Business
Odds of Recession Soar to 72% Under Biden
The risks of a US recession under President Joe Biden have soared to 72% according to Bloomberg Economics models. This could spell trouble for the White House and Biden’s chances at a second term. Greg Valliere of AGF Investments joins “Bloomberg Markets: European Close.”
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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern have the economy and global markets “under surveillance”. Their daily conversations with leaders and decision makers from Wall Street to Washington and beyond cover the latest in business, investment, and geopolitics. No other program better positions investors and executives for the trading day.
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New York City Comptroller Mark Levine is calling on Anthropic PBC to delay its possible initial public offering due to artificial safety concerns. He says the company needs to address safety work and mitigate risks now, before it faces shareholder pressure to perform. He speaks on “Bloomberg Surveillance.”
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Anastasia Amoroso, Partners Group chief investment strategist, says the Federal Reserve is unlikely to raise interest rates at its next meeting, even after hotter-than-expected producer price data. She speaks on “Bloomberg Open Interest.”
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Business
Stocks Rise Ahead of More Data; US Hits China with 100% Tariffs on Drones | Bloomberg Brief 08/14/26
US equity futures waver after stocks notched a fresh record high ahead of retail sales and consumer sentiment data. Oil climbs as Treasury Secretary Scott Bessent says the US will announce unprecedented plans for Iran’s “economic isolation” next week. The Trump administration imposes levies of as much as 100% on imported drones and components, further decoupling from drone supply chains with China. OpenAI is said to be on track to generate annualized revenue of more than $40 billion. Stephanie Guild, CIO of Robinhood, looks ahead to more data following the latest signs of cooling inflation.
Chapters:
00:00:00 – Bloomberg Brief Begins, Top Stories & Global Markets
00:01:03 – Global Market Check: Asia Markets: Stocks Rally, Korea Leads Gains
00:02:24 – Europe Markets: Stocks, Dollar & Bond Yields
00:03:42 – US Markets: Record Highs & Treasury Yields
00:05:00 – OpenAI Revenue Surges Ahead of Potential IPO, Chinese AI Models Challenge OpenAI & Anthropic
00:09:10 – Trump Administration Hits Imported Drones With 100% Tariffs
00:10:34 – US Economic Isolation Plan for Iran & China Implications
00:12:34 – 30-Year Treasury Yield Hits 25-Year High
00:13:44 – Retail Sales, Inflation & the Fed Rate Outlook
00:15:02 – Trending on the Terminal
00:16:56 – Global Shipping & Mexico’s Alternative to the Panama Canal
00:20:59 – Front Page News
00:21:38 – Markets Update: Stocks, Bonds, Oil & the Dollar
00:23:11 – First Look Movers: Applied Materials, Drone Makers & Reddit
00:24:43 – Stephanie Guild, Robinhood CIO, on Whether Markets Can Keep Rallying
00:32:53 – Trending on the Terminal
00:35:17 – US to Roll Out Economic Isolation Plan for Iran Next Week, 100% Drone Tariffs & US-China Trade Tensions
00:38:02 – OpenAI’s $40 Billion Revenue Run Rate & IPO Prospects, Investors Get More Selective on AI & Tech
00:42:00 – What to Watch
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Russia’s military spending is on track to hit a record this year after Vladimir Putin added almost $60 billion to the costs set out in the budget. Greg Sullivan explains.
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@blacknwhitehound
January 22, 2024 at 11:31 am
This country if screwed for at least the next ten years …
@joshrRealAmerican
January 22, 2024 at 11:31 am
Worst. President. Ever!
@neptune9238
January 22, 2024 at 11:31 am
We need to impeach this guy, but if we do that, then Kamala is sworn in…so let’s coup him out!
@stevemitchell8631
January 22, 2024 at 11:31 am
Well let's get the next great depression started I'm ready
@ayeehl5886
January 22, 2024 at 11:31 am
… I’m not fooled- it doesn’t matter- “chump… hiden”- it’s two sides of the same plugged left/right paradigm nickel… these guys are figure heads for the puppet masters “behind the
[🚧destruction- project] curtain”…
@TheDaeroner
January 22, 2024 at 11:31 am
Wasn't all this supposed to happen in Russia?
@omarlocke4351
January 22, 2024 at 11:31 am
nothing but chaos and misery!
@donhack3862
January 22, 2024 at 11:31 am
He is going to put us in a depression
@ultra_ultra_ultra_magaman3022
January 22, 2024 at 11:31 am
Has China Joe ever kept his Promise?
A Resounding Yes — To Shut down the US Oil/Gas Industry
"When I was Vice President during our Administration in the Recovery Act, I was able, was in charge and able to bring down the cost of renewable energy to cheaper than or as cheap as coal and gas and oil. Nobody’s gonna build another, uh, coal fired plant in America. No one’s going to build another oil fire plant in America. They’re going to move to renewable energy"
– China Joe OCT 22, 2020 Presidential Debate
"The Green New Deal will pay for itself as we move forward. We’re not going to build plants that, in fact, are great polluting plants"
– China Joe Sept 29, 2020 Presidential Debate
*"We will rebuild the U.S. economy and fundamentally transform roles the government plays in American life.
