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NYC Subway and Bus Fares Set to Rise Again
9:24
Bloomberg Television
NYC Subway and Bus Fares Set to Rise Again
The New York City MTA has proposed hiking the base fare for subways and buses from $2.90 to $3.00 starting in January. Tolls for bridges and tunnels would also go up. The transit system is facing a $1.1 billion deficit starting in 2027. MTA Chief Financial Officer Jai Patel says polls show customers are satisfied, crime is coming down, and fare hikes are small and predictable. Patel also talks about mayoral candidate Zohran Mamdani's proposal to make buses free and how they're fighting fare evasion. She speaks on Bloomberg Businessweek. -------- 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 Aug 20, 2025
Bessent Satisfied with US-China Tariff Setup; Retail Earnings on Deck | Bloomberg Brief 8/20/2025
43:26
Bloomberg Television
Bessent Satisfied with US-China Tariff Setup; Retail Earnings on Deck | Bloomberg Brief 8/20/2025
US equity futures remain lower amid signs of easing from Tuesday's tech selloff, with Nvidia poised to rebound from its slump. Treasury Secretary Scott Bessent says the US is satisfied with the current trade arrangement with China. Retail earnings continue with Lowe's, Target and TJX. Andrew Balls of PIMCO sees a potential for the Fed to cut rates lower than the market is pricing in. Cayla Seder of State Street thinks more concentration in tech stocks will be expected without more rate cuts. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. Chapters: 00:00:00 - Intro 00:01:14 - First Look Movers 00:03:20 - Andrew Balls, PIMCO Global Fixed Income CIO 00:10:50 - Trending on the Terminal 00:16:46 - Front Page News 00:22:24 - First Look Movers 00:25:31 - Cayla Seder, State Street Macro Multi-Asset Strategist 00:33:00 - Trending on the Terminal 00:41:32 - 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 Aug 20, 2025
UK Inflation at 18-Month High, Bessent: China Tariff Status Quo Working | The Opening Trade 8/20/25
1:36:06
Bloomberg Television
UK Inflation at 18-Month High, Bessent: China Tariff Status Quo Working | The Opening Trade 8/20/25
UK inflation climbed to an 18-month high on the back of surging food, transport and hospitality prices, putting the Bank of England under pressure to reconsider the pace of interest-rate cuts. Treasury Secretary Scott Bessent indicated the US is satisfied with the current tariff set up with China, a signal the Trump administration is looking to maintain calm with its economic rival before a trade truce expires in November. --- 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 Kriti Gupta. Chapters: 00:00:00 - The Opening Trade 00:01:25 - UK Inflation Hits 18-Month High as Food and Transport Costs Soar 00:02:29 - The Agenda 00:10:43 - Need to Know 00:13:34 - Fed's Bowman: Committed to Job I Have 00:14:35 - Traders Await Powell's Jackson Hole Speech 00:17:28 - Melanie Baker, Royal London Asset Management Senior Economist 00:25:11 - Nvidia-led Tech Slide Cracks Summer Calm in Stocks 00:29:11 - Richard Windsor, Radio Free Mobile Founder & Owner 00:39:00 - Markets in 3 Minutes 00:44:15 - Pop Mart's Net Income Boosted by Labubu Dolls 00:48:05 - Wednesday European Market Open 00:51:09 - Mark Andersen, UBS Global Wealth Management Co-Head of Global Asset Allocation 00:59:58 - Morning Movers 01:03:09 - Spain & Portugal Tackle Major Wildfires 01:15:04 - Bessent: China Tariff Status Quo "Working Pretty Well" 01:18:30 - Mike Parra, DHL Express Europe CEO 01:27:53 - Europe Races to Leverage Trump's Ukraine Support 01:31:48 - Daybook -------- 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 Aug 20, 2025
Bessent: US-China Tariffs Working Well, UK Inflation Jumps to 18-Month High | The Pulse 8/20/2025
48:38
Bloomberg Television
Bessent: US-China Tariffs Working Well, UK Inflation Jumps to 18-Month High | The Pulse 8/20/2025
