Bloomberg This Weekend

President Donald Trump waived massive tariffs linked to Russian energy exports mandated in a law that he signed last month, as the measures complicated his push to lower diesel prices ahead of the US midterm elections.

Trump invoked a waiver clause under the law, which was championed by the late Senator Lindsey Graham as a way to punish Russia for its invasion of Ukraine. The law also codified and expanded sanctions targeting Moscow.

“I am hereby waiving the application of such sanctions, restrictions, and duties provided for in the Graham Act. I have submitted to th...

Saudi Arabia said 12 people were killed and 309 were injured Saturday in an attack on the Riyadh airport, the deadliest incident in an intensifying conflict with Yemen’s Houthis. Saudi civil aviation authorities said that airport operations were suspended temporarily while the damage was being assessed. Some of the injured were in critical condition. The US warned its citizens to avoid the airport in the Saudi capital. One of the people killed was an American, according to Saudi Arabia. The UK described the latest incident as “serious” and airlines including Kuwait’s national carrier scrapped flights.

Also this weekend...

Russian authorities said they had completed precautionary measures following the death of an employee at the Irkutsk Anti-Plague Institute of Siberia and the Far East after nearly 5,000 laboratory tests found no dangerous pathogens.

The 28-year-old employee had been diagnosed with community-acquired pneumonia and had been vaccinated against the dangerous infections she handled, Irkutsk Governor Igor Kobzev said, citing the results of an investigation. No accidents involving pathogenic microorganisms were found at the institute and required safety procedures had been followed, he said.

On today's show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa...

The US Justice Department isn’t reopening a criminal investigation into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank’s building renovation project. Attorney General Todd Blanche didn’t rule out continuing to look into the project’s oversight and potentially take action if evidence of wrongdoing came to light. Blanche commented on a report released this week by the Fed’s Office of Inspector General that found no evidence of criminal wrongdoing by Powell connected to the $2.4 billion project. The report identified a series of missteps that led to surging costs for the renova...

President Donald Trump declared at a rally in Alabama that his economic agenda had helped attract investment and jobs in a midterm campaign pitch to a state that has long been staunchly Republican. New AP polling indicates that Americans are unhappy with how President Trump is handling the economy.

Also this weekend, a fraud investigator known online as “The Profiler,” tells Bloomberg This Weekend that AI is helping scammers create increasingly convincing fake recruiters and job listings that can lead victims to surrender money and sensitive personal information.

On today's show, Bloomberg This Weekend hosts Davi...

Iran said it’s awaiting a definitive US response to a seven-day proposal for reopening the crucial Strait of Hormuz but won’t soften its conditions, after President Donald Trump voiced his rejection. Iranian President Masoud Pezeshkian said his country wouldn’t allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place.

Also this weekend, UK Prime Minister Andy Burnham has signaled he will set out proposals to introduce new levies to pay for a reformed social care service. Speaking at the start of his party’s annual conference in Liver...

Donald Trump’s lavish welcome of Xi Jinping this week marked a high point for stability in a US-China relationship that’s seen a lot of lows. Now, the Chinese leader is pushing to lock in more favorable terms on Taiwan and trade while he still can. President Trump said he would meet again with Chinese leader Xi Jinping in November, following what he said was a successful summit in Washington.

Also this weekend, A powerful coastal storm set to slam the Eastern Seaboard is threatening New York City with damaging winds and flooding across the five boro...

Bloomberg This Weekend is live from the Qatar Economic Forum in New York City.  Qatar is setting up a dedicated platform to manage and grow its wealth fund’s domestic portfolio worth hundreds of billions of dollars, marking a radical reshaping of the gas-rich country’s sovereign investing landscape. The platform, Doha Investment, will seek to accelerate long-term value creation and boost private-sector participation in the Gulf nation’s economy, Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said.

On today's show, Bloomberg This Weekend hosts Christina Ruffini and David Gura speak with:

- Steven Mnuchin...

Warren Buffett is stepping down as chairman of Berkshire Hathaway to be replaced by his son Howard, and will become chairman emeritus of the company. Buffett will remain a member of the board, and his son, a director of the company since 1993, will step into the top role, responsible for the company's culture and values. The move is the latest stage in the succession process at the company, following Greg Abel's replacement of Buffett as chief executive officer earlier this year.

Also this weekend, New York City is hiring dozens of sophisticated sleuths to sift companies’ own da...

Leaders of the world's biggest artificial intelligence platforms say it's time to slow the development pace of their most advanced models, citing escalating risks of the technology. Anthropic Chief Executive Officer Dario Amodei will implement new safety steps, including third-party evaluators, and is calling on the industry to support a broader downshift. The move to slow AI development comes as anxiety about severe risks has begun to enter the mainstream, driven by warnings from within the industry that AI poses a growing threat to national security and the global economy.

