Bloomberg

Video: Hayes Doubts U.K. Will Act in Isolation on Bank Bonuses: Video

Thu, 26 Nov 2009 14:27:01 +0000

Nov. 26 (Bloomberg) -- Simon Hayes, head of financial services at Odgers Berndtson, talks with Bloomberg's Rishaad Salamat about changes to U.K. bank bonus rules and corporate governance proposed by David Walker in a government-commissioned report. Walker, a senior adviser to Morgan Stanley & Co., today said banks should delay bonus payments for as much as five years and have the power to “claw back” awards. Hayes speaks in London. (Source: Bloomberg)

Video: BofA's Pearson Says Dollar to Extend Decline Against Yen: Video

Thu, 26 Nov 2009 10:38:06 +0000

Nov. 26 (Bloomberg) -- Steven Pearson, head of G-10 currency strategy at BofA Merrill Lynch Global Research, talks about the outlook for the dollar against the yen. The Japanese currency advanced today as high as 86.30 yen per dollar, the strongest since July 1995. Pearson, speaking with Bloomberg's Rishaad Salamat and David Tweed from London, also talks about the Swiss franc and the euro. (Source: Bloomberg)

Video: Purcell Says Five-Year Bank Bonus Delay `Way Too Long': Video

Thu, 26 Nov 2009 09:54:51 +0000

Nov. 26 (Bloomberg) -- John Purcell, managing director of executive search firm Purcell & Company, talks with Bloomberg's Mark Barton about changes to U.K. bank bonus rules proposed by David Walker in a government-commissioned report. Walker, a senior adviser to Morgan Stanley & Co., today said banks should delay bonus payments for as much as five years and have the power to “claw back” awards. Purcell speaks in London. (Source: Bloomberg)

Video: Cantor's Parpart Sees Yen Strength `Burning Itself Out': Video

Thu, 26 Nov 2009 08:53:37 +0000

Nov. 26 (Bloomberg) -- Uwe Parpart, chief economist and strategist for Asia at Cantor Fitzgerald HK Capital Markets, talks with Bloomberg's Mark Barton about the outlook for the yen versus the dollar. Speaking in Hong Kong, Parpart also discusses asset bubbles. (Source: Bloomberg)

Video: IHS's Randolph Says Dubai Sovereign Risk Is 'Overblown'

Thu, 26 Nov 2009 08:23:02 +0000

Nov. 26 (Bloomberg) -- Jan Randolph, head of the sovereign risk group at IHS Global Insight, talks with Bloomberg's Mark Barton about Dubai's proposal to delay debt payments and the role neighboring emirate Abu Dhabi may play in easing the crisis. The state-controlled Dubai World, with $59 billion of liabilities, will ask creditors for a “standstill” agreement as it negotiates to extend maturities, including $3.52 billion of Islamic bonds due Dec. 14 from its property unit Nakheel PJSC, Dubai’s Department of Finance said yesterday. (Source: Bloomberg)

Video: Walker Report Threatens `World's Toughest Bonus Rules': Video

Thu, 26 Nov 2009 07:12:20 +0000

Nov. 26 (Bloomberg) -- Bloomberg's Nick Salter reports on a government-commissioned study into the links between pay and risk-taking in the banking industry and its recommendations on regulating bonus payments. (Source: Bloomberg)

Video: Dubai World Debt Crisis Rattles Gulf Investor Confidence: Video

Thu, 26 Nov 2009 06:53:57 +0000

Nov. 26 (Bloomberg) -- Bloomberg's John Cookson reports on Dubai's proposal to delay debt payments as it negotiates to extend maturities. (Source: Bloomberg)

Video: Amaluisa Says U.S. Dollar Is Aiding Ecuador's Exports: Video

Wed, 25 Nov 2009 23:57:54 +0000

Nov. 25 (Bloomberg) -- Ecuador's Trade Commissioner Karina Amaluisa talks with Bloomberg's Pimm Fox about her government's efforts to attract foreign investment and the impact of the U.S. dollar on Ecuador's economy. (Source: Bloomberg)

Video: Ex-Coach Mike Ditka Says NFL Must Address Concussions: Video

Wed, 25 Nov 2009 23:24:08 +0000

Nov. 25 (Bloomberg) -- Former National Football League head coach Mike Ditka talks with Bloomberg's Matt Miller about how the NFL must address players' head injuries. (Source: Bloomberg)

Video: Herrmann Says U.S. Unemployment Appears to Be Cresting: Video

Wed, 25 Nov 2009 23:02:34 +0000

Nov. 25 (Bloomberg) -- John Herrmann, chief economist at Herrmann Forecasting, talks with Bloomberg's Matt Miller about the outlook for the U.S. labor market. Herrmann also discusses consumer spending and the U.S. economy. (Source: Bloomberg)

Video: U.S. Stocks Rise on Home Sales and Jobless Claims Data: Video

Wed, 25 Nov 2009 22:46:55 +0000

Nov. 25 (Bloomberg) -- Bloomberg's Ellen Braitman reports on the performance of the U.S. equity market today. U.S. stocks gained, sending the Standard & Poor’s 500 Index to a 13-month high, as new home sales beat forecasts and jobless claims fell, suggesting the economic recovery is broadening. (Source: Bloomberg)

Video: Zuckerman Says U.S. Banks Need `Systemic Regulation': Video

Wed, 25 Nov 2009 22:31:27 +0000

Nov. 25 (Bloomberg) -- Mortimer Zuckerman, chairman of Boston Properties Inc., talks with Bloomberg's Matt Miller about the outlook for financial regulation. Zuckerman said U.S. lenders need "systemic regulation" and that the Federal Reserve did "brilliant work" under chairman Ben S. Bernanke. (Source: Bloomberg)

Video: Benedict Says Target's Holiday Performance May Surprise: Video

Wed, 25 Nov 2009 21:57:46 +0000

Nov. 25 (Bloomberg) -- Peter Benedict, an analyst at Robert W. Baird & Co., talks with Bloomberg's Matt Miller about the outlook for retailers this holiday season. As many as 134 million people plan to shop over the weekend, 4.7 percent more than last year, according to the National Retail Federation, a Washington-based trade group. (Source: Bloomberg)

Video: Schutz Says Bank of America Should Find CEO From Within: Video

Wed, 25 Nov 2009 21:23:56 +0000

Nov. 25 (Bloomberg) -- Anton Schutz, president of Mendon Capital Advisors Corp., talks with Bloomberg's Matt Miller about Bank of America Corp.'s search for a chief executive officer to replace Kenneth D. Lewis and the outlook for the bank's stock. Bank of America's next CEO will inherit a bank ranked No. 1 in the U.S. by assets, deposits and mortgages as of the third quarter. The Charlotte, North Carolina-based bank has raised almost $40 billion and posted a cumulative profit of about $6.5 billion during the first three quarters of this year. (Source: Bloomberg)

Video: Randy Bateman Discusses Stocks, Strategy: Video

Wed, 25 Nov 2009 21:11:39 +0000

Nov. 25 (Bloomberg) -- Randy Bateman, chief investment officer for Huntington Bancshares Inc., talks with Bloomberg's Matt Miller about the performance of U.S. stocks and Federal Reserve monetary policy. (This is an excerpt of the full interview. Source: Bloomberg)

Video: Davis Says `Avatar' Likely to be a Profitable Franchise: Video

Wed, 25 Nov 2009 20:56:15 +0000

Nov. 25 (Bloomberg) -- David Davis, managing partner of Arpeggio Partners, talks with Bloomberg's Julie Hyman about the outlook for holiday box office sales. Davis also discusses the outlook for James Cameron's new movie "Avatar" and the success of "The Twilight Saga: New Moon." (Source: Bloomberg)

Video: Gheit Says Oil Prices Shouldn't Be Higher Than $50: Video

Wed, 25 Nov 2009 20:16:15 +0000

Nov. 25 (Bloomberg) -- Fadel Gheit, managing director of oil & gas research at Oppenheimner & Co., talks with Bloomberg’s Julie Hyman about factors affecting energy markets and the outlook for oil and natural-gas prices. (Source: Bloomberg)

Video: Venture Capitalist O'Hurley Discusses Copper Prices: Video

Wed, 25 Nov 2009 19:57:46 +0000

Nov. 25 (Bloomberg) -- John O’Hurley, host of the National Dog Show and a venture capitalist, talks about the China's influence on copper prices. (This is an excerpt of the full interview Source: Bloomberg)

Video: Winmill Likes Agnico-Eagle, Newmont, Jaguar Stocks: Video

Wed, 25 Nov 2009 19:36:22 +0000

Nov. 25 (Bloomberg) -- Thomas Winmill, chief executive officer of Bexil Corp., talks with Bloomberg's Julie Hyman about his investment strategy in gold-mining stocks. Winmill also discusses the outlook for gold prices, the impact of Federal Reserve policy on metal prices and his stock picks. (Source: Bloomberg)

