S&P 500 Climbs 2% on Economic and Trade Optimism
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Tony Rodriguez, Nuveen, Kai Haakon E. Liekefett, Sidley Austin LLP, Timna Tanners, Wolfe Research, Chad Tredway, JPMorgan Asset Management, Thomas Buckley, Bloomberg News, Holly MacDonald, Bessemer Trust, Ed Mills, Raymond James, Akayla Gardner, Bloomberg News, Sarah Green Carmichael, Bloomberg Opinion, Dana Telsey, Tesley Advisory Group, Doug Clinton, Intelligent Alpha, Jason Kelly, Bloomberg News. (Source: Bloomberg)
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29 minutes ago
- Yahoo
Trump's Late-Night Lament Over Xi Deepens Impasse in Trade Fight
(Bloomberg) -- President Donald Trump is positioning a personal discussion with his Chinese counterpart as the key to preventing the world's largest economies from spiraling deeper into their trade and technology fight. The Global Struggle to Build Safer Cars At London's New Design Museum, Visitors Get Hands-On Access ICE Moves to DNA-Test Families Targeted for Deportation with New Contract LA City Council Passes Budget That Trims Police, Fire Spending NYC Residents Want Safer Streets, Cheaper Housing, Survey Says But Chinese leader Xi Jinping is making clear that a phone call doesn't come without a price — a resolute stand so far that's apparently keeping Trump up late into the night. 'I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!' Trump posted on Truth Social at around 2:17 a.m. Washington time. His complaint came after a flurry of US officials claimed this week the two men were set to speak. Exactly what the Chinese are asking the White House to relinquish in order to secure the one-on-one remains unclear. But the US president's unanswered pleas are looking more like a standoff without an off ramp. Beijing, meanwhile, is making overtures in the direction of Europe, which is engaged in its own tariff dispute with Trump. 'If China doesn't want a call, it could be that they don't intend to comply or are intentionally holding their cards for the time being,' said Kelly Ann Shaw, a partner at Akin Gump and former senior adviser to Trump during his first term. 'If there isn't a call, I would expect further escalation in the bilateral relationship before things de-escalate again.' At the heart of the stalemate is a mismatch in negotiating styles that, if it continues, threatens to derail the bilateral relationship. While Trump wants to hash things out with his counterpart, Chinese officials are reluctant to commit before working out deliverables at lower levels. Oval Office showdowns with the leaders of South Africa and Ukraine in recent weeks have likely offered little reassurance to Beijing to accept Trump's terms. A 'Disconnect' 'There's a fundamental disconnect here,' former acting White House Chief of Staff Mick Mulvaney told Bloomberg Television on Tuesday. 'Trump wants to talk at the very highest levels. That's not always how the Chinese want to do business.' While it isn't impossible for the US and China to strike a deal, expectations for what it would entail look out of sync. Policymakers in Beijing want to have broader access to high-end US chips, essentially for AI and military advancement, as well as the opportunity for more Chinese investment in the US. Beijing could be open to buying more US agricultural products, too. Rolling back sweeping controls on cutting-edge technology expanded under Joe Biden would be politically toxic in Washington, where there's rare consensus among Democrats and Republicans that China poses a national security threat. Officials in Washington also believe Beijing has been dumping goods on the US for decades, threatening American jobs and industry, and are seeking major concessions. That both sides are talking past each other has become evident in the confusion over China's position on rare earths — metals that are core to America's national-security supply chains and automakers in particular. Trump and his team have accused Beijing of breaking the trade agreement announced in mid-May, where both countries significantly lowered tariffs and China agreed to remove other retaliatory measures it imposed in response to earlier duty hikes. In Washington's view, that meant China would immediately grant licenses to export rare earths to American companies that had been cut off. Stalling for Time US Trade Representative Jamieson Greer said China has slow-walked the process. Companies that are reliant on the inputs are feeling the supply squeeze, with some temporarily shuttering production. From Beijing's perspective, it's following procedure on a license system that exports to all nations must follow. As tensions over such shipments grow, the Trump administration has continued to impose restrictions on chip technology and exports of jet engine parts to China. Beijing publicly criticized the moves and, according to the Trump team, continued choking off critical minerals supplies to American companies. While giving Trump the cold shoulder, China is tilting its attention toward Europe, where it sees an opening for deeper trade ties after Trump hit the European Union with tariffs and threatened steeper ones. In anticipation of the EU-China summit in late July in Beijing, Europe's trade chief Maros Sefcovic on Tuesday met Chinese Commerce Minister Wang Wentao in Paris. Ahead of next month's summit, China is considering placing an order for hundreds of Airbus SE aircraft as soon as next month to celebrate the economies' long-term ties, Bloomberg News reported. That represents another blow to Boeing Co., which hasn't won a major order from China since at least 2017 due to the trade tensions and other issues. It all stands in contrast to Trump's first trade offensive against China, when it took just 10 weeks for China to announce Xi would fly to