OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, making it the world's largest startup. Current and former OpenAI employees sold about $6.6 billion of stock to investors, a person familiar with the transaction said. That boosted the ChatGPT owner's price tag well past its previous $300 billion level during a SoftBank-led financing round earlier this year. Bloomberg's Manuel Baigorri reports. -------- More on Bloomberg Television and Markets Like this vide ...

With this low prices. There's a lot of oil demand that seems to be vanishing. I mean, there have been they are literally and we don't really know where it's going.Right. And but oil is cheap. And you remember oil averaged $60 a barrel in 2009.We are in 2025. Okay. And again, it was the nominal average.If you you know, if you adjust for inflation. Oil actually pretty cheap is way too pretty was in 2009. So even even I think we averaged 60 I think was in 2006 060.So we have relatively low oil prices compared ...

Video shows youth-led protests in Morocco causing disruption overnight. People are protesting over poor public services and heavy spending on preparations for the 2030 men’s football World Cup. The spending has drawn opposition from many in the country, who see it as lavish in a place where youth unemployment is rampant, health challenges abound and education facilities languish. (Source: Associated Press) -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications ...

市场趋势与行业动态 - 亚洲股市连续第四天上涨，科技股乐观情绪未减，韩国 Kospi 指数上涨超过 3%，创下新纪录[5] - 摩根大通将阿里巴巴目标股价上调 45%，看好其云计算业务和人工智能与电子商务的协同效应[6] - OpenAI 完成了一轮股票出售，估值达到创纪录的 5000 亿美元，成为全球最有价值的初创公司[50][52][53] - 市场对美国政府关门反应平淡，股市普遍上涨[3][16] 投资机会与潜在风险 - 投资者对日本央行本月加息的预期上升，日本国债期货抹去早前涨幅，10 年期国债拍卖需求疲软[7][8] - 伦敦证券交易所首席执行官表示，旗舰市场不出售，并呼吁英国修改养老基金政策，以更好地支持国内公司，建议默认养老金计划将 20-25% 的资金投资于英国资产[30][31] - 英国政府正在考虑免除新上市公司 2-3 年的股票交易印花税，以提振伦敦金融城[37] - 欧洲领导人正在推动一项计划，从被冻结的俄罗斯资产中向乌克兰贷款 1400 亿欧元[2][20] 公司财务表现 - Pai 集团为与雀巢的冰淇淋交易引入新资本，该交易对业务的估值为 150 亿欧元，包括债务，他们正在为该业务筹集 36 亿欧元的股权[9] - 德意志交易所正在考虑退出其在医疗设备部门 71% 的股份，可能会以股息的形式将股份分配给投资者[85][86] - 特斯拉股价在 9 月份上涨了 33%，投资者关注第三季度销售数据[86] 宏观经济 - 美国政府部分关闭，市场关注劳动力市场数据，ADP 数据显示就业市场疲软，强化了美联储降息的预期[4][18] - 70% 的 ADP 报告行业出现负面招聘[18] - 芝加哥联储主席 Austan Goolsbee 表示，政府关门导致缺乏官方经济数据，对政策制定者构成问题[58][59]

