Sunak Fallout | Bloomberg Surveillance 10/26/2022

Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio.

00:00 welcome
28:00 Meta earnings
45:00 Sunak speaks
01:10:00 Russia letter
01:23:00 Mike Wilson

#morningnews #stocks #sunak #unitedkingdom #surveillance #morningnews #markets
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[mrbojangles]

Median US home price just hit $470, 600. With median real income at 37, 522, the average income in the US can't even pay a mortgage for an average house. It's recommended to spend a third of income on housing. Something has to give here.

[abijitpal]

27/10/2022.
U.S. Stocks market record high
66.77%
Bonds market record high.
Credit market record high.
Housing market record high.
Job market record high.
Labour market record high.
Oil & Gasoline prices high.
Food prices high.
1939 to 1079. U.S economics history.
Round the world.

[jackbailey]

Anyone tired of the UK's problems?

[topeoplebenice]

Can you Explain how beginners can make huge profit within a short period of time? I feel it's the best time to get started on the market, heard some guy speaking of making over $3.5M within 4months of investing $450k. any suggestions pls

[gerhard]

Far too many these self-styled 'meta' titans of finance don't live in the real world and don't have a clue what's going on at the micro level.

Talking up their book is their job I guess, but it behoves anyone whose interested to understand that this is EXACTLY what most of them are doing when they pop up on shows like this.

[abijitpal]

27/10/2022.
Indian Stocks market record high
68.89% .
Indian Bonds market record high.
Oil & Gasoline prices high.
Job market record high.
Labour market record high.
Food prices high.
Credit market record high.
Housing market record high.
1966 to 1991 Indian economics history.
Round the world.

[abijitpal]

27/10/2022.
Lockheed Martin Company Share
Prices Record high.

[edmundlively]

To get more disinflation, unemployment is unnecessary. All we really need to do is double the payroll tax which will then give us a negative multiplier effect, less spending by workers so that prices drop

[vbcham]

I love it “ Is Rishi starting his reign ? “

[gerhard]

El-Erian is one of the very few mainstream economists in the world whose views I trust.

A pivot is a sign of fear of financial instability.

Careful what you wish for people.

[kqpayxt]

UK Ex-Chequer Hunt, had a company once which tried to Export Marmalade to Japan.... May be he should now try Importing Tang !! LOL

[davidpryor]

Lisa, what manly shoulders you have. lol

[gerhard]

If nothing else this all demonstrates the magic of fiat.

The global economy, in essence, has barely grown at all since the mid 1970s.

What has changed is the debt that's been attached to it and the shifting timeframes.

The debt fishermen know that it's time to pull the line in a wee bit that's all.

[chriscuntlicker]

I have a solution for unemployment from raising rates. Tell every giant corporation that they're not allowed to sell goods made in foreign currency for more than a 100% markup. They'll be plenty of manufacturing jobs that pop up. They can price cap Russian oil and insulin but they can't price cap goods made in China and Taiwan. This joke monopoly economy means that everybody's job is reliant on israeli spyware company's for employment. Change that and you fix the unemployment problem. The problem is they won't take a pay cut when they already get all their product from Chinese slave labor, so they cut jobs instead. Ross furniture used to pay inmates 10 dollars a month to make quality furniture. The prison labor force needs to be stopped too. I don't wanna hear from these mega conglomerates that they can't afford to pay workers. If the CEO of your company has 100 billion dollars and needs to lay people off to cut costs, theirs a problem, and it has nothing to do with raising interest rates. They don't even sell product anymore because nobody's buying. Yet they still have evaluations somewhere near Jupiter. I think this market suffers from the self importance of billionaires personal bank accounts not federal interest rate hikes to curb inflation.

[chriscuntlicker]

I just seen this article saying "How the surging U.S. dollar is making it almost impossible to afford anything in countries around the world". I just wanna say that these countries are paying right now for all the free money they received off the backs of the American employee. Eat bugs or pay tax into the United States treasury you're not our problem and the federal reserve should recognize that when they make policy decisions. Either pay taxes to American or become a real country again. Your federal bank is located in America and we should charge them with treason for tailoring policy based on what happens in South America or Asia.

[jamesdsonerd]

Charts appear to say >21.5k< bottom i could see that, but not with the macro situation though. I dont even think talkin bout the bottom is worth it atm. Macro is the worst in decades energy, inflation, rate hikes, supply shortages etc etc its the perfect storm. From 2008ish till around 2021 when the economy was boomin & the fed was printing money btc still crash about 85%. So i find it hard to accept a 75% crash for a bear market that lines up with a global recession, dont make sense to me. Institutions & whales need retail to sell so theres enough supply to meet their demand & they aint buyin yet!! The thing is retail aint got any money to ape in to btc atm & over the next 12 months or so i see less money in the system as the fed tightens & everything goes up in price. So where will the money come from in that kind of a setting?? I really dont think weve seen the bottom yet or the kind of pain coming next year after mid terms. I guess we will see, I will keep buy and just trade long term more than ever, I have made over 11.6` BTC from trading with Mr John Fredrick in few weeks this is one of the best medium to backup your assets incase it goes bearish <You can reach Mr John Fredrick on ͲeIєɠɾαm @MrJfred <Orr What'sapp✙19179330979.