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US, Korea Focusing on Structure of $350 Billion Deal, Not Currency Swap
Bloomberg Television· 2025-10-22 18:29
South Korea and the US are focusing on the structure of a $350 billion investment pledge by Seoul, rather than a currency swap, according to Finance Minister Koo Yun Cheol. Officials in Washington including Treasury Secretary Scott Bessent now see the potential for a shock to Seoul’s foreign-exchange market from an “upfront” deployment of funds, Koo said. Koo spoke exclusively with Bloomberg's Shery Ahn about the progress of talks on Wednesday in South Korea. -------- More on Bloomberg Television and Market ...
Rivian spinoff preps $4,500 e-bike as first product #shorts #ebike #rivian #also #tech
Bloomberg Television· 2025-10-22 17:44
Product Overview - Also, a micromobility startup spun out from EV maker Rivian, launches its first product, the TMBB ebike, with a starting price under $4,000 [1] - TMBB features a unique pedal-by-wire system, eliminating chains and gears, using sensors and software to convert pedaling into electric power [1] - The premium version of the TMBB includes a touchscreen interface for modes, maps, and music [2] - The ebike's detachable battery pack supports USBC fast charging and utilizes the same cells as Rivian's EVs [2] - Adjustable pedal assist allows speeds up to 28 mph, and an accelerator enables speeds up to 20 mph where permitted [3] Company Strategy - Rivian identified an opportunity to target short trip riders and leverage its battery technology through Also [2] - Also is now an independent entity, launching its first-generation ebike after securing hundreds of millions of dollars in funding [2] - Also is developing four-wheeled variants for families and businesses [3] - Reservations for the TMBB are currently open, with deliveries scheduled to commence next year [3]
What Happened to Gold and Silver's Scorching Rally?
Bloomberg Television· 2025-10-22 16:55
We've seen gold's biggest one-day drop in more than 12 years. Silver, too, suffered its steepest sell-off in years. It's a sudden turnaround from their dizzying rallies.What happened. Gold tumbled as much as 6.3% on Tuesday, leaving bullion around the $4,000 mark. Silver slid 8.7%.The slumps came after technical indicators showed the scorching rallies for both metals were likely overstretched. Now, this marks an abrupt halt to rapid advances that have been underway since mid August, driven by bets that the ...
Can Alzheimer's be prevented? #shorts #alzheimers #longevity #health
Bloomberg Television· 2025-10-22 16:47
So the best way to summarize to prevent getting Alzheimer's if you can quote prevent it would be to do what >> the thing that I advocate for is to get educated and get informed. There are so many free resources out there. We did a a randomized controlled NIH funded trial through the comfort of your own cell phone can do a risk assessment can do a cognitive test and then the software can tell the person what to do to reduce their risk.Sleep is critical. Um, you know, you can exercise all you want, but if you ...
Gold Will Struggle to Match Recent Highs, Rabobank’s Foley Says
Bloomberg Television· 2025-10-22 16:43
What a move in gold. Extending losses after its steepest sell off in over a decade. The precious metals record run before yesterday sparking concern at a US debasement trade.Jane Foley of Rabobank debunking that theory writing debasement would imply a move away from the dollar and the US treasuries into assets such as gold. And there is very little evidence to back up these flows. James joins us now for more.Jim, welcome to the program. It's been a really curious year because the narrative around foreign ex ...
Trump Says He Doesn't Want Wasted Meeting With Putin
Bloomberg Television· 2025-10-22 16:18
Greg, you've got the Financial Times reporting that this Trump-Putin summit is canceled. Is it just in jeopardy. What's the latest.Well, before this, even we had Russia really tamping down expectations for this summit. We heard that they would take challenging and work and a lot of preparation leading up to it. And now we have Donald Trump casting doubt on it himself.What seems to have happened is that for Russia's foreign minister, Sergei Lavrov held a call with U.S. Secretary of State Marco Rubio that was ...
Trump on US Shutdown: 'Let the Country Open'
Bloomberg Television· 2025-10-22 16:17
He reached out to you about meeting on the government shutdown. Will you meet with them before you leave for Asia on Friday. I will, actually.I'd love to meet with them. I just want them to open up the country first. You know, the country is so hot right now and they've never voted against, you know, continuation. They've never voted against. They've never done that.They're doing this because they have Trump derangement syndrome. But I will I would love to meet I would like to meet with both of them. But I ...
Trump Calls Fed Chair Powell a 'Real Stiff'
Bloomberg Television· 2025-10-22 16:08
The economy is roaring, incomes are rising, and small business confidence is at the highest level in over a decade. So the confidence levels which they do, which mean something they think over the last ten years, I don't think they go beyond that. We have the highest level of confidence in our economy.Gasoline prices are way down. Grocery prices are way down. Energy prices are way down. Mortgage rates are down.We have a real stiff at the Federal Reserve. I can't help them. But he's going to be leaving soon. ...
StanChart's Cooper on Gold, Silver Losses
Bloomberg Television· 2025-10-22 16:06
Market Analysis of Precious Metals - Precious metals are experiencing a sell-off, potentially due to technical factors and profit-taking after a rapid rally [1][3] - Gold prices had been trading in overbought territory since the beginning of September [3] - The universe of investors in the gold space had expanded rapidly [3] - ETP flows showed rapid accumulation in gold [4] - Positive rhetoric around US-China trade talks may have contributed to the downward pressure [5] Price Levels and Forecasts - Standard Chartered forecasts a quarterly average of $4,000 per ounce for gold in Q4 [7] - Gold is expected to regain momentum in 2026, with further highs anticipated next year [7] - Q1 prices are expected to average $4,200, and the yearly average is projected at $4,488 per ounce [7] - A healthy correction could see prices dipping below $4,000 per ounce in Q4 [8] - Technical support levels are identified at $3,900 and $3,700 [9] Physical Market Dynamics - Physical market demand from China and India hasn't been fully tested on the downside [9] - Indian market demand is responsive to high but stable prices, but may decrease with high volatility [10]
Mattel Misses on Earnings Due to Trump Tariff Uncertainty
Bloomberg Television· 2025-10-22 15:33
Let's stick with earning shares of. It's now taking a hit as retailers delay orders over tariff uncertainty impacts and the current. Joins us now for more.And there we're starting to see it might not be a big stock market issue but a company turning around is saying some retailers are holding back, waiting for clarity. How much of an economic issue might that be. Well, it's a big question, a big missing piece of the jigsaw.When will these tariffs start to flow through to more broadly goods on the shelf. Jon ...