Bloomberg Television

Search documents
Summers Says China's Xi Wins Trade War With Trump
Bloomberg Television· 2025-08-07 19:58
If a company. Talk numbers the way the federal government has been talking numbers, the FCC would be all over them for speculative numbers, not grounded in any kind of accounting. When I hear these pledges that Japan's going to invest so much in the United States, that Europe's going to invest so much in the United States, that such and such a company is going to invest so much.You don't know what they mean because you don't know what the baseline would have been. You don't know what's being counted and inc ...
Eli Lilly's Experimental Weight-Loss Pill Data Disappoints
Bloomberg Television· 2025-08-07 19:33
There may be a new obesity drug inarmacies, one that doesn't involve needles or shots. A new latestage clinical study showed Eli Liy's experimental pill cut weight by 11% in patients. But investors aren't cheering.In fact, shares fell on the news. Why. Wall Street was expecting the drug called Orphon to perform better and more in line with its injectable counterparts.For example, Novo Nordisk's blockbuster weight loss shot, WGOI, helped patients shed up to 15% of their body weight in trials. Lily's own shot ...
Fed's Waller Discusses Fed Independence (April 2025)
Bloomberg Television· 2025-08-07 19:16
Will the president backing off of his comments on firing Jay Powell make it a little bit easier for you all to do your job. >> Well, I just try to I try to ignore all this stuff and just focus on the data and focus on doing my job. Um, that's what I try to do every day. Uh, you know, criticism of what we do, that's the job.If you don't like being criticized, don't take the job. So, and the president's free to say whatever they want to just like anybody else. But central bank independence as we saw I think o ...
Kremlin Says Russia's Putin and President Trump Will Meet
Bloomberg Television· 2025-08-07 18:23
I think I think that's the hope that's going into this, right, is whether or not it ends up being a bilateral or try that with presidents, Lewinsky included, is part of it's obviously going to be Ukraine focused in where that is. But I know a lot of it's going to be focused around around sanctions. Part of it's probably going to be to the discussion of what happened at the end of last week when President Trump parked a couple of nuclear powered submarines off the coast of Russia based off of things former P ...
SharkNinja Shifting Its Supply Chain
Bloomberg Television· 2025-08-07 17:56
Einstein Shark Ninja crushed it with second quarter estimates raising guidance thanks to strong international sales. The results come as the company tries to mitigate its reliance on China. And I'm pleased to say that Shark Ninja CEO Mark Baracus joins us now with more. Mark, great to have you with us.Let's talk exactly about that. I know that you said on the call that 90% of your US volume is produced outside of China. You remain on track to reach 100% by the end of the year.Where are you shifting that sup ...
Chicago Faces $11.6B Pension Hit from New State Law
Bloomberg Television· 2025-08-07 17:46
Trudy. It's an amazing story. Give us the details on why these pension decisions are really giving Chicago a much worth of a time now at raising money.So Chicago already is facing what early estimates indicate is $1,000,000,000 deficit in 2026. And its long term financial outlook also is weighed down by the net unfunded pension liability that it carries. Now, this new pension law that was just signed by Governor Pritzker last week potentially adds another $11 billion to roughly $36.5% billion long term liab ...
Miran Talks Trump's Tariffs, Exemptions and Waller
Bloomberg Television· 2025-08-07 17:42
Day 200 and the tariffs take effect. I guess they'll start there. Is this it.Are we here. This is the tariff regime. Realizing you've got an extension with Mexico, you're working on a deal with China.These are the numbers that we've been waiting for. Yes, well, they will they stay in place the way they are. First of all, thank you for having me.It's great to be back. Look, you know, I think that the restructuring of the global trading system that the president has undertaken and successfully executed has be ...
Highest US Tariff Among Developed Nations Takes Effect in Switzerland
Bloomberg Television· 2025-08-07 17:27
Switzerland is now the most heavily taxed developed economy in the US trade reset. A 39% tariff, Washington's highest on any nation has now taken effect. Trump honed in on Switzerland's $38.5% billion surplus with the US in 2024.By comparison, other countries with trade surpluses Japan and South Korea accepted 15% duties on their products. Switzerland's neighbouring European Union, of which it's not a part of, was also taxed 15%. Now Trump's Swiss tariff hits luxury exports like watches, Nespresso, cheese a ...
"The Price of Money" with Bloomberg's Tom Orlik
Bloomberg Television· 2025-08-07 15:34
Why is it that you think there is a new structural regime for benchmark rates that's going to make it a lot more difficult to get them lower over the next ten, 20 years. So it's a great question, Lisa. So let's cast our minds back briefly to the early 2000, to Ben Bernanke and to the famous savings glut hypothesis.So back then, the Fed was hiking, but long term Treasury rates weren't going up. And Bernanke said is because there's a glut of global saving. All of this money coming from China and Saudi into th ...
Lilly's New Weight-Loss Pill Underperforms in Study
Bloomberg Television· 2025-08-07 15:32
And then Eli Lilly losing 14%. Katie, I just can't believe how bad the market is taking this. I mean, just because the pill only gives you 11% weight loss, 11% is a lot of percent of your entire body.Right. Is a lot of percent. And you're right.That is Eli Lilly's biggest decline since October. You have at least one sell side analysts saying that this is an overreaction. Gerard hails from Mizuho, saying that the magnitude is high given what we learned this morning.So let's wrap it all together with Bloomber ...