Business
Summers on First Republic Bank
Former US Treasury Secretary Lawrence H. Summers criticized Washington regulators and US banking giants for not having already figured out a solution for the troubled lender First Republic Bank.
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The MLB trade deadline is in the rear-view mirror, so Jason Kelly and Alex Rodriguez look forward to the rest of the season and break down the league’s recent contract negotiations with the players. Listen to their full discussion on this week’s episode of The Deal wherever you get your podcasts
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Microdramas — mini soap operas designed to be watched on your phone — have become one of the fastest-growing forms of entertainment in the world. #china #tv #movie #asia #news #entertainment
On today’s Big Take Asia podcast, host K. Oanh Ha speaks with Bloomberg’s Yang Yang and Bloomberg Businessweek’s Christopher Beam about how millions got hooked on the medium, the challenges studios face as they try to reach new audiences and how AI could transform it all.
Read more: https://www.bloomberg.com/news/articles/2026-08-25/how-two-minute-microdramas-took-over-phones-worldwide
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NYU Stern professor Suzy Welch examines a growing contradiction among Gen Z: young workers increasingly value achievement and career success while also wanting to spend less of their lives at work. Welch discusses shifting attitudes toward ambition, work-life balance and what the trend means for employers. She speaks with Bloomberg’s Tom Keene and Paul Sweeney.
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India is tightening its grip on foreign outflows as the Iran war fuels an energy shock. Fuel prices are up, gold and silver imports face tougher curbs, as the rupee has hit a record low against the dollar.
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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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@alannamichellepaulino8429
January 16, 2024 at 2:59 pm
Bueno sentensia telemicro abinader canpaña todo congreso ageno
@kmensa5301
January 16, 2024 at 2:59 pm
Summers want cheap stuff from china ; economists and the narrow thinking; never learn anything from the behavior of china during the Covid
@steve5289
January 16, 2024 at 2:59 pm
Plugging leaks when we need a new dam….
@steve5289
January 16, 2024 at 2:59 pm
FDIC covering all deposits = INFLATION ! terminal rate is much higher than 5.5% ! Wake Up !!
@james1327
January 16, 2024 at 2:59 pm
get this clown out of here.
@jamesdean1143
January 16, 2024 at 2:59 pm
So, this fraud blames inflation on greedy workers ?
The solution : eat the poor !
@SavonPha-eq1kl
January 16, 2024 at 2:59 pm
Bloomberg is governments,just like world news is civilization.And society is NASA,the organization will have to devolp currency score,to save Earth.
@scottdorsey8220
January 16, 2024 at 2:59 pm
Duh, Duh, Duh! Banking in ruins. Is anyone surprised?
@titusp9488
January 16, 2024 at 2:59 pm
5:23 "importing of lower price of goods is a part of the living standard of Americans" – wow … that is speaking to the poor … can you be more ELITest?
China is our rival … and Jake Sullivan is a genius of our times but he really is not …ahhaha … Summers berates like no other.
@nikgarcia2823
January 16, 2024 at 2:59 pm
Sounds like some of Larry's friends didn't buy in @ the bottom & now need a higher interest rate, .25% to be exact, to Manufacture a hard landing or CRASH. The Banksters & so called Economist have no heart for Hard Working Americans or The less fortunate. It's Hart Wrenching
@tylerscottcomedy
January 16, 2024 at 2:59 pm
I love how Larry's opinion has evolved towards more of a market perspective post Obama
@dukexrp4868
January 16, 2024 at 2:59 pm
i feel dumber after watching this ask real questions.
@darnellcapriccioso
January 16, 2024 at 2:59 pm
Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
@sylviahu6849
January 16, 2024 at 2:59 pm
❤
@JRay2113
January 16, 2024 at 2:59 pm
Larry Summers… 😂
@petfooddiet
January 16, 2024 at 2:59 pm
Title 12 u.s.c. 1431 tell you bank don't lend money and Title 12 u.s.c. 411 tell you what "Federal Reserve Notes" purpose was. Meaning this is all a scam to believe the people holding or having "FEDERAL RESERVE NOTES" On bank deposit or somewhere under your mattress you will be save. The Matter of Facts is all a illusion and scam. Now you hear on the news banks have a "Liquidity crisis" and this will no end well. So what ninja it saying is so true. Will we have "Social unrest" in America, more Lockdown or some kind of "crisis" and the last step "war" in country and all over the "World" because a "economic system" run by "FIAT" AKA "FEDERAL RESERVE NOTES" Are not welcome or accept it "Internationally"🤔
@hazmatman3120
January 16, 2024 at 2:59 pm
STOP listening to these ghouls! Powell and his ilk are intentionally driving the economy into the toilet to contain WAGES… not inflation. BTW… Most of the inflation we see is the result of corporate greed.
@schlemmermaul5224
January 16, 2024 at 2:59 pm
The king money printer, himself, Larry the cantillionnaire, Summers! He needs to be sent to pasture already. Sick of his drivel!
@redgumpm
January 16, 2024 at 2:59 pm
His conclusion is buy more cheap stuff from China and everything will be fine. BS in a suit always tastes better.
@ma_zu_888
January 16, 2024 at 2:59 pm
👍👍👍🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳👏👏👏
@sagebeer
January 16, 2024 at 2:59 pm
CEO's are getting paid at record highs, i rly don't think employees wages is the major cause for death spiral that you're hoping for…infact if anything big gov spending and lack of growth overall should be the elephant in the room. but then again? ya go ahead and cut wages, no more spending, and by default it puts people into a lower tax bracket so lower taxes as well.
Edit: china is a new kind of challenge? they are going to continue to do what they do. production. lmfao this guy is so lost in the sauce. they have ben Talking (but not that active) about removing the use of the dollar. so buisness as usual, i think this guy is ''much too quick' to pull the fire alarm, like America isn't going to grow like the rest of the world, because it will.
@LivingWithGout
January 16, 2024 at 2:59 pm
Deutsche Bank is next.
@nhantran6645
January 16, 2024 at 2:59 pm
this mother f is a friend of biden
@sentenialXmen
January 16, 2024 at 2:59 pm
Well put Larry. I have the same approach with Larry. I want to my citizens to be able to stretch our Dollar, saving more for citizens and business, and at the same time competitive. At the end of the day, there is no way to see 100% eye to eye with China or any other countries. We can't even see eye to eye with our own siblings. Ideological war is a waste of time without a good relationship.
@basilrichards4205
January 16, 2024 at 2:59 pm
Larry is a moron …. time for him to move off TV
@davelius
January 16, 2024 at 2:59 pm
Summary is wrong by not caring trade deficit and high trade barrier of other countries. Larry should tell other country to reduce tarriff
@PML859
January 16, 2024 at 2:59 pm
First ones to cry about communism and yet wants bailed out. Capitalism is supposed to have losers let them fail and let them reap what they sow! Like the rest of us
@MikaelArhelger
January 16, 2024 at 2:59 pm
Misinformation
@SkipinlLA
January 16, 2024 at 2:59 pm
he talks like Yellen like they are both stroke victims. both annoying AF