Bloomberg News and Videos — Page 518

Stew Leonard Jr., President and CEO of Stew Leonard's grocery stores, discussed the recent 4% increase in the average cost of an Independence Day meal for 10, now $73.82. He emphasized that despite the rise, the per-person cost remains reasonable compared to dining out. The primary driver of the price increase is beef, with meat prices rising from $2.50 to $2.75 due to a 75-year low in cattle herd sizes and strong demand for protein. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close."

Jim Caron, CIO of the Portfolio Solutions Group at Morgan Stanley Investment Management, discusses the current state of the stock market heading into the second half of the year. Despite significant gains earlier in the year, Caron addresses whether investors should remain overweight in equities amid recent volatility. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close."

Jacob Walthour Jr., CEO of Blueprint Capital Advisors, shares his expertise on account management and fund-to-fund services within private capital strategies. The discussion took place against the backdrop of ongoing redemption tensions in the private credit market, highlighting challenges and opportunities in managing private capital investments. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close."

Margot Kleinman, head of municipal research & portfolio manager at Nuveen, joins Scarlet Fu on "Bloomberg Real Yield." Municipal bonds helped 11 US World Cup Host Cities fund upgrades to transportation hubs, airports, and enhance security.

Sky Zone CEO Dave Hoffman said that the trampoline park company is looking to help parents give their kids the summer they deserve with membership deals as families feel squeezed by higher prices. Hoffman said that his company's thesis is about prioritizing 'active and social play' for kids as they navigate a very online world post covid.

Bloomberg's Rene Ismail joins Scarlet Fu on "Bloomberg Real Yield." The private credit industry was dubbed "shadow banking" as it took business away from traditional lenders. Buy Now, Pay Later companies have been referred to as hawking "phantom debt" that falls outside Wall Street's typical tracking methods.

Bloomberg's Sinead Cruise joins Scarlet Fu on "Bloomberg Real Yield." For the second straight quarter, two Blue Owl Capital private credit funds were hit with the industry's largest redemption requests, forcing the manager to again cap withdrawals.

Bloomberg News Boston money and power reporter Greg Ryan said that a Rhode Island tax increase on second homes is not just impacting the wealthiest residents like Taylor Swift, but that many residents with family properties worry about the impact on their finances. The Rhode Island tax comes as some other cities and states move to tax second homes at a higher rate, like the pied-a-terre tax proposed in New York City by Mayor Zohran Mamdani.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Norah Mulinda, and Tim Stenovec.

Nobel laureate Paul Krugman, a research professor at the City University of New York's Graduate Center, says all jobs data is "noisy" when reacting to the June US employment report. Speaking on "Bloomberg The Close," Krugman also says he is "disturbed" by Federal Reserve Chairman Kevin Warsh's point of view on monetary policy and warns that the Supreme Court's Trump v. Slaughter ruling gives too much discretionary power to President Donald Trump.