标普500续涨，Atlas Merchant投资Edge Focus

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.

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?

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.

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.

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.

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.

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%.

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.

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.

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.

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?

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?

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.

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.

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.

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.

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.

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: