Bloomberg News and Videos — Page 338

The markets are "terribly wrong" to price in an interest rate hike this year by the Federal Reserve, says National Economic Council Director Kevin Hassett. He speaks on "Bloomberg Open Interest." US job growth topped all estimates in May.

BlackRock Global Fixed Income CIO Rick Rieder says the US economy is tricky right now, comparing it to a three-month-old birthday cake where the icing tastes great but underneath isn't so good. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder says AI will change the ecosystem and the Federal Reserve should pull back a bit to evaluate.

BlackRock Global Fixed Income CIO Rick Rieder reacts to the May US employment report. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder calls the report "fascinating" in many regards, including a strong construction sector driven by nonresidential projects linked to AI infrastructure buildout.

Jeffrey Rosenberg, BlackRock portfolio manager of the Systematic Multi-Strategy Fund, says after the May payrolls report, they're on the precipice of pricing in a full rate hike for this year. But he says policymakers are in no hurry to raise rates. He speaks on "Bloomberg Surveillance."

Stephanie Roth, chief economist at Wolfe Research, says, "it doesn't seem like inflation is accelerating in a material way," as she examines the US May jobs report and what it means for Federal Reserve policy.

Hiring in the US surged in May. 172,000 jobs were created topping all forecasts. The estimate was for 88,000. The unemployment rate held steady at 4.3%. Bloomberg's Michael McKee has more on this blowout report on Bloomberg Surveillance.

Progress has stalled between the US and Iran in talks over an interim peace deal this week amid their worst clashes since an April ceasefire began and the continuation of fighting in Lebanon. Abeer Abu Omar reports on Bloomberg Television.

Lisa Shalett, CIO at Morgan Stanley Wealth Management, sees investors mistaking pricing power in semiconductors as productivity and says she views Broadcom as "a warning flag" for markets.

S&P Dow Jones Indices will not shorten its existing eligibility requirements for benchmarks including the S&P 500, closing the door to fast entry for big tech IPOs like SpaceX. Mandeep Singh of Bloomberg Intelligence has more.

Scott Wiener, Senator at California State Senate discusses AI regulation, transparency and public policy frameworks with Bloomberg's Brad Stone at Bloomberg Tech 2026 in San Francisco.