Trump Taps Elon Musk & Vivek Ramaswamy for Govt Efficiency Effort | Bloomberg The Pulse 11/13/24

Billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency tasked to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” President-elect Donald Trump announced. The structure may allow Musk to avoid resigning from his companies including Tesla, the world’s largest electric vehicle manufacturer, and SpaceX, which dominates the worldwide rocket launch market. In Europe, Germany’s election campaign kicks into high gear today. Chancellor Olaf Scholz will make his case in a public address for another term, despite polls showing voters are overwhelmingly looking for a change. Scholz’s Social Democrats will tout the chancellor’s experience while criticizing the opposition leader Friedrich Merz, who heads the conservative CDU/CSU bloc and is leading opinion polls by a wide margin.

Today's guests: Mark Andersen, UBS GWM Global Asset Allocation Co-Head CIO; Jennifer Morgan, Germany State Secretary and Special Envoy for International Climate Action; Alain Li, Richemont Asia Pacific, former CEO & The French Chamber of Commerce and Industry in Hong Kong President; Dhara Vyas, Energy UK CEO

Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:01:21 - Market check
00:02:06 - Mark Andersen, UBS GWM Global Asset Allocation Co-Head CIO
00:07:49 - Trump picks Musk, Ramaswamy to lead government efficiency effort
00:11:09 - Scholz to make case for another term today
00:12:55 - Jennifer Morgan, Germany State Secretary and Special Envoy for International Climate Action
00:20:20 - EXCLUSIVE: Jens Stoltenberg, Former NATO General-Secretary
00:21:20 - Headlines
00:22:19 - Alain Li, Richemont Asia Pacific, former CEO & The French Chamber of Commerce and Industry in Hong Kong President
00:34:57 - Musk's new project in Trump government
00:39:36 - Dhara Vyas, Energy UK CEO
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