AI Doom Drags On, Stocks Rebound

OpenAI shared several undisclosed incidents of its AI models misbehaving, further fueling public concerns about the speed of growth of AI. Bloomberg News AI Reporter Shirin Ghaffary explains what OpenAI and others are doing to try and ease those fears. Plus, markets saw a rebound Thursday after falling the day prior on the heels of the Federal Reserve hiking interest rates. Principal Asset Management's Chief Global Strategist Seema Shah discusses what's happening in the bon market. Then, Citi Head of Global Government Affairs Candi Wolff previews next week's meeting between President Trump and China's Xi Jinping. Finally, Bloomberg Intelligence US Homebuilding Analyst Drew Reading discusses the rising mortgage rates and the impact on homebuilder sentiment. All on the latest episode of "Bloomberg Businessweek Daily." OpenAI shared several undisclosed incidents of its AI models misbehaving, further fueling public concerns about the speed of growth of AI. Bloomberg News AI Reporter Shirin Ghaffary explains what OpenAI and others are doing to try and ease those fears. Plus, markets saw a rebound Thursday after falling the day prior on the heels of the Federal Reserve hiking interest rates. Principal Asset Management's Chief Global Strategist Seema Shah discusses what's happening in the bon market. Then, Citi Head of Global Government Affairs Candi Wolff previews next week's meeting between President Trump and China's Xi Jinping. Finally, Bloomberg Intelligence US Homebuilding Analyst Drew Reading discusses the rising mortgage rates and the impact on homebuilder sentiment. All on the latest episode of "Bloomberg Businessweek Daily." Chapters 00:00:00 Bloomberg Businessweek Daily 00:02:19 Markets Rally as Oil Prices Fall 00:04:14 OpenAI Discloses AI Misalignment Incidents 00:06:31 AI Safety, Regulation & Industry Oversight 00:10:03 Fed Rate Hike & the Market Outlook 00:11:26 What's Next for Interest Rates? 00:12:50 Midterms, Data Centers & Market Volatility 00:15:13 Earnings Become the Next Market Catalyst 00:16:52 Treasury Yields & Higher Borrowing Costs 00:20:44 Russia Sanctions & New Tariff Authority 00:23:01 Trump-Xi Summit & U.S.-China Trade 00:24:22 U.S. Delays New Capacity Tariffs 00:27:12 Canada, the EU & the Trade War 00:28:23 Crypto Regulation After the Clarity Act 00:29:37 Iran War, Oil Prices & Affordability 00:34:30 Housing Market Struggles as Mortgage Rates Rise 00:36:18 Homebuilders Face Affordability & Inflation Pressures 00:40:01 Mortgage Rates Top 7% 00:43:04 Stock Movers: Generac & the AI Data Center Boom 00:45:25 CoreWeave Falls on New Fundraising 00:46:22 Tokenized Stocks Boost Securitize & Coinbase -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts