welcome to all of you worldwide on bloomberg television and bloomberg radio. e on the east coast, good morning in washington, up through 11.3 in boston. in my right, there are two trains? paul: there's a train going every hour, at least. tom: so you say. paul: take the next one. tom: it's a winter wonderland. cleared up in new york, it's important to have worse weather in milwaukee. all spring global investments, that's where winter is winter. i want to talk about the future of value investing. i know that all spring is venerable. i think of john kerry pioneer, or i mentioned john templeton earlier with his measurement on the growth fund years ago. what does the future of value investing look like for anime lety as you shift to the etf world? >> it's a great question, tom. thanks for having me on. merry christmas to you and paul. i think i like underdogs. not just the green bay packers. i also like small-cap and mid-cap. i think that when we look towards the future, that is where i see the most value. certainly those indexes have more financials in them, more,

this is "bloomberg surveillance" on bloomberg radio. tom: good morning. lisa in moments with the bloomberg business update. good morning around the world, important guests in this hour. i was going to do forget about it, iconic name in american retailing, nordstrom's, will finally go private. we welcome you on youtube. on your commute at home, bloomberg radio, good morning, and when you get to the office, youtube, work from home, cook from home, you watch us on youtube at home. paul: we will bring you all the market action. s&p futures off but the nasdaq is up. michael: dollar strength -- tom cole and dollar strength. euro-dollar. the real headline, market up 2.25% on the 10 year yield. where is the market right now? juul almost 7% -- paul: almost 7%. i cannot get out of my 3% mortgage and go get a new mortgage at 7%. tom: good morning to all of you. we do the bloomberg business flash from the interactive brokers studio. we thank them for that. lisa mateo, good morning. lisa: nasdaq futures little changed up about 12 points. dow futures down 210 points. s&

money reserve is one of the most dependable gold distributors in america. >> welcome to "bloomberg marketsu. s&p 500 up almost 2% on the day as we arrive at midday here in new york. looking at a reversal of the post-fed soft in stocks and bonds, triggered by the central bank's forecast for fewer cuts next year. even with this recovery in equities, still looking at a decline of more than 1% for the s&p 500 this week, down 1.2%.

welcome to balance of power on bloomberg tv and radio. on we finally received the text of a continuing resolution to keep the lights on for the federal government past friday. it is jampacked with other matters that have members of congress upset and we will get into the details with jack fitzpatrick of bloomberg government and our signature political paddle -- panel. and we are one hour from the final fed rate decision of the year and we will have more with the former chief economist for the national economic council in the first trump white house. let's check the fed day market. charlie pettit has a look. charlotte -- charlie: good day from new york

on rumors. that is your bloomberg brief. romaine: ask for that bloomberg brief. f you planned to go out on this new year's eve over there in london but there was interesting poll in the u.s. shown the majority of people just stay home. kriti: i think that is what i am going to do, me and my dog watching the fireworks on tv, that sounds like a dream. romaine: i am one of those people. we are going out but we are not going out tonight, we are going up in the afternoon and will be home well before the fireworks and all of the festivities start. but it gets to this idea of how much of this holiday is a revenue generator. i know there are a lot of folks in new york who want to go out and brave the elements to see the ball drop or duet between nightclub and restaurant if you will. there are some of the people who decide it is not worth it. romaine: absolutely -- kriti: absolutely. here i am learning about we are traditions europe has. i learned today that in germany they take little lead or wax figures and throw them in water and see what form they take and that is a fo

this is "real yield," on bloomberg tv.go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. dani: i am dani burger. you are watching "bloomberg real yield." coming up monday, s&p global pmi's and then on tuesday, we are going to get u.s. retail sales. wednesday, it is the big one. it is the fed's last rate decision of 2024. plus, earnings from micron and general mills. thursday, we will get u.s. gdp rate decisions from the boe and boj. and earnings from fedex and nike. friday, it is u.s. pc inflation data. -- u.s. pce inflation data. there is one day that matters. that's the big one. as to what we will get, all eyes on the dot plot, all eyes on the summary of economic projections.

