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Bloomberg Tech

The Fed Decides, Microsoft and BlackRock Team Up

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 18 September 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down what to expect from the upcoming Fed decision. Plus, Microsoft and BlackRock plan to launch a $30 billion AI investment fund, and EU judges overturn Google's $1.7 billion antitrust fine.

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Transcript

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0:00.0

Behind the Bright Lights and Adrenaline of Pro Sports is an equally exciting world of

0:05.5

negotiations and deal-making.

0:07.8

That's what we cover each week on our podcast, The Deal.

0:11.0

I'm Alex Rodriguez, former baseball player turned business executive.

0:14.7

And I'm Jason Kelly, chief correspondent at Bloomberg Originals.

0:17.8

Every Thursday we talk to all-stars like Serena Williams and Derek Jeter, as well as the brains behind brands like the Harlem Globetrotters and

0:24.6

Nasdaq.

0:25.6

Listen to the deal wherever you get your podcasts.

0:28.1

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edla Lo Loa. Live from New York in San Francisco, this is Rubeburg Technology.

0:57.0

Coming up, all eyes on Powell.

1:01.0

Markets on age and we watch the tech sector ahead of the Fed.

1:04.0

Plus Microsoft and Black Rock are teaming up planning to launch a $30 billion

1:09.0

AI investment fund.

1:11.0

And Google wins in court this time. EU judges overturning the company's

1:15.5

one and a half billion euro antitrust fine. But first, let's check in on these

1:20.6

markets. Abigail do little. Well, Caroline, we are just hours away from one of the most anticipated Fed decisions in years

1:27.5

because of course it's all but likely that they will in fact cut at this next meeting for the first time in four years but the big question

1:34.7

is will be 25 basis points or 50 basis points according to probability

1:38.6

within the Bloomberg Terminal right now we are looking at a 57% chance of a 50 basis point cut.

1:45.0

This would be one of the first times this has happened in a non-emergency capacity,

1:50.0

perhaps raising questions of what are they seeing, why are they going to make such a big cut if

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