November 21, 2025 • 5 mins
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Speaker 1 (00:00):
News when you want it With Bloomberg News Now, I'm
Amy Morris. President Trump's team is holding early discussions on
whether to allow Nvidia to sell its H two hundred
AI chips to China. This would mark a major departure
from the Trump administration's earlier public stances on semiconductor export
controls and could represent a concession to Beijing. Former National
(00:22):
Security advisor and director of the Harvard Belfair Center Megan
O'Sullivan tells Bloomberg's Balance of Power that this could be
giving up an advantage for the US.
Speaker 2 (00:31):
America still has a substantial lead, and keeping high end
chips from China for as long as we can is
probably in our national security interest.
Speaker 1 (00:39):
You can hear the entire interview with former National Security
advisor Megan O'Sullivan on the Balance of Power podcast. No
final decision has been made, and it is possible that
the idea remains an internal debate. Today, President Trump hosts
New York Mayor elect Zoran Mamdani at the White House.
They're expected to talk about public safety, economic security, and
(01:00):
housing affordability. President Trump threatened to cut federal funding to
New York if Mam Donnie won. Ukrainian President Vladimir Zelinsky
says his country is facing one of the toughest periods
in its history. He says he cannot accept parts of
a twenty eight point piece plan that the US has
been working on with Russia, and Ukraine's biggest European allies
(01:20):
have already rejected key elements of that plan. It requires
Ukraine to hold elections and give up any hope of
NATO membership. Bloomberg's Oliver Crook.
Speaker 3 (01:29):
They want certain things to be sort of red lines,
and one of those things is that the line of
contact to serve as the starting point for any understanding
that the Ukrainian armed forces remained capable of effectively defending
Ukraine's sovereignty.
Speaker 1 (01:41):
The US has threatened to stop intelligence sharing and weapons
supplies to Ukraine unless Kiev agrees to the peace plan
by Thursday.
Speaker 4 (01:48):
President Trump, I've had a lot of deadlines, but if
things will working well, you tend to or said the deadlines.
But thursdays that we think it appropriate.
Speaker 1 (01:56):
To President Trump spoke on Fox Radio's Brian Kilmead Show.
New data from the University of Michigan show consumers feeling
is bad about the economy. As ever, the survey's gauge
of current conditions is at its lowest level on record.
Feelings about personal finances now at a sixteen year low.
Joannshoe is Michigan's Director of Consumer Surveys.
Speaker 2 (02:16):
It's really about cost of living and affordability. That's what
the consumers are telling us very loud and clear throughout
the interviews. Consumers remain very frustrated by the persistence of
high prices. But what's new in this year is that
consumers have definitely perceived that labor markets are weakening.
Speaker 1 (02:32):
Joanne Shue at the University of Michigan appeared on Bloomberg Television.
More eco data delays leftover from the longest government shutdown
in US history. The Bureau of Labor Statistics says there
will be no October CPI report. That's after last week's
news that there won't be October employment report either. The
government says there will be November data for employment and CPI.
(02:53):
They'll be released on December sixteenth and eighteenth, but that's
after the Fed's December meeting. Bitcoin is on track for
its worst monthly performance since twenty twenty two, having shed
about a quarter of its value in November Mike mcglohon
is a senior commodity strategist at Bloomberg.
Speaker 2 (03:08):
I think at this stage now we might see a bounce,
it might get to one hundred thousand, but I think
it's slipped the switch to a bear market is going
to continue lower.
Speaker 4 (03:16):
I'm just afraid of the Domino's following it.
Speaker 1 (03:18):
Bitcoin now three and a half percent lower, hovering around
eighty four thousand. Traders are driving stocks higher at the
end of this volatile week. We tech markets for you
all day long here at Bloomberg. The S and P
five hundred now up one and a half percent, Nasdaq
up one and a half percent, and the Dow up
one and a half percent. The tenure treasury yield at
four point h six percent, the two year yield at
(03:39):
three point five to one percent. Eli Lilly has become
the first healthcare company worth a trillion dollars. It crossed
that trillion market cap threshold, the first drug maker to
ever reach that milestone. Lily's rise is attributed to its
methodical approach and its weight loss drugs. Now, both Eli
Lilly and Novo Nordisk plan to sell their obesity shots
(03:59):
directly to lawyers through Walt's Health bypassing traditional drug sales channels.
