Business
Yellen: Liquidity Played Important Role in Bank Failures
Treasury Secretary Janet Yellen says liquidity played an important role in the failures of Silicon Valley Bank and Signature Bank. She says the administration needs to examine what happened. She is questioned by Democratic Senator Elizabeth Warren during a Senate Finance Committee hearing.
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00:00:00 – Bloomberg: The Asia Trade begins
00:02:45 – US says it has completed strikes on Iran
00:07:10 – Bessent: Abenomics has worked, now time for Takaichi-nomics
00:09:28 – US 30-year bond on worst stretch since 2006
00:14:18 – Dell boosts annual sales forecast by $25 billion
00:19:51 – RBNZ expected to raise key interest rate to 2.75%
00:23:35 – Bessent suggests US backs BOJ action on the yen
00:31:24 – SEMI President and CEO Ajit Manocha on chips outlook
00:39:17 – Bathla troubles a test for private credit
00:41:33 – Australia’s 2Q GDP expected to slow
00:46:43 – Markets open in Japan, South Korea and Australia
00:51:10 – Nomura International Wealth Management’s Julia Wang on markets strategy
00:59:54 – Bessent: Iran doesn’t have control of strait
01:04:52 – Ueda: Recent rise in JGB yields tracks global yield trends
01:07:38 – BREAKING: Nvidia is said to near $14B deal for Hugging Face this week
01:12:54 – Trumpf Chief Technology Officer Berthold Schmidt on business strategy
01:20:44 – Deficit, inflation fears lift Treasury yields
01:25:42 – Global funds shun yuan options trades on decade-low volatility
01:29:22 – Bloomberg Opinion: Nepal needs more dams to avert flood disasters
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“Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. Today’s guests: Pantera Capital Founder & Managing Partner Dan Morehead, Strategy President & CIO Phong Le, and The Solana Foundation Head of Payments Growth Amira Valliani.
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06:53 Crypto vs. the AI Trade
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13:01 The Future of Digital Asset Treasury Companies
16:11 Hyperliquid’s Potential U.S. Expansion
18:08 Hyperliquid, Regulation & Illicit Activity Risks
19:20 The Battle for Crypto Perpetual Futures
20:48 Breaking News: Oil Surges on Iran Reports
22:00 Strategy CEO Phong Le on Buying Bitcoin Again
24:30 Strategy’s Shift to a Two-Way Bitcoin Strategy
26:39 Strategy Pushes Back Against MSCI Proposal
29:20 Strategy’s Balance Sheet & Bitcoin Risk
30:50 Breaking News: U.S. Strikes Targets in Iran
32:05 Tokenized Stocks & the Future of Markets
33:00 Solana Foundation on Global Market Access
36:11 Breaking News: U.S.-Iran Escalation
39:18 Trump Jr.-Backed 1789 Capital & Polymarket
41:00 Polymarket vs. Kalshi
42:00 Iran Strikes Move Oil & Stocks
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Business
Jean Hynes’ journey from administrative assistant to CEO #shorts #wealth #investing #career
Wellington Management CEO Jean Hynes reflects on her own career journey; starting as an administrative assistant and rising to become CEO. Watch more on this episode of “Bloomberg Wealth with David Rubenstein” https://bloom.bg/3Vz8fWb
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Nvidia delivered a sales forecast that left some investors underwhelmed, adding to concerns about the momentum of AI spending. Bloomberg Intelligence’s Mandeep Singh discusses the key takeaways from the results on “Bloomberg The Close.”
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Business
US Strikes Iran as Tehran Hits US Bases Across Gulf | Horizons Middle East & Africa 9/2/2026
US and Iran exchange strikes as the conflict intensifies, with US forces targeting Iranian air-defense and radar systems and Tehran launching what it calls a “decisive operation” against US bases across the region, including a drone attack on a US base in Bahrain. US Treasury Secretary Scott Bessent says Iran does not control the Strait of Hormuz.
