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US cutting capacity by 10% at multiple airports as shutdown persists #shorts #shutdown #tsa #airport
Bloomberg Television· 2025-11-05 23:26
Transportation Secretary Shawn Duffy announcing the US will cut flight capacity by 10% at 40 high volume markets across the nation. Duffy and FAA administrator Brian Bedford say they will disclose the locations of those 40 markets, but not till tomorrow. This comes as travelers continue to face flight disruptions due to an uptick in workforce absences during the government shutdown.Now, at record length, here's part of what they had to say. >> I anticipate there will be additional disruptions. Uh there will ...
Climate Protesters Call Out Richest Nations Ahead of COP30
Bloomberg Television· 2025-11-05 23:07
Climate activists dressed as world leaders staged a protest in Belem, Brazil ahead of COP30 to symbolize how the world's richest nations are "sleeping on the job" during the climate emergency. The UN summit kicks off next week http://bloom.bg/4hHdMUC ...
#Putin warns Russia may carry out nuclear test of their own #politics
Bloomberg Television· 2025-11-05 23:06
Nuclear Deterrence Strategy - Russia's Ministry of Foreign Affairs, Ministry of Defense, special services, and civilian agencies are tasked with gathering additional information and analyzing the possibility of resuming nuclear weapon testing [1] - The analysis will be conducted within the Security Council to formulate coordinated proposals regarding potential nuclear weapon test preparations [1] - Russia aims to maintain its nuclear potential to inflict unacceptable damage on any adversary under any circumstances [1] - Russia intends to respond adequately to Washington's actions to ensure the country's security [1] - Preparation for full-scale nuclear testing should commence immediately [1] Nuclear Testing Readiness - The readiness of the central test site on the Novaya Zemlya archipelago ensures that testing can be conducted in a short timeframe [2]
#Mamdani Vows to Manage Trump Ties, Meet Business Leaders #politics
Bloomberg Television· 2025-11-05 23:05
Good morning, New York. >> Morning. >> Morning.>> Last night, we made history, and I'm so proud to be standing here today as the mayor elect of the greatest city in the world. I look forward to meeting with Jamie Diamond and meeting with anyone who is concerned about the future of our city and is invested in the vitality of that same city. And these are not very different from the conversations I had over the course of this campaign with many business leaders who while we may have disagreements on fiscal po ...
McDonald’s US Growth Beats as Value Draws Strapped Diners
Bloomberg Television· 2025-11-05 23:02
We know that McDonald's has been trying to position themselves as one of the value choices in this economy as things get a little bit harder for people trying to buy lunch. Honestly, what did you make of these reports. Because it seems like the Street welcoming them with open arms.Yeah. Thank you so much for having me on today. I think we were pleased by the print this morning.Honestly, it's been a really difficult environment for consumer companies reporting earnings and in restaurants in particular. And r ...
Trump Tariffs Face Huge Test in US Supreme Court
Bloomberg Television· 2025-11-05 22:56
Case Overview - The Supreme Court is hearing a major case concerning President Trump's authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA) [1] - The central question is whether the President can use IEEPA to impose tariffs, given that the act doesn't explicitly mention tariffs or duties [1][2] - Lower courts, including the International Court of Trade, have ruled against the President's use of IEEPA for tariffs [3] Legal Arguments - The President argues that the fentanyl crisis and trade deficit constitute "unusual and extraordinary circumstances," justifying the use of emergency powers [2] - Opponents argue that imposing tariffs is a power that belongs to Congress, not the President [2] - Amicus briefs overwhelmingly oppose the tariffs, with 40 briefs against and 10 in favor, including submissions from the Chamber of Commerce, small businesses, and law professors [4] Key Players - The plaintiffs are small businesses, including a wine exporter and a toy goods company [5] - Neal Katyal, a former acting solicitor general with an hourly rate of $3,000, is arguing for the plaintiffs [5] - The solicitor general is arguing on the other side, representing the government [6] Potential Outcomes and Implications - A ruling against the President would limit the use of IEEPA for imposing tariffs [10] - Even if the President loses the case, the administration may seek other ways to implement tariffs [11] - Bloomberg Economics estimates the U S is collecting $556 million daily in IEEPA tariffs, projecting over $140 billion by the end of 2025, raising questions about potential reimbursements [13]
US to Cut Air Traffic 10% If No Shutdown Deal
Bloomberg Television· 2025-11-05 22:30
Air Traffic Control Disruption Impact - Airline industry faces potential flight reductions, route cuts, and service disruptions, especially during the holiday season [1] - The FAA shutdown's duration and scale (potential scaling up or down) remain uncertain, posing further risks to air traffic control [2] - Timing of potential capacity cuts is difficult, occurring just weeks before the Thanksgiving travel season [3] - A 10% cut in flights would represent thousands of flights per day in the US, indicating a massive impact [4] Air Traffic Controller Situation - Air traffic controllers not being paid since October 1st is impacting staffing levels [4] - Controllers' second paycheck delay is causing increased absenteeism, further impacting air traffic [5] - Airlines and airports are implementing slowdowns and restrictions due to air traffic controller staffing shortages [6] Safety and FAA Measures - FAA is implementing measures to ensure safety by managing traffic at manageable levels [8] - Prioritizing safety with fewer flights is preferred over having too much air traffic for controllers to manage [9]
MNTN CEO unveils QuickFrame AI for video production
Bloomberg Television· 2025-11-05 22:23
I just want to know if like any actors or film directors have called you upset that you're taking jobs. >> You know that Ryan Reynolds is their creative director. >> Why is he not upset.He like literally taking his people's jobs. >> The way more to look at it is that when you lower the cost of creative, you actually create more demand. And so we have a network of creators that use QuickFrame.We call it QuickFrame marketplace. And we're actually creating more demand for their services because they are often ...
'Can't Look Away' Filmmakers on Harm From Social Media
Bloomberg Television· 2025-11-05 22:18
As we work through those numbers on SNAP and talk about social media, some of those social media companies need to prepare themselves. Thousands of plaintiffs complaints out there, millions of pages of internal documentation and transcripts of countless hours of deposition set to land in U.S. courtrooms that could threaten the future of the business model for some of those social media companies. That is the focus of a new documentary released on October 30th called Can't Look Away The Case Against Social M ...
Figma CEO on Strong Outlook, AI and Stock Compensation
Bloomberg Television· 2025-11-05 21:21
Figma is going to end the year pretty strong. I mean, you can say like, look at that, the outlook for the current period, the fourth quarter, but also the year in aggregate. I think probably the most sensible place to start, Dylan, is is there some kind of customer behavior that's allowed the end of the year to look as it does.Yeah. Well, first off, thanks for having me and it's good to see you again, but it's been a very exciting time in Figma. Q3 was awesome and we had so much velocity.I think the team sh ...