Weight loss medication is expensive, and this way the company
can expand access to the drug. With Walt's Health handling
the patient screening, prescriptions and support, They're targeting about one
hundred thousand people by the end of the first quarter.
Shares of Eli Lilly about two percent higher, shares of
(04:20):
Novo Nordisk about three percent lower now. Earlier this month,
it looked like a FED rate cut in December was
pretty much a sure thing, but since then, odds have
shifted as more FOMC members are talking about persistent inflationary pressures.
Boston FED President Susan Collins tells Bloomberg's odd Lots she's
more concerned about inflation, but she's also paying attention to
(04:41):
signs of labor market deterioration.
Speaker 4 (04:43):
That certainly could justify, you know, near term additional easing,
and so careful to kind of qualify my statements based
on what I'm seeing at the moment that it is
based on balancing risks.
Speaker 1 (04:56):
You're more from Boston FED President Susan Collins on the
Bloomberg Audit podcast. FED Governor Stephen Myron tells Bloomberg news.
Economic data since the last FOMC meeting should, in his words,
push in the dubvish direction.
Speaker 5 (05:09):
All the information that we've gotten the interim since September,
FMC has inclined to the duvish side. You know, we
got weaker inflation than people expected, and we got a
higher n employment rate than folks were expecting.
Speaker 1 (05:22):
Here more from Fed Governor Stephen Myron on the Bloomberg
Surveillance podcast. Dallas FED President Lori Logan says it would
be appropriate to hold rate study at the December meeting,
which she says would allow the FOMC to assess the
degree of restriction from current policy. She spoke at an
event in Zurich. New York FED President John Williams says
he sees monetary policy as being modestly restrictive, somewhat less
(05:43):
so now, and he says he does see room for
another rate cut. And that's news when you want it.
With Bloomberg News now, I'm Amy Morris. This is Bloomberg
News when you want it With Bloomberg News Now, I'm
Amy Morris. President Trump's team is holding early discussions on
whether to allow Nvidia to sell its H two hundred
AI chips to China. This would mark a major departure
from the Trump administration's earlier public stances on semiconductor export
controls and could represent a concession to Beijing. Former National
(00:22):
Security advisor and director of the Harvard Belfair Center Megan
O'Sullivan tells Bloomberg's Balance of Power that this could be
giving up an advantage for the US.
Speaker 2 (00:31):
America still has a substantial lead, and keeping high end
chips from China for as long as we can is
probably in our national security interest.
Speaker 1 (00:39):
You can hear the entire interview with former National Security
advisor Megan O'Sullivan on the Balance of Power podcast. No
final decision has been made, and it is possible that
the idea remains an internal debate. Today, President Trump hosts
New York Mayor elect Zoran Mamdani at the White House.
They're expected to talk about public safety, economic security, and
(01:00):
housing affordability. President Trump threatened to cut federal funding to
New York if Mam Donnie won. Ukrainian President Vladimir Zelinsky
says his country is facing one of the toughest periods
in its history. He says he cannot accept parts of
a twenty eight point piece plan that the US has
been working on with Russia, and Ukraine's biggest European allies
(01:20):
have already rejected key elements of that plan. It requires
Ukraine to hold elections and give up any hope of
NATO membership. Bloomberg's Oliver Crook.
Speaker 3 (01:29):
They want certain things to be sort of red lines,
and one of those things is that the line of
contact to serve as the starting point for any understanding
that the Ukrainian armed forces remained capable of effectively defending
Ukraine's sovereignty.
Speaker 1 (01:41):
The US has threatened to stop intelligence sharing and weapons
supplies to Ukraine unless Kiev agrees to the peace plan
by Thursday.
Speaker 4 (01:48):
President Trump, I've had a lot of deadlines, but if
things will working well, you tend to or said the deadlines.
But thursdays that we think it appropriate.
