Global bond and currency investors are debating if it's time to dust off last year's 'Sell America' trade after a flurry of economic-policy decisions out of Washington over the past two weeks. Julia Hermann, Director: Global Market Strategy at New York Life Investment Management, discusses tightening economic conditions, the pass through to equities, and a resurgence in the 'sell America' trade.
Smashburger CEO Jim Sullivan explains why the restaurant chain is doubling down on franchising. Speaking on "Bloomberg Open Interest," Sullivan also comments on the recent outbreak of cyclosporiasis and the company's pricing strategy.
Iran said an agreement with Oman on proposed shipping lanes that partially reopens the Strait of Hormuz is in the final stages. In recent days, the US and the Islamic Republic have indicated a resolution is close. Kailey Leinz has the latest on Bloomberg Television.
On this episode of Stock Movers: - Peloton (PTON) is sliding as the exercise equipment maker saw an acceleration in cancellations or "churn" in paid connected fitness subscriptions during its fourth quarter, and gave revenue guidance for both the first quarter and fiscal 2027 that trailed Street expectations. - Zillow (Z) shares are dropping as the online real estate platform provided revenue forecast for the third quarter that missed the average analyst estimate. - Six Flags (FUN) dropped after the water park operator reported net revenue for the second quarter that missed the average analyst estimate.
Leopold Aschenbrenner has made a $400 million investment in a privately held company, according to people familiar with the matter. Bloomberg's Nishant Kumar has more on apparent comeback of the Situational Awareness hedge fund on "Bloomberg Open Interest."
Federal Reserve Bank of San Francisco President Mary Daly says "alarm bell" isn't sounding off yet on longer-run inflation expectations during an event in Tokyo.
Warner Bros. Discovery Inc. reported a drop in sales due to the loss of a deal to carry National Basketball Association games and its summer movie lineup has not performed well. But all eyes are on the planned acquisition by Paramount Skydance. Geetha Ranganathan of Bloomberg Intelligence has more.
Edward Al-Hussainy, Total Return bond portfolio manager at Columbia Threadneedle, examines the numerous factors he sees impacting the long end of the yield curve.
Federal Reserve Chairman Kevin Warsh is said to be prepared to stick with his revised communications style despite a selloff in US Treasuries following last week's Fed meeting, according to a report in the Financial Times. Michael McKee has more on Bloomberg Television.
Applications for US unemployment benefits edged up to 199,000 in the week ended Aug. 1, according to Labor Department data released Thursday. Claims remained below 200,000 for a third straight week and the four-week moving average fell to the lowest since September 2022. Michael McKee reports on Bloomberg Television.
Bob Elliott, CEO and CIO at Unlimited Funds, discusses market FOMO in AI and chips which he sees as "classic bubble-type activity" and warns about the levels of leverage he sees across markets.
Investors are bracing for the next potential hit to SpaceX shares when $101 billion worth of stock becomes available for trading on Thursday with the scheduled ending of a lockup agreement restricting insider share sales. Leen Al-Rashdan reports on Bloomberg Television.
