Business
Australian Exporters Say Normal Business With China ‘Impossible’
Jun.06 — Bryan Clark, international director of the Australian Chamber of Commerce and Industry, discusses how the tensions between the government and China are affecting businesses. Deteriorating relations, including trade-related friction, have made normal operations for Australian exporters in China “impossible,” the chamber said in a report, which cited a survey of 189 Australian business operators. Clark speaks on “Bloomberg Daybreak: Australia.”
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Business
We Are Building Too Many Data Centers in the US, Says MNTN CEO
Mark Douglas, CEO of the ad tech company MNTN, discussed Meta’s reported ambitions to expand beyond advertising into cloud infrastructure. Douglas expressed skepticism about Meta’s ability to compete with established cloud providers like AWS and Google Cloud, citing high switching costs for customers and Meta’s lack of excess AI infrastructure capacity to monetize. He speaks with Romaine Bostick & Katie Greifeld on “The Close.”
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Business
Stocks Lack Conviction Despite Strong Bank Results | Closing Bell
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.
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Business
Iran Drone Hits Kuwait Offshore Oil Rig | Horizons Middle East & Africa 7/13/2026
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
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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
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Business
Yardeni Says Inflation, Fed Back in Play on Iran Crisis
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.”
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@xxxwang5574
December 27, 2023 at 4:20 am
China didn't harm Australia. It's JP killed thousands of Australian captives in WWII. The JP solders decapitalized the west, raped white women, ate the liver, heart and meat sushi of U.S. pilot captives. Now JP are still honoring and memorizing those criminals . Australians and U.S. have forgotten the history.
@rexcrandell6267
December 27, 2023 at 4:20 am
Astralia should ban coal sales to China for two years. The coal prices would soar and help Australia.
@keitranvirgil223
December 27, 2023 at 4:20 am
Australia has a Golden ticket that goes unnoticed!!!!! Simply sell to Africa, you will take a hit at first, but building the economy in Africa is a a Win Win for both Nations. Business at a very basic level work by Supply and Demand, who has a greater demand for Australian products than Africa? A small investment could lead to gains 💪 for both. To imagine China as a problem is to admit idiocy, when you have a continent as huge as Africa just waiting to be developed…… why do you think China is already there?
@TimeT-ob9vz
December 27, 2023 at 4:20 am
Yes, Australia can feed themselves with democracy and freedom. Don’t make any money from China.
@1stresponder383
December 27, 2023 at 4:20 am
China doesn't have the backbone to be great or take on the leadership role as a superpower, banning a Disney character over a tweet means too much power at the top and needs to be checked. Too sensitive
@_liberty8821
December 27, 2023 at 4:20 am
U.S: Thank you for Australia's selfless dedication
@nya1491
December 27, 2023 at 4:20 am
How does this work? Being anti China and earning money from China? For now only USA and Taiwan can do this successfully 🥴
@PRGAN
December 27, 2023 at 4:20 am
pre WWII, I believe that Menzies was criticised for selling iron ore to Japan which was used to arm Japan against us….isn''t educating Chinese students arming China intellectually to fight against us?
@RealMe-sd9nm
December 27, 2023 at 4:20 am
It isn't impossible to do business with China. The Aussies themselves just have to get rid of their anti-China Morrison government and soon everything will be back to normal as it was before, with Australia continuing to hitch a productive ride on China's abundant and fast growing economy. Even a little kid knows this fact.
@jeffstrong4580
December 27, 2023 at 4:20 am
US is selling coals and other goods that Australia use to sell to China. Australia better think hard who they want to partner with. Now you know why S Korea won't join QUAD bullsht and will become nuclear power. When the US stationed THAAD radar station in S Korea, China retaliated against S Korea and the US did nothing for S Korea and tried to extort money from S Korea for defense bill. NATO doesn't get bills from Washington but S Korea and Japan does. THAAD is protection against long range missiles not short range missiles next door from N Korea but Washington and US media is brain washing Americans that its for S Korean defense. No one gives a fck if Washington pull THAAD away from S Korea because it only benefits the US. This is not how you treat your allies. Either Australian submarines deals went to France or not, US did took the deal and back stabbed France. Once a backstabber always a backstabber. Now Washington wants to steal semi technology from S Korea and they will get big middle finger.
@sheefatrabbi7382
December 27, 2023 at 4:20 am
Indians don't drink wine, they drink spirit lol
@northwest783
December 27, 2023 at 4:20 am
us just exported 9. 7 million tons coal to China , it's been increasing.
