Bloomberg Surveillance. Live from London and New York, bringing insight on global markets and the top business stories of the day.
The economy and markets are “under surveillance”. Bloomberg Surveillance, covering the latest news in finance, economics and investments.
Using a technique he has perfected over thousands of surfboards, Danny Hess makes the most beautiful, sustainable wooden surfboards in the world.
German Fertilizer Maker Sees Possible 25% Drop in Gas Supplies
European Energy Crisis Deepens as Power Prices Reach Records
Musk Says Twitter Hiding Witnesses He Needs in Buyout Fight
Disney+ Raises Streaming Price by 38%, Offers Plans With Ads
Ex-Arm Boss Resigns From SMIC’s Board as US-China Tensions Rise
Hong Kong Population Drops by Record as People Flee Covid Curbs
UK to Send More Multiple-Launch Rocket Weapons Systems to Ukraine
Manhattan Rents Jump to a Record as Hot Market Hits Peak Season
The Snowballing US Rental Crisis Is Sparing Nowhere and No One
Where Celebrities Go to Fix Their £5,000 Sneakers
A First Look at Aman New York, Now the City’s Most Expensive Hotel
Coffee’s Climate Woes: Elements by Clara Ferreira Marques
Climate Bill Alone Won’t Halve US Emissions by 2030
How the CDC Can Build Trust Around Monkeypox Shots
Booming Beef Industry Has Urban Cowboys Lining Up to Buy Cattle in Uruguay
The Work-From-Home Revolution Is Also a Trap for Women
How Employers Benefit From Offering Unlimited Paid Time Off
White People Get Bigger Share of Monkeypox Shots, Early Data Show
UK Home Rental Costs Set for More ‘Sharp’ Increases, RICS Says
Seoul to Ban ‘Parasite’-Type Basement Homes After Storm Deaths
France Taps Europe for Help in Fighting Drought-Fueled Wildfires
Climate Tech’s Urban Clusters Might Not Emerge Where You Expect
The Technology That Could Stop Speeders in Their Tracks
Driving Into Manhattan Is About to Get Even More Expensive
Bedrock, USA: A County Declares the End of the Pandemic
Philippines to Stop Permits for New Virtual Asset Service Firms
Unlocking the Value in NFTs
Ja Rule Joins Celebrity NFT Ranks With HBCU Donation
SEC Chair Gary Gensler lays out some sensible goals, but his proposals are a nonstarter.
Gary Gensler has some plans for crypto exchanges.
Photographer: Al Drago/Bloomberg
Aaron Brown
US Securities and Exchange Commission Chair Gary Gensler has released a video explaining how the agency will regulate cryptocurrency trading platforms. He lays out some sensible goals, but the proposals would prevent them from ever being reached.
Gensler is concerned about market manipulation, spoofing, front-running, phantom liquidity (orders that will be canceled before they can ever be executed), shadow liquidity (people willing to transact who will not expose their willingness in public orders), flash crashes and other ills. He says the New York Stock Exchange does a good job on these points thanks to SEC regulation, so those regulations should be ported to crypto exchanges.
