So this move in gold started after Jackson Hole on August 22nd last year. Basically what's going on is there is this fear that fiscal policy has been out of control for so long we are running deficits in noncrisis peaceful times of five 6% of GDP. We've never really done that before.And so there is a fear in markets that fiscal policy is just out of control and the only way to get debt uh to sustainable levels is to print money and to inflate our way out of overindness. And so my view is that this gold rall ...

Hagar Chemali, Former-Director for Syria and Lebanon at the National Security Council, and CEO and Founder of Greenwich Media Strategies warned that strikes can still happen even as diplomatic talks occur. Negotiations, mediated by Oman in its capital Muscat, had a “good start,” Iran’s Foreign Minister Abbas Araghchi told state TV after the talks concluded for the day. He added that he thought the sides “can reach an agreed framework for future talks” if the process continues in the same vein. Oil prices fe ...

What is the biggest driver. Because that need to consolidate has been around. Is it just that the regulation is letting the banks do this now.>> Well, scale has never been more important. And to put things in context, the bank that just sold, it takes them, it would have taken them a decade and a half of spending to equal what JP Morgan's going to be spending just on technology this year. So, it's never been more competitive.But also, the regulatory environment, it suppressed the level of bank mergers. I th ...

Nam, could you just tell us about the shift that's taking place right now in the global market for for weight loss drugs. >> So, I mean, we're we're going really from a few years where Novon Nordisk couldn't make enough semiglutide to supply the market um in the US, let alone in the rest of the world. um to a time when um in a growing number of countries there will be a lot of generic competitors on the market and people will suddenly have access that they never had before to super powerful obesity medicine ...

If we assume that Warsh truly wants to do his own thing outside of presidential influence. And again, there are there are some people who doubt that is the case. How does he actually display or demonstrate the central bank's independence, when you have a president who likes to talk about interest rates and likes to joke about, you know, "I'm going to sue Warsh if he doesn't lower rates?" I think there would be a couple of things, Tracy, that we'll see pretty soon.I'll let you and your listeners decide if it ...

Bitcoin has crashed again. The largest cryptocurrency has fallen more than 50% from its record high in October, hitting around $60,000. We've been through this before.So, what's really different this time. It's really not about a big company or exchange collapsing or another bad headline. What we're seeing, traders say, is a riskoff mood hitting crypto across the board.High interest rates and tighter liquidity mean investors are pulling back from risky assets. And crypto is right at the front of that exit. ...

>> LIVE FROM WASHINGTON, D. C. , THIS IS "BALANCE OF POWER" WITH JOE MATHIEU.JOE: WELCOME TO THE FRIDAY EDITION OF "BALANCE OF POWER." IRAN SAYS IT AGREED WITH THE U.S. TO CONTINUE TALKS TO DE-ESCALATE AND AVOID A MILITARY CONFRONTATION. THE LATEST IN A MOMENT FROM BLOOMBERG WASHINGTON CORRESPONDENT TYLER KENDALL. INSIGHTS FROM GREENISH MEDIA STRATEGIES.RAPHAEL BOSTIC WEIGHING IN ON FED INDEPENDENCE AS WE WILL DISCUSS WITH WALL STREET WEEK HOST DAVID WESTIN. WE WILL HAVE ANALYSIS FROM OUR POLITICAL PANEL AF ...

Quickly want to delve into what's happening here in the markets with Nora. Melinda This downturn that we're seeing in homebuilders is pretty severe and it's coming straight from the White House as potential antitrust action is invoked by the administration. Norah, this is not playing well with most of the homebuilders today.What are you seeing in New York. Yeah, Joe, not really playing well with the homebuilders. I'm looking at an index as one five home that tracks a lot of the biggest U.S. publicly traded ...

The Gateway Development Commission's CEO saying in a statement, The federal administration continues to withhold funding for this vital investment in our nation's rail infrastructure. With more now is Bloomberg's Michelle Kosinski, who's been covering all of this for a while. So what's the next step, Michelle.Yes, it's looks like Gateway is saying at 5 p. m. today they will stop work if the funding doesn't come through.And they've been waiting on this money and now it's they've reached the end of the line w ...

Not only did the US dollar's expected rally in 2025 not materialize, but the greenback had one of its worst years ever last year with no end in sight. While the US dollar has suffered periods of sharp weakness in the past, those are typically driven by short-term cyclical factors such as a commodity boom. However, this time around, the dollar's weakness appears to have been driven by large-scale currency hedging, which indicates that the dollar's weakness is potentially more fundamental.Increased investor u ...