators coming to DC. The event begins at one this afternoon on the National Mall in Washington. I maye more is Bloomberg Radio, Oka, Amie, thank you staying in Washington. This could be a critical twenty four hours in Congress's attempt to keep the government funded. Bloomberg Zed. Baxter has the story. House Speaker Mike Johnson says he'll bring the bill to the House floor in spite of negative reaction from the right wing of his party, who wanted spending cuts included. Senate Majority Leader Chuck Schumer has opened the door to a settlement for now. I am pleased that Speaker Johnson seems to be moving in our direction by advancing a cr that does not include the highly partisan cuts the Democrats have warned against. And President Biden also has often saying he'll wait to see The deadline is Friday midnight, add Baxter, Bloomberg Radio. All right, and thank you well. We turned to the economy now, and we get the first of two big readings on inflation this morning. With the consumer price index for October. Economists say inflation probably ease to an annual rate of three point three percent, and we get a preview from Bloomberg's crety GUPDA. There are some varied estimates here, but I think the takeaway is simply that some of the disinflation, the progress essentially that has been happening in the US economy when it comes to inflation, is going to slow down. So it's not that it's going to increase, but it's also not going to be making as much downward progress as we expect, at least has to take out of Bloomberg Economics, and I think that's the concern here for a lot of the people who are pricing in a more dubvish Federal Reserve, which is simply that this is going to be the key data point that suggests the Federal Reserve is not done hiking at all. You heard Chairman Powell last week hint at that and kind of say, well, we're going to be as hawkish as we need to be. This is the data point that might back that up. And Bloomberg's CRETTY group disays today's inflation data is not likely to shift traders views on the fits December meeting, days after the US was threatened with the loss of its last top credit rating from Moody's the Treasury Secretary is firing back. Janet Yellen spoke in San Francisco yesterday. This is a decision that I disagree with. The American economy is fundamentally strong, and Treasury securities remain the world's pre eminent safe and liquid ASCID Secretary Yellen's in San Francisco for meetings with finance ministers from across the Pacific, Rim Nathan. The big meeting from the Asia Pacific Economic Cooperation Summit comes tomorrow, when President Biden speaks with this Chinese counterpart, seson Ping. Bloomberg News has learned the two leaders will announce an agreement that could see Beijing crackdown on the manufacturer and export of fentanyl. We spoke about the opioid crisis with San Francisco Mayor London. Breed resources that are being sent out of China that come into either the US or Mexico are cut off to the fullest extent possible. That we work together in order to ensure that this deadly poison that is killing people in San Francisco in significant numbers and all over the country, that we're able to combat this to stop it. San Francisco Mayor London Breed says fentanyl has devastated her city like no other drug in her lifetime. Let's turn to some corporate news now, Karen, we have a takeover in the commodities industry. Switzerland's Glencore has agreed to buy a majority stake in Canada's tech resources coal business for more than six point nine billion dollars. The d ns a month's long saga and sets the stage for glen Core to spin off its own coal unit. Well, Nathan, a big week for retail earnings kicks off with Home Depot. We're reporting this morning, and we get a preview with the Bloomberg's Tom Busby. Home Depot forecast report a fourth straight quarterly decline at same store sales as the one to two punch of surging mortgage rates and record high home prices caused a slump in US home sales, putting it in to the home improvement boom we saw during the pandemic. Bloomberg consensus calls for comp sales to fall three point three one percent, of the decline in the US three point six seven percent. Still, net sales expected to be thirty seven point seven billion dollars, So just at earnings per share of three dollars seventy six cents. Tom busby Bloomberg Radio, All right, Tom, thanks back to commodities. The International Energy Agency says global oil markets won't be as tight as expected this quarter. IEA says sea supply tipping back into a surplus in the first half of twenty twenty four. Sorry, Nathan. Thanks. It's time now for a look at some of the o their stories making news around the world, and for that we're joined again by Bloombery sa Amy Morris Samy, Good morning, Good morning, Karen. There is growing concern about a possible government shutdown later this week, but that could also spell chaos for millions of Americans planning to travel during the holiday season. Without a deal in Congress by this Friday night, air traffic controllers and TSA workers could be forced to work without pay. And this is expected to be a record travel