Bob Burgess
@bobburgess.bsky.social
Bloomberg Opinion Executive Editor and markets/eco columnist. Former Executive Editor for Global Markets. Opinions are my own.
Reposted by Bob Burgess
As Trump’s popularity dwindles, should Republicans stay loyal — or rebel, like MTG?
Ron Brownstein explains the consequences 🎥
Ron Brownstein explains the consequences 🎥
November 25, 2025 at 9:49 PM
As Trump’s popularity dwindles, should Republicans stay loyal — or rebel, like MTG?
Ron Brownstein explains the consequences 🎥
Ron Brownstein explains the consequences 🎥
170,000 PEOPLE!
The Trump administration was sued by a group of states over changes to a federal housing-assistance program that allegedly put $3 billion in funding at risk and could force 170,000 people onto the streets
Trump Administration Sued by States Over Homelessness Funds
The Trump administration was sued by a group of states over changes to a federal housing-assistance program that allegedly put $3 billion in funding at risk and could force 170,000 people onto the streets.
bloom.bg
November 25, 2025 at 10:09 PM
170,000 PEOPLE!
Reposted by Bob Burgess
EXCLUSIVE: US presidential envoy Steve Witkoff advised Russia on how to pitch Ukraine plans to Trump, in audio files reviewed by Bloomberg
Witkoff Advised Russia on How to Pitch Ukraine Plan to Trump
US presidential envoy Steve Witkoff, fresh from the triumph of the Gaza peace deal, held a phone call last month with a senior Kremlin official to suggest they work together on a similar plan for Ukraine — and that Vladimir Putin should raise it with Donald Trump.
bloom.bg
November 25, 2025 at 7:52 PM
EXCLUSIVE: US presidential envoy Steve Witkoff advised Russia on how to pitch Ukraine plans to Trump, in audio files reviewed by Bloomberg
"Swalwell alleges Pulte obtained and used the lawmaker’s personal mortgage records in violation of US privacy laws and constitutional protections for political expression."
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Swalwell Claims Pulte Abused Power to Target Trump Critics
Representative Eric Swalwell, a California Democrat who has been a frequent critic of Donald Trump, filed a lawsuit on Tuesday claiming Federal Housing Finance Agency Director Bill Pulte abused his po...
www.bloomberg.com
November 25, 2025 at 8:13 PM
"Swalwell alleges Pulte obtained and used the lawmaker’s personal mortgage records in violation of US privacy laws and constitutional protections for political expression."
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
BREAKING:
"...Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks."
www.bloomberg.com/news/article...
"...Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks."
www.bloomberg.com/news/article...
Hassett Emerges as Frontrunner in Trump Fed Chair Audition
White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people famil...
www.bloomberg.com
November 25, 2025 at 5:02 PM
BREAKING:
"...Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks."
www.bloomberg.com/news/article...
"...Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks."
www.bloomberg.com/news/article...
Reposted by Bob Burgess
Why is the price of turkey going down? Maybe people like chicken better
Your Turkey Is Cheaper This Thanksgiving. That’s About It.
Early this month, you may remember, President Donald Trump caught a lot of flak for bragging on Truth Social that “2025 Thanksgiving dinner under Trump is 25% lower than 2024 Thanksgiving dinner under Biden, according to Walmart. My cost [sic] are lower than the Democrats on everything.” The problem with these claims was that the cheaper 2025 Walmart Thanksgiving meal consisted of just 15 items compared with 29 last year, while consumer prices overall are higher than when Trump took office in Ja
bloom.bg
November 25, 2025 at 12:15 PM
Why is the price of turkey going down? Maybe people like chicken better
"I have weathered many economic cycles going back to the oil bust of the 1980s and have always seen light at the end of the tunnel, and we have always come out the other side stronger. I don't see any light when I look down the tunnel today, only more tunnel."
www.dallasfed.org/research/sur...
www.dallasfed.org/research/sur...