Video: RBC's Tucci Sees `Pent Up Demand' for Five-Year Notes: Video

Wed, 25 Nov 2009 19:08:38 +0000

Nov. 25 (Bloomberg) -- Tom Tucci, head of the U.S. Treasury trading desk at RBC Capital Markets, talks with Bloomberg’s Laura Lee and Brian Luke about the outlook for Treasuries. The U.S. Treasury sold $32 billion of seven-year notes at a yield of 2.835 percent, as demand rose relative to the last auction of securities with the same maturity. (Source: Bloomberg)

Video: Bloomingdale's Gould Says Spring Goods Sales `Positive': Video

Wed, 25 Nov 2009 18:31:30 +0000

Nov. 25 (Bloomberg) -- Michael Gould, chief executive officer of Macy's Inc.'s Bloomingdale's, talks with Margaret Brennan about the outlook for the retail industry. Gould also discusses jewelry sales and luxury consumers. (This is an excerpt of the full interview. Source: Bloomberg)

Video: Morehouse Seeking U.S. Clothing Sponsor for Fencing: Video

Wed, 25 Nov 2009 17:36:05 +0000

Nov. 25 (Bloomberg) -- Tim Morehouse, Olympic silver medalist in fencing for the U.S., talks with Bloomberg's Margaret Brennan about efforts to obtain clothing sponsors for his sport. (Source: Bloomberg)

Video: Dollar Nears 14-Year Low Against Yen on Fed Rate Outlook: Video

Wed, 25 Nov 2009 17:29:52 +0000

Nov. 25 (Bloomberg) -- Bloomberg's Sara Eisen reports on the outlook for the U.S. dollar. (Source: Bloomberg)

Video: Obama to Give Afghanistan Decision in West Point Speech: Video

Wed, 25 Nov 2009 17:23:41 +0000

Nov. 25 (Bloomberg) -- President Barack Obama will lay out his strategy for the war in Afghanistan in an address to the nation from West Point, New York, on Dec. 1, White House Press Secretary Robert Gibbs told reporters today. Bloomberg's Hans Nichols reports. (Source: Bloomberg)

Video: BlackRock's Stattman `Overweight' Emerging Markets, Asia: Video

Wed, 25 Nov 2009 16:15:59 +0000

Nov. 25 (Bloomberg) -- Dennis Stattman, a fund manager for BlackRock Inc., talks with Bloomberg’s Margaret Brennan about his investing strategy for emerging markets, particularly Asia. Stattman, among the finalists for Morningstar Inc.’s Manager of the Decade, also discusses the implications of health-care legislation on BlackRock's picks. (Source: Bloomberg)

Video: DO NOT USE THIS IS A TEST

Wed, 25 Nov 2009 16:00:40 +0000

DO NOT USE THIS IS A TEST

Video: Mario Gabelli Discusses Outlook for Kraft's Cadbury Bid: Video

Wed, 25 Nov 2009 15:48:24 +0000

Nov. 25 (Bloomberg) -- Mario Gabelli, chief executive officer of Gamco Investors Inc., talks with Bloomberg's Betty Liu, John Erlichman and Adam Johnson about Kraft Foods Inc.’s $16.1 billion offer for Cadbury Plc and the possibility that Hershey Co. may outbid Kraft for the U.K. chocolate maker. Hershey’s controlling trust wants the company to make a $17 billion bid for Cadbury that would be worth more and have a higher cash component than Kraft, the Wall Street Journal reported on Nov. 20. (This is an excerpt of the full interview. Source: Bloomberg)

Video: Nadal Says Power to Target Audiences Key for Marketers: Video

Wed, 25 Nov 2009 15:07:59 +0000

Nov. 25 (Bloomberg) -- Miles Nadal, chairman and chief executive officer of MDC Partners Inc., talks with Bloomberg's Betty Liu about business spending on marketing. Nadal also discusses media advertising trends and the outlook for social networking. (Source: Bloomberg)

Video: U.S. Jobless Claims, Durable Goods Orders Decline: Video

Wed, 25 Nov 2009 14:58:50 +0000

Nov. 25 (Bloomberg) -- Bloomberg's Betty Liu and Michael McKee report on U.S. economic data released today. Orders for durable goods in U.S. unexpectedly fell 0.6 percent in October. Initial jobless claims dropped to 466,000 last week, the lowest level since September 2008. Consumer spending rebounded more than anticipated last month, rising 0.7 percent. (Source: Bloomberg)

Video: Goldberg Says Bank Loan Losses to Stay High Through 2010: Video

Wed, 25 Nov 2009 14:49:36 +0000

Nov. 25 (Bloomberg) -- Jason Goldberg, a senior analyst at Barclays Capital, talks with Bloomberg's Betty Liu about banks' loan losses the outlook for more failures in the industry. The Federal Deposit Insurance Corporation had 552 banks with $345.9 billion in assets on the confidential problem list as of Sept. 30, a 33 percent increase from 416 lenders with $299.8 billion in assets at the end of the second quarter. (Source: Bloomberg)

