"They're going to give some of that back to the public, and they better cut the retail price," President Donald Trump says when asked about the profits of ExxonMobil and Chevron during remarks with reporters at the White House.
Bloomberg's Isabelle Lee joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." Corgi is on pace to launch roughly 500 ETFs within its first year, more than BlackRock accumulated over many years. It already ranks among the largest US issuers by product count and says its eventual goal is 1,000 funds spanning leveraged stocks, buffered strategies, semiconductors and narrowly targeted themes.
Michael Allen, managing director of Beacon Global Strategies and a former national security aide to President George W. Bush, said that America's inability to stick to a coherent message on Iran has confused the American people and the MidEast region, including US adversaries. Allen also discussed the tentative agreement to rebuild Gaza, saying there is a low likelihood that it is enacted how it looks on paper but that the President and his team deserve credit for trying.
Bloomberg's Yiqin Shen joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." Leveraged ETFs that offer the tantalizing prospect of doubling or tripling the daily returns of an individual stock are famously risky for investors who buy them. The result has been a quiet surge of activity in an exotic corner of the derivatives market, where investment banks, hedge funds and other institutional investors trade what are often known as "crash puts" and sometimes referred to as cliquets or stability notes.
Christian Magoon, founder and CEO of Amplify ETFs, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss Amplify CWP Enhanced Dividend Income ETF (ticker: DIVO), which aims to be a challenger to JPMorgan Equity Premium Income ETF (ticker: JEPI).
Sean Taylor, CIO and portfolio manager at Matthews, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss Mathews Korea Active ETF (ticker: MKOR).
Apple is making a big bet that customers would rather pay by the month than all at once, with its new Apple Upgrade program designed to make upgrading your devices feel more like a subscription. Bloomberg's Mark Gurman joins Ed Ludlow on "Bloomberg Tech."
Amrita Nandakumar, president of Vident Asset Management, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discussed the growing volume of ETF launches and how issuers should center their strategies around anchor funds.
Rising demand for electricity in the US is fueling investor interest in backing battery startups, such as Base Power, which just closed a $1 billion Series D round at a $13 billion post-money valuation. Base Power CEO and co-founder Zach Dell joins Ed Ludlow on "Bloomberg Tech."
Amazon Web Services Chief Executive Officer Matt Garman says the company will keep investing in capex. "Today, demand still significantly outstrips supply and we're trying to build and invest to keep up with what customers are asking for," he said on "Bloomberg Tech."
AstraZeneca Plc investors had a clear message for the UK drugmaker on Monday: they don't like the idea of a $400 billion merger with Bristol-Myers Squibb Co. Bloomberg Intelligence's Director of Research, Sam Fazeli joins to discuss.
The new trend among the rich is "tax alpha," or lowering one's tax bill while generating more profit along the way. It can be traced to a quadrupling of the S&P 500 over the past decade.