Mar-a-Lago for talks with the US. The result was a so-called phase one trade deal aimed at boosting Chinese purchases of American products — an agreement that went dormant during the Biden administration. This time around, ties have derailed much more quickly — despite Chinese efforts to steady things. January Call Just before Trump's most recent inauguration, Xi called Trump and told the incoming leader he was hoping for a good start to US-China ties, with both sides agreeing to stay in touch. Days later, Trump began targeting fentanyl cooperation, attacking a relatively bright spot in bilateral ties where Beijing has said the US owes it a 'big thank you' for efforts to curtail smuggling. China has repeatedly pointed to demand from Americans as the root cause of fentanyl abuse. Trump followed up with a 20% tariff, setting off tit-for-tat rounds of levies that essentially imposed a trade embargo on the two nations. A US federal court ruled Trump's duties were illegal, sapping the president of leverage, but the order was put on hold as a higher court considers an appeal. Also playing into Xi's reluctance is the fact China is in a stronger position now than in the last trade war to weather Trump's unpredictability. The world's No. 2 economy has been diversifying beyond the US market, its people are relatively united in the face of Trump's threats, and the US is alienating friends and foes alike with its overhaul of economic and defense policy. 'One problem is that Trump is trying to use deal-making to normalize trade aggression,' said Josef Gregory Mahoney, a professor of international relations at Shanghai's East China Normal University. 'Another issue is that he remains an opportunist, and even when deals are struck you can't count on him to keep them, or the next administration.' YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Is Elon Musk's Political Capital Spent? Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P.
Yahoo
31 minutes ago
- Yahoo
Bloomberg Expands Alternative Data Offering with Web Traffic Data from Similarweb
Doubles company coverage of Bloomberg's {ALTD} and empowers Bloomberg Terminal clients to generate deeper insights and make more informed investment decisions using alternative data NEW YORK, June 04, 2025--(BUSINESS WIRE)--Bloomberg today announced the availability of Similarweb's web traffic data on the Bloomberg Terminal via {ALTD}, significantly enhancing its alternative data offering with near real-time insights into online traffic performance that will grow to cover 3,000 public and private companies. Complementing existing alternative datasets on Bloomberg's Alternative Data Analytics Platform, which include consumer transaction data analytics from Bloomberg Second Measure and foot traffic data analytics from the addition of Similarweb data analytics allows investors to better nowcast company KPIs and discover emerging trends in company performance. Similarweb, a global leader in web analytics and digital performance data, delivers robust web and app analytics sourced from over 200 million devices, 100 million websites, and 4 million apps worldwide. Now available through {ALTD}, the web traffic dataset provides Bloomberg Terminal users with granular, daily-level intelligence on web traffic across 190 countries. The data is delivered on a 7-day lag with 5 years of history. "We're thrilled to bring Similarweb's web traffic data to the Bloomberg Terminal at a time when understanding online behavior is more critical than ever," said Or Offer, Co-Founder and CEO of Similarweb. "In today's digital-first economy, a company's online footprint often reveals shifts in performance long before traditional indicators. By collaborating with Bloomberg, we're giving investors a powerful edge—enabling them to spot emerging trends, benchmark competitive activity and make even more confident decisions, all within the Bloomberg Terminal workflows they already value." "As clients increasingly seek faster, more predictive signals—especially in today's volatile markets—Bloomberg is continuing to invest in alternative datasets that offer early, actionable insights," said Richard Lai, Global Head of Alternative Data at Bloomberg. "By embedding Similarweb's digital intelligence data directly into the Bloomberg Terminal, we're enabling our clients to make timelier and better-informed investment decisions through another incredibly powerful dataset. We are thrilled to be partnering with Similarweb, an industry leader, in offering these valuable insights to our clients." Key highlights of Bloomberg's expansion of {ALTD} with data from Similarweb include: Increase in Company Coverage: Company coverage in {ALTD} will expand to more than 3,000 companies, including international and private companies. Expanding Sector Coverage: Coverage will increase across high-interest sectors including SaaS, e-commerce, AI, streaming, TMT, and health care. Enhanced Data Signal: Similarweb will allow for improved tracking of company KPIs, and trend validation across alternative datasets. Similarweb is the latest alternative dataset integrated with {ALTD} (launched in 2023). By making the data available alongside consumer transaction data analytics from Bloomberg Second Measure and foot traffic analytics from Bloomberg provides a multi-dimensional view of company performance and macroeconomic shifts, offering investors a decisive edge. About Bloomberg Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit or request a Similarweb Similarweb powers businesses to win their markets with Digital Data. By providing essential web and app data, analytics, and insights, we empower our users to discover business opportunities, identify competitive threats, optimize strategy, acquire the right customers, and increase monetization. Similarweb products are