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What Does Biden-McCarthy Debt Agreement Mean for Markets?

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Shane Oliver, head of investment strategy and chief economist at AMP, discusses what the deal between President Joe Biden and House Speaker Kevin McCarthy on the US debt ceiling means for financial markets. He speaks with Paul Allen and Kathleen Hays on “Bloomberg Daybreak: Australia.”

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23 Comments

23 Comments

  1. @shellysmith1037

    December 26, 2023 at 10:09 pm

    it means everyone can plainly and clearly see what a D-nozzle Nancy Pelosi was as Speaker. that's what…

  2. @bharatichaudhari

    December 26, 2023 at 10:09 pm

    Low volume

  3. @dangood2287

    December 26, 2023 at 10:09 pm

    I love the stock market, completely ignore any downside from debt ceiling, but will 100% be surging on Tuesday to the upside in a fake rally hahaha

  4. @BobbieMercer-vb4pp

    December 26, 2023 at 10:09 pm

    IT means 4 more trillion added to the debt meter … and he saved the MONKEY ! terrifying

  5. @method341

    December 26, 2023 at 10:09 pm

    Never listen to economists' predictions. Do the exact opposite of what they predict.

  6. @victoriajonas44

    December 26, 2023 at 10:09 pm

    I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation just yet and that mindset helps me make more money investing.

  7. @thierry-le-frippon

    December 26, 2023 at 10:09 pm

    You can pass… Nothing interesting!

  8. @TomZart

    December 26, 2023 at 10:09 pm

    BIDEN FAME & WEALTH = 2023 ??

    Those who wish to be, not forgotten

    Just days after they're dead and gone.

    Must share such things worth remembering

    Or commit acts, worth passing on.

    We think highly of those who create

    Goodness and beauty around them.

    But those who squander their lives away

    Our predictions for them are grim.

    The fame of people should always be

    Estimated by the means they used.

    It’s human breath that promotes most fame

    Often unwholesome and abused.

    The perfume of good deeds projects fame

    Performed by those with great passion.

    Not by persons in corrupt temples

    Whose honesty, they must ration.

    Let no one fall victim to their surplus wealth

    For when it happens they’ll find they've lost their health.

    All wealth either serves or governs its holder

    As we who strive wear life's cross on our shoulder.

    By Tom Zart

    Most Published Poet On The Web !

  9. @facts_matter_3000

    December 26, 2023 at 10:09 pm

    8 of the top 10 states with the highest poverty rate? The Republican-led states of Arkansas, Mississippi, Louisiana, West Virginia, Alabama, Kentucky, South Carolina and Oklahoma. 8 of the top 10 states most dependent on aid from the federal government? The Republican-led states of Alaska, Mississippi, North Dakota, West Virginia, Kentucky, Alabama, Montana and South Carolina.

  10. @keto6789

    December 26, 2023 at 10:09 pm

    Market will either go up, down or sideways I think …..

  11. @NDARYBC

    December 26, 2023 at 10:09 pm

    Hopefully they start hiring again,this little pause is losing moneys…

  12. @praveenspike

    December 26, 2023 at 10:09 pm

    Now it all depends on the fed…

  13. @w3s77

    December 26, 2023 at 10:09 pm

    Won't pass.

  14. @williewest5574

    December 26, 2023 at 10:09 pm

    Kathleen rules

  15. @thomaskauser8978

    December 26, 2023 at 10:09 pm

    I know this is a market show and the framework is agreed upon until the Republicans hit Kevin over the head with his on gavel?
    McCarthy is a joke in a tie!
    Favorite memorial day Eve quote? " TRUMP IS GOING TO HAVE TO MAKE SOME PHONE CALLS "!
    Blew out my chair.

  16. @jdot1795

    December 26, 2023 at 10:09 pm

    Lets party again like its 2021 more money 🎉

  17. @HW2800

    December 26, 2023 at 10:09 pm

    Market will go up in the mornings and short seller institutions & hedge funds will bring it back down in the afternoon before market closes!😂

  18. @russelltakemoto230

    December 26, 2023 at 10:09 pm

    There was absolutely no indications that a debt limit deal was brewing on Thursday and Friday. I checked. Expect a market relief rally Tuesday

  19. @jaym9846

    December 26, 2023 at 10:09 pm

    AI will rule over humanity, not by unleashing nuclear war,
    but by driving it's own stock price through the roof and causing a world-wide financial collapse. Bitcoin programmer will need to send Powell T2000 back in time to destroy the printing machine that fed AI.

