blackrock. blackrock, by the way, also owns state street and vanguard. it is really just one giant cartel that owns now everything. the head of blackrock, larry fink, is on the board of the world economic forum. yeah, boo. the world economic forum is the billionaires boys club that meets every year at davos that meets every year to decide what the world will look like for the rest of us. the plan, the shorthand term, what they call it is the great reset. one plow swab was head of the -- when klaus schwab the head of the wf was asked to explain the great reset, he said you will own nothing and you will be happy. anyway, they are on their way to doing that. they own these companies and are making big profit. we committed in march 113 billion, by the way since they for of that agreement in april, 500,000 ukrainian kids have died in a war that never should have happened. each one of those kids has a mom and dad. i think what it would be like. i can't imagine it. you multiply that grief by 500,000. in march of 2013, or march of last year or 2022, we committed

blackrock. blackrock, by the way, also owns state street and vanguard.t is really just one giant cartel that owns now everything. the head of blackrock, larry fink, is on the board of the world economic forum. yeah, boo. the world economic forum is the billionaires boys club that meets every year at davos that meets every year to decide what the world will look like for the rest of us. the plan, the shorthand term, what they call it is the great reset. one plow swab was head of the -- when klaus schwab the head of the wf was asked to explain the great reset, he said you will own nothing and you will be happy. anyway, they are on their way to doing that. they own these companies and are making big profit. we committed in march 113 billion, by the way since they for of that agreement in april, 500,000 ukrainian kids have died in a war that never should have happened. each one of those kids has a mom and dad. i think what it would be like. i can't imagine it. you multiply that grief by 500,000. in march of 2013, or march of last year or 2022, we committed 1

blackrock. blackrock, by the way, also owns state street and vanguard. it is really just one giant cartel that owns now everything. the head of blackrock, larry fink, is on the board of the world economic forum. yeah, boo. the world economic forum is the billionaires boys club that meets every year at davos that meets every year to decide what the world will look like for the rest of us. the plan, the shorthand term, what they call it is the great reset. one plow swab was head of the -- when klaus schwab the head of the wf was asked to explain the great reset, he said you will own nothing and you will be happy. anyway, they are on their way to doing that. they own these companies and are making big profit. we committed in march 113 billion, by the way since they for of that agreement in april, 500,000 ukrainian kids have died in a war that never should have happened. each one of those kids has a mom and dad. i think what it would be like. i can't imagine it. you multiply that grief by 500,000. in march of 2013, or march of last year or 2022, we committed

it has been rocketing higher since june 5th tenet that blackrock filed for a bitcoin etf.wded group of fund, grayscale, invesco, arc vest and more angling to get approval from the sec to launch bitcoin spot etfs. so far the sec outright rejected or slow-walked the process. with sec chair taking the stand gensler said crypto investing is dangerous to investors even though many wanted to do so. gensler has become the crypto world grinch. sources close to the situation telling "claman countdown," sec will approve at least two of the applications. they will do so the week of january 8th. sources tell us the two most likely will be grayscale and blackrock, the world's largest asset manager. gray scale applied in 2022, the blackrock the world's largest asset manager according to revised filings yesterday secured a ticker, ibit. before that happens sources tell "the claman countdown" the sec has efforted to slow the conversion of grayscale bitcoin trust to a spot etf. let's get more on all of this, from the ceo of gray scale, michael sonnenshein. he joins us live in the studio. y

blackrock's the largest asset manager in the country.leading companies that pushes this environmental, social is, governance agenda, that tells companies that they have to get involved in these divisive social-political issues, and they're doing that because a lot of the management money comes from california, from new york. unfortunately, i think anheuser-busch is scared of blackrock and its largest shareholders and, unfortunately, they need to think who their real hair holders are, all the folks that watch the show, everyday americans and their 401(k)s and their retirement savings that are invested, that are counting on bud light to get it right, to get their marketing right, get beer sales back because that's what's going to pay for their retirement and not necessarily worry about these large asset managers like blackrock. rachel: i'm really glad you brought up blackrock, because i think that's a big part of the whole everything e sg push and why bud light did. this i knew bud light was part of this stat, but i imagined people were ju

