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
Reposted by Bob Burgess
Just by coincidence, Commerce Secretary Howard Lutnick's old firm is having its most lucrative year ever.
The firm is run by Lutnick's sons. www.bloomberg.com/news/feature...
The firm is run by Lutnick's sons. www.bloomberg.com/news/feature...
Howard Lutnick’s Sons Score Record Year as Cantor Denies Trump Conflicts
As it pushes back on suggestions of conflicts of interest, the financial boutique is on track for its most lucrative year ever.
www.bloomberg.com
November 14, 2025 at 7:28 PM
Just by coincidence, Commerce Secretary Howard Lutnick's old firm is having its most lucrative year ever.
The firm is run by Lutnick's sons. www.bloomberg.com/news/feature...
The firm is run by Lutnick's sons. www.bloomberg.com/news/feature...
Reposted by Bob Burgess
It’s the hottest economy in history with $21 trillion coming in.
Also: we need the Fed to cut rates and “prop up this economy.” 🤪
@atrupar.com
Also: we need the Fed to cut rates and “prop up this economy.” 🤪
@atrupar.com
November 14, 2025 at 7:06 PM
It’s the hottest economy in history with $21 trillion coming in.
Also: we need the Fed to cut rates and “prop up this economy.” 🤪
@atrupar.com
Also: we need the Fed to cut rates and “prop up this economy.” 🤪
@atrupar.com
A Dallas Fed report shows how White House policies are hurting deeply red districts:
"After heating up during the summer, the Texas economy appears to have cooled in the fall. ...survey respondents reported increasing price pressures due to tariffs."
(1/2)
www.dallasfed.org/research/swe...
"After heating up during the summer, the Texas economy appears to have cooled in the fall. ...survey respondents reported increasing price pressures due to tariffs."
(1/2)
www.dallasfed.org/research/swe...
Texas economy cools as concerns about tariffs, uncertainty persist
The Texas economy appears to be cooling following an upturn during the summer. The TBOS headline indexes of manufacturing production and services revenue weakened in September and October, following a...
www.dallasfed.org
November 14, 2025 at 6:02 PM
A Dallas Fed report shows how White House policies are hurting deeply red districts:
"After heating up during the summer, the Texas economy appears to have cooled in the fall. ...survey respondents reported increasing price pressures due to tariffs."
(1/2)
www.dallasfed.org/research/swe...
"After heating up during the summer, the Texas economy appears to have cooled in the fall. ...survey respondents reported increasing price pressures due to tariffs."
(1/2)
www.dallasfed.org/research/swe...
Reposted by Bob Burgess
No firm has closer ties to Noem’s political operation than the Strategy Group. It played a central role in her SD gubernatorial campaign. Corey Lewandowski, her top DHS adviser, has worked extensively with it. And its CEO is married to Noem’s chief DHS spokesperson
www.propublica.org/article/kris...
www.propublica.org/article/kris...
Firm Tied to Kristi Noem Secretly Got Money From $220 Million DHS Ad Contracts
The company is run by the husband of Noem’s chief DHS spokesperson and has personal and business ties to Noem and her aides. DHS invoked the “emergency” at the border to skirt competitive bidding rule...
www.propublica.org
November 14, 2025 at 1:24 PM
No firm has closer ties to Noem’s political operation than the Strategy Group. It played a central role in her SD gubernatorial campaign. Corey Lewandowski, her top DHS adviser, has worked extensively with it. And its CEO is married to Noem’s chief DHS spokesperson
www.propublica.org/article/kris...
www.propublica.org/article/kris...
WHY DOES THIS KEEP HAPPENING?
"A convicted Ponzi schemer whose 24-year prison term was commuted by President Donald Trump in 2021 now faces as much as 50 years behind bars for an investor fraud that took place after his clemency."
www.bloomberg.com/news/article...
"A convicted Ponzi schemer whose 24-year prison term was commuted by President Donald Trump in 2021 now faces as much as 50 years behind bars for an investor fraud that took place after his clemency."
www.bloomberg.com/news/article...
Ponzi Schemer Who Got Trump Clemency Faces 50 Years in New Fraud
A convicted Ponzi schemer whose 24-year prison term was commuted by President Donald Trump in 2021 now faces as much as 50 years behind bars for an investor fraud that took place after his clemency.
www.bloomberg.com
November 14, 2025 at 1:28 PM
WHY DOES THIS KEEP HAPPENING?
"A convicted Ponzi schemer whose 24-year prison term was commuted by President Donald Trump in 2021 now faces as much as 50 years behind bars for an investor fraud that took place after his clemency."
www.bloomberg.com/news/article...
