North Korea Continues Missile Tests, Prompting Alerts
North Korea has fired at least three ballistic missiles today with one prompting an alert in Japan. Sangmi Cha reports on Bloomberg Television.
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ECB's Lagarde Says Recession Alone Won't Tame Inflation
European Central Bank President Christine Lagarde says a recession by itself will not be "sufficient to tame inflation" in the eurozone and addresses concerns about potential spillover effects from the Federal Reserve's monetary policy. Lagarde spoke Thursday at a conference in Riga, Latvia.
Surveillance Market Movers: Peloton, Under Armour
Peloton Interactive, Under Amour and Marriott. Lisa Abramowicz with the top moving stocks this morning on Bloomberg Surveillance.
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US ISM Index Drops to 54.4 in October
US service providers expanded in October at the slowest pace since May 2020 as orders growth and business activity moderated. The Institute for Supply Management's gauge of services retreated to 54.4 last month from 56.7 in September, according to data released Thursday. Bloomberg's Michael McKee reports.
What’s Troubling Gold?
Gold is considered a “safe haven” — so why is the precious metal struggling to gain momentum amid the current market turbulence? The reality is that gold’s safe-haven characteristics only come to fore under very specific market conditions. Here’s why gold is failing to launch in the current high inflation, high interest rate era. Presented by
UK Faces 500,000 Job Losses as BOE Fights Inflation
The Bank of England pushed through its biggest interest rate increase in 33 years on Thursday and estimated that unemployment may rise to just above 5% as the prospect of a soft landing recedes. Lizzy Burden reports on Bloomberg Television.
US Oct. Jobs Report: 261,000 Jobs Added, Unemployment at 3.7%
US payrolls rose more than expected with a gain of 261,000 in October, while the unemployment rate ticked up to 3.7%. Bloomberg's Michael McKee has the numbers on "Bloomberg Surveillance."
Jobs Report a Challenge for Fed: BlackRock's Rosenberg
The US employment report validates that the economy is "very, very slowly starting to show some effects" of a slowdown, Jeffrey Rosenberg, portfolio manager of BlackRock's Systematic Multi-Strategy Fund, says during an interview on "Bloomberg Surveillance." US payrolls rose more than expected with a gain of 261,000 in October, while the unemployment rate ticked up to 3.7%.
Walsh Says Congress Could Step in If No Rail Worker Deal Is Reached
US Labor Secretary Marty Walsh says he's not involved in negotiations, but he is talking to railroad companies and union workers about reaching a new deal to avoid a strike. He says two unions did not ratify the latest contract that was offered. Unions could go on strike if no deal is reached by November 19. Walsh speaks to with Bloomberg's Jonathan Ferro on "Bloomberg The Open."
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Bonds Most Attractive in Over a Decade: Vanguard's Davis
High-quality munis and Treasuries are actually starting to look very compelling here," Joe Davis, Vanguard's global chief economist and head of investment strategy, says during an interview on "Bloomberg Markets: The Close."
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Markets Deliberate Mixed Jobs Data
October’s jobs data offered a mixed picture, indicating strong hiring but a moderation in the pace of wage increases. Markets have been anxiously awaiting a letup in the persistently tight labor market, hoping signs of relief might persuade the Fed to relax its anti-inflation campaign. How are markets responding to the latest jobs data? Presented by
Meta to Start Laying Off Thousands of Staff, WSJ Says
Meta Platforms Inc, the parent of Facebook and Instagram, plans to begin laying off thousands of workers, according to the Wall Street Journal. Su Keenan on reports on Bloomberg Television.
Twitter Asks Some Fired Workers to Return, Delays Change to Badges
Twitter Inc. is now asking dozens of employees who were laid off last week to return. Meanwhile, the social-media company is delaying the rollout of verification check marks for members of its monthly subscription service until after the US midterm elections, according to people familiar with the matter. Su Keenan reports on Bloomberg Television.
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China to Stick With Covid Controls
China says it will “unswervingly” adhere to its current Covid controls as the country faces increasingly serous outbreaks. Stephen Engle reports on Bloomberg Television.
IMF MD Kristalina Georgieva Says Global Inflation May Be Nearing Its Peak
The global surge in consumer prices may be close to the high point of the current cycle, says International Monetary Fund Managing Director Kristalina Georgieva. "I'm not going to jump ahead of data, but it is very possible that we are peaking," Georgieva said in an interview on "Bloomberg Markets: European Open" on the sidelines of the UN's annual climate change summit in the Egyptian resort of Sharm el-Sheikh.
World on 'Highway to Climate Hell': UN Secretary General
UN Secretary General António Guterres emphasizes the global urgency in fighting climate change by stating, "we are on a highway to climate hell with our foot still on the accelerator." He spoke Monday at the COP27 summit in Egypt.
Russia-Ukraine Grain Deal Uncertainty Roils Markets
The Black Sea grain deal is driving massive grain-market volatility. Before Russia’s invasion of Ukraine, the two countries represented almost a quarter of global grain exports. Shipments of those crops came to a halt for nearly six months – until a UN-brokered deal was signed in July. What is the current state of the fragile agreement, and how will futures markets be impacted in the near-term? Presented by
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GOP Midterm Win to Spur Bonds: Morgan Stanley's Wilson
"If we don't get rates to come down the rally is over," Morgan Stanley Chief US Equity Strategist Mike Wilson says during an interview on "Bloomberg The Open."
Big Banks Get US Nod for Some Russian Ties
The US Treasury and State Departments have urged banking giants including JPMorgan and Citigroup to keep doing business with certain strategic Russian firms, according to people familiar with the situation, even as some lawmakers are demanding stronger sanctions against Russia over the war in Ukraine. Jenny Surane reports on Bloomberg Television.
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Elon Musk Tells Twitter Followers to Vote for a GOP Congress
Elon Musk, who now owns Twitter Inc., told his audience of more than 100 million followers on the social-media platform to vote for Republicans. Courtney Rozen reports on Bloomberg Television.
Trump Says He Will Make 'Big Announcement' on Nov. 15
Former President Donald Trump, speaking on the eve of US midterm elections at a rally ostensibly for Republican US Senate candidate JD Vance in Dayton, Ohio, said will be be making a "very big announcement" next week. (Excerpt)
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