Business
Dimon Warns World May Not Be Ready for Fed at 7%: TOI
Jamie Dimon, chief executive officer at JPMorgan Chase & Co. says the world may not be prepared for a worst-case scenario of …
source
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
Global markets remain focused on escalating tensions in the Middle East as the US and Iran exchange another round of military strikes. The US military launched a new wave of attacks targeting Iranian positions, while Iran responded with drone strikes aimed at US military positions in Kuwait. Washington says the latest operations are intended to degrade Iran’s ability to threaten commercial shipping in the Strait of Hormuz, while the IRGC claims it struck a US drone operations center at Sheikh Isa Air Base in Bahrain. The renewed conflict has left energy markets on edge as uncertainty over the Strait of Hormuz continues.
We also cover Apple’s lawsuit against OpenAI alleging trade secret theft, Nippon Paint’s $8.6 billion bid for Akzo Nobel’s paint business, reports that SoftBank is considering a stake in Seven & i Holdings, and the death of former Qatari ruler Sheikh Hamad, which comes as Senator Lindsey Graham’s political future raises fresh questions over US Senate succession.
In Asia, South Korea’s KOSPI trading was briefly halted after falling 8%, with SK Hynix leading the decline. Elsewhere, venture capital funding across the Middle East and North Africa fell 22% year over year during the first half of 2026, the UAE’s oil production reached a record high in June, and Senegal’s infrastructure plans face setbacks amid a growing debt scandal. Guests Includes John Sfakianakis, Gulf Research Center Chief Economist and Research Head; Praten Jagwani, UTI International Global Head and CEO; Philip Bahoshy, Magnitt Founder & CEO; and Chey Tae-won, SK Group Chairman
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:04:50 – US, Iran Resume Strikes as Hormuz Status Disputed
00:07:58 – John Sfakianakis, Gulf Research Center Chief Economist and Research Head
00:14:18 – Praten Jagwani, UTI International Global Head and CEO
00:28:50 – Philip Bahoshy, Magnitt Founder & CEO Chey
00:34:54 – Tae-won, SK Group Chairman
00:38:54 – Energy Markets on Edge as Hormuz Tensions Intensify
00:43:00 – Debt Scandal Derails Senegal’s infrastructure Dream
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
Business
July Beige Book Drops, OpenAI Plans AI Speaker Device | Bloomberg Businessweek Daily 7/15/2026
Bloomberg’s Mike McKee reacts to the release of the Fed’s July Beige Book, which says economic activity increased in a 11 of 12 Fed districts in late May and June. Mary Ann Bartels from Sanctuary Wealth explains why she thinks the recent Mag 7 correction is a buying opportunity. Then, Managing Editor for Global Consumer Tech Mark Gurman discusses OpenAI’s plan to release a speaker device built as an AI companion, competing with Apple and Google’s home speaker gadgets. Finally, SilverChef US President Jon Jacobs has an inside look at how independent bars and restaurants are capitalizing on the influx of tourism from the World Cup.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:10 Market Update: Beige Book, PPI & Tech Stocks
00:04:20 Fed Beige Book Signals Moderate Economic Growth
00:06:20 Kevin Warsh Defends Fed Independence
00:07:50 Michael McKee Breaks Down the Beige Book
00:12:35 Outlook for Inflation, Earnings & Tech
00:18:55 Market Update: Morgan Stanley, PayPal & Semis
00:21:00 OpenAI’s AI Device Revealed
00:22:40 Can OpenAI Challenge Apple & Amazon?
00:26:00 Apple’s AI Roadmap & Foldable iPhone
00:32:35 Market Update: Apple Gains, Anthropic IPO & SpaceX
00:34:35 World Cup Boosts Restaurants & Hospitality
00:39:40 Small Business Outlook After the World Cup
00:42:40 Stocks on the Move
00:44:00 SpaceX Falls Below IPO Price
00:47:00 BlackRock Hits $15 Trillion in Assets
00:48:10 PayPal Surges on Buyout Report
00:48:45 Coming Up: Extreme Weather & the U.S. Power Grid
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
Ed Yardeni, president of Yardeni Research, says the flare-up of fighting with Iran rekindles market concern that rising oil prices will stoke inflation — and force the Federal Reserve to hike interest rates. He speaks on Bloomberg Television’s “Surveillance.”
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
President Donald Trump, speaking at the NATO Summit in Ankara, Turkey, says the US plans to give Ukraine a license to make their own air defense Patriot missiles. During a meeting with Ukraine President Volodymyr Zelenskyy, Trump says it’s very complex, but we’ll “show them how to do it.”
