CORRECT: Ray Dalio Says He’s Not Sick After Tweet Speculation

A day earlier, the billionaire founder of investment management firm Bridgewater Associates, tweeted about a deadly episode of Barrett’s Esophagus …

(Bloomberg) — Ray Dalio took to Twitter on Friday afternoon to reassure his nearly 300,000 followers that his health is well.

“To be clear, I’m not sick,” he wrote, stating that some people had misunderstood the sharing of a past illness he had used in the demonstration of one of the principles featured in his coaching app. “That case happened 6 years ago and that health issue is long gone.”

A day earlier, the billionaire founder of investment management firm Bridgewater Associates, tweeted about a deadly episode of Barrett’s Esophagus “with high grade dysplasia” as he explained a principle in his app and book “Principles in Action.”

The condition, which usually converted to cancer of the esophagus at a rate of about 10 percent a year, was “a profoundly important personal case for me that I’m sharing with you to show you how valuable my principle about triangulating well can be,” Dalio said before adding that he’ll host an ask-me-anything session on LinkedIn on Monday.

“I’ll be answering your questions about work principles and how to create an idea meritocracy built on radical truthfulness and radical transparency,” he said.

Read More: In Dalio’s Quest to Outlive Himself, Principles to Become Law

(Updates to include Dalio’s Ask Me Anything session in paragraph 5)

To contact the reporter on this story: Nathan Crooks in Miami at ncrooks@bloomberg.net

To contact the editors responsible for this story: Sebastian Tong at stong41@bloomberg.net, Patrick McHale

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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PM Narendra Modi to be keynote speaker at Bloomberg Global Business Forum

… of Goldman Sachs, Jamie Dimon of JPMorgan Chase, Michael Corbet of Citibank, Tidjane Thiam of Credit Suisse and Dara Khosrowshahi of Uber.

Prime Minister Narendra Modi will deliver the keynote address at the 3rd Bloomberg Global Business Forum, which will feature several top global political and business leaders, on September 25 during his visit to New York. After his address, Modi will participate in a conversation with entrepreneur and climate change activist Michael Bloomberg.

The forum on the theme “Restoring Global Stability” will focus on “aligning governments and businesses on combating the greatest current threat to global prosperity — the rise of economic and environmental instability,” according to the organisers.

“Meeting big challenges requires governments and businesses to work together, especially at a time when tensions and temperatures are both rising around the world,” said Bloomberg, who is the United Nations Special Envoy for Climate Action, and WHO Global Ambassador for Noncommunicable Diseases.

Listed as participants in the forum are titans from the business and political world, including former US President Bill Clinton; Christine Lagarde, incoming President of the European Central Bank and former head of the International Monetary Fund; New Zealand Prime Minister Jacinda Arden; Bank of England Governor Mark Carney; and CEOs Bob Iger of Walt Disney, David Solomon of Goldman Sachs, Jamie Dimon of JPMorgan Chase, Michael Corbet of Citibank, Tidjane Thiam of Credit Suisse and Dara Khosrowshahi of Uber.

Mahindra Group is one of the partners of the forum.

Watch Zee Business Live TV

Bloomberg, a former Mayor of New York, is also the founder of Bloomberg financial information company and a philanthropic foundation.

Former British Prime Minister Theresa May was the keynote speaker at last year`s forum.

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The Daily Chase: Shopify helps push TSX to new record; Ontario pot licences delayed

-Montreal’s Element AI today announced it raised $200 million in a Series B financing via names like the Caisse de dépôt et placement du Québec, …
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Noah Zivitz

Managing Editor, BNN Bloomberg

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The TSX Composite reached a new all-time high of 16,696.40 yesterday before pulling back in the last hour of trading and failing to set a new closing record. This morning we’ll dig into the anatomy of what propelled Canadian stocks to their intraday peak, with Shopify by far the most influential contributor.

ONTARIO POT LICENCE TURMOIL

The bumpy rollout of legal recreational cannabis stores suffered another setback yesterday after an Ontario judge ordered a two-week suspension of the licensing process after 11 Ontario lottery winners challenged their recent disqualifications. It boils down to a debate over whether they adhered to the provincial regulator’s timeline for submitting all necessary documentation. Now, the whole process is on hold until Sept. 25. Read all about it here.

HOUSEHOLD DEBT WATCH

If pocketbook issues determine elections, Statistics Canada’s latest national balance sheet and financial flow accounts run the risk of being politicized. And according to today’s numbers, Canadians were carrying a little more than $1.74 of credit market debt for every dollar of disposable income in the second quarter of this year, marking a modest uptick from Q1 when the closely watched ratio sat at 172.83.

