After stopping at Macy's today. They were the first ones that said let's put things on sale Friday. What did you observe today in the 2025 Macy's.Couple of things. First, thank you so much for having me and have a help. You had a great Thanksgiving.What I saw at Macy's, it's a different type of Black Friday than it was in the past. The reason why crowds and traffic, the buzz doesn't kick up until later in the day. And that's for a lot of retailers.Macy's opens at 6 a. m. , but others open later.What did I s ...

Immigration Policy Changes - The President is considering additional immigration restrictions, potentially including a "permanent pause" on migration from "third world countries" [1] - Immediate actions are expected, potentially a temporary freeze, followed by a more nuanced, case-by-case review [3][4] - Congress has ultimate authority over immigration policy and coordination is expected [6] Potential Impacts - The Afghan community in the United States, especially those who arrived since 2021, may feel threatened [5] - Mass deportations are unlikely, as the administration claims to have already stopped illegal immigration [7][8] - Reviews will likely find that most immigrants do not have criminal records and are not a threat [9] Economic Considerations - Restrictions on H-1B visas and refugee admissions can disrupt companies relying on skilled foreign workers [10][11][12] - Companies may face challenges in finding talent and managing their businesses [11][12]

It was a hugely unfortunate incident where, as you say, launching an investigation. It's going to be led by Baroness Sarah Hawke. She's going to be helped by Professor Kieran Martin, who was the chief executive, is former chief executive of the National Cyber Security Centre.They're going to report to the Treasury Select Committee and to the Chancellor. I think that will happen quickly within a few days, hopefully by sometime early next week. This is a very serious incident.They're both determined to get to ...

Investor Sentiment & Market Outlook - Investor sentiment regarding the sustainability of the AI trade experienced a significant boost in recent months, followed by a period of rethinking in the last four weeks [2] - Investor positioning indicators, including systematic positioning for CTAs, risk parity, volatility target strategies, and momentum signals, have decreased from above the 95th percentile to the 50th percentile, indicating reduced warning signals [5] - The market's catalyst for recovery in the next two to three months is earnings, not necessarily the Federal Reserve's December decision [8] Earnings & Sector Performance - Concerns around OpenAI overshadowed Nvidia's earnings, despite the company beating expectations and providing better guidance [9] - The earnings beat trade for the third quarter was the strongest since 2021, indicating a generally positive earnings season [10] - Consensus expectations for fourth-quarter sequential earnings growth for the S&P are down 1%, and excluding tech, net income expectations are down 8% [11] - Eight out of eleven sectors are expected to report a sequential decline in earnings, creating a potentially bearish setup [12] - Small and mid-cap companies in the United States experienced a relatively strong earnings season, offering potential fuel for the market beyond big cap tech stocks [14] - Broadening has been happening in the market, with industrials, healthcare, financials, and even energy sectors up 6% to 14% year-to-date [16][17] Potential Risks & Concerns - A major concern is when CapEx starts to decline, leading to worries about higher tech debt [1] - There are concerns that the open air universe might only benefit Google, potentially threatening the broader Nvidia and hyperscale trades [4] - Investors may have excessively cut risk or taken up hedges in November, potentially missing out on a market melt-up driven by earnings [12][13]

Xi Jinping is calling for all-out efforts to reduce casualties after Hong Kong’s deadly residential fire kills at least 44 people and leaves hundreds missing. -------- 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 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: ...

I'm here at Kongfuk Center which has just across from the scene of the fire. And you can see here that there are mattresses and residents clearly seeking refuge in this area overnight because it was very chilly. And they there are volunteers organizing the donation drive uh giving out shampoo, soap, disposable underwear, mattresses, blankets to just make people feel comfortable for the night.Um, the government has opened up nine shelters, mostly community centers, that they will keep them open as long as re ...

I'm here in Taipo at the scene of the fire that broke out yesterday at 300 p. m. We are now 8:30 a.m. the next morning. It's about 17 hours on and the fire is still ablaze.If you look through some of the apartments, you can still see the fire and smoke, heavy black smoke billowing out. I can smell it. I can feel a sting in my eyes when the wind blows over.This is the worst fire since 1962. At the moment, the death toll stands at 44. It could be revised up later.many more still missing. Authorities said that ...

Credit Card Usage & Interest - Approximately 60% of credit card users revolve, incurring high interest charges [1] - Revolvers pay interest on their outstanding balance [2] - The average interest rate for revolvers is 23% [6] Swipe Fees & Interchange Fees - A percentage, known as the swipe fee (approximately 15-20 basis points), is applied when a credit card is used [2] - Swipe fees on approximately $10 trillion in debit and credit card purchases accumulate significantly [3] - The majority of the swipe fee goes to the bank that issued the card, known as the interchange fee [4] - Interchange fees average a little over 18%, and have been trending upwards [5] Financial Services Industry - Visa and JP Morgan are often the most valuable financial services firms [4]

We've heard so much about the GPU Chip's A. I. needs, which have catapulted in video to the top of the leaderboard.But what about quantum computing. How are they different. And who's making them.Jerry Chow of IBM gave us a tour at the Thomas J. Watson Center in Yorktown, New York. So this is our IBM Quantum System two, which is the most recent one. Most recent one.It is also a infrastructure that is built with modularity and scalability in mind built for data centers. Right. So the way to think about it is ...

Holiday Season Performance & Strategy - Bloomingdale's CEO expresses cautious optimism about consumer spending during the holiday season, noting positive trends in recent months [1] - Bloomingdale's is investing heavily in creating engaging in-store experiences to attract customers, focusing on personalized services and unique events [3][4] - Bloomingdale's has experienced four consecutive quarters of same-store sales growth, indicating a successful turnaround [5] - The National Retail Federation estimates that 44% of consumers will do their holiday shopping at department stores this year [6] Bloomingdale's Reinvention & Brand Partnership - Bloomingdale's aims to rebuild its iconic status by reinventing the customer experience and fostering relationships [7][8] - Bloomingdale's has a 70-year partnership with Burberry, highlighting a collaboration for the holiday season, including wrapping the flagship store in a giant Burberry scarf [9][10] Burberry's Performance & Strategy - Since July 2024, when Joshua Shulman took over, Burberry's shares have rallied 50% [11] - Burberry is emphasizing its British heritage and offering a range of luxury products, from $130 candles to $3,000 trench coats [12] - Burberry aims to maintain broad universal appeal while remaining true to its luxury brand status [13] Luxury Market Trends - A JP Morgan report indicates that consumer demand for luxury goods in the U S has remained strong despite economic challenges [14] - The S&P Global Luxury Index, tracking 80 major luxury brands, shows no signs of slowing down [14] Future Outlook - Bloomingdale's is already planning for future holiday displays and strategies, looking as far ahead as 2027 and 2036 [15]