@Bloomberg | Forever recovering hill staffer & campaign flack | Views are mine
New York, NY
Joined July 2011
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What does the US-China AI race mean for geopolitics and economic competitiveness?
Great conversation between Bloomberg Geoeconomics’ Michael Deng and @michael___tran, Head of AI & Digital Product at RBC Capital Markets, on the opportunities and challenges ahead.
A lot more riding on the midterms than who controls Congress. Great discussion on what the outcome could mean for US policy, markets & business, with a stacked Bloomberg panel @nathandeanDC @ChrisJKennedy @dflakoll @NYCStein @lyndsayhoward
Watch: events.bloombergevents.com/h…
Case in point. Bloomberg found 600+ new @Polymarket wallets with no prior trading history betting on Netanyahu or Likud. Polymarket is investigating dozens of accounts.
Scoop from @denitsa_tsekova @bdanweiss @Leonardonclt bloomberg.com/news/articles/…
Prediction markets already have an insider trading problem and now the SEC is getting involved, with its enforcement chief signaling action as bets expand into corporate earnings and performance metrics. Scoop from @nicola_m_white & @rebeccaklar_ bloomberg.com/news/articles/…
Bloomberg puts a price tag on two of Trump’s biggest policies. Tariffs are costing the average household about $1,100 a year, while higher gas and diesel prices tied to the Iran war have cost another $1,120 so far —That’s more than $2,200 per household. bloomberg.com/news/articles/…
Another data point worth watching after yesterday’s Bloomberg Geoeconomics analysis. Nine supertankers with capacity for roughly 18M barrels were loading at Saudi Persian Gulf terminals Wednesday, the most simultaneously moored there since the war began. bloomberg.com/news/articles/…
New from Bloomberg Geoeconomics: Renewed strikes on Iran likely after the midterms regardless of who controls Congress, allowing time for a US military buildup and more oil to move out of the Strait.
Full analysis from @becca_wasser @DEsfandiary @ChrisJKennedy on @TheTerminal
Interesting signal from the White House on rates. NEC Director Kevin Hassett told Bloomberg TV another hot inflation print in October could warrant a Fed hike, while cooler data would suggest September was just a blip
bloomberg.com/news/videos/20…
Interesting part isn’t just that Vance is pushing for talks, but who he’s talking to. Bloomberg Geoeconomics’ @DEsfandiary says it suggests Washington thinks going directly to Iran’s hardliners may be the way to get a deal.
Analysis on @TheTerminal: blinks.bloomberg.com/news/st…
Exclusive: JD Vance has engaged one of Iran’s most powerful hard-liners to revive peace talks even as Trump threatens to restart the war after next week’s midterms on.wsj.com/3UplHPb
Prediction markets already have an insider trading problem and now the SEC is getting involved, with its enforcement chief signaling action as bets expand into corporate earnings and performance metrics. Scoop from @nicola_m_white & @rebeccaklar_ bloomberg.com/news/articles/…
And @leopoldasch is back. Situational Awareness is pitching investors on another AI bet with a new Fluidstack round valuing the company at $40B. It was valued at just $7.5B in January. bloomberg.com/news/articles/…
ALT Leopold AschenbrennerPhotographer: Josh Edelson
The AI buildout is hitting a political reality check in TX. With 57% opposed to a data center in their community, Gov. Abbott has gone from calling TX the “epicenter of AI development” to putting new projects under added scrutiny ahead of the midterms. bloomberg.com/news/articles/…
AI is starting to leave a pretty big mark on global debt markets. Bond sales have already hit a record $6.61T this year, with cloud and data center firms raising nearly $368B, more than 6x last year, according to Bloomberg data. bloomberg.com/news/articles/…
The scale of borrowing behind the AI buildout is getting pretty wild. At least 18 data center junk bond and leveraged loan deals now carry double digit yields, while highly rated data center bonds have climbed from below 5% to around 7% this year, according to Bloomberg data.
The paradox at Weil is that the firm generated $2.1B last year with $5.6M in profits per equity partner, while revenue and net income were up 19% through April.
The leader of a Weil Gotshal & Manges practice group told his junior lawyers to look for employment elsewhere as the firm’s future has become uncertain. news.bloomberglaw.com/busine…
New from Bloomberg Geoeconomics: Renewed strikes on Iran likely after the midterms regardless of who controls Congress, allowing time for a US military buildup and more oil to move out of the Strait.
Full analysis from @becca_wasser @DEsfandiary @ChrisJKennedy on @TheTerminal
Takeaway: Bibi has come out stronger despite falling short of a majority; he beat expectations, finished ahead of Eisenkot’s bloc and could have an advantage if Israel heads to another election.
Reporting via @PaulWallace123 w/ insight from @stevenacook: bloomberg.com/news/articles/…
Israel’s election deadlock leaves Netanyahu in power during coalition talks, and Bloomberg Geoeconomics’ @DEsfandiary says another Iran war could reshape the political math and open the door to a national unity government. youtube.com/shorts/jUrxn0DqG…
A Democratic sweep of Congress may not change US foreign policy all that much. Bloomberg Geoeconomics’ @geoeconjennie & @ChrisJKennedy find lawmakers could slow Trump through funding, confirmations and oversight, but have few ways to fundamentally reshape his agenda.
Even blocking Trump nominees may only go so far. More than 47% of US ambassador posts are already vacant, suggesting the administration doesn’t view filling every Senate-confirmed role as essential to advancing its agenda.
Full analysis on @TheTerminal: blinks.bloomberg.com/news/st…
Companies aren’t just talking about geopolitical risk anymore, with 77% of 3,500 business leaders and insurance buyers across seven major markets surveyed by @Zurich saying rising tensions will push supply chain or supplier changes over the next year. cyberservices.beazley.com/en…
Even if Netanyahu loses Israel may not look all that different in how it deals with the wider region. Bloomberg Geoeconomics’ @DEsfandiary says Netanyahu’s camp and his main opponents are much more divided over domestic issues than over security and foreign policy.
