The US service economy expanded in February at the fastest pace since mid-2022, as the Institute for Supply Management's services index rose 2.3 points to 56.1, exceeding all projections in a Bloomberg survey of economists. Michael McKee reports on Bloomberg Television.
Temasek CEO Dilhan Pillay Sandrasegara says AI will not eliminate the need for software during a discussion with Bloomberg's Lisa Abramowicz at Bloomberg Invest.
Ares Management Partner and Head of Real Estate Julie Solomon says this higher interest rate environment has created a lot of discipline in real estate markets. She speaks at Bloomberg Invest on Bloomberg Television.
Apple held a product launch event introducing the MacBook Neo, an entry-level Mac featuring the high-performance A18 Pro chip. Bloomberg's Ed Ludlow reports on "Bloomberg Open Interest."
Federal Reserve Governor Stephen Miran says it's still appropriate to keep cutting interest rates despite the war in the Middle East. "I believe it's appropriate to continue acting," Miran said Wednesday on Bloomberg Surveillance.
Federal Reserve Governor Stephen Miran says it's still appropriate to cut interest rates despite the war with Iran. He speaks on Bloomberg Surveillance.
Paul Sankey, president at Sankey Research, says the global oil market needs to see a resolution reached by Friday to guarantee the movement of oil tankers through the Strait of Hormuz.
Kamakshya Trivedi, chief FX and EM strategist at Goldman Sachs, sees inflation trending down if there is a quick resolution to the war on Iran, allowing the Federal Reserve to deliver two interest-rate cuts this year.
Continental warned its forecast for higher returns may be derailed by the war with Iran, making the tiremaker one of the first big companies to alert investors to the risk of the conflict. Chief Executive Officer Christian Kötz told Bloomberg TV the conflict could impact raw material costs.
Portuguese utility EDP CEO Miguel Stilwell de Andrade joins Bloomberg TV to discuss how the war in the Middle East is boosting demand for renewables, as countries and businesses seek to diversify their sources of energy and shield themselves from external shocks. Stilwell de Andrade speaks with Bloomberg's Lizzy Burden, Tom Mackenzie and Anna Edwards on The Opening Trade.
Crystol Energy CEO Carole Nakhle discusses the energy market as oil extended gains and traders weighed a US plan to insure and escort tankers passing through the Strait of Hormuz. "What we are seeing today has caused some disruptions," Nakhle tells Bloomberg Television. She adds that the market is "not panicking" and the increase in the risk premium is "justifiable," but that further escalations in the region could lead to a "worsening scenario when it comes to oil price."
Anna Edwards, Lizzy Burden, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
