still have a ways to go before we getting that back putting up the biggest gains, the mag seven rally and 1.25% in the 10 year yield unchanged, but over 4%. still making the valuations look less frothy. brent crude down 5%. it eclipsed $80 a barrel and now it is trading at 7695. in terms of mid-day movers on the equity side, abigail do letter -- doolittle joins us with a look under the hood. robinhood up 7.1% of the highest level since 2021 after the company announced their first investor day. shareholders, analysts, and investors are excited about this possibility december 4 up 7.1 percent. lots of different technology names higher. seems to be an overall sentiment. there are idiosyncratic reasons.

doc you sign added to the s&p 400 mid-cap index we had palo alto networks up by .3%. the street has put out positive notes recently. nvidia up for fifth day and look at apple after falling more than 2% yesterday today bouncing back one point 4%. of course we are tracking hurricane milton. we go to the bloomberg and use the hurr go function. it could move right through the i-4 area and unfortunately, sadly, tragically create quite a bit of devastation in the area. he estimates the insurance costs could be close to hurricane ian, $65 billion. it was downgraded to a category four from five. today we have gains. stocks are bouncing back.

matt: thank you abigail doolittle talking to us about individual stocks moving the market today. let's get exclusive conversations with jamie dimon sharing thoughts on the recent market momentum. he spoke with bloomberg rates host lisa abramowicz. >> a soft landing so hard. i hope it happens but i would not count my edits for that one. the markets, values are high, not low, both equities and bonds. credit spreads are very low. they are open but not open for ipos. the largest of the year, last week, they are open for those the markets wants to buy today. don't assume they aren't open. sometimes people go public and don't like the price. that's different. you think you know a company is

worth more than the market might know. lisa: you said there are a lot of inflationary things coming down the pike. was it a mistake for the fed to cut by 50 basis points? jamie: no. separate the here and now. inflation is definitely coming down. they don't want to go into a recession. unemployment is going up. they raised rates rapidly to 5%. they are right to take the foot off the gas. i do not think it matters much 15, 25, honestly, but it's ok. if inflation comes back i am looking at different things. in the u.s. the green economy is inflationary, democratics -- demographics is inflationary. energy prices two or three years down the road will be inflationary. they will hit later. and they should react at that time to those things.

but we don't know that that will happen. matt: thank you for bringing us thank you for bringing us that exclusive interview with jamie dimon here for more, we are joined by bloomberg's intelligence senior bank analyst allison williams bloomberg's

intelligence senior bank analyst allison williams. allison, we got a lot. i think the fed said something about. need more public figures on the cabinet. he is always very interesting to listen to. but, really, geopolitically important to think about it the things that has made in terms of

management. there are comments he makes with regards to interest rates. today he was talking about deficits and the impact on inflation. he is thinking abouthe is think, thinking long-term and matching to a variety of risk downside and upside. matt: somehow, they got into artificial intelligence straightaway. i guess because there is a technology conference in london. do you know exactly what that means? if these are individual robots or programs? certainly they are not 1000 large language models because that would cost a trillion dollars. what do you think he is using artificial intelligence for? risk management or day-to-day operations? allison: probably both. it would be interesting to know how he defined his employees. if there are a lot of definitions and ways to look at things.

areare the employees working on dedicated projects? are these employees? helping to train the language models.

helping to train the language models. helping to train the language models. hedging is one. talked abouthelping to train the models. hedging is one. talked about that jp morgan is using ir effectively. -- ai effectively. banks have embraced abanks havef different technologies over the years. it starts in the back office, in risk management, thinking how they can move that towards the front office and how they can think about not just generating revenue. how they can think about not just generating revenue. matt: you have explain something to me that i have gotten wrong all morning long. [laughter] i was thinking about ai employees. thank god we had this conversation before i embarrassed myself on live television. allison williams, thank you for joining us. in about an hour from now general motors plans to unveil a new battery strategy. we will talk about that next.

something i feel more comfortable with. this is bloomberg.

matt: it's bloomberg markets. i'm matt miller. just at that hour. general motors is set to unveil details of a new ev battery strategy hoping a new tesla executive can help the company in a different direction. david welch is live from detroit. how important is this? is it life or death in terms of the future of a carmaker if we are going to go all ev anyway?

david: they will have to make changes here. every company is as they look at their battery strategy going forward. batteries are the most expensive part of and ev. it is what makes them lose money right now and put them out of reach for a lot of consumers. because they looked at this same, the idea of one battery fits all, the modular battery using pouch cells, it worked to get a lot of vehicles out quickly and now they are realizing there are other ways to get cost out, fitting more cells in one pack without the modules, perhaps, using prismatic cells because you can fit more in a pack. anything to get more so in a pack unless other stuff so batteries are lighter and cheaper and over time you get the cost of the electric vehicle down. the company can make money on them and consumers may be able to afford them more readily. david: --matt: what has gm done

differently from competitors? when i look at the stock price of general motors versus ford, stellantis, bmw, mercedes-benz, general motors has outperformed all them. i guess you could say i am cherry picking my time period, but everybody else seems to have taken huge earning hits will be warning on profit certainly ford and mercedes-benz. how come gm avoided that? david: while gm's ev business first half of the year stumbled and they worked to get through production issues investors lost interest in that. in a way it was a lucky time to be structuring -- struggling with that because the core gm business has done very well. aiding incentives and rebates. they have had to do a little bit of that but less than the market . the company has been a profit machine. they have been able to buy back $21 billion of shares over the

