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US Could Double Aid for Argentina to $40 Billion, According to Media Reports
Bloomberg Television· 2025-10-15 18:59
There are media outlets reporting that Scott Bessant, the U.S. Treasury secretary, has outlined financial aid to that country that would total $40 billion. For more, let's bring in bloomberg's mike McKee. Mike.From what we understand, are there are conditions tied to this or there was strings attached to up to $40 billion of aid from the United States or Argentina. Well, the administration hasn't made a whole lot clear about any of this yet, Scarlett. We don't even know about the original $20 billion, wheth ...
Michele Kang on the lack of investment in women's sports #shorts #investing #womenssports #wealth
Bloomberg Television· 2025-10-15 18:50
There are reasons why women's football or women's sports have been somewhat behind uh than men's sports. There are a lot of key elements that would make any sport successful were not present. So for example, if you look at women's um teams, team sports, their training manuals are borrowed from men's training manuals.There's no independent training manuals designed and developed for women. Well, women's body is not the same as men. There's hormone, uh, nutrition, sleep, they all work differently.And women ar ...
Fed Beige Book Shows Little Change in US Economic Activity
Bloomberg Television· 2025-10-15 18:32
Economic Activity & Consumer Spending - Economic activity slowed, and hiring remained flat, indicating a cautious approach from companies [3] - Consumer spending shows a bifurcated trend, with high-income consumers driving luxury spending while lower and middle-income households seek discounts due to rising costs [6] - Concerns exist about consumer spending slowing down, with consumers starting to pull back [4] - The Beige Book indicates that companies are increasing the pace of layoffs and adopting more technology [4] Inflation & Pricing - There are signs of tariff pass-through in certain goods categories, impacting prices [4][10] - The expectation is that inflation will eventually level off [10] - AI prices are rising slightly due to tariffs [4] Automotive Industry - Auto sales were driven by consumers trying to purchase electric vehicles before the end of the tax credit in September [5] Data & Economic Indicators - The Atlanta Fed's GDP now number for the third quarter is approximately 38% [5] - High-income households are increasingly making up the share of overall consumer spending, accounting for about 50% [7]
Crypto Crash Concerns, Zac Prince Makes Return, Institutional Adoption | Bloomberg Crypto 10/15/2025
Bloomberg Television· 2025-10-15 17:31
Market Overview & Crypto Crash Analysis - The cryptocurrency market experienced a significant downturn, with a combined market value decrease of over $150 billion [1] - Bitcoin and Ether prices fell sharply, with Ether dropping approximately 18% from its summer peak, erasing billions of dollars in value [2][3] - The selloff exposed market fragility, particularly among altcoins, leading to investor concerns about their survival [5] - Forced liquidations, triggered by margin calls, exacerbated the price collapse, with some prices momentarily dropping by 70%-80% [4] - Binance and Coinbase faced criticism for pricing issues during the selloff, requiring them to repair some of the damage caused [9][10] Galaxy Digital & GalaxyOne Platform - Zach Prince, former CEO of BlockFi, joined Galaxy Digital to lead GalaxyOne, a new banking platform [1][11] - GalaxyOne launched with products including an FDIC-insured checking account with a 4% yield and a premium yield product offering 8% on cash for accredited investors [17] - GalaxyOne aims to provide institutional-quality customer service to individual investors, focusing on the intersection of traditional finance and crypto [17][21] - Galaxy has multiple regulated entities and partnerships, such as with Cross River Bank for FDIC insurance on checking accounts [20] Regulatory Landscape & Stablecoin Regulation - The regulatory environment towards crypto is evolving, with regulators showing a willingness to engage and find solutions at both regulatory and legislative levels [27] - A significant regulatory gap exists in enforcing exchange focal points for stablecoins, particularly in ensuring they trade at $1 during times of stress [43][44] - The industry needs to acknowledge and address the risks associated with stablecoins, including the differences between primary and secondary markets [45][46] Securitize & Tokenization - Securitize, an asset tokenization company, is in talks to go public through a SPAC, potentially valuing the company at over $1 billion [28][29] - Going public would provide Securitize with greater flexibility in raising equity and further its goal of turning illiquid assets into tradable tokens [29][30]
IMAX sees opportunity for global growth
Bloomberg Television· 2025-10-15 17:30
Which new IMAX markets have the most growth potential right now. Japan is one of them. Australia has been another significant market.Middle East, Southeast Asia. We continue in certain parts of Europe as well like France and Germany. We have um two theaters in Pakistan.We're opening a theater in Iraq shortly. We have theaters in Lebanon. So, you know, underpenetrated areas in in in the world.Our rest of world market share is about 2%. And so if you can start to uptick that market share a little bit, that's ...
US rescue of Argentina is “unconventional,” Summers says #shorts #argentina #milei #trump
Bloomberg Television· 2025-10-15 17:26
as we've seen now Secretary of Treasury Bessant first create a swap arrangement of $20 billion and then actually intervene in the currency markets uh last week. Uh you actually were there uh during the Mexican peso crisis back in 1994. Uh what can you tell us about when that makes sense and when it does not.I'm somebody who's a strong believer that the United States has to support global financial stability, that when countries face uh crisis involving a sudden loss of liquidity that there needs often to be ...
India's Rupee Is Seeing Correction in Some Sense, Says RBI's Malhotra
Bloomberg Television· 2025-10-15 17:09
In a way, You know, in some sense, you know, it's also a correction. But insofar as volatility is concerned, without going into levels, are we in the Reserve Bank. We do not.You know, as I mentioned earlier, we do not you know, our stated policy is not to target any price level or any price band and let you know the markets actually in India are quite deep, quite wide and we have a very robust and a mature market. So we believe in you know, the markets are to decide, you know, what the level should be. We d ...
If Milei Loses Vote, 'We're Out,' Says Trump
Bloomberg Television· 2025-10-15 16:52
If the president doesn't win, I know the person that he'd be running against. I believe probably we probably have the person. A person is extremely far left and a philosophy that got Argentina into this problem in the first place.So we would not be generous with Argentina if that happened. If he loses, we are not going to be generous with Argentina. So we're going to work very much with the president. We think he's going to win. He should win.And if he does win, we're going to be very helpful. And if he doe ...
US Rescue of Argentina Is 'Unconventional,' Summers Says
Bloomberg Television· 2025-10-15 16:41
Overall, U.S. banks seem to be in pretty good shape. The same, it looks like, cannot be said if President M. J.of Argentina and his peso, as we see now, Secretary of Treasury bessant first create a swap arrangement of $20 billion and then actually intervene in the currency markets. Last week you actually were there during the Mexican peso crisis back in 1994. What can you tell us about when that makes sense and when it does not.I'm somebody who's a strong believer that the United States has to support globa ...
Bloomberg Surveillance 10/15/2025
Bloomberg Television· 2025-10-15 15:43
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. ...