CHINA-U.S. TRADE LATEST

More signs of incremental progress as China and the United States gear up for the next round of trade talks: China is exempting certain American agricultural products (including pork and soybeans) from additional tariffs and nudging domestic companies to buy those commodities. Meanwhile, U.S. President Donald Trump told reporters late yesterday he would “consider” an interim deal along the lines of what our Bloomberg partners reported.

OTHER NOTABLE STORIES

-WeWork has a home for its initial public offering, confirming today its shares will list on the Nasdaq. It also announced some governance changes, including halving the voting clout of existing shareholders to 10 votes per share from 20 and declaring no member of CEO Adam Neumann’s family will sit on its board. We’ll assess whether it’s enough to assuage concerns that had, reportedly, put the IPO’s future in doubt.

-In other IPO news: Smile Direct Club had miserable debut as a public company as its shares plunged almost 28 per cent yesterday.

-Montreal’s Element AI today announced it raised $200 million in a Series B financing via names like the Caisse de dépôt et placement du Québec, McKinsey and Quebec’s government.

-The London Stock Exchange Group this morning officially rejected the unsolicited US$36.6-billion proposal recently tabled by Hong Kong Exchanges and Clearing and said it “sees no merit in further engagement.”

NOTABLE RELEASES/EVENTS

-Notable data: Canadian national balance sheet and financial flow accounts, U.S. retail sales

-9:00 a.m. ET: NDP Leader Jagmeet Singh discusses NDP plan to lower cellphone bills at campaign stop in Toronto

-9:30 a.m. ET: Liberal Party Leader Justin Trudeau makes policy announcement in Trois-Rivières, QC (plus avail)

-10:00 a.m. ET: Conservative Party Leader Andrew Scheer makes announcement in Mississauga, ON (plus avail)

-11:30 a.m. ET: Ontario Treasury Board President Peter Bethlenfalvy and Finance Minister Rod Phillips make announcement in Toronto on fiscal sustainability

-11:45 a.m. ET: NDP Leader Jagmeet Singh addresses Canadian Club in Toronto

Every morning BNN Bloomberg’s Managing Editor Noah Zivitz writes a ‘chase note’ to BNN Bloomberg’s editorial staff listing the stories and events that will be in the spotlight that day. Have it delivered to your inbox before the trading day begins by heading to www.bnnbloomberg.ca/subscribe.

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Third Annual Bloomberg Global Business Forum Keynote to Be Delivered by Prime Minister of the …

… about managing risk in technology between Dara Khosrowshahi, Uber CEO, and Ruth Porat, Alphabet and Google Senior Vice President and CFO.

NEW YORK, Sept. 13, 2019 /PRNewswire/ — Today the initial program for the third annual Bloomberg Global Business Forum (GBF) was announced. GBF will open on September 25, 2019 at 8:30 a.m. at The Plaza Hotel with remarks from Michael Bloomberg and a keynote address by the Honorable Narendra Modi, Prime Minister of the Republic of India, which will be followed by a conversation between Prime Minister Modi and Mr. Bloomberg focusing on opportunities to strengthen global economic stability, tackle climate change, promote economic growth, and advance technologies that can improve society. Supported by Bloomberg Philanthropies, the day-long Forum is the leading public-private gathering alongside the 74th United Nations General Assembly convening hundreds of CEOs and heads of state and government.

“As the global community experiences heightened economic tensions and political polarization, the Forum is a chance for both public and private sector leaders to discuss avenues for collaboration and partnership,” said Michael Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, mayor of New York City 2002-2013, UN Secretary-General’s Special Envoy for Climate Action, and WHO Global Ambassador for Noncommunicable Diseases and Injuries. “We can’t afford to sit idle when trade wars are escalating, the planet is warming, and some of the world’s biggest economies are at risk of a recession.”

