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 ...

The dollar is down about 11% or so against the euro and some other currencies as well. Shishir Yeah, this year I mean the last 15 years it's up monstrously, right. But did you worry that it's gone down or you think it was overvalued and, and as a result of it having gone down, you think the chance of a Plaza Accord, an orchestrated effort to take it down even further is unlikely.And you think the dollar decline now is okay. It's adjusted appropriately. I think you have to start, David, with a with a point o ...

Jane Foley of Rabobank writing The dollar will be more sensitive to poor data releases in the coming weeks than to good. Either way, it's time to reassess the outlook for the greenback. Jane joins us now for more.And welcome to the program. What data are you focused on. You know what.Any data, I think at this point, but particularly, of course, the labor data and the CPI data, if and when we get it. But, you know, we all know that that's going to be pretty confusing. Perhaps in October it will be affected b ...

US House lawmakers will vote to end the government shutdown, which has caused problems such as snarled air travel and delayed food aid to millions of Americans. Voting on the bill is scheduled to start at 5 pm ET. The legislation has already passed the Senate and has been blessed by President Donald Trump. ...

House Democrats are looking to hold the party line ahead of an expected vote to end the longest US government shutdown in history. House Speaker Mike Johnson signaling a vote could come as soon as this afternoon. Bloomberg Government's Jack Fitzpatrick joins us now for more.Jack, do you see some smooth sailing later this afternoon or some wrinkles, some rough seas ahead. I don't see smooth sailing, but it looks like the end of the shutdown is just about here. We've got one more critical vote in the House.It ...

This is the annual long term report that's produced by the International Energy Agency, and it's been quite controversial over the years. They had done away with what they call that current policy scenario, i.e., if nothing changes, what happens to demand and gone for scenarios that assumed we would take more drastic action against climate change. The IEA denies this is a response to the Trump administration to reinstate this forecast, but I think clearly it's acknowledgement of the shifting political winds ...

What do you make of this depreciation story. Because this is this kind of ripples back into all of this, the quickly depreciated chip. I thought anything from 2 to 6 years.So this is what Michael Barr Barry has been talking about, and this is what Cameron Crowe has has been talking about in his opinion column today, which is well worth reading because he's he's kind of drawing down a historical analysis, going back to the beginning of this century on depreciation and the spend on CapEx and how that has adju ...

[CC may contain inaccuracies] Depending on which Fed speech you're listening to at any moment, it's not the jobs that are most important or sticky inflation that's most important. So from your perspective, what's the greater force at the moment. Well, I think it's it is a bit of a toss up.I think Fed officials aren't quite sure what what they want to do. But my inclination is to believe that they'll pass on a December rate cut, that there will be another pause, they'll reconsider at the beginning of next ye ...

Bloomberg has learned that allies of Keir Starmer have privately accused UK Health Secretary Wes Streeting of plotting to replace the Prime Minister. For more on this palace intrigue, I'm joined by Bloomberg's Lizzie Bird. And Lizzie, what do we know at this point.We have to thank our UK political editor Alex Wickham for this scoop. But it's not the first time the West Street King's name has been mentioned. He's younger than Starmer. At 42, he's seen as charismatic.He's from a council estate in East London. ...