Business
Oil and Gold Prices Rise Amid Deepening Middle East Crisis
The oil market is on edge as geopolitical tensions rise in the Middle East, with prices poised for a second straight weekly gain. Gold is also higher as fears rise over a wider conflict. Stephen Stapczynski reports on Bloomberg Television.
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Warsh reiterated that policymakers have a “firm, fixed target” of 2% inflation at the 2026 Jackson Hole Economic Policy Symposium. Bloomberg’s Maria Eloisa Capurro explains.
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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 Columbia Business School Professor Abby Joseph Cohen, Loop Capital Markets Consumer Sector Head, Senior Research Analyst Anthony Chukumba, The Conference Board CEO Steve Odland, Man Group Chief Market Strategist Kristina Hooper, Willow Wealth CEO Mitchell Caplan, McGraw Hill CEO Philip Moyer, Unifor National President Lana Payne, & Wedbush Securities Managing Director, Equity Research Matt Bryson.
Chapters:
00:00:00 Bloomberg The Close
00:02:51 Abby Joseph Cohen on Markets, Consumers & the Economy
00:07:24 AI Spending, Productivity & the Sustainability Question
00:11:42 Jackson Hole Preview & Kevin Warsh’s Fed Strategy
00:15:27 Nvidia, OpenAI & the AI Trade Ahead of Earnings
00:17:23 Top Calls
00:18:15 Dick’s Sporting Goods Plunges on Foot Locker Troubles
00:22:38 Consumer Confidence Falls as Inflation Anxiety Builds
00:25:13 Consumer Debt, Spending & the Risk to Economic Growth
00:27:48 CEO vs. Consumer Confidence & the Holiday Retail Outlook
00:30:29 Stock of the Hour: Super Micro Jumps on Cisco Partnership
00:32:09 Cisco, Super Micro & the AI Infrastructure Buildout
00:37:37 Man Group on Treasury Intervention, Yields & Fed Policy
00:41:01 AI Debt, Inflation & the Jackson Hole Outlook
00:43:27 Closing Bell
00:45:47 Intuit Earnings & the SaaS Selloff
00:47:29 Market Movers: Moderna, Nvidia & Resolve AI
00:49:08 Dick’s Worst Day Ever Raises Questions About Foot Locker
00:50:50 Zoom & Box Earnings Hit After the Bell
00:52:44 AI and the “SaaS-pocalypse” Debate
00:54:31 Market Recap: Nvidia Rebounds as Oil & Yields Fall
00:55:39 Mitch Caplan on Retail Investors & Private Markets
00:57:22 Private Credit, Higher Yields & the New 60/40 Portfolio
01:00:01 Why Companies Are Staying Private Longer
01:01:24 Private Market Liquidity & Access for Retail Investors
01:02:47 Private Assets in 401(k)s & Vanguard’s Zero-Allocation Call
01:05:54 After-Hours Movers: Intuit, Zoom & Box
01:08:12 McGraw Hill CEO on AI, Education & the Future of Learning
01:10:15 How Teachers and Students Should Use AI
01:12:06 McGraw Hill’s Agentic AI Strategy
01:13:28 Screen-Time Backlash & the Return of Print
01:16:29 U.S.-Canada Trade War Escalates
01:17:35 Unifor President on Auto Tariffs & North American Manufacturing
01:20:18 Canada’s Response to the U.S. Trade War
01:24:20 Nvidia Earnings Preview: Can AI Growth Keep Delivering?
01:25:49 Nvidia’s Next Growth Engine & Rising Chip Competition
01:28:23 What to Watch
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Ed Morris, Senior Adviser and Commodities Expert, discusses the recent fall in Brent crude oil prices. The decline is attributed to market attention on the potential impact of Iran sanctions, which are influencing supply expectations and investor sentiment in the commodities market. He speaks with Romaine Bostick on “The Close.”
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“The fundamental thing that’s really important is unemployment is low, and people have jobs. As long as we have that, I think the lower-end customer holds in,” says Citizens Financial Chairman and CEO Bruce Van Saun.
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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today’s guests: Kenneth Rogoff, Harvard Professor of Economics, and Nela Richardson, ADP Chief Economist & ESG Officer.
