A few things are happening here. So since September of last year, one year later, the Fed has now reduced rates by 125 basis points. Yep.And that brings us to 4 and a quarter 4 to 4 and a quarter. The Fed no doubt will go to a neutral rate, which is 3%. So they have 125 basis points to go.So only at the halfway mark. So that's the first thing. It's only eased one time this year.But they have a lot more to go because jobs are slowing. And more importantly, the neutral rate is much lower than the rate we have ...

A US judge ruled construction can continue on Orsted's nearly-completed wind farm off the coast of Rhode Island, quashing an effort by the Donald Trump administration to halt the project. Orsted said it would resume work following a ruling that the Revolution Wind project could suffer “irreparable harm” unless construction was allowed to continue for now. Bloomberg's Will Mathis has more. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss ...

Anglo whose 85% stake in De Beers and they it's not the government of the public on the front of who is 15. We we are resolute not and we have communicated fermentation to increase our state in dubious to a controlling state that is upwards of 50%. Would you go higher than that. Would you be willing would you know that it will go higher.Why. But because we want to we want to have effective control of the industry. We want our voice to be heard.It's a matter of of economic sovereignty for Britain is absolute ...

We will cut the R and policy rate. We will also cut central bank policy rate to seven day repo rate. At the same time, we will guide the LPR and the deposit rate downward.We will also set up a special re lending program for increasing the holding of shares. We will enhance the quality and value for investment of listed companies to better serve investors. We will make use of stocks, bonds and futures, among other capital market tools, to invigorate the restructurings and M&A market.Yeah, that was a throwbac ...

Abeer, Another historic day at the U.N. General Assembly yesterday. What were some of the main takeaways from President Macron's speech. Right, so, this was part of this joint conference between France and Saudi Arabia.Now, Crown Prince Mohammed bin Salman did not join in, but Faisal bin Farhan The foreign minister of Saudi Arabia took out remarks on his behalf that mimicked France. Now, what President Macron said is the cycle of war needs to end the devastation in Gaza. The almost two year war in Gaza need ...

At the white hot center of the Hollywood universe are moguls, the power brokers that shape our culture by determining what gets made and what we watch. In the October edition of Bloomberg Business Week, our annual screen time issue, we look at the new mogul that are reshaping the global entertainment industry. David Ellison, the son of Oracle founder Larry Ellison, just took over the story studio Paramount and is trying to steer the media giant that owns CBS News through the age of Donald Trump.Rachel Lurso ...

Are we at a revolutionary moment. Are the conditions of past revolutions present here in the United. No, they're not, because we have great job growth and the revolutions have typically been preceded by famine.Okay, well, then how serious. Like, you know, what do you what do you think about the DSA and so forth. Like because I think you've said, you know, like, do you consider them to be dangerous radicals or are they like a sort of different shade of liberal Democrat, I think different shades of liberal.I ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Matt Miller today. Here to help take you through the closing bell with a global simulcast, we're joined right now by Carol Massar and Tim Stenovec in the radio booth.Katie greifeld has the day off. Welcome to our audiences across all of our bloomberg platforms, including our partnership with YouTube. A third straight session Carol Massar where we see the S&P at a record high.Everything is awesome. Yeah, it's inter ...

All right, welcome back. Today, 40 years ago, one of the most consequential moments in international finance unfolded in secrecy at the Fame Plaza Hotel overlooking Central Park in New York City. It was there September 22nd, 1985 when the UK, France, Japan, and West Germany joined forces to formally help the United States devalue the dollar.It was a day of intrigue that began shortly after midnight when the Treasury Department confirmed news reports that the finance ministers and central bank heads of the f ...

What is Vladimir Putin up to. Why did he fly into your airspace. Yes, indeed.We have had several very brutal violations of Estonia, but also the NATO airspace. And I think that Putin is playing with fire because NATO responded in a very solid and adequate ways. This time we escalated this three fighters, all from Estonia.I'm going to space, but as well, the Polish prime minister and also foreign minister today in the Security Council meeting said that Putin is playing as a supplier. And next time, if we see ...