Business
£300B Wiped From UK Markets in Truss’ First Month as PM
At least £300 billion ($340 billion) has been wiped from the combined value of the UK’s stock and bond markets since Liz Truss became prime minister. Unfunded tax cuts, intervention by the Bank of England and a humiliating government climbdown have raised questions over the credibility of Truss’s government. Yesterday, Fitch Ratings lowered the UK’s credit outlook to negative from stable, citing risk that the new premier’s growth plan could increase the fiscal deficit. Joe Easton reports on Bloomberg Television.
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Former Canadian trade minister Mary Ng tells Bloomberg TV that she sees a permanent shift in the US posture on trade with its northern neighbor. She speaks after Canadian Prime Minister Mark Carney’s government said it sees little chance of resuming talks with President Donald Trump before the midterm elections. (Corrects spelling of interviewee.)
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Business
Meta’s Zuckerberg strains to assuage investor worries on AI bet #shorts #meta #ai #zuckerberg
Meta gave a disappointing revenue forecast for the current quarter, intensifying investor concerns that the social media giant isn’t swiftly benefiting from its massive outlay on artificial intelligence. Ed Ludlow reports https://bloom.bg/4g3auMc
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Bill Dudley, a Bloomberg Opinion columnist and former New York Fed President, explains why he thinks US the equity market is in bubble territory. Speaking with Romaine Bostick on “Bloomberg The Close,” Dudley also comments on the economic impact of AI and the rise in bond yields.
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The $19 billion market for menopause treatment is booming. But the gold rush is leaving some women behind.
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Gennadiy Goldberg, TD Securities head of US rates strategy, says interest rate hikes by the Federal Reserve could help flatten the yield curve. But he believes the Fed is going to try and hold rates steady. He speaks on “Bloomberg Surveillance.”
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@martinrea8548
December 31, 2023 at 10:25 am
That scruffy young man needs a shave.
@jasperliew1030
December 31, 2023 at 10:25 am
On my very first day, I said I must get tough on China, I thought this will get good flows, especially from my master….
@jmcm8546
December 31, 2023 at 10:25 am
From us here in Ireland who have also been victims of Uk policy for several hundreds of years, it's nice to see truss+ Tory Party doing such self-inflicted damage to uk economy
@johnwhogan1610
December 31, 2023 at 10:25 am
You don’t get a second chance to make a good first impression. Thanks for trashing my pensions and my flat sale. 👍🤬
@iansmith8731
December 31, 2023 at 10:25 am
You go girl!
@andreaforlani2262
December 31, 2023 at 10:25 am
England in default 😂🎉
@207history2011
December 31, 2023 at 10:25 am
Lol…. Cambridge or Oxford creditably at stake with this type of leadership. 😂
@Aryan-eh7py
December 31, 2023 at 10:25 am
When karma hits harder then a truck 🤣🤣
@anntan734
December 31, 2023 at 10:25 am
We need a replacement somebody brighter to get out of this Rut otherwise we are done
@lw1zfog
December 31, 2023 at 10:25 am
Babylon falling.
@ray5749
December 31, 2023 at 10:25 am
more expensive than the Russia-Ukraine war
@schannks5018
December 31, 2023 at 10:25 am
The Tories made a huge mistake choosing utterly clueless Liz Truss instead of Rishi Sunak. Now the country is paying for it. We need to get rid of Liz immediately!
@davidnichol6282
December 31, 2023 at 10:25 am
The perfect economic storm a British prime minister was asked a number of years ago what can become dangerous for a Government. A combination of unseen events.
@ctwatcher
December 31, 2023 at 10:25 am
Ask her what she will do with the old turbines that aren't recyclable, into the ocean, make a bridge for all the invaders? Or on a barge to another 3rd world nation? Oh wait.
@benpang1396
December 31, 2023 at 10:25 am
Well done genius.