Video: Levitt Says Ratings Firms Must Be Liable for Misdeeds: Video

Wed, 25 Nov 2009 14:31:09 +0000

Nov. 25 (Bloomberg) -- Former U.S. Securities and Exchange Commission Chairman Arthur Levitt talks with Bloomberg's Deirdre Bolton about the regulation of credit-ratings companies. Levitt also discusses the possibility that the California Public Employees' Retirement System may drop BlackRock Inc. as a real-estate adviser. Levitt, an adviser to the Carlyle Group and Goldman Sachs Group Inc., is a board member of Bloomberg LP, parent company of Bloomberg News. (Source: Bloomberg)

Video: Blumenthal Discusses Plans to Sue Debt Ratings Companies: Video

Wed, 25 Nov 2009 13:51:02 +0000

Nov. 25 (Bloomberg) -- Connecticut Attorney General Richard Blumenthal talks about his state’s plans to join Ohio in suing Standard & Poor’s, Moody’s Corp. and Fitch Ratings for their “negligent, reckless and incompetent work” in grading investments made by state pension funds. Blumenthal, speaking from Stamford, Connecticut, said his office and a “number of other states” are preparing legal action against the credit rating companies. (Source: Bloomberg)

Video: McCullough Discusses Gold, Fed, Dollar `Danger Zone': Video

Wed, 25 Nov 2009 13:26:24 +0000

Nov. 25 (Bloomberg) -- Keith McCullough, chief executive officer of Research Edge LLC, talks with Bloomberg's Deirdre Bolton about the outlook for the U.S. dollar. McCullough also discusses gold and Federal Reserve monetary policy. (This report is an excerpt of the full interview. Source: Bloomberg)

Video: Billionaire Tariko Focuses on Expansion Amid Recession: Video

Wed, 25 Nov 2009 13:26:20 +0000

Nov. 25 (Bloomberg) -- Bloomberg's Ryan Chilcote reports on Russian Standard Vodka’s billionaire owner Roustam Tariko and the outlook for his business ventures. (Source: Bloomberg)

Video: Mexico Peso May Be Poised to Rally on Bargain Hunting: Video

Wed, 25 Nov 2009 13:04:40 +0000

Nov. 25 (Bloomberg) -- Mexico’s peso is poised to rise as much as 20 percent against the dollar over the next year because the currency is one of the cheapest in emerging markets and exports to the U.S. are set to grow, according to Pacific Investment Management Co. The rally will pick up after Fitch Ratings on November 23 cut the country’s rating one level to BBB. Bloomberg's Sara Eisen reports. (Source: Bloomberg)

Video: Celebrities, Diplomats Attend Obama's First State Dinner: Video

Wed, 25 Nov 2009 13:01:35 +0000

Nov. 25 (Bloomberg) -- Bloomberg's Hans Nichols reports on President Barack Obama’s first state dinner held yesterday, which honored Indian Prime Minister Manmohan Singh. The president and first lady Michelle Obama invited more than 300 executives from India and the U.S., diplomats, lawmakers and celebrities, including movie director Steven Spielberg and General Electric Co. Chief Executive Officer Jeffrey Immelt. (Source: Bloomberg)

Video: Todd Gordon Sees Volatility Returning After Holidays: Video

Wed, 25 Nov 2009 12:39:54 +0000

Nov. 25 (Bloomberg) -- Todd Gordon, a currency strategist at Gain Capital Group, talks with Bloomberg's Jon Erlichman about the outlook for the U.S. dollar. Gordon expects dollar and stock volatility to return after the holiday season. (Source: Bloomberg)

Video: Facebook Introduces Dual-Class Structure for Stock: Video

Wed, 25 Nov 2009 12:27:31 +0000

Nov. 25 (Bloomberg) -- Facebook Inc., the world’s biggest social-networking site, introduced a dual-class stock structure to let current shareholders hold onto voting control. The decision shouldn’t be seen as a sign that the company is planning to go public, Facebook said in an e-mailed statement. The company also said it has no plans to hold an IPO at this time. Bloomberg's Cris Valerio reports. (Source: Bloomberg)

Video: FT's Lex Columnist Buckley on General Motors, Saab: Video

Wed, 25 Nov 2009 12:21:21 +0000

Nov. 25 (Bloomberg) -- Neil Buckley of the Financial Times' Lex commentary team talks with Bloomberg's Deirdre Bolton about General Motors Co. possibly shutting down the Saab unit after Koenigsegg Group AB canceled a planned acquisition. (Source: Bloomberg)

