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How Trump Is Helping China, Brazil and BRICS
Bloomberg Originals· 2025-07-04 08:00
Geopolitical Landscape - The report highlights the decline of US influence and the rise of China, exemplified by Ford's abandonment of a plant in Brazil and BYD's subsequent modernization to produce electric cars [1] - BRICS aims to rival the US-led G7, advocating for a multipolar world with multiple centers of geopolitical influence [2][3] - The trade war initiated by the US has inadvertently strengthened solidarity among BRICS nations, positioning them as a counterforce [2] - Russia's interest in expanding BRICS membership is partly driven by its desire to offset diplomatic isolation following 2022 [8] Economic Growth and Influence - BRICS surpassed the G7 in global GDP (by purchasing power parity) in 2019, and with the expanded lineup, its share is nearly 40% [7] - Trade among the original five BRICS members rose 40% to over 700 billion from 2021 to 2024, partly due to sanctions imposed on Russia [9] - China's influence within BRICS is significant, using the bloc to enhance its economic and political power globally [10][11] Challenges and Opportunities - Trade relationships within BRICS are less developed compared to blocs like the EU, as BRICS is not a formal trading bloc [13] - Tensions among BRICS members hinder the formation of a completely united front, although the New Development Bank represents a successful collaborative effort [14] - BRICS countries support reduced trade in US dollars to diminish Western economic dominance [10]
Celebrity Lawyer Alex Spiro on Defending Jay-Z
Bloomberg Originals· 2025-07-03 18:00
The victory you got for Jay-Z seemed like classic you. You got the case dismissed. You're coming back with a defamation suit.You called the accuser's lawyer a 1800 lawyer. Why were you so aggressive in defending him. Cuz he was completely innocent and because I felt that the system was being weaponized in an improper way.And what does that tell you about the system. The system is very broken. It's probably, you know, we spend so much time talking about other things, but it is one of the original problems in ...
Mellody Hobson: 'Capitalism Is the Best System'
Bloomberg Originals· 2025-07-03 16:01
It feels like after 2008 in particular that you have a kind of an American public who look at the world of finance and say money was only made for specific people. Well, I don't agree with that. So, first and foremost, I am a capitalist.The capitalist system is the best system in the world. As people challenge it, I'm always saying to them, give me a better system. That is not a system that I would tear down.And I think that is what makes dreams come true in this country. 2008 was a traumatic experience cer ...
Inside Brazil’s Biggest Bank Heist
Bloomberg Originals· 2025-07-03 14:39
Eu eu notei que um carro tava descendo na contramão, eu achei estranho. Aí de repente ele parou no cruzamento do Dré e desceu quatro quatro pessoas ali e fuzil gigantesco. Da início, o cara já veio e já chamou a gente e ficar tudo ali, tirar a camisa e ficar na esquina parado.E ali começou o terror. Daí muitos tiros, muitos tiros, muito bagulho de bomba. A cidade nesse momento ela ainda continua sitiada.É um assalto de grandes proporções. Bandidos eh muito bem preparados. Quando eles explodiram o cofre, daí ...
The Lawyer Behind Elon Musk, Jay-Z and Megan Thee Stallion | The Circuit
Bloomberg Originals· 2025-07-03 12:00
- Hello. So we are in Miami. We're interviewing a hotshot lawyer today.He represents Elon, Jay-Z, Megan Thee Stallion, Alec Baldwin, and he is sort of part lawyer, part deal maker, part fixer. And this is a guy who asks tough questions for a living. So he interrogates other people, and I'm gonna interrogate him, so hopefully he can take it.- The only thing I'm gonna say is the jury got this right. - What you think of Alex Spiro probably depends on what you think of his clients, some of whom are, let's just ...
Kyla Scanlon on Saving vs. Investing
Bloomberg Originals· 2025-07-02 16:00
Investment Strategy - Consistent investment is key, exemplified by a strategy of investing $50 every month into the S&P, with potential for increased allocation [1] - Long-term investment horizons are crucial for success, outweighing short-term market volatility [2] Financial Literacy & Freedom - Financial literacy is defined as understanding the financial system to achieve financial freedom [1] - Financial freedom involves saving, investing, setting goals, and considering one's job [1] Market Sentiment - Despite negative news flow, learning to invest is worthwhile [2] - Overcoming fear and nihilism is essential for successful investing [2]
Elon Musk's Lawyer on the Twitter Takeover
Bloomberg Originals· 2025-07-02 14:01
the Twitter takeover. That one got real messy. You were in the trenches.What worked. What didn't work. Well, his decision to acquire the company obviously worked.He is glad he bought it. And Elon is very much experimenting as he goes and that's part of his genius. And so it may at moments look, as you put it, messy, but this is what the great experimenters have always done.What about the method. Like, you know, there was this report that you guys were yelling at each other in a conference room. How does som ...
Brazil's Biggest Bank Heist and the Mafia Behind It | Bloomberg Investigates
Bloomberg Originals· 2025-07-02 13:01
- Take one. - The problem is enormous. Sprawling favelas are controlled by drug gangs and shootouts occur every day.- This is the aftermath of a large scale police raid on a favelas Most of the victims are accused of being gang members. Police say they robbed banks, stole cars, and were planning attacks. - As much as the PCC is a Robin Hood to some, they are brutal and violent to others.But as the events have shown, no one can control them. ...
Why Mellody Hobson Invests Using a Contrarian Mindset
Bloomberg Originals· 2025-07-01 18:00
When you think there's only one way, things often move in the other direction. Our contrarian point of view is not contrary for contrary sake. Our contrarian point of view is really based upon the fact that if you want to make money, you have to do things that other people don't do.If you buy the same stocks as everyone else, as the old saying goes, you get the same results, right. I feel like people look at a stock go up and then they say, "I want to buy it." But then they don't realize the stock has alrea ...
Meet the Powerhouse Lawyer Behind Elon Musk
Bloomberg Originals· 2025-07-01 16:01
Hi, how are you. I'm good. I'm in Miami living the life. Yeah, horse shooting in Miami.It's Alex Spyro. Part lawyer, part deal maker, part fixer. He represents Elon, Jay-Z, Megan the Stallion, Alec Baldwin, Mr.. Beast. But then we're also supposed to be meeting Tom Brady. I have no idea what's going to happen.Six Degrees of Tom Brady. Hola, how is everyone. What are the top three moves in the Alex Spyro playbook.Well, nobody can know that, but I mean, the number one rule is that no one should ever know what ...