Speaker 1 (01:56):
To President Trump spoke on Fox Radio's Brian Kilmead Show.
New data from the University of Michigan show consumers feeling
is bad about the economy. As ever, the survey's gauge
of current conditions is at its lowest level on record.
Feelings about personal finances now at a sixteen year low.
Joannshoe is Michigan's Director of Consumer Surveys.
Speaker 2 (02:16):
It's really about cost of living and affordability. That's what
the consumers are telling us very loud and clear throughout
the interviews. Consumers remain very frustrated by the persistence of
high prices. But what's new in this year is that
consumers have definitely perceived that labor markets are weakening.
Speaker 1 (02:32):
Joanne Shue at the University of Michigan appeared on Bloomberg Television.
More eco data delays leftover from the longest government shutdown
in US history. The Bureau of Labor Statistics says there
will be no October CPI report. That's after last week's
news that there won't be October employment report either. The
government says there will be November data for employment and CPI.
(02:53):
They'll be released on December sixteenth and eighteenth, but that's
after the Fed's December meeting. Bitcoin is on track for
its worst monthly performance since twenty twenty two, having shed
about a quarter of its value in November Mike mcglohon
is a senior commodity strategist at Bloomberg.
Speaker 2 (03:08):
I think at this stage now we might see a bounce,
it might get to one hundred thousand, but I think
it's slipped the switch to a bear market is going
to continue lower.
Speaker 4 (03:16):
I'm just afraid of the Domino's following it.
Speaker 1 (03:18):
Bitcoin now three and a half percent lower, hovering around
eighty four thousand. Traders are driving stocks higher at the
end of this volatile week. We tech markets for you
all day long here at Bloomberg. The S and P
five hundred now up one and a half percent, Nasdaq
up one and a half percent, and the Dow up
one and a half percent. The tenure treasury yield at
four point h six percent, the two year yield at
(03:39):
three point five to one percent. Eli Lilly has become
the first healthcare company worth a trillion dollars. It crossed
that trillion market cap threshold, the first drug maker to
ever reach that milestone. Lily's rise is attributed to its
methodical approach and its weight loss drugs. Now, both Eli
Lilly and Novo Nordisk plan to sell their obesity shots
(03:59):
directly to lawyers through Walt's Health bypassing traditional drug sales channels.
Weight loss medication is expensive, and this way the company
can expand access to the drug. With Walt's Health handling
the patient screening, prescriptions and support, They're targeting about one
hundred thousand people by the end of the first quarter.
Shares of Eli Lilly about two percent higher, shares of
(04:20):
Novo Nordisk about three percent lower now. Earlier this month,
it looked like a FED rate cut in December was
pretty much a sure thing, but since then, odds have
shifted as more FOMC members are talking about persistent inflationary pressures.
Boston FED President Susan Collins tells Bloomberg's odd Lots she's
more concerned about inflation, but she's also paying attention to
(04:41):
signs of labor market deterioration.
Speaker 4 (04:43):
That certainly could justify, you know, near term additional easing,
and so careful to kind of qualify my statements based
on what I'm seeing at the moment that it is
based on balancing risks.
Speaker 1 (04:56):
You're more from Boston FED President Susan Collins on the
Bloomberg Audit podcast. FED Governor Stephen Myron tells Bloomberg news.
Economic data since the last FOMC meeting should, in his words,
push in the dubvish direction.
Speaker 5 (05:09):
All the information that we've gotten the interim since September,
FMC has inclined to the duvish side. You know, we
got weaker inflation than people expected, and we got a
higher n employment rate than folks were expecting.
Speaker 1 (05:22):
Here more from Fed Governor Stephen Myron on the Bloomberg
Surveillance podcast. Dallas FED President Lori Logan says it would
be appropriate to hold rate study at the December meeting,
which she says would allow the FOMC to assess the
degree of restriction from current policy. She spoke at an
event in Zurich. New York FED President John Williams says
he sees monetary policy as being modestly restrictive, somewhat less
(05:43):
so now, and he says he does see room for
another rate cut. And that's news when you want it.
With Bloomberg News now, I'm Amy Morris. This is Bloomberg
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