season. David Cymour, as chief operating officer with American Airlines, We're going to carry more customer than we ever have before, about a half a million more than last year. And House Speaker Mike Johnson has submitted a stopgap measure, but that doesn't include any money for Israel. Or Ukraine, and it doesn't have spending cuts that a lot of Republicans want. The US Supreme Court has adopted a new code of conduct, the first in the Court's history. Loyola Law School professor and former federal prosecutor Laurie Levinson says the adoption of the code itself is significant. There has been a great deal a criticism of the Supreme Court. Much of it has been focused on Justice Thomas and Justice Alito because they received gifts, they haven't made full disclosure of travel and other types of benefits, and so now we have a clear standard. But critics call the code itself toothless because it doesn't include a mechanism for enforcement. A former attorney for Donald Trump has testified against the former president and the Georgia election interference case. Jenna Ellis recounted a conversation with Dan Scavino, who served as Trump's deputy chief of staff. Video recording of that testimony was obtained by The Washington Post. He said, well, the Boss, meaning President Trump, and everyone understood the Boss, That's what we all called him. He said, the Boss is not going to leave under any circumstances. We are just going to stay in power. Trump's lead counsel in the Fulton County case says Ellis's testimony is absolutely meaningless. Ellis is one of four co defendants to plead guilty in that case out of eighteen people, and died it Alongside Donald Trump, the president of the United Auto Workers Union is headlining a hearing on Capitol Hill to talk about the resurgence of unions. UAW president Sean Faine, along with Teamster's president Sean O'Brien and Flight Attendance Union president Sarah Nelson, will provide testimony before the Senate Labor Committee on the role of unions in the lives of working families. Global news twenty four hours a day and whenever you want it with Bloomberg News Now, I may Mee Morris in this is Bloomberg Karen sor right, Amy, thank you, Alby do bring you news throughout the day right here on Bloomberg Radio. But as Amy said, you can get the latest news now on demand when you wanted. Subscribe to Bloomberg News Now to get the latest headlines it the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update with John stash Hour John Karen. On Sunday, four NFL games were one on a field goal on the final flight, and happened again last night in Buffalo. Denver's Will loves kick the thirty six yard field goal the Broncos upset the Bills twenty four to twenty two. Lutz had missed a forty one yarder, but the Bills got called for twelve men on the field and he got a second chance to win the game for Denver, who has suddenly won three games in a row after starting the season one and five. It's been a disappointing year for the Bills, four time defending AFC East champions, and they are right now just five and five. The Celtics are eight and two. They're five and zero at home. They beat the Knicks thirteen to ninety eight. Jason Tatum led the way with thirty five points. Jalen Brown had twenty two. Christophs Pazinga scored twenty one. The Wizards are just two and eight. Kyle Kuzma keeps scoring points. He had thirty four, but Prosco Siaka went for thirty nine in Toronto and the Raptors won one to eleven to one oh seven unanimous winners for the Baseball Rookies of the Year, the first of the postseason awards to go out as expected. Arizona outfielder Corbin Carroll got every vote in the National League after season where he hit twenty five home runs and sole fifty four bases, and Baltimore short stoff Gunner Henderson won unanimously in the American League. He hit twenty eight home runs and scored one hundred runs. Michael Malong got his contract extension in Denver. He coached the Nuggets to the NBA championship last year. Terms not known. He's been the Nuggets coach in twenty fifteen. John Stashedward Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Sirius, Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. Israel's war with Humas now appears to be centering on hospitals in Gaza, where the Palestinian militant group is accused of housing command centers and weapons. President Biden is saying the main hospital in Gaza City, Alshifa, must be protected as Israel intensifies its ground campaign. For the latest, we're joined now by Bloomberg's Oliver crook Oli. Good morning, get us up to speed on the situation in a northern Gaza, particularly around these hospitals that do now appear to be the center of attention. Yeah, so Nathan completely in the center of attention, and the ground offensive is still just raise it raging on in the northern part of Gaza, really cementing their positions around Gaza City and entering Gaza City. As we've seen, we've also heard that a great number of people have fled over the last ten days. The UN says that more than two hundred thousand people have moved south. That brings the total of almost two thirds of Gaza's a population of two point