Business
Wall Street Week 10/27/2023
On this edition of Wall Street Week, Evercore Founder and Senior Chairman Roger Altman tells us why the era of ultra-low interest rates is over. Former US ambassador to Israel Thomas Nides still hopes a normalization of US-Saudi-Israeli relations is possible. Wells Fargo Head of Equity Strategy Christopher Harvey and Citi Global Wealth Head of Investment Solutions Kristen Bitterly talk about the challenges of positioning for equities without knowing how high rates can get.
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, according to a joint statement carried by the Oman News Agency, as the two sides press ahead with long-running talks over navigation through the key waterway.
Stocks rose as Asian chipmakers advanced ahead of Nvidia results, with traders looking to the chip bellwether’s earnings for the next beat in the AI trade.
And Bloomberg learns the Trump administration is discussing additional trade penalties against Canada after Prime Minister Mark Carney unveiled dollar-for-dollar retaliation to new tariffs imposed by the US.
Chapters:
00:00:00 – Daybreak Europe
00:00:42 – Nasdaq Futures Underperforms Ahead of Nvidia
00:03:15 – Nvidia Report to Show Sustainability of AI Spending
00:05:09 – Iran, Oman Push for Interim Hormuz Reopening
00:05:36 – Hormuz Transit Routes Emerge
00:15:37 – ECB’s Schnabel Says Rates Must Rise Further on Inflation Risks
00:18:25 – OpenAI Steps Into the Chips Race With Jalapeno
00:24:51 – Stocks Rise in Runup to Nvidia, Oil Extends Slide
00:28:14 – Carney Matches Trump Tariffs With 50% Tax on US Dairy, Steel
00:31:44 – Meta, States Have Discussed Settling Teen Social Media Case
00:35:11 – Trump-Backed Darline Graham Wins Senate Runoff in South Carolina
00:41:11 – France Heads Into Budget Debate on Weak Footing
00:43:21 – ‘Queen of Country’ Dolly Parton Dies at 80
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Rachel Reeves says concerns about a US-UK trade deal can’t affect decisions about combat operations in Iran.
Speaking to Stephanie Flanders, the UK chancellor defended the decision not to back the initial American-Israeli strikes.
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
Treasury Secretary Scott Bessent’s threat to unleash an “economic D-Day” against Iran risks setting the US on a collision course with China, its main trading partner. Bessent promised an “economic onslaught against Iran’s financial connections around the globe” as President Donald Trump tries to wind down his unpopular war in the Middle East.
US stock-index futures gained as pressure on technology shares eased, signaling tentative optimism ahead of key earnings this week that will test confidence in the artificial intelligence trade. Bitcoin advanced to a three-month high.
And Volkswagen CEO Oliver Blume prepared to confront workers over his plans to radically shrink the carmaker, a test of his ability to push through sweeping changes at speed.
Today’s guest: Anna Macdonald, Hargreaves Lansdown, Investment Strategy Director
Chapters:
00:00:00 – Daybreak Europe
00:02:47 – Asian stocks fluctuate as caution builds
00:04:44 – US threatens Iran’s trade partners with sanctions
00:09:59 – Bessent’s Iran threat hinges on willingness to hit China
00:12:30 – Carney: ‘Momentum reversed’ on US trade talks
00:15:35 – Bessent stops short of new bond measures
00:19:38 – Bloomberg Intelligence looks at how Hormuz shock will reshape energy market
00:24:17 – Tuesday headlines
00:26:20 – Front page news
00:27:32 – Anna Macdonald, Hargreaves Lansdown, Investment Strategy Director
00:34:32 – Tuesday top stories
00:36:07 – Volkswagen CEO to present restructuring plan to workers
00:39:34 – Grosvenor’s heat warning for London luxury homes
00:42:00 – Tuesday top stories
00:44:15 – US importing more from Canada than China
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Saira Malik, Chief Investment Officer at Nuveen, talks about what she wants to hear from Fed Chair Kevin Warsh in Jackson Hole and she explains why she’s bullish on software stocks. Malik speaks on “Bloomberg The Close.”
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Business
Putin Moves to Escalate War in Ukraine, Nvidia Fuels Faith in AI Boom | Opening Trade 8/27/2026
Russia is preparing to escalate attacks on Ukraine after concluding that negotiations for a peace deal have reached a dead end, according to three people close to the Kremlin.
For now, Russia is weighing an intensification of powerful conventional ballistic missile attacks on Kyiv, including the center of the capital, and infrastructure targets in other Ukrainian cities, the people said, asking not to be identified because the matter is sensitive.
