Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF (http://bit.ly/3vTiACF).
Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel
Today’s Podcast Features are:
Scott Sosnick, Editor in Chief at Sportico, discusses how a consortium that includes tech and real estate investors, alongside a private equity firm, reaching a deal to buy the National Basketball Association (https://www.bloomberg.com/quote/1035176Z:US)’s Boston Celtics for $6.1 billion.
The takeover is not only the biggest NBA deal ever, surpassing the $4 billion valuation hit when Mat Ishbia struck an agreement for the Phoenix Suns (https://www.bloomberg.com/quote/325663Z:US) in late 2022, but also the largest ever sports takeover. The Washington Commanders were sold in 2023 for $6.05 billion.
Sandi Bragar, Chief Client Officer at Aspiriant,discusses her outlook for the markets.
US economy: She expects the US economy to bend not break. Her view is we’re still in the very early stages of policy changes and we’re starting off with the more punitive changes now (tariffs & spending cuts) but the more stimulative changes are also coming (tax cuts and deregulation). Fed Policy: She thinks the FOMC decision was generally ‘as expected.’ She’s not expecting rate increases any time soon.
Craig Trudell, Bloomberg Global Autos Editor, discusses Tesla recalling all the Cybertrucks it produced and sold in the first 15 months it’s been on the US market over a safety issue it’s having trouble resolving. The carmaker estimates that 1% of the 46,096 pickups it’s calling back have a defect, according to a recall report filed with the US National Highway Traffic Safety Administration. Pieces of steel trim along the exterior of the Cybertruck are joined to the vehicle by an adhesive that’s “susceptible to environmental embrittlement,” the company said.
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
Paul Sweeney and the Bloomberg News team cover the day’s market action, with analysis from Bloomberg Intelligence analysts, Bloomberg Opinion writers and influential newsmakers.
Watch us LIVE on YouTube: https://youtube.com/live/f39oHo6vFLg
Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
Listen to more Bloomberg Intelligence: https://www.youtube.com/playlist?list=PLe4PRejZgr0MfvtfGTYQIno9T-8l8nKFv
#News #Markets #Bloomberg #Podcast #Business #Finance
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts
Visit our other YouTube channels:
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
For coverage on news, markets and more: http://www.bloomberg.com/video
