Posts filtered by tags: Bloomberg TV[x]


 

Here’s how the US economy could transform under Biden after his appointment of Janet Yellen as Treasury Secretary — starting with sizable stimulus

Former Federal Reserve Chair Janet Yellen. BRENDAN SMIALOWSKI/AFP via Getty Images President-elect Joe Biden's nomination of Janet Yellen to head the Treasury Department offers the clearest look yet at how his administration aims to drive an economic recovery. The former Federal Reserve chair is set to enter the Cabinet as the first woman to run the department and become the first person to lead the Treasury, Fed, and White House Council of Economic Advisers. Here's what Yellen's appointme...
Tags: Labor, Senate, US, Trends, Georgia, Tesla, Joe Biden, Treasury, Janet Yellen, Federal Reserve, Biden, Morgan Stanley, ESG, Lazard, Cabinet, Yellen


Mohamed El-Erian sounds the alarm on brewing bond-market risks that could plunge the most vulnerable companies into bankruptcy

Reuters/Lucy Nicholson Economist Mohamed El-Erian cautioned investors about the risk of rising corporate bankruptcy rates in an interview with Bloomberg TV on Friday.While many investors are ignoring short-term market risks in the hopes that 2021 will be met with a swift vaccine deployment and economic recovery, El-Erian said the time between now and a rollout of the vaccine matters."People have got to be very careful, especially in high-yield credit, and in emerging markets," he said.Visi...
Tags: US, Trends, Investing, Markets, Mohamed El Erian, Vaccine, Bond Market, Morgan Stanley, Goldman, Reuters, Allianz, Bloomberg TV, El Erian, ERIAN, Lucy Nicholson, Mike Wilson


Emirates Sees 2022 Return of Jumbo A380s as Travel Recovers - Bloomberg

Emirates Sees 2022 Return of Jumbo A380s as Travel Recovers - Bloomberg Emirates sees a sharp recovery in demand for air travel next year as coronavirus vaccines are distributed around the world, meaning the carrier’s full fleet of jumbo Airbus SE A380 jets could return to the skies by early 2022.Progress on the production and transportation of inoculations should be evident by the second quarter of next year, President Tim Clark said in an interview with Bloomberg TV on Wednesday. That will lea...
Tags: Travel, Tim Clark, Clark, Bloomberg TV, Rupert Neil Bumfrey, Travel Recovers Bloomberg, Travel Recovers Bloomberg Emirates


Rivian's first batch of electric pickups and SUVs is already sold out as the Amazon-backed EV startup faces production constraints

Rivian has already sold out of its Launch Edition vehicles, the only models it will deliver in 2021. Andi Hedrick/Rivian Rivian opened up the order pages for its R1T pickup and R1S SUV to the public Monday.  The electric-vehicle startup expects manufacturing constraints through the next few years, meaning that most buyers won't receive their vehicles until 2022, Bloomberg reports.  Rivian is accelerating its production ramp-up to meet demand, but launching the R1S, R1T, and an Amazon deliv...
Tags: Amazon, Transportation, News, Trends, Tesla, Bloomberg, Ford, Electric Vehicles, Bloomberg TV, Tech Insider, Electric Pickup, Rivian, RJ Scaringe, Scaringe, Rivian R1T, Rivian R1S


#SaudiArabia Won’t Tap Debt Market Again In 2020, Minister Says - Bloomberg

Saudi Arabia Won’t Tap Debt Market Again In 2020, Minister Says - Bloomberg Saudi Arabia has no plans to tap international debt markets again this year as the kingdom leans on domestic borrowing to cover its budget deficit, Finance Minister Mohammed Al-Jadaan said.“We went to the local market significantly this year, we are likely to go to the market next year,” Al-Jadaan said in an interview with Bloomberg TV on Friday. “There are no plans currently for an international issuance.”The world’s la...
Tags: Travel, Saudi Arabia, Bloomberg, Morgan Stanley, Bloomberg TV, Rupert Neil Bumfrey, Mohammed al Jadaan, Al Jadaan, Bloomberg Saudi Arabia


