Business
New Zealand Economy Falls Into Recession
New Zealand’s economy has fallen into recession. Gross domestic product fell 0.1% from the prior three months, when it dropped an upwardly revised 0.7%, Paul Allen and Haidi Stroud-Watts report on Bloomberg Television.
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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.”
Chapters:
00:00 Fed Hike Debate, Iran Escalation and Yen Intervention
03:53 Rate Hike Cycle Could Threaten the Bull Market — Keith Lerner, Truist Advisory Services
19:12 Iran War Could Escalate After the Midterms — Ed Mills, Raymond James
31:48 BOJ Hikes Are the ‘Only Thing Left’ for Yen — Jayati Bharadwaj, TD Securities
42:17 Wage Growth Isn’t Fueling Inflation — Nela Richardson, ADP
54:29 Investors Hate Bonds Before They Love Them — Emily Roland, Manulife John Hancock Investments
1:06:24 Data Center Backlash Is Reshaping Politics — Adam Hodge, Bully Pulpit International
1:21:08 Companies Are Hoarding Workers, Waiting for Growth — Steve Odland, The Conference Board
1:30:41 Waller May Be a Better Fed Guide Than Warsh — Tony Rodriguez, Nuveen
1:40:30 The Economy May Be Too Small for the AI Buildout — Ohsung Kwon, Wells Fargo
1:52:23 Higher Rates Could Cap AI Stock Valuations — Frank Lee, HSBC
2:00:57 Waller Says August CPI Is Key to Rate Decision — Michael McKee
2:06:58 Consumer Spending Is Stronger Than It Looks — Michelle Meyer, Mastercard Economics Institute
2:17:14 AI Is Still Overpowering Higher Rates — Abby Yoder, JPMorgan Private Bank
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Business
Yen Surge Puts Spotlight on BOJ and Intervention Risks | Insight with Haslinda Amin 9/3/2026
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.
Chapters:
00:00:00 – Insight with Haslinda Amin Begins
00:01:06 – Asian stocks advance as oil slips, yen in focus
00:01:58 – Yen’s spike leaves traders guessing about intervention
00:02:53 – Japan’s 30-year bond auction risks adding fuel to debt sellof
00:04:44 – Farro Capital CIO Hamza Ayub on dollar exposure and currency hedging risks
00:17:01 – Trump to levy more chip tariffs, exemptions for US manufacturing
00:19:19 – Zeiss SMT CEO Frank Rohmund says China 15 years behind in chipmaking tools
00:24:10 – Trump says Iran strikes to be short, asserts Hormuz control
00:28:07 –
00:28:12 – Gold holds gain as Trump’s war comments ease inflation jitters
00:28:42 – UBS Investment Bank strategist Joni Teves on demand for gold
00:36:31 – Japan’s 30-year government bond auction sees stronger demand than 12-month average
00:39:40 – India’s foreign inflow recovery faces yield threat
00:43:01 – India diaspora flows hit $127 billion, 1.5 times above estimate
——–
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Business
Saudi Oil Falls to 9-Year Low as Tanker Attacks Rise | Horizons Middle East & Africa 9/3/2026
Saudi oil exports fall to their lowest level in nine years as tankers come under attack in the Red Sea, with Saudi exports dropping to around 3 million barrels a day in August. Oil prices steady after their recent rally as Trump says strikes on Iran could be short-lived and warns the US is prepared to attack at any time. The US also escorted 18 million barrels of oil through the Strait of Hormuz on Tuesday, while traders watch the yen for possible intervention during the holiday period. Hegseth extends Middle East troop deployments into 2027.
On the technology front, the US weighs fresh tariffs on imported chips and electronics, with Lutnick saying the measures aim to boost domestic chip production. Taiwan is expected to announce more investment in US semiconductor manufacturing next week, with TSMC and Micron among companies investing in the US. Meta releases a more powerful AI model, Nvidia CEO calls on G20 nations to accelerate AI adoption, HPE raises its sales forecast on AI demand, and AI coding tools lift Snowflake’s outlook. Uber plans to cut 10% of its workforce, while AI firm G42 weighs raising billions of dollars from investors including Microsoft, Silver Lake and Mubadala.
In Gaza, Hamas warns the ceasefire is in doubt following an Israeli raid and the capture of a Hamas security chief. Netanyahu says the captured figure was seeking to restore Hamas rule in Gaza, while the US and Israel insist Hamas must disarm before the Gaza plan can move forward. Hamas, meanwhile, says Israeli forces must leave Gaza before it will disarm.
In Venezuela, the US backs energy deals aimed at increasing oil production, with Wright saying China will have no claims over Venezuela’s oil revenue. Chevron plans to invest $7 billion to double output, while Wirth sees Venezuela’s production reaching 600,000 barrels a day by 2031.
And in Africa, Continental Reinsurance plans Botswana’s first IPO since 2017. The company operates across more than 50 African countries. Guests includes Maurice Gravier, Emirates NBD Group CIO Wealth Management.
Chapters:
00:00:00 – Introduction
00:04:56 – Trump Says Iran Strikes to be Short-Lived
00:10:16 – US Weighs Fresh Tariffs on Imported Chips
00:13:40 – Maurice Gravier, Emirates NBD Group CIO Wealth Management
00:28:29 – Saudi Oil Exports Fall to Lowest Levels in Nine Years
00:31:54 – AI Firm G42 Weighs Raising Billions of Dollars
00:35:13 – Mike Wirth, Chevron CEO
00:38:13 – Hamas Warns Ceasefire in Doubt After Israel Raid
00:42:22 – Continental Reinsurance Plans Botswana’s First IPO Since 2017
——–
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Economists think the European Central Bank will raise interest rates next week but not beyond that. The majority of respondents in a Bloomberg survey expect the deposit rate to be raised by a quarter-point to 2.5% on Thursday and stay there through 2027. The survey results point toward a far more dovish outcome than markets are currently betting on. Bloomberg’s Jana Randow breaks down the situation.
