Warsh Makes Vow on Inflation, as Big Banks Report Earnings | Bloomberg Businessweek Daily 7/14/2026

Today, Bloomberg News’ Mike Mckee and Yelena Shulyatyeva, Senior Economist from The Conference Board, break down Fed Chair Warsh’s remarks Tuesday vowing to deliver price stability and what it says about how he will lead the Central Bank. Then Udesh Jha, Chief Risk Officer at Kalshi, explains why the predictions market platform is building up its AI computing power. Plus, Bloomberg Finance Reporter Todd Gillespie and Bloomberg Chief Wall Street Correspondent Sridhar Natarajan help digest the deluge of bank earnings reported Tuesday. Finally, Ed Ludlow has the details on Lucid’s record 49% drop that prompted it to halt trading, and why the company says bankruptcy is not on the board.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:15 Market Update: CPI Cools, Tech Rallies, IBM Plunges
00:06:00 What We Learned From Kevin Warsh’s Testimony
00:11:20 Fed Governor Chris Waller on Inflation & Rates
00:17:45 Market Update: Lucid, IBM & Chip Stocks
00:21:10 Kalshi’s New AI Compute Futures Market
00:24:30 Can Computing Power Become a Tradable Asset?
00:29:55 Who Will Use AI Compute Futures?
00:39:00 Market Update: Banks Lead Earnings Season
00:41:15 Wall Street’s Trading Boom Returns
00:45:00 Is the Consumer Still Resilient?
00:47:45 Lucid’s Restructuring Drama Explained
00:50:10 Why Lucid Is Struggling in the EV Market
00:53:20 IBM’s Historic Selloff & Market Close Preview
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