JOE: FROM BLOOMBERG'S WASHINGTON STUDIO TO TV AND RADIO AUDIENCES WORLDWIDE, WE WELCOME YOU TO "BALANCE OF POWER. " WE START WITH BREAKING NEWS -- TESLA SHAREHOLDERS HAVE JUST APPROVED A TRILLION DOLLAR COMPENSATION PACKAGE FOR CEO ELON MUSK, THE LARGEST PAYOUT EVER AWARDED TO A CORPORATE LEADER. WE START OUR PROGRAM THERE WITH ED LUDLOW, THE COHOST OF BLOOMBERG TECH. SHAREHOLDERS HAVE HAD THEIR SAY AND THERE ARE STRINGS ATTACHED FOR MUSK TO MAKE THIS MUCH MONEY. ED: SHAREHOLDERS HAVE HAD THEIR SAY, AND IN ...

Military Aid to Ukraine - The Department of Defense has approved Tomahawk missiles for use in Ukraine, pending the President's final decision [1] - Discussions are ongoing to increase financial resources for Ukraine to procure more military capabilities from the US, including long-range and short-range missiles [2] - The dialogue regarding military aid to Ukraine is considered positive [2] Potential Impact of Military Aid - Longer-range missiles, such as Tomahawks, could potentially turn the tide of the war [2] - Increased military aid could decrease the number of civilian casualties in Ukraine [3]

Government Shutdown Impact on Air Travel - FAA announced major restrictions on flights due to the government shutdown's impact on staffing [1] - Expected flight reductions are estimated at 10% from various airports [2] - The shutdown is negatively impacting the timely operation of aircraft and trains [4] Political Standoff - Democrats are blamed for prioritizing political gains over the needs of people relying on SNAP and Wick [5] - A simple resolution to open the government while negotiating healthcare costs has been voted down 14 times [6] - Democrats are accused of demanding an end to $1.5 trillion in benefits related to social security and taxes [9] Potential Solutions - Discussions are underway for a stop-gap measure potentially combined with extending Affordable Care Act premium subsidies [7] - There are attempts to include provisions from already-passed Senate appropriation bills in an ongoing program [8] - Almost 90% of the federal government's demands could be funded if Democrat colleagues agree [8]

Economic Diversification in New York City - The financial industry, a key driver of New York City's economy, is experiencing attrition, with new industries not necessarily bringing in the same high-net-worth individuals [1] - Former Mayor Michael Bloomberg recognized the trend of a changing financial community and initiated efforts to diversify the economy by focusing on industries that could support job growth and income [2][3][4] - Tourism became a significant source of jobs and income, reaching approximately 60 million visitors annually before the pandemic [5][6] - The Bloomberg administration also focused on high tech, establishing Cornell Tech to attract top graduate students and foster innovation in areas like A I, leading to the creation of hundreds of new companies [7][8] Workforce and Immigration - New York City should leverage its strong universities, its attractiveness to migrants, and its diverse workforce to enhance job opportunities, particularly for middle and lower-income individuals, to address the affordability crisis [11][12][13][14] - Prior to the pandemic, immigrants accounted for 60% of the increase in the US labor force over the preceding ten years, with many holding advanced degrees [19] Market and Investment Considerations - High valuations in the equity market leave little room for error, and investors need to be cautious [22][23] - The increasing concentration of certain companies in the market enhances vulnerability if those companies underperform [22]

Tesla shareholders have just approved $1,000,000,000,000 compensation package for CEO Elon Musk, the largest payout ever awarded to a corporate leader. We start our program there right now with Ed Ludlow, the co-host of Bloomberg Tech. And shareholders have had their say.And there are strings attached for Musk to make this much money. Shareholders have had their say, and in the end, more than 75% of the vote went in favor of the compensation package, which is notable given that Elon Musk's concern And last ...

Brand Performance & Growth - Road brand is projected to reach $300 million on an annualized basis for the current fiscal year [3] - The projected $300 million represents a 40% year-over-year growth for the Road brand [3] Product Launch & Marketing - Haley Bieber's birthday kit will be launched next week on November 12th [2] - Road brand will be launching in the UK with Sephora next week on November 10th [2] Key Personnel Involvement - Haley Bieber continues to be involved with the Road brand [2] - E L F Beauty expresses excitement about Road's contribution to the company [2]

The president said it's a triumph for the American patient. Is it. So like most of these are most favored nations deals that Trump is doing with drug companies.You know, we don't know the full the full details of this yet. The basic parameters, you know, are similar to other deals that Trump has done so far with companies like Pfizer or AstraZeneca. This is kind of the obesity drug deal that Trump is doing.They're talking about prices they offered starting for some Medicare patients with certain conditions, ...

Investment Strategy & Philosophy - The individual emphasizes the importance of starting investment activities before transitioning from a previous career to ensure a smoother transition [2] - Early-stage investing was particularly attractive, even without initial knowledge of specific terms or concepts [4] - Continuous learning is a core principle, viewing each day and interaction as an opportunity to expand knowledge, particularly within the venture capital (VC) field [5] Career Transition & Planning - Transitioned from tennis to investing after already building an investment firm and team [1] - A softer landing was desired when transitioning from tennis, highlighting the importance of pre-planning [2] - Prior planning is crucial for starting something new, as advised by their father [2][3] Venture Capital Insights - Venture Capital (VC) environment is likened to a continuous learning experience, similar to being in college [5] - VC involves constant learning about new products and their functionalities [5]

Mortgage Rate Trends - Homebuilders are offering mortgage rate buy downs, bringing rates down to as low as 1%-3%, levels not seen since the COVID era [1] - Buyers are concerned about the economy and their jobs, requiring more aggressive rate reductions to attract their attention [2] - Fixed rates below 4% for 30 years are emerging, with one instance at 399% [2] - Some builders are offering teaser rates, such as 099% for the first year, 199% for the second year, and 299% for the third year [3] Housing Market Dynamics - The price of a typical new home is now cheaper than an existing home, reversing the typical 16% premium [4] - Existing homes have become more attractive due to falling mortgage rates (close to 6%) and increased listings, making it harder to sell new homes [6] - New home sales require incentives like mortgage rate buy downs to attract buyers [5]

$1 trillion or must walks. Is that really what's on the line this evening. No, frankly, you know, the structure of the proposed package is complicated.It is a ten year proposal split into two tranches. And all told, the total compensation would be $1 trillion in dollar value. Right.But actually, what it is set against is a series of both operational and financial milestones. The operational ones are easy to understand. Musk has to deliver 20 million vehicles to customers, build a million robots, scale robot ...