Franklin Templeton Public Markets Senior Investment Strategist Katrina Dudley says despite the negative headlines around the AI circular trade, the market is being supported by strong earnings, a resilient consumer and reasonable valuations. She speaks to Bloomberg's Dani Burger on "Open Interest."
Franklin Templeton Public Markets Senior Investment Strategist Katrina Dudley says despite the negative headlines around the AI circular trade, the market is being supported by strong earnings, a resilient consumer and reasonable valuations. She speaks to Bloomberg's Dani Burger on "Open Interest."
Revelio Labs CEO Ben Zweig says AI-adopting firms continue to grow headcount, but hiring gains are concentrated among senior workers while entry-level hiring lags. He speaks with Dani Burger on Bloomberg Open Interest.
A rotation that has seen Wall Street investors bail from high-profile chipmakers in favor of more economically sensitive industries picked up speed, driving the Nasdaq 100 toward a technical correction. Lori Calvasina, Head: US Equity Strategy at RBC Capital Markets and Amy Wu Silverman, Head: Derivatives Strategy at RBC Capital Markets, discuss the latest market moves as the AI trade drives sentiment.
Federal Reserve officials headed into their policy meeting this week confronting a resurgence in price pressures that could make their decision on whether to hold or hike interest rates a close call and a contentious one. Thierry Wizman, Director: Global Currencies & Interest Rate Strategist at Macquarie, discusses what he expects to see from the Fed's July decision, as well as expectations for the Bank of Japan.
The Liverpool Football Club is trying to expand its fan base in the US and is here again for a summer tour. CEO Billy Hogan says the World Cup has been great for football. He speaks to Dani Burger on "Bloomberg Open Interest" about trying to attract new star players and growing the sport in the US.
On this episode of Stock Movers: - Coca-Cola (KO) shares are moving after it raised its full-year outlook, bolstered by demand last quarter while it served as a major sponsor of the FIFA World Cup. - PayPal (PYPL) shares are higher after it reported second-quarter earnings and revenue that topped Wall Street consensus estimates, and raised full-year adjusted profit guidance. CEO Enrique Lores commented on takeover speculation, saying the company remains open to evaluating opportunities, but its focus is on executing its strategic plan. - Hilton (HLT) shares are responding to the company reporting adjusted earnings per share of $2.29 for the three months through June, beating expectations of $2.27.
Meredith Whitney, CEO of Meredith Whitney Advisory Group, discusses the state of the economy, the outlook for Federal Reserve monetary policy and the expectations for corporate earnings this quarter on "Bloomberg Open Interest."
Bloomberg's Michael McKee reports that US consumer confidence for July declined to 90.8, below expectations of 92.4, as Americans' views about current business conditions and the labor market deteriorated.. He speaks on "Bloomberg Open Interest."
Visa is eliminating about 2,600 jobs, or roughly 7% of the workforce, as Chief Executive Officer Ryan McInerney seeks to make the firm more efficient. Paige Smith reports on Bloomberg Television.
