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Jeff Aronson Doesn't See a US Recession Coming Anytime Soon

Centerbridge Co-Founder Jeff Aronson says the US economy is "in reasonably good shape" and that he doesn't see a recession happening anytime soon. He also discusses the ripple effects war in the Middle East could have on markets if it persists, as well as his views on prediction markets. Aronson sits down with David Rubenstein for the premiere episode of Bloomberg Wealth Season 6. This interview was recorded April 28 in New York.

Read more: Jeff Aronson Doesn't See a US Recession Coming Anytime Soon
Bloomberg

HPE Rises on Sales Outlook; Victoria's Secret Soars on Profit Beat | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Victoria's Secret (VSXY) shares are soaring after the lingerie maker, now trading under symbol VSXY, reports profit metrics and net sales for its first quarter that topped expectations, including adjusted operating income that was nearly twice the consensus estimate. Management boosted its annual forecasts. - Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that topped estimates, citing massive growth in AI-fueled demand for its servers and networking. - Marvell Technology (MRVL) is rising after Nvidia Corp.'s Jensen Huang predicted the company will hit a $1 trillion valuation. Huang said Marvell's valuation will soar now that the age of "useful AI has arrived", and was joined by Marvell CEO Matt Murphy on stage at Computex trade show in Taipei.

Read more: HPE Rises on Sales Outlook; Victoria's Secret Soars on Profit Beat | Stock Movers
Bloomberg

There Are Limits on What Europe Should Accept From the US, Stoltenberg Says

Former NATO chief Jens Stoltenberg says tensions between the US and Europe have become harder to manage since he left the alliance. Stoltenberg, now Norway's finance minister, says there are limits on what Europe should accept from the US. He speaks to Bloomberg News Editorial Lead for EMEA Jackie Simmons at a Bloomberg Newsmakers event in Oslo.

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Bloomberg

Fed May Need to Act Soon on Inflation, Hammack Says

Federal Reserve Bank of Cleveland President Beth Hammack said it's reasonable to keep rates steady for now due to uncertainties around the economic outlook, but "it may soon be appropriate for policy to act to address the growing risks of persistently elevated inflation." Hammack spoke Tuesday at an event in Cleveland.

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Bloomberg

Mariana Mazzucato: CEOs Should Be Contracted to Hit Goals

There's no lack of ambition to do good, says author Mariana Mazzucato, but the system is designed for us to fail. In her new book, The Common Good Economy: A New Compass, she argues for a goal-oriented economy, with targets written into CEOs' contracts. Mazzucato joined 'The Pulse with Francine Lacqua'.

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Bloomberg

Diesel Inventories May Reach Critical Levels by August, Goldman's Struyven Says

Daan Struyven, co-head of global commodities research at Goldman Sachs, says the global economy and oil markets may go through an "empirical discovery process" if diesel inventories reach critical levels as he discusses price risks and weakening demand from the closure of the Strait of Hormuz.

Read more: Diesel Inventories May Reach Critical Levels by August, Goldman's Struyven Says