Meredith Whitney, CEO of Meredith Whitney Advisory Group, discusses the state of the economy, the outlook for Federal Reserve monetary policy and the expectations for corporate earnings this quarter on "Bloomberg Open Interest."
Bloomberg's Michael McKee reports that US consumer confidence for July declined to 90.8, below expectations of 92.4, as Americans' views about current business conditions and the labor market deteriorated.. He speaks on "Bloomberg Open Interest."
Visa is eliminating about 2,600 jobs, or roughly 7% of the workforce, as Chief Executive Officer Ryan McInerney seeks to make the firm more efficient. Paige Smith reports on Bloomberg Television.
Former Kansas City Fed President Thomas Hoenig says raising interest rates in September would be very difficult since it's so close to Election Day. Hoenig also says Fed press conferences don't have to be held after every meeting. He speaks on "Bloomberg Surveillance."
Former Federal Reserve Governor Betsy Duke does not expect the Federal Reserve to move on interest rates Wednesday, but she does say a good case can be made for a quarter-point hike. She speaks on "Bloomberg The Close."
Boeing generated better-than-expected cash flow in the second quarter thanks to higher payments for new aircraft. The positive cash surprise was overshadowed by a fresh $280 million charge for the Air Force One program, which is years behind schedule and billions over budget. Brooke Sutherland reports on Bloomberg Television.
The Federal Reserve is widely expected to keep interest rates on hold Wednesday according to a Bloomberg poll of economists, but some say Chairman Kevin Warsh could still surprise Wall Street with a hike. Bloomberg's Michael McKee will be covering the decision and has a preview of what to look for.
The US and Iran extended their pause in hostilities for a fourth straight day, with the focus on talks between Tehran and Oman over restarting traffic in the Strait of Hormuz. Tyler Kendall reports on Bloomberg Television.
China set boundaries on new US tariffs while warning Washington against sanctioning Chinese artificial intelligence companies just weeks before the next meeting between President Donald Trump and Chinese leader Xi Jinping. Brendan Murray reports on Bloomberg Television.
Laura Cooper, macro credit head at Nuveen, discusses the selloff in semiconductor stocks and says that it is not a cause of meaningful concerns about drawdowns in the tech space as the earnings backdrop remains "exceptionally robust." She adds that so far, investors show an interest in continuing to bet on "big AI ambitions." Cooper speaks on Bloomberg Television.
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