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Democrat Grijalva Sworn In, Setting Up Vote on Epstein Files
Bloomberg Television· 2025-11-12 23:19
that you will bear true faith and allegiance to the same, that you take this obligation freely without any mental reservation or purpose of evasion, and that you will well and faithfully discharge the duties of the office on which you are about to enter. So help you God. >> I do.>> Congratulations. You're now a member of the United Congress. ...
Epstein emails prove nothing and show Trump did nothing wrong, Says White House's Leavitt
Bloomberg Television· 2025-11-12 23:18
These emails prove absolutely nothing other than the fact that President Trump did nothing wrong. And what President Trump has always said is that he was from Palm Beach and so was Jeffrey Epstein. Jeffrey Epstein was a member at Mara Lago until President Trump kicked him out because Jeffrey Epstein was a pedophile and he was a creep.This administration has done more than any. And it just shows how this is truly a manufactured hoax by the Democrat party for now they're talking about it all of a sudden becau ...
Epstein emails suggest Trump knew of his activities #shorts
Bloomberg Television· 2025-11-12 23:16
House Democrats released newly obtained emails from Jeffrey Epstein alleging that President Trump quote spent hours at his home with one of Epstein's victims and quote knew about the girls. The messages sent years after Epstein's 2008 conviction were written to Gileain Maxwell and author Michael Wolf. Democrats say the emails raise new questions about Trump's ties to Epste and accuse the White House of withholding the related files.The president denies all wrongdoing, calling the claims a political hoax. No ...
Pressure Will Stay On Oil Prices, Chevron CEO Says
Bloomberg Television· 2025-11-12 22:53
Strategic Direction & Growth - Chevron is bigger, stronger, and better than ever, with growing free cash flow and earnings over the next five years [2] - Free cash flow is growing at greater than 10% compound annual growth rate, driven by the core business and supplemented by new opportunities [2] - The company plans to be operational with its data center power project by 2027 [4] - Exploration spending is set to increase by approximately 50% [11] Data Center Power Project - Chevron is entering the power business to support the coming boom in AI and the need for more power to support data center buildout [3] - The power project will be disconnected from the grid and serve only a dedicated customer for AI [3] - The company has 5 gigawatts of power generation to support facilities in remote locations without grid access [6] - The data centers will be located close to the gas supply and fiber infrastructure in West Texas [8][10] Market Dynamics & Supply - Demand for energy will only grow into the future, with oil and gas demand growing to 2050 based on current policies [15] - Oil prices in 2026 are likely to feel more pressure than LNG prices due to supply coming back from OPEC plus countries [19][20] - LNG spot prices are expected to be pressured due to high supply from new projects in the Middle East and the United States [19][20]
House Democrats Release 20,000 Pages of Epstein Estate Documents
Bloomberg Television· 2025-11-12 22:31
I expect that elderly to grow up will sign today. That gives us 218 and early December. We will have a vote.But look, the Epstein class in American politics need to go. These are rich and powerful people who either covered up for Jeffrey Epstein or who themselves abused young girls. And the American people are tired of it. They're tired of one set of rules for rich people who have friends, who are politicians and another set of rules for ordinary Americans.So I believe the House will pass this and it's goin ...
Dow Hits Record High as House Prepares Shutdown-Ending Vote | Closing Bell
Bloomberg Television· 2025-11-12 22:28
And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greipel taking you through to that closing bell with a global simulcast. We're joined now by Carol Massar, Tim Stenovec in the radio booth.Welcome to our audiences across all of our bloomberg platforms. Carol Massar This is the second day in a row we've seen massive outperformance by the Dow Jones Industrial Averages. This will be the most we ever talk about the Dow Jones Industrial Average in days.Well, yes ...
