David Booth, Dimensional Fund Advisors founder and Chairman, discusses the theme of his new book "Stay Calm: Learn to Embrace Uncertainty in Investing and Life," and his historic $300 Million gift to the University of Kansas.
A renewed drop in bonds reduced bets on riskier corners of Wall Street, hitting stocks on worries that elevated oil prices will fuel inflation and force the Federal Reserve to lift rates. Jordan Jackson, Global Market Strategist at JPMorgan Asset Management, discusses the markets and his outlook on inflation.
On this episode of Stock Movers: - Gap (GAP) shares jumped after naming a retail industry veteran to head Old Navy and profit outpaced estimates, offsetting a sales decline at the value chain and lower sales guidance. - Apple's (AAPL) Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets. - Shein Global Holdings' shares long-awaited market debut has come at an awkward time: the fast-fashion retailer's peak growth years are behind it just as tariffs, regulatory pressure and intensifying competition are making its next phase harder.
Federal Reserve Governor Michael Barr said the central bank can afford to be patient if upcoming data provide some signal that inflation is cooling but should be prepared to raise interest rates if inflation fails to subside. "If inflation appears not to be moderating sufficiently, then I think we should act decisively to raise rates," Barr said, warning that price pressures are at risk of becoming entrenched after being above target for more than five years. He spoke Tuesday at an event in Washington.
Wei Li, BlackRock Global Chief Investment Strategist, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the risks and income opportunities within the fixed income market.
Krishna Guha, vice chair and head of central bank strategy at Evercore ISI, sees inflation, oil prices, and bond yields being of more importance to the Federal Reserve than US jobs data in determining whether to raise interest rates at this month's meeting.
Cameron Dawson, chief investment officer at NewEdge Wealth, suggests waiting for some volatility to come and create better equities buying opportunities as she says, "2Q is likely the peak in earnings growth rate."
US Army Secretary Dan Driscoll submitted his resignation to President Donald Trump and is stepping down after repeated clashes with his boss, Pete Hegseth. His resignation leaves the service without several top leaders as the conflict with Iran continues. Rachel Schilke of Bloomberg Government has more.
Wei Li, global chief investment strategist at BlackRock, says, "right now, from a total portfolio perspective," she prefers equities over credit and government bonds, however she does see "good income opportunities within fixed income that we do want to lean into."
Nordic Investment Bank Chief Executive Officer André Küüsvek speaks on Bloomberg Television as the Helsinki-based multilateral lender owned by the five Nordic and three Baltic countries formally added resilience, security and defense into its strategy. "We are in discussions with around 30 other potential borrowers and counterparts with a gross pipeline of about 1.2 billion worth of projects today on the table," Küüsvek says.
The premium that France pays to borrow over Germany, among the most-closely watched bond risk gauges, is near the highest since the days of Europe's sovereign debt crisis in 2012. Nerves are also spilling into France's stock and corporate debt markets, fueling underperformance versus international peers. Bloomberg's Alice Gledhill reports.
The rise in real yields, which is outpacing that of nominal and breakeven rates, has "a little bit more room to run," says Laura Cooper, global investment strategist at Nuveen. "The key catalyst going forward will be that August inflation print," Cooper tells Bloomberg Television. "We're going to be driven more by data in the next coming weeks."