it is among the most read stories on the bloomberg on this tuesday. d watching a special edition of bloomberg markets. this is bloomberg. ♪ vonnie: welcome back. i'm vonnie quinn along with carol massar. we want to talk next about the treasury and some security breaches that have happened that are concerning. america's debt levels poised to balloon, leading to a decrease of primary dealers. it has led to concerns about the potential for such breakdowns in the treasury market. joining us to discuss is michael mackenzie. several concerning headlines over the last few days. how can we be sure that the treasury, if it is not now, becomes impenetrable? he needs to be, right? michael: absolutely. u.s. whether it is exchanges or any kind of marketplace, they spend a lot of time and effort making sure they can be protected from hacking. i know covering equities more than 10 or 15 years ago, all the major exchanges were well on top of this. it was the only time they worked together. i am sure the treasury is on it. again, it is something i think every company h

join us on bloomberg open interest weekdays at 9 a.m. eastern only on bloomberg. banana room. da na na na na na ni na na na na na na. you na na na. losing the fear of looking foolish comes with age. who did you steal them from? losing your way in your own home. doesn't confusion with time and place. may be a sign of alzheimer's? are you okay? yeah. i'm fine. early detection gives you and your loved one. time to plan for the future. learn the warning signs of alzheimer's. good morning. this is bloomberg daybreak europe. i'm tom mackenzie in london. these are the stories that set your agenda. the french prime minister warns of a moment of truth with the government on the verge of collapse, the euro and french bonds sell off. fed governor christopher wallace says he's leaning towards a u.s. rate cut this month, with other officials making clear they expect more cuts next year. plus, a court again rejects elon musk's bumper pay package as tesla ceo. but over at spacex, a tender offer sees the startup's value rocket to. about $350 billion. happy tuesday! so despite the apparent imm

that is coming up next on "bloomberg surveillance." ♪ romaine: welcome back to "bloomberg surveillancetting up for what could be a third straight day of declines in the s&p 500, still sitting on your today and gains of more than 25%. euro-dollar right now relatively unchanged on the day. 10-year yield started to pick up speed, down about six basis points, below that 4.6 level. crude oil getting a modest bit on the day. the big story of the day has to be cryptocurrencies. bitcoin unchanged on the day, but earlier, it did make a run to around $100,000. a lot of people looking at these record-breaking rally is and wondering if it could cool significantly as investors assess the impact of a new administration coming in, one that has promised to be supportive of crypto. perianne boring is at the digital chamber, one of the main groups lobbying on behalf of the sector. she says with a new administration coming in, the more on crypto is coming over. this presents opportunities for crypto. perianne boring joins us now to talk about that. i am sure you have the criticism, nothing fundamental dr

with more on his story with bloomberg's natalie one.rcial real estate offices in particular. tell us about 2024, let's look back. john: looking back, it was a story of basically bifurcation. they were the haves and the have losses. midtown new york, there were some really winners like one vanderbilt, which got a new stake sold to a japanese company and valued the building at 4.7 billion dollars. other office buildings around the country were falling in value by 50%. vonnie: i love the way you say haves and have losses. why do people flock to a successful building like successful people? or are they genuinely better buildings? john: it's both, location, location, location is the key thing if you take one vanderbilt. it is right next to grand central. and then it is brand-new too. the ones that are losers if you look at the picture behind me, downtown l.a., it is not a very desirable place in the buildings are 20, 30, 40 years old and those are ones falling by value and half. vonnie: this at continue in 2025 that we continue to see prices

