Treasury Secretary Scott Bessent challenged traders to counter his efforts to strengthen Japan's currency, touting that when he makes market calls nowadays he's effectively doing so with inside information. Bloomberg's Sunny Bangia breaks down the news.
In his new book 'The Awesome Portfolio', Jared Dillian makes the argument against the conventional wisdom to invest your cash as "you buy the index, you dollar cost average, you hold, you ride out the volatility." He argues "cash can also be your friend." He joins Businessweek Daily to discuss he new book and latest market headlines.
Kroll CEO, Jacob Silverman, discusses the state of private markets, noting that their previous conversation in April or May covered concerns and growing pains in the sector. Silverman discusses the firm's perspective as one of the largest valuation agents in private markets and asks whether anything has changed over the past four or five months. He speaks with Romaine Bostick on "The Close."
Jeetu Patel, Cisco's President and Chief Product Officer, discusses an open letter signed by Cisco, OpenAI, Anthropic and others warning that AI-enabled cyberattacks are likely to become more widespread and sophisticated. He says the same tools that help people work more efficiently can also help bad actors operate at machine scale. He speaks with Romaine Bostick on "The Close."
Maria Ariza, CEO of the BIVA Stock Exchange and an organizer of Mexico Investment Week in New York, says the event is meant to keep investors engaged with Mexico even as trade and geopolitical uncertainty rise. She notes that the annual conversations with investors help explain opportunities across Mexican industries and encourage capital to flow into local markets. She speaks with Romaine Bostick on "The Close."
Brian Casey of Westwood appears on the program as the segment tees up Westwood Salient Enhanced Power & Infrastructure ETF, ticker PWRX, as the Texas Stock Exchange's first new listing. The actively managed ETF is designed to capitalize on accelerating power needs, pairing an income strategy with exposure to high-growth energy and infrastructure themes. He speaks with Romaine Bostick & Tyler Kendall on "The Close."
Heath Golden, CEO of Marquee Brands, discussed the company's planned acquisition of Canadian outdoor and lifestyle brand Roots, calling it a strong fit with Marquee's strategy of buying timeless, high-awareness brands with room to grow. Golden said Marquee is building a portfolio of about 24 brands, including Martha Stewart, Roberto Cavalli, Ben Sherman and BCBG, and sees Roots as another brand with strong consumer love and broad permission to expand by category and geography. He speaks with Romaine Bostick & Tyler Kendall on "The Close."
LIV Golf filed for bankruptcy protection, a dramatic fall for the Saudi-backed league that had big ambitions to challenge the supremacy of the PGA Tour. Randall Williams has more on "Bloomberg The Close."
Ilya Espino de Marotta is the new head of the Panama Canal Authority and she is already tackling some tough challenges. She says a strong El Niño has led to restrictions on ship transits and talks about how this weather pattern is impacting the business. She speaks to Bloomberg's Romaine Bostick.
Qualcomm CFO Akash Palkhiwala discusses the company's deal to create customized chips for Amazon Web Services' AI infrastructure. Speaking on "Bloomberg The Close," Palkhiwala also comments on Qualcomm's AI data center strategy and the future of smartphones.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec.
Bloomberg's Ben Weiss joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Despite failing to get a license in Europe, it's business as usual for Binance in Europe. The firm is still operating in the region due to a number of workarounds and side doors under the EU's Markets in Crypto-Assets Regulatory framework, better known as MiCA.
