Bloomberg experts discuss strained US consumer finances from minimal retail sales increase. Nvidia leads market cap race as AI propels tech giant. Insights on sustainability investing, Boeing CEO testimony, and migration trends. BlackRock's active ETF strategies and High Yield ETF launch.
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Quick takeaways
US retail sales show consumer strain, Nvidia leads in semiconductor market, migration boom to the South.
Deep dives
Semiconductor Industry Growth and Demand for AI Technology
Investors are recognizing the importance of the semiconductor industry in fueling the growth of artificial intelligence. There has been over a billion dollars inflow into semiconductor ETFs this year, highlighting investor interest in this sector.
Active Equity ETFs and Demand for Alpha-Generating Strategies
Investors are increasingly seeking alpha-generating strategies in their portfolios through active equity ETFs. ETFs are seen as a tool to achieve portfolio diversification and generate returns within various market segments.
BlackRock Launches BELT ETF for Long-Term U.S. Equity Exposure
The newly launched BlackRock Long-Term U.S. Equity ETF (BELT) provides investors with exposure to a unique and diversified basket of U.S. large-cap stocks that emphasizes long-term growth potential. The ETF offers a differentiated source of alpha beyond the S&P 500.
BRHY: BlackRock High Yield ETF Provides Investors with High Yield Bond Exposure
The BlackRock High Yield ETF (BRHY) offers investors exposure to the high yield bond market, providing an opportunity to seek high income and total return. The ETF aims to provide choice and access to high yield bonds within investors' portfolios.
Bounceback in Nvidia and Semiconductor Industry Driving ETF Inflows
The semiconductor industry, led by Nvidia's performance, has seen significant inflows in ETFs, with investors recognizing the growth potential in AI and high computing demand. Investors are bullish on broad semiconductor exposure and active strategies to capture sector growth.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News Economics Editor Molly Smith and Bloomberg News Rates Reporter Michael Mackenzie break down news that US retail sales barely rose in May and prior months were revised lower, pointing to greater financial strain among consumers. Bloomberg News Chief Markets Correspondent Abigail Doolittle reports on Nvidia’s relentless rally propelling the semiconductor giant’s market capitalization over its mega-cap tech peers, helping it clinch the title of the world’s most-valuable company as the artificial intelligence wave continues. Jason Britton, CIO at Reflection Asset Management, discusses sustainability focused investing. Bloomberg Intelligence Senior Airlines Analyst George Ferguson has the latest on Boeing CEO Dave Calhoun's testimony before the US Senate. Bloomberg News Senior Editor Elizabeth Fournier and journalist and author Henry Grabar discuss the migration boom of New York and California residents moving to the South. And we Drive to the Close with Jay Jacobs, Head of Active ETFs at BlackRock. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.