Also this weekend, as drones become cheaper...

The International Atomic Energy Agency has observed construction activity at Iran's Pickaxe Mountain, a site suspected of housing nuclear-related activities. IAEA Director General Rafael Mariano Grossi said there are indications of movement around the construction site, but no concrete information on activities taking place there. The IAEA's board of governors has referred Iran's nuclear file to the UN Security Council for non-compliance with requirements related to its atomic activities.

Anthropic researcher Jacob Coxon resigned this week, warning that labs are racing toward systems they may not be able to control. Evan Hubinger, who leads Anthropic’s alignment sc...

Democratic Representative Haley Stevens said her home state of Michigan is bearing much of the economic fallout from the trade dispute with Canada. The latest round of tariffs began when the Trump administration imposed tariffs on $20 billion worth of Canadian goods after trade talks collapsed on Aug. 21. Canada responded with retaliatory tariffs on US goods set to take effect on Sept. 8, and it’s unclear whether the two countries will reopen negotiations anytime soon. Michigan’s economy relies heavily on cross-border trade and the auto industry, making it particularly vulnerable to the dispute. Canada was Michigan's largest export market in 2...

Apple Inc. is about to start the biggest run of device releases in its history, delivering a wave of fresh form factors and whole new product areas in 2026, 2027 and beyond. New Chief Executive Officer John Ternus will unveil the latest iPhones and Apple Watches at the company’s Sept. 9 “Surprise and Shine” event, which will be the beginning of the device releases. The company has been working on this pipeline for the past half-decade, and Ternus has touted plans for a dawning era of innovation, with many products in development for the coming years.

Also this weekend, resear...

Bloomberg Money is a new, weekly podcast focused on YOUR money. Listen for wealth strategies, retirement tips and a personal finance insights. Join Tom Keene and Scarlet Fu for new episodes every Friday.   

Listen on Apple:  https://podcasts.apple.com/us/podcast/bloomberg-money/id6803227140     
Listen on Spotify:  https://open.spotify.com/show/3lvzLLAZMdrxTB6y68Nb5g

See omnystudio.com/listener for privacy information.

The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming featured Kevin Warsh’s first speech as chairman. Warsh used his keynote speech to hammer home a message that curbing inflation is the central bank’s top priority. While parts of the speech served to double down on his stated determination to avoid offering guidance to financial markets on the direction of interest rates, Warsh did finally provide some insight into how he views the economy. That helped relieve some frustration among investors and added drama to the Fed’s next policy meeting.

Also t...

Nepal is seeking international help to cope with the aftermath of catastrophic flash floods that have left nearly 3,000 people missing along the mountainous border with China. At least 626 people have been confirmed dead while 2,426 remain unaccounted for, including hundreds of foreigners from India, Malaysia, Australia and the US. Nepal is considering convening an international donor conference to assist with reconstruction, with the government saying it needs international assistance for rehabilitation and reconstruction due to the significant scale of devastation.

Also this weekend, a flood of lawsuits against social media giants claim that the companies are causing serious...

Fan Week at the US Open kicks off today. IBM and the US Open are expanding their use of AI to give fans real-time match insights, including personalized updates, an AI assistant and win probabilities that change after every point. The technology also gives players and coaches deeper data to analyze opponents and match strategy while helping more than 14 million digital users follow the tournament.

Also this weekend, Prince Harry and his wife, Meghan, have decided to return to the UK for an extended stay starting this fall, but they won’t resume their roles as working me...

President Donald Trump is betting new sanctions and economic pressure can force Tehran to accept a deal to end the war on US terms. Iran's Islamic Revolutionary Guard Corps may be impervious to such pressure and has plenty of ways to retaliate, including military strikes across the Gulf. The US economic pressure campaign is having an impact, risking one of Iran's worst ever economic crises, but it's unclear if it will lead to Iran's capitulation or further retaliation.

Also this weekend, China’s humanoid robot makers now control 97% of global shipments, giving Beijing an early lead over US...

Meta faces a landmark federal trial brought by 29 states over allegations that Facebook and Instagram were deliberately designed to addict young users and that the company improperly collected children’s data. The case could expose Meta to substantial penalties and potentially more consequential court-ordered changes to how its platforms operate.

Also this weekend, pet owners are spending money on experimental treatments they believe will help their pets live better and longer lives, including peptide injections, red-light therapy, and nutritional supplements. Some pet owners are giving their pets rapamycin, a drug that has shown promising anti-aging properties in st...