Goldman Sachs is planning its second round of layoffs in less than 3 months, after initially saying job cuts would resume in 2021

A person familiar with Goldman's plans told Business Insider the bank will make hundreds of cuts. Ramin Talaie/Corbis/Getty Images Goldman Sachs is planning to lay off hundreds of employees — less than 1% of its workforce — Bloomberg reported on Tuesday and Business Insider confirmed. The cuts will be spread across different divisions and office locations and aren't particularly concentrated within specific teams, a person familiar with the bank's plans told Business Insider. Goldman i...
Tags: Trends, Bloomberg, Dallas, Goldman Sachs, Salt Lake City, Goldman, Business Insider, Wells Fargo, Bloomberg TV, David Solomon, Goldman Sachs CFO, Tyler Sonnemaker, Ramin Talaie Corbis Getty Images Goldman Sachs, Goldman Wells Fargo JPMorgan, Business Insider Goldman, HSBC JPMorgan Chase Deutsche Bank


The stock market is vulnerable to sharp sell-offs before an 'unequivocally bullish' 2021, says Morgan Stanley's investment chief

Bloomberg TV After raising his 2021 price target for the S&P 500 to 3,900 on Monday, Mike Wilson is telling investors with a shorter time horizon to stay cautious. In an interview with Bloomberg on Tuesday, Morgan Stanley's chief investment officer said that rising coronavirus case counts and run-off elections may lead to volatility in the next few months.Wilson's team wrote in a note that the S&P 500 could fall up to 12.5% in the near term."We find ourselves at a juxtaposition between the...
Tags: US, Trends, Markets, Bloomberg, Credit Suisse, Morgan Stanley, S&P 500, Cnbc, Wilson, Rbc, Bloomberg TV, Mike Wilson, Jonathan Golub, Stock Market Correction, Investing Strategy, Stock Market Outlook


#Kuwait’s Mezzan Looks for Acquisitions to Sustain Growth - Bloomberg

Kuwait’s Mezzan Looks for Acquisitions to Sustain Growth - Bloomberg Kuwait-based food and beverage firm Mezzan Holding Co. is on the lookout for acquisitions to help sustain double-digit growth, according to its chief executive officer.“We, like everybody else, would be actively on the lookout for the right bolt-on acquisitions,” Garry Walsh told Bloomberg TV in an interview. “We’re obviously more skewed toward manufacturing -- that has been our main driver over the last few years.”Mezzan, one ...
Tags: Travel, Qatar, Bloomberg, Afghanistan, Kuwait, Uae, Gulf, Walsh, Iraq Jordan, Bloomberg TV, Rupert Neil Bumfrey, Garry Walsh, Bloomberg Kuwait, Mezzan Looks for Acquisitions, Mezzan Holding Co, Mezzan


#Dubai Aerospace Plans to Expand Portfolio to 450 Jets in 2021 - Bloomberg

Dubai Aerospace Plans to Expand Portfolio to 450 Jets in 2021 - Bloomberg Dubai Aerospace Enterprise, the Middle East’s biggest plane-leasing firm, plans to expand its portfolio to 450 planes next year even after the coronavirus pandemic weighed down on the company’s profit.“If we do our job correctly in 2021,” 450 is the minimum fleet size that DAE is targeting, Chief Executive Officer Firoz Tarapore said in an interview with Bloomberg TV. The state-owned company currently has 381 planes, and i...
Tags: Travel, Bloomberg, Middle East, Bloomberg TV, Rupert Neil Bumfrey, Tarapore, Firoz Tarapore, Dubai Aerospace Plans, Bloomberg Dubai Aerospace Enterprise