coming up on "bloomberg markets ," the u.s. government in danger of a shutdown. president-elect trump and elon musk throw congress into chaos. we will have more on this rapidly developing story. this is bloomberg. ♪ >> this is trump term 2. chaos. one hand not knowing what the other hand is doing. unfortunately we are starting early with it. we negotiated a good deal -- not a perfect deal but a good deal. we had it signed, sealed and almost a delivered. the republican side, they did not know what the other side was doing and it fell apart. if this government shuts down, it will be trump's opening gambit. scarlet: that was a democratic congressman speaking last night about the potential for a u.s. government shutdown which is seeming more and more likely. this morning president-elect trump reportedly told abc news the u.s. federal government will shut down if the debt ceiling is not eliminated or extended. kind of a crazy 24 hours. talk to us about what president-elect trump has said about the debt limit. initially i thought he wanted it raised while still on biden

one bloomberg story, a global supply chain freak out is underway right now. the question of what is going to happen. i think the biggest factor is the most obvious one, is th the antitrustat--is that the antitrust regime has complete the changed. lina khan being replaced by fellow commissioner andrew ferguson, somebody who has opposed many of her rulemaking aspects, and a lot of the deals that, for example, albertsons and croakers got blocked this month-- krogers got blocked this month, that might sail through just fine in the next administration. caroline: but then gail slater and the doj side of things, what are we anticipating for big tech being able to make m&a deals, being able to remain as they fully are formed, whether they have to be broken up? everyone is wondering about alphabet. michael: oh yes, tech is the wildcard here. certainly if you are, for example, an energy company looking to export more oil, natural gas, whatever, you're going to have a pretty clear path to do a lot of the things you want to do in terms of m&a. there is not going to be re

that does it for bloomberg markets. markets are down on day but a big fed decision out tomorrow. stick with us through the close. this is bloomberg. ♪ ♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪ ♪ ♪ >> from the world of politics to the world of business, this is "balance of power." live from washington, d.c. kailey: still waiting to see the government funding deal. welcome to "balance of power" on bloomberg tv and radio. i'm kailey leinz. the clock ticking loudly toward the deadline on midnight friday. we will go live to capitol hill in a few moments where republican congresswoman nicole malliotakis will be joining me. also on the hill, rfk junior, trump's nominee for health and human services. we will get into his prospects with our political panel and we will talk about his vaccines use specifically with dr. cantor of rutgers university. an important headlines coming out of israel and ukraine today. it is all had this hour but we begin with a check on the markets and charlie pellett has a look from new yo

also beating expectations on earnings. bloomberg technology. bloomberg technology. g your ai pilots is hard? think again. with watsonx, you can deploy ai across any environment. above the clouds and on lots of clouds. with your secured data on prem, in real time on center court and assisting bank tellers on the edge. watsonx helps you deploy ai wherever you need it. so you can take your business wherever it needs to go. ibm. let's create. get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo caroline: this is bloomberg technology and you are looking at a live shot of the principal room. check out the bloomberg technology podcast on the terminal, apple, spotify, and i heart. this is bloomberg. electronic signatures software company doc you signs third quarter numbers beat expectations. the company is boosting its revenue forecast for the full year up again at 25% on this company. let's talk about i

welcome to "balance of power" on bloomberg tv and radio.washington, where republican lawmakers are meeting this hour on potential plan c, multiple votes on a legislative package that failed on the house floor last night to shut down and kick the can down the road until march. we will have the latest with laura davis in this hour. plus i will be joined by former republican congressman and ways and means mitty chair kevin brady, as well as sarah chamberlain. our political panel, jeanne sheehan zaino and brittany martinez, are coming up as we digest everything that has happened on capitol hill the last several days. we begin with a check on the mar

you could find it on bloomberg terminal and on bloomberg.com.are talking more about energy, we will talk about natural gas supplies on the chopping block. what will happen, we will break that down next, this is bloomberg. 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. let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devi

