Listen for top interviews from Bloomberg News.
Hear conversations with the biggest names in finance, politics, technology, foreign relations, sports and entertainment.
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Listen for top interviews from Bloomberg News.
Hear conversations with the biggest names in finance, politics, technology, foreign relations, sports and entertainment.
Copyright: © 2023 Bloomberg and iHeartPodcasts
Ed Yardeni, Yardeni Research Founder and President, talks about why he's slashing his year-end forecast for the S&P 500 Index to 7,900 from 8,400. He also says the Federal Reserve could raise interest rates two more times this year. Yardeni says Iran is likely to wreak havoc and keep oil prices elevated. He spoke to Bloomberg's Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern.
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Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, says another interest-rate hike from the Federal Reserve is in order “unless the data changes pretty dramatically.” He talks to Bloomberg's Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern.
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Bloomberg's Tom Keene, Jon Ferro and Lisa Abramowicz discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump.
Wall Street traders drove stocks to the lowest since July on bets the Federal Reserve will keep raising rates to combat inflation after delivering its first hike in three years.
In his remarks to reporters, Fed Chair Kevin Warsh restated his concerns over inflation, saying too many categories of products and services were showing annualized price gains above 3% on a 6- and 12-month basis.
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Apollo Global Management President Jim Zelter discusses the firm’s partnerships with the New York Yankees and Nvidia, the “unprecedented” scale of the AI capex markets, and why he believes “rates are going to be higher for a while.” He speaks with Bloomberg's Jonathan Ferro.
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Former Secretary of State Antony Blinken joined Balance of Power with Joe Mathieu to discuss rapid AI advancement and whether guardrails should be in place. Blinken said, 'If you've got the wizards telling you all ain't right in Oz, listen to them.' He also noted he believes the war involving Iran could end tomorrow with diplomacy.
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Harvey Schwartz, Carlyle CEO, joined Bloomberg's Dani Burger on Open Interest and he said he doesn’t see the Federal Reserve repeatedly raising interest rates. In addition, Carlyle has partnered with the MIT Generative AI Impact Consortium for a two-year research program to examine how large language models can be used for portfolio management and investment decision-making.
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David Sacks, chair of the President's Council of Advisors on Science & Technology, says Anthropic and OpenAI should slow development of their most advanced AI models if they believe the technology poses serious risks, but argues they don’t need new regulation to do it. He pushes back against calls for antitrust exemptions and a broader regulatory framework, saying today’s frontier AI labs are setting the frontier themselves and do not need "anyone else's permission." He also underlines that any approach must account for competition with China, which is unlikely to join a global agreement to slow down AI development. Sacks spoke with Bloomberg's Ed Ludlow.
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Bank of America CEO Brian Moynihan said trading revenue will be “relatively flat” compared with last year’s third quarter, a break from the surge that Wall Street saw in the first half. The news sent shares of Bank of America and other big banks falling.
Following that news, Moynihan spoke with Bloomberg’s Dani Burger from the sidelines of Barclays Global Financial Services Conference in New York and talked about the bank’s outlook, his thoughts on guardrails for artificial intelligence and more.
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Bloomberg News' Ottawa Bureau Chief Brian Platt sits down with Canadian Prime Minister Mark Carney ahead of the country's first national investment summit in Toronto. Carney says he thinks it’s still possible for the US and Canada to reach a “mutually advantageous” deal that would reduce trade barriers. He notes that Canada is "ready to sit down and negotiate that and move it forward". Carney adds that he welcomed President Trump’s comments over the weekend that he believed the countries could reach an agreement fairly soon. He also discusses the need to strengthen AI guardrails and more.
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Barclays CEO CS Venkatakrishnan says that the extreme specter of AI does not take away the value of its "mainstream capabilities," while speaking with Bloomberg's Dani Burger at the Barclays Global Financial Services Conference in New York. Venkatakrishnan says that his firm is working to train people for different jobs so they can prepare for a future where AI increases efficiency. He also says that Federal Reserve policymakers need to respond to "the persistency of inflation" and doing so on the front end would better help in the long run.
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