Bloomberg News and Videos — Page 760

BMO Chief AI and Quantum Officer Kristin Milchanowski discusses how cutting edge AI and quantum tech will impact business, and the banking sector, for the foreseeable future. She talks with Katie Greifeld and Romaine Bostick on "The Close."

A small Italian soccer club is rewriting the business of sports turning Lake Como into a luxury global brand. Como 1907 President Mirwan Suwarso joined Bloomberg Open Interest to talk about how he's building a multi-club retail empire, targeting US fans, and scaling through partnerships.

President Donald Trump says the federal government was still looking at a rescue plan for Spirit Airlines and would offer a final proposal soon during remarks with reporters at the White House.

President Donald Trump discusses Iran's latest proposal to end the war and says negotiators have "made strides, but I'm not sure if they ever get there." Trump spoke with reporters Friday at the White House.

Barclays Global Chairman of Research Ajay Rajadhyaksha joins "Bloomberg Surveillance" with his outlook for markets as they trade at all time highs. He said his team was overweight risk assets last week on the belief that momentum would carry markets further but they have since turned neutral.

The boat giant Brunswick beat earnings, the CEO Dave Foulkes says high gas prices aren't slowing demand, yet. He says fuel cost worries are overblown while premium boat buyers keep spending strong. He joined Bloomberg Open Interest to discuss booming Florida sales and global logistics challenges.

US President Donald Trump has vowed to maintain a naval blockade on Iran, reiterating that the policy is depriving the Islamic Republic of much-needed oil revenue. West Texas Intermediate, the main US crude marker, rallied toward $111 a barrel on Thursday, while Brent, the global benchmark, topped $126. Iran's Supreme Leader Mojtaba Khamenei cast doubt on the prospects of a deal, vowing not to give up the Islamic Republic's nuclear or missile technologies, and signaling Tehran would keep control of the Strait of Hormuz. The American Automobile Association says in California, the average statewide price for regular gasoline rose to $6.01, the highest since October 2023. Skyrocketing pump prices are a major political risk for President Donald Trump's White House, especially ahead of the midterm elections. Bloomberg's Charlie Wells explains on "The Pulse with Francine Lacqua."

Seema Shah, chief global strategist at Principal Asset Management, says earnings suggest there isn't as much exposure to the conflict with Iran as expected and sees US markets being able to keep the impacts "quite contained."

Bruce Richards, Marathon Asset Management CEO, co-founder and chairman, says the US economy is "in good shape." Speaking on Bloomberg Television, he adds that consumer consumption looks "rock solid." Richards also discusses the impact prolonged elevated oil prices could have on the economic situation and growth.

Cheng Li-wun confirms Beijing's positive response to her planned US visit and calls Trump "unpredictable," emphasizing peace and free trade as paramount for Taiwan. She clarifies KMT's defense spending stance, rejecting "blank checks" for the DPP while supporting US arms purchases, also comments on Japan PM Takaichi's "provocative" remarks on Taiwan.