AI Trade Roars Back, Anthropic IPO Outlook, Nordstrom Co-CEO on Going Private
Channel: Bloomberg Television
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Read a transcript preview of “AI Trade Roars Back, Anthropic IPO Outlook, Nordstrom Co-CEO on Going Private” from Bloomberg Television, uploaded on 2026-11-12.
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Language: English (creator captions)
[0:01] ♪>> QUICK COUNT OUT IS -- THE COUNTDOWN IS ON.
[0:03] THIS IS THE CLOSE. ROMAINE: AI REEBONZ EVEN AS
[0:09] QUESTIONS REMAIN UNANSWERED. I AM ROMAINE BOSTICK.
[0:17] VONNIE: WE ARE KICKING YOU OUT TO THE CLOSING BELLS IN THE
[0:18] U.S.. LET'S HAVE A LOOK AT THE
[0:19] MARKETS. WE HAVE RECOVERED ALL OF OUR
[0:25] POSTELECTION LOSSES ON THAT PARTICULAR INDEX.
[0:31] EQUITIES WISE, PARTICULARLY SINCE THE BOND MARKET CLOSED FOR
[0:33] SERVICE OF VETERANS THAT. NOT QUITE AT SESSIONS HIGH BUT
[0:36] GETTING THERE AGAIN. THE S&P 500 AT 1.4%.
[0:44] BRENT CRUDE UP ABOUT A PERCENT TODAY BUT STILL AT $92.
[0:46] NOT A PROBLEM FOR EQUITIES AT THIS LEVEL.
[0:49] THE DOLLAR INDEX CONTINUES TO STRENGTHEN.
[0:52] WE WILL SEE WHAT THE BOND MARKET DOES TOMORROW AS FED RATE HIKE
[0:55] BETS CONTINUE TO GAIN STEAM. ROMAINE: THE BIG STORY IS ABOUT
[0:59] WALL STREET TRYING TO PUT THE PIECES OF THE AI TRADE BACK
[1:00] TOGETHER. THAT GRIND HIGHER WE ARE SEEING
[1:06] IN SEMIS THAT AT ONE POINT PUSHED THAT NASDAQ 100 PAST.
[1:12] THOUGH, WE SHOULD POINT OUT IT IS BEING ACCOMPLISHED AT THE
[1:15] EXPENSE OF AMAZON, META, MICROSOFT WHICH ARE GETTING SOLD
[1:17] POTENTIALLY AS A SOURCE OF FUNDING TO PILE BACK INTO SOME
[1:20] OF THOSE CHIP STOCKS AND CLOUD NAMES LIKE SANDISK, COREWEAVE
[1:23] AND INTEL. INTEL UP 8% ON THE DAY.
[1:29] IT IS A LITTLE LESS CONVINCING WITH MARKET LEADERSHIP STILL
[1:30] CONCENTRATED. THE DOW JONES INDUSTRIAL AVERAGE
[1:35] STILL LACKING AND FIVE OF THE 11 S&P SECTORS NOT QUITE PULLING
[1:36] THEIR WEIGHT. MAKE NO MENTION OF THE FACT THAT
[1:41] THIS REBOUND COMES THE DAY AFTER THAT POTTER INFLATION PRINT
[1:46] DROVE THE YIELD BACK TO 5%. WITH A CAST SESSION CLO