Business
McCarthy Says House Will Pass Debt Bill This Week
US House Speaker Kevin McCarthy says that the House will pass his $1.5 trillion debt ceiling increase plan this week. However, he didn’t clarify when asked if he has already secured the 218 Republican votes he needs. Tony Czuczka reports on Bloomberg Television.
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Business
Bank of America Slides on $1.21 Billion Fine as Chip Stocks Tumble | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec.
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Business
Stocks Waver Ahead of CPI, Bank Earnings; Aramco Hit By Houthis
US equity futures waver ahead of the latest CPI data and bank earnings. ASML boosts its sales outlook and warns that it may not be able to meet soaring AI demand in 2027 and 2028. Iran-backed Houthis launches attacks across Saudi Arabia, hitting Saudi Aramco’s headquarters. Russia strikes energy facilities in Ukraine. Jerek Kutylowski of DeepL speaks to Bloomberg’s Tom Mackenzie at the International AI Summit in Dublin. Christopher Hodge of Natixis joins “Bloomberg Brief” to look ahead to the inflation print. Stephen Biggar of Argus Research breaks down bank earnings with Bank of America and Morgan Stanley on deck.
Chapters:
00:00:00 – Bloomberg Brief begins
00:00:44 – Global Markets and ASML AI Demand
00:08:05 – Houthi Attacks Escalate in Saudi Arabia
00:10:38 – Russia, China and OpenAI Headlines
00:12:08 – Jarek Kutylowski, DeepL Founder & CEO
00:20:02 – Front Page News
00:24:01 – Christopher Hodge, Natixis Chief US Economist
00:32:49 – Stephen Biggar, Argus Research Director of Financial Institutions Research
00:39:43 – Russia Strikes Ukraine Energy Infrastructure
00:42:20 – CPI, Bank Earnings and Fed Outlook
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Business
Earnings Season, AI & Oil Prices in Focus
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are RockCreek CEO & Founder Afsaneh Beschloss, Barclays Multi-Sector Aerospace & Defense Analyst Anthony Valentini, Former Fed Governor Betsy Duke, Robinhood Markets CIO Stephanie Guild, Inflation Insights Founder & President Omair Sharif, Gabelli Funds Portfolio Manager Macrae Skyes, & Neostellar Principal Willy Lee.
Chapters:
00:00:00 Bloomberg The Close
00:01:55 RockCreek CEO on Markets, Energy & Geopolitical Risk
00:07:02 Power, Alternative Energy & Global Investing Opportunities
00:10:34 Tesla’s Robotaxi Push & the Race Against Waymo
00:16:15 Top Calls
00:21:58 Defense Spending, Earnings Season & Inflation
00:23:07 Former Fed Governor Betsy Duke on Rates & Inflation
00:28:18 Trump, Lisa Cook & the Future of Fed Independence
00:31:21 Fannie Mae & Freddie Mac Sink on Privatization Doubts
00:36:01 Robinhood on Markets, AI Investing & Rising Yields
00:41:09 AI Financing, Oil Prices & Market Risks
00:42:50 Closing Bell
00:48:00 Market Movers: Quantum Computing, Chipotle & LVMH
00:53:56 Market Recap: Banks, Oil & Tech Stocks
00:56:30 Inflation Insights on CPI, PPI & the Fed Rate Outlook
01:02:46 Central Banks, Treasury Yields & Market Fragility
01:07:44 Big Bank Earnings Preview With Gabelli’s Macrae Sykes
01:13:17 Anthropic IPO, OpenAI & the AI Investment Boom
01:18:21 Enterprise AI Adoption & Falling Model Costs
01:20:02 Meta’s Muse AI Agent & the Race for Consumer Adoption
01:25:07 Meta, Apple & the Battle to Become the Default AI Agent
01:28:26 What to Watch
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Business
US Prices Rise Most Since April
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from the campaign trail. On today’s show, University of Arizona Professor Samara Klar, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Democratic Congressman Don Beyer of Virginia.
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Business
Saudi Intercepts Houthi Attacks as Pressure Grows on US
Saudi Arabia intercepted more ballistic missiles launched by Yemen’s Houthis, as pressure grows on Washington to step up efforts to help its close ally. Bloomberg’s Abeer Abu Omar has the latest.
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@blabberwulf7650
January 16, 2024 at 12:55 pm
stop blacklisting the post .
No government recess till the Nation has a budget !
@rico2207
January 16, 2024 at 12:55 pm
REPUBLICANS NEED TO WAKE UP..SUPPORT OUR AGENDA CAUSE YOU WILL NOT BE REELECTED..
@willpickering5829
January 16, 2024 at 12:55 pm
McCarthy taking the economy hostage is absolutely pathetic. Imagine if the situation was reversed and democrats refused to spend a penny on the military until Trump's tax cuts were repealed. That’s the kind of arson we’re witnessing.
@bobbyhoward8935
January 16, 2024 at 12:55 pm
When I was a young man we played a game called chicken in our cars coming at each other head on mcarthy don't chicken out let's default
@cindyhulina5705
January 16, 2024 at 12:55 pm
Why don't they set a reset button on the debt to zero, cause over year's that's why the debt ceiling is so high. Playing games as a campaign for either Dems. ,Rep. or middle libs. are strangled holding people's lives away from the Capitol. I do here, and see, and read, and to know the decisions others have to make whether that person should be president or that one should be president when they can't even see a company Bed Bath and Beyond is closing. That was there for years, but because politics has branded labels to products and those that are responsible, are the people of Politics and can't see beyond what those of done.The food part, people rather send food to other countries and not the people of united states. Shutting people off from food, but come to a city New Castle Pa.where people are on SSI are getting bullied because of the disabilities that people under 60yrs. and younger.
@thienta8304
January 16, 2024 at 12:55 pm
Nhờ ơn Chúa Thánh Thần nên trong năm 2016 ở Việt Nam giống Xuất hành chương 7 câu 14 đến chương 10 câu 29:
Số 1: Nước biến thành máu: Cả 4 tỉnh miền Trung và thế giới từ 2016 đến 2023: Nước biến thành máu
Số 2:Ếch: Cả nước
Số 3:Muỗi: Cả nước
Số 4:Ruồi nhặng: Cả nước
Số 5:Ôn dịch: Sốt xuất huyết, sốt rét
Số 6:Ung nhọt: Bệnh Tay Chân Miệng
Số 7:Mưa đá: ở Sapa và các vùng lân cận
Số 8:Châu chấu: ở Lai Châu và thế giới từ 2016 đến 2023
Số 9:Cảnh tăm tối: Đó là 21,22,23 tháng 12 khi trái đất ở xa nhất mặt trời thì Bắc cực sẽ có ba ngày ba đêm không nhìn thấy nhau
Rồi một đêm tôi nằm mơ thấy những nấm mồ mầu trắng ở đó có hình Thánh Giá mầu trắng chung quanh là tím than. Rồi có tiếng hét: Chết hết cả rồi ! Tôi giật mình thức giấc:12 giờ đêm ở Mỹ (1 giờ đêm). Ở Việt Nam là 15 giờ cùng ngày
Rồi một đêm khác tôi nằm mơ thấy hai con chim nhạn bị bắn chết. Tôi nghe nó nói: Nó là anh em sinh đôi. Tôi liền nghĩ là……. Và Tận thế
Vậy…….. rồi tận thế lúc 12 giờ đêm ở Mỹ (1 giờ đêm). Ở Việt Nam là 15 giờ cùng ngày
YouTube:” Những dòng sông nước chảy như máu từ thế giới 2016 đến 2023” và “Những đàn châu chấu từ thế giới 2016 đến 2023”
Dịch bệnh, lủ lụt, các điềm lạ, động đất, hạn han……
Phản Kito là ĐGH
Sắp tận thế lúc 15 giờ cùng ngày
@bonghunezhou5051
January 16, 2024 at 12:55 pm
Australia does not go through with this debt ceiling imbroglio, I am sure!
@thealchemist69666
January 16, 2024 at 12:55 pm
I just laid a fat McCarthy….
@NomadBiker69
January 16, 2024 at 12:55 pm
It's so nice not to hear from Nancy slurring her words anymore
@simonewilliams7224
January 16, 2024 at 12:55 pm
We all have to live within a budget. When extra comes our way, we should be saving it for big ticket items or emergencies.
But we all know that way of living went out with our country printing money when they did not have the gold to cover its printing.
So great idea, take the US off gold as the standard for valuation. How well is that going?
It helped dissolve S.Africa’s Apartheid Regime.
The IMF rules heavily over poor Countries while the rich ones mostly ignore the IMF.
But the USA still does not feel the responsibly to balance their governmental budget and pour the better part of our taxes into services for its own people.
Keep being the self proclaimed saviors of the world or at least the one pushing rules on to them.
If not schools then at least renewing and refurbishing infrastructures all over the country.
Shorelines, bridges, roads, electrical grids everywhere in the USA.
Not concocting needs out of proportion for a flu as if it were the ‘new plague’ in order to raise inflationary levels on product and services some 500%. Greed only serves more evil and pride in people.
The reason for GOVERNMENT is to do the things that a person or smaller groups cannot do for themselves.Not graft, power, and wealth for only a few.
@hotrod6349
January 16, 2024 at 12:55 pm
We all know they will raise the debt ceiling. Our failed corrupt communist federal government cannot manage money only there own. This is a cat and mouse game they play for us. It's all bullshit it's a Hollywood movie for our entertainment. They all suck every damn one of them. They couldn't manage a lemonade stand. To hell with them all.
@jayh1391
January 16, 2024 at 12:55 pm
Under Trump, McCarthy passed debt ceiling 3 times and gave 2 trillion tax break to billionaires.
