UniCredit CEO Andrea Orcel has pledged to overhaul Commerzbank’s governance soon, in a move that may pave the way for an effort to oust CEO Bettina Orlopp.
Speaking to Bloomberg TV, Orcel said all regulatory approvals for the deal are expected by the end of November.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.

Chapters:
00:00:00 – The Opening Trade Begins
00:01:13 – The Agenda: Jensen Huang Affair Rocks Nvidia
00:04:51 – The Agenda: Stocks Rally on Tech Rebound, Oil Steadies Ahead of US CPI
00:06:29 – Race to Succeed Christine Lagarde at the ECB
00:09:17 – UniCredit 3Q Revenue Beats Estimates
00:10:18 – What to Watch
00:12:12 – Nvidia Investigation and Risks for Investors
00:14:45 – 7IM Co-CIO Shanti Kelemen on AI, Markets and Portfolio Strategy
00:20:51 – Need to Know: Russia War Losses and China Extends US Trade Truce
00:24:50 – UniCredit Reports Record Quarterly Profit
00:25:15 – UniCredit CEO Andrea Orcel on UniCredit and Commerzbank
00:36:20 – Goldman Sachs’ Andrew Sheets on Bonds, AI and the Fed
00:42:22 – MLIV: Tech Turbulence and Nvidia Risk
00:48:01 – European Markets Open
00:50:04 – M&G Investments’ Maria Municchi on AI Risk and Multi-Asset Strategy
00:59:51 – Market Movers: European Stocks, Banks and Pharma Movers
01:03:16 – UniCredit Earnings and Commerzbank Plans
01:06:51 – Nvidia’s Jensen Huang Key-Man Risk
01:13:22 – Need to Know
01:14:32 – ECB Succession and European Investment
01:15:00 – Nadia Calviño, President of the European Investment Bank, on ECB Succession and European Investment
01:20:59 – Nadia Calviño, President of the European Investment Bank, on EIB’s €10 Billion European Tech Initiative
01:24:44 – HSBC’s Vivek Ramachandran on Global Trade, Energy and AI
01:31:07 – Week Ahead: US Inflation, ECB and UK GDP
01:35:05 – Markets Reverse Higher
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Berlin, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

Nvidia shares sank in extended US trading as investors grappled with the possibility of the company without Chief Executive Officer Jensen Huang at the helm.

Nvidia’s board has been working with an outside firm to identify potential replacements for Chief Executive Officer Jensen Huang following reports of multiple extramarital affairs, including one with a woman who is reportedly suspected of spying for China, a person familiar with the situation said.

And Xi Jinping’s third summit of the year with Donald Trump is going off script before their meetings even get underway, as the spy allegations engulfing Nvidia’s Jensen Huang reopen old rifts.

Today’s guest: Roland Busch, Siemens, CEO.

Chapters:
00:00:00 – Daybreak Europe
00:00:26 – Nvidia Fallout Spreads
00:02:13 – Nvidia Board Meets on Huang’s Fate
00:05:09 – Nvidia Turmoil
00:07:22 – Traders Weigh Nvidia Future Without Huang
00:10:33 – Nvidia is Preparing to Oust Nvidia CEO Jensen Huang — WSJ
00:15:11 – Europe is Heating Faster
00:17:09 – Midterms, Brazil Deliver Climate Boost Ahead of COP31
00:19:31 – Huang: You Have to Hold Yourself Accountable
00:21:48 – Alleged Chinese Spy at Heart of Nvidia Scandal Is in Beijing
00:24:28 – Stock Rally Falters on Nvidia Turmoil
00:27:20 – Markets Mull Future of Nvidia’s Jensen Huang Amid Infidelity Controversy
00:31:20 – Huang Exit Could Reshape US-China AI Race
00:34:50 – Zelenskyy Says Political Shifts Open Window for Russia Talks
00:40:03 – Siemens Raises Growth Goals
00:43:10 – Roland Busch, Siemens, CEO
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source

Paraguay was supposed to be South America’s safe bet, with fast growth, low inflation and the confidence of international investors. So how did the collapse of Ueno Bank turn into a national crisis?

How a Bank Scandal Is Taking Down Trump’s Ally in Paraguay: https://bloom.bg/4BVwoKf

#Paraguay #SouthAmerica #Bank

Watch more mini documentaries from Bloomberg: https://www.youtube.com/playlist?list=PLGaYlBJIOoa_EzzMpticURNR29AiQi10v

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9

Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

source

A container ship sinks in the Strait of Hormuz as attacks on commercial shipping escalate. Houthi attacks also put mounting pressure on Saudi Arabia’s crown prince, keeping the security of the region’s energy and trade routes in focus.
South Korea’s Kospi plunges 8%, triggering a 20-minute trading halt as a chip-stock selloff deepens equity losses. US Treasuries rise, while hotter US inflation fuels expectations of further Federal Reserve tightening. Consumer prices record their biggest increase since April.
The energy backdrop remains strained: OECD oil stockpiles fall to their lowest level since 1989. Meanwhile, Middle Eastern refineries increase operations as crude flows recover, despite continuing attacks on shipping.
In an exclusive Bloomberg interview, Nvidia’s chief executive says developers of unsafe AI systems could be cut off, while calling for faster technological progress and highlighting sharply falling AI costs. Separately, Anthropic’s quarterly revenue reaches $16.8 billion ahead of its planned IPO.
Lombard Odier’s Nannette Hechler-Fayd’Herbe discusses AI’s role in manufacturing and her preference for developed-market equities, small caps and Japan. She argues that Europe faces policy challenges rather than a sovereign debt crisis.
Ukrainian President Volodymyr Zelenskyy accuses Donald Trump and Elon Musk of restricting satellite access, raising questions over the country’s reliance on critical communications infrastructure.
At the IMF–World Bank meetings in Bangkok, Lebanese Central Bank Governor Karim Souaid discusses the country’s outlook as the IMF calls for key reforms needed to secure a programme.
In Africa, Eskom’s chief executive outlines a revised strategy as the utility’s monopoly weakens, saying excess capacity creates opportunities to support the wider region. Valterra Platinum approaches a decision on a potential move to underground mining.
Elsewhere, an arrested OpenAI engineer is reported to have booked a one-way ticket to Saudi Arabia. Guests includes Nannette Hechler-Fayd’Herbe, Lombard Odier Head of Investment Strategy, Sustainability & Research, Afshin Molavi, Johns Hopkins University Senior Fellow, Karim Souaid, Lebanese Central Bank Governor, and Karen Young, Columbia University Center on Global Energy Policy Senior Research Scholar.

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
00:05:10 – Nannette Hechler-Fayd’Herbe, Lombard Odier Head of Investment Strategy, Sustainability & Research
00:13:14 – Oil Falls on Easing Middle East Concerns
00:15:56 – Afshin Molavi, Johns Hopkins University Senior Fellow
00:20:18 – Jensen Huang, Nvidia CEO
00:26:42 – Karim Souaid, Lebanese Central Bank Governor
00:35:34 – Karen Young, Columbia University Center on Global Energy Policy Senior Research Scholar
00:41:24 – Dan Marokane, Eskom CEO
00:43:12 – Valterra Platinum Nears Decision on Underground Move
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source

Copper Sky Capital Managing Director Jack Selby questions why Anthropic is rushing into the public markets when, in his words, the company has ‘so much cash on their balance sheet, almost as much as Google’. He speaks on “Insight with Haslinda Amin.” (Corrects the company name and Jack Selby’s job title across the headline, description and throughout the video.)
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source