Apollo Chief Economist Torsten Slok comments on the economic impact of the the US Treasury's strategic debt buyback operations. Speaking on "Bloomberg The Close," Slok also discusses the outlook for Federal Reserve monetary policy.
Anne Walsh, chief investment officer of Guggenheim Partners, says the asset management firm is fully cooperating with regulators as they investigate an accounting issue at one of its subsidiaries. US prosecutors are looking at Mark Walter's investment empire and his relationship with Guggenheim. Walsh says Guggenheim's investment or trade-allocation processes are not part of the probe. She speaks on "Bloomberg Surveillance."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Norah Mulinda and Tim Stenovec.
Nick Samouilhan, portfolio manager at Wellington Management, joins Scarlet Fu and Eric Balchunas on "ETF IQ." Blackstone teamed up with Wellington Management and Vanguard Group to create two new funds that will give individual investors access to private assets.
Carlos Peña, head of ETF & funds management at Texas Capital, joins Scarlet Fu and Eric Balchunas on "ETF IQ." The Texas Stock Exchange notched its first primary listings as two small ETFs focused on the state's economy announced plans to transfer to the upstart marketplace. The two ETFs are Texas Capital Texas Index ETF (ticker: TXS) and Texas Capital Texas Oil Index ETF (ticker: OILT).
TerraPower CEO Chris Levesque said that hyperscalers are driving demand for nuclear power companies, as his company is set to announce a deal with a data center customer for a new nuclear power plant this year. Levesque, who was joined by Bloomberg News energy reporter Will Wade, also said that TerraPower is aiming to get construction time and consumer costs lower so that nuclear can become a larger energy source for the US.
Bloomberg Intelligence's Athanasios Psarofagis joins Scarlet Fu and Eric Balchunas on "ETF IQ." They discuss how Volatility Shares and Roundhill have filed for 32 ETFs based on each of the 32 teams in the NHL. Each fund will obtain exposure through CME futures tracking a team-specific FutureSports Performance Index. This index will be built from 55 measures -- including wins, losses, goals and other official stats.
Bloomberg's Melissa Shin said that negotiators in both Canada and the United States understand how important the auto sector is both countries as President Trump vowed to double existing tariffs on the Canadian auto industry. Shin said that the broader tariffs stand to impact an estimated 90,000 jobs and disproportionately small businesses that may not see as much government support.
Frances Newton, CIO of Tuttle Capital Management, joins Scarlet Fu and Eric Balchunas on "ETF IQ." They discuss a report that the US Treasury could draw down some of its cash pile to fund buybacks of higher-yielding older securities in a bid to tackle rising borrowing costs.
Bryon Lake, chief transformation officer and global head of third party wealth at Goldman Sachs Asset Management, and Troy Cates, co-founder of Neos Investments, join Scarlet Fu and Eric Balchunas on "ETF IQ." Goldman Sachs Asset Management will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager's reach in the actively managed exchange-traded fund market.
Bryon Lake, chief transformation officer and global head of third party wealth at Goldman Sachs Asset Management, and Troy Cates, co-founder of Neos Investments, join Scarlet Fu and Eric Balchunas on "ETF IQ." They discuss how Neos is innovating in the ETF space.
Vali Nasr, professor of international affairs & Middle East studies at Johns Hopkins University, said that he sees the declaration of new sanctions on Iran and its allies as a 'theatrical declaration' and less of a concrete move by the United States. Nasr said that the pressure on Iran's allies could potentially invite Chinese retaliation, which would widen the war 'out of the gulf and into the financial markets.'
