Bloomberg's Anthony Stephens says the price of oil has become one of the movers of shorter-duration Treasury yields. He speaks as rising oil prices are bolstering expectations that the Federal Reserve will hike interest rates.
For the past three decades, rising Australian housing prices have enriched families and made property the engine of household wealth. Now the boom is under threat, and the consequences are rippling across the financial system. Bloomberg's Paul Allen looks at what that means for property buyers and sellers in Sydney.
US Treasury Secretary Scott Bessent's interventionist summer has already led to pushback and questions about his credibility in financial markets. Now he faces a test with global peers. Ahead of the meeting of Group of 20 finance ministers in Asheville, North Carolina, on Monday, Bessent has vowed to return the conversation among the world's top economic policymakers to the core subject of boosting growth. The challenge for Bessent in selling this message is that the biggest threats to global growth this year have come from the high energy prices and other consequences of President Donald Trump's war on Iran, as well as the impact of US tariffs that are again in focus with the launch of a new trade war against fellow G20 member Canada. Bloomberg Senior Economics Writer Shawn Donnan joins Bloomberg Businessweek Daily to discuss. He speaks with Tim Stenovec and Kristine Aquino.
Stepping into his new role as Apple's chief executive officer on Sept. 1, John Ternus won't have much time before the company begins its annual fall product rollouts. This year the lineup will include an unusually ambitious slate of devices he's been teasing for months internally, including the first foldable iPhone and a smart display that can recognize who's speaking and tailor content to them. Bloomberg News Managing Editor for Consumers Tech Mark Gurman reports on what's next for Apple.
Blerina Uruci, T. Rowe Price chief US economist, is quite positive that inflation will fall to 2% even "without interest rates being too restrictive." She speaks to Romaine Bostick on "Bloomberg The Close."
Sebastien Page, T. Rowe Price's CIO and co-head of global investments, discusses the outlook for financial markets, the AI trade and the factors impacting bond yields with Romaine Bostick on "Bloomberg The Close."
Eric Balchunas marks the 50th anniversary of the first index fund, the Vanguard 500 Index Fund. It launched on August 31st, 1976 and eventually led the way for passive investing.
Brooks Cutright, portfolio manager at Hedgeye Asset Management, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." Index tracking funds have nearly $27 trillion tied to the S&P 500. This Friday the S&P 500 is set to announce who may be added or taken out of the index as part of a rebalancing. Thirty-six companies appear to qualify for entry, while more than 110 existing members no longer meet the index's market-cap hurdle.
Republican Congressman from Georgia Rich McCormick said that there's a lot of 'misinformation' around data centers and that communities with data centers will see improvements and lower property taxes from the outside investment. McCormick also weighed in on strikes between Iran and the US, saying he backed military involvement because the IRGC doesn't understand 'anything other than strength.'
Nick Panitsas, CIO of Farther Asset Management, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss 'Boomer candy' ETFs, the outperformance of Avantis US Small Cap Value ETF (Ticker: AVUV), and active ETFs.
Julie Gunts, global head of ETFs at AllianceBernstein, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ."
Ben Hodges, a former commanding general for the US Army in Europe, said reports from the Trump administration on the conflict with Iran 'are not very closely connected to the truth on the ground.' General Hodges also said that he was 'encouraged' to hear reports that military leaders had pushed back on Defense Secretary Pete Hegseth and urged him to stop military extension of war with Iran.
