Business
Houthi Attacks Cause BP to Stop Shipments Through Red Sea
Oil and gas giant BP Plc said it will pause all shipments through the Red Sea following an escalation in attacks on merchant vessels by Houthi militants. Bloomberg’s Annmarie Hordern reports.
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US Treasury Secretary Scott Bessent’s interventionist summer has already led to pushback and questions about his credibility in financial markets. Now he faces a test with global peers. Ahead of the meeting of Group of 20 finance ministers in Asheville, North Carolina, on Monday, Bessent has vowed to return the conversation among the world’s top economic policymakers to the core subject of boosting growth. Shawn Donnan, Bloomberg Senior Economics Writer talks about the latest from the G20. Ed Ludlow, Bloomberg Tech Co-Host also discussed his interview with Nvidia CEO Jensen Huang. Then, Brian Quintenz, KalshiEx Board Member and Fmr. CFTC Commissioner joined to discuss recent enforcement actions from the prediction market platform. Finally, Ryan Gould, Bloomberg News Deals Reporter discussed the latest on his reporting about how KKR has spent the past five years leveraging limited airport space to the advantage of Atlantic.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:03 Market Update: Stocks Fall as Oil Rises
00:03:50 Bessent Faces a Credibility Test at the G20
00:06:28 Treasury’s Interventionist Summer
00:08:11 Bessent, Warsh & the Fight Over Interest Rates
00:09:29 Can Markets Trust the Treasury Secretary?
00:11:23 Nvidia Invests $3.5 Billion in MediaTek
00:13:10 Nvidia’s Strategy Beyond Its Own AI Chips
00:16:01 Custom Chips & the Competition for Nvidia
00:19:02 Market Update: Amazon Falls on FTC Report
00:20:52 Kalshi’s First Lifetime Trading Ban
00:24:16 Court Ruling Challenges Kalshi’s Sports Markets
00:26:01 Could the Kalshi Fight Reach the Supreme Court?
00:28:35 Who Should Regulate Prediction Markets?
00:30:20 Mention Markets, Insider Trading & Regulation
00:32:34 Market Update: Oil Near $86, Stocks Lower
00:34:28 Private Aviation Becomes a $10 Billion Business
00:36:01 How KKR Transformed Atlantic Aviation
00:37:30 Private Jet Demand & the Airport Capacity Crunch
00:41:02 Could Atlantic Aviation Eventually Go Public?
00:43:01 Market Check: Oil, Yields & Inflation
00:44:16 Stock Movers: Amazon, Edison & Deere
——–
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The August Beige Book drops and shows both wages and prices are up moderately across the country. Bloomberg TV & Radio Economics & Policy Correspondent Mike McKee reacts. Then, Bloomberg News Washington Correspondent Tyler Kendall sits down the with the CEO of Chevron to discuss the Venezuela oil partnership. Plus, Bloomberg Intelligence Senior Analyst Woo Jin Ho talks market reaction to Dell’s boosted sales outlook. With autonomous driving becoming more popularized in our vehicles, car insurance companies are finding new ways to price insurance. Lemonade CEO Daniel Schreiber explains how his insurance company is evolving alongside the auto industry. Finally, ‘Our Town’ Podcast Co-Hosts Meribah Knight and Susan Berfield talk about the small Tennessee town at the heart of a fight over Christian Nationalism.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:01:38 Market Update: Stocks Rebound as Oil Rises
00:02:50 Fed Beige Book: Economy Expands Modestly
00:05:16 Chevron’s $7 Billion Venezuela Investment
00:06:41 U.S. Pushes to Ramp Up Venezuelan Oil
00:08:08 Chevron CEO on Investing in Venezuela
00:10:02 Questions Over Venezuela’s Strategic Oil Fields
00:11:02 Dell Surges on AI Server Demand
00:13:33 Does Dell Strengthen the AI Spending Boom?
00:15:18 Dell, HPE & the AI Server Ecosystem
00:16:35 PC Prices Rise as Memory Costs Surge
00:20:46 Lemonade CEO on Autonomous Car Insurance
00:22:03 Pricing Insurance Based on How You Drive
00:23:56 Are Self-Driving Cars Really Safer?
00:25:01 Expanding Autonomous Insurance Beyond Tesla
00:26:50 Lemonade’s Pet Insurance Growth
00:28:48 Telematics & the Future of Auto Insurance
00:34:16 Bloomberg’s “Our Town” Podcast
00:35:21 A Small Tennessee Town Battles Newcomers
00:38:14 Following the Money Behind the “Aligned Community”
00:40:01 How Locals Are Fighting Back
00:44:02 Stock Movers: Uber Cuts 3,300 Jobs
00:45:52 PG&E Falls on California Wildfire Concerns
00:47:06 Sphere Entertainment Gets an Upgrade
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Changes are happening at Spotify and it goes beyond its C-suite.
