Bloomberg
US GDP Rises by a Revised 2.1% in Second Quarter
US gross domestic product rose at a downwardly revised 2.1% annualized pace in the second quarter. Meanwhile, household spending was revised higher, to a 1.7% pace. Bloomberg's Michael McKee reports on "Bloomberg Surveillance."
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Bloomberg
Job Openings Decline as Consumer Confidence Also Falls
US job openings fell in July by more than expected to a more than two-year low. US consumer confidence also fell by more than forecast in August. Mike McKee reports on "Bloomberg Markets."
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Bloomberg
Morgan Stanley's Simonetti Sees Low, Single-Digit Growth
Morgan Stanley Private Wealth Management Senior Vice President Katerina Simonetti says the drop in US consumer confidence wasn't entirely unexpected during an interview with Alix Steel and Dani Burger on "Bloomberg Markets."
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Bloomberg
Jared Bernstein Talks Inflation, Jobs and Bidenomics
US Council of Economic Advisors Chair Jared Bernstein discusses the state of the US economy and the GOP's criticisms of Bidenomics with Joe Mathieu and Annmarie Hordern on the sidelines of the Federal Reserve Bank of Kansas City's annual...
Bloomberg
Franklin Templeton's Tan On Asia Investment Strategy
Franklin Templeton Institute APAC Investment Strategist Christy Tan thinks the path for China to loosen monetary policy has widened. She speaks with Yvonne Man and Rishaad Salamat on "Bloomberg Markets: Asia".
Bloomberg
UK Latest: Retail Sales Fall More Than Expected
Retail sales in the UK fell more than expected last month. A spell of cool and rainy weather kept people out of shops. Lizzy Burden reports on Bloomberg Television.
Bloomberg
Travel + Leisure CEO Expects Airfares to Stay High
Travel + Leisure CEO Mike Brown says long-haul travel to Europe was very strong this summer. He says people are taking more cruises now and airfares will likely stay elevated. He's on "Bloomberg Markets: European Close."
Bloomberg
Consumers Have a Positive Inflation Outlook: UMich's Hsu
University of Michigan Surveys of Consumers Director Joanne Hsu discusses the key takeaways from the latest consumer sentiment survey with Guy Johnson and Alix Steel on "Bloomberg Markets." US year-ahead inflation expectations...
Bloomberg
UBS' Brown Says Hawkish ECB Behind Euro's Strength
Evan Brown, head of multi-asset strategy at UBS Asset Management, discusses the outlook for the euro on "Bloomberg Surveillance."
Bloomberg
China Needs Fiscal Stimulus, Standard Chartered Says
Daniel Lam, head of equity strategy at Standard Chartered Wealth Management, talks about China's economy, the government's policies and stocks. Lam says Chinese equities have the appearance of a "high convexity" trade, i.e. limited...
Bloomberg
China Deflation Threat Grows as Companies Cut Prices
Instead of rapid price gains predicted by some economists at the beginning of the year, China is experiencing a rare period of falling prices. Stephen Engle reports on Bloomberg Television.
Bloomberg
Markets in 3 Minutes: US Recession Likely Coming in 4Q
Mark Cudmore and Dani Burger break down today's key themes for analysts and investors on "Bloomberg Markets Today."
Bloomberg
China in Year of 'Middling Recovery': China Beige Book
Shehzad Qazi, managing director at China Beige Book International, discuses the state of the world's second-largest economy, its outlook and the government's efforts to support growth. China is seeking to boost consumption but the...
Bloomberg
US GDP Growth Unexpectedly Rose in Second Quarter
Gross domestic product rose at a 2.4% annualized rate after a 2% pace in the previous three months. US jobless claims fell further and the core PCE price index was below expectations. Mike McKee has the numbers on "Bloomberg...
Bloomberg
Retail Sales Edged Higher in June by Less Than Forecast
The value of retail purchases rose 0.2% in June after an upwardly revised 0.5% increase in May. Excluding autos and gasoline, sales climbed 0.3%. Mike McKee reports on "Bloomberg Surveillance."
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Fed Policy Isn't That Restrictive, Vanguard's Davis Says
Joseph Davis, global head of Vanguard's Investment Strategy Group (ISG), says the labor market needs to loosen or the US will still have an inflation problem at the end of the year on "Bloomberg Markets: The Close."
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First Look With Surveillance: China Softens, Xi Urges
Guy Johnson and Kriti Gupta take you through what to watch today.
Bloomberg
JPMorgan's Hui: Fixed Income Has Role to Play in 2H
"In the second half, fixed income still has a role to play." Tai Hui, chief market strategist for Asia Pacific at JPMorgan Asset Management, discusses the US economy, his investment strategy and his outlook for bonds. He speaks on...
Bloomberg
Fed's Preferred Inflation Measures Cool, Spending Stalls
The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed. Consumer spending, adjusted for prices, was little changed after a downwardly revised 0.2% gain in April. Mike McKee breaks down the...
Bloomberg
Ayala Cautiously Optimistic on Consumption for Rest 2023: CFO
Alberto De Larrazabal, chief financial officer and chief sustainability officer at Ayala Corp., discusses the company's funding plans, consumer spending in the Philippines and his outlook for monetary policy. He speaks exclusively on...
Bloomberg
Is Restaurant Spending in US Leveling Off?
Consumer spending in the US may be starting to level off. The latest data actually shows inflation-adjusted spending falling for the first time since 2021. Simone Foxman reports on Bloomberg Television.
Bloomberg
Inflation Drop Boosting Consumer Sentiment: 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.". Americans expect prices will climb at an...
Bloomberg
UMich Data Show Short-Term Inflation Expectations Fell
Americans expect prices will climb at an annual rate of 3.3% over the next year, down from the 4.2% expected in May, according to the preliminary June reading from the University of Michigan. Mike McKee reports on "Bloomberg...
Bloomberg
US Retail Sales Unexpectedly Rose in May
The value of retail purchases climbed 0.3% after a 0.4% gain in April. Initial jobless claims remain unchanged at 262,000. Mike McKee reports on "Bloomberg Surveillance."
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