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That. Rate cut next week. Everyone seems to be talking about inflation because of the us president ial debate, if you watch that, did you see the potential Policy Shifts based on the candidate s . Mat on the Candidate S . Not reall , on the Candidate S . Not really. They on the Candidate S . Not really, they had on the Candidate S . Not really, they had a on the Candidate S . Not really, they had a lot on the Candidate S . Not really, they had a lot of| really, they had a lot of political rhetoric but not a lot of policy information. We already kind of know where both candidates stand on addressing inflation, i would candidates stand on addressing inflation, Iwould Run candidates stand on addressing inflation, i would run a candidates stand on addressing inflation, Iwould Run a number of scenarios through our macro model to kind of gauge what the inflationary implications are ranging from trade, government spending, taxes, generally, former President Trump would be more inflationary t
The new pm sets out bIg reforms to energy, water and the lords, but Is the lesson Of hIs predecessors that he needs more VIsIon And Hope and less paIn . And as thIs generatIon Of students prepare to head Off to unIversIty, wIll some fInd theIr college has gone bust before they even get there . Good evenIng. Welcome to newsnIght InsIght, IntervIews and more Into the storIes Of the day. Later, the crIsIs In our unIversItIes, wIth calls for a massIve rIse In TuItIon Fees as students head back to campus. But before that, a scholarly panel Of PrIme MInIsterIal BIographer SIr Anthony seldon, former tory Mp And Mep VIcky Ford and Baroness Helena Kennedy kc wIll consIder where we are wIth the new Government And Pm two months on from the electIon, wIth a blIzzard Of legIslatIon but a certaIn lack Of Post LandslIde EuphorIa and promIses Of a couple Of months at least Of paIn. Lets brIng In our own prOfessor Of polItIcs, nIck watt. An Important day for the pm . RemovIng saId, Gb Energy and removI
Now looking at none to one. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz, and annmarie hordern. Jonathan live from new york city, good morning, good morning. For our audience worldwide, this is bloomberg surveillance with Lisa Abramowicz and annmarie hordern, i am jonathan ferro. We got to begin with this name. Apple. The latest reporting from our colleagues at bloomberg. Apple canceling a decadelong effort to build an electric car. Lisa a decade ago it was building a car would be the next vr headset, the next artificial realitytype of experience. It turns out it is a bad business to build cars. Its a Good Business to say we have something with ai in whatever form it is and it will transform your life. That will gain more traction. Jonathan there is information what theyre moving away from, moving into, and how the market responded. The stock rallied which tells you everything you need to know. Apple imagined the car being priced around 100 k but executives were
Down about 118 points, nasdaq opening down about 117 points. S p 500 off by 16 points right now. Take a look at treasury yields. The 10year at. 93. The 2year at 2. 863. And crypto prices. Weve been talking about crypto quite a bit these days. Up about 4 this morning. Its crazy. And take a look at ether etf. Thats surging too meantime apple is canceling its electric vehicle product. That thats accordinging to those that know. Many employees will be shifted to the Artificial Intelligence division. Apples ceo apple and ceo tim cook have never acknowledged the electric car publicly but referred to working on e autonomous systems. Theyve never been open about this but are now scrapping it. People are looking at it as a major failure. I dont look at it that way. I think what was happening is there was an internal battle inside apple whether to even go this route and i think tim cook was always on the fence. You mean a failure for evs, not just apple. I think the failure of evs right now has