three million people that have fled their homes. The Defense Minister of Israel says that Hamas has lost control of Gaza at this stage. But really, as you say, the focus is on these hospitals and really beginning to test the limits of where the limit of self defense is, which has been really a question, I think for everybody since the beginning of this conflict, and everyone has a different answer to that. But we're starting to see that progress a little bit, particularly with the United States, which as we know, is a key ally for Israel in this battle. No, we did speak to Israel's economy minister Near Barkat on Bloomberg Radio and he seemed to echo a lot of the determination we're hearing from the Israeli government to destroy Hamas. It does make you wonder what those limits are. Lallie. I think it's a good question, and it's going to be in determined I suspect in part by what the United States says and how they say it. Right, So we're talking about a death toll. This is according to the Palestinian authorities, of more than eleven thousand people in Gaza, right, and two thirds allegedly are going our women and children. This is an absolutely huge figure of people and many of the allies of Israel. You know, you heard it from President mac Hole on Friday, who himself called for a ceasefire. And now You're starting to hear Joe Biden talk about restraint, Blincoln himself saying that too many Palestinians have been killed, Sullivan saying no firefights and hospitals, And we know that it is that sort of the US's behes that we got some of these humanitarian pauses. So really the question is where does it reach its limit? Again, So a lot of this stuff is going to be behind the closed doors, the discussions with Biden and Netanya who not taken out into the public, but you're starting to notice it in a lot of the public statements we're hearing from US officials. And as this fighting goes on and it compares to intensify, the question goes on as to how much longer this war can continue, how much more intense we could see that fighting take place, particularly around these population centers that do have very sensitive operations in Gaza City completely. And then there's the after question as well. But let's deal with the for how long question, which is you know, again, what Netanya who has said, and he said this as recently as a day or two ago, was that it will take not many years, right, So he's not ruling out the year's quantity of time. In this he says it'll take less time than the US took in defeating ISIS and al Qaeda, which again does not really narrow a very sort of slow and small window of period of time. But he's, you know, from the very beginning, giving himself a lot of flexibility in terms of how long this can go. And now the real question this we see another split potentially between the US and Israel, is what happens afterwards netnya who's suggesting that they will have indefinite control over Gaza. The security operations said, they say they don't want to rule it, but they also say they don't want to relinquish security control over Gaza. So again, these are all the sorts of points that are going to see develop And of course the big question is what is the future of Netanya? Who and whose decision will it be once there is peace about what happens with the relationship between Gaza and Palestine and Israel. And before we get even to all those questions about the future of Gaza and the future of the Israeli government, there's still this ongoing discussion about freeing hostages in Guza. What's the update there completely So the latest that we've heard from this is that Biden spoke to the Katari emir As we know, Qatar has played an absolutely fundamental role in the sort of got between Israel and of and the United States and Hamas. We hear again and again that there is potential progress on a deal, but every time we hear that, it's sort of backslides. So again, there has been more and more talked about it over the last few days, but I think you really cannot really rely on anything until it's fully secured. What we do know is that Israel has entirely ruled out a ceasefire until all the hostages have been freed, and in our last thirty seconds, the discussion we've had with Israel's economy minister, it seems like there's a determination as well to keep this fight going, even if it damages Israel's budget, even if it damages the economy. Yeah, I mean, the impact on the Israeli economy has been very sort of covid like in many respects where you know, obviously there's a war effort underway, but we've subtracted let's say, three hundred and fifty thousand people from the workforce that's about eight percent of the Israeli Workfor us is when you go down the streets, you know, many of the businesses are closed, all the universities are on pause. All of this stuff is really a standstill. But again, they see this as an existential fight, so they're gonna be willing to pay the price. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alectiona devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager, and I'm Karen Moscow join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.