On this episode of the Everybody’s Business podcast, Bloomberg reporter Ashley Carman joins Stacey Vanek Smith and Max Chafkin to discuss the music streaming platform’s bold new business plan of getting into… everything. We also talk about AI’s role in the future of music https://link.podtrac.com/ujb7ns2p
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Anna Edwards, Tom Mackenzie and Paul Dobson break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”
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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 Dimensional Fund Advisors Founder & Chairman David Booth, T. Rowe Price CEO Rob Sharps, Christian & Timbers Founder & CEO Jeff Christian, New York Life Investment Management Global Market Strategist Julia Hermann, Founder ETFs Partner & Portfolio Manager Michael Monaghan, Evercore Equity Analyst Peter Levine, KIND Snacks Founder Daniel Lubetzky, & ValueEdge Advisors Chair Nell Minow.
Chapters:
00:00:00 Bloomberg The Close
00:03:02 David Booth on Staying Calm Through Market Volatility
00:06:11 Market Efficiency, Indexing & Why Stock Picking Falls Short
00:09:01 ETFs, Fee Pressure & the Future of Investing
00:12:20 David Booth on Financial Innovation & Building Dimensional
00:16:19 Apple CEO Transition & Market Check
00:18:06 T. Rowe Price CEO Rob Sharps on Private Markets & Retirement
00:20:05 ETFs, Tax Strategies, M&A & Fee Pressure
00:22:25 John Ternus Takes Over as Apple CEO
00:25:35 Jeff Christian on Apple’s AI Talent War & Reinvention
00:29:02 Tim Cook’s New Role & Ternus Builds His Leadership Team
00:33:17 Earnings Preview: Dell, Palo Alto, GitLab & MongoDB
00:36:13 New York Life on Fed Policy, Inflation & Rising Rates
00:39:26 AI Stocks, Financials & Investing in a Higher-Rate World
00:42:39 Closing Bell
00:46:05 Market Mov ers: Apple, GoPro & Atlanta Braves
00:49:46 Dell, Palo Alto & MongoDB Earnings Hit After the Bell
00:53:45 Market Recap: Tech Selloff, Oil & Rising Yields
00:56:46 Dell Earnings Deep Dive: AI Servers & Explosive Growth
01:00:04 AI Spending, Monetization & the Risk of Over investment
01:03:11 Palo Alto Networks Earnings & AI Cybersecurity
01:07:50 KIND Founder Daniel Lubetzky on Entrepreneurship & Failure
01:11:25 Wellness, Longevity, GLP-1s & Consumer Brands
01:14:43 Shark Tank, Brand Building & Betting on Entrepreneurs
01:18:08 Daniel Lubetzky on Builders, Politics & His New Podcast
01:20:50 Anthropic IPO: Governance, Voting Rights & Investor Risk
01:24:03 Founder Control, AI Backlash & Corporate Governance
01:28:07 What to Watch
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@kellyschueman5649
December 25, 2023 at 2:07 pm
Stop the Palestinians Holocaust. My God! How evil can the US and Israel be.
@JoBlack-dg6ey
December 25, 2023 at 2:07 pm
The consequences of the UK whimping out at the UN. Get a backbone & make a stand against genocide
@yudhihartadi6636
December 25, 2023 at 2:07 pm
the israel afiliated ships in the red sea was promised to houthi since 3000 years ago, they have right to defend it
@KY-te4mn
December 25, 2023 at 2:07 pm
What the Houthi’s said is vey simple.They said if you lift the blockade on Gaza and allow food and medicine to flow into Gaza there will be no targeted ships, is that a lot to ask for? Food and medicine for the innocent children and people, I mean how cruel can you be and the lack of respect for human life is showing
@isal79
December 25, 2023 at 2:07 pm
Stop Genocide in gaza
@giganoob1968
December 25, 2023 at 2:07 pm
That's why we spend 184 billion dollars on the military, so they can sit on the sidelines. Wouldn't want to bust all that stuff, after all it's just for show.
@carterconstant5674
December 25, 2023 at 2:07 pm
This won't make China or the Asian market happy. Prices will be going up and shipments will be slower.
@ajolleyduck2933
December 25, 2023 at 2:07 pm
Is it hoo tee or hoo thee?
@GerardCarouge
December 25, 2023 at 2:07 pm
The West (except the UK) does not have the balls to stop the Yemeni terrorist army assisted by Iran. The US and the French talk a lot but do nothing. Good that the Brits do react, but this won't suffice to put an end to the muslim terrorists war on the West, now limited to that region but potentiallybsoon spreading to Europe.
@mikkybozzy-my2vk
December 25, 2023 at 2:07 pm
Hahaha all part of the plan. Now every country is going to rip off their citizens with putting fuel up. They will do anything now to get people to go electric
@chrisb4419
December 25, 2023 at 2:07 pm
This is objectively because of the Zionist occupation of Palestine.
