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Markets in 3 Minutes: US Consumer Indicators Crumbling on Cue

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Mark Cudmore and Tom Mackenzie break down today’s key themes analysts and investors on “Bloomberg Markets Today.”
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5 Comments

5 Comments

  1. @JamieJeff-in9qo

    December 10, 2023 at 4:02 pm

    Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

  2. @xxyyzz8464

    December 10, 2023 at 4:02 pm

    Who is this 🤡? U.S. consumers just broke every record for Christmas shopping season spending on an inflation-adjusted basis and he’s calling for a recession in December? Sure, there is a possibility of recession soon, but not this month. Give it up already. You call was wrong.

  3. @LawrenceBrain-jk8lr

    December 10, 2023 at 4:02 pm

    Great video, It's no longer a story that the world is experiencing a global economic downturn, I'm so happy that I've been receiving $64,000 from my $15,000 investment every 14 days

  4. @ThePokersurfer

    December 10, 2023 at 4:02 pm

    Honestly I remember Covid time and this guy was saying sub SPX 2200 like most analysts on TV and I never took him seriously ever again ……

  5. @2023gainer

    December 10, 2023 at 4:02 pm

    The AI sector Soars even higher today. * SOUN… 25 % Gains month.. SoundHound. Now 220 Institutional Investors. Voice AI tech showing rapid revenue growth in 2023. 52 % increase in 3rd qt over 2nd qt 2023.

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AI May Not Solve Demographic Decline

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Martha Gimbel, executive director and cofounder of the Budget Lab at Yale University, says artificial intelligence is unlikely to offset the economic challenges of an aging population, arguing the US is confronting two major transitions at the same time rather than one solving the other. She says AI could improve productivity in some areas, particularly by helping caregivers with physically demanding tasks, but questions whether consumers will embrace automation in roles where human interaction remains essential.
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Chipotle CEO on expanding into Mexico

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“We believe Mexico is a really important milestone for our great brand as we continue to lean into our global strategy. It’s an important country for us, we recognize and admire the culinary heritage that is a part of the Mexican culture,” says Chipotle Mexican Grill CEO Scott Boatwright on the chain’s global expansion https://bloom.bg/4wKJnvc

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Delta Will Do Just Fine With High Fuel Prices, CEO Says

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Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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Why some investors are wary of SpaceX stock #shorts #spacex #elonmusk #investing

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After SpaceX’s record-setting IPO, some investors like Danish pension fund AkademikerPension have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give founders https://bloom.bg/3EMZYZX

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Hungary Approves Legislation to Remove President, Orban Allies

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Hungary’s parliamentary vote to amend the constitution crowns a frenetic period of legislative activity since Prime Minister Peter Magyar pledged to reincarnate democracy in the country. The result removed the president, set a limit of three parliamentary terms for legislators and sent allies of former PM Viktor Orban in top courts into retirement. Bloomberg’s Zoltan Simon reports.
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