Aditya Bhave, BofA Securities senior US economist, says the Federal Reserve could raise interest rates at its October meeting, challenging the market's strong expectation that policymakers will hold. Bhave speaks about what he's looking for from Federal Reserve Chair Kevin Warsh on "Bloomberg Surveillance."
A rally in giant chipmakers buoyed the stock market as dip buyers emerged on bets the artificial-intelligence investment boom will continue to support solid earnings. Nimrit Kang, CIO at North Star Asset Management, discusses a growth scare amid an earnings-driven rally.
At first glance, the past week's inflation data look hot enough to change the Fed debate, but the details were less alarming: Inflation breadth narrowed, and traders expect PCE inflation later this month to tell a similar story. Jennifer Lee, Senior Economist at BMO Capital Markets, discusses global tightening and her outlook for the Fed's inflation fight.
On this episode of Stock Movers: - CoreWeave (CRWV) share are higher in premarket trading as Goldman Sachs upgrades the cloud-computing provider to buy from neutral, a move that comes in the wake of heavy volatility related to concerns over the company's debt. - Cleveland-Cliffs (CLIF) shares jumped after it reported third-quarter profit that topped analysts' estimates as steel prices rose and Trump administration tariffs eroded US imports. - Intel (INTC) is gaining in the premarket as JPMorgan upgrades to neutral from underweight, noting that the chipmaker's turnaround might take years, but the management's execution has been solid.
Anthropic PBC says it plans on depositing 5% of its shares in a new fund for "the public good." The money could be used to offset AI's impact on the job market. The artificial intelligence startup is preparing for what could be one of the biggest IPOs ever. Bloomberg's Ed Ludlow reports.
JPMorgan Chase & Co. deployed $230 billion of capital, providing equity and debt financing across a handful of areas, including energy independence and defense and aerospace, in the first year of its decade-long effort to plow $1.5 trillion into industries that bolster US economic security. Herman Chan of Bloomberg Intelligence has more on Bloomberg Television.
Peter Tchir, head of macro strategy at Academy Securities, says he is "nervous" about a potential selloff of artificial intelligence-related debt as he sees "faux liquidity" in markets. He speaks on "Bloomberg Surveillance."
Warren Buffett's three children are preparing to take responsibility for one of the world's biggest fortunes. Buffett is worth about $150 billion and has pledged to give away the vast majority of his wealth. When he dies, Susie, Howard and Peter Buffett will have to agree unanimously on how to give away what remains. The siblings already back very different causes, from early education to food security and conflict mitigation. But they still haven't decided how they'll distribute the fortune, with Susie Buffett saying: "We don't know yet." Charlie Wells joins Caroline Hepker and Stephen Carroll on Bloomberg Radio to discuss.
Andrew Sheets, global head of fixed income research at Morgan Stanley, examines what impact volatility in French bonds and equities may have on European Central Bank policy and how his firm is approaching European markets. He speaks on "Bloomberg Surveillance."
Partial curfews will be put in place in some parts of France following protests at the weekend that deteriorated into riots, Prime Minister Sebastien Lecornu said. More than half a million people took to the streets to protest the high cost of living, with demonstrations degenerating into riots in Paris, Marseille and other cities. Bloomberg's Oliver Crook reports from Paris.
Republican lawmakers blasted President Donald Trump for waiving new tariffs and sanctions on Russia, prompting the president to defend himself against some of his strongest allies on Capitol Hill. Tyler Kendall reports on Bloomberg Television.
"It is an incredibly technically-driven market," says Max Kettner, chief multi-asset strategist at HSBC. He doesn't see any kind of fundamental catalyst, outside of earnings, calming some nerves around concerns about artificial intelligence. He speaks on "Bloomberg Surveillance."
