I'm here with the man of the moment, CEO Ed Bastian, CEO of Delta on the 100th centennial celebration here at the New York Stock Exchange. It's also a wonderful day, not just because of that, Ed, and welcome. It's also there seems to be a light at the end of the tunnel.How relieved are you about what's going on in Washington, D. C. Or more importantly, I'm I'm glad we got to our 100th centennial and so proud of our people.First U.S. airline to reach 100 years of age. But, yeah, we're hoping that the boat co ...

President Donald Trump is hosting Wall Street's top leaders for dinner at the White House. Sources tell Alexandra Bloomberg that JPMorgan's Jamie Dimon and Goldman's David Solomon are expected to attend. Bloomberg's Jack Fitzpatrick is tracking the story. Jack, what's the objective of tonight's dinner.So there's no listed objective, but there's a broader context to consider here that the president hinted at in those remarks. This is a president who put a huge amount of political capital into getting his sig ...

So you will be always remembered for among other things the decision you wrote to legalize uh gay marriage. >> For me the important and perhaps deciding factor was the children. We were amazed to find that at first it looked like 75,000 children were adopted by gay parents and then it turned out they were in the hundreds of thousands.And these children uh were in states that did not allow gay marriage. If the child was sick, only the adopting parent, not the not the spouse, could come to see the child in th ...

Some breaking news this hour. ANTHROPIC has announced plans to spend $50 billion on data centers in the US. Let's get the details with Bloomberg Tech co-host Ed Ludlow.And just looking at this headline, I'm kind of like they didn't already promise that it feels like every tech company has some huge number that they're going to be spending on data centers. What's anthropic committing to. Yeah, $50 billion in partnership with a British company called Fluid Stack where they are owning and building and operatin ...

Breaking news this time on the Fed. Atlanta Fed President Raphael Bostik is planning to retire from the US Central Bank when his term ends on February 28th. Let's go now to Bloomberg's international economics and cor and policy correspondent um Michael McKe.So Mike uh what do we know about, you know, what this does in terms of leaving openings for uh President Trump to to put in place. It really doesn't affect President Trump at all because the Atlanta Fed board of directors made up of business leaders and ...

The beauty business used to be just about the stuff you put on your face or in your hair. Today, it's everywhere. A $450 billion juggernaut that involves celebrities, cutting edge science, gadget companies, and pretty much every retailer on the planet.In the December issue of Bloomberg Business Week, we chronicle the contours of this changing industry. Vacuum maker Dyson is now a giant in hair care with iconic products like air wrap and air straight. A company called OneSkin is marrying Silicon Valley's lon ...

China's economy is facing a new threat. While most of the world battles inflation, China is grappling with consumer prices that are just too low. And it could be worse than the official numbers tell us.China's official consumer inflation data offers limited detail, and it's not entirely clear how it's tracked. Bloomberg tracked 67 everyday items and found that prices are falling in 51 of them. And the pain of spreading.A brutal price war is breaking out across China's entire economy. If one company starts c ...

Monetary Policy & Economic Outlook - Bank of Korea believes monetary policy alone cannot control the housing crisis, but is mindful that ample liquidity wouldn't slow the fire [1] - Rate cuts are still on the table due to GDP performing higher than expected and resilient trade [3] - The forecast for this year's growth is 4.9%, well below potential GDP, and 1.6% for next year [4] - The official position is to maintain the easing monetary cycle given the negative output gap, but the magnitude and timing depend on new data [5] - Korea's potential GDP growth rate is probably between 1.8% and 2% due to rapid aging [6] Bond Market & Yields - Bond market yields are reacting not only to domestic factors but also global factors such as the possibility of the US Fed decision and the dollar's movements [7][8] - There is concern that surging yields will affect the monetary transmission mechanism [9] - The Bank of Korea has cut interest rates by 300 basis points since last October and anticipates an easing cycle [9] Trade & Investment - The trade deal between the US and Korea is considered a good development that helps reduce uncertainties regarding tariffs [11] - Implementing the trade deal requires parliamentary approval and enactment of new laws [12] - A commercially viable and win-win program for both the US and Korea is desired, potentially through joint ventures combining US science strengths with Korean application and manufacturing technology [13] - One key focus has been the $350 billion investment fund in the U S [13] Currency & Financial Stability - The Korean market is excessively sensitive to uncertainties affecting the exchange rate, including US stock prices, US economic shutdowns, US Fed policy, and US-China trade relationships [14][15][16] - Depreciation in the Korean Won is hard to judge due to numerous fundamentals [16] - The current level of the Korean Won exchange is mostly dominated by domestic investment abroad, and foreign currency debt level is stable, suggesting no immediate financial stability concerns [18] - The Bank of Korea is willing to intervene if there is excessive movement in the exchange rate [19] Stock Market - Korean stock prices, particularly in the semiconductor industry, are influenced by US technology stock prices, leading to potential volatility [21] - There are concerns about the potential unraveling of high-tech stock prices, especially for domestic retail investors [22] - The price-to-book ratio (PBR) is 1.1%, which is considered below other countries' levels, suggesting the stock market is not significantly overvalued [20]

Have we got a labor market problem. I do, I do. And by the way, I don't think it's a cyclical phenomenon.I think there is, or at least I think we have a productivity revolution that is pretty extraordinary and people point to is an exclusive driver of that. If you look across what companies are doing, including second quarter earnings, their quarter earnings give you a dynamic around around how you think about logistics, freight management, predictive maintenance, customer procurement. Companies are doing m ...

This is not a bet in which you, Jim Chanos, are anti Bitcoin. You're kind of agnostic on where the price goes. You just don't believe that the stock should be trading at this hefty premium to the value of its Bitcoin simply because because strategy owns bitcoin and is raising money to buy more BigQuery.Where are we at here. So you're exactly right. I mean, we're agnostic on bitcoin.I have no idea where Bitcoin is going or what it's worth, but we own bitcoin against the MicroStrategy short. This was an arbit ...