@wtfgenos4836
December 27, 2023 at 4:20 am
Support china 🇲🇾
@gerardyoutube3826
December 27, 2023 at 4:20 am
Simple question. If you have a restaurant, would you serve customers who are rude to you or your staff?
@polemicification
December 27, 2023 at 4:20 am
Australia want to help with climate change? Maybe quit exporting so much coal…
@LondonarabS
December 27, 2023 at 4:20 am
We in England have slapped our largest trading partner in the face and we are suffering now but too proud to admit we are wrong. Don’t follow us …. It’s a dead end
@chengavitch10
December 27, 2023 at 4:20 am
In a democratic country where people don’t want to trade with authoritarian society, why does the business sector want to go against people’s wish?
@davu5637
December 27, 2023 at 4:20 am
With China, many Aussies are absolute hypocrites.
‘Revolution is just a T-shirt away,” sings Billy Bragg. The T-shirts are made in China like everything else. We wear and consume the proof of the success of the Chinese Revolution and they drink our wine, use our iron ore, eat our tucker and enrich our entire tourism and education sectors.
It is almost impossible for almost anyone in the world to go a single day without buying or using something from China.
China is the engine of the world and now rules the world economically. We once ludicrously feared Reds under the beds. Now they’ve made the beds we lie in. One in five people in the world is Chinese.
The People’s Republic of China (as even ardent conservatives attest) achieved the greatest social, political and economic miracle in world history by raising 1 billion Chinese people out of feudal poverty into a middle class in 50 years. And dragged along prosperities for hundreds of million poor peoples around the world.
China has wisely followed the American and British examples of economic colonisation of the world but avoided the appalling errors of fighting useless and expensive wars. China has not caused a war for many years.
The economy of the world is predicated on China. We ignore China’s communism when we make money from it, but because of the COVID-19 virus we are suddenly sabre-rattling and loathing China’s political system. Hypocrisy rules.
Britain lied about COVID-19 mortality rates, and Trump’s US continues to exacerbate the virus. Has Australia demanded an inquiry into those countries? No. Japan has been building islands for decades with no international criticism. China builds islands and we send gunboats.
Australia rails against China’s human rights violations yet we continue to imprison refugees in concentration camps and continue to treat Aboriginal people appallingly. Australia is the nation which persecuted and demeaned the Chinese and others through the iniquitous White Australia policy.
Australia continues to treat the Chinese with racism and suspicion through an apparent genetic disposition to distrust them. We despair of Chinese surveillance of its citizens yet increase surveillance on our own. We despair of the Chinese persecution of minority races yet we are eternally trying to weaken our own Racial Discrimination Act.
Our Government is trying to suppress the press. We welcomed the English lords Vestey and McAlpine owning half of northern Australia, we allow American surveillance and military bases and yet we resent any Chinese investment in Australia.
China is a developing nation and is far from perfect – but we have much to learn from it. The cold war against China is damaging and dangerous. The British tried twice to poison and weaken the Chinese through opium addiction, invaded China and stole Hong Kong. There are Australians and Americans who’d gladly try to repeat that.
Sadly, Sinophobia is back officially and publicly as Australians are spitting on Chinese-Australians. Shame.
We are encouraged to criticise China but we rail against Chinese criticism of us. Isn’t Professor Kam Louie, of Hong Kong University, right when he says Australian leadership is “male, pale and stale”, and aren’t the Chinese right when they say Australia is America’s dog?
The Chinese came to Australia before the British, traded peacefully with Aboriginal people and had the good manners not to invade, claim the country and dispossess and massacre them.
The US and Britain are dying. China is flourishing. Napoleon was right when he said 200 years ago: “China is a sleeping giant. When she wakes, she will move the world.”
Australia must move with and not against China with respect and showing good example. Then we grow together in the great leap forward. Put that on a T-shirt made in China.
@hachidefibonacci4895
December 27, 2023 at 4:20 am
Why Has Australia Fallen Out of Love With Immigration? – The New York Times (nytimes.com)
is it just australia though?
swedish no go zones, 911, charlie hebdo, etc
a traitor is a traitor
u welcome folks in ur country and it goes up in the air?
no no no
keep ur jobs for ur ppl
@kycheng4728
December 27, 2023 at 4:20 am
America replaced Australia exporting recorded number of coal to China, American strategy success
@The_206
December 27, 2023 at 4:20 am
🦇
@jayc2886
December 27, 2023 at 4:20 am
Assie didn't know that she plays fire in front of 800lbs gorilla until she looked at her joker reflection.
