I'm here at Kongfuk Center which has just across from the scene of the fire. And you can see here that there are mattresses and residents clearly seeking refuge in this area overnight because it was very chilly. And they there are volunteers organizing the donation drive uh giving out shampoo, soap, disposable underwear, mattresses, blankets to just make people feel comfortable for the night.Um, the government has opened up nine shelters, mostly community centers, that they will keep them open as long as re ...

I'm here in Taipo at the scene of the fire that broke out yesterday at 300 p. m. We are now 8:30 a.m. the next morning. It's about 17 hours on and the fire is still ablaze.If you look through some of the apartments, you can still see the fire and smoke, heavy black smoke billowing out. I can smell it. I can feel a sting in my eyes when the wind blows over.This is the worst fire since 1962. At the moment, the death toll stands at 44. It could be revised up later.many more still missing. Authorities said that ...

Credit Card Usage & Interest - Approximately 60% of credit card users revolve, incurring high interest charges [1] - Revolvers pay interest on their outstanding balance [2] - The average interest rate for revolvers is 23% [6] Swipe Fees & Interchange Fees - A percentage, known as the swipe fee (approximately 15-20 basis points), is applied when a credit card is used [2] - Swipe fees on approximately $10 trillion in debit and credit card purchases accumulate significantly [3] - The majority of the swipe fee goes to the bank that issued the card, known as the interchange fee [4] - Interchange fees average a little over 18%, and have been trending upwards [5] Financial Services Industry - Visa and JP Morgan are often the most valuable financial services firms [4]

We've heard so much about the GPU Chip's A. I. needs, which have catapulted in video to the top of the leaderboard.But what about quantum computing. How are they different. And who's making them.Jerry Chow of IBM gave us a tour at the Thomas J. Watson Center in Yorktown, New York. So this is our IBM Quantum System two, which is the most recent one. Most recent one.It is also a infrastructure that is built with modularity and scalability in mind built for data centers. Right. So the way to think about it is ...

Holiday Season Performance & Strategy - Bloomingdale's CEO expresses cautious optimism about consumer spending during the holiday season, noting positive trends in recent months [1] - Bloomingdale's is investing heavily in creating engaging in-store experiences to attract customers, focusing on personalized services and unique events [3][4] - Bloomingdale's has experienced four consecutive quarters of same-store sales growth, indicating a successful turnaround [5] - The National Retail Federation estimates that 44% of consumers will do their holiday shopping at department stores this year [6] Bloomingdale's Reinvention & Brand Partnership - Bloomingdale's aims to rebuild its iconic status by reinventing the customer experience and fostering relationships [7][8] - Bloomingdale's has a 70-year partnership with Burberry, highlighting a collaboration for the holiday season, including wrapping the flagship store in a giant Burberry scarf [9][10] Burberry's Performance & Strategy - Since July 2024, when Joshua Shulman took over, Burberry's shares have rallied 50% [11] - Burberry is emphasizing its British heritage and offering a range of luxury products, from $130 candles to $3,000 trench coats [12] - Burberry aims to maintain broad universal appeal while remaining true to its luxury brand status [13] Luxury Market Trends - A JP Morgan report indicates that consumer demand for luxury goods in the U S has remained strong despite economic challenges [14] - The S&P Global Luxury Index, tracking 80 major luxury brands, shows no signs of slowing down [14] Future Outlook - Bloomingdale's is already planning for future holiday displays and strategies, looking as far ahead as 2027 and 2036 [15]

Guinea-Bissau's new interim military leader is vowing a crackdown on drug trafficking and corruption after taking power General. And Tom was sworn in a day after soldiers arrested the president and ordered last weekend's election results to be suspended. For more.Let's bring in Bloomberg's on Darrell Ganga, who joins us now with the latest on terror. What more do we know. Good morning, Tom.A lot has escalated in Guinea-Bissau in the last 48 hours. First, it started with gunfire. The presidential palace was ...

Mark the dollar. I think we will resume the structural depreciation trend next year. I think there are potentially a number of factors, right, in that the most important is because of the Trump administration's pressure on the Fed.We know that the setting for monetary policy, wherever it's at, will be easier than Orthodox or Orthodox economics would recommend. And that is at a point when the rest of the world is coming, generally coming to the end of their easing cycles. I still think that the trade dynamic ...

Let's start with our top story. Hong Kong firefighters close to completing their search of seven burnt out apartment towers after a fire that is now known to have killed at least 94 people. Dozens of survivors remain in hospital with hundreds more left homeless as a criminal investigation continues into the cause of the disaster.Our China correspondent Minmin Low joins us now from an evacuation center in Hong Kong. And of course, hundreds have been displaced, Minmin. That's right.It's a chilly morning here. ...

What do we know that has caused this outage and what is the impact been so far. I think a couple of points to bear in mind as we look at some of the disarray this morning. A lot of brokers and traders coming in struggling to make sense of what's missing in the market.For one, it speaks to the dominance of the CME platform. You can see the wide range of assets that are affected here from U.S. government bonds to commodities to equities. It has happened before.I think thinking back to 2019, we had a couple of ...

Ramsey, what are we hearing from the president in terms of this potential potential visa ban, potential block on people, so-called so-called people, so-called third world countries. What do we know about the details. Yeah, you're right, Tom.And usual Trump social media posts. It's kind of unclear what he's what he's trying to say, though. It's very lengthy. It's very forceful.The headline that we that we ran in the big focus is this idea of permanently pausing immigration from third world countries. What's ...