but accuses blackrock of downplaying the role and its investment strategies. you up—to—date.ething more to break that relationship between overeating and overindulgence. les relationship between overeating and overindulgence.— overindulgence. les said she has been overweight _ overindulgence. les said she has been overweight for _ overindulgence. les said she has been overweight for most - overindulgence. les said she has been overweight for most of - overindulgence. les said she has been overweight for most of her| overindulgence. les said she has i been overweight for most of her life and when she had about a jab that suppresses it, she want to her about it. mt; suppresses it, she want to her about it. ~ , ., suppresses it, she want to her about it. y ., .,, suppresses it, she want to her about it. y ., " suppresses it, she want to her about it. my friend had lost 11 stone herself. it. my friend had lost 11 stone herself- i _ it. my friend had lost 11 stone herself. i went _ it. my friend had lost 11 stone herself. i went online - it. my friend had lost 11 stone herself. i

the blackrock head of markets and portfolio solutions joins us next.his is bloomberg. ♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >> i would not rule out another fed hike sometime between now and the end of q1 of 2024, i think all it takes is stronger-than-expected labor data, which we are seeing in terms of continued wage inflation, the fact that inflation is not anywhere near the 2% target and it seems the consumer in the markets have been able to absorb this higher for longer rhetoric. guy: not the base case, but don't rule it out. taking us back to our question of the day, how hard do central banks need to push back? how hard will they push back this week? the blackrock head of markets and portfolio solutions joining us now on set. what do you think? ursula: i think -- first of all, nice to see you, indeed. the

i want to get back to what you said tennessee attorney general is suing blackrock accusing the financialppreciate consumer protection laws by making misleading statements of the esg environmental social and government strategy blackrock is rejecting the lawsuit to fox business is that they fully and accurately disclose investment practices. what do you want to see here. >> i would like to see justice they put their will order policy esg environment social government and then prioritize the climate change agenda over the well-being tennesseans, that is a fraud you have intelligentsia that serve on the board and the dictating what the investments are in over the wishes and the concerns of the consumer so there literally ripping us off to support their woke agenda. maria: were to be wanted out of this. we appreciate your time. thank you, merry christmas to you. tim burchett joining us. new york city mayor eric adams making wild comments about what it's like to live in the big apple today. it's making a buzz you don't want to miss it you want to "mornings with maria" live on fox business. ♪

we love blackrock. >> the call here, base target of 708.hat analysts might be right on that? >> no. listen -- >> laughable? wow. >> so you have to understand the whole analyst side of things, right? analysts are under pressure, have a certain number of buy, hold or sell. some are good on stocks picks, some on earnings, and some on company themes. sometimes we give too much credit for these types of calls. >> all right. >> i think this is really simple, an asset management business. if you believe steph, brian and myself, assets are going up next year, meaningfully. the assets under management are going up. i think it's that simple. >> ge, a big upgrade today. a lot of bullishness on spinning off aero business. >> the stock is up 87% year to date. this is a simpler story. they spun off health care. they're going to be an aviation powerhouse with double digit organic growth and upper teens earnings. i think the after market business is very positive for margins and pricing. i love it and the management. >> boeing price target upgrade at ubs.

but, first we get to k rooney, who has some news on blackrock and it's widely anticipated -- decline -- fs1, for its etf it added to authoriz participants first one -- high frequency trading firm. and then you have jpmorgan, an some of his comments -- which has an authorize participant as well. but that again, this has bee seen in crypto markets, an bitcoin especially as one of the big -- -- >> it's another administrative find that we've gone no clear sense of it gets sandy closer, so that they would've had to figure out before getting just to mark it it seen as a january timeline, based on blackrock - images kathy would arc, as somethin in the works there's a variety of different books going etfs application out there. no sense is if this particular news means it's coming any - they're working on if they're getting something going. -- also seen as a potential - there's been a lot priced into bitcoin based on thi excitement >> as i've said before, remember when the oil etf cable, the gold etf came, it wasn't quite this level o anticipation maybe a slight under a piece o ironic news -

neeraj seth from blackrock will be with this.d india, anand rathi shares of stockbrokers will be giving us the outlook for india next year, and why they are bullish on small and mid-cap stocks in particular. that's on the way. this is bloomberg. ♪ rishaad: that's a look at benchmarks. all in the red, a mixed bag across asia, chinese with the spanner in the works. it is down to this underwhelmed feeling with regards to this economic work conference taking place. what we have is this onus, to quote, building a modern industrial system. last year it was number two, and number two this year was number one this year. that was about consumer spending , i suppose. this is now all about domestic demand taking second place and a greater emphasis on cutting edge technology going up the value chain. one of the reasons behind all this is the spreading of gloom coming out of the property sector. real estate having a marked effect on the wealth effect across the country, sources telling us the latest on country garden, saying it is likely to a

