Bloomberg Money with Tom Keene and Scarlet Fu | 6/5/2026

Summary

Bloomberg Money hosts Tom Keene and Scarlet Fu discuss inflation's impact on voters and markets, the upcoming SpaceX IPO, and the rise of gambling-like behavior in markets. Guests Liz Ann Sonders warns against betting and emphasizes long-term investing with a plan, while Gabriela Santos advises shifting from cash to diversified assets including equities and real assets for retirement and inflation protection.

• US job growth topped forecasts, raising inflation concerns and causing equities to decline.
• SpaceX IPO is expected next week with significant retail allocation, but index inclusion timelines vary.
• Liz Ann Sonders criticizes the casino-like culture in markets, noting betting markets have a 95% loss rate.
• Sonders advocates for a long-term investment plan and warns against short-term trading and timing the market.
• Gabriela Santos argues cash is not king when inflation exceeds cash yields, urging investment in equities and credit.
• Santos recommends diversifying with real estate, infrastructure, and transportation to hedge inflation shocks.
• The segment also covers college savings, retirement planning, and book recommendations from Jeffrey Rosenberg.