Secretary of the Treasury Janet Yellen's press conference, after having met with the APEC Finance Ministers. The press conference lasted about 22 minutes and she answered five questions from Bloomberg News, The Wall Street Journal and Reuters among other outlets. --- Send in a voice message: https://podcasters.spotify.com/pod/show/james-herlihy/message
El consenso entre analistas es que la inflación se habría desacelerado en EE.UU. lo que indica que las tasas habrían tocado techo; China planea medidas para apuntalar el sector inmobiliario; Banxico recién bajará las tasas el próximo año; y Jonathan Gilbert (@jongilbert9), periodista de Bloomberg News en Buenos Aires, explica por qué el agro no quiere nada con los peronistas en la segunda vuelta presidencial de Argentina.Produce: Eduardo Thomson (@ethomson1)Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
Acciones suben a la espera de datos de inflación de EE.UU. y Reino Unido; Morgan Stanley prevé recortes agresivos de la Fed, pero Goldman Sachs no está convencido; Debate presidencial en Argentina; Andrea Jaramillo, periodista de Bloomberg News en Bogotá, comenta su reportaje sobre la importancia del departamento de La Guajira en los planes de transición energética de Gustavo Petro. Producción: Eduardo ThomsonHaga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
Nathan Dean, Senior Policy Analyst with Bloomberg Intelligence, and Jordan Fabian, White House reporter with Bloomberg News, join for a roundtable discussion on the potential US government shutdown and President Biden's meeting with Chinese President Xi Jinping. Dan Ives, Senior Equity Analyst at WedBush Securities, joins to discuss his tech outlook for 2024 and his views on Tesla and its cybertruck. Margaret McKnight, Partner and Head of Real Estate Portfolio Solutions at StepStone Group (NASDAQ: STEP), joins to talk real estate and investing. Ted Oakley, Founder and Managing Partner at Oxbow Advisors, joins to talk markets and investing. Hosted by Paul Sweeney and Matt Miller.See omnystudio.com/listener for privacy information.
Hosts Michael Barr, Scarlet Fu and Damian Sassower span the sports and entertainment spectrum. Bloomberg News senior reporter Laura Nahmias details her story on New York Mets owner Steve Cohen partnering with Hard Rock International on an $8 billion bid to build casino and entertainment complex next to Citi Field in Queens. Golf legend Annika Sorenstam and the CEO of Parity, Leela Srinivasan, then discuss the first-ever "Parity Week by Gainbridge," a series of three sporting that involve 180 women competing for nearly $13 million. Plus, LA Clippers President of Business Operations Gillian Zucker discusses her decorated career in sports and the dawn of a new era of Clippers basketball as the franchise prepares to move to a new arena next year in Inglewood, California, which will be known as the Intuit Dome. See omnystudio.com/listener for privacy information.
Los mercados están en rojo luego que Jerome Powell dijera que no descarta más alzas de tasas; banco chino ICBC sufre un hackeo masivo; tema migratorio con México pesa más en la elección presidencial de EE.UU.; y María Eloísa Capurro (@elomdeo), periodista de Bloomberg News en Brasil, explica la revolución de la plataforma de pagos Pix.Producido por Eduardo Thomson Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
Ken Griffin de Citadel dijo que lo volatilidad geopolítica llevará a décadas de mayor inflación; Apple corre riesgo de pagar enorme cuenta de impuestos en Irlanda; Datos de inflación en México y Colombia; Ken Parks (@Ken__Parks), corresponsal de Bloomberg News en Uruguay, comenta la migración de millonarios al país. Producción: Eduardo Thomson (@ethomson1)Haga clic acá para suscribirse al newsletter Cinco Cosas de Bloomberg News en Español.See omnystudio.com/listener for privacy information.