people were fighting, people meaning larry fink at blackrock and all the big players that have been ablen in the same way where you could take your bitcoin, go directly to them, they can accept the bitcoin as currency, and you can get paid in bitcoin if you redeem. the sec said, no, we're not going to allow that. you can only e deem and essentially purchase with cash -- redeem and essentially purchase with cash. that's key. why in well, the sec will tell you because we don't want this used for nefarious reasons. they're worried about people essentially taking bitcoin that they've used with, to get, to buy, you know, drugs and going -- and washing that bitcoin through harry fink's et, essentially. the e t, f provider says, no, first off, you can do that with cash, to be honest with you, but not only that, this is going to screw up the way these etfs work. it's complicated, but they would like it all to be sort of saturdayized. but the -- standardized. but is sec said, no, i want cash in, in kind as the latter is called, out. so redo your applications, and we'll -- and get ready for januar

the republican—led state accuses blackrock of downplaying the role of esg in its investment strategiess to pay up $700 million and allow for greater compeition in its app interface, known as the play store. google has been accused of overcharging consumers through unlawful restrictions on the distribution of apps on android devices and unnecessary fees for in—app transactions. but it has not admitted wrongdoing. now to japan, where its central bank has kept the cost of borrowing on hold at minus 0.1%. japan continues to face the challenges of deflation but now analysts are starting to see a change and are now talking about the worlds number three economy emerging from three decades of economic stagnation. so what has changed? let's cross live now to japan and join sayuri shirai, professor of economics at keio university and a former policy board member of the bank ofjapan. a warm welcome to the programme. i noted thatjapan�*s economy minister apparently attended today's bank of japan meeting first time since 2020. why was he there, do you think? well, out of the people that are not hap

officials met thursday with representatives from blackrock and grayscale and ark investments and 21 sharesnd three other companies looking to launch etfs tied to bitcoin. telling them to submit final changes by the year end. the s.e.c. is due to decide whether to approve or reject the joint proposal from ark and 21 shares by january 10th. bitcoin this year is up 156%, frank. >> a big rally for cryptocurrency. silvana, thank you. >>> turning attention now back to the markets. day two of the so-called santa claus rally which comprises the final five trading days of the year and the first two of the next. odds are in your favor if history is a guide. 126 santa claus rallies since 1926. the s&p moved higher in 88% of them. across the rest of the year, the markets have risen 56% of the time with the average gain of .2%. let's talk more about the year-end trading with vance howard at howard capital management. >> good morning, frank. >> vance, on day two of the santa claus rally, are you a believer? what sectors are taking leadership? >> i am a believer. i think we will have a good four or five

then it is vanguard, blackrock, state street.we bring in max, we have heard him rail against the fact there is a lot of passive money now. does he have a point? >> there is no surprise he is railing against the regulatory burden of running a public country -- public company. he has been firing off insults at the sec. no surprise there. in terms of the active versus passive, this is a case of both of these people talking there books. cathie wood also runs a venture fund, which is making investments available to investors. she talked about that on the podcast. there is lots of reasons for them to talk about, the vanguard approach is not great. elon musk is a guy who benefits from the vibe style investing. anything that is not vibes is not as good for tesla and is companies. ed: in the five or six years i have come with elon musk, he has benefited from the capital markets and has been pretty clear that he does not lose that much sleep over the thoughts of investors. in an even longer period of time you have covered elon musk and tes

blackrock says the optimism over the scope of rate cuts next year may be going too far, but we aren't just talking about treasuries here. this is a global picture. yesterday you saw on advancing global bonds after ecb's isabel. usually one of the biggest hawks sounded devilish. she said inflation is showing a remarkable slowdown. it was a rare day for a stronger dollar. the dollar spot index. you are looking at it currently, pretty flat, steady. euro-dollar is trading at a 107 handle, really 108. meanwhile, trade is nearing the rates outlook. we have go steady, as you can see on the screen, trading at $2024 an ounce, also keeping bitcoin, not quite at the $44,000 mark anymore, but it has been, and finally oil is steady. we have had four days of decline, will u.s. exports outweigh production cuts? you have brent trading just at $77 a barrel. let's get a check in on how asian markets are faring. april hong is on standby in our singapore studio. this rate cut hike is also lifting equities where you are? avril: stocks are finding their groove, rising for the first time in four sessions on

we will get some insight with the blackrock cio. this is bloomberg. ♪ >> the ecb goes first because their economy is already around a right now. so i think the ecb goes first. one thing people aren't thinking about is if this goes first and the fed turns out to be higher for longer, everyone thinks the dollar will be weaker, -- guy: the one and only bruce research -- bruce richards speaking in the last hour taking us back to the question of the day. when and why will the fed, ecb and bank of england cut. chief investment officer at blackrock fundamental equities joins us now. what do you think? >> a great question and i would agree with bruce i think the ecb is first. they have the most recessionary concerns. i think that it will be the fed. they have inflation they are concerned about and then last will be the bank of england. we saw that today and as you've just been talking about they've got a little bit of growth. inflation is so sticky and that is something we will go last. i think the market is dust i see it later into this ye

