Bloomberg News and Videos — Page 597

Mike Wilson, Morgan Stanley's chief US equity strategist and CIO, explains the recent market volatility is part of an ongoing rotation among cyclical and commodity sectors. He highlights that earnings revision breadth has reached unsustainably high levels, particularly in the semiconductor sector, signaling a near-term rollover. He speaks on "Bloomberg Open Interest."

David Kelly, chief global strategist at JPMorgan Asset Management, says there's a good chance that May "will actually turn out to be the high-water mark for inflation in this cycle" as he examines what the CPI report means for Federal Reserve policy at the June meeting.

Mike Wilson, Morgan Stanley's chief US equity strategist and CIO, says the recent equity and debt offerings signal a healthy market. Speaking with Matt Miller on "Bloomberg Open Interest," Wilson says there's enough capital out there to absorb all of the recent IPO activity.

US inflation accelerated in May with the Iran war pushing up energy prices, as the consumer price index climbed 4.2% from a year earlier, the most since early 2023. The core CPI, which excludes food and energy, increased 0.2% from April and 2.9% from a year earlier. Michael McKee breaks down the numbers on Bloomberg Television.

SpaceX's initial public offering has attracted demand from institutional investors for multiple times the available shares, according to people familiar with the matter. Banks are expected to stop taking orders from institutional investors at the market close on Wednesday. The IPO is set to price June 11 and trade the following day. Bloomberg's Ed Ludlow reports.

Dan Ives of Wedbush Securities talks about the upcoming SpaceX IPO and how it could impact tech stocks. He speaks on "Bloomberg Surveillance."

Henry McVey, balance sheet CIO and head of global asset and macro allocation at KKR, discusses his expectations for the upcoming Federal Reserve decision and offers insight into the firm's midyear outlook.

Taiwan Semiconductor Manufacturing Co. reported monthly sales rose 30%, reflecting continued strength in global demand spurred by a rush to build AI infrastructure. Neil Campling reports on Bloomberg Television.

President Donald Trump posted a warning on social media Wednesday that Iran has taken too long to come to terms and will "pay the price." Tyler Kendall reports on Bloomberg Television.

Baidu CFO Henry He is asked about Dario Amodei's past work at the Chinese company and instead reveals how OpenClaw's creator "asked Baidu to work with him" to beef up search skills for the popular AI personal assistant. He spoke to Bloomberg's Joe Weisenthal and Tracy Alloway in a live taping of the Odd Lots podcast at Bloomberg Invest Hong Kong.