always helping out on bloomberg radio and bloomberg television worldwide. what do you want? i've got enough bowties. just subscribe to bloomberg podcasts. that's the best thing you can do. the bowties that just go up up and away? they used to be like -- you know, two martinis. now it's more. paul: worth the investment, though. tom: we are going to spend some time here on the politics of the moment. doing so with a professor at the yale school of management in his book, picking presidents, alluding to the follow-up, kidding, ingest, picking billionaires. now on musk into 2025. professor, thank you so much for joining. one of your side notes, the tension within the trump administration, elbridge colby and the business types that need to do business in shanghai, musk, the tension is tangible. is that what we need to look forward to, a raging chinese debate at 1600 pennsylvania ave? gautam: it's hard to see how that won't happen. a big chunk of the trump administration has defined themselves around hostility towards china. hopefully, not armed. some of the major

we welcome all of you on bloomberg television. i hope the makeup is ok for bloomberg television. at is the way they roll over there. paul: alix steel says you have to invest in your face. tom: i completely missed that memo. we are on youtube. . this is "bloomberg surveillance." ♪ (cheerful music) (phone ringing) [narrator] not all multi-millionaires built their wealth the same way, you have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw [narrator] but many do have something in common. we all trust schwab with our wealth. [narrator] thanks to our award-winning service, low costs and transparent advice. every day, over a million multi-millionares trust schwab with more than two trillion dollars of their wealth. announcer: bloomberg radio, bloomberg television, this is a bloomberg business flash. lisa: i am lisa mateo alongside tom keene and paul sweeney with your opening bell report. how are the markets going to kick off the shortened trading week? we have more economic data. durable goods orders fell. the expectation was for a drop of .3% and nove

san francisco fed president mary daly spoke to bloomberg television earlier today to share her views. >> in the economy reigns in a good place, and the risks to the outlook are equally balance between a risk to inflation and a risk to employment. that is where we wanted our goals to be an adjusted policy when we had confidence in place and adjusted policy more to ensure we had a balanced labor market that continues. that's where we are. then the data on inflation have been coming in a little slower. i would not even say sticky or stall, the progress has just slowed relative to what we wanted. but that is a typical pattern. it's bumpy as you get from 2.5 to 2.8 to 2. scarlet: new flaking data showed prices rising slightly less than what economists forecast. bloomberg's michael mckee with us now. inflation front and center again. the november prints look like they improved. in terms of the levels, are they where they need to be? michael: they are not where they need to be yet, but they are getting closer. it is not a surprise because the economists were able to tackle it with this would

this is bloomberg. ♪ sonali: welcome back to our bloomberg television and radio audiences. ngside vonnie quinn. this is "bloomberg markets." trump proposed tariffs on foreign goods, including a 60% tariff on chinese goods the could take effect as soon as his first day in office. we spoke about the potential impact of those tariffs. >> there are obviously the risk of potential tariffs back and forth between the u.s. and china. the other concern is the domestic chinese economy and the slumber it appears to be in. from our analysis, the heavy weight of the housing sector that has been a driver of chinese growth for so many years appears to be weighing down the chinese economy. and the struggles the chinese economy is facing. something i am watching a lot is what the policymakers in china do and can they get the chinese economy on a stronger, sustainable growth path, the housing bubble does not seem like a long-term strategy. what is china's growth strategy? potential tariffs between the u.s. and china is something to pay close attention to but i think china's own domestic chall

matt: good new year's eve morning to everyone out there, the dozens of people watching bloomberg televisionn see us also on youtube. matt miller here was sonali basak and paul sweeney. we have merged shows. we are simulcasting with bloomberg intelligence. we are excited. we are having a little bit of fun. we are celebrating the end of the year. celebrating hong kong as well. look at those beautiful fireworks. bring them up. sonali: it is exciting, guys. matt: very cool. it is nighttime there, it is daytime here. it is magical. sonali: it is new year's somewhere. matt: for those of you believe in the roundness of the earth. we have markets that are not as exciting as fireworks, but we are climbing a bit. very little bit. the s&p 500 up .04%. the dow jones industrial average doing a little bit better, up 48 points. we are not seeing the fireworks in markets are we? sonali: you are seeing the nasdaq down on the day. though you are seeing the s&p 500 holding onto its gains, but barely. we have been keeping a close eye on that throughout the morning trade because last day of the year you would w

tomorrow bloomberg television will bring you live coverage of our inaugural women, money and power eventntial voices in finance from around the world to discuss the consequential themes facing the future of business. the opening trade coming up next, anna, kriti and guy taking you through the market open stay with us. this is bloomberg. ♪ ♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪ ♪ ♪ i don't think they have a choice because the u.s. and china have already started the race and you don't need to follow. >> what does it mean for individual countries within europe? >> you can have more control and less growth or less control and more growth. if countries trust each other more and more european champions, growth is going to be better. the welfare is going to be better but there is going to be less control at the national level. right now each european country wants to have its own companies and the question are you willing to surrender some of this control to european firms which are going to be more productive but you are going to have less control at the n