#UAE Gets First Rating From Fitch Ahead of Federal Bond Sale - Bloomberg

UAE Gets First Rating From Fitch Ahead of Federal Bond Sale - Bloomberg The United Arab Emirates was assigned the fourth-highest investment grade at Fitch Ratings as the Gulf nation prepares to issue a federal bond for the first time.The company ranked the sovereign AA- with a stable outlook. It cited moderate consolidated public debt levels, a solid external asset position, and the likelihood of support from the nation’s capital Abu Dhabi if needed. Moody’s Investors Service rates the UAE at Aa...
Tags: Travel, Hong Kong, United Arab Emirates, Abu Dhabi, Uae, Gulf, Fitch Ratings, Fitch, Bloomberg TV, Rupert Neil Bumfrey, Moody 's Investors Service, Jan Friederich, Fitch Ahead of Federal Bond Sale Bloomberg


#Kuwait’s $124 Billion Pension Fund Plans Infrastructure Boost - Bloomberg

Kuwait’s $124 Billion Pension Fund Plans Infrastructure Boost - Bloomberg Kuwait’s $124 billion pension fund, which posted a record first-half profit, plans to double its infrastructure investment and boost exposure to private equity, its director general said.The new plan, developed with U.S.-based consultancy Mercer LLC, will start next year and will “entail increasing infrastructure from 5% to 10% as well as fine tuning some of the other allocations,” Meshal Al-Othman, who heads the Public In...
Tags: Travel, Bloomberg, Kuwait, Bloomberg TV, Rupert Neil Bumfrey, Meshal Al Othman, Public Institution for Social Security, Bloomberg Kuwait, Mercer LLC


Nikola jumps 11% as General Motors confirms partnership talks are ongoing

On the left, Mary Barra, CEO and chairman of GM. On the right, Trevor Milton, founder and former executive chairman of electric truck startup Nikola AP Photo/Paul Sancya; REUTERS/Massimo Pinca General Motors CEO Mary Barra said Thursday that talks with Nikola about a potential partnership deal with are still ongoing.Her comments helped send shares of Nikola up as much as 11% in Thursday trades.GM set a December 3 deadline to strike a deal, after previously postponing its $2 billion partners...
Tags: Trends, General Motors, Bloomberg, Mary Barra, Gm, Barra, Bloomberg TV, Mark Russell, Nikola, Paul Sancya, Hindenburg, Matthew Fox, Trevor Milton, Hindenburg Research, GM Nikola, Nikola AP


Post-election stock rally is an endorsement of a split US government, Evercore co-CEO says

Ralph Schlosstein, the president of Evercore. Bloomberg The stock market's post-election rally is an "endorsement of divided government" despite stifled odds of a front-loaded stimulus deal, Ralph Schlosstein, co-CEO of Evercore, said Wednesday.While neither presidential candidate has reached the threshold for victory just yet, congressional race outcomes signal Republicans will keep control of the Senate.A split government stymies hopes for a massive fiscal relief bill, but it also cuts in...
Tags: Senate, US, Trends, Democrats, House, Mitch McConnell, Republican, Biden, Morgan Stanley, Trump, Bloomberg TV, Evercore, Congress Both, Ben Winck, Ralph Schlosstein, Schlosstein


Wednesday's massive stock rally is an endorsement of a split US government, Evercore co-CEO says

Ralph Schlosstein, the president of Evercore. Bloomberg The stock market's Wednesday rally is an "endorsement of divided government" despite stifled odds of a front-loaded stimulus deal, Ralph Schlosstein, co-CEO of Evercore, said Wednesday.While neither presidential candidate has reached the threshold for victory just yet, congressional race outcomes signal Republicans will keep control of the Senate.A split government stymies hopes for a massive fiscal relief bill, but it also cuts into D...
Tags: Senate, US, Trends, Democrats, House, Mitch McConnell, Republican, Biden, Morgan Stanley, Trump, Bloomberg TV, Evercore, Congress Both, Ben Winck, Ralph Schlosstein, Schlosstein


