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Bloomberg Surveillance 12/2/2025

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond.

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Bloomberg Markets • Dec 2, 4:13 PM
REG

Merz’s German Pension Reform in Doubt After Caucus Test Vote

A test vote by lawmakers in Chancellor Friedrich Merz’s conservative caucus suggested his ruling coalition may struggle to get a disputed bill overhauling Germany’s state pension system approved in parliament this week.

A test vote by lawmakers in Chancellor Friedrich Merz’s conservative caucus suggested his ruling coalition may struggle to get a disputed bill overhauling Germany’s state pension system approved in parliament this week.
Bloomberg Politics • Dec 2, 4:03 PM
CAP

Burry Says Tesla Shares Are 'Ridiculously Overvalued'

Michael Burry called Tesla Inc.

Michael Burry called Tesla Inc. shares “ridiculously overvalued” and said shareholder dilution is set to continue after the proposed $1 trillion pay package for co-founder Elon Musk, according to a Substack post. Tom Narayan of RBC says he still likes the stock because he sees such potential in the humanoid robot market, but admits it's still too early to really know what's going to happen. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Bloomberg Markets • Dec 2, 3:41 PM
REG

Trump Pardons Ex-Honduras Leader Convicted of Drug Trafficking

President Donald Trump delivered on his promise to pardon former Honduran President Juan Orlando Hernandez, freeing the onetime leader from US prison where he was serving a 45-year sentence for drug trafficking.

President Donald Trump delivered on his promise to pardon former Honduran President Juan Orlando Hernandez, freeing the onetime leader from US prison where he was serving a 45-year sentence for drug trafficking.
Bloomberg Politics • Dec 2, 3:36 PM
REG

Putin Warns of Possible Strikes on Ukraine Allies’ Ships

Vladimir Putin warned that Russia may consider striking the ships of countries supporting Ukraine if a surge in attacks on Moscow’s tanker fleet continues, according to local media reports.

Vladimir Putin warned that Russia may consider striking the ships of countries supporting Ukraine if a surge in attacks on Moscow’s tanker fleet continues, according to local media reports.
Bloomberg Politics • Dec 2, 3:31 PM
CAP

PSP, Oaktree Among Direct Lenders Buying $2 Billion Hologic Debt

Canada’s PSP Investments, Oaktree Capital Management, Franklin Templeton and other private lenders snapped up about $2 billion of subordinated debt that banks had committed to after financing Blackstone Inc.

Canada’s PSP Investments, Oaktree Capital Management, Franklin Templeton and other private lenders snapped up about $2 billion of subordinated debt that banks had committed to after financing Blackstone Inc. and TPG Inc.’s buyout of Hologic Inc., according to people with knowledge of the matter.
Bloomberg Markets • Dec 2, 3:25 PM
CAP

Money-Market Assets Top $8 Trillion for First Time, Crane Says

US money-market funds now have more than $8 trillion in assets under management, a milestone for an industry that’s skyrocketed in popularity among investors thanks to its lofty yields.

US money-market funds now have more than $8 trillion in assets under management, a milestone for an industry that’s skyrocketed in popularity among investors thanks to its lofty yields.
Bloomberg Markets • Dec 2, 3:23 PM
CAP

Money-Market Assets Rise to Record $8 Trillion, Crane Says

US money-market funds now have more than $8 trillion in assets under management, a milestone for an industry that’s skyrocketed in popularity among investors thanks to its lofty yields.

US money-market funds now have more than $8 trillion in assets under management, a milestone for an industry that’s skyrocketed in popularity among investors thanks to its lofty yields.
Bloomberg Markets • Dec 2, 3:23 PM
LBO

GI Partners Set to Acquire Digita Group, Expanding Nordic Tower Footprint

GI Partners has announced its agreement to acquire Digita Group, a leading independent tower company in the Nordics, from DigitalBridge Group. The transaction, valued at an undisclosed amount, marks a strategic move to enhance GI Partners' portfolio in the telecommunications infrastructure sector.

USFM • Dec 2, 3:22 PM
CAP

Morgan Stanley's Wilson Sticks to His 7,800 Call for S&P 500

Morgan Stanley CIO and Chief US Equity Strategist explains why he thinks the S&P 500 will hit 7,800 a year from now.

Morgan Stanley CIO and Chief US Equity Strategist explains why he thinks the S&P 500 will hit 7,800 a year from now. He says a rolling recovery is being driven by strong earnings growth. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Bloomberg Markets • Dec 2, 3:15 PM