US Companies Added 90,000 Jobs in September: ADP
US private payrolls rose by 90,000 in September, the most in three months, and above economists' estimates of 75,000. Michael McKee reports on Bloomberg Television.
US private payrolls rose by 90,000 in September, the most in three months, and above economists' estimates of 75,000. Michael McKee reports on Bloomberg Television.
Elon Musk should work with South Africa and launch his Starlink satellite internet service there, the country's deputy communications minister Mondli Gungubele said in an interview in Cape Town. The service has not launched in the continent's largest economy, with Musk criticizing as racist laws that require telecommunications companies to be 30% owned by Black citizens. The Deputy Minister was speaking with Bloomberg TV's Jennifer Zabasajja
Francisco Blanch, commodities and derivatives research head at BofA Securities, explains what a US diesel export ban could mean to domestic prices and the global market. Blanch says there are three considerations the Trump administration needs to weigh before enacting a ban. He speaks on "Bloomberg Surveillance."
KKR's co-head of European Infrastructure, Vincent Policard says Europe needs as much as $800 billion a year in infrastructure investment almost double current levels as governments seek private capital to strengthen strategic sectors including AI and space. In an interview on "The Pulse With Francine Lacqua", he also discussed KKR's investment strategy and why the UK remains attractive despite uncertainty around the water sector.
Matthew Miskin, co-chief investment strategist at Manulife JH Investments, says at the moment "every stock on the planet is loved, every bond on the planet is disliked," and sees PCE data as a potential catalyst for bond investors to step back into the market. He speaks on "Bloomberg Surveillance."
Mads Pedersen, CIO of Human Edge Investment Technology, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to look ahead to the PCE data.
Banca Monte dei Paschi di Siena Chief Executive Officer Luigi Lovaglio tells Bloomberg Television he is confident shareholders will recognize the value of his twin takeover offers for Banco BPM and Banca Generali. "We are building an Italian champion," Lovaglio says. The CEO needs support from at least two thirds of the votes cast at a shareholder meeting on Oct. 29 to proceed with his plan. Lovaglio speaks to Bloomberg's Francine Lacqua.
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, says European stocks have remained resilient and have "done rather well" in the face of inflationary pressures and rising bond yields. He also comments on French bond yields. Speaking on Bloomberg Television, Oppenheimer says the profit story "is still solid," but should markets experience a further sharp bond selloff, equities could "become vulnerable."
Inflation in France quickened to the fastest pace in more than two years as surging oil and natural gas costs continue to weigh on Europe's economy. Inflation in the euro area's second-biggest economy stood at 3.4% in September, up from 2.6% in August, statistics agency Insee said. The reading keeps pressure on the European Central Bank to continue raising interest rates. Bloomberg's Oliver Crook has the details.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Rufaro Chiriseri, head of fixed income for Europe at RBC Wealth Management, discusses the outlook for Treasury yields and Federal Reserve policy. "6% on the on the 30-year is not a level that seems to be wildly out of any possibility," Chiriseri tells Bloomberg Television. "We still expect that yields could still continue to trend higher from here."
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan took the helm of a $300 billion sovereign wealth fund which has become central to building the infrastructure needed to override Iran's stranglehold over the Strait of Hormuz. The fund is now likely to spend tens of billions of dollars more on new port infrastructure outside the embattled strait, people familiar with the matter said. Bloomberg's Alex Dooler reports.
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