US President Donald Trump says he has decided who will be the next Federal Reserve chair, but he won’t be announcing it just yet. Bloomberg understands that White House National Economic Council Director Kevin Hassett is seen as the likely choice to succeed Jerome Powell. Hassett described the report as a rumor, but has said he would take the job if asked.
Cryptocurrencies fell sharply on Monday, bringing fresh momentum to a wide-ranging selloff that appeared to have settled. Bitcoin slid as much as 6% to below $86,000 in early Asia trading, while Ether dropped more than 7%. The original cryptocurrency shed 16.7% of its value in November, but regained ground last week. After the latest bout of selling on Monday, traders are bracing for bigger moves lower.
Today’s guests: Sam Lynton-Brown, BNP Paribas Markets 360; Timothy Ash, RBC BlueBay
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua 12/1/2025
00:01:14 – Roundtable: Stocks drop, Bitcoin slides & Trump says next Fed chair picked
00:04:21 – Sam Lynton-Brown, BNP Paribas Markets 360
00:08:02 – UK markets in focus after Reeve’s budget
00:10:51 – European markets in focus as ECB reiterates steady rates
00:12:08 – Bitcoin slides in poor December start
00:14:28 – Hassett on Trump’s Fed chair pick
00:14:56 – Airlines limit disruptions from Airbus glitch
00:18:32 – Oli climbs after OPEC+ reiterates pause
00:23:43 – Monday headlines
00:25:04 – US special envoy heads to Russia
00:27:08 – EU defense ministers to meet in Brussels
00:30:08 – Timothy Ash, RBC BlueBay
00:39:05 – Monday top stories
00:39:57 – Bloomberg Opinion: Private credit hysteria will get real very soon
00:43:32 – Crypto falls in risk-off start to December
00:44:51 – Black Friday sales rise from year earlier
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More on Bloomberg Television and Markets
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