Bank of America CEO Brian Moynihan said trading revenue will be “relatively flat” compared with last year’s third quarter, a break from the surge that Wall Street saw in the first half. The news sent shares of Bank of America and other big banks falling. 

Following that news, Moynihan spoke with Bloomberg’s Dani Burger from the sidelines of Barclays Global Financial Services Conference in New York and talked about the bank’s outlook, his thoughts on guardrails for artificial intelligence and more.

Bank of America CEO Brian Moynihan said trading revenue will be &ldquo;relatively flat&rdquo; compared with last year&rsquo;s third quarter, a break from the surge that Wall Street saw in the first half. The news sent shares of Bank of America and other big banks falling. Following that news, Moynihan spoke with Bloomberg&rsquo;s Dani Burger from the sidelines of Barclays Global Financial Services Conference in New York and talked about the bank&rsquo;s outlook, his thoughts on guardrails for artificial intelligence and more.

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Listen for top interviews from Bloomberg News. Hear conversations with the biggest names in finance, politics, technology, foreign relations, sports and entertainment.

Listen to top interviews from Bloomberg News.

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Bank of America CEO Brian Moynihan Talks Trading Revenue, AI Safety

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3b88dfe7-42a2-4ac9-948f-b4c501486aab/transcript

Bloomberg News' Ottawa Bureau Chief Brian Platt sits down with Canadian Prime Minister Mark Carney ahead of the country's first national investment summit in Toronto. Carney says he thinks it’s still possible for the US and Canada to reach a “mutually advantageous” deal that would reduce trade barriers. He notes that Canada is "ready to sit down and negotiate that and move it forward". Carney adds that he welcomed President Trump’s comments over the weekend that he believed the countries could reach an agreement fairly soon. He also discusses the need to strengthen AI guardrails and more. 

Bloomberg News' Ottawa Bureau Chief Brian Platt sits down with Canadian Prime Minister Mark Carney ahead of the country's first national investment summit in Toronto. Carney says he thinks it&rsquo;s still possible for the US and Canada to reach a &ldquo;mutually advantageous&rdquo; deal that would reduce trade barriers. He notes that Canada is "ready to sit down and negotiate that and move it forward". Carney adds that he welcomed President Trump&rsquo;s comments over the weekend that he believed the countries could reach an agreement fairly soon. He also discusses the need to strengthen AI guardrails and more.&nbsp;

Canadian Prime Minister Mark Carney Talks US Trade, AI Guardrails

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d2c39fa1-2a66-4612-bbdf-b4c501032786/transcript

Barclays CEO CS Venkatakrishnan says that the extreme specter of AI does not take away the value of its "mainstream capabilities," while speaking with Bloomberg's Dani Burger at the Barclays Global Financial Services Conference in New York. Venkatakrishnan says that his firm is working to train people for different jobs so they can prepare for a future where AI increases efficiency. He also says that Federal Reserve policymakers need to respond to "the persistency of inflation" and doing so on the front end would better help in the long run.

Barclays CEO CS Venkatakrishnan says that the extreme specter of AI does not take away the value of its "mainstream capabilities," while speaking with Bloomberg's Dani Burger at the Barclays Global Financial Services Conference in New York. Venkatakrishnan says that his firm is working to train people for different jobs so they can prepare for a future where AI increases efficiency. He also says that Federal Reserve policymakers need to respond to "the persistency of inflation" and doing so on the front end would better help in the long run.

Barclays CEO CS Venkatakrishnan Talks AI Development & Inflation

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/661bd833-270c-4a86-ab2d-b4c5010007ff/transcript

US Energy Secretary Chris Wright says he expects Saudi Arabia’s East-West Pipeline to the Red Sea to be up and running “very soon.” Wight also discusses flows of crude oil and oil products through the Strait of Hormuz and the status of the US’s strategic petroleum reserve with hosts Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern on Bloomberg TV and Radio.

US Energy Secretary Chris Wright says he expects Saudi Arabia&rsquo;s East-West Pipeline to the Red Sea to be up and running &ldquo;very soon.&rdquo; Wight also discusses flows of crude oil and oil products through the Strait of Hormuz and the status of the US&rsquo;s strategic petroleum reserve with hosts Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern on Bloomberg TV and Radio.

US Energy Secretary Chris Wright Talks Saudi Oil Pipeline & Iran War 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/29398b8b-997d-4f94-8b98-b4c500fbe34e/transcript

Bank of America CEO Brian Moynihan Talks Trading Revenue, AI Safety

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