On this episode of the Odd Lots podcast, journalist Oliver Bullough joins Tracy Alloway and Joe Weisenthal to discuss how Mexican cartels use heavy farm equipment to launder money and why criminals are always looking for creative ways to move cash.
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Nike Inc. is cutting jobs and embarking on a sweeping overhaul of the business as results deteriorate and test Wall Street’s patience with Chief Executive Officer Elliott Hill.
Bloomberg Intelligence, Senior US E-Commerce and Retail Analyst, Poonam Goyal discusses Nike’s job cut decision and why sales have continued to slump.
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Amy Gower said gold is facing significant near-term pressure from rising long-dated bond yields and a stronger dollar, noting that as a nonyielding asset it becomes less attractive when investors can earn higher returns elsewhere. Even so, she argued that gold remains well supported because the metal is still trading above $4,000 an ounce, suggesting other forces are offsetting those headwinds. Gower pointed to strong physical demand, including central bank buying, active purchases from China and Poland, Chinese gold imports running more than 10 times PBOC reserve additions, and rising gold ETF holdings through September, which she said is unusual during a Fed hiking cycle. She also cited longer-term supports such as concerns about currency debasement, government debt, and fiscal sustainability.
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Neil Dutta of Renaissance Macro Research says an October interest rate hike by the Federal Reserve may be on life support, but that could change with one bad inflation report. He speaks on “Bloomberg Surveillance.”
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China has expanded overseas travel restrictions for top AI professionals in private firms to include the families of key personnel. This further tightens measures designed to prevent the outflow of critical know-how and information to the US. Bloomberg’s Minmin Low has more. https://www.bloomberg.com/news/articles/2026-09-28/china-broadens-travel-curbs-to-encompass-family-of-top-ai-talent
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