#Dubai’s Peak Power Demand Rises in Sign of Economic Recovery - Bloomberg

Dubai’s Peak Power Demand Rises in Sign of Economic Recovery - Bloomberg Demand for power in Dubai has risen from last year, according to the head of the emirate’s state-owned utility, a possible sign the economy is recovering from the coronavirus pandemic.Dubai’s summertime peak electricity load rose by 6%, or roughly 500 megawatts, from 2019, Saeed Al Tayer, the chief executive officer of Dubai Electricity and Water Authority, said in an interview with Bloomberg TV.“We are actually very optimi...
Tags: Travel, Middle East, United Arab Emirates, Dubai, Dubai Electricity and Water Authority, Bloomberg TV, Rupert Neil Bumfrey, Al Tayer, Sign of Economic Recovery Bloomberg, Sign of Economic Recovery Bloomberg Demand, Saeed Al Tayer


Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says

Billionaire investor Michael Novogratz. Jamie McCarthy/Getty Images for Hudson River Park Bitcoin is a store of value, like "digital gold," and will unlikely be used as traditional currency for the next five years, the former Goldman Sachs partner and hedge fund manager Mike Novogratz told Bloomberg.The Bitcoin bull expects the digital currency's price to keep rising as more people pile into the idea of adding it to their portfolios.He expects several banks and credit-card companies to catc...
Tags: US, Trends, Bloomberg, Paypal, Bitcoin, American Express, Goldman Sachs, Goldman, Fed, Bloomberg TV, Mike Novogratz, Novogratz, Shalini Nagarajan, Michael Novogratz Jamie McCarthy Getty, Hudson River Park Bitcoin, CoinMarketCap com Bitcoin


Nikola surges 13% after GM president reiterates confidence in partnership plans

Nikola Badger. Nikola Nikola leaped as much as 13% on Wednesday after General Motors President Mark Reuss said he still sees a path forward for a partnership between the two automakers.Appearing on Bloomberg TV and in interviews aired Wednesday, Reuss said the companies are moving forward in completing a $2 billion deal.A deal hasn't been finalized, he added, but the automakers have until December 3 to reach an agreement.Nikola tumbled on Friday after its CEO said it had a strategy ready ...
Tags: Cars, Trends, General Motors, Markets, Paypal, Electric Vehicles, Gm, Automotive Industry, Goldman Sachs, EVs, Cnbc, Milton, Mark Reuss, Jim Rogers, Bloomberg TV, Nikola


Mitch McConnell reportedly told the White House to refrain from striking a stimulus deal before the election

Alex Wong/Getty Images McConnell has reportedly told the White House to refrain from striking a stimulus deal before the election, The Washington Post reported. The Senate majority leader said he thought a stimulus agreement would complicate the GOP's efforts to confirm Amy Coney Barrett to the Supreme Court next week. Many Republicans are reluctant to support a relief bill with a likely price tag ranging from nearly $1.9 trillion to $2.2 trillion. Visit Business Insider's homepage for mo...
Tags: Politics, Supreme Court, Republicans, Washington Post, Kentucky, Senate, White House, Trends, Markets, Economy, Policy, Democrats, Gop, House, Treasury, Mitch McConnell


Nancy Pelosi walks back the Tuesday deadline she set for a stimulus deal with the White House

House Speaker Nancy Pelosi. Chip Somodevilla/Getty Images House Speaker Nancy Pelosi on Tuesday appeared to walk back a deadline she'd set to broker a stimulus deal with the White House. "It isn't that this day is the day we would have a deal," she said in a Bloomberg TV interview. "It's a day when we would have our terms on the table to be able to go to the next step." Negotiations are ongoing, but many Senate Republicans are reluctant to support a multitrillion-dollar stimulus agreement ...
Tags: Politics, Republicans, Congress, California, Senate, White House, Trends, Markets, Economy, Policy, Democrats, House, Treasury, Senate Appropriations Committee, Fox News, Capitol Hill


