Original title: Kraft Heinz to Split into Two Publicly Traded Companies | Bloomberg Markets 9/2/2025
00:00 > > WELCOME TO “BLOOMBERG MARKETS.” I’M SCARLET FU. HERE’S WHERE THINGS STAND AT MIDDAY IN NEW YORK ON THIS FIRST TRADING DAY OF SEPTEMBER. WE HAVE A DECLINE IN STOCKS. IT’S A SELLOFF, IN FACT, IN STOCKS AND BONDS. THE S & P 500 LOSING 1.4% RIGHT NOW. WHAT YOU’RE SEEING IS YIELDS RISING ACROSS THE CURVE. ON THE 10-YEAR, THAT’S FOLLOWING GLOBAL BENCH MARK YIELDS HIGHER. THE DOLLAR IS CLIMBING TODAY VERSUS ALL THE G10 CURRENCIES, ESPECIALLY WHEN YOU AND AIR IT TO THE POUND. LET’S LOOK AT GOLD. GOLD IS AT A RECORD HIGH, AT LEAST SPOT GOLD WAS, IF YOU LOOK AT X.A.U., TOPPING $3,500 AN OUNCE ON EXPECTATIONS THE FED WILL CUT RATES DUE TO THE SOFTER LABOR MARKET. GOING BACK TO THE POUND THERE, LOSING MORE THAN 1%, WHICH IS UNUSUAL. THAT DOES NOT HAPPEN TYPICALLY. THE BRITISH POUND DECLINING OVER CONCERN ABOUT KEY STARMER’S GOVERNMENT – KEIR STARMER’S GOVERNMENT, AND IT’S NOT JUST THE U.K. CURRENCY, IT’S OTHER ASSETS, INCLUDING THE U.K.30-YEAR LONG BOND THERE. THE YIELD IS AT THE HIGHES