The cost of celebrating Christmas is climbing again. Now in its 42nd year, the PNC Christmas Price Index (PNC CPI) reveals that the cost of the gifts from the classic holiday carol "The Twelve Days of Christmas" has risen 4.5% compared to last year, outpacing the Bureau of Labor Statistics' Consumer Price Index (BLS CPI) October year-over-year reading of 3.0%. The PNC CPI, launched in 1984, is a light-hearted take on the BLS CPI and measures the change in prices consumers could expect to pay for True Love's gifts. Amanda Agati, Chief Investment Officer with PNC Asset Management Group, breaks down the latest data explaining what Christmas really costs American consumers in 2025. Amanda speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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Wall Street Traders on Hold in Run-Up to Jobs Data
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. The last full trading week of 2025 started with stocks, bonds and the dollar wavering as Wall Street geared up for key economic data that will help shape the Federal Reserve rate outlook. On the eve of the jobs report, the S&P 500 closed mildly lower. A renewed tech slide saw Broadcom Inc. posting its worst three-day plunge since 2020. Oracle Corp. extended its multi-session selloff to about 17%. A rout in cryptocurrencies also kept a lid on riskier assets. Treasury two-year yields edged down amid bets the Fed will cut rates twice next year to support the job market even as inflation shows signs of stickiness. The dollar barely budged, but closed at the lowest since October. Following the Fed’s latest decision to slash rates, the November jobs report — due on Tuesday — is expected to show a sluggish labor market. The reading will also include an estimate of October payrolls — figures that were delayed by the federal shutdown. Today's show features:Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on the week ahead in economic data and global central bank activity Meghan Robson, Head of US Credit Strategy for BNP Paribas, on the credit market outlook for 2026 and market jitters over tech sector capital spending Sally Librera, President, National Grid New York, on the state’s energy infrastructure and the creation of energy demand as a result of data center projects Bloomberg News Chief Wall Street Correspondent Sri Natarajan on McKinsey & Co. plotting a wide swath of layoffs See omnystudio.com/listener for privacy information.
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UiPath Sees Continued Strength as AI Tools Sharpen
UiPath is a leader in agentic automation, empowering enterprises to harness the potential of AI agents to autonomously execute and optimize complex business processes. The company says its platform combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently, and that it supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries.Ashim Gupta, the CFO and COO of UiPath, discusses the firm's wide-ranging customer base and the key drivers behind the rally in its share price in 2025. Ashim speaks with Carol Massar, Tim Stenovec and Bloomberg News Senior Editor Nina Trentmann on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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Bloomberg Businessweek Weekend - December 12th, 2025
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.
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Stocks Tumble as Year’s Winning AI Bets Take a Hit
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Wall Street traders took profits on the year’s biggest artificial intelligence winners, dragging global gauges back from the brink of record highs. Longer-dated bond yields climbed.A disappointing sales outlook from Broadcom Inc. sent the chipmaker tumbling 11% and weighed on rivals, further fueling investor anxiety over AI wagers initially prompted by Oracle Corp. The AI bellwether’s stock drop started Thursday following a forecast for rising capital outlays and a longer timeline to a revenue payoff. The slump deepened Friday on a report of delays to some of Oracle’s data center projects. Shares of companies tied to the AI power infrastructure also slid.The Nasdaq 100 dropped 1.9% while The S&P 500 fell 1.1% after the index had notched a record close in the previous session. The Dow Jones Industrial Average and Russell 2000 pulled back from all-time highs. The selloff put a damper on the ebullience sparked by the Federal Reserve’s third-straight interest rate cut this week. Investors also had to contend with mixed messages from Fed officials after they left their outlook for a single cut in 2026 intact. Today's show features: Stephanie Guild, Chief Investment Officer at Robinhood Markets, on markets, retail investing trends., interest rates and Federal Reserve policy Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure Poonam Goyal on the coming CEO change at Lululemon as well as the firm’s latest earnings Bloomberg News Space Reporter Sana Pashankar and Bloomberg Intelligence Senior Defense Analyst Wayne Sanders on Friday’s Big Take detailing President Donald Trump’s proposed missile and air defense system that could cost more than $1 trillion Andrew Krei, Chief Investment Officer at Crescent Grove Advisors, on Federal Reserve policy and the market outlook See omnystudio.com/listener for privacy information.
Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.