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Morgan Stanley, Bank of America Beat Estimates as Trading Activity Surges
2:47
Bloomberg Television
Morgan Stanley, Bank of America Beat Estimates as Trading Activity Surges
Morgan Stanley and Bank of America both beat Wall Street estimates for third quarter earnings. It was a very special quarter for Morgan as its trading revenue finally surpassed that of rival Goldman Sachs. Goldman has dominated the equity-trading business in recent years. Bank of America also reported earnings that beat estimates on higher investment banking revenue. Bloomberg's Sridhar Natarajan reports on "Bloomberg Open Interest." -------- 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 Oct 15, 2025
ASML Orders Beat Estimates, LMVH Stock Soars After Sales Turnaround | The Opening Trade 10/15
1:36:00
Bloomberg Television
ASML Orders Beat Estimates, LMVH Stock Soars After Sales Turnaround | The Opening Trade 10/15
ASML posted stronger-than-expected orders in the third quarter and said sales next year would be at least on par with 2025, as AI fueled demand for its chip-making machines. LVMH shares surged after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth in the third quarter, suggesting a slump in luxury demand is easing. Revenue rose 1% on an organic basis, snapping two quarters of declines. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Lizzy Burden. Chapters: 00:00:00 - The Opening Trade 00:02:07 - Stocks Rally on Fed's Powell 00:05:33 - France: Lecornu Wins Socialist Party Backing 00:05:55 - ASML, LVMH Earnings 00:10:24 - Trump Plans to Pay Troops 00:10:33 - Stellantis to Invest $13B in US 00:11:10 - Bouygues-led group 17B SFR Bid 00:13:33 - Powell Signals Rate Cut 00:14:45 - French Bonds Rally 00:26:03 - Bank Earnings 00:38:21 - Lecornu's Draft Budget 00:47:21 - Stocks to Watch: LVMH, ASML, Stellantis 01:04:50 - ASML Stock 01:13:07 - Kering 52-Week High 01:14:26 - Trump Reignites China Trade Tensions 01:23:31 - Gold Rallies Again 01:28:32 - China, Rare Earth Metals Threat 01:32:27 - ASML Says it Has All Materials for ComingMonths -------- 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 Oct 15, 2025
Trump’s Tariff Shift and the End of Duty-Free Imports
10:32
Bloomberg Television
Trump’s Tariff Shift and the End of Duty-Free Imports
The end of a US trade rule once meant to simplify imports is now threatening small businesses around the world. The Trump Administration’s removal of the “de minimis” tariff exemption — which let shipments under $800 enter the US duty-free — is creating new costs and confusion for independent sellers like British artist Harriet de Winton. What was designed to curb cheap imports from China is now catching small entrepreneurs in its wake. -------- 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/@BloombergTech 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 Oct 15, 2025
Sen. Warren Says Trump Should Not Give Argentina $20 Billion
10:05
Bloomberg Television
Sen. Warren Says Trump Should Not Give Argentina $20 Billion
Senator Elizabeth Warren (D-MA) voices her frustration with President Trump’s $20B Argentina Lifeline plan as Argentina made a deal with China that impacts US farmers. She also talks about the government shutdown critiquing her Republican colleagues, and if she feels the city of Boston is the President’s next target to have National Guard troops. Senator Warren speaks with Joe Mathieu and Julie Fine on the late edition of Bloomberg’s “Balance of Power.” -------- 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 Oct 15, 2025
Pop-Tarts Get a Jolt of Protein
5:54
Bloomberg Television
Pop-Tarts Get a Jolt of Protein
The protein craze that turbocharged energy bars and meat sticks is now coming for sugar-frosted Pop-Tarts. Starting in early November, pop-tart maker Kellanova will offer a version of the sprinkle-strewn toaster pastries with the kind of higher protein content reserved for what are typically considered healthier foods. This follows PepsiCo Inc.’s plans for a higher-protein version of Doritos. Elsewhere, protein is being added to popcorn, pasta, bread, cookie dough, ice cream and macaroni and cheese. The trend shows how packaged-food companies are betting that protein can lure back shoppers who have moved away from highly processed products. Food companies say consumers are looking for some nutritional benefit even in foods that aren’t considered healthy as they try to lose weight and ward off cravings. Many users of GLP-1s are also increasing their protein intake to help retain muscle mass. Bloomberg News Food Industry Reporter Kristina Peterson joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Isabelle Lee. -------- 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 Oct 15, 2025
Stocks Rally on Strong Earnings; Trump Threatens Chinese Cooking Oil | Bloomberg Brief 10/15/2025
42:51
Bloomberg Television
Stocks Rally on Strong Earnings; Trump Threatens Chinese Cooking Oil | Bloomberg Brief 10/15/2025
