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BLS Scraps October Jobs Report on Lack of Household Data
Bloomberg Television· 2025-11-19 18:06
How much of a surprise is this. We knew that there was going to be parts of the report that were missing. But to just wholesale cancel the October jobs report, it is a little bit of a surprise, especially because businesses are able to keep their records, how many folks were on their payrolls.And so when you ask businesses how many people were on your payrolls for the week that included the 12th of the month, they should have paystubs, they should have our records. It should be relatively easy to retrieve t ...
Nokia CEO Is Banking on a Boom in AI
Bloomberg Television· 2025-11-19 16:12
THAT WE CAN DEPLOY AI COMPUTING SERVICES ON TOP OF. IT WILL BE COMPLETELY REVOLUTIONARY. JONATHAN: NOKIA ANNOUNCING A NEW PLANE TO STREAMLINE ITS BUSINESS WITH A FOCUS ON AI.THE CEO JUSTIN HOTARD SANK NOKIA CHANGED THE WORLD BY CONNECTING PEOPLE AND WILL BEGIN BY CONNECTING INTELLIGENCE. JUSTIN HOTARD JOINS US FOR MORE. JUSTIN: GREAT TO SEE YOU.JONATHAN: OUR GENERATION KNOWS YOUR COMPANY WELL. HANDSETS. WHAT DO YOU WANT IT TO BE IN THE NEXT FEW YEARS.JUSTIN: I WANTED TO BE A COMPANY THAT IS KNOWN FOR CONNEC ...
Nvidia Earnings to Give Markets a View of Billions Spent on AI
Bloomberg Television· 2025-11-19 15:34
Just walk us through what we expect in terms of the reporting quarter and in terms of the outlook. Yeah. So in terms of the quarter, they're reporting that Q3, the market's looking for revenues of about $55 billion.So that will be up about 57% year on year and EPS of about $1.25%, $1.26%. I think more importantly, looking to that Q4, the outlet that will give the markets looking for them to kind of guide to around $62 billion. So that would be on revenue. That would be up about 58% year on year.So kind of k ...
Trump Says He Will Formally Designate Saudi Arabia As A Major Non-NATO Ally
Bloomberg Television· 2025-11-19 15:33
In terms of safety. Saudi Arabia has never been as safe as it is right now. You always had a little cloud over your head and sometimes that cloud was very big.That cloud is not there anymore and we want to keep it that way. So that's why tonight, I'm pleased to announce that we're taking our military cooperation to even greater heights by formally designating Saudi Arabia as a major non-NATO ally, which is something that is very important to them. And I'm just telling you now for the first time, because the ...
What Trump’s America First Policies Mean For Asia
Bloomberg Television· 2025-11-19 15:33
Make America great again. >> Donald Trump's attempt to make [music] America great again could cost it its influence here in Asia, the world's fastest growing region. Bloomberg Economics says Asia is set to comprise almost 60% of the global economy by 2050.[music] That's compared to just 11% for the US when measured in so-called purchasing power parity terms. And faced with Trump's belligerent tariffs, Asian nations are finding ways to work together to get around his America first policies. Longtime rivals l ...
Trump Hosts MBS, CEOs and Ronaldo at White House Dinner
Bloomberg Television· 2025-11-19 15:32
So, thank you, Mr. . President. Thank you.>> [music] >> What the In terms of safety, Saudi Arabia has never been as safe as it is right now. You always had a little cloud over your head and sometimes that cloud was very big. That cloud is not there anymore.And we want to keep it that way. So that's why tonight I'm pleased to announce that we are taking our military cooperation to even greater heights by formally designating Saudi Arabia as a major nonNATO ally which is something that is uh very important to ...
US Trade Deficit Shrank in August on Decline in Imports
Bloomberg Television· 2025-11-19 15:32
Trade & GDP - The trade deficit decreased to $596 billion in September, compared to an estimate of $608 billion and $783 billion in July [1] - This trade data is crucial for analysts in finalizing the third quarter GDP report [2] - The third quarter GDP report will be released next week [2] International Trade - Imports from Canada in September reached their lowest level since May 2021 [3] Employment & Labor Market - The September jobs report and jobless claims data from last week will be released tomorrow [3] - The Department of Labor will release the missing data between the start of the shutdown and tomorrow's numbers online tomorrow afternoon [4] Economic Indicators & Data Release Schedule - Real earnings data will be released on Friday [5] - The September pie data will be released next Tuesday [5] - The second version of the third quarter GDP number, along with income and spending for October, will be released next Wednesday [5] - November income and spending data will be released on December 19th [6] - The status of October's jobs, CPI, and pie data remains unknown [6] - The release dates for November's jobs, CPI, and PBI data are still pending [6] - The status of October and November retail sales is still pending [6]
US-China Rivalry Will Continue, Says Singapore PM
Bloomberg Television· 2025-11-19 15:09
First of all, going back to the meeting between the two leaders - President Xi and President Trump - it was a good meeting. And while it may be a temporary truce, temporary stabilization in the relationship, it's much needed. And it will provide guardrails for the two powers to, you know, engage one another.It will open up channels of communication. The intense competition and rivalry will continue, I'm sure. The mutual suspicion and distrust remains, but the guardrails will ensure that the rivalry does not ...
Tariffs Once On Are Hard to Take Off, Says Raimondo
Bloomberg Television· 2025-11-19 15:08
The one thing I think we can all count on is there will be tariffs, right. I think I think I know from experience from working for President Biden. Tariffs, once they are put on, are hard to take off.You know, President Biden did not take the tariffs from Trump 1.0%, didn't lower them. I argued with him that he ought to. But it's very difficult.And do you think it's going to be difficult for future administrations to unwind some of this. I really do. You know, now I have a specific viewpoint of this because ...
Target Trims Profit Forecast, TJ Maxx Sees Sales Surge
Bloomberg Television· 2025-11-19 14:52
This morning, though, we get results from Target. Target and target narratives, profit forecasts, as we were talking about discounts and slowing demand weighing on earnings. Bloomberg retail reporter Emily Cohen joins us now.So what are we learning about the consumer that we're already a little bit worried about, Emily. Yeah, I mean, Target is seeing a consumer that is shopping. It's spending, not leaning into the the discretionary things that target is known for.The the retailer trimmed its forecast again ...