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Fed Has No Choice But to Keep Rates on Hold, Slok Says
Bloomberg Television· 2025-11-20 22:05
Is there real progress in this economy right now. I know we can look at these numbers and find some modicum of stability, but is a real progress, real growth. Well, this is also a very important question remain, because if we think about what was the reason why we had a slowdown over the summer, it was likely because of the turmoil that came after Liberation Day.But Immigration Day is now eight, nine months ago, and things are gradually getting better on the trade for at least us. More clarity. And we've, o ...
Fire Breaks Out at COP30 Climate Summit Venue in Brazil
Bloomberg Television· 2025-11-20 21:33
Event Summary - A fire disrupted the United Nations climate summit in Belém, Brazil [1] - The incident led to the evacuation of thousands of delegates [1] Negotiation Status - The fire occurred during the final days of negotiations [1]
Stocks Slide as Tech Shares Reverse After Earnings | Closing Bell
Bloomberg Television· 2025-11-20 21:32
And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with the global simulcast. Carol Massar, Tim Stenovec joining us from the radio booth as we bring together our audiences across all of our Bloomberg platforms, including our partnership with YouTube here, and what's shaping up to be the widest trading session for the S&P and the Nasdaq since those Liberation Day moments that we had back in April.A big downdra ...
Muni Moment: United Airlines Shelves Two Bond Offerings
Bloomberg Television· 2025-11-20 21:21
What do we learn about what's happening here. Why is the United pulling these issues. Yeah.So first of all, thank you so much for having me. And yeah, this week we saw that United was coming to the municipal bond market with an around $522 million deal. So the debt was issued by Houston.But on behalf of United Airlines and those bonds, we're going to fund a variety of different projects at the airport, as well as a refinancing. And so the debt was supposed to price on Tuesday. And we heard on Wednesday that ...
Nvidia CEO says there's no diversion of chips overseas #tech
Bloomberg Television· 2025-11-20 20:37
Jensen, during the call, the US Commerce Department issued a statement saying that uh you are now permitted to export up to 35,000 Blackwell chips each to both Saudis Humane and to the UAE through G42. But there are some requirements that the US has of you um in particular around controls of uh preventing tech transfer to China through the Middle East. What can you tell us about your understanding of what the US government's asking of you there.>> Uh that that um uh that that that element uh is has been aro ...
Trump thanks Saudi's Crown Prince MBS for investing in America #politics
Bloomberg Television· 2025-11-20 20:27
It was great to be with you last night. I think it was something to behold. We officially designated the kingdom yesterday as the major nonNATO ally.That's a big deal. That happens seldom, very seldom, uh, if at all. So, I just want to congratulate you on that.That's a sign of trust. We signed a historic strategic defense agreement yesterday also and that's uh something that is likewise very rare. This week our countries also signed groundbreaking agreements on civil nuclear energy, critical minerals and ar ...
Trump Quips He’ll Fire Bessent If Interest Rates Not Lowered
Bloomberg Television· 2025-11-20 20:02
The only thing Scott's blowing it on is the Fed because the Fed, the rates are too high, Scott. And if you don't get it fixed fast, I'm going to fire your ass. Okay.Mortgage rates are down despite the Fed. I mean, Scott, you got to work on this guy. He's got some real mental problems.No, there's something wrong with him. It's just sweet. I I be honest, I'd love to fire his ass.He should be fine. Guy's grossly incompetent. And he should be sued for spending $4 billion to build a little building.I'm building ...
How AI is transforming Standard Chartered
Bloomberg Television· 2025-11-20 20:00
AI has the ability to fundamentally allow us to invest more in the areas that grow the fastest while automating and changing the way that we do other things. It's a substitution effect and it's not just a substitution effect in terms of people because don't think of it that way. Think of it as an enhancer of productivity.>> I think the the set of tools around AI will be amongst the most powerful in in my working life. It's already changing uh the way that we monitor large volumes of transactions to to help ...
Is there an AI bubble? Nvidia's earnings tamp down concerns #tech
Bloomberg Television· 2025-11-20 19:54
I'm curious what you say to people who look at valuations of these companies, including Nvidia, and worry that we're in danger of finding ourselves in in a bubble. What's your response to them. >> My response is, I asked the CEOs, and here's their answer.That the balance sheets now are different to what they were in the com bubble that they see actually useful software being sold generating actual revenues. And one CEO told me the other day, namerop, it was Chuck Robbins of Cisco. This is existential for ma ...
Biden, Bush, Harris and More Attend Dick Cheney Funeral
Bloomberg Television· 2025-11-20 19:44
Former Vice President Dick Cheney’s funeral service was held Thursday at the Washington National Cathedral. The consequential and polarizing former vice president under Republican George W. Bush will be added to a bipartisan yet small group of prominent leaders commemorated there. ...