Bloomberg News and Videos — Page 244

US President Donald Trump said Intel will work alongside Apple to design and produce semiconductors domestically. Ed Ludlow reports on "Bloomberg Open Interest."

Wall Street staged a comeback that saw stocks climbing as tech shares led gains and oil fell. Anastasia Amoroso, Chief Investment Strategist: Private Wealth at Partners Group, discusses the day's market moves and what to expect from tech investment optimism.

On this episode of Stock Movers with Alexis Christoforous: - Intel (INTC) surged in premarket trading and Apple (AAPL) shares are also moving on news the chipmaker will work alongside Apple to design and produce semiconductors domestically. President Trump made the announcement. - Smith and Wesson (SWBI) shares are rising this morning. The company had a profit of 36 cents a share on a comparable basis for the latest quarter, and sales of $178.4 million. - Kroger (KR) shares slid the most intraday since Oct. 2022, after the CFO David Kennerley said that adjusted EPS for the second quarter is expected to be in line with a year ago.

New Century Advisors Chief Economist Claudia Sahm argues the Federal Reserve's decision not to include the dot plot in its recent statement of economic projections was a mistake. She speaks on "Bloomberg Surveillance."

Initial claims decreased by 4,000 to 226,000 in the week ended June 13, according to Labor Department data as the Philadelphia Fed Index showed solid activity. Mike McKee reports on "Bloomberg Surveillance."

Kay Haigh at Goldman Sachs Asset Management says two-year Treasury yields may become more volatile as Federal Reserve Chairman Kevin Warsh charts a new course for central bank communications. He speaks with Lisa Abramowicz and Annmarie Hordern on "Bloomberg Surveillance."

The Iran war has not had a "severe" impact on the machine tool industry says Stephan Mayer, CEO for Machine Tools at German manufacturing technology firm Trumpf. Instead, the bigger headwind to the industry has been tariffs, according to Mayer. He spoke to "The Pulse with Francine Lacqua" on Bloomberg TV.

Bank of England Governor Andrew Bailey tells broadcasters energy prices remain above pre-war levels and that the the central bank needs to assess "how much damage has been done to the infrastructure for supplying energy" in the Middle East. "I think holding is the right position to be in at the moment." Bailey speaks in an interview following the BOE's decision to keep interest rates at 3.75% in a 7-2 vote.

Ed Yardeni of Yardeni Reseach says Federal Reserve Chairman Kevin Warsh "pretty much" committed to bringing inflation down to 2%. Yardeni talks about what Warsh will do now on "Bloomberg Surveillance."

President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, but some Republicans say the US is giving up too much. Laura Davison reports on how the deal came together and what comes next.