Group 1: Tariffs and Market Sentiment - Trump's threat to impose 100% tariffs has caused market volatility, with a potential effective date of November 1, indicating a strategic use of tariffs as a bargaining tool for a final deal [1] - The current effective tariff rate is lower than expected, with August's realized tariff at approximately 9.3%, suggesting that the impact on consumer spending may be manageable rather than catastrophic [4] Group 2: Economic Indicators and Federal Reserve Policy - The Federal Reserve is expected to cut rates at the October 29 meeting, influenced by the government shutdown and tariff situation, with market pricing leaning towards easing [3] - The delayed release of the September CPI data may affect the Fed's decision-making, but favorable numbers are anticipated [3] Group 3: Consumer Behavior and AI Spending - Prolonged government shutdown risks souring consumer sentiment, with only a 52% chance of resolution by the end of October, potentially leading to reduced spending [2] - Despite concerns, AI capital expenditures are strong and steady, providing a counterbalance to other economic uncertainties [2] Group 4: Credit Market Dynamics - Increased chatter in the credit market indicates potential issues in private credit, but high-yield spreads remain stable, suggesting that current concerns may be idiosyncratic rather than systemic [5] Group 5: Gold and Cryptocurrency Trends - Gold's price surge towards $4,000 is attributed to central bank buying and momentum flows, while Bitcoin's volatility indicates it is not yet a reliable hedge asset [6] - A recommendation for investors is to maintain a small allocation in gold or a mix of gold and major cryptocurrencies, while equities should remain the primary investment focus [7]

Group 1 - Apollo Global Management, Inc. (NYSE: APO) has underperformed in the past year, losing approximately 13% of its value [1] - Despite strong asset market performance that typically benefits private equity valuations, there are ongoing concerns affecting the company's stock [1]

~62% of all tokenized assets are on @ethereum.Data includes tokenized currencies, commodities, treasuries, private credit, private equity, and venture capital. https://t.co/3lUQT86MbC ...

Core Insights - The collapse of First Brands Group highlights increasing risks in the private credit market and its potential impact on the UK's financial system [1] - The bankruptcy of First Brands and Tricolor raises concerns over opaque lending structures in the US auto sector [2] Company Overview - First Brands Group, a US auto parts manufacturer, filed for Chapter 11 bankruptcy with liabilities exceeding $10 billion [2] - The company's downfall was attributed to off-balance-sheet financing practices that obscured the true extent of its debt [3][4] Industry Context - The private credit market has expanded significantly since the 2008 financial crisis, now comparable in size to the entire UK GDP [6] - Private credit funds, which lend directly to companies outside the regulated banking system, manage over $2 trillion globally [7] - The situation with First Brands has drawn parallels to previous financial collapses, such as Greensill Capital and Carillion, indicating systemic vulnerabilities in the financial market [5][6]

I read an article that you an opinion piece that you wrote talking about the risk perception of Africa compared to developed markets. I thought it was quite interesting the point you point out there. Can you just share your argument with us.Sure. Firstly, glad to be here. You know, quick anecdote, right.So if you look at what's going on globally today, is there more political risk in Africa than there is in the U.S.. Is there more political certainty. Are people clear on what is likely to happen.Africa vers ...

THIS IS "BLOOMBERG TECH SCARLETT FROM NEW YORK CITY FOR OUR VIEWERS WORLDWIDE, I AM SCARLET FU. "BLOOMBERG REAL YIELD" STARTS NOW. ♪ COMING UP, THE U.S. GOVERNMENT SHUTDOWN ENTERS 10 DAY TODAY WITH NO FURNITURE INSIDE.-=-- END IN SIGHT. TARIFF CONCERNS RENTAL MARKET-- RATTLES MARKETS. AND REVEALING CRACKS IN CREDIT.WE ARE GOING TO GET DOUBLELINE CAPITAL'S TAKE ON WHAT THIS SIGNALS IN JUST A MOMENT. FIRST WE BEGIN WITH A BIG ISSUE, LACK OF OFFICIAL ECONOMIC DATA CUTTING THE ECONOMIC PICTURE. >> THE SHUTDOWN, ...

Core Insights - The article discusses the author's background in value investing and experience in private credit and commercial real estate (CRE) mezzanine financing, highlighting a focus on classical value ratios for portfolio selection [1] Group 1: Author's Background - The author has a full-time commitment to value investing and writing, with a previous career in private credit and CRE mezzanine financing for a family office [1] - The author is fluent in Mandarin and has experience as a court interpreter, indicating strong communication skills in business and legal settings [1] - The author has collaborated with prominent CRE developers such as The Witkoff Group, Kushner Companies, Durst Organization, and Fortress Investment Group, showcasing a robust professional network in the industry [1]

Welcome back. While a traditional 60/40 portfolio of stocks and bonds has been one one of the most widespread investing strategies for decades, millennials are opting for a different approach. Leslie Picker here is here to tell us what that approach is.Leslie. Yeah, David. Apparently, stocks and bonds are for boomers.Millennials are way more invested in alternatives than the older cohorts. The generation with birthdays between 1981 and 1996 has about 20% of their portfolios allocated to alts areas like priv ...

Blackstone's Clarion is in talks to borrow about $1.5 billion from private credit lenders that will be used to fund a dividend and refinance existing debt https://t.co/e0d834DqCc ...

Core Insights - Blackstone Inc. has appointed Apurva Shah to a key position in its private credit and insurance business in India to address the growing demand for credit in the country [1][2] Company Developments - Shah is the first hire for credit in India and will report to Mark Glengarry, head of Asia Pacific private credit strategies at Blackstone Credit & Insurance (BXCI) [2] - Under Glengarry's leadership, the BXCI team has doubled in size over the past three years, expanding its presence to Hong Kong, Japan, Australia, and Singapore [4] Market Context - Global funds have regained a dominant position in India's private credit market, accounting for 68% of the $9 billion in private credit deals recorded in the first half of the year [5] - BXCI currently manages $484 billion in assets, reflecting a threefold increase since 2020 [4]