past three years. it's a lot of money. the core business is throwing off tons of cash. they aren't having sales issues like stellantis has more jeep is -- where jeep is struggling. and ram. their core products. quality issues that have hurt the bottom line because they had warned the cost. gm doesn't have those. the core business is coming for them. that is what has their stock price up better than most of their peers. that is not to say investors love auto stocks these days. but in a sector that is not at the moment below, gm has done well. matt: it's a bit unfair to refer to david simply as a reporter because he's the detroit bureau chief and the author of "charging ahead: gm, mary barra, and the rebuilding of an american icon." we are joined by the ceo of ev go one of the major companies behind in the

u.s. charging network working very closely with general motors. what are some improvements that need to be made to the charging network? how close are we to getting one that is much more user-friendly? >> thank you for having me. in terms of the charging network there are a couple things we have to think about. one, we need a much larger network. we need to increase the scale of deployment. the initial commitment to for a $1.05 billion loan we announced/three cups of the achieve that goal and secondly, ensuring the quality of the network is getting better and better is a major priority for us. we announced a new flagship partnership with gm. we have been in partnership with them for several years now. we announced a new program to build flagship stores.

these are larger sites with store walls, canopies, pull-through access, security and lighting, taking the customer experience to a new place. matt: people have wondered why we don't see more saturation. i asked the ceo of bp, why don't you put a charger at every gas station? is does not work like that is what he told me. now that we have big spending with uncle sam behind us can we start to grow the ev footprint? how quickly? badar: we absolutely can. americans are buying more battery electric vehicles every year. today we have about 4 billion. most people expect to it take -- expected at 30 million vehicles by 2030 and didn't do that we need to build out the charging infrastructure. if we focus on fast charging in urban locations that are convenient to people that perhaps don't have charging at

home, so they are going about their lives, running their average, they need to rely on public charging. there are around 45,000-50,000 public fast charging plugs in the united states. we need to get that to around 250,000 to support 30 million battery electric vehicles by 2030. matt: how quickly do you think charging will become as simple and commonplace as filling a car with gas? i test new cards every week. i have a lot of fun driving evs. they are very quick and a lot of times very luxurious and economical, obviously. the one pain point is unless you charge it at your house overnight filling it up with juice. when will we get to a time where it is just as fast as filling up by dodge challenger? badar: a couple things.

we are deploying three love -- three capable of charging a battery electric vehicle in 20 minutes or less depending on the battery and vehicle. that's important. it's faster than tesla. their supercharger network is at 250 kilowatts. an important pain point for customers is the payment process. we have something called auto charge plus. it takes the experience to the next level. we bring all of our experience with over a million customers with one of the largest networks in the united states to create a completely new experience.

when a human machine interface design, criteria, just to develop we are quite excited by that. matt: for a long time, the tesla supercharger, access to the network was a selling point for the vehicle. do you expect your technology to be a selling point for a general motors vehicle? if i don't have to fuss with a credit card or signing into a nap -- and app. playing was a touchpad on a charger that inevitably is not working anyway? badar: that's right. the customer experience is absolutely paramount. getting to next-generation charging. when you get to a charging station you have to wait. two is building charge.

thirdly, the charging experience works on the first go. this is not a gas station. where you are conducting a physical pump. there is hardware and software between the conductor in the core that needs to connect. together. that is why we have a lab in california where we tested the interoperability from hardware and software perspective. matt: fascinating. thank you badar khan the ceo of evgo. roblox next. this is bloomberg

matt: shares of roblox today

tumbling after hindenberg research said roblox inflated key metrics. we are bringing in bailey lipschultz. the comment from hindenburg is that roblox is a pdf file hellscape. two what are they referring to? bailey: earlier this year bloomberg big take had a discussion about pedophiles having access to the videogame platform to potentially target young children and exchange of videos, film, different things on the platform. this has been long discussed by

hindenburg and barricade that has run a number of reports going back to 2022. what stood out from the hindenburg applications is roblox denying all of this. they say roblox has two sets of books for counting users, one for internal business decisions and one for the finance team reporting metrics to investors alleging roblox's double counting bots or individual accounts at times. matt: essentially they are alleging fraud. what has roblox set in response? bailey: they said they totally reject the claims. kind of laying out what is being traded back and forth.

hindenburg has had successful short bets against adani, block as well. most recently super micro computer's. one of the most well-known is not sought-after short names now. matt: hindenburg has a pretty good record. people pumping long positions. it is the nature of our culture. how do you expect hindenburg to go forward? do they typically publish and sell straight after? do we know how long they hold short positions?

bailey: anderson has been known to be coy with some of his positions. is it outright short? are you buying short data puts to generate a quick profit going back to some of the sec issues with andrew left and others? it does not imply an extended period of time. look at ability to drive price movements. stocks down 3% at one point. the selling pressure maybe not it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people.

>> from the world of politics to the world of business, this is

balance of power. live from washington, d.c.. joe: a once in a century storm. hurricane milton bears down on florida posing what could be the first direct hit on the tampa bay area since 1921. i am joe mathieu alongside kailey leinz in washington. welcome to the tuesday edition of balance of power on bloomberg tv and radio. the timing is awful. 12 days after helene the storm bringing huge challenges to emergency responders and complications to the presidential campaign. kailey: kailey the president don't -- the political situation is secondary to attempt to preserve life in