I'm Tyler Kendall here at the CFTC, and I'm joined now by the chair and CEO of the Intercontinental Exchange, Jeff Sprecher. Mr. . Sprecher, thank you so much for joining us here on Bloomberg.And you were there at the white House yesterday. Are you there with President Trump for this event, where he was really trying to push for the passage of the Clarity Act. I'm wondering if you can outline for me what would passage of clarity unlock for you.Um, well, one of two things that would obviously provide legal c ...

Legislative and Regulatory Dynamics - The Senate is scheduled to vote on the Clarity Act regarding crypto asset market structure on September 15th [1][2] - The CFTC is prepared to unilaterally utilize existing statutory authority to implement crypto market structure regulations if the legislation stalls [4][5][6] - The agency plans to pursue legal strategies all the way up to the Supreme Court to defend its exclusive jurisdiction over derivatives and event contracts [18][19] Market Enforcement and Compliance - The CFTC is actively policing prediction markets and political event contracts for insider trading, fraud, and market manipulation under its exclusive jurisdiction [13][14] - Contracts involving war, terrorism, assassination, and gaming are subject to special rules and evaluation to ensure alignment with the public interest [24][25] Emerging Commodity Markets and Infrastructure - The agency is collaborating with the Department of Commerce to establish regulatory frameworks and transparent benchmarks for compute markets, viewed as the digital oil of the technological revolution [28][29][30] - A request for comments on compute futures has been issued with a comment window of 30 to 45 days, and updates are expected within the next couple of months [31][32]

When we consider this buyback program the larger one announced by the Treasury just two weeks after its initial quarterly refunding announcement. Obviously, trying tactically to rein in long end deals, it is a. Is it a coincidence in your mind that that was announced on the same day.Our national debt crossed $40 trillion. You know, I don't know if markets respond to exact thresholds like that, but certainly big picture. We have an enormous amount of capital being drained by the government. At the same time ...

Terry, we're glad we got you here today. Thanks so much. Thanks for having me.You know, six months since you took the job, came to Frisco. Bit of a different job from being the chief marketing officer of UnitedHealth Group to now running PGA of America headquarters here in 2022. What do you think so far.I love it. It's been great to be part of the PGA of America. I was involved before on the board, but seeing it obviously from a very different seat.Uh, it's, uh, it's a great time to be in golf. Golf has nev ...

Market Trends & Macroeconomic Environment - Long bond yields and structural factors are driven by fiscal sustainability, geopolitical rebalancing, and massive artificial intelligence investments for the industrial renaissance[2] - The long bond yield increase is a global phenomenon rather than just a US occurrence, focusing policy calibration primarily on the short end[3] - The Treasury Department's long-end yield curve moves include a rise of close to 7 basis points on 30-year bonds, while S&P 500 equity futures trade lower by 0.6%[17][18] - Inflation has remained above the target for more than 5 years while the labor market maintains a low-hiring and low-firing environment[12][31] Monetary Policy & Federal Reserve Stance - The Federal Reserve's primary objective remains restoring price stability and bringing inflation back down to the 2% goal[3][21] - Policy is currently maintained at a slightly restrictive level, with officials supporting the July hold while evaluating upcoming inflation and labor market data[9][11] - Financial markets have priced in additional tightening on the shorter end of the yield curve, reacting appropriately to softer inflation and labor data[6] Industry Dynamics & Corporate Sentiment - Businesses remain cautiously optimistic beyond the artificial intelligence sector, viewing current developments as a new industrial revolution[27] - Artificial intelligence demand and data center buildouts are driving technology sector investments without causing broad spillover into general consumer price inflation yet[14][35][36]

A personalized mRNA cancer [music] vaccine developed by Madna and Merc has achieved a major milestone in a latestage [music] clinical trial. Combined with Merc's amunotherapy drug Kitruda, the custom shot helped reduce the recurrence of melanoma and [music] slowed its spread to other parts of the body compared to Kitruda alone. Scientists [music] analyzed each patients tumor sample to create a tailored shot targeting [music] up to 34 unique mutations, training the immune system to hunt down remaining cancer ...

Fishing is big business. In America in 2025, 57 million people went fishing. That's up from about 50 million in 2019 due to a co era boom in the sport.It's also big money for western states. Climate change's effect on snowpack has long been a wintertime problem for the outdoors industry. Now it's a summertime problem, too.As states impose fishing restrictions and clients cancel trips, guides, outfitters, and local economy is dependent on people who come to play on the water are feeling the impact. So, it's ...

A campaign of Russian attacks on Ukrainian ports in the Black Sea have virtually halted all grain shipments. The ports usually account for about 90% of Ukraine's green exports, and the strikes have caused a severe setback for the country's economy. Bloomberg's Pyotr Kozlov is joining us here in studio this morning to talk about this.Pyotr, tell us what this means for Ukrainian farmers. Well, Ukrainians farmers are suffering this year, especially dramatically, given that the strikes from Russia has intensifi ...

The Treasury Secretary, Scott Bensent, taking action to lower long term government bond yields as the US debt pile tops $40 trillion for the first time, the Treasury saying it would at least double its planned buybacks of 10 to 30 year debt. Politics. Todd Kendall joins us now from Washington for Mark in Montana.Hey, John. Good morning. While all of this is becoming a politically fraught issue as finance and courts feed through to the broader economy.Now, we've heard the Treasury Secretary, Scott Benson, pr ...

US equity futures waver and a rebound in long-dated Treasuries loses steam following US Treasury's announcement of plans to increase buybacks of longer-dated debt. US public debt hits $40 trillion for the first time. President Trump threatens an “economic D-Day” against Iran, targeting Tehran's trading partners. Sophie Huynh of BNP Paribas Asset Management discusses the market impact of the Treasury's buyback plans. Chapters: 00:00:00 - Bloomberg Brief Begins, 00:00:44 - Global Market Check: Global Markets ...