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Meta Cuts Metaverse Unit Budget 30% | Open Interest 12/4/2025
1:27:07
Bloomberg Television
Meta Cuts Metaverse Unit Budget 30% | Open Interest 12/4/2025
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Dollar General pops on stronger guidance as deal-hungry shoppers pile in. We'll take a deep dive on bargain-focused retailers. Meta is preparing deep cuts to its metaverse ambitions as Mark Zuckerberg weighs budget reductions of up to 30%. Plus, Rebecca Patterson of CFR joins Bloomberg Open Interest to talk about why she thinks bitcoin contagion risk is alive and well. CORRECT: This video has been edited to correct a graphic to reflect that Meta plans to cut up to 30% of its metaverse efforts. The anchor misstates this information at :50, 1:15 and corrects herself at 20:00. Chapters: 00:00:00 - Open Interest 00:01:38 - Meta to Cut Up to 30% of Metaverse Budget 00:05:17 - Snowflake Gives Weak Profit Margin Outlook 00:10:44 - Dollar General Hike Outlook on Strained Consumer 00:13:03 - High Interest |Merz Pension Vote, Paramount, Pimco 00:14:52 - Kate McShane Goldman Sachs | Discount Stores Capitalize on Strained Consumer 00:23:09 - Stock to Watch | Meta Platforms, Dollar General 00:24:13 - Rebecca Patterson, Council on Foreign Relations | Jobless Claims Lowest in 3 Years 00:33:34 - Top Calls |Toast, Paypal, Salesforce 00:35:18 - Alphabet AI Chips a Potential $900B "Secret Sauce" 00:40:04 - Netflix in Lead for Warner Bros. Bid: Report 00:44:25 - Morgan Stanley Sounds Out Investors on Data Center SRT 00:46:48 - Lauren Goodwin New York Life Investments | Quality, Diversification Important in 2026 00:58:05 - Big Take | Tired Americans are Spending More to Avoid Doing Chores 01:05:58 - Xiaodi Hou Bot Auto | Achieves Humanness Trucking Operations 01:14:41 - Market Doubts Hassett Can Deliver at Fed 01:17:49 - Cayla Seder State Street | Inflation Exceptions Have Been Muted -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Dec 4, 2025
Stocks Waver as Traders Await Fed | Bloomberg Businessweek Daily 12/4/2025
48:53
Bloomberg Television
Stocks Waver as Traders Await Fed | Bloomberg Businessweek Daily 12/4/2025
On today's episode of Bloomberg Businessweek Daily, Carol Massar and Alexis Christoforous discuss today's market action as stocks waver near record highs and bonds decline ahead of next week's Fed decision. Bloomberg's Stuart Paul and Ira Jersey join the show to break it down. Plus, Compass Pathways CEO Kabir Nath talks possible FDA approval for the company's psilocybin depression drug and the path to commercial viability, and Weill Cornell Medicine Women's Heart Program Director Dr. Nupoor Narula examines the underpinnings of heart failure in young women and improving detection of aortic aneurysms. Chapters: 00:00:00 - Bloomberg Businessweek Daily Starts 00:04:38 - Stuart Paul on Jobless Claims Falling to Three-Year Low Over Thanksgiving Ahead of December Fed Meeting 00:10:16 - Ira Jersey Talks Treasuries Falling as Claims Data Bucks Case for Fed Rate Cuts, Expectations for a Hassett Fed 00:15:39 - Kurt Wagner Breaks Down Mark Zuckerberg Cutting Metaverse Group’s Budget Up to Thirty Percent 00:21:17 - Compass Pathways CEO Kabir Nath Talks Eyeing Psilocybin Depression Drug FDA Approval, Demonstrating Commercial Viability 00:34:46 - Weill Cornell Medicine’s Dr. Nupoor Narula Examines Underpinnings of Heart Failure in Young Women, Improving Detection of Aortic Aneurysms 00:43:24 - Alexandra Semenova with Stocks on the Move -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Published Dec 4, 2025