steph curry tonight on bloomberg television at 10:00 eastern. >> for us, this is our life's work.t over a decade into building this business. we think about this business for years and decades to come. we are excited about the next chapter where we partner with long-term investors. caroline: that was a ceo speaking with us earlier. someone who will be keeping a close eye on how those shares traded at the open and the long-term trajectory of the business, nina achadjian, index ventures. is this spelling the way of things to come in 2025? strong businesses will get a good exit? nina: thank you for having me. it is great to be here. we are excited to celebrate service tighten's ipo. -- service titan's ipo. we have a new administration going forward. may be some different regulation around ai. we hope this will be a tailwind for a great crop of other fantastic private companies to go public. caroline: take us back to the journey of how it started. what were the key learnings from making the first checked in to them and their trajectory? nina: when we make investments it is really all

meanwhile, today bloomberg television is having live conference of an inaugural women, money, and power to discuss the future of business. they have to talk ai and global finance. take a listen to the panel happening underway. >> when it comes to data-driven selection of customers, this is something that we leverage for all of the insights we can provide. insights about the market that buyers and sellers from different regions can benefit from. >> all of you have talked about this idea of assessing risks. as i was walking on stage heard, we worry about everything, the existential crisis of ai. whose values are encoded in these things. what are the risks of the scenarios you are describing? what are the risks of having your ai look at a contract and go, seems good? >> i don't know about risk, but it is being discussed a lot about, right? for me, there is a fact which apparently now is controversial, which is in a few years from now, 2050, ai will be the most intelligent being on the planet. >> keeping elon musk up at night? >> but by factor it is not even 10. we need think about it this

sonali: welcome back to bloomberg television. closed but we are watching certain companies. interesting things happening under the surface for them particularly starbucks. paper is to strike shutting down 170 cafes with the workers union saying it expects the number of stores to be impacted to hit 300 check we are joined by emily cohen of bloomberg news. it is interesting to see this happen and during the holiday season in particular. we know the workers and management have been having a lot of tension throughout the year but we are looking at a lot of new management. how you expect this strike to play out and the union relationship to be playing out? emily: five days ago, workers went on strike in three cities. since then strikes have escalated across the u.s.. the union has said its goal was to hit 300 cities but as of this morning that number was 170 seven does not seem like they are going to hit their goal especially it was 170 around 8:00 a.m. pacific time so after the country had experienced their morning coffee rush. i got

kailey: i would like to welcome our global bloomberg television and radio audience as i am joined inocratic senator amy klobuchar of minnesota. thank you for being here. you are leading a subcommittee hearing today titled continuing a bipartisan path forward for antitrust enforcement and reform. i wonder in what will become january a republican controlled congress, what that bipartisan path looks like? sen klobuchar: thanks for having me on. i think what you would in this area of antitrust you've seen some broad bipartisan agreement on a number of these cases. for instance, the google case started under the trump administration, the first trump administration as did the facebook case. google was at the justice department. then it proceeded through the biden administration. the biden administration also brought major cases against ticketmaster and other companies. you have seen a more aggressive antitrust enforcement over the last few years. now you have a new appointee and at least one of them is the belief that the justice department with some former democratic antitrust enforcer sa

this is bloomberg. >> welcome back to bloomberg television and radio. t special edition of bloomberg open interest and bloomberg intelligence. we have joined paul and his interactive brokers studio. i prefer the set up your tv studios are awesome. sonali: this set up with our music. paul: i know a guy. i will make a phone call. matt: i get to wear jeans is all i know. we are looking at a market that is tanking today. the s&p 500 is not doing as badly as it had been, but it is down 1.3%. down 540 points even without those stocks weighing on it. in terms of the nasdaq 100, that tech heavy index is down one half percent right now, so down across the board. as you pointed out, it is not because of high rates but it may be those high rates that attracted investors out of stocks because they are buying treasuries. sonali: finally. it has been a few days since we have seen that happen, but not only are you below that 6000 level on the s&p 500, you are also below 5900, so it is interesting to see how much ground we have given up. matt: above 450 on the 10 year.

