标普500续涨，Atlas Merchant投资Edge Focus
S&P 500 Wins Continue, Atlas Merchant Invests in Edge Focus | Bloomberg Businessweek Daily 8/12/2026
REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS STAY AHEAD, WITH REPORTS ON THE PEOPLE AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY, PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS, AS IT HAPPENS, WITH CAROL MASSAR AND TIM STENOVEC, LIVE ON BLOOMBERG RADIO, TELEVISION, AND BLOOMBERG ORIGINALS. CAROL: A VERY GOOD AFTERNOON. YES INDEED. WE ARE ACROSS BLOOMBERG PLATFORMS. IT IS WEDNESDAY, AUGUST 12. IT IS MY MONDAY, BUT HALF THE WEEK IS OVER ALREADY.
来自帮助全球领导者保持领先的杂志的报道，报道塑造当今复杂经济的人物和趋势，以及全球商业、金融和科技新闻，实时报道，由卡罗尔·马萨尔和蒂姆·斯特诺维克在彭博电台、电视和彭博原创节目上直播。卡罗尔：下午好。是的，确实。我们跨越彭博平台。今天是8月12日，星期三。这是我的星期一，但一周已经过了一半了。
TIM: IT IS YOUR SUPER MONDAY. THAT IS FAIR TO SAY, RIGHT? CAROL: I AM GOING TO BE A LITTLE BUSY FOR THE NEXT 10 DAYS. I AM EXCITED. JOE MATHIEU AND I ARE GOING TO BE SUBBING IN FOR CHRISTINA AND DAVID. LOOKING FORWARD TO THAT. TIM: BEFORE THAT, WE HAVE WORK TO DO. WE HAVE A GREAT PROGRAM COMING UP TODAY. THE FOCUS IN THE LAST COUPLE OF DAYS HAS BEEN WHAT IS THE CPI REPORT GOING TO SAY. NOW, WE KNOW. IS IT TEMA OR IS IT LAME?
蒂姆：这是你的超级星期一。这么说公平吗，对吧？卡罗尔：接下来的10天我会有点忙。我很兴奋。乔·马修和我要替克里斯蒂娜和大卫的班。期待那件事。蒂姆：在那之前，我们有工作要做。我们今天有一个很棒的节目。过去几天的焦点是CPI报告会怎么说。现在，我们知道了。是TEMA还是LAME？
CAROL: I DON'T KNOW. WE ARE GOING TO GET INTO THAT. ALSO, THE GOOD STUFF. INVESTORS RELAXING OFF OF THIS PRINT, SO MAYBE THIS IS GOOD, TEMA STUFF. I DON'T KNOW. KIND OF RELAXING WHEN IT COMES TO THE NEED FOR SPEED TO HAVE THE FED DO SOMETHING ON RATES. WE ARE GOING TO GET INTO THAT. WE ARE GOING TO GET MORE ON THE TRADE. TOM KEENE THIS MORNING GOING BORING WHEN THE CPI CAME OUT. TIM: WE WILL SEE WHAT MIKE SAYS ABOUT THAT IN JUST A MINUTE.
卡罗尔：我不知道。我们接下来会讨论这个。还有，好消息。投资者对这个数据感到放松，所以也许这是好事，TEMA的东西。我不知道。在美联储对利率采取行动的紧迫性方面，有点放松。我们接下来会讨论这个。我们还会更多讨论贸易。今天早上CPI公布时，汤姆·基恩说无聊。蒂姆：我们马上看看迈克怎么说。
WE ARE JOINED BY THE SENIOR INVESTMENT STRATEGIST IN I CAPITAL ON DROWNING IN LIQUIDITY. IS THAT GOOD? CAROL: I THINK A BUNCH OF RISKS. BOB DIAMOND, FORMER CEO OF BARCLAYS, IS GOING TO JOIN US TO BREAK SOME NEWS ON AN ANNOUNCEMENT, HIS LATEST INVESTMENT. WE ARE GOING TO GET INTO THAT IN JUST A MOMENT. TIM: A BLOOMBERG EXCLUSIVE. PLUS, COMPANIES AND THEIR SEE SUITES AND WHAT THEY ARE TALKING ABOUT WHEN IT COMES TO GROWING THEIR COMPANIES.
