Business
DPP’s Lai Speaks After Taiwan Presidential Election Victory
Lai Ching-te of Taiwan’s ruling Democratic Progressive Party speaks at a press briefing following his victory in the island’s presidential election. (Except. Chinese followed by English translation)
You can read more on this story here: https://www.bloomberg.com/news/articles/2024-01-13/taiwan-set-to-elect-president-reviled-by-china-in-setback-for-xi?srnd=premium
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Business
US and Iran Trade First Strikes in Weeks | Daybreak Europe 8/31/2026
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
The US and Iran exchanged strikes for the first time in about a month as American forces hit Iranian rocket launchers & the Islamic Republic responded by firing missiles toward Jordan.
Traders piled into bets that a quarter-point Fed rate hike next month is more likely than not as Federal Reserve Chairman Kevin Warsh doubled down on his vow to finally tame inflation that’s outpaced the central bank’s target for five straight years.
Today’s guest: Wolf von Rotberg, Equity Strategist, J Safra Sarasin
Chapters:
00:00:00 – Bloomberg Daybreak Europe Begins, Top Stories & Market Outlook
00:03:00 – Asian Stocks Fall on Fed Rate-Hike Bets
00:05:47 – US-Iran Strikes & Oil Prices Surge
00:09:30 – Kevin Warsh’s Jackson Hole Speech
00:10:43 – Fed Credibility & September Rate-Hike Outlook, Bank of Japan Rate-Hike Expectations
00:15:57 – Russia-Ukraine Strikes & Ground Offensive Risk, Russia, Iran & China Strengthen Ties
00:20:19 – Iceland Rejects Renewed EU Membership Talks
00:26:19 – Front Page News
00:27:15 – Fed Rate Hikes & U.S. Equity Outlook
00:28:12 – Wolf Von Rotberg, J Safra Sarasin Equity Strategist, on US Dollar, Gold, Bitcoin & the Debasement Trade, & Treasury Yield
00:36:51 – UBS Capital Rules & Swiss Banking Reform
00:41:11 – Germany’s Far-Right Election Test, What an AfD Victory Could Mean for Germany
00:45:30 – Fed Policymakers React to Kevin Warsh, Week Ahead
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Business
What Nvidia’s Earnings Signal About the AI Investment Cycle
Moody’s Analytics Chief Economist Mark Zandi says Nvidia’s earnings prove that the AI investment cycle is a “juggernaut” and critical to growth on “Balance of Power: Evening Edition.”
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Business
Sam Altman Says AI Will Be Greatest Boom in Business the World Has Ever Seen
OpenAI Chief Executive Officer Sam Altman says artificial intelligence will be the greatest boom in business the world has ever seen. He speaks to US Commerce Secretary Howard Lutnick at a tech event in North Carolina hosted by the US for G20 members.
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Business
Mexico Bonds Trade Like Junk After $130 Billion Bailout of Pemex
Bond traders have begun to treat Mexican debt like junk after the government has spent $130 billion to bail out state-owned oil giant Petroleos Mexicanos. Bloomberg’s Scott Squires explains.
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Business
Morgan & Morgan Founder: Firm Is Worth ‘At Least $10 Billion’
John Morgan has grown his legal practice Morgan & Morgan into a multi-billion dollar empire spanning all 50 states. His book “Life Is Luck: Lessons From a Paperboy and How to Improve Your Luck”, details the lessons he’s learned in his very full life. Morgan sat down with Bloomberg’s Romaine Bostick to discuss his company’s growth, private equity, and his book “Life Is Luck: Lessons From a Paperboy and How to Improve Your Luck”.
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@starrynight624
January 18, 2024 at 2:30 pm
Dpp rigged votes, like the last 8 years where tsais votes were also rigged. Justice is dead
@-david-wang-
January 18, 2024 at 2:30 pm
fight the authoritarianism
@dannypo996
January 18, 2024 at 2:30 pm
Congratulations to Taiwan and Mr. Lai on his election as its new president.
