Bloomberg News and Videos — Page 469

The University of Michigan's preliminary sentiment index increased to 54.4 in July, from 49.5 in June, according to the survey released Friday. That topped all estimates in a Bloomberg survey of economists. Mike McKee reports on "Bloomberg Open Interest."

Jeffrey Currie, chief strategy officer at Altis Partners, says "crude oil prices are the noise, product prices are the signal," as he explains why the global oil market has moved from deficit to shortage.

"I will be a pro-business leader of the Labour Party, as I was a pro-business mayor of Greater Manchester," Andy Burnham says in his first speech since formally becoming leader of the Labour Party. He will take over as prime minister from Keir Starmer on Monday.

Andy Burnham delivers a speech after he is officially named leader of the UK's Labour Party. "This is a proud moment," he says. Burnham is set to become the UK's next prime minister.

The US intensified attacks on Iran beyond military targets during a sixth straight day of hostilities. Iran responded by firing on US bases in Kuwait, Jordan and Bahrain, increasing fears of a return to full war with no agreement reached over the Strait of Hormuz. Tyler Kendall reports on Bloomberg Television.

Sunday's World Cup final pits Spain against Argentina. On the sidelines, a different kind of battle has been raging. The world's biggest sports brands have spent the tournament fighting for sales and buzz they hope will outlast the final whistle. Some of the biggest soccer stars have also been making headlines off the field for their fashion choices, with luxury man bags among the must-have accessories for the sport's elite. Bloomberg's Tim Loh and Bloomberg Opinion's Andrea Felsted discussed the World Cup's corporate wins on The Pulse with Francine Lacqua.

Andrew Sheets, global head of fixed income research at Morgan Stanley, says, "the Fed is not the problem" for markets, but "there is going to be ongoing concern around AI spending."

A surprise breakthrough from a Chinese artificial intelligence startup rippled through global markets Friday, sending AI and semiconductor stocks sharply lower. The catalyst was Moonshot's new Kimi K3 model, which the company said rivals the strongest offerings from OpenAI and Anthropic PBC. Bloomberg's Matt Bloxham breaks down the situation.

Anna Edwards, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Beata Manthey, European equity strategy head at Citi, discusses recent market moves and short-term volatility. She tells Bloomberg Television the outlook for global stocks over the next six-to-twelve months remains positive. "Major indices around the world are hitting or are close to all-time highs," Manthey says.