Texas service sector activity retreats slightly
Texas service sector activity contracted in November, though at a slower pace than in October, according to business executives responding to the Texas Service Sector Outlook Survey.
www.dallasfed.org
November 25, 2025 at 3:35 PM
"I have weathered many economic cycles going back to the oil bust of the 1980s and have always seen light at the end of the tunnel, and we have always come out the other side stronger. I don't see any light when I look down the tunnel today, only more tunnel."
www.dallasfed.org/research/sur...
www.dallasfed.org/research/sur...
This blows my mind. The Conference board's Consumer Confidence report shows the young folks - under 35 - are GETTING MORE CONFIDENT, while those ages 35-54 and 55 and over get LESS CONFIDENT:
November 25, 2025 at 3:21 PM
This blows my mind. The Conference board's Consumer Confidence report shows the young folks - under 35 - are GETTING MORE CONFIDENT, while those ages 35-54 and 55 and over get LESS CONFIDENT:
Trump says he has pledges from foreign governments and countries to invest $21 trillion in the US.
The actual numbers are SUBSTANTIALLY lower, and even the White House's own list of projects falls far short of Trump's claim.
www.bloomberg.com/graphics/202...
The actual numbers are SUBSTANTIALLY lower, and even the White House's own list of projects falls far short of Trump's claim.
www.bloomberg.com/graphics/202...
Trump’s $21 Trillion Investment Boom Is Actually Short Trillions
Bloomberg Economics analysis shows real investment commitments closer to $7 trillion and many of those are in question.
www.bloomberg.com
November 25, 2025 at 3:06 PM
Trump says he has pledges from foreign governments and countries to invest $21 trillion in the US.
The actual numbers are SUBSTANTIALLY lower, and even the White House's own list of projects falls far short of Trump's claim.
www.bloomberg.com/graphics/202...
The actual numbers are SUBSTANTIALLY lower, and even the White House's own list of projects falls far short of Trump's claim.
www.bloomberg.com/graphics/202...
“You don’t get the sense with Trump that there’s a strategy to it."
“In a number of these cases, there seems to be almost no serious review.”
“They don’t seem well thought out.”
www.nytimes.com/2025/11/25/u...
“In a number of these cases, there seems to be almost no serious review.”
“They don’t seem well thought out.”
www.nytimes.com/2025/11/25/u...
$10 Billion and Counting: Trump Administration Snaps Up Stakes in Private Firms
www.nytimes.com
November 25, 2025 at 3:02 PM
“You don’t get the sense with Trump that there’s a strategy to it."
“In a number of these cases, there seems to be almost no serious review.”
“They don’t seem well thought out.”
www.nytimes.com/2025/11/25/u...
“In a number of these cases, there seems to be almost no serious review.”
“They don’t seem well thought out.”
www.nytimes.com/2025/11/25/u...
Reposted by Bob Burgess
One man -- Marco Rubio -- serves this country as both National Security Adviser and Secretary of State.
And he was nowhere near the drafting of that Ukraine 'peace plan,' which was instead devised by the president's real-estate buddy and his son-in-law.
🎁
www.wsj.com/world/russia...
And he was nowhere near the drafting of that Ukraine 'peace plan,' which was instead devised by the president's real-estate buddy and his son-in-law.
🎁
www.wsj.com/world/russia...
November 25, 2025 at 12:29 PM
One man -- Marco Rubio -- serves this country as both National Security Adviser and Secretary of State.
And he was nowhere near the drafting of that Ukraine 'peace plan,' which was instead devised by the president's real-estate buddy and his son-in-law.
🎁
www.wsj.com/world/russia...
And he was nowhere near the drafting of that Ukraine 'peace plan,' which was instead devised by the president's real-estate buddy and his son-in-law.
🎁
www.wsj.com/world/russia...
Reposted by Bob Burgess
“.. In some areas, such as New York City, the surge has been dramatic — with residential [utility] shutoffs in August up fivefold from a year ago, utility filings show.”
@washingtonpost.com
www.washingtonpost.com/business/202...
@washingtonpost.com
www.washingtonpost.com/business/202...
November 24, 2025 at 7:59 PM
“.. In some areas, such as New York City, the surge has been dramatic — with residential [utility] shutoffs in August up fivefold from a year ago, utility filings show.”