– China Joe
"THIS WILL TAKE A WHILE AND TAKE SOME TIME TO GET BETTER, GAS PRICES ARE PART OF AN INCREDIBLE TRANSITION AND ONCE THIS IS OVER WE WILL BE LESS RELIANT ON FOSSIL FUELS"
– China Joe
On Jan 27th 2021 – Blooberg Quicktake:now on YouTube stated – In the most ambitious U.S. effort to stave off the worst effects of climate change, President Joe Biden is aiming to cut oil, gas and coal emissions and double energy production from offshore wind turbines through a series of executive orders DKSDL LGB
@allamericanstacker2563
January 22, 2024 at 11:31 am
Biden is selling out america because ukraine is black mailing him for the dirt him and his son was doing over there. Wake up sheeple
@urickbaptiste5297
January 22, 2024 at 11:31 am
Let’s goooooooooooooooooooooo!!!!!! BRANDOOOOOOOOOOOOOOON!!!!!
@thathockeyguy1
January 22, 2024 at 11:31 am
Like Obama told that Newsweek reporter in 2019: never under estimate the ability for Joe Biden to fxxk something up.
@jakeroth5809
January 22, 2024 at 11:31 am
Everything Biden touches turn to crap😛
@willieboy3011
January 22, 2024 at 11:31 am
Democrats have the House, the Senate, and the President, and what have we gotten?
40 year high inflation, record gas prices, supply chain issues still unresolved, stock market continued downward plunge, and many food products unavailable are just supposed to be ignored.
@harukrentz435
January 22, 2024 at 11:31 am
Whats wrong with him? I thought Trump was bad but my god Biden is on totally another level of bad. His stupid policies impact the whole world not only america.
@ongke35
January 22, 2024 at 11:31 am
after no longer know who to blame. I worry that biden will blame his wife for his ignorance.
@josephcasanova5990
January 22, 2024 at 11:31 am
Biden should send a stimulus check out to everyone at least $600 for everyone would help a little $1000 for dependents type of thing with all the rise on everything that money or credit can buy I think it would help pass the word out no restrictions or child support involved just a Lil bit for everyone
@sneakerfreaker8843
January 22, 2024 at 11:31 am
We need him go out of office all of them drain the fucking swamp
@debbygerrard9803
January 22, 2024 at 11:31 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 and Crypto shares are really positively changing people's lives.
@bojanstojicevic2642
January 22, 2024 at 11:31 am
ZELENSKY…The Man Who Accidentally KiILLED The Most People In UKRAINA. HE DOESN'T KNOW to STOP … CONVINCED that HE is THE STRONGEST MAN in THE WORLD.
ACTOR ONCE – FOREVER ACTOR.
GOD HELP UKRAINIANS to SURVIVE with ZELENSKY!!!
S T O P T H E W A R
YES, The US and NATO Don't Care How Many Ukrainians Die
@scottymathieson9529
January 22, 2024 at 11:31 am
KAMALA HARRIS can't wait for Joe to go to the retirement home !!!
@chazlon5061
January 22, 2024 at 11:31 am
chances are closer to 40% in 2023. Should be a short lived recession and won't even happen for several months 👍
@sizzla123
January 22, 2024 at 11:31 am
Garbage In, Garbage Out
@j.griffith7842
January 22, 2024 at 11:31 am
Build back better..Lmfao
@whynotstartusingyourbrain8726
January 22, 2024 at 11:31 am
Whats really important here is to remember at Trump fucked up the covid response by ignoring it until it was out of control. Also he emboldened Putin to attack the Ukraine. Evervthing that's causing a problem today has it's root cause in Trump's incompetence. Biden had to clean up the mess that Trump left behind. Therefore talking about the Biden inflation is absurde. It's the Trumpflation.
@R1GAMBLER
January 22, 2024 at 11:31 am
⚠️ 2000 MULES ⚠️
@darthbabyyoda9538
January 22, 2024 at 11:31 am
I think there could be a 72% chance that a broken watch is right twice a day.
@williamdavis9943
January 22, 2024 at 11:31 am
Depression coming up.
@HW2800
January 22, 2024 at 11:31 am
President Biden is the greatest U.S. President and world leader yet! How can one not follow his great leadership?😀👍
@chamnap2990
January 22, 2024 at 11:31 am
Relax, it's just transitional, according to Joe.
