Bessent Says China Tariff Status Quo 'Working Pretty Well'
Bloomberg Television· 2025-08-20 19:54
Suzanne, It sounds like canned kicking might become the new policy. Well, very much so. I mean, we know that this trade truce, if you like, has recently been extended until November.And those comments there from the treasury secretary suggest that there is no rush to change things before then. And as you said there, it's working well as I see it. And I think the real focus now is whether a planned possible summit between President Trump and Jingping takes place before the end of the year.We're expecting tha ...
Google will prove it's one of the beneficiaries of the growth in generative AI: Evercore's Mahaney
CNBC Television· 2025-08-20 19:52
Joining us now, Evercore ISI's head of internet research, Mark Mahaney. Mark, you obviously just heard Steve, you know what they rolled out at the made by Google event. Does it change your view on Alphabet at all.>> No, I'm sorry it doesn't. Uh, but there is the the point I think that Steve was making and I think correctly is that the play here really is Gen AI and whether Google is um roadkill or or the whatever the opposite of roadkill is. And I think they're the opposite of roadkill. I I think that's bee ...
BofA’s Tech Chief Says AI Delivers Returns for the Bank
Bloomberg Technology· 2025-08-20 19:51
There is more nuance to that MIT report than the market is giving credence to. Basically, it's saying, look, if you just try to make it up and perhaps build some catchy beat like product yourself, it didn't always work. But what have you been doing internally to make things work for Bank of America.Yeah, great. Thanks for having me. And look, we get to serve 70 million clients every single day, and Asia is not new to us.It's been part of our journey. So if I could offer you some sound bites of what we've se ...
Bonds hold steady following Fed minutes
CNBC Television· 2025-08-20 19:51
All right, welcome back. The July Federal Reserve minute shedding a little bit of light into the committee's conversations about where interest rates might go. Two members calling for cuts and now the focus of course shifting to Federal Reserve Chairman Jerome Powell speech in Jackson Hole, Wyoming.Rick Santelli joining us now. Rick, you put out a note to us internally about this. On one hand, they're talking about inflation and on the other hand, they're talking about weaker jobs.That's a tough combo. It i ...
Google Rolls Out New Pixel Phones, Watch, Earbuds
Bloomberg Technology· 2025-08-20 19:47
There were quite a number of celebrities alongside Big Oslo. I mean, just an array of fabulous people coming on to talk about the latest hardware. But for me, the takeaway was the I was Gemini, just interweave between everything.Is this the showcase. Is this why you have hard work to just show off what Gemini can do. Yeah, I think that's a big part of it. I mean, Gemini is a huge part of Google strategy.We've made so much progress with it. We've got the best models around. We have the best AI assistant.We'r ...
Investors Question Valuations in AI Trade
Bloomberg Technology· 2025-08-20 19:43
I mean, what a difference a couple of days makes. What do you make about this sudden evaluation. Anxiety.Yeah. Good morning. In some ways, it's expected.You can't expect everything to go up all the time. I do think that there is something to be said about the month of August being special in a seasonal way. But the other thing is there are people who are taking gains.There's also when there's fear that comes into the markets, usually the ones that are casualties first are the ones with the highest valuation ...
Just dropped today! The Google Pixel Buds 2a are here
Google· 2025-08-20 19:38
Listen to that. Meet the new Pixel Buds 2a 🎧 Active noise cancellation 🤖 AI-powered help from Gemini 🔋 All-day battery life All for $129. #Pixel #MadeByGoogle #GoogleGemini ...
Divided Fed worried about tariffs, inflation and the labor market, minutes show
CNBC Television· 2025-08-20 19:30
That's right, Brian. The Fed minutes indicate a somewhat divided open market committee here. Here's what they say from this July meeting.Participants generally pointed to risks to both sides of the committee's dual mandate. A majority, they say, of participants judged the upside risk to inflation as the greater of the two risks. Remember, it's inflation versus jobs for the Fed.Several participants, however, viewed the two risks as roughly balanced. and a couple of participants consider downside risk to empl ...
Donald Trump looms large over Fed Jackson Hole Meeting #politics
Bloomberg Television· 2025-08-20 19:21
15 years into his time on the Fed, half of which he's been in charge, J. Paul makes his last appearance as chair at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming. This time, he's not coming alone.>> He's a terrible Fed chair. I was surprised he was appointed. >> I don't know who.>> Donald Trump, president of the United States and a man with a B in his bonnet about Chairman Powell. He'll be the unseen presence in the room when the chair speaks. Trump's new budget bill means the gov ...
White House debuts on TikTok with its official account
NBC News· 2025-08-20 19:16
White House is officially on Tik Tok. The account launched yesterday and has already has more than 100,000 followers. Meanwhile, the app's future in the US is still unclear.In June, President Trump extended the deadline for Bite Dance, Tik Tok's parent company, which was based in China, to devest or to sell the app. That deadline is currently September 17th. ...