@washingtonpost.com
www.washingtonpost.com/business/202...
@washingtonpost.com
www.washingtonpost.com/business/202...
Reposted by Bob Burgess
They're cutting in December (I didn't think this was the case until the Williams comments, but now Daly too).
November 24, 2025 at 8:00 PM
They're cutting in December (I didn't think this was the case until the Williams comments, but now Daly too).
Reposted by Bob Burgess
I thought of you when I read this newsletter. Was this your idea? www.bloomberg.com/opinion/news...
Leave the Gold in the Ground
Yap money stones, consultation fees, Morgan Stanley vendors, crypto-to-GSE contagion and the Epstein files.
www.bloomberg.com
November 24, 2025 at 7:02 PM
I thought of you when I read this newsletter. Was this your idea? www.bloomberg.com/opinion/news...
BREAKING:
WASHINGTON (AP) — Judge dismisses cases against James Comey and Letitia James after finding that prosecutor was illegally appointed.
WASHINGTON (AP) — Judge dismisses cases against James Comey and Letitia James after finding that prosecutor was illegally appointed.
November 24, 2025 at 5:44 PM
BREAKING:
WASHINGTON (AP) — Judge dismisses cases against James Comey and Letitia James after finding that prosecutor was illegally appointed.
WASHINGTON (AP) — Judge dismisses cases against James Comey and Letitia James after finding that prosecutor was illegally appointed.
Businesses in Texas aren't happy:
"We don't know if it's the shutdown or just that demand has dropped, but our orders have dropped in half."
"If no uptick in business in the next 1-2 months, will need some further reduction in workforce to right-size operations."
www.dallasfed.org/research/sur...
"We don't know if it's the shutdown or just that demand has dropped, but our orders have dropped in half."
"If no uptick in business in the next 1-2 months, will need some further reduction in workforce to right-size operations."
www.dallasfed.org/research/sur...
Texas manufacturing activity accelerates, though employment remains flat
Texas factory activity expanded at a markedly faster pace in November, according to business executives responding to the Texas Manufacturing Outlook Survey.
www.dallasfed.org
November 24, 2025 at 3:36 PM
Businesses in Texas aren't happy:
"We don't know if it's the shutdown or just that demand has dropped, but our orders have dropped in half."
"If no uptick in business in the next 1-2 months, will need some further reduction in workforce to right-size operations."
www.dallasfed.org/research/sur...
"We don't know if it's the shutdown or just that demand has dropped, but our orders have dropped in half."
"If no uptick in business in the next 1-2 months, will need some further reduction in workforce to right-size operations."
www.dallasfed.org/research/sur...
America is "left dealing with a major mismatch in skills and the lack of analytical thinkers with strong math abilities who can use and adapt to however technology evolves. Neither our education nor immigration system is producing enough of these people."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
AI Is More Likely to Cause a Labor Shortage. Here’s Why.
There are two big worries when it comes to the rapid advances in artificial intelligence. The first is that it will lead to robot overlords that will eradicate humanity. The second is that AI will eli...
www.bloomberg.com
November 24, 2025 at 2:38 PM
America is "left dealing with a major mismatch in skills and the lack of analytical thinkers with strong math abilities who can use and adapt to however technology evolves. Neither our education nor immigration system is producing enough of these people."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Reposted by Bob Burgess
Blue Owl Capital's Co-CEO thinks investors are suffering a mass delusion about risks in private credit. But betting against the firm looks like a good hedge for private credit and AI excesses.
Blue Owl Is The Sum Of All Fears
www.bloomberg.com/opinion/arti...
Blue Owl Is The Sum Of All Fears
www.bloomberg.com/opinion/arti...
November 24, 2025 at 9:19 AM
Blue Owl Capital's Co-CEO thinks investors are suffering a mass delusion about risks in private credit. But betting against the firm looks like a good hedge for private credit and AI excesses.
Blue Owl Is The Sum Of All Fears
www.bloomberg.com/opinion/arti...
