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Michigan Midterms, Apple Earnings & the Tech Selloff

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The Close 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 Edward Jones Head of Investment Strategy Mona Mahajan, Detroit Regional Chamber President & CEO Sandy Baruah, North Rosedale Park Civic Association Vice President Eric Henry, Sperling Economic Strategies President Gene Sperling, Detroit Future City CEO Anika Goss, Morgan Stanley Investment Management Senior Portfolio Manager Andrew Slimmon, M12 Managing Partner Cheryl Cheng, Asymco Founder & Managing Director Horace Dediu, Seaport Research Partners Senior Analyst Jay Goldberg, IDC Senior Director, Data & Analytics Nabila Popal, & Maxim Group Managing Director & Senior Consumer Internet Analyst Tom Forte.

Chapters:
00:00:00 Bloomberg The Close
00:04:40 Edward Jones on Market Rotation, AI & Oil
00:10:03 Michigan Economy, Tariffs & the Senate Race
00:16:39 Detroit Voters on Affordability, Jobs & the Midterms
00:22:35 Gene Sperling on Inflation, the Fed & Affordability
00:28:52 Detroit Future City CEO on Jobs & Economic Growth
00:35:25 Morgan Stanley on Tech Rotation & the AI Trade
00:40:39 AI Leverage, Data Centers & Higher Interest Rates
00:45:17 The Closing Bell
00:49:00 Palantir Earnings & Tech Stocks Enter Correction
00:50:45 M12 on AI Startups, Enterprise Demand & ROI
00:55:14 AI Regulation, Startups & U.S.-China Competition
00:58:03 Apple Earnings Preview & the Consumer Outlook
01:03:46 Apple CEO John Ternus Faces His First Earnings Call
01:10:24 Apple Earnings: Revenue & iPhone Sales Beat Estimates
01:15:22 Apple’s AI Strategy, China & Capex Outlook
01:19:03 iPhone Demand, China & the Smartphone Market
01:24:59 iPhone 18 Pro, Duo & Apple’s Product Strategy
01:29:29 Apple’s AI Spending, Cash Flow & Big Tech Advantage
01:32:18 Apple Earnings Recap & Midterms Ahead
——–
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Market Volatility Technical, Not Fundamental: Moore

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Kate Moore, CIO of Citi Wealth, joins Scarlet Fu and Tom Keene on “Bloomberg Money.” They discuss this week’s market volatility after the US midterms.
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Watching Wall Street, Back to Work After Blue Wave, Deadly Mass Shooting in Poland

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The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Fmr. Deputy Secretary of State & Fmr. US Special Representative for North Korea Stephen Biegun, SMBC Nikko Securities Chief Economist Joe Lavorgna, Author & Journalist Hannah Howard, North Carolina Rep Elect Paul Barringer, Virginia Rep Elect Shannon Taylor, Rising Communications President Leslie Shedd and Causeway Strategy Group Principal John McCarthy.

Chapters:
00:00:00 – Bloomberg This Weekend Begins
00:01:58 – News Now with Lisa Mateo
00:04:53 – Wall Street Looks To Rebound From Last Week’s Rout
00:10:41 – Trump Facing New Political Reality Of Divided Government
00:13:12 – Trump Taps Stephen Miller As New Chief Of Staff
00:18:00 – Gunman Opens Fire In Krakow, Poland
00:20:09 – Constitutional Crisis Comes One Year Before Poland Holds Its Next General Election
00:25:19 – Eisenkot Has Six Weeks To Form New Government
00:31:30 – Lisa Mateo with News Now
00:33:15 – Hidden Tech In Apps Raise Privacy Concerns
00:41:29 – BTW with Lisa Mateo
00:48:29 – Top of the Hour with Bloomberg This Weekend
00:49:29 – Headlines with Lisa Mateo
00:52:11 – Fmr Deputy Secretary Of State Joins Bloomberg This Weekend
01:06:29 – Data Center Development Loses Big In US Midterms
01:09:36 – Lavorgna on Wall Street Looks To Rebound From Last Week’s Rout
01:11:11 – Lavorgna on Asia-Pacific Markets Open Tonight Amid AI Concerns
01:13:00 – Lavorgna on Trump Taps Stephen Miller As New Chief Of Staff
01:17:15 – News Now with Lisa Mateo
01:20:00 – Lisa Mateo with News Now
01:21:54 – Seattle’s NBA Return Faces Hurdle With Owners Skeptical
01:25:16 – LIV Golf Will Liquidate In Demise Of League
01:27:08 – Possible MLB Lockout Looms In December
01:30:00 – High-End Health Clubs Catering To Busy Parents
01:37:00 – Top of the Hour with Bloomberg This Weekend
01:38:24 – Headlines with Lisa Mateo
01:41:02 – Newly Elected Dems On Working With Pres Trump
01:55:00 – News Now with Lisa Mateo
01:57:03 – Pending Power Shift Could Hamstring Congress
02:05:16 – Who Will Be The 2028 Presidential Nominee?
02:06:51 – Texas Seats Flip Blue At Federal And State Levels
02:08:30 – Lisa Mateo with News Now
02:10:46 – 2026 Midterms Revives American Populism
02:18:30 – Bookmarked: Stories on Our Reading List
——–
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AI Turbulence to Keep on Running: Market Analysis

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Anna Edwards, Guy Johnson, Tom Mackenzie and Adam Linton break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”
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Goldman Goes Quiet on Women Partner Promotions

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Goldman Sachs Group’s announcement of new partners Thursday boasted that 28% started as interns and that new members typically took 17 years to get there. But it was silent on how many are women. Todd Gillespie reports on “Bloomberg Open Interest.”
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Inside Alaska’s Oil Paradox

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Oil prices have surged across the United States as a result of the ongoing war in Iran. This means higher costs for households in most states, but in Alaska, the state government is bringing in new revenue from its high oil production to offset those higher costs. Some of the revenue is then redistributed to Alaskans through the state’s unique sovereign wealth fund. While most Americans disapprove of the war in Iran, Alaska may emerge as a quiet winner from one of the conflict’s most painful economic side effects: higher oil prices.
——–
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