this is bloomberg. ♪ ♪♪ ♪♪ the black friday sale is now on. l 1-800-sandals scarlet: we have some breaking news that just crossed the bloomberg terminal. it looks like president-elect donald trump has chosen paul atkins as chair of the securities and exchange commission, according to a post on truth social. paul atkins is a former commissioner of the sec, not the chair. he served as commissioner from 2002 to 2008. current share gary gensler plans to step down on generate 20, inauguration day. in the meantime i want to switch gears and look at the u.s. real-estate industry, because it is on a mission to redefine itself in 2025, according to our next guest. abigail doolittle has a special guest joining her. take it away. abigail: thanks so much, scarlet. joining me is liz hart, president of leasing for newmark. newmark is in a multitude of businesses in the real-estate space. your real house, leasing, but also advisory, capital management. in terms of the trillion and a half worth of debt coming due in cmbs, there was speculation a year ago that

welcome to balance of power on bloomberg tv and radio. i am kailey leinz.ou the latest from capitol hill. an important conversation with the incoming chairman of the house financial services committee. congressman french hill will be with me in just a few moments. as trump's health and human services nominee takes to they'll himself, -- the hill himself, rick davis and jeannie. antony blinken wrapping up his trip to the region and says the u.s. has made direct contact with a syrian rebel group in the aftermath of the downfall of bashar al-assad's regime. we will have more with the center for politics. there is a lot we have to bri

on track to meet its targets? here to give us an update is an analyst in bloomberg's europe energy transition team. things on course for europe? >> the ambition to be net zero for europe is there. members are saying the right things about targets for 2030 energy. in terms of reaching the zero, europe would need to have solar and wind capacity. that is more than double the capacity that will have been online by the end of this year. so our base case shows that we have only reached around 85% of the way to the target. so there is a gap. that means it will be harder for the european countries to reach their emission targets. tom: there is a gap. what does europe need to do to close that gap? >> in the near term the focus has to be on solar and wind capacity. the deployment of these capacities needs to double. looking at solar, that is doable . the solar industry has been going well. we had strong installations on the residential and utility side with cost declines. and we look at wind, it is more of a challenge. the policy needs to intervene there on permitting reforms so we can get online all of these

alix steel and i on "bloomberg intelligence," we try to stay on top of that commercial real estate businessariables there. that's coming up. this is bloomberg. ♪ to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. paul: all right, good morning here from new york city radio studio here in the bloomberg hq on the east side of manhattan. we've got a special edition of "bloomberg markets," simo casing on radio and television. how cool is that? s&p 500, 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 bui

for more on this we are joined by bloomberg intelligence in san francisco. set us up on what you expect out of the earnings. you've only seen a 60% jump in the share price this year, but when you look at that compared to nvidia, it pales. but is that mean that there is more upside or downside risk at the end of the day? >> we expect a very strong earnings spread. q4 should be robust given the seasonal ramp of the wireless segment. expecting a sequential rise, and also, people don't have this a lot, but the non-ai cyclical chip resistance. the two key factors that investors are going to focus on are going to be the one q guide. and the possibility of the company getting a full year fiscal revenue guide which would be pretty big if they do get that data point. sonali: talk a little bit about what they have been doing in terms of partnerships, because when you look at this apple news you saw a lot of exuberance behind it. do you think that it was justified, or do you think there's actually much more upside ahead? wondering if they were to give details on what t

this is real yield on bloomberg. sonali: i'm sonali basak and this is bloomberg real yield. time for the week ahead. monday european finance ministers kick off their meeting and tuesday earnings from tsmc and bloomberg's women, money, and power conference the big date for u.s. epi along with earnings and thursday u.s. ppi and a rate decision from the european central bank. friday is china's central economic conference and we will look forward to the cpi. bloomberg real yield same time same place. from new york, i am sonali basak this is bloomberg. 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

