Bloomberg News and Videos — Page 115

Tom Kloza, chief energy advisor for Gulf Oil, said that it is unlikely President Trump's proposed easing of limits on tax-exempt 'red-dyed diesel' will do much to bring down the price of diesel and that the only thing that will meaningfully impact high prices is an end to ongoing conflicts in Russia and the MidEast.

Scarlet Fu and Eric Balchunas discuss the new Bloomberg Intelligence tool 'Blue Horseshoe' on "Bloomberg ETF IQ." The new "Blue Horseshoe" tool lets Bloomberg Terminal users see which stocks the biggest active managers ('Big Active') are buying and selling every day on an aggregate basis.

Mick Mulvaney, former acting chief of staff in the first Trump administration, said Ken Paxton, the Republican contender for the US Senate seat in Texas, is the 'weakest candidate' in this election and that there's 'probably not enough money to fix' him. Mulvaney also weighed in on Paxton's comments to lobbyists blaming the White House for his issues campaigning. Mulvaney said that if Paxton wins it will be due to Donald Trump and that the president is the only person who can get Ken Paxton over the finish line in November.

Drew Pettit, chief investment strategist at Roundhill, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss the new Roundhill S&P 500 Target 10000 2030 ETF (ticker: XX), which allows buyers leveraged exposure to long-term call options that become more valuable if the S&P 500 rises significantly by January 2030.

Jeff Weniger, chief investment strategist at Corgi, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss Corgi MANGOS ETF (ticker: MN US), and the company's rapid rise in the ETF industry.

Cinthia Murphy, investment strategist at TMX Vettafi, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss multifactor fund resurgence, buybacks, and the recent approval from the SEC for certain commodity 3X ETFs.

Brian Hartigan, global head of ETFs and index Strategies at Invesco, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss recent competition centered on the Invesco QQQ Trust Series 1 (ticker: QQQ).

Apple's new CEO is putting his own stamp on the company and making design a much bigger priority. Bloomberg's Mark Gurman discusses how John Ternus is taking a hands-on role as Apple prepares a wave of new products in this week's Power On newsletter - also now a podcast. He joins Ed Ludlow on "Bloomberg Tech."

CH Robinson agreed to buy trucking brokerage firm RXO Inc. in a deal centered around a bet that artificial intelligence can help the companies improve efficiency in a challenging freight market. Through a cash-and-stock transaction valued at about $5.8 billion, CH Robinson aims to diversify its business and capitalize on RXO's abilities in expedited and last-mile delivery. CH Robinson, which has been using AI to transform its operations to become leaner, intends to use the system to extract $300 million of cost savings within two years. Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst says that the $300 million estimate could be conservative.

Stuart Kaiser, head of US equity trading strategy at Citigroup Global Markets, says higher gas prices are causing consumer be "edgy" as we get closer to the holiday season. He also expects CEOs to deliver bullish messages during earnings season. He speaks on "Bloomberg Open Interest."