Nancy Pelosi walks back the Tuesday deadline she previously set for a stimulus deal with the White House

Chip Somodevilla/Getty Images Nancy Pelosi appeared to walk back a stimulus deadline she set to broker a deal with the White House. "It isn't that this day is the day we would have a deal," she said in a Bloomberg TV interview. "It's a day when we would have our terms on the table to be able to go to the next step." Negotiations are ongoing, but many Senate Republicans are reluctant to support a multitrillion-dollar stimulus agreement that's taking shape between the White House and Democr...
Tags: Politics, Republicans, Congress, California, Senate, White House, Trends, Markets, Economy, Policy, Democrats, House, Treasury, Senate Appropriations Committee, Fox News, Capitol Hill


SCOTT GALLOWAY: Here's why Airbnb is the most valuable private company in America — and why you should expect it to take off at this time next year

Inside the Airbnb office headquarters in the SOMA district of San Francisco. Reuters Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is his recent blog post and video, republished with permission. It originally ran on his blog, "No Mercy / No Malice." In the years since it's founding in 2008, Airbnb has amassed more listings worldwide than major hotel companies like Hyatt, Hilton, and Marriott have combined. Airbnb isn't a hotel company or SaaS...
Tags: Google, Amazon, Australia, Opinion, US, America, San Francisco, Trends, Brooklyn, Marriott, Qantas, Airbnb, Soma, Muhammad Ali, Stock Market, Ali


Failure to provide more fiscal stimulus is a 'significant mistake' that could cause more businesses to fail, Moody's chief economist says

Mark Zandi, chief economist of Moody's Analytics, speaks at the Reuters Real Estate and Infrastructure Summit in New York June 20, 2011. Zandi says the United States is "nowhere near" a housing market recovery, but he can nonetheless see a light at the end of the tunnel. REUTERS/Brendan McDermid Moody's Analytics' chief economist Mark Zandi told Bloomberg TV on Tuesday the fiscal gridlock in Washington is a "significant mistake.""The longer we wait to provide that additional support th...
Tags: Europe, UK, New York, Congress, Washington, White House, US, Trends, Markets, Spain, Economy, United States, House, Goldman Sachs, PPP, Stimulus


10 things you need to know before the opening bell

New York Stock Exchange opens during COVID-19 Reuters Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Here's what you need to know before markets open.1. A Wall Street chief strategist says US lawmakers need a deal on fiscal aid - even a small one will help save consumer spending. US lawmakers need to decide on a fiscal stimulus package, even if it is a smaller one, to prop up consumer spending, particularly going into the holiday sho...
Tags: Facebook, Washington, Global, US, Trends, Bloomberg, Goldman Sachs, New York Stock Exchange, Morgan Stanley, Cnbc, UnitedHealth, Moody, Bloomberg TV, Mark Zandi, Moody s Analytics, Balyasny Asset Management


U.S. airline aid up in the air as pandemic relief talks resume

U.S. House Speaker Nancy Pelosi told reporters there would be no standalone aid without a comprehensive COVID-19 relief bill, but later left the door open to some kind of deal in comments to Bloomberg TV. "Ain't going to be no standalone bill, unless there is a bigger bill," Pelosi told reporters.
Tags: News, Nancy Pelosi, Pelosi, U S House, Bloomberg TV


Want New Product From Bugatti? Forget About it, Says CEO

There have been some turbulent times at Bugatti in the second half of 2020. In addition to wearing a For Sale sign over at Volkswagen’s headquarters, the company is discovering that The Current Year just might not be the best time to create a new and super-exclusive hypercar. So it isn’t. Speaking to Bloomberg TV yesterday, Bugatti CEO […] The post Want New Product From Bugatti? Forget About it, Says CEO appeared first on The Truth About Cars.
Tags: Autos, Volkswagen, Bugatti, Bloomberg TV


House Democrats pass their $2.2 trillion stimulus plan which includes $600 federal unemployment benefits and direct payments

