Bloomberg Daybreak

Can AI replace your financial advisor? LPL Financial’s CEO says no,  but it can dramatically change the job. Rich Steinmeier joined Bloomberg Open Interest to explain why trust and empathy remain critical, how AI could automate much of an advisor’s behind-the-scenes workload, and why the technology race is helping drive further consolidation across wealth management. (Source: Bloomberg)

The multifamily, industrial and office sectors are likely to set this year's pace for global real estate capital flows while AI fuels the surge in data center transaction volume. Rick Romano, Global Head of Real Estate Securities at PGIM breaks down his outlook for the market. (Source: Bloomberg)

A surge of corporate bond supply in the US high-yield market is starting to overwhelm debt investors, pushing risk premiums to the highest level in five months, according to Goldman Sachs Group Inc.’s head of credit strategy.

Wall Street’s main financial regulator is spurring the financial industry to put more effort into valuing private assets as those holdings become harder to sell and investor redemption requests surge.

A year after calling the artificial-intelligence boom the “dot-com bubble on steroids,” Rajiv Jain has abruptly reversed course.

American households are getting pickier when it comes to what they spend on, creating winners and losers in the consumer industry.

The UK was closely monitoring increased threats to a British airbase used in US strikes against Iran before an attempted attack was foiled on Sunday, people familiar with the matter said. (Source: Bloomberg)

Chi Chen, managing director and portfolio manager in BlackRock's global fixed income investment group, joins the program to discuss the sharp rise in bond yields. Global bonds are eyeing 4% for the first time since 2007, while the U.S. 30-year yield has hit its highest level since 2004. (Source: Bloomberg)

A stalemate between the US and Iran boosted oil prices, dragging down stocks and bonds on concerns that elevated energy costs could fuel inflation and trigger further Federal Reserve rate hikes. Drew Matus, Chief Market Strategist at Metlife Investment Management, discusses his market outlook. (Source: Bloomberg)

On this episode of Stock Movers: - Nvidia (NVDA) shares are up after the board of the leader in AI chips authorized an additional $150 billion under the company’s existing share-repurchase program. The move increases the total remaining amount authorized to $235 billion. - Australia’s Northern Star Resources Ltd. rejected a takeover approach from South African rival Gold Fields Ltd. that could have created the second-largest gold miner, saying the A$38.7 billion ($27.1 billion) cash-and-shares offer undervalued its business. - Roblox (RBLX) was cut to underperform from hold at Jefferies, which said the stock’s 30% rally since the gaming company’s second-quarter results in July reflects an overly optimistic view of bookings for the next 12 months. (Source: Bloomberg)

Sweetgreen Inc. shares are climbing on Monday after Wells Fargo & Co. upgraded the stock, citing the salad chain’s faster-than-expected recovery from a parasite outbreak this summer that weighed on traffic.

Merlin Entertainments Ltd.’s debt has tumbled amid investor concern that a recent £657 million ($871 million) refinancing fails to address the firm’s longer-term challenges.

While the upcoming US midterm election is one of the biggest events left on the market’s calendar for this year, derivatives pricing indicates traders aren’t expecting especially big moves in stock benchmarks.

The UK was closely monitoring increased threats to a British airbase used in US strikes against Iran before an attempted attack was foiled on Sunday, people familiar with the matter said. (Source: Bloomberg)

The latest capital reform proposal adopted by Swiss lawmakers would cut UBS Group AG’s earnings per share by 9%, RBC analysts estimated.

A Boeing Co. 787 aircraft operated by Vietnam Airlines JSC had its brakes activated twice while barreling down the runway at Munich Airport last month, leading to a perilously late takeoff and the plane’s tail striking the ground, a report found.

Bennett Schachter, a longtime banker who later joined the hedge fund Elliott Investment Management, has been hired by investment bank Centerview Partners to lead its capital advisory practice.

On this episode of the Odd Lots podcast recorded live at the Vermont Hollywood theater, real estate developer Zach Lasry joins Joe Weisenthal and Tracy Alloway to talk about homebuilding in LA and the Kafkaesque process of getting a crosswalk built in the city. (Source: Bloomberg)

For years, an overwhelming share of trading in US stocks happened on the big exchanges during daytime market hours. Powerhouses like the New York Stock Exchange and Nasdaq Inc. offered after-hours trading sessions, but activity was generally light.