Traders buy the dip. US stocks bounce back from a five-week low ahead of the SpaceX IPO pricing. Oracle drops as data center spending overshadows AI growth. Marvin Loh of State Street discusses the Fed’s rate path. Monti Saroya, co-head of the flagship fund at Vista Equity Partners joins Bloomberg’s Dani Burger at SuperReturn in Berlin.

Chapters:
00:00:00 – Bloomberg Brief
00:00:53 – Global Market Check
00:04:39 – First Look Movers
00:15:31 – Trending on the Terminal
00:20:02 – Front Page News
00:26:36 – Marvin Loh, State Street Senior Global Strategist
00:32:01 – Trending on the Terminal
00:33:37 – Monti Saroya, Vista Co-Head of the Flagship Fund
00:43:27 – What to Watch
——–
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The Trump administration is making another move into venture-style investing, taking equity stakes in nine quantum computing companies. IBM, the largest recipient of the investment, thinks that quantum systems could eventually solve problems involving drug discovery, financial markets, cybersecurity, logistics, and climate science that remain beyond the reach of classical computers. But while companies such as IBM and IonQ claim major breakthroughs are near, former IBM CEO Sam Palmisano questions the government’s role in choosing specific corporate winners and warns that commercial adoption may still take years to realize.
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Bloomberg Pursuit’s global luxury editor Chris Rovzner joins David Gura and Christina Ruffini on Bloomberg This Weekend to emphasize the importance of choosing gifts that feel personal and useful rather than obligatory this Father’s Day.
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President Donald Trump congratulated Citigroup and CEO Jane Fraser for being the top adviser on mergers and acquisitions. But the bank is nowhere near the top of the list in the first quarter and has actually slipped. Todd Gillespie covers the bank for us.
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Ed Ludlow joins Carol Massar and Tim Stenovec to break down first hours of trading in the SpaceX IPO. Then, Bloomberg’s Bailey Lipschultz and Yahaira Anand dive into the stock’s performance and the mood at the Nasdaq. Plus, Host of the ‘Everybody’s Business’ podcast Max Chafkin discusses what this means for Elon Musk as the IPO makes him the world’s first trillionaire. Then, Bloomberg’s Anthony Hughes checks how the stock is moving and Nick Colas, co-founder of Data Take Research, breaks down the calculus investors are making when they buy SpaceX.  Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management, joins to give his perspective as a Tesla investor and Cam Harvey, professor of finance at Duke University’s Fuqua School of Business, discusses the risks to fast track SpaceX to the Nasdaq 100. Finally, Loren Grush, Bloomberg space reporter, discusses Musk’s space technology.

Chapters:
00:00:00 – Bloomberg Businessweek Daily
00:01:43 – Bloomberg’s Bailey Lipschultz and Yahaira Anand Dive into the Stock’s Performance
00:06:24 – SpaceX Jumps in First Trade Following Record IPO
00:09:43 – SpaceX Shares Extend Gain to 30% in Trading Debut
00:19:06 – Ed Ludlow Break Down First Hours of Trading in the SpaceX IPO
00:20:55 – What This Means for Elon Musk as IPO Makes Him the World’s First Trillionaire
00:34:19 – Anthony Hughes Checks How the Stock Is Moving
00:39:11 – Co-Founder of Data Take Research Breaks Down the Calculus Investors Are Making When They Buy SpaceX
00:48:21 – Ed Ludlow Break Down First Hours of Trading in the SpaceX IPO
00:53:18 – SpaceX Makes History with Biggest-Ever IPO
00:58:08 – CEO of Gerber Kawasaki Wealth Gives His Perspective as a Tesla Investor
01:16:17 – The Risks to Fast Track SpaceX to the NASDAQ 100
01:25:04 – Trump’s Energy Chief Says Half of Hormuz Stoppages Restored
01:31:50 – Musk’s Space Technology and His Promises to Build Orbital Data Centers
01:35:02 – Push to Build AI Data Center Fuels SpaceX IPO
——–
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