我们邀请到了I Capital的高级投资策略师，讨论流动性泛滥的问题。那是好事吗？卡罗尔：我认为有很多风险。巴克莱前首席执行官鲍勃·戴蒙德将加入我们，发布关于一项公告的最新消息，他的最新投资。我们马上就会讨论这个。蒂姆：彭博独家。另外，公司及其高管在谈论什么关于发展公司的话题。
IS IT AI? CAROL: WE ARE GOING TO TALK ABOUT THAT. REBECCA TALKS TO CEO'S ALL THE TIME. SHE WORKS WITH THEM ON GROWTH STRATEGIES. I CAUGHT UP WITH HER A LITTLE BIT EARLIER TODAY AHEAD OF THIS INTERVIEW. SOME OF WHAT SHE HAS TO SAY MIGHT SURPRISE YOU. LOOKING FORWARD TO THAT. BE PART OF OUR DISCUSSION. WE LOVE IT. JUST SUBMIT QUESTIONS TO OUR TEAM AND WE WILL BE ANSWERING LIVE ON AIR. SEND THEM TO BLOOMBERG.COM/ASKRADIO.
是人工智能吗？卡罗尔：我们将讨论这个。丽贝卡一直与首席执行官们交谈。她与他们合作制定增长战略。今天早些时候，在这次采访之前，我采访了她。她要说的一些话可能会让你惊讶。期待那件事。加入我们的讨论。我们喜欢这样。只需向我们的团队提交问题，我们将在直播中回答。发送到bloomberg.com/askradio。
THIS IS EXCLUSIVELY FOR OUR BLOOMBERG.COM SUBSCRIBERS. WE LOVE IT WHEN YOU WEIGH IN. BRENDAN, WE LOVE YOUR QUESTIONS. SEND US MORE. THEY ARE ALWAYS ON THE MONEY. TIM: SHOUT OUT TO BRENDAN. ALL THAT AND MORE COMING UP IN THE NEXT HOUR. FIRST UP, HE HAS GOT HIS EYE ON EVERYTHING HAPPENING IN THE TRADING DAY. HERE HE IS. CHARLIE PELLETT. CHARLIE: CPI WEDNESDAY. WE HAVE THE DOW, THE S&P, THE NASDAQ, ALL ADVANCING. THIS DATA BRINGING SOME RELIEF.
这专为我们的彭博网站订阅用户准备。我们喜欢您的参与。布伦丹，我们喜欢您的问题。请多给我们发送。它们总是切中要害。蒂姆：向布伦丹致敬。所有这些以及更多内容将在接下来的一个小时里呈现。首先，他关注着交易日中发生的一切。他就是查理·佩莱特。查理：周三的CPI。我们有道琼斯、标普、纳斯达克，全部在上涨。这些数据带来了一些缓解。
TRADERS WORRY ABOUT GEOPOLITICAL RISKS. THE S&P HOLDING CLOSE TO A RECORD. THE RECORD IS 7750 SEVEN. ROUGHLY SIX POINTS AWAY. LOOKING AT A GAME RIGHT NOW OF 0.3 PERCENT. THE DOW INDUSTRIALS HIGHER BY 16 POINTS. THE NASDAQ UP 152, A GAIN OF ZERO POINT 6%. THE BLOOMBERG MAG SEVEN INDEX TRADING LOWER, DOWN 1.1 PERCENT. THE PHILADELPHIA STOCK EXCHANGE SEMICONDUCTOR INDEX UP BY 3.4 PERCENT. TWO-YEAR YIELD, FOUR POINT 19%.
交易员担心地缘政治风险。标普指数接近历史高点。历史高点是7750.7。大约相差6个点。目前看涨0.3%。道琼斯工业指数上涨16点。纳斯达克上涨152点，涨幅0.6%。彭博七巨头指数下跌1.1%。费城证券交易所半导体指数上涨3.4%。两年期收益率4.19%。
THE 10 YEAR, 4.60 8%. THE 30 YEAR, 5.24%. COAL UP TO 43.97. WEST TEXAS INTERMEDIATE CRUDE LOWER, LITTLE CHANGED. A BARREL OF BRENT, 88.85 NOW, ALSO DOWN BY UNDER .1%. COREWEAVE AFTER EARNINGS UP 18 POINT 8%. COREWEAVE IS A PROVIDER OF COMPUTING THAT POWERS AI SYSTEMS. LAST NIGHT, WE ALSO HEARD FROM SUPER MICRO COMPUTER -- SUPER MICRO COMPUTER AFTER IT DELIVERED A REVENUE FORECAST THAT TOPPED ANALYST ESTIMATES. FOLLOWING THE CLOSE OF TRADING, ALL EYES WILL BE ON CISCO, UP AHEAD OF EARNINGS BY 2.6 PERCENT.
