Bloomberg Television

Hot Inflation, AI Selloff & Anthropic IPO

Tim Urbanowicz, Atsi Sheth, Debby Soo, Diane Swonk, Rob Holmes, Katy Kaminski, Gil Luria, Lauren Cassidy, Ron Kruszewski, Paul Segal, Willy Walker, Vonnie Quinn, Jess Mitten, Michael Shepard, Tim Stanavek, Carol, Vani

Hotter-than-expected CPI data and hawkish comments from Federal Reserve Governors Waller, Bowman, and Logan drove Treasury yields higher while triggering broad market declines, with the Dow Jones outperforming the tech-heavy Nasdaq and semiconductor sector. Investors subsequently reacted to CoreWeave's post-market earnings beat and raised guidance by grappling with the company's high interest expenses and equity dilution risks alongside NVIDIA's falling price due to CEO Jensen Huang's ongoing investigations. The session concluded with strategic pivots across sectors as firms like Charter Communications announced debt buybacks, while policymakers debated future rate hikes and housing subsidies against a backdrop of intensing competition for data center capital.