  20. @jaym9846

    December 26, 2023 at 10:09 pm

    Did America raise it debt limit? If so by how much?

  21. @PeterParker-wj3cr

    December 26, 2023 at 10:09 pm

    The bill will pass. But more theatrics are still ahead. Politics as usual…smh

  22. @russelltakemoto230

    December 26, 2023 at 10:09 pm

    I totally love the fact the investors are bearish and underweight equities!!! Lovin it! Made tons over the bearish outlook. Positioning to cut positions as investors turn positive as they for sure will over the next few weeks

  23. @TimelineDunkley

    December 26, 2023 at 10:09 pm

    It's really sad and disgusting that they taking away SNAP benefits and putting it into money for wars and added more money for government war budget. There are little kids that's going hungry and you taking away that money people cannot feed the children taken away that money that's really messed up. America always say that oh the other country is taking away food money away from the poor people and not feeding them and Adam the money to their wars. And look what's happening now America is doing the exact same thing. Marco do not practise what they preach. Are you have these stupid Republicans message shit up. What are the Republicans really good for nothing but for only rich people that's what they only be with. I will be leaving this country next year I'm glad. I hope the poor people in America be safe and I hope they get food.

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Why Trump Is Picking New Trade Fight With Canada

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President Donald Trump is vowing to double tariffs on imported Canadian vehicles and parts to 50% starting January 1. Canada is ready to fight back. Talks broke down on Friday. Bloomberg’s Brendan Murray looks at why Trump is starting a new trade fight with his northern neighbor.
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US’s Iran Threat Risks Clash With China; Druckenmiller Criticizes Bond Plan|Bloomberg Brief 08/25/26

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US equity futures rise after chipmakers rebound. US Treasury Secretary Scott Bessent’s plans to isolate Iran risks heightening tensions between the US and China, Tehran’s main trading partner. Billionaire investor Stanley Druckenmiller criticizes Bessent’s plan to spend billions buying back US bonds. Canada is set to announce a range of measures to protect its workers and businesses from 50% US tariffs. Henry Allen of Deutsche Bank sees market risks on the upside amid a borrowing binge in the AI sector.

Chapters:
00:00:00 – Bloomberg Brief Begins; Top Stories & Global Markets
00:00:54 – Global Market Check, European Stocks Rise as Oil Prices Fall
00:02:33 – US Futures & Nvidia Earnings Preview
00:04:03 – First Look Movers: Nvidia, Dick’s & Melrose
00:05:16 – China Defends Iran Ties as U.S. Sanctions Pressure Builds, China, Iran & the Trump-Xi Summit
00:10:07 – Canada Prepares Response to 50% U.S. Tariffs
00:14:13 – Trending on the Terminal
00:15:58 – Strait of Hormuz & Global Energy Supply, How Gulf States Are Bypassing Hormuz, How Energy Majors Are Managing Hormuz Risk
00:19:30 – Front Page News
00:21:01 – Markets Update
00:22:36 – First Look Movers: Nvidia, Dick’s & CD Projekt
00:24:18 – Henry Allen, Deutsche Bank Macro Strategist, on Drunckenmiller vs. Bessent – Bonds, the Fed & Markets, What Markets Want From Jackson Hole
00:31:16 – Trending on the Terminal
00:32:33 – Iran Warns of Retaliation Against U.S. Economic Pressure
00:37:54 – Volkswagen’s Job Cuts and Turnaround Battle
00:42:05 – What to Watch
——–
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Trump Renames Lake Ontario | Radio Balance of Power: Early Edition 8/27/2026

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On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Tyler Kendall discuss the latest from the Trump Administration. On today’s show, former US Ambassador to Ukraine John Herbst, Maywood Strategies Principal Douglas Farrar, Jersey 1st Founder and President Rosemary Becchi and Bloomberg Opinion Columnist Kathryn Edwards.

