Two National Guardsmen were shot and critically wounded in downtown Washington and a suspect is in custody, officials said Wednesday. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/Bl ...

Market Trends & Industry Dynamics - Municipal (Muni) funds are being converted into ETFs or replicated by new ETFs, indicating a shift in investment vehicles [1] - Approximately 50% of municipal assets are now held in ETFs, a significant increase from about 1% fifteen years ago [2] - Companies like Fidelity and Franklin Templeton are participating in the municipal fund to ETF conversion trend [3] Investment Opportunities & Demand - Strong demand for ETFs exists from both retail and institutional investors due to lower costs and higher liquidity [4] - Municipal bonds experienced their best month in October since 1990, driven by strong supply and demand technicals [4][5] - Historically, November has been a strong month for municipal bond performance, and this trend is expected to continue due to lower new supply [5]

Economic Outlook - Higher income consumers show resilience in spending [1] - Labor market indicates weaker labor demand [1] - Aggregate spending is declining [3] - Aggregate employment is declining [3] Monetary Policy Implications - The Fed may need to undergird the economy and consider an additional rate cut in December [3] - Rising unemployment rate and declining employment could prompt the Fed to cut rates [4] - The Fed is trying to maintain balance amid rising prices and input cost pressures [6] Inflation and Pricing - Firms can only pass through about 20% of higher input costs [3] - Prices are rising moderately, with widespread input cost pressures among manufacturers and retailers [6] - Input cost increases are related to tariff induced increases [6]

Climate Change Engagement - Brad Lander has been engaging with BlackRock on climate change since 2022 [2] - BlackRock, along with 49 other asset managers, submitted plans to hold portfolio companies accountable to climate change by June 30th [2] - Lander has been reviewing these recommendations for the past five months [3] Asset Manager Recommendations - Lander is recommending that the pension funds stay with 46 out of 49 asset managers [4] - BlackRock's mandate is recommended to be dropped at $42 billion [5] - Fidelity Investments and Panera have a combined $750 million of assets under management for the pension funds and are also recommended to be dropped [5] BlackRock's Response - A BlackRock managing director alleges the firm is abdicating its financial duty and undermining the retirement security of hardworking New Yorkers [3]

I wanted to start with some of the rebuilding efforts that we're watching in your country. Prior to the hurricane, of course, Jamaica was doing well economically. What is the outlook now, especially when you consider unemployment, debt and the like.Hurricane Melissa could only be described as an atomic bomb of wind and rain that left a trail of destruction through seven of our 14 parishes. It is estimated that the physical loss of assets would be somewhere in the region of about 8.8% billion USD, amounting ...

Fiscal Policy & Economic Outlook - UK's fiscal watchdog indicated Chancellor's headroom doubled to nearly £22 billion [1] - Growth downgraded, welfare bill soaring, living standards to rise more slowly than expected [2] - Tax burden rising to its highest since records began just after World War II, reaching 38% of GDP [2] - Stealth tax rise through freezing personal tax thresholds, potentially creating millions of new taxpayers [3] Political & Social Impact - Removal of the two-child benefit cap, potentially lifting hundreds of thousands out of poverty [4] - Chancellor faces questions on breaking manifesto pledge not to raise income tax [3] Market Reaction & Risks - Budget aims to bring down inflation, but the gamble is whether the market buys the backloading of fiscal tightening [4] - Gilt yields fell and the pound rose against the dollar following the OBR leak and speech [5] - UK gilts will be incredibly exposed to international crosscurrents with Thanksgiving following this budget [5]

Safety Concerns - Electric vehicles, especially post-crash, pose safety risks due to high-voltage batteries and potential door malfunctions, leading to difficulties in exiting the vehicle [3][4] - Fatalities and harrowing survival stories have been linked to these door issues, highlighting the severity of the problem [5] Design and Compliance - Tesla popularized complex door designs, moving away from simple latches, which has been widely copied by other manufacturers [1][2] - These designs involve flush handles, buttons, and electrically powered latches, which can be confusing and potentially dangerous [2] Regulatory Response - Regulators in China are considering banning flush door handles, influenced by fatal incidents involving a Tesla competitor, Zhao Mi [7][9] - Europe is also closely examining the issue of complex door designs [7] - NHTSA opened a defect investigation into Tesla Model Ys, with potential expansion to other models [8] Manufacturer Actions - Tesla is reportedly working on making their doors more intuitive and safer [6] - Ford has already implemented a recall related to this issue in the US [7]

So finally, Chancellor, you've effectively just broken your promise made after the last budget not to raise taxes again. Will you now rule out more tax rises whether directly or by stealth this parliament. >> So last year I had to close the black hole in the public finances left by the Conservatives. Uh and um in the budget last year um I lived within the forecast set by the OBR.uh they have now changed their forecasts around productivity and they are very clear that's nothing to do with the policy of this ...

So finally, Chancellor, you've effectively just broken your promise made after the last budget not to raise taxes again. Will you now rule out more tax rises, whether directly or by stealth, this Parliament. So last year I had to close the black hole in the public finances left by the Conservatives. And in the budget last year I lived within the forecast set by the bill.They have now changed their forecasts around productivity and they are very clear that's nothing to do with the policy of this government. ...

Fiscal Policy and Economic Outlook - The budget aims to cut borrowing and debt, with an increase in headroom to £217 billion [3] - The IMF indicates the UK has a faster rate of fiscal consolidation compared to other G7 economies [4] - Some fiscal repair is expected to extend to 2028 and beyond [4] - The government aims to beat growth forecasts, targeting 15% growth this year [11] Taxation and Revenue - The government acknowledges that freezing tax thresholds will require ordinary people to contribute more [7] - The Office for Budget Responsibility (OBR) productivity downgrade is expected to result in £60 billion less in tax revenue [7] - The government denies that policy measures in the budget impact growth forecasts [8] - The government defends its tax policies as fair and necessary choices in the current circumstances [13] Government Initiatives and Reforms - Planning and Infrastructure Bill is nearing completion [10] - The government highlights the India deal and planning and infrastructure bill as positive for the economy [8] - Changes to Universal Credit are projected to add 15000 people to the workforce [8] - The government is focused on growing the economy through reforms, including pensions and planning [14]