Bloomberg Businessweek's guests discuss Boeing's safety culture, US grid solutions, and Lime's $55 million global fleet expansion. Insights on challenges in the aerospace industry, grid infrastructure modernization, and sustainable transportation initiatives are shared.
Boeing under congressional scrutiny to overhaul safety culture.
Lime CEO investing $55 million to expand electric bike and scooter network.
Deep dives
AI Revolution's Early Stages
AI revolution is in its early stages, with broad implications beyond technology. Major productivity gains expected to positively impact bottom lines, but potential employment challenges need to be considered. Investors need to navigate the AI trend carefully, as winners and losers in AI development are yet to fully emerge.
Gold's Investment Appeal
Gold's 15% increase this year is partly attributed to emerging market central banks boosting gold holdings. Shift towards non-dollar transactions amid global market dynamics plays a role. Gold's attractiveness as a hedge against geopolitical and economic uncertainties reinforces its appeal for investors.
Market Analysis and Opportunities
Market's recent declines raise questions of buying opportunities. Emphasizing ownership of well-managed equities as a long-term strategy remains key. While top tech stocks dominate recent gains, broader market data shows a cheaper valuation and potential opportunities beyond narrow sector leadership.
US Treasury Yields and Dollar Dynamics
US Treasury yield fluctuations and dollar strength influence various asset classes. The inverse relationship between gold and the dollar is evident, with gold gaining amidst global currency shifts and emerging market buying activity. Emerging market central banks' gold accumulation impacts gold's investment dynamics.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence Senior Aerospace Analyst George Ferguson discusses US lawmakers challenging Boeing to expend the necessary time and effort to reset its safety culture. Maria Robinson, Director of Grid Deployment Office at the Department of Energy, shares her thoughts on accelerating deployment of US grid solutions to lower costs and improve reliability. Lime CEO Wayne Ting talks about the electric bike and scooter network investing more than $55 million to expand its global fleet. And we Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.