Chapters
00:00:00 Radio Balance of Power: Early Edition
00:02:09 Market Update After Nvidia’s Blowout Earnings
00:04:41 Texas Senate Race & Trump’s Push for Ken Paxton
00:05:46 Data Centers Become a Key Texas Election Issue
00:09:48 Russia Prepares to Escalate the War in Ukraine
00:11:01 John Herbst on Russia, Ukraine & NATO Risks
00:13:32 Ukraine’s Air Defense & Russia’s New Offensive
00:17:32 Venezuela Oil, Iran & Economic Sanctions
00:19:04 Market Update: Nvidia Powers Stocks Higher
00:19:36 Trump Speaks From the Oval Office
00:20:51 Trump Renames Lake Ontario “Lake America”
00:22:39 Trump Escalates His Trade Fight With Canada
00:26:16 Trump on Putin, NATO & Mail-In Voting
00:27:58 Iran, Russia & the Strait of Hormuz
00:30:13 Trump Heads to Texas to Back Ken Paxton
00:32:12 Political Panel on the Texas Senate Race
00:33:20 Data Centers & the Midterm Election Backlash
00:39:10 Market Update: Nvidia Surges After Earnings
00:41:13 Jackson Hole & Kevin Warsh’s Big Fed Speech
00:42:30 Fed Independence & the Lisa Cook Fight
00:44:34 What Markets Need to Hear From Kevin Warsh
00:46:30 America’s $40 Trillion Debt Problem
00:49:22 Beef Prices, Tariffs & Consumer Affordability
——–
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Bloomberg Surveillance 8/28/2026

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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.

Chapters:
00:00 Fed Inflation Fight, Bond Yields and Nvidia’s AI Boom
03:37 Fed Will Cut Rates Before It Hikes — Peter Tchir, Academy Securities
19:52 Countries Need to Prepare for More Energy at Home — Peter Tchir, Academy Securities
31:09 Google’s TPU Opportunity Is Still Underappreciated — Shweta Khajuria, Wolfe Research
40:15 It’s Probably Time for the Fed to Do More — Claudia Sahm, New Century Advisors
53:40 Treasury Supply Angst May Already Be Priced In — Priya Misra, JPMorgan Asset Management
1:07:12 US-Canada Trade Talks Still Have an Opening — Jeannette Lowe, Strategas
1:19:15 Fed Hike Would Be Important Signal to Market — Patrick Harker, Former Philadelphia Fed President
1:28:33 Fed’s Silence Gives Other Officials More Power — Seth Carpenter, Morgan Stanley
1:42:15 Global Bond Yields Still Have a Lot of Catching Up to Do — Subadra Rajappa, Societe Generale Americas
1:53:20 Munster Expects Nvidia Revenue to Grow by 90% in 2027 — Gene Munster, Deepwater Asset Management
2:05:22 Fed Can’t Shrink Its Balance Sheet Much Further — Mark Cabana, BofA Global Research
2:18:25 5% Treasury Yield Would Be a Buying Opportunity — Matt Orton, Raymond James Investment Management
——–
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Nepal Looks To Rebuild As Flood Death Toll Rises | Insight with Haslinda Amin 8/28/2026

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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
00:01:21 – Markets on edge ahead of Fed Chairman Kevin Warsh’s Jackson Hole speech
00:01:53 – Fed Balance Sheet Task Force Co-Chair Raghuram Rajan on persistent inflation
00:04:57 – Raghuram Rajan on Fed communication and market confidence
00:16:30 – Nepal flood death toll rises with 1,200 still missing
00:17:09 – Chaudhary Group Chairman Binod Chaudhary on the scale of destruction
00:18:22 – Chaudhary: Rebuilding to cost $5B
00:23:57 – India’s 2Q growth likely slowed on oil, El Niño shocks
00:31:45 – Nepal Finance Minister Swarnim Wagle on rescue and relief operations
00:39:50 – Wagle on Nepal’s long-term rebuilding needs and fiscal challenges
——–
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