President Donald Trump intensifies pressure on the Federal Reserve to lower interest rates, threatening to cut off trade with certain economies with which the US has a deficit. He speaks with reporters at the White House.
Bloomberg's Lisa Mateo joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how people are spending their money at the US Open.
Maggie Timoney, CEO of Heinekin USA, said Heinekin's 0.0 nonalcoholic beer has seen success because consumers are looking to moderate their alcohol consumption, even if they're not looking to cut it out entirely. Timoney said that the beverage company wanted to honor the history of the US Open and the six championships won by Serena Williams in their partnership with the tennis star.
Bloomberg's Josyana Joshua joins Scarlet Fu and Tom Keene on "Bloomberg Money." Many parents are opening accounts that let teens learn the basics of investing with their supervision, in hopes of teaching them about investing early. As a result, financial firms have noticed and are rolling out products designed to appeal to parents and teens, such as joint brokerage accounts and parental-managed accounts that invest in exchange-traded funds.
Dana Telsey, CEO & chief research officer at Telsey Advisory Group, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the fashion statements being made by players at the US Open and how that translates to consumers.
Dana Telsey, CEO & chief research officer at Telsey Advisory Group, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the aspirational consumer, US Open fashion, and the premium shopper.
Antonn Muhammed, CEO of private equity firm Blacksun, said that his firm believes in 'compassionate capitalism' in their work and aim to provide services for everyone as well as investors. Muhammed was joined by former boxing world champion Roy Jones Jr., who leads BlackSun's boxing group 'Knockout Fights.' Jones said that their new venture includes important physical and financial protections for athletes in a dangerous sport.
Brian Kelly, founder of The Points Guy and author of 'How to Win at Travel' joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how Brian Kelly initially came up with the idea to create 'The Points Guy'.
Brian Kelly, founder of The Points Guy and author of 'How to Win at Travel' joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how Brian Kelly initially came up with the idea to create 'The Points Guy'.
Brian Kelly, founder of The Points Guy and author of 'How to Win at Travel' joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the best strategies for maximizing credit card points.
Brian Kelly, founder of The Points Guy and author of 'How to Win at Travel' joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the best credit card strategies for points and cash back.
Liz Pancotti, vice president of policy, advocacy and research at progressive advocacy group Groundwork Collaborative, said that if Trump wants lower interest rates, he should stop his war in Iran and reverse his tariffs, which will bring prices down. Pancotti said that high costs are showing up even in the push to onshore manufacturing and build data centers, as materials like lumber or aluminum are subject to tariffs.