McCarthy propose to cut funds for low income families, Vets Insurance, Pell grant, baby formulas, etc
McCarthy will burn in hell.
@hungwilliam44
January 16, 2024 at 12:55 pm
Republicans are truly what's wrong with our country.
@rustzz8
January 16, 2024 at 12:55 pm
We need to get this debt under control on both sides of the isle its just ridiculous at this point. Maybe stop sending billions of dollars in aid over seas instead of trying to cut our social security.
@ranx9078
January 16, 2024 at 12:55 pm
8 trillion in additional debt in two years and you wonder why other countries don’t want to hold dollars anymore.
@aristophanesghost3839
January 16, 2024 at 12:55 pm
All Republicans do is cut programs to pay for their tax cuts for the rich. Vote blue.
@eddiekulp1241
January 16, 2024 at 12:55 pm
Put the pressure on Biden , it will be him plunges the country in chaos and hunger , economic ruin . Let him choose compromise or pigheaded stubbornness .
@coalroller9482
January 16, 2024 at 12:55 pm
What a joke ,just default
@kensweetser6901
January 16, 2024 at 12:55 pm
Need defund the FBI cia and IRS. They keep covering up the Bidens crime family corrupt
@landonor5475
January 16, 2024 at 12:55 pm
Hey Gaetz! Don’t forget about that single vote of no confidence rule! Time to go back to a speaker vote if that rino McCarthy caves!
@maryammosavi269
January 16, 2024 at 12:55 pm
The clowns are running the House!
@hamm24
January 16, 2024 at 12:55 pm
Never in my lifetime did I think I would see the economic destruction of America, and these people make it sound like it's of no significance.
@rolandmoreno3526
January 16, 2024 at 12:55 pm
Congress needs to flip the bills
@sybergato
January 16, 2024 at 12:55 pm
Whatever they release Biden won't agree with it.
@mikeouxma5061
January 16, 2024 at 12:55 pm
This idiot
@MaryLagor-yr6tm
January 16, 2024 at 12:55 pm
I advise not to partake in this warrants business its crimes against humanity. Using that to keep homeless people destitute and homeless 😮 ?!? Even a 19 year old passed that security clearance folks
@sarahmiller8120
January 16, 2024 at 12:55 pm
Cut All the politicians salaries down to the Middle Class,$75,000 a year, maybe then would not be so eager to give away tax money to other countries or spend tax money on wasteful crap. Make them pay for their own vacation out of the salaries, no more tax money goes into their pockets.
@tringuyen7519
January 16, 2024 at 12:55 pm
Debt bill doesn’t do anything. The current House can’t dictate what budgets future Houses will approve. But MAGA nut jobs will think so…
@milagrosshannon9356
January 16, 2024 at 12:55 pm
Is it happening this year??? Let’s pass president Biden’s budget!!! We don’t need republicans’
@ryanboyer5179
January 16, 2024 at 12:55 pm
No , he gonna lose his job
@BlackPhoenix313
January 16, 2024 at 12:55 pm
Are you serious??
Well, taxes are really going to go up again.
Be prepared for that tax bill.
I don't think that anyone is going to get a tax refund next year.
And the greenback is about to go down.
No wonder people are trying to invest in gold now.
@Nar419
January 16, 2024 at 12:55 pm
I will never forgive republicans for holding our debt ceiling and economy hostage
@gabrielruvalcaba2310
January 16, 2024 at 12:55 pm
I'm starting to dig Macarthy 👌
@inhisteps3125
January 16, 2024 at 12:55 pm
Must do away with legal plunder.
@Goodthrust69
January 16, 2024 at 12:55 pm
Every bill they pass is a debt bill…
@kennethslough5747
January 16, 2024 at 12:55 pm
WAKE UP AMERICA 🇺🇸 DECISION MAKERS 2O24, WE WILL PREVAIL AGAINST THE LEFTISTS EVIL 😈
@denisedecarlo9311
January 16, 2024 at 12:55 pm
GOP is corrupt, lying, sick…VOTE BLUE get the criminals out of our government
@ITGuy1970
January 16, 2024 at 12:55 pm
By gutting social programs and keeping the tax cuts for the richest… way to go you do-nothing oligarch sycophants.
@denisedecarlo9311
January 16, 2024 at 12:55 pm
Can't even look at this creep…he does't BELONG in our government as he is UNFIT part of the Coup, a traitor and should be in jail
@putinscat1208
January 16, 2024 at 12:55 pm
Just repeal the law.. We are tired of the debt BS.
@franciscoavila7499
January 16, 2024 at 12:55 pm
Kevin is an idiot and he knows it…!!!
@guitarjeff55
January 16, 2024 at 12:55 pm
Hey tony. We. Republicans are lipt about social security. As well. Buster
@hollowpoint1057
January 16, 2024 at 12:55 pm
If the GOP folds, I’m officially done with them. Let the government shut down if necessary. Who cares? I’ve never even noticed in the past. Our government is far too big anyway.