It appears the race for the next Fed chair is down to two. While talking to the Wall Street Journal, the president named Kevin Hassett and Kevin Warsh as his top two choices. Policy, policy market, I should say.Poorly market odds had Hassett as the clear front runner. But Warsh is closing the gap considerably. Here with me now is Michael McKee Bloomberg International economics and policy correspondent.And I, I know mystery is a big part of the strategy of this administration, but previously the president sa ...

EU-China Trade Relations - EU is in close contact with China's Foreign Trade Minister regarding general licenses [1] - Initial reports suggest EU industry is receiving general licenses from China, but more granular information is needed for full evaluation [2] - China was receptive to EU arguments that the initial licensing process (set up in April) was too intrusive, requiring excessive information about supply chains [2] - A "hotline" has been established with Minister Wang Wentao for priority cases [3] Supply Chain Concerns & Mitigation - Worried CEOs of EU companies expressed concerns about the lack of permanent magnets and legacy chips [3] - The instability in global supply chains is a challenge [4] - European industry should prepare to pay a "security premium," stockpile, and diversify [4][5] - Dependencies are costly, and this is included in the new communication on economic security [5]

Oh, so you And in Australia, you probably read they've uh it's been it's been a very very brave person actually who went and attacked frontally uh one of the shooters and saved a lot of lives. So very brave person who's right now in the hospital pretty seriously wounded. So I great respect to that man that did that.Huh. ...

Market Trends - Artificial general intelligence (AGI) is booming, driving growth in the data center industry [1] - Copper prices have been on an upward trajectory in the last 3 years, potentially due to Gen AI and electric vehicles, while crude oil prices have generally decreased [2] Supply and Demand - Global demand for copper is growing, while the supply remains relatively stagnant [2] - Copper has the slowest growing supply of any industrial metal over the last 30 years [3] - Increased demand for resources from Gen AI in the coming years could be bullish for the price of copper [3] Industry Impact - Data centers are crucial for AGI development and rely on copper wiring for internal and external connections [1]

Energy Consumption & Projections - Data centers' electricity consumption in the US has seen tremendous growth since 2018 [1] - In 2018, data centers accounted for 19% of US electricity consumption [1] - By 2023, data centers consumed 415% of US electricity, approximately 147 terawatt hours [1] - Data center electricity consumption is projected to rise to over 600 terawatt hours by 2030 [1] - This year's data center electricity consumption has grown by over 30% in 2 years [1] Natural Gas Market Impact - Increased electricity demand could significantly impact the natural gas market [2] - Natural gas is the primary source for electrical generation in the United States [2] - Increased demand could potentially raise natural gas prices and increase volatility [2] - Natural gas prices have been low for the last 15 years due to the boom in fracking [2]

So, why is gold still so important in a modern digital financialized economy. Well, a lot of it has to do with this fact that central banks are the world's biggest holders of gold. They have been net buyers of the yellow metal every year since 2008.The fact that they're buying tells us two things. First of all, they don't think that gold is a commodity. They think it's money. They think it's a currency.Secondly, it also tells us that they would rather be buying gold than buying one another's currencies. Wel ...

One question we've been hearing a lot is what impact do weather events have on markets and on the economy. Well, traditionally the biggest impact was always in the agricultural sector. Back in the 1970s and 1980s, if there were droughts or floods in the United States, it could create a tremendous volatility in the prices of crops like corn, wheat, and soybeans.However, it seems as though weather effects on these kinds of crops have been substantially mitigated in recent years because of the growing diversif ...

Nick Reiner, 32, was arrested and charged with the murder of his parents, the Hollywood director and actor Rob Reiner and photographer Michele Singer Reiner. The son is being held on $4 million bail. Rob Reiner and his wife were found dead in their home on Sunday according to multiple reports. He was 78, she was 68. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 ...

SCARLETT: WELCOME TO ETF IQ WE HAVE SOME BIG ECONOMIC DATA POINTS TO GET THROUGH. KATIE: LET'S GET TO THE BIGGEST STORIES RIGHT NOW. 19 TRILLION DOLLAR GLOBAL ETF INDUSTRY AND IS THE LAST FULL TRADING WEEK FOR THE YEAR WITH STOCKS WIPING OUT THEIR GAINS ON THE SESSION AS PEOPLE PREPARE FOR THAT DELAYED U.S. JOBS REPORT.SCARLETT: BLACKROCK'S JEFFREY ROSENBERG WILL HAVE HIS EYES ON THAT. KATIE: PLUS IN A MOMENT WE WILL SPEAK WITH SOMEONE FROM RBC CAPITAL MARKETS ABOUT THE VIEWS INSIDE AND OUTSIDE THE UNITED S ...

It's amazing having been through these shootings so many times now, you're in a situation where some of the kids at Brown University have already gone through their own shootings before, and this was their second try. The American public overwhelmingly wants gun control reforms. It is across all age brackets.It's certainly with youth voters. Any hunters you speak with will talk with reverence about how you need to have a common sense gun policy and be responsible with your gun ownership. And it's something ...