morgan chase, american airlines, blackrock, they are changing the dei policies and we know this, it'she companies are revising aspects of their company like scholarship programs, employee trainings, other company initiatives. reuters says that blackrock removed language describing a scholarship as "designed for specific under represented groups." j.p. morgan, advancing hispanics and latinos and advancing black pathways. those invite students of all backgrounds applications. nonprofits, american first legal contacted the companies and demanded they stop considering race or sex in employment decisions. demands were made to several companies, including starbucks, morgan stanley and mcdonald's. the companies i mentioned before, they are among at least six that revised their dei policies after receiving letters threatening lawsuits. lowe's, and others, and they say the policies do not serve the shareholders. >> they distract them with political issues and internal complaints away from what they should be doing to serving their consumer. so, as these companies have looked for ways to cut co

these include blackrock, j.p. morgan chase, american airlines, lowe's young brands.jeans. their visions come after conservative nonprofit, american first legal, and america civil rights project promised legal action if consideration of race or sex in employment decision does not stop. according to the report, blackrock removed language describing a scholarship as, quote: designed for specific under represented groups. j.p. morgan once promoted programs described as, quote: advancing hispanics and latinos. and, quote: advancing black pathways. now, those programs invite application from students of all background. advocates for the elimination of dei, such as the conservative leaning group consumers research say the policies don't serve shareholders. >> they distract them with political issues and internal complaints away from what they should be doing to serving their consumer. so, as these companies have looked for ways to cut costs in a more aggressive interest rate environment, the first thing on the chopping block has been dei department. >> others disagree. a co

is now formally engaging with major market players meeting with grayscale, blackrock and the nasdaq about the potential creation of bitcoin etfs, something the s.e.c. tried to block but was eventually overruled. now, in anticipation, the price of bitcoin is up more than 130% this year and on pace for its best year since 2020, and while crypto tracking stocks like riot, microstrategy and coinbase are up more than 250% since january. a u.s. judge blocked montana's first of its kind ban on tiktok from taking effect on january 1st, saying it violates the free speech rights of users and oversteps state power. tiktok owner bytance sued montana back in may in an effort to block the ban. >> are you on tiktok yet? >> nope. >> i'm on there. i get on there but it's just -- i don't even know how to describe it. >> i only watch videos people send me. >> it's all over the place. >> it seems that way. >> very interesting story. 'll ed to create a "worldwide exchange" tiktok. see you later on the show. >>> the one word investors have to note today, but first why energy traders are not buying what opec is

blackrock's wei li joins us next. this is bloomberg. ♪ c'mon, we're right there. c'mon baby., go, go! ah! touchdown baby! -touchdown! are your neighbors watching the same game? yeah, my 5g home internet delays the game a bit. but you get used to it. try these. they're noise cancelling earmuffs. i stole them from an airport. it's always something with you, man. great! solid! -greek salad? exactly! don't delay the game with t-mobile 5g home internet. (jennifer) the reason why golo customers have such long term success catch it on the xfinity 10g network. is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since starting golo and taking re

the moment that blackrock, the world's biggest asset allocator gets into blackrock, i mean gets intoitcoin i go along with them and i am. charles: right. >> i like the fact it broke out of a little downtrend from yesterday. i want to see higher price from yesterday and i think it is heading up to 50,000. gold to me. central banks are buying gold. we have a profligate spending government that has no intention of slowing down. i like both those things as fiat currency hedge. charles: we have 30 seconds. gold chart is coming back to levels around breaking out. is it more these day as store of value? something that we can really make money in? are there alternative ways to make money. i'm looking at gold, changing my thesis personally i own gold, feel like it a store of value, not necessarily i would get rich on. >> that is exactly what i think, a settle above 2065, 2070 is where the next leg is going higher. think i that gold is still reflecting to us, kind of a echoing those bad long end auctions that happened over the last six weeks when the market is not as, doesn't have the appetite

