Pauline Brown, former chairman of LVMH North America, discussed evolving trends in the luxury market. She highlighted that while traditional luxury spending correlates with strong economic indicators like housing and low unemployment, today's consumers are more discerning. She speaks with Romaine Bostick & Sally Bakewell on "The Close."
Bill Dudley, a Bloomberg Opinion columnist and former New York Fed President, explains why he thinks US the equity market is in bubble territory. Speaking with Romaine Bostick on "Bloomberg The Close," Dudley also comments on the economic impact of AI and the rise in bond yields.
Peggy Johnson, CEO of Agility Robotics, discussed the company's upcoming public debut, positioning it as the only pure-play US public company focused on humanoid robots with proven commercial applications. Agility Robotics is valued at a $2.5 billion pre-money valuation and expects to go public in the fall. She speaks with Romaine Bostick & Sally Bakewell on "The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Carol Massar and Emily Graffeo.
Robin Wenzel, head of Wells Fargo Industry Insights, said that the rise of GLP-1s has brought down the rate of bariatric surgery by more than 30%, providing a less invasive 'pharmaceutical offramp' for weight management. Wenzel said GLP-1 use rose 120% between 2022 and 2024 and that it offers the parts of the healthcare industry an opportunity to turn to helping patients manage medication or their side effects.
Bloomberg's Poonam Goyal said Walmart's earnings miss is largely due to lagging pharmaceutical sales impacted by new federal negotiations aimed at delivering lower drug prices. Goyal said that it's an issue that both the company and investors are expecting to continue affecting sales. Goyal said that Walmart could have the opportunity to calm concerns about flagging US sales growth by focusing on bringing in customers with competitive pricing.
Clear Investment Group CEO Amy Rubenstein says apartment renting is more affordable than buying a house for now as construction costs keep on rising. She talks about the state of housing on Bloomberg Businessweek Daily.
Clear Investment Group CEO Amy Rubenstein says apartment renting is more affordable than buying a house for now as construction costs keep on rising. She talks about the state of housing on Bloomberg Businessweek Daily.
Anna Ashton, former Defense Department analyst for China, says that the US has significantly weakened its relationships and its weapons stockpiles ahead of President Xi's visit to the US in September and that Xi Jinping feels as if he has the upper hand heading into those talks. Ashton also weighed in on the US positioning in the region amid war with Iran, saying that the US is giving Beijing numerous signals that it's 'abandoning the Pacific as an area of primary focus.'
Bloomberg Opinion's Jonathan Levin joins Scarlet Fu on "Bloomberg Real Yield." Treasury Secretary Scott Bessent said today that he's prepared to expand efforts to buy back costlier debt and that the administration will be unveiling a new fiscal initiative to address the highest borrowing costs in years.
Meta has quietly become one of Microsoft's largest AI customers, spending hundreds of millions of dollars a year to access the Azure cloud service - and reviving concerns around circular business dealings in the AI space. Bloomberg's Brody Ford joins Ed Ludlow on "Bloomberg Tech."
Bitcoin surpassed $70,000 for the first time in over two months, propelled by US Treasury Secretary Scott Bessent's move to push US bond yields lower and a high-stakes meeting President Donald Trump held with crypto industry leaders. Bloomberg's Mike McGlone joins to discuss bitcoin as well as the recent climb in oil. Oil climbed to the highest in almost a month due to Donald Trump's threat to crush the Iranian economy.
