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US Shutdown Is Getting Closer to Ending, Trump Says
Bloomberg Television· 2025-11-10 08:27
TRUMP SOUNDED OPTIMISTIC. WE ARE GETTING CLOSER TO ENDING THE SHUTDOWN. WE WILL NEVER GIVE MONEY TO ILLEGALS AND THE DEMOCRATS UNDERSTAND.WE ARE CLOSE TO IT ENDING, UHHHHH. YOU'LL KNOW SOON. GUY: JILL DESIS, WHAT PROGRESS HAS BEEN MADE.JILL: WE HAVE REACHED THE SUCCESS OF A TEST VOTE, OPENING THE DOOR FOR THE SENATE TO VOTE. WHAT THIS, UH, WOULD DO IS TO FUND SOME GOVERNMENT AGENCIES, LIKE THE DEPARTMENT OF AGRICULTURE AND OTHERS WOULD BE FUNDED THROUGH JANUARY 30TH, ENDING THE SHUTDOWN. MODERATE DEMOCRATS ...
Thanksgiving Travel Chaos Looms: Why More Flights Could Be Grounded
Bloomberg Television· 2025-11-10 07:07
Well, like you said, there's 10,000 flights cancelled or delayed today. And just to give you a scale in 2025, this is the 11th day with the most cancellations. So it's no, we're not, you know, the worst day in the US this year.And a lot of it is, of course, due to the staffing shortages for air traffic controllers. But you have other factors that are making things worse. You have the winter storm in Chicago, and that's one of those the biggest airports in the US. And and there's, you know, decades of hiring ...
The Vaccine Myth That Just Won’t Die and What It’s Costing Pediatricians
Bloomberg Television· 2025-11-09 15:01
Uh there's a a published article out there now that says that 50% of of revenues to most pediatricians come from from vaccines. >> The claim is headline grabbing, but it's not backed up by the facts. It turns out that far from being a profit center for pediatricians, vaccinating children is a loss leader or maybe simply a loss.I think it's really hurtful that the the narrative around pediatricians profiting from vaccines continues to be um put front and center. >> Pediatricians actually have to work extra h ...
Zohran Mamdani Makes Many Promises for New York, Can He Deliver?
Bloomberg Television· 2025-11-09 13:00
Mayor-Elect's Policy & Business Community's Concerns - The business community initially adopted a "wait and see" approach towards the new mayor, focusing on how to ensure the city thrives under his leadership [1][2] - The mayor-elect aims to make the city more affordable through measures like lower grocery prices, universal child care, free buses, and rent freezes [2] - Concerns arise that achieving affordability by raising taxes could worsen the crisis, as businesses pass costs to consumers [3] - The mayor-elect's initial focus on efficient government in his acceptance speech was encouraging to the business sector [4] Talent Attraction & Cost Competitiveness - The ability to attract top talent to New York City is crucial, with concerns about businesses and wealthy individuals potentially relocating [5] - New York needs to demonstrate it's a reasonable cost place to do business and live, as other states and countries compete for jobs and tax dollars [6] - The premium for talent in the financial industry in New York is over 20% higher compared to places like Tennessee, Florida, or Texas [6] Housing Affordability & Real Estate - The mayor-elect pledged to make New York City more affordable, particularly regarding housing, including a promise to freeze rent for 2 million New Yorkers in rent-stabilized apartments [7] - Real estate taxes account for 30% of the rent, leading to discussions on property tax reform to help rent-stabilized units, of which there are over 1 million in New York City [8] - Rent control policies could deter private capital from investing in new housing, while New York needs hundreds of thousands of new housing units [11] - Converting underused office buildings to residential is seen as a way to lower housing prices [12] Office-to-Residential Conversions - As of May, the pipeline of office-to-residential conversions totals 81 million square feet, up from 71 million square feet just months ago [17] - An incentive called 467M offers developers a tax break for 30 years for starting office-to-residential conversions, with projects breaking ground by mid-2026 [18] - Approximately 13 million square feet of office buildings in New York are currently being converted to residential due to this rule and office oversupply [19] Housing Supply & Construction - New York City needs to build more housing to accommodate its growing population and job market [22] - The challenges include the high cost of acquiring land and buildings, expensive construction, and complex regulations [23] - Cutting the amount of time it takes to build housing is a top priority, requiring city administration to empower departments to make decisions and issue permits quickly [25]
How high school baseball revived a dying Korean town
Bloomberg Television· 2025-11-08 23:00
This small town in South Korea has saved itself from extinction through the power of baseball. Sangdong was one of hundreds of small towns on the brink of disappearing due to the country's deepening demographic crisis. It had lost 97% of its population in 50 years, but now it is thriving again, thanks to an ambitious plan to build an elite high school baseball program from scratch.Korea loves baseball, so the program entices students from other parts of the country to move to Sangdong for free baseball trai ...
