Bloomberg News and Videos — Page 796

Holly O'Neill, president of consumer, retail, and preferred banking at Bank of America, discusses the details of the firm's latest consumer checkpoint.

Iran's Islamic Revolutionary Guard Corps had seized two ships in Hormuz and brought them to shore for inspection Wednesday, according to reports from Iranian state television. Tyler Kendall has more on Bloomberg Television.

UK inflation accelerated in March, as a surge in energy costs triggered by the Iran war started to hit consumers in the pocket. The consumer prices index rose 3.3% from a year earlier, up from 3% the previous month, the Office for National Statistics said Wednesday. Santander Corporate and Investment Banking Economist Victoria Clarke reacts to the data on Bloomberg Television.

Airlines around the world are grounding more planes to cope with the increases in jet-fuel prices. Global capacity for May has been reduced by about 3 percentage points, with all but one of the 20 largest airlines slashing flights, according to data compiled by analytics firm Cirium Ltd. Lufthansa is scrubbing 20,000 uneconomic short-haul flights from its European summer schedule to save on fuel. Earlier in the week, United Airlines slashed its full-year profit forecast due to higher fuel prices caused by war in the Middle East. Bloomberg's Benedikt Kammel breaks down the situation.

Patrick Brenner, CIO of multi-asset at Schroders, discusses earnings and equity markets. "Earnings have continued to deliver strongly," he tells Bloomberg Television. "As long as earnings are strong, we see no reason why equities should slow down," Brenner adds.

Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Deutsche Telekom is considering a full combination with its American arm T-Mobile US, a move that would create a multinational telecom group and rank as the largest-ever public M&A deal, people with knowledge of the matter said. Bloomberg's Manuel Baigorri reports.

Andrew Bishop, Signum Global's Head of Policy Research, describes Iranian attempts to impose a legal transit fee through the Strait of Hormuz as 'bluster', arguing Tehran is using the Strait as leverage to extract additional concessions from the US.

A proposed AI-generated movie based on the popular series "Soul Ferry" is trending on Weibo - and not everyone is happy. Bloomberg China Correspondent Minmin Low and Senior Analyst Robert Lea discuss the production's implications and how AI could reshape companies like iQiyi.

Vivian Lin Thurston, Portfolio Manager at William Blair, says the worst of the Iran war shock may be over as AI-driven earnings help global equities look past the turmoil. She speaks on Bloomberg's The China Show.