Bloomberg This Weekend

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 renovation, which had been initially budgeted at $1.3 billion in 2020. Also this weekend, President Donald Trump said he appointed Jay Clayton, his director of national intelligence, to help lead a White House task force on artificial intelligence as the fast-moving technology raises concerns about its safety risks. Clayton was the most prominent name cited by Trump in a social post announcing the…

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 David Gura, Christina Ruffini, and Lisa Mateo speak with: - Josh Wingrove, Bloomberg News Senior White House Correspondent, on President Trump's campaign stops and the separatist movement in Alberta. - Jay Jones, “The Profiler,” on the scam jobs populating LinkedIn and how to protect yourself from becoming a target. - Sarah Rappaport, Bloomberg Pursuits Lifestyle Writer, on the popularity of small luxury…

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 Liverpool, Burnham pledged that he would begin to give more detail in the coming days, saying he would outline a comprehensive plan to voters ahead of the next general election, which has to be held before August 2029. In the interim he pledged to maintain Labour’s manifesto commitments not to increase income tax or tax on employees’ national insurance contributions. On today's show, Bloomberg This Weekend hosts David Gura and…

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 boroughs through Sunday. Up to 6 inches of rain are expected to fall in the area beginning late Friday, according to the US National Weather Service, with 50 mile-an-hour wind gusts in Manhattan. On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with: - Stephen Engle, Bloomberg News Chief North Asia Correspondent, and Shannon Kingston, ABC News State Department Reporter, on the outcomes of the Trump-Xi Summit, and the latest from the…

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, Former US Treasury Secretary and Liberty Strategic Capital Founder & Managing Partner, on the long-term opportunity he sees in the Middle East. - Dr. Majed Al Ansari, Advisor to the Prime Minister of Qatar and Official Spokesperson for the Ministry of Foreign Affairs, who says mediators are exchanging proposals in an effort to restart negotiations between the US and Iran. - Qatar Airways Group CEO…

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 data for evidence that they might be ripping off consumers. Sam Levine, commissioner of the city’s Department of Consumer and Worker Protection, is building a 36-person bureau of data scientists, technologists and economists who will extract and analyze what he describes as “billions of records” to help New York City build cases against predatory corporations and practices. On today's show, Bloomberg This Weekend hosts Christina…

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, faster and harder to detect, cities far from traditional battlefields are confronting the challenge of protecting civilians without creating new risks from falling debris or costly interceptions. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Sen. Chris Coons (D-DE), who urges Congress to act on AI risks. - Morgan Meaker, Bloomberg…

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 science work, said he sees a greater than 10% chance that AI causes human extinction within the next decade. The figure is clearly subjective, but it shows the depth of concern among leading safety researchers that alignment efforts will fall behind. OpenAI announced in August it is pacing progress to meet the safety standards required by new…

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 2025 with exports totaling $23 billion, according to data from the International Trade Administration. A Gallup poll shows 71% of Americans approve of labor unions and a record 47% want them to have more influence, while 52% of Republicans also approve. AFL-CIO President Liz Shuler says unions are organizing around wages, AI and the midterms. This comes as House…

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, researchers believe that advances in AI and biologgers could enable humans to communicate with animals, but there are concerns that this technology could be used to harm animals or disrupt their social environments. The use of playback experiments, which involve broadcasting recorded animal calls to another animal, is a controversial technique that raises ethical concerns and may cause stress or disrupt the animals' social environment. On…

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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 this weekend, President Donald Trump announced he was moving to rename Lake Ontario as Lake America, escalating his clash with Canada after trade negotiations between the two nations collapsed. Trump said the move would take place “effective immediately” and the Interior Department had 30 days to change the name in federal databases and materials. On today's show, Bloomberg This Weekend hosts Christina Ruffini and Bailey…

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 harm to young users by engineering their platforms to be hard to resist. Meta agreed to pay as much as $18 billion to resolve claims by state attorneys general over social media safety and privacy, and will also put new guardrails on its platforms. On today's show, Bloomberg This Weekend hosts Christina Ruffini and Bailey Lipschultz…

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 members of the royal family, the Associated Press reported. The couple’s children, Prince Archie and Princess Lilibet, have already enrolled at British schools and will start classes in September. On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with: - Jonathan Adashek, IBM's senior vice president and chief global affairs officer, and retired professional tennis player Sam Querrey, on IBM's partnership with…

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 rivals. At the World Robot Conference in Beijing, robots sort boxes, handle laundry and bag clothes. On today's show, Bloomberg This Weekend hosts Christina Ruffini and David Gura speak with: - Former Head of MI6 Sir Richard Dearlove, on his concerns about politicization and personnel changes inside the CIA. - Bloomberg News Reporter Allen Wan at the World Robot Conference in Beijing, where Unitree declared that humanoid…

