OPEC+ held October production quotas steady at its 6 September meeting, pausing after completing the rollback of 1.65 million barrels per day of voluntary cuts introduced in 2023.
Higher crude flows straight into the revenue line of producers selling unhedged barrels, which is why a decision taken in Vienna moves Perth-listed stocks.
Jon Ledecky, NHL team New York Islanders co-owner, sat down with Bloomberg's Romaine Bostick to remember the events on Sept. 11, the power of sports and more.
Bill Dudley, a Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York, says he would be shocked if the Federal Reserve did not raise interest rates by 25 basis points at their next meeting. He speaks on "Bloomberg The Close."
Bloomberg's Veena Ali-Khan said that clashes between Houthi rebels and Saudi Arabia is an 'escalation' of regional tensions as fighting disrupts key areas for oil production. Ali-Kahn said that Saudi Arabia is caught between a rock and a hard place when it comes to responding to recent attacks, as leaders weigh the impact of military retaliation against gains in leverage for the Houthis.
Brigadier General Leland Blanchard II, Interim Commanding General of the DC National Guard, said that safety efforts in the 25 years since the September 11th terrorist attacks have been a balance between honoring personal liberties and the need for security. Brigadier General Blanchard also discussed his current mandate with the National Guard in DC and how his team works in coordination with the DC police, saying that it represents a 'significant investment' in the security of DC neighborhoods.
Bloomberg's Zijia Song joins Scarlet Fu on "Bloomberg Money." This summer's FIFA World Cup packed stadiums across North America and drew record audiences. It also got a large number of millennials and Gen Zs to place their first sports bets.
Ellen Zentner, chief economic strategist and global head of thematic and macro investing at Morgan Stanley Wealth Management, joins Scarlet Fu on "Bloomberg Money." They discuss how wealth managers must adjust to people living longer.
Ellen Zentner, chief economic strategist and global head of thematic and macro investing at Morgan Stanley Wealth Management, joins Scarlet Fu on "Bloomberg Money." They discuss financial planning, retirement, and the impact of growing life expectancy in the US.
Nicholas Burns, former Ambassador to NATO, reflected on the 25th anniversary of the September 11th and remembered the action of NATO countries in the days following the terror attacks, saying the US should 'deeply value' the friendship of its allies. Burns who also served as the US ambassador to China previewed the issues on the table ahead of President Xi's upcoming visit to the US and said the US, China and NATO allies 'need to be together in limiting the influence of AI when it comes to weapons of mass destruction.'
Bloomberg Opinion's Kathryn Anne Edwards joins Scarlet Fu on "Bloomberg Money." Edwards writes that for the last 43 years Social Security has been on autopilot, and makes the case for modernizing the program to meet 2026 economic issues.
Richard Haass, senior counselor with Centerview Partners, president emeritus for the Council on Foreign Relations, and former advisor to Colin Powell and President George H.W. Bush, joins Scarlet Fu on "Bloomberg Money." They discuss how American influence around the world affects the US consumer and their portfolios.
Richard Haass, senior counselor with Centerview Partners, president emeritus for the Council on Foreign Relations, and former advisor to Colin Powell and President George H.W. Bush, joins Scarlet Fu on "Bloomberg Money." Sentiment sank among consumers from both political parties, according to a UMich survey, and only 35% of Republicans believe the government is doing a good job with the economy, the lowest reading since President Trump returned to the White House last year.