@contemplating1015
December 31, 2023 at 10:25 am
Price caps don't work Liz because you cannot print molecules like your friends do at the BoE with the pound. Physics is unavoidable 🙊🙉🙈🤡👍
@gmoac
December 31, 2023 at 10:25 am
good job Liz!!
@ussreeves24
December 31, 2023 at 10:25 am
keeping rate low is not realistic…jsut make inflation bad.
@PD55_
December 31, 2023 at 10:25 am
Glad I'm broke, I would have lost a lot of money in the casino markets. Can't fall off the floor, mates.
@gogrape9716
December 31, 2023 at 10:25 am
🤣🤣🤣🤣 Bozo is happy he is out of office…GRINS…..
@bruzwilly6440
December 31, 2023 at 10:25 am
Because this lady is good only for pageant…
@Danny691966
December 31, 2023 at 10:25 am
Truss said "vote for me, I'll make things better" well that never happened, it got worse & she is prepared to be a unpopular PM to get it done she said. If the normal person acted like her they would have lost their job. Get her out or she will ruin the tory party for good. Cut taxes for the rich, f**k the poor, is this not what dictators do? Remember Thatcher was ousted for the Poll Tax, Boris was out over a party, so what's the problem with her?
@correctpolitically4784
December 31, 2023 at 10:25 am
She's like the fkn Joe Biden of the U.K. . If you only had a conservative option , this is what happens when the older generation dies off and all that's left are idiots.
@johndingle6293
December 31, 2023 at 10:25 am
Just print it. Lol
@hayden1770
December 31, 2023 at 10:25 am
The UK needs to perform more diplomatic boycotts of Olympic Games in order to get their economy back on the right track!
@jimbojimbo6873
December 31, 2023 at 10:25 am
People stop acting like market performance is some measure of a PMs success
Their responsibility is the real world not the FTSE100
@twobeerjohn
December 31, 2023 at 10:25 am
Weve lost more since Potsie became president. So, cry me a river England. Boo Hoo.
@ags4058
December 31, 2023 at 10:25 am
Lizz trust quite jenius…..
@swaep114
December 31, 2023 at 10:25 am
6 % Gains Today. * GEGR.. Gaensel Energy Group. 15 Diversified Co's. Profitable. New Acquisition Wed. Only 249 mil shares outstanding and 85 mil share float. 5 Divisions. Extremely Undervalued/ Undiscovered. * IQSTEL.. Up 3 % Today. Videos.
@swedesam
December 31, 2023 at 10:25 am
First Brexit and now Truss….UK is slowly imploding into an emerging market.
@hangender
December 31, 2023 at 10:25 am
Good. Keep it up truss.
@user-wr4yl7tx3w
December 31, 2023 at 10:25 am
The Exchequer failed in Econ 101. Does he really have a phd in economics?
@sychoxxxx
December 31, 2023 at 10:25 am
the sanctions are finally working
@dagsterblaster4973
December 31, 2023 at 10:25 am
Bloomberg is a political channel masquerading as a finance channel. The UK is a political and financial mess for decades coming and the second Truss takes over all a sudden it's all her fault….lol…. and Bloomberg is only all to happy to promote this ridiculous narrative.
@7tubebabe
December 31, 2023 at 10:25 am
Absolutely! The S&P 500 lost about $1.04 trillion since Truss' first month as PM as of today. Anyone else wanna check other markets losses since she got in No.10?
@illegalsmirf
December 31, 2023 at 10:25 am
That bloke is a real geezer, innit
@joec8942
December 31, 2023 at 10:25 am
This what happens when hard line conservatives get power. Not saying hard line liberals are better but they are a little and the obvious answer to ruling is somewhere in the middle.
@thomasrobert5343
December 31, 2023 at 10:25 am
Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world. both NFT, real estate, Stocks and Crypto is positively changing people's lives. I stopped panicking about the market the very moment I started working with Josef Dennis last year, his confidence and skills is on a maximum level…..