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Mixed messages are emerging from the Trump administration after the national debt hits an all-time high of $40 trillion. But as the debt climbs, the White House is getting a makeover. Join guest moderator Vivian Salama, Zolan Kanno-Youngs of The New York Times, Mary Louise Kelly of NPR, Michelle Price of The Associated Press and Matt Viser of The Atlantic to discuss this and more.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are ProShares Head of Research & Active Investments CIO Alessio de Longis, KPMG Chief Economist Diane Swonk, Goldman Sachs Co-Head, Global Commodities Research Daan Struyven, Janus Henderson Portfolio Manager Jeremiah Buckley, National Academy of Engineering President Tsu-Jae King Liu, Loop CEO Matt McKinney, Liquid Death Founder & CEO Mike Cessario, Legendary Sports Agent Leigh Steinberg, & Boxer Mike Tyson.
Chapters:
00:00:00 Bloomberg The Close
00:03:01 ProShares on the Debasement Trade, Yields & Equities
00:10:12 Diane Swonk on Jackson Hole, Fed Policy & Inflation
00:13:48 AI, Productivity & the Fed's Interest Rate Challenge
00:17:31 Top Calls
00:18:30 Bitcoin Rally, Robinhood & the Return of Crypto
00:22:36 Goldman Sachs on Iran Sanctions, Oil & Refining
00:27:12 Gold Rally, Central Bank Buying & Fiscal Risk
00:31:34 Citadel Profits From Situational Awareness Hedge Fund Deal
00:36:39 Janus Henderson on Nvidia, AI & Software Stocks
00:39:00 Anthropic IPO, AI Debt & Nvidia Financing
00:41:00 Market Broadens Beyond AI Into Health Care & Financials
00:43:23 Closing Bell
00:46:18 Market Movers: Moderna, Ross Stores & BJ's Wholesale
00:48:47 Biggest Losers: Micron, Nvidia & Boston Beer
00:54:14 Nvidia Earnings Preview & Semiconductor Competition
00:55:24 Semiconductor Pioneer on Nvidia, TSMC & the AI Supercycle
00:57:13 AI Data Centers, Power Demand & Chip Efficiency
01:00:12 U.S.-China Chip Competition & Engineering Talent
01:03:10 AI Supply Chain Constraints Shift From Chips to Power
01:08:36 AI Backlash, Data Centers & Liquid Death's Viral Campaign
01:12:00 Can Better Marketing Change Public Perception of AI?
01:13:15 Liquid Death CEO on AI, Advertising & Human Creativity
01:15:04 Liquid Death's IPO Outlook
01:16:20 Leigh Steinberg on Lakers Valuation & the Business of Sports
01:20:03 Should Athletes Share in Team Valuation Gains?
01:22:00 Private Equity, Sports Ownership & NIL
01:25:21 Mike Tyson on His New Food Business & Healthy Eating
01:28:17 Mike Tyson on a Potential Floyd Mayweather Fight
01:29:01 What to Watch
Megan Brantley of @LikeFolio turns to Coinbase (COIN) as it and other stocks tied to Bitcoin rally on revived Clarity Act expectations. The stock is still on a substantial year-over-year decline.
While Megan argues the company has done a better job of diversifying itself, she says the stock is still largely a proxy play on Bitcoin. However, she sees opportunity in its revenue streams and prediction markets.
A rollercoaster week in global bond markets saw Treasury yields briefly pull back Wednesday after the U.S. Treasury announced $4 billion in buybacks, before climbing again Thursday.
Thanos Papasavvas of ABP Invest and Julian Howard of GAM Investments join CNBC’s Ritika Gupta to discuss the bond market turmoil and how they’re positioning across asset classes.