markets on bloombergdio. looking at the markets, s&p 500 off about 15 points a quarter of 1% the nasdaq up about 12 points, the nasdaq off 300 points and 7/10 of 1%. in the bond market a little tick higher in yields about four basis points on your tenure so we are seeing at a 4.56%. wti crude oil. i am an expert on the u.s. oil and gas industry. we are below $69 a barrel. still making money. they would like to between 60 and $90 per barrel. that's what's happening there. let's check in and see what's happening underneath the hood on these markets. alex joins us in our bloomberg studio paid what you looking at. alex: we know investors have been enamored with artificial intelligence stocks for the better part of the last two years but quantum computing emerging as the key thing to watch in 2025 as investors look for plays on the technology momentum outside of ai and semiconductors and some of the names in the space are doing exceptionally well even as the broader market slumps and looking at deep wave quant

leena nair, thank you so much for joining us here on bloomberg. leena: delighted to be here.rancine: what's it like being a chanel chief executive? leena: it is the best job in the world. it's creative, it's energetic, it's vibrant, the sector is doing well. it's a great place to be in. francine: so what kind of difference do you want to make at chanel? is it on the business, is it longevity, is it what it stands for, is it sustainability? leena: you know, i want to lead chanel into the future along with my team. and lead chanel into the future by protecting what's core to us, by protecting our differentiation, protecting what's unique about us. and by evolving as a scaled, iconic business and brand. it is always important to understand the context we operate in. the context we have externally is very, very dynamic. geopolitical uncertainties, macroeconomic challenges, inflation, complete fragmentation, media channels, ecosystems. i mean, winning hearts and minds of people is so difficult in today's day and age. so we see all of that externally. ai. i mean, there's not a week

and you can catch that full documentary on bloomberg.com and on the bloomberg originals youtube channeling to one of our top stories, jimmy carter has died at the average of 100 at his home in plains, georgia. his term in the white house was marked by achievements including brokering a peace accord between israel and egypt and economic turmoil at home. david westin takes a look back at his life. >> president carter came to office in the wake of watergate and vietnam with a commitment to right the ship of state. >> carter brought back to government honesty, integrity and faith in government. he ran as a candidate on a government as good as its people and he truly delivered that. >> i think carter in many ways was ahead of his time in terms of his emphasis, for example, on human rights, in terms of his thinking about alternative energy come in terms of his role in the middle east peace agreements that he put together, and we all know that his ex presidency, which has been a long one, has been graced by remarkable contributions to humanity. i think right now he is seen very favorably. i'm

thank you so much for joining -- for joining us on bloomberg. what is it like being a chanel chief executive? leena: it is the best job in the world, it is creative and vibrant in the sector is doing well. francine: what kind of difference do you want to make? is it on the business were longevity or what it stands for or sustainability? leena: i want to lead chanel into the future along with my team. and lead it by protecting what is good to us, protecting what is unique about us. and, by evolving as a scaled, iconic business imprint. it is important to understand the context. it is very dynamic with macroeconomic challenges, inflation, complete fragmentation, ecosystems and winning the hearts and minds of people. so we see all of that instantly. ai, there is not a week you do not hear about it. and internally it will be a phase of rapid growth. in the last 10 years, we have more than doubled our revenue. and more than doubled the people working for us and doubled the distribution presence and the number of countries that we have a presence in.

bloomberg. ♪ ♪ ♪♪ ♪♪ ♪♪ ♪♪ the black friday sale is now on.r call 1-800-sandals (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com scarlet: bloomberg markets this is bloomberg markets -- this is bloomberg markets. the french president emmanuel macron will address the public at 2:00 p.m. eastern time as he searches for a new prime minister. lawmakers passed a no-confidence motion against his last pm and his government. he resigned this morning. the far-right leaders marine le pen and her national rally party are set to benefit the most after teaming up with a left-wing coalition to topple the french government. francine lacqua sat down with marine le pen. she asked if getting france's deficit to 3% of gdp in 2029 is far-fetched? >> gettin

