I'm here on Japan's Yanuguni Island, just 110 km from Taiwan. On a clear day, you can see the island from this point. Yanuguni is a beautiful windswept outcrop that's home to less than 1500 people and a rare breed of wild horse.Japan has been expanding its military presence across its southern islands as it worries about the impact of a conflict if China tries to seize Taiwan. Here on Yonoguni, Japan is planning to deploy anti-aircraft missiles and an electronic warfare unit. On the bigger nearby island of ...

We do think uh the Fed's likely to cut rates uh at the upcoming meeting. We also think that this is a Fed that would like to get rates a bit lower uh into 2026. The challenge of course is that we expect to see a little bit of reaceleration in the economy uh during the first half of the year and we also expect inflation to remain uh comfortably above the central bank targets.So we believe this Fed when they say they're going to continue to focus on the data. We do think the data is going to be a bit confusin ...

We are having too much debt. Now, this is not just the United States. You're seeing this in England. You're seeing this in France. You're seeing this in China.You're seeing that dynamic. What's happening in all of these governments is that they can't increase their spending >> because they can't increase their debt. And at the same time, they have the needs more military spending and so on. and at the same time they can't cut taxes.And so you're seeing a lot of political turnover in the UK. They've had four ...

Acquisition Overview - Netflix agreed to acquire Warner Brothers for $83 billion, including debt [1] - Paramount made a hostile bid for Warner Brothers, potentially disrupting the Netflix deal [1][3] Regulatory and Political Factors - Netflix's CEO sought White House approval for the deal [2] - The President suggested the deal raises antitrust concerns [2][3] - Regulatory approval in Washington is required for the acquisition [4] Market Reaction - Prediction market odds of Netflix closing the acquisition dropped from 60% to 23% after the President's comments [4] - The odds further decreased to approximately 16% following Paramount's hostile bid [4]

I'm delighted to announce this afternoon that the United States will be taking a small portion of the hundreds of billions of dollars we receive in tariffs. We're taking a relatively small portion of that and we're going to be giving and providing it to the farmers in economic assistance. So, we're going to use that money to provide $12 billion in economic assistance to American farmers.This relief will provide much needed certainty to farmers as they get this year's harvest to market and look ahead to next ...

After Paramount came out with its own hostile takeover offer yesterday, Netflix co-CEO Ted Sranos says he's not too worried. He spoke at the UBS Global Media and Communications Conference in New York yesterday. Just take a listen.>> Today's move was entirely expected. Um, we have a deal done and we and we are incredibly happy with the deal. We think it's great for our shareholders. We think it's great for consumers. We think it's a great way to create and protect jobs in the entertainment industry.Uh we're ...

Mergers & Acquisitions Analysis - An $83 billion purchase of Warner Brothers by Netflix is considered risky due to potential cultural clashes and the risk of capital not returning [4] - The acquisition of Warner Brothers could introduce cultural problems, slowing down Netflix's reaction times in the face of rapid changes driven by generative AI [1][2][3] - Paramount Skydance, unlike Netflix, may need to bulk up through acquisition to survive in a generative AI-driven world due to its subscale [8][9] - A Paramount Skydance deal could close quickly, potentially within six months, due to favorable relationships with regulators, aiding its survival [10] Generative AI Impact - Generative AI is collapsing time frames, requiring fast reaction times, which Netflix currently possesses [2][3][9] - Superintelligence, where machines train machines, is projected to potentially replace humans in the long term, but in the near term, AI serves as a tool for humans [6][7] Netflix Strategy & Culture - Netflix's culture, characterized by moving fast and iterating, is well-suited for the future, especially with generative AI advancements [2][3][9] - Netflix has shown a willingness to reverse previous stances on issues like advertising, live sports, and the theatrical window [12][13][14] - The company's stance on the theatrical window is hurting its relationship with top-tier talent who desire theatrical releases for Academy Award consideration [13][14][15] Employee Count & Integration - Integrating Warner Brothers' 35,000 employees into Netflix (which has approximately 14,000 employees) could introduce cultural challenges [1] - The influx of employees from a traditional studio could hinder Netflix's agility and reaction times [3]

The Federal Reserve is expected to deliver a third consecutive interest-rate cut, but with dissenting votes, which portends difficult tests for the next Fed chair. Bloomberg's coverage begins at 1:30 pm ET on Wednesday. ...

Trade & Tariffs Impact - President Trump signaling potential new levies on Canada, India, and Mexico [1] - Uncertainty around tariffs has caused a "rollercoaster" year for trade, with importers initially slowing down and then surging when policies softened [2][3] - Retaliatory tariffs have negatively impacted US exports, as other countries make deals with normal trading partners [3] - The Supreme Court ruling on tariffs is a major factor in determining future stability and potential refunds [6] Shifting Trade Dynamics - China's share of imports to the Port of Los Angeles has decreased from 60% in 2018 to 40% currently, but overall volume has grown due to increased trade from Southeast Asia [4] - China is shifting from exporting products to exporting manufacturing expertise, investing in factories and supply chains in Southeast Asia [5] - China's exports to the rest of the world are up by double digits, indicating they are finding new customers in Europe, Africa, and Asia [17] - US exports are depressed due to tariffs, with other countries like Argentina and Brazil stepping in for soybeans, and Australia for almonds [18] Small Business Concerns - Small to midsize businesses (SMBs), representing over half of the 125,000 importers at the Port of Los Angeles, struggle to pass on increased tariff costs [9] - Removing the de minimis exemption has caused prices to skyrocket for small businesses importing small parcels from Asia, particularly China [12] - Toy importers face a squeeze on margins due to elevated tariffs, potentially impacting their ability to make payroll [14] Port of Los Angeles Performance - The Port of Los Angeles experienced its third-best performance on the container side in its history [3] - Anticipating approximately 800,000 container units for December, slightly off compared to elevated 2024 levels [15][16]

>> THE DIRECTION OF TRAVEL, THINGS ARE GREAT. >> WE ARE ENTERING THIS PHASE OF AI APPLICATION. >> IT'S NOT A BUBBLE. IT'S A BOOM WITH A STRUCTURAL CHANGE. >> AI WILL CHANGE THE WORLD. WHO WILL BE THE WINNERS? >> YOU CAN LOOK AT EITHER SIDE OF THE COIN ON THE DATA OUT HERE. YOU COULD BE BULLISH OR BEARISH. >> THIS IS "BLOOMBERG SURVEILLANCE," WITH JONATHAN FERRO, LISA ABRAMOWICZ, ANNMARIE HORDERN. LISA: SOX RAGING BACK AS INTO'S YOU HAVE IS -- ENTHUSIASM IS CURVED OVER RATE CUTS. MACRO ANALYSIS GIVES WAY TO ...