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Trump Says He Will Meet Putin in Hungary to Discuss War
Bloomberg Television· 2025-10-16 18:46
According to our reporting, the European Union is laying out a five year plan when we consider investment across the continent to help rearm and restrain Russia. To what extent is the EIB involved in that broad investment that will clearly take years to realise. Indeed, the European Investment Bank, as the financing arm of the of the era of the European Union, has a has an important role to play in stepping up Europe's capabilities in the area of security and defence.There are many different needs and we ar ...
Local language films pay off for IMAX
Bloomberg Television· 2025-10-16 18:00
How do you get to a 1.2% billion for instance in a year when the industry globally is declining or growing at a much lesser rate than we are growing. That's how you get there is you're being agile by opening that content aperture up and including not only Hollywood tenfold releases but all of these local language releases along with alternative content. There is opportunity to make all of that additive.>> We don't only do local language films in the market they're in. We do them in other markets. One pleasa ...
Nuclear weapons agency to begin furloughs, energy chief warns #shorts #nuclear #shutdown #furlough
Bloomberg Television· 2025-10-16 17:57
The shutdown is definitely destructive. Everything we're trying to do is lower American energy costs and enable American businesses to build more manufacturing facilities in our country. Um losing workers, having uncertainty, uh having funds frozen or uncertain, that's not helpful.Let me if I can give one example. We are modernizing our nuclear weapons stockpile at the Department of Energy. That's done by about a 100,000 contractors.They're not government employees. They're contractors. So, they're not goin ...
Fed’s Waller calls for careful cuts #shorts #fed #waller #ratecut #economy #markets
Bloomberg Television· 2025-10-16 15:04
I want to talk about the meeting that takes place at the end of this month as well. You were pretty clear going into the last meeting. You delivered a speech and I believe the title was let's get on with it.Are you advocating for the same thing at this meeting. Yeah, I think it's it's uh the right thing to do. Back then there was an issue of whether you go 50 or 25 and I thought I argued we could do 25 and see how the data comes in. Of course, we're not getting much data and then we can think about the next ...
Nuclear Weapons Agency to Begin Furloughs, US Energy Secretary Warns
Bloomberg Television· 2025-10-16 14:40
Government Shutdown Impact - The shutdown is considered destructive, hindering efforts to lower American energy costs and build manufacturing facilities [1] - Approximately 100,000 contractors modernizing the nuclear weapons stockpile may face unpaid work, potentially leading to job loss and program disruption [2][3] - The National Nuclear Security Administration may furlough employees due to lack of funds, impacting the nuclear stockpile modernization program [3][4] National Security Concerns - Modernization program to replace older weapons with new modern weapons is a key part of the job [5] - While existing nuclear stockpile will be secure, the modernization program faces disruption due to the shutdown [4][5] - The speaker adamantly favors ending the shutdown to ensure America's nuclear safety [5]
Trump Says Modi Will Stop Buying Russian Oil
Bloomberg Television· 2025-10-16 14:35
I was not happy that India was buying oil and he assured me today that they will not be buying oil from Russia. That's a big stop. Now I got to get China to do the same thing.There will be no oil. He's not buying his oil from Russia. It's started.You know, he can't do it immediately. It's a little bit of a process, but the process is going to be over with soon. And all we want from President Putin is stop this.stop killing Ukraines and stop killing Russians because he's killing a lot of Russians. Again, it ...