january 10 before a potential ban on january 19. bloomberg'sailey leinz joins us for more. this is all either to divest or be banned on january 19 but they managed to get the supreme court to hear the argument. kailey: since this law was first passed and signed into law by president biden has contended it violates the right to free speech embedded in the bill of rights and the u.s. constitution. that is the law with which tiktok is pursuing the appeal at the supreme court after having lost an appeal in the d.c. circuit federal court of appeals which voted 3-0 against the company's arguments saying that congress was well within its rights to put into place this band. we will see how this goes on january 10, just nine days before the ban is set to go into effect. the supreme court does have a conservative majority, three justices of which were appointed by president elect donald trump who earlier this week when asked about the tiktok ban said he has a warm place in his heart for tiktok, talking about how he does think it is a place to pick up mor

scott bessent makes the rounds eating with senators who will decide his fate on the same day bloomberging treasury secretary janet yellen. interesting to hear janet yellen weighing in on the issues we associate with scott sent. tariffs in the shadow fed. kailey: the shadow fed know how had has gone down in the court of public opinion. the current one does not seem to disag or to agree with the person who will succeed her presuming they can get confirmed. scott bessent is trying to lock in the confirmation with his visit to capitol hill and he is not the only one. we heard from the senate majority leader chuck schumer saying he plans to meet with howard lutnick today and that is not to mention the more controversial pix.

on u.s. stocks. stay with us. this is bloomberg. ♪ tom: welcome back. ad up to the end of the year with reflecting on some of the equity stories and how they have evolved in the last 12 months or so. the outperformance of u.s. stocks versus the rest of the world has been a key theme in 2024 and has been pronounced. you have to catch your eye back to 1996 to see the kind of outperformance when it comes to u.s. stocks versus the rest of the world, and it has been narrowly concentrated. some have flagged that is a risk and suggest there will be opportunities to rotate out of megacap tech names and broaden that out in 2025 is rates become lower. it remains a key question on whether the rest of the world can catch up. the ecb come to the rescue and will those rate cuts give european stocks some of the ballast that were missing. let's flip the board and have a look at some of the targets, we are analysts are most bullish and bearish. oppenheimer talking -- topping 7100 and terms of this targets looking with a lens on the s&p. when it comes to the most bearish,

lars, thank you so much for being on bloomberg with us. lars: francine, thanks for having me. francine: after decades of research, basically, novo finds a molecule that changes everything, in terms of weight loss drugs. were you taken by surprise at the appetite, actually, for these drugs and how mainstream they are? lars: yeah, i would actually say there are many surprises when you get a product like that. it starts with surprises in the innovation, because there are many shots being made on goal, and most fail. and the winner is often the one that surprises people the most. francine: so, why do you think this, i guess, surprise or success was unexpected? did it capture something in society that you were not ready for? lars: i think we have seen, first, many decades of our company was focused on type 1 diabetes. then, because of lifestyle changes, perhaps genetics, there was an increase in type 2 diabetes. and -- but for many years, type 2 diabetes was not intensively treated. then there was a so-called ukpds study that really showed you really need to treat type 2 diabetes t

that is coming up next right here on "bloomberg serveillanc " jericho -- bloomberg surveillance." . a custom assistant, built on watsonx with ibm's granite models, can leverage your trusted data, be easily trained on your workflows and integrate with your apps. it can be tuned to do just what you need. because the more ai knows about your world the more it can help you do. ibm. let's create. ♪ annmarie: good morning and welcome "bloomberg serveillanc " ." we did get initial jobless claims come through, softer than with the market was expecting. we are in the red, s&p 500 futures down nearly 4/10 of 1% this morning. yields, that is where the action is this morning, climbing on the 10 year up more than four basis points. 4.60%. turning now to the housing market, chen south noting the fed's less dovish stance noting "this hawkish stance from the fed will keep mortgage rates high until there is data showing a weaker economy for the incoming administration dials back their plans for policy changes especially on tariffs." when you look at the mortgage rates, they are basically the same f

