Rheinmetall CEO Armin Papperger says he is "very unhappy" after Germany withdrew a 10 billion naval contract, saying it wasn't a "responsible use of budgetary funds," a decision that forced the defense company to cut its outlook. Papperger made the comments in an interview with Bloomberg TV's Francine Lacqua on August 6.
Amidst an already volatile economic and geopolitical backdrop, Europe is faced with a new a challenge in the form of an escalating climate crisis. Hot, dry weather across the continent has put communities under threat from deadly wildfires. Rivers and critical waterways are also in danger of falling water levels which could also cause disruptions to power facilities and fracture the transportation of coal, fuel, and industrial commodities. The Opening Trade spoke with guests about what the ongoing volatility means for European governments and business leaders.
Telephone and Data Systems (NYSE:TDS) reported Q2 2026 continuing-operations revenue of $309.3 million, up 3.6%, while attributable net income reached $260.6 million.
Sabrin Chowdhury, Head of Commodities Research at BMI, discusses the outlook for precious metals and oil markets following reports that Iran attacked "hostile targets" in the Strait of Hormuz. She speaks with Haidi Stroud-Watts on Bloomberg: The Asia Trade.
Iran will seek to bar US and Israeli ships from the Strait of Hormuz and require compensation from hostile countries before they're allowed to use it, according to local media reports on a proposed Iran-Oman deal. Bloomberg's Michael Heath reports.
Federal Reserve Bank of St. Louis President Alberto Musalem explains why he expressed a preference to raise rates at the Federal Open Market Committee's July meeting. Speaking at an event in São Paulo, Musalem also discusses the outlook for inflation.
Trex CEO Adam Zambanini joins Bloomberg Businessweek Daily to discuss the deck materials company's latest earnings results, the company's total addressable market, push into the Southern Sunbelt, customer demand, and more. He speaks with Carol Massar and Tim Stenovec.
Federal Reserve Bank of St. Louis President Alberto Musalem says policymakers can't afford to tolerate higher inflation while they wait for the possibility of stronger productivity growth. He speaks at an event in São Paulo.
Steve Odland, CEO of the Conference Board, discussed the latest CEO confidence survey results, which showed an increase from 47 to 52 between the second and third quarters of 2026, moving the index into positive territory. The second quarter's negative reading was largely attributed to geopolitical tensions in the Middle East, particularly the war in Iran and the resulting spike in oil prices to around $120 per barrel. He speaks with Romaine Bostick on "The Close."
Bloomberg News Editor-in-Chief Emeritus Matt Winkler explains what is behind Canada's investment boom. The country's government poised to attract record investment from outside its borders after foreigners poured $183 billion into Canada's stocks and bonds in the past year. Winkler says its thanks to "reasonable" policies, crediting Prime Minister Mark Carney -- a Rhodes Scholar, former Bank of Canada Governor, and former Bloomberg Board Chair -- for attracting investors to Canada by being "somebody the world knows very well."
RXO, a leading freight broker, reported second quarter results showing a 25% increase in revenue and adjusted EPS exceeding analyst estimates by 6 cents. CEO Drew Wilkerson highlighted that the company is in the early stages of a freight recovery, driven by a significant rise in spot rates that currently outperform contract rates. He speaks with Romaine Bostick on "The Close."
Elanco Animal Health President and CEO Jeff Simmons discusses what's behind the company's increased profit and revenue forecasts. Speaking on "Bloomberg The Close," Simmons also comments on the recent surge in tick bites and consumer spending on pet health products.