Chapters:
00:00:00 – Bloomberg Money Begins
00:03:14 – Bloomberg’s Enda Curran Discusses Kevin Warsh’s Comments in Jackson Hole
00:06:11 – Bloomberg’s Nikki Waller and Stacey Vanek Smith Talk About the News Impacting Your Money
00:12:23 – Kenneth Rogoff, Harvard Professor of Economics
00:20:29 – Tom Keene Provides His Final Thoughts from Jackson Hole
00:21:42 – Bloomberg’s Taylor Nicole Rogers on US Employers Abandoning Health Insurance as Price Hikes Bite
00:24:43 – Nela Richardson, ADP Chief Economist & ESG Officer
00:33:28 – Bloomberg’s Sarah Foster and Zijia Song Discuss People Without Kids Hacking 529 Accounts
00:41:35 – Scarlet Fu and Christina Ruffini Talk About Upcoming Events Impacting Your Money
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@jesuschrist8
December 14, 2023 at 3:37 am
While thousands if not millions suffer, die, or get injured from war, Christians are rejoicing that gold and black gold have sky rocketed. Jesus Christ would be so proud of them.
@ajaysivaramakrishnan7283
December 14, 2023 at 3:37 am
A t = bank account so many in height
@heathreeves6327
December 14, 2023 at 3:37 am
Dani Burger is cool. ❤❤❤
@choosiewhoo1700
December 14, 2023 at 3:37 am
Gold is the king in this current environment ! Go for it !
@hallyyajlo4439
December 14, 2023 at 3:37 am
Thé say middel east are in crisis 😂😂😂😂😂😂 are you oké no one wil work with the western country’s Are you stupid in America. You are going down. Mand Afrika kicked you out to no gold for you 😂😂😂😂
@johnnysworld6066
December 14, 2023 at 3:37 am
I got some trading to do😮.. Get in while the getting is good📈
@eddychandra2509
December 14, 2023 at 3:37 am
Buy china stock. All-in because it is at lowest level now
@kunalnichani1
December 14, 2023 at 3:37 am
Powell is an emotional man 😀 Its both an advantage as well as a disadvantage. He is himself confused about how to proceed. He is caught between Too Much and Too Less and rightly so. The stakes are too high. By default Powell is an optimist. We can call him laid back in other words 😀 He does not like big disruptions, and thats why he keeps getting big disruptions 😀
Though he is getting better with time. And after the initial stupidity of late reaction to increasing inflation, he has learnt lot of lessons, and shown a good comeback. Right now he knows there are lots of aspects. There are atleast 20 different aspects he has to look at and balance. Intuitively he knows everything is getting back to normal, all the stats talk about that, but then this high GDP quarter spoiled the fun. I mean even 2.5-3% would have been fine but 5%! Someone really needs to look into why such a high jump. I personally feel nominal GDP would have increased marginally, but the sharp fall in inflation over last few months might have caused real GDP to be high. So thats why he has gone back to wait and watch. Excess savings of US citizens are all spent, and wage increases are back to normal. The only way US economy could keep outperforming is if people start taking debt due to all the spending habits developed due to revenge spending post covid, and I am sure high rates and lessons from 2008 wont allow that to happen. But then consumer credit is at very normal levels, it might show some elevated levels in the short term. I personally dont think it should due to high rates. Things should start going back to normal sooner than expected. Thats what I believe. And timely rate cuts and wise, well researched ,impactful Powell commentaries would be very important during that phase. Powell is simply ignoring the Russia Saudi alliance being hell bent on keeping oil prices elevated. He is not going to worry about that and he shouldnt. If inflation stays high due to those reasons, we have to live with it. Inflation simply becomes 2% + whatever the world chaos adds to it. Although he should put indirect pressure on Biden to handle that somehow. Thats it. Yields should peak at 5-5.4% and stay in 4.5-5.4% range for next couple of quarters before falling. We need couple of slow quarters for that. 2.2% for next quarter followed by 1.8% would do the trick. Global trade wars are stupid. US needs to stop attacking China so much. They are anyways ageing. They steal your technology?? You steal theirs!! You start manufacturing too! Stop trying to put sactions and bans. Most of the innovation in solar has been done in Australia yet the whole world uses that. Thats how it is! The world is one. Corrupt trade practices need to be kept a check on ofcourse. China and India have a bigger population! They will grow bigger than you! You along with yours Europes and Canadas are anyways equivalent to them! Whites, White Moors, Yellows, Browns, Blacks. The world is equally divided. Someone designed it smartly. Give everyone an equal say. Ofcourse keep a check on love for violence and negativity. We are not in middle ages anymore. We live in a civilized world. Wisedom is the only way forward.