Roll out the red carpet... The Oscars take place on Sunday with host Conan O’Brien tasked with setting the right tone in the wake of the devastating Los Angeles fires. Anora, Conclave and The Brutalist enter the home stretch as the favorites to win best picture while Demi Moore is tipped to win best actress for her portrayal of a fading celebrity in sci-fi horror The Substance. Bloomberg's Marc Perrier tells us what to expect. -------- More on Bloomberg Television and Markets Like this video?