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It's Natural for Saudi Arabia to Invest in US, Al-Falih Says
Bloomberg Television· 2025-11-19 20:48
Investment & Economic Growth - Saudi Arabia's economy is one of the most dynamic and fastest-growing in the G20, offering American companies profitable and reasonably low-risk investment opportunities [5] - Foreign Direct Investment (FDI) flows into Saudi Arabia have quadrupled since Vision 2030 was launched in 2016, and the FDI stock has doubled in the last ten years [9] - 90% of recent FDI flows into Saudi Arabia are not related to oil, but are in sectors like tourism, technology, cloud, AI, healthcare, and biotech [10] - Saudi Arabia has invested trillions of dollars abroad in the last 8 to 9 years, and many investors are finding Saudi Arabia the best place to invest, leading to repatriation of some of those stocks [13] US-Saudi Investment Relationship - The US economy is the largest, and its capital markets are the deepest, making it a natural destination for Saudi Arabian investment [2][3] - Saudi Arabia is looking at the US for the majority of its future and current investment, driven by free cash flow from government, PIF companies, and Aramco [4] - The scale of the US and Saudi economies makes their investment relationship mutually beneficial [6] Saudi Arabia's Economic Diversification - Saudi Arabia is modernizing, diversifying, and turbocharging its economy away from oil, focusing on sectors where the US is a global leader, such as tech, AI, healthcare, and biotechnology [3] - Vision 2030 aims to decouple the Saudi Arabian economy from its strong correlation with oil prices, with the private sector becoming the primary investor [9] Oil Market Dynamics - Oil markets are highly cyclical, and after every downturn, there is a period of tightness due to demand and throttled investment [7][8] - Investments in the Kingdom are no longer 100% correlated with government spending, which is a function of short-term revenues from oil [8] Saudi-China Relationship - China remains Saudi Arabia's largest trade partner, with bilateral trade equivalent to the next four or five G7 countries [14] - Saudi Arabia is attracting Chinese FDI, although it is not yet at the level of US investment [16] - Saudi Arabia invests in China, particularly in processing hydrocarbons and in sectors where China is a global leader, such as renewables [16][17]
Fed Minutes Show ‘Many’ Saw December Cut as Likely Not Appropriate
Bloomberg Television· 2025-11-19 20:26
Inflation Outlook - The Fed was divided on whether inflation would rise too high [1] - Some members noted inflation had been above target for some time with little sign of returning [2] - Concerns existed regarding persistent core non-housing services inflation and tariff-related inflation in core goods [2] - Businesses planned to raise prices gradually in response to higher tariff-related input costs [2] - Productivity gains might limit the pass-through of tariff costs [3] Economic Activity & Labor Market - The economy was expanding at a moderate pace and the unemployment rate remained low [1] - A few members thought the softening labor market and changes in immigration would keep prices in check [3] - Elevated risks to the labor market were observed, particularly for groups historically more sensitive to economic cycles [3][4] - Divergence existed between subdued job growth and relatively strong GDP [4] - Trade tensions could weigh on economic activity [4] Monetary Policy - Many participants favored lowering the target range for the federal funds rate [4] - Strongly differing views existed regarding the appropriate policy decision at the December meeting [5] - The minutes confirm the Fed was divided and uncertain about the economic outlook [6]
Trump Says ABC Should Lose Its Broadcast License
Bloomberg Television· 2025-11-19 20:23
I think the licence should be taken away from ABC because your news is so fake and it's so wrong. And we have a great commissioner, the chairman, who should look at that, because I think when you come in and when you're 97% negative to Trump and then Trump wins the election in a landslide, that means obviously your news is not credible and you're not credible as a reporter. ...
Trump on Powell: 'I'd Love to Fire His Ass'
Bloomberg Television· 2025-11-19 19:03
Mortgage rates are down despite the Fed. I mean, you got you got to work on this guy. He's got some real mental problems and here's something wrong with him.It's just sweet. I'll be honest. I'd love to fire his ass.He should be fine. Guy's grossly incompetent, and he should be sued for spending $4 billion to build a little building. I'm building a ballroom that's going to cost a tiny fraction of that, and it's bigger than the whole thing put together.You got to work at him, Scott. The only thing Scott's blo ...
NEC Director Hassett says prices may not yet be under control #shorts #inflation #fed #economy
Bloomberg Television· 2025-11-19 18:13
Do you think right now inflation expectations are anchored. >> No. I I don't think that they I I know that the Fed wants them to be appropriately so, but I think that we lost control of inflation in recent memory and it's more under control now, maybe not all the way there.And so uh you know I think that people would be right to worry well well suppose that the policy mix that we saw um you know postcoid uh in the US economy were the policy mix that came back um I don't think President Trump would do that b ...
BLS Scraps October Jobs Report on Lack of Household Data
Bloomberg Television· 2025-11-19 18:06
How much of a surprise is this. We knew that there was going to be parts of the report that were missing. But to just wholesale cancel the October jobs report, it is a little bit of a surprise, especially because businesses are able to keep their records, how many folks were on their payrolls.And so when you ask businesses how many people were on your payrolls for the week that included the 12th of the month, they should have paystubs, they should have our records. It should be relatively easy to retrieve t ...
Nokia CEO Is Banking on a Boom in AI
Bloomberg Television· 2025-11-19 16:12
THAT WE CAN DEPLOY AI COMPUTING SERVICES ON TOP OF. IT WILL BE COMPLETELY REVOLUTIONARY. JONATHAN: NOKIA ANNOUNCING A NEW PLANE TO STREAMLINE ITS BUSINESS WITH A FOCUS ON AI.THE CEO JUSTIN HOTARD SANK NOKIA CHANGED THE WORLD BY CONNECTING PEOPLE AND WILL BEGIN BY CONNECTING INTELLIGENCE. JUSTIN HOTARD JOINS US FOR MORE. JUSTIN: GREAT TO SEE YOU.JONATHAN: OUR GENERATION KNOWS YOUR COMPANY WELL. HANDSETS. WHAT DO YOU WANT IT TO BE IN THE NEXT FEW YEARS.JUSTIN: I WANTED TO BE A COMPANY THAT IS KNOWN FOR CONNEC ...
Nvidia Earnings to Give Markets a View of Billions Spent on AI
Bloomberg Television· 2025-11-19 15:34
Just walk us through what we expect in terms of the reporting quarter and in terms of the outlook. Yeah. So in terms of the quarter, they're reporting that Q3, the market's looking for revenues of about $55 billion.So that will be up about 57% year on year and EPS of about $1.25%, $1.26%. I think more importantly, looking to that Q4, the outlet that will give the markets looking for them to kind of guide to around $62 billion. So that would be on revenue. That would be up about 58% year on year.So kind of k ...
Trump Says He Will Formally Designate Saudi Arabia As A Major Non-NATO Ally
Bloomberg Television· 2025-11-19 15:33
In terms of safety. Saudi Arabia has never been as safe as it is right now. You always had a little cloud over your head and sometimes that cloud was very big.That cloud is not there anymore and we want to keep it that way. So that's why tonight, I'm pleased to announce that we're taking our military cooperation to even greater heights by formally designating Saudi Arabia as a major non-NATO ally, which is something that is very important to them. And I'm just telling you now for the first time, because the ...
What Trump’s America First Policies Mean For Asia
Bloomberg Television· 2025-11-19 15:33
Make America great again. >> Donald Trump's attempt to make [music] America great again could cost it its influence here in Asia, the world's fastest growing region. Bloomberg Economics says Asia is set to comprise almost 60% of the global economy by 2050.[music] That's compared to just 11% for the US when measured in so-called purchasing power parity terms. And faced with Trump's belligerent tariffs, Asian nations are finding ways to work together to get around his America first policies. Longtime rivals l ...