Bloomberg News and Videos — Page 179

President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement for all other cargo shipped via the waterway. Bloomberg's Stuart Livingstone-Wallace and Marisks CEO discuss the implications.

Analysts expect JPMorgan Chase & Co., Bank of America, Citigroup, Goldman Sachs Group and Morgan Stanley to report nearly $39 billion in trading revenue for the second quarter. Bloomberg's Balázs Penz breaks down the situation.

A first-of-its-kind report by the Australian government finds AI has not yet caused broad disruption in the nation's labor market. That's as the rising demand for AI is heightening concerns over the future of white-collar jobs. Scientia Professor of AI at the University of New South Wales Toby Walsh joins "Bloomberg: The Asia Trade" to discuss why Canberra needs to act now to mitigate the impact of AI and prepare workers for change.

Jean Chia, Global CIO at Bank of Singapore, discusses her outlook for equity markets and the broader investment environment. She speaks with Shery Ahn on the sidelines of the Bank of Singapore CIO Summit in Hong Kong on "Bloomberg: The Asia Trade".

Jennifer Parker, Adjunct Fellow at UNSW Canberra, discusses the legality and diplomatic implications of the US blockade and 20 percent cargo toll in the Strait of Hormuz. She draws on more than 20 years' experience in the Royal Australian Navy, including leading multinational maritime operations in the Middle East. Jennifer speaks with Haidi Stroud-Watts on "Insight with Haslinda Amin."

Here's a quick look at the numbers as China's exports surge in June while imports rise at the fastest clip in five years.

Investors are preparing for a significant earnings week as five of the six largest US banks, including JPMorgan, Citi, Wells Fargo, Bank of America, and Goldman Sachs, are scheduled to report their quarterly results within a few hours of each other. Mike Mayo, Head of US Large-Cap Bank Research at Wells Fargo, joined the program to share his outlook. He expects overall bank earnings to increase by 15 to 20 percent year-over-year, driven by a combination of strong Wall Street trading revenues and robust commercial loan growth on Main Street. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Steve Klinsky, Founder and CEO of New Mountain Capital, discussed the current state of private markets. He noted that recent redemption requests were primarily from retail investors in credit funds, which did not significantly impact institutional investor appetite. Klinsky highlighted that smarter institutional investors are increasingly moving into credit to capitalize on lower prices. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Gil Luria, D.A. Davidson technology and research head, says the fundamentals are still looking good for semiconductor and AI-related stocks. He speaks on "Bloomberg The Close."

Michaels CEO David Boone joined the hosts to discuss the company's recent growth and strategic transformation. Boone addressed the challenge of changing Michaels' longstanding reputation as a 'grandmother's store' into a more contemporary and beloved brand. He speaks with Romaine Bostick & Katie Greifeld on "The Close."