ANNOUNCER: THIS IS "THE CLOSE." ROMAINE: WHAT’S A MERE $40 TRILLION AMONG FRIENDS. LIVE FROM STUDIO 2 HERE AT BLOOMBERG HEADQUARTERS IN NEW YORK, I’M ROMAINE BOSTICK. >> AND I’M SALLY BAKE WELL AND WE’RE KICKING YOU OFF TO THE CLOSING BELL HERE IN THE U.S. SO, FIRST OF ALL, LET’S GET A CHECK ON THE MARKETS AS THEY NAVIGATE THIS HIGH STAKES DIVERGENCE BETWEEN BIG BOX RETAILER EARNINGS, WEAKER THAN EXPECTED JOBS DATA, AND OF COURSE THE TREASURY’S BOND BUYING MANEUVERS.SO LET’S SEE, FIRST OF ALL, WE HAVE THE S ...

ANNOUNCER: 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 KARL KRL AND TIM STENOVEC -- CAROL MASSER AND TIM STENOVEC.LIVE ON BLOOMBERG RADIO, TELEVISION, AND BLOOMBERG ORIGINALS. CAROL: A VERY GOOD AFTERNOON, EVERYBODY. YES WE ARE ACROSS BLOCK PLATFORMS.CAROL MASSER ALONG WITH ...

Market Trends & Macroeconomy - Dow Jones Industrial Average dropped more than 600 points due to rising Treasury yields and Walmart share declines[1] - US national debt surpassed $40 trillion, raising fiscal sustainability alarms[3] - Bitcoin surged 12% over two days amid push for the Clarity Act[8] Corporate Performance & Earnings - Walmart stock tumbled 9% after reporting slowing sales growth and cautious consumer spending despite raising its full-year outlook and receiving a $2.9 billion tariff refund[2] - Charter Communications completed a $34.5 billion acquisition of Cox[5] - Anthropic reached a $65 billion revenue run rate and prepared for an IPO[5] Industry Investment & Strategic Updates - Biotechnology companies Madna and Merck reported positive late-stage trial results for their melanoma cancer vaccine[4] - Micron Technology announced a $50 billion investment to expand Idaho operations[9] - Starbucks filed a layoff notice affecting over 200 jobs at its Seattle headquarters[9]

🚨 ALERT: Walmart shares fell more than 9% in their biggest daily drop since 2022 after weaker-than-expected earnings, wiping about $80 billion from its market value. https://t.co/irc7wn74OD ...

Yeah, I think it's really the US same store sales myth. So when you look at that number and you look at why they missed, I think the misses largely due to the pharmacy deflation issue. And that issue isn't a one time issue.It's not going away just this quarter, last quarter of the 100 basis point impact to the comp sales this quarter was 125. Basis point had been so clearly increasing. And the worry is for the next two quarters, you'll continue to see that headwind.And if trends continue, it could be even m ...

Monetary Policy & Central Bank Dynamics - Federal Reserve Chair Kevin Warsh prepares for his debut at Jackson Hole amid market scrutiny over long-term yield control [2][4] - San Francisco Fed President Mary Daly affirms that monetary policy remains in a good restrictive place to steer inflation back to the 2% target [10][37][39] - Federal Reserve discussions consider reducing the frequency of policy meetings from 8 down to 6 times per year to optimize data alignment [105][106] Treasury & Government Debt Markets - U.S. 30-year Treasury yield peaks at 5.33%, marking the highest level since 2007 before retreating slightly [6] - U.S. public debt reaches a landmark milestone of 40 trillion dollars, driven largely by entitlement expenses and interest costs [26][27] - U.S. Treasury Secretary Scott Bessent announces plans to increase buybacks of longer-dated debt, starting with initial buybacks of 4 billion dollars and quarterly operations sized at 32 billion dollars [1][11][13] - Texas municipal borrowing costs trade at an average of 0.3% (or 30 basis points) higher than California, translating to an additional 3 million dollars annually for every 1 billion dollars borrowed due to anti-ESG legislation [93][97] Corporate Credit & Private Market Trends - Moody's highlights that the volume of private debt has surged to 481 billion dollars, prompting calls for stricter regulatory oversight on private credit ratings [45] - Alphabet issues debut Aussie dollar "Kangaroo bonds" at a yield just under 7% to fund capital expenditures [56][59] - Hyperscaler public debt issuance targets 250 billion dollars for the year, with current totals reaching 220 billion dollars [67]

I'm Peter Shaknau, CNBC. The market's Wednesday rally is now a distant memory with rising Treasury yields, higher oil prices, and a Walmart sales shortfall, all contributing to the worst day of August for the Dow and S&P 500. The Dow tumbled 704 points to close at 52,759.The S&P 500 fell 67 points or 9/10en of a percent and the Nasdaq lost 1% or 264 points. Those rising crude prices may be one reason why treasury yields have bounced back. But there's another according to Kelsey Barrow, fixed income portfoli ...

And right now we are two minutes away from the end of the trading day. Romaine Bostick here with Sally Bakewell taking you through to that closing bell. It's a global simulcast.Carol Massar joins us from the radio booth. Emily Griffel in today for Tim Sandvik. Welcome to our audiences across all of our Bloomberg platforms.Television, radio. Our partnership with YouTube here on a Thursday afternoon, where bond yields are up and stocks are down about Carol Massar stocks as we speak, hitting session lows. Yeah ...

>> LIVE FROM WASHINGTON DC, THIS IS BALANCE OF POWER WITH JOE MATHIEU AND KAILEY LEINZ. >> PRESIDENT TRUMP SAYS THE U.S. IS WAGING ECONOMIC WARFARE AGAINST IRAN WHILE THE TREASURY SECRETARY WAGES A WAR OF HIS OWN AGAINST HIGHER LONG-TERM RATES. WELCOME TO BALANCE OF POWER. I'M KAILEY LEINZ IN WASHINGTON WHERE THE TREASURY SECRETARY SAYS HE WILL HOLD A PRESS CONFERENCE ON MONDAY ON THE ECONOMIC LEVERS THE U.S. IS GETTING READY TO POLL TO BRING TEHRAN TO HEAL. HE ALSO SUGGEST THE BIGGER BUYBACKS THE TREASURY ...

Earnings out this week from big retailers like Walmart and Target show American consumers keep spending — but they're feeling the pressure https://t.co/oI0ep1ZRST ...