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US Economy Grows by 4.9% in Third Quarter

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US Gross domestic product accelerated to a 4.9% annualized rate, more than double the second-quarter pace, according to the government’s preliminary estimate Thursday. Lindsey Piegza talks about the ramifications the Federal Reserve of this print on “Bloomberg Surveillance.”

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30 Comments

30 Comments

  1. @Amarkabir

    December 10, 2023 at 3:01 pm

    >>I respect the work you've done and the knowledge you share. With trading, technical analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Juliet Mazi insights, daily trade signals, and my dedication to learning, I've been increasing my earnings to over 7btc! in a few weeks. Keep it up

  2. @johng1738

    December 10, 2023 at 3:01 pm

    It is hilarious that republicans are getting mad that the economy is doing well.

    Like we are all on the same team guys, let’s celebrate this victory.

  3. @sirloin869

    December 10, 2023 at 3:01 pm

    And you will never see a cent of it,happiness in slavery…

  4. @orvinstrickler2130

    December 10, 2023 at 3:01 pm

    Nobody is mentioning that BRICS nations are dumping their dollars while they still have some value. Those dollars will flood our market even more causing more inflation. Smart people are turning their dollars to silver and gold.

  5. @willthomas7950

    December 10, 2023 at 3:01 pm

    Fundraiser: I moved to a new place on earth and made friends with my new neighbors and others.

    3 Billion United States $

  6. @jakw97

    December 10, 2023 at 3:01 pm

    "Record debt and deficit spending with high inflation"
    Bloomberg:
    – Its impossible to figure out what is going on with these high GDP numbers and job growth.

    Really dude, do they now refuse to talk about the obvious risk of inflation driven demand coming back with yet again higher CPI numbers?

    Why would a record rates hike cycle create more growth on the peak of interest rates? Because inflation is higher than CPI, if you use that as a data point everything els makes 100% sense

  7. @MatthewThornton-zz9dj

    December 10, 2023 at 3:01 pm

    Stop misleading us

  8. @mateobaysa2055

    December 10, 2023 at 3:01 pm

    So the economy grew 4.9 percent but the inflation rate is around 7 percent.

    Hence, in real terms the economy shrunk. 😂

  9. @Nanster-gv8nf

    December 10, 2023 at 3:01 pm

    The Fed needs to raise rates at least 25 basis points next week to gat a handle on all this.

  10. @lastChang

    December 10, 2023 at 3:01 pm

    American 🇺🇸 and Chinese economies are in opposite directions.
    Basically, Chinese economy is very sick. There's no cure.

  11. @kurdi98k

    December 10, 2023 at 3:01 pm

    But how much is the Real GDP? Let's not kid ourselves.

  12. @haydar378

    December 10, 2023 at 3:01 pm

    GDP growing because everything cost more because inflation we are experiencing

  13. @davidhorak3626

    December 10, 2023 at 3:01 pm

    SHES really good 👍

  14. @drscopeify4582

    December 10, 2023 at 3:01 pm

    All the FED did was make taking on new debt more expensive and most of US history the rates were around the current rate so if anything we are just back to normal where we should have been the last 15 years. Now that rates are normal again, banks can actually give you something for savings. Finally savers can get rewarded, instead of people that take on debt.

  15. @Stumpy17

    December 10, 2023 at 3:01 pm

    Growth sounds great until you realise it’s due to higher consumer spending because of higher costs & a huge increase in government spending…..

  16. @commonsense504

    December 10, 2023 at 3:01 pm

    😂🤣😂🤣👌🤡🤡🤡

  17. @lokesh303101

    December 10, 2023 at 3:01 pm

    Yes! Now Better reduce Tax on Home Grown American Stocks.

  18. @billiondollarideas5695

    December 10, 2023 at 3:01 pm

    4.9% annualized. Journalism is dead.

  19. @elvinhayes4356

    December 10, 2023 at 3:01 pm

    They count "new debt" as growth, just so you know.

  20. @valdomero738

    December 10, 2023 at 3:01 pm

    Moon landing

  21. @basook6116

    December 10, 2023 at 3:01 pm

    how much of USA gdp rose contribute to government spending?

  22. @_bot_4638

    December 10, 2023 at 3:01 pm

    I hope FED increases rate by 50 BPS atleast.

  23. @andyrudd7509

    December 10, 2023 at 3:01 pm

    Yeah right 😂😂😂

  24. @skfanfanfan

    December 10, 2023 at 3:01 pm

    The Fed will pause until March 2024 and then rightfully repeating the mistake they committed in March 2022.

  25. @michael2275

    December 10, 2023 at 3:01 pm

    Effectively Joe Biden is the problem. FJB

  26. @sleepyjoe4529

    December 10, 2023 at 3:01 pm

    haha sure buddy

  27. @blackcamel1872

    December 10, 2023 at 3:01 pm

    Sure it did.

  28. @melodyocampo227

    December 10, 2023 at 3:01 pm

    Great GDP ❤️🥰👍🏻

  29. @FaithShortridge

    December 10, 2023 at 3:01 pm

    SOMETHING TO KEEP
    IN MIND 🤔

    THESE PEOPLE…
    CONSISTENTLY LIE
    TO YOU

  30. @FaithShortridge

    December 10, 2023 at 3:01 pm

    MALARKEY

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Northrop Grumman Is on a Wartime Footing, CEO Says

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Northrop Grumman Chair, CEO and President Kathy Warden says the defense contractor is on a wartime footing as it supports the Trump administration’s efforts around the world. She speaks to Kailey Leinz at a Bloomberg Newsmakers event in Washington.
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Meta Agrees to $16.7 Billion Settlement in Social Media Case

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Meta Platforms has reached a $16.7 billion settlement in a high-profile case concerning harm caused to teens through its social media platforms. The settlement amount is significantly lower than Meta’s worst-case scenario estimate of $1.4 trillion, which represented the maximum potential penalties if all accusations had been upheld at their severest levels. Ed Ludlow reports on “Bloomberg Open Interest.”
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Warsh Makes Big Promises at Jackson Hole, Experts React

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Bloomberg’s Tom Keene, Lisa Abramowicz, and Michael McKee spoke with a number of financial experts on the sidelines of the Jackson Hole Economic Symposium in Wyoming on Friday, where they broke down the speech from Federal Reserve Chairman Kevin Warsh. In his first appearance as chair from the annual gathering, Warsh said if inflation doesn’t meaningfully slow down, policymakers have “work to do.”
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Anthropic’s Mega-IPO Plan Looms Over Packed US Listing Calendar

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Anthropic PBC’s IPO is casting a long shadow over companies’ US listing plans, as they try to find room for their deals to grab attention after the Sept. 7 Labor Day holiday.

The Claude developer is preparing to file publicly for an initial public offering that’s expected to raise as much as SpaceX’s record $86.2 billion debut, if not more, in the coming weeks. Some firms and their backers are finding it hard to get the attention of long-term-oriented investors and sovereign wealth funds when the prospect of an Anthropic IPO is imminent, according to people familiar with the preparations.

For a closer look, we speak with Bailey Lipschultz, Senior Equities Reporter for Bloomberg News.
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Trump Vs. Canada: White House Prepares Next Move as Trade War Spirals

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The Trump administration is discussing additional trade penalties against Canada after Prime Minister Mark Carney unveiled dollar-for-dollar retaliation to new tariffs imposed by the US. The threat underscores the prospect of a spiraling trade war between the two nations. Bloomberg’s Jill Disis breaks down the situation.
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