Oil prices extend gains after the attacks, while Asian stocks decline as higher oil prices and bond yields weigh on markets. Bessent also signals US support for possible Bank of Japan action on the yen.
Australia’s economy grows 0.4% quarter-on-quarter in Q2, beating expectations and strengthening the case for higher interest rates, while New Zealand raises its benchmark rate by 25 basis points.
In technology, Nvidia is reportedly nearing a $14 billion deal for Hugging Face, Google could launch a new AI model, and Elon Musk says AI could eventually expand the global economy by 20% to 30%.
At the G20, Bessent says China was the main dissenter and blocked a joint communique over its trade surplus, while Beijing objected to language on supply chains and critical minerals.
Search teams continue looking for survivors in Nepal’s hydropower tunnels as the death toll surpasses 1,000, with no new updates reported from Tibet.
Senegal secures a $2.2 billion IMF deal as the country faces around $10 billion in annual debt-servicing needs.
Across the Gulf, resilience is reshaping a $2.1 trillion GCC investment cycle. Saudi Arabia’s Public Investment Fund is pushing to improve portfolio returns, control rising costs and address project delays. Its roughly $905 billion portfolio includes Savvy Games Group, New Murabba and Riyadh Air, as the fund remains central to Vision 2030 and Saudi Arabia’s drive to diversify beyond hydrocarbons.
Saudi Arabia also raises $3.25 billion through a bond sale that attracted more than $15 billion in peak orders. Guests includes Steven Major, Tradition Dubai Global Macro Advisor, Ben Powell, Blackrock Investment Institute Chief Middle East & APAC investment strategist.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:04:46 – US-Iran Conflict Intensifies
00:12:30 – Steven Major, Tradition Dubai Global Macro Advisor
00:28:10 – Ben Powell, Blackrock Investment Institute Chief Middle East & APAC investment strategist
00:34:33 – Senegal Secures $2.2B IMF Deal
00:39:10 – Saudi’s PIF Begins Portfolio Return Push
00:42:10 – Saudi Arabia Sells $3.25 Billion of Deb
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@dustinmontgomery7063
January 13, 2024 at 2:15 am
Banks are getting their structural integrity subsidized by the US taxpayers. This is be.
@JohnDoe-iv7yu
January 13, 2024 at 2:15 am
So if MY BUSINESS fails, I am screwed could even go to prison if I deliberately do something wrong or just sheer repellence. But if a BANK DOES IT, its bail out bail out bail out? Ok.
@surface_glow2520
January 13, 2024 at 2:15 am
Get yellen out! She opens her mouth and says nothing.
@PhilMoskowitz
January 13, 2024 at 2:15 am
Yellen is a major reason we are in this mess.
@10k-Noodles
January 13, 2024 at 2:15 am
Liz pretending she ain't a big bankie bro. Gross.
@danielponce341
January 13, 2024 at 2:15 am
What played role #1 was that when these SVB bank is playing liquidity problem, this management new darn well what situation they are in and why……AND YET !! in hurry they started to liquidate treasury bonds with lose because they started run not depositors …. they started run to steal money to by placing billions in the hands of they same crooks as they are to cut the pie after dust storm …
disgusting !
Now this government is robbing tax payers to please them so this silicon valley can handle propaganda for Biden !!!
@franksliwa362
January 13, 2024 at 2:15 am
Well…we know why this happened!! I was actually Democrat policies that created this firestorm! Also the people running the bank had no experience in the banking industry! The real kicker is, that they were democrats that had been put there! Seems to me more pay to play…money laundering…sounds like old Joes play book to me!!!
@leonardoalba9856
January 13, 2024 at 2:15 am
You want to stop this from happening again? Stop bailing out Banks!!!!!!! Is that simple!!!
