Daybreak Weekend: Shutdown Averted, Autumn Statement, Fentanyl Crisis

<p>Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.</p> <p>1) Earnings continue...one big company reporting this week is Nvidia. According to Bloomberg Intelligence...<a href="https://www.bloomberg.com/news/articles/2023-11-13/nvidia-upgrades-processor-as-rivals-challenge-its-ai-dominance">Nvidia is likely to report another beat in its fiscal 3Q earnings results and guidance.</a></p> <p>2) In the UK: <a href="https://www.bloomberg.com/news/articles/2023-11-17/uk-chancellor-has-wafer-thin-room-for-tax-cut-analyst-says">Chancellor of the Exchequer Jeremy Hunt likely has limited scope to ease fiscal policy in his upcoming Autumn Statement.</a> Bloomberg Economics expects near-term growth and inflation impact of the Autumn Statement will be broadly neutral.</p> <p>3) In Asia: The Biden administration’s <a href="https://www.bloomberg.com/news/articles/2023-11-17/us-removal-of-chinese-lab-from-entity-list-marks-rare-reversal">decision to remove a Chinese organization from a sanctions list as part of a deal to combat the fentanyl crisis</a> marks an unusual concession to Beijing’s complaints over US trade restrictions. </p> <p>4) In Washington: President Joe Biden signed a stopgap bill to extend government funding into early 2024, <a href="https://www.bloomberg.com/news/articles/2023-11-17/biden-signs-bill-averting-shutdown-teeing-up-2024-budget-battle">averting a government shutdown for now but kicking a politically-divisive debate over federal spending into a presidential election year.</a></p> <p>Full transcript: <br /><br /></p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>