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Dimon Says Being Anti-Business Won't Help Average Citizens
Bloomberg Television· 2025-11-06 17:25
This notion that somehow, you know, being anti-business is going to help the average American citizen or even the lower paid. So I agree with the concept. I don't think we've done a particularly good job taking care of the bottom 20% of our citizens.Their incomes didn't go up. Their health care is worse. They live in more crime ridden neighborhoods.The schools don't work really well. And we did that. That's Democrat Republican policies, by the way.So I agree with that concept. I don't agree with the concept ...
JPMorgan's Dimon Weighs In on AI: 'Embrace It'
Bloomberg Television· 2025-11-06 17:15
AI发展与影响 - AI技术将治愈多种疾病,并可能在未来几十年内使发达国家的人们每周工作三天,生活质量显著提高 [1] - 农业领域的技术进步(如拖拉机和化肥)已将从业人员从 40 million 减少到 150 万,表明技术进步对就业结构的潜在影响 [2] - AI技术发展迅速,可能导致社会难以适应,例如,如果技术进步导致 2 million 商业卡车司机失业,需要提前准备应对 [3][4] 就业与应对策略 - 面对AI可能造成的失业问题,行业应考虑再培训、收入援助、减缓技术应用速度、提前退休和岗位转移等措施,政府和企业需要共同合作 [4] - 企业在应用AI的过程中,应积极进行岗位调整,将员工重新部署到其他岗位,充分利用人力资本 [5][6] 风险与机遇 - 尽管AI存在被滥用的风险,但行业应拥抱技术进步,因为技术进步总体上会改善生活质量 [1][2] - AI技术正处于发展初期,未来发展潜力巨大,行业应积极准备,迎接AI带来的变革 [3][5]
Nancy Pelosi to Retire From Congress After Nearly 40 Years
Bloomberg Television· 2025-11-06 17:12
Now, Nancy Pelosi is ending her nearly 40year career in Congress. The 85year-old Californian Democrat and the first woman to serve as Speaker of the House, says she won't seek reelection next year. Let's get more now from Bloomberg's Megan Scully, who covers Congress.And there's no shortage, I guess, of oxygenarians there. She's also still sticking around until she's like 87, right. >> Yes.So, it appears that she will be serving out this term, which ends in January of 2027. So, another year and a half almos ...
BOE's Bailey Says Inflation 'Could Be Sticky'
Bloomberg Television· 2025-11-06 17:04
On the one hand, inflation is still well above the 2% target. It is possible that it could be sticky, for example, if increases in administered prices were repeated or if labor cost pressures continued to be elevated. There is a risk that the inflationary shocks we have had could have effects of inflation expectations on the way wages and prices are determined in the economy.That could lead to more inflationary pressure. A scenario in the report illustrates that the path of bank rate might have to be higher ...
BOE's Bailey has a 'very good' working relationship with the Chancellor
Bloomberg Television· 2025-11-06 17:04
I know the BOE doesn't assume anything about the budget and of course you take fiscal policy as as read when it set out in the budget, but as governor, what would you like to see most in terms of broad fiscal impulse from the chancellor. >> Oh, well, I'm going to wait for the chancellor to announce it on the 26th of this month. Uh, >> how would you describe your working relationship with the chancellor.>> Oh, very good. Um, very good. We talk quite often.Um, you know, it's a good relationship. There's nothi ...
SharkNinja Looks to Expand in the Blender, Cooler and Outdoor Heating Space
Bloomberg Television· 2025-11-06 17:01
I want to start by saying, you know, this is ten consecutive quarters of double digit top and bottom line growth for Shark Ninja since we've been on the New York Stock Exchange and our consumer problem solving machine was on full display this quarter. I mean, we grew our top line over 14%. We grew the adjusted EBITDA with 21%.Our gross margin rate, in fact, grew 90 basis points in the quarter. And we we leverage our operating expense. So we had a great quarter.I mean, we've been managing with tariffs now fo ...
ADP's Richardson Sees Recovery in Jobs Market
Bloomberg Television· 2025-11-06 16:21
Labor Market Overview - The labor market is showing signs of stabilization, potentially indicating that the negative impact on payrolls was short-lived [1] - The recovery is tepid and slower compared to earlier in the year, suggesting cautious optimism rather than a full restoration of robust job gains [2] - Timing is crucial in understanding the complex and fast-moving labor market [2] Employment by Firm Size - Large companies account for a quarter or less of U S employment, highlighting the importance of small firms [3] - Most U S workers are employed by small firms, emphasizing the need to pay attention to this sector [3] Sector-Specific Trends - The services sector and manufacturing are still experiencing contraction in employment [4] - Trade, transportation, and utilities are showing job gains [4] - Healthcare is a strong and acyclical sector, driven by the aging population and increasing demand for healthcare services [4][5] - Leisure and hospitality are a concern, as hiring numbers in this sector are not as resilient as before [5][6] Economic Concerns - Consumer resilience has been fueling the economy, but a decline in resilience in the leisure and hospitality sector is a concern [6] - Announcements of cuts in big companies eventually trickle into the labor market [4]
Nancy Pelosi Will Retire From Congress at End of Term
Bloomberg Television· 2025-11-06 14:56
Nancy Pelosi is ending her nearly 40 year career in Congress. The 85 year old Californian Democrat and the first woman to serve as speaker of the House says she won't seek reelection next year. Let's get more now from Bloomberg's Megan Scully, who covers Congress.And there's no shortage, I guess, of octogenarians there. She's also still sticking around until she's like 87, right. Yes.So it appears that she will be serving out this term, which ends in January of 2027. So another year and a half almost, that ...
Cathie Wood Makes the Case for Elon Musk’s Tesla Pay Package
Bloomberg Television· 2025-11-06 14:14
Do you think, Cathie, The incentives are well aligned. Yes, we do. I do not believe any company anywhere near this size has ever delivered a compound annual rate of growth for EBIDTA, which is a bottom line number of 41% over ten years.No company has done that. So yes, indeed, the incentives are aligned. If he and his team are able to deliver on that number, the stock is going to outperform enormously.Cathy, if by chance this proposal is rejected, would you consider shedding some of your Tesla position. So ...
US Posts Most October Layoffs in More Than 20 Years
Bloomberg Television· 2025-11-06 11:08
Job Cuts Analysis - October job cut announcements reached 153,074, the highest since 2003 [1] - Job cuts increased by 183% compared to September [1] - Job cuts increased by 175% year-over-year [1] - Year-to-date job cuts are the highest since June 2020 (COVID period) [2] - Job cut data is compiled from companies' announced plans, not actual realized cuts [2][3] Hiring Trends - Announced seasonal hiring plans are the lowest since tracking began in 2012 [4] Considerations - Job cut announcements may not always translate into actual job losses due to attrition [3] - Job cuts can take months to materialize, as seen with Amazon's 90-day notice [3] - Job cut figures are worldwide, not limited to the U S [3]