US Travel Association President Geoff Freeman said that the travel industry wants the government to work out 'self-inflicted' issues facing the travel industry as travelers face new visa policies and the prospect of more government shutdowns. Freeman also said that as travelers turn to AI, some of the industry remains 'inefficient' since most jobs travels companies can't 'turn over to AI.'
Bloomberg's Olivia Fishlow joins Michael McKee on "Bloomberg Real Yield." Cliffwater's flagship private credit fund again capped redemptions at 5% in the third quarter, after investors sought to pull about 16% of shares. The biggest such BDC, the $77 billion Blackstone Private Credit Fund, disclosed Thursday that it would again cap redemptions at 5%, after its investors sought to redeem 10% of shares.
Former Deputy Director of National Intelligence and Retired Lieutenant General Karen Gibson said that if the president declares war with Iran over it will signal he has abandoned the aims of the war, including putting curbs on the Iranian nuclear program. Gibson said that even if President Trump declares war over, it will likely not move Iran's blockade on the Strait of Hormuz unless the US is prepared to give up its economic campaign as well.
Bloomberg's Erik Wasson joins Michael McKee on "Bloomberg Real Yield." US bond yields are spiking in part because of concerns over the total US public debt blowing past $40 trillion. Not only are congressional lawmakers shrugging that off, some are indicating that more deficit spending is yet to come.
Snowflake posted a third straight quarter of accelerating product revenue growth and raised its full-year outlook, with CEO Sridhar Ramaswamy saying AI accounted for about half of the company's outperformance. He discusses the rapid adoption of Snowflake's AI coding agent Coco, growing customer usage, and how the company is competing with Databricks in the race to turn enterprise data into AI-driven growth. He joins Ed Ludlow on "Bloomberg Tech."
Self-driving startup Wayve is launching robotaxi rides with Uber in London, initially with safety drivers behind the wheel. CEO Alex Kendall discusses the path to fully driverless service, plans to expand with Uber to more global cities, and how Wayve's end-to-end AI technology is designed to drive without relying on high-definition maps. He joins Ed Ludlow on "Bloomberg Tech."
Katherine Bordlemay, co-head of client portfolio management at Goldman Sachs Asset Management, expects to see a ``ping-pong of volatility'' continue in US stocks even as major indexes grind higher. She says stronger earnings have cushioned equities from rising US Treasury yields. She speaks with Dani Burger and Isabelle Lee on Bloomberg's ``Open Interest.''
Snowflake shares jumped by the most in three months after the company raised its outlook for annual sales and touted rapid adoption of its AI-assisted coding tool. Bloomberg Intelligence Senior Tech Analyst Matt Bloxham discusses the outlook from Snowflake as well as Broadcom's AI chip forecast and Nvidia's move to buy Hugging Face.
BWH Hotels CEO Larry Cuculic says Americans are still traveling, but booking windows are shrinking and some consumers are moving to lower-priced hotels. He also explains how the company is helping franchisees manage rising insurance costs and the bottom line impact of the World Cup on host cities.
HPE President and CEO Antonio Neri discusses the benefits of HPE's networking deal with Oracle and the company's earnings outlook. Speaking with Ed Ludlow on "Bloomberg Tech," Neri says he is seeing "huge growth" in enterprise AI adoption.
Stocks rose and bond yields fell as Federal Reserve Governor Christopher Waller said he'd be willing to support holding rates steady if price pressures continue to show signs of easing. Keith Lerner, CIO at Truist, discusses current market moves, Fed expectations, and outlook for where the S&P 500 may end the year.
A recent plunge in US labor force participation has sparked competing theories about whether persistent drivers like aging and immigration or more temporary seasonal shifts are to blame. Any evidence in upcoming jobs reports could reshape how policymakers view the labor market. Michael Darda, Chief Economist at Roth Capital Partners, discusses nominal GDP and outlook for the US economy ahead of Friday's jobs report.