that is coming up next on "bloomberg serveillance." ♪ the best ai assistant isn't one that knows theistant, built on watsonx with ibm's granite models, can leverage your trusted data, be easily trained on your workflows and integrate with your apps. it can be tuned to do just what you need. because the more ai knows about your world the more it can help you do. ibm. let's create. so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. ♪ >> markets just about range bound ahead of the open as we parse through geopolitics as well as potential for an upside surprise on inflation coming out wed

a big question ahead of that meeting but right here on bloomberg tv, stick with this because at 9:30 ing an exclusive interview with the ceo of audemars piguet on the outlook for the luxury watch market. tomorrow bloomberg television will bring you live coverage of our inaugural women, money and power event convening the most influential 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. r

we are waiting on the opening trade. this is "bloombergogy." ♪ caroline: this is "bloomberg technology" and you are looking at a live shot of the principal room. steph curry tonight on bloomberg television at 10:00 eastern. >> for us, this is our life's work. i have put 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 compan

on. tom: brian moynihan speaking to bloomberg. xed income fund manager at invesco's view on where to be positioned above cause, stay with us. this is bloomberg. ♪ tom: welcome back. the fed's policy decision with the central bank cutting and outlook as donald trump heads for the white house. i'm joined by alexandra. looking into 2025, what is -- what is your expectation? guest: probably dial back. three makes sense. market will be to hawkish but fed has tendency to surprise to be bullish my expectation is they will recalibrate the final. and taking out a few cuts from the dot plots next year just one makes sense. tom: ok. there is some -- there is some uncertainty. do -- do the projections hold up given uncertainty? alexandra: i tell clients given the range upside and downside uncertainty is very high and we ought to be humble because as you have seen we have ping-pong and then putting that back in in terms of what this means, very uncertain, but not bad for investors. we have been active coming into elections quite light on durati

bloomberg's kriti gupta on the ground at that event. tuned for those key interviews across programming today. putting more coming up. this is bloomberg. ♪ tom: let's check in on the equity performance in china. some gains have been pared, some profit-taking maybe, expectation from investors that they want to see this new policy implemented. make no doubt, the language from the politburo is the most substantial we have seen, in terms of the shift in language and emphasis for years arguably since the 2008-2009 great financial crisis. the big question is if they match that rhetoric shift with concrete policy and implement next year? if they do, it will be significant. do they expand the deficit, the debt to gdp target from 3% that has been set all the way back to the 1990's to 4%? that could be consequential. economists think that will happen next year. the focus on moderately loose strategy for monetary policy, proactive fiscal and here is what is important, forcefully lifting consumption. just moderate and focused in on that. as those ga

coming up on the program, the outlook for the oil market in 2025. you are watching "bloombergnce" on this merry christmas week. good morning. ♪ ♪ ♪ ♪ something has changed within me ♪ ♪ it's time to try defying gravity ♪ ♪ ♪ >> welcome to "bloomberg surveillance." the final week of 2024. this is just that purgatory, christmas week, new year's week. if you are in the office, thank you for turning in. s&p 500 futures are lower. last week it closed in the red for the week. might get another down week. scarlett: doesn't change the fact it's up 25% this year. anyone who is long equities this year is pretty happy. annmarie: we avoided a government shutdown. we were on the brink of that shutdown, federal government agencies actually preparing what would need to be done if they were going to be shut down. u.s. 10 year yields, 4.53. we do have at 1:00 p.m., a two-year bond option. scarlett: there's also three-month and six-month at 10:00 a.m. this morning. a lot of talk in the past couple of weeks about what and how far the 10 year yield could go up. 6%, seems a little high, it is out

to follow the latest up dates visit t live go on the bloomberg terminal.is bloomberg. ♪ 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. announcer: from the world of politics to the world of business, this is "balance of power." live from washington, d.c. joe: washington is reminded of a dangerous world. welcome to the fastest show in politics. as the president of south korea declares martial law today president bide