Last week I was honored to have a conversation with Jeff Hoffman. In this weeks highlight episode, I dig into one of his most memorable quotes, “the biggest piece of advice I've been sharing is that having a successful start up, it's not a funding game, it's a talent game“. I also review the source of his personal culture and Northstar: the single mom who raised him and his siblings by working three jobs.More about Jeff Hoffman:Jeff Hoffman is an award-winning global entrepreneur, proven CEO, worldwide motivational speaker, bestselling author, Hollywood film producer, a producer of a Grammy Award winning jazz album, and executive producer of an Emmy Award winning television show. He is an Executive Producer and stars in the groundbreaking new TV series GOING PUBLIC, a show where viewers worldwide can invest in thestartups that Jeff is mentoring on the air. In his career, he has been the founder of multiple startups, he has been the CEO of both public and private companies, and he has served as a senior executive in many capacities. Jeff has been part of a number of well-known successful startups, including Priceline.com/Booking.com, uBid.com and more.Jeff is the Chairman of the Global Entrepreneurship Network, which works with entrepreneurs in 200 countries, as well as being a founding board member of The Unreasonable Group, whose portfolio companies have raised over $11 billion in funding and have positively impacted more than one billion lives worldwide. He is also on the Advisory Board of CEED Global, the Centers for Entrepreneurship andExecutive Development, teaching entrepreneurship globally in developing countries. Jeff has supported the White House, the State Department, the United Nations, and similar organizations internationally on economic growth initiatives and entrepreneurship programs.Jeff is the Managing Partner of Jeff Hoffman Advisory Services, a strategic consulting firm that teaches exponential growth to business owners and entrepreneurs, as well as teaching innovation strategies to corporations and governments worldwide. Jeff serves on the boards of companies in the US, Europe, the Middle East, South America, Africa, and Asia. He supports entrepreneurs and small businesses on a worldwide basis. Jeff is also the founder and CEO of World Youth Horizons, a non-profit organization providing homes, schools, food, and health care to children in need around the globe. Jeff is a frequent keynote speaker, having been invited to speak in over 70 countries. He speaks on the topics of innovation, entrepreneurship, and business leadership, and is the author of the book SCALE, a how-to guide for growing your business. Jeff also teaches innovation workshops to major corporations on a regular basis.Jeff is a featured business expert seen on Fox News, Fox Business, CNN, CNN International, Bloomberg News, CNBC, ABC, and NPR, and in publications including Forbes, Inc., Time, Fast Company, the Wall Street Journal, and more.Jeff recently received a Humanitarian Award from Disney and Be Great, as well as a Lifetime Achievement Award from the Los Angeles Tribune for his business and philanthropic contributions. He was honored with the Champion of Entrepreneurship Award from JP Morgan Chase, Citibank, and Rising Tide Capital, as
WeWork Inc. — known for free-flowing booze and a fleeting $47 billion valuation — declared bankruptcy just two years after going public. This cautionary tale of over-indebtedness highlights the perils for investors who fall in love with businesses they don't really understand, says Bloomberg News senior reporter Reshmi Basu. And it's a warning for lenders to astronomically-valued start-ups as borrowers struggle with soaring debt payments, Basu tells Bloomberg senior editor James Crombie. Also in this episode of Credit Edge, Bloomberg Intelligence analyst Cecilia Chan analyzes US efforts to keep advanced chips out of China — and the fallout for Asia's technology sector. In addition, Chan discusses how Macau's casino comeback is boosting gaming companies.See omnystudio.com/listener for privacy information.
Se espera que los banqueros de la Fed busquen calmar las expectativas de recortes de tasas de interés; Triunfos de los demócratas en elecciones estatales en EE.UU.; inflación sigue desacelerándose en Chile; Michael McDonald (@mdmcdonald), quien cubre Centroamérica para Bloomberg News, explica las protestas que han golpeado a Panamá. Producción: Eduardo Thomson (@ethomson1)See omnystudio.com/listener for privacy information.
Comentarios del presidente de la Fed de Mineápolis tienen al mercado en rojo; acciones de UBS suben tras recuperar clientes de Credit Suisse; Alex Vásquez (@alexvasquezs), periodista de Bloomberg News en Ciudad de México, comenta la crisis en Acapulco a dos semanas del paso del huracán Otis; y Musk quiere voluntarios para Neuralink. Producción: Andrea Navarro (@andreanavarror)Edición y locución: Eduardo Thomson (@ethomson1)See omnystudio.com/listener for privacy information.