Schumer Won't Be Senate Minority Leader Much Longer Says Opinion Contributor Mukunda
Bloomberg Television· 2025-11-12 22:12
Political Analysis of Government Shutdown - The Democratic leadership responded to their base's anger towards the Trump administration by engaging in a fight, exemplified by the longest government shutdown in history [1] - The shutdown caused significant disruption in government services, impacting ordinary people [2] - Democrats manipulated the politics of the shutdown, while Republicans played the game on a board where defeat was inevitable [4] - Policy-wise, the Democrats seemingly caved, but politically, it was a zero-sum game where Republicans structured the situation to their disadvantage [5][6] - Republicans faced political damage as people experienced astronomical increases in Obamacare premiums, disproportionately concentrated in red states [7] Trump Administration's Actions and Optics - The Trump administration's rhetoric and actions regarding SNAP funding for 42 million Americans appeared "mustache twirlingly evil," leading to court challenges and negative optics [9][10] - Despite potential negative impacts, the hardcore MAGA voter base remains strongly supportive of President Trump [11] - Many people who depend on government support do not believe they do, highlighting a disconnect in understanding [12][13] - Elections are not won by the MAGA base alone; independent voters are crucial, and the shutdown likely looked bad to them [14] Future Political Landscape - The narrative will likely focus on the fact that 40-day shutdowns only happen under Trump [15] - The continuing resolution extends only through mid-January, suggesting the possibility of another shutdown [16] - The Trump administration chose to maximize the inconvenience of the shutdown, indicating a different political strategy [18]
'K-Shaped' US Economy Propped up by 'Three A-Pillars' | Bloomberg Businessweek Daily 11/12/2025
Bloomberg Television· 2025-11-12 21:31
Market Trends & Economic Outlook - The Dow Jones Industrial Average reached a record high, driven by United Health Care and Nike [5] - Treasury yields are slightly lower, with the 10-year yield at 406% and the 2-year at 350% [6] - Gold is rallying, up about 2% at $4,208 per ounce, while oil is slipping, with WTI crude down more than 4% and Brent crude off nearly 4% due to oversupply concerns [6] - The U S economy is described as "just okay" and "squishy," with recession considered remote [10] - Consumer spending is concentrated in the top quintiles of earners, and businesses are in "pause mode" regarding hiring [14] - The economy is increasingly dependent on affluent consumers, artificial intelligence field investment, and asset price gains [15] - Deregulation is anticipated, particularly in financial services [18] Company Performance & Strategy - Vista Energy aims to reach $28 billion in 2028, producing 180,000 barrels of oil per day [37] - Vista Energy exports around 60% of its production today, aiming for 75% in 2028 [43] - Cava experienced a slight step down in spend in the District, Maryland, and Virginia markets due to the government shutdown [55] - Cava intends to continue increasing restaurant openings with at least 16% growth in restaurants in 2026, opening at least 68 to 70 restaurants in 2025 [63] - Inspire Medical Systems sees GLP-1 drugs as an opportunity, as weight loss can make some patients eligible for their device [94] - Inspire Medical Systems is covered by all insurance companies, with over 300 million covered lives in the United States [111] Industry Specifics - OPEC says global oil supply will match demand next year, shifting from earlier projections of a supply deficit [7] - Argentina's shale industry could benefit from deregulation and access to capital markets [38][39] - Tariffs had about a 20 basis point impact on Cava's food, beverage, and packaging costs in the quarter, expected to continue into 2026 [70] - Delta Airlines expects a return to normal during the Thanksgiving holiday after mandated flight cuts [116]
Kevin Hassett says he would accept Fed chair job #shorts #politics #jeromepowell #fed #fedchair
Bloomberg Television· 2025-11-12 21:20
Obviously, uh you are one of five people that the secretary of treasury has on a short list to be the next chairman of the Fed. Um why would you want to be chairman of the Fed right now. You get to work with the president every day and he's not criticizing you at all.Uh no, um are you sure you want that job. And for me, I think that being director of the National Economic Council is my dream job. And if the president asks me to be Fed chair, then I'll of course I'll do it.Uh, but if I've not fed here, don't ...
IAEA changes its outlook for #oil #energy #shorts
Bloomberg Television· 2025-11-12 21:07
Demand Forecast - IEA revises its oil demand forecast, projecting a 13% increase by 2050 instead of a plateau [1] - Global oil demand is expected to rise from 100 million barrels per day to 113 million barrels per day by 2050 [2] - Oil prices are projected to hover near $90 per barrel by 2035 [2] Market Implications - The report suggests that fossil fuels still have significant potential [2] - The revised demand scenario indicates a more challenging path to net zero emissions by mid-century [2] - The report serves as a reminder that oil remains relevant in the transition to net zero [3]