Micron President and CEO Sanjay Mehrotra discusses the company's significant expansion of DRAM manufacturing in the US. Speaking with Bloomberg's Tyler Kendall, Mehrotra highlights the importance of this advanced memory technology for critical sectors such as automotive, aerospace, defense, industrial and networking.
Goldman Sachs Vice Chairman Rob Kaplan, a former Dallas Fed president, spoke with Julie Fine after Kevin Warsh was sworn in as Fed Chair. Kaplan said he expects newly sworn-in Fed Chair Kevin Warsh will be independent from political influence, which is essential for the central bank to maintain credibility with the public and markets.
The United Arab Emirates has made a more concerted push for an end to the Iran war in recent days, joining Saudi Arabia and Qatar in urging US President Donald Trump to give negotiations a chance, according to several people familiar with the matter. Michelle Brouhard, Head of Policy and Geopolitical Risk at Kpler joins Balance of Power to discuss.
Robert Kaplan, Goldman Sachs vice chair and former president of the Federal Reserve Bank of Dallas, expects Kevin Warsh to be an "excellent" Fed chair. Speaking with Julie Fine, Kaplan also discusses the shift in market expectations over the past eight weeks, from anticipating a rate cut later in the year to now considering a possible rate increase or no change due to persistent inflation and elevated oil prices.
Shares of Lenovo soared in Hong Kong trading Friday after the company reported strong growth in AI-related earnings, offsetting challenges from rising component prices. Winston Cheng, CFO of Lenovo, joins Ed Ludlow on "Bloomberg Tech."
SpaceX delayed a critical test of its massive Starship rocket after a pin tied to the launch tower mechanism failed to retract during the final countdown. The setback comes just a day after the company formally filed for an IPO. Laura Crabtree, CEO of Epsilon3 and former SpaceX engineer, joins Ed Ludlow on "Bloomberg Tech."
Shares of Zoom jumped after the company raised its full-year forecast for both adjusted earnings and revenue, prompting an upgrade at KeyBanc and higher price targets at both RBC and Baird. Zoom CFO Michelle Chang joins Ed Ludlow on "Bloomberg Tech."
Puig Brands plunged on Friday following the collapse of a proposed combination with Estee Lauder Cos. that would have created one of the world's largest fragrance and skincare companies. Deborah Aitken, Bloomberg Intelligence Luxury Goods Analyst discussed the merger with Scarlet Fu and Isabelle Lee.
Kevin Warsh says he'll lead a "reform-oriented" Federal Reserve and goals will be pursued with "independence and resolve." In the months leading up to his nomination, Warsh said the Fed was not lowering rates enough. He speaks during the ceremony at the White House.
President Donald Trump says no one in the US is better prepared to lead the Federal Reserve than Kevin Warsh as he swears Warsh in at the White House as the 17th chair of the Fed.
Inflation is exposing a major divide in the US economy according to Citi Retailing and Hardlines Analyst Steven Zaccone, He joins Bloomberg Open Interest to explain why wealthy consumers keep spending while lower-income shoppers struggle with rising gas and living costs. From Walmart and BJ's to Williams-Sonoma and AutoZone, we look at the retail winners and losers in today's "K-shaped" economy.
Bond traders are fully pricing in an interest-rate hike by the Federal Reserve this year, a sign of conviction in the market that incoming Chair Kevin Warsh will need to move quickly to combat inflation. Traders boosted their bets for higher rates on Friday after Fed Governor Christopher Waller said he supports making clear the central bank's next interest-rate move is just as likely to be an increase as a cut. Interest-rate swaps imply that the market sees the Fed's benchmark rate at least 25 basis points higher by the end of 2026. It's a complete turnaround from earlier this year, when President Trump's selection of Warsh to lead the Fed inspired Wall Street to bet on several rate reductions in 2026. Traders quickly re-calibrated those wagers after the US and Israel attacked Iran in late February. For more on the inflation outlook, we speak with Kathy Bostjancic, Senior Vice President & Chief Economist at Nationwide.
