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Bloomberg Television Launches Two New Shows Devoted to Crypto

“Bloomberg Triple Take” and “Bloomberg Crypto” will be the two new cornerstone shows providing coverage on the currency on Bloomberg Television. 

Eduardo Razo

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Bloomberg Television

Bloomberg Television is diving into the crypto world as the network announced it would be launching two new shows covering the currency, per Adweek. “Bloomberg Triple Take” and “Bloomberg Crypto” will be the two new cornerstone shows providing coverage on the currency on Bloomberg Television. 

“The launch of these new shows underscores our commitment to bringing the latest in market updates, business, and financial news, analysis, and insights to Bloomberg’s global audience,” Bloomberg Television and Radio global chief Al Mayers said in a statement.

Monday marked the launch of “Bloomberg Triple Take,” which airs live weekdays from 4:30-5 p.m. ET. Caroline Hyde, Romaine Bostick, and Taylor Riggs serve as the co-hosts. 

“Bloomberg Triple Take” will examine one problem concerning global markets and the economy and split it into three angles. Furthermore, the topics will vary from bottlenecks in the worldwide supply chain to social and economic inequality to the recovery from the pandemic.

On Tuesday, “Bloomberg Crypto,” a new show focusing on all things crypto. The show will air weekly, live from 1-1:30 p.m. ET, and is co-anchored by Matt Miller and Kailey Leinz. 

“Bloomberg Crypto” will provide coverage on the people, transactions, and technology shaping the world of decentralized finance.

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Can Financial Media Serve as the Canary in the Coal Mine?

There have been many significant developments in recent months, including interest rate declines, increased global tensions and the emergence of this year’s United States general election cycle.

Rick Schultz

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A photo of David Lin
(Photo: David Lin)

With some in the media lauding the American economy’s resilience and strength and others pointing to stubbornly high prices, it’s difficult to accurately determine where the United States’ economic situation truly sits. To sift through the haze, however, some financial media analysts point to emerging indicators that may be predicting where we stand and, more importantly, where we are likely to go in the coming months and year.

Lawrence Lepard, Managing Partner of Equity Management Associates, joined the popular David Lin on his flourishing YouTube program to discuss what he sees as the state of the United States economy.

“I thought we’d be in a recession by now, and that really hasn’t happened. The economy just keeps marching on, and partly it’s because the Federal Government is spending like the true drunken sailors that they are,” Lepard began. “The debt, the U.S. federal debt went up a trillion dollars in a hundred days. So if you annualize that, that’s 3.65 trillion in a year. And that’s a lot of money that continues to fuel the economy. So, the stock market has gone on to higher highs and so on and so forth.”

There have been many significant developments in recent months, including interest rate declines, increased global tensions, and the emergence of this year’s United States general election cycle. Lepard honed in on some key indicators that he thinks may define the coming period ahead.

“Probably the most significant development is the breakout. The price of Bitcoin is up 60% plus in the first quarter. We’re now in mid-April. And the price of gold broke out to all-time highs. The all-time high in gold, as we all know, had been kind of in the 2070 range. $2070 an ounce. It bounced up against that a number of times, three or four times during the last few years. And then it decisively broke through it. And we’re now, as you know, in the 2400 area. 2300, 2400. But that’s a clear break-out. No doubt about it,” Lepard noted.

While many remain oblivious to those assets’ big moves, Lepard believes they may foreshadow the near-term future regarding interest rates and inflation in general.

“I think what both gold and Bitcoin are reacting to is the increased knowledge on the part of a lot of people around the world that the U.S. fiscal situation is just very, very out of control,” he said. “And that even though the Fed hasn’t formally pivoted, which is normally what it would take for these sound money assets to move higher, the fiscal situation suggests that it’s only a matter of time until they will be forced into pivoting.

“And therefore gold and Bitcoin are saying why wait, let’s get ahead of it. And so they both run. I mean Bitcoin hit a new all-time high in the low-70’s and then it’s backed off a bit since then. But gold is pushing against its all-time high as we speak.”

Taking the opposing view, Lin challenged Lepard’s thoughts, wondering if there is another way to look at the months ahead.

“Here’s the contradiction that I think is apparent in the economy. What we’re seeing right now is the market’s pushing back the possibility of a Fed cut by as late as 2025, I’ve seen. Certainly the CME Fed watch tools projections for a cut this year are much lower in probability,” Lin said.

“But if you’re saying we’re gonna get fiscal spending to continue, in other words. In your words the government’s spending like a drunken sailor and inflation’s going to return as a result of that. Well, if inflation is going to remain high as a result of fiscal spending, I think you know where I’m going with this. Why is the Fed going to pivot if inflation is going to stay high?”

“Well, I think that’s right. I think there’s a chance they won’t pivot until they’re forced to. Until something breaks. And what breaks might be the bond market. And there are different ways they can deal with this,” Lepard said.

Lepard went on to say that one possibility is that the Fed removes some restrictions, which would incentivize banks to buy the debt.

“The underlying problem here is that the Federal Government is spending like crazy, they’re using debt to do it, and they’re having to continually adjust the debt. They’re unable to sell long-term debt because everyone is aware, or more people are becoming aware of the duration risk. So they’re trending toward selling more short-term debt, and the market’s having a hard time taking it,” Lepard said. “I think what’s going on here is that the world’s waking up to the fact that inflation is not transitory and we’re not going to be able to get back to two percent.”

