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Why Are Crude and Gasoline Diverging? | Presented by CME Group
Bloomberg Television· 2025-10-01 14:51
[Applause] Crude oil and gasoline prices can diverge due to fundamental structural differences in their markets. Crude oil is a globally traded commodity influenced by international supply disruptions, OPEC decisions and macroeconomic factors like global demand. Its price reflects raw extraction and transport costs, often fluctuating with geopolitical events or inventory builds in hubs like Cushing, Oklahoma.Gasoline, however, is a refined product with regional markets. Prices incorporate refining costs, cr ...
US Shutdown Begins With Each Party Blaming Each Other
Bloomberg Television· 2025-10-01 14:08
AND ADVERTISING ON ITS PLATFORM. SO META WILL BE LISTENING TO YOU AND YOU WON'T BE ABLE TO OPT OUT. NOW THE MAIN STORY, PRESIDENT TRUMP AND DEMOCRATIC LEADERS POINTING THE BLAME TO EACH OTHER AS THE GOVERNMENT SHUTDOWN BEGINS.BOTH SIDES TRYING TO DEFINE THEIR PRIORITIES AHEAD OF NEXT YEAR'S MIDTERM ELECTIONS. HOW MANY FIRST OF ALL WORKERS DO YOU PLAN TO LAW OFF. PRES.TRUMP: WE MAY DO A LOT AND THAT'S BECAUSE OF THE DEMOCRATS. THEY WANT TO BE ABLE TO TAKE CARE OF THE PEOPLE THAT HAVE COME INTO OUR COUNTRY IL ...
A Shutdown Is Foolish and Will Create Chaos, Says Rep. Lawler
Bloomberg Television· 2025-10-01 13:53
The conventional wisdom is we shut down after midnight. And I'm assuming you don't see a way around it. What comes after the shutdown.Well, unfortunately, it looks like we are barreling towards a shutdown because Democrats like Hakeem Jeffries and Chuck Schumer have changed their position entirely on keeping the government funded and passing clean cars. Whether it was Joe Biden or Donald Trump, I voted for every single C. R.to keep the government open and funded while we negotiate a final appropriations pac ...
Why Investors Can't Seem to Get Enough of Gold
Bloomberg Television· 2025-10-01 13:22
Gold has surged to record after record in recent weeks. But what's driving this. While extending a ferocious run in 2024, bullion surged about 45% this year.That's putting it on track for the biggest annual increase since 1979. It's hit a record high of over $3,800. And Goldman Sachs and Deutsche Bank both expect that rally to extend.This all comes down to gold's centuries old reputation as a safe bet, a haven asset in confusing or turbulent times. The latest rally has been fueled by the political stalemate ...
Nike's Turnaround Plan Seems to be Working as Sales Fall less than expected
Bloomberg Television· 2025-10-01 13:14
The results were absolutely great compared to what we and consensus had expected. They posted an increase in fiscal first quarter revenues that was not expected. The expectations were for a mid-single digit decline.So that is definitely good news. And what's even better is that the increase came largely due to a stronger North America business, where sales were up in constant currency by 4%. So really, this just goes to show us that they're making the right steps. They're taking the right steps to really mo ...
Amazon Updates Its Echo, Kindle and Fire TV Products
Bloomberg Television· 2025-10-01 13:00
Amazon has redefined how people read, interact with their devices, and watch TV. Now, the company's hardware division is going through its biggest overhaul in its history. Under new hardware and Alexa chief Panos Pane, Amazon is giving its products some new excitement, including sharper and cleaner borders, improved silicon, and deeper Alexa plus integration.There's a new Echo. max at $99 and an updated Echo Studio at $219. both with room filling sound and a sleeker unified design.The Echo Show was getting ...
Amazon Unveils Revamped Echo Devices, Ring Cameras
Bloomberg Television· 2025-10-01 12:55
Panos, the way that I look at this is that this is the first generation of of Amazon hardware that has your fingers on it, right. And as a place to start, could we talk a bit about the hardware innovation, the areas that you you feel are most important here in this generation. >> Yeah, I think this is a first, it's an incredible team that's building these products and uh these products are designed from the silicon up.Quite literally, this is custom silicon built for the Alexa products. But there's also a a ...
How Will A Government Shutdown Impact The Labor Market?
Bloomberg Television· 2025-10-01 12:54
If a potential shutdown is resolved by mid-November, we're not going to see any impacts when it comes to fourth quarter growth. Can you put into context for us, is there a buffer room buffer timeline when it comes to the potential economic impacts, particularly when we are thinking about the labor market, for example. I think when we're thinking about the labor market and the shutdown, it's important to zoom back and think about the bigger picture.One thing that I wanted to really emphasize is there have be ...
US Government Shutdown Has Begun, No Quick End in Sight
Bloomberg Television· 2025-10-01 12:54
Well, we are going to go through the same motions we went through last night. Keep voting on two bills that don't have enough votes to pass. We'll take a break on Thursday, observe Yom Kippur, come back on Friday and see if things have shake it out at all.I'm advised that staff expects to be in and voting on Friday, maybe even over the weekend. There's a possibility that we could get this all wrapped up by Monday, but there is no bipartisanship to speak of, a lot of partisan rancor. And this this doesn't ha ...
US Government Shutdown; Qatar Hands Peace Plan to Hamas | Horizons Middle East & Africa 10/1/2025
Bloomberg Television· 2025-10-01 10:36
♪ >> THIS IS HORIZONS MIDDLE EAST AND AFRICA. I’M JENNIFER ZABASAJJA IN FOR JOUMANNA BERCETCHI. THE U.S. GOVERNMENT IS GOING DARK AS THE CLOCK TICKETS PAST MIDNIGHT. THERE’S A SHOT OF CAPITOL HILL. CONGRESS HAS FAILED TO REACH AN AGREEMENT AFTER DEMOCRATS REJECTED A STOP GAP FUNDING PACKAGE THAT DID NOT ADDRESS ITS DEMANDS. THE LAST VOTE CAME ON TUESDAY NIGHT. AND IT FAILED ON A VOTE OF 55-45. REPUBLICANS NEEDING A FEW DEMOCRATS TO GET ONBOARD. IF THEY WANTED TO AVOID THE SHUTDOWN. SEEMINGLY THAT’S NOT THE ...