US Treasury Secretary Scott Bessent’s interventionist summer has already led to pushback and questions about his credibility in financial markets. Now he faces a test with global peers. Ahead of the meeting of Group of 20 finance ministers in Asheville, North Carolina, on Monday, Bessent has vowed to return the conversation among the world’s top economic policymakers to the core subject of boosting growth. Shawn Donnan, Bloomberg Senior Economics Writer talks about the latest from the G20. Ed Ludlow, Bloomberg Tech Co-Host also discussed his interview with Nvidia CEO Jensen Huang. Then, Brian Quintenz, KalshiEx Board Member and Fmr. CFTC Commissioner joined to discuss recent enforcement actions from the prediction market platform. Finally, Ryan Gould, Bloomberg News Deals Reporter discussed the latest on his reporting about how KKR has spent the past five years leveraging limited airport space to the advantage of Atlantic.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:03 Market Update: Stocks Fall as Oil Rises
00:03:50 Bessent Faces a Credibility Test at the G20
00:06:28 Treasury's Interventionist Summer
00:08:11 Bessent, Warsh & the Fight Over Interest Rates
00:09:29 Can Markets Trust the Treasury Secretary?
00:11:23 Nvidia Invests $3.5 Billion in MediaTek
00:13:10 Nvidia's Strategy Beyond Its Own AI Chips
00:16:01 Custom Chips & the Competition for Nvidia
00:19:02 Market Update: Amazon Falls on FTC Report
00:20:52 Kalshi's First Lifetime Trading Ban
00:24:16 Court Ruling Challenges Kalshi's Sports Markets
00:26:01 Could the Kalshi Fight Reach the Supreme Court?
00:28:35 Who Should Regulate Prediction Markets?
00:30:20 Mention Markets, Insider Trading & Regulation
00:32:34 Market Update: Oil Near $86, Stocks Lower
00:34:28 Private Aviation Becomes a $10 Billion Business
00:36:01 How KKR Transformed Atlantic Aviation
00:37:30 Private Jet Demand & the Airport Capacity Crunch
00:41:02 Could Atlantic Aviation Eventually Go Public?
00:43:01 Market Check: Oil, Yields & Inflation
00:44:16 Stock Movers: Amazon, Edison & Deere
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More on Bloomberg Television and Markets
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Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:03 Market Update: Stocks Fall as Oil Rises
00:03:50 Bessent Faces a Credibility Test at the G20
00:06:28 Treasury's Interventionist Summer
00:08:11 Bessent, Warsh & the Fight Over Interest Rates
00:09:29 Can Markets Trust the Treasury Secretary?
00:11:23 Nvidia Invests $3.5 Billion in MediaTek
00:13:10 Nvidia's Strategy Beyond Its Own AI Chips
00:16:01 Custom Chips & the Competition for Nvidia
00:19:02 Market Update: Amazon Falls on FTC Report
00:20:52 Kalshi's First Lifetime Trading Ban
00:24:16 Court Ruling Challenges Kalshi's Sports Markets
00:26:01 Could the Kalshi Fight Reach the Supreme Court?
00:28:35 Who Should Regulate Prediction Markets?
00:30:20 Mention Markets, Insider Trading & Regulation
00:32:34 Market Update: Oil Near $86, Stocks Lower
00:34:28 Private Aviation Becomes a $10 Billion Business
00:36:01 How KKR Transformed Atlantic Aviation
00:37:30 Private Jet Demand & the Airport Capacity Crunch
00:41:02 Could Atlantic Aviation Eventually Go Public?
00:43:01 Market Check: Oil, Yields & Inflation
00:44:16 Stock Movers: Amazon, Edison & Deere
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
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X: https://twitter.com/business
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TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts