Bloomberg News and Videos — Page 798

When Apple announced Monday that longtime leader Tim Cook would be replaced by John Ternus, it published an image of the two executives walking side by side at the company's campus in Cupertino, California. Both men are wearing Apple Watches, dark button-up shirts and blue jeans as they smile at each other a near mirror image. The implication: Ternus, Apple's hardware head, will bring continuity as chief executive officer and help preserve Cook's legacy.  But Ternus will have a challenge when he officially takes the job in September. Even as he maintains Apple's device empire and its more than $400 billion in annual revenue the executive will need to take chances, enter new product categories and find the company's footing in artificial intelligence. Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

US Senator Elizabeth Warren, a Massachusetts Democrat, says Republicans need to "grow a backbone" and stand up to President Donald Trump regarding the war in Iran. Speaking on "Balance of Power: Evening Edition," Senator Warren also discusses Federal Reserve Chair Nominee Kevin Warsh's testimony before the Senate Banking Committee.

Bill Nye, also known as "The Science Guy," and The Planetary Society chief ambassador, calls the proposed budget for NASA a "slap in the face," especially after all that was accomplished with the Artemis II mission to the moon. Nye says 53 space missions could be cut due to drastic budget cuts. He spoke to Bloomberg The Close on Monday.

Thinkorswim Co-Founder Tom Sosnoff discusses launching a new AI wealth platform, LossDog, aimed at capitalizing on the rise of retail trading. He talks with Romaine Bostick and Isabelle Lee on "The Close."

President Donald Trump posted on social media that he would extend the ceasefire with Iran, after plans for diplomatic talks between the two countries were scrapped. Joe Mathieu reports on "Bloomberg The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.

Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York Bill Dudley says Kevin Warsh needs to tune out all the pressure from President Donald Trump. He says Warsh can't vote for an interest rate cut in June unless the war with Iran is over.

Walter Piecyk of Lightshed Partners has been saying for over a year that Apple needs a new CEO, and now they're getting one. Piecyk is on "Bloomberg Surveillance."

Bloomberg's Mike McKee detailed changes to the Federal Reserve that fed chair nominee Kevin Warsh revealed in his confirmation hearing Tuesday, saying that Warsh may want to change or eliminate economic guidance. Warsh told Senators that he is not a fan of the Fed's forward guidance and feels that it sticks to it too closely. Warsh also indicated that he would aim to hem in federal reserve members speaking out ahead of rate decisions.

Former Treasury official Kitty Richards, senior strategic adviser at the Groundwork Collaborative, said the financial disclosures of Kevin Warsh, the nominee to be chair of the Federal Reserve, leave some important questions unanswered because some of his holdings remain under wraps. Richards also spoke about questions around Fed independence, saying that Warsh's stances indicate he is more interested in the 'way the political winds are blowing' than the data.