Meredith Whitney, CEO of the Meredith Whitney Advisory Group, says many retailers will struggle during this earnings season because because household costs have been rising since the start of the Iran war. She speaks on "Bloomberg The Close."
David Kelly, chief global strategist at JPMorgan Asset Management, and Stephen Parker, co-head of global investment strategy at JPMorgan Private Bank, discuss their latest Long-Term Capital Market Assumptions report, which projects about 7% annual returns for 60/40 portfolios over the next 10 15 years. They speak on "Bloomberg The Close."
Powered by Elon Musk's $178 million in donations, two Republican super political action committees raked in $367 million in the third quarter, adding to the prodigious financial advantage the GOP enjoys even as its odds for holding its House and Senate majorities grow longer. The Senate Leadership Fund reported $273 million in fundraising, according to Thursday filings with the Federal Election Commission, a total that includes $158 million in contributions from Musk as well as seven-figure donations from billionaires Stephen Schwarzman, Joe Ricketts and Stephen Wynn. For more, we speak with Bill Allison, Bloomberg News Campaign Finance Reporter.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Carol Massar and Norah Mulinda.
Amanda Lynam, chief credit strategist at Goldman Sachs, says recent widening in AI-related credit spreads resembles an earlier episode but differs because high-yield debt is now leading the move and investors are raising fundamental questions. She speaks on "Bloomberg The Close."
Bloomberg's Brody Ford said that issues facing the IPO of AI firm Nscale are 'endemic' to the larger AI data center industry as developers try to source power and labor and contend with potential delays. Bloomberg's Bailey Lipschultz said that the tone has shifted for AI IPOs as more companies slow down on going public before the end of the year.
The US will turn some "dark fleet" oil tankers into legitimate ships that can legally carry crude, says Energy Secretary Chris Wright. He says investors will refurbish some ships and have them carry non-sanctioned oil. He speaks to Bloomberg's Annmarie Hordern at a Citadel Securities event in New York.
Matthew Bartolini, global head of research strategists, at State Street Investment Management, joins Isabelle Lee and Eric Balchunas on "Bloomberg ETF IQ." They discuss the Trump Accounts after Elon Musk announced this morning that he would distribute a share of SpaceX to each child in the US.
Georgia Secretary of State Brad Raffensperger pushed back on rhetoric undermining the state's electoral system, calling the system 'free, fair and fast' and saying 'people can trust the results here in Georgia.' Raffensperger also said voters can expect to know the results before midnight on election day, even as large numbers of Georgia voters have already gone to the polls to cast their ballots early.
Blue Macellari, head of digital assets at T.Rowe Price, joins Isabelle Lee and Eric Balchunas on "Bloomberg ETF IQ." They discuss T. Rowe Price Active Crypto ETF (ticker: TKNZ). The fund is outpacing the broader market since its launch in July.
Bloomberg's Zijia Song joins Isabelle Lee and Eric Balchunas on "Bloomberg ETF IQ." A community of people known "dividend nomads" are quitting their jobs and funding their lifestyle through investments, prioritizing ETF investments that provide monthly income.
US Energy Secretary Chris Wright says we have a "three-alarm" fire when it comes to diesel and that Europe should be releasing more from its reserves. He speaks to Bloomberg's Annmarie Hordern at the Citadel Securities Conference in New York.