@waynenativeamerica466
January 13, 2024 at 2:15 am
democrats are CRIMINALS in GOVERNMENT 2023. more RULES for THEE but NOT for bidens admin democrats 2023
@GiveMeEyeballs
January 13, 2024 at 2:15 am
Yellen 2017 said: I Don't See a Financial Crisis Occurring 'In Our Lifetimes – she is clueless
@jeririce4928
January 13, 2024 at 2:15 am
both seem low iq
@craigcolbourn8351
January 13, 2024 at 2:15 am
We gotta fox in the hen house folks. Wake up. Why is a Fed Chair running out Treasury?!
@icecreammanm
January 13, 2024 at 2:15 am
Do we still think Bitcoin is risky? People forgot that banks fail. People can't remember 15 years ago.
@fbenbow2197
January 13, 2024 at 2:15 am
I heard large banks still only need around 5 to 10 percent liquidity. They used to have far more. Maybe we should go back to measuring the value of currencies in silver sterling or clean water. Speculation of the stock market on things that haven't even happened and not enough investment in necessary things are some of the many problems.
@rolandoleiva4137
January 13, 2024 at 2:15 am
Ironic, culprits of the mess asking for more controls and regulations. There goes the Republic!
@seanneiberger4199
January 13, 2024 at 2:15 am
Yellen claims inflation is transitory and the banking system if strong. Lol.. I’m sure she thinks it’s a great time to buy a house too. What’s the old 80’s song.. lies lies lies yea!
@anthonyyoung5447
January 13, 2024 at 2:15 am
Bunch of Cowboys, doesn't matter what side of the isle you reside.
@brianryken2569
January 13, 2024 at 2:15 am
WOW… Treasury Secretary Janet Yellen doesn't know how the banks are stress tested i.e., Stress tests focus on a few key areas, such as credit risk, market risk, and liquidity risk to measure the financial status of banks in a crisis. She stated the stress test does not test for liquidity.
@twisted4872
January 13, 2024 at 2:15 am
An absence of Liquidity requires Credit . . .Inability to get Credit is . . . .?
@truepersona6804
January 13, 2024 at 2:15 am
LIQUIDITY IS NOT THE STRONG POINT OF ANY USA BANK !!!
@joesmith8288
January 13, 2024 at 2:15 am
This is all theater.
@slipperyeel9206
January 13, 2024 at 2:15 am
Omg this is a takeover of business, blatant communism.
@slipperyeel9206
January 13, 2024 at 2:15 am
You can regulate your way out of bad policy.
@HughJazz1951
January 13, 2024 at 2:15 am
Elizabeth Warren and Janet Yellen are 2 of the most uninspiring people in the Democratic sphere. YUK!
@eyelovecolorado2195
January 13, 2024 at 2:15 am
No shit Sherlock! Any jacka$$ knows that when you print $10 trillion in 2 years with no plans to pay it back the $hit will hit the fan.
@davidyoder-rh4wf
January 13, 2024 at 2:15 am
Thank u 2018. Tax. Act and bank deregulation. But students loans forgiveness is completely wrongful
@liyi3347
January 13, 2024 at 2:15 am
byebye🇺🇸
@steventang289
January 13, 2024 at 2:15 am
Its century of bank practice,we put 💯 doller inside they lend out 90, if the trust is gone no bank can stand the bankrun😂
@user-nt4gf6to5n
January 13, 2024 at 2:15 am
Biden Bailed out his donors, and sacrificed the Average American to higher for longer inflation. When will SF Fed Barry step down?
@seandechene
January 13, 2024 at 2:15 am
You get a bail out…..and you get a bailout……everyone gets a bailout! lol. "Sold not yet purchased" on balance sheets has yet to even be brought up and more time than not, is a risk staring at you in the face. Unrealized losses are clearly a risk as we have seen with these bank failures, yet no one has investigated them.
@Vladkazenski7777
January 13, 2024 at 2:15 am
Seems like asking questions just to attack
@vacationism
January 13, 2024 at 2:15 am
The blind leading the Blind.
@davidwthomson9641
January 13, 2024 at 2:15 am
The banking trust is gone.
@scottb2749
January 13, 2024 at 2:15 am
Blah blah blah