Name: Trump Cancels Second Attack on Venezuela; SCOTUS to Convene on Tariffs | Bloomberg Brief 1/9/2026
Uploaded: 2026-01-09T12:06:51+00:00
Duration: 2573 s

Speakers

Vonnie Quinn — Anchor, Bloomberg

Tom Mackenzie — Anchor, Bloomberg

Mark Burton — EMEA Mining and Metals Coverage Lead, Bloomberg

Sylvia Wessel — Editor, DL News

Valerie — Reporter, Bloomberg

Veronica Clark — Economist, Citi

Summary

The Bloomberg Brief episode focused on markets awaiting the December jobs report and a possible Supreme Court ruling on Trump's global tariffs. Investors also monitored Trump's cancellation of a second attack on Venezuela and a White House meeting with oil executives. Corporate news included TSMC's strong revenue, GM's EV write-down, Merck interest in Revolution Medicines, and Rio Tinto-Glencore merger talks. Citi's Veronica Clark expected weaker labor demand and a higher unemployment rate, which could push the Fed toward cuts.

Markets await December payrolls and a potential SCOTUS tariff ruling.
Trump cancels a second Venezuela attack and meets oil executives.
Trump directs Fannie/Freddie to buy $200B mortgage bonds; mortgage lenders rally.
GM announces an additional $6B EV write-down.
Merck is reported in talks to buy Revolution Medicines.
TSMC revenue beats estimates on AI chip demand.
Rio Tinto and Glencore discuss a merger, with copper and coal as key issues.
Citi's Veronica Clark expects unemployment to rise to 4.7% and Fed cuts.

Ideas

Vonnie Quinn Anchor, Bloomberg 1:31

Copper may have peaked; prices could fall.

Goldman Sachs thinks copper may have peaked and prices could decline, because President Trump is likely to delay copper tariffs later this year amid an affordability push, reducing a source of near-term price support.

Sylvia Wessel Editor, DL News 8:19

Market favors short-dated over long-dated Treasuries.

Market positioning has favored short-dated debt over long-dated debt as investors expect Fed cuts further out, but the jobs report and tariff/Fed chair uncertainty could provide the next directional catalyst; the 10-year Treasury remains rangebound.

Tom Mackenzie Anchor, Bloomberg 12:21

TSMC and ASML benefit from AI demand.

TSMC's quarterly revenue rose 20% to above $33 billion and beat estimates, reinforcing expectations of continued AI/datacenter demand; TSMC's expected 2026 capex of about $48 billion should also benefit semiconductor infrastructure suppliers such as ASML.

Mark Burton EMEA Mining and Metals Coverage Lead, Bloomberg 15:26

Rio-Glencore merger talks face copper, coal hurdles.

Rio Tinto and Glencore are in preliminary merger talks to create the world's largest miner with a combined market value above $200 billion; copper is the strategic rationale, while coal ownership alignment and antitrust scrutiny, especially in China, are key hurdles.

This Bloomberg Markets video, published January 09, 2026, features Vonnie Quinn, Sylvia Wessel, Tom Mackenzie, Mark Burton discussing COPPER, SHY, TLT, TSM, ASML, RIO, GLNCY. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Vonnie Quinn, Sylvia Wessel, Tom Mackenzie, Mark Burton · Tickers: COPPER, SHY, TLT, TSM, ASML, RIO, GLNCY

Trump Cancels Second Attack on Venezuela; SCOTUS to Convene on Tariffs | Bloomberg Brief 1/9/2026

Summary

Ideas

Up Next