Bloomberg's Paulina Cachero joins Scarlet Fu and Tom Keene on "Bloomberg Money." The American Dream of owning a home is alive, at least in Grand Rapids, Michigan. Almost half of all new homeowners in Kent County are younger than 35, as the area is a high concentration of affordable homes and plentiful job opportunities.
The Trump Administration announced tariffs on drone imports, seeking to bolster US security and boost domestic defense manufacturing. Bloomberg's Tyler Kendall has the details on the new levies and the White House's broader aims to ensure drone dominance.
Mike Wilson, chief US equity strategist & chief investment officer at Morgan Stanley, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how long-term investors should approach their portfolio.
Mike Wilson, chief US equity strategist & CIO at Morgan Stanley, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how the average American does a 'bad job' rebalancing their portfolios.
Bloomberg's Lily Meier, Isabelle Lee, and Joe Mathieu joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss voter turnout in the midterm elections amid the affordability crisis, US retail sales falling in July by the most in more than a year, and how TikTok influencers are giving financial advice.
Tom Kloza, chief oil advisor to Gulf Oil, says that disruption in the global oil market from the Iran war is likely to make this harvest season extremely costly as average diesel prices extends over $5 a gallon. Kloza also discussed the impact economic pressure on Iran and said that that likely means the US won't have 'full and unfettered access' to the global oil markets.
Retired US Army Brigadier General Mark Kimmitt said winning a war with Iran will require patience on the side of the United States because Iran follows a model of resistance and will consider the war a win if they don't lose. Kimmitt also cast doubt on the idea that the US could win the war with an air campaign alone as the Trump administration moves to put economic rather than military pressure on Iran.
224 Ventures is a new AI-native venture firm launched by former AIX Ventures co-founder Shaun Johnson, ex-Google DeepMind researcher Oriol Vinyals, and AI pioneer Yann LeCun. The trio plans to make seed-stage bets and launches with more than $100 million in assets under management. 224 Ventures General Partner Shaun Johnson discusses why the most compelling opportunities may be "nonconsensus" bets, with white space emerging in the future of work, robotics and infrastructure. He joins Tim Stenovec on "Bloomberg Tech."
OpenAI is on track to generate more than $40 billion in annualized revenue, roughly double its run rate at the end of 2025, according to sources. Bloomberg's Rachel Metz explains how growth in paying ChatGPT users, enterprise adoption and coding assistant Codex are driving the surge, and why the enormous cost of computing power remains a key challenge for the AI company. She joins Tim Stenovec on "Bloomberg Tech."
Luigi Mangione pleaded guilty to federal stalking charges related to the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson. Mangione admitted on Friday in New York federal court that he shot and killed Thompson on Dec. 4, 2024. He faces life in prison. Mangione's attorney, Karen Friedman Agnifilo, US Attorney for the Southern District Jamie McDonald and NYPD Police Commissioner Jessica Tisch all spoke outside the court.
Mike Wilson, Morgan Stanley chief US equity strategist and CIO, talks about using gold as a defensive asset to protect your portfolio. He says gold has been in a bull market for 25 years. He speaks on "Bloomberg Money."
Luigi Mangione pleaded guilty to federal stalking charges related to the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson. He faces a maximum sentence of life in prison. This happened in New York federal court Friday morning. Mangione also faces charges in New York state court. June Grasso of Bloomberg Law is following the breaking news on Bloomberg Radio and has more.
