Bloomberg North Asia correspondent Stephen Engle tells Bloomberg This Weekend that President Donald Trump and Chinese President Xi Jinping bought more time to negotiate over trade while major disagreements involving Taiwan, Iran and technology remain. Speaking with hosts David Gura and Christina Ruffini, Engle explains how competition over AI and unresolved economic and security issues are shaping the next phase of US-China relations.
Peter Harrell says that the key dynamic is not which country has the upper hand, but that both China and the United States have meaningful leverage: the U.S. through tariffs, export controls, semiconductors, the dollar and AI technology, and China through rare earths, specialty chemicals, and manufacturing scale. Harrell says this mutual leverage helps explain the recent emphasis on "strategic stability" and why both countries may want to ease tensions for now while they work to reduce their dependence on each other. He speaks to Romaine Bostick on "The Close."
UN Secretary General Antonio Guterres' term ends this year, and three Security Council straw polls have provided no consensus. Guyana's Permanent Representative to the UN Carolyn Rodrigues-Birkett is one of the top contenders. She speaks to Bloomberg Businessweek Daily about why she wants the job, and how she views the UN's role in the world moving forward.
Shannon Arvin says Keeneland's yearling sale is running ahead of last year's pace and is on track to top $550 million, making it the largest horse sale in the world. She said the auction is already up 3% to 4% this year after increasing by 24% last year, reflecting strong demand and continued interest in horse racing. She speaks with Romaine Bostick on "The Close."
Rebecca Patterson, Former Chief Investment Strategist at Bridgewater and Senior Fellow at the Council on Foreign Relations, discusses her broad read on market action. The discussion is framed around whether recent moves in bonds, equities, commodities, and energy are telling the same economic story or whether one market is more predictive than the others. She speaks with Romaine Bostick on "The Close."
In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors. The parallel deals have been questioned by Democratic lawmakers alleging possible conflicts of interest involving Lutnick and his sons. But a more basic set of questions has dogged the project: Can USA Rare Earth Inc., the company getting these public and private funds, actually produce the critical minerals and magnets the government needs to break China's chokehold on global supplies? For a closer look, we speak with Joe Deaux, Bloomberg News Senior Reporter for Corporate & Economic Statecraft.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.
As yields on US Treasuries soar past one high after the next, a reality is sinking in deeper across Wall Street and Washington: More than merely a bond-market slump, this might just be a fundamental shift. Myriad forces have combined to push the government's borrowing costs higher from $100-a-barrel oil and the AI spending boom, to yawning US budget deficits adding to a record $40 trillion debt load all against a backdrop of a Federal Reserve bent on cooling inflation that's run well past target for years. The selling pressure intensified this week as energy prices surged anew and data showed US businesses are humming along, giving an already hawkish central bank more reasons to keep raising interest rates. For a closer look, we speak with Kelsey Berro, Fixed Income Portfolio Manager at JPMorgan Asset Management.
Bloomberg's Christina Ruffini joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss Taylor Swift's new song 'Patient Zero' and new music video debuting this weekend at the MTV Video Music Awards.
Barry Ritholtz, founder and CIO of Ritholtz Wealth, joins Scarlet Fu and Tom Keene on "Bloomberg Money." Barry discusses how he observes most wealthy people in America became successful. They also discuss Barry's new book 'How Not To Invest.'
Jeff Rosenberg, portfolio manager of the systematic alternative ETF at BlackRock, joins Scarlet Fu and Tom Keene on "Bloomberg Money." He explains what's happening in bond markets and says investors should broaden to a 50/30/20 portfolio.
Jeff Rosenberg, portfolio manager of the systematic alternative ETF at BlackRock, joins Scarlet Fu and Tom Keene on "Bloomberg Money." He explains what's happening in bond markets and says investors should broaden to a 50/30/20 portfolio.
