Bloomberg
BofA CEO Moynihan Doesn't Expect US Recession
Bank of America Chair and CEO Brian Moynihan says the US economy is "reaching a pretty good equilibrium" between the consumer and the Federal Reserve during an interview with David Westin on "Wall Street Week Daily."
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Bloomberg
Indian Consumers Splurge Big on Festive Season Sales
Consumers in India are splurging on cars, smartphones and TVs amid a festive season, which usually runs for several weeks until the Hindu religious holiday of Diwali. Ruchi Bhatia reports on Bloomberg Television.
Bloomberg
Remy Slashes Annual Sales Forecast on Weak US Demand
Remy Cointreau SA said it expects organic sales to fall by 15% to 20% this year, pushing shares to a three-year low with the French distiller citing weaker-than-expected US demand for its high-end spirits. Andy Hoffman reports on...
Bloomberg
Fed's Preferred Measure of Underlying Inflation Jumps
The core personal consumption expenditures price index, which strips out the volatile food and energy components, rose 0.3% in September, according to the Bureau of Economic Analysis report. Inflation-adjusted consumer spending jumped...
Bloomberg
Hong Kong Economy Set to Resume Growth This Year: Chief Executive Lee
Hong Kong Chief Executive John Lee discusses the state of the city's economy and its outlook as he delivers his policy address. (Excerpt)(His remarks are translated)(Source: ITC)
Bloomberg
AlphasFuture's Sharma on Market Outlook
Geetu Sharma, Founder and Investment Manager of AlphasFuture, discusses the impact of geopolitical uncertainty on global markets. She speaks with Shery Ahn and Haidi Stroud-Watts on "Daybreak Asia".
Bloomberg
Consumer Worries About Inflation Are Rising: UMich's Hsu
University of Michigan Surveys of Consumers Director Joanne Hsu discusses the key takeaways from the latest consumer sentiment survey with Alix Steel and Guy Johnson on "Bloomberg Markets."
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Bloomberg
New Zealand Property, Consumer Stocks in Focus as Election Nears
Consumer and property stocks are going to be in focus in New Zealand as the nation heads to the polls on Saturday. Investors are going to be watching for any changes in policy for sectors like consumer, agriculture and construction....
Bloomberg
Golden Week Data Encouraging for China's Economy: Zhi
"We are seeing more encouraging signs emerging for the Chinese economy." Xiaojia Zhi, chief China economist at Credit Agricole, discusses China's Golden Week Holiday, the travel and tourism data for the first 3-5 days of the holiday and...
Bloomberg
Kolanovic Says Soft-Landing Talks Resembles 2007 Cycle
Investor cheer around a looming end to the Federal Reserve's interest-rate hikes, consumer resilience, labor-market strength and prospects for an economic soft landing are similar to sentiment in 2007 ahead of the global financial...
Bloomberg
US Core PCE Rises at Slowest Monthly Pace Since Late 2020
The core personal consumption expenditures price index, which strips out the volatile food and energy components, rose 0.1% in August, the slowest monthly pace since late 2020, while consumer spending and income both saw a gain of 0.4%....
Bloomberg
BlackRock CEO Fink Sees US Avoiding Recession Until 2025
BlackRock CEO Larry Fink says the US has "a very vibrant economy" and may not enter a recession until 2025. He made the comments during a conversation with Bloomberg's Dani Burger at the Berlin Global Dialogue forum.
Bloomberg
Nike Uses Discounts to Clear Out Inventory
Michael Wolf, managing director at Activate, says Nike has been trying to burn off inventory. Revenue of nearly $13 billion missed estimates for the quarter that ended Aug. 31. He's on "Bloomberg Markets: The Close."
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Fed's Barkin: Too Soon to Make Call on Rates
Federal Reserve Bank of Richmond President Thomas Barkin said it's too soon to know if another rate increase will be needed, noting that headwinds from a potential government shutdown could create more uncertainty for the economy. He...
Bloomberg
US Economy: 2Q Spending Slumps, GDP Unrevised at 2.1%
U.S. personal consumption was revised downward to 0.8% in the second quarter from a previous reading of 1.7% as economic growth rose at an unrevised 2.1 in the three months from April to June. Initial jobless claims increased slightly...
Bloomberg
Sen. Whitehouse: Very Good Chance of US Government Shutdown
Senator Sheldon Whitehouse, (D) Rhode Island, says there is a "very good chance" of a government shutdown. He speaks on "Balance of Power."
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Bloomberg
There's a Real Consumer Spending Issue: Sarah Hunt
Sarah Hunt of Alpine Saxon Woods expects weaker consumer spending to impact earnings. She's on "Bloomberg The Open."
Bloomberg
China Stocks May Have Bottomed, UBS Says
James Wang, head of China strategy at UBS Investment Bank Research, explains why he thinks China's equity market may have bottomed. He speaks with David Ingles, Yvonne Man and Rishaad Salamat on "Bloomberg Markets: Asia."
Bloomberg
The Key Takeaways From UMich's Consumer Sentiment Index
University of Michigan Surveys of Consumers Director Joanne Hsu discusses the key takeaways from the latest consumer sentiment survey with Alix Steel and Guy Johnson on "Bloomberg Markets."
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Bloomberg
Yum China Sees Opportunity to Grow Aggressively, CEO Says
Joey Wat, chief executive officer of Yum China Holdings Inc. which operates KFC, Pizza Hut and Taco Bell restaurants in China, discusses her growth strategy. Yum China said this week the company is accelerating store expansion as the...
Bloomberg
RBC's Calvasina Is Bullish on the Energy Sector
Lori Calvasina, RBC Capital Markets head of US equity strategy, says she's still bullish on energy stocks. She says valuations are very compelling and earnings revisions are starting to improve.
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Bloomberg
MLIV Pulse: What's your outlook for US personal consumption through the end of this year?
During this week's MLIV Pulse survey, Bloomberg TV guests respond to the question: What's your outlook for US personal consumption through the end of this year?
Bloomberg
Tech, Consumer Stand Out in China Earnings Season
Earnings from China's communication services and consumer discretionary sectors have helped offset disappointments elsewhere, notably at troubled real estate firms, according to data compiled by Bloomberg Intelligence. Lianting Tu...
Bloomberg
China Beige Book: Parts of Economy on Track for Rebound
Shehzad Qazi, managing director of China Beige Book International, discusses the state of the world's second-largest economy and its outlook. "Even as some financial media report of China's imminent collapse, China Beige Book's real-time...