KKR has released a new report arguing that financing the global AI buildout will require about $8 trillion in capital expenditures, far more than traditional public equity and debt markets can supply on their own. Christopher Sheldon, KKR's co-head of credit and markets, discusses the report on "Bloomberg Open Interest."
American Express Group President Raymond Joabar reveals a new AI powered corporate platform that slashes hours from expense reports, gives finance teams real time spend insights, and uses agentic tools to streamline back office work for mid sized companies. (Corrects name of guest in description.)
American Express Group President Ray Jobar reveals a new AI powered corporate platform that slashes hours from expense reports, gives finance teams real time spend insights, and uses agentic tools to streamline back office work for mid sized companies.
Mark Jones, a political science professor at Rice University in Houston, talks about the polls shaping the final weeks of the midterm campaign and key differences between the numbers in Texas' 2018 Senate race and this year's election. He speaks with Bloomberg's Julie Fine.
Apple is set to make its long-awaited debut in the smart-home market on Oct. 13. The company has a smart-home hub code-named J490, it will update the HomePod mini and unveil a new TV set-top box. Bloomberg's Ed Ludlow reports.
The personal consumption expenditures price index, the Federal Reserve's preferred measure of inflation, increased 0.3% from a month earlier. Excluding food and energy, the PCE price index rose 0.2%. US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Michael McKee reports on Bloomberg Television.
US private payrolls rose by 90,000 in September, the most in three months, and above economists' estimates of 75,000. Michael McKee reports on Bloomberg Television.
Elon Musk should work with South Africa and launch his Starlink satellite internet service there, the country's deputy communications minister Mondli Gungubele said in an interview in Cape Town. The service has not launched in the continent's largest economy, with Musk criticizing as racist laws that require telecommunications companies to be 30% owned by Black citizens. The Deputy Minister was speaking with Bloomberg TV's Jennifer Zabasajja
Francisco Blanch, commodities and derivatives research head at BofA Securities, explains what a US diesel export ban could mean to domestic prices and the global market. Blanch says there are three considerations the Trump administration needs to weigh before enacting a ban. He speaks on "Bloomberg Surveillance."
KKR's co-head of European Infrastructure, Vincent Policard says Europe needs as much as $800 billion a year in infrastructure investment almost double current levels as governments seek private capital to strengthen strategic sectors including AI and space. In an interview on "The Pulse With Francine Lacqua", he also discussed KKR's investment strategy and why the UK remains attractive despite uncertainty around the water sector.
Matthew Miskin, co-chief investment strategist at Manulife JH Investments, says at the moment "every stock on the planet is loved, every bond on the planet is disliked," and sees PCE data as a potential catalyst for bond investors to step back into the market. He speaks on "Bloomberg Surveillance."
Capital Bancorp (NASDAQ:CBNK) agreed to merge into Peoples Bancorp (NASDAQ:PEBO) in an all-stock transaction valued at approximately $728.1 million, creating a combined banking franchise with expanded commercial and specialty lending operations.
