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Treasury Secretary Bessent Testifies Before Congress

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Treasury Secretary Scott Bessent will deliver his annual testimony before the House Financial Services Committee on state of the US economy and international financial system. He is scheduled to begin at 10 am ET.
Bessent said on Monday that President Donald Trump’s trade, tax and deregulation agenda “push toward the same goal — to solidify our position as the home of global capital.” He is sure to face more questions about Trump’s trade policies, inflation and the strength of the US dollar.

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US-Russia Discuss Ukraine Peace & Xi Courts Macron | Daybreak Europe 12/3/2025

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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, 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.

On today’s show, the Kremlin says talks between Vladimir Putin and US envoys Steve Witkoff and Jared Kushner were ‘very useful’ despite both sides failing to reach an agreement on a plan to end Russia’s war in Ukraine.

Moscow says a possible meeting between Putin and US President Donald Trump now depends on progress being made on the critical issue of territorial control.

The EU reaches a deal to phase out Russian gas imports faster than originally planned – in an effort to finally sever the bloc’s remaining energy dependence on Moscow.

Meanwhile, French president, Emmanuel Macron, begins a three-day visit to China today, with the Taiwan issue expected to take center stage.

Today’s guests: Sven Kruck, Co-CEO of Quantum Systems, Latvian Foreign Minister, Baiba Braže & Peter Specht, General Partner at Creandum.

CORRECT: In our reporting of the BMW CEO pressing the European Union to formally adopt a trade deal with the US our on-air graphic said ‘BMW CEO PRESSER EU TO RATIFY US DEAL.’ It should have said ‘BMW CEO PRESSES EU TO RATIFY US DEAL.’

Chapters:
00:00:00 – Daybreak Europe
00:02:48 – Asian markets
00:05:16 – Trump sees Fed chair pick “early next year”
00:08:38 – US ADP data, ISM services today
00:09:45 – Kremlin calls Russia-US talks constructive but no deal
00:12:11 – EU to phase out Russian gas imports by 2027
00:14:31 – Macron to begin three-day China visit
00:16:17 – Airbus cuts FY commercial aircraft deliveries forecast
00:17:58 – HSBC unexpectedly taps Nelson as chair after tucker’s reign
00:19:21 – Hassett on US inflation outlook, potential on Fed chair
00:24:15 – Wednesday headlines
00:26:04 – Zara owner Inditex’s sales rise as retailer shows resilience
00:27:18 – Sven Kruck, Co-CEO of Quantum Systems
00:33:44 – Baiba Braže, Latvian Foreign Minister
00:38:29 – Peter Specht, General Partner at Creandum
00:45:26 – Bitcoin whipsaws traders
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What Will the Fed do in December? #business #economy #shorts

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What are the prospects of a Federal Reserve rate cut in December?
Anwiti Bahuguna, chief investment officer at Northern Trust tells @GuyJohnsonTV what kind of cut is “near certain” https://t.co/asaH59rt0p

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Zuckerberg to Make Deep Cuts in Metaverse Group

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Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason why he changed the name from Facebook. Sources say cuts could be as high as 30%. Bloomberg’s Ed Ludlow reports.
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Stocks Rise as Soft ADP Report Boosts Rate-Cut Hopes | The Close 12/3/2025

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Bloomberg Television 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 Rothschild & Co’s Alex Haissl, Goldman Sachs’ Alexandra Wilson-Elizondo, MorningStar’s David Swartz, Consumer Financial Protection Bureau’s Rohit Chopra, GenTrust’s Elena Hernandez, Apollo’s David Sambur, Wedbush Securities’s Dan Ives, Bain & Company’s Leah Johns, Morgan Stanley Private Wealth Management’s Chris Toomey, Raising Cane’s Todd Graves.

Chapters:
00:00:00 – Bloomberg Markets: The Close
00:02:46 – Rothschild & Co’s Alex Haissl
00:07:31 – Goldman Sachs’ Alexandra Wilson-Elizondo
00:15:25 – Top Calls
00:17:40 – MorningStar’s David Swartz
00:23:30 – Abby McCloskey, Bloomberg Opinion
00:28:07 – Consumer Financial Protection Bureau’s Rohit Chopra
00:33:52 – Norah Mulinda, Bloomberg News
00:37:04 – GenTrust’s Elena Hernandez
00:43:34 – Closing Bell
00:57:18 – Apollo’s David Sambur
01:04:38 – Wedbush Securities’s Dan Ives
01:09:17 – Bain & Company’s Leah Johns
01:15:45 – Morgan Stanley Private Wealth Management’s Chris Toomey
01:22:01 – Raising Cane’s Todd Graves
01:29:21 – What To Watch
——–
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Markets in 3 Minutes: Crypto Rally Will Run Out of Steam

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Mark Cudmore, Guy Johnson and Anna Edwards break down today’s key themes for analysis and investors on “The Opening …

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