Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Lisa Mateo and Tim Stenovec.
Noah Wise, Senior Portfolio manager and Head of Global Macro Strategy for the Global Fixed Income team at Allspring Global Investments, and Kelley Gerrity, Fixed Income Client Portfolio Manager at Morgan Stanley Investment Management, join Scarlet Fu on "Bloomberg Real Yield."
Eric Aboaf, CFO of S&P Global, said that his business is to create transparency around hyperscalers for investors as the AI buildout shows no signs of slowing down. Aboaf, who was joined by Bloomberg's Nina Trentmann, said that AI is also an 'accelerant' for S&P Global on the client and revenue side of the business, as feature to help clients access key data.
Hugging Face unveiled MicroDuck, the company's new open-source robot that can walk, talk, and roller-skate. Hugging Face co-founder and Chief Science Officer Thomas Wolf discusses surging demand for robotics and open-source AI, and says the company is currently selling roughly one MicroDuck every four seconds. He also declined to comment on reports that Nvidia is nearing a roughly $13 billion deal to acquire the AI startup, while saying Hugging Face regularly receives acquisition and investment interest. He joins Ed Ludlow on "Bloomberg Tech."
Meta's settlement is a "pittance" relative to the company's profits, according to University of Virginia Law Professor Danielle Citron. She argues the bigger question is whether new protections for teenage Facebook and Instagram users will actually work, questioning a framework that relies heavily on parents to enforce limits and warning that teenagers may find ways around the restrictions. She joins Ed Ludlow on "Bloomberg Tech."
Kathryn Edwards, Bloomberg Opinion columnist and host of the Optimist Economy podcast, said that President Trump's move to lower tariffs on beef imports in an effort to bring prices down is a 'remarkable admission' that tariff policy is increasing prices. Edwards said that the long term cost of beef and other food items is a 'war' the US is 'fighting on multiple fronts' including environmental conditions, industry competition and economic policy.
Nvidia's forecast for roughly 70% revenue growth next fiscal year is changing the debate around the durability of the AI boom, according to Wealth Enhancement Group Deputy CIO Doug Huber. He explains why the question is shifting from whether AI demand is slowing to whether the industry can physically build enough compute to satisfy it, and why Nvidia's investments in frontier AI labs could ultimately deepen demand for its technology. He joins Ed Ludlow on "Bloomberg Tech."
John Herbst, a former US ambassador to Ukraine now at the Atlantic Council's Eurasia Center, said that while Ukrainian strikes were weakening Russia's ability to conduct its war, Russia has 'no new tactics' and is resorting to killing civilians. Herbst described the most recent strikes on the Ukraine capital of Kyiv as 'pure terror, pure war crimes.'
Okta's stock experienced a significant rally following the company's better-than-expected quarterly results and an upgraded revenue forecast. The cybersecurity firm is capitalizing on the increasing demand for security solutions tailored to the growing number of AI agents deployed within businesses. Todd McKinnon, Okta's cofounder and CEO, discussed the factors driving the company's robust growth
Dollar-store chains provided different takeaways on the state of the US retail sector that's facing increasing economic challenges. At Dollar Tree Inc., the company mostly met Wall Street expectations last quarter and left its sales growth outlook for the year unchanged. Dollar General Corp. lifted its view for annual revenue after a quarterly sales beat. Bloomberg's Redd Brown joins to discuss.
Kevin Warsh's inauspicious start as chairman of the Federal Reserve has guaranteed that his speech on Friday at the central bank's annual Jackson Hole conference will command rapt attention. Bloomberg Surveillance Host Tom Keene discusses his expectations for this Jackson Hole meeting and the long awaited speech from Fed Chair Warsh.
KKR (NYSE:KKR) agreed to pay a $250 million civil penalty to settle U.S. Department of Justice allegations that it failed to comply with pre-merger filing requirements in at least 16 transactions.