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 studies with mice, despite the lack of official results on its effectiveness in dogs and cats. On today’s show, Lisa Mateo, Joe Mathieu, and Carol Massar speak with: - California Attorney General Rob Bonta, on how the landmark youth safety case against Meta is a “tobacco moment.” - Anna Edney, Bloomberg News National Health Care Reporter, on the…

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 company with the US Securities and Exchange Commission and expects the spinoff to be complete by the end of October. On today’s show, Lisa Mateo, Joe Mathieu, and Carol Massar speak with: - Natalie Oliverio, Navy Veteran & Military Journalist on what the soldiers and Marines aboard the USS Lincoln are experiencing. - Denver Riggleman, Former US Representative (R-VA), on the war in Ukraine one year…

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 East Correspondent, and Skylar Woodhouse, Bloomberg News, White House Correspondent, discuss the latest on the Iran war as Iran has rejected the US's latest talks for a deal on the Strait of Hormuz. - Rep. Haley Stevens, (D) Michigan, talks the future of the Democratic party and how Michigan democrats vow to unite behind El-Sayed. Abby Livingston, Puck News, Washington Writer, contributes. - Imo Bell, Royal Observatory Greenwich, Planetarium Astronomer,…

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: - Laura Davison, Bloomberg News, Washington Deputy Bureau Chief, joins David and Christina on Bloomberg This Weekend to discuss the tense and closely watched process. - Evan Osnos, staff writer for The New Yorker and author of “Age of Ambition”, discusses China competing with the US for tech supremacy. - Madison Darbyshire, Bloomberg Weekend, Senior Features Writer, joined to discuss her article "The Two Brands That Are Making…

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 live in. A survey of 3,500 young people in the US conducted by dating app Hily found 64% of Gen Z and 56% of millennial daters said they wouldn’t date someone who relies on AI for everyday decisions. On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with: - Heads of the National Governors Association - Governors Spencer Cox (R-Utah), Wes Moore (D-Maryland), Kevin…

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. Also this weekend, Gadi Eisenkot, a former head of Israel’s armed forces, has emerged as the main challenger to Benjamin Netanyahu in upcoming elections. Eisenkot is seen as a stark contrast to Netanyahu in style, and his background and policies have given him a degree of support among Israelis, but he will face tough challenges in forming a stable new coalition. On today’s show, Bloomberg This…

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 continues to migrate to low-tax states. In the first six months of the year, 24 condos and single-family homes closed for over $30 million in Miami-Dade county, nearly double the number sold during the same period last year. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Becca Wasser, Bloomberg Economics Defense Lead, and Chris Kennedy, Bloomberg…

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 Prevention says vaccine policy under the Trump administration has been upended since Robert F. Kennedy Jr. became secretary of Health and Human Services, with thousands of career scientists at the CDC fired and funding for local health departments frozen. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Jeff Mason, Bloomberg News, White House…

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 with: - Sen. Jeanne Shaheen, (D) New Hampshire, disagreed with President Trump by saying Senator Lindsey Graham never suggested Iran be part of the Russian sanctions bill. - Antonio Rüdiger, German National Team & Real Madrid Defense, and Randall Williams, Bloomberg News Senior Sports Reporter, joined to talk the World Cup finale. Rüdiger also reflected on player longevity, promoted his foundation supporting children in Sierra Leone and touched on World Cup expansion.…

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 spending commitments from Silicon Valley will pay off and shaken confidence in the US lead. On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with: - Josh Wingrove, Bloomberg News Senior White House Correspondent, on Trump's threats to Canada over the wildfires and the latest on the Gordie Howe Bridge. - Mike Shepard, Bloomberg News Senior Editor, Technology & Strategic…

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 said the Hormuz strait would now be closed “until further notice,” but the US Central Command denied that, saying the waterway was still open to all vessels. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Bloomberg Congressional Reporter Erik Wasson on the death of Senator Lindsey Graham. - Bloomberg Mideast Correspondent Abeer Abu Omar and ABC News State Department Reporter Shannon Kingston, on…

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 area on Friday that disrupted shipping through a key export corridor. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Bloomberg Economics Defense Lead Becca Wasser and Geoeconomics Lead Dina Esfandiary, on what the US is demanding of Iran and the future of the Strait of Hormuz. - Representative Michael McCaul of Texas (R) on the ground in Ukraine, where President Volodymyr Zelenskyy is meeting with…

