But it's really good to be chatting to you here in Abu Dhabi. But also some big figures were announced by Microsoft. Microsoft, a cumulative 5.2% billion worth of investments in the UAE between the start of 2023 and anticipated by the end of the decade.It is a substantial stock. What is the opportunity you're saying here. Well, the opportunity is to really invest in this country.This is not money we're raising here. It's money we're investing in spending here. And we really see the future of the UAE as a fu ...

Berkshire Hathaway's cache hit a record $381.7% billion last quarter as Warren Buffett stayed on the sidelines in terms of M&A. Operating profit jumped 34%, led by booming insurance results and unusually low disaster activity. Investors are paying closer attention as the company nears a new era, with Buffett handing off the role of CEO to Greg Abel at year end.Danny. Let's discuss those results further. Joining us now is Alex Roger Bhandari.He covers Buffett and Berkshire for Bloomberg News. Alex It's the s ...

It's not that I'm out of bounds for where the rest of the committee is unneutral. It's just that I flipped from having one of the highest neutral rates last year to now one of the lowest neutral rates. And that's driven by things like population growth, right. It's driven by things like fiscal deficits.And if you think about population growth, right, that's normally considered to be one of the biggest drivers of neutral rates. And it's part of the reason why people think that neutral usually moves very very ...

2026. THE THIRD QUARTER EARNINGS SEASON PROVIDES A STRONG STOCKPICKING ENVIRONMENT. MIKE JOINS US FOR MORE.I WANT TO PICK UP ON A CORE VIEW OF YOURS FOR 2025 INTO 2026. RECESSION IS BEHIND US. THAT IS UNIQUE TO YOU AND THE TEAM AT MORGAN STANLEY.WE TRY TO WORK SIX MONTHS IN THE FUTURE. WE HAD THIS CONVERSATION, YOU SOUND MORE OPTIMISTIC THAN I FOR YOU IN A WHILE. WE THOUGHT THE FIRST HALF WOULD BE TOUGH AS A TRANSITION FROM THE GROWTH NEGATIVE POLICY TO GROWTH POSITIVE POLICIES.ALL THIS CAPEX IS IN LINE WIT ...

And there is breaking news on another multibillion dollar deal because it's Monday. That's when all of the M&A happens. Amazon's cloud unit and OPENAI announcing a $38 billion deal in artificial intelligence.This allows Openai to run its AI workloads on a website that supports Amazon's cloud business. RWC infrastructure starting immediately. And Bloomberg Tech co-host Caroline Hyde joins us now to walk us through this sea of deals.But let's focus first on us, Carol, and what do we know about billions, a nic ...

Monetary Policy Stance - The Fed is considered too restrictive, with neutral rates significantly below current policy [1] - Maintaining a restrictive policy for an extended period risks causing an economic downturn [2][16] - Financial markets are influenced by various factors beyond monetary policy, including technological advancements [4][5] - It's a mistake to automatically infer the stance of monetary policy solely from financial conditions [7] - Housing market conditions are tighter and have a greater impact on the economy's cyclical position than the stock market or credit spreads [8] - Policy passively tightened through 2025 due to shocks driven by economic policies outside the Fed, pushing neutral rates higher last year and lower this year [9][10][14] Neutral Rate and Economic Factors - Population growth rate is a major driver of neutral rates, experiencing 30 years' worth of change in only three years [11][12][13] - Changes in neutral rate accelerate over time, impacting the stance of monetary policy [14][15] Data Dependency and Economic Forecasts - Being excessively data-dependent makes the analysis backward-looking; forecasts should be prioritized [23] - Confidence in forecasts is high due to known shocks like population growth, minimizing the need for data dependency [24] - Alternative data on the labor market indicates a continual ebbing of demand, signaling that policy is too tight [27][28] Private Credit Market - Distresses in private markets suggest financial conditions have been tighter than perceived [9][31] - Uncorrelated credit problems can indicate a restrictive monetary policy [33][34]

Market Trends & Global Economy - China effectively suspends additional export curbs on rare earth minerals and terminates probes on US chip firms, signaling a potential ease in trade tensions [1][6][42] - The US administration's de-risking strategy with China continues, but the fragility of the situation requires both sides to comply with agreements [8][9][10] - Concerns about debt and uncertainty around budgets in Europe, particularly in France and the UK, are allowing the US dollar to rally [54][55] Company Performance & Financial Activities - Alphabet plans to sell at least $35 million worth of bonds to fund AI expansion and cloud infrastructure [15][62] - Berkshire Hathaway's cash pile soared to over $380 billion in the third quarter, a fresh record, but the company is not engaging in buybacks [19][20] - BP is getting rid of $15 million worth of assets in the Permian Basin and Eagle Ford as part of an investment strategy [5] - Ryanair expects to exceed its passenger growth for the full year, with traffic growth around 3% [27][33] Commodities & Interest Rates - OPEC signals a pause in production hikes in the next quarter, leading to fluctuations in oil prices [1][43] - The Federal Reserve is reluctant to cut rates due to sticky inflation, and the market anticipates structural changes leading to a more dovish Fed [48][50][51] - The 10-year Treasury yield is up, reflecting investor selling off treasuries [3][44]

>> NEWSMAKERS AND MARKET MOVERS, THIS IS THE PULSE WITH FRANCINE LACQUA. FRANCINE: GOOD MORNING, EVERYONE. I'M FRANCINE LACQUA IN LONDON.ANOTHER PACK TO SHOW TODAY. WE ARE LIVE WITH OPEC-PLUS DECIDING TO PAUSE HIGHER PRODUCTION, BUT FIRST IT WILL BE A HECTIC WEEK WITH EARNINGS SEASON IN EUROPE AFTER SOME STRONG TECH EARNINGS FROM THE U.S. WE ALSO HAVE TRADE TENSIONS BETWEEN THE U.S. AND CHINA APPEARING TO BE EASING. LET'S BRING EVERYBODY TOGETHER.WE HAVE TIM CRAIGHEAD FROM BLOOMBERG INTELLIGENCE AT THE EARN ...

The overriding trend, Tom, you know, in Europe, I think this year and for the next five years is going to be capacity constraint. The manufacturers are way behind in their deliveries. In fact, Boeing left us 29 aircraft short this summer, and we're the airline that grows as more capacity in Europe than any other airline.So if we're short capacity, we won't be able to grow traffic 2% in the September quarter. But we were able to recover all of our last year. Fares went down by 7%.This year, they've gone back ...

Mark, You like the dollar. You think it's got legs. Yes, absolutely.Good morning, guys. I think this is in context that has been really boring for the last few months. You know, the dollar was a big story the first part of this year.It's been the key part of why the end of U.S. exceptionalism has been a valid theme for 2025. It's been partially through the dollar component and then partially through stocks. Market lagging only slightly.So dollar was a big part of the first of the year, probably the most one ...