Well, unfortunately, we're not dry, Tom, and that's why it's going to be so uncomfortable today. The two points across much of the eastern United States now are exceeding 70 degrees. So when you add that to an air temperature of 100, you end up feeling about 105 to 110.You can see from more or less what's taking place over the next couple of days over the eastern United States. We're dealing with heat advisories that extend from Louisiana and Mississippi all the way into the southern Great Lakes, western an ...

Gap has been on the precipice of death for years. And just as the iconic ’90s retailer had finally built momentum for a comeback, along came the tariffs. Lily Meier reports -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg T ...

AT&T has focused its strategy on connectivity through 5G wireless and fiber broadband. CFO Pascal Desroches and CEO John Stankey explain fiber’s advantage over legacy copper networks, and how the combination of fiber and 5G is more cost-efficient. Tune into this episode of Chief Future Officer tomorrow at 9:30 pm ET ...

The Federal Reserve remains squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low and the labor market is at or near maximum employment.Inflation has come down a great deal but has been running somewhat above our 2% longer run objective. We are attentive to the risks on both sides of our dual mandate. I will review the current econ ...

What do we hear, especially from our allies, about this cease fire with which they had nothing to do. Well, the president is certainly going to be met with two different viewpoints here in Europe. You have France's Emmanuel Macron coming out and saying he thinks the US strikes on Iran were illegal, even though he does believe and agrees with the United States that Iran should never have a nuclear weapon.And then you have the new German chancellor who said that what Israel did was quote, the dirty work when ...

Both silver and platinum have surged in recent weeks with silver reaching a 13-year high above $36 per ounce and platinum climbing to levels last seen in 2021. This bullish momentum is primarily driven by robust industrial demand, especially for silver in the manufacturing of solar panels and platinum in hybrid vehicle production alongside persistent supply deficits. Silver supply lagged demand by about 15% in 2024 with another shortfall expected this year.Meanwhile, platinum faces its third consecutive yea ...

Congressman, welcome back to the program, sir. Always good to hear from you. I'm going to start with a slightly provocative question.I'm paraphrasing here. Do you plan to work for this very term hotheaded person a little bit later this morning. Well, Jonathan, it's great to be with you.We look forward to having Chair Powell before the committee this morning. And I think he'll face questions on his outlook for inflation and therefore what his views are about rate cuts coming forward. I think that's the impor ...

Here's the question for me. What risks are actually worth managing at the moment. Because for a lot of people, they're being rewarded by just ignoring pretty much everything.It's amazing. John. It reminds us a bit of the talking head song, same as it ever was, just looking back a week.You saw that typical geopolitical risk management narrative playing out with the dollar briefly catching a bid. You saw oil prices obviously higher, gold getting a bid, and all of that has quickly reversed. This is one of the ...

Iran still has uh several hundred kilos of enriched uranium enriched to 60%. Uh the only purpose for uranium enriched to that level is for weapons uh uh grade. It's weapons grade material.There's no civilian purpose for material of that kind. Uh that as far as we know was not uh destroyed in the US air strike. Uh the Iranians said they had secreted it somewhere.no longer under IAEA, the International um Atomic Energy Authority, uh supervision. And so what happens to that. And can we get Iran back to the tab ...

Because the Middle East is so important for global supply and particularly the straight of hormus is so important to global supply. The reality has been that every time that we have been involved in conflict in the Middle East, the oil price have increased. It just because the market was pricing the potential of a disruption and because of the centrality of the region into the global supply, a price increase will happen almost on every time that conflict has happened there.But that hasn't happened this time ...