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Stocks Shrug Off Powell Rumors | The Close 7/16/2025
1:30:04
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Bloomberg Television
Stocks Shrug Off Powell Rumors | The Close 7/16/2025
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Federal Reserve Former Vice Chair Lael Brainard, Citi’s Scott Chronert, Baird’s David George, Prologis’s Hamid Moghadam, Tether’s William Quigley, Envestnet’s Dana D’Auria, BD8 Capital Partner’s Darbara Doran, Former Fed Governor Betsy Duke, Raymond James’ Sunaina Sinha, Recognize’s Charles Phillips, Wedbush Securities’ Alicia Reese. Chapters: 00:03:09 - Trump Firing Powell Likely “Illegal:” Brainard 00:12:39 - Citi's Chronert on US Stock Trade 00:18:07 - A Lot of “Good Volatility” for Banks in Q2: George 00:23:22 - Moghadam on Impact of Trump’s Tariffs on Prologis 00:30:37 - Tether Co-Founder on Crypto Legislation 00:37:04 - Don’t Expect Fed Moves In July: D’Auria 00:57:14 - We Will Start Seeing Discounting in Domestic Travel: Doran 01:02:07 - Talk of Removing Powell Doesn’t Accomplish Anything: Duke 01:08:56 - Policy Stability Is Absolutely Critical for Markets: Sinha 01:15:48 - Business World Would Work With Mamdani: Phillips 01:26:12 - Expect Netflix to Beat Earnings Expectations: Reese -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 16, 2025
President Trump Denies Reports of Firing Powell | Balance of Power: Late Edition 7/16/2025
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Bloomberg Television
President Trump Denies Reports of Firing Powell | Balance of Power: Late Edition 7/16/2025
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Bill Pulte, Federal Housing Finance Agency Director discusses whether or not he wrote a draft letter to President Trump about firing Federal Reserve Chair Jerome Powell. Senator Elizabeth Warren (D-MA) says Federal Reserve Chair Jerome Powell's successor needs to be independent and not from President Donald Trump's administration. Rep. Raja Krishnamoorthi (D-IL) shares his concerns on Nvidia being able to sell their H20 chips in China stating it's inconsistent with the Trump Administration. Chapters: 00:00:00 - Balance of Power: Late Edition Begins 00:01:15 - Annmarie Hordern on Pres. Trump & Powell Latest, Trump Denying Plans to Fire Fed Chair Powell 00:04:12 - Romaine Bostick on Stocks Climb as Trump Denies Plan to Fire Powell 00:05:44 - Bill Pulte, Dir. of Fed. Housing Finance Agency, on Whether or Not He Wrote Letter to Trump About Firing Powell, Why Powell Should Resign 00:15:10 - Erik Wasson on Crypto Week in Limbo With House GOP Members, Senate Braces for Rescissions Vote-A-Rama 00:18:30 - Sen. Elizabeth Warren (D-MA) on Next Fed Chair Needs to be Independent & Outside Trump Admin., Crypto Legislation Stalls & Rescissions Vote-A-Rama 00:28:02 - Michael McKee on Legally Can President Trump Fire Jerome Powell, Would This Effect Monetary Policy 00:31:58 - Michael Shepard on Pres. Trump Softens Tone on China to Secure Trade Deal 00:33:52 - Rep. Raja Krishnamoorthi (D-IL) on Nvidia Selling Chips to China, National Security Risks, Crypto Week Stalls 00:41:12 - Bloomberg’s Power Brief: Top Stories Watching Tonight 00:42:54 - Political Panel Reaction to Pres. Trump Denies Plan to Fire Powell, Crypto Legislation Stalls in House, Rescission Package Difficulty -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 16, 2025
Amazon Makes Its First Public Sale | On This Day
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Bloomberg Television
Amazon Makes Its First Public Sale | On This Day
Amazon made its first public sale 30 years ago July 16, 1995 and Romaine Bostick explains that first sale and how the company expanded into one of the world's biggest companies. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 16, 2025
Senator Warren on Fed Independence, Crypto Regulation
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Bloomberg Television
Senator Warren on Fed Independence, Crypto Regulation
