Australia Financial

As U.S. mortgage rates rise above 7% for the first time in a couple of years, Elizabeth Bell, Co-Head of Real Estate at Hamilton Lane, discusses whether the broader real estate market has been written off amid a slow post-pandemic recovery, changing consumer spending and higher rates. Bell says the market faces risks from elevated interest rates and geopolitics, which weigh on investment and yields, but still offers opportunities. She speaks with Romaine Bostick on "The Close."

Joel Schneider, Dimensional's Deputy Head of Portfolio Management for North America, says well-founded IPOs can attract strong interest regardless of broader market conditions, but investors should look beyond the initial pop: IPOs have historically tended to underperform the market afterward, making fundamentals and entry timing important. He notes that index providers add new listings on different schedules, so index-fund investors effectively delegate that decision to an index committee. He speaks with Romaine Bostick on "The Close."

Nassim Taleb, author of "The Black Swan" and distinguished scientist at Universa Investments, calls the stock market a "trap" and sees a class of "naive" investors who will invest in firms linked to AI during an interview with Bloomberg's Natalia Kniazhevich at the Greenwich Economic Forum.

Deal value fell 10% year over year in the third quarter after a strong first half, when global M&A was up nearly 50% and included 47 deals worth at least $10 billion. Ted Smith, President and Co-Founder of Union Square Advisors, attributed the pullback partly to typical summer seasonality and expects a busy fourth quarter; he said the $5 trillion record set in 2021 remains within reach. He speaks with Romaine Bostick on "The Close."

Nassim Taleb, author of "The Black Swan" and distinguished scientist at Universa Investments, says gold is becoming more of a reserve currency, because the US dollar is not as reliable as it once was. He speaks at the Greenwich Economic Forum. (Courtesy Greenwich Economic Forum)

Zscaler shares rose about 4% as the company reaffirmed its first-quarter and full-year guidance at investor day. CEO Jay Chaudhry said businesses see AI as a way to boost revenue and efficiency, but worry that AI agents could create cybersecurity risks, driving stronger demand for zero-trust security. He speaks with Romaine Bostick & Sally Bakewell on "The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Carol Massar and Jess Menton.

Jay Jacobs, US head of equity ETFs BlackRock, joins Scarlet Fu and Dushyant Shahrawat on "Bloomberg Crypto." They discuss the attractiveness of the iShares Bitcoin Trust ETF (ticker: IBIT) to investor portfolios.

Jay Jacobs, US head of equity ETFs BlackRock, joins Scarlet Fu and Dushyant Shahrawat on "Bloomberg Crypto." They discuss the attractiveness of the iShares Bitcoin Trust ETF (ticker: IBIT) to investor portfolios.

Isabel Guzman, chair of the Risk Advisory Council for Global Situation Room, said that misuse of AI poses reputational risks to companies as AI poses accelerated hazards around fraud and misconduct for consumers. Guzman said that while customers enjoy online advances in the financial services sector, they still want to be able to pivot to a live human to help with banking.

On "Bloomberg Crypto" Scarlet Fu and Dushyant Shahrawat discuss the new Bloomberg function RWAS <GO> that tracks the circulation and supply of stablecoin.

Jay Jacobs, US head of equity ETFs BlackRock, joins Scarlet Fu and Dushyant Shahrawat on "Bloomberg Crypto." They discuss the attractiveness of the iShares Bitcoin Trust ETF (ticker: IBIT) to investor portfolios.