Business
Xi: China Is Ready to Be a Partner and Friend of the US
Chinese President Xi Jinping talks about the bilateral relations between the world’s two-largest economies. He speaks during a dinner of business executives at the APEC summit in San Francisco. (Translated excerpts)(Source: CCTV)
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Business
People Without Kids Now Utilize 529 Accounts
Bloomberg’s Sarah Foster joins Scarlet Fu on “Bloomberg Money.” In 2022 Congress tweaked the rules covering 529 plans. Now, people without kids are now able to pour money into those accounts after hitting the annual limits for contributing to their retirement plans — treating the 529 as a backdoor for funding a Roth IRA.
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Business
Zandi: AI Drives at Least 25% of Growth
Mark Zandi, Chief Economist at Moody’s Analytics, says Nvidia is a “juggernaut” and that AI accounts for at least a quarter of economic growth. Zandi thinks AI is already supporting the demand side of the economy and adding modestly to inflation, but clear productivity gains have not yet appeared. Zandi argues those gains are essential to sustaining company valuations. He also expects Federal Reserve Chair Kevin Warsh’s Jackson Hole speech to be relatively quiet and not market-moving. He speaks with Joe Mathieu and Tyler Kendall on the late edition of Bloomberg’s “Balance of Power.”
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Business
Stocks Fall as Blowout Jobs Report Fuels Rate Hike Bets
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than “Bloomberg Surveillance.”
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00:00 Jobs Surprise, Fed Divide and AI Backlash
05:06 Cyclical Weakness Is Starting to Show in Stocks — Chris Verrone, Baird Strategas
20:47 A Quarter-Point Hike Won’t End the AI Trade — Chris Verrone, Baird Strategas
30:43 Small-Bank Deregulation Could Unlock More Lending — Jill Castilla, Citizens Bank of Edmond
41:28 Give Disinflation a Chance Before Hiking — Michael Gapen, Morgan Stanley
54:24 A Hold Could Stabilize the Long End — Priya Misra, JPMorgan Asset Management
1:08:05 Political Pressure Won’t Sway Rate Policy — Priya Misra, JPMorgan Asset Management
1:21:44 Data Center Backlash Could Start Hurting AI Demand — Mark Newman, Bernstein
1:29:11 Almost Nothing Is Driving Disinflation — Frances Donald, RBC
1:39:23 Fed May Need a -100K Print to Rethink Full Employment — Brian Nick, NewEdge Wealth
1:52:36 Fed Could Be Headed for a Historic 6-6 Vote — Jim Bianco, Bianco Research
2:00:39 US Adds 162,000 Jobs, Topping All Estimates — Michael McKee
2:05:39 Inflation, Not Jobs, Will Dictate the Next Rate Move — Stephanie Roth, Wolfe Research
2:16:16 Risk Assets Can Withstand a Rate Hike — Jeffrey Rosenberg, BlackRock
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Business
Traders Bet On Fed Hold, BOJ Hike; Toyota Vice Chairman Exclusive | The Asia Trade 9/4/2026
“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.
Chapters:
00:00:00 – Bloomberg: The Asia Trade begins
00:02:15 – Waller leans toward hold, if inflation improves
00:08:45 – Yen gains on BOJ hike, intervention risks
00:11:50 – OpenAI CEO Sam Altman on AI and autonomy
00:15:40 – OpenAI rolls out GPT-6 Astra model
00:19:04 – Hugging Face Co-Founder and Chief Science Officer Thomas Wolf on Nvidia partnership
00:25:17 – Nomura’s Yujiro Goto on BOJ, yen outlook
00:32:55 – Bathla yet to secure short-term funding
00:35:21 – Bloomberg Intelligence: Bathla debt crisis to intensify housing shortfall
00:39:19 – EXCLUSIVE: Toyota Vice Chairman Koji Sato on auto industry outlook
00:46:46 – Markets open in Japan, South Korea and Australia
00:50:31 – UBS Global Wealth Management’s Suresh Tantia on markets strategy
00:58:43 – Top automakers urge permanent ban on Chinese cars
01:03:35 – EXCLUSIVE: Toyota Vice Chairman Koji Sato on international competitiveness
01:06:35 – Yen posts biggest gain in over a month
01:12:09 – Hinrich Foundation’s Deborah Elms on tariffs, US trade
01:26:26 – OpenAI CEO Sam Altman on the future of AI
01:31:09 – Asia’s top earnings trades aren’t just AI giants
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Business
US Strikes Iranian Tankers After Attack on US Warships
Bloomberg This Weekend has breaking news that US forces struck three Iranian crude carriers after the Islamic Revolutionary Guard Corps launched ballistic missiles toward two US Navy warships, according to US Central Command. The renewed fighting around the Strait of Hormuz adds pressure to shipping and energy markets as President Donald Trump continues to downplay the conflict as something short of war.
