Bloomberg Surveillance on August 28, 2026, focused on key market drivers including Nvidia's blockbuster earnings, which spurred a rally in tech stocks and reinforced confidence in the AI trade that has been a significant force in the US bull market. Ian King, US Semiconductor Reporter for Bloomberg News, provided insights into Nvidia's performance and its impact on the market.
A significant portion of the discussion revolved around the upcoming speech by Fed Chair Kevin Warsh at the Jackson Hole symposium. Markets were closely watching for clues on his policy outlook, particularly concerning inflation and interest rates. Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent, reported live from Jackson Hole, while Jack Manley of JPMorgan Asset Management offered his perspective on market expectations.
Other topics included the potential for larger US debt buybacks, with Treasury Secretary Scott Bessent surprising markets with a boost to these buybacks as yields reached multi-year highs. The program also touched upon corporate earnings, with discussions involving Nina Trentmann and Eric Aboaf of S&P Global, as well as an $18 billion settlement by Meta over youth addiction claims to social media, featuring Matthew O’Neill, co-producer of a documentary on the subject. Oil prices hovering near $90 a barrel and elevated Treasury yields, with 10-year notes at 4.676%, were also noted as contributing factors to market dynamics.
