Serve Robotics CEO Ali Kashani joins Bloomberg Open Interest to explain why the company is shifting toward DoorDash and Grubhub, how delivery robots could cut last-mile costs and why sidewalk delivery is only the beginning. Kashani says the same AI-powered technology could eventually transform hospitals, logistics and everyday robotics.
On this episode of Stock Movers: - Shares of Alibaba (BABA) rise after disclosing a deal to sell its gaming arm and touting claims of more than 3 billion downloads for its open AI model. - Shares of DR Horton (DHI) and Macy's (M) are moved higher after Berkshire Hathaway disclosed stakes in the companies in a filing. - Shares of Snap (SNAP) are down in trading Monday. The stock is set to end its win streak over past two sessions.
Steven Major, global macro advisor at Tradition Dubai, says some bonds may be getting "twitchy" further out on the curve. He says the US Treasury is not doing any favors for the taxpayer "by issuing long bonds north north of 5% yield." He speaks on "Bloomberg Surveillance."
Jane Street posted roughly $15 billion of losses in July, its first monthly loss in about a decade, due to its investment in Situational Awareness and wrong-way bets in Asian equity markets. Katherine Doherty reports on "Bloomberg Open Interest."
The surge in new AI debt is potentially crowding out long-end Treasury demand and has played a major role in the rise of bond yields, with some estimates suggesting it has pushed up 10-year rates by about 0.3 percentage point this year. Robert Schiffman of Bloomberg Intelligence has more.
Alphabet is looking to raise about $3.6 billion in what would be its debut bond offering in Australia, according to people familiar with the matter. Initial price guidance on the deal may be provided as early as Tuesday, with the notes potentially pricing the following day. Mandeep Singh of Bloomberg Intelligence has more.
Steven Major, global macro advisor at Tradition Dubai, says, "the focus is Jackson Hole already" for the bond market as he examines the factors he sees contributing to the move higher in the long end of the yield curve.
Ella Gude, BNY Investments Newton Head of Fixed Income & Co-Head of Real Return, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to outline her expectations for the Fed's near-term rate policy.
President Donald Trump threatened to bomb Oman if it gets in the way of developments with Iran, according to reports from Fox News. A 60-day truce between the US and Iran already repeatedly violated will expire on Monday without a deal on how the Stair of Hormuz should be managed. Tyler Kendall reports on Bloomberg Television.
Lori Calvasina, head of US equity strategies at RBC, examines US consumer resilience ahead of retail earnings this week and explains why she doesn't see any impediments to the buy America trade.
President Donald Trump told the Pentagon to "substantially reduce" joint military exercises with South Korea. In a social post on Sunday, Trump indicated his frustration that the US ally hadn't provided more support for his war with Iran as a 10-day joint exercise involving some 18,000 South Korean troops was scheduled to begin. Tyler Kendall reports on Bloomberg Television.
Hareendra Dissabandara, Chairman at the Securities and Exchange Commission of Sri Lanka, says the government is "seriously working" on listing state-owned enterprises on the Colombo bourse. He speaks with Haslinda Amin on Insight with Haslinda Amin.
