Allan Houston on Charity Efforts, NY Knicks Championship
Former New York Knick Allan Houston joins Bloomberg's Romaine Bostick at the Cantor Fitzgerald annual 9/11 Charity Day.
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Former New York Knick Allan Houston joins Bloomberg's Romaine Bostick at the Cantor Fitzgerald annual 9/11 Charity Day.
India is hosting the BRICS leaders' summit in New Delhi over the weekend, bringing together leaders from major emerging economies. Bloomberg's Haslinda Amin is in Mumbai with a preview of what to expect.
Brooks Nader, Mary Holland Nader and Grace Anna Nader join Bloomberg's Romaine Bostick at the Cantor Fitzgerald annual 9/11 Charity Day. They reflect on Sept. 11, giving back with City Harvest and new projects they are working on.
Microsoft Corp. plans to more than triple its data center capacity to help overcome a computing shortage that has forced it to turn away some AI and cloud business. Bloomberg's Anurag Rana joins to discuss.
Lower Manhattan has evolved from a business district that largely emptied out after work into a hub for housing, culture and nightlife, with the population more than doubling since 9/11. The area has added almost 25,000 residential units since 9/11, and its workforce has diversified, with financial services now representing 25% of downtown's occupied space. Blomberg's Amanda L. Gordon joins Bloomberg Intelligence to discuss.
Cantor Fitzgerald Co-CEO Christian Wall joins Bloomberg Open Interest from the firm's New York headquarters to break down a record 2025, a more complicated 2026 and why he thinks AI infrastructure will drive trillions of dollars in new debt issuance.
On September 11th, 2001, Cantor Fitzgerald lost 658 employees in the World Trade Center attacks. Twenty-five years later, the firm has turned its worst day into one of Wall Street's biggest days of giving. In this exclusive look inside Cantor's New York trading floor, Chairman Brandon Lutnick and Executive Vice Chairman Kyle Lutnick explain how employees now waive a day's pay for Charity Day, raising a record $15 million last year through the Cantor Fitzgerald Relief Fund and why they're determined to top it on the 25th anniversary.
White House National Economic Council Director Kevin Hassett says President Donald Trump's suggestion of sending $5,000 checks to every adult US citizen "is a serious proposal" and can be done "in a fiscally responsible way."
A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week. The consumer price index, excluding food and energy, climbed 0.3% in August from a month earlier, according to Bureau of Labor Statistics data out Friday. The median estimate in a Bloomberg survey called for a 0.2% increase. On an annual basis, it advanced 2.4%. Futures showed investors priced in a rate hike next week as a near certainty following the release, and put a high likelihood on a second increase before the end of the year. We got reaction from Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods. She speaks with Bloomberg's Paul Sweeney and Lisa Mateo.
National Economic Council Director Kevin Hassett says inflation is "clearly decelerating" over the last three months as he discusses the US August CPI report. Hassett also talks about respecting Federal Reserve independence on interest-rate decisions and the potential path to President Donald Trump's suggestion of a $5,000 payment if Republicans keep control of the House and Senate in the midterm elections. Hassett also reflects on his personal experiences on September 11, 2001.
On this episode of Stock Movers: - Kroger (KR) is moving as it trimmed its annual sales guidance due to fierce competition for grocery spending. - Oracle (ORCL) shares are higher as the software company's results featured better-than-expected cloud revenue amid strong AI demand. - Restoration Hardware (RH) shares are on the move after the home furnishing retailer's quarterly earnings beat amid a weaker housing market and consumer spending environment.
Conservative Party of Canada Leader Pierre Poilievre discusses the state of trade and tariffs with the United States. He says Canada's oil and mineral resources can help alleviate US inflation pressures, but the Trump administration needs to back off its tariff policies against its northern neighbor. He speaks on "Bloomberg Surveillance."
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