Bloomberg News and Videos — Page 66

David Kelly, Chief Global Strategist at JPMorgan Asset Management, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how biased information influences investor behavior.

US Treasuries rallied after data showed employers unexpectedly cut jobs in July, suggesting labor market challenges that could impact the Federal Reserve's willingness to raise interest rates. The yield on two-year US Treasuries, which are sensitive to near-term moves in Fed monetary policy, fell as much as nine basis points on Friday to 4.15% as traders cut bets on interest-rate hikes in the coming months. The moves were pared later in the New York trading session as oil rose, though the two-year yield remained about four basis points lower on the day near 4.20%. We get reaction from Tom Tzitzouris, Head of Fixed Income Research at Baird Strategas.

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.