十年期收益率4.608%。三十年期收益率5.24%。煤炭上涨至43.97。西德克萨斯中质原油下跌，变化不大。布伦特原油现在报88.85美元，也下跌不到0.1%。CoreWeave在财报后上涨18.8%。CoreWeave是提供支持AI系统的计算服务的供应商。昨晚，我们还听到了超微电脑的消息——超微电脑在发布了超出分析师预期的营收预测后。在收盘后，所有人的目光都将聚焦思科，其股价在财报前上涨2.6%。
FOR ON-DEMAND NEWS, SUBSCRIBE WHEREVER YOU GET YOUR PODCASTS. CAROL AND TIM ARE REUNITED. THAT IS A BLOOMBERG BUSINESS FLASH. TIM: WE ARE BACK. JUST FOR A FEW DAYS, THOUGH. THAT IS HOW AUGUST WORKS. THAT IS JUST HOW AUGUST WORKS. CAROL: IT GETS TO AUGUST, AND IT IS TIME FOR VACATION BECAUSE SEPTEMBER GETS BUSY. TIM: AND YOU START THINKING ABOUT JACKSON HOLE. CAROL: THAT BRINGS US TO MIKE MCKEE. OUR INTERNATIONAL ECONOMICS AND POLICY CORRESPONDENT IS HERE IN STUDIO.
如需点播新闻，请在您获取播客的任何地方订阅。卡罗尔和蒂姆重聚了。这是彭博商业快讯。蒂姆：我们回来了。不过只回来几天。八月就是这样。八月就是这样。卡罗尔：到了八月，就该休假了，因为九月会很忙。蒂姆：而且你开始考虑杰克逊霍尔。卡罗尔：这让我们想到了迈克·麦基。我们的国际经济与政策记者在演播室。
WHAT IS MORE IMPORTANT, THIS INFLATION PRINT OR JACKSON HOLE? MIKE: JACKSON HOLE. THIS INFLATION PRINT -- IT IS LIKE OK. IT IS NOT GOOD. IT IS NOT BAD. THERE IS GOOD AND BAD FROM BOTH SIDES, THE HAWKS AND THE DOVES. WHAT EVERYBODY WANTS TO KNOW IS WHAT IS KEVIN WARSH GOING TO DO ABOUT INFLATION. CAROL: DOES HE HAVE TO DO SOMETHING ABOUT INFLATION? MIKE: IF HE IS GOING TO REACH HIS GOAL, WHICH HE INSISTS UPON, THAT THEY ARE GOING TO MAKE THE 2% TARGET, THEY HAVE TO DO SOMETHING.
哪个更重要，这次通胀数据还是杰克逊霍尔？迈克：杰克逊霍尔。这次通胀数据——还行。不算好，也不算坏。鹰派和鸽派双方都有好有坏。大家都想知道的是凯文·沃什将如何应对通胀。卡罗尔：他必须对通胀采取行动吗？迈克：如果他要实现他的目标，他坚持认为他们会达到2%的目标，他们就必须采取行动。
THAT COULD BE SAYING WE ARE GOING TO LEAVE RATES WHERE WE ARE, BECAUSE THEY ARE RESTRICTED ENOUGH. IT COULD BE THAT THEY ARE GOING TO RAISE INTEREST RATES. FORWARD GUIDANCE, THE TERM HE HATES -- SHE DOES NOT HAVE TO SAY WE ARE GOING TO RAISE RATES AT THE NEXT MEETING. HE COULD SAY IF THIS DOES NOT COME DOWN FAST ENOUGH, WE WOULD HAVE TO CONSIDER RAISING RATES. THAT WOULD GIVE PEOPLE AT LEAST A SENSE. CAROL: THAT IS NOT HIS JAM, IS IT?
