Project Overview - Steve Cohen is building a large gambling complex in Queens, including a soccer stadium [1][2] - The project is slated to open in 2030 [2] Economic Impact - The project is expected to create 17,000 construction jobs and 6,000 permanent jobs [2] - It is projected to generate $3.9 billion in tax revenue, with $850 million in annual taxes [2] Community and Political Aspects - The project initially faced opposition from a local councilmember [4] - Community support and the borough president ultimately favored the casino [4] - Steve Cohen is credited with cleaning up the area around Citi Field [4] - A ferry service to Citi Field is under consideration to improve accessibility [5] Regulatory Approval - The project needs a gaming commission license approved by December 31 [6] - The board recommends the project as one of three sites [6] - Limited public protest suggests less pushback than anticipated [7]

Robert Konigsberg, our founder of Gramercy Funds Management, a global leader in emerging markets, writing. It is so hard to imagine that the art of the deal leads to something short of Maduro seizing power. The path to de-escalation has become quite narrow.Robert joins us now. Robert, thank you so much for being with us. How are you understanding this from an investment standpoint about what U.S. involvement with Venezuela looks like now and what it will look like, say, six months from now.Sure. Good mornin ...

It's the tool by which a chip is designed but also validated. So before you send a chip through the Fab Four to be manufactured, you test that actually the design is going to work. And it's really interesting because synopsis is a supplier to India.They use that software platform and the stock was up 5%. Nvidia bought these shares at $414.79%. It's now up near $440.The sense taking between two and 3%. The company replicating a playbook that you and I have discussed within video a couple of times this year. ...

Economic Trends & Consumer Behavior - Black Friday spending reached billions, potentially breaking Cyber Monday records, indicating strong consumer activity despite cost of living concerns [1] - The economy is K-shaped, with some segments of society doing well while others are struggling with rising costs of insurance and groceries [2] - There's an expectation for the Federal Reserve to cut rates in response to the economic disparities [2] Government Fiscal Policy & Job Creation - The government attempted to support the lower tier of consumers through measures like no tax on overtime and new tax on tips [3] - Pro-business efforts aim to encourage businesses to restore and build out their manufacturing, with infrastructure projects creating jobs [4] - AI is not replacing all jobs, particularly in infrastructure where physical labor is required [4][15] Healthcare & Affordable Care Act - Congress is considering changes to the Affordable Care Act, specifically the enhanced premiums [5] - A proposed plan involves giving 100% of the enhanced premium tax credit to patients in the form of a deposit with a health savings account, instead of insurance companies taking 20% [5][9] - This approach aims to lower healthcare costs by allowing patients to choose cheaper plans and providing first-dollar coverage [6][9] Reshoring & Manufacturing - Tax policies and tariffs incentivize companies to reshore or nearshore, which will create jobs [12] - The reshoring of manufacturing activity is expected to cause a general economic boom [13] Productivity & Investment - Increasing the productivity of the nation will increase tax revenue by increasing the growth of the economy [15] - Shifting investment to more productive areas of the economy is viewed as a positive step [16]

Eli Lilly announcing it will cut the prices for introductory doses of Zep found if you pay cash. This is just the latest move in the price war with Novo Nordisk that's getting more and more confusing in terms of pricing for these weight loss drugs. Joining us now to talk about it is someone who understands everything, at least in regards to this industry health.Bloomberg health reporter Madison Miller. So what do we know about Zep. LB Now it's what the five mg doses, the starter doses are going to be even c ...

I know who I'm going to pick. Tell me, Kevin Hassett. I'm not telling you.President Trump's teasing about his pick for the next Fed chair after he signaled he wants someone who will more forcefully pursue rate ups. Bloomberg's Jonathan Tamari joins us now from Washington. Jonathan, the consensus seems to be around Kevin Hassett.Is it a done deal that it's likely to be Kevin Hassett now and would he get nominated easily. So it's certainly pointing in that direction. The caveat, as always, President Trump, is ...

Copper Market Analysis - Copper supply concerns have been ongoing for years and are now coming to a head [1] - Mine supply has taken a hit this year, leading to insufficient supply for new smelters globally [2] - Expectations of US tariffs on refined copper are driving metal into the US, potentially leaving the rest of the world short [3] - A well-known copper trader predicts a significant copper price increase next year [3] - The combination of factors is pushing copper prices to record highs [4] Silver Market Analysis - A rush of silver into the US occurred in October due to a squeeze in the COMEX silver market [4] - This rush was related to tariff expectations and short supply in the rest of the world [5] - Warehouses in China have limited silver supplies [5] - The global silver market outside the US is stretched, making it vulnerable to price spikes [5]

Market Sentiment & Investor Behavior - Investor cautiousness is evident in the all-time high levels of money market funds, suggesting a potential for future risk asset allocation [2] - The market is fully pricing in a rate cut at the December Fed meeting, with potential for hawkish forward guidance causing volatility [3] - Cash yields are attractive, leading investors to park funds in money market accounts until there's a clearer economic outlook [4] - Positive news is needed to trigger a Santa Claus rally, as the market is currently heavily influenced by monetary policy views [6][8] Economic Factors & Monetary Policy - The number one driver of equity markets has been monetary policy view [8] - A significantly lower terminal rate than 3% is unlikely without damaging economic data, which would also negatively impact equities [8] - US fiscal and monetary stimulus could lead to a more hawkish yield view, supporting the dollar [15] Global Equity Markets - European stocks have performed well, but the sustainability of this outperformance is questioned due to unmet fiscal expectations [9][10][11] - Growth in Europe is likely to disappoint next year due to the lack of significant fiscal spending [11] - The S&P in euro terms is up by 383%, the German markets are up by nearly 20%, and the IBEX is up by 41% [13] Currency Dynamics - Growth and rate differentials are key drivers for currency movements [14] - If the Fed doesn't deliver on expected rate cuts, the dollar could strengthen [13] - The narrative of the end of U_S_ exceptionalism hasn't materialized in flow data, with the exception of one week in April [17]

It's not just about the terms that ends fighting. It's about also the terms that set up Ukraine for long term prosperity. I thought we started laying the groundwork for that most certainly in Geneva. I think we continue that work in our communications throughout the week. I think we've built on that again today.But there's more work to be done. This is delicate. It's complicated.There are a lot of moving parts. And obviously there's another party involved here that will have to be a part of the equation and ...

As global trade realigns and fresh capital flows reshape Africa's economies. I caught up with some of the most influential business figures from across the continent. We have to create a country, an economy, and the private sector is key.If you look at the most successful economies in the world. They've succeeded because the private sector has identified those countries as good places to invest, good policies, whether it's legislative or fiscal or tax. The government's welcome investments.The private sector ...