on the last story. the news that mondelez is looking to buy hershey. bloomberg helped to break the news all weekend. crystal, fantastic scoop. what do we know here? it is a deal that has been considered in the past. >> it was considered in 2016 and one of those deals that is an evergreen idea. this -- what we know is that mondelez has preliminary approach to hershey. it would be a very, very big transaction, combining capri and kitkat. it is a deal that comes with a lot of hurdles, markets, price, investor sentiment, regulation. matt: we have seen the run-up in prices is no headline, but it is happening just like it has for other consumer goods. the value of hershey when mondelez considered it in 2016 was more than $20 billion. the company was trading at the friday close for $35 billion. it is going to cost hershey has almost twice as much as it would have been then. do we know what premium they put on the deal? crystal: we don't have much color on price yet, but i would look at it this way -- if you look at the price compared to 2016, is one of a lot. 52-week high because of coco prices has come dow

on all of this. that is bloomberg's emily cohen. joining us to discuss this is michelle buck iraq, founder and ceo of find mine. i have to ask you to start with, how do you know me so well? i hold off on clicking if i can onto things and i try to be good about not accepting extra cookies and yet i seem to be targeted with the exact style i would go and pick. what are you doing to have that happen? >> clearly you and i are being targeted the same because i got the memo with red today. retailers and brands are trying to provide better customer service. what fine mind does is elevate your sensibility. if you think about all the people doing last-minute christmas shopping, they might be walking by a beautiful window display that is curated and inspirational. it is hard to do that on line to our ai trains on what the editorial brand point of view is so we can deeply understand how that brand wants to elevate your sense of style and we can do that at scale by showing how every individual product how to where it should how to wear it in al

on raising rates next month. we have more ahead at the top of the hour. this is bloomberg. emma: i don't want my daughters wasting time thinking about how much they weigh, what they look like. and i think that fashion has done a terrible job of reinforcing a really unrealistic beauty idea. francine: the entrepreneur who is driving a multibillion-dollar retail empire while trying to redefine the world of fashion. british businesswoman emma grede has partnered with one of the most famous families in hollywood. she is chief executive and cofounder of the inclusive fashion brand “good american,” which she launched in 2016 with khloe kardashian. she is also the founding partner of shapewear label “skims,” alongside khloe's sister, kim. emma: as a young, black female entrepreneur, the only thing that i could do was what i knew from my experience, and the honest truth is i did not set out to create a company that was deeply rooted in the principles of inclusivity and diversity. i set out to make a company that was right for me. francine: in this episode of "leaders with lacqua," i

emma grede, thank you so much for joining us on bloomberg. emma: thank you so much for having me.e: this is so exciting. i mean, you represent so much for so many people. everything you touch, all the businesses you touch turn into gold. did you ever think that you would be such a success? emma: no. and that is mostly because most of the businesses that i touched early in the days didn't turn to gold. [laughter] i love this idea of like, overnight success and i feel i would love to continue to perpetuate that myth, but i have just done a lot, and there has been a lot of trial and error along the way. and i feel like i have probably done every job imaginable, from having a paper route when i was 12, to working in a deli, to working in shops, to starting things that were less successful, to starting things that had medium success. i feel like there has been a long journey and i am really thankful that now i am 41 years old and i am starting to see this type of success, which is really great. francine: you were always starting the journey, you always wanted to succeed. is that what a

on e.m. this is bloomberg. ♪ ♪ >> welcome back. g to the federal reserve as they switch to fading their cuts. now they have two cuts in here is the picture, two cuts priced in, one in 2027, rates at 3%. they don't get to 2% until 2027. let's look at markets, off balance from estimates and now front running the fed, fully pricing in 30 basis points, a little over one cut between now and next year, markets going too far in the other direction. let's look at emerging markets. indian ruby falling, idiosyncratic stories, 10% challenge, watering down austerity proposals, brazilian assets were the worst hit by the fawkish hawkish fed. keep your eyes on the bloodletting. later today speaking with u.s. secretary of state antony blinken. a crucial conversation. this is bloomberg. ♪ ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >> good morning, i'm in a edwards,