Blue Owl Is The Sum Of All Fears
www.bloomberg.com/opinion/arti...
"The way to stop this cycle is to show that specific unthinkable, unconstitutional ideas are unthinkable for good reason: They break the deep structure of our system, and their normalization would profoundly undermine the operation of the Constitution."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
How Constitutional Limits Become Negotiable
The most astonishing feature of Donald Trump’s decade as one of the most dominant figures in American politics is his ability to make the unthinkable seem not only thinkable, but possible. The preside...
www.bloomberg.com
November 24, 2025 at 2:35 PM
"The way to stop this cycle is to show that specific unthinkable, unconstitutional ideas are unthinkable for good reason: They break the deep structure of our system, and their normalization would profoundly undermine the operation of the Constitution."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Reposted by Bob Burgess
Any speculator who bought Trump’s memecoin at its peak after it was announced inauguration weekend would have lost almost the entire value of their investment by this month.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Crypto Crash Is Eroding Wealth for Trump’s Family and Followers
In President Donald Trump’s second term, crypto assets transformed his family’s wealth. Now the Trumps — and their followers — are getting a crash course in the wild volatility ingrained in digital cu...
www.bloomberg.com
November 23, 2025 at 9:42 PM
Any speculator who bought Trump’s memecoin at its peak after it was announced inauguration weekend would have lost almost the entire value of their investment by this month.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
"That argument — that working women are woke and will be the downfall of corporate America — is the subject of conservative commentator Helen Andrews’ viral essay,
'The Great Feminization,' which is reverberating in conservative circles."
www.bloomberg.com/opinion/arti...
'The Great Feminization,' which is reverberating in conservative circles."
www.bloomberg.com/opinion/arti...
The Gender Wars Are Heating Up — on the Right
More than half a million women left the labor force this year. Many are mothers with young children. It's being called the next she-cession.
www.bloomberg.com
November 21, 2025 at 8:19 PM
"That argument — that working women are woke and will be the downfall of corporate America — is the subject of conservative commentator Helen Andrews’ viral essay,
'The Great Feminization,' which is reverberating in conservative circles."
www.bloomberg.com/opinion/arti...
'The Great Feminization,' which is reverberating in conservative circles."
www.bloomberg.com/opinion/arti...
"It’s a decidedly un-Buffett-like move to buy a company, even one as well established as Alphabet, whose future relies on yet unproven technology."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Berkshire’s Alphabet Buy Sure Doesn’t Sound Like Buffett
One of the highest-profile bets on artificial intelligence just came from a most unlikely place. Berkshire Hathaway Inc., led for six decades by value-conscious investor Warren Buffett, disclosed last...
www.bloomberg.com
November 21, 2025 at 8:18 PM
"It’s a decidedly un-Buffett-like move to buy a company, even one as well established as Alphabet, whose future relies on yet unproven technology."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
"The US plan for ending Russia’s invasion is a remarkable document. It rewards aggression and punishes the victim. It undermines the most important principle of international law, which is that sovereign borders should not be changed by force."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
The White House Ukraine Plan Is Shameless and Should Be Rejected
The US plan for ending Russia’s invasion is a remarkable document. It rewards aggression and punishes the victim. It undermines the most important principle of international law, which is that soverei...
www.bloomberg.com
November 21, 2025 at 8:16 PM
"The US plan for ending Russia’s invasion is a remarkable document. It rewards aggression and punishes the victim. It undermines the most important principle of international law, which is that sovereign borders should not be changed by force."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Reposted by Bob Burgess
A startup has a bold, new plan to dim the sun. But is it a good idea?
@lararhiannon.bsky.social explains the state of solar geoengineering — and it’s risks 🎥
@lararhiannon.bsky.social explains the state of solar geoengineering — and it’s risks 🎥
November 21, 2025 at 7:29 PM
A startup has a bold, new plan to dim the sun. But is it a good idea?
@lararhiannon.bsky.social explains the state of solar geoengineering — and it’s risks 🎥
@lararhiannon.bsky.social explains the state of solar geoengineering — and it’s risks 🎥
