Sheila Gulati, Founder and Managing Director of Total Capital and a former leader of Microsoft's Azure business, discusses rising warnings from Sam Altman, Dario Amodei, and others about the AI sector. The segment frames the conversation around whether those warnings should be taken seriously and how they relate to broader concerns about AI oversight. She speaks with Romaine Bostick & Bailey Lipschultz on "The Close."
On this episode of Stock Movers: - Alibaba (BABA) shares are higher this morning after the company rolled out what it calls China's most powerful AI chip and announced plans to expand data center capacity in the coming years. - ON Holdings (ONON) is getting a boost as it expects sales growth in the high teens over the next few years as it moves into sports including golf and football. - Viking Therapeutics (VKTX) shares surged after the biotech released data from its VK2735-102 maintenance study showing VK2735, its experimental obesity drug, maintained up to 97% of weight loss versus 61% for placebo when subjects switched to every-other-week dosing. Leerink analysts said the "stellar" data strengthens the drug's competitive profile.
Investors in the US Treasury market are shifting their focus to owning shorter-dated government bonds, a bet that the Federal Reserve will eventually emerge victorious in its fight against inflation. Gennadiy Goldberg, Head of US Rates Strategy at TD Securities, discusses how the current rate hiking cycle might evolve and where the 10-year could finish the year.
In an address to the United Nations General Assembly, President Donald Trump said he has a big decision to make on Iran - either make a deal to end the war, or does he annihilate the Islamic Republic. Trump does say he thinks a deal will be made after the midterm election.
Federal Reserve Bank of New York President John Williams says the shift to central clearing for US Treasuries and Treasury-collateralized repurchase agreements is ahead of schedule.
Goldman Sachs Chief US Equity Strategist Ben Snider says investors should not be anxious. He expects S&P 500 companies to report double-digit earnings growth starting next week. He also talks about the AI trade on "Bloomberg Open Interest."
Goldman Sachs Group has emerged as the lead bidder to acquire a credit manager that oversees $37 billion as the bank revs up its dealmaking pace. Sridhar Natarajan reports on "Bloomberg Open Interest."
Alibaba Group Holding is rolling out what it calls China's most powerful AI chip, an accelerator to compete with Nvidia. Ed Ludlow reports on "Bloomberg Open Interest."
Ecuador is asking the US "every day" for more help fighting a cocaine trade President Daniel Noboa estimates is worth $30 billion a year. In an interview with Bloomberg Television's Francine Lacqua in New York on Sept. 21, Noboa said Ecuador is "going after the big fish" and needs help from the US and Europe. He says about 1,200 tons of cocaine move through Ecuador each year, with roughly 80% destined for the US and Europe. But Noboa says Ecuador will remain in charge of all operations, saying the country would "never give a blank check to any country."
Kallum Pickering, Peel Hunt Chief Economist, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the risks around rising debt-fueled growth.
European countries need to move away from their reliance on EU governing bodies to make decisions and take matters into their own hands says Cristina Caffarra, Founder and Chair of the Eurostack Initiative. She spoke to Bloomberg's Guy Johnson on 'The Pulse'.
Paul Sankey, president at Sankey Research, warns of oil market risk from tightness in US refining capacity as diesel reaches new record highs. Sankey discusses the effects of a potential US diesel export ban and the lingering impacts he sees for the global oil market through the end of this year and into 2027. He speaks on "Bloomberg Surveillance."
