Bloomberg News and Videos — Page 197

Nina Trentmann, Senior Editor at Bloomberg News, discussed the recent appointment of Dave Denton, formerly Pfizer's CFO, as Nike's new Finance Chief. While some analysts have expressed concerns about Denton's lack of direct retail and apparel industry experience, Trentmann noted that for large companies like Nike and Pfizer, deep industry knowledge may be less critical than experience managing a complex, global business with a significant market capitalization and extensive supply chains. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

Yogesh Gupta, CEO of Progress Software, said that AI is a big driver for his company as it beat earnings estimates and boosts forecasts for the next quarter. Gupta said that his company can aggregate data for AI in a way that reduces the number of tokens necessary to run AI agents and saves customers money.

Drake MacFarlane, M Science Research Analyst, expressed cautious optimism about Nike's recent apparel sales boost, particularly from soccer jerseys, noting it as a positive short-term factor. However, he emphasized that Nike's need to strengthen its sports credentials and improve its footwear segment represents a longer-term challenge. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Samantha Dart, co-head of global commodities research at Goldman Sachs, said that markets haven't reacted to 'flare ups' in the Strait of Hormuz because US energy exports and China imports have remained consistent, signaling the oil market is still headed in the right direction.

NBA Hall of Famer Yao Ming discusses being a part of the New York Shanghai Science & Technology Forum. He discusses the global expansion of the NBA, and the popularity of basketball around the world. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Nike reported better-than-expected results last quarter, a sign that CEO Elliott Hill's turnaround efforts are gaining some traction. Bloomberg Intelligence's Poonam Goyal has more on "Bloomberg The Close."

Dea Markova, policy director at Fireblocks, joins Isabelle Lee on "Bloomberg Crypto." They discuss the expected updated draft to the Clarity Act that may be released soon.

Jack Lew, former US Treasury Secretary and former US ambassador to Israel, says economic sanctions on Iran can be effective but need to be used with care. Speaking on "Bloomberg The Close," Lew also comments on the US dollar and the Israel-Lebanon pact.

Bloomberg Intelligences Nathan Dean joins Isabelle Lee on "Bloomberg Crypto." One of the Republican senators spearheading efforts to pass an industry-backed measure to regulate cryptocurrency and digital assets said Thursday lawmakers plan to soon release an "updated draft" of the bill that seeks to address members' concerns over ethics.