'Extraordinary' Level of Uncertainty in Markets, BlackRock's Rieder Says
Rick Rieder, BlackRock's global fixed income CIO, says geopolitical risks have caused a "period of stasis" in markets during an interview on "Bloomberg The Close."
Rick Rieder, BlackRock's global fixed income CIO, says geopolitical risks have caused a "period of stasis" in markets during an interview on "Bloomberg The Close."
Stocks fell and oil rose on concern the war in the Middle East is intensifying ahead of President Donald Trump's deadline for Iran to agree to a ceasefire deal. Fears that an escalation of the conflict could heighten an energy squeeze and endanger the global economy curbed risk appetite, with the S&P 500 halting a four-day advance. Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO joins to discuss what investors should do in this environment.
Texas' entrepreneurial culture continues to nurture startups and corporate expansion alike, says Edward Crawford, co-founder and co-CEO of Coltala Holdings and an advisory board member for NYSE Texas. Business in the state, he says, moves at ``speed of trust,'' holding down costs because commerce is fast and fluid. He speaks with Bloomberg's Julie Fine in Dallas.
Venture firm Eclipse has raised $1.3 billion across two funds to back companies building the next era of physical industries like those in robotics, manufacturing, and energy. Lior Susan, the founder and CEO of Eclipse, speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."
Intel is joining Elon Musk's Terafab project, a massive effort to develop in-house semiconductors for Tesla, SpaceX and xAI. The project aims to consolidate the entire chip-making lifecycle under one roof to power the next generation of AI and robotics. Discussing the move on "Bloomberg Tech," Gil Luria, head of tech research at D.A. Davidson, says "Intel has positioned itself to have the volumes necessary to bring the customers to the table, to have the volumes necessary to be profitable."
- President Donald Trump threatened Iran with civilizational destruction as the US attacked military targets on the country's key oil export hub, ramping up pressure on Tehran to reopen the Strait of Hormuz by his Tuesday deadline or face massive strikes on critical infrastructure. Iran halted participation in ceasefire talks in response to Trump's social media post, according to a person familiar with the matter who asked not to be identified discussing private deliberations. Those discussions have been conducted through third-party channels. Mediators were scrambling to resuscitate negotiations ahead of the deadline, the person said. Jen Gavito, Senior Advisor with the Cohen Group/Former-Acting Principal Deputy Assistant Secretary of State for Near Eastern Affairs under President Biden joins Balance of Power to discuss.
"The job market is basically stable but not great," Federal Reserve Bank of Chicago President Austan Goolsbee says during remarks at the Detroit Economic Club. Goolsbee also says the rise in oil prices may drive prices up in a stagflationary way.
Private credit is under pressure, but is it a crisis or an opportunity? Centerbridge Partners Co-Founder and Managing Principal Jeff Aronson joins Bloomberg Open Interest to break down why rapid growth has weakened underwriting, why risks aren't systemic, and why experienced investors may see this moment as the perfect time to lean in as others pull back.
Persistence separates great leaders from everyone else according to Matt McKnight, CEO of Perimeter. He joined Bloomberg Open Interest to talk about why the most impactful leaders choose problems that seem unsolvable and stay with them anyway. He says you will hear no, that will not work or we have tried that before, but if you understand your domain, think from first principles, and bring others along, you can change entire industries.
Miller Tabak Chief Market Strategist Matt Maley is warning that private credit risks are being underestimated. It's not about size it's about what happens when liquidity dries up in an already expensive market. He says even a modest credit event could shake confidence fast, and concerns are growing that bad underwriting may be underneath it all.
Intel is joining Elon Musk's Terafab project, a chip manufacturing effort for Tesla, SpaceX and xAI. Intel will help Musk's companies "refactor" the technology in a chip factory, according to a post on X. Ed Ludlow reports on "Bloomberg Open Interest."
Broadcom is developing chips using Google's tensor processing units, or TPUs, offering an alternative to technology from Nvidia. Mandeep Singh has more on "Bloomberg Open Interest."