People are worried about this. It is expensive to live in New York is expensive. Live anywhere.It's extra extra expensive to live in New York City. It's fueled this massive swing to the left. And Wall Street's worried. Wall Street's worried.And you usually don't see these kind of market moves on the back of a primary election in a mayoral race. So this is not even the general election, Right. This is a primary to determine who within the Democratic Party will enter that race in November.But I think there's ...

Eight people have died and at least 400 have been injured in clashes between the Kenyan police and protesters. That's as thousands took to the streets across a dozen towns to mark one year since deadly anti-government demonstrations. The protests in June 2024 were against planned tax increases and government corruption.For more, Bloomberg's zero, Ganga joins us now from Kigali, Rwanda. Zero. Walk us through what happens.How do you manage. So like you mentioned, this was a protest that were meant to commemor ...

So I'd like just to begin there in terms of what you have unveiled here, do you think that this gives now the European Union a real chance to compete with some of these very sort of heavily government backed industries in China, for example, and in the United States with the Inflation Reduction Act. Hello. Good morning.So it's not against anyone, but it is just to assure that it is not that we are reliable, predictable and stable continent. It is that we are an attractive continent and that we, the Member S ...

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, the US President hinted that he may name the next Fed Chair as soon as September or October, even though Jerome Powell's term doesn't end until May 2026. The dollar fell and Treasuries rose as traders bet ...

We're looking at a market that seems to be pricing in more and more Fed rate cuts. We're thinking about maybe three pricing in two, of course, thinking about maybe we'll get to pricing in three and that's pushing futures higher a bit here in Europe and also in the United States. At how will the market deal with some sort of shadow Fed chair situation.Is that what we're looking at here. Well, first of all, we're already seeing the impact in terms of a softer dollar. We're seeing slightly softer yields.I don' ...

THIS IS THE ASIA TRADE. HAIDI: THE TOP STORIES THE SOUR, A CAUTIOUS OPEN AHEAD FOR ASIA AS WALL STREET'S RALLY SHOWS SIGNS OF FATIGUE AMID CHEAP POLITICAL RISKS. THE U.S. YIELD CURVE STEEPENING.THE NATO SUMMIT GIVES TRUMP A WIN ON DEFENSE SPENDING AS HE DECLARES THE LATEST MIDDLE EAST CONFLICT OVER AND FLAGS MEETING SOON WITH IRAN. WE WILL HEAR FROM CATL'S CHIEF MANY FRACTURING OFFICER ABOUT THEIR PUSH TO PRIORITIZE OVERSEAS EXPANSION. WE TALK AI WITH THE FOUNDER OF ONE OF CHINA'S LITTLE DRAGONS.ASIA TECH W ...

Remember before dialing. Listen for dial tone. It's not like he was proposing to bring back the rotary phone.But when John Stankey became AT&T's chief executive officer in 2020, he sensed the company had strayed a little too far from its roots. There clearly was a need based on kind of where the investor base was and where performance was, to take a step back and say it was time to maybe simplify the business and get it more focused. America's oldest telecom had grown into a sprawling media and communicatio ...

It's hard to understand the scale of this journey until you see it up close and in person at one of the connectivity hubs known as central offices. Traffic is aggregated from the different neighborhoods and then on to what it's going to call off for. Think about it as the brains of the network.It gives routing instructions in terms of where the traffic needs to go to based upon the command from your phone, your tablet, your computer. We're talking next to another room that looks sort of like this, but a lit ...

Over the last five years, AT&T has grown leaner by design, selling WarnerMedia and Direct TV and using the proceeds to strengthen its 5G wireless and fibre broadband capacity. No company has invested more capital into U.S. connectivity infrastructure in this decade. Now it's poised to satisfy soaring demand for higher bandwidth and faster speeds.We have our broadband or fibre product. We have our fixed wireless product, which is basically Internet or using our wireless network. And then you have your tradit ...

Zohran Mamdani is poised to become the Democratic nominee for mayor of New York City after the 33-year-old democratic socialist forced his opponent Andrew Cuomo, the former governor of the state, to concede within hours after polls closed. Mamdani, who just months ago was an unfamiliar name to most New Yorkers, racked up commanding leads across Brooklyn, Queens and Manhattan, even pushing Cuomo close in what was meant to be his stronghold of the Bronx. “Eight months after launching this campaign with the vi ...