Market Dynamics - US winter wheat markets have experienced a reversal, with Kansas City hard red winter wheat futures trading at a discount to Chicago wheat futures since mid-August [1] - This inversion is driven by supply and quality factors [2] - High hard red winter wheat yields and late-season moisture have lowered protein levels across the hard red winter wheat crop [2] - The abundance of lower quality supply has weighed down the Kansas City hard red winter wheat futures contract price, which requires a minimum 11% protein [3] - Soft red winter wheat maintains a higher value due to its fundamentally lower stocks to use ratio [3] Historical Context - Past inversions include a soft red winter wheat supply crunch from 2019 to late 2021 and the Russian invasion of Ukraine in February 2022 [4] Commodity Pricing - Quality specifications, particularly protein content, can temporarily overpower typical supply-side dynamics in commodity pricing [5]

This isn't really a surprise. I think most people who know have been following Wal-Mart. Furner has been the natural successor to Doug.The the the timing of it, not so much of a surprise. And the fact that it's Furner also not a surprise. He's sort of been.Doug 2.0% waiting in the wings for a while. So in terms of performance, the shares have more than doubled in the past five years. I like to look at them compared to Amazon, which has only done half as well.McMillon has put this company in a good price. Sh ...

If the president says it's time to rip the waste out of our great nations budget, the nickel would be the place to start, wouldn't it. Let's let's go to the beginning now and what this means for the United States as the institutionalist you are to say goodbye to the penny. Are you doing okay.No. I mean, I. This is really a moment that arguably should have happened 20 years ago.That's when we started. That's when the penny started costing more to make than it was worth. And there were jokes on TV shows like ...

There are opportunities. What. What have you been maybe buying in this, you know, recent pullback.You interests that you're in the hyperscale. Look at Oracle, the sell off here. Look at Meta.I mean, these are golden buying opportunities for the next two, three, four years. And that's that's my view where we are in the revolution, that you use these as opportunities. Now, I'd head for the elevators.So I guess the question that I have, Dan, if this is a buying opportunity, what happens if there's another 10% ...

You go out and you buy Bitcoin on an ETF or you buy exchange. You kind of have 1 to 1 Bitcoin, right. You go out and you buy one Bitcoin. You're always going to have one Bitcoin.Our entire ethos is increasing Bitcoin per share. Right now, every day we're mining bitcoin or mining bitcoin at roughly 50% of spot prices of bitcoin, so roughly about $56,000 per bitcoin. That's what we're able to mine and we're able to mine because we have the best facilities anywhere on earth. We've got some of the cheapest ener ...

James, we had Reeves saying in her speech last week or at least hinting that she was going to break the manifesto. Then it seemed she wasn't going to raise income tax in the budget and now we've got these latest developments on forecasts. What's going on. What's the thinking behind all of this.>> Well, do you understand the thinking. There are three constituencies you need to bear in mind. The public, Labour MPs, and the markets.Reeves is trying to keep all of them happy. And so that was why two weeks ago s ...

Mark, is this just a wobble or is this something more significant. I think this is just a wobble, but it's a wobble that I expect to continue for another couple of weeks. We've talked about in the show over the last week or so that the pullback that start at the end of October did not seem like it's exhausted yet.And, you know, really, we've had no real drawdowns over the past six months. We're due a little bit more of a of a clean out. And I expect this to go a bit deeper over the next week or two.We are s ...

Indian Economic Outlook - India could benefit from a potential burst in the "air bubble" due to its limited exposure to hyperscaler stocks and data center capacity stocks [2][3] - Axis Bank's chief economist anticipates a cyclical recovery in the Indian economy driven by the reversal of monetary tightening and the end of hard fiscal tightening [5] - The market expects 12-month forward earnings to rise as the economic recovery comes in [6] - Mishra anticipates more than 7% growth in the Indian economy [9] Financial Services Industry Trends - Fundamentals, such as economic growth, credit build-out, and market structure, are more significant than volatility in driving the financial services industry [11] - Lending in India has grown at a nominal rate of 15% to 15.5% annualized over a 50-year period, but has come down to about 11% in the last ten years [13][14] - Government spending slowed down, impacting the economy, but is now recovering [16][17] - Credit growth in India is currently running at about 10%, with a credit growth to GDP growth ratio of 1:1, lower than the historical average of 1.25% to 1.3% [22] - India has a capital deficit, particularly in long-duration capital, and the government is working to attract long-term capital into the financial services sector [24][26] - The number of banks in India has decreased over the last ten years due to the government's merging of public sector banks, reducing competitive intensity [28][29]

>> LIVE FROM LONDON, THIS IS "BLOOMBERG DAYBREAK: EUROPE." THESE ARE YOUR TOP STORIES. GLOBAL STOCKS TUMBLE ON STRETCHED TECH VALUATIONS AS DOUBTS GROW OVER A FED RATE CUT NEXT MONTH. CHINA ADDS TO THE GLOOM WITH A BEVY OF WEAK ECONOMIC DATA.TARIFFS RETHINK. THE U.S. SET TO CUT TARIFFS ON LEVEES AS THE PRESIDENT SEEKS TO ADDRESS THE RISING COST OF LIVING FOLLOWING LAST WEEK'S ELECTION WINS FOR THE DEMOCRATS. PLUS, THE POUND FLIGHTS FOLLOWING REPORTS THAT THE U.K. CHANCELLOR IS EXPECTING MAJOR U-TURNS ON PLA ...

(Subtitles may contain inaccuracies) We have none other than the Chair and CEO Jane Fraser. Thanks so much for having us. Well, we're delighted to have Bloomberg here.Thank you very much for joining our conference. So what do you hope to get out of this in talking to all your guests and your clients and to understand a little bit more about the China market, which you know very well. But we're coming out of a bruising trade war.We're not even out of it yet. Right. Some say it's a truce, not necessarily a la ...