Fed Governor Christopher Waller on Careful Rate Cuts, Labor Market Concerns, AI
Bloomberg Television· 2025-10-16 13:01
Monetary Policy & Economic Outlook - The speaker advocates for a cautious approach to interest rate cuts, suggesting a 25 basis points reduction at a time, to avoid potential mistakes given conflicting data on the labor market and GDP growth [6][9][10] - The speaker believes the labor market is weak, contrasting with stronger GDP growth, creating a puzzle that requires either GDP numbers to decline or the labor market to rebound [7][8] - The speaker notes that tariff uncertainty and firms waiting to assess the impact of AI are contributing to the slowdown in hiring [11][12][13] - The speaker suggests that current financial market conditions are bifurcated, with loose conditions for corporate America but tighter conditions for Main Street America due to higher mortgage, auto loan, and credit card interest rates [15][16] - The speaker acknowledges the risk of being "lulled" into reducing rates based on weak payrolls data, potentially fueling financial market excesses, but emphasizes the Fed's mandate of maximum employment and stable prices [21][22] Inflation & Sectoral Reallocation - The speaker is not overly concerned about inflation, including tariff-induced or AI-induced inflation, as sectoral reallocation may offset demand increases in one sector with decreases in others [25][26][27][28] - The speaker estimates inflation is running at approximately 25%, and suggests focusing on core inflation to avoid volatility from energy prices [28] AI Impact & Structural Changes - The speaker expresses concern that the potential impact of AI on the labor market could be a structural change, which monetary policy is not designed to address [35] - The speaker differentiates the current situation from the previous year, citing tariff uncertainty and the AI factor as key differences, with unemployment not being a major concern last year [34]
OpenAI’s Porn Pivot Is Problematic But Lucrative, Parmy Olson Says
Bloomberg Television· 2025-10-16 10:16
Business Model & Monetization - JPT engaging in erotica with verified adult users is a way to make money, a viable business model [1] - OpenAI may resort to advertising to monetize its 800 million users, as most don't pay for chat [1] - The new app Sora, similar to TikTok, presents a perfect platform for advertising [2] - Erotic content is a lucrative business, despite potential distaste, and companies restricting it may lose millions of users [3] User Behavior & Market Trends - Roughly 30% of prompts typed into some AI assistants are of a romantic or sexual nature [4] - This 30% statistic is observed across the board by Pandora Bots, a long-standing chatbot company, based on their experience with companies, investors, and founders [5] - OpenAI hopes that adding erotic content will attract more subscriptions and users [4] Strategic Direction - OpenAI has hired executives with experience in creating ad businesses, indicating a directional shift towards advertising [3] - OpenAI is capitalizing on basic human instincts to generate revenue [6]
China's BYD Plans 200 to 300 Charging Stations in South Africa by End 2026
Bloomberg Television· 2025-10-16 09:16
Strategy and Technology - BYD emphasizes its position as a technology company with differentiated solutions and strategies, supported by 120,000 R&D engineers and 45 patents per day [1][2] - The company aims to bring total solutions, including solar panels and charging stations, to various markets [3][4] - BYD plans to invest in flash charging infrastructure, particularly in South Africa, with an initial investment of 200 to 300 units by the end of next year [11][12] Global Expansion - BYD intends to play strongly in both China and overseas markets [2] - The company is focusing on expansion in Africa, especially South Africa, by providing technology and innovative solutions [5] - BYD has no current plans to enter the U S market [12] - BYD's facility in Hungary is expected to be operational by the end of this year, with car production ramping up in Q1 next year, positioning the company for local production in Europe [13] Product and Technology - BYD promotes its DMI (Do More Intelligence) super hybrid technology, highlighting its reliability and range of 50 to 200 kilometers on electric power and 1500 to 2000 kilometers with a full tank of gas [7][8] - The company focuses on convincing customers through test drives to demonstrate the cost savings and benefits of their EVs [9][10]
How Mishal Husain holds world leaders to account #politics #podcast
Bloomberg Television· 2025-10-16 09:00
There is a real thrill about walking through the door of 10 Downing Street, home of British prime ministers. I've interviewed a number of them over the years. David Cameron, Theresa May, Boris Johnson once told him to stop talking.And I've interviewed others who want to get to Downing Street with Kier Starmmer. I was interested to see what he'd be like in the job. I prepped with my team for the interview and then I woke up that morning to some really significant news.Israel launches waves of air strikes aga ...