integrated into users' workflow, powered by advanced technology, and based on leading comprehensive Digital Data. Learn more: Similarweb | Similarweb Digital Data Free Tools: Analyze any website or app | Verify your website | Browser extension Follow us: Blog | LinkedIn | YouTube | Instagram | X Disclaimer: All names, brands, trademarks, and registered trademarks are the property of their respective owners. The data, reports, and other materials provided or made available by Similarweb consist of or include estimated metrics and digital insights generated by Similarweb using its proprietary algorithms, based on information collected by Similarweb from multiple sources using its advanced data methodologies. Similarweb shall not be responsible for the accuracy of such data, reports, and materials and shall have no liability for any decision made or action taken by any third party based in whole or in part on such data, reports, and materials. View source version on Contacts Media ContactsHannah Logan, hlogan5@ +1-212-617-9742Susan Doyle, sdoyle37@ +1-202-807-2213Press: David F. Investors: Rami
Business Wire
36 minutes ago
- Business Wire
Bloomberg Expands Alternative Data Offering with Web Traffic Data from Similarweb
NEW YORK--(BUSINESS WIRE)--Bloomberg today announced the availability of Similarweb's web traffic data on the Bloomberg Terminal via {ALTD}, significantly enhancing its alternative data offering with near real-time insights into online traffic performance that will grow to cover 3,000 public and private companies. Complementing existing alternative datasets on Bloomberg's Alternative Data Analytics Platform, which include consumer transaction data analytics from Bloomberg Second Measure and foot traffic data analytics from the addition of Similarweb data analytics allows investors to better nowcast company KPIs and discover emerging trends in company performance. 'By embedding Similarweb's digital intelligence data directly into the Bloomberg Terminal, we're enabling our clients to make timelier and better-informed investment decisions through another incredibly powerful dataset." Richard Lai, Bloomberg Share Similarweb, a global leader in web analytics and digital performance data, delivers robust web and app analytics sourced from over 200 million devices, 100 million websites, and 4 million apps worldwide. Now available through {ALTD}, the web traffic dataset provides Bloomberg Terminal users with granular, daily-level intelligence on web traffic across 190 countries. The data is delivered on a 7-day lag with 5 years of history. 'We're thrilled to bring Similarweb's web traffic data to the Bloomberg Terminal at a time when understanding online behavior is more critical than ever,' said Or Offer, Co-Founder and CEO of Similarweb. 'In today's digital-first economy, a company's online footprint often reveals shifts in performance long before traditional indicators. By collaborating with Bloomberg, we're giving investors a powerful edge—enabling them to spot emerging trends, benchmark competitive activity and make even more confident decisions, all within the Bloomberg Terminal workflows they already value.' 'As clients increasingly seek faster, more predictive signals—especially in today's volatile markets—Bloomberg is continuing to invest in alternative datasets that offer early, actionable insights,' said Richard Lai, Global Head of Alternative Data at Bloomberg. 'By embedding Similarweb's digital intelligence data directly into the Bloomberg Terminal, we're enabling our clients to make timelier and better-informed investment decisions through another incredibly powerful dataset. We are thrilled to be partnering with Similarweb, an industry leader, in offering these valuable insights to our clients.' Key highlights of Bloomberg's expansion of {ALTD} with data from Similarweb include: Increase in Company Coverage: Company coverage in {ALTD} will expand to more than 3,000 companies, including international and private companies. Expanding Sector Coverage: Coverage will increase across high-interest sectors including SaaS, e-commerce, AI, streaming, TMT, and health care. Enhanced Data Signal: Similarweb will allow for improved tracking of company KPIs, and trend validation across alternative datasets. Similarweb is the latest alternative dataset integrated with {ALTD} (launched in 2023). By making the data available alongside consumer transaction data analytics from Bloomberg Second Measure and foot traffic analytics from Bloomberg provides a multi-dimensional view of company performance and macroeconomic shifts, offering investors a decisive edge. About Bloomberg Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit or request a demo. About Similarweb Similarweb powers businesses to win their markets with Digital Data. By providing essential web and app data, analytics, and insights, we empower our users to discover business opportunities, identify competitive threats, optimize strategy, acquire the right customers, and increase monetization. Similarweb products are integrated into users' workflow, powered by advanced technology, and based on leading comprehensive Digital Data. Disclaimer: All names, brands, trademarks, and registered trademarks are the property of their respective owners. The data, reports, and other materials provided or made available by Similarweb consist of or include estimated metrics and digital insights generated by Similarweb using its proprietary algorithms, based on information collected by Similarweb from multiple sources using its advanced data methodologies. Similarweb shall not be responsible for the accuracy of such data, reports, and materials and shall have no liability for any decision made or action taken by any third party based in whole or in part on such data, reports, and materials.
