Gold Reasserts Lead Over Bitcoin as Top Hedge

Gold Reasserts Lead Over Bitcoin as Top Hedge

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, discusses while Bitcoin has tumbled more than 30% since October amid a brutal unwinding of speculative excess, gold has quietly held its ground, consolidating above $4,000 after a record-setting rally earlier this year. The crypto crowd has long claimed their investment shares gold’s appeal - a hedge against fiat debasement and inflation - only newer, shinier, and flashier. That thesis has come under serious pressure in macro markets: Year-to-date, gold is up more than 50%, while Bitcoin is down roughly 7%.

- Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals, discusses how a pill version of Novo Nordisk's Ozempic failed to slow the progression of Alzheimer’s disease in a pair of long-shot studies that aimed to open up a new use for blockbuster obesity drugs.

-Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses how for Nexstar, Sinclair and other US media broadcasters, a key opportunity is being pursued in the easing of US regulations on owning TV and radio stations. Though President Trump's Nov. 23 social-media post expressing concern about letting broadcasting networks expand heightens a key risk that we've warned of -- Trump can be unpredictable, and the FCC probably won't deregulate if he is opposed -- we don't yet see Trump's stance as thwarting the FCC's easing of a 39% US ownership cap.

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Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

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Bloomberg's Colitt on Impeachment of Brazil's Rousseff(Audio)

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Bloomberg's Cirilli on Trump and the GOP Establishment (Audio)

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11 Touko 20165min

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11 Touko 201619min

Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

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Miller Tabak's Maley: Fed Continues To Bail Out Congress(Audio)

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(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Matt Maley, Equity Strategist at Miller Tabak, with a macro look at the equity markets and monetary policy. Broadcasting live from the Boston Convention and Exhibition Center.See omnystudio.com/listener for privacy information.

10 Touko 201611min

Boston Ballet's Nissinen on William Forsythe Partnership(Audio)

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