那可能是在说我们将维持利率不变，因为利率已经足够具有限制性。也可能是他们将加息。前瞻性指引，他讨厌这个词——她不必说我们将在下次会议上加息。他可以说，如果通胀没有以足够快的速度下降，我们将不得不考虑加息。那至少会给人们一种感觉。卡罗尔：那不是他的风格，对吧？
MIKE: NOT SO FAR, BUT THAT IS WHY WALL STREET HAVE BEEN UPSET WITH HIM AND UPSET ABOUT WHAT HE HAS BEEN SAYING. THIS IS AN OPPORTUNITY NOT TO GIVE FORWARD GUIDANCE, BUT TO SAY HERE IS HOW I LOOK AT INFLATION AND HERE IS HOW I THINK THE FED SHOULD BE LOOKING AT IT. FOR RIGHT NOW, THIS IS WHAT WE ARE THINKING. TIM: ENERGY AND GASOLINE PRICES COMING DOWN, IS THAT EVEN ACCURATE TO THINK ABOUT, GIVEN WHAT IS HAPPENING IN THE STRAIT OF HORMUZ AND THIS IS BACKWARD LOOKING?
迈克：到目前为止不是，但这就是为什么华尔街对他感到不满，对他所说的话感到不满。这是一个机会，不是给出前瞻性指引，而是说我是如何看待通胀的，以及我认为美联储应该如何看待它。就目前而言，这就是我们的想法。蒂姆：能源和汽油价格下降，考虑到霍尔木兹海峡正在发生的事情，这样想是否准确，而且这是滞后数据？
MIKE: FOR JULY, BUT THIS IS AUGUST. WHAT ENDED UP HAPPENING WAS THAT, ROUGHLY SPEAKING, THEY COMPETE FOR THE AVERAGE IN JULY TO THE AVERAGE IN JUNE. BECAUSE PRICES CAME DOWN SO MUCH IN JUNE, THE AVERAGE IN JULY STILL WENT DOWN, BUT NOT AS MUCH. BUT NOW IN AUGUST SO FAR, GASOLINE PRICES ARE HIGHER THAN THEY WERE IN JULY. SO THIS COULD ALL REVERSE. TIM: WE'VE GOT TO TALK ABOUT THIS ONE. THIS WAS REALLY INTERESTING. CYCLOSPORA HAS AN EFFECT ON GROCERY PRICES.
迈克：对于7月来说是这样，但现在是8月。最终发生的情况是，大致来说，7月的平均值与6月的平均值相比。因为6月价格下降了很多，7月的平均值仍然下降了，但没有下降那么多。但现在到目前为止，8月的汽油价格高于7月。所以这一切都可能逆转。蒂姆：我们得谈谈这个。这真的很有趣。环孢子虫对食品杂货价格有影响。
CAROL: I GO TO THE SUPERMARKET. THERE IS A TON OF LETTUCE JUST SITTING THERE, RIGHT? ALSO, ALSO, YOU KNOW -- AND YET, IT IS EXPENSIVE FOR A LOT OF PEOPLE STILL. TALKING ABOUT GOING TO FISH, HE WAS BLOWN AWAY. TIM: IT WAS NOT A FILET OF FISH FROM MCDONALD'S, WAS IT? CAROL: HE IS TOM KEENE. THIS SOUNDED LIKE A LOT -- LIKE HE WALKED AWAY. MIKE: PRICES GO DOWN FOR INDIVIDUAL GOODS, BUT NOT THE OVERALL PRICE LEVEL, AND THAT IS THE DIFFERENCE.
