Bloomberg News Now
August 22, 2025: Markets Surge on Powell Speech, US 10% Equity in Intel, More
23 Aug 2025
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Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute. Capturing value and fixed income is not easy. Bond markets are massive, murky, and let's be real, lots of firms throw a couple flashy funds your way and call it a day. But not Vanguard. At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients.
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All investing is subject to risk. Vanguard Marketing Corporation Distributor. Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute. Capturing value and fixed income is not easy. Bond markets are massive, murky, and let's be real, lots of firms throw a couple flashy funds your way and call it a day. But not Vanguard.
At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients. We're talking top-grade products across the board of over 80 bond funds. actively managed by a 200-person global squad of sector specialists, analysts, and traders. These folks live and breathe fixed income.
So if you're looking to give your clients consistent results year in and year out, go see the record for yourself at Vanguard.com slash audio. That's Vanguard.com slash audio. All investing is subject to risk. Vanguard Marketing Corporation Distributor.
News when you want it with Bloomberg News Now. I'm Dan Schwartzman. Wall Street ends a five-day losing streak with a record-setting day as the Dow gained 846 points, a nearly 2% spike. The Nasdaq also ended the day close to a 2% gain, advancing 396 points. while the S&P 500 gained 97 points, or 1.5%.
Markets reacting to Fed Chair Jerome Powell's speech on Friday from the Federal Reserve Symposium in Jackson Hole, Wyoming, where Powell suggested an interest rate cut is on the table in September due to risks to the labor market. Here's Powell in remarks broadcast on Bloomberg Radio.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers. This unusual situation suggests that downside risks to employment are rising. And if those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment.
That's Fed Chair Jerome Powell. The Trump administration has stopped all work on an offshore wind farm off the coast of Rhode Island. The project is 80 percent complete, with all offshore foundations and 45 out of 65 wind turbines already installed, with the project set to be operational next year.
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