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 live up to that potential will depend less on the account itself than on how families use the option alongside other available savings plans. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Bloomberg News White House Correspondent Jeff Mason, Yale School of Management Lecturer Gautam Mukunda, and Politico's New York Playbook Co-Author, Madison…

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. - Brittany Spanos, Pop Culture & Celebrity Journalist and Adjunct Professor at NYU's Clive Davis Institute, on the cultural impact of Taylor Swift and Travis Kelce's wedding, and what fan culture says about Americans. - Bloomberg This Weekend Host Lisa Mateo from Coney Island, home of the Nathan's Hot Dog Eating Contest. - Kathleen Squires, New York Times Wirecutter Staff Writer, on taste-testing 31 hot dog brands. For more conversations like this, watch and listen to…

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 to remake in his own image. The plan would transform Dulles by expanding the main terminal building, renovating or constructing concourses, and extending an underground train, with the goal of making it the best airport in the country. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Bloomberg News Supreme Court Reporter Greg Stohr, on the Supreme Court…

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 Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Bloomberg News White House Correspondent Jeff Mason on today's attack in the Strait, coming after the US renewed strikes on Iran. - Emily Birnbaum, Bloomberg News Corporate Lobbying and Influence Reporter, on a growing number of AI-generated political advertisements in the midterm elections. - Bloomberg Intelligence Consumer Staples Analyst Diana…

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 in Lebanon from causing trouble.” On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Bloomberg News Economy & Government Reporter Bastian Benrath-Wright, reporting from the summit where Vice President JD Vance is meeting with delegates from Iran, Pakistan, and Qatar. - Bloomberg Daybreak Europe Anchor Lizzy Burden on the pressure around Keir Starmer to step down as UK Prime Minister.…

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 the closure is Iran’s first step in response to Israel’s continued attacks in southern Lebanon, the semi-official Tasnim news agency reported on Saturday. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Dan Williams, Bloomberg News Jerusalem Reporter, and Daniel Tannebaum, Global Anti-Financial Crime Practice Leader and partner with Oliver Wyman, on the US-Iran talks set to open in Switzerland on Sunday and the…

US President Donald Trump said an interim deal to reopen the Strait of Hormuz and end the conflict with Iran would be signed on Sunday, a claim contradicted by Iran as the two sides still differ over key points, including management of the waterway and payments to the Islamic Republic. “The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” Trump said in a social media post on Saturday, while claiming that Iran “no longer wants a Nuclear weapon.” Pakistan, which has served as a mediator, is preparing for an electronic signing of the peace deal, “followed by technical-level talks next week,” Pakistani Prime Minister Shehbaz Sharif said. Those talks would last up to 60 days and focus on Iran’s nuclear program. Plus, the New York Knicks ended one of the longest championship droughts in the NBA, bringing relief to their long-suffering fans. Jalen Brunson, who was named the Finals MVP after the game, scored 45 points to power New York to victory over…

Elon Musk and his executives had one overarching message for the army of people working on the SpaceX initial public offering over the past six months: Faster, move faster. As the gigantic space exploration startup barreled toward a public listing after 24 years as a private company, the urgency was apparent. The acquisition of a $250 billion artificial intelligence company in the middle of the process? Don’t let it slow you down. Why have everyone wait late into the evening for the final terms? Instead, close the deal during market hours. The rush was driven by a canny strategy: go public before the US midterm elections, with a — mostly — pro-Musk president in charge; beat OpenAI and Anthropic to market to get in early on investors’ appetite for AI-focused listings; and become a public company before Musk’s 55th birthday at the end of June. The race culminated on Friday, when Space Exploration Technologies Corp. started trading on the Nasdaq after pricing the biggest IPO in history. The company raised $75…

Elon Musk's SpaceX is set to deliver the biggest ever IPO, more than doubling the size of Saudi Aramco’s $29.4 billion listing in 2019. The company is offering about 555.6 million shares at $135 each in a deal that could value it at roughly $1.8 trillion. The stock will make its debut on the NASDAQ on Friday. Plus, the International Air Transport Association's Annual General Meeting. United Airlines CEO Scott Kirby said affluent travelers continue to spend on air travel despite a sharp rise in fares. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Ed Ludlow, Co-Host of Bloomberg Tech, Bailey Lipschultz, Bloomberg News Senior Equities Reporter, and George Ferguson, Bloomberg Intelligence Senior Aerospace & Defense Analyst, on SpaceX's record-shattering IPO set to launch on Friday. - United Airlines CEO Scott Kirby from the IATA Summit, on the state of air travel and mergers. - Abby Livingston, Puck News Washington Reporter, and Ashley Konig, Director…

