Treasury Secretary Scott Bessent and Fed Chairman Kevin Warsh seem to have different instincts on some important policy issues including whether to boost the economy or restrain it, and how much to communicate about policy inclinations. Aoifinn Devitt, Managing Director: Global Wealth at Moneta Group, discusses the markets, expectations for Kevin Warsh's Jackson Hole speech, and Bessent's treasury buybacks.
Pierre Ferragu, New Street Research global team head of technology infrastructure, says supply chain issues and opposition to data centers in the US do make him nervous about Nvidia's future. The chipmaker says revenue will grow by about 70% in the next fiscal year. He speaks on "Bloomberg Open Interest."
The suggestion by the Trump administration's top trade negotiator that the US ought to consider banning some Canadian goods has added another threat into a trade dispute between Washington and Ottawa. Tyler Kendall reports on Bloomberg Television.
On this episode of Stock Movers: - Dollar Tree (DLTR) shares are lower as the retailer's guidance for the third quarter and full year proves underwhelming after the stock's 38% advance since its 1Q results on May 28. The S&P 500 Index was up 2.1% for the same period. - Meta (META) shares are moving after it agreed to pay up to $18 billion in landmark settlements to resolve social media claims from US states that would require the company to make major changes to how it operates platforms like Facebook and Instagram. The agreement requires Meta to put new guardrails on its platforms, including restricting how much time youths can scroll and preventing them from switching off certain safety settings without parental consent. - Wendy's (WEN) shares are plunging after Reuters reported that Nelson Peltz's Trian Fund Management has no plans to make a bid at this time to take the fast-food chain private.
Bloomberg's Lisa Abramowicz is in Jackson Hole, Wyoming ahead of the Federal Reserve's annual gathering. Fed Chair Kevin Warsh delivers his highly anticipated speech Friday morning. She talks about what Wall Street is looking for and what the central bank has done in the last year.
Federal Reserve Governor Lisa Cook again denied unproven mortgage fraud allegations repeated by President Donald Trump as he considers whether to renew his effort to remove her. Michael McKee has more on "Bloomberg: The Asia Trade."
British Columbia Premier David Eby joins BNN Bloomberg to discuss Canada's trade war with the US. He backs Prime Minister Mark Carney's approach and says Canada can trade with whoever they want.
US initial jobless claims fell to a lower-than-expected 203,000 in the week ending August 22, while the goods-trade deficit grew to the widest since March 2025. Michael McKee reports on Bloomberg Television.
Torsten Slok, chief economist at Apollo, expects Federal Reserve Chairman Kevin Warsh to deliver "framework guidance" instead of forward guidance and have a "hawkish flavor" to his economic outlook during his speech on Friday at the Jackson Hole Economic Symposium.
Amy Wu Silverman, Head of Derivative Strategy at RBC Capital Markets, says the upcoming US midterm elections may be influenced more by anti-AI sentiment than by traditional concerns such as consumer sentiment or rising inflation. She joins Bloomberg's Vonnie Quinn on "Bloomberg Brief."
Federal Reserve Bank of Kansas City President Jeff Schmid said monetary policy may be accommodative rather than restrictive, citing underlying demand pressures that could justify a rate hike as soon as September 16. Schmid rejected the idea that the October 28 meeting is off the table due to the midterm election. Speaking with Bloomberg's Michael McKee on the sidelines of the Jackson Hole Economic Symposium, he also addresses the future of the central bank's communications and meeting schedules.
Shein is on track to raise about HK$13.6 billion ($1.7 billion) in its Hong Kong initial public offering. The company is telling prospective investors it is likely to price the IPO at just above the midpoint of the marketed range, valuing the fast-fashion retailer at just above $26 billion, compared with a roughly $100 billion price tag it commanded four years ago. Anthony Stephens reports on Bloomberg Television.
