Bloomberg News and Videos — Page 149

During a tense exchange, US Senator Elizabeth Warren challenges Federal Reserve Chairman Kevin Warsh over allegations of a longstanding culture of corruption and ethical lapses within the central bank, particularly focusing on personal stock trading by senior officials.

Stefan Slowinski, global head of software research at BNP Paribas, says software companies are unlikely to see a recovery in spending in the months ahead as companies focus more on products related to artificial intelligence and cybersecurity. He speaks on "Bloomberg Surveillance."

Mark Esper, Former Secretary of Defense spoke with David Gura at the Aspen Security Forum and said that he believes a ceasefire was never in place with Iran, but that the Memorandum of Understanding was thrown out the window. he also discussed NATO's involvement in Russia's war with Ukraine.

On this episode of Stock Movers: - PayPal (PYPL) shares are rallying after Reuters reported Stripe and private equity company Advent International have made a joint offer to buy PayPal for $60.50 per share, valuing the payments firm at more than $53 billion. - Conagra Brands (CAG) shares are moving on news it is cutting its dividend in half, freeing up cash as its new chief executive officer begins his efforts to turn around the packaged food company. - SpaceX (SPCX) shares have fallen to the brink of falling below their initial public offering price after three days of losses, with shares closing at $136.08 each.

KPMG Chief Economist Diane Swonk says the Federal Reserve needs to raise rates twice due to the "endemic" inflation in the US economy on "Bloomberg Open Interest."

Palantir CTO Shyam Sankar joined Tyler Kendall on Bloomberg Open Interest. He argues the Pentagon has dramatically accelerated defense tech adoption and says the 2027 budget marks a turning point for AI-powered warfare. He also warns that America's biggest AI challenge isn't China, but rather it's turning innovation into economic prosperity while staying ahead in the global technology race.

Despite cooler inflation data, KPMG Chief Economist Diane Swonk says the fight against inflation is far from over. She joined Bloomberg Open Interest to talk about why the Fed may need two more rate hikes. She says geopolitical tensions could reignite food and energy inflation, and warns the AI-driven market rally is masking growing financial stress for everyday consumers.

Johnson & Johnson reported $25.3 billion in revenue in the second quarter, surpassing the average estimate from analysts, but disappointing demand for its medical devices overshadowed better-than-expected drug sales. Madison Muller reports on Bloomberg Television.

Former US Ambassador to China Nicholas Burns speaks to Bloomberg News's David Gura on Tuesday at the Aspen Security Forum about the perils of Nvidia's advanced AI chips being shipped to China as well as the geopolitical and global market consequences in the wake of the collapse of the US-Iran interim peace deal. Speaking on the sidelines of the Aspen Security Forum in Colorado, Burns says President Trump is "making a major mistake" by allowing Nvidia to sell its products to one of the US's biggest rivals.

Morgan Stanley's stock traders beat expectations to set another quarterly record as the firm earned $6.3 billion from equity trading in the period, a 69% jump that topped its previous all-time high from the first quarter. Jonathan Ferro and Lisa Abramowicz examine the results on "Bloomberg Surveillance."