Bloomberg Talks

Get an insider's look at the cruising industry with Norwegian Cruise Lines' CEO, who reveals booming consumer demand and a fleet upgrade underway. Discover how the company is targeting younger cruisers aged 35-45 through brand segmentation. Explore the luxurious amenities of their new ship, Allura, and the intriguing differences in guest spending between luxury and contemporary brands. This conversation dives deep into the evolving landscape of cruise experiences!

Manny Roman, CEO of PIMCO, shares his insights on the booming AI infrastructure investment landscape. He discusses the enormous global demand for data centers and the critical energy needs tied to this expansion. Manny emphasizes prudent deal valuations to avoid over-investment in tech, and highlights the importance of navigating uncertain markets with humility. He also explores opportunities in fixed-income markets amidst higher rates and cross-border investment strategies. Additionally, he offers thoughts on the evolving state of US exceptionalism and Fed policy credibility.

Rachel Reeves, the UK Chancellor of the Exchequer and a senior Labour politician, dives into pressing issues like tax policy and child poverty. She firmly rules out a standalone wealth tax, arguing that existing wealth taxes are sufficient. Reeves discusses the importance of fiscal responsibility and commitments not to raise several key taxes. She also touches on innovative welfare reforms aimed at reducing youth unemployment and ensuring financial stability, all while standing firm on Labour's manifesto pledges.

Kyriakos Mitsotakis, the Prime Minister of Greece, discusses the vital push for joint EU defense debt to enhance security funding, particularly in missile and drone technologies. He highlights Greece's impressive fiscal performance, advocating for tax cuts while warning about economic divergences in Europe. Mitsotakis expresses support for cross-border banking consolidation, emphasizing the benefits of increased scale and credit supply in the region. His insights reveal a strong commitment to innovation and investment as Greece aims for long-term economic transformation.

Tom Barkin, President of the Federal Reserve Bank of Richmond, dives into the shifting landscapes of employment and inflation. He shares insights on the Fed's recent rate cuts and their intentions to balance stimulating the economy while keeping inflation in check. Barkin expresses skepticism about inflation forecasts and highlights the current uncertainty in business sentiment due to tariffs. He emphasizes the need for adaptability in monetary policy, as the Fed monitors labor market changes and other economic data.

Mark Rutte, the long-serving Dutch politician and NATO Secretary General, dives into pressing issues affecting the alliance. He discusses recent airspace incursions and NATO's rules of engagement. Rutte sheds light on the challenges posed by drone warfare and the innovations NATO is adopting from Ukraine. With insights on US support for Ukraine and the sustainability of Russian operations, he emphasizes NATO's strategic adaptations. The conversation also touches on funding Ukraine through frozen Russian assets and long-term objectives for arming and supporting Ukraine.

Andrew Cuomo, former Governor of New York and current mayoral candidate, discusses the upcoming New York City race with Bloomberg's David Gura. He predicts a showdown between himself and Zohran Mamdani, emphasizing how voters often shy away from nonviable candidates. Cuomo critiques the reliability of polls and contrasts his Democratic principles with Mamdani's Democratic Socialist stance. He also reflects on lessons from his father's 1977 campaign and responds sharply to Curtis Sliwa's accusations, calling for clarity on alleged offers.

Federal Reserve Governor Stephen Miran shares insights from his first Federal Open Market Committee meeting and discusses the falling neutral rate due to changing fiscal policies and immigration trends. He advocates for proactive rate cuts to mitigate employment risks, emphasizing that waiting for a crisis is not advisable. Miran also highlights how financial markets reflect non-monetary factors, citing housing as an example of tight conditions. His perspective on the link between immigration changes and shelter inflation offers a fresh take on economic policy.

Chris Nicholas, President and CEO of Sam's Club, shares insights on consumer behavior in light of tariff uncertainties during the Bloomberg Global Business Forum. He explains that shoppers remain rational and value-focused, with unit sales growing faster than prices. Nicholas discusses strategies to manage tariff pressures without significant price increases and highlights the club's strong holiday inventory readiness. Emphasizing the importance of operational control and company culture, he also explores AI adoption to enhance member services.

Pedro Sanchez, the serving Prime Minister of Spain and leader of the Spanish Socialist Workers' Party, discusses his bold intention to run for re-election in 2027. He reveals how Spain’s green policies have lowered electricity prices and enhanced competitiveness. Sanchez emphasizes the importance of migration for economic growth and outlines his housing measures to improve affordability. Despite facing polling challenges, he remains optimistic about securing another majority, citing crucial southern EU reforms driving overall growth.