Rebuilding After 9/11, Cantor Fitzgerald's Annual Charity, Eye on Energy Markets

Summary

Bloomberg's 'The Close' marks the 25th anniversary of 9/11 with reflections on rebuilding Lower Manhattan and financial-market resilience, plus interviews with former NY Fed President Bill Dudley, Cantor Fitzgerald executives, and others. Market coverage focuses on elevated energy prices, sticky inflation, rising Treasury yields, and expectations for a Fed rate hike next week. Guests also discuss AI infrastructure spending, digital assets and prediction markets, private-credit risk, and New York City real estate. The S&P 500 and other major indices closed higher on the day but lower for the week, with energy stocks and crude oil posting strong weekly gains.

• Show marks 25th anniversary of 9/11 with reflections on Lower Manhattan rebuilding and market resilience.
• Inflation and energy prices dominate market discussion; short-term Treasury yields spike.
• Bill Dudley expects Fed rate hike next week and more than one hike.
• Cantor Fitzgerald executives see early AI infrastructure cycle and long-term digital-asset opportunities.
• Ed Morse warns of elevated oil supply risk and West Coast refined-product tightness.
• Afsaneh Beschloss sees sticky inflation, higher rates, and private-credit systemic risk.
• Matt DiLiberto highlights NYC office resilience and SL Green's One Vanderbilt.
• Major U.S. equity indices rose Friday but fell for the week; crude oil up about 9-10%.