Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence, joined Bloomberg's Paul Sweeney and Scarlet Fu to talk about the state of the oil and trade market as the US and Iran continue talks.
Iran and the US appeared far apart on a new ceasefire deal or the reopening of the Strait of Hormuz, with Tehran saying it’s sticking to a proposal US President Donald Trump has rejected.
Tehran made an offer to reopen the strait within seven days if Washington makes some concessions, which it hasn’t specified. Its leaders have previously said the US must lift a naval blockade and oil sanctions for there to be any progress on allowing more ships through the vital waterway. (Source: Bloomberg)
Getty Images Holdings Inc. is holding confidential talks with lenders about injecting new money into the cash-strapped company, potentially through a debtor-in-possession loan, according to people familiar with the situation.
A Zambian state firm has accused Abu Dhabi’s International Resources Holding of breaching agreements under which the Emirati company acquired control of the Mopani copper mining complex in early 2024.
Gold is sinking as oil spikes, real yields rise, and markets price in more Fed hikes—even as China, Asia, and emerging‑market central banks quietly load up on bullion. In today's metals spotlight , Nicky Shiels, MKS Pamp Head of Research and Metals Strategy joins us to unpack gold’s short‑term pain, long‑term bullish case, and why retail money has ditched gold for speculative AI stocks. (Source: Bloomberg)
Man Group Chief Market Strategist Kristina Hooper warns that surging long-end Treasury yields threaten to topple the two pillars propping up US economic growth: AI capital expenditures and consumer spending. She speaks on "Bloomberg The Open." (Source: Bloomberg)
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.
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)
