Bob Burgess
@bobburgess.bsky.social
Bloomberg Opinion Executive Editor and markets/eco columnist. Former Executive Editor for Global Markets. Opinions are my own.
NOAH FELDMAN:
"The district courts’ resistance to Trump isn’t a product of ideology. It’s a product of the judges’ steadfast commitment to following the law, no matter who the parties are. It’s a testament to their professionalism and their courage."
www.bloomberg.com/opinion/arti...
"The district courts’ resistance to Trump isn’t a product of ideology. It’s a product of the judges’ steadfast commitment to following the law, no matter who the parties are. It’s a testament to their professionalism and their courage."
www.bloomberg.com/opinion/arti...
The Real Heroes of the Assault on the Constitution
In the spirit of Thanksgiving gratitude, it’s time to show a little love for US federal district judges. While the Supreme Court justices get the glory (and these days, the blame), district court judg...
www.bloomberg.com
November 28, 2025 at 2:20 PM
NOAH FELDMAN:
"The district courts’ resistance to Trump isn’t a product of ideology. It’s a product of the judges’ steadfast commitment to following the law, no matter who the parties are. It’s a testament to their professionalism and their courage."
www.bloomberg.com/opinion/arti...
"The district courts’ resistance to Trump isn’t a product of ideology. It’s a product of the judges’ steadfast commitment to following the law, no matter who the parties are. It’s a testament to their professionalism and their courage."
www.bloomberg.com/opinion/arti...
"I recently ordered something from Etsy. I was surprised to find that the item wouldn’t be delivered until I wrote an additional $32 check to the US Postal Service for the tariff amount...Try to tell me that a tariff is not a tax."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
More Affordable Holidays Are a Presidential Pen-Swipe Away
The Trump administration was voted in to turn price hikes around and make things more affordable. It’s time to try harder.
www.bloomberg.com
November 28, 2025 at 2:01 PM
"I recently ordered something from Etsy. I was surprised to find that the item wouldn’t be delivered until I wrote an additional $32 check to the US Postal Service for the tariff amount...Try to tell me that a tariff is not a tax."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Reposted by Bob Burgess
Whether you're banished to the kids’ table or trusted to carve the bird, here are some questions guaranteed to keep your family and friends awake this Thanksgiving
Approved Thanksgiving Dinner Topics
Sinking homes? The future of AI? Here are some subjects that are sure to keep your Thanksgiving guests on their toes.
bloom.bg
November 26, 2025 at 8:30 PM
Whether you're banished to the kids’ table or trusted to carve the bird, here are some questions guaranteed to keep your family and friends awake this Thanksgiving
"The bill for a $21 ball of yarn now includes $12 to $15 in brokerage fees that her shipper UPS charges, plus state taxes and a 6.5% tariff, all of which almost doubles her costs."
“It’s amazing how many people really didn’t know what the impact was going to be.”
apnews.com/article/de-m...
“It’s amazing how many people really didn’t know what the impact was going to be.”
apnews.com/article/de-m...
Sellers in other countries struggle to maintain US customers as holiday shopping season starts
Small businesses are struggling to adapt since the U.S. ended the "de minimis" exemption on Aug. 29, which allowed imports under $800 to be tariff-free.
apnews.com
November 26, 2025 at 7:42 PM
"The bill for a $21 ball of yarn now includes $12 to $15 in brokerage fees that her shipper UPS charges, plus state taxes and a 6.5% tariff, all of which almost doubles her costs."
“It’s amazing how many people really didn’t know what the impact was going to be.”
apnews.com/article/de-m...
“It’s amazing how many people really didn’t know what the impact was going to be.”
apnews.com/article/de-m...
"Golden Age"
"American households are paying more than ever before for electricity after prices surged the most in almost two years, according to the US Energy Information Administration."
www.bloomberg.com/news/article...
"American households are paying more than ever before for electricity after prices surged the most in almost two years, according to the US Energy Information Administration."
www.bloomberg.com/news/article...
Americans Paying Record Electricity Prices as Gas Costs Climb
American households are paying more than ever before for electricity after prices surged the most in almost two years, according to the US Energy Information Administration.
www.bloomberg.com
November 26, 2025 at 6:44 PM
"Golden Age"
"American households are paying more than ever before for electricity after prices surged the most in almost two years, according to the US Energy Information Administration."
www.bloomberg.com/news/article...
"American households are paying more than ever before for electricity after prices surged the most in almost two years, according to the US Energy Information Administration."
www.bloomberg.com/news/article...
Reposted by Bob Burgess
Outer Banks houses falling into the ocean are spectacular, but when it comes to the effects of sea-level rise, they’re just the tip of the melting iceberg
Gift link to my @opinion.bloomberg.com column:
www.bloomberg.com/opinion/arti...
Gift link to my @opinion.bloomberg.com column:
www.bloomberg.com/opinion/arti...
Outer Banks Homes Collapsing Is Just a Taste of What’s to Come
On Sept. 20, 2024, a four-bedroom, three-bathroom beach house in Buxton, North Carolina, in the heart of the Outer Banks, sold for $580,000. On Oct. 28 this year, the house, known as Mermaid’s Rest, c...
www.bloomberg.com
November 26, 2025 at 1:49 PM
Outer Banks houses falling into the ocean are spectacular, but when it comes to the effects of sea-level rise, they’re just the tip of the melting iceberg
Gift link to my @opinion.bloomberg.com column:
www.bloomberg.com/opinion/arti...
