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S&P Drops as Jobless Claims Climb to Three Year High | The Close 8/7/2025
Bloomberg Television· 2025-08-07 23:04
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 J.P. Morgan Private Bank’s Abby Yoder, Roth Capital Partners’ Rohit Kulkarni, Upwork’s Hayden Brown, HSBC’s Max Kettner, Soundhound AI’s Keyvan Mohajer, CRH’s Jim Mintern, CFRA’s Arun Sundaram, Robinhood’s Stephanie Guild. Chapters: 00:00:00 - Bloomberg Market: The Close 00:03:30 - J.P. Morgan Private Bank’s Abby Yoder 00:11:09 - Anthon ...
Duolingo lifts sales outlook as it widens non-language offerings#shorts #duolingo #ai
Bloomberg Television· 2025-08-07 21:48
We want to teach multiple subjects. I mean at the moment you can already learn certainly languages on Dualingo and that's what we're most well known for but you can also learn math and music and of late chess. Uh and ultimately the idea is I mean you know we're we're around 130 30 million monthly active users.Uh the idea is to have a billion people uh really learning uh useful things on their phone as opposed to doom scrolling. That's that's really what we're trying to do. just tell us where you stand in te ...
Trump Taps Miran for Fed Governor Seat Through January
Bloomberg Television· 2025-08-07 21:18
Yes, Bloomberg reporting was on the spot here, Mike, the idea of a fill in fed governor, we talked about this just yesterday. Why raid the council of economic advisors, though, for the job. Well, obviously, Myron and the president think it would be a more influential position to have him on the Fed, where he would be able to publicly criticized Fed policy if he doesn't like it and maybe help shape the policy going forward.The issue is he's got to leave the CIA. So if he does that, it seems logical that the ...
Trump on Meeting With Putin, India Tariffs
Bloomberg Television· 2025-08-07 21:01
President, Just to follow up on the India tariffs. Do you expect increased trade negotiations, you know, since you've announced the 50% tariff. No, not until we get it resolved.Mr. . President, you probably heard Vladimir Putin agreeing to a cease fire still stand tomorrow. Is that it.Fluid now that talks. What is your deadline still standing for Vladimir Putin to agree to a cease fire tomorrow or is that fluid now. It's going to be up to him and we're going to we're going to see what he has to say, what's ...
S&P Falls As Weak Bond Sale Lifts Yields | Closing Bell
Bloomberg Television· 2025-08-07 20:50
We're about 2 minutes away from the end of the trading day. Scarlet Fu and Katie Greifeld here and here to help you take you through the top. All of us taking you through the closing bell is a global sign.Is it Friday yet. Finally, I think we need it right eve it's Friday issue that is Carol Massar of course a Norah Mulinda who is in for Tim Stenovec. And of course in doing so we bring together our Bloomberg Television, Bloomberg radio crew and our YouTube audiences worldwide to parse through the most cruci ...
Fed to 'Wait as Long as Possible' on Rate Cut, John Kerschner
Bloomberg Television· 2025-08-07 20:40
Yeah. You know, it's interesting because they had that meeting right before that jobs report came out. Look, our view is the Fed is going to wait as long as possible and then probably cut by 50 basis points.Whether that's September or not, it's hard to say. But I think that that it's going to be either probably September or December. I don't think they will be able to wait much longer than that.But the Fed is in a pickle, right. Inflation is going to go up over the next couple of months with these tariffs. ...
Trump Takes Aim at Intel's New CEO
Bloomberg Television· 2025-08-07 20:25
If you want this country to be domestically capable of producing technology that leads this industry, the vehicle has to be Intel. There's no other company that's even close. Yes, they.They are not what they were. Yes, they have stumbled, but they're still the best. If you believe in the necessity of advanced semiconductor manufacturing in this country.So how are you perceiving this new added pressure here. I mean, has the CEO had enough time here to really turn around and really show a turnaround story her ...
Israel Plans to Take Full Control of Gaza, Netanyahu Says
Bloomberg Television· 2025-08-07 20:22
The news that's coming out of Israel here, Mara, is pretty remarkable. Israel intends to fully take over Gaza despite global isolation here in an attempt to end the fighting. They're under an enormous amount of pressure to accept a Palestinian state.An eviction seems to still be on the table here. President Trump was asked quite recently, it was, in fact, the 31st of July about the situation in Gaza, knowing that he has suggested removing everyone and building waterfront condos. This is the most recent take ...
Summers Says China's Xi Wins Trade War With Trump
Bloomberg Television· 2025-08-07 19:58
If a company. Talk numbers the way the federal government has been talking numbers, the FCC would be all over them for speculative numbers, not grounded in any kind of accounting. When I hear these pledges that Japan's going to invest so much in the United States, that Europe's going to invest so much in the United States, that such and such a company is going to invest so much.You don't know what they mean because you don't know what the baseline would have been. You don't know what's being counted and inc ...
Eli Lilly's Experimental Weight-Loss Pill Data Disappoints
Bloomberg Television· 2025-08-07 19:33
There may be a new obesity drug inarmacies, one that doesn't involve needles or shots. A new latestage clinical study showed Eli Liy's experimental pill cut weight by 11% in patients. But investors aren't cheering.In fact, shares fell on the news. Why. Wall Street was expecting the drug called Orphon to perform better and more in line with its injectable counterparts.For example, Novo Nordisk's blockbuster weight loss shot, WGOI, helped patients shed up to 15% of their body weight in trials. Lily's own shot ...