Bloomberg
Grading the Fed's Tightening Pace
David Bianco, DWS Group Americas CIO explains why the bond market is running out of patience for the Fed to win the inflation war. He also breaks down where earnings growth might come from in the near future.
Bloomberg
June Jobs Report Shows Inflation Pressures Are Easing: Bernstein
Jared Bernstein, the head of the White House Council of Economic Advisors, says the US still has a robust jobs market and he says inflation pressures are easing. Nonfarm payrolls in June grew by 209,000 missing estimates. He's on...
Bloomberg
Is the Fed going to 6%? The BOE to 7%?
Is the Fed going to 6%? The BOE to 7%? That was Thursday's Question of the Day posed to Kathryn Anne Edwards, RAND Corporation Adjunct Economist and Bloomberg Opinion Writer, by Alix Steel and Guy Johnson on "Bloomberg Markets: Americas."
Bloomberg
What to Watch for in the June Jobs Report
The monthly payrolls report for June is expected to show the economy added 225,000 jobs. Victoria Fernandez of Crossmark Global Investments talks about what to look for.
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Bloomberg
Manufacturing Layoffs Coming Into Play, ISM's Fiore Says
Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, discusses the takeaways from the ISM's June factory report with Guy Johnson and Kriti Gupta on "Bloomberg Markets." The ISM's manufacturing gauge fell to 46, the...
Bloomberg
Hopes for a Soft Landing
Rebecca Patterson, Former Bridgewater Associates Chief Investment Strategist explains why she believes hopes for a soft landing are premature. Patterson also says she is surprised by the strength in tech.
Bloomberg
The Future of Blackstone
Blackstone CFO Michael Chae tells us why Blackstone is well-positioned for a high-rate environment. He also believes that AI will further the edge private markets have over public markets.
Bloomberg
Jobless Claims Down Most Since 2021, GDP Revised to 2%
Initial jobless claims decreased by 26,000 to 239,000 in the week ended June 24 according to the Labor Department's report. First-quarter US GDP was revised up to 2%. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
Biden Says 'Bidenomics' Is Working
President Joe Biden says "Bidenomics" is working for the American people. He spoke about his economic record and creating jobs during his first term during a speech in Chicago.
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Bloomberg
SocGen's Bini Smaghi on Rate Hikes, Bank Strategy
Societe Generale Chairman and Former ECB Executive Board Member Lorenzo Bini Smaghi said markets are expecting a recession to happen as a consequence of central banks getting more hawkish. He also touched on European banks being...
Bloomberg
Biden Says He Likes the Term 'Bidenomics'
President Joe Biden says he never coined the term "Bidenomics," but he likes it. Biden will outline his plans for the economy in Chicago today. Biden spoke to reporters at the White House.
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Bloomberg
UBS to Cut More Than Half of Credit Suisse Workforce
UBS Group AG is planning to cut more than half of Credit Suisse Group AG's workforce starting next month as a result of the bank's emergency takeover. Total job losses could add up to about 35,000. Bloomberg's Sonali Basak...
Bloomberg
Wellesley's Chan on Banking Jobs
Wellesley Managing Partner Loretta Chan discusses the latest round of job cuts in banking and finance sector. She speaks with David Ingles and Yvonne Man on "Bloomberg Markets: China Open".
Bloomberg
Goldman Sachs Cutting About 125 MDs; JPMorgan Cuts 40 Dealmakers
Wall Street firms are slashing more jobs. Goldman Sachs Group Inc. has started cutting managing directors across the globe, according to people familiar with the matter. And JPMorgan Chase & Co. is cutting about 40 investment bankers in...
Bloomberg
US Jobless Claims Unchanged as Continuing Claims Decline
Initial jobless claims held at 264,000 in the week ending June 17 after a slight upward revision to the previous week's figures, according to a Labor Department report. Mike McKee takes a look at the numbers and what they could mean for...
Bloomberg
Powell Says Majority of FOMC See Two More Hikes in 2023
Federal Reserve Chair Jerome Powell says returning US inflation to 2% is crucial to support the long-term health of the US economy during his semiannual monetary report to the the Senate Banking Committee.
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Bloomberg
Single Mothers Overcome Odds to Build Careers in Tech
Melissa Panzer, executive producer of video content for nonprofit media company WorkingNation, discusses her documentary, "Glory in Overcoming." The short film profiles three single mothers who find strength and meaning while pursuing...
Bloomberg
A Pause is Just a Pause
Sonal Desai, Franklin Templeton Fixed Income CIO & Tracy Alloway, Bloomberg News Managing Editor gives us their take on the most recent Fed meeting and dive into the semantics around a "pause" or a "skip."
Bloomberg
What Might be Driving the Fed
Lawrence H. Summers, Former Treasury Secretary weighs in on this week's Fed decision and why he believes the meeting felt like it was driven by internal political dynamics.
Bloomberg
UK Latest: Labor Market Tightens as Wages Surge
Britain's labor market tightened unexpectedly in April as wages shot up and unemployment fell, fanning inflationary pressures that are a concern to the Bank of England. Lizzy Burden reports on Bloomberg Television.
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Bloomberg
Macropolicy Perspectives' Coronado Previews Fed's Decision
Julia Coronado, President of Macropolicy Perspectives, discusses US May CPI report and previews Fed's decision. She speaks with Kathleen Hays, David Ingles and Yvonne Man on "Bloomberg Markets: China Open".
Press Association
Sunak: Johnson asked me to do something I didn't think was right
Rishi Sunak said Boris Johnson asked him to “do something I wasn’t prepared to do”, when asked about whether anyone in No 10 had intervened in the former prime minister’s resignation honours list.
Taking questions at the London Tech...
Bloomberg
How Moving to Miami Saves Thousands
Leaving New York for Florida is a big money saver. This is a trend that really picked up during the pandemic and continued in the years since. Scarlet Fu and Romaine Bostick report on Bloomberg Television.
Press Association
Starmer lays out Labour plan for the steel industry
Pool clip answers from Labour leader Sir Keir Starmer following a visit to British Steel in Scunthorpe.
He answers questions on how Labour will maximise the potential of green british steel, Rishi Sunak's visit to the US for trade...