The amount of the tariff affects, the size of the tariff affects their duration, and the time it will take are all highly uncertain. So that that is why we think the appropriate thing to do is to hold where we are. As we learn more and we think our policy stance is in a good place where we're well positioned to react to incoming developments, we have to be forward looking.And the thing that every forecaster, every outside forecaster and the Fed is saying is that we expect a meaningful amount of inflation to ...

This is the heart of Singapore where some of the world's biggest banks including JP Morgan and Bank of China z billions of dollars around the world in nanconds over computer screens. But down here in this tiny but popular corner of Raffles place cash is still king. The arcade is home to about 30 money changers.Every day hundreds of people line up here to exchange about 150 different global currencies. Japanese yen, Indonesian rupia, Malaysian ringit, you want Icelandic croner, no problem. But in this digita ...

But what's very relevant to understand is the the the technology potential is increasing very significantly with compute. Yeah. With with the with the evolution of computing.But also you're finding always every day new ways of using this technology which means that the products need to evolve really fast and the products that were useful yesterday will not be useful tomorrow. And so basically what you need to optimize for is adaptation and and the speed of evolution. not necessarily having a product that is ...

Just out of the corner of my eye, I see a couple of massive rockets which dominate the skyline here. Why doesn't Europe and its space industry dominate in the same way that that we see in the United States. What is it that we're not doing here, not funding here that we need to fund to be on par.I mean, I wouldn't say that Europe is not dominating. We have some of the programs that are the world's best programs that day. Earth Observation, the Copernicus program is delivering the largest amounts of data of o ...

What do you make of this ambiguity around what the US are going to be doing. Is there a precedent for this in history. Have we ever been in a situation where it's this unclear whether the US is going to get involved militarily in a conflict or not.Well, I think there have been multiple occasions when the US has been hesitant about entering into armed conflict. All I have to do is jump back 85 years at the time of Pearl Harbor and just immediately before that. While President Roosevelt was focused on assisti ...

UAE luxury real estate developer Binghatti has launched an asset management firm with the aim of managing billion worth of private credit and real estate strategies. The new Binghatti is based at the Dubai International Financial Centre. The IFC and its chairman, Ahmed BinGhatti joins me right now.Good to have you with us on the show. So the asset management firm plans to target about billion in private credits and real estate strategies as a share compliance. Why did you launch Benarty Capital.What's the p ...

Oh, I'm drawing a divination stick that's supposed to predict my future. But I'm not at a Chinese temple. I'm at a bar in Beijing.These divination bars are popping up across major Chinese cities where you can order a splash of cocktail with a sight of fortune telling your palate. How should I say. The bar business has been declining, but spiritual buys are on the rise.The so-called metaphysics economy, including tarot card, reading, astrology, zodiac prediction, energy healing is one segment of the Chinese ...

Prices for cocoa on the global market have nearly tripled since 2023, but farmers in Ivory Coast have found it hard to cash in. The cocoa trade in the country is controlled by government-run regulator Conseil du Café-Cacao, which sets prices. The current price is about a third of the global market price, which has created a powerful incentive to smuggle crops into neighboring countries that don’t have the same central pricing. Bloomberg's Ondiro Oganga reports. -------- More on Bloomberg Television and Mark ...

This week, Former Treasury Secretary Lawrence H. Summers on the recent Fed decision and the economic implications of uncertainty in the Middle East. And, how is Saudi giant Aramco diversifying in a tech-driven world? Plus, an interview with Robinhood’s Vlad Tenev on artificial intelligence solutions for nuanced needs. Later, Netflix is entering the themed entertainment business with Netflix House, further intensifying its competition with traditional media players. Chapters: 00:00:00 - Summers on Fed, NYC m ...

That's putting more stress on the job market. The actual deportations themselves or the fear that they're instilling in other workers. Yeah, I'm glad to be here because just a few moments ago, the president getting off a plane in New Jersey said, look, I'm hearing from our farmers and ranchers and the fear in the community. So just a few moments ago, the president actually said, I'm going to allow a process, a process in which the employer, the farmer, can sponsor a work permit for their long term undocumen ...