Sonali Basak
@sonalibasak
Global finance correspondent @BloombergTV + anchor for Open Interest 9-11 am daily New York time, & writing like mad @business. @NYUStern MBA. Views are my own.
"Welcome to the great American tradition of presidents hating on the Federal Reserve." #perspective via @cr_harper bloomberg.com/opinion/articl…
Lovely tribute by @cr_harper. In fending off political pressure he faced, legendary Federal Reserve Chairman Paul Volcker drew inspiration from George Washington, says @cr_harper bloomberg.com/opinion/articl… @VolckerAlliance
Across Wall Street, people who say they’ve known Harvey for decades have told me they’ve never heard his full story. In my own travels, I’m hoping more of my interviews can be as open & vulnerable as this one was. Thank you for watching!! @stavridisj Watch here:…
My boss Harvey Schwartz is one of the best pure leaders I've ever worked for, and I’ve worked for people like Bob Gates and Leon Panetta. This is a wonderful interview full of immense leadership wisdom and deep humility. @OneCarlyle youtu.be/9reEXWDXk-4?si… via @YouTube
TOMORROW: @mansourtarek_ joining us for @BloombergTV in the 10:00 am hour, New York time. Let’s talk prediction markets.
What once seemed crazy is now obvious. When we launched Kalshi, people thought we were nuts. Today, prediction markets are one of the most powerful tools for understanding the world. We’ve always admired those who defy the odds - and no one embodies that more than Elon and…
*Taps mic* is this thing on?! After 6 months of labor, really excited to share this in-depth report we wrote on the unprecedented power demands of AI. From Nuclear SMRs to natural gas, M&A and AI data center financing… this report has it all. goldmansachs.com/what-we-do/inv…
There's something about these railroad merger talks giving me serious gilded age vibes. bloomberg.com/news/articles/…
30y mortgage rate has bounced back in past couple weeks to 6.84% ... still virtually unchanged over past three years
ALPHABET SEES FY CAPEX ABOUT $85B, SAW ABOUT $75B, EST. $73.31B CapEx just blowing through expectations. And there’s room for it, with profit and top line growth both exceeding estimates. Shares lower still after market.
Fresh off Circle's surge on IPO and President Trump signing the first federal bill to regulate stablecoins, we asked @Tether_to CEO @paoloardoino if he wants to bring Tether public bloom.bg/4m2p8Ui
*TETHER WORKING ON ESTABLISHING US DOMESTIC STRATEGY: ARDOINO @paoloardoino on @BloombergTV speaking to the passage of the Genius Act. Interview to follow.
Treasury Secretary Scott Bessent discusses the US trade deal with Japan that will impose 15% tariffs on imports including automobiles, while creating a $550 billion fund to make investments in the US bloom.bg/3TUbSoM
Remember how ETFs can rebalance without ever incurring capital-gains tax? So what if you seed ETFs with appreciated stocks? My story today on the latest idea from Wall Street's booming tax-alpha complex: bloomberg.com/news/features/…
BULLISH SEASON FINALE: Going Private. How Carlyle CEO Harvey Schwartz made it to the highest ranks of finance. His story is not your average Wall Street story -- I'm looking forward to see what you make of it, & where he sees the industry headed, from banking to private markets.…
Mohamed El-Erian: "If Chair Powell's objective is to safeguard the Fed's operational autonomy (which I deem vital), then he should resign."
This morning, US government criticism of both Federal Reserve Chair Powell and the institution itself has broadened to include "mission creep" and the effectiveness of other officials. The developments of the last few days reinforce my view: If Chair Powell's objective is to…
Another fresh 22-year low for the equal-weighted S&P 500 relative to the cap-weighted S&P 500
More on the private equity industry's struggles: bloomberg.com/news/articles/…
Treasury Secretary Scott Bessent says he will meet his Chinese counterparts in Stockholm next week for their third round of trade talks bloomberg.com/news/articles/…
Carlyle's Jason Thomas on the private equity doldrums: "Median buyout purchase price multiples in the US stood close to their 10-year average. Public multiples, by contrast, finished the quarter nearly 25% above their averages over the past decade."
Figma, along with some of its investors, are seeking to raise as much as $1.03 billion in a US initial public offering, which could give it a market value of as much as $13.6 billion. Anthony Hughes reports bloom.bg/4o0gtDA
Verizon surpassed analysts’ estimates for second-quarter revenue and raised its profit outlook, buoyed by wireless price increases and recent tax legislation. CEO Hans Vestberg discusses the results bloom.bg/46qL477