Dan Brouillette, Former Secretary of Energy during the first Trump administration and Co-chair of the Torridon Group, says a US diesel export ban would be a “bad idea” because it could eventually force refiners to cut production and raise gasoline prices. Brouillette says reopening the Strait of Hormuz is the most important near-term step to bringing fuel prices down and argues markets need confidence that it will remain open. Brouillette thinks constrained US refining capacity is contributing to diesel scarcity and remains a longer-term infrastructure problem. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s "Balance of Power." (Source: Bloomberg)
Basketball star Dennis Rodman joined Donald Trump during an event in Texas on Thursday as the US president angles for another meeting with the North Korean leader, Kim Jong Un.
Bloomberg Screentime gathers the moguls, celebrities and entrepreneurs defining the next phase of pop culture. Amidst a wave of consolidation, industry experts discuss and debate the future of entertainment studios, live sports, podcasting, music, and the impact of AI on the creative industries. Hosts Carol Massar and Tim Stenovec speak to the industry leaders navigating the transformation from Hollywood. All on the latest episode of "Bloomberg Businessweek Daily." (Source: Bloomberg)
President Donald Trump’s top trade adviser said there’s no timeline for cutting tariffs on the $60 billion of goods recently recommended by the US-China Board of Trade.
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Bloomberg Screentime gathers the moguls, celebrities and entrepreneurs defining the next phase of pop culture. Amidst a wave of consolidation, industry experts discuss and debate the future of entertainment studios, live sports, podcasting, music, and the impact of AI on the creative industries. Hosts Carol Massar and Tim Stenovec speak to the industry leaders navigating the transformation from Hollywood.
On today's episode:
Ed Ludlow, Host of 'Bloomberg Tech'
Darren Walker, CEO at Anonymous Content
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech
Aleen Dreksler, Founder & CEO at Betches Media (Source: Bloomberg)
Since the start of his second term, President Donald Trump has waged a fierce campaign to impose his will on the Federal Reserve, breaking with the modern convention of walling off the US central bank from political interference, at least publicly. Trump has sought to pressure the bank to cut interest rates and verbally attacked then-Fed chair Jerome Powell. He also has attempted to push a Fed governor, Lisa Cook, from her job, over unproven allegations of mortgage fraud.
The Trump administration is ramping up pressure on the European Union to release diesel stockpiles, a move seen potentially averting a ban on US exports of the critical fuel.
UK Prime Minister Andy Burnham has pledged to reverse Margaret Thatcher’s economic legacy. Bloomberg Originals explores whether this proposed rollback is feasible in the UK’s current fiscal landscape. (Source: Bloomberg)
It often seems that UK Prime Minister Andy Burnham’s biggest political opponent isn’t the right-wing populist Nigel Farage, but a Conservative predecessor who died 13 years ago: Margaret Thatcher.
The Federal Housing Finance Agency is planning to direct Fannie Mae and Freddie Mac within weeks to require lenders to pull credit data from two major credit reporting bureaus instead of three, according to a person familiar with the plans.
The Defense Department has tasked two of its biggest contractors to lead an effort to study the future of warfare and design weapons that American service members will need in the years ahead.
The Republican-led Congress has left Washington until after the midterm election, abandoning efforts to address voters’ angst over affordability even as President Donald Trump’s economic approval hits new lows.
The Pentagon is deploying an additional aircraft carrier and 10,000 sailors and Marines to the Persian Gulf, according to a US official, a move that gives American commanders more options if President Donald Trump chooses to escalate attacks on Iran.
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss . On today's show, Bloomberg Washington Correspondent Tyler Kendall, Bloomberg Opinion Columnist Gautam Mukunda, Bloomberg Capitol Influence Deputy Team Lead Mike Dorning and Bloomberg Senior Editor Eric Weiner. (Source: Bloomberg)
Republican lawmakers are considering a plan to deny a newly elected Democratic congressional majority a powerful piece of leverage over President Donald Trump’s administration by using the current Congress’s last few weeks in office to quickly raise the US debt limit.
Microsoft Corp.'s shares jumped 37.5% from July through September, their best quarterly showing since 1998, adding $1 trillion to the company's market capitalization. The company's earnings in late July showed the fastest cloud growth in four years from strong AI demand, easing concerns about whether Microsoft's heavy AI investments would lead to better growth. There are 72 analysts tracked by Bloomberg who follow the company, and only three don't have buy ratings, with the average price target suggesting the shares will rise about 11% in the coming 12 months. Bloomberg's Ryan Vlastelica joins to discuss. (Source: Bloomberg)
The Trump administration’s decision to revoke the visa of a Peruvian judge who sided with a Chinese company in a port dispute puts a new spotlight on the growing US-China rivalry in Latin America.
UK Defense Secretary Wes Streeting said Iran was likely responsible for the thwarted attempt to attack an airbase used by the US, after police said on Thursday they’d arrested an British-Iranian dual national.
