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Bessent Says China Tariff Truce Could Be Extended
Bloomberg Television· 2025-10-15 14:48
Geopolitical & Economic Strategy - The US aims to assist China, not harm it, but will respond to economic coercion, viewing the situation as "China versus the world" [1] - China's export controls are deemed unacceptable globally, with the US and its allies resisting being commanded or controlled by China's state economy [2] - The US perceives a risk in depending on China for rare earths and other resources, highlighted by China's actions and its relationship with Russia [5] Trade & Supply Chain Concerns - There are concerns about the reliability of China in the global supply chain, citing potential untrustworthiness [4] - Auto companies reported a slowdown in markets, potentially linked to actions by China [3] - The US is considering a longer-term tariff roll in exchange for a delay, subject to negotiations before a leaders' meeting in Korea [5][6] International Cooperation - The US emphasizes the need for allies to work together, particularly in light of China's actions [4] - Meetings are planned during the World Bank IMF week to address these issues [5]
#Trump says #Hamas will be disarmed #israel #politics #shorts
Bloomberg Television· 2025-10-15 14:23
And if they don't disarm, we will disarm them and it'll happen quickly and perhaps violently. >> But they will disarm. Do you understand me.>> On Gaza, how long will it take Hamas to disarm. And can you guarantee that is going to happen. >> Well, they're going to disarm. Uh, and because they said they were going to disarm, and if they don't disarm, we will disarm them.>> How you do that. >> I don't have to explain that to you, but if they don't disarm, we will disarm them. They know I'm not playing games.Th ...
Trump welcomes Argentina's Milei to White House #politics #shorts
Bloomberg Television· 2025-10-15 14:22
President Trump, sir, is Hamas holding up their end of the deal, sir. Find out. your message to the people of Argentina, please.We love them. Be there for them and have a great leader. Very great leader.Thank you. ...
Trump Says ‘We’re Gone’ If Milei Doesn’t Prevail in Midterms
Bloomberg Television· 2025-10-15 14:22
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. We think he's going to win.He should win. And if he does win, we're going to be very helpful. If he doesn't win, we're not going to waste our time because you ...
Morgan Stanley, Bank of America Beat Estimates as Trading Activity Surges
Bloomberg Television· 2025-10-15 13:46
Financial Performance - Morgan Stanley's trading revenue significantly beat estimates, exceeding $4 billion in the quarter, approximately $400 million ahead of Goldman Sachs [2] - Morgan Stanley's investment banking fees increased by 44% [4] - Morgan Stanley's wealth management business saw significantly higher revenue [4] - Morgan Stanley pulled in roughly $80 billion in net new assets [5] - Morgan Stanley's pre-tax margin is up to roughly 30% [5] - Bank of America's net interest income beat expectations [6] Competitive Landscape - Morgan Stanley overcame Goldman Sachs, its biggest rival, in trading revenue [2] - Goldman Sachs had been the dominant player in the trading business for the last two to three years [2] - Citigroup had been ahead of Bank of America in investment banking for much of the year, but Bank of America posted a significantly ahead number in the third quarter [8] Strategic Focus - Morgan Stanley aims to achieve roughly $1 trillion in net new assets every three years [5] - Improving net interest income will be a tailwind for Bank of America as lower-yielding securities are replaced with higher-yielding ones [7]
Trump’s Tariff Shift and the End of Duty-Free Imports
Bloomberg Television· 2025-10-15 12:44
This is a story about painting with a very broad brush. In late July of this year, President Trump declared an end to a tariff exemption for small shipments. It may have been meant to hit some large Chinese companies, but it's also hitting small businesses on the other side of the world.The minimum is it's very it's a big deal. It's a big scam going on against our country, against really small businesses, and we've ended we put an end to it. 3,000 miles away from Washington across the Atlantic, Harriet Dwin ...
Why Does Sen. Warren Disagree With Argentina Bailout Plan?
Bloomberg Television· 2025-10-15 12:38
International Trade & Politics - The senator is attempting to block what is described as a bailout for Argentina, with the President supporting it as "helping a great philosophy take over a great country" [1] - The senator criticizes the President for sending $20 billion (USD) of American taxpayer money to Argentina, especially after Argentina's deal with China that harms American soybean farmers [2] - The senator highlights that Argentina's actions hurt American farmers, yet the President is providing $20 billion (USD) to Argentina, potentially with a blank check for more [3] - The senator is seeking a vote in the Senate to block the funding to Argentina, arguing that the Senate should support American farmers and families instead [5] - The senator points out that American farmers, particularly soybean farmers, have been negatively impacted by tariffs and trade deals, including Argentina's deal with China [7][8] Domestic Policy & Healthcare - Democrats are requesting a rollback of cuts that could remove healthcare coverage for 15 million Americans and increase insurance costs for tens of millions more [10] - The senator accuses Republicans of refusing to negotiate on healthcare issues, while the House is on vacation [11] - The senator claims that the President and Republicans are damaging the healthcare system, and Democrats are trying to restore coverage to previous levels [12] Local Issues & Federal Intervention - The senator defends Boston's mayor, Michelle Wu, highlighting her achievements and criticizing the President's attacks on her [14][15][16][17] - The senator asserts that Boston has the lowest crime rate among major American cities and that local and state police are effectively managing the situation, opposing the need for National Guard troops [15][20] - The senator suggests that the President's actions in cities like California, Illinois, and Portland are illegal and aimed at suppressing dissent [21][22]
Pop-Tarts Get a Jolt of Protein
Bloomberg Television· 2025-10-15 12:38
Pop tarts protein. Why. Oh, why.Why do we need this. I don't think that Kilonova thinks anyone is going to consider this healthier than an apple or a bowl of oatmeal. This is about people choosing between options and going for the choice that has a little bit of something extra, a little bit of a nutritional boost.And what people are looking for these days increasingly is protein. So what is this supposed to compete with. Like protein bars that you're supposed to, you know, eat this right after you go to th ...
Copper Prices Exposed to AI Downturn Risk: Trafigura
Bloomberg Television· 2025-10-15 09:41
Let's talk about the AI story. There's a headline coming through from the ASML, I think is the CFO saying the company's got all the materials it needs for the coming months. have the material beyond that because of potentially the tension between Europe, the United States and China.Does that have the potential to blow up the AI bubble. How nervous are you about what is happening in AI at the moment. No, I think that that's a really good point.As in these materials. I mean, this is part of the whole rare ear ...
People are doing really dumb things with their money, Chafkin says #stockmarket
Bloomberg Television· 2025-10-15 09:00
I like remember when Wealthfront, which was like one of the early fintech companies, like wouldn't let you buy stocks, right. You they would only let you buy these like broad-based index funds because they were like, "This is, you know, you should not be buying stocks." That's that that is like even like Erade, I think, was that the first time you could just go in without a broker and just buy a stock. the idea of just like throwing that all out the window and being like, not only should is it is it totally ...