California Attorney General Rob Bonta discusses his opposition to Paramount Skydance's $110 billion takeover of Warner Bros. Discovery. Speaking on "Bloomberg The Close," Bonta also comments on the child safety settlement with Meta Platforms, the future of AI, prediction markets and the Supreme Court ruling on mail-in ballots.
Vincent Reinhart, Chief Economist over at BNY Investments, discusses the Bank of Japan's upcoming rate decision due Friday. He speaks with Romaine Bostick on "The Close."
The State Department notified Congress that it plans to sell Saudi Arabia up to 48 F-35 warplanes in a first-time sale that could be worth as much as $24.3 billion. The sale of the Lockheed Martin Corp. fighter jet to Saudi Arabia has been in the works for a number of years. President Donald Trump signaled in November the US would sell F-35s to the Kingdom, offering Crown Prince Mohammed bin Salman a prize he's long cherished, ahead of a visit to the White House that month. Meantime, the Pentagon and Lockheed Martin Corp. are moving to speed up the production of a new classified air-to-air missile for US Air Force and Navy jets that's seen as vital to deterring China. For more, we speak with Wayne Sanders, Senior Defense Research Analyst for Bloomberg Intelligence.
Jeni Britton, founder of Jeni's Splendid Ice Creams and now Founder and CEO of Floura, discussed her shift from ice cream to fiber-based snacks made from produce trim like apple cores, watermelon rinds, mango and pineapple rinds. Britton highlighted Starbucks as an important validation point for the young company, saying the placement gives Floura higher visibility and credibility as it expands beyond its direct-to-consumer roots. She speaks with Romaine Bostick on "The Close."
Michael Kliger, CEO of LuxExperience, said the luxury market is becoming increasingly polarized, with affluent customers continuing to spend heavily while middle-class shoppers pull back under inflationary pressure. He said the company is less concerned about total active customers, which are around 900,000, than about growing the small group of top customers that generate a disproportionate share of sales. He speaks with Romaine Bostick on "The Close."
Saudi Arabia is ramping up prompt sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom's East-West pipeline, which halted cross-country flows to its Red Sea coast. The sale helped attribute to a fall in oil prices as physical markets cooled from recent peaks as traders bet some Middle East supply outages would be short-lived. Noam Raydan, William Sudhaus Senior Fellow at the Washington Institute, joins Bloomberg Businessweek to discuss why the Saudi pipeline is so crucial and what the attack on the pipeline could mean for the broader Saudi oil industry.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Lisa Mateo, and Alexis Christoforous.
Bloomberg's Aashna Shah joins Scarlet Fu on "Bloomberg Real Yield." US state and local government bonds are near their cheapest levels relative to Treasuries in a year as heavy issuance and fading demand collide with a broader fixed-income selloff.
Sinjin Bowron, head of performing credit at Beach Point Capital Management, joins Scarlet Fu on "Bloomberg Real Yield." They discuss the leveraged loan market after the Fed raises rates this week.
United Nations General Assembly president Khalilur Rahman speaks with Bloomberg's Romaine Bostick. This week United Nations Secretary General said nations must coordinate global efforts to regulate AI, echoing calls for closer monitoring of the technology after warnings from leaders of the world's top firms. The comments come days before world leaders descend on New York for the UNGA's annual high-level week.
Grammy-Award winning artist will.i.am sits down with Bloomberg's Romaine Bostick from Dreamforce to discuss his efforts to develop personal AI agents for college students, and the fundraising efforts around his company, FYI.AI
Bloomberg News AI reporter Shirin Ghaffary said that recent disclosures of AI safety incidents at OpenAI are a 'watershed moment' in the public understanding of AI risks as models get more powerful and employees issue warnings. Ghaffary said that getting AI models to align with companies intended goals is an ongoing issue and a the fact that it hasn't been solved yet amid rising AI integration is a 'big, big problem.'