Nvidia, the chipmaker at the heart of the artificial intelligence boom, gave a bullish sales outlook for fiscal 2028, easing concerns that AI spending is poised to lose momentum.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade | 8/27/2026
00:01:22 – Nvidia Bullish Outlook
00:04:18 – Global Inflationary Pressure
00:06:35 – Putin To Escalate War on Ukraine
00:09:07 – Daybook
00:11:26 – Nvidia Outlook ‘Crushes Expectations’
00:13:23 – Chinese AI Ecosystem
00:15:05 – Paul Markham of GAM investments
00:21:35 – Need To Know: Nepal, Fed’s Cook, Meta
00:25:34 – Matthias Reschke of JPMorgan
00:34:23 – Focus on Jackson Hole
00:36:29 – CIA Director’s Visit to Moscow
00:39:14 – MLIV
00:42:54 – Stocks To Watch
00:47:59 – The Market Open
00:50:06 – Stephanie Niven of Ninety One
00:58:49 – Core 6 & Movers
01:03:44 – Nvidia Outlook Boosts AI Optimism
01:05:49 – Meta Settles US Lawsuit
01:08:25 – Pernod Ricard Revised Guidance
01:15:47 – German Minister for Digital & State Modernization Karsten Wildberger
01:24:54 – Exclusive: Lockheed Martin Europe CEO Dennis Goege
01:28:36 – Historic Seasonal Lows for EU Gas Inventories
01:31:34 – Markets Brace for Warsh Speech Friday
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@ranand089
December 31, 2023 at 3:36 pm
🦋
@coldflu
December 31, 2023 at 3:36 pm
All securities are insecure.
@jarrodmagnusson4101
December 31, 2023 at 3:36 pm
Israel is at war with the Palestinian people. Can anyone explain with ISIS never attacks Israel? ISIS = Israeli Secret Intelligence Service.
@edmundlively8137
December 31, 2023 at 3:36 pm
The expectations of a lag has already been priced in
@alfonsoalfonso5254
December 31, 2023 at 3:36 pm
These humans? Should be on Disney show. It’s true that some humans will say, if you pay them or tell them this is good for your career. Money money
@bigdog8116
December 31, 2023 at 3:36 pm
If your stock price has fallen significantly, you’re going to have a higher you so watch what you buy right now the market is on sale. Don’t listen to these gurus.
@blankjohnson6934
December 31, 2023 at 3:36 pm
Economy speed for jenet yellen and JPow maybe, not for anyone else
@j.y.
December 31, 2023 at 3:36 pm
The USA is in the middle east in order to say Arabs: hey stop resisting while Jews are killing you. Isn't it the definition of a terrorist?
@cortlandjdmayberryshraderm9619
December 31, 2023 at 3:36 pm
Well this is great that Rodger was part of that group back in the mid to late 1990s when we had a balanced budget and we started paying down the debt that most all of us conveniently forgot so we must balance the federal budget again and start paying on the national debt just like in the late 1990s even if it means putting people like Rodger and the others involved to work as part of a group on that studying and replicating those balanced budgets of the late 1990s the federal government must balance its budget and start paying down its debt just like all
@2-worlds-on-earth
December 31, 2023 at 3:36 pm
Value Added Tax may be the simplest tax system to raise government revenue.
@lawrencefeldman462
December 31, 2023 at 3:36 pm
Speaker of the House is a challenge for the corporate profits. This new holy roller guy is a clear character that corporate heads worrying about. Most Americans aren't religious anymore, and having a holy roller in the speaker of the house is a joke.
Stocks fall in the new year. Bonds pave the way into 2024.
@johnmerlino7011
December 31, 2023 at 3:36 pm
How's the GDP if you remove the Boeing Orders and this year's $1.7 Trillion in Deficit Spending? Was inflation accounted for in the GDP? Does this equate to Negative GDP? The most American small business failures in history! Fake cooked numbers, Monthly "Revisions" on most data points, Lowest Trade & highest Consumer CC debt levels, record homelessness, rising retail crime, and a country headed into supporting three war fronts (Ukraine, Israel, and next the South China Sea). We are in trouble with uncontrollable spending and $33.6 Trillion dollars in national debts and unending bi-partisan backed trillion-dollar deficits.
@Lord_Saruman
December 31, 2023 at 3:36 pm
Some nonsensical comments about Boomers. If they go on stage it's because there is a demand for it. And what are they supposed to do with their houses? sell and go to a managed facility? Give me a break!
@jopowicz
December 31, 2023 at 3:36 pm
People like Altman have been wrong since the '80's and will continue to be wrong.
@bettywong53
December 31, 2023 at 3:36 pm
Thomas Nides' title is so amazing: Ambassador to Israel, Morgan COO…….. Cross over political and finance. What a Talent!
@bluestarcesium
December 31, 2023 at 3:36 pm
When Roger talked about Apollo Capital, and other hedge funds, Roger mentioned that rising interest rates would have an adverse effect on them. It would have been nice to understand what Roger implied would happen to hedge funds and the investment community, because of the higher for longer interest rates.
@tommay7735
December 31, 2023 at 3:36 pm
GOP saved the country in the 90s not Clinton. Cant tell me there is not pork/fat in the budget. Never about taxes rates, about the loopholes. That Democrats love so much.
@gmax9797
December 31, 2023 at 3:36 pm
The Economy is only working for the top 10% and Biden, Hillary, and Republican Hawks and Mainstream Media including DUMB CORRUPT Bloomberg are CORRUPT WAR MONGERS
@davidblick2192
December 31, 2023 at 3:36 pm
The Palestinian people ELECTED Hamas to represent them. Think about that.
@christidavis6182
December 31, 2023 at 3:36 pm
Wall Street Week
10/27/2023