Dan So just an embarrassment of riches when it comes to some of the earnings names next week. Which results are you most excited for. Yeah, I think it's get the popcorn out going into the weekend for next week, you're going to have robust earnings.I think front and center is going to be Microsoft. I think that's the one to me, in terms of a revolution, you're trying to understand what these use cases look like, what that expands. I think Azure growth is really off the charts.Microsoft's really won front and ...

US-China Relations & Potential Conflict - The US and China are perceived to be dangerously close to war due to potential missteps and lack of open communication between their militaries [1][2] - Establishing a hotline between the US and Chinese militaries could build trust and prevent conflict [3] - A previous hotline agreement to limit cyber escalation was not effective as China never answered it [4] - Preventing a conflict with China would be a significant achievement for President Trump [8][13] - Avoiding a war between the US and China is crucial [15] Military Preparedness & National Security - Concerns about the US military being underprepared for a conflict with China are considered overblown; the US military in the Indo-Pacific is believed to be capable of winning a war [10] - Competing priorities can distract from vital national interests, such as the relationship with China; drug trafficking in Venezuela is less important [12] - Economic security and national security are closely linked, particularly regarding critical minerals and rare earths [7] Trade & Diplomacy - Trade conversations and military engagement are parallel but related [6][7] - President Trump has a deal with Australia to mitigate risks related to critical minerals [8] - President Trump is considered a good negotiator and could potentially achieve a surprising deal with China [14]

Market Trend & Outlook - Initially, there were concerns about declining profits and compensation due to tariff issues, but the opposite occurred [1] - Investment bank, especially equities business, shows the most bonus pools set aside [2][3] - Equities business has performed exceptionally well, with stock traders at Morgan Stanley breaching the $4 billion mark in two or three quarters this year [3] - $2 billion per quarter was once considered a strong performance, but now firms are regularly exceeding $4 billion [3] Compensation & Bonus - Compensation pool is up by 10% and the bonus pool is expected to hit a fresh record [2] - The biggest jump in the bonus pool is expected to be in equities business [4] Cost Management - Cost management remains important, but the focus is on costs as a portion of profits [5][6] - As profits and revenue climb, rewarding successful producers with increased expenses is less likely to negatively impact the stock market [6]

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greipel taking you through to that closing bell. It's a global simulcast and it starts now.Carol Massar and Tim Stenovec, join us from the radio booth. Welcome to our audiences across all of our bloomberg platforms, television, radio, a partnership with YouTube, with an S&P 500 Carol Massar perched at a record high. Yeah, pretty interesting, but it feels like it's kind of limping along.We're coming off our b ...

Inflation Trends - Monthly consumer price inflation was slightly lower than forecast, with headline inflation up 03%/10 and core inflation up 02%/10 [1] - Annual inflation is still rising, with both core and headline inflation up 3% over the past 12 months [1] - Some products experienced slowing inflation, offsetting the impact of tariffs [2] Federal Reserve Policy - Analysts believe the Fed will cut rates again [1] - The Fed's target inflation rate is 2% [2] - The Fed is expected to continue cutting rates [3] Economic Indicators - Housing, food, and car costs were notably restrained [1] - The government's measure of home prices rose at the slowest pace since January 2021 [1] - Furniture, clothing, and personal care products saw price increases due to tariffs [2] Data Collection Disruption - The government may not be able to collect price data for the current month due to the shutdown, potentially impacting the October CPI report and jobs number [4] - The absence of the October CPI report raises uncertainty about the Fed's ability to cut rates in December [4] Economic Outlook - The report suggests a k-shaped economy and a k-shaped CPI report [2][3]

Argentina's Political Landscape - Argentina's President Javier Milei faces a significant test in upcoming elections, with his popularity potentially waning due to unmet economic expectations among the working class [1] - Nearly half of Congress is at stake, including one-third of the Senate and half of the House [2] - Milei's party, founded in 2021, aims to secure at least one-third of the House of Representatives to defend his legislation [3] Election Implications - Securing one-third of the lower house seats is considered a done deal by pollsters for Milei's pro-business party [4] - Surpassing the one-third mark by a wide margin would create momentum and encourage moderate lawmakers to support reforms [5] - Barely scraping by the one-third threshold could raise questions about the coalition's stability and ability to pass long-term reforms [5] Result Timeline - Election results are expected on Sunday night, with voting ending at 6:00 PM local time [6] - A new voting system allowing voters to report their vote in a single ballot is expected to provide quicker results [6]

Market Trends & Competitive Landscape - Full-size SUVs like Ford Expedition and Chevy Tahoe are experiencing high demand, reaching levels not seen in two decades [2] - Ford is capitalizing on tariffs imposed on Stellantis' (RAM) trucks made in Mexico, creating an opportunity to gain market share [5] - GM and Ford are seemingly reducing their focus and investment in EVs, a move that is being received positively by investors [6] Company Performance & Strategy - GM is laying off hundreds of workers despite strong earnings reports [1] - Both GM and Ford are acknowledging and appreciating the Trump administration's incremental tariff relief measures [3] - GM possesses greater established battery and EV production capacity compared to Ford [7] - GM's EV sales have been disappointing, failing to meet anticipated demand [7] - Ford's EV business is losing significant money, leading to cutbacks predating recent policy changes [9] External Factors & Challenges - Tariffs continue to pose real cost issues for automotive companies [2] - The elimination of the $7,500 federal tax credit has impacted EV demand [8] - Companies are actively working to mitigate costs associated with the president's policies [4]

AI in Research - AI is seen as a tool to accelerate progress in research programs [1] - Approximately 50 research groups are utilizing advanced AI to address previously unsolvable problems, such as materials processing and river management [2] - AI systems are enabling researchers to think beyond conventional methods, fostering revolutionary opportunities in fields like advanced chemistry [2] Impact on Scientific Advancement - AI could potentially reduce the time to complete work equivalent to a genetics dissertation to 14 days [3] - The accelerated research pace could lead to faster cures for cancer and improved analytical tools for restoring sight [4] - AI may expedite the development of techniques using electromagnetic currents to treat Alzheimer's disease and other neurodegenerative diseases [4] Future of PhD Studies - The traditional PhD process, which typically takes 4-5 years, could be significantly shortened with the aid of AI [3] - Future PhD students may be able to complete the equivalent of 20 PhDs due to the efficiency gains from AI [3]

Why was prep of bankruptcy temporarily pause. I know we mentioned a Trump era ruling, but what happened. Yeah.Back in August, the Trump administration decided to fire all but one of PREPA board members. PREPA is the Puerto Rico Electric Power Authority, and it's the main supplier of electricity on the island. So it's just this vital source for the residents and businesses there and that the oversight board manages purpose, bankruptcy, and also the island's finances. And so the Trump administration wanted to ...

It's a critical period for China as it prepares for high stakes talks with the US next week. Ahead of those discussions, one of China's most important political meetings, the so-called fourth plenum took place over 4 days. It gave insight into what President Xi Jinping and his government are looking to prioritize while locked in the trade war with the US.Topping the agenda, China called for more self-reliance of technology and vow to increase advanced manufacturing. This could be a way to counter efforts by ...