Business
FTX Faces Criminal Probe in Bahamas
The Bahamian police said they’re working with the Bahamas Securities Commission to investigate whether there was any criminal misconduct in the collapse of the crypto exchange FTX, where the company is registered. Bloomberg’s Katanga Johnson is outside FTX offices in the Bahamas on Bloomberg Television.
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Business
Iran War Exposes Limits of US Military Endurance
Six months into the US conflict with Iran, oil flows from the Persian Gulf have recovered to about 40% of prewar levels, but risks remain as the Strait of Hormuz stays constrained and the Navy faces mounting pressure on personnel, equipment and finances. Bloomberg News Economic Statecraft Lead Chris Kennedy and Bloomberg News Defense Reporter Jen Judson join hosts Christina Ruffini and Bailey Lipschultz on Bloomberg This Weekend and discuss the strain on US military readiness and why a new US deal involving Venezuelan oil fields is unlikely to deliver a significant near-term boost to global supply.
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Business
More Than a Thousand Missing After Deadly Nepal Floods
A deadly flash flood tore through a valley in Nepal near the Chinese border, leaving hundreds dead and more than a thousand missing. Foreign tourists are among those affected as authorities brace for flooding downstream.
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Business
Why India’s Modi Urged Putin at SCO to End Ukraine War
Indian Prime Minister Narendra Modi called on President Vladimir Putin to end Russia’s war in Ukraine during a meeting on the sidelines of the Shanghai Cooperation Organization summit in Kyrgyzstan. Bloomberg’s Sudhi Ranjan Sen explains what leverage India has with Russia, why Modi made the appeal now and what it could mean for the two countries’ ties.
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Business
Rogoff Says Economic Shock Needed to Force US Deficit Reform
Kenneth Rogoff, professor of economics at Harvard University and former chief economist at the IMF, discusses the US deficit problem and why he thinks it is unlikely to be addressed until a major crisis forces voters to act. He speaks with Bloomberg’s Tom Keene at the Federal Reserve’s annual conference in Jackson Hole, Wyoming.
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Business
US Canada Trade Fight Shows Few Signs of Easing
The US and Canada appear to be headed for a prolonged trade standoff, with no current negotiations and Canadian officials expecting serious talks may not resume until after the US midterm elections. Bloomberg News White House Correspondent Jeff Mason and Bloomberg News Executive Editor for Canada Derek Decloet are on Bloomberg This Weekend with Christina Ruffini and Bailey Lipschultz to discuss the economic pain on both sides of the border, Canada’s push to diversify its trade and whether Prime Minister Mark Carney’s resistance to President Donald Trump could influence how other US allies respond.
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@terryhenfield8444
January 27, 2024 at 2:15 pm
The bahamas government is corrupt. They will not investigate ftx because there involved.
@michelleayres5608
January 27, 2024 at 2:15 pm
If nobody goes to prison, it confirms the SEC sanctions money laundering. Politics are pay to play.
@buckeyeg4888
January 27, 2024 at 2:15 pm
Joe will just have the prosecutor fired
@philc9305
January 27, 2024 at 2:15 pm
Democratic party is in the middle of this.
@cryptocurrencytradingwarri3079
January 27, 2024 at 2:15 pm
Trading strategy based only on indicators doesnt work…
@goodwork887
January 27, 2024 at 2:15 pm
Some, like the ones who remove your kidneys without anesthesia.
@Droppin_Deuces_On_Ya
January 27, 2024 at 2:15 pm
America's being looted before the crash, kiss your ASSets by! Too big of a problem to be reconciled. This is a good way to start a CW and end the soverniety of America.
@d3layd
January 27, 2024 at 2:15 pm
Absolutely horrible reporting. I live on CT and I'm available
@HEYPIGYEAHYOU
January 27, 2024 at 2:15 pm
$1,000,000,000 *poof*…gone.
"Trying to determine any wrongdoing…by Bahamas authorities" 😆😆
@frederickmiles8815
January 27, 2024 at 2:15 pm
What a corrupt embarrassment, garbage coverage like this is why no one respects legacy media.
@Edgar-uw6vl
January 27, 2024 at 2:15 pm
Guys you need to understand one thing this goes beyond Scam Bankman Fraud. This was a planned ponzi scam. Thats why UK had there funding from US with FTX also had a donations website. Wonder who stole our tax paying dollars 🤔
@michaelearlgrey
January 27, 2024 at 2:15 pm
I'm sure friends in the DNC and WEF will ensure token prison sentences.
@magellanicspaceclouds
January 27, 2024 at 2:15 pm
They're trying to determine if there was any wrongdoing. No, money just tends to evaporate sitting still.
@ajitalkondon8301
January 27, 2024 at 2:15 pm
Respectfully, I can’t take Bahamian police seriously for making a recommendation on this….😂
@androidplattanthelipp5001
January 27, 2024 at 2:15 pm
Great. Hold a monologue at an airport(?) so nobody hears anything
@FreedomAtRisk
January 27, 2024 at 2:15 pm
WTF arrest him
@oranjelicht
January 27, 2024 at 2:15 pm
FTX/SBF will of with a warning
@loum5143
January 27, 2024 at 2:15 pm
Whether there was any criminal misconduct?👌 This was all designed to be a scam.
@ssuwandi3240
January 27, 2024 at 2:15 pm
But but Sam'd amassed $22.5 billion was ranked in Forbes 2021 30 billionaires under 30s.. where the heck did the billion go?
@bdubb5390
January 27, 2024 at 2:15 pm
Lol. I'm sure thell all be held accountable. Not!! Btc? Dollar? What's next?