ben powell at blackrock. we're seeing some big moves on account of this dollar weakness.cally almost every asian currency right now on the other side of that trade gaining ground in the japanese yen holding at that 142.81 level. after significant strength we saw it spike when chair powell was speaking as we have the dollar weakness at the lowest level since august. take a look also at the korean won which is seeing its biggest gain in about a month. we are seeing the aussie also continuing to gain ground. we had seen a jump earlier in the week because of resilient household spending data and the kiwi dollar also up .3%. coming up, distressed chinese developer country garden surprises creditors after repaying an 800 million yuan bond in full. more details next. this is bloomberg. ♪ hey, doc, if you had to choose, would you give yourself a root canal or run payroll? oh, run payroll. paying my team with gusto takes just a few clicks. they automatically file my taxes for me too. can i run payroll too? choose payroll without the pain. shery: you're watching daybreak asia. dist

now according to the report, blackrock removed -- [audio difficulty] was describing a scholarship as,nted groups. jpmorgan once promoted programs described as a, quote, advancing hispanics and latinos and, quote, advancing black pathways. now those programs invite applications from students of all backgrounds. advocates for the elimination of dei such as a the conservative-leaning group consumers research say the policies don't serve company shareholderrers. shareholders. >> they distract them with political issues and internal complaints away from what they should be doing which is serving their consumers. so as these companies have looked for ways to cut costs in a more aggressive interest rate environment, the first thing on the chopping block with has bee- [inaudible] >> reporter: a commune cautions from the president writing this, work that addresses the systemic equities limiting opportunity for historically marginalized groups is not discriminatory. still, job listings for dei professionals are are down 23% in november from the same time last year. that's according to indeed. a

here's what blackrock guru rick rieder told the claman countdown yesterday. >> service level inflationeral reserve to bring it down. my sense is you'll get into we think core pci in january and getting into the 2s. that's a pretty big deal. the trajectory in the right direction. liz: january, okay. >> by the way, by the end of the year, the fed's forecast as well is 2.5%. liz: bring in brandy wine global portfolio manager jack mctire looking at services issue. what's the tried agreeing with rick rieder or do not. >> i do. this is a process and goods deflation and housing is coming down, if it was more reflective of market it would be down more and remember services are the labor intensive part of the economy and you need to see weakness in the labor market and becomes self-fulfilling and start to see even more weakness in the services and again, i don't think there's a lot of pent up demand for the type of services for restaurants, travel, you know, that sort of is working its way through and post-covid, but the way to play it is just pretty simple, u.s. pressuring treasuries and i'm s

these companies are all part of very large uh corporate nexus which you know the likes of larry fin, blackrock or morgan stanley or the city bank or goldman sack, these are the people who are far closer to the actual forces which finance israel, bank roll it, support it and in fact bank roll at war and terror across the world in a much bigger way, outlets like the mcdonald's of the world, the starbucks and targeted, kfc, pizza hurt, you name it, they're all under this umbrella, two or three of these uh large hedge funds like uh black roll or or uh state street etc. they dominate the corporate world and that corporate world compared to what it did with ukraine where a thousand companies came out against uh russia uh in terms of you know physically boycotting russia etc. they in this instant with with gaza and palestine we've seen them act in an absolutely sort of opposite manner to the point where you know certain companies have even lent this goldman sach and and the like that i mentioned certainly have and and certainly city bank have been supporting the war effort too, so uh attacking those

i think you have the likes of the investment management company and you have blackrock involved.tunate to have these large global investors partnering with us, letting us manage their capital and their clients capital. and what we bring to the table is global perspective. they are large institutions that have invested for decades. by combining our local expertise and local network with their global perspective, that's a win-win. rishaad: planta you deploy? if you look at infrastructure, what are you doing in that space at the more granular level, and when do these projects come to fruition? james: we have commissions, built and are operating a few data centers in singapore, in korea and one in japan. that's where we see tremendous infrastructure needs. and where we think it gets really exciting is when you look across industries spirit across energy. when you look at supply and demand gaps. when you identify unique solutions or you have to be creative to bring green power. and that is where we are very much differentiated from other investors. offshore wind has a new space in asi

this week, rick rieder of blackrock on where we are headed in 2024. rick: i really think the u.s.my d

jonathan: amanda lynam of blackrock. a lot, not all rate cuts are created equally. they just are not. get down to economic growth and rate cuts, different outcome for markets. from a beautiful new york, this is bloomberg. ♪ (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. >> i think the world is de-banking, and i see it -- see it this way, every economy, revelatory scheme, credit is tied to gdp. regulators have two choices as to her credit comes from, the banking system or the investment market. there is no third choice. an