President Donald Trump expressed interest in the US government holding equity stakes in leading artificial intelligence developers, saying that he planned to discuss the idea of a partnership with AI companies’ executives as soon as next week. Trump said he had already spoken to the companies about the idea, though he offered no specifics on those conversations. In his remarks, he addressed news reports that the administration would put the stock into a government-run wealth fund that would redistribute some of the financial windfall to the public and signaled his openness to that idea. President Trump also said he will attend the NBA finals at Madison Square Garden on Monday. The Knicks have won both games of the NBA Finals so far against the San Antonio Spurs. Resale tickets for the game are being sold for thousands of dollars. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Annmarie Hordern, Co-Host of Bloomberg Surveillance and Bloomberg…

New details emerged this morning about President Trump's meeting in the situation room last Friday. According to Axios, President Trump is asking for several amendments to a deal negotiated between his envoys and the Iranians. In particular, President Trump wants to strengthen the sections around Iran's nuclear material, including details on how the US gets that material, and when. All this is happening while several Americans were hurt in a missile attack on a Kuwaiti air base as negotiations to extend the ceasefire with Iran dragged on without conclusion. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: Former National Security Advisor & Former US Ambassador to the UN, John Bolton, on President Trump wanting to amend the peace deal with Iran. New York Times Chief Africa Correspondent Declan Walsh on his on-site research at the Ebola epicenter in the Democratic Republic of Congo. Bloomberg Opinion Columnist and Research Fellow at the Harvard Kennedy…

US Defense Secretary Pete Hegseth praised defense allies in Asia and hailed newly stable ties with China, while taking swipes at longstanding security partners in Europe. The comments, made Saturday at an Asia security forum in Singapore, are the latest sign of the Trump administration shifting attention toward the Indo-Pacific while expressing antagonism toward Europe and the NATO alliance. Hegseth singled out allies such as South Korea, Japan and the Philippines for “stepping up” on defense while lambasting European nations that “threw open their borders and hollowed out their militaries.” His comments and omission of Taiwan in his address marked a shift in tone, with some interpreting it as a sign of a softer stance on China and a focus on "constructive strategic stability" in the US-China relationship. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Haslinda Amin, Bloomberg News Editor-at-Large at the Shangri-La Dialogue in Singapore, and…

President Donald Trump said the US won’t “rush” into a deal with Iran, saying both sides must take their time to “get it right.” This comes after an earlier White House announcement that a deal with Iran to end the war and reopen the Strait of Hormuz is forthcoming. A man was shot by US Secret Service agents near the White House on Saturday after he opened fire with a handgun, according to a statement from the agency. The man had been pacing along the street for some time before he approached a police checkpoint, pulled a pistol from his bag and began firing indiscriminately, said a person familiar with the matter who was granted anonymity to describe a sensitive investigation. Officers returned fire, striking the suspect, who was transported to an area hospital, where he later died, the Secret Service said in the statement. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Kevin Whitelaw, Bloomberg News America Weekends Managing Editor, Joumanna…

Persian Gulf nations and Pakistan stepped up efforts to transform a fragile truce in the Iran war into a permanent peace deal, with US President Donald Trump again signaling that the conflict may end soon. Field Marshal Asim Munir, Pakistan’s army chief and the favored interlocutor between the US and Iran, visited Tehran Friday for discussions on an accord with Iranian Foreign Minister Abbas Araghchi that lasted late into the night. Araghchi held separate talks with his counterparts in Oman, Turkey, Qatar and Iraq, and United Nations Secretary General António Guterres, the Iranian Foreign Ministry said. The US and Iran have major disagreements on issues such as Iran's nuclear program and the rights to control traffic through the Strait of Hormuz, a crucial passageway for global energy supplies. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Bloomberg News White House Correspondent Kate Sullivan on President Trump’s next steps in Iran after the…

President Donald Trump and Health Secretary Robert F. Kennedy Jr. succeeded in their efforts to defeat Senator Bill Cassidy in Louisiana’s Republican primary. Cassidy was one of seven GOP senators who voted to convict Trump on the charge of inciting an insurrection, and Trump said of Cassidy that "his disloyalty to the man who got him elected is now a part of legend, and it’s nice to see that his political career is OVER!" On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Leslie Shedd, Former Republican Congressional Advisor and Democratic Strategist Ameshia Cross, on Trump's victory lap following the defeat of Senator Bill Cassidy in Louisiana’s Republican primary. - Bloomberg News Senior Equities Reporter Jess Menton on President Donald Trump’s latest financial disclosures showing that he or his investment advisers made more than 3,700 trades in the first quarter. - Missy Ryan, National Security Writer at The Atlantic on the widening conflict in the…

