Citadel founder and CEO Ken Griffin says AI's rapid development brings a mix of concern and opportunity. He argues that workers in roles especially exposed to AI will need substantial reskilling. He speaks with Bloomberg's Dani Burger at Citadel's annual Future of Global Markets Conference in New York.
Simon Gallagher, Hanaging Director of SPG Global and a Former Netflix Content-Acquisition Director, says hiring Peter Rice signals a more commercial programming strategy. While niche titles can succeed, Gallagher argues Netflix should lean more toward broadly appealing films and shows to support growth. He speaks with Romaine Bostick on "The Close."
Bryan McDonnell, Head of Real Estate Credit Strategies at PGIM, says investors should adjust business models to a higher-rate environment rather than count on rates falling. He describes the market's recent uncertainty as a gap between rate expectations and reality, with Treasury yields rising above 5% after expectations briefly converged around 4%. He speaks with Romaine Bostick & Jess Menton on "The Close."
Mandy Xu, Vice President and Head of Derivatives Market Intelligence at Cboe Global Markets, says options-market sentiment shifted notably over the past week. After positioning had been broadly bullish at both the index and single-stock levels, investors increased hedging demand, particularly for index protection. She speaks with Romaine Bostick & Jess Menton on "The Close."
SpaceX is blowing past all Wall Street expectations in its second earnings report as a public company. Elon Musk's company posted its first quarterly profit $4.4 billion, or 35 cents a share, more than double estimates while spending nearly $20 billion on capex. Ross Gerber of Gerber Kawasaki Wealth and Investment Management, is a shareholder. He says SpaceX should just buy Tesla now.
Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth. Geetha Ranganathan has more on "Bloomberg The Close."
Anthropic PBC could spend $750 billion on additional computing power in the coming years and it lost $80.7 billion in the first half of this year, according to the Wall Street Journal. The media outlet says it obtained a copy of the company's S1 filing as it prepares to go public. Romaine Bostick and Jess Menton report.
Clayton Swope, deputy director of the CSIS Aerospace Security Project, said that we shouldn't look at movement in Space as separate from what countries do on on earth, after a Russian satellite approached an American satellite used by Ukraine. Swope said that the move should be evaluated as an 'example of Russia doing hybrid warfare zone activities that threaten US interests and European interests' and is all part of the same geopolitical problem as the Russia Ukraine war.
Ukraine President Volodymyr Zelenskyy says he spoke about intelligence sharing with US envoy Steve Witkoff during talks in Norway. Zelenskyy also said he hopes Ukraine's connection to the Starlink Satellite network will be restored "maybe in 48 hours."
Mara Rudman, senior fellow at the University of Virginia's Miller Center and former US State Department official, said that one of the challenges facing the United States is that President Trump sees himself as 'part of the club' of leaders including Putin and Xi. Rudman said that countries like Iran, China and Russia are looking to 'maximize the opportunities' they have to create instability during the US midterm elections and the presidential election in Israel.
Bloomberg's Katherine Schwartz joins joins Scarlet Fu and James Seyffart on "Bloomberg Crypto." Western Union and MoneyGram are adopting crypto technology to defend their businesses and deepen customer ties. Their money transfer time has gone from three days to as short as four minutes.
Bloomberg's Anna Irrera joins joins Scarlet Fu and James Seyffart on "Bloomberg Crypto." JPMorgan Chase is launching its deposit token on Ether, extending the lender's push into blockchain payments. JPM Coin which represents US dollar deposits at the largest US bank will be made available to the company's institutional clients on the Ethereum network.
