美联储一致加息，核心算力公司CoreWeave发行300亿美元可转债

WE REBOUND OFF THE JULY LOWS. I'M DANI BURGER WITH DAVID GURA BLOOMBERG OPEN INTEREST STARTS RIGHT NOW. COMING UP ON THE SHOW FUTURES RALLYING ONE DAY AFTER THE FED'S UNANIMOUS RATE HIKE UNDER KEVIN WARSH. DAVID: KING CHARLES PRESS AI LEADERS ON KEEPING THE TECHNOLOGY UNDER CONTROL. DANI: LUCID TEAMING UP WITH SELF DRIVING RIDES ACROSS EUROPE. WE SPEAK TO THE CEO THIS HOUR. BROADLY STOCKS DOING BETTER. ONE THAT I'M LOOKING THAT IS NOT THAT'S COREWEAVE DOWN 2.4 IN THE PREMARKET THIS MORNING.

THE REASON $30 BILLION FOR CONVERTIBLE BONDS FOR AI INFRASTRUCTURE. SHARES ARE UP 4% ON THE NEWS AND THEY FALL COMING IN TO THE FACTOR OF CONVERTIBLES. DAVID: INVESTORS LOOK PAST THE FED RATE HIKE. IT DOES NOT APPEAR TO BE THE START OF A SUSTAINED HIKING CYCLE. THE -- IT IS EASING SOME FEARS HIGHER BORROWING COSTS COULD DERAIL THE MASSIVE SPENDING BEHIND THE AI MOVE. DANI: THE FOMC MAKES THAT UNANIMOUS DECISION HERE IS CHAIR KEVIN WARSH OF THE ANNOUNCEMENT.

FOR GUIDANCE BUSINESS BUT THE DECISION WE MADE TODAY WAS A SOBER DECISION, A SERIOUS DECISION RESPONSIBLE DECISION. ONE THAT WE HAVE BEEN PREPARING FOR THINKING ABOUT IN MY DAYS HERE. YOU HEARD FROM OTHER PEOPLE AND THE DOTS EFFECTIVELY. WHAT THEIR FORECASTS ARE. I'M NOT GOING TO PREJUDGE ANY FUTURE DECISIONS WE MAKE. DANI: JOINING US IS BLOOMBERG'S CORRESPONDED WITH BONDS RALLYING STOCKS AS WELL HOW ARE WE INTERPRETING WHAT KEVIN WARSH SAID TO WHAT DAVID WAS SAYING.

THIS IS THE START OF SOMETHING OF A MODEST RATE HIKING CYCLE. MICHAEL: TAKING A PROBABLY CORRECTLY IF TWO RATE INCREASES CAN BE CONSIDERED A CYCLE. YOU TAKE A LOOK AT WHERE WE ARE GOING AND WHERE WE MAY GO ACCORDING TO THE DOT PLOT AND WE ARE UP TO 4% IN THE RANGE RIGHT NOW. THERE ARE 16 OF THE 18 PEOPLE WHO SUBMITTED DOTS, WARSH DOES NOT. LOOKING AT FOUR AND A QUARTER BY THE END OF THE YEAR. AND THEN THERE'S A MAJORITY FOR FOUR AND A HALF NEXT YEAR.

SO I GUESS THAT WOULD QUALIFY AS A RETURN TO THE CYCLE. DAVID: WE'VE LEARNED FROM HISTORY OF FED CHAIR WHO DOESN'T WANT TO LOOK BACK SPACE -- HE SAID HE WANTS A PERSPECTIVE TAKE ON WHERE THINGS ARE GOING. WE HAVEN'T HAD A SHORT IN A LONG TIME. MICHAEL: I DON'T KNOW THE LAST TIME THERE WAS A ONE AND DONE. YOU HAVE TO GO BACK MANY YEARS TO WHEN WE WERE PUBLISHING THE DATA THAT WE COULD SEE SOMETHING LIKE THAT. THEY ARE SAYING THEY WANT A RETURN TO 2% BUT THAT'S NOT WHAT THE SUMMARY OF ECONOMIC PROJECTIONS IS.

