Thinkorswim Co-Founder Tom Sosnoff discusses launching a new AI wealth platform, LossDog, aimed at capitalizing on the rise of retail trading. He talks with Romaine Bostick and Isabelle Lee on "The Close."
President Donald Trump posted on social media that he would extend the ceasefire with Iran, after plans for diplomatic talks between the two countries were scrapped. Joe Mathieu reports on "Bloomberg The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.
Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York Bill Dudley says Kevin Warsh needs to tune out all the pressure from President Donald Trump. He says Warsh can't vote for an interest rate cut in June unless the war with Iran is over.
Walter Piecyk of Lightshed Partners has been saying for over a year that Apple needs a new CEO, and now they're getting one. Piecyk is on "Bloomberg Surveillance."
Bloomberg's Mike McKee detailed changes to the Federal Reserve that fed chair nominee Kevin Warsh revealed in his confirmation hearing Tuesday, saying that Warsh may want to change or eliminate economic guidance. Warsh told Senators that he is not a fan of the Fed's forward guidance and feels that it sticks to it too closely. Warsh also indicated that he would aim to hem in federal reserve members speaking out ahead of rate decisions.
Former Treasury official Kitty Richards, senior strategic adviser at the Groundwork Collaborative, said the financial disclosures of Kevin Warsh, the nominee to be chair of the Federal Reserve, leave some important questions unanswered because some of his holdings remain under wraps. Richards also spoke about questions around Fed independence, saying that Warsh's stances indicate he is more interested in the 'way the political winds are blowing' than the data.
Merck (NYSE:MRK), known as MSD outside the U.S. and Canada, announced today that the U.S. Food and Drug Administration (FDA) has approved IDVYNSO™, a new single-tablet antiretroviral regimen.
Senator Thom Tillis, a Republican from North Carolina, says that he would be in favor of a joint committee investigation into the oversight of renovations at the Federal Reserve. Tyler Kendall reports on Bloomberg Television.
Kevin Warsh repeatedly pledged to act independently if he's confirmed as the next Federal Reserve chair, rejecting Democratic concerns he would be a "sock puppet" for President Donald Trump, who continues to demand lower interest rates.
Republican Sen. Thom Tillis called on the Department of Justice to end its probe into Federal Reserve Chair Jerome Powell for the Fed building cost overruns so he can support Kevin Warsh's nomination. Tillis praised Warsh during the Senate hearing for Trump's pick for Fed chair, saying, "I look forward to supporting your nomination, and I look forward to this investigation being taken down." Tillis expanded on the Fed building's renovation costs, saying, "There were a variety of reasons why this building went over budget. And as a matter of fact, if we put everybody in prison in federal government that had had a budget go over, we'd have to reserve an area roughly the size of Texas for a penal colony because of way government projects work."
John Ternus has risen through the ranks at Apple is now going to be the next CEO starting in September. He started at Cupertino in 2001. Bloomberg Senior Tech Editor Dana Wollman has more on what we know about Ternus.
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