this is bloomberg. ♪ sonali: welcome back to our bloomberg television and radio audiences. k and katie greifeld today. we are watching the moves happening in big tech, because under the biden administration, the world's biggest tech companies have been fighting regulatory battles including the antitrust front. privacy, national security, and competition. and can major tech firms spec anything different when it comes to president-elect trump's policies? lia, when you think about the changes ahead, there is some of this tone that we'll be tough on big tech. where will it exist and where won't it? >> the trump folks are definitely going to keep up with the pressure on and i trust f -- antitrust for big tech companies. the nominee to head of the justice department has long been a google critic and she has worked for a number of google critics. people expect her to keep up the pressure on google and continue with the path of the biden administration to look at a breakup of the company. at the ftc, andrew ferguson is trump's nominee. he is currently a commissioner and has taken a

we are bloomberg markets" live on television, radio, youtube and bloomberg originals.ar along with vonnie quinn. we are down across the board but off the worst levels. nasdaq 100 and s&p 500 showing declines. vonnie: the rally definitely fizzled. the s&p 500 is only down 1.6%. carol: perspective/not a terrible month when you think about it, the indexes of at 25% year-to-date? carol: same thing, nasdaq 100. two good years from both of them, we have seen similar performance. coming up, we will talk about the commodity complex. it is complex, if you will, some parts of their community universe are performing, some others not so much. vonnie: yes, look at natural gas today. who would've thought, the front month contract was up 20% at one point. we will speak with michael mcglone to talk about what is going on. carol: and is it a commodity, is that a currency? what the heck is it? bitcoin has had a bullish year. we will get thoughts on what comes next. vonnie: the index still about 108 on the dollar index. we'll go an outlook for global currencies. what happens to the other

no trading and therefore no bloomberg television on wednesday. this coverage from new york. certainly the labor market may not be out of the woods just yet. coming out tomorrow, we've got a lineup you will not want to miss. talking about the economy, talking about equities. lots to discuss here as we see equity futures currently indicating a mixed open. nasdaq futures higher but s&p futures lower. yields are moving higher right now and oil prices lower by 4/10 of 1%. and we are looking of course at the dollar right now. look at that. this is "bloomberg serveillanc " ." good morning, everyone. ♪ 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 t

>> we want to welcome in our bluebird television and radio audiences. you are watching "bloomberg markets.". we are looking at a volatile market. >> essentially the s&p has gone nowhere today but it is still above 6000. we got a little bit of economic data. claims arising to the highest in more than three years. initial jobless claims came in down 1000. i do not think there are many people trading. sonali: there are not many people around. we are looking at 1, 2, three more trading days in the year and not a lot to happen in between those days. if you stay above the 6000 level, you are looking at the biggest gains back to back. looking out of market that has not been this strong since the 1990's. ending on a strong note. vonnie: bitcoin down 2.5%, trading around $95,000 a coin. oil is below $70 a barrel. let's start with economic data. continuous jobless claims at the highest point in three years. initial jobless claims fell below estimates last week. joining us to discuss this is matthew, reporter from bloomberg news. it seems like the market recalibrated and then over recalibrat

this is bloomberg markets streaming live on radio and television.e first 15 minutes of trading, the s&p is off about .70%, the nasdaq off 250 points, and looking at the bond market, yields slightly higher, 10 year treasury 4.59 percent, and crude oil up about .20 5 -- 1.25%, $70.50 a barrel. there you go for the opening there. caroline: interestingly, the oil drift higher is helping the biggest point contributors, exxon mobil is up, chevron is up, the biggest drags, the entire magnificent seven, tesla and apple, and apple is what we would like to go to next because even though we have a points drag on the day, apple has had a nice year, and we have an outperform and a price target raised by none other than one of the biggest bulls in the street, dan ives raising that target to 3.25, and it is about the upgrade cycle that many think will happen, will apple intelligence get us there? how listen to it dan ives told annmarie hordern a little while ago. anne-marie: why are you lifting the price target now? you said, i have a call to make. dan: because th

and planning out the shows, they are truly responsible for the great stuff that you see on bloomberg televisionr. we appreciate that you tuned into us every single day of this year and 2024 and we hope that you come back and spend it with us in 2025. from all of us here, have a happy and healthy new year. ♪ ♪♪ ♪ three little birds ♪ ♪♪ ♪♪ ♪♪ >>

this morning bloomberg television has a sit down with janet yellen, do not miss this as she talks about have to say i expected the cpi report to change some of the assumptions and it did not. it came in in line and that does not change opinions. it raises the specter and i am curious your take on this. what do you think the fed will do when they talk about the lack of clarity into 2025? dani: this cpi figure made it easy for next week but not 2025. what we have heard from the fed is just giving themselves a lot of optionality saying that inflation is progressing how we want and we will have to see how restrictive we are. you are seeing a lot of language that gives them the ability to pause. it will be interesting to see what the dot plots look like if you have some committee members preparing for a world where tariffs and tax cuts mean they cannot continue to cut. annmarie: the green line set for the december meeting but for 2025 you might see a fed on pause, or if you do see tax cuts and tariffs become inflationary you go back to what we heard from the peterson institute for a month th

