If we could begin with what we are seeing from the Treasury Department, which, of course, on the same day announced that the U.S. debt has surpassed $40 trillion and that it's expanding buybacks on the long end, trying to rein in long term borrowing costs, how should we think about the way in which holders of our debt in countries elsewhere are looking at what's happening in the United States now and thinking about whether or not we can still offer full faith and credit. Well, it's good to be back. And the ...

We have a lot of retail earnings out today. There's target. We're going to get Walmart tomorrow.More retail names again reporting this week. Bloomberg's normal Linda is here to show us one fast fashion name that might soon have to report earnings with an IPO set in Hong Kong. Norah thanks.Danny Sheehan is finally getting closer to a public listing. But at a valuation that's a fraction of what the company was once worth. It's reportedly targeting about 26 to $27 billion in its Hong Kong IPO, with hopes to ra ...

Hello. If you want to show more patience, then it's about economies of scale, high volume. And if you want to sell a few patience, it's about high value, low volume.So you decide. I've chosen the format because I want to serve more patients in the high stakes world of pharmaceuticals. Global giants like Eli Lilly, Sanofi, and Novo Nordisk have dominated the spotlight.But India has been quietly building a powerhouse in one of medicine's fastest growing sectors. Biosimilars. Biocon is at the forefront of ther ...

You've been pretty critical of Western companies, which I suppose put a lot of emphasis on margins. And you say that's not how it should be. It's not about margins. It's about the fact that we are a humanitarian industry, right.We are here to serve patient needs. We are here to improve the health of the planet. And you are developing drugs that save lives.Now, if you're going to restrict those drugs to only people who can afford it and charge such a hefty price point that most people can't afford it, then I ...

Anything that happens within a 24-hour period is noise. And you know, I I think that once the market understands that we are focusing on fiscal consolidation and that we are uh trying to bring the market back into equilibrium uh in in a thinly traded market. I think uh you know I'm confident that bonds will continue declining.We've got a spike in oil prices today that I don't really understand. You know, our announcement is for uh economic uh action and I think that the economic action will mean that oil pr ...

Macroeconomic and Fiscal Trends - U.S. national debt surpassed 40 trillion dollars, with trillion-dollar-plus deficits and 1 trillion dollars in annual interest payments[4][12] - The cumulative inflation rate reached 21% over the prior administration's years due to 5 trillion dollars in new spending and money printing[13] - Treasury Secretary Scott Bessent dismissed short-term bond yield fluctuations as noise while the administration seeks tools to lower borrowing costs[1][2] - Equity markets reflected geopolitical and macroeconomic pressures, with the Dow Jones dropping 1.3%, the S&P 500 down 0.9%, and the Nasdaq shedding 0.7%[35] Industry and Corporate Developments - Broadcom sought over 60 billion dollars in debt for an artificial intelligence chip financing deal, with potential financing reaching 100 billion dollars[36] - Anthropic prepared for a mega initial public offering expected to surpass SpaceX's 75 billion dollar valuation, adding Citigroup alongside Morgan Stanley, Goldman Sachs, and J.P. Morgan as advisors[37][71] - Technology and energy industries faced scrutiny regarding large-scale data centers impacting power supplies and water usage, leading to initiatives like the Ratepayer Protection Act[21][22] International Trade and Geopolitics - China purchases over 90% of Iran's petroleum sales, prompting U.S. legislative actions like the SHIP Act and potential economic sanctions targeting Chinese financial institutions[24][25] - The United Arab Emirates announced its intention to cut economic ties with Iran, marking a significant shift in regional implementation of economic pressure[61] - Trade negotiations involving Canada and steel, aluminum, and auto tariffs indicated potential adjustments, while the broader United States-Mexico-Canada Agreement faced structural renewal challenges[51][53][55]

ANNOUNCER: THIS IS "THE CLOSE." ROMAINE: WHAT’S A MERE $40 TRILLION AMONG FRIENDS. LIVE FROM STUDIO 2 HERE AT BLOOMBERG HEADQUARTERS IN NEW YORK, I’M ROMAINE BOSTICK. >> AND I’M SALLY BAKE WELL AND WE’RE KICKING YOU OFF TO THE CLOSING BELL HERE IN THE U.S. SO, FIRST OF ALL, LET’S GET A CHECK ON THE MARKETS AS THEY NAVIGATE THIS HIGH STAKES DIVERGENCE BETWEEN BIG BOX RETAILER EARNINGS, WEAKER THAN EXPECTED JOBS DATA, AND OF COURSE THE TREASURY’S BOND BUYING MANEUVERS.SO LET’S SEE, FIRST OF ALL, WE HAVE THE S ...

ANNOUNCER: THIS IS "BLOOMBERG BUSINESSWEEK DAILY" REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS STAY AHEAD WITH INSIGHT ON THE PEOPLE, COMPANIES AND TRENDS SHAPING TODAY’S COMPLEX ECONOMY. PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESSWEEK DAILY" WITH KARL KRL AND TIM STENOVEC -- CAROL MASSER AND TIM STENOVEC.LIVE ON BLOOMBERG RADIO, TELEVISION, AND BLOOMBERG ORIGINALS. CAROL: A VERY GOOD AFTERNOON, EVERYBODY. YES WE ARE ACROSS BLOCK PLATFORMS.CAROL MASSER ALONG WITH ...

So, John, there has been a lot of action in the bond market this week. Um, the yield, which is basically the interest rate on the 30-year Treasury, uh, hit a level we have not seen since the financial crisis. The government jumped in to kind of calm things down.What does this mean for us. What does this mean for the rest of us. How does the bond market affect us.What does this mean for the nonbond buyers of the world. Inherently it's not a bad thing when an economy is doing well which overall we know there ...

Market Trends & Industry Dynamics - Meta has quietly become one of Microsoft's largest artificial intelligence customers [1] - Meta spends hundreds of millions of dollars annually to access the Azure cloud service [1] - Artificial intelligence usage and revenue remain concentrated in a small pool of 10 to 20 large software digital-native artificial intelligence companies [2] - Microsoft's artificial intelligence business currently remains a tech whale business driven by key tech players such as TikTok, Adobe, and OpenAI rather than traditional companies [6] Investment Opportunities & Potential Risks - Circular business dealings remain a concern as artificial intelligence usage circulates within a closed ecosystem [1][2] - Meta consumes trillions of tokens via the Azure platform primarily for coding assistance [1][3] - Meta is exploring the launch of its own API business to reduce vendor spending and internalize monetization [4] - Microsoft has touted 100 thousand customers for Foundry, including traditional flagship companies like Levi's [6]