President Donald Trump downplayed concerns over conditions for sailors aboard the USS Abraham Lincoln, amid an uproar from service members' families as its deployment to the Middle East approaches nine months. Numerous relatives of the sailors and Marines aboard the aircraft carrier have voiced outrage at reports of food shortages, water contamination, moldy showers and long shifts in wartime aboard the vessel.

Also this weekend, Madison Square Garden Sports is proceeding with its plan to split the NBA's Knicks and the NHL's New York Rangers. The company has filed a public registration statement for the new Rangers...

The wait dragged on for an Iranian deal with Oman on the Strait of Hormuz, as the Islamic Republic’s top envoy said direct talks with the US were currently impossible.

Iranian Foreign Minister Abbas Araghchi, who said a pact to establish a temporary shipping route through the global energy chokepoint is “very close,” on Sunday criticized what he described as US violations of a short-lived interim peace agreement signed in June.

On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Abeer Abu Omar, Bloomberg News, Middle E...

The US Senate confirmed Todd Blanche as attorney general, elevating President Donald Trump’s one-time personal defense lawyer to lead the nation’s top federal law enforcement agency.

Republicans closed ranks and supported Blanche, 52, in a 50-49 vote even after two GOP senators joined Democrats in opposition. Republican Senator Bill Cassidy of Louisiana, one of the holdouts, came out in support of Blanche after Senators Susan Collins of Maine and Lisa Murkowski of Alaska voted against him.

On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Laur...

Governors from Oklahoma, Maryland and Delaware say states remain the nation's laboratories of democracy, sharing policy ideas on housing, education, child care and energy while arguing that affordability is the top concern for voters across party lines. They say states cannot control inflation or global energy prices but can lower costs through housing supply, consumer protections, child care investments and policies that encourage economic growth while managing the impact of AI and data centers.

Also this weekend, AI is dividing people not just over what the technology can do, but what kind of future they want to...

The Cockroach Janta Party, which led India’s biggest student protests in years, wants to build a nationwide movement to hold the government accountable for its promises to young people, one of its senior members said. The “Cockroach” party, which was created by a Boston University graduate Abhijeet Dipke, helped to channel youth anger over repeated exam paper leaks and other failures in the education system. Last week, the group drew tens of thousands of protesters onto the streets of New Delhi, with demonstrations quickly spreading to other cities across the country and opposition parties rallying behind its demands.

...

The US paused an almost two-week run of strikes against Iran for a second night while the Islamic Republic signaled it was refraining from any retaliatory attacks and held talks with Oman over the Strait of Hormuz. Skirmishes between Yemen's Houthi militants and Saudi Arabia have ratcheted up tensions, with the Houthis firing missiles and drones at Saudi facilities and the Saudi-led coalition responding with strikes on Houthi military positions.

Also this weekend, Miami's ultra-luxury real estate market is on track to shatter records in 2026, outpacing sales in New York City and the Bay Area as wealth...

President Donald Trump headlined a scaled-down White House Correspondents’ Dinner on Friday, three months after the original event was cut short by a gunman who allegedly sought to assassinate the president. Trump, in a long speech, at times criticized several reporters by name — sometimes in searing terms — while also saying he had respect for journalism and the press in the room.

Also this weekend, US measles cases in 2026 have already outpaced last year’s total and have reached a level not seen in more than three decades, with 2,318 confirmed infections reported. The US Centers for Disease Control and Prev...

Listen for instant reaction and analysis of megacap tech earnings from Alphabet and Tesla.

Alphabet reported second-quarter cloud revenue that far surpassed Wall Street’s expectations and said the division’s backlog of contracted business ballooned to more than $500 billion, offering fresh evidence that the company’s massive AI investments are paying off.

Meanwhile, Tesla missed Wall Street’s profit expectations even after a strong quarter of auto sales, a setback for the electric-vehicle maker as it looks to build out new lines of business in robotics, autonomy and AI.

To break down all of t...

President Donald Trump says Republicans should “add Iran to the Russian Sanctions Bill” in a post on Truth Social today. He adds it is what late Lindsey Graham “wanted to do, and it was going to happen”

Also this weekend, Lionel Messi’s Argentina will face off against European champions Spain in the World Cup final in New Jersey, a match that wraps up a tournament that shattered attendance records and has been hailed as a major economic victory for the region.

On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak wi...

Washington’s air improved slightly on Friday while New York City could be blanketed by more wildfire smoke later in the day. President Donald Trump alleged Canada is “responsible for the fact that they are not properly maintaining their Forests” and threatened to increase tariffs on Canada in response to the trans-border smoke.

Also this weekend, Moonshot AI released Kimi K3, a model that outperforms all rivals except for Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 on overall capability. The release of Kimi K3 has stunned some AI watchers and investors, fueling concerns about whether the immense sp...

Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant’s future.

The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.

