Robinhood CFO on Retail IPO Demand, Agentic Trading

Robinhood is competing with other retail brokerages over access to Anthropic's mega-IPO and others as they come to market. CFO Shiv Verma says the company continues to see demand for IPO access, adding, "We're making sure the companies know retail is here." He also discusses the use of AI agents in trading accounts, saying customers continue asking for more agentic tools. Verma also says Robinhood is seeing an increase in non-sports related trades on its prediction market platform. Plus, Bloomberg News White House Correspondent Kate Sullivan joins to discuss President Trump's remarks from the Lincoln Memorial reflecting pool just one day before midterm elections. Then, Satya Thallam, Former Senior Counselor in the Trump White House joins to discuss data center opposition as a major issue in the election. Finally, Rep. Mike Lawler (R-NY) joins to discuss his campaign strategy as New Yorkers head to the polls Tuesday. Chapters: 00:00:00 Bloomberg Businessweek Daily 00:01:33 Robinhood on Anthropic's IPO 00:05:47 AI Agents & the Future of Trading 00:08:22 Robinhood's Prediction Markets Boom 00:13:13 Midterms, Regulation & Fintech 00:14:53 Markets: Oil Plunges on Iran Diplomacy 00:17:00 Trump's Role in the Midterms 00:18:40 Election Challenges, Polling & Turnout 00:24:13 Trump's Election Eve Speech 00:28:04 Iran, Oil Prices & Trump's Economic Message 00:32:01 Trump's Closing Message & Republican Risks 00:35:21 AI, Data Centers & Voter Backlash 00:39:43 Midterms & the Future of Tech Regulation 00:46:38 Michael Lawler on His Toss-Up House Race 00:50:13 Iran & U.S. Foreign Policy 00:53:11 Stock Movers: AI Deal, Marriott & Rivian -------- 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