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British Columbia Premier David Eby joins BNN Bloomberg to discuss Canada’s trade war with the US. He backs Prime Minister Mark Carney’s approach and says Canada can trade with whoever they want.
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@ArmandoMartinez-qg8mv
December 17, 2023 at 11:18 pm
flechazos mata primer cerebro y corazon en existencia en nueva zelanda
@ArmandoMartinez-qg8mv
December 17, 2023 at 11:18 pm
antorchas de fuego incendias pozos de gases y combustibles en nueva zelanda
@Battleneter
December 17, 2023 at 11:18 pm
The New Zealand Reserve Bank (along with other central banks around the world) caused this high inflation with stupidly unnecessarily low interest rates flooding the economy with easy money fueling a massive housing bubble. Now they are panicking and over correcting, not releasing any rate change takes 1-2 years to have an effect. Apparently these complete muppets missed high school level economics 101 class.
@hugostiglitz6914
December 17, 2023 at 11:18 pm
Ireland has a lot of similarities to NZ, population etc. But Ireland economy is growing but being held back by a lack of rental properties. People are leaving the country not because there's no jobs but because the cost of living is gone through the roof and there's nowhere to live. The country can't encouraged foreign workers because of the lack of rental properties.
@KiyosakiSays
December 17, 2023 at 11:18 pm
“Some people worry. Others prepare.” – Robert Kiyosaki
@Henry-jp3mc
December 17, 2023 at 11:18 pm
Im looking to emigrate here with the family as a skilled tradesman. But the more i look into it the more expensive and troubling it looks.
@poobum9857
December 17, 2023 at 11:18 pm
labours made a real mess of the country…
@mahen9394
December 17, 2023 at 11:18 pm
This is all govt driven self created recession, every one filling there pockets, Jecinda had her own, abandoned kiwis. Nz literally its puppet of USA, fully targeting economy. Rbnz is keep increasing rates naming inflation and all the consumer increasing there rates take all looses from consumers. Its legally looting kiwis crushed to the ground by the name of inflation. its been years nothing has worked out talented people are leaving country still shame on RBNz. Govt and Nz news channels they have no voice. They still covering up the biggest problem is lost ocean gate sub. Seriously, Nz news channels have no comments on, they are biggest problem in Nz, they pretend everything is normal. Kiwis they have no place to complain.
@JD-wx3pk
December 17, 2023 at 11:18 pm
The Government and RBNZ have decided to make all new Zealanders pay for their f.. ups . Government overspending, RBNZ increasing interest rates to make up for their losses and to gain more Dividends. This is what It looks like to me, and we're being feed uter – B.S.
@blardymunggas6884
December 17, 2023 at 11:18 pm
Another friend of U S A that has ended up under the bus
@peterkirgan2921
December 17, 2023 at 11:18 pm
Doesn't surprise me one bit ? You wonder why kiwis come to Australia because one their run by idiots in government two they are isolated three they pay through the nose for everything & have a higher GST rate than Australia so I rest my case!!!!!
@sameerpoudel3337
December 17, 2023 at 11:18 pm
Love..❤ ….BALEN SHAH from NEPAL🇳🇵🇳🇵
@espartano4976
December 17, 2023 at 11:18 pm
Go woke, go broke
@radearpurba3589
December 17, 2023 at 11:18 pm
What about countries that have high inflation rates and high interest rates ? 🤔🤒😢😔🙏. And what happens to the Banks in New Zealand when New Zealand will experience a recession on Q2 and Q3 or until last year 2023 ? 🤔😢😔🙏
@kentphil8357
December 17, 2023 at 11:18 pm
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings to fall back
@TheDisinformationProjectNz
December 17, 2023 at 11:18 pm
And everyone said I was nuts when I said sanctions and dumb climate change regulations are ruining NZ. Not to mention the immigration
@sina0481
December 17, 2023 at 11:18 pm
I Wonder what His Business Card Looks like
@warnpassion
December 17, 2023 at 11:18 pm
Karl Rock needs to thank his stars that he is married to Manisha.
@on2thenextthing
December 17, 2023 at 11:18 pm
Not a recession in America if you're a Democrat. It's racism.
@markeasley6149
December 17, 2023 at 11:18 pm
Hmm any country besides the US recognizes the technical recession apparently.
@rikirex2162
December 17, 2023 at 11:18 pm
not as bad as Australia
@chintanpatel5788
December 17, 2023 at 11:18 pm
Only the US can escape recession. USA and it’s algos are programmed to keep the world order in tact. This is a fact
@userigrvhi342
December 17, 2023 at 11:18 pm
Terrible news one of my favorite places in the world.
@BristolBerg
December 17, 2023 at 11:18 pm
Good to see Paul Allen alive and well.
So the recession is due to uncontrollable external factors that will dissipate and the economy will recover shortly. Hmm k.
@FrankRichard-tk4fu
December 17, 2023 at 11:18 pm
Hello what's the best way to get started with Bitcoin investment cos I've been making my personal research for a while now?
@eyasu6824
December 17, 2023 at 11:18 pm
That's what you get when you have hardcore left Liberals running the economy to the ground. Justin Trudeau's trying his best here in Canada.
@user-qq9se6bw4l
December 17, 2023 at 11:18 pm
No biden in new Zealand?
@andrews6617
December 17, 2023 at 11:18 pm
Sorry bulls.