Rick Rieder, CIO of global fixed income at BlackRock, calls the July US employment report "unremarkable." Speaking on "Bloomberg The Open," Rieder says he expects 6% nominal GDP amid a "productivity revolution" in the US.
US employers unexpectedly cut jobs in July and hiring over the previous two months was revised lower. 23,000 jobs were lost, the estimate was for a gain of 80,000 jobs. The unemployment rate fell to 4.1% from 4.2%. Bloomberg's Michael McKee reports.
Jeffrey Rosenberg, portfolio manager of the Systematic Multi-Strategy Fund at BlackRock, explains why he would be "hesitant' to write off the July US jobs report which saw payrolls decline by 23,000 while the unemployment rate fell to 4.1%. Rosenberg says he sees the headline number as "a bit confusing."
Christopher Hodge, Natixis Chief US Economist, expects a modest uptick in unemployment in the upcoming US jobs report. He joins Bloomberg's Vonnie Quinn on "Bloomberg Brief."
Rory Blundell, CEO and co-founder of Gravitee, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the importance of governance, security, and control in the rapidly evolving AI landscape.
Banca Monte dei Paschi di Siena exceeded profit expectations in the second quarter. Rival lender Banco BPM last week dropped a proposal to Monte Paschi to start merger discussions. Bloomberg's Steven Arons reports.
Fahad Kamal, CIO at Coutts, discusses maintaining an overweight position on risk assets driven by a positive macroeconomic environment, supportive labor market data and AI investment. "Everything that we've heard in the earnings reports would suggest that this carries on for now," he tells Bloomberg Television.
Anna Edwards, Lizzy Burden and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Rheinmetall CEO Armin Papperger says he is "very unhappy" after Germany withdrew a 10 billion naval contract, saying it wasn't a "responsible use of budgetary funds," a decision that forced the defense company to cut its outlook. Papperger made the comments in an interview with Bloomberg TV's Francine Lacqua on August 6.
Amidst an already volatile economic and geopolitical backdrop, Europe is faced with a new a challenge in the form of an escalating climate crisis. Hot, dry weather across the continent has put communities under threat from deadly wildfires. Rivers and critical waterways are also in danger of falling water levels which could also cause disruptions to power facilities and fracture the transportation of coal, fuel, and industrial commodities. The Opening Trade spoke with guests about what the ongoing volatility means for European governments and business leaders.
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