Lisa Sturtevant, Chief Economist at Bright MLS, discusses the current real estate market and how affordability pains are causing 'shadow homebuyers' to wait until rates drop in order to buy.
On this episode of Stock Movers: - PG&E (PGE) are extending their downward move as California legislators introduced a bill that would update the state's wildfire response without shifting liability away from publicly traded utilities. At least three research firms, including BMO Capital Markets and Wells Fargo, downgraded the stock. - Chevron (CVX) and ExxonMobil (XOM) shares are rising along with the price of oil. Washington and Tehran exchanged strikes for the first time in about a month, with US Central Command targeting rocket launchers preparing to send mines into the Strait of Hormuz. In response, the Islamic Revolutionary Guard Corps said that it had attacked US air bases in Jordan. - Nvidia (NVDA) shares are rising after the leader in AI chips dropped 4.6% Friday. It's the only stock rising in the Mag 7 on Monday.
Nvidia CEO Jensen Huang says their chips accelerate the entire lifecycle of artificial intelligence. He speaks exclusively with Bloomberg's Ed Ludlow and says Nvidia can address markets that no one else can.
Nvidia Corp. Chief Executive Officer Jensen Huang and Rick Tsai, MediaTek Inc. CEO, talk about expanding their partnership. Nvidia is investing $3.5 billion in the Taiwanese chipmaker. They speak exclusively to Bloomberg's Ed Ludlow.
"This diesel price is a colossal problem," says Paul Sankey, president at Sankey Research, as he examines US plans to control more than 65 billion barrels of Venezuelan oil. Sankey says the industry is short of refining and that's "the big issue" for the global market.
George Goncalves of MUFG discusses Fed Chair Kevin Warsh's hawkish Jackson Hole remarks, the outlook for inflation and interest rates, and what upcoming jobs and CPI data could mean for a potential Fed hike. He also examines Treasury yields, market expectations and the longer-term impact of AI on productivity and inflation. He joins Bloomberg's Vonnie Quinn on "Bloomberg Brief."
George Goncalves of MUFG discusses Fed Chair Kevin Warsh's hawkish Jackson Hole remarks, the outlook for inflation and interest rates, and what upcoming jobs and CPI data could mean for a potential Fed hike. He also examines Treasury yields, market expectations and the longer-term impact of AI on productivity and inflation. He joins Bloomberg's Vonnie Quinn on "Bloomberg Brief."
Nvidia says it's investing $3.5 billion in Taiwanese chipmaker MediaTek. Nvidia will buy bonds that convert into MediaTek shares. Bloomberg's Ed Ludlow reports.
The US and Iran exchanged attacks for the first time in about a month with American forces striking an island in the Strait of Hormuz and the Islamic Republic launching attacks on the United Arab Emirates and Jordan. Tyler Kendall reports on Bloomberg Television.
Wolf von Rotberg, equity strategist at J Safra Sarasin, joins Bloomberg's Lizzy Burden on "Bloomberg Daybreak Europe" to discuss his thoughts on US Federal Reserve Chair Kevin Warsh's speech Friday at Jackson Hole and shares the speech did not change the firm's outlook for US equities because it was already positioned for September & December rate hikes.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
In Germany, the local election of Saxony-Anhalt on September 6 could be a major test for the far-right party Alternative for Deutschland. The party has already set records in national and state polls, but to date has failed to join any big coalition and enter into a meaningful governance role in Germany. Could that change on September 6? Oliver Crook explains.