@user-fg8fx4tb5s
January 18, 2024 at 2:30 pm
what a shitty thing!
@user-fn4il7xx5k
January 18, 2024 at 2:30 pm
The Legislation DPP loser for KMT making Lai Chingte paralyzed lead to TAIWAN is useless too
@lks6248
January 18, 2024 at 2:30 pm
Go Taiwan !!!!🎉
@pro9er
January 18, 2024 at 2:30 pm
🫖🍵🍵🍵🥮
🪷🪷🪷🪷🪷🪷🪷🌠
😊🧚✨✨✨✨✨✨✨✨✨
祝大家幸福!
@pengkun2237
January 18, 2024 at 2:30 pm
必须武统,消灭中华民国,消灭全部台独分子,尤其是赖清德萧美琴蔡英文
@franktoh3041
January 18, 2024 at 2:30 pm
William Lie will continue to do the same thing as Lee Teng Hui, Chen Shui Bian and Tsai Ing Wen. Talk about independence for the next 8 years and not declaring formal independence 😂😂😂
@charlywang702
January 18, 2024 at 2:30 pm
It’s amusing to see those anti-Taiwan comments. Have the Taiwanese done anything wrong? Is it wrong to protect Taiwanese values and land by voting? Is it wrong because we chose a party that is not pro-China? Do you understand how democracy works in Taiwan? The president doesn’t have full power; we also have legislative power, etc. We are not pro-China or pro-USA; we are simply Taiwan, and we just want to have the right to be Taiwanese
@junepark5539
January 18, 2024 at 2:30 pm
Congratulations! Taiwan!
@HelloLU
January 18, 2024 at 2:30 pm
Willian Lei and his scam gang.
@hussienalsafi1149
January 18, 2024 at 2:30 pm
❤️❤️❤️❤️❤️❤️
@TEH_RIK
January 18, 2024 at 2:30 pm
Congratulations William Lai 🎉
Taiwanese have made their voices clear that they do not want a repeat of Hong Kong in their democratic country 👏
@rockytorres958
January 18, 2024 at 2:30 pm
Pres Lai should issue a declaration that mainland China is part of Taiwan the original democratic anti communist government preceding Mao's unsuccessful rebellion. 0:15
@striker44
January 18, 2024 at 2:30 pm
A win for the people of the world. Congratulations Taiwan 🇹🇼 👏
@choonhuat4148
January 18, 2024 at 2:30 pm
God Bless Taiwan 🇹🇼
Hope one day there will be unification with China but a democratic one not authoritarian communist regime
@yajingchih5031
January 18, 2024 at 2:30 pm
Worst choice.
@hongkongsmartboy
January 18, 2024 at 2:30 pm
United Kingdom – USA – Germany Alliance wins the Taiwanese President Election 😊
Tsai Ing-wen 蔡英文 (英 = United Kingdom)
Lai Ching-te 賴清德 (德 = Germany)
Hsiao Bi-khim 蕭美琴 (美 = USA)
@hegehypo5914
January 18, 2024 at 2:30 pm
It's really very funny (deceiving) with Lai's winning statement. Lai had only secured 40% of total votes how can he declared his winning is a victory of democracy (on the contrary it is a defeat of western democracy) ?As usual he continues to deceive the Taiwanese people, he himself and the rest of ignorance people outside Taiwan especially the western societies who know very little or nothing about Taiwan. It will be very challenging task for Lai to manage Taiwan with minority legislature won (51 seats, down from 61 out of the total of 113 seats) and have to count on Ko Wen-Je's white TPP party (Taiwan People's party) in order to gain >50% majority votes. Comparing his predecessor Tsai Ing-wen who won 57% of total votes and majority (61 out of 113 seats) legislative members in 2020 election Lai's result is a whopping 17% drop in total votes and a drop of 10 legislature seats