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Former Federal Reserve Vice Chairman Richard Clarida talks to Tom Keene and Scarlet Fu on "Bloomberg Money" about his music and upcoming album.

Following earnings this week that saw tech giants like Microsoft and Amazon report aggressive AI spending plans, EZ Primary Research CEO Ed Zitron gives his more skeptical take on the industry. In speaking about OpenAI and Anthropic Zitron argues "everyone is buying into these stocks because they believe all of that CapEx is going towards diverse and spread out AI demand, when in fact, what it's actually doing is helping create infrastructure for two unprofitable, unsustainable companies."

Ryan Serhant, CEO and Founder of luxury real estate firm Serhant, discusses the company's strategic expansion into Texas, highlighting the state's robust job growth and entrepreneurial environment. Texas leads the nation with over 3.5 million startups and small businesses, and more Fortune 500 headquarters than any other state, driving a strong luxury housing market with $25 billion in residential sales over $1 million in the past year. He speaks with Romaine Bostick on "The Close."

Former Federal Reserve Vice Chairman Richard Clarida, and now a global economic adviser for Pimco, talks to Tom Keene and Scarlet Fu on"Bloomberg Money". Clarida endorsed the view that the US has a so-called K-shaped economy, with the divergence between its two branches widening over the past six to seven years.

Former Federal Reserve Vice Chairman Richard Clarida, and now a global economic adviser for Pimco, says said the central bank risks creating uncertainty if it alters its preferred inflation measure without clearly communicating what policymakers are targeting. Clarida offered that caution on Friday on "Bloomberg Money" in the wake of Chairman Kevin Warsh's suggestion for a review of possible alternatives to the US personal consumption expenditure core index, known by the acronym PCE. Clarida speaks to Scarlet Fu and Tom Keene.

Federal Reserve Chairman Kevin Warsh is considering reducing the frequency of the central bank's scheduled policy meetings, the New York Times reported Friday. Warsh raised the proposal to change the frequency of meetings at this week's gathering of the Federal Open Market Committee, the paper added. Bloomberg Managing Editor Kate Davidson said changing the schedule would be the biggest change for Warsh.

Bloomberg's David Gura and Hannah Elliott join Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the slowdown of EV sales in the US and the possible entry of China into the US market.

Bloomberg's Allison Schrager and David Gura join Scarlet Fu and Tom Keene on "Bloomberg Money." Schrager writes that "it is one of the great paradoxes of our time: Americans have never been richer or more negative about the economy. More people are upper-middle class than ever, and even lower-income Americans are richer by almost every measure compared to previous generations. And yet more than three in five Americans say the economy is not working for them."

Illumina CEO Jacob Thaysen discusses the company's earnings, genomic medicine opportunities and the potential for artificial intelligence in life sciences on "Bloomberg The Close."

Chevron CFO Eimear Bonner discusses the company's second-quarter earnings and strategy for operating amid the current geopolitical risks with Bloomberg's Romaine Bostick on "Bloomberg The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Carol Massar and Tim Stenovec.

Retired Army General Wesley Clark, who served as Supreme Allied Commander Europe, said the more the US wants negotiations, the stronger the hand Iran thinks it has at the table. Clark said that the Iranian government sees the fight against the US as existential and that it will take more than taking out a few oil refineries to get the IRGC to surrender, particularly as they receive more backing from Russia and China.