Trump Tariffs on Trial: What’s at Stake in Supreme Court Landmark Case
Bloomberg Television· 2025-11-08 13:00
I think what's really at stake most of all is whether or not the president has violated the constitution because again we have to go all the way back to the founding of our country. You know, no taxation without representation is on that license plate on everybody in the District of Columbia. And what it really is saying is the Constitution gives to the Congress, not to the president, the power to impose taxes or tariffs. the Constitution gives to the Congress, not to the president, the right to regulate fo ...
How Chinese EV Carmaker Seres Became a Luxury Brand
Bloomberg Television· 2025-11-08 03:00
Market Position & Growth - Series, a Chinese EV upstart, rapidly rose to the top of China's luxury EV segment [1] - Series' flagship M9 SUV was the number one seller in the luxury segment in China last year, surpassing Mercedes and BMW [2] - Series remains profitable and avoids price wars, selling its itel M9 for $70,000 [5] Production & Technology - Series built a million square meter Chongqing plant in just one year [1] - The factory utilizes over 3,000 robots to produce a car every 30 seconds [6] - Series cars feature Harmony OS, developed in partnership with Huawei [1] Competitive Advantages - Series benefits from its partnership with Huawei, especially in the Chinese market [5][6] - Series focuses on R&D in safety, automation, and connectivity, leveraging China's supply chains and homegrown tech [3] - Series' vehicles offer advanced features like automated parking [4] Future Trends & Challenges - The Chinese EV market is highly competitive, posing challenges for foreign players [3] - The industry anticipates advancements in assisted driving and potentially humanoid assistants [7][8] - Authorities are cautious about full autonomy until safety is guaranteed [7]
Trump Grants Hungary Exemption on Russian Oil | Balance of Power 11/07/2025
Bloomberg Television· 2025-11-08 00:40
>> THIS IS "BALANCE OF POWER" LIVE FROM WASHINGTON DC JOE: FROM BLOOMBERG WASHINGTON, D.C.'S TO OUR TV AND RADIO AUDIENCES WORLDWIDE, WELCOME TO "BALANCE OF POWER. " ALONGSIDE TYLER KENDALL, I AM JOE MATHIEU. THE DISRUPTIONS BEGAN. THE IMPACTED AIRPORTS ACROSS THE COUNTRY AFTER FLIGHTS ARE REDUCED IN 40 MAJOR CITIES AND IT ALL COMES BACK TO THE ONGOING GOVERNMENT SHUTDOWN. WITH PRESIDENT TRUMP SAYING MOMENTS AGO THE SENATE SHOULD NOT LEAVE TOWN UNTIL THEY HAVE A DEAL. WE WILL SPEAK TO OUR REPORTERS IN WASHI ...
What to Make of Hungary's Exemption on Russian Oil?
Bloomberg Television· 2025-11-07 23:38
What was behind this exemption, if nothing more than a personal relationship. Well, good evening to you and to Tyler. Thank you for having me back.Oh, it's just it's more of the same with this administration and with this president. Sanctions are on. You are exempted. Tariffs are on will reduce it for you. Tariffs are off.It is this erratic behavior by the president, by the administration. And we're talking about Russia here. We're talking about a country at war three and a half years now at war with Ukrain ...
How Are US Flight Cuts Impacting Flight Attendants?
Bloomberg Television· 2025-11-07 23:38
Industry Impact of Government Shutdown - The reckless government shutdown is making the job of ensuring passenger safety and security more difficult and dangerous [2] - The aviation industry's morale is low due to tragedies, poor decisions, and problematic policies since the beginning of the year [4] - Capacity cuts are tasking carriers with creating a new jigsaw puzzle for routes and crew placement, leading to inconsistency and logistical concerns [7][8] - Flight attendants are experiencing schedule changes at the last minute, impacting their ability to plan for the future [10] - The industry expresses solidarity with TSA agents and air traffic controllers who are not being paid during the shutdown [2][11] Safety and Security Concerns - The primary responsibility of crew members is to ensure the safety and security of passengers [1] - Aviation travel is still the safest form of travel in the United States, but this reality may be eroded [6] - Flights are operating at 98% capacity on average, highlighting safety and security concerns [12] - Incidents of conflict on flights are increasing, though not yet at COVID levels, due to cascading delays [15] Advocacy and Congressional Relations - The Association of Professional Flight Attendants represents 28,000 colleagues [1] - The industry is urging lawmakers to reopen the government, emphasizing safety and security concerns [12] - There is hope for a bipartisan resolution that does not strip away access to affordable healthcare [14]