Gift link to my @opinion.bloomberg.com column:
www.bloomberg.com/opinion/arti...
What could go wrong? It's only nuclear energy...
Typically, a company’s revenue, track record and market advantage drive valuations.
But in the age of President Trump’s promised nuclear revival, shareholders see connections to the White House as the road to profitability, investment analysts say.
But in the age of President Trump’s promised nuclear revival, shareholders see connections to the White House as the road to profitability, investment analysts say.
Kilowatts or connections? Trump’s favored nuclear start-ups soar to riches.
Founders of politically connected nuclear companies that have never built commercial reactors are becoming billionaires.
wapo.st
November 26, 2025 at 5:02 PM
What could go wrong? It's only nuclear energy...
S&P JUST DROPPED A TURKEY ON STABLECOINS
"S&P Global Ratings has reassessed the ability of Tether (USDT) to maintain its peg to the U.S. dollar to 5 (weak) from 4 (constrained). The negative revision reflects an increase in higher-risk assets backing USDT’s reserve since our last review."
"S&P Global Ratings has reassessed the ability of Tether (USDT) to maintain its peg to the U.S. dollar to 5 (weak) from 4 (constrained). The negative revision reflects an increase in higher-risk assets backing USDT’s reserve since our last review."
November 26, 2025 at 3:29 PM
S&P JUST DROPPED A TURKEY ON STABLECOINS
"S&P Global Ratings has reassessed the ability of Tether (USDT) to maintain its peg to the U.S. dollar to 5 (weak) from 4 (constrained). The negative revision reflects an increase in higher-risk assets backing USDT’s reserve since our last review."
"S&P Global Ratings has reassessed the ability of Tether (USDT) to maintain its peg to the U.S. dollar to 5 (weak) from 4 (constrained). The negative revision reflects an increase in higher-risk assets backing USDT’s reserve since our last review."
Eric Trump: “We’re going to change finance forever.”
--Weeks later, Alt5 suspended its CEO
--Alt5 told its staff it would likely face litigation & regulatory investigations
--Several senior executives have quit or been fired
--Alt5’s shares have fallen 75%
www.theinformation.com/articles/tru...
--Weeks later, Alt5 suspended its CEO
--Alt5 told its staff it would likely face litigation & regulatory investigations
--Several senior executives have quit or been fired
--Alt5’s shares have fallen 75%
www.theinformation.com/articles/tru...
Trump Family Crypto Deal Runs Aground
Eric Trump and Donald Trump Jr. rang the bell at Nasdaq’s New York headquarters in August to celebrate the announcement of a deal that could have netted the family a windfall of hundreds of millions o...
www.theinformation.com
November 26, 2025 at 2:10 PM
Eric Trump: “We’re going to change finance forever.”
--Weeks later, Alt5 suspended its CEO
--Alt5 told its staff it would likely face litigation & regulatory investigations
--Several senior executives have quit or been fired
--Alt5’s shares have fallen 75%
www.theinformation.com/articles/tru...
--Weeks later, Alt5 suspended its CEO
--Alt5 told its staff it would likely face litigation & regulatory investigations
--Several senior executives have quit or been fired
--Alt5’s shares have fallen 75%
www.theinformation.com/articles/tru...
Reposted by Bob Burgess
Here's where #gasprices are above their year ago level:
AK +26c
OR +24c
WA +20c
CA +19c
ID +16c
AZ +13c
UT +10c
NV +8c
RI +7c
MN +6c
MT +5c
NJ +5c
TX +3c
VT +2c
CT +1c
MA +1c
AK +26c
OR +24c
WA +20c
CA +19c
ID +16c
AZ +13c
UT +10c
NV +8c
RI +7c
MN +6c
MT +5c
NJ +5c
TX +3c
VT +2c
CT +1c
MA +1c
November 26, 2025 at 2:03 PM
Here's where #gasprices are above their year ago level:
AK +26c
OR +24c
WA +20c
CA +19c
ID +16c
AZ +13c
UT +10c
NV +8c
RI +7c
MN +6c
MT +5c
NJ +5c
TX +3c
VT +2c
CT +1c
MA +1c
AK +26c
OR +24c
WA +20c
CA +19c
ID +16c
AZ +13c
UT +10c
NV +8c
RI +7c
MN +6c
MT +5c
NJ +5c
TX +3c
VT +2c
CT +1c
MA +1c
Possibly the next chair of the Federal Reserve: "They can't afford bread for stuffing? Tell them to substitute cake!"
Hassett: "On one of the Sunday shows, the anchor criticized the fact Walmart said the Thanksgiving dinner is cheaper by about $10. Then he said, 'Oh yeah, but they substituted generic stuff,' as if having a generic something is a crime for ordinary folks! It shows how out of touch these people are."
November 26, 2025 at 1:46 PM
Possibly the next chair of the Federal Reserve: "They can't afford bread for stuffing? Tell them to substitute cake!"
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).