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It's A 'Weird Time' For The US Economy, Says Christopher Smart

Christopher Smart, managing partner of Arbroath Group and former special assistant to the President at the National Economic Council under Obama, said that it is a 'weird time' for the US Economy as economic data shows solid numbers, but with weakening growth and geopolitical factors creating uncertainty. Smart said while he's sure the US will need data centers and the investment in AI, he is worried about how making profits on those investments have been pushed further and further down the line.

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Bloomberg
Financial

Google Takes On Apple, Samsung With New Phones

Google unveiled a slew of new hardware ahead of its Made by Google event, including its latest generation of Pixel smartphones. The new phones feature innovations such as a "HiLight" feature that transforms the camera flash into a notification indicator, improved scratch resistance, and brighter displays, but with higher starting prices due to a memory supply crunch. Bloomberg Senior Tech Editor Dana Wollman joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg
Financial

Why Open-Weight AI Models Won't Kill the Closed Model

AI demand continues to outstrip available computing capacity, and Morgan Stanley sees little risk of oversupply anytime soon. US thematic research strategist Michelle Weaver joins Bloomberg to discuss growing evidence of returns from corporate AI adoption, why labor and power remain critical constraints on the data center buildout, and why she expects companies to ultimately use a mix of open and closed AI models. She joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg
Financial

Hong, Crowley 'Two Sides of the Same Coin' Says Republican Rep. Steil

Wisconsin Representative Bryan Steil said that moderate David Crowley and democratic socialist Francesca Hong are 'two sides of the same coin' after Crowley pulled off an upset in the Democratic primary to face Republican Tom Tiffany in the fall. Steil said that he expects the race to be close and that he thinks that voters care more about 'kitchen table issues' than 'looking back' at Tiffany's stance on the 2020 election results.

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Bloomberg
Financial

Cava Sales Jump as Americans Flock to Pita Chips, Salmon

Cava is hot, kind of bucking a trend when it comes to eating out with prices generally rising. The fast-casual restaurant chain known for its Mediterranean-inspired dishes says sales rose faster than expected due to increased demand for its salmon and pita chips. Sales did slow down due the cyclospora outbreak. Michael Halen, Bloomberg Intelligence senior restaurant analyst, has more.

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Bloomberg
Financial

Democrats 'Crazy Train' is Still Rolling on, Says Terry Haines

Moderate Democrat David Crowley defeated Democratic Socialist Francesca Hong in Wisconsin's primary for governor, an upset in a race that had become a test of the party's ideological direction. Terry Haines, Founder of Pangea Policy, discusses the Wisconsin Governor Primary results as well as the outlook for government across the US as primaries continue in various states.

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Bloomberg
Financial

AI Boom Fuels Warehouse Demand

Luke Petherbridge, CEO of Link Logistics joined Bloomberg Open Interest to explain how the AI boom is creating a second wave of demand far beyond data centers themselves. Cooling equipment, chip manufacturing and infrastructure are filling warehouses across the country, while e-commerce and reshoring add even more pressure to an industrial market where new supply is falling.

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