Wall Street Week – Full Show (8/7/2020)

Aug.07 — One of the most iconic brands in financial television returns for today’s issues and today’s world. This week’s Wall Street Week features David Westin’s interviews with National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci, Sen. Rick Scott (R-FL), and Former Secretary of Education Arne Duncan. The conversations highlight the health … Read more Wall Street Week – Full Show (8/7/2020)

U.S. Sanctions Hong Kong Chief Lam Over Crackdown

Aug.09 — The U.S. is placing sanctions on 11 Chinese officials and their allies in Hong Kong, including Chief Executive Carrie Lam, over their roles in curtailing political freedoms in the former U.K. colony, the Treasury Department said Friday. Stephen Engle reports on “Bloomberg Daybreak: Australia.”

Pelosi, Mnuchin signal openness to resume aid talks

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin said they were open to restarting coronavirus aid talks after failed negotiations prompted President Trump to take executive actions aimed at easing economic distress sparked by the pandemic. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our … Read more Pelosi, Mnuchin signal openness to resume aid talks

The point: Are media choosing sides in Trump’s TikTok drama?

In this week’s #HeadlineBuster, is TikTok’s time up in the U.S.? We will look at how the media are covering Trump’s threat to ban TikTok in the U.S. on the grounds of national security risks. The Trump administration has been playing up concerns that TikTok’s Beijing-based parent company ByteDance is sharing user data with the … Read more The point: Are media choosing sides in Trump’s TikTok drama?

We Need Smart Stimulus, Says Financial Times’ Tett

Aug.07 — Gillian Tett, Financial Times Editorial Board Chair, says stimulus measures in the U.S. were not dispersed well, exacerbating economic inequities. Larry Summers, Former U.S. Treasury Secretary, says that we need to target pandemic aid better while continuing to turn the economy around. They join David Westin exclusively on “Bloomberg Wall Street Week.”

Summers Says There is Total Confusion in How We View Tech Companies in the U.S.

Aug.07 — Larry Summers, Former U.S. Treasury Secretary, says that we cannot seem to decide whether tech companies are the national champions or villains when it comes to competing with China. He cautions that Internet freedom was once important to the economy, but may not be the right approach now. He joins David Westin exclusively … Read more Summers Says There is Total Confusion in How We View Tech Companies in the U.S.

Pelosi: ‘We Have a Moral Responsibility to Find Common Ground’ on Stimulus

Treasury Secretary Steven Mnuchin rejected an offer from House Speaker Nancy Pelosi to roughly split the difference in the price tags of the Democratic and Republican coronavirus relief plans as they returned to talks aimed at striking a deal. “That’s a non-starter,” Mnuchin said Friday as he headed for another round of talks with Pelosi … Read more Pelosi: ‘We Have a Moral Responsibility to Find Common Ground’ on Stimulus

Schumer Compares Pelosi to ‘Lioness’ in Negotiations with Republicans

“Speaker’s been like a lioness…in pursuing this at every meeting we have been at.” Sen. Schumer notes that executive orders leave out “testing, tracing, treatment,” which he says Pelosi has been fiercely pushing for. Treasury Secretary Steven Mnuchin rejected an offer from House Speaker Nancy Pelosi to roughly split the difference in the price tags … Read more Schumer Compares Pelosi to ‘Lioness’ in Negotiations with Republicans

U.S. sanctions 11 Hong Kong officials, including Lam

The United States has announced a round of sanctions on eleven Hong Kong officials, including Chief Executive Carrie Lam. The U.S. Treasury Department says they will target those believed to be undermining Hong Kong’s autonomy. Lam has said she does not worry about U.S. sanctions, adding that she doesn’t have any properties in the U.S., … Read more U.S. sanctions 11 Hong Kong officials, including Lam

Australia Announces JobKeeper Extension During Covid-19

Australia’s Prime Minister Scott Morrison announced an extension and additional 15 billion AUD ($10.8 billion) to the government’s JobKeeper scheme to offer relief for Australians during the coronavirus pandemic. “This is the largest program of this nature the country has ever undertaken,” said Morrision during a news conference with Acting Chief Medical Officer Paul Kelly … Read more Australia Announces JobKeeper Extension During Covid-19

Live: Headline Buster – Trump puts TikTok on trial: What’s media’s verdict?

Microsoft has conveniently offered to buy the lucrative slice of the business, if they can cut a deal by September 15, but where does that leave Chinese tech companies that dare to compete with American tech giants? The Trump administration has been playing up concerns that TikTok’s Beijing-based parent company #ByteDance is sharing user data … Read more Live: Headline Buster – Trump puts TikTok on trial: What’s media’s verdict?

Oaktree’s Marks Says U.S. Could Be in Depression Without Fed

Aug.06 — Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, warns the Federal Reserve and U.S. Treasury can’t keep stimulating the economy forever. He speaks with Bloomberg’s Erik Schatzker on “Bloomberg Markets.”

Search for Stimulus: Democrats, Republicans Inch Closer to Deal

Aug.05 — U.S. Treasury Secretary Steven Mnuchin said the White House and Democrats aim to strike a deal on virus-relief legislation by the end of the week — even though the two sides remain far apart on some key issues. Kevin Cirilli is on Capitol Hill for “Bloomberg Surveillance.”