Samandu. This is Africa's biggest ever mining project built on the world's largest untapped deposit of iron ore. And this is the story of how it went from being an ambitious dream to the cusp of reality.Iron ore is the raw material used to make steel with a global market worth about $300 billion a year. And yet the deposits at Samandu, which Riotinto started exploring almost three decades ago, remained trapped under the mountains. Its extreme remoteness, military coups, and corruption scandals paralyzed the ...

[CC may contain inaccuracies] Very good conditions. We're in an equity bull market. Mag seven and everything else.We've had this historic meeting last week between the two presidents, US and China. What do you what do you make of are the state of play right now. Are we in a much better position than we were at the start of the year.Well, it seems like the meeting was constructive. I'm I'm watching the news the same way here, all watching the news. I think at the moment, you know, de-escalation is a good thi ...

Which race will you be watching closely for insights into national trends in politics across America. >> Oh, that's easy because I think the Republicans are going to have a bad night tomorrow night. >> I in the end will be surprised if they win in Virginia or if they win in New Jersey.The governor's race is there. I think Mumami is going to be the next mayor of New York. And I think the race to watch is none of those.It's the California redistricting ballot initiative because that's going to determine who c ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greifeld taking you through to that closing bell. It's a global simulcast that starts now.Carol Massar Tim Stanovec in the radio booth. Welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube. Here on a relatively modest day in financial markets.Carol Massar the market. Waiting on something. Yeah, it is waiting on something.I'm not quite sure. I think with the F ...

Day 34. What does this mean for the state of New York having at least some of these food stamps covered. And how long can the administration keep that going.Well, assuming they're talking about depleting the emergency fund, that's roughly $6 billion. And food stamps for an entire month under SNAP benefits is over 9 billion. So, you know, theoretically, this will extend benefits for a few weeks.But again, we shouldn't even be in this situation. This should have been resolved weeks ago. House Republicans pass ...

And the reason why it's hot. Katie, take a listen to this. Revenue up 63% in the most recent period to $1.18% billion.Saw a decent performance here on the bottom line as well. And more importantly, the guidance for the current quarter, the full year, if you will. The idea here that some of those gains can continue.The shares, which had been up about 6% in the after hours trade, now almost unchanged. Gloria joins us right now, head of technology research at D. A.Davidson. And Gail, I don't think anyone came ...

Tariffs & Legal Challenge - Rick Wattenberg, head of two educational toy businesses, is challenging the president's tariffs due to their significant impact on his company, which manufactures most of its products in China [1][2] - The lawsuit, now before the Supreme Court, questions the president's authority to impose tariffs under a law granting emergency economic powers [3][4] - The law used accounts for approximately 60% of current tariffs [5] - The core legal question is whether the law's authorization for the president to "regulate importation" includes the power to impose sweeping tariffs [6][7] Potential Economic Impact - A Supreme Court ruling against the president could lead to over $100 billion in refunds to businesses that have paid the tariffs [5][8] - Overturning the tariffs could alleviate inflationary pressure, as companies have already raised prices in the mid-single digits due to tariff costs [8][9] Supreme Court Considerations - The Supreme Court has previously restricted presidential power in cases such as student loan forgiveness, which may influence their decision on the tariffs [10] - A related case concerning the president's ability to remove officials, like a Democratic commissioner on the Federal Trade Commission, could provide clues, as the Court has previously indicated it wants to preserve independence [13]

And that gas has come off quite a volatile couple of years now. There has been an element of market tightness. Uh how do you see things shortterm before we talk about some of the medium-term.I >> I think you nailed it. Short-term natural gas markets are going to be defined by volatility. What's happened in the United States uh over the last 10 years with an infrastructure cancellation movement.We've seen demand grow 50% but the infrastructure to support that demand, the pipelines have only grown 25%. And mo ...

Some companies uh have been getting punished around earnings last week for coming out with these huge figures of capex spending plans over the coming quarters, the coming years. Are you confident that the demand is going to meet the spend. >> I can't speak for the whole industry. I can only speak for Microsoft.Yeah. >> And what I can say for Microsoft is that demand is clear. It is present.Our biggest challenge is not a risk of you getting ahead of demand. It's actually keeping pace with demand. And what we ...

I would say to any next mayor of any city, don't listen to me. I don't listen to me. I I I'm 10 months in.I am solely focused on San Francisco. I I get asked a lot about something. That's what I'm saying.I'm asking >> You're asking him to advise his competitors. >> No, but you've learned stuff, right, in the 10 months or whatever, nine months since you've been on the job. What have you learned about interacting with uh these very very powerful wealthy interests.Well, listen, I I think what I've learned thro ...