Bloomberg Daybreak: Europe Edition Global Stock Losses Deepen, Can AI Deliver Growth, Wealthy Brits Budget Prep
7 snips
Nov 18, 2025 Mark Cudmore, Markets Live executive editor at Bloomberg, shares insights on the recent global stock sell-off and the pressures facing AI stocks. He discusses how Nvidia's upcoming earnings could influence market trends and Bitcoin's tumultuous cycle due to its reliance on marginal buyers. Ben Stoppels, Bloomberg's ultra-wealth reporter, reveals how Britain's wealthiest families are restructuring finances and preparing for potential budget changes, citing inheritance tax concerns and anecdotal evidence of high-net-worth individuals considering emigration.
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AI's Growth Will Likely Be Modest
- Bloomberg Economics estimates AI could add between 0.1 and 0.7 percentage points to US annual GDP over the next decade.
- That implies AI may boost growth but not necessarily justify sky-high market valuations alone.
Bitcoin's Rally Has Reversed This Year
- Bitcoin's deep slide erased 2025 gains and options traders target downside protection near $80k–$85k.
- Bloomberg's Ana Herrera links the fall to ETF-driven inflows reversing and a wider risk-off mood.
Bezos Brings Amazon Rules To His AI Startup
- Joe Constance reports Jeff Bezos runs Project Prometheus with Amazon-style rules like memos and the two-pizza team size.
- Bezos enforces six-page memos read in silence and small teams to keep meetings focused.