Wall Street’s selloff in tech heavyweights dragged down global markets on Wednesday, as investors cashed in gains from the leaders of the post-April rally. Europe’s Stoxx 600 dropped 0.1% after closing within a whisker of an all-time high on Tuesday. Technology stocks fell as much as 0.9% before paring the loss. Investors took shelter in defensive sectors, with real estate and utility stocks among the biggest gainers. Asian stocks retreated 0.7% Elsewhere, UK inflation climbed to an 18-month high on the back of surging food, fuel and transport prices, putting the Bank of England under pressure to reconsider the pace of interest-rate cuts. Consumer prices rose 3.8% from a year earlier, up from 3.6% in June and the fastest pace since January 2024, the Office for National Statistics said Wednesday. Today's guests: Johanna Kyrklund, Schroders Group CIO, Greg Fleming, Rockefeller Capital Management CEO, Dean Forbes, Forterro CEO. Chapters: 00:00:00 - The Pulse With Francine Lacqua 00:00:59 - Bessent Says China Tariff Status Quo ‘Working Pretty Well’ 00:02:11 - After Putin Call, Trump Rang Orban Over Ukraine EU Membership 00:08:11 - Stock Rally Pauses After Wall Street Tech Selloff 00:10:43 - Johanna Kyrklund, Schroders Group CIO 00:15:43 - Fed's Michelle Bowman 00:21:06 - UK Inflation at 18-Month High as Food, Transport Costs Soar  00:26:22 - Greg Fleming, Rockefeller Capital Management CEO 00:30:14 - Miners in the Spotlight 00:34:30 - Spain, Portugal Wildfires Weigh on Tourism Sector 00:38:46 - Dean Forbes, Forterro CEO 00:45:45 - UK July CPI Rises Faster Than Expected -------- 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 Aug 20, 2025
Markets in 3 Minutes: AI Selloff Makes Sense and Has More to Go
3:10
Bloomberg Television
Markets in 3 Minutes: AI Selloff Makes Sense and Has More to Go
Mark Cudmore, Anna Edwards and Guy Johnson break down today’s key themes for analysis and investors on “The Opening Trade.” -------- 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 Aug 20, 2025
Tech Selloff: UBS Is 'Bullish' on AI, Sees Fed Cuts Boosting Equities
3:35
Bloomberg Television
Tech Selloff: UBS Is 'Bullish' on AI, Sees Fed Cuts Boosting Equities
Mark Andersen, global asset allocation co-head at UBS Wealth Management, discusses the outlook for technology earnings, stocks and the prospect of lower US interest rates. "We lean to the bullish side on AI," Andersen tells Bloomberg Television. A sharp selloff in heavyweight tech shares dragged markets lower on Tuesday. -------- 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 Aug 20, 2025
Europe Readies Ukraine Troops Plan, Pop Mart Soars on Mini Labubu | Daybreak Europe 8/20/2025
46:43
Bloomberg Television
Europe Readies Ukraine Troops Plan, Pop Mart Soars on Mini Labubu | Daybreak Europe 8/20/2025
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, A package of security guarantees for Ukraine will take shape as soon as this week as leaders seize on President Donald Trump’s backing for a plan that involves sending European troops as part of a potential peace deal.  Elsewhere, Shares of Chinese toy maker Pop Mart International Group Ltd. rose the most in nearly four months on Wednesday, after Chief Executive Officer Wang Ning said the company could easily surpass its annual sales projection and announced plans to launch a new mini Labubu doll. Today's guest: Sonali Punhani, Bank of America UK Economist Chapters: 00:00:00 - Daybreak Europe 00:03:04 - Nvidia Falls 3.5%, Worst Drop Since April 00:06:39 - Wager for Half-Point Rate Reduction Faces Test of Powell Remarks 00:11:19 - Europe Races to Leverage Trump’s Support for Ukraine Troop Plan 00:13:37 - Pop Mart Soars on Mini Labubu 00:17:35 - Modi Hails China Ties as Bessent Swipes at India’s Rich Families 00:21:07 - Xiaomi Declares Europe Foray in 2027 00:26:44 - Sonali Punhani, Bank of America UK Economist 00:30:50 - UK Inflation in Focus 00:32:07 - Gilt Yields Hit Highest in Nearly Three Months Ahead of CPI 00:35:38 - Danish Growth Expected to Cool 00:39:21 - Syrian Foreign Minister, Israeli Delegation Hold Talks in Paris 00:43:42 - IMF Visit to Weigh Hidden Debt in Senegal’s Bid for New Deal -------- 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 Aug 20, 2025