Crypto Financial

Adobe named Anil Chakravarthy, the president of its customer experience business, as its next CEO, succeeding Shantanu Narayen. Ed Ludlow has more on "Bloomberg The Close."

Matt Brill, head of North American investment grade credit at Invesco, and Meghan Robson, head of US credit strategy at BNP Paribas, joins Michael McKee on "Bloomberg Real Yield." They discuss Treasury Secretary Scott Bessent's focus on driving yields lower.

OpenAI CEO and co-founder Sam Altman says the tech industry has done a terrible job of communicating the benefits of AI during an interview with Ed Ludlow on "Bloomberg The Close."

Aleco Azqueta, global VP of Marketing for Grey Goose at Bacardi, said that he loves that tennis fans get to take home a bit of US Open history when they buy an iconic Honey Deuce drink (and cup) at the tournament. Azqueta said that the drink has grown to be part of the 'center' of the US Open and creates 'moment of connection' for visitors.

Bloomberg's Amanda Albright joins Michael McKee on "Bloomberg Real Yield." Nearly 200 private colleges are draining their endowments to stay alive as they face financial pressure due to declining enrollments and shrinking income.

Bloomberg's Caitlin Reilly joins Michael McKee on "Bloomberg Real Yield." The expanded state and local tax deduction championed by New York lawmakers is gaining favor around the US, benefiting well-heeled taxpayers in states like Ohio, Colorado, North Carolina, Michigan and Pennsylvania.

Bloomberg's Tosos Vossos joins Michael McKee on "Bloomberg Real Yield." As government bond yields across the world erupt, corporate credit has rarely looked calmer. Yet even in that market, about $1 trillion of bonds are telling a much different story.

US Travel Association President Geoff Freeman said that the travel industry wants the government to work out 'self-inflicted' issues facing the travel industry as travelers face new visa policies and the prospect of more government shutdowns. Freeman also said that as travelers turn to AI, some of the industry remains 'inefficient' since most jobs travels companies can't 'turn over to AI.'

Bloomberg's Olivia Fishlow joins Michael McKee on "Bloomberg Real Yield." Cliffwater's flagship private credit fund again capped redemptions at 5% in the third quarter, after investors sought to pull about 16% of shares. The biggest such BDC, the $77 billion Blackstone Private Credit Fund, disclosed Thursday that it would again cap redemptions at 5%, after its investors sought to redeem 10% of shares.

Former Deputy Director of National Intelligence and Retired Lieutenant General Karen Gibson said that if the president declares war with Iran over it will signal he has abandoned the aims of the war, including putting curbs on the Iranian nuclear program. Gibson said that even if President Trump declares war over, it will likely not move Iran's blockade on the Strait of Hormuz unless the US is prepared to give up its economic campaign as well.

Bloomberg's Erik Wasson joins Michael McKee on "Bloomberg Real Yield." US bond yields are spiking in part because of concerns over the total US public debt blowing past $40 trillion. Not only are congressional lawmakers shrugging that off, some are indicating that more deficit spending is yet to come.

Snowflake posted a third straight quarter of accelerating product revenue growth and raised its full-year outlook, with CEO Sridhar Ramaswamy saying AI accounted for about half of the company's outperformance. He discusses the rapid adoption of Snowflake's AI coding agent Coco, growing customer usage, and how the company is competing with Databricks in the race to turn enterprise data into AI-driven growth. He joins Ed Ludlow on "Bloomberg Tech."