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Sumerlin Supports 50 Point Fed Rate Cut

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The Fed funds rate is “too high” and a 50 basis point cut would work due to the inversion of the curve, economist Marc Sumerlin said on “Bloomberg Surveillance” Friday morning. Sumerlin, a former Bush administration official and founder of Evenflow Macro, is reportedly being considered as a replacement for Federal Reserve Chair Jerome Powell.
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Odd Lots: Europe may be falling behind. Working less isn’t why

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Some European countries work fewer hours but does that mean they’re less productive?

Economist Dominik Leusder joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to talk about how research suggests that fewer hours worked actually lead to an increase in productivity.
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CVC Marathon’s Richards on Anthropic IPO, AI Buildout

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Bruce Richards, managing partner and head of CVC Marathon, says Anthropic PBC is going to do “just fine” as a public company. He talks about the demand for AI and opposition to some data centers. He speaks on “Bloomberg Open Interest.”
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Bloomberg Surveillance: The Fed Decides 10/27/2026

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Jon Ferro, Lisa Abramowicz and Tom Keene host a special edition of “Bloomberg Surveillance” as the Federal Open Market Committee voted 10-2 to hold its benchmark federal funds rate in a range of 3.75% to 4% and leave interest rates unchanged.

Chapters:
00:00:00 Bloomberg Surveillance: The Fed Decides
00:03:49 Should the Fed Raise Rates?
00:05:35 A Bifurcated U.S. Economy
00:09:43 AI, Data Centers & Economic Growth
00:13:29 Fed Policy, Inflation & December Expectations
00:19:19 Markets Ahead of the Fed Decision
00:23:24 Labor Market, Inflation & the Economy
00:26:05 Fed Holds Rates Steady
00:29:09 Why Didn’t the Fed Hike?
00:34:21 AI, Productivity & Monetary Policy
00:38:29 Fed Dissents & December Rate Expectations
00:41:36 AI Debt, Financial Conditions & Inflation
00:48:51 What Is the Fed Waiting For?
00:56:38 Kevin Warsh Explains the Fed Decision
01:03:22 Why the Fed Held Rates Steady
01:11:38 Fed Task Forces, AI & Jobs
01:17:38 Oil Prices, Inflation & Interest Rates
01:19:19 AI Investment & the Impact of Higher Rates
01:30:40 Markets React to Warsh’s Press Conference
01:36:00 What the Fed Decision Means for Markets
01:46:47 Financial Conditions & the AI Trade
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What If “Cognitive Surrender” Is the Real Existential Risk?

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Tech insiders and senior executives have spent recent weeks issuing loud warnings about the risks posed by artificial intelligence software. Some are even causing concerns that AI models could lead to eventual human extinction.

But what if the real existential risk is more subtle — albeit powerful — than we imagine? Journalist Vauhini Vara joins Max Chafkin and Stacey Vanek Smith on the Everybody’s Business podcast to unpack warnings for “cognitive surrender” and how a startup called Pangram is promising to help identify AI generated slop.
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John Healey’s First UK Budget: What It Means for Markets

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The Opening Trade team delivers special coverage of John Healey’s first budget as UK Chancellor of the Exchequer. Anna Edwards, Guy Johnson and Tom Mackenzie anchor the program, joined by Bloomberg’s Caroline Hepker live from Abingdon Green, Head of Economics and Government Stephanie Flanders and Peter Schaffrik, Chief European Macro Strategist at RBC.

Watch for expert analysis, real-time reaction, and insight into what the new budget means for markets, policy, and the UK economy.

Chapters:
00:00:00 – The Opening Trade: UK Budget Special
00:04:57 – UK Budget Roundtable: RBC’s Peter Schaffrik & Bloomberg’s Stephanie Flanders
00:16:00 – UK’s John Healey delivers budget statement
01:13:52 – Markets reacting to UK Chancellor’s budget statement
01:24:16 – Ahead of Wednesday Post UK Budget Live audience event
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