Bloomberg News and Videos — Page 658

Federal Reserve Bank of New York President John Williams says the answer to whether a lift in productivity will ultimately impact interest rates and the central bank's policymaking is, "unsurprisingly, it depends." Williams spoke Thursday at a central banking conference in Iceland.

Miriam Wheeler, Goldman Sachs global head of leverage finance, says investors are focused on hard assets associated with the infrastructure buildout of artificial intelligence and this is a "generational opportunity." Wheeler says power demand for data centers will double over the next few years. She speaks to Dani Burger on Bloomberg Open Interest.

Robin Vince, CEO at BNY, describes himself as an "AI optimist" as he explains how the technology fits into the firm's plans over the next five years.

US consumer spending edged up in April, as inflation-adjusted consumer spending rose 0.1% last month, with annual inflation accelerating to the highest level since 2023 on increased energy prices. Michael McKee breaks down the data on Bloomberg Television.

Dan Ives, global head of tech research and senior equity analyst at Wedbush Securities, examines second-quarter earnings from Snowflake and the pressure he sees on Salesforce to monetize 15% to 20% of their customer base over the next "two, three, four quarters."

Bob Doll, CIO at Crossmark Global Investments, says his firm is trying to be "more reactionary than usual" in the current market environment and is looking to buy stocks with "okay fundamentals."

The US struck Iranian military targets for the second time this week, shooting down four Iranian drones fired at a commercial ship and hitting a launch unit near the Strait of Hormuz, according to a US official. Tyler Kendall reports on Bloomberg Television.

Gregory Peters, co-chief investment officer at PGIM Credit, says he sees "shock, after shock, after shock" in markets. "That leads to higher inflation," Peters says, adding this has an impact on central banks' interest-rate positioning. He speaks on Bloomberg Television.

Salesforce gave a revenue outlook for the current period that fell just short of analysts' estimates. Revenue will be about $11.3 billion in the fiscal second quarter, which ends in July, Salesforce said Wednesday. The leading maker of customer management software is under pressure to show it can thrive in the AI era. Bloomberg's Neil Campling reports.

French artificial intelligence startup Mistral AI is expanding into advanced manufacturing, striking deals with new customers Airbus and BMW as it looks to so-called physical AI to fuel growth. Mistral is also announcing a new data centre in France. The CEO and co-founder Arthur Mensch spoke with Bloomberg's Tom Mackenzie from Paris.