Mamdani ‘Brilliant' for Affordability Focus: Kimball

Brandon Scott, the Mayor of Baltimore, offered advice to New York's mayor-elect Mamdani during an interview with Romaine Bostick, emphasizing the importance of leading with people and assembling a strong team to tackle housing affordability issues.

Russ Brownback, BlackRock’s Deputy CIO, predicts a wave of mergers and acquisitions (M&A) in 2026, attributing this to a 2% productivity growth that allows the economy to expand without increasing hours worked. He emphasizes the potential of generative AI to further enhance productivity during an interview on Bloomberg's 'The Close.'

The S&P 500 index reached a new record high, closing at an all-time peak, despite a decline in Oracle shares following disappointing earnings results. This market close was covered extensively on Bloomberg Television and other platforms, highlighting the contrasting performance of the index and Oracle's stock.

Eric Rosengren, former President of the Boston Federal Reserve, asserted that Chair Jerome Powell is not a lame duck and will continue to influence monetary policy actively. He emphasized Powell's intention to ensure a stable economy before transitioning to a new Fed chair, who will face a more complex committee dynamic.

U.S. stocks rose following the Federal Reserve's decision to cut interest rates by 25 basis points, marking the third consecutive reduction aimed at addressing ongoing economic challenges. Analysts Romaine Bostick, Katie Greifeld, Carol Massar, and Tim Stenovec provided insights during Bloomberg's market close coverage, highlighting the positive market response to the Fed's actions.

Markets are exhibiting caution ahead of the upcoming Federal Reserve meeting, with rising bond yields contributing to a wary sentiment among investors. Analysts from Bloomberg, including Romaine Bostick, Katie Greifeld, Carol Massar, and Tim Stenovec, provided insights during the market close coverage, reflecting on the potential implications of the Fed's decisions.

Jeff Simmons, CEO of Elanco Animal Health, highlighted the growth driven by the humanization of pets during an interview on 'The Close.' He noted that Elanco's new medication, Canilevia Quattro, is rapidly gaining market share and is the fastest blockbuster in the company's history.

Jed Laskowitz, Head of Global Private Markets at JPMorgan Asset Management, highlighted the favorable conditions for investing in public companies, noting that robust public markets can positively influence private markets. This perspective was shared during a discussion on Bloomberg's 'The Close.'