Business
President Trump vs. the Fed: Larry Summers Warns of a Credibility Crisis
President Trump’s push to oust Fed governor Lisa Cook and to change the composition of the FOMC raises questions about the independence of the central bank. Former US Treasury Secretary Summers says the unprecedented pressure on Chair Powell and the board could erode confidence in the Fed, unsettle markets, and echo the politicized mistakes of the 1970s. For now, investors remain calm — but Summers warns that the US is “playing with fire.”
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Business
‘Bloomberg Surveillance: Early Edition’ Full (12/20/21)
Bloomberg Surveillance: Early Edition, live from London, Berlin and New York. Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. G Plus Economics Chief Economist Lena Komileva and National Securities Chief Market Strategist Art Hogan weigh concerns over the spread of the omicron virus variant against tightening monetary policy.
Leslie Vinjamuri, Head of the U.S and the Americas programme at Chatham House, discusses
Joe Manchin’s rejection Joe Biden’s $2 trillion tax-and-spending package.
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Business
Chile Emerges As Global Hub For Ice Swimming
Chile’s glaciers, fjords and frigid southern seas are drawing a new generation of ice swimmers—and challenging the sport’s Nordic center of gravity. Bloomberg’s Antonia Mufarech has more.
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Business
Senator Coons Says US Should Reexamine Ties With Israel
US Senator Chris Coons, a Delaware Democrat, explains why he thinks the US should reexamine its relationship with Israel. Speaking on “Balance of Power: Evening Edition,” Senator Coons also weighs in on the Iran conflict.
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‘Bloomberg Surveillance: Early Edition’ Full (01//06/22)
Bloomberg Surveillance: Early Edition, live from London, Berlin and New York. Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. Howard Davies, Natwest Group Chairman, says inflation pressures are growing in the U.K. Nina Skero, Centre for Economics & Business Research CEO, says the Fed’s more hawkish tone complicates the picture ahead of jobs day. Leslie Vinjamuri, Chatham House Director of U.S. and the Americas Program, reflects on the attack on the U.S. Capitol one year on.
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Business
Samsung, SK Hynix at Center of South Korea’s AI Drive
South Korea is orchestrating investments of at least $880 billion from companies including Samsung Electronics and SK Hynix into infrastructure it called essential to surviving the AI era. Bloomberg’s Sangmi Cha reports.
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