Video: Research Shows U.S. Banks Hurt Less Than in `80s Crisis: Video

Wed, 25 Nov 2009 12:09:01 +0000

Nov. 25 (Bloomberg) -- Bloomberg's Lindsey Arent reports on the latest banking crisis in comparison to the financial crunch of the 1980's. (Source: Bloomberg)

Video: Ubisoft's 'Avatar' Game Seeks to Capitalize on Film: Video

Wed, 25 Nov 2009 12:02:50 +0000

Nov. 25 (Bloomberg) -- Bloomberg's Michele Steele reports on the outlook for sales of Ubisoft Entertainment SA's "Avatar" video game, which is based on the News Corp. film by the same name due out in December. (Source: Bloomberg)

Video: Calpers May Drop BlackRock; UBS Plans to Hire in Canada: Video

Wed, 25 Nov 2009 11:38:04 +0000

Nov. 25 (Bloomberg) -- Bloomberg's Jon Erlichman reports on the latest breaking business news and top stories in today's Business Briefs. (Source: Bloomberg)

Video: Porsche Reports Full-Year Loss, Predicts Tough Months: Video

Wed, 25 Nov 2009 11:28:48 +0000

Nov. 25 (Bloomberg) -- Porsche SE, the maker of the 911 sports car, said business will remain "very difficult" in coming months even as an increase in orders signals a possible turnaround within a year. The automaker posted its first full-year loss since 1994 after writing down the value of options on shares of Volkswagen AG, the company it’s merging with after a failed takeover bid. Bloomberg's Ryan Chilcote reports. (Source: Bloomberg)

Video: ComRes's Baker Says Brown Is Labour's Biggest Liability: Video

Wed, 25 Nov 2009 11:07:23 +0000

Nov. 25 (Bloomberg) -- Greig Baker, research director at polling company ComRes, talks with Bloomberg's Andrea Catherwood about the level of public support for the U.K. government and Prime Minister Gordon Brown. (Source: Bloomberg)

Video: Axa's Wenzel Sees Growth, Low Rates Fueling Equity Gains: Video

Wed, 25 Nov 2009 10:45:36 +0000

Nov. 25 (Bloomberg) -- Franz Wenzel, deputy director of investment strategy at Axa Investment Managers, talks with Bloomberg's Rishaad Salamat about his forecast for further gains in stocks. Wenzel, who helps oversee about $600 billion, speaks from Paris. (Excerpt. Source: Bloomberg)

Video: Axa's Wenzel Sees Growth, Low Rates Fueling Equity Gains: Video

Wed, 25 Nov 2009 10:42:34 +0000

Video: Rosborough Expects More Volatility in Australian Dollar

Wed, 25 Nov 2009 09:29:02 +0000

Nov. 25 (Bloomberg) -- Lauren Rosborough, a senior currency strategist at Westpac Banking Corp., talks with Bloomberg's Rishaad Salamat about currencies including the Australian dollar, pound and euro. Rosborough, speaking in London, also talks about European Central Bank policy and the outlook for U.S. and U.K. economic data. (Source: Bloomberg)

Video: Cantor's Pope Says GM `Destroyed' Saab, Must Ditch Unit: Video

Wed, 25 Nov 2009 09:10:39 +0000

Nov. 25 (Bloomberg) -- Stephen Pope, chief global strategist at Cantor Fitzgerald Europe, talks with Bloomberg's Mark Barton about the future of General Motors Co.'s Saab unit after Koenigsegg Group AB canceled a planned acquisition of the automaker. Speaking in London, Pope also discusses Porsche SE and Volkswagen AG. (Source: Bloomberg)

Video: FT's Lex Columnist McLannahan on Chinese Banks' Capital

Wed, 25 Nov 2009 07:29:06 +0000

Nov. 25 (Bloomberg) -- Ben McLannahan of the Financial Times' Lex commentary team talks with Bloomberg's Mark Barton about the capital position of China's banks. (Source: Bloomberg)

Video: Burns Recommends Using Bear-Market Funds `Tactfully': Video

Tue, 24 Nov 2009 23:09:58 +0000

Nov. 24 (Bloomberg) --- Scott Burns, director of alternative investment research for Morningstar Inc., talks to Bloomberg's Carol Massar and Matt Miller about investing in alternative funds. So-called bear-market and long-short mutual funds, designed to protect against falling stock prices, attracted a record $10 billion this year through October, more than double the previous high in 2006, according to Morningstar Inc. Asset managers have opened 19 long-short funds, the most in one year. (Source: Bloomberg)