Show Notes
Energy Secretary Chris Wright said that he expects diesel prices to be 'dropped significantly' but will need increased exports out of the Arabian Gulf to manage it amid the ongoing war with Iran. Wright also spoke about Russia's diesel output, saying that the only way Russia can benefit from recently permitted exports of diesel is to deliver a ceasefire on energy or end the war. Wright spoke with Bloomberg's Joe Mathieu. See omnystudio.com/listener for privacy information.
More from Bloomberg Talks
Jersey Mike's beat estimates with their 3rd Quarter earnings. CEO Charlie Morrison discussed the company's earnings report, their expansion plans, and same-store sales growth. Morrison spoke with Bloomberg's Romaine Bostick. See omnystudio.com/listener for privacy information.
Terry Duffy, Chairman & CEO of CME Group, discusses how commodity exchanges are urging US regulators to withhold approval of Kalshi’s proposed perpetual oil futures contract and potentially closing a loophole that gives retail traders access to offshore platforms. Duffy spoke with Bloomberg's Scarlet Fu and Isabelle Lee. See omnystudio.com/listener for privacy information.
Baker Hughes beats Wall Street’s profit expectations but falls short of the high bar investors had set heading into earnings. Chairman and CEO Lorenzo Simonelli discusses the third-quarter results and outlook. Simonelli spoke with Bloomberg's Dani Burger and Isabelle Lee. See omnystudio.com/listener for privacy information.
Alphabet reported quarterly sales and profit in the third quarter that fell short of expectations, a sign that the firm is failing to generate enough return to justify its massive investments in AI. The stock fell in late trading. Google’s parent company said sales, excluding partner payouts, were $111.2 billion for the three months that ended Sept. 30, just below the $111.3 billion that analysts had projected on average. Alphabet reported net income of $2.12 a share, falling far below Wall Street’s estimate of $2.99. The company’s shares were down as much as 8.5% in after-hours trading. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Bloomberg Tech host Ed Ludlow. See omnystudio.com/listener for privacy information.
Bloomberg's Tom Keene, Jon Ferro and Lisa Abramowicz discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve officials left interest rates unchanged and reiterated their commitment to containing inflation without offering a clear signal they might raise rates at their next meeting in December. But Fed Chairman Kevin Warsh, in a press conference that followed the decision, said officials have “made clear our readiness to act as circumstances require, and we have shown our willingness to act.” See omnystudio.com/listener for privacy information.