Other highlights of the 2019 GBF plenary include Bob Iger, The Walt Disney Company Chairman and CEO, and Jamie Dimon, JPMorgan Chase Chairman and CEO, in conversation; a session on seeking global stability through cooperation on trade and climate led by Zanny Minton Beddoes, The Economist Editor-in-Chief, with the Right HonorableJacinda Ardern, Prime Minister of New Zealand, Cecilia Malmström, European Commissioner for Trade, European Commission, Tidjane Thiam, Credit Suisse CEO,and Michael Corbat, Citigroup CEO; and two panels on transitioning the financial system toward, and spurring investments in, a low-carbon economy moderated by Mark Carney, Governor of the Bank of England, and Christine Lagarde, former Managing Director of the International Monetary Fund and incoming President of the European Central Bank, with the founding members of the Climate Finance Leadership Initiative, which Michael Bloomberg chairs: Samir Assaf, HSBC Global Banking & Markets CEO, Denis Duverne, AXA Group Chairman of the Board of Directors, Hiro Mizuno, Japan Government Pension Investment Fund Executive Managing Director and CIO, David M. Solomon, The Goldman Sachs Group Chairman and CEO, Francesco Starace, Enel CEO and General Manager, Andreas Utermann, Allianz Global Investors CEO, and Shemara Wikramanayake, Macquarie Group CEO. There will also be a conversation between David M. Rubenstein, The Carlyle Group Co-Founder and Co-Executive Chairman, and Host of The David Rubenstein Show: Peer to Peer Conversations, and the Honorable Xie Zhenhua,Special Representative for Climate Change Affairs of China, discussing China’s progress and challenges in tackling climate change, their leadership in green finance, upcoming developments in its carbon market, and Minister Xie’s co-chairmanship, with Michael Bloomberg, of the Global Climate Action Initiative.

Key programming continues on the Edwardian Room main stage with interviews hosted by broadcast partners including a Bloomberg Television discussion about managing risk in technology between Dara Khosrowshahi, Uber CEO, and Ruth Porat, Alphabet and Google Senior Vice President and CFO. Additional programming will be announced soon.

Following the morning stage sessions, world leaders and CEOs will meet in breakouts to form new partnerships and ways to work together across government and business to meet some of the most pressing global challenges. The 43rd Presidentof the United StatesGeorge W. Bush and First LadyLaura Bush will convene a roundtable discussion focusing on the impact of partnerships on the HIV/AIDS epidemic in Africa, results of efforts to prevent and control cervical cancer for women living with HIV, and strategies to continue improving the physical health and economic vitality of people on the continent. H.E.Iván Duque Márquez, President of Colombia, and the 42nd President of the United StatesBill Clinton will host a roundtable on how a robust economic outlook for Colombia, coupled with international partnership and investment, will help create stability in the region, as well as preserve and strengthen the environment.

Other breakout sessions will address closing the gender equality gap, attended by the Right HonorablePatricia Scotland QC, Secretary-General of the Commonwealth, and David Lipton, International Monetary Fund Acting Managing Director; decarbonization trends in the energy sector, with the participation of H.E. Carlos Alvarado Quesada, President of the Republic of Costa Ricaand H.E Dr. Ali bin Masoud al Sunaidy, Minister of Commerce and Industry and Deputy Chairman of the Supreme Council for Planning of the Sultanate of Oman; and the reality of retirement, which will include H.E. Kyriakos Mitsotakis, Prime Minister of the Hellenic Republic. Additional breakout sessions and broadcast interviews will be shared in the weeks to come.

The 2019 Bloomberg Global Business Forum’s one-of-a-kind platform for collaboration and goal setting will move beyond analysis and provide participants with a chance to shape an economy that creates opportunity while meeting our collective challenges. The day will highlight extraordinary leadership that is building economic and environmental stability and will provide examples of action for others to follow.

Please visit www.BloombergGBF.com for the latest program details and confirmed speakers. Follow Mike Bloomberg on Twitter, Facebook, and Instagram, and Bloomberg Philanthropies on Facebook, Instagram, and Twitter for GBF news and highlights. Please use the official Forum hashtag #BloombergGBF.

Members of the media interested in registering to cover the 2019 Bloomberg Global Business Forum can visit this link. Any media-related questions should be directed to press@BloombergGBF.com.

About Bloomberg Philanthropies

Bloomberg Philanthropies invests in 510 cities and 129 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on five key areas for creating lasting change: Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation and personal philanthropy as well as Bloomberg Associates, a pro bono consultancy that works in cities around the world. In 2018, Bloomberg Philanthropies distributed $767 million. For more information, please visit bloomberg.org or follow us on Facebook, Instagram, YouTube and Twitter.

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Sequoia-Backed Plus.ai, China’s FAW Set Up Self-Driving Truck Venture

Sep.13 — David Liu, chief executive officer of Plus.ai Inc., a Silicon Valley-based self-driving trucking technology company backed by Sequoia Capital, …

Sep.13 — David Liu, chief executive officer of Plus.ai Inc., a Silicon Valley-based self-driving trucking technology company backed by Sequoia Capital, talks about its joint venture with FAW Jiefang, China’s largest truck maker. Richard Zhang, chief financial officer of Full Truck Alliance Group, the country’s largest truck-sharing platform that invests in Plus.ai, also speaks on “Bloomberg Markets: Asia.”

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