Business
Australian Companies Need to Take Action on Gender Gap: WGEA
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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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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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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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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@Adam-ml1ez
January 21, 2024 at 10:04 pm
How is this not "misinformation"?
@AIenSmithee
January 21, 2024 at 10:04 pm
I don’t like Jordan Peterson, but this women doesn’t realize that when she says she is surprised that companies that are taking action to shrink wage gap and actually going in the other direction she actually proves his point. That when given more freedom and choice men and women will sort themselves out how they feel with fewer women willing to work longer and harder for money at the cost of time with family and friends. I hate how morons like this make it easy for conservatives to look like economic sages.
@AIenSmithee
January 21, 2024 at 10:04 pm
This is such an anti-intellectual approach to a made up problem. Can’t people see that they start with the false premise that disproportionate earnings between men and women equals sexism. I think they know that they are ghost hunting because this “gap” won’t disappear and keep their organization alive. It feels so silly that the logic of the pay gap is about as sound as Lisa Simpson convincing homer that her rock keeps tigers away because there are no tigers around.
@timothyofcox2450
January 21, 2024 at 10:04 pm
How bout we ask women to man up?
@timothyofcox2450
January 21, 2024 at 10:04 pm
Looks like the comment section knows more than Libby. Looks like tax dollars well spent. Tax dollars that men contribute 80% of, and womens services deplete 70% of.
Thats sexism libby, but you dont think men are human, hence dont deserve equality.
@timothyofcox2450
January 21, 2024 at 10:04 pm
Propoganda.
How about..
Asking women to..
Work more hours..
Work more dangerous jobs..
And why is the WGEA made up of only women. Pretty sexist if you ask me.
No? Oh thats right, cant play the victim if its your own fault, can you.
Whats your wage Libby?
@toddpowers3085
January 21, 2024 at 10:04 pm
WGEA has the LEAST diverse workforce in Australia ONLY 3 men work for WGEA and all the people in the top jobs there are white women. The Government should be auditing WGEA for there lack of Diversity. Watching Libby make a fool of herself as well as the whole feminist movement is the funniest thing I have ever seen. I never tire of watching Libby in Senate Estimates.
@Dave-wu7ir
January 21, 2024 at 10:04 pm
Its Libby I don't have the Data Lyons. Her Grand Father who was the Prime Minister of Australia must be rolling in his grave as he watches Libby ruining the Family's Reputation. $6.6 Million a year this Agency is the biggest tax payer ripoff of all time.
@Jessica-ju3bs
January 21, 2024 at 10:04 pm
Libby says that Diversity is good for workplace yet her Agency the Gender Workplace Equality Agency has 28 women and only 3 male employees. Maybe if there was more diversity at WGEA the gender pay gap would be closing faster. It is shameful that this Agency is allowed to waste 6.6 Million a year. When the data from the ABS is so clear men are working more hours on average.
@FeminismDebunked
January 21, 2024 at 10:04 pm
Judith Sloan has debunked this woman and her agency that costs the Australian tax payer $6.6 million a year. But Libby's own admissions her agency has done nothing to lower the gender pay gap.
@FeminismDebunked
January 21, 2024 at 10:04 pm
LOL the woman who could not answer the question What is the Gender Workplace hours gap? We dont have that data. LOL its on the ABS website.
@Daniel-hh8od
January 21, 2024 at 10:04 pm
Men generally take on more high risk jobs, late shift graveyard jobs than women, and the majority of women refuse to take these jobs. These jobs pay higher. Also, women are more likely to go on maternity leave in child-bearing years, which they will take a cut in pay. But the media refuses to acknowledge this data. If you want the data to show equality in pay, have these women take the high risk, graveyard jobs. Seriously.
@Feelthefx
January 21, 2024 at 10:04 pm
It’s funny how all the feminist/activist videos from Bloomberg all have the lowest views because NOBODY CARES
@michaelayliffe7238
January 21, 2024 at 10:04 pm
You cannot see the world as equal, when the same agenda is producing the gig economy and uncertainty.
@FilmBuffBros
January 21, 2024 at 10:04 pm
Global and national phenomena are susceptible to a myriad and combination of factors.
In order to subscribe to the gender pay gap notion, one must ignore all other factors other than sexism.
@sparx832
January 21, 2024 at 10:04 pm
"Australian Companies Need to Take Action on Intrinsic Value Gap: Tim Goldich":
https://www.youtube.com/watch?v=k1I0Qumnwxs
@MrMarco4ever
January 21, 2024 at 10:04 pm
Hi Haidi! I watch from the UK to learn about business news everyday with your sharp questions. Big love!