"A convicted Ponzi schemer whose 24-year prison term was commuted by President Donald Trump in 2021 now faces as much as 50 years behind bars for an investor fraud that took place after his clemency."
www.bloomberg.com/news/article...
The crypto market is melting down, with Bitcoin officially in a bear market:
November 13, 2025 at 8:26 PM
The crypto market is melting down, with Bitcoin officially in a bear market:
Reposted by Bob Burgess
Epstein isn’t reliable. Neither is Trump.
@timobrien.bsky.social explains why we need an investigation into their ties 🎥
@timobrien.bsky.social explains why we need an investigation into their ties 🎥
November 13, 2025 at 8:14 PM
Epstein isn’t reliable. Neither is Trump.
@timobrien.bsky.social explains why we need an investigation into their ties 🎥
@timobrien.bsky.social explains why we need an investigation into their ties 🎥
“If he was some kind of narcoterrorist,” she said, “then why are we living in misery instead of a mansion?”
www.nytimes.com/2025/11/13/w...
www.nytimes.com/2025/11/13/w...
Family of Fisherman Killed in U.S. Military Strike Says It Wants Justice
www.nytimes.com
November 13, 2025 at 7:12 PM
“If he was some kind of narcoterrorist,” she said, “then why are we living in misery instead of a mansion?”
www.nytimes.com/2025/11/13/w...
www.nytimes.com/2025/11/13/w...
BLOOMBERG GOVERNMENT:
Senate Republicans are quietly pushing back against President Donald Trump’s mid-level nominees, prompting more picks to withdraw than any president in recent history.
Senate Republicans are quietly pushing back against President Donald Trump’s mid-level nominees, prompting more picks to withdraw than any president in recent history.
November 13, 2025 at 6:20 PM
BLOOMBERG GOVERNMENT:
Senate Republicans are quietly pushing back against President Donald Trump’s mid-level nominees, prompting more picks to withdraw than any president in recent history.
Senate Republicans are quietly pushing back against President Donald Trump’s mid-level nominees, prompting more picks to withdraw than any president in recent history.
HAL BRANDS:
"The contours of the emerging order are still hazy. What's clear is that the global risk baseline, with all its market-rattling potential, will stay high even after today’s particular crises have passed."
www.bloomberg.com/opinion/arti...
"The contours of the emerging order are still hazy. What's clear is that the global risk baseline, with all its market-rattling potential, will stay high even after today’s particular crises have passed."
www.bloomberg.com/opinion/arti...
Multinationals Aren't Ready for the US-China Clash
A disordered world tests multinational corporations as well as diplomats. Amid trade wars and real wars, great-power struggles and vicious crises, geopolitical and geoeconomic disruptions are mounting...
www.bloomberg.com
November 13, 2025 at 1:53 PM
HAL BRANDS:
"The contours of the emerging order are still hazy. What's clear is that the global risk baseline, with all its market-rattling potential, will stay high even after today’s particular crises have passed."
www.bloomberg.com/opinion/arti...
"The contours of the emerging order are still hazy. What's clear is that the global risk baseline, with all its market-rattling potential, will stay high even after today’s particular crises have passed."
www.bloomberg.com/opinion/arti...
"The strangest thing about the recent shutdown fight in Congress is that a quarrel ostensibly about health-care subsidies failed to stir any real debate about health-care reform."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Congratulations: The Shutdown Left Health Care’s Mess Intact
The strangest thing about the recent shutdown fight in Congress is that a quarrel ostensibly about health-care subsidies failed to stir any real debate about health-care reform. Washington prefers not...
www.bloomberg.com
November 13, 2025 at 1:47 PM
"The strangest thing about the recent shutdown fight in Congress is that a quarrel ostensibly about health-care subsidies failed to stir any real debate about health-care reform."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
“It is more nakedly authoritarian to say ‘not only are we going to punish you for the policies you support, or the actions you take to protest in the streets, but now we are going to punish you for who you voted for.’”
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
NYC Is the Next Front in Trump’s War on Cities
The impending confrontation between President Donald Trump and New York City Mayor-elect Zohran Mamdani looms as the biggest battle yet in the escalating fight between the administration and the natio...
www.bloomberg.com
November 13, 2025 at 1:46 PM
“It is more nakedly authoritarian to say ‘not only are we going to punish you for the policies you support, or the actions you take to protest in the streets, but now we are going to punish you for who you voted for.’”