THEY SEE NEXT YEAR WE GET A BIG DROP BECAUSE MAYBE THE WAR ENDS AND WE HAVE THIS RESTRAINED ON THE ECONOMY. THE KNOCK AND A REACH 2% UNTIL 2029. EVERY TIME WE RELEASE A NEW S&P THEY PUSH OUT THE 2% TARGET AND THEY DID IT AGAIN. A LOT OF UNCERTAINTY OUT THERE WITH AI AND HOW MUCH IT'S CONTRIBUTED TO GROWTH AND THEN THE VARIOUS GROWTH SCENARIOS KEVIN WARSH FAIRLY CONFIDENT IN WHAT'S HAPPENING WITH THE ECONOMY. DAVID: ALLOW ME A FOLLOW-UP QUESTION.

CHIEF NATIONAL ECONOMICS AND POLICY CORRESPONDENT. KING CHARLES HOSTED A NUMBER OF AI EXECUTIVES INCLUDING JENSEN HUANG AND SARAH FRIAR. CALLING ON THE INDUSTRY TO TAKE CONTROL OF ITS TECHNOLOGY. THE COMMENTS CAME AS OPENAI ANNOUNCED THERE HAD BEEN MORE INSTANCE OF ITS AI MODELS MISBEHAVING AND THE COMPANY UNVEILED A NEW FRAMEWORK FOR DISCLOSING ROGUE AGENTS. ED LUDLOW JOINS US NOW. TAKE US INTO THE ROOM IN SCOTLAND WHAT'S THE CONVERSATION LIKE.

HOW DOES THIS WORK WITH THE CONVERSATION IN PLACE IN WASHINGTON DC AND THE ROLE OF GOVERNMENT AMIDST THE ANXIETY ABOUT WHERE AI IS? ED: JENSEN HUANG, SARAH FRY THE CEO OF OPENAI AND DENNIS OF GOOGLE DEEPMIND WHO'S BEEN PICKED UP INTO THIS CHAIR ROLE. WHEN KING CHARLES DOES THESE MEETINGS THROUGH HIS FOUNDATION THEY ARE LARGELY SYMBOLIC. BUT HIS MESSAGE TO THOSE LEADERS IS DON'T LET AI GET OUT OF CONTROL. IN ITS PROXIMITY TO THE EVENTS OF THE LAST SEVEN DAYS AND HIS ABILITY TO GET THOSE KEY PEOPLE IN THE ROOM REALLY IMPORTANT.

HE'S ASKING A QUESTION WHICH IS THE INDUSTRY HOW ARE YOU GOING TO CAPTURE AI BENEFITS WITHOUT -- WITH SAFETY AT TASK WITHOUT LOSING HUMANITY WHICH IS QUITE A PROFOUND THING TO ASK TO THE TECHNOLOGY SECTOR. THIS IS WHAT THEY ARE THERE TO ADVOCATE FOR. AI DOES HAVE BENEFITS. DANI: THERE'S BEEN AN INCREDIBLE DOSE OF SKEPTICISM IN THE PAST WEEK OR SO SINCE THESE ANNOUNCEMENTS OF COME OUT. THIS IDEA MAYBE THEY WANT TO SLOW DOWN BECAUSE THEY CAN GET THE COMPUTE THEY NEED OR THE ECONOMIC SUSPENDING OR TAKING UP AND IT SOUNDS BETTER TO SAY YOU'RE ACTING IN AN ALTRUISTIC WAY HOW WAS THAT CONVERSATION EVOLVED ESPECIALLY AS WE CONTINUE THE ANNOUNCEMENTS.

WITH OPENAI SING THEIR NEW AI SAFETY INCIDENTS THAT THEY BEEN MARKETING. ED: THE BLOOMBERG HEADLINE IS THE DISCLOSURE OF OTHER INCIDENTALS WHICH WE GET INTO THE CASE STUDIES. AND THEIR DISCLOSURE PLAN. HERE'S WAS OPEN I SET -- OPENAI SAYS IT WILL DO EVERY TIME IT DISCOVERS SOMETHING THAT THE MODEL WAS PAVING. WITHIN THAT POST WHICH WAS OPENAI ONCE AGAIN ADMITTING THAT SAFETY ALIGNMENT MEANING THAT MODELS ARE BEHAVING THE WAY THAT HUMANS INTENDED TO THEM.

IT IS NOT THERE YET. IT COULD NOT BE CLEARER IN THAT POST. SO OPENAI IS DOUBLING DOWN SAYING SAFETY HAS NOT KEPT UP THE PACE OF DEVELOPMENT OF THE MODEL'S CAPABILITIES. AND THEY WILL KEEP SAYING THAT WHILE THIS IS HOW WE WILL ADDRESS IT.

