OpenAI is holding early talks with investors about a fresh funding round that would value the company at more than $1.2 trillion ahead of an initial public offering. Michelle Davis reports on "Bloomberg Open Interest."
Indonesian National Economic Council Vice Chair Mari Pangestu believes the country may see a lower budget deficit next year. She also expects fiscal discipline from new Finance Minister Suahasil Nazara. She speaks with Paul Allen on "Insight with Haslinda Amin."
On this episode of Stock Movers: - Intel (INTC) is the most actively traded stock in the premarket after Reuters reported that SK Hynix is in talks with the chipmaker about a deal that would see it manufacture memory chips in the US for the first time. SK Hynix says it's made no decisions in response to a Reuters report that it's in talks with Intel about a deal to make semiconductors in the US. - JB Hunt (JBHT) shares are lower this morning after the trucking company flagged rising costs and issued a rare earnings warning at a Morgan Stanley conference. - Reliance Worldwide (RWC) shares are moving on news Brookfield agreed to pay $3.38 a share to buy Reliance World.
The Federal Reserve is expected to hike interest rates for the first time in three years on Wednesday. Investors on Tuesday saw a greater than 90% chance of a quarter-point move this week and priced in another hike by the end of the year. Michael McKee has a preview.
US retail sales rose broadly in August showing that consumers are still spending despite higher gasoline prices. Twelve of 13 retail categories reported increases, boosted by back-to-school shopping. Sales were up by 1.2% beating the estimate of 0.8%. Bloomberg's Michael McKee reports from Washington.
Bond traders have piled into bearish positions ahead of Wednesday's Federal Reserve meeting, betting that the Treasury selloff driving yields to their highest in almost two decades will continue. Steven Major, Global Macro Advisor at Tradition, discusses the case for a bond rally and falling yields.
Apollo Global Management President Jim Zelter discusses the firm's partnerships with the New York Yankees and Nvidia, the "unprecedented" scale of the AI capex markets, and why he believes "rates are going to be higher for a while." He speaks on "Bloomberg Surveillance."
Clara Wu Tsai sits down with David Rubenstein to discuss New York Liberty's transformation. She talks about moving the team from Westchester to the Barclays Center in Brooklyn, investing in players, facilities and management, and how it all led to winning the WNBA championship. Wu Tsai joins David Rubenstein for the premiere episode of The David Rubenstein Show: Peer to Peer Conversations, Season 12. This interview was recorded June 4, in Brooklyn, New York.
Steven Major, global macro advisor at Tradition Dubai, discusses how interest-rate hikes from the Federal Reserve could impact the yield curve and warns that a rate hike "imposes the risk of some kind of financial conditions event."
WEF Managing Director Saadia Zahidi speaks to Francine Lacqua after their latest annual report on gender found that global gender parity remains more than a lifetime away for women, with current progress meaning it will still take 120 years to reach full equality.
WEF Managing Director Saadia Zahidi speaks to Francine Lacqua after their latest annual report on gender found that global gender parity remains more than a lifetime away for women, with current progress meaning it will still take 120 years to reach full equality. She observes that during times of global crisis such as the pandemic, society seems to shift towards more traditional leadership patterns, and also notes this pattern already emerging in AI.
Illycaffe CEO Cristina Scocchia discusses coffee prices and possible growth opportunities for the company. Speaking on Bloomberg Television, Scocchia also says an initial public offering for the coffee roaster remains a "strategic opportunity," but the economic environment is not the right one. "When the market conditions will improve, we will re-evaluate all the options including the IPO and we will decide if, when, and where to list the company," Scocchia tells Bloomberg's Francine Lacqua.