Berättelsen om den kontroversielle miljardären som tagit sig från en olycklig uppväxt i Sydafrika till tech-kung i Silicon Valley. Nu drömmer han om att ta mänskligheten till Mars. Nya avsnitt från P3 ID hittar du först i Sveriges Radio Play. Elon Musk vill bygga en stad på Mars. Han dejtar filmstjärnor och popartister. Han har fått människor att associera elbilar med snabbhet och lyx. Han har kallats för verklighetens Ironman – och vill inom en snar framtid operera in chip i människors hjärnor.I första avsnittet om Elon Musk möter vi en av vår tids mest våghalsiga och ifrågasatta entreprenörer. Från en olycklig barndom i Sydafrika till 90-talets internetboom i Silicon Valley. Från misslyckade raketuppskjutningar till ikonstatus – och ett offentligt sammanbrott i media.Det här avsnittet publicerades första gången i mars 2020, det här är en uppdaterad version från november 2023.Del 2 om Elon Musk finns att lyssna på i Sveriges Radio Play.Programledare & redaktör: Vendela Lundberg Avsnittsförfattare & reporter: Axel WinqvistProducent: Mathilda von Essen Exekutiv Producent: Ulla SvenssonTekniker: Fredrik NilssonLjudklippen i dokumentären är hämtade från: Fox, ABC News, CNN, Space X, MTV, 60 Minutes, Associated Press, CBS, Saturday Night Live i NBC, CNBC, SXSW Conference, The Terminator, Bloomberg News, Now you Know, Dokumentären Revenge of the Electric Car av Chris Paine, NBC, Vator och The late show with Stephen Colbert.Biografin Elon Musk: Tesla, SpaceX och jakten på en fantastisk framtid av Ashlee Vance har varit särskilt hjälpsam under arbetet.
In 2021 cryptocurrency went mainstream. Giant investment funds were buying it, celebrities like Tom Brady endorsed it, and TV ads hailed it as the future of money. Hardly anyone knew how it worked—but why bother with the particulars when everyone was making a fortune from Dogecoin, Shiba Inu, or some other bizarrely named “digital asset”? As he observed this frenzy, investigative reporter Zeke Faux had a nagging question: Was it all just a confidence game of epic proportions? What started as curiosity—with a dash of FOMO—would morph into a two-year, globe-spanning quest to understand the wizards behind the world's new financial machinery. Faux's investigation would lead him to a schlubby, frizzy-haired twenty-nine-year-old named Sam Bankman-Fried (SBF for short) and a host of other crypto scammers, utopians, and overnight billionaires. Faux follows the trail to a luxury resort in the Bahamas, where SBF boldly declares that he will use his crypto fortune to save the world. Faux talks his way onto the yacht of a former child actor turned crypto impresario and gains access to “ApeFest,” an elite party headlined by Snoop Dogg, by purchasing a $20,000 image of a cartoon monkey. In El Salvador, Faux learns what happens when a country wagers its treasury on Bitcoin, and in the Philippines, he stumbles upon a Pokémon knockoff mobile game touted by boosters as a cure for poverty. And in an astonishing development, a spam text leads Faux to Cambodia, where he uncovers a crypto-powered human-trafficking ring. When the bubble suddenly bursts in 2022, Faux brings readers inside SBF's penthouse as the fallen crypto king faces his imminent arrest. Fueled by the absurd details and authoritative reporting that earned Zeke Faux the accolade “our great poet of crime” (Money Stuff columnist Matt Levine), Number Go Up: Inside Crypto's Wild Rise and Staggering Fall (Crown, 2023) is the essential chronicle, by turns harrowing and uproarious, of a $3 trillion financial delusion. Zeke Faux is an investigative reporter for Bloomberg Businessweek and Bloomberg News. Caleb Zakarin is the Assistant Editor of the New Books Network. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics