Headline: Trust Breakdown Between Fed, Consumer Inflation: Kroszner
Randy Kroszner, University of Chicago Booth School professor of economics and former Fed Governor, joins Scarlet Fu and Tom Keene on "Bloomberg Money."
Randy Kroszner, University of Chicago Booth School professor of economics and former Fed Governor, joins Scarlet Fu and Tom Keene on "Bloomberg Money."
President Donald Trump said the US would continue talks with Iran but considers the ceasefire between the countries to be over. "The Islamic Republic of Iran has asked us to continue 'talks.' We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER!," Trump said Friday on social media. Trita Parsi, Executive Vice President at the Quincy Institute for Responsible Statecraft joined to discuss also saying the track record of the US in the region, particularly in terms of democratizing countries, is abysmal.
President Donald Trump said the US would continue talks with Iran but considers the ceasefire between the countries to be over. James Jeffrey, former US ambassador to Iraq and Turkey, talks about Trump's objectives in Iran and why the US is targeting infrastructure. He speaks on "Balance of Power."
President Donald Trump said he would not sign a bipartisan housing bill in protest over lawmakers declining to approve a separate voter-ID bill he has prioritized. Bloomberg's Tyler Kendall joins to discuss.
Nasdaq President Nelson Griggs says the record-breaking SK Hynix ADR listing is already attracting looks from more foreign companies that may consider US listings. He says JPMorgan Chase struck the right balance on the SK Hynix pricing. Griggs speaks to Bloomberg's Ed Ludlow in New York at the Nasdaq.
Delta Air Lines Inc. reaffirmed its full-year profit guidance and said strong demand for premium, corporate and international travel helped offset the highest quarterly fuel expense in its history. The Atlanta-based airline earned an adjusted $1.56 a share in the second quarter, it said on Friday, topping analysts' estimates of $1.51. Revenue rose 14% from a year earlier, with capacity increasing just 1%. The shares have gained 28% so far this year, partly on optimism that the airline's focus on premium travel will shield it from price sensitivity at the lower end of the traveler spectrum. For more, we speak with George Ferguson, Senior Aerospace Analyst for Bloomberg Intelligence.
SK Hynix Inc.'s American depositary receipts surged above their offering price, after the South Korean memory chipmaker raised $26.5 billion in the largest-ever US listing by a foreign company. The ADRs opened at $170 each on Friday in New York, versus an offering price of $149 apiece. The successful mega-listing brushed aside concern over recent volatility among chipmakers, demonstrating investors have plenty of appetite for direct exposure to SK Hynix's dominant position in high-bandwidth memory for artificial intelligence computing. The ADRs are trading at a premium of about 17% over the closing price of the Seoul-listed common stock, due in part to restrictions on exchanging the South Korean stock for the US instruments. We get reaction from Anthony Hughes, Bloomberg News US ECM Reporter.
SK Hynix's US debut is off to a strong start, with its ADRs indicated to open above the offering price. Di Zhou, portfolio manager at Thornburg Investment Management, says, "We're currently in a memory supercycle. Fundamentals are very strong, and SK Hynix is one of the highest-quality pure-play memory companies globally." She speaks on Bloomberg Open Interest.
Delta's earnings beat and it reaffirmed its full-year profit guidance as travel demand withstands higher prices. Sheila Kahyaoglu, Senior Equity Research Analyst at Jefferies, discusses the outlook for the airline industry.
Chey Tae-won, chairman of SK Hynix parent SK Group, discusses his plan to invest more money in the US. He speaks with Ed Ludlow on "Bloomberg Tech."
Chey Tae-won, chairman of SK Hynix parent SK Group, says customers have been telling him they want the company to expand more. He speaks with Ed Ludlow on "Bloomberg Tech."
The US stock market's rally to new highs has been propelled by so few stocks that it's reminding some on Wall Street of the runup to the dot-com bubble. George Noble, Managing Partner of Noble Capital Advisors, discusses the AI trade and how he believes the coming bust would be much worse than the dot-com bubble fallout.