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US Shutdown Still Days Away From Ending Even as Senate Deal Moves Ahead
Bloomberg Television· 2025-11-10 19:06
I'm thankful to welcome you to what appears to be the beginning of the end of the longest government shutdown in US history. As shameful as that is, it's after 40 days of wandering in the wilderness and making the American people suffer needlessly, some Senate Democrats finally have stepped forward to end the pain. It appears to us this morning that our long national nightmare is finally coming to an end, and we're grateful for that.The Senate's vote last late last night of 60 to 40 opens the door now. The ...
BBC Chiefs Quit After Report Criticizes Editing of Trump Speech
Bloomberg Television· 2025-11-10 19:05
The head of the UK's national broadcaster, the BBC, and the boss of BBC News, have quit in a dispute over editing that stretched all the way to the White House. At the center of the Fiori was a documentary by the BBC which featured remarks by Donald Trump. It spliced together sections of the US president's speech on January the 6th, 2021, the day of the capital riots.The edit made Trump appear to say that his supporters should walk down to the capital and fight like hell. In fact, he said they should cheer ...
Jeffries 'Deeply Skeptical' of GOP and Intentions
Bloomberg Television· 2025-11-10 18:16
We will sit down with any Republicans anytime, anyplace, anywhere. In order to find a bipartisan path forward. But we're not down with that my way or the highway approach to governance that's failed the American people.It's been a disaster for the American people and the American people know it. They fired more than 2000 federal and 100,000. Federal employees prior.To the shutdown that they started beginning. So of course, there's reason to be deeply skeptical of the administration and their motives as it r ...
Air Traffic Controllers Should Not Be Used as a Pawn, Union Says
Bloomberg Television· 2025-11-10 17:37
Today, the bench marks the first time in history that air traffic controllers and other aviation safety professionals we represent have now received two $0 paychecks. 41 days without pay. Controllers continue to show up and step up despite working full time during the shutdown and in many cases, mandatory overtime. Controllers continue to show up and step up for the American flying public and for each other.On behalf of myself and your national leadership, we see you. We thank you for your tireless commitme ...
Speaker Johnson Sees ‘Beginning of the End’ of Longest Shutdown
Bloomberg Television· 2025-11-10 17:23
Government Shutdown Resolution - The U S government shutdown, lasting over 40 days, is nearing its end due to Senate Democrats' actions [1] - The Senate voted 62-40 to move forward on an amended House Continuing Resolution (CR) [2] - The CR will reopen the government until January 30th [2] - The CR includes guaranteed backpay for all federal workers affected by the shutdown [2] Appropriations and Funding - The CR fully funds SNAP (Supplemental Nutrition Assistance Program) through the end of the next fiscal year, September 2026 [2] - The CR includes passage of three appropriations bills: Military Construction and Veterans Affairs, Agriculture, and Legislative Branch [3] House Action and Presidential Approval - The House will be called back to Washington with a 36-hour notice to vote on the amended CR bill [5] - The goal is to pass the bill and send it to the President's desk for approval as soon as possible [5] Procedural Hurdles - The Senate needs unanimous consent to fast-track the final vote, but procedural hurdles could delay the process [4]
Eight Dead, Several Hurt After Car Explodes in New Delhi
Bloomberg Television· 2025-11-10 16:53
मीडिया काला है दूसरी तस्वीरें आप देख पा रहे हैं यहां तमामारी मौजूद है एक तरफ एनआई एन फोटोग्राफी और ये तस्वीर एक नंबर गेट इधर आ जाओ दोबारा बोलो श्योर श्योर यार. ...
Fed's Musalem Sees Labor Market Cooling, Urges Caution on Rates
Bloomberg Television· 2025-11-10 15:36
We have some news in Washington that we may be getting close to the end of the shutdown, which would release data. But just in case that doesn't happen. Based on what you know now, what do you think about the economy.Mike, good morning. Great to be here. I see an economy that is has been pretty resilient, where growth has been roughly around potential around 1.8% for four this year in spite of a lot of uncertainty. I see a labor market that has been around full employment is around, full employment with has ...
Is the ‘Debasement Trade’ Here to Stay? | Presented by CME Group
Bloomberg Television· 2025-11-10 15:35
The debasement trade refers to an investment strategy where capital flows into assets perceived as hedges against currency devaluation. Typically driven by factors like excessive government borrowing, fiscal deficits, money printing, and persistent inflation. Common assets include gold, Bitcoin, other cryptocurrencies, commodities like silver and platinum, and even stocks as investors seek scarcity or non-fiat alternatives to preserve value when faith in central banks or fiat currencies erode.The concept ha ...
Fed’s Daly Warns Against Keeping Rates Too High for Too Long
Bloomberg Television· 2025-11-10 15:17
Inflation & Productivity Assessment - Inflation has been relatively contained in goods prices directly affected by tariffs [1] - Other inflation components show no significant surge, and inflation expectations remain well-anchored [1][16] - Productivity and GDP growth are increasing, while the labor market is slowing, indicating firms are seeking efficiency [2] - A 50 basis point adjustment has supported the labor market while maintaining restrictive policies to exert downward pressure on inflation [3] - The Fed aims to bring inflation back down to 2% to restore price stability [8] AI Impact & Business Outlook - Companies are reporting encouraging early signs of AI's positive impact on their bottom line and productivity [4] - AI is seen as potentially transformative, similar to electricity or the steam engine, with the potential to boost productivity and growth [25][26] - Businesses across various sectors are using AI to improve productivity [13] Labor Market Dynamics - Wage growth is moderating, reducing pressure from the cost side of labor [17] - A significant decrease in payroll growth is observed, with the underlying cause being debated [18] - Wage growth is slowing even in sectors heavily reliant on immigration, suggesting a demand shock [20][21] - The economy is currently in a low firing, low hiring period [22] Monetary Policy & Economic Outlook - The Fed is in a good position to evaluate information before making further decisions [6] - Policy adjustments have led to lower mortgage interest rates and increased activity in the housing and borrowing markets [29][30] - Monetary policy acts with a lag, influencing decisions for the next six months to a year [30][31] - The Fed relies on government data, private sector surveys, and direct engagement with businesses and consumers [32][33][34]
Swing State Voters on Trump's Economy
Bloomberg Television· 2025-11-10 15:12
It's been one year since Donald Trump was elected and voters in swing states have thoughts on how the president is handling the US economy. >> When Trump came to office, um it it's I think it's fair to say that all hell broke loose. >> Bloomberg News found the results to be a mixed bag.Some are concerned about rising prices. Some wish the president had focused more on domestic issues rather than foreign affairs. And the future of the job market and AI cropped up as well.He got elected primarily because of t ...