Michael Burry shot to fame and fortune by betting against mortgage securities before the 2008 crisis, a trade immortalized in “The Big Short.” Now, Burry sees another contrarian opportunity emerging from what he calls the “bubble” in passive investment. Bloomberg Intelligence's James Seyffart has more on "Bloomberg Markets."
Timothy Stratford, chairman at AmCham China and managing partner at Covington & Burling, discusses the ratcheting up of tensions between the U.S. and China and what it means for the trade talks and U.S. companies doing business in China.
Donald Trump acknowledged having second thoughts on escalating the trade war with China -- only for his top spokeswoman to later say he meant he regretted not raising tariffs even more. Meanwhile, China is “seriously making” preparations for relations with the U.S. to deteriorate, according to Global Times’ editor-in-chief Hu Xijin. Bloomberg's Ros Krasny and Tom Mackenzie report on "Bloomberg Daybreak: Australia."
The fate of the world’s largest exchange-traded fund rests on the health of a group of twenty-somethings. Thanks to a quirk in the legal structure used to set up the SPDR S&P 500 ETF Trust, known as SPY, more than $250 billion rests on the longevity of 11 ordinary kids born between May 1990 and January 1993.
A report showing healthy U.S. job gains failed to deter bond traders from betting on a half-point of additional Federal Reserve rate cuts in 2019 as escalating U.S.-China trade tensions held the market’s focus. Bloomberg's Jonathan Ferro sat down with TD’s Priya Misra, JPMorgan’s Oksana Aronov and Robert Tipp of PGIM Fixed Income to discuss whether the escalating trade war would force the Federal Reserve into a September rate hike.
Jumoke Oduwole, Secretary of the Presidential Enabling Business Environment Council and Senior Special Assistant to the Vice President on Industry, Trade, and Investment says Nigeria's government is ready to support businesses to deliver on the potential the African Continental Free Trade Agreement (AfCFTA) brings. She links up with CNBC Africa Esther Awoniyi for more.