Business
Online Spending on Black Friday Sets New Record
Black Friday shoppers spent a record $9.8 billion online in the US, Adobe Analytics reported, offering a positive sign for retailers facing lackluster sales forecasts for the holiday season. Demand for electronics, smartwatches, TVs and audio equipment helped boost the day’s online sales by 7.5% compared with last year. Bloomberg’s Charlie Wells reports.
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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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Nasdaq President Nelson Griggs says the record-breaking SK Hynix ADR listing is already attracting looks from more foreign companies that may consider US listings. He says JPMorgan Chase struck the right balance on the SK Hynix pricing. Griggs speaks to Bloomberg’s Ed Ludlow in New York at the Nasdaq.
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Business
Trump making “major mistake” with Nvidia chips to China, says Burns #shorts #china #nvidia #ai
Former US Ambassador to China Nicholas Burns tells David Gura President Trump is “making a major mistake” by allowing Nvidia to sell its products to one of the US’s biggest rivals, China https://bloom.bg/3SQPXSd
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Rep. Michael McCaul says Ukraine is gaining momentum on the battlefield but urgently needs more Patriot interceptors and stronger air defenses to counter Russia’s escalating missile attacks. He urges deeper US-Ukraine defense cooperation, including licensed Patriot production and joint drone development, while arguing sustained military pressure offers the best path to negotiations with Russia.
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Nuveen Head of Fixed Income Strategy Tony Rodriguez, State Street Global Head of Gold Strategy Aakash Doshi, Coresight Research Founder & CEO Deborah Weinswig, Principal Venture Partners Founder & Managing Partner Songyee Yoon, Alphasimplex Chief Research Strategist Katy Kaminski, Principal Asset Management Chief Investment Officer & Global Head of Equities George Maris, Morgan Stanley Equity Research Managing Director Alex Straton, MNTN CEO Mark Douglas, & Former HUD Sectretary Henry Cisneros.
Chapters:
00:00:00 Bloomberg The Close
00:01:12 Fed Minutes, Inflation Fears & Rising Treasury Yields
00:03:26 Nuveen on Bonds, Inflation & AI Debt Issuance
00:10:14 State Street on Gold, Geopolitics & the Fed
00:16:21 Top Calls
00:17:40 Levi’s Earnings Preview: Beyond Denim Growth Strategy
00:23:22 AI Infrastructure: Are Hyperscalers Overspending?
00:30:53 Stock of the Hour: Alibaba’s AI & Cloud Comeback
00:36:39 AlphaSimplex on Volatility, Oil & Inflation Risks
00:43:13 Closing Bell
00:46:35 Energy Stocks Rally While Airlines & Travel Sink
00:54:21 Post-Close: Tech Volatility and AI Leadership
00:56:30 Principal Asset Management on Navigating Market Volatility
01:02:05 Levi’s Earnings Beat: Guidance Raised
01:02:35 Morgan Stanley’s Retail Outlook for Earnings Season
01:08:28 Meta’s Cloud Ambitions & AI Infrastructure Debate
01:20:27 Toyota Expands U.S. Manufacturing in Texas
01:28:26 What to Watch
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@jcherry9308
December 10, 2023 at 11:09 pm
I’m glad my fam debt freeeeee
@Balance-yz4qg
December 10, 2023 at 11:09 pm
Consumers are switching to D💳C
@kennonmoss7854
December 10, 2023 at 11:09 pm
MAGA crying 😂😂😂😂
@buttercup3518
December 10, 2023 at 11:09 pm
EBT set a bigger record because people need to eat first.
@buddyx6
December 10, 2023 at 11:09 pm
I'm not just old school I'm JURRASIC SCHOOL, I don't even own a smartphone!
"KEEP ON KEEPIN ON"
@RomeoTango3
December 10, 2023 at 11:09 pm
The takeaway from this: Tell me you’re gay without telling you they’re gay? 😂 (it’s a joke, have a laugh) 😊
@draesters7157
December 10, 2023 at 11:09 pm
Someone is telling lies!!!
@user-wi4vu5pj2y
December 10, 2023 at 11:09 pm
Dumb azz country
@user-wi4vu5pj2y
December 10, 2023 at 11:09 pm
Dummies
@claramaximo4666
December 10, 2023 at 11:09 pm
Testificando de su bondad Sr. Stuart Michael Ha cambiado mi vida y la de mi familia en un par de semanas al conocerlo, comencé con un pequeño capital hoy, no puedo decirlo, pero ya me estoy volviendo rico. Pensé en este comercio y las cosas de forex eran falsas, pero me mostraste el camino, desearía que hubiera más de ti, este mundo sería un lugar mejor, gracias señor….
@robertwright7283
December 10, 2023 at 11:09 pm
$9.8 Billion in more Consumer Debt.
@AmitKumar-tg7of
December 10, 2023 at 11:09 pm
Retailers were sitting on very low inventory – what does it mean for christmas shopping
Stockouts??
@conor7179
December 10, 2023 at 11:09 pm
How much was of that was to Bidenomic money printing.
Its only an increase if the spending increase is greater than the increase in money supply.
@masonterwilliger3115
December 10, 2023 at 11:09 pm
Cant believe how
@itgetter9
December 10, 2023 at 11:09 pm
I use my credit card, but I pay it off every month. Put THAT in your pipe and smoke it!
@mireederrick1977
December 10, 2023 at 11:09 pm
WOW 😯😯 = America has money 💰 to burn! I don't believe the numbers 😂😂😂
@davidkennedy8929
December 10, 2023 at 11:09 pm
It’s extremely patronising when people are referred to as “consumers” how about “people”
@bkind1622
December 10, 2023 at 11:09 pm
I didn’t spend a penny! You have to love the fake news! 😂
@BB1337.
December 10, 2023 at 11:09 pm
All those who liked the video is either numb to their core being or working for 🤡📺
@MotoZ7
December 10, 2023 at 11:09 pm
Prices went up 7.5% , inflation, so spent the same as last year, a very bad year.
@shehzadshekani5618
December 10, 2023 at 11:09 pm
haha lie
@KenjiPolkAudio
December 10, 2023 at 11:09 pm
Yep 😂