@invisibilianone6288
January 22, 2024 at 11:31 am
He said a mouthful,,, right at the 2:18 to 2:20 point in this video🎯
@dewaynewalker2104
January 22, 2024 at 11:31 am
Biden's respose to the self-inflicted hyperinflation and gas prices is just put more EVs on the road. I am sure every middle class person has $60,000+ just sitting around to follow this delusionary answer to the financial crisis. Green world is still a decade off but Joey is still trying to blackmail everyone into the transition today. The mid-terms cannot come fast enough
to have a more conservative Congress put some fiscal constraints on this crazed administation.
@AdamBorseti
January 22, 2024 at 11:31 am
"Some people are so behind in a race that they actually believe they're leading." – Junior Soprano
@archiey2k1
January 22, 2024 at 11:31 am
trump was right
@AM-jw1lo
January 22, 2024 at 11:31 am
Not sure why you had to put Biden in the headline. This poop has been ready to topple for some time, Ukraine has just stopped the prop up early. Fiscal responsibility has been avoided for decades, even after the 2008 fiasco. Everyone has been borrowing for a long long time and when that stops the whole world has to hiccup and we you know it so quit with the Biden is the figurehead crap. Bad enough the Republicans are going to say they have no responsibility, its all hogwash, China building ghost cities, infrastructure being ignored, letting Russia control energy (pump baby pump, vs true recycling and energy frugality). Greed has won the day and the ponsi scheme was bound to check sometime, but lets try to make a scapegoat. Not smart, the radical elements are waiting to pounce and they are a bigger threat to all.
@zeke5491
January 22, 2024 at 11:31 am
He’s just providing a buying opportunity for all you investors
@PD55_
January 22, 2024 at 11:31 am
Biden is an unlucky victim, as we all are. Inflation is a self-inflicted wealth-destroying disaster originally triggered by the Fed and Treasury, with Congressional approval, started printing $Trillions exponentially spring 2020. How will Republicans fix this? Nothing much will change. Yes, let's look at Hunter's laptop as a top priority.
@nancygross2196
January 22, 2024 at 11:31 am
Looking???? We are in a recession!
@markbn2883
January 22, 2024 at 11:31 am
what about a social security increase they have money for Ukraine and illegals and everything else !
@tjtj7161
January 22, 2024 at 11:31 am
I like how people blame Biden when it's super obvious it's from the entire planet spending money to stop Covid from sending us into economic collapse. The fed NEEDS to increase interest rates and Biden can't and shouldn't stop them from doing what they need to do. I still think Biden could be doing more, but it's laughable to think that a single person or party is responsible for something that everyone saw coming. Trump or Biden, they'd both be sitting in the same filth and getting the same blame undeservedly. I get it's a good political football to feed the ignorant, but it's pretty easy to see through. Saying this, I don't think Biden is a good President and I think Trump was a horrible one. I hope we get someone moderate democrat/republican that can soothe tensions and bring us back down to Earth. Definitely NO authoritarians though, or people who flirt with it.
@jmlfa
January 22, 2024 at 11:31 am
This clown is embarassing !
@kennethwilson8633
January 22, 2024 at 11:31 am
Fear mongers
@Boricua-tn7ve
January 22, 2024 at 11:31 am
“If we aren’t governed by God, we will be governed by Tyrants “ William Penn
@donniefusionchannel6752
January 22, 2024 at 11:31 am
Can we get him out Jesus let his ass step down
@tenzinnordron9836
January 22, 2024 at 11:31 am
Biden & his Neo-Con War Masters are a disgrace & ruining the Nation!
@tenzinnordron9836
January 22, 2024 at 11:31 am
He.could stop continuing the vicious Proxy War, which the US/NATO is losing – oh, your guest references the De is in the Room!
@hemaccabe4292
January 22, 2024 at 11:31 am
Last time I was in grocery, my groceries were up 50%. Eggs over 100%. Gas is up over 500%. We're past 100% inflation right now! Let's GO Brandon!
@leroyvijarro9111
January 22, 2024 at 11:31 am
IF BIDEN GOES TO WAR WITH RUSSIA IT WILL SALVE ALL OUR PROBLEMS AND SOLIDIFY HIS PRESIDENCY FOR 2024 . KIDS WANT WEAPONS OF WAR THESE DAY'S SO SEND THEM TO WAR AND WIAL ALL THESE TRIGGER HAPPY AMERICAN'S ARE AT WAR THE REST OF US AMERICANS CAN BOOST THE ECONOMY WITH INDUSTRY PRODUCTION . FREEDOM IS NOT FREE AND IT'S OUR TURN IN HISTORY TO KEEP THE WORLD AT PEACE .
@hemaccabe4292
January 22, 2024 at 11:31 am
Looks like everything Trump said was right and everything Biden said was a lie. Looks like Democrats were once again, as always, wrong. 2000 Mules! Let's GO Brandon!
@joshuakelley4186
January 22, 2024 at 11:31 am
Biden needs to resign and let a real president take office. Liberals won't wake up until Biden has destroyed this country