Timna Tanners, an analyst for Wells Fargo & Co., says Canada's retaliatory steel tariffs are mostly ``for show'' because the trade war with the US already has made American imports too costly. She speaks with Dani Burger and Sally Bakewell on Bloomberg's ``Open Interest.''
Wells Fargo's Equity Research Analyst Timna Tanners pours cold water on the steel rally, warning that high prices could attract imports and face pressure from new domestic capacity. She calls Canada's looming counter-tariffs largely symbolic and explains why Nucor and Steel Dynamics could outperform if steel prices retreat.
Standard Lithium CEO David Park joins Bloomberg Open Interest on the company's new deal with LG Energy Solutions and how it could unlock financing for a major US lithium project. He also warns China's dominance of lithium chemicals poses a strategic threat and says booming demand from AI data centers, energy storage, EVs and defense could reshape the domestic lithium market.
A flare-up in geopolitical risks sent stocks and bonds lower as oil climbed, raising concerns about inflationary pressures that could make the Federal Reserve raise interest rates. Tracie McMillion, Head of Global Asset Allocation Strategy at Wells Fargo, discusses the constructive backdrop for stocks and commodities.
Lisa Sturtevant, Chief Economist at Bright MLS, discusses the current real estate market and how affordability pains are causing 'shadow homebuyers' to wait until rates drop in order to buy.
On this episode of Stock Movers: - PG&E (PGE) are extending their downward move as California legislators introduced a bill that would update the state's wildfire response without shifting liability away from publicly traded utilities. At least three research firms, including BMO Capital Markets and Wells Fargo, downgraded the stock. - Chevron (CVX) and ExxonMobil (XOM) shares are rising along with the price of oil. Washington and Tehran exchanged strikes for the first time in about a month, with US Central Command targeting rocket launchers preparing to send mines into the Strait of Hormuz. In response, the Islamic Revolutionary Guard Corps said that it had attacked US air bases in Jordan. - Nvidia (NVDA) shares are rising after the leader in AI chips dropped 4.6% Friday. It's the only stock rising in the Mag 7 on Monday.
Nvidia CEO Jensen Huang says their chips accelerate the entire lifecycle of artificial intelligence. He speaks exclusively with Bloomberg's Ed Ludlow and says Nvidia can address markets that no one else can.
Nvidia Corp. Chief Executive Officer Jensen Huang and Rick Tsai, MediaTek Inc. CEO, talk about expanding their partnership. Nvidia is investing $3.5 billion in the Taiwanese chipmaker. They speak exclusively to Bloomberg's Ed Ludlow.
"This diesel price is a colossal problem," says Paul Sankey, president at Sankey Research, as he examines US plans to control more than 65 billion barrels of Venezuelan oil. Sankey says the industry is short of refining and that's "the big issue" for the global market.
American Financial Group (NYSE:AFG) completed the previously announced sale of Charleston Harbor Resort & Marina and expects to recognize approximately $125 million in pretax core operating earnings from the transaction.
George Goncalves of MUFG discusses Fed Chair Kevin Warsh's hawkish Jackson Hole remarks, the outlook for inflation and interest rates, and what upcoming jobs and CPI data could mean for a potential Fed hike. He also examines Treasury yields, market expectations and the longer-term impact of AI on productivity and inflation. He joins Bloomberg's Vonnie Quinn on "Bloomberg Brief."
George Goncalves of MUFG discusses Fed Chair Kevin Warsh's hawkish Jackson Hole remarks, the outlook for inflation and interest rates, and what upcoming jobs and CPI data could mean for a potential Fed hike. He also examines Treasury yields, market expectations and the longer-term impact of AI on productivity and inflation. He joins Bloomberg's Vonnie Quinn on "Bloomberg Brief."
