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US Inflation Accelerates | The Close 5/12/2026

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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 Morgan Stanley Investment Management’s Jim Caron, Stifel Financial Chief Economist Dr. Lindsey Piegza, Deutsche Bank’s Michael Linenberg, TIAA’s CEO of Retirement Solutions, Kourtney Gibson, Cboe Global Markets’ Mandy Xu, Alger CEO & CIO Dan Chung, S3 Partners Managing Partner Bob Sloan, 1789 Capital Partner Paul Abrahimzadeh & Co-Founder & Chief Brand Officer of HUNDY! Aviv Schor

Chapters:
00:00:00 – Bloomberg The Close
00:03:32 – Morgan Stanley Investment Management’s Jim Caron
00:11:36 – Stifel Financial Chief Economist Dr. Lindsey Piegza
00:17:05 – Top Calls
00:18:16 – Deutsche Bank’s Michael Linenberg
00:23:35 – TIAA’s CEO of Retirement Solutions, Kourtney Gibson
00:31:33 – Norah Mulinda, Bloomberg News
00:36:57 – Cboe Global Markets’ Mandy Xu
00:43:22 – Closing Bell
00:55:54 – Alger CEO & CIO Daniel Chung
01:04:36 – Rachel Cohrs Zhang, Bloomberg News
01:08:14 – S3 Partners Managing Partner Bob Sloan
01:15:45 – 1789 Capital Partner Paul Abrahimzadeh
01:24:43 – Co-Founder & Chief Brand Officer of HUNDY! Aviv Schor
01:28:09 – What to Watch
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California AG Bonta on Paramount-Warner Bros., Meta and AI

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California Attorney General Rob Bonta discusses his opposition to Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery. Speaking on “Bloomberg The Close,” Bonta also comments on the child safety settlement with Meta Platforms, the future of AI, prediction markets and the Supreme Court ruling on mail-in ballots.
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Big Take: Big Money Isn’t Guaranteeing Wins in the Midterms

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This US midterm election season is on track to be the most expensive on record. Federal PACs have already brought in $4.7 billion. But in some races, big spending is backfiring. On the latest Big Take, where that money might show up.
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What Could Trump and Xi Talk About at Summit?

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President Donald Trump and Chinese President Xi Jinping have no shortage of topics to cover when they meet at the White House on Thursday. Bloomberg’s Tyler Kendall has more on what to watch for.
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Ed Yardeni Lowers Year-End S&P 500 Target to 7,900

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Edward Yardeni, president at Yardeni Research, points to geopolitical developments and higher-for-longer oil prices, among other factors, that led him to lower his year-end target for the S&P 500. He says his previous target of 8,400 is more likely to be reached by the middle of next year.
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How Marco Rubio Became Trump’s Unapologetic Global Envoy

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Bloomberg’s Eric Martin discusses his Big Take reporting on how Secretary of State Marco Rubio has adapted his foreign policy approach under President Donald Trump. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s “Balance of Power.”
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