President Trump returned to the White House after a summit in Beijing with Chinese President Xi Jinping. Xi warned that Taiwan could lead to "clashes" between the US and China, calling it a "highly dangerous situation" for the world's biggest economies. Trump must now decide whether to approve a $14 billion US arms sale to Taiwan, which could unleash a bipartisan backlash in Washington or face Beijing's wrath if the deal is approved. The Long Island Rail Road, the nation’s busiest commuter line, suspended service for the first time in more than 30 years after labor groups and transit officials failed to reach a deal on wage increases by a Friday night deadline. About 3,500 engineers, electrical workers and signalmen walked off the job Saturday for the first time since 1994. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Bloomberg News Chief North Asia Correspondent Stephen Engle and White House Correspondent Courtney Subramanian, on President Trump…

Iran submitted its response to the latest US proposal to end 10 weeks of war, the state-run Islamic Republic News Agency reported, without giving any further details. The proposal implies Iran’s acceptance would end the conflict, which has killed thousands of people across the Middle East and sent energy prices soaring. The two sides would still need to negotiate a deal over Iran’s nuclear program, which remains a critical sticking point. In Spain’s Canary Islands, a cruise ship at the center of a deadly hantavirus outbreak is starting the process of evacuating passengers, almost a month after the contagious disease broke out. On arrival, they will be screened and told what they should monitor for the next six weeks, according to Anaïs Legand, technical lead for viral hemorrhagic fevers at the World Health Organization. “Obviously, the next priority is to ensure passengers and crew feel safe enough and receive the adequate support they need in a situation that can be very frightening,” she said. On today’s…

The UK will deploy one of its warships to the Middle East as part of planning for a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire. The move comes as Iran weighs a new proposal from the US to end the war, which has been going on for 10 weeks. The ship has just completed weapons system testing off the coast of Crete and was deployed to help defend Cyprus at the start of the conflict. Also this morning, a cluster of hantavirus infections linked to a cruise ship in the Atlantic Ocean has left three people dead and several others seriously ill, prompting an alert from the World Health Organization and raising questions about how a rare rodent-borne disease might spread in such an unusual setting. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Bloomberg News White House Correspondent Jeff Mason on the status of the Strait of Hormuz and what to expect ahead of a summit between President Trump and China's…

Efforts continued to broker an end to the Iran war, now into its third month, as President Trump suggested the Islamic Republic’s latest peace proposal might not be enough to satisfy him. Iran’s suggestions include setting a one-month deadline on talks for a deal to reopen the Strait of Hormuz and end both the US naval blockade and the fighting in Iran and Lebanon, Axios reported, citing two people familiar with the matter. Back in the US, Spirit Airlines is winding down operations after the troubled discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by President Trump fell through. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Airlines for America President & CEO Chris Sununu, on Spirit’s closure. - Representative Kevin Kiley (I) of California, who says Iran cannot be allowed to get a nuclear weapon, and Representative Cleo Fields (D), on the Supreme Court limiting the use of the Voting Rights Act. -…

Spirit Airlines is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by President Trump fell through. All Spirit flights have been canceled, and passengers have been advised not to go to the airport, after the airline failed to secure a deal with the Trump administration for funding. Transportation Secretary Sean Duffy spoke hours after Spirit ceased operations, leaving passengers and employees stranded across the US. He announced measures to support those passengers, saying several carriers including United, Delta, Southwest and JetBlue agreed to cap prices or reduce fares for customers impacted by the shutdown. On today's show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - The Points Guy Managing Editor Clint Henderson, GasBuddy's Head of Petroleum Analysis Patrick DeHaan, and Bloomberg White News White House Correspondent Jeff Mason, on what Spirit's closure means for…

Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference. While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.” See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.Four officials voted against the decision, including three who objected to language in their post-meeting statement that suggested the central bank would eventually resume cutting rates. See omnystudio.com/listener for privacy information.

The armed suspect who tried to enter a Washington ballroom where President Donald Trump was speaking was likely targeting administration officials, according to Acting Attorney General Todd Blanche. Blanche said Sunday on NBC’s Meet the Press that the man is believed to have acted alone after traveling by train from California and had been staying at the Washington Hilton, which was hosting the annual White House Correspondents’ Dinner where Trump was scheduled to speak. The gunfire disrupted Trump’s first appearance as president at the annual dinner, which his predecessors routinely attended. Secret Service officers rushed into the room to evacuate Trump, First Lady Melania Trump, Vice President JD Vance and Cabinet officials. Attendees ducked under tables to take shelter. The incident took place just outside the ballroom of the Washington Hilton. On today's show: - Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo give a firsthand account of the shooting after attending the dinner.…