Bloomberg L.P.

This is, this is, this is a lot to do with Canada and a lot to do with what we talk about on the show all the time.

We're gonna listen to a couple minutes, and this is at a, a Bloomberg, um, Bank of America Global Research.

Listen to this on, on the price of fuel and what we're looking forward to here.

How challenged is the oil production space out of the Middle East right now? How high could oil prices go from here?

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The whole edifice of finance is built consciously or otherwise on this keystone of the ten-year yield.

Everything else adds onto that, and a lot of structures haven't been tested with a ten-year yield as high as six percent.

So this is potentially a, a big sea change that is still only starting.

[upbeat music] I'm Stephanie Flanders, head of government and economics at Bloomberg, and this is Trumponomics, the podcast that looks at everything in the economic world of Donald Trump.

This week, the US government bond market crossed a line that investors have been watching for years.

They've been working in the shadows and in the background.

But according to the information, which has then been cannibalized by Bloomberg here for their own reporting, Apple is actually working on an AI inference server with its custom silicon.

So some quick background here.

Apple has been operating custom servers for private AI cloud compute for years, but this seems to be its first serious effort to push into the commercial realm for this hardware.

Now, with all of that aside, how do you

monitor FOMC meetings? Ever since I gave up my Bloomberg terminal, I kind of stopped looking at them.

What's

your way

Even as these two superpowers dictate global macro dynamics, Investors continue to shun Chinese risk assets, staying heavily allocated towards developed markets while China's economy remains stuck in low gear.

So what does this G2 dynamic actually mean for global asset allocation? How will diverging interest rate outlooks in the US and China shape future capital flows? And what will it take to trigger a broader rotation from developed to emerging markets? You're listening to Asia Centric from Bloomberg Intelligence.

I'm John Lee in Hong Kong.

Joining us today to unpack these big picture macro themes is Bin Gao, Chief Executive Officer and Co-CIO of Kaifeng Investment Management Hong Kong.

export-oriented names.

Ben, I have to ask you, in 2024, one of your funds made 76% return, and you became well-known, especially because it's like...

Places like Bloomberg were talking about the guy who made 76% return in 2024.

Tell us about the returns in 2025 and how you've fared this year.

Le devuelvo la palabra a Amber para el movimiento en el mercado de chips.

Biren Technology, uno de los fabricantes chinos de GPU en la lista de entidades restringidas de Estados Unidos, está sondeando a inversores para una venta de acciones de seguimiento de aproximadamente mil millones de dólares, según reportó Bloomberg el martes.

[carraspeo] Sería la tercera captación de capital de la compañía desde su salida a bolsa en Hong Kong en enero.

Y el momento es deliberado.

Un periodo de bloqueo de noventa días desde su última colocación vence a principios de octubre, abriendo la ventana.

Y, Edo, hay un hito notable en el frente de la riqueza.

El fundador de ByteDance, Zhang Yiming, superó a Gautam Adani este miércoles para convertirse en la persona más rica de Asia, con Bloomberg estimando su fortuna en ciento cinco mil millones de dólares, un incremento de ocho veces desde 2019.

El motor, el chatbot Doubao de ByteDance, acaba de superar los setenta y cinco millones de usuarios activos mensuales y su empresa conjunta, TikTok US, con Oracle y Silver Lake, cerró a principios de este año.

They do not particularly want this to happen, it seems like.

However, Chris Lehane, the head of global affairs for OpenAI, has announced, I've seen through Bloomberg, that Google, OpenAI, and Anthropic are, in fact, working together to coordinate someone on safety.

They are sharing information.

And we already have this ability to move forward.

Invest in Canada.

He gave an interview to Bloomberg recently, and he was talking about picking winners and Unfortunately, liberals love doing that because then they get to feel powerful rather than letting the market choose the winners, which is the way countries like the United States generally operate or have been successful in operating.

Let's listen.

One criticism I heard about Some of what you've done so far since you came in is that your government is too involved in picking winners.