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
BLOOMBERG ECO:
We estimate the longest shutdown in US history will subtract about 1.3 percentage points from fourth-quarter GDP growth, CUTTING IT TO ALMOST ZERO. Disruptions to Thanksgiving travel as flights are reduced adds to downside risks.
(emphasis added)
We estimate the longest shutdown in US history will subtract about 1.3 percentage points from fourth-quarter GDP growth, CUTTING IT TO ALMOST ZERO. Disruptions to Thanksgiving travel as flights are reduced adds to downside risks.
(emphasis added)
November 13, 2025 at 1:29 PM
BLOOMBERG ECO:
We estimate the longest shutdown in US history will subtract about 1.3 percentage points from fourth-quarter GDP growth, CUTTING IT TO ALMOST ZERO. Disruptions to Thanksgiving travel as flights are reduced adds to downside risks.
(emphasis added)
We estimate the longest shutdown in US history will subtract about 1.3 percentage points from fourth-quarter GDP growth, CUTTING IT TO ALMOST ZERO. Disruptions to Thanksgiving travel as flights are reduced adds to downside risks.
(emphasis added)
"Trump once bragged to me that their friendship was stronger than mere business after showing me a prized Palm Beach property that he had outbid Epstein to secure."
(1/2)
www.bloomberg.com/opinion/arti...
(1/2)
www.bloomberg.com/opinion/arti...
Trump Stoked the Epstein Scandal. It’s Come Back to Bite Him
Jeffrey Epstein, who took his own life in 2019 while imprisoned on charges of being a sex trafficker and a pedophile, continues to haunt the Republican Party and its leader, President Donald Trump.
www.bloomberg.com
November 13, 2025 at 12:40 PM
"Trump once bragged to me that their friendship was stronger than mere business after showing me a prized Palm Beach property that he had outbid Epstein to secure."
(1/2)
www.bloomberg.com/opinion/arti...
(1/2)
www.bloomberg.com/opinion/arti...
Reposted by Bob Burgess
Even if we skip COP30, our economy won’t skip the bill.
Climate disasters now cost nearly $1 trillion a year—double a mere decade ago.
A fast clean energy transition costs far less than inaction.
🎯 from @markgongloff.bsky.social bsky.app/profile/mark...
Climate disasters now cost nearly $1 trillion a year—double a mere decade ago.
A fast clean energy transition costs far less than inaction.
🎯 from @markgongloff.bsky.social bsky.app/profile/mark...
The idea that climate action and economic growth are somehow competing is outdated and dangerously wrong. 3 new studies add to the stack of evidence that climate policy *is* economic policy
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
The US Is Making a $3 Trillion-a-Year Mistake
There’s this outdated comparison many politicians and even some climate-change advocates still use, which is to juxtapose climate action against economic growth, as if the two were opposing sides in a...
www.bloomberg.com
November 12, 2025 at 7:05 PM
Even if we skip COP30, our economy won’t skip the bill.
Climate disasters now cost nearly $1 trillion a year—double a mere decade ago.
A fast clean energy transition costs far less than inaction.
🎯 from @markgongloff.bsky.social bsky.app/profile/mark...
Climate disasters now cost nearly $1 trillion a year—double a mere decade ago.
A fast clean energy transition costs far less than inaction.
🎯 from @markgongloff.bsky.social bsky.app/profile/mark...
Reposted by Bob Burgess
The American penny died on Wednesday in Philadelphia. It was 232. The cause was irrelevance and expensiveness, the Treasury Department said. Nothing could be bought any more with a penny, as the cost to mint the penny had risen to more than 3 cents. nyti.ms/48bFd5K
November 12, 2025 at 7:25 PM
The American penny died on Wednesday in Philadelphia. It was 232. The cause was irrelevance and expensiveness, the Treasury Department said. Nothing could be bought any more with a penny, as the cost to mint the penny had risen to more than 3 cents. nyti.ms/48bFd5K
That's one way of putting it.
HUD Secretary Scott Turner: "There's a lot of research and study that has to be done, not just one the 50 year mortgage, but on all the ideas that are coming forward through the leadership of this administration."
November 12, 2025 at 6:09 PM
That's one way of putting it.
Reposted by Bob Burgess
Me in @opinion.bloomberg.com: The Trump economy might be powered by the three A's of AI, asset prices, and the affluent, but voters sent the message that politicians aren't doing enough to address a fourth A -- affordability -- that AI companies are making worse: www.bloomberg.com/opinion/arti...