Lepard opined that reported inflation has been wildly lower than actual inflation, based on real-world prices of such things such as fast food.

“Even the CPI, I think most people would agree, is really not accurately stating what their inflation is. I mean, CPI is reporting around three and the Fed and others are saying they’re going to get it down to two. Well, how does that fit with gas prices that are now up 18% this year. And I know many cases of insurance people, insurance costs of auto insurance up 20 or 30 percent year over year. You’re seeing the wages are up six percent year over year,” Lepard pointed out.

“My contention has always been, when the 2020 Covid event happened and they printed all that money we entered an inflationary world. And history shows that when you’re in an inflationary world, it’s not easy to contain it. And so I think we’re going to have waves of inflation similar to what occurred in the 1970’s.”

“Is the economy doing well?” Lin asked Lepard. “I’ve heard conflicting viewpoints.”

“I think it’s mixed,” Lepard said. “I think for the upper-middle class, it’s doing fine. I think for a lot of people, they’re really hurting. And it’s kind of a mixed bag. The employment numbers show that we’re doing reasonably well at creating jobs, but some of them are  government jobs. A lot of them are part-time jobs. I think it’s a glass half-empty or a glass half-full, depending on how you look at it.”

Lepard said most of the highly-populated cities are doing better overall then the rest of the country, which he classified as a “two-tiered economy.” He also went on to predict Bitcoin’s rise to $150,000 or more and gold potentially reaching $5000 per ounce. These prices would be more than a doubling for each. 

Perhaps these assets are a current-day canary in the coal mine, sniffing out continued inflationary conditions and what might lie ahead.

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New Research: YouTube is the Leading Podcast Platform

YouTube stands out as the primary platform for podcast discovery, with 34% of weekly podcast audience members citing it as their starting point, compared to Apple’s 18% and Spotify’s 15%.

Maddy Troy

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New findings from a recent study conducted by MARU/Matchbox, commissioned by Cumulus Media and Signal Hill Insights, reveal that YouTube has emerged as the leading platform for podcast consumption, surpassing other major players in the industry. The study, conducted in spring 2023, shows YouTube’s rapid growth in capturing the attention of podcast listeners over the past four years.

In previous editions of the Podcast Download study dating back to 2019, Apple held a dominant position as the preferred platform for podcast listening, with 29% of consumers using it most for that purpose. Apple’s share has steadily declined to 16%, while YouTube’s share has surged from 15% to its current leading position of 29%. Similarly, Spotify’s share has also seen a gradual decline from 27% to 17%.

YouTube’s ascendancy to the top spot is not limited to specific listener demographics or listening habits. Irrespective of when respondents started listening to podcasts or their frequency of consumption, YouTube remains the go-to platform for the majority of podcast listeners. YouTube stands out as the primary platform for podcast discovery, with 34% of weekly podcast audience members citing it as their starting point, compared to Apple’s 18% and Spotify’s 15%.

The April 2023 study, which included over 600 weekly podcast consumers, noted that YouTube’s rise to prominence was influenced by a change in the definition of podcast consumption introduced in April 2022. This change allowed participants who exclusively watch podcasts to take part in the survey. Since then, between 8% and 10% of the weekly podcast audience reported consuming podcasts solely through video.

“The platform findings in the report are fascinating and challenge some of the conventional wisdom we’ve seen in the industry regarding podcast destinations,” Signal Hill Insights Chief Insights Officer and Partner Paul Riismandel says.

“What we’ve seen is that the YouTube preference is utilitarian. Podcasting is still a multi-platform world, consistent with our heterogenous digital media consumption ecosystem. Consumers stick with YouTube for the video, community, comments, and recommendations but platform exclusivity is less important, as we see podcast consumers also listening to their YouTube shows elsewhere.”

The survey findings demonstrate an equal preference for watching and listening to podcasts, with 39% favoring the audio-only experience, 25% enjoying listening while minimizing or playing the video in the background, and 36% actively watching while listening. Notably, the percentage of respondents who prefer actively watching podcasts has increased from 28% in the previous wave of the study conducted in October 2022.

Unsurprisingly, when it comes to the ability to watch podcasts in addition to listening, YouTube holds a significant lead with 59% of respondents associating this capability with the platform, compared to 14% for Spotify and 11% for Apple Podcasts.

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Fox News Is the Top Destination Coverage on the Russia-Ukraine War

According to Nielsen Media Research, Fox News outperformed CNN and MSNBC in the key 25-54 demographic and the 18-49 demo across the day and in primetime.

Ryan Hedrick

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FOX News

FOX News is the top destination for breaking news coverage of the war in Ukraine and is the most-watched network in all cable across all categories and dayparts.

According to Nielsen Media Research, Fox News outperformed CNN and MSNBC in the key 25-54 demographic and the 18-49 demo across the day and in primetime.

FNC has averaged 2.2 million viewers and 474,000 in the 25-54 demo since the start of the conflict, earning double-digit percent advantages over CNN across the board and widening to triple-digit advantages over MSNBC.

FNC continues to surpass the cable news competition in primetime, garnering 3.4 million viewers and 725,000 in the demo, again besting CNN by double digits and MSNBC by triple digits in all categories. From 8-11 PM/ET, FNC even outdrew broadcast networks NBC in overall viewers.

Fox News comprises over half of the cable news share in total day and primetime viewership.

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