Citigroup's Profitability Target Falls Short of Expectations
Citigroup issued new guidance showing it would take the lender more time to catch up to Wall Street peers than some investors hoped for. Sridhar Natarajan reports on Bloomberg Television.
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Citigroup issued new guidance showing it would take the lender more time to catch up to Wall Street peers than some investors hoped for. Sridhar Natarajan reports on Bloomberg Television.
Max Layton, Citigroup Inc.'s global head of commodities research, says oil prices will keep "moving around like crazy" as traders parse the conflicting signals coming out of Washington about if the Iran war is coming to an end. He speaks on Bloomberg Television's Surveillance.
Applications for US unemployment benefits rebounded slightly, rising by 10,000 to 200,000 in the week ended May 2. Continuing claims fell to 1.77 million in the previous week, a new two-year low. Michael McKee reports on Bloomberg Television.
Liz Ann Sonders, chief investment strategist at Charles Schwab, looks at the market takeaways from earnings and the performance of Mag Seven stocks this year and says the market "is fine" if interest rates stay where they are.
"We don't believe hikes are on the table for 2026, definitely on the table for 2027," says Earl Davis, head of fixed income and money markets at BMO Global Asset Management. He sees the Federal Reserve being "a solid two meetings away" from dropping its easing bias and expects markets to be focused on inflation in the fourth quarter of this year.
Kent Zhu, CEO at Accor Greater China, says China hotels recorded robust performance during the Labor Day Holiday. He also tells "Bloomberg: The China Show" that the hotel group plans to "go further west" in China as it expands in the country.
The Emirates Group reported record financial results for the 2025–26 fiscal year, with profit before tax of AED 24.4 billion (USD 6.6 billion), a 7% increase on the prior year.
PB Fintech expects sustained growth as insurance penetration in India continues to expand. Yashish Dahiya, Chairman and Group CEO of PB Fintech and Founder of PB Health, spoke exclusively on Insight with Haslinda Amin about his outlook for the company.
India is being viewed as lagging the global AI trade as investors prioritise chips, compute and infrastructure. Ruchir Sharma explains how low R&D spending and exposure of software and outsourcing jobs are weighing on sentiment. He also outlines potential positives, including strong nominal GDP growth, a valuation reset opportunity, and the chance for India to benefit later as AI adoption shifts toward productivity gains. Rockefeller International Chairman Ruchir Sharma joined Haslinda Amin on Insight with Haslinda Amin.
Farid Belbouab, Group CEO of global port and logistics operator Gulftainer, highlights how cargo is continuing to move through alternative corridors at a time when supply-chain resilience has become critical. He explains that Gulftainer is scaling from about 2,000 containers per week to 50,000. Belbouab speaks with Haslinda Amin on "Insight with Haslinda Amin."
Fabio Bassi, head of cross-asset strategy at JPMorgan, discusses market sentiment as global equities rose on optimism that the US and Iran were nearing a deal. "The AI upstream theme is a critical diver of the dynamic of the equity market," Bassi tells Bloomberg Television. He adds that despite the oil supply shock in response to the situation in the Middle East, the message from earnings is still "positive."
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
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