Wall Street traders betting on a another solid earnings season sent stocks higher, with the market also gaining as oil prices eased. Aoifinn Devitt, Managing Director: Global Wealth at Moneta Group, discusses the markets, global inflation and economic growth in the US and abroad.
On this episode of Stock Movers: - Delta (DAL) shares are sliding after the company reduced its full-year earnings outlook due to high jet fuel prices stemming from the war in the Middle East. - Humana (HUM) is surging as the company improved its performance on crucial Medicare Advantage quality ratings that will boost future revenue. Shares of CVS meanwhile fell as ratings for some of its largest plans deteriorated, while UnitedHealth shares were little changed in premarket trading. - Apple (AAPL) shares are slipping after a report that the company cut component orders for the iPhone 18 Pro and iPhone 18 Pro Max following weaker-than-expected demand.
University of Michigan Surveys of Consumers Director Joanne Hsu says US consumers have been "loud and clear" about their struggles with higher prices and their outlook for the economy has declined since the beginning of the year. She speaks on "Bloomberg Open Interest."
Joachim Klement, managing director and research analyst at Panmure Liberum, explains the risks the firm sees on Artificial Intelligence names and discusses the potential for a severe AI-triggered market crash. He speaks on "Bloomberg Open Interest."
SpaceX is acquiring a crucial swath of spectrum from Grain Management. The new spectrum allows SpaceX to beam cell service to devices indoors from its Starlink network of satellites and will be combined with a terrestrial network to connect devices everywhere. Sana Pashankar reports on "Bloomberg Open Interest."
OpenAI is expecting to reach or exceed $70 billion in annualized revenue by the end of the year, driven largely by growth in its enterprise business. Ed Ludlow reports on "Bloomberg Open Interest."
Angelini Industries CEO Sergio Marullo di Condojanni discusses acquisition and growth prospects on "The Pulse with Francine Lacqua" on Oct. 6.
Sheila Kahyaoglu, senior equity research analyst at Jefferies, examines third-quarter results from Delta Air Lines, which cut its full-year earnings outlook on high jet fuel prices. She speaks on "Bloomberg Surveillance."
Col. Wayne Sanders (Ret.) of Bloomberg Intelligence examines what he calls the "hornet's nest" of increased activity in the Middle East as President Donald Trump said Thursday that the US would not strike Iran before the midterm elections.
Chris Verrone, partner and chief market strategist at Baird Strategas, sees equity markets as "highly rotational" and doesn't think bond yields are high enough to be "truly competitive for your capital every day." He speaks on "Bloomberg Surveillance."
Delta Air Lines Inc. cut its full-year earnings outlook on high jet fuel prices stemming from the war in the Middle East, even as strong travel demand helped to offset some of the added costs. Lisa Abramowicz and Annmarie Hordern have more on Bloomberg Television.
A proposed public firing-squad execution discussed by the US defense secretary is a "medieval" idea that could damage the Republicans ahead of the midterms, according to Morris Reid, Partner at Actum, who served in the Clinton Administration. Speaking to Francine Lacqua on "The Pulse", Reid says this shows a lack of coordination within the Trump administration as it braces for "challenging" elections.
