Bloomberg's Scarlet Fu and Tom Keene discuss their must-read book on this week's edition of "Bloomberg Money." They discuss "Paved Paradise: How Parking Explains the World" by Henry Grabar and "Farrow and Ball: Recipes for Decorating" by Joa Studholme.
Katie Zacharia will no longer serve as President Donald Trump's press secretary after spending less than a week on the job, thrusting the White House's communications operation back into a state of chaos. Trump has previously cited Republicans' messaging as a pain point in recent remarks. Elsewhere, the Texas Senate race has turned into one of the most expensive in history. Elon Musk gave $158 million to the GOP's main super PAC backing Senate candidates in September, according to the latest filings from the Federal Election Commission. Meantime, AI has emerged as a volatile issue in the midterm elections that will decide control of both houses of Congress, while Americans still grapple with affordability as conflict in the Middle East continues to weigh on energy prices. Henrietta Treyz, Director of Economic Policy as Veda Partners, examines the path to the November 3rd midterms.
Bess Freedman, Brown Harris Stevens CEO, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the dynamic between mortgage rates and US housing supply.
Tom Porcelli, chief economist at Wells Fargo, says US consumers are "roughed up," but they are still spending. He says wages are struggling, but consumers are still feeling pretty good because a wealth effect is in place. He is on "Bloomberg Money."
Bess Freedman, Brown Harris Stevens CEO, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the housing affordability in the US.
Jonathan Miller, co-founder of Miller Samuel, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss mortgage rates, US housing supply, and the population shifts across various US regions.
Tom Porcelli, chief economist at Wells Fargo, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss Porcelli's approach to his personal finances.
Greg Allen, Founder and CEO of Decision Tree Research and former AI strategy official at the Department of Defense, said that it is 'extremely difficult to overstate' how volatile the Trump administration's messaging has been on artificial intelligence regulations as it swings between dismissing AI safety fears and requiring mandatory regulations.
Tom Porcelli, chief economist at Wells Fargo, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the health of the US consumer, the wealth the effect, and his hands-off approach to personal finance.
Melinda Haring, nonresident senior fellow at the Atlantic Council, said that Ukraine running out of Patriot missiles and the outage of the country's Starshield were 'tremendously damaging' for frontline defenses in the war with Russia. Haring also discussed the relationship between Ukraine and the US, saying that despite Trump's recent Russian diesel deal and his comments about Ukraine's leadership, Americans support Ukraine and are 'ashamed of what's happening in Washington.'
Dorm Room Fund says fears that AI will make college obsolete miss a startup boom already unfolding on campuses. The student-focused venture fund is seeing growing optimism among young founders as AI lowers barriers to building companies and gives first-time entrepreneurs new opportunities. Molly Fowler, founding partner at Dorm Room Fund, joins Ed Ludlow on "Bloomberg Tech."
Concerns about the enormous amounts of debt financing the AI infrastructure boom are putting the neocloud sector under increasing scrutiny. Decoding Discontinuity CEO Raphaelle D'Ornano discusses the pressure on CoreWeave as interest expenses weigh on its economics. She explains why investors are looking beyond contracted backlogs to financed and energized capacity, and how Nscale's vertically integrated approach differs as it prepares for a potential IPO. She joins Ed Ludlow on "Bloomberg Tech."
