Bloomberg News and Videos — Page 304

Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financing risks associated with AI investments. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Bloomberg's Ed Ludlow and Bailey Lipschultz break down the final developments from SpaceX as the company prepares to go public with a record-breaking IPO on Friday. Elon Musk's aerospace company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each, according to a statement on its website Thursday. When asked about what's driving the interest despite the lack of current profits, Ludlow says that many investors believe that profitable opportunities that SpaceX have set out for the future, including data centers in space, may occur even sooner that the company is predicting.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Bloomberg's Michelle Jamrisko said that while President Trump said that a deal to end conflict with Iran has been approved by a host of MidEast countries, Iran itself is not included on that list. Jamrisko says that this may be another instance of the push and pull between Iran and the US as the two sides negotiate and that any announcement from either side should be viewed with caution.

President Donald Trump says a deal to end the war with Iran could be signed within days. "We just made a great settlement of the war with Iran, and we're going to be subject to finalization of documents, we should get done over the next few days," Trump said. Romaine Bostick and Katie Greifeld report.

SpaceX has made history with the biggest-ever IPO, selling 555.6 million shares at $135 each, and has a market value of $1.77 trillion. Trading is set to begin on the Nasdaq Friday. Elon Musk could now become the world's first trillionaire. Ed Ludlow has all the breaking details.

Rebecca Grant, senior fellow and vice president for defense programs at the Lexington Institute, said that the US is better positioned to take over Kharg Island than it was at the start of the war and that it is 'very doable' for the forces central command has in the region. Grant said that because the US has air dominance in the region and controls all of the ways of approach, there would not need to be a big American troop presence on the island itself.

Bloomberg Tech 2026 took place in San Francisco bringing together the leading CEOs, investors and innovators who are harnessing technology to change the world around us. The summit opened with a look at the state of the industry and AI.

Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council, said that there is a chance that President Trump was pushing for something that Iranian negotiators had not 'fully signed off on' when he announced the cancellation of planned strikes on Iran. Panikoff said that despite the quickly changing narrative over a few hours, it is more likely if a deal comes together it is because of ongoing negotiations over multiple weeks.

Matthew McQueen, head of global FICC micro overseeing mortgages & securitized products, municipal banking & markets, and global credit at Bank of America, joins Scarlet Fu on "Bloomberg Real Yield."