An in-line inflation reading spurred gains in both stocks and bonds, easing concern about imminent Federal Reserve interest-rate increases despite elevated oil prices. Ed Yardeni, Founder at Yardeni Research, talks about raising his S&P target and the market melt up.
Cava is hot, kind of bucking a trend when it comes to eating out with prices generally rising. The fast-casual restaurant chain known for its Mediterranean-inspired dishes says sales rose faster than expected due to increased demand for its salmon and pita chips. Sales did slow down due the cyclospora outbreak. Michael Halen, Bloomberg Intelligence senior restaurant analyst, has more.
Moderate Democrat David Crowley defeated Democratic Socialist Francesca Hong in Wisconsin's primary for governor, an upset in a race that had become a test of the party's ideological direction. Terry Haines, Founder of Pangea Policy, discusses the Wisconsin Governor Primary results as well as the outlook for government across the US as primaries continue in various states.
Luke Petherbridge, CEO of Link Logistics joined Bloomberg Open Interest to explain how the AI boom is creating a second wave of demand far beyond data centers themselves. Cooling equipment, chip manufacturing and infrastructure are filling warehouses across the country, while e-commerce and reshoring add even more pressure to an industrial market where new supply is falling.
Lightbridge CEO Seth Grae says the company's advanced nuclear fuel is progressing faster than expected as testing continues at Idaho National Laboratory. He joins Bloomberg Open Interest to explain why early results look promising, how the fuel could boost output from existing reactors, and why surging US nuclear support could accelerate commercialization.
Firefly Aerospace CEO Jason Kim says launch capacity is tighter than ever as commercial and government demand accelerates. He joins Bloomberg Open Interest to break down the expanded Lockheed Martin partnership, Firefly's growing lunar and Golden Dome businesses, and how the company is ramping Alpha rocket production to dramatically increase launch cadence.
Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates. Marta Norton, Chief Investment Strategist at Empower, reacts to the CPI data.
Goldman Sachs Group will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager's reach in the actively managed ETF market. Katherine Doherty reports on "Bloomberg Open Interest."
On this episode of Stock Movers: - Cava (CAVA) is also rising this morning as sales jumped with Americans flocking to Pita Chips, Salmon, and other Mediterranean-diet oriented foods. - Super Micro (SMCI) is giving a sales outlook that topped even the rosiest projections. That along with Coreweave's report is sending markets higher. - CoreWeave (CRWV) is soaring after booming AI demand bolstered the company's revenue outlook. Nebius (NBIS) is also up this morning with earnings coming out.
On this episode of Stock Movers: - Cava (CAVA) is also rising this morning as sales jumped with Americans flocking to Pita Chips, Salmon, and other Mediterranean-diet oriented foods. - Super Micro (SMCI) is giving a sales outlook that topped even the rosiest projections. That along with Coreweave's report is sending markets higher. - CoreWeave (CRWV) is soaring after booming AI demand bolstered the company's revenue outlook. Nebius (NBIS) is also up this morning with earnings coming out.
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