United States Financial

On this episode of Stock Movers: - Dick's Sporting Goods (DKS) shares are plummeting as it lowered its full-year outlook amid weakness at its recently acquired Foot Locker unit. - Apple (AAPL) shares are slightly lower as the tech giant is gearing up to launch a new version of its Mac mini desktop computer for the first time in almost two years, according to people familiar with the matter. - SpaceX (SPCX) shares are higher in the premarket as Elon Musk says SpaceX's first AI satellites, powered by Nvidia chips, will initially launch in the fourth quarter of next year and hit "significant scale" in 2028.

Thoma Bravo executives gave ground to lenders, resulting in 40 creditor-friendly changes to the deal documents for Proofpoint, including tighter limits on future borrowing and regular check-in calls. Sridhar Natarajan has more on "Bloomberg Open Interest."

US consumer confidence fell in August to the worst since the start of the year as the Conference Board's gauge of confidence decreased 0.8 points to 89.4 after a downward revision to the prior month. Michael McKee breaks down the data on Bloomberg Television.

Dan Suzuki, global investment strategist at iCapital, discusses the Treasury's recent attempts to lower long-term yields, arguing that the measures taken so far are insufficient and largely symbolic. Speaking on "Bloomberg Surveillance," Suzuki also says the Federal Reserve will have to start hiking rates at some point.

Trey Parker, chief investment officer and co-founder of Sycamore Tree Capital Partners, sees opportunities in credit related to the AI boom, along with risks. He tells Bloomberg's Julie Fine that he sees parallels to the late-1990s telecom collapse and favors short maturities and strong data-center tenant ratings.

Lisa Shalett, CIO at Morgan Stanley Wealth Management, discusses the US Treasury's move to increase the purchases of long-dated bonds and sees a reckoning for stocks "around at least multiples, valuation multiples, is coming, if, in fact, this 10-year pushes forcefully through 4.75 on its way to 5%." (Corrects spelling of guest's name in headline.)

The Bank of Nova Scotia (NYSE:BNS) reported fiscal third-quarter 2026 net income of C$2.95 billion, up from C$2.53 billion a year earlier, with higher revenue and earnings growth across business segments.

Kit Juckes, chief FX strategist at Societe Generale, says the US Treasury's move to increase the purchases of long-dated bonds is "management of the market, rather than yet, something that you might call intervention of the bond market." He speaks on "Bloomberg Surveillance."

SelectQuote (NYSE:SLQT) reported fourth-quarter fiscal 2026 revenue of $321.7 million, with adjusted EBITDA of $11.9 million, while providing fiscal 2027 guidance for revenue between $1.35 billion and $1.45 billion.

Henry Allen, macro strategist at Deutsche Bank, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss market expectations ahead of the PCE data and the Jackson Hole Economic Policy Symposium.

Volkswagen Chief Executive Officer Oliver Blume told workers at the main Wolfsburg factory on Tuesday that roughly half of the carmaker's additional workforce reductions will need to happen in Germany. William Wilkes reports on Bloomberg Television.

A crowd armed with machetes chased after Ebola responders who were trying to bury a victim in eastern Democratic Republic of Congo. The violence is one of the latest attacks on frontline workers struggling to contain the rapidly spreading pandemic. Bloomberg's Chief Africa Correspondent Jennifer Zabasajja reports.