House Speaker Nancy Pelosi Tom Williams/CQ-Roll Call, Inc via Getty Images Democrats passed a $2.2 trillion stimulus plan that contained another round of direct payments, federal unemployment benefits, and small business aid. But Republicans are likely to reject the package in the Senate. The Trump administration put forward a $1.6 trillion plan in negotiations with Democrats, but they rebuffed it as insufficient. Bipartisan talks between House Speaker Nancy Pelosi and Treasury Secretary S...
Tags: Politics, Republicans, Congress, Senate, White House, Virginia, Disney, US, Trends, Markets, Economy, Policy, Democrats, Gop, House, Treasury


A top House Republican criticized the $400 weekly federal unemployment benefit in the White House stimulus plan, saying the GOP doesn't want 'wasteful spending'

Republican Rep. Kevin Brady of Texas on Capitol Hill. Andrew Harnik/AP Photo Rep, Kevin Brady criticized elements of the White House plan, including a $400 federal unemployment benefit. "The worry is: 'How much wasteful spending will we have to swallow to do this?" Brady said in a Fox Business interview. Brady, the top Republican on the House Ways & Means Committee, expressed concern that a $400 federal unemployment benefit disincentivizes work. Numerous studies indicate an earlier $600 fe...
Tags: Politics, Texas, Congress, California, Senate, White House, Trends, Markets, Economy, Policy, Gop, House, House Of Representatives, Treasury, Nancy Pelosi, Donald Trump


Nancy Pelosi blasts the White House's $1.6 trillion stimulus plan, saying it's not even 'half a loaf'

House Speaker Nancy Pelosi speaks during a press conference on Capitol Hill in Washington, DC on August 13, 2020. Shen/Xinhua via Getty Images Pelosi blasted the White House's $1.6 trillion spending plan and said it wasn't even "half a loaf." "What they're offering is the heel of the loaf," Pelosi said in a Bloomberg TV interview. The hefty price tag from the White House could be a gamble, given many Senate Republicans oppose spending large sums of federal money that could swell the nation...
Tags: Politics, Republicans, Congress, California, Senate, White House, Trends, Markets, Economy, Getty Images, Policy, Democrats, Gop, Washington Dc, House, Treasury


Saudi Arabia Is ‘Assessing All Options’ to Stimulate Economy - Bloomberg

Saudi Arabia Is ‘Assessing All Options’ to Stimulate Economy - Bloomberg:Saudi Arabia is “assessing all the options” to boost its economy after taking painful measures to offset a sharp decline in oil revenue and deep economic contraction caused by restrictions to halt the spread of the coronavirus, the kingdom’s commerce minister said.“The impact of oil prices has affected Saudi Arabia’s revenue and like any other country we have to adjust,” Commerce Minister Majid Al-Qasabi told Bloomberg TV i...
Tags: Travel, Saudi Arabia, Bloomberg TV, Rupert Neil Bumfrey, Mohammed al Jadaan, Majid Al Qasabi, Stimulate Economy Bloomberg


Fed's Kaplan says 'excess risk-taking' in market can harm financial system during recovery

Dallas Federal Reserve Bank President Robert Kaplan poses at a luncheon in El Paso, Texas, U.S., October 2, 2018. Ann Saphir/Reuters Federal Reserve Bank of Dallas President Robert Kaplan raised concerns on Monday that the central bank's more detailed forward guidance will encourage risk-taking in markets.The Federal Open Market Committee indicated last week it won't lift rates from their near-zero range until maximum employment and average inflation of 2% are achieved.The stricter guidance...
Tags: US, Trends, Bloomberg, Federal Reserve, FOMC, Fed, Kaplan, Bloomberg TV, El Paso Texas, Nikola, Neel Kashkari, Robert Kaplan, Federal Reserve Bank of Dallas, Federal Open Market Committee, Federal Reserve Bank of Minneapolis, Trevor Milton