Content creator Macy Gilliam spent 90-hours over four months and about $2,000 making a sweater from scratch, starting with wool from a sheep at New York City’s Queens County Farm Museum. Gilliam joins Christina Ruffini on Bloomberg This Weekend where she explains that the project gave her a new appreciation for the labor behind clothing and raised questions about transparency, quality and ethics across fashion’s complex supply chains.
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Beijing threatened to retaliate against the US and signaled it won’t back away from its cooperation with Iran after the Trump administration’s latest sanctions targeted businesses in China and Hong Kong. Bessent unveiled dozens of new sanctions on entities, individuals and vessels, but the main thrust of a high-profile press conference was threatening so-called secondary sanctions against companies and countries that continue doing business with Iran.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.

Chapters:
00:00:00 – The Opening Trade | 8/25/2026
00:01:52 – Bessent’s Iran ‘D-Day’ Threat
00:04:44 – Canada Prepares Tariff Response
00:06:48 – Stock Futures Rise After Chip Slide
00:12:17 – Bessent Plan Risks