This is Bloomberg Businessweek daily reporting from the magazine that helps global leaders stay ahead with insight on the people, companies, and trends shaping today's complex economy, plus global business, finance and tech news as it happens. Bloomberg Businessweek daily with Carol Massar and Tim Stent event live on Bloomberg Radio, Television and Bloomberg Originals. And very good afternoon, everybody.Yes, indeed. This is Bloomberg Businessweek daily. It is another Monday. It's a Monday in July. It's rain ...

And right now we are two minutes away from the end of the trading day. Romaine Bostick alongside Katie Greipel, taking you through to that closing bell. It's a global simulcast.Carol Massar joins us from the radio studio Emily, in today for Tim Stenbeck. Welcome to our audiences across all of our Bloomberg platforms, television and radio, our partnership with YouTube here on a Monday afternoon, where we continue to see stocks push higher, led by what else. A lot of those big ship names.Carol. Yeah, right. T ...

Pretty much across the industry of technology. You see companies trying to rethink where they're spending money. A lot of this is fueled because they're spending so much on AI and building our data centers and infrastructures, that they're taking a closer look across all divisions.So today, Xbox is the one that we see really kind of getting that hammer. They laid out a plan to cut about 20% of staff over the next year. Um, and broader at Microsoft, it's a plan to cut about 6400 people.Um, again, just kind o ...

Ellen, um. You are the voice that we wanted to talk to you. What's your read on this.Is it a surprise. Does it make sense in terms of what we're seeing out of Saudi Arabia and Saudi Aramco. So I think it's interesting, um, mostly because Aramco has traditionally done most of its business, you know, in Asia in long term contracts, and they've got long term contracts for crude with Chinese refineries, Chinese petrochemicals, um, Korean, Japanese.They they've got a lot of their kind of long term contracts. The ...

SCARLET: WELCOME TO BLOOMBERG ETF IQ. >> I FEEL LIKE THE SHOW HAS A PRETTY PATRIOTIC THEME WHEN YOU THINK OF AMERICA 250 AND THE WORLD CUP. SCARLET: EVERYONE IS TIRED FROM WATCHING THE WORLD CUP YESTERDAY AND THEY WILL BE TIRED AGAIN TOMORROW BECAUSE THE USA IS PLAYING.KATIE: LET'S GET TO THE BIGGEST STORIES IN THE NEARLY 22 TRILLION DOLLAR GLOBAL ETF INDUSTRY. PRESIDENT DONALD TRUMP RANG THE OPENING BELL FOR THE NEW YORK STOCK EXCHANGE AND NASDAQ FROM THE OVAL OFFICE MONDAY, MARKING THE LAUNCH OF TRUMP ACC ...

Live from Washington, D. C. this is Balance of Power with Joe, Matthew and Kailey Lines.The Trump accounts are live. Welcome to the Monday Edition. As the new investment vehicle for children launches into the markets with $800 million in new capital being invested into the markets today, I'm Joe Matthew alongside Kailey Leinz in Washington.Thanks for joining us Kailey. It's a big day for the president. Yeah.He actually rang the opening bells sort of from the Oval Office this morning. It will end his day on ...

So people clearly eager to cash in on the AI gold rush, but just talk us through some of the lengths and some of them are quite extreme that people are going to buy more stocks. Yeah. So where's the market frenzy in full swing.People are really putting whatever idle cash they have into those stocks and also they're borrowing from brokers in margin loans and also in unrestricted loans. What what that means is people would pledge their stock holdings and ETF holdings to get more cash. They also turned to the ...

So the Aldi Finds section, I guess, apparently your fans have dubbed that the "Aisle of Shame." Right. So this is where a merchandiser has figured out something. There's like a 4-million-person Facebook group dedicated to this specific aisle.Where did this come from — this aisle. The origins of that actually goes back to our origins in Europe. If you've been to Europe, they don't have a lot of the competitors that we have here, a lot of the big box stores.So Aldi actually had a pretty big business and still ...

All I did, I asked for a review cuz I didn't think it was a foul. >> The biggest controversy of the World Cup so far has sparked fury here in Belgium. Star striker Fer and Balagan has been cleared to play in Team USA's upcoming match against Belgium after a personal appeal by Donald Trump.This made to his friend Janney Infantino, asking for Balagan's suspension to be reversed. It's a highly unusual decision by football's governing body and Belgians are lashing out, including politicians. Shame on you, said ...

DANI: WE START TO RALLY AFTER THE BEST WEEK SINCE EARLY MAY. 30 MINUTES TO GO UNTIL THE START OF CASH TRADING. "BLOOMBERG OPEN INTEREST " STARTS RIGHT NOW.DANI: IT IS A PIVOTAL WEEK FOR THE AI TRADE AS SPACEX JOINS THE NASDAQ 100, SAMSUNG REPORTS EARNING AND SK HYNIX MAKES HIS U.S. DEBUT. VONNIE: THE MARKET IS GETTING A LOOK INSIDE THE KEVIN WARSH FED WHEN THE FOMC MEETING MINUTES DROP ON WEDNESDAY. A FEW STOCKS TO WATCH.MEMORY CHIPMAKERS ARE AMONG THEM SO LET'S START WITH SANDISK LEADING THE REBOUND, UP 5. ...