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Need To Make Sure The US Is The Leader in AI, Not China Says Rep. Smith

Missouri Representative Jason Smith, a Republican, joined Balance of Power to discuss the year anniversary of the One Big Beautiful Bill as well as the recent news from OpenAI. When asked about the USMCA Rep. Smith said the Trump administration is saying it wants a better trading relationship through its decision not to renew its trade pact with Canada and Mexico.

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Bloomberg

Microsoft's 6,000-Person AI Push

Microsoft is building a 6,000-person AI deployment team to help businesses implement artificial intelligence.  Bloomberg' Tech co-host Ed Ludlow explains why the move mirrors the forward deployment engineer model pioneered by Palantir and adopted by AWS, and why hands-on AI implementation could be the key to unlocking enterprise ROI.

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Bloomberg

Iran's Floating Oil Hoard Swells

Bloomberg Intelligence Senior Commodity Strategist Mike McGlone says the oil fluctuations are part of a "normal cycle" A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington. More than 20 million barrels of Iranian crude have been idling in Asian waters for at least seven days, up nearly 18% from a week earlier, according to Kpler Ltd. Estimates for the overall volume of the country's oil on water  either in transit or stationary have ranged from 58 million to 68 million barrels since the US sanctions waiver kicked in last week, according to data from Vortexa and Bloomberg calculations.

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Bloomberg

Nuclear Reactor Powers Nvidia AI Chip in US First

Valar Atomics, a California-based nuclear startup, generated power from an advanced reactor to run an Nvidia AI chip. While just a trickle of electricity was produced, it's the first time a next-gen reactor has done so in the US. On the heels of a demonstration of Valar's Ward 250 reactor connecting to the Nvidia Blackwell chip at the company's site in Utah, Valar Atomics CEO Isaiah Taylor joins Ed Ludlow on "Bloomberg Tech."

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Bloomberg

How AI Creates Jobs

Lisa Simon, Chief Economist at Revelio Labs joined Bloomberg Open Interest to explain why a weaker-than-expected jobs report doesn't tell the whole story. Using hiring data from LinkedIn, Glassdoor, H-1B visa filings, she argues AI is helping fuel hiring, She explains why companies investing most heavily in AI are expanding both entry-level and experienced roles.

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Bloomberg

Kayne Anderson CEO on Bridgepoint Deal

Bridgepoint is making a $1.4 billion bet on US real estate. Kayne Anderson Real Estate Co-Founder and CEO Al Rabil says it's all about preparing for a "10-year supercycle." He joins Open Interest to explain why AI infrastructure, healthcare real estate, and long-term demographic trends are creating massive investment opportunities, and why the merger preserves his firm's autonomy while unlocking far more capital.

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Bloomberg

US Hiring Slows Sharply, Curbing Job-Market Momentum

US hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year.  Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months took some of the shine off recent blockbuster reports, Bureau of Labor Statistics data Thursday showed. Claudia Sahm, Chief Economist at New Century Advisors, reacts to the report.

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Bloomberg

Google Loses EU Antitrust Fight; Softbank Moves on Computing Power | Stock Movers

On this episode of Stock Movers: - SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources. - Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a 4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges said regulators were right to punish the US giant for abusing Android's market power.

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