The US Army wants to see new weapons on the battlefield faster. So the Pentagon will open up five military ranges to private industry to let them test drones, counter-drone technology, long-range missiles, low-cost air defense interceptors and other weapons. Bloomberg's Tyler Kendall sat down with US Army Secretary Dan Driscoll.
Take-Two shares climbed after quarterly bookings beat estimates, but investors remain focused on the biggest event in the company's pipeline, the launch of Grand Theft Auto VI. Bloomberg's Jason Schreier discusses what Take-Two is calling "unprecedented" preorder demand, why expectations for the game are so high, and what to watch for when Rockstar unveils an extended look at GTA VI gameplay ahead of its November release. He joins Ed Ludlow on "Bloomberg Tech."
The Federal Communications Commission voted along party lines Thursday to repeal a nationwide audience cap that historically has limited the number of TV-viewing households a single broadcaster could reach. FCC Chairman Brendan Carr led the vote overturning two decades of precedent in favor of a new case-by-case approach and teeing up a legal issue that is almost certainly headed for federal appeals court. Bloomberg's Matthew Schettenhelm joined Bloomberg Intelligence to discuss.
Lyft CEO David Risher discusses the company's growth compared to Waymo, its plans to expand internationally and where Lyft is focused internally. He speaks with Ed Ludlow on "Bloomberg Tech."
Activist investor Douglas Bergeron is pushing to replace Ethan Allen's entire board, arguing the furniture maker needs an overhaul of its leadership and governance. Ethan Allen Chairman & CEO Farooq Kathwari responds to the activist campaign on Bloomberg Open Interest.
Soaring markets have swollen the ranks of 401(k) millionaires, and companies have largely freed themselves from costly traditional pension plans in favor of self-directed, employee-funded savings that bestow tax benefits on employers and workers. Bruce Wolfe, founder at CS Wolfe & Associates, discusses how inflation and market uncertainty are changing the way we save for, and spend during, retirement.
US importers are rushing goods into the nation's two busiest ports, pushing up ocean transport costs during the wait for more tariffs and an extended bout of economic uncertainty stemming from the Iran war. Gene Seroka, CEO of the Port of Los Angeles, discusses port labor, innovation, and supply shocks impacting trade with the US.
Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed Friday. The unemployment rate fell to 4.1% as labor force participation continued to slide, and wage growth slowed. Claudia Sahm, Chief Economist at New Century Advisors and Constance Hunter, Chief Economist at EIU, react to July jobs data.
Tanger CEO Stephen Yalof says consumer spending has been strong amid the back-to-school shopping season. Speaking on "Bloomberg Open Interest," Yalof says the World Cup helped drive retail traffic and discusses the outlook for the holiday shopping season.
President Trump and Fed Chair Kevin Warsh talk about the economy "all the time," National Economic Council Director Kevin Hassett says on "Bloomberg Open Interest." Hassett says he's sure Trump is not telling Warsh what to do about interest rates.
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