Apple unveiled the company's first foldable smartphone during a wide-ranging event Wednesday, betting that a new category can energize growth for its biggest-selling lineup. The iPhone Duo will start at $1,999 and cost up to $3,199. This was the first product reveal event for the new CEO John Ternus. Bloomberg's Ed Ludlow was there and reports from Apple Park in Cupertino, California.
Syzygy Asset Management Chairman Rob Arnott says the U.S. market looks frothy and expensive and warns that investors should not short a bubble, since bubbles can keep rising sharply before reversing. He speaks on "Bloomberg Open Interest."
Macy's shares fell after the retailer offered third quarter guidance that disappointed investors. Bloomberg's Romaine Bostick spoke to CEO Tony Spring on the phone and has more.
Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year. Michael McKee reports on "Bloomberg Open Interest."
Brent crude oil prices top $105 a barrel as rising tensions in the Middle East heighten concerns about global supplies. US gasoline prices hit a record over the Labor Day weekend. Bloomberg's Michael McKee has the data. Mike Reid of RBC says this all puts the Fed in a tough spot.
European Central Bank President Christine Lagarde discusses the ECB's reaction function and future rate path. She also answers a question about about her future as head of the ECB. "When there is something to report about me, personally, you'll be the first one to know after my grandchildren," Lagarde tells Bloomberg's Mark Schroers at a news conference in Berlin.
Ashwini Kumar Tewari, managing director at the State Bank of India says that corporate spending on new-age industries such as data centers is emerging as a key driver. Tewari speaks exclusively with Bloomberg's Haslinda Amin.
The US producer price index for August rose 0.4% from the prior month and 5.4% from a year earlier. Initial jobless claims fell by 1,000 to 206,000 for the week ending September 5. Bloomberg's Michael McKee reports.
European Central Bank President Christine Lagarde says the euro-zone economy is "resilient" despite "headwinds" caused by the energy shock. "Growth will increasingly be bolstered by business and housing investment," Lagarde tells reporters. "Export growth should benefit from rising foreign demand, but is being held back by competitiveness," she adds. Lagarde speaks at news conference in Berlin after policymakers voted to increase the deposit rate by a quarter-point to 2.5%, the second increase since the start of the US-Iran war.
The United Nations atomic watchdog says Iran is not cooperating with inspections and says there has been construction activity at Iran's Pickaxe Mountain, a site suspected of housing nuclear-related activities. IAEA Director General Rafael Mariano Grossi shares what they've found on "Bloomberg Surveillance."
Mexico Ambassador to the United States Roberto Lazzeri discusses trade talks between the US and Mexico, saying the two sides are "pretty much aligned with the overall objective." He speaks on "Bloomberg Surveillance."
Kurt Reiman, head of fixed income at UBS Global Wealth Management, says multiple factors and "definitely not just the deficit" are pushing bond yields higher and explains why he expects two interest-rate hikes from the Federal Reserve this year.
