Dollar-store chains provided different takeaways on the state of the US retail sector that's facing increasing economic challenges. At Dollar Tree Inc., the company mostly met Wall Street expectations last quarter and left its sales growth outlook for the year unchanged. Dollar General Corp. lifted its view for annual revenue after a quarterly sales beat. Bloomberg's Redd Brown joins to discuss.
Kevin Warsh's inauspicious start as chairman of the Federal Reserve has guaranteed that his speech on Friday at the central bank's annual Jackson Hole conference will command rapt attention. Bloomberg Surveillance Host Tom Keene discusses his expectations for this Jackson Hole meeting and the long awaited speech from Fed Chair Warsh.
Nvidia said revenue will grow about 70% next fiscal year, easing concerns that AI spending is poised to lose momentum. Angelo Zino, SVP and Tech Lead at CFRA Research, breaks down Nvidia's earnings blowout and other tech headlines.
Treasury Secretary Scott Bessent and Fed Chairman Kevin Warsh seem to have different instincts on some important policy issues including whether to boost the economy or restrain it, and how much to communicate about policy inclinations. Aoifinn Devitt, Managing Director: Global Wealth at Moneta Group, discusses the markets, expectations for Kevin Warsh's Jackson Hole speech, and Bessent's treasury buybacks.
Pierre Ferragu, New Street Research global team head of technology infrastructure, says supply chain issues and opposition to data centers in the US do make him nervous about Nvidia's future. The chipmaker says revenue will grow by about 70% in the next fiscal year. He speaks on "Bloomberg Open Interest."
The suggestion by the Trump administration's top trade negotiator that the US ought to consider banning some Canadian goods has added another threat into a trade dispute between Washington and Ottawa. Tyler Kendall reports on Bloomberg Television.
On this episode of Stock Movers: - Dollar Tree (DLTR) shares are lower as the retailer's guidance for the third quarter and full year proves underwhelming after the stock's 38% advance since its 1Q results on May 28. The S&P 500 Index was up 2.1% for the same period. - Meta (META) shares are moving after it agreed to pay up to $18 billion in landmark settlements to resolve social media claims from US states that would require the company to make major changes to how it operates platforms like Facebook and Instagram. The agreement requires Meta to put new guardrails on its platforms, including restricting how much time youths can scroll and preventing them from switching off certain safety settings without parental consent. - Wendy's (WEN) shares are plunging after Reuters reported that Nelson Peltz's Trian Fund Management has no plans to make a bid at this time to take the fast-food chain private.
Bloomberg's Lisa Abramowicz is in Jackson Hole, Wyoming ahead of the Federal Reserve's annual gathering. Fed Chair Kevin Warsh delivers his highly anticipated speech Friday morning. She talks about what Wall Street is looking for and what the central bank has done in the last year.
Federal Reserve Governor Lisa Cook again denied unproven mortgage fraud allegations repeated by President Donald Trump as he considers whether to renew his effort to remove her. Michael McKee has more on "Bloomberg: The Asia Trade."
British Columbia Premier David Eby joins BNN Bloomberg to discuss Canada's trade war with the US. He backs Prime Minister Mark Carney's approach and says Canada can trade with whoever they want.
US initial jobless claims fell to a lower-than-expected 203,000 in the week ending August 22, while the goods-trade deficit grew to the widest since March 2025. Michael McKee reports on Bloomberg Television.
Torsten Slok, chief economist at Apollo, expects Federal Reserve Chairman Kevin Warsh to deliver "framework guidance" instead of forward guidance and have a "hawkish flavor" to his economic outlook during his speech on Friday at the Jackson Hole Economic Symposium.
