United States Financial

Hong Kong leader John Lee has unveiled the city's first five-year plan, a blueprint his administration has crafted as it seeks to align the city's priorities with China's national strategy.

Alan Chan, Managing Partner at the Hong Kong-based family office Full Vision Capital, discusses his vision for investment opportunities for Hong Kong, and the city's move to align closer to China's economic plans with its own five-year plan. The firm focuses on investments that support Hong Kong's green transition and innovation development. He speaks with David Ingles on "Bloomberg: The Asia Trade".

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said artificial intelligence labs should rely on independent evaluators and advisers to ensure that models are safe.  Earlier, Nvidia Corp. Chief Executive Officer Jensen Huang made similar remarks, saying safety should be a regular part of the development process, and companies can decide not to release things that are harmful. Bloomberg Intelligence's Matthew Bloxham breaks down the situation.

The AI boom is creating a new class of billionaires in some unlikely places. Since the rise of ChatGPT in 2022, companies manufacturing overlooked industrial products and obscure hardware have seen their fortunes soar as demand for AI infrastructure takes off. Bloomberg Billionaires reporter Pui Gwen Yeung breaks down how these companies have struck gold.

Oil dropped as a rally driven by supply disruptions left gains looking overdone, and a US industry report pointed to a rise in stockpiles. The situation in the Middle East remains on an escalatory path, with threats to passage through the Red Sea and Hormuz, alongside pipeline damage in Saudi Arabia. Guy Wolf, Global Head of Market Analytics at Marex spoke to Bloomberg's Abeer Abu Omar on the oil market reaction.

Kher Sheng Lee, MD and APAC Co-Head at the Alternative Investment Management Association, says his industry group looks forward to more accommodative measures that will help the industry expand in Hong Kong.

Raymond Yeung, Chief Greater China Economist at ANZ, discusses Hong Kong's move to create its own five-year planning blueprint on "Bloomberg: The China Show."

The US-Iran war has reached crisis point for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman, as the Houthis started firing at the kingdom on a near-daily basis this month. The hostilities had already pushed Saudi oil production to the lowest level in decades and they now threaten to complicate the kingdom's multi-trillion dollar plans to diversify the economy. Bloomberg's Onur Ant reports.

Bond traders have piled into bearish positions ahead of Wednesday's Federal Reserve meeting. Bloomberg's Sunny Bangia and Tom Orlik break down the pressures weighing on equities as traders await the Fed's rate decision.

Anthony Soohoo, CEO of MoneyGram, said the company was surprised by the Senate's failure to advance the Clarity Act, but emphasized that MoneyGram will keep moving forward and focus on what it can control. He said it is too early to tell whether the bill, or something like it, will pass soon, and noted that the company is reassessing the regulatory environment. He speaks with Romaine Bostick on "The Close."

JB Mackenzie, Robinhood Futures & Prediction Markets VP & GM, discusses rising trading activity in prediction markets ahead of the Federal Reserve's rate decision, with markets pricing in an roughly 85% chance of a 25-basis-point hike. He sas interest in Fed-related contracts has grown substantially over the past year, moving from relatively muted early adoption to one of Robinhood's most popular contracts. He speaks with Romaine Bostick on "The Close."

Sandra Rivera, VSORA Chair, discusses a key AI industry issue: whether demand and revenue can grow quickly enough to justify the massive spending on physical infrastructure. She speaks with Romaine Bostick & Bailey Lipschultz on "The Close."