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Copper Faces a Volatile Outlook | Presented by CME Group
Bloomberg Television· 2025-08-06 15:31
Copper's role in modern technology and electronic infrastructure has increased global consumption to above 25 million metric tonses per year. Metal is now the third most used after iron and aluminum. Much of the demand is driven by electric vehicles, renewable energy, and AIdriven data centers.The price though has been wildly volatile in 2025. New 50% US tariffs announced on July 8th had pushed copper prices to record highs, including a 13% jump in one day, driven by fears of a supply disruption. But on Jul ...
Is ‘Altcoin Season’ Ready to Launch? | Presented by CME Group
Bloomberg Television· 2025-08-06 15:07
We have the cryptocurrency market has picked up serious momentum in recent weeks. On July 22nd, the total market cap hit a record high of 3.94% trillion and the altcoin market has surged 15% in just the past week. But what's behind the move and what is altcoin season.The idea of an altcoin season first appeared in 2017 during the first big crypto boom when coins like Ethereum, Ripple, and Litecoin skyrocketed while Bitcoin's growth slowed down. An altcoin season is officially recognized when over 75% of the ...
Trump Imposes 25% Additional Tariff on India
Bloomberg Television· 2025-08-06 14:54
SONALI: THANK YOU FOR KEEPING AND I AT ALL OF THOSE MOVERS IN THE BUSY OF A BUSY EARNINGS SEASON -- IN THE MIDST OF A BUSY EARNINGS SEASON. WE WILL BRING IN TYLER KENDALL TO TALK ABOUT THE LATEST. WE WERE TALKING ABOUT HOW THIS HAS BEEN WELL TELEGRAPHED.IS THERE ANYTHING IN HERE THAT ISN'T AS EXTREME AS EXPECTED. LOOKING AT THE INVESTOR REACTION IN THE BROADER MARKET, IT'S NOT SO BAD. TYLER: IT WAS WIDELY EXPECTED.PRESIDENT TRUMP SAID WE COULD EXPECT THE SO-CALLED SECONDARY TARIFF TO BE IMPLEMENTED ON INDIA ...
Trump Still Under Fire for Handling of Epstein Case
Bloomberg Television· 2025-08-06 14:48
Looking at trade in terms, of course, on a global stage domestically, a lot of the focus is on the Epstein case files. The Clintons have been subpoenaed by the House panel. How is it playing out internally.And actually, what do we know at this point. Well, it's still kicking along. No matter what Donald Trump wants is to go away, But it doesn't.Now we have the House Oversight Committee saying to the DOJ, you've got to release the full, unredacted Epstein files. And that's you know, the head of that committe ...
Trump Narrows Down Choices to Replace Fed Chair Powell
Bloomberg Television· 2025-08-06 14:27
A slew of feds be scheduled for today as investors await President Trump's pick for the Fed. Governor Trump saying he will make a decision before the end of the week. Bloomberg's Michael McKee joining us now.Mike, we learned yesterday that one person has got best out of the race. Four candidates that we understand. What's the process going to be like to get this person in that seat. Well, the process is going to take a while because the person who goes to that seat is going to have to be confirmed by the Se ...
Apple to Invest Another $100 Billion in US
Bloomberg Television· 2025-08-06 13:59
President Trump will announce that Apple is going to commit to spend another $100 billion on domestic manufacturing. That's the latest pledge by the tech giant to increase US production of its products as it seeks to avoid punishing tariffs on its flagship iPhones. You can see the shares up one and two thirds percent in premarket trading.I want to ask about Apple. You know, the other day I asked Mark Gurman how many iPhones will be made in the US, and he laughed at me. So I guess that's not the goal, but it ...
Disney Beats Profit Estimates on Streaming, Parks
Bloomberg Television· 2025-08-06 12:44
Why are shares lower after what Geetha just described was a pretty blowout report. I mean, I think you've got to sort of step back, first of all. I think blowout might be a strong word.I think the reality is Disney stock has obviously had a nice little run over the course of the last six months. I think the company definitely I don't want to say was sandbagging. But, you know, if you listen to Hugh Johnson, Disney's CFO, he certainly was keeping you know, he didn't raise expectations after last quarter's pr ...
US Envoy Witkoff Meets Putin in the Kremlin
Bloomberg Television· 2025-08-06 12:42
President Donald Trump's special envoy, Steve Witkoff, met with Russian President Vladimir Putin in the Kremlin for almost three hours on Wednesday according to the Interfax news service. Trump wants to end Russia's war with Ukraine by Aug. 8. Trump says Russia could face further sanctions if the fighting does not stop. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5 ...
Swiss President Makes Emergency Trip to Washington to Talk Tariffs
Bloomberg Television· 2025-08-06 11:44
What do we know about who she's actually got to meet. We understand Marco Rubio. Is she going to get a meeting with a trade representative, which is why she's there.This is very unclear. That's the problem. We really only know about Rubio.This has been announced in his agenda by the State Department. However, as we obviously know, Rubio has not been involved in the trade negotiations. So it's, you know, kind of a useless meeting to to say it bluntly.We still don't know if she's going to meet the president b ...
Trump Says US Close to Trade Deal With China
Bloomberg Television· 2025-08-06 11:42
Trade continues to dominate the headlines, with President Trump threatening new or higher levies on countries and products while some U.S. partners continue negotiating better deals. Swiss President Karin Keller-Sutter is in Washington pushing to lower the 39% tariff imposed last week. Japan's chief negotiator is also traveling to the US in pursuit of promised cuts to auto tariffs.Meanwhile, Trump says he'll announce levies on pharmaceutical and chip imports in the next week or so. He's also threatening inc ...