Bloomberg Talks

Former Speaker of the House Kevin McCarthy shares insights on President-elect Trump's legislative strategy amidst a challenging political climate. He discusses the need for cohesive efforts on timely funding and border issues. McCarthy highlights the impact of Trump's rhetoric on fiscal policy and its effects on the bond market. He also delves into tax reforms, disaster responses, and future strategies for California’s water management. Additionally, he touches on the significance of AI and energy policy in shaping upcoming agendas.

Jim Zelter, Co-President of Apollo Asset Management, shares his expert insights on the investment landscape and economic climate. He highlights the benefits of investing in private credit over traditional equities. Jim also contrasts the resilience of U.S. markets with challenges in Europe, discussing political impacts like those from the Liz Truss administration. He examines partnerships between private capital and banking, emphasizing their importance amid a changing financial environment. Mergers and acquisitions are optimistic, yet the IPO market remains uncertain.

Edward Yardeni, President and Chief Investment Strategist at Yardeni Research, dives deep into bond market expectations and economic forecasts. He discusses the normalization of yields and their implications for the economy. Yardeni analyzes the resilience of the economy amid Federal Reserve rate hikes while expressing an optimistic outlook for the S&P 500 through 2025, highlighting strong sectors like technology. He shares insights into fixed income strategies, balancing safety against the lure of higher yields, and hints at an exciting event in Davos.

Hussain Sajwani reveals a bold $20 billion plan for U.S. data centers, with his company committing 30% of the funding. The discussion unveils strategic site selections and the excitement surrounding land deals. Insights into funding mechanisms, potential partnerships, and leasing agreements with tech giants highlight the complexities of entering the U.S. market. The impact of evolving government policies on foreign investment is also examined, shedding light on the challenges and opportunities in this rapidly growing sector.

Sirius XM's CEO reveals exciting plans for the future, including their strategic focus on integrating AI for better content discovery. The discussion highlights the importance of robust subscription growth and advertising strategies while navigating a changing market. With an eye on the automotive sector, Witz shares insights into the company's revenue outlook for 2025, showcasing how technology is shaping the radio landscape.

Ed Bastian, CEO of Delta Air Lines, shares insights on the exclusive partnership with Uber, aiming to enhance traveler experiences. He discusses the exciting collaboration with Joby for future air travel innovations, like flying taxis. Bastian also highlights Delta's AI-driven concierge service, designed to personalize customer interactions. The conversation touches on Delta's use of AI for dynamic pricing and their tech partnership with Starlink, showcasing how technology is reshaping the airline industry.

Gary Gensler, the outgoing SEC Chair and former MIT professor, shares his parting insights on the future of cryptocurrency. He likens the tumultuous crypto landscape to the Wild West, emphasizing the need for consumer protection amid its volatility. Gensler discusses the challenges of regulating an evolving market and the importance of transparency, particularly regarding risks associated with alternative coins. He also touches on the critical link between climate disclosures and investor protections, reflecting on his journey from academia to regulatory leadership.

Rolls-Royce Motor Cars CEO Chris Brownridge discusses North American sales and a move into EV's through the Spectre car, with Bloomberg's Matt Miller, Katie Greifeld, and Sonali Basak.See omnystudio.com/listener for privacy information.

Mike Lawler, a Congressman from New York, advocates for expanding SALT tax deductions which greatly affect high-tax state residents. He shares insights from his visit to Mar-a-Lago and discusses the urgency of negotiating tax relief amidst New York's budget crisis. The challenges of the SALT cap, rising state budgets, and potential taxpayer migration are key concerns. Lawler emphasizes the need for pragmatic discussions on energy tax credits, U.S. debt, and economic strategy to ensure growth and support for hardworking Americans.

Jose Munoz, CEO of Hyundai and a seasoned leader in the automotive industry, shares insights on navigating the evolving landscape of the US and Chinese markets. He discusses the need for strategic adaptability amid potential political changes and highlights the competitive dynamics within the electric vehicle sector. Munoz also addresses the challenges faced by legacy manufacturers in China and emphasizes the importance of mental health awareness and open dialogue for personal and professional growth.