Trump says oil supplies are plentiful as prices drop
US President Donald Trump said oil supplies remain ample as he pointed to falling prices and a stronger economy.
US President Donald Trump said oil supplies remain ample as he pointed to falling prices and a stronger economy.
Initial claims decreased by 4,000 to 226,000 in the week ended June 13, according to Labor Department data as the Philadelphia Fed Index showed solid activity. Mike McKee reports on "Bloomberg Surveillance."
Kay Haigh at Goldman Sachs Asset Management says two-year Treasury yields may become more volatile as Federal Reserve Chairman Kevin Warsh charts a new course for central bank communications. He speaks with Lisa Abramowicz and Annmarie Hordern on "Bloomberg Surveillance."
The Iran war has not had a "severe" impact on the machine tool industry says Stephan Mayer, CEO for Machine Tools at German manufacturing technology firm Trumpf. Instead, the bigger headwind to the industry has been tariffs, according to Mayer. He spoke to "The Pulse with Francine Lacqua" on Bloomberg TV.
Bank of England Governor Andrew Bailey tells broadcasters energy prices remain above pre-war levels and that the the central bank needs to assess "how much damage has been done to the infrastructure for supplying energy" in the Middle East. "I think holding is the right position to be in at the moment." Bailey speaks in an interview following the BOE's decision to keep interest rates at 3.75% in a 7-2 vote.
Ed Yardeni of Yardeni Reseach says Federal Reserve Chairman Kevin Warsh "pretty much" committed to bringing inflation down to 2%. Yardeni talks about what Warsh will do now on "Bloomberg Surveillance."
President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, but some Republicans say the US is giving up too much. Laura Davison reports on how the deal came together and what comes next.
Bitdeer Technologies Group (NASDAQ:BTDR) released its operational update for May 2026, reporting the production of 921 Bitcoin and a self-mining hash rate of 70.2 EH/s.
The Bank of England held interest rates at 3.75% as it said the recent fall in oil prices was "encouraging," even while two policymakers voted for an immediate quarter-point hike over concerns of persistent inflation. Bloomberg's Lizzy Burden reports.
Resonac President and CEO Hidehito Takahashi speaks exclusively on AI demand with Bloomberg TV's Shery Ahn at the Bloomberg Look Ahead 2026 event in Tokyo.
Traders piled into betting on interest-rate hikes as soon as next month after Federal Reserve Chairman Kevin Warsh clear the central bank won't tolerate high inflation. The hawkish message was driven home by the projections of individual Fed members. Bloomberg's Alister Bull reports.
"Europe has to be at the table," Kulbergs said in an interview with Bloomberg TV on Thursday in Brussels. "There should be one person if the peace talks are in place who has the political mandate to do that."