US equity futures rise as solid earnings and Fed Chair Jerome Powell's policy remarks reignite risk appetite. President Trump says he might halt trade in cooking oil with China as retaliation for Beijing's refusal to buy American soybeans. Geoffrey Yu of BNY discusses inflation risks in the US. Stephen Biggar of Argus Research discusses the latest bank earnings as Bank of America and Morgan Stanley are set to report. Chapters: 00:01:37 - First Look Movers 00:03:21 - Trump Threatens China Cooking Oil 00:06:14 - Inflation Risks Critical for Fed Policy | BNY Senior Strategist Geoffrey Yu 00:12:54 - Trending on the Terminal 00:14:40 - France Must Reduce Fiscal Deficit | Banque de France Governor Francois Villeroy De Galhau 00:19:25 - Front Page News 00:22:26 - First Look Movers 00:25:40 - Trump suggests $20B lifeline to Argentina Contingent on a Milei Election Victory 00:27:55 - ASML Orders Beat Expectations as AI Boosts Demand 00:30:03 - LVMH Unexpectedly Returns to Growth in Third Quarter 00:32:14 - Trending on the Terminal 00:33:46 - BofA, Morgan Stanley to Report Earnings 00:40:29 - What to Watch -------- 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 Oct 15, 2025
Fed's Powell Hints at October Rate Cut & ASML 3Q Orders Beat | Daybreak Europe 10/15/2025
47:01
Bloomberg Television
Fed's Powell Hints at October Rate Cut & ASML 3Q Orders Beat | Daybreak Europe 10/15/2025
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, stocks rebound after the Federal Reserve Chair signaled another rate cut is on the cards later this month. Jerome Powell cited continued weakness in the labor market, particularly the low pace of hiring. That outweighed renewed tensions between the US and China, with President Trump threatening to boycott Chinese cooking oil in the latest salvo of the trade war. Also on the program, ASML's third quarter orders beat estimates, as bumper AI investment fuels demand for its chip-making machines. And LVMH reports a surprise return to growth in a sign that demand for luxury is picking up again. Today's guest: Elizabeth Ingleson, The London School of Economics, Associate Professor. Chapters: 00:00:00 - Daybreak Europe 00:00:57 - ASML Earnings Update 00:03:44 - Asian Stocks Rise on Fed Rate-cut Bets 00:06:19 - Trump Threatens China Cooking Oil as Payback for Soy Boycott 00:10:38 - Stocks Gain as Rate-Cut Bets Outweigh Trade Angst 00:13:47 - ASML Orders Beat Expectations as AI Arms Race Boosts Demand 00:17:26 - Dimon’s ‘Cockroach’ Fear Revives Threat of Cracks in Credit 00:18:19 - Wall Street Lenders Report Record Growth 00:19:41 - Banks Navigate New Rate Environment 00:21:03 - LVMH Returns to Growth With Fashion Unit Proving Resilient 00:26:17 - BofA Survey: AI Stocks Are In A Bubble 00:27:56 - Elizabeth Ingleson, LSE Associate Professor 00:34:29 - French Premier Lecornu Wins Crucial Socialist Party Backing 00:38:39 - Apple to Build Home Hub and Robot in Vietnam in Pivot From China 00:38:55 - AMD Wins Big AI Chip Order From Oracle in Race to Catch Nvidia 00:40:07 - Big Take: US Races to Rebuild Submarine Power Before China Catches Up 00:44:36 - BOE's Bailey: More Emphasis on Productivity Growth -------- 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 Oct 15, 2025
US-China Trade Tensions, ASML's AI Boost | The Pulse 10/15
48:42
Bloomberg Television
US-China Trade Tensions, ASML's AI Boost | The Pulse 10/15
Fed Chair Jerome Powell signals another rate cut is coming later this month, as investors weigh renewed trade tensions between the US and China. French Prime Minister Sebastien Lecornu boosts his chances of surviving this week's no confidence votes, after dropping plans to raise the pension age. Elsewhere, ASML shares rise after it said the artificial intelligence boom is fueling demand for its cutting-edge chip-making machines. Today's guests: Ursula Marchioni, EMEA Head of Investment and Portfolio Solutions at BlackRock, Charlotte de Montpellier, Senior Economist at ING, Andy Kuper, Leapfrog Investments CEO. Chapters: 00:00:00 - The Pulse 00:01:16 - Trump Threatens China Cooking Oil 00:03:12 - ASML Orders Beat Expectations Amid AI Investment Boom 00:06:32 - Ursula Marchioni, EMEA Head of Investment and Portfolio Solutions at BlackRock 00:07:20 - Markets Rattled by US-China Trade Worries 00:13:16 - Villeroy: France Needs to Reduce Fiscal Deficit 00:17:32 - Charlotte de Montpellier, Senior Economist at ING 00:21:00 - French Bonds Have Best Day Since July 00:26:24 - Andy Kuper, Leapfrog Investments CEO 00:34:00 - LVMH Sees Encouraging China Demand 00:43:12 - Split Performance for Bank Stocks 00:46:05 - Fed's Powell Signals Another Rate Cut -------- 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 Oct 15, 2025
Copper Prices Exposed to AI Downturn Risk: Trafigura
2:09
Bloomberg Television
Copper Prices Exposed to AI Downturn Risk: Trafigura
Trafigura Chief Economist Saad Rahim discusses the copper markets and says there's a risk of pullback in prices as investment in AI infrastructure wanes. "The AI story is the future, but it’s not yet the present," Rahim tells Bloomberg Television. -------- 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 Oct 15, 2025