Vinod Khosla, an early investor of OpenAI and the founder of Khosla Ventures, says slowing AI development could hand China a strategic advantage. He joined Bloomberg Open Interest to argue that America should accelerate AI and energy infrastructure while protecting workers displaced by automation, not their individual jobs. He also says Silicon Valley has failed to clearly communicate AI's potential benefits in healthcare, education and economic growth.
Oil climbed higher Thursday, with Brent futures jumping more than 3%, after a top Iranian military official said Tehran may broaden the war to the Indian Ocean if attacked. Charles Gorrivan reports on Bloomberg Television.
Ohsung Kwon, chief equity strategist at Wells Fargo, explains the "pretty negative setup" he sees for equities as he lowers his year-end target for the S&P 500 to 7,700.
Applications for US unemployment benefits fell to the lowest level since July, edging down 1,000 to 197,000 in the week ended Sept. 19, according to Labor Department data released Thursday. Enda Curran reports on Bloomberg Television.
Lisa Shalett, CIO at Morgan Stanley Wealth Management, sees both equities and bonds "going through a period of seasonal weakness," but would be a buyer of stocks as she views the midterm election as a clearing event for equity markets.
"We don't think the dollar will knock it out of the park," says Daragh Maher, senior FX strategist at HSBC, as he discusses the "ambiguous relationship" he sees between the US dollar and Treasury yields. He speaks on "Bloomberg Surveillance."
As US President Donald Trump greeted China's Xi Jinping on Wednesday, Treasury Secretary Scott Bessent announced that an agreement struck last year by the nations will run an additional two months until Jan. 10. Tyler Kendall reports on Bloomberg Television.
Yields on the US government's longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007. JP Morgan Private Bank's Global Investment Strategy Co-Head Grace Peters joined Lizzy Burden and Stephen Carroll on Bloomberg radio to discuss. Christopher Pitt
Leland Miller, China Beige Book CEO, joins Bloomberg's Anna Edwards on "Bloomberg Brief" to look ahead to the Trump-Xi summit in Washington. He says that the US side has seen a lot of non-compliance from their Chinese counterparts, which have resulted in more frequent check-ins. Miller adds that the Board of Investment is intended to stabilize the relationship and not expand bilateral investment.
Grace Peters, global investment strategy co-head at JPMorgan Private Bank, discusses the global selloff in bonds and why she sees equities as "the growth engine of the portfolio" even if rising yields place a "higher burden on earnings going forward." Peters speaks on Bloomberg Television.
The Swiss National Bank dialed down its threat of intervention to weaken the franc and raised inflation forecasts while keeping interest rates unchanged. Bloomberg's Guy Johnson has the details.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
