Steve Odland, CEO of The Conference Board, discussed the recent consumer confidence data showing a significant divergence between current sentiment and future expectations. The present situation index increased by 6.8 points, reflecting consumers' relatively positive feelings due to full employment and rising wages. He speaks with Romaine Bostick & Emily Graffeo on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Norah Mulinda and Tim Stenovec.
Northrop Grumman CEO Kathy Warden talks about working on the Golden Dome space defense system. She says the defense contractor will wind up with a "decent share" of the project. She speaks to Kailey Leinz at a Bloomberg Newsmakers event in Washington.
Abby Joseph Cohen, Columbia Business School professor and former partner at Goldman Sachs, says recent consumer spending patterns are signaling issues with the US economy. Speaking on "Bloomberg The Close," she also warns AI investing may not be sustainable and previews the Jackson Hole Federal Reserve meeting.
Bloomberg's Isabelle Lee joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Bitcoin briefly climbed above $80,000 for the first time since mid-May, as optimism returns to the beaten-down crypto market amid a confluence of bullish signals that forced the liquidation of billions in leveraged bets.
Bloomberg Opinion's Jonathan Levin joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto."
Ryan Rasmussen, Director, Head of Research at Bitwise Asset Management, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Bitwise Asset Management is set to offer investors access to automated portfolios of tokenized stocks, the latest step in the financial industry's rush to manage traditional assets on the blockchain.
Kevin Brady, former Republican Congressman from Texas, said that the US is failing to restrain spending, even as the US brings in record revenues. Brady said that congress will have to act to reduce spending, including looking at programs like Social Security and Medicaid that are moving towards insolvency issues.
Patrick McHenry, Bloomberg Politics Contributor and former chair of the House Financial Services Committee, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss the odds of the Clarity Act being passed Congress this year.
Bloomberg Intelligence's Dushyant Shahrawat joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." President Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country, offering one of the clearest signals yet that the White House wants to pull a major piece of the industry's offshore market infrastructure onshore.
Krista Lynch, head of trading and capital markets at Grayscale, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Zcash surged over the past week as Grayscale successfully launched a new ETF that tracks spot exposure to the digital token.
Ayesha Kiani, COO of Monarq Asset Management, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss the recent rise in the crypto market and Kiani's belief that the market will be "choppy" in the near future.
