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Jay Powell is a friend of mine, says Bank of England's Bailey #politics
Bloomberg Television· 2025-08-08 13:10
Um, Governor, given the closeness of UK and and US markets, how worried are you about the constant attack from President Trump on Jay Powell, but also the firing of uh the jobs number person. >> Francina, I obviously don't comment on uh events in the US uh and and the policies of the US administration because that is really for for the US. I I've said in interviews I've given actually in the US uh as you know J.Pal is a friend of mine. Obviously, we are very close. We work very closely together.And I'll say ...
Lilly's new diet drug comes up short in trials
Bloomberg Television· 2025-08-08 13:05
Clinical Trial Results - Eli Lilly's experimental pill Orphon showed an 11% weight loss in patients [1] - Novo Nordisk's weight loss shot Wegovy led to a 15% body weight reduction in trials [2] - Eli Lilly's shot Zepbound demonstrated even better weight loss results than Wegovy [2] Market Expectations and Reactions - Wall Street anticipated Orphon to perform better, aligning with injectable drugs [1] - Investors showed a negative reaction to Orphon's results, indicated by a share price decrease [1] - Pills are considered crucial for expanding market reach, in a market projected to reach $95 billion by 2030 [3] Development and Approval - Eli Lilly plans to submit Orphon's findings for approval by the end of the year [4] - The daily weight loss pill could potentially be available in pharmacies as early as 2026, pending approval [4] - Pharmaceutical companies like Pfizer and AstraZeneca have previously encountered setbacks in developing weight loss pills [3]
US Surprises Gold Bullion Market With Gold Bar Import Tariff
Bloomberg Television· 2025-08-08 12:59
Tariffs remain high up the agenda in the Trump administration following the Swiss president's failure to reduce tariffs on her country after a visit to Washington earlier this week. The Financial Times is reporting that the US has imposed tariffs on imports of one kilo gold bars, dealing a further blow to Switzerland, which is the biggest player in gold refining. For more, I'm joined by Bloomberg's Brendan Murray, who tracks global trade for the US.And Brendan, we have a fantastic question from a viewer on ...
Tariffs Dominate Earnings Calls on Wall Street
Bloomberg Television· 2025-08-08 12:47
With over 80% of the S&P 500 market cap announcing second quarter earnings. There's one word that CEOs and analysts can't stop talking about. Tariffs.According to the latest Bloomberg analysis of earnings calls from Russell, 3000 companies tiers were mentioned nearly 4500 times. That's a massive surge from last year when none were being added Associated with that material's costs talked about 30% more frequently. And guess what's taking a backseat.Mentions of inflation thinking nearly 30% and diversity arou ...
Trump-Putin Meeting: What's at Stake If Summit Takes Place?
Bloomberg Television· 2025-08-08 12:00
We need to sort of explain how we got from bone crushing sanctions on Russia today to an in-person meeting for the first time between Donald Trump and Putin of this administration and basically how we got to there so we can get through the what, when, where and why of this whole situation. The why is potentially in large part because of that threat of sanctions that has pushed Putin to the negotiating table in terms of when it will take place. All we know from the Trump administration, from the Kremlin, it ...
Trump Claims Grocery Prices Are Down, But Are They?
Bloomberg Television· 2025-08-08 11:47
The president says grocery prices are dropping. Is that what you're seeing. Well, look, if you go back to Covid and everything, they've obviously gone up since then.I think you see a pause in grocery prices right now because like, for instance, we don't know what to do as far as buying clothes right now. You know, a couple of things that are out there is any service from China which has to do with things like these aluminum arms that we get from China, switched our production from the United States now to b ...
What Could a Meeting Between Putin, Trump Signify?
Bloomberg Television· 2025-08-08 11:47
The sort of going logic in Washington right now is that an in-person meeting would represent a win in itself for Vladimir Putin. Is that how you see this. It is.Vladimir Putin clearly wants this meeting. They've already started working on the preparing for that meeting. They are looking for a venue. They say they have a venue.This is all way out in front of what's going on here in Washington, as you point out, Joe. So Putin clearly wants this meeting. Just a way for him to get back in, to come in from the c ...
Gold Roiled by Tariffs; Trump Names Miran to Fill Seat on Fed Board | Bloomberg Brief 8/8/2025
Bloomberg Television· 2025-08-08 11:47
MATT: GOOD MORNING IT IS 5:00 A.M. WITH YOUR BLOOMBERG BRIEF. GOLD FUTURES JUMPED AS THE U.S. IS SAID TO HAVE PUT A TARIFF ON IMPORTS OF ONE KILOGRAM GOLD BARS. THE MOST TRADED IN THE FUTURES MARKET. PRESIDENT TRUMP SAID THAT HE WILL NOMINATE STEVE AND MY WRITTEN FOR A SEAT ON THE FED BOARD AND MET UP PIMCO AND BLUE OWL TO LEAD A 29 MILLION DOLLAR FINANCING FOR ITS DATA CENTER EXPANSION. IN TERMS OF WHAT WE ARE WATCHING ON MARKETS, GAINS FOR THE EQUITY INDEX AND S&P FUTURES UP .2 PERCENT AND NASDAQ FUTURES ...
Israel Prepares for Gaza City Military Takeover, Vowing to Win Longest War | The Pulse 8/08/2025
Bloomberg Television· 2025-08-08 10:09
>> NEWSMAKERS AND MARKET MOVERS. THIS IS THE PULSE WITH FRANCINE LACQUA. FRANCINE: GOOD MORNING.WELCOME TO THE PULSE. UP ANOTHER DAY, AND ANOTHER TARIFF SURPRISE. THE U.S. HAS PUT TARIFFS ON ONE KILOGRAM GOLD BARS.THE MOVE THREATENS MORTAL ROLE IN THE GLOBAL BULLY ON MARKET AND BLOW TO THE PRECIOUS MARKET SPIRIT. DOMESTICALLY, DONALD TRUMP PLANS TO NOMINATE THE ALLIES TO A SEAT OF THE FEDERAL RESERVE BOARD ON A TEMPORARY BASIS. THIS TIME, THE CHIEF EXECUTIVE OF INTEL WHO HAS COME UNDER FIRE.WE WILL FIND OUT ...
Israel Approves Gaza Takeover; Trump Picks Miran For Fed | Horizons Middle East & Africa 8/8/2025
Bloomberg Television· 2025-08-08 08:41
Good morning. This is Horizon's Middle East and Africa. Our top stories this morning, Israel's security cabinet approves Prime Minister Benjamin Netanyahu's plans to take full control of Gaza City.President Trump nominated Steven Miron to temporarily fill Adriana Kugler seat on the Fed board. Meanwhile, Christopher Waller is the leading choice amongst Trump's advisors as the next chair. Plus, Japan's top trade negotiator says the US has confirmed it will end stacking of universal tariffs on Tokyo and cut ca ...