Elon Musk reveals a new prototype of Tesla's Roadster sports car at a SpaceX facility in Texas. The car includes air thrusters which can launch the vehicle into the sky. Musk showed off this capability at the event. The car won't go into production until 2028. Musk says this shows what can happen when his companies work together. Bloomberg's Craig Trudell reports.
Rick Wurster, president and CEO at The Charles Schwab Corporation, discusses customer trends in investing, efforts to attract younger investors, and why the firm is blocking unauthorized AI agents. He speaks on Bloomberg Television. (Corrects spelling of "Charley" in video headline)
Rick Wurster, president and CEO at The Charles Schwab Corporation, discusses customer trends in investing, efforts to attract younger investors, and why the firm is blocking unauthorized AI agents. He speaks on Bloomberg Television.
Tesla shares rose in premarket trading Friday morning after Elon Musk unveiled its long-delayed Roadster sports car that includes air thrusters. The car actually launched into the sky during an event at a SpaceX rocket facility in Texas. Musk has been signaling he may try to combine the companies. Matthew Bloxham of Bloomberg Intelligence has more.
Priya Misra, Core Plus Bond ETF portfolio manager at JPMorgan Asset Management, says moves in the bond market are "overdone," pricing in three interest-rate hikes by the Federal Reserve. Misra also says fixed income is a "really attractive asset class" to hedge the AI trade.
UBS Chief Economist Arend Kapteyn discusses the Fed's rate outlook following hotter inflation data, the impact of AI investment and borrowing on bond yields, and why he believes AI fundamentals remain strong despite the recent market selloff. Kapteyn also weighs in on Europe's economic challenges, competition with China and France's fiscal outlook. He spoke on Bloomberg Brief.
As the EU weighs new measures to block Chinese imports, Shahin Vallée of the German Council on Foreign Relations and formerly of the French Ministry of the Economy and Finance, joins Bloomberg's Anna Edwards, Guy Johnson, and Tom Mackenzie on "The Opening Trade." "I think more than a measure to rebalance trade with China, it is a measure to try to rebalance the negotiations that are taking place."
Andrew Balls, global fixed income CIO at Pimco, says one to two further interest-rate hikes from the Federal Reserve "seems reasonable" as the central bank targets a return to 2% inflation. He also explains why he sees "good value" in the long end of the Treasury yield curve amid uncertainty around artificial intelligence. He speaks on "Bloomberg Surveillance."
Vale CEO Gustavo Pimenta says iron ore prices should be "a little higher" as surging energy and freight costs make about 10% of global seaborne supply unprofitable. Iron ore futures in Singapore fell below $90 a ton this week for the first time in two years and are down about 15% in 2026. Speaking on "The Pulse With Francine Lacqua", Pimenta discussed Chinese demand, rising mining costs and what Brazil's presidential election outcome could mean for the country's mining sector.
Taiwan plans to tighten export controls on AI chips in an effort to further align with US restrictions, joining a Trump administration clampdown on the smuggling of semiconductors to China. Neil Campling reports on Bloomberg Television.
