Bloomberg Talks

AON CFO Edmund Reese talks geopolitical uncertainty, uneven economic growth, and technological innovation. He talks to Bloomberg's Carol Massar and Tim Stenovec.
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Speaking to Bloomberg’s Francine Lacqua following the Bank of England’s decision to hold interest rates, Governor Andrew Bailey highlighted how geopolitical unpredictability and volatile oil prices pose ongoing upside risks to inflation, even as domestic price metrics temporarily eased. He noted a cooling "low-hire, low-fire" UK labor market, driven by broader economic softening rather than early-stage AI adoption, where reduced turnover is driving up youth unemployment and creating hurdles for job seekers.
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Starbucks Chairman and CEO Brian Niccol says that customers are spending more per visit by adding drink additions and food, while improved staffing and store upgrades are boosting transactions. Speaking to Romaine Bostock on Bloomberg Open Interest, Niccol says that the company's turnaround efforts are driving broad-based sales gains across customer demographics.
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White House National Economic Council Director Kevin Hassett says he has full confidence in Federal Reserve Chairman Kevin Warsh after the central bank decided to keep rates unchanged. Speaking on "Bloomberg Open Interest," Hassett also weighs in on current inflation levels and says he doesn't see markets in bubble territory because of AI.
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Senator John Kennedy (R-LA) says maintaining sanctions and a blockade on Iran will be "painful" for Americans ahead of the midterms, but argues that sustaining the pressure for several more months may be the most effective way to move Tehran. The Louisiana Republican calls inflation "pernicious" and says the Federal Reserve will have to raise rates if it is not brought under control. Sen. Kennedy also says that, "if I had to bet," the Senate Judiciary Committee will not vote on Todd Blanche's nomination for attorney general tomorrow. He talks to Bloomberg's Joe Mathieu and Kailey Leinz.
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