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@derekl190
December 13, 2023 at 11:29 pm
Its funny that wolf warrior is now begging to be friends with the US when you have no money.
@williamwenner3814
December 13, 2023 at 11:29 pm
Shows you what a piece of crap Gavin Newsom is, he won't clean the streets for us, but will clean the streets for a foreign leader, you are a stinkin freaking joke Gavin Newsom
@michaelangelopalacio8631
December 13, 2023 at 11:29 pm
I hope China and the U.S. work something out.
@tyhairston5397
December 13, 2023 at 11:29 pm
Damn I thought that was the Chinese dude that played Jackie Chan friend that they have to find his daughter “ rush hour” 😂😂😂😂
@AudreyWortman
December 13, 2023 at 11:29 pm
CHINA JOE SELLING OUT AMERICA..😮
@argellie
December 13, 2023 at 11:29 pm
Chinese guy is so funny😂
@lijiajun1994gg
December 13, 2023 at 11:29 pm
中国快废除精神病科吧,中国外交部和人家斗嘴斗到面红耳赤,中国的心理医生和精神病科的看看管管他们,主席钻脑斗的出国,中国的脑科应该管治疗他。
@aliasqarrezaie5058
December 13, 2023 at 11:29 pm
Har arezo be Yak masir morah.che tawanaie bashe Che eznn bashe Tanks hamisha
@MichaelGroenendijk
December 13, 2023 at 11:29 pm
Sure sure 🤔
@natec.1426
December 13, 2023 at 11:29 pm
China and usa are at its highest econnic status. Dont be fooled…china and usa are def holding hands. Have been for a while.
@marcsarp
December 13, 2023 at 11:29 pm
🎉🎉🎉
@tatethegreat7560
December 13, 2023 at 11:29 pm
IF it wasnt for America sanctioning Japan in the 1940s, China would be a territory of Japan.
China owes America a lot for essentially protecting their sovereignty.
@user-du6nv5ih2s
December 13, 2023 at 11:29 pm
"American intelligence, it is not good or species to live sin born in sin live in sin have sin. Push on and lie about the truth is in word that honors Value penciple respect his God and Country is his inheritance>Matt 13:11"
@radod6147
December 13, 2023 at 11:29 pm
unfortunatly the US is not ready to be a partner or friend. they only are friends with lapdog countries who do as the US says.
@mitchellbutler7068
December 13, 2023 at 11:29 pm
Blah blah blah … theyve heard about the possibility of Mexico or India being supported as cheap sources of competitive manufacturing and labor . They’ve identified that i found the weak link . Chinas revenue supports irs military growth and they stand idle when our troops fight . I say minimize contribution …. Continue with original idea to empower Mexico. Lend the Mexicans the money to manufacture and undercut everything we import .. “ made in china” start chipping away at the marble columns. No shipping costs etc and it weakens a military that subtly arms to match us . Do the same thing with India. Keep driving down Chinese exports.
There may come a time where that power is useful … economics beat Russia china is an economic powerhouse. Lets see what can be done to reign that in a bit . Id ask all allied nations the US protects and is partnered with to support the transition from Chinese economy to Mexican and indian .
Send their growing military a message…
It makes sense anyway to support Mexico, half the US has Mexican blood . Why send the dollar half way around the world when your relatives are right next door .
Hopefully china and India build disdain for each other as well . That’s a healthy War for global population limits .
@mrfluffybeehive
December 13, 2023 at 11:29 pm
0:06
@mrfluffybeehive
December 13, 2023 at 11:29 pm
Let's go!
@PeterParker-gt3xl
December 13, 2023 at 11:29 pm
Provided U.S. lets us have our ways. We are then Ready.
@markorjak294
December 13, 2023 at 11:29 pm
Xi The devil who has brought many disasters to the Chinese people. I am Chinese😢
@user-qi1gb1nh4t
December 13, 2023 at 11:29 pm
There is no doubt that Xi ** is the laughing stock of the world!
@Candy-of2hq
December 13, 2023 at 11:29 pm
Wells Fargo was at the forefront of foreclosures during the mass forclosure a few years back. They have given and been taken to court for the same out west.
@Candy-of2hq
December 13, 2023 at 11:29 pm
WELLS FARGO SUCKS
@asniyanisiregar5552
December 13, 2023 at 11:29 pm
MLM,..papak,..jinfing,..Mh😍
@andreionofrei
December 13, 2023 at 11:29 pm
Great men Respect for China
@grantsapain
December 13, 2023 at 11:29 pm
Said the spider to the fly…🕷🪰
@KingLuka2212
December 13, 2023 at 11:29 pm
This is him announcing the new world order
@xXxXkuramaxXx
December 13, 2023 at 11:29 pm
❤️❤️❤️
@ChasRebel420
December 13, 2023 at 11:29 pm
I never thought I'd say this, but he's right.