Mike Wilson, Morgan Stanley chief US equity strategist and CIO, talks about using gold as a defensive asset to protect your portfolio. He says gold has been in a bull market for 25 years. He speaks on "Bloomberg Money."
Luigi Mangione pleaded guilty to federal stalking charges related to the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson. He faces a maximum sentence of life in prison. This happened in New York federal court Friday morning. Mangione also faces charges in New York state court. June Grasso of Bloomberg Law is following the breaking news on Bloomberg Radio and has more.
Garrett Langley, Flock Safety CEO and founder, talks about rolling out new guardrails to enhance privacy protections and reduce instances of abuse. Some police officers have been accused of misusing the company's license plate readers. Langley says they are working to balance privacy rights and safety while holding people accountable for unauthorized use of the cameras and technology. He speaks to David Gura on "Bloomberg Open Interest."
Women's volleyball is attracting serious investment as League One Volleyball sells team ownership stakes at valuations around $20 million. LOVB Pro Commissioner Sandra Idehen joins Bloomberg Open Interest to explain why the sport's massive youth participation, growing college audiences and emerging star athletes could help turn professional volleyball into America's next major women's sports league.
AI's massive power needs are reshaping the commodities trade. CoreCommodity's Doug Daly joins Bloomberg Open Interest to explain why uranium and gold remain attractive, why oil markets may be dangerously complacent and how geopolitical risks are forcing countries to rethink critical-mineral supply chains.
Rudina Seseri, founder and managing partner of Glasswing Ventures, joins Businessweek to discuss latest AI-related headlines including reports that Anthropic is in talks to buy startup 'Decart' for $6 Billion. She argues that with many of the major AI companies operating today like OpenAI and Anthropic "their success is also their limitation, which is they're not efficient."
US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers. The value of retail purchases, which isn't adjusted for inflation, decreased 0.6%, the most since May 2025, according to data published Friday by the Census Bureau. Veronica Clark, US Economist with Citi, reacts to the US retail sales data and discusses the weakening labor market and slowing inflation.
The US government sold 30-year bonds at the highest interest rate in a quarter century, a testament to investors' demand for greater compensation to finance the nation's growing deficit. Priya Misra, Portfolio Manager: Core Plus Bond Fund at JPMorgan Asset Management, discusses the bond market and how the Fed is digesting recent economic data.
On this episode of Stock Movers: Drone companies including AeroVironment Inc. (AVAV), Aevex Corp. (AVEX), and Unusual Machines Inc. (UMAC) rose on news that the Trump administration plans to apply a 100% tariff on imports of unmanned aircraft systems and their components. Applied Matierals (AMAT) fell despite an earnings forecast that topped estimates. Investors had a muted reaction to earnings even though the stock has more than doubled this year. Gemini Space Station (GEMI) fell as the crypto platform's earnings report faced crypto market headwinds and a wider-than-expected adjusted Ebitda loss. Reddit (RDDT) climbed on the news that the stock is set to be included in the S&P 500 index.
US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers. Sales dropped by 0.6%, the forecast was for a 0.1% gain. Bloomberg's Michael McKee has the numbers followed by Aditya Bhave from BofA Securities with reaction.
Julian Emanuel, Evercore ISI chief equity & quantitative strategist, says the odds of a Federal Reserve interest rate hike may keep rising ahead of the next decision that comes in September. Emanuel says that could cause some volatility in markets. He speaks on "Bloomberg Surveillance."
With the stock market at a record high, Binky Chadha of Deutsche Bank says that broader demand for artificial intelligence is contributing to the sustained positive performance across the market and not just among AI players.
