Paul Donovan of UBS Global Wealth Management joins Bloomberg's Guy Johnson on "Bloomberg Brief" to discuss his reaction to the BOJ raising its key interest rate and his thoughts on what's next for the Federal Reserve and Chair Kevin Warsh.
Max Kettner, chief multi-asset strategist at HSBC Bank, says equity markets have '100%' discounted higher interest rates from here and points to the global strength in earnings supporting stocks.
With the US midterm election about six weeks away, President Donald Trump's approval rating is near record lows. Voters now trust Democrats more than Republicans on a laundry list of issues: to handle the economy, health care, immigration, the deficit, cost of living and foreign wars, according to a fresh New York Times/Siena poll. "Inflation is still high, consumers are feeling it" and come polling day, voters will be thinking about "affordability, affordability, affordability", says Timothy O'Brien, Senior Executive Editor for Bloomberg Opinion. O'Brien joins "The Pulse with Francine Lacqua" to discuss what's at stake for the Trump administration, and what voters are most concerned about heading into the election.
French Finance Minister Roland Lescure discusses the nation's budget deficit and the impact of fiscal concerns on bond markets as the spread between French and German yields widens. "There has been a bit of a rise in the spread, as you said, between France and Germany," Lescure tells Bloomberg's Oliver Crook in Dublin. "This is mostly linked with the fact that we have budgetary issues. We are tackling them," he adds.
German industrial services giant Bilfinger has had a tough week after delivering a surprise guidance cut. The firm is blaming uncertainty coming from the Iran conflict for the warning and is now saying that it may cut 1500 jobs. CEO Thomas Schulz spoke exclusively with Guy Johnson on "Bloomberg Brief."
Polls in Germany are showing Friedrich Merz's personal popularity at a record low for any post-World War II chancellor. His Christian Democratic Union party (CDU) was trounced by the anti-immigration Alternative for Germany (AfD) in a state election earlier this month, and the crisis is set intensify on Sunday when two more states head to the ballots. Bloomberg's Chad Thomas reports from Berlin.
Spanish Finance Minister Carlos Cuerpo talks with Oliver Crook in Dublin about China relations, the European Union's proposal for Canada to become an associate member, and leadership of the European Central Bank.
The US may delay announcing new tariffs on China until after next week's meeting between Presidents Xi Jinping and Donald Trump, according to people familiar with the matter. Bloomberg's Brendan Murray explains.
Oil dropped for a third day as supply concerns eased and traders looked to the next round of diplomacy that'll shape the conflict. US President Donald Trump told Axios he was approaching a "big decision" on whether to re-escalate attacks on Tehran, with a meeting with Persian Gulf nations planned for next week in New York. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.
Huawei is accelerating the debut of its next-generation AI chip by several months, aiming to replace Nvidia in China and compete on the global stage. The Ascend 960DT chip will now be launched in the first quarter of 2027. Another variant of the new series, dubbed 960PR, will be delivered in the third quarter. Bloomberg's Anthony Stephens reports.
Turkish officials are trying to stop a meltdown at some of the country's most prominent asset managers from infecting the wider financial industry. Several top finance executives were either detained or given travel bans as part of a widening investigation related to mass outflows from asset managers this week. Bloomberg's Beril Akman reports.
The global debate over artificial intelligence risks entered a new phase this week amid clashing views from tech executives over whether frontier labs should slow the development of the technology. Leaders of Anthropic, OpenAI, SpaceX and Google DeepMind put forward the need for self-regulation checks on growth that give AI models more control. Meanwhile, Microsoft, Amazon and Meta said they're developing tools to check, control and regulate AI risks as US President Donald Trump called the alerts a "hoax". The call for caution saw a rotation out of tech stocks at the start of the week as investors questioned whether there's a need to reprice the pace of the booming AI buildout.
