Stocks Give up Jobs Report Gains | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Norah Mulinda, and Tim Stenovec.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Norah Mulinda, and Tim Stenovec.
Nobel laureate Paul Krugman, a research professor at the City University of New York's Graduate Center, says all jobs data is "noisy" when reacting to the June US employment report. Speaking on "Bloomberg The Close," Krugman also says he is "disturbed" by Federal Reserve Chairman Kevin Warsh's point of view on monetary policy and warns that the Supreme Court's Trump v. Slaughter ruling gives too much discretionary power to President Donald Trump.
Robin Wenzel, Head of Wells Fargo Agri-Food Institute joins Bloomberg Businessweek Daily to discuss their bbq report: Stay Close, Grill Big: Why Backyard BBQs Are Taking Over Summer 2026.' In the report they break down how a party of ten is expected to cost an average of $161, with ribs serving as a prime choice for protein as well as the rising cost of food for families across the US.
Matt Brill, head of North American investment grade credit at Invesco, joins Scarlet Fu on "Bloomberg Real Yield."
Missouri Representative Jason Smith, a Republican, joined Balance of Power to discuss the year anniversary of the One Big Beautiful Bill as well as the recent news from OpenAI. When asked about the USMCA Rep. Smith said the Trump administration is saying it wants a better trading relationship through its decision not to renew its trade pact with Canada and Mexico.
Microsoft is building a 6,000-person AI deployment team to help businesses implement artificial intelligence. Bloomberg' Tech co-host Ed Ludlow explains why the move mirrors the forward deployment engineer model pioneered by Palantir and adopted by AWS, and why hands-on AI implementation could be the key to unlocking enterprise ROI.
Bloomberg Intelligence Senior Commodity Strategist Mike McGlone says the oil fluctuations are part of a "normal cycle" A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington. More than 20 million barrels of Iranian crude have been idling in Asian waters for at least seven days, up nearly 18% from a week earlier, according to Kpler Ltd. Estimates for the overall volume of the country's oil on water either in transit or stationary have ranged from 58 million to 68 million barrels since the US sanctions waiver kicked in last week, according to data from Vortexa and Bloomberg calculations.
Valar Atomics, a California-based nuclear startup, generated power from an advanced reactor to run an Nvidia AI chip. While just a trickle of electricity was produced, it's the first time a next-gen reactor has done so in the US. On the heels of a demonstration of Valar's Ward 250 reactor connecting to the Nvidia Blackwell chip at the company's site in Utah, Valar Atomics CEO Isaiah Taylor joins Ed Ludlow on "Bloomberg Tech."
IQM Quantum Computers CEO Jan Goetz joined Open Interest to explain why his company chose a Nasdaq listing, why quantum computing could solve problems impossible for today's supercomputers, and why he believes the AI boom is accelerating the future of quantum technology.
Lisa Simon, Chief Economist at Revelio Labs joined Bloomberg Open Interest to explain why a weaker-than-expected jobs report doesn't tell the whole story. Using hiring data from LinkedIn, Glassdoor, H-1B visa filings, she argues AI is helping fuel hiring, She explains why companies investing most heavily in AI are expanding both entry-level and experienced roles.
Bridgepoint is making a $1.4 billion bet on US real estate. Kayne Anderson Real Estate Co-Founder and CEO Al Rabil says it's all about preparing for a "10-year supercycle." He joins Open Interest to explain why AI infrastructure, healthcare real estate, and long-term demographic trends are creating massive investment opportunities, and why the merger preserves his firm's autonomy while unlocking far more capital.
Tesla stunned Wall Street with a massive second-quarter delivery beat, While production also topped forecasts, the company offered virtually no commentary or explanation, leaving investors with more questions than answers.