Business
Moody’s Cuts Ratings at 10 US Banks
US bank stocks declined after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders and said it may downgrade major firms including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial Corp. Bloomberg’s Sonali Basak reports.
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Business
Visa to Cut Workforce by 7% as CEO Targets Efficiency
Visa is eliminating about 2,600 jobs, or roughly 7% of the workforce, as Chief Executive Officer Ryan McInerney seeks to make the firm more efficient. Paige Smith reports on Bloomberg Television.
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Business
Trump Hits Trail in North Carolina
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss President Trump’s trip to North Carolina. On today’s show, The Cook Political Report Editor Jessica Taylor, Republican Main Street Partnership President and CEO Sarah Chamberlain, Maywood Strategies Principal Doug Farrar and The Rockefeller Foundation President Rajiv Shah.
Chapters
00:00:00 Radio Balance of Power: Early Edition
00:02:18 Markets Rally as Oil Prices Fall
00:04:14 Trump Reacts to the Fed Rate Hike
00:05:32 White House on Warsh, Iran & Tariffs
00:08:50 North Carolina & the Battle for the Senate
00:11:06 New Hampshire Senate Race Moves to Toss-Up
00:12:10 Michigan & Democrats’ Path to a Senate Majority
00:15:46 Texas Senate & Governor’s Races
00:17:27 Data Centers, Energy Costs & the Midterms
00:21:20 Congress Heads Home to Campaign
00:22:05 Russia Sanctions & Data Center Legislation
00:22:47 Political Panel: Congress, AI & Affordability
00:27:01 Iran War Becomes a Midterm Issue
00:29:03 U.S. Plans $24 Billion Saudi F-35 Sale
00:29:40 Immigration Enforcement & Latino Voters
00:34:42 OpenAI Discloses AI Misalignment Incidents
00:36:29 Jensen Huang Calls for More AI Safety Testing
00:37:02 AI Safety, Regulation & Industry Oversight
00:40:10 Global Pessimism & America’s Role in the World
00:43:08 USAID, Foreign Aid & U.S. Global Standing
00:45:04 Rebuilding America’s Global Relationships
00:47:05 AI’s Role in Global Development
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Business
Europe Will Remain Global Weak Link: Market Analysis
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”
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Business
Chinese Yuan Hits Strongest Level Since 2022
“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.
Chapters:
00:00:00 – The China Show opens
00:03:41 – BOJ expected to raise rates by 25 basis points
00:07:11 – US said to delay new tariffs until after Trump-Xi summit
00:12:16 – BNP Paribas’ Ecaterina Bigos on the dominance of Chinese manufacturing
00:20:24 – Offshore yuan strengthens past 6.70 per dollar
00:25:35 – Huawei accelerates its AI chip timeline
00:29:30 – How AI is changing the chip game
00:33:50 – Gree Electric Appliances looks to European heating market for growth
00:44:04 – Breaking: South Korea’s Lee says he will not seek a second term
00:45:58 – Chinese yuan hits strongest level since 2022 after PBOC fixing
00:50:55 – BOJ-Fed policy divergence could pressure the yen
01:02:09 – PTX Capital on integrating AI into healthcare
01:13:49 – Countdown to the BOJ decision
01:33:20 – Breaking: BOJ raises key rate to 1.25%
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Business
Trump Moves to Bar Three News Outlets From White House
President Donald Trump says he is banning CNN, MS NOW and Politico from the White House over coverage he calls “fake news,” though questions remain about how the restrictions would be enforced and whether they could face legal challenges. Bloomberg News White House Correspondent Jeff Mason joins David Gura and Christina Ruffini on Bloomberg This Weekend and discusses how this move comes as Trump also faces protests over the future of the Kennedy Center and prepares to address the UN General Assembly with the Iran war expected to be a major focus.
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@mcawesomest1
December 12, 2023 at 7:14 am
It’s like a rerun of the Great Depression
@johnathansteil8186
December 12, 2023 at 7:14 am
Good for Bloomberg actually telling the truth. most were downgraded for long term risk. Downgraded to A2 which is still an upper tier rating. downgraded for CRE's mainly.
@damham5689
December 12, 2023 at 7:14 am
Need to remember, Moodys ?falsely? ?for pay? gave junk mortgage bonds AAA ratings that helped lead to the 2008 mortgage collapse.
Does anyone actually trust Moodys ?
@ssuwandi3240
December 12, 2023 at 7:14 am
But still soft landing
@Britishpatriot1
December 12, 2023 at 7:14 am
And so it begins….. the tip of the iceberg folks. More to come!
@frankxu2490
December 12, 2023 at 7:14 am
Dont spread "panic"…for whose benefit???
@commonsense504
December 12, 2023 at 7:14 am
Bribenomics hard at work building back better
@diamandidimitrov8643
December 12, 2023 at 7:14 am
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