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Caroline Golin, chief growth and policy officer at NRG Energy, said that AI expansion has outpaced the infrastructure necessary to power it and that energy companies 'weren't prepared' for the opportunity in front of them as the US data center buildout ramps up even further. Despite the pressure on the grid, Golin says that the industry is working to make sure the infrastructure is in place to grow into the future.

Eric Kutcher, McKinsey senior partner and North America chair, said that the technology sector is the where the US remains the most vulnerable to offshore supply chain disruptions as the world up its reliance on semiconductor chips, servers and PCs built in China. Kutcher said that while the US doesn't currently have the manufacturing ability for many of these items, new 'generations' of tech innovation provide opportunity to build out the infrastructure.

Stuart Paul, US and Canada economist for Bloomberg Economics, and Tom Keene, co-host of Bloomberg Surveillance, broke down the information out of the Fed's Beige Book Survey as the Fed reported inflation up across most districts, with costs rising due to conflict with Iran. On the other side, employment remained steady.

Ruchir Sharma, chairman of Rockefeller International and founder and chief investment officer of Breakout Capital, joins to provide insight into the current market dynamics. Sharma references his Financial Times op-ed, arguing that despite strong tech sector profits driven by AI advancements, the earnings narrative may be less robust than investors perceive, suggesting emerging vulnerabilities in the market. He speaks with Romaine Bostick on "The Close."

SpaceX is seeking to raise $75 billion in an IPO that would be the biggest of all time, as Elon Musk's rocket, space and artificial intelligence company targets a historic debut that could clear a path for more mega-listings. Ed Ludlow reports on "Bloomberg The Close."

Macy's CEO Tony Spring discusses the company's earnings, consumer spending trends and the outlook for retail sales with Romaine Bostick on "Bloomberg The Close."

SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk's rocket, space and artificial intelligence company targets a historic debut that could clear a path for more mega-listings. The Starbase, Texas-based company plans to market about 555.6 million shares for $135, according to its filing Wednesday with the US Securities and Exchange Commission. At that price, SpaceX would have a market value of almost $1.77 trillion based on the outstanding shares in the filing. Bloomberg's Anthony Hughes reports.

Edison International CEO Pedro Pizarro spoke with Bloomberg's Tyler Kendall on the sidelines of the Edison Electric Institute 2026 Conference in Las Vegas. He pushed back against California governor candidate Tom Steyer's call to lower rates.

Broadcom (NASDAQ:AVGO) reported strong financial results for the second quarter of fiscal year 2026, underscored by exceptional growth in its semiconductor segment.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alexis Christoforous, and Isabelle Lee.

CrowdStrike Holdings (NASDAQ:CRWD) has reported its financial results for the first quarter of fiscal 2027, ended April 30, 2026, showcasing sustained growth and improved operational profitability.

Five Below (NASDAQ:FIVE) reported robust financial results for the first quarter of fiscal 2026, characterized by high double-digit growth in both top-line revenue and comparable store sales.