Matt Hornbach, global head of macro strategy at Morgan Stanley, expects the Federal Reserve to deliver a 25 basis-point rate hike on Wednesday. He says, "it's certainly a possibility that the Fed is one and done but that's not what the markets are pricing in at the moment."
Col. Wayne Sanders (Ret.) of Bloomberg Intelligence examines the role being played by Yemen's Houthis against Iran's Gulf state neighbors and the importance of Oman to the US in the Middle East.
China criticized dire warnings about AI's risks after leading US technology executives backed calls to slow the development of advanced models and warned that a Chinese advantage could threaten American national security. spokesman Guo Jiakun said "Fearmongering, confrontation and vicious competition will only disrupt the process of global AI governance and serve the interests of no one,". The comments came after Anthropic CEO Officer Dario Amodei called for companies to moderate the pace at which they improve AI capabilities, warning that safeguards are failing to keep up. Our Tech Europe Anchor Tom Mackenzie Joins Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss
Lori Calvasina, head of US equity strategies at RBC, discusses earnings risks for stocks from the artificial intelligence buildout and what her firm sees on technology capex outside of the top 10 markets cap names in the S&P 500.
Bloomberg Opinion columnist Parmy Olson discusses Anthropic PBC Chief Executive Officer Dario Amodei's proposal that AI labs should slow down their most cutting-edge research. "Pacing or slowing down does also just essentially kick the can down the road," Olson says on Bloomberg Television. "Dario's essay was quite vague in terms of how he thinks that should happen."
The UAE's post-pandemic boom is being tested by a war showing few signs of resolution, as disruption in the Strait of Hormuz drives up import costs and fuel prices. Yet the economy is showing signs of resilience. Bloomberg's Zainab Fattah reports.
Maria Municchi, multi asset fund manager at M&G Investments, discusses the outlook for the artificial intelligence trade after leaders of the biggest firms proposed slowing the technology's development. She tells Bloomberg Television that while "price will continue to behave pretty well," markets are becoming "a little bit more wary" about whether the capex boom will translate into delivered earnings.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV <GO>.
Exploration company Albion Resources (ASX:ALB) has commenced a maiden 7,000-metre drilling programme at its Gidgee Gold Project.
OneSteel Manufacturing will reduce its Whyalla steelworks workforce from 1,700 to 1,200 following the permanent shutdown of an unrepairable blast furnace.
Connected Minerals (ASX:CML) has commenced a 6,000m drilling programme at its Bailundo Carbonatite Project in Angola.
The Federal Reserve faces mounting pressure to hike interest rates this week to tame elevated inflation, putting Chairman Kevin Warsh on a collision course with US President Donald Trump, who has repeatedly pressed the central bank to slash rates. Bloomberg MLIV's Mark Cranfield previews Wednesday's decision, and also what to expect from the Bank of England and Bank of Japan.