@shakes772
December 25, 2023 at 2:07 pm
They will not get Saudi and UAE on board this time. The UAE brought more than 50 Arab and Muslim nations together and brought a vote triggered by article 99 to the security council and US proudly and in total isolation vetoed a (humanitarian ceasefire), France and UK will sail with them but forget launching from the middle east basis. The so called "war" comes at a time of peace between Saudi and Iran, Yemen & Turkey has designated the IOF as a terrorist entity.
@richardmann3396
December 25, 2023 at 2:07 pm
Any excuse to implement a rise in prices
@myelectricmagneticimpuls
December 25, 2023 at 2:07 pm
Learn walk… fatsoes
@over07ful
December 25, 2023 at 2:07 pm
Keep voting Dem geniuses
@sjenkins91812
December 25, 2023 at 2:07 pm
I dont want to hear any BS excuse from BP about how they are being inconvenienced.
@dflowers1477
December 25, 2023 at 2:07 pm
Obama said we would necessarily have to raise the costs of oil to get the public to choose sustainability. Democrats are probably supporting the anti-Isreal Houthis now as well.
@mopthermopther
December 25, 2023 at 2:07 pm
BP says we don’t need any help spilling oil 😃
@ricohernandezjr.2874
December 25, 2023 at 2:07 pm
No No No No!!
@abtreeguy
December 25, 2023 at 2:07 pm
Don’t worry, Biden took them off the terror watch list🤨
@jameswindsor7780
December 25, 2023 at 2:07 pm
China inports a lot of oil, lets see if they can step up and help stop
@dirkaminimo4836
December 25, 2023 at 2:07 pm
Biden better not go at this alone. All the countries need to join or just ignore it. Iran is really pissing me off. This is them. Iran tankers should be stopped!
@solinvictus7115
December 25, 2023 at 2:07 pm
The day the world stops being dependent on government and all these big companies that control our natural resources is the day WE empower ourselves… but that'll will nevee happen 🤷🏾♂️
@jheadley3333
December 25, 2023 at 2:07 pm
The Hon. Lloyd Austin
@mirsadzimic7519
December 25, 2023 at 2:07 pm
FREE FREE PALESTINA ❤❤❤❤
@richarddean2532
December 25, 2023 at 2:07 pm
Thank you Joe Biden!
@VggYdx-bw2np
December 25, 2023 at 2:07 pm
So people stopped this terrorists company let's call facts now
@safiul1930
December 25, 2023 at 2:07 pm
Blockade on israhell.
@daveindiego06
December 25, 2023 at 2:07 pm
great… now gas prices in california are going to double again.
@clickbaitcabaret8208
December 25, 2023 at 2:07 pm
The US isn't a fan of oil supply routes being screwed with. The Iranians found that out the hard way in 1988. The White House is trying to avoid a widening conflict in the region, so we'll see if the US Navy gets "proportional" on the Houthis.
@daviecrocket9160
December 25, 2023 at 2:07 pm
Wahoo more price hikes
@EddieFlores-si9hd
December 25, 2023 at 2:07 pm
BP the company of the pirates who is stealing oil 🛢 from Iraq 🇮🇶
@Davidjohnson-zd3bk
December 25, 2023 at 2:07 pm
Just an excuse to raise prices!!! Why don't they hire security????
@jimdoe3288
December 25, 2023 at 2:07 pm
Lots of oil under Palestine, ask the uk PM's daddy
@jimdoe3288
December 25, 2023 at 2:07 pm
We must support all companies and not the people in countries
@jamesschneider3828
December 25, 2023 at 2:07 pm
The problem is that NATO and the EU want the Americans to be the leader but mostly, these days, want our money. It's once again time that America concentrate on our own problems such as stupid immigration policies by championing open borders.
@user-nr5bw5uo4e
December 25, 2023 at 2:07 pm
Sleepy joe has his own gas and oil
@GARRY3754
December 25, 2023 at 2:07 pm
What are these war mongering oil dictators cooking up?
@ssebugwawoismael1033
December 25, 2023 at 2:07 pm
Stop supporting Israel Huouth will not attack maritime
@user-nc1tg5no7l
December 25, 2023 at 2:07 pm
houthis hamas hezbollah. They are just making up funny names now and calling them a terrorist gruoup. The reality though is much different. These are just resistance groups. If you are talking muslims any armed groups are terrorists. If it is an armed group of jews they are called brave soldiers. Our pathetic world.
@Joe-ff1oh
December 25, 2023 at 2:07 pm
So how the oil prices don’t go up ?
@user-nc1tg5no7l
December 25, 2023 at 2:07 pm
The only reason this story exists is to raise gas prices. This is going to be a war. The united states completely changes it's stance when Jews, or oil are involved. America is a disgrace.
@JayBreeze890
December 25, 2023 at 2:07 pm
Pretty sure that the Houthi’s announced that any ship not porting in Israel will be safe. Why should we care again?