Bloomberg News and Videos — Page 216

Tesla stunned Wall Street with a massive second-quarter delivery beat, While production also topped forecasts, the company offered virtually no commentary or explanation, leaving investors with more questions than answers.

Asian semiconductor stocks tumbled on Thursday, tracking tech losses on Wall Street after Meta Platforms Inc.'s plan to develop a business that would sell access to AI computing power raised worries about overcapacity. Brian Belski, CEO and founder at Humilis Investments, discusses the recent tech sector rout and what stocks he is keeping an eye on.

US hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year.  Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months took some of the shine off recent blockbuster reports, Bureau of Labor Statistics data Thursday showed. Claudia Sahm, Chief Economist at New Century Advisors, reacts to the report.

On this episode of Stock Movers: - SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources. - Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a 4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges said regulators were right to punish the US giant for abusing Android's market power.

US factory orders declined by 1.3% in May as durable goods orders fell 4.5%. Mike McKee reports on "Bloomberg Open Interest."

Rick Rieder, global fixed income CIO at BlackRock, says "hiring is stable, but I would say, broadly unimpressive," as he examines the June US jobs report. He also discuses a timeframe for an interest rate hike from the Federal Reserve, the lack of forward guidance from the Fed, and where he sees yield opportunities.

White House National Economic Council Director Kevin Hassett reacts to the June US employment report, saying the US jobs market is on an "upward trajectory." Speaking on "Bloomberg Open Interest," Hassett also criticizes former Federal Reserve Chairman Jerome Powell for staying on at the central bank.

Federal Reserve Bank of San Francisco President Mary Daly says inflation should start to slow but the economic outlook remains uncertain during a Bank of Spain event in Santander, Spain.

Rick Rieder, global fixed income CIO at BlackRock, says "hiring is stable, but I would say, broadly unimpressive," as he examines the June US jobs report.

Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says the June jobs report will help Federal Reserve Chairman Kevin Warsh be patient on rates as well as benefit the bond market. He speaks on "Bloomberg Surveillance."