Bank Earnings, AI & the Health of the Economy

The Close 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 Wells Fargo CFO Mike Santomassimo, Golfer Rory McIlroy, Jefferies Equity Research Analyst David Chiaverini, PSP Growth Managing Director, Head of Venture Momei Qu, Applied Materials CEO & President Gary Dickerson, RBC Capital Markets Head of Derivatives Strategy Amy Wu Silverman, Advisors Capital Management Co-Founder & CIO Chuck Lieberman, Brookfield Asset Management CEO Connor Teskey, Blackstone President & COO Jonathan Gray, Vista Equity Partners Founder, Chairman & CEO Robert Smith, & Barclays Senior Equity Analyst Jason Goldberg. Chapters: 00:00:00 Bloomberg The Close 00:02:37 Wells Fargo CFO on Lending, Credit & the Consumer 00:08:03 M&A, Wells Fargo Growth & Credit Cards 00:13:41 Rory McIlroy on LIV Golf & the Future of the PGA Tour 00:16:07 Top Calls 00:17:18 Big Bank Earnings, Rates & Capital Markets 00:22:21 Anthropic IPO, AI Valuations & Venture Capital 00:26:38 Applied Materials CEO on AI & the Chip Boom 00:32:03 AI Compute Demand & Applied Materials’ Growth Outlook 00:36:02 RBC on Earnings, Bond Yields & Market Volatility 00:41:27 AI Risk, Market Fragility & Hedging Strategies 00:43:04 Closing Bell 00:48:14 Market Movers: Citi, Domino’s & Six Flags 00:54:17 Market Recap: Chips, Oil & Fed Rate Outlook 00:56:21 Bank Earnings, AI & the Health of the Economy 01:01:38 Brookfield & Blackstone on the AI Infrastructure Boom 01:08:06 Vista’s Robert F. Smith on “Software as a Worker” 01:13:06 Enterprise AI, Data Security & Agentic Software 01:18:09 AI Agents, Productivity & the Future of Jobs 01:23:20 Frontier Models, Open-Weight AI & Enterprise Computing 01:25:01 Saudi Aramco Headquarters Hit in Missile Attack 01:27:23 Bank of America Hit With $1.2 Billion Fine 01:30:21 What to Watch -------- 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…