The wealthy New Jersey town of Montclair is making staff and program cuts at its public schools in an effort to address a $20 million budget gap. The commuter town discovered the deficit in July, with a judge recently swatting down a vote aimed at raising property taxes to mitigate the problem. Bloomberg's Erin Hudson talked about the story on "Bloomberg Markets" with Dani Burger.
Disney licenses iconic characters including Mickey Mouse and Cinderella to OpenAI for use on its artificial intelligence video platform and has agreed to take a $1 billion stake in the startup. Paul Dergarabedian, Head of Marketplace Trends at Comscore says the deal highlights the 'inevitability' of AI in entertainment, and studios will need to embrace the technology while protecting actors' and creators' rights. He joined on "Bloomberg Markets" with Dani Burger.
From Pop Mart's Labubus to Shein, Temu and Luckin, Chinese brands have become global consumer favorites and cultural ambassadors. With much of the credit going to TikTok, shoppers are hungry for more.
"We believe that demand is high for the next 10-15 years," Rheinmetall AG Chief Executive Officer Armin Papperger tells Bloomberg's Oliver Crook. He also says that while he wishes peace in Ukraine, it will have "absolutely zero impact" on the company's business and the potential seizing of Russian assets in Europe could be an "accelerator" for the domestic defense industry.
The next Fed chair must prove that they are able to balance issues and have debates without regard to political pressure and political considerations, said Robert Kaplan, Vice Chairman of Goldman Sachs and former President of the Federal Reserve Bank of Dallas. Kaplan also spoke of the importance of investing in education and professional skills to help the US workforce adapt to an AI-enabled world. Robert spoke to Anna Edwards on "The Pulse" on Bloomberg Television on December 4.
Bank of America Corp. Chief Executive Officer Brian Moynihan discusses the state of the US economy, the impact of geopolitical events on markets and business, and the bank's commitment to London. In an interview with Bloomberg Television, he also talks about Investor Day and sponsoring the FIFA World Cup.
Beata Manthey, Citi's European equity strategy head, talks about the outlook for 2026. "We continue to be overweight banks into the next year," she tells Bloomberg Television. Manthey adds that Citi has also upgraded industrials and basic resources to overweight.
Skylar Montgomery Koning, Guy Johnson and Anna Edwards break down today's key themes for analysis and investors on "The Opening Trade."
India is rolling out the red carpet for Russian President Vladimir Putin, despite efforts by Western democracies to cast him as an international pariah. Prime Minister Narendra Modi has called the India Russia friendship "time tested" and one that has greatly benefited the people. Bloomberg's India government reporter Sudhi Ranjan Sen spoke with Haslinda Amin on how these ties continue to withstand U.S. pressure.
Warner Bros. Discovery Inc. has entered exclusive negotiations to sell its film and TV studios and HBO Max streaming service to Netflix Inc., according to people familiar with the discussions. The two companies could announce a deal as soon as in the coming days, assuming talks don't fall apart, the people said. Bloomberg's Manuel Baigorri breaks down the situation.