卡罗尔：我去超市。那里有很多生菜，对吧？而且，而且，你知道——然而，对很多人来说仍然很贵。说到去买鱼，他非常震惊。蒂姆：那可不是麦当劳的鱼片，对吧？卡罗尔：他是汤姆·基恩。这听起来像是很多——就像他走开了一样。迈克：个别商品的价格下降，但总体价格水平没有下降，这就是区别。
ECONOMISTS AND THE FED LOOK AT THE CHANGE, HOW IT AFFECTS THE YEAR-OVER-YEAR ANNUAL RATE OF INFLATION. CONSUMERS GO TO THE STORE AND SAY, I PAID $10 FOR THIS ITEM LAST MONTH. I AM STILL PAYING $10 NOW. IT IS NOT GOING DOWN. THAT IS WHY THERE IS A DECLINE IN CONSUMER SENTIMENT. THAT IS WHY THERE ARE POLITICAL IMPLICATIONS TO THIS ONE. TIM: YOU BROUGHT UP THE POLITICAL IMPLICATIONS. AT THIS POINT, A SHORT TIME AWAY FROM THE MIDTERMS.
经济学家和美联储关注变化，以及它如何影响同比年通胀率。消费者去商店说，我上个月为这件商品付了10美元。我现在仍然付10美元。它没有下降。这就是为什么消费者信心下降。这就是为什么这件事有政治影响。蒂姆：你提到了政治影响。在这一点上，距离中期选举不远了。
THERE WAS A LITTLE BIT OF RELIEF ON UNCOOKED GROUND BEEF PRICES. IS THAT A ONE-OFF? MIKE: THAT IS ACTUALLY -- TIM: THE MOST SINCE 2020. MIKE: THERE WERE A COUPLE OF GROCERY CHAINS THAT CUT PRICES FOR GROUND BEEF AND HOTDOGS AND THINGS LIKE THAT, WHICH THEY SAID WAS THEIR EFFORT TO HELP AMERICA, BECAUSE IT WAS THE SUMMER TIME AND EVERYBODY IS COOKING OUT. WILL THOSE PRICES REMAIN? PROBABLY NOT. WE ARE STILL WATCHING THE CATTLE PEOPLE TRY TO BUILD UP THE HERDS.
未烹制的碎牛肉价格略有回落。这是否只是暂时现象？迈克：实际上——蒂姆：这是自2020年以来最大的一次回落。迈克：有几家连锁超市降低了碎牛肉、热狗等商品的价格，他们表示这是为了帮助美国民众，因为正值夏季，大家都在户外烧烤。这些价格会保持下去吗？可能不会。我们仍在关注养牛户试图扩大牛群的情况。
PRICES ARE STILL HIGH. I DON'T THINK THAT IS GOING TO BE ONGOING. CAROL: BY THE WAY, HAVE YOU HEARD OF THE BRISKET BURGER? THEY ARE REALLY GOOD. MIKE: THERE IS A RESTAURANT HERE THAT MAKES ONE FOR ABOUT $35 A BURGER. TIM: HOW COME TOM NEVER BRINGS ONE OF THOSE? CAROL: WE WILL HAVE TO TALK TO HIM. WE ARE GOING TO TALK A LITTLE BIT ABOUT THE COST OF TARIFFS. REBECCA IS ON LATER IN THE HOUR. WE ARE GOING TO TALK AI. A LOT OF FACTORS THAT MAY EASE PRICES, INCREASE PRICES.
价格仍然很高。我认为这不会持续下去。卡罗尔：顺便问一下，你听说过牛胸肉汉堡吗？它们真的很好吃。迈克：这里有一家餐厅，一个这样的汉堡要卖大约35美元。蒂姆：为什么汤姆从不带一个来？卡罗尔：我们得跟他谈谈。我们将稍微讨论一下关税的成本。丽贝卡稍后会在节目中出场。我们将讨论人工智能。有很多因素可能会降低价格，也可能会推高价格。
I DO THINK ABOUT JUST WHETHER OR NOT GROWTH IS THERE TO SUPPORT A HEALTHY ECONOMY, OR WHETHER WE ARE STARTING TO SEE CONCERNS THAT THAT MIGHT SLOW DOWN. THINKING ABOUT TARIFFS, WHETHER THAT IS FRUSTRATING CEO'S. I THINK REBECCA IS GOING TO TALK A LITTLE BIT ABOUT THAT. MIKE:
我确实在想，经济增长是否足以支撑一个健康的经济，或者我们是否开始看到经济可能放缓的担忧。考虑到关税，这是否让CEO们感到沮丧。我想丽贝卡会稍微谈谈这个问题。迈克：
更进一步：量化金融体系
看懂新闻只是起点——沿量化金融路径，把它变成能交付的工程能力