Bloomberg News and Videos — Page 161

America's power grid is facing a new challenge: explosive electricity demand from AI and data centers. LS Power CEO Paul Segal joined Bloomberg Open Interest to explain why the US needs massive investments in transmission, batteries, natural gas, and renewables to keep the lights on, and why he believes natural gas will remain a cornerstone of the energy system for decades.

The University of Michigan says consumers are feeling better, but they're still worried about rising inflation. The latest survey shows sentiment at a five-month high, but consumers still expect prices to rise at an annual rate of 4.2% over the next year. Joanne Hsu, University of Michigan Surveys of Consumers Director, talks about the results on "Bloomberg Open Interest."

Builders increased multifamily starts in June by more than 76% to an annual rate of 532,000, following a nearly 40% plunge month earlier. Lisa Pendergast, Executive Director for the CRE Finance Council, discusses the path ahead for commercial real estate and the office to residential trend.

On this episode of Stock Movers: - Netflix (NFLX) shares fell the most in more than four years after the company forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant's future. - SpaceX (SPCX) shares tumbled on Friday, putting the rocket and artificial intelligence giant on track to wipe out more than $1 trillion in market value from its all-time high. - US regulators traced a parasite outbreak that's sickened thousands in Michigan and nearby states to shredded iceberg lettuce served at Taco Bell restaurants, identifying a single supplier as the apparent source.

Netflix plunged after weak guidance, but Citi Media and Entertainment Research Analyst Jason Bazinet says Wall Street is missing the bigger picture. He joins Open Interest to explain why engagement is driving investor fears. He also outlines untapped revenue opportunities and says Netflix's future depends on embracing YouTube-style creator content instead of buying traditional media companies.

The University of Michigan's preliminary sentiment index increased to 54.4 in July, from 49.5 in June, according to the survey released Friday. That topped all estimates in a Bloomberg survey of economists. Mike McKee reports on "Bloomberg Open Interest."

Jeffrey Currie, chief strategy officer at Altis Partners, says "crude oil prices are the noise, product prices are the signal," as he explains why the global oil market has moved from deficit to shortage.

"I will be a pro-business leader of the Labour Party, as I was a pro-business mayor of Greater Manchester," Andy Burnham says in his first speech since formally becoming leader of the Labour Party. He will take over as prime minister from Keir Starmer on Monday.

Andy Burnham delivers a speech after he is officially named leader of the UK's Labour Party. "This is a proud moment," he says. Burnham is set to become the UK's next prime minister.

The US intensified attacks on Iran beyond military targets during a sixth straight day of hostilities. Iran responded by firing on US bases in Kuwait, Jordan and Bahrain, increasing fears of a return to full war with no agreement reached over the Strait of Hormuz. Tyler Kendall reports on Bloomberg Television.