Latest news with #TomKeene
Bloomberg
11 hours ago
- Business
- Bloomberg
Union Pacific to Acquire Norfolk Southern for $72 Billion
Union Pacific agreed to acquire Norfolk Southern in a cash-and-stock transaction valuing the company at about $72 billion, forming a transcontinental rail behemoth in what stands to be the industry's largest deal ever. Norfolk Southern shareholders will receive one Union Pacific share and $88.82 in cash for each Norfolk share, the companies said in a statement Tuesday. Union Pacific will issue about 225 million shares to Norfolk Southern investors, representing 27% ownership in the combined company. The deal, which they aim to close by early 2027, implies a value of $320 a share for Norfolk. That would represent a roughly 23% premium to Norfolk Southern's stock before the first reports of a potential deal this month. The tie-up is poised to transform the North American rail market. Tony Hatch, Founder of ABH Consulting, speaks on Bloomberg Surveillance with Tom Keene and Paul Sweeney. (Source: Bloomberg)
Bloomberg
13 hours ago
- Entertainment
- Bloomberg
Single Best Idea: Miller and Hatch
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Myles Miller and Tony Hatch Watch Tom and Paul LIVE every day on YouTube:
Bloomberg
2 days ago
- Business
- Bloomberg
Bloomberg Surveillance: Trade Deals and Markets
Browse all episodes Bloomberg Surveillance: Trade Deals and Markets Bloomberg Surveillance Trade Deals and Markets Arrow Right 39:35 Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney July 28th, 2025 Featuring: 1) Kriti Gupta, host of Bloomberg TV & Radio in London, on European capitals are putting a brave face on the trade deal they struck with President Donald Trump, which will see the European Union accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero. 2) Elizabeth Economy, Hargrove Senior Fellow and co-chair of the Program on the US, China, and the World at Stanford University's Hoover Institution, on US and Chinese officials are meeting Monday to extend their tariff detente beyond a mid-August deadline, and haggle over other ways to further defuse trade tensions. ) Tiffany Wilding, Economist: North America at PIMCO, on Federal Reserve officials are determined to hold interest rates steady a little while longer, though an increasingly contentious debate at this week's policy meeting may bolster expectations for rate cuts in the fall. Fed Chair Jerome Powell is under intense pressure from President Donald Trump and his allies to reduce borrowing costs, and may face multiple dissents this week from officials who want to provide support to a slowing labor market. 4) Curtis Sliwa, founder and CEO of the Guardian Angels and NYC Mayoral candidate
Bloomberg
5 days ago
- Business
- Bloomberg
Single Best Idea: Rosenberg & Levine
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with David Rosenberg & Alicia Levine. Watch Tom and Paul LIVE every day on YouTube:
Bloomberg
5 days ago
- Business
- Bloomberg
Bloomberg Surveillance: Markets and Powell
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney July 25th, 2025 Featuring: 1) David Rosenberg, Founder and President Rosenberg Research & Associates, joins for a discussion on rates, US inflation, and the importance of Fed independence. Federal Reserve Chair Jerome Powell is under attack by President Trump, who is using a "flood the zone" strategy to pressure the Fed to lower interest rates. Trump's approach involves personally attacking Powell, questioning the Fed's spending, and discussing potential replacements, according to the article. 2) Brian Wieser, Principal at Madison & Wall, talks about the Skydance-Paramount deal getting FCC approval. The US Federal Communications Commission approved Paramount Global's merger with Skydance Media after the Trump administration extracted concessions on the news and entertainment company's political coverage and diversity practices. As part of the accord, Skydance vowed to ensure that the new company's programming embodies a diversity of viewpoints from across the political and ideological spectrum, according to FCC Chairman Brendan Carr. 3) Alicia Levine, Head of Investment Strategy and Equities at BNY, discusses her S&P 500 target and talks the pain trade and surprises to the upside. Stocks dipped at the end of a record-setting week after lackluster results from Volkswagen AG and Puma SE. Goldman's trading desk wrote in a note to clients "If you are nervous, the market is making it very easy to rent hedges" as a slew of risks loom over the market's record advance. 4) Marta Norton, Chief Investment Strategist at Empower, on asset allocation and potential for market volatility in the second half of 2025. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including an NYT story on the divided New York family, as young voters who supported Zohran Mamdani persuade their parents to do the same, as well as Business Insider's story on how people can Venmo the US government to help pay down the debt.
