Kalshi co-founder and CEO Tarek Mansour discusses the growing role of prediction markets in elections and the regulatory challenges facing the industry. Speaking with Tyler Kendall on "Bloomberg Tech," Mansour also comments on the company's proposed perpetual oil futures contract.
US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale. The University of Michigan's final sentiment index eased to 48 from 48.1 in September, according to the survey released Friday. Even so, that was an improvement from the preliminary reading and topped all estimates in a Bloomberg survey of economists. Joanne Hsu, University of Michigan Surveys of Consumers Director joins to discuss.
Metrics across global bond markets are signaling their biggest risk-off sentiment in more than a year, as a selloff in AI stocks and growing geopolitical tensions caused investors to seek out safe-haven assets. Katy Kaminski, Chief Research Strategist at AlphaSimplex, discusses the equities AI trade test and why fixed income is still under pressure.
Japanese government bond yields fell across the curve on Friday as an AI-driven selloff in equities boosted demand for haven assets, with a rally in US Treasuries spilling over into the Japanese market. Masa Takeda, Portfolio Manager for the Hennessy Japan Fund, discusses overseas opportunities in Japan, AI usage, and how global bond rallies could drive investors to different markets.
On this episode of Stock Movers: - Decker Outdoor (DECK) is tumbling after the footwear company cut its net sales guidance for the full year, which also fell short of the consensus estimate. - Kering (KER) shares are slumping after the French luxury-goods company saw further deceleration of third-quarter revenue growth at its key Gucci unit, slower growth in North America as well as persistent weakness in China. - American Express (AXP) shares are moving on news that the company is planning to cut 5% of its global headcount. Chief Executive Officer Steve Squeri told Bloomberg TV that the move will affect about 3,500 jobs. - Moderna (MRNA) plummeted after data on the companies' widely anticipated melanoma vaccine wasn't enough to prove to investors that a new era of cancer treatments has arrived. While the results clearly showed the vaccine worked, they weren't spectacular enough to generate confidence.
Gabelli Funds President Chris Marangi says markets are in an AI-related bubble, but he believes it remains early in its development. Speaking on "Bloomberg Open Interest," Marangi describes AI as a historic technological transformation driving substantial investment and says earnings growth supports the market.
Global hedge funds logged one of their broadest declines since the Covid pandemic on Thursday following the stock market selloff, according to Goldman Sachs Group Inc.'s prime brokerage desk. Nishant Kumar reports on Bloomberg Television.
Apple has already shown there's a strong appetite for its $2,000-and-up foldable iPhone Duo. The new device went on sale Friday, bringing back the once-familiar sight of people lining up overnight to get their hands on it first. Ed Ludlow reports on "Bloomberg Open Interest."
Jean Boivin, head of BlackRock Investment Institute, discusses the firm turning positive on US Treasuries, how the artificial intelligence buildout is influencing rates, and why long-term US Treasuries are "starting to be attractive." He speaks on "Bloomberg Surveillance."
Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, discusses messaging on interest rates from the Federal Reserve's so-called troika, the influence of the artificial intelligence buildout on rates, and his expectation for the central bank to hold steady in October. His opinions are his own.
Laura Cooper of Nuveen discusses AI jitters, rising oil prices and the outlook for Treasury yields and Fed policy. She also explains why investors are becoming more selective on AI and looking toward broader diversification. Cooper spoke on Bloomberg Brief.
Dan Ives, partner and senior managing director at Yorkville Ives & Co., discusses his outlook for AI legislation after the US midterm election. He speaks on "Bloomberg Surveillance."
