Australia's housing downturn is accelerating, with higher interest rates and weaker investor demand driving the biggest home price declines since late 2022. REA Group Senior Economist Anne Flaherty says further falls are likely through year-end, especially in higher-priced suburbs. She discussed the outlook for Australia's housing market on "Bloomberg: The Asia Trade".
Shusuke Yamada, Chief Japan FX and Rates Strategist at BofA Global Research, discusses whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as the key test for the rally's staying power. He speaks with Shery Ahn on Bloomberg: The Asia Trade.
Bloomberg Opinion Columnist Aaron Brown discusses his latest piece on the collapse of AI Hedge Fund Situational Awareness. He argues "The easy story is another tech wunderkind flying too close to the sun. The more useful one is that the 439% return was a warning, not a triumph."
A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors, and Mayor Zohran Mamdani's rent freeze is threatening to make it worse. Ran Eliasaf, Founder & Managing Partner of Northwind Group, discusses the needs in the NYC housing market and the possible impact of the city's recent moves to make it more affordable and levy new taxes.
Chris Maurice, CEO of Yellow Card, explained how his company differentiates itself from competitors like Stripe and Wise by building the underlying infrastructure that enables international money movement using stablecoins such as USDC. Yellow Card provides direct liquidity and on/off ramps against local currencies across regions including Africa, Latin America, and Asia, allowing stablecoins to be sent and converted locally without the need to convert back to dollars first. He speaks with Romaine Bostick on "The Close."
Moffettnathanson Research Analyst Julie Zhu says SpaceX almost has an "identity crisis." Elon Musk's company is set to report its first-ever quarterly earnings results on Tuesday after going public this summer. Zhu talks about what the team is looking for on "Bloomberg The Close."
During the countdown to the market close, Romaine Bostick highlighted the recent surge in private debt defaults, noting that Fitch Ratings reported a record 6% default rate among 1,300 US private debt borrowers in the second quarter. Randy Schwimmer, Vice Chairman and Chief Investment Strategist at Churchill Asset Management, acknowledged the challenging environment reflected in the rising defaults but expressed optimism about improving conditions in the second half of the year. He speaks with Romaine Bostick on "The Close."
The Trump administration is advancing a plan to allocate $200 billion annually toward medical research, emphasizing support for individual scientists and private research facilities rather than traditional university-based research. John Flavin, CEO of Portal Innovations, a Chicago-based firm that funds early-stage life sciences companies, discussed the implications of this shift. He speaks with Romaine Bostick on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec.
Hugging Face CEO Clément Delangue says a hack by OpenAI could have been "way worse" if not for the company's defensive measures. He calls this a "wake up call" for the industry and says the incident has been reported to lawmakers and authorities. He speaks to Bloomberg's Ed Ludlow on "Balance of Power."
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