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Stew Leonard’s CEO on Thanksgiving price drops
Bloomberg Television· 2025-11-26 21:30
But that's a nice big jumbo lobster. Hey, by the way, this price is the same as last year. And then here's another good one.Hey, Matt, this might >> Okay, that's a big tomahawk steak right now. These >> that's our ranchers come back from the Midwest. Uh uh and this is what they want is a tomahawk steak.>> And you know what. Here's a couple things that went down. Obviously, eggs are down about a dollar a dozen right now.Another thing that's down, huge amount of butters being used today and tomorrow uh in the ...
Transcripts Show Witkoff Spent Hours With Russia's Putin
Bloomberg Television· 2025-11-26 21:24
Are we clutching pearls here or is this not the way to conduct diplomacy. It is definitely not the way you conduct diplomacy with an adversary who is actively working against U.S. interests around the world. I think what this captures is not we sort of knew that the last person in the president's ear shapes the president.We know that, Mr. . Wyckoff, since his first trip to Moscow in February and repeated visits as supports the Russian side. We've known that, too.But to see it so starkly in this transcript, ...
Witkoff Advised Russia on How to Pitch Ukraine Plan to Trump
Bloomberg Television· 2025-11-26 21:17
This Bloomberg exclusive reporting on the conversation between Steve Wyckoff, special envoy here in the U.S. for the president, and Uri Isakov, an aide to Russian President Putin. Is this standard form of negotiation. Is this normal diplomacy, especially among non ally countries.Well, yes, President Trump used the word standard, but usually what standard is that. You talk to your ally when you are trying to negotiate a cease fire or an end to a war involving your ally and Ukraine is the U.S. ally. But here ...
Basic Fun! CEO:Tariffs are increasing toy costs
Bloomberg Television· 2025-11-26 21:10
this Christmas season, tariffs definitely have increased the cost of toys and a lot of other products. Uh, and also sort of stunted the buying. So, there's not as much product in the market this year as there was last year.So, consumers are really going to have to go out early and get the things they really want because things will sell out quickly. You'll always find merchandise. I was on the phone today with some of my biggest customers like Walmart, Target, and Amazon, and they will be ready to ship or h ...
Rachel Reeves' Budget in 90 Seconds
Bloomberg Television· 2025-11-26 21:03
Chancellor of the Extractor Rachel Reeves has been able to expand her fiscal buffer to 22 billion pounds. This is according to an early release of the Office for Budget Responsibilities forecast. >> Well, he'll only have to wait a few minutes for the full details of the budget.But, Mr. . Speaker, every week he comes here with the same problem. He always wants more spending.The Office of Budget Responsibilities Economic and Financial Outlook was released on their website before this statement. This is deeply ...
Two National Guard Members Shot in Downtown DC - suspect in custody
Bloomberg Television· 2025-11-26 20:52
Two National Guardsmen were shot and critically wounded in downtown Washington and a suspect is in custody, officials said Wednesday. -------- 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: X: https://twitter.com/Bl ...
ETF Demand Reshapes Muni Dynamics
Bloomberg Television· 2025-11-26 20:12
Market Trends & Industry Dynamics - Municipal (Muni) funds are being converted into ETFs or replicated by new ETFs, indicating a shift in investment vehicles [1] - Approximately 50% of municipal assets are now held in ETFs, a significant increase from about 1% fifteen years ago [2] - Companies like Fidelity and Franklin Templeton are participating in the municipal fund to ETF conversion trend [3] Investment Opportunities & Demand - Strong demand for ETFs exists from both retail and institutional investors due to lower costs and higher liquidity [4] - Municipal bonds experienced their best month in October since 1990, driven by strong supply and demand technicals [4][5] - Historically, November has been a strong month for municipal bond performance, and this trend is expected to continue due to lower new supply [5]
Fed Beige Book Shows Economic Activity Little Changed
Bloomberg Television· 2025-11-26 19:38
Economic Outlook - Higher income consumers show resilience in spending [1] - Labor market indicates weaker labor demand [1] - Aggregate spending is declining [3] - Aggregate employment is declining [3] Monetary Policy Implications - The Fed may need to undergird the economy and consider an additional rate cut in December [3] - Rising unemployment rate and declining employment could prompt the Fed to cut rates [4] - The Fed is trying to maintain balance amid rising prices and input cost pressures [6] Inflation and Pricing - Firms can only pass through about 20% of higher input costs [3] - Prices are rising moderately, with widespread input cost pressures among manufacturers and retailers [6] - Input cost increases are related to tariff induced increases [6]
NYC's Lander Recommends Dropping $42 Billion BlackRock Mandate
Bloomberg Television· 2025-11-26 19:28
Climate Change Engagement - Brad Lander has been engaging with BlackRock on climate change since 2022 [2] - BlackRock, along with 49 other asset managers, submitted plans to hold portfolio companies accountable to climate change by June 30th [2] - Lander has been reviewing these recommendations for the past five months [3] Asset Manager Recommendations - Lander is recommending that the pension funds stay with 46 out of 49 asset managers [4] - BlackRock's mandate is recommended to be dropped at $42 billion [5] - Fidelity Investments and Panera have a combined $750 million of assets under management for the pension funds and are also recommended to be dropped [5] BlackRock's Response - A BlackRock managing director alleges the firm is abdicating its financial duty and undermining the retirement security of hardworking New Yorkers [3]
US Tensions With Venezuela Could Tourism, Jamaican Prime Minister Says
Bloomberg Television· 2025-11-26 19:08
I wanted to start with some of the rebuilding efforts that we're watching in your country. Prior to the hurricane, of course, Jamaica was doing well economically. What is the outlook now, especially when you consider unemployment, debt and the like.Hurricane Melissa could only be described as an atomic bomb of wind and rain that left a trail of destruction through seven of our 14 parishes. It is estimated that the physical loss of assets would be somewhere in the region of about 8.8% billion USD, amounting ...