and blackrock, forcing them to get involved in political asset managed, and at the largest shareholderction. that is problematic but good to see companies like strive pushing back. edward: a few high placed people in these companies imposing an agenda on black rocks of the world or is it companies trying to ride a wave by lawmakers, because they did that are one point. >> the large asset management company's, black rock and vanguard. a lot of the money from black rock and vanguard does come from political organizations and the state of california, and the pension system relies heavily on democratic organization. the pension fund, a lot of cases sovereign wealth funds, comes from organizations that are more progressive. if you manage my money, we want you to enforce companies to adopt certain environmental and social, governance standards, diversity, equity and inclusion standards that might not be in line with what shareholders want but want companies to make money but solve the political agendas that governments and organizations are trying to foist through the back door. edward: we w

berk berkshire is the third largest shareholder behind blackrock and vanguard. berkshire bought into hp in 2022. a >>> cathie wood is snapping up 9,000 shares of microsoft for the etf and 10,000 shares of meta platforms. this is the first meta buy in five months. her firm held 285,000 shares of meta before the latest purchases. >>> coming up on the show, leave the cheese bust and orange colored fingers at home. how a collaboration with f frit-o-lay and a cocktailmaker means good times for you. that's coming up. we love going to games, but good seats get pricey. so we use gametime. gametime checks ticket prices in real-time and finds you all the best last minute deals. we got our seats twenty minutes ago for sixty percent off! last minute tickets at the best price, in seconds. download gametime now! i'm a little anxious, i'm a little excited. at i'm gonna be emotional,nds. she's gonna be emotional, but it's gonna be so worth it. i love that i can give back to one of our customers. i hope you enjoy these amazing gifts. oh my goodness. oh, you guys. i know you like

wei li is global chief investment strategist at the world's largest asset manager blackrock.let's start with the us, the federal reserve did we expected, they kept rates in the world's biggest economy on hold but it was interesting to hear whatjerome powell had to say. hear what jerome powell had to sa . ., ., hear what jerome powell had to sa. ., ., , say. your thoughts? absolutely. a fascinating _ say. your thoughts? absolutely. a fascinating time _ say. your thoughts? absolutely. a fascinating time in _ say. your thoughts? absolutely. a fascinating time in the - a fascinating time in the markets, the federal reserve used to give forward gardens and guide the markets and for now they are taking guidance from the market. the surprise yesterday was not so much about the hold or most likely already at the rays, we knew that already, but it was markets going into the meeting were already pricing in aggressive cuts. 120 basis points for 2024. the fed essentially gave them permission to do that yesterday. essentially started talking about rate cuts and this contrast was this beac

kate moore will join us from blackrock.vision, "bloomberg surveillance." ♪ (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ dear moms and dads, what you have achieved here today is going to help us and our futures. it is why we're coming up on stage to collect your diplomas. mom, love you always. vo: when you graduate, they graduate. visit finishyourdiploma.org to find free and supportive it's an amazing thing adult education centers near you. when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. >> we have not seen the overall market rise yet, and that is what 2024 will be about. >> tech will continue to outperform. >> from everything written that worked in 2023 to everything that did not work. >> investors will h

man right there, rick reed err of blackrock will join us.nd when the first cuts can could. the whole thing and also dan greenhouse reporting nicole webb and eric jackson, as well. i hope you'll join me then. let's do final trades. steve weiss, start us off. >> i'm staying in character and i'll stay with the one-year treasurys just over 5% yield. you can sit and wait it out. i have enough aid in my portfolio already. >> i thought you would have something dracula-related. you would stay in character. are you recommending garlic? >> i'm a big supporter of the u.s. government. i'm staying in character. >> that was pretty funny, by the way. cvs. usually these are positive catalysts i think, tomorrow. >> sarat, this is what the stock need ne needed and the wealth management is doing fine. >> you like the financials, too. liz young? >> food and beverages. it's the holiday season, eat, drink and be merry. consumer staples have been a laggard and if you want to play the rotation play, the laggard has been the food, beverage and tobacco section of tha

. >> ♪ not to be confused with blackrock ♪ >> ♪ it is the alternative era filled with blackstone we leadries it is the alternative era build with blackstone ♪ >> this tour rolls on. guy: i do not know. if you can have secondaries in some kind of smooth video, that is not the worst thing i have seen. they are not the worst thing. >> apparently the genesis of this is that president john gray took his daughters to a taylor swift concert, loved it so much he decided the holiday video could be based on the idea that blackstone is going out to raise a fund on the alternative era tour, like taylor swift. guy: that is never going to happen. i think some sort of video involving alex and me would be bad. alix: this is what we do every day. >> may be some hidden talents should remain hidden. guy: yes. alix: we could do it to a beatles song. guy hates the beatles. guy: i hate the beatles. do not tell my father. he gets crossed when i talk about that. taylor swift is coming to europe next year. we will all get to experience the taylor swift experience in europe. alix: we will see what that does to in

