Governor Martin, good morning. Good morning once again. Thanks for being here. Thanks for having me back.We've got to start with the labor market. Your reflections on what we saw yesterday. Does it lean one way or the other.Yeah, I mean, I think the implications of yesterday were obviously dovish. And if anyone was on the fence, I would hope that this would move them in the direction of cutting. I mean, you saw the unemployment rate edged up a bit.You know, you saw some other indicators like an increase in ...

And yet on the committee, we have pushback almost. Maybe after that, Fed Governor Michael Barr had this to say. I'm concerned that we're seeing inflation still around 3%.Inflation is closer to three, that it is to two. What do you make of that argument. How persuasive is it.It's not persuasive to me, and I'll tell you why. All of the inflation excess, almost all of the inflation excess is a mirage. It's not indicative of supply demand imbalances.And so, for example, if you look at the housing market, right, ...

I don't even know where to start here. This is pay per view, right. You guys like you put taking the phone off the hook for this because this could go a couple of different ways.This could be a zelensky's style ambush. Maybe he shows up with gifts. Lester, how's this going to work.Well, we heard they were going to have a UFC event in the White House. This is maybe this is it. It.On the other hand, it could be a love in. I think the fact that we don't know may be the point. The the current president is prett ...

VONNIE: IT IS 5:00 A. M. IN NEW YORK CITY.I AM VONNIE QUINN WITH YOUR "BLOOMBERG BRIEF." GLOBAL STOCKS HEADED FOR THEIR WORST WEEK SINCE APRIL. FED FRACTURES DEEPEN. GOVERNOR MICHAEL BARR JOINING THE CHORUS TO SIGNAL INFLATION CONCERNS.MORE FED SPEAK, PLUS PMI AND THE MICHIGAN CONSUMER INDEX DATA. PEACE POTENTIALLY, AT A COST. UKRAINIAN PRESIDENT ZELENSKIY AGREEING TO WORK ON A PEACE PLAN THAT WOULD GRANT KEY DEMANDS TO MOSCOW.WE ALL KNOW WHAT HAPPENED YESTERDAY. A MASSIVE REVERSAL. WE FIRST SAW THE LIFT TO ...

Market Trends & Global Economy - Global equities experienced a selloff, influenced by concerns over AI, Federal Reserve rate cut uncertainties, and fiscal packages [1][49] - The MSCI All Country World Index fell almost 3% this week, marking its sharpest weekly drop since April [3] - Procyclical risk assets saw sharp declines [4] - The US dollar is benefiting as a safe haven amid risk-off sentiment [5] - G20 summit marred by diplomatic dispute between South Africa and the U S over participation [1][26][49] - US accounts for only 13% of global trade [33] Asia-Pacific Market Analysis - Asian equities, particularly Chinese equities, could benefit from domestic stimulus [20][21] - A miserable day to end the week in Asia, with another day of declines [7] - Tech-heavy indexes in Asia are taking a beating, down about 35% [8] - Japan's CPI numbers came out at 3%, higher than the BOJ's target of 2%, putting more pressure on the BOJ to hike rates [9][54] - Japan's stimulus package is 27% higher than the predecessor [9] Company Performance & Valuations - S&P valuations are at approximately 216%, pulling back from recent highs of around 23% [6] - SoftBank is down by 105% [8] - Investec's interim profit declined for the first time since 2021 due to a slowdown in its African unit [48][55][56] Cryptocurrency Market - Crypto markets have extended their crash, with Bitcoin trading around $86000 [74] - More than $1 trillion worth of value has been wiped out across the digital asset world [74] - Institutional investors are continuing to accumulate Bitcoin, while retail investors are selling [75][76]

We keep dipping below $82,000. It's obviously been a rocky ride for Bitcoin. What's behind it.At least last time we knew there were some scandals that rocked the world. What's rocking it this time. This time, what we're hearing that it is mostly kind of a risk off attitude from institutional and retail investors when things start to get rocky elsewhere. If you look at stocks or particularly in AI this week in big tech stocks, Bitcoin is one of those first things that kind of acts as a bellwether to go becau ...

Talk me through what your view of the price. Actually, just over the last 24 hours, it's been worth kind of one of the history books. Yeah.I mean, certainly I think it all comes from a place of unease. It comes from the fact that you've got very high valuations. Yesterday, obviously, we got the labour market report for September.Now that I don't think was particularly concerning, Yes, unemployment rate ticked up, but it was because of a rising participation rate and that seems like it's unlikely to repeat. ...

We have received a notice from the United States, a notice which we are still in discussions with them over. About. A change of mind about participating in one shape, form or other in the summit.So the discussions are still ongoing. I saw the South African president running his mouth a little bit against the United States and the president of the United States earlier today. And that language is not appreciated by the president or his team.The ambassador or the representative of the embassy in South Africa ...

So a very diplomatic reaction from from the Ukrainian president only to these to these proposals that look challenging, to say the least, for Ukraine. Yeah, I think I think challenging would be a sort of modest way of proposing and suggesting what we've seen from the US administration and what they've brokered with the Russians. And we should say though that this is sort of zelenskiy's approach ever since that catastrophic meeting in the Oval Office back in February when Trump says Jump, we low, Zelensky sa ...

Navigating a fragmented world can be tough, especially for small countries like Singapore that rely on trade. That's something we understand at Bloomberg and why we've [music] brought the new economy forum here. For more than half a century, Singapore thrived on the frictionless flow of goods, talent, and trust.But those currents are reversing. President Trump has destabilized the global economy with new tariff barriers. Meanwhile, the US China rivalry is intensifying [music] and testing alliances.So, where ...