Government Shutdown & Market Impact - Investors believe the government shutdown is temporary and are largely ignoring it, focusing instead on positive factors like AI optimism [1][4] - Prediction markets estimate a 48% chance of the shutdown lasting 4-9 days, 29% for 10-29 days, and 17% for over a month [10] - A U S Vice President speculates the shutdown won't be long, potentially creating buying opportunities for U S stocks [4][7] - A previous shutdown in 2018 saw a spike and drop in equities, but current market conditions are stronger [8] Prediction Markets & Robinhood - Robinhood's prediction market business is experiencing rapid growth, with a Piper Sandler report estimating $200 million in annualized revenue [13] - Robinhood is expanding its prediction markets internationally, noting significant interest and strategic planning from other countries [2][11][12] - Prediction markets are viewed as a new source of information, news, and media, not just an investment asset [11] - Robinhood is developing AI tools (Robinhood Cortex/Legend) to assist active traders in creating and back-testing trading strategies [34][35] Tokenization & Crypto - Tokenization is considered a "freight train" that will transform the financial system, with potential for market dominance outside the U S due to less legacy infrastructure [19] - Robinhood launched tokens in the EU and demonstrated tokenization of SpaceX private companies, receiving significant interest from institutions [20] - Real-world assets like real estate, art, and private equity are being considered for tokenization to broaden market access [21][22] - The crypto community believes blockchain will power real-world assets, despite past challenges and the need for regulatory clarity [28][29][30] - One analyst predicts Bitcoin could reach $250,000 by the middle of next year, influenced by macroeconomics and institutional investment [40][43] Stablecoins - Stablecoins are seen as a key entry point to crypto, with Tether and Circle holding 90% of the market [56] - Stablecoins are growing, with optimism for reaching $3 trillion, driven by cross-border transactions and use by financial institutions [59][60] - Stablecoins are increasingly backed by U S Treasuries and money market shares for stability and compliance [61] - There's a trend towards enterprise-grade stablecoin-specific blockchains, incorporating features like immutability and optional reversibility for fraud or mistakes [65][66][67]

All right. Time now for a look at stories that are making headlines in China's domestic media. We're talking about golden week, right.That's a key focus of news outlets reporting. Get this, 23 million passenger trips estimated on the first day of the travel rush to get to our China correspondent Matt Lauer. She's tracking all things go the week, traffic spending patterns, what have you.Give us a flavor of what these preliminary numbers tell us. Yes, Chinese state media has really been highlighting some of t ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greipel taking you through to that closing bell with a global simulcast. It starts now.Carol Massar. They're scrunching up her face, tim Stenovec of it without a tie. Welcome to our audiences across all of our audiences, across all of our platforms, including Carol Massar our partnership with YouTube.Yeah, absolutely. Across all our platforms. You know, I've been keeping an eye on pharmaceuticals, man.They a ...

Market Trends & Sentiment - Despite anxieties around government shutdowns and trade deals, Nvidia and Micron are at record highs, indicating continued allocation to the AI trade [1] - Tech stocks, particularly big tech in the US, remain attractive to investors seeking solid trades [3] - Optimism surrounding potential Federal Reserve rate cuts is supporting the tech sector [3] - There's a pull from the US into tech stocks in Europe, showing encouraging signs for the European tech sector [4][5] Policy & Geopolitics - US administration policy is a central part of how markets are responding and affecting sentiment [7] - The market's response to policy announcements is more relaxed compared to the beginning of the previous administration [8][9] - The US government may proactively seek stakes in sectors and companies, potentially to enhance competitiveness against countries like China [10] - Taiwan rejects a US demand to bring 50% of semiconductor manufacturing into the United States, impacting trade negotiations and the technology sector [6] Valuation & Risk - High valuations are noted, but it's crucial to focus on earnings season and forward guidance [11][12] - The market is considered overstretched in some areas, but a big collapse is not necessarily expected; consolidation is possible [13] - Positive earnings reports in the coming months and further Federal Reserve interest rate cuts could catalyze another leg higher [13]

Your home institution, if I can call it that, of Harvard, is back in the news. I'm not sure it was entirely out of the news, but it's certainly back in the news right now with reports that, in fact, the US government may be about to sign a deal. Give us a sense of how we should look at that deal.What is important in it and what is important for it not to be in it. I don't know what, if any, the deal is going to be. I think what's most important for Harvard, if it makes concessions to the government.Is assur ...

>> THIS IS "BLOOMBERG BUSINESSWEEK DAILY," REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS STAY AHEAD WITH INSIGHT ON THE PEOPLE, COMPANIES, AND TRENDS SHAPING TODAY'S CONFERENCE ECONOMY, PLUS LOCAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESSWEEK DAILY" WITH CAROL MASSAR AND TIM STENOVEC. LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. CAROL: WELCOME TO THE FOURTH QUARTER, EVERYBODY. THIS IS "BLOOMBERG BUSINESSWEEK DAILY" ON THIS FIRST TRADING DAY OF THE ...