vonnie: you're watching is a special edition of "bloomberg markets" on bloomberg television and radiog with carol massar. we have 14 minutes -- 30 minutes and 14 seconds left in 20241 trading. we might make it5 into the green. the dialogue30-1630. let's look at the winners and losers of 2024. there were a few losers. bloomberg's is a bill lee joined us. let's look at the winners first. >> the biggest winner is something that we would expect. it pulled off a feat no other utility stock has managed since 2001, it was at the top of the leaderboard. i thought it would be a big tech stock. it is vistra, with a gain of 250 9%. the shares posted their best year in history. you would think why? stocks which are a defensive play, why see their biggest gain? it's because of utilities grew due to aia. vonnie: you say it's not a tax play but it really is, it is definitely tech-like. isabella: and second is nvidia. it gained 176% this year. its dominance has been unrivaled. yesterday it closed in of the acquisition with an eye. it's exciting what will be in store for 2025. gov. cuomo: it continues

. >> in michael mckee from bloomberg radio and television. even though you've cut rates by 100 basis points this year, we haven't seen much change in mortgages, auto loan rates, or credit card rates. you say you're significantly restrictive. are you running a risk that the markets are fighting against you and the economy could be more at a risk of a slowdown than you anticipate? so the the risks that you, sorry, the rates that you talked about are really longer run rates, and they're affected. they are affected to some extent by fed policy, but they're also affected by many other things, and longer rates have actually gone up quite a bit since september, as you well know, and those are the things that drive, for example, mortgage rates more than short term rates do, so. we look at that, but we look at all financial conditions and then we look at what's happening in the economy. so what we see happening in the economy again is, you know, most forecasters have been calling for a slowdown in growth for a your very long time and it keeps not happ

. >> michael mckee from bloomberg radio and television.ou have cut rates by 100 basis points this year, we have not see much change in mortgages, auto loan rates or credit card rates. you say that you are significantly restrictive. are you running a risk that the markets are fighting against you and the economy could be more at risk of a slow down then you anticipate? >> so the risks -- i'm sorry, the rates you talked about are really longer run rates and they are affected to some extent by fed policy but also by many other things. and longer rates have actually gone up quite a bit since september, as you well know. and those of the things that drive, for example, mortgage rates more than short-term rates do. so we look at that. we look at all financial conditions and we look at what is happening in the economy what we see happening in the economy again is, most forecasters have been calling for a slow down in growth for a very long time and it keeps not happening. so we are now well into another year of birth. it looks like it might be 2.

we've got a special edition of "bloomberg markets," simo casing on radio and television.00, off 29 points. not much movement on the index level. volumes are low, as we would expect. yields are higher off the highs of your treasury, crude is flat today, $70 per barrel. that seems to be the trading range on bitcoin. off, just below the 96,000. david: new home sales rebounded last month as builders and consumers sealed the deal's delayed by storms in the south and buyers took advantage of heavy sales incentives. here is what brown harris stevens had to say about the market. >> all real estate is local. depends on where you are, the demand. one example, something like palm beach, if you put something on the market there's a swarm of people who want to buy it, but that's more typically high-end and expensive. connecticut, there's no supply. when someone puts a home on the market, people are lining up to put a bid on the homes. after more supply, it comes down. once the buyers get into the market, you start to see fluid myths with supply and demand intersect, that's a healthy h

bloomberg. ♪ tom: welcome back. syrian televisioneporting the rebel group that toppled president bashar al-assad has begun forming a transitional government. it is led by mohammed al bashir ahead of a because i government set up in idlib set up in 2017 by the islamist group hts. let's get more from middle east anchor joumanna bercetche. what does this signal about the plans of this rebel group in terms of their control going forward of syria? joumanna: i would say it is the first case or incident of government formation they are trying to achieve out of syria here. the importance of mohammed al-bashir tells you they are trying to avoid a situation of complete chaos given the big vacuum the fall of bashar assad is leaving in syria. we know al bashir is a member of the major rebel group that made all these gains and were responsible for the fall of the assad regime in damascus. he previously headed up the government that had been set up in 2017 in idlib, that was a quasi-government not internationally recognized, it speaks to the littl

. >> michael mckee from bloomberg radio and television. even though you've cut rates by 100 basis points this year, we haven't seen much change in mortgages, auto loan rates or credit card rates. you say you're significantly restrictive. are you running a are risk that the markets are fighting against you and the economy could be more at risk of a slowdown than you anticipated? >> so the risks that you -- sorry, the rates that you talked about are really longer run rates, and they are affected to some text by fed if policy, but they're also affected by many other things, and locker rates have gone up quite a bit since september as you well know, and those are the things that drive, for example, mortgage rates more than short-term rates do. so we look at that. we look at all financial conditions, and then we look at what's happening in the economy. so what we see happening in the economy, again, is, you know, most forecasters have been calling for a slowdown in growth for a very long time, and it keeps not happening. so we're now well into