Oil ticked higher as strong demand for physical barrels collided with easing supply disruptions in the Middle East and progress toward reopening the Strait of Hormuz, though repeated false starts have left traders skeptical.
President Donald Trump said he is still looking “very seriously” at implementing a US ban on diesel exports to combat high prices, even as others in his administration continue to focus on other possible steps.
The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out.
The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by IAEA Director General Rafael Grossi, The New York Times Finance Reporter Maureen Farrell, Cuban Deputy Foreign Minister Carlos Fernandez de Cossio, Renaissance Macro Research Head of Economics Neil Dutta, Ways and Means Committee AI Caucus Co-Chair VA Rep. Don Beyer, Puck Washington Writer Abby Livingston, and Rutgers Eagleton Institute of Politics Director Ashley Koning. (Source: Bloomberg)
Bloomberg entertainment reporter Lucas Shaw is on Bloomberg This Weekend examining Paramount Skydance’s acquisition of Warner Bros. Discovery and the challenge of turning two legacy media companies into a growing business as cable declines and streaming growth slows. Speaking with Lisa Mateo, Shaw says the merger could reshape Hollywood while raising questions about debt, further consolidation and whether streaming companies such as Netflix need new sources of growth. (Source: Bloomberg)
Bloomberg News Washington breaking news Editor Bryan Pietsch is on Bloomberg This Weekend discussing uncertainty surrounding the Kennedy Center’s renovation, possible demolition and the displacement of major performing arts groups. He tells hosts David Gura and Christina Ruffini that musicians and other performers are continuing at venues across the Washington region as legal disputes complicate plans for the center. (Source: Bloomberg)
Bloomberg White House correspondent and national security editor Michelle Jamrisko is on Bloomberg This Weekend discussing renewed US-Iran diplomacy after indirect talks in New York failed to overcome disagreements over sanctions, the US blockade and the Strait of Hormuz. Speaking with hosts David Gura and Christina Ruffini, Jamrisko says the two sides remain on different timelines and also examines questions surrounding Taiwan after President Donald Trump’s meeting with Chinese President Xi Jinping. (Source: Bloomberg)
Wild gyrations in individual stocks on a punchy cocktail of AI euphoria and fear, a tumbling bond market and geopolitical drama bode well for a long-favored trade among hedge fund managers.
Renaissance Macro Research economist Neil Dutta tells Bloomberg This Weekend that the US labor market has stabilized while persistent inflation could force the Federal Reserve to raise interest rates at a faster pace than investors currently expect. Speaking with hosts David Gura and Christina Ruffini, Dutta says rising food and energy costs risk pushing inflation expectations higher and argues inflation remains the more pressing side of the Fed’s dual mandate. (Source: Bloomberg)
New York Times finance reporter Maureen Farrell tells Bloomberg This Weekend that Wall Street is growing more skeptical of the AI data center boom as rising interest rates, local opposition and permitting delays add uncertainty and costs to projects. Speaking with hosts David Gura and Christina Ruffini, Farrell says trillions of dollars in financing may require tapping public markets, but investor resistance is making planned data center IPOs harder and potentially more expensive to complete. (Source: Bloomberg)
Bloomberg News Meteorologist Craig Allen tells Bloomberg This Weekend that the slow-moving nor’easter is weakening but will continue bringing rain and flooding risks to parts of the Northeast after strong winds and coastal flooding battered the region. Speaking with hosts David Gura and Christina Ruffini, Allen says New York through Boston has borne the brunt of the storm, with additional rain possible even as the strongest winds subside. (Source: Bloomberg)
Baltimore Orioles owner, Carlyle Group co-founder and host of Bloomberg's Peer to Peer Conversations David Rubenstein tells David Gura that he bought his hometown team in part to help revitalize Baltimore and says sports owners tend to prioritize winning over operating profits. Rubenstein also discusses soaring franchise valuations and his new book, Inside the Owner’s Box, which examines the business and leadership of professional sports ownership. (Source: Bloomberg)
IAEA Director General Rafael Mariano Grossi sat down with David Gura and said that Iran retains a significant amount of uranium enriched to 60%, while inspectors have lost access needed to verify the status of nuclear material and facilities damaged by military strikes. Grossi also says inspections could resume quickly if there is political will for a new agreement, while also discussing his campaign to become the next UN secretary-general. (Source: Bloomberg)
Bloomberg News Middle East reporter Dan Williams and Bloomberg Intelligence senior commodity strategist Mike McGlone are on Bloomberg This Weekend discussing President Donald Trump’s rejection of Iran’s latest proposal to reopen the Strait of Hormuz and restart negotiations, as the conflict continues to strain global energy markets. They tell hosts David Gura and Christina Ruffini that economic pressure could shape the next phase of diplomacy, while rising fuel costs and shifting US supply and Chinese demand remain critical factors for oil prices. (Source: Bloomberg)
Emerging-market investors from Aegon USA Investment Management to JPMorgan Asset Management are dialing back riskier bond bets as the deepening selloff in global credit markets starts to derail a stellar run for debt in the developing world.
Maria Elena Vizcaino, Carolina Wilson and Srinivasan Sivabalan
After 25 years of planning and eight years of construction, the Gordie Howe Bridge finally opened between Detroit and Windsor this July. But the ceremony was attended only by Canadian officials, a sign of just how much the relationship between the two countries has deteriorated. What does it mean for businesses on the ground, and what can we learn about the future of US-Canada relations? (Source: Bloomberg)
Barrick Mining Corp. has reached an agreement with unions representing workers at its Loulo-Gounkoto gold mining operation in western Mali, averting strikes planned to begin on Monday.
Absa AgriBusiness agricultural economist Zama Sangweni says El Niño could reduce summer crop yields and put upward pressure on food prices. She explains how more severe weather could also reshape regional trade and why countries including Zambia may be especially exposed through agriculture, employment and hydropower. (Source: Bloomberg)
China’s giant pandas Pingping and Fushuang departed Chengdu for Zoo Atlanta early Sunday on a chartered flight, beginning a 10-year stay in the US, China Central Television reported on Sunday.
