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Bloomberg Surveillance 11/18/2025

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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day.

00:00:00 Bloomberg Surveillance
00:05:09 Peter Tchir, Academy Securities
00:26:36 Morning Movers
00:28:28 On Our Radar
00:32:05 Rep. French Hill, Chairman of the House Financial Services Committee
00:42:57 Sharon Miller, Bank of America
00:52:27 Liz Ann Sonders, Charles Schwab
01:04:23 Jennifer Lawless, Professor of Politics and Public Policy at The University of Virginia
01:13:59 Morning Movers
01:16:17 On Our Radar
01:19:53 Claudia Buch, ECB
01:32:01 Kay Herr, JPMorgan Asset Management
01:40:56 Lisa Shalett, Morgan Stanley
01:54:06 John Lovallo, UBS
02:00:44 Morning Movers
02:06:41 Stephanie Roth, Wolfe Research
02:16:08 Trading Diary
02:17:11 Jason Tyler, Northern Trust
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Watch it live every week day from 6-9 ET on Bloomberg Television, YouTube, Roku, Apple TV, Samsung TV, Android TV, Rakuten TV.

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Kai-Fu Lee Questions Soaring AI Valuations

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AI pioneer Kai-Fu Lee discusses whether trillion-dollar AI valuations can be justified, the risks of circular funding, and the impact of cheaper Chinese and open-source models. The Sinovation Ventures Chairman and CEO and 01.AI CEO also explains why businesses need to reinvent themselves around AI, and why Europe’s biggest opportunity may be in AI applications rather than foundation models. Lee appeared on “The Pulse with Francine Lacqua”.
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Huang Said to Have Had Affair With Nvidia Executive: NYT

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Nvidia CEO Jensen Huang had a relationship with Kimberly Powell, Nvidia’s vice president of health care, according to the New York Times. Michael Shepard has more on “Balance of Power: Evening Edition.”
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Houthis Hit Saudi Aramco Headquarters in Missile Attack

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Saudi Aramco’s headquarters in Dhahran was hit during a missile attack by Yemen’s Houthi militants. A fire broke out in part of the complex. This is according to people with knowledge of the matter. The Houthis have launched several missile attacks against Saudi Arabia in recent days. Kailey Leinz reports.
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Odd Lots: AI Agents Are Already Changing the Price of Goods

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With the release of AI agents like Meta’s Muse, tech companies are promising consumers that they will start saving them tons of money by finding the best deals.

On this episode of the Odd Lots podcast, President and CEO of Groundwork Collaborative Lindsay Owens joins Joe Weisenthal and Tracy Alloway to discuss her think tank’s research into agentic commerce and how agents may not be operating in the best interest of the consumer.
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Ritholtz on What’s Causing the Stock Selloff

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Technology stocks plummeted on Thursday as traders assessed the implication of a Democratic sweep in the US midterm elections on cloud data centers. Barry Ritholtz, Founder of Ritholtz Wealth Management and Host of “Masters in Business” joins to discuss the market selloff.

The selloff in tech stocks comes amid growing worries that a Democratic sweep of Congress could bring tighter regulation of US data centers and weigh on semiconductor demand.

Read more: https://www.bloomberg.com/news/articles/2026-11-05/us-stock-futures-diverge-as-chip-selloff-extends-into-second-day?srnd=homepage-americas

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