A deadly fire has engulfed an eight-tower high-rise complex in Hong Kong, killing at least 13 people — with firefighters racing to rescue residents from the blaze. -------- 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 ...

A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it. >> At the October 29th FOMC meeting, Fed Chair Jerome Powell made comments that convinced the market that a December rate cut was no longer a done deal.Powell noted that the absence of reliable data, created high uncertainty, and suggested the situation may favor caution when it comes to further eases. The futures markets believed him. Odds for a December rate cut plunged from over 90% to below 50% in t ...

A major fire has engulfed an eight-tower high-rise complex in Hong Kong, killing at least four people — with firefighters racing to rescue residents from the blaze https://t.co/1l1r8FYYvl ...

Well, I'm of the view that the nominal neutral rate. Is no harden 3%. So I'm of the view that the Fed has no business being almost 100 basis points above neutral when you consider the trend in underlying inflation, which has been gradually to the downside but is on the downside and the unemployment rate.No, keep in mind we always talk about how inflation is still above the Fed's target. The Fed has a dual mandate and the unemployment rate is just a snake. Now to the second decimal place below four and a hal ...

Chancellor of the Exchequer Rachel Reeves, has been able to expand her fiscal buffer to £22 billion. This is according to an early release of the Office for Budget Responsibilities forecasts. That compares to expectations of £15 billion.So this number was much better than anticipated. It sent yields down when it initially hit the Bloomberg terminal at just some minutes ago. The document appears to be what it is genuine.It was published in error, though, by the OBR ahead of the expected release, which is usu ...

Is Steve Wyckoff playing some sort of 4D chess here, or is he a liability for the president. Look, I think Stephen, of course, is doing what the president is asking him to do, which is to bring him deals. He was obviously very effective in the Middle East.We know he had an important role to play in the Israel Hamas cease fire. And I think they gave him a lot of credibility. And I think he wanted to use that momentum to try to bring the president his long desired, long awaited deal to settle the war between ...

Should Kash Patel be sending out resumes. Oh, yeah. I mean, they appointed him.The head of the FBI is like, you know, appointing a lifetime truant to the, you know, lead the Department of Education. I mean, it never was qualified. And, you know, all he does is fly around and see his girlfriend and, you know, other weird things get press releases out.And now he's trying to appeal to the president by attacking members of Congress for doing their duty and reporting the truth, which is what the U.S. Military Co ...

When do you think we're going to be reacting. Because I this is this is my conundrum with all of this is Clinton all of this is hard to there's a lot of kind of small bets and then you don't know what the derivative effect of those small factors aren't going to be. Yeah, I mean, I think there's going to be a phase.Reaction is and we certainly will get a reaction today. But whether you get a longer term reaction really depends on what we actually get, which we don't know that much in terms of what I'm watchi ...

So bullish goals here. Yes, we look for nearly 20% of additional price upside by the end of 2016 with our forecast at $4,900 per troy ounce by the end of 26. Not as fast as this year.We were up almost 60% year to date. But the two drivers of the 25 rally, we think will be repeated in 26, number one. Structurally higher central bank purchases since the freezing of Russia's central bank reserves in 2022 M reserve managers got this big wakeup call that they need to diversify into gold, which is the only truly ...

Chancellor Rachel Reeves is set to unveil her much anticipated budget later today. Let's go to bring back Zoe Burton at Westminster for a preview. Lizzie living across the UK say.Well, I know we've had months of speculation, weeks of leaks finally were here and the chancellor is caught between the bond vigilantes on the one hand and the left wing of the Labour Party on the other. At first she seemed to be laying the pitch for breaking Labour's manifesto, a rise in income tax. And then there was this policy ...