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Stocks Lower as Tech Selloff Deepens Ahead of CPI | The Close 2/12/2026
Bloomberg Television· 2026-02-13 00:14
The countdown is on. Everything you need to get the edge at the end of the market day. This is the close.Live from Studio two here at Bloomberg headquarters in New York. I'm Katie Greifeld. And I'm Betty Lipschultz.We're kicking you off to the closing bell here in the US. And let's start with a check on the markets and where they stand. Risk off a lot of red on the green on the screen.Nasdaq 100 down more than one and a half percent. Big laggards, Apple, Applovin and Cisco. But you are seeing a bit of a bid ...
Software Selloff Deepens on AI Fears | Closing Bell
Bloomberg Television· 2026-02-12 22:58
And we're about 2 minutes away from the end of the trading day. Bailey Lipschultz and Katie Greifeld Romaine Bostick is still on the line here to join us, though, in this simulcast suits or something, some level, something like that. You know, I talked to him yesterday.It looks like he's having a pretty good time. But anyway, that's Carol Massar. Sitting next to her is Tim Sandvik.And Carol, you take a look at this market action. It's ugly out there and it looks like the S&P 500 are going to finish just aro ...
EPA Reverses Climate Stance Underpinning Emissions-Cutting Rules
Bloomberg Television· 2026-02-12 22:28
Under the process just completed by the EPA, we are officially terminating the so-called endangerment finding, a disastrous Obama era policy that severely damaged the American auto industry and massively drove up prices for American consumers. Prices went up incredibly for a worse product. This action will eliminate over $1.3% trillion of regulatory cost and help bring car prices tumbling down dramatically.You're going to get a better car. You're going to get a car that starts easier, a car that works bette ...
Navarro Demands Dimon Lower Credit Card Interest Rates
Bloomberg Television· 2026-02-12 22:25
Peter Navar, you didn't answer my question. We came up, we had liberation day, we had No, you did not. We had an question was what will satisfy Peter Navar and I said when the trade >> what is the optimum what is the optimum blended tariff rate.James Diamond wants to know that. Brian Moahan wants to know that. Um Solomon over at Goldman Sachs wants to know that.and the people in the first congressional district of Iowa. Where are we heading as these exemptions come in. Do you see a 7% optimal tariff rate, 4 ...
How Trump Accounts Stack Up Against Other Investment Vehicles
Bloomberg Television· 2026-02-12 22:13
What is a Trump account. >> The idea is that every child should have um money invested and that that will over their lifetimes um make them wealthier. It'll help them build wealth um narrow the wealth gap.Um you start with $1,000 and then that that the thousands is coming from the federal government. But the the other thing that they're hoping people do is that they're hoping employers pitch in on behalf of their um their employees kids. Um they're also hoping that philanthropists step up and Michael Dell d ...
Chris Wright: US is dulling China and Russia’s oil clout in Venezuela
Bloomberg Television· 2026-02-12 22:00
The Trump administration’s push for companies with US ties to play a leading role in rebuilding Venezuela’s oil sector will erode the influence of China, Russia and Iran in the South American nation, Energy Secretary Chris Wright said ...
Waymo Co-CEO on the Road to 1 Million Robotaxi Rides a Week
Bloomberg Television· 2026-02-12 21:42
You've just raised 16 billion dollars. It's a lot of money. What does it unlock for Whimo over the next 12 24 months.>> Raising the $16 billion and at the $126 billion valuation, it's really a vote of confidence. >> I mean, this team has been heads down for a long time trying to bring this sort of scientific project into reality and at scale. And so it's a huge vote of confidence not only from our majority investor Alphabet but also from our co-lead investors Sequoia and DST and Dragon as well as a host of ...
Coinbase Loss Has Silver Linings, Benchmark's Palmer Says
Bloomberg Television· 2026-02-12 21:38
It's been a rough start to this year for this company. But I have to imagine when you pass through some of the fourth quarter numbers when it comes to transactions and revenue, that given the slump that we've seen across crypto, maybe this wasn't too surprising. Well, it shouldn't have been surprising.I mean, there's quite a bit of transparency with regard to spot trading volumes in particular and across its whole platform. So, you know, we had anticipated that the fourth quarter numbers would be soft. But ...
Tech Selloff Hits Stocks, Gold & Bitcoin Tumble | Bloomberg Businessweek Daily 2/12/2026
Bloomberg Television· 2026-02-12 21:18
>> 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 TED STENOVEC -- TIM STENOVEC.CAROL: GOOD AFTERNOON, EVERYONE ACROSS BLOOMBERG PLATFORMS. THIS IS BLOOMBERG "BUSINESSWEEK DAILY" FOR THIS THURSDAY. TIM: I HAVE BAD NEWS.IT IS FEBRUARY 12. CAROL: MAYBE I WANT TO ...
AI 'Scare Trade' Hits Real Estate Stocks
Bloomberg Television· 2026-02-12 21:09
Very much feels like the market is just taking a look around at any possible sector that could be disrupted by. Selling first, asking questions later. It's wild.I think that's the perfect context to talk about them. It's like a wrecking ball. Every day is pointed out a new sector and some commonalities between them all.It's that, you know, sort of high cost intermediary business. You know, in the case of CBRE, you know, part of their business, a big part of their business, ABC's managing the properties but ...