KIND OF SWIRLING CONVERSATION AROUND FUNDING GOING FORWARD. COREWEAVE ANNOUNCING INITIAL $3 BILLION. WHAT IS THAT TELL US ABOUT THIS COMPANY'S POSITION IN THE INDUSTRY.

COREWEAVE SPECIFICALLY A SUPPLY CONSTRAINED LIKE EVERYONE ELSE. THE DEMAND FOR THEIR COMPUTE PERFORMANCE OUTPACES WHAT THEY'VE ACHIEVED BUILT IN THE REAL WORLD. SO FOR THEM CAPITAL IS JUST AN UNLOCK IT ALLOWS THEM TO GREASE THE WHEELS TO GET MORE CAPACITY ONLINE AND THAT CAPACITY IS ALREADY COMMITTED IN LARGE PART TO COMPANIES LIKE OPENAI THEY HAVE VERY LARGE CONTRACT WITH THEM. THAT'S KIND OF THE CIRCULAR FINANCING OR ARTIFICIAL DEMAND DEBATES PARDON THE EXPRESSION.

IS THAT THERE JUST ISN'T ENOUGH COMPUTE RELATIVE RIGHT NOW. LOADS OF PEOPLE USE THESE AS A MECHANISM. OTHERS JUST PURE DEBT IN COREWEAVE'S CASE THEY HAVE ALL THREE CONVERTS DEBT THAT THEY'RE DOING TO MANAGE THE CAPITAL IN ORDER TO GET IT MOVING FASTER. BUILD THE TIN CAN WE CALL A DATA CENTER.

WE ARE GOING TO SEE YOU BACK LATER THIS HOUR FOR A CONVERSATION WITH THE CEO OF LUCID ON THEIR ANNOUNCEMENT AND PARTNERSHIP OF BOLT FOR AUTONOMOUS VEHICLES. BOEING'S LATEST WARNING CEO KELLY ORD BIRD AND THE CEO LAYING OUT A FRESH LIST OF CHALLENGES FACING THE PLANE MAKER INCLUDING DELAYS LOWER PRODUCTION CASH OUTLOOK PRINT LET'S GET THE LATEST WITH BLOOMBERG CHIEF AVIATION CORRESPONDENT, THE CLAIM YESTERDAY THIS DID SEEM A FOR MARKETS.

THE MARKETS BEEN EXPECTING THEM TO RAMP UP PRODUCTION AND RAMP THAT UP AS THEY GO INTO THE END OF THE YEAR. 47 A MONTH WAS THE MARKET EXPECTED POINT AND AT THE MOMENT GOING TO 52 AND THEN EVENTUALLY 63 A MONTH. AND THAT'S A KEY SOURCE OF CASH. BOEING COMING OUT SAYING WERE HAVING ISSUES STABILIZING AT 47. THAT BECOMES A BIT OF A CONCERN BECAUSE THE MARKETS EXPECTING THE COMPANY TO SORT OF START GENERATING CASH. AND THAT'S HOW THE BOEING GETS THE CASH IS BY DELIVERING AGAINST THE CUSTOMERS AND THEN THE CFO REITERATED SAYING THE EXPECTATION FOR CASH FLOW FREE CASH FLOW THIS YEAR IS ONE TO 3 BILLION BUT THEY EXPECTED TO BE MORE IN THE MID RANGE AND THAT BECAUSE OF THE SLOWER DELIVERIES.

THAT'S RATTLED THE MARKETS AND MADE INVESTORS CONCERNED ABOUT BOEING'S PROSPECTS. DAVID: AFTER A STRING OF BAD NEWS AND BAD STORIES HE'S IN CHARGE OF THIS TURNAROUND. BY AND LARGE THE KIND OF RANGE FOR THAT HOW DOES THIS KIND OF COLOR THAT DEGREE. SIDDHARTH: IT PUTS IT IN THE CONTEXT THAT BOEING IS IN THE MIDST OF A TURNAROUND BUT IT ISN'T OVER. IT'S A MUCH MORE DIFFICULT TURNAROUND THAN INVESTORS EXPECTED AND WILL BE A LONG ROAD AHEAD.

AND IT'S GOING TO BE CHALLENGES ALONG THE WAY. AND LITTLE ISSUES CAN COME UP THAT BASICALLY HAMPER THE TURNAROUND OR DELAY THAT TURNAROUND CAN BE SEEN THAT WITH THE COMPANY TALKING BUT THE 777X SLIPPING INTO NEXT YEAR. THAT'S SOMETHING THAT IS CONCERNING. DANI: WHEN IT COMES TO CON