Bloomberg News and Videos — Page 128

Today will test whether House Republicans can land a one-two punch on short-term funding priorities this week and clear the decks before their August recess, handing a panoply of difficult considerations to the Senate. GOP leadership has teed up votes today to pass a continuing resolution that would fund the government between Oct. 1 and Dec. 4 in hopes of avoiding a shutdown during the midterms. Brian Gardner, Chief Washington Policy Strategist at Stifel, discusses what's on tap for congress this week, as well as the outlook for both Democrats and Republicans heading into midterms.

GE Aerospace Chairman and CEO Larry Culp discusses the company's order backlog, supply chain investments, and how improved deliveries from key suppliers is helping to boost output. He speaks with Guy Johnson on the sidelines of the Farnborough International Air Show 2026 on "Bloomberg Open Interest."

Bond traders and Federal Reserve Chairman Kevin Warsh are in agreement on a crucial point: The central bank's fight against inflation still seems far from over.  The Labor Department report that US consumer prices in June saw the first monthly drop since 2020 was met with relief in financial markets, where investors last week rapidly unwound bets that the central bank might start raising interest rates later this month.  Rob Sockin, Chief Economist at PGIM, discusses his base case of three rate hikes in 2026.

On this episode of Stock Movers: - Cracker Barrel (CBRL) shares are higher after the restaurant chain said it now expects to exceed its adjusted Ebitda outlook, and achieve or exceed the high end of its revenue range for fiscal 2026 following two completed strategic transactions. - Danaher (DHR) shares are tumbling after the life sciences firm gave core revenue growth guidance for the third quarter that fell short of the average analyst estimate. - Equifax (EFX) shares are lower after the company lowered the top end of its adjusted earnings per share forecast for the full year and lifted the bottom end of the guide. The midpoints of the new guidance for the third quarter and full fiscal year are below analyst estimates.

Novo Nordisk A/S is suing rival drugmaker Eli Lilly & Co. for showing what it calls misleading ads about obesity drugs in the US. Novo says Lilly is using outdated information when comparing Novo's Wegovy to Lilly's Zepbound. John Kuckelman, Novo Nordisk Group general counsel and senior vice president, speaks on "Bloomberg Open Interest." Lilly says in a statement to Bloomberg that it's ads are "truthful" and "transparent" and the company will defend "vigorously" against the Novo lawsuit.  (Corrects spelling of Novo Nordisk)

Bearish bets across US stocks are surging to a record in the face of market gains, reflecting anxiety about the staying power of a rally that has seen the S&P 500 jump 18% from late March. Short interest in S&P 500 Index stocks is sitting steps away from 3.79% of free float, an all-time high in data tracked by S3 Partners LLC going back to 2010. For the Russell 3000 companies, the figure has recently climbed to 6.3%, a record. While betting against stocks has generally been a losing proposition this year, short sellers are sticking to their guns as worries about the payoff from artificial intelligence investments keep rattling the markets. Concerns about AI-related spending and competition from China sent the S&P 500 down 1.6% last week. Tom Thornton, President at Hedge Fund Telemetry, joins Bloomberg Businessweek Daily to discuss market sentiment and his call in late May about pressure and leverage in Korean equities.

General Motors CFO Paul Jacobson discusses second-quarter earnings that topped estimates and saw the automaker raise its full-year profit forecast by another $500 million. Jacobson also discusses product demand and managing tariff and inflationary pressures on "Bloomberg Surveillance."

The UK is hosting the Farnborough International Air Show, a key gathering of leaders in the aerospace industry. Wes Streeting, the new UK Defence Secretary, is in charge of delivering Britain's recent Defence Investment Plan as part of which the UK government has set aside an additional £3.2bn for space capabilities. But how well prepared are the UK and its allies to operate in the warfighting domain of the future? Robert Lightfoot, President of Lockheed Martin Space, joins Caroline Hepker and James Woolcock on Bloomberg Radio to discuss.

The US and Iran exchanged strikes for a 10th consecutive day as the US targeted Iranian military command centers, launch sites, and air defenses overnight, and Iran attacked sites in Kuwait and Jordan. Tyler Kendall reports on Bloomberg Television.

Francisco Blanch, commodities and derivatives research head at BofA Securities, says the pain points in the global oil market are being shown in gasoline and diesel prices per barrel and discusses what a potential blockade of the Red Sea can mean for the global market.