AI’s Power Grab Has to Face Affordability Politics
Even as the labor and housing markets slow, the “three A’s” of the Trump economy have kept things chugging along in 2025: artificial intelligence, asset prices and the affluent. Last week’s elections ...
www.bloomberg.com
November 12, 2025 at 3:41 PM
Me in @opinion.bloomberg.com: The Trump economy might be powered by the three A's of AI, asset prices, and the affluent, but voters sent the message that politicians aren't doing enough to address a fourth A -- affordability -- that AI companies are making worse: www.bloomberg.com/opinion/arti...
Trump's visa curbs are leading Wall Street to hire in India rather than the US. JPMorgan's hiring credit specialists in Bengaluru; Goldman's seeking associates there to review loans; KKR's adding in Mumbai to monitor its companies; Millennium's hiring risk analysts.
www.bloomberg.com/news/feature...
www.bloomberg.com/news/feature...
Wall Street to Speed Up India Hiring on Trump’s H-1B Visa Curbs
Investment banks are hiring finance specialists in hubs like Bengaluru and Hyderabad.
www.bloomberg.com
November 12, 2025 at 3:35 PM
Trump's visa curbs are leading Wall Street to hire in India rather than the US. JPMorgan's hiring credit specialists in Bengaluru; Goldman's seeking associates there to review loans; KKR's adding in Mumbai to monitor its companies; Millennium's hiring risk analysts.
www.bloomberg.com/news/feature...
www.bloomberg.com/news/feature...
"You can’t reproduce the elements of chance that set Buffett on his path, but you can try to live his example of never falling for your own hype or the idea that your accomplishments are all of your own making."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Buffett’s Latest Letter Subtweets His Fellow Billionaires
There’s one thing Warren Buffett seems to credit for his success more than anything else: luck.
www.bloomberg.com
November 12, 2025 at 3:08 PM
"You can’t reproduce the elements of chance that set Buffett on his path, but you can try to live his example of never falling for your own hype or the idea that your accomplishments are all of your own making."
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Reposted by Bob Burgess
The idea that climate action and economic growth are somehow competing is outdated and dangerously wrong. 3 new studies add to the stack of evidence that climate policy *is* economic policy
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
The US Is Making a $3 Trillion-a-Year Mistake
There’s this outdated comparison many politicians and even some climate-change advocates still use, which is to juxtapose climate action against economic growth, as if the two were opposing sides in a...
www.bloomberg.com
November 12, 2025 at 2:13 PM
The idea that climate action and economic growth are somehow competing is outdated and dangerously wrong. 3 new studies add to the stack of evidence that climate policy *is* economic policy
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Gift link to my column for @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Reposted by Bob Burgess
Across Latin America, political violence and cynical murder plots are multiplying as organized crime expands and illegal industries boom. Governments face a crucial test: confronting criminal power without weaponizing repression
my latest for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
my latest for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
Blowing Up ‘Narco’ Boats Won’t Stop Latin America’s Real Killers
The sicario fired nine bullets at the moving vehicle from the back of a motorcycle, shattering the evening quiet in a corner of Mexico City not far from where Frida Kahlo and Diego Rivera once lived. ...
www.bloomberg.com
November 12, 2025 at 2:20 PM
Across Latin America, political violence and cynical murder plots are multiplying as organized crime expands and illegal industries boom. Governments face a crucial test: confronting criminal power without weaponizing repression
my latest for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
my latest for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
"After a flurry of orders late last month...Chinese imports of US cargoes seem to have faltered, according to traders who asked not to be identified discussing confidential information. They said they were not aware of new shipments."
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
China’s Purchases of US Soybeans Stall Despite Trade Truce
China’s purchases of American soybeans appear to have stalled, less than two weeks after the US touted a wide-ranging trade truce that signaled thawing relations between the world’s two biggest econom...
www.bloomberg.com
November 12, 2025 at 2:05 PM
"After a flurry of orders late last month...Chinese imports of US cargoes seem to have faltered, according to traders who asked not to be identified discussing confidential information. They said they were not aware of new shipments."
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Reposted by Bob Burgess
A bunch of folks have asked me what this looks like in local currency terms. Here's the chart.
It's a similar story: The performance of the U.S. stock market during the Trump presidency is... ~~meh~~
It's a similar story: The performance of the U.S. stock market during the Trump presidency is... ~~meh~~
November 11, 2025 at 8:55 PM
A bunch of folks have asked me what this looks like in local currency terms. Here's the chart.
It's a similar story: The performance of the U.S. stock market during the Trump presidency is... ~~meh~~
It's a similar story: The performance of the U.S. stock market during the Trump presidency is... ~~meh~~