The CEO of L'Oréal, the world's largest cosmetics company, says the performance in the Middle East was below expectations but somewhat compensated by a rebound of growth in China. Nicolas Hieronimus spoke exclusively with Bloomberg's Francine Lacqua from Paris.
US consumer confidence fell in July as Americans' views about current business conditions and the labor market deteriorated. Elevated gasoline and food prices likely weighed on US households, underscoring broader concerns about persistent inflation and the rising cost of living. Julia Wilson, Principal: Consumer & Retail Strategy at KPMG, talks about the squeezed consumer and the back-to-school ramp-up affecting economic data.
The 100-plus forecasters in the Bloomberg survey for Wednesday's Federal Reserve interest-rate decision are almost entirely united: policymakers will stand pat. But that near-unanimity masks what for many if not most is one of the most difficult calls in years. Gennadiy Goldberg, Head of US Rates Strategy at TD Securities, discusses his outlook for today's Fed decision as well as rate hikes through 2027.
On this episode of Stock Movers: - Humana (HUM) is sinking after the insurer maintained its yearly profit guidance despite a strong second quarter. - P&G (PG) shares are moving after it gave a conservative outlook for its current fiscal year and results in the latest quarter fell short of estimates. - Kering (PPRUY) shares jumped after the luxury goods maker reported better-than-expected revenue at Gucci in the second quarter.
Goldman Sachs Chief US Economist David Mericle joins Bloomberg Open Interest to explain why the Fed is still likely to leave interest rates unchanged despite geopolitical tensions and rising oil prices. He breaks down the inflation outlook, why a surprise hike is unlikely, and why today's resilient consumer could weaken later this year.
Battery Ventures General Partner Dharmesh Thakker joins Bloomberg Open Interest to make the case for investing beyond AI hype. He explains why enterprise software companies that deliver measurable business value will outperform. He also argues that open-source AI models could slash enterprise costs, accelerate adoption, and reshape the competitive landscape for OpenAI, Anthropic, and the broader AI ecosystem.
CAVU Consumer Partners Co-Founders Brett Thomas and Rohan Oza look to Millennials and Gen Z's drive for a healthier lifestyle as the foundation of their venture and brand building with companies such as Whoop, Skinny Dipped and The Farmer's Dog. They speak to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.'
Gil Luria of DA Davidson says Microsoft will be the key company to watch during this earnings season and it all has to do with spending on artificial intelligence and capex. Microsoft and Meta Platforms both report after the bell on Wednesday. Luria speaks on "Bloomberg Surveillance."
Jason Thomas, head of global research and investment strategy at Carlyle, discusses whether AI investment is crowding out other opportunities as capital flows into AI infrastructure. He examines market concentration, portfolio allocation and the outlook for corporate spending, asking whether AI is "going to consume almost the entirety, or certainly a large portion, of their incremental risk budget over the next three to five years?" This interview aired July 28.
Anthony Fauci invoked his Fifth Amendment rights and declined to testify Wednesday in a Senate committee hearing on his role in the US response to Covid-19. Fauci slammed the proceeding as having been designed to push him into making incriminating statements.
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