Robert Post, professor and former dean at Yale Law School, says allowing the Trump administration to decide which members of the press can access the White House could “deform the press coverage of the president” and leave the public without complete coverage. Post says the broader conflict between the administration and the courts is a difficult one because courts rely on the executive branch’s good-faith compliance to enforce their orders. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s "Balance of Power." (Source: Bloomberg)
Rep. Debbie Wasserman Schultz (D-FL) says President Trump’s deal with Russia to release diesel supplies is a “desperate political move” designed to help Republicans ahead of the midterms and argues he cares more about his party’s political outcome than addressing the cost of living. Rep. Wasserman Schultz says Defense Secretary Pete Hegseth’s plan for the public execution of Nidal Hasan a “sickening, horrific display,” questioning how children could be prevented from seeing it. She speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s "Balance of Power." (Source: Bloomberg)
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Wall Street traders betting on another solid corporate earnings season sent stocks higher despite lingering concerns about still-elevated energy prices and bond yields. Brent crude fluctuated around $104, bringing little relief to investors worried about inflationary pressures that could make the Federal Reserve raise interest rates. Corporate America is now navigating one of the strongest profit cycles in recent history, with the S&P 500 posting seven consecutive quarters of double-digit earnings growth.
On today's episode:
Seth Fiegerman, Bloomberg News AI Editor
Logitech CEO Hanneke Faber
Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence
Barbara Reinhard, CIO: Multi-Asset Strategies & Solutions at Voya Investment Management (Source: Bloomberg)
The Commodity Futures Trading Commission proposed defining financial swaps to explicitly include event contracts based on sports, politics, culture and weather-related wagers as the legal fight escalates over the booming prediction markets industry.
Democrat James Talarico appeared in public for the first time since late September, returning to the campaign trail as his US Senate race against Republican Ken Paxton goes down to the wire.
Luigi Mangione should still face a New York state murder trial even after he pleaded guilty to federal charges related to the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson, Manhattan prosecutors said Friday.
New York Governor Kathy Hochul is opting her state into the Trump administration’s controversial school choice program, according to a statement released Friday.
Wall Street traders betting on another solid corporate earnings season sent stocks higher in the Friday trade despite lingering concerns about still-elevated energy prices and bond yields. We examine the market backdrop with Frank Monkam, Bloomberg News Macro Strategist. OpenAI is expecting to reach or exceed $70 billion in annualized revenue by the end of the year. Bloomberg's Seth Fiegerman joins for a closer look. Logitech CEO Hanneke Faber shares findings from the firm's Ctrl Tomorrow study on technology's effects on user wellbeing and productivity. Plus - Randall Williams, Bloomberg News Sports Reporter, breaks down why the NFL is asking the Supreme Court to let states regulate prediction markets. All on the latest episode of Bloomberg Businessweek Daily. (Source: Bloomberg)
Bloomberg's Randall Williams said that the NFL is waiting before it strikes any deal with prediction market companies as the Supreme Court takes up the question of event market regulations. The league asked the high court to let the states handle regulation of the markets, saying that the 'laissez-faire' attitude taken by federal regulators opens the trading up for 'unscrupulous actors to cause mischief, trade on inside information, and harm game integrity.' (Source: Bloomberg)
Stephen Moore, former economic advisor to President Trump and Unleash Prosperity chairman, said that Republicans are 'behind the eight ball' on the economy ahead of the midterms, but notes that there is still plenty of time for voters to make up their minds. Moore said that he wouldn't say the US has a 'great' economy but that it is still 'very strong.' (Source: Bloomberg)
President Donald Trump is working with Vladimir Putin to release Russian diesel supplies into global markets, a move that upends years of sanctions as the White House seeks ways to tame soaring fuel prices ahead of the US midterm election.
Catherine Lucey, Jennifer A. Dlouhy and Will Kubzansky
US Secret Service Director Sean Curran said it’s regrettable that a ruse to secretly switch President Donald Trump’s plane for a flight out of Turkey came to light, saying publicity about the maneuver risks making it harder to use the tactic again.
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from DC. On today's show, Kpler Head of Policy and Geopolitical Risk Michelle Brouhard, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, Friday Reporter Public Affairs Founder Lisa Camooso Miller and Former Senior Economic Advisor to President Donald Trump Stephen Moore. (Source: Bloomberg)
A US judge blocked a key component of the Justice Department’s efforts under the Trump administration to obtain state voter records as part of a nationwide probe into alleged election fraud by non-US citizens.
Iran has managed to preserve its missile and drone factories despite months of US and Israeli bombing, officials familiar with the matter said, allowing it to replenish its arsenals while President Donald Trump holds off on strikes ahead of the midterm elections.
A slow-burning conflict between New York City Mayor Zohran Mamdani and the Trump administration over immigration turned into a fierce confrontation after a federal agent shot a man on a city street during an enforcement operation.
Democrats announced a $5 million ad buy in Kansas, typically a solidly conservative state that has unexpectedly and rapidly become a Senate battleground ahead of the Nov. 3 midterm elections.
President Donald Trump is set to direct the federal government to seek ways to overcome state obstacles to energy projects, following efforts threatening the development of a planned coal export terminal in California and a gas pipeline in New York.