goldman sachs and the blackrock's of the world want to hold on to what they see as their trade secretsy do not want that to go out the door one day and appear elsewhere after the weekend. guy: thank you. sounds nice. european markets, volume is quite good today, which is peculiar. u.k. inflation, brent crude up 0 .8%. european close is coming up. this is bloomberg. ♪ bitcoin. look for bitwise, my friends. guy: wednesday, the 20th of december, patchwork today. biotech company having problems with a skin european. stop is down. linden looking better. inflation going down sharply. the pound is down. that is good for the ftse 100. retail stocks doing well but there is not a consistent theme. the volume is quite strong, which i am surprised about. the countdown to the close starts right now. >> the countdown is on in europe. this is bloomberg markets: european close with guy johnson and alix steel. ♪

blackrock secret -- a senior macro strategist joining us next. this is bloomberg. ♪ [announcer] if you're thinking about earning your degree online, snhu can help you get there. - i felt supported throughout the whole process, even from the first call. [graduate] my advisors consistently reached out and guided me along the way. - it was like i was talking to a friend, like someone that i had known for years. - the instructors were very helpful with everything that i was going through. [announcer] we'll be with you from day one to graduation to your dream job. ♪ it all starts the moment you find your program. [announcer] go to snhu.edu to get started. >> the short answer is the boj can do what they want and have marched to their own drum for a long time. every central bank has to react to their own economy. they have different cycles and move at different paces. they are more globally connected than they have ever been and the interest rate markets are more connected but the boj has consistently been dipped -- behind its counterparts. guy: speakin

donors she will not stand up for you larry fink king of woke industrial complex esg movement ceo of blackrock powerful company in the world supporting nikki haley, to say that doesn't affect her of is false. >> in terms of donors they are jealous they wish they were supporting them. >> we spoke to students at watch party on university of alabama campus as candidates try to win over young voters, from the students we heard mixed opinions. >> as first generation college first generation american favor a lot of nikki haley ideas in term of sfliemgs i think donald trump. >> who stood out. >> honestly chris christie. >> have you surprised he is saying that. maria: i am very surprised he is saying that. >> in washington, republicans in the senate voted wednesday to block a 110-billion-dollar spending package, with aid for ukraine, israel taiwan any bill with more money for ukraine should include money and resources to secure the southern border, immigration ukraine israel taiwan all those issues that came up on the debate stage last night. maria: absolutely grady, thank you grady trimble this morni

we just need to get that together, perhaps together with the blackrock uae managed money.erhaps that gets replicated 10 or 12 times in different formats to provide that linchpin capital that is preventing the market from fully realizing his potential. francine: is there enough collaboration between the groups? >> definitely. bill was mentioning our partnership with the private investment lab with the world bank where he has given us have a deadline of april next year to solve the problem of the world. but he is doing awesome work in terms of unlocking all this mbd capital because there are all sorts of bottlenecks. he is looking at how we can get guarantees done in a more standardized way. as like fx protection, securitization, etc. the solution is coming up with a super practical that will drive the culture of the organizations to delivery. we from the bottom up after her with these organizations to get the money flowing. bill was just saying, which is right, that solar, offshore, onshore wind are pretty much the cheapest forms over noble. a lot of the power that has been

in a few minutes, we will speak with the global fixed income cio at blackrock. we

that's where you're seeing u this background into the housing market, there is an outrage lately because blackrock buying up single-family goals and taking thoseopportunities away or competing with the average home buyer . it's not like you're funding guy whose building a house, they are just on the and is being done with taxpayer money. this is part of this huge wealth transfer happening on with money s level going to the business on monetary policy level where they are inflating the capital getting them this thother advantage in the market it's just impressive never seen anything like this in terms of how this is all in, there are tons of scenarios, many of which are not as it is hard to say things that must in the us that's why you have this push with so many people looking to bitcoin or these other assets because they feel like they can't trust the government and the fed who is this quasi-government. >> less and less so every day . >> do not the value of our dollar, don't do all this crazy thing but their standby ready to purchase that so because it is so intentionally okay and complicated to