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
-
Other2 years ago
Economic crisis Predictions|Bloomberg Surveillance 11/08/202…
-
Other2 years ago
Suppers Around The World – Tasty Recipes Please recognize th…
-
Food2 years ago
Kardea Brown’s Cheesy Hash Brown Casserole | Delicious Miss Brown | Food Network
-
Politics2 years ago
Russia hawks to Putin apologists: GOP stonewalls Ukraine aid, Tucker Carlson’s trip to Moscow
-
News2 years ago
White House warns of Russia invasion in Ukraine before end of Olympics
-
Other2 years ago
Giada De Laurentiis Makes Pan-Fried Zucchini w/ Anchovy Vina…
-
Sports2 years ago
Top 10 Saves from Week 13 of the 2021-22 NHL Season
-
Other2 years ago
Just how beginner Vivek Ramaswamy is gaining some Trump foll…
-
Politics2 years ago
George Conway: ‘Lying, intimidating, bullying. That’s Trump at his worst, and that’s Trump always’
-
Other2 years ago
MaxMara Spring/Summer 2013 FULL SHOW|Milan Fashion Week MFW|…
@ThomasShelby-xz2fk
December 17, 2023 at 7:49 am
Everyone in the federal reserve needs to be fired. There is no way rates should be this high. They just want to crush the economy and middle class to save their own ass. Investment portfolios are going to hell because of these people. Very disgraceful.
@noName-kn1lx
December 17, 2023 at 7:49 am
The same guy who warned of an economic hurricane. Go back to banking and stop trying to grab some spotlight fame
@The007monty
December 17, 2023 at 7:49 am
What Dimon is saying is enjoy your home while u still have a roof over your head
@maestrovso
December 17, 2023 at 7:49 am
We should all appreciate Jamie Dimon cares deeply about US households that are not ready for 7% rate. We count our blessing for such a caring banker for US biggest bank.
@user-zz4cs9pl1q
December 17, 2023 at 7:49 am
GO AWAY
@rufus9609
December 17, 2023 at 7:49 am
Yah well…
it wasn't ready for 20% but I lived through that so…
7% should be a walk in the park.
@JosephSullivan1979
December 17, 2023 at 7:49 am
The U.S. economy can't handle 5%. There is a slow motion crash happening that is being covered up. The employment participation rate is low while the quality of jobs being created are part time jobs with no benefits. The regional banks are losing deposits to Money Market accounts and Money Market mutual funds. Consumers have slowed down spending and consumer spending is the majority of the U.S. economy.
@tedwesthaven
December 17, 2023 at 7:49 am
dimon always crying wolf, let the qqq rally continue!
@AnimatedHistory-InCharts
December 17, 2023 at 7:49 am
Rates at 7? Hummm… I'm not prepared for that, I was counting on fed funds topping at 6.00%.
@vinredhawk7294
December 17, 2023 at 7:49 am
all the fed does is nothing worthwhile
@illegalsmirf
December 17, 2023 at 7:49 am
He sounds like a usurious Due demanding his pound of flesh
@garantexpert2003
December 17, 2023 at 7:49 am
J
@123-ig9vf
December 17, 2023 at 7:49 am
How about Epstein? Did Dimon warn about him?
@ryanwalters6184
December 17, 2023 at 7:49 am
7% is not even high. What is the big deal?
@praveenspike
December 17, 2023 at 7:49 am
What I said about a month back I think is what Dimon is saying now. There is no other way around in current circumstances.
@Seanpfree
December 17, 2023 at 7:49 am
We've seen the end of first time homeownership in the US pricing an entire generation out of the middle class and the American Dream. Wealth continues to be extracted from the lower and middle class to the few wealthy elites faster than ever before in history. The largest wealth transfer in history. This doesn't end well for anyone.
@herrwahnsinn4229
December 17, 2023 at 7:49 am
Myself, J. Powell, Janet Yellen, and Ben Bernanke continue this 12 or 13 year failed policy until it causes hyper-inflation. Severely disjointed in the head, should be put into prison.
@albertoperin402
December 17, 2023 at 7:49 am
Obviously is shorting bonds and claim the opposite… criminal
@georgekazanchyan4976
December 17, 2023 at 7:49 am
Jamie Dimon should shut up sometimes. What is his intention and motive?
@Buppasiri1
December 17, 2023 at 7:49 am
Fed won't be at 7%… Everything implodes before that. Then zero rates and massive injections and stocks to the moon.. Everything will quadruple in value and people can borrow to mansions for free… Later on hyperinflation and misery.
@joshlin8642
December 17, 2023 at 7:49 am
Hurricane season isn’t over yet 😂