Bloomberg News and Videos — Page 143

Wall Street investors bracing for the start of the megacap earnings season sent stocks lower, with the market also falling as worries about an escalation in the Iran war boosted oil prices. Phil Orlando, Chief Equity Strategist at Federated Hermes, discusses the recent equity rally and where he sees risk.

The US 30-year bond yield is trading above 5% for the longest stretch since the dawn of the financial crisis, echoing investor concerns about a growing debt pile and sticky inflation.  Tony Crescenzi, Executive VP, Market Strategist, and Generalist Portfolio Manager at PIMCO discusses what he's seeing in bonds.

On this episode of Stock Movers: - Super Micro Computer (SMCI) shares jumped after the company issued a business update that included raising its fourth-quarter gross margins outlook and saying the backlog was at a record. - AT&T (T) is gaining after the telecom company reported second-quarter results that beat expectations on key metrics, including wireless postpaid phone net adds and adjusted earnings. - Reddit (RDDT) shares are lower after the Wall Street Journal reported that the social forum company has discussed cutting off Google's access to its content for AI use.

Wells Fargo & Co. Chief Executive Officer Charlie Scharf says he's "big time bullish on the US." He talks about the state of the US consumer, the economy, earnings and where his employees want to live and work. He speaks exclusively to Romaine Bostick on "Bloomberg Open Interest."

Wells Fargo & Co. Chief Executive Officer Charlie Scharf says "these times are really good for banks." He also says the firm is being very disciplined about adding investment banking resources. He speaks exclusively to Romaine Bostick on "Bloomberg Open Interest."

AT&T CEO John Stankey discusses second-quarter results that added more monthly wireless phone subscribers than analysts expected. Stankey says he's "pretty confident we can keep that moving going forward" as he discusses the results, the competitive landscape in wireless and broadband technologies, and the company's use of AI.

Susan Bell, senior VP of commodity markets, oil at Rystad Energy, says stock levels of refined products are "much more critical" than oil reserves as she examines stockpiles of crude and crude products in the global market.

Canadian Foreign Minister Anita Anand says that the country's PM Mark Carney spoke to Donald Trump yesterday and they agreed to intensify talks relating to trade. In a conversation with Bloomberg's Minmin Low, Anand adds that Canada is the only G7 country that has a free trade agreement with every other G7 country.

President Donald Trump and officials in Tehran signaled a renewal of peace talks is unlikely in the near-term as the US widened the scope of its airstrikes on Iran during an eleventh straight day of attacks. Tyler Kendall reports on Bloomberg Television.

Bank of Japan officials are reportedly open to raising interest rates at a faster pace than the consensus among economists, with no pre-set course in mind, as the yen's continued weakness adds to upside inflation risks. Morwenna Coniam reports on Bloomberg Television.