To a remarkable degree, candidates in this year's midterm elections are framing their contests around what they oppose rather than what they support, Bloomberg Television's Tyler Kendall reports. That only amplifies the sense of dissatisfaction among voters across both parties.
Shipping estimates for Apple Inc.'s first folding phone slipped into January within minutes of the company taking preorders on Friday, suggesting that strong demand and short supply will make the $1,999 device challenging to purchase on its Oct. 23 release date or in the near future. Bloomberg's Anurag Rana joins Bloomberg Intelligence to discuss.
Three CoreWeave Inc. co-founders have sold $3.3 billion in company shares since last year's initial public offering, taking money off the table as rising credit risks and investor wariness around AI spending spark volatility in the stock. Dan Ives, Partner at Yorkville & Ives, discusses volatility relative to the AI trade and the outlook for stocks like Coreweave and Apple in particular.
On this episode of Stock Movers: - CoreWeave (CRWV) shares are moving as it remains at the center of the tech selloff this week. Shares in CoreWeave plunged 20% in the first three sessions of the week as its debt tumbled to levels that typically indicate distress. By Thursday morning, investors were pricing a more than 60% chance of a default within five years. - Apollo Global Management (APO) shares are responding to a price target downgrade from Morgan Stanley. - JB Hunt (JBHT) is lower as it aims to improve margins by raising prices after rising costs weighed on third-quarter profitability.
CoreWeave's stock dropped 20% during the first three trading sessions of this week, then Nvidia CEO Jensen Huang stepped in to say he had confidence in the company. But will that be enough to prop up the stock? Mandeep Singh of Bloomberg Intelligence has more.
Fixed-income ETFs are drawing investor interest as rising yields offer a chance to lock in around 5%. Paisley Nardini, the Head of Investment Strategy at Tema ETFs joins Bloomberg Open Interest to explain why some asset allocators are shifting gains from equities and how concerns about AI earnings growth and debt-funded spending are shaping the market outlook.
Stuart Kaiser, Citi's head of equity trading strategy, says stocks have endured a painful week beneath the surface, even as the S&P 500 has held near record levels. Kaiser also says valuations are demanding, with clients viewing earnings expectations for 2027 and 2028 as largely priced in, making it easier for risks to outweigh potential upside further out. He speaks on "Bloomberg Surveillance."
New York City Comptroller Mark Levine is calling on Anthropic PBC to delay its possible initial public offering due to artificial safety concerns. He says the company needs to address safety work and mitigate risks now, before it faces shareholder pressure to perform. He speaks on "Bloomberg Surveillance."
Elon Musk reveals a new prototype of Tesla's Roadster sports car at a SpaceX facility in Texas. The car includes air thrusters which can launch the vehicle into the sky. Musk showed off this capability at the event. The car won't go into production until 2028. Musk says this shows what can happen when his companies work together. Bloomberg's Craig Trudell reports.
Rick Wurster, president and CEO at The Charles Schwab Corporation, discusses customer trends in investing, efforts to attract younger investors, and why the firm is blocking unauthorized AI agents. He speaks on Bloomberg Television. (Corrects spelling of "Charley" in video headline)
Rick Wurster, president and CEO at The Charles Schwab Corporation, discusses customer trends in investing, efforts to attract younger investors, and why the firm is blocking unauthorized AI agents. He speaks on Bloomberg Television.
Tesla shares rose in premarket trading Friday morning after Elon Musk unveiled its long-delayed Roadster sports car that includes air thrusters. The car actually launched into the sky during an event at a SpaceX rocket facility in Texas. Musk has been signaling he may try to combine the companies. Matthew Bloxham of Bloomberg Intelligence has more.
