Michelle. Just a few minutes ago, we were talking about the potential for or not the potential, but Warner Brothers are basically urging folks to actually embrace the Netflix deal. Now we're learning that Jared Kushner and affinity partners are apparently out of the paramount skydance deal side of this deal when it comes to the financing.Yes. So it's evolving very rapidly. Lots has been happening just in the past few minutes.But what we do know so far is that affinity capital is dropping out of their effort ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with the global simulcast. Carol Massar Tim Stenovec.They join us from the radio room as we welcome all of our audiences across all of our platforms, including our partnership with YouTube. An interesting day in the market. But Carol, I do want to start with that breaking news that we got a little while ago.Just a few minutes ago here, Warner Brothers Discove ...

Well, he's making pivots when pivots are needed. Some would say maybe a little bit late, because Ford has lost billions of dollars per year on this EV escapade. So I was going through the numbers and saw they lost 1,000,000,021 2,000,000,022 5,000,000,023 5 billion in 24.And they have to do something. Just stanch the bleeding. This guy is this guy have a job after a $19 billion failure of EV simply because it's basically a private company run by our good friend Bill Ford Junior.Is it basically a quasi priva ...

Crude Oil Market Trends - Crude oil price is at $55 per barrel, a new low for the year [1] - The price is more likely to be around $40 next year than $70, due to oversupply and superabundance [2] - Oversupply and abundance are happening because of the spike in 2022 that brought in supply and technology [3] - The average gas price is at $2.90 and is expected to head towards $2 next year [4] - The U S is now a net exporter of crude oil, liquid fuels, and natural gas [5] - Venezuela's saber-rattling is not raising the price of oil, indicating its limited contribution to the oil price [7] Cryptocurrency Market Analysis - Bitcoin is down about 6% on the year but up about 30% [7] - Bitcoin is expected to head towards $50,000 [8] - Cryptocurrency is considered a leading indicator of risk assets and is currently experiencing downward pressure [9] Economic Outlook - A healthy correction in the stock market may have started [2] - There hasn't been a down year in the S&P total return fund, suggesting a potential correction [5] - De-risking is hitting the stock market and may continue into year-end [9]

TIM: THE S&P 500 CLOSING IN ON A RECORD EARLIER THIS MONTH. BITCOIN STRUGGLED TO FIND FOOTING. MERRILL HOLDINGS KNOWS ALL TOO WELL, DOWN 36% THIS YEAR.WITH MORE WE HAD TO PARIS. GOOD TO HAVE YOU ON THE PROGRAM. THE DECLINE IN ASSET PRICE THIS YEAR, $126,000 WAS A MAJOR HIGH EARLIER THIS YEAR, A BIG MOMENT FOR THE CRYPTOCURRENCY.DOWN MORE THAN 30%, HOW MUCH LOWER DOES BITCOIN GO. FRED: BITCOIN AT THIS LEVEL IS FINDING SUPPORT AT THE HUNDRED 84,000 RANGE. JUST ABOUT WHERE THE BREAKEVEN POINT IS ON MOST ETF PU ...

>> THIS IS BLOOMBERG BUSINESSWEEK DAILY FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS STAY AHEAD WITH INSIGHT ON PEOPLE, COMPANIES, AND TRENDS SHAPING THE ECONOMY. GLOBAL BUSINESS, FINANCE, TECH NEWS AS IT HAPPENS. BLOOMBERG BUSINESSWEEK DAILY WITH CAROL MASSAR AND TIM STENOVEC.CAROL: GOOD AFTERNOON, IT IS A JOBS TUESDAY. TIM: THE TWILIGHT ZONE. CAROL: THIS IS BLOOMBERG BUSINESSWEEK DAILY.WE HAVE THOSE STOCKS DOWN BUT COMING OFF THEIR WORST LEVELS OF THE SESSION. MORE DAMS ARE LOWER TODAY. WE HAVE THE TREASUR ...

Supply Chain Security & AI Race - The US government is prioritizing securing supply chains, particularly for AI, viewing economic security as national security [2][4][6] - The US aims to win the AI race through innovation and diffusion, expanding compute capacity domestically and exporting technology globally [26][27] - Pax Silica Initiative fosters collaboration with allies (Korea, Japan, Australia, UK, Singapore, Israel) to secure supply chains and co-invest in fabs, data centers, and refining projects [4][6][7] - The US government utilizes various resources like the Development Finance Corporation, Department of War, and Office of Strategic Capital to support supply chain initiatives [8] - The Department of War is investing in domestic mineral supply chains to ensure a reliable ecosystem for weapon production in both peace and wartime [10][11] - A $400 million investment for 15% of MP Materials is highlighted as an example of government support for securing critical mineral supplies [8] International Relations & Trade - The US seeks a constructive, stable, and positive relationship with China while prioritizing American interests [25] - The US acknowledges a growing economic security consensus with Europe, particularly regarding global imbalances and unfair trade practices [17][18] - The US sees Europe as an important partner in addressing economic and supply chain challenges, despite disagreements on technology regulation [19][22][23] - The US National Security Strategy was intended as a diagnosis of the challenges facing Europe, not an insult [20][21] - The US is engaging with countries like India to expand the Pax Silica Initiative and address specific supply chain security challenges [13][14]

This is very much part of our Jet Forward strategy. Um, we've been working very hard for the last several quarters on really turning towards premium and trying to make sure that we're offering more opportunities for customers who want to pay a little more and the lounge is part of that. Our transition to a first class product next year, a domestic first class product would be part of that.Our premier card um or even more as a cabin. Um, and really excited to start seeing all of that come to life in 2026. Al ...

What are you going to do with that Bitcoin to make money. Well, as a business, we're going to build products and services that have customers and high margins and growth and cash flow. So I've been very vocal.I don't think of 21 as a Treasury company. We're a Bitcoin company and it's such a simple term that it might go in one ear and out the other. But if you think about it, there are no Bitcoin companies.The spectrum, as we see it, is on one side you have these Treasury businesses which aren't as focused o ...

Company Restructuring & Leadership - Kraft Heinz is splitting into two companies: one focused on grocery staples with less profitability, and another named "Global Taste Elevation Company" featuring faster-growing iconic products like Heinz ketchup and Kraft mac and cheese [1][2][3] - The current CEO was expected to lead the grocery staples company, but Steve Cahillane from Kilonova will lead the "Global Taste Elevation Company" instead [1][2] - Steve Cahillane aims to bring organic growth to the company, focusing on health and wellness trends, including increased protein, fiber, and cleaner labels [4] Market Trends & Challenges - Food companies are generally struggling with the consumer shift towards healthier, less processed foods [7] - Kraft Heinz's compounded annual return over the last five years is -2%, underperforming the consumer packaged goods index (up approximately 7-8%) and the S&P (up approximately 15%) [6] - Consumers are increasingly turning to more affordable private label brands, impacting established brands like Kraft Heinz [13][14] - There's a significant consumer focus on protein and healthfulness in food choices [15] Competitive Strategies - Companies are looking to acquire smaller, startup brands that tap into health and wellness trends, as seen with PepsiCo's acquisition of Poppy and CETA [16] - PepsiCo is reducing its product offerings by 20% and lowering prices on key brands as part of an agreement with an activist investor [10] - Splitting into two companies will allow Kraft Heinz to focus on each component, potentially leading to better value for both [8]