@ryanlaw213
December 27, 2023 at 4:20 am
Thanks you Australia, now US can sell more product to China. Great job, Australia!
@marvinfok65
December 27, 2023 at 4:20 am
Of course Normal Business With China is ‘Impossible’, because Australia market in China had been filled up by the US! US export of coal, beef, pork, wheat, wine, timber to China had increase drastically since China stopped buying these from Australia! Chinese had change to dine with Boston lobsters than Australian lobsters!
@EAzuma
December 27, 2023 at 4:20 am
You can tickle yourself and laugh Aussie, the reality will come. I think this so-called researcher sat in his office and wrote his report. How can he fool us that Aussie businesses don't care losing Chinese market, the biggest market in the world.
@25bmax
December 27, 2023 at 4:20 am
I am sure australia will survive from losing a big customer.
@wk9378
December 27, 2023 at 4:20 am
Why complain. Isn't it what you wanted? You mean your polititians never expected this when you launch your anti China initiative?
@wk9378
December 27, 2023 at 4:20 am
Don't think the chinese gives a shit.
@cklim3614
December 27, 2023 at 4:20 am
Sell 100 % to USA and Trumpet. They can buy all or open own's mouth eat all.
@richardlumleysmith2843
December 27, 2023 at 4:20 am
What is the problem Australia?. You have lots of iron ore which China needs plus wine and meat!. So why allow politicians to "support USA" who reward those who help them with millions of US dollars after they leave office eg Tony Blair!.
@mwinyimwenyi
December 27, 2023 at 4:20 am
Africa stands with China against western attempts to bully China.
@ivantan4537
December 27, 2023 at 4:20 am
Only stupid SELLER will tell the BUYER how to do business.
@cheongwenpa
December 27, 2023 at 4:20 am
Took years to build a customer and can lose it overnight.
@Hahaha41241
December 27, 2023 at 4:20 am
Sure buy aussie
@cnvramamoorthy8358
December 27, 2023 at 4:20 am
Democratic countries should mutual help them self during china’s aggression
@michaelpang463
December 27, 2023 at 4:20 am
Hello Aussie be honest with yourself. Yr predicament was/is self inflicted. AUS decades of good life, peace n prosperity was taken for granted that China a small potato. Yr one n only problem is d smug of yr Aus CEO disrespect, spew insults to injuries resulting in self destruct. It will Not be business as usual as long as yr leadership remain same. Period.
A simple Solution to yr Complex problem .." radical change" to start anew. China is forgiving. BRI is connectivity, brings Nations n People together with shared Prosperty n better life to mankind.
False selfrightiousness n perceived strength with misplaced ideology breeds contempt. Food for thought!
Good luck n God Bless. ✌🙏
@cheongwenpa
December 27, 2023 at 4:20 am
Very grim.
@mantvidasbalcikonis5214
December 27, 2023 at 4:20 am
doom doom doom doom doorum
@supagirusupagiru9932
December 27, 2023 at 4:20 am
No matter where your export destination, if you treat them like you did China. They will eventually stop buying
@royalmontpark
December 27, 2023 at 4:20 am
I understand OZ banned Huawei for its own geopolitical interest, but I don't understand why did OZ appel to other nations to do the same. It is just not cool at all.
@astroayumi1752
December 27, 2023 at 4:20 am
Don't cry Australia go to your Papa { USA } and ask for help !
@hbc511
December 27, 2023 at 4:20 am
he is trying hard not to cry. but he does put up a good front even though fake.
@PutraMing
December 27, 2023 at 4:20 am
Why complaining about China. Just do business with Taiwan 😜😜😜
@jianyang6281
December 27, 2023 at 4:20 am
yes, coz USA is busy doing business with China, USA sold table wine to china from USD 50M(2019) to 200M(2020). and guess how much Aus sales goes down? the same amount….but negatively.
@frontseated5983
December 27, 2023 at 4:20 am
Would you do business with me if I demonize you every day ? Back off and tone down, so trade may resume.
@rabbitbobo4131
December 27, 2023 at 4:20 am
China only has so much money and market, there are only one true rules money has no nationality and color.
@michaelbrown5748
December 27, 2023 at 4:20 am
Mrs Jane is legit and her method works like magic I keep on earning every single week with her new strategy
@mohmeegaik6686
December 27, 2023 at 4:20 am
Australia needs to learn to treat China with respect China deserve rightly so.
@a.shikatoswu5400
December 27, 2023 at 4:20 am
Australia deserve to be punished 😭