Anders Persson, fixed income CIO at Nuveen, sees "sort of a toxic mix here that's pushing yields higher and higher" and says his firm is moving more neutral at this point and is "not quite comfortable going long duration yet." He speaks on "Bloomberg Surveillance."
"Britain has been on the wrong path for a long time," Prime Minister Andy Burnham says, speaking at the Labour Party's annual party conference in Liverpool. "I am ready to do things my predecessors wouldn't," he adds. Burnham is seeking to flesh out his longer-term vision for tackling some of the biggest challenges facing the UK.
Dan Ives, partner and senior managing director at Yorkville Ives & Co., talks about why President Donald Trump is gathering tech leaders like Mark Zuckerberg and Nvidia's Jensen Huang at the White House. He also talks about the expected IPO of Anthropic and the debate over how to regulate artificial intelligence. He says too much regulation could give China an advantage. He speaks on "Bloomberg Surveillance."
Dan Ives, partner and senior managing director at Yorkville Ives & Co., examines Anthropic PBC as the company prepares to file its initial public offering and looks at the growing list of concerns surrounding AI.
Colin Purdie, Manulife CIO of Public Markets, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss opportunities in the global bond market amid rising yields.
Edward Yardeni, president at Yardeni Research, says the rise in yields "might be the revenge of the bond vigilantes" and explains why he finds good and bad news in the rapid repricing of the bond market. He speaks on "Bloomberg Surveillance."
A US import ban on a select number of Canadian products is in effect, marking the latest salvo in the rising trade conflict between the two countries. Brendan Murray has the details on Bloomberg Television.
Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with the US before midterm elections in November, according to people familiar with the matter. The two nations made little progress during talks in New York on the sidelines of the United Nations General Assembly last week, the people said. Bloomberg's Paul Wallace breaks down the situation.
US President Donald Trump will hold a luncheon Tuesday with the Chief Executive Officers of Nvidia Corp., Anthropic PBC, and Palantir Technologies to discuss artificial intelligence risks. OpenAI President Greg Brockman is also expected to join the event, which Trump is holding with House Speaker Mike Johnson. Neil Campling reports on Bloomberg Television.
The board of Goldman Sachs has discussed a plan for Chief Operating Officer John Waldron to succeed David Solomon as CEO as early as next year, according to the Wall Street Journal. With the latest plan, Waldron could take over toward the end of 2027 or in 2028, the Journal said. Bloomberg Opinion's Paul Davies breaks down the situation and its significance.
UK Artificial Intelligence Minister Kanishka Narayan discusses government policy around the adoption of AI and safety concerns about the technology. Britain needs a "sovereign level of compute," Narayan tells Bloomberg's Caroline Hepker on the sidelines of the governing Labour Party's annual conference in Liverpool. "The way we have to build data centers in this country has to be with a sense of control and a sense of British values," he adds.
Julius Baer has applied for permission to restart share buybacks after Swiss regulator Finma concluded its enforcement procedure against the wealth manager, removing a long-standing overhang that has weighed on the stock. Juilius Baer came under scrutiny following steep losses from dealings with Austrian property tycoon Rene Benko. Bloomberg's Tom Metcalf explains.
