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Bloomberg
Financial

AI Buildout: Benefits & Challenges as Chip Stocks Rally

Nora Wittstruck, Chief Analytical Officer for Governments at S&P Global Ratings, discussed the current and future impact of AI adoption on government credit quality. She emphasized that while AI represents a broad range of technologies, its influence on credit quality will not be immediate. She speaks with Scarlet Fu & Isabelle Lee on "The Close."

Read more: AI Buildout: Benefits & Challenges as Chip Stocks Rally
Bloomberg
Financial

Trade Data Hasn't Caught Up With Trump Policy Changes, Says Peter Harrell

Peter Harrell, former White House senior director for international economics in the Biden Administration and visiting scholar at Georgetown, said President Trump has not brought tariff rates back to their original rate because war with Iran has driven energy prices higher. Harrell also said that while US trade and investment policy has changed, the data coming into the administration and out to the public has not yet caught up and it remains an question what the impact of these changes will be.

Read more: Trade Data Hasn't Caught Up With Trump Policy Changes, Says Peter Harrell
Bloomberg
Financial

DOJ's Dhillon on Election Security, Working With Trump

Assistant US Attorney General for Civil Rights Harmeet Dhillon says the Department of Justice is part of the executive branch and reports to the president. She says it's "ludicrous" to think the DOJ should be independent. She also says the DOJ will be deploying 1,000 monitors to make sure the midterm elections are secure. She speaks on "Balance of Power."

Read more: DOJ's Dhillon on Election Security, Working With Trump
Bloomberg
Financial

Iran Feels It Has 'New Leverage' In MidEast Amid War with US

Michael Allen, managing director of Beacon Global Strategies and a former national security aide to President George W. Bush, said Iranians feel they have "a lot of new leverage" they didn't have before the US and Israel launched strikes as Iran's government looks to rebuild its influence in the region. Allen also discussed President Trump's decision to pull back on military exercises with South Korea, saying he doesn't know what South Korea has done to deserve a chilling in US-South Korea relations.

Read more: Iran Feels It Has 'New Leverage' In MidEast Amid War with US