Shares in Netflix have declined more than 40% over the last year, as the company’s pursuit of Warner Bros. Discovery Inc. and subsequent financial results...

Lindsey Graham, the South Carolina senior senator and foreign policy hawk who changed from a Donald Trump skeptic to one of the US president’s strongest allies, died on Saturday. He was 71. The cause of death was “a brief and sudden illness,” Graham’s office said in a post on X. Emergency personnel responded to a call for “cardiac arrest” at Graham’s Capitol Hill home on Saturday night, NBC reported, citing police scanner audio.

Also this weekend, the US struck Iran for a third time in a week, prompting retaliatory attacks on at least five Arab nations. Iran...

The US is demanding that Iran issue a public statement that all channels of the Strait of Hormuz are open to shipping and that they will not attack transiting civilian vessels. US officials warned that failure to do so by Tehran would result in consequences.

Also this weekend, Russia and Ukraine attacked each other’s key grain export gateways overnight after shipping across the Sea of Azov was disrupted the previous day, triggering a spike in wheat prices. Ukraine targeted four vessels with drones in Taganrog Bay in the Sea of Azov following a strike on the ar...

Bloomberg’s David Gura hosts a special edition of Bloomberg Tech as SK Hynix starts trading on the Nasdaq, in what is the biggest-ever US listing by a foreign company. He recaps Ed Ludlow's sit-down interview with SK Group Chairman Chey Tae-won from the Nasdaq, and dives deeper into the listing's impact on the rest of the US chip sector.

See omnystudio.com/listener for privacy information.

President Donald Trump gave a speech on the National Mall after thunderstorms delayed the start of his remarks, celebrating the nation's 250th anniversary and highlighting his own political priorities.
Trump declared communism a "loser" and pushed for passage of a measure to restrict mail-in voting and require the use of voter identification for elections, while also inviting veterans to the stage.

Also this weekend, Trump Accounts arrive with a powerful promise: Give a child a head start, let decades of compound growth do the work and potentially build millions of dollars over a lifetime. Whether they...

Bloomberg This Weekend is on the USS Intrepid in New York to celebrate America's 250th birthday! New York Harbor welcomed more than 40 tall ships to mark the nation’s 250th anniversary, with the largest ships parading up the Hudson River.

On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with:

- Documentary filmmaker Ken Burns, on how America's origin story matters in divided times.

- Maryland Governor Wes Moore (D), on what it means to be an American today and whether opportunity still exists for Americans.

- Br...

More opinions from the US Supreme Court are set for Monday, with key decisions yet to be announced on birthright citizenship and President Trump's attempt to fire Federal Reserve Governor Lisa Cook. This week, the Supreme Court found the government has broad power to act without judicial review, effectively allowing it to cancel Temporary Protected Status for 350,000 Haitians and 7,000 Syrians in the US.

Also this weekend, the White House wants to make Dulles International Airport great again, with President Donald Trump adding it to the list of venues and amenities in and around the capital he hopes...

The US attacked Iran one day after Tehran struck a commercial ship in the Strait of Hormuz, an exchange that threatened to break the fragile ceasefire between the two countries. US Central Command said that American aircraft on Friday hit Iranian missile and drone storage sites as well as coastal radar installations, calling it a “powerful response to yesterday’s attack.”

Also this weekend, artificial intelligence is barging into the workplace and transforming the battlefield. Now, it’s coming to the ballot box, promising to rewrite the DNA of politics.

On today’s show, Bloomberg This Weeke...

The US and Iran began talks on a permanent peace deal that seek to settle the issue of the Islamic Republic’s nuclear program and permanently reopen the Strait of Hormuz.

The first high-level meetings of US, Iranian, Qatari and Pakistani representatives commenced Sunday in the Swiss resort of Bürgenstock, with US Vice President JD Vance and Iranian Foreign Minister Abbas Araghchi among attendees.

But even as the meetings got underway, President Donald Trump threatened in a social media post Sunday to strike Iran again if it doesn’t “immediately stop their highly paid PROXIES...

Iran said it has closed the Strait of Hormuz for shipping transit due to what it called Israel’s violation of a ceasefire, even as Pakistan said US-Iran talks were set to open in Switzerland on Sunday.

The Hormuz action casts a new cloud over the talks, which are aimed at permanently ending a conflict that’s thrown the Middle East into disarray. The immediate impact on vessel traffic was unclear, but even before the recent ceasefire, millions of barrels of oil had been quietly escaping the waterway each day.

Iran’s joint military command said t...

Bloomberg's Lisa Abramowicz and Scarlet Fu discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year.

“Persistently high prices are a burden for the American people, but the recent past need not be prologue,” Warsh said in his debut press conference as chairman. Officials “are unambiguous and unanimous. This commit...