US Senator Elizabeth Warren, a Massachusetts Democrat, says Federal Reserve Chair Jerome Powell's successor needs to be independent and not from President Donald Trump's administration. Speaking on "Balance of Power," Senator Warren also comments on crypto regulation and the rescissions package currently before Congress. Sign up for the Washington Edition newsletter to find out how the worlds of money and politics intersect in the US capital: https://bloom.bg/3KkEimO -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 16, 2025
Trump Denies Plan to Ax Powell, BofA's Moynihan on Earnings | Bloomberg Businessweek Daily 7/16/2025
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Bloomberg Television
Trump Denies Plan to Ax Powell, BofA's Moynihan on Earnings | Bloomberg Businessweek Daily 7/16/2025
On Bloomberg Businessweek Daily, Tim Stenovec and Katie Griefeld discuss President Trump's reported threat to fire Federal Reserve Chair Jerome Powell and subsequent denial. Bloomberg's David Westin also spoke with Bank of America CEO Brian Moynihan on the bank's earnings. Moynihan said picking the next Fed chair is the president's "right." Stuart Paul, Bloomberg Economics US Economist, Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams, and Bloomberg News Mike McKee broke down the latest on Powell. Ken Leon, Director of Equity Research at CFRA discussed big bank earnings. Chapters: 00:00:00 - Bloomberg Businessweek Daily Starts 00:02:51 - Stuart Paul on Fed Beige Book, Trump Denying Plan to Fire Chairman Powell 00:15:06 - Gina Martin Adams Outline Stocks Whipsawing as Trump Pours Cold Water on Reports of Powell’s Dismissal 00:20:59 - CFRA Director of Equity research Ken Leon on Second Batch of Big Banks Reporting Earnings 00:28:06 - David Westin Sits Down with Bank of America Chair & CEO Brian Moynihan 00:46:09 - Mike McKee on Trump Refuting Reports of Powell Firing, WH Official Expects Trump to Move Against Fed Chair Soon 00:52:44 - Alexandra Semenova Breaks Down Stocks on the Move -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Published Jul 16, 2025
Trump Denies Plan to Ax Powell | Balance of Power: Early Edition 7/16/2025
43:54
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Bloomberg Television
Trump Denies Plan to Ax Powell | Balance of Power: Early Edition 7/16/2025
On the early edition of Balance of Power, Bloomberg's Kailey Leinz and Michael Shepard discuss President Donald Trump's latest comments about Fed Chair Jerome Powell. On today's show, House Ways and Means Committee Chairman Jason Smith of Missouri, Stonecourt Capital Partner Rick Davis, Center for the Study of the Presidency and Congress Senior Democracy Fellow Jeanne Sheehan Zaino and Former Republican Congressman Patrick McHenry. Chapters: 00:00:00 - Balance of Power: Early Edition Starts 00:04:52 - Megan Scully Outlines House Taking up Crypto Bills This Week, Hardliners Feeling ‘Jammed’ by Senate 00:09:50 - Rep. Jason Smith (R-MO) Talks Crypto Week Developments in House, Tariff Revenue, and Powell’s Job Security 00:20:57 - Bloomberg Political Panel Breaks Down Trump’s Comments on ‘Terrible’ Fed Chair Powell, Political Implications of President’s Agenda 00:27:46 - Annmarie Hordern on Trump’s Powell Criticisms, Knocks Back Reports Fed Chair Firing Imminent 00:31:22 - Mike McKee on Impacts of Tariffs on Goods inflation, Market Reactions to Powell Situation 00:36:21 - Fmr. Rep. Patrick McHenry on Trump’s Control Over Republican Party -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Published Jul 16, 2025
Bank of America's Moynihan on US Consumers, Fed Policy and AI
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Bloomberg Television
Bank of America's Moynihan on US Consumers, Fed Policy and AI
Bank of America Chair and CEO Brian Moynihan discusses the state of the US consumer, Federal Reserve monetary policy and the bank's second-quarter earnings. Speaking with David Westin on Bloomberg Television, Moynihan also discusses the bank's utilization of artificial intelligence. Bank of America's traders posted a record second quarter as revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion in the three months through June. Sign up for the Economics Daily newsletter to discover what's driving the global economy and what it means for policy makers, businesses, investors and you: https://bloom.bg/4535pfS -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Jul 16, 2025