the approval of etfs from blackrock and the like are open for a matter of time and open up the availability and makes it easier to purchase and if you don't have a bitcoin wallet somewhere, you can't figure out how to buy it on a thumb drive and people with the most money are those in 50s, 60s, 70s and a lot are smart like yourself, stuart, this is a bit truckie and buy etf and brokerage account make it is easier and you have more coming next year and the u.s. government's intent on printing unbelievable amount of money day after day. stuart: it's a rally, 41, 3 on bit kinnick stadium right now. thank you for joining us, mike lee. see you again soon. you got it. lauren is looking at movers and that will be including alpha get down 3%. lauren: they're delaying the launch of chatgpt competitor called chat bot gemini to january. issues with the performance and ability to understand non-english questions. stuart: oh, dear. lauren: big tech is down and google down 3%. stuart: l lu lululemon lauren: they're up. stuart: shake shack. lauren: improvements are going and you happen ceo is saying potat

coming up on the european close, blackrock chief strategist. quiet day but it won't be a quite weak. cpi tomorrow then we get into the fed and the bank of england and the swiss national bank and the ecb. all of that will have a big impact on how your money works next year. will get the take on what that story will look like. this is bloomberg. ♪ first time i connected with kim, she told me that her husband had passed. and that he took care of all of the internet connected devices in the home. i told her, “i'm here to take care of you.” connecting with kim... made me reconnect with my mom. it's very important to keep loved ones close. we know that creating memories with loved ones brings so much joy to your life. a family trip to the team usa training facility. i don't know how to thank you. i'm here to thank you. i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on

blackrock total return which we just launched is more, 60-40 that people do, married to equities. this is more in that ilk. the etf model has grown extraordinarily. people like the liquidity and put it in models of tax benefits. we launched something modeled off of the total return mutual fund. can you do it in etf form? we are excited about it because we think money is coming into fixed income and people, equities had a good run this year. could be a bit of ballast in my portfolio through 40%. the total return fund gets -- liz: a good run, nasdaq up 40%. happy holidays. so good to see you. he says mayor, first cut. thank you so much. as investors gamble on the timing of rate costs, tourists are rolling the dice on las vegas and so is the company behind the famed hotels. we are about to show you the sin city grand opening of the brand-new casino resort. the ceo is here live to give you a tour and tell you how he envisions certain visitors of vegas 2.0. now publicly traded, casino stocks have gained this year. mgm up 34% year to date. las vegas sands and when in the green as well.

how did black rock blackrock mislead investors? back on the show, thanks for having me. black rock said two different things that kept focusing on its fiduciary responsibilities and tried to maximize returns. at the same time, talking about environmental commitments and how it is going to use its control of the assets advantage to further greenhouse gas reduction. david: how much do you think that cost and who is the victim here? is this the taxpayers of tennessee, talking about pension government pension programs from tennessee etc. ? >> the victim's anybody who is trying to make informed decisions about investing. this is a consumer protection case about the representation the company is making. david: are there other attorney general that are doing the same thing? >> you see a lot of 80s looking at these issues. we have a particularly needy consumer protection law. you will see different states respond differently depending on what legal tools are available. david: i talked to a couple attorney general who were trying to get oth

market that and make them more money and same with esg investment the reason why it's not making the blackrocks is a problem with america today's world everything is narrative driven and when it's not narrative is hypocritical. cheryl: how does the company make money off of di. it's virtue signaling. >> once they say i have di and being inclusive, it opens you up to awoke crowd that is backing to the crowd that heard in talladega making them more money in the end. >> you might be attracted not gen z in bringing them saying i want to be the right corporation. >> you have to go both. >> of this generation i think a good have to wake up and realize it is a job you are paid to be here. so be grateful for that. anyway. we have a lot more coming up. the 2024 race is shaking out more states are ramping up their efforts to remove former president trump from the ballot, that is a hot topic of the hour, coming up next you're watching the special edition of "mornings with maria" live on fox business. ♪ why choose a sleep number smart bed? because no two people sleep the same. only sleep number smart beds

[laughter] yvonne: don't confuse us with blackrock.they will have thought that in a few years time. that's more coming up, including market checks. this is bloomberg. ♪ rishaad: here we go. international holdings, the share price up, 9.2% to the upside, the company saying the indonesian tycoon, buy this company, it is it to shoemaker, vinda. yvonne: oh yeah, definitely a stable among the hong kong families. that was a hefty premium of 13%, that is why the stock is up. the text based very much on fire post fomc. the rally continues for the end of the trading week. alibaba up close to 4%. the risk assets are bid up as we count down to your holiday cheer. plenty more in the next hour of bloomberg markets: asia. stay with us. this is bloomberg. ♪ a few years ago, they told me there's no electricity on the island. we always thought that whatever we did here would be an emblem of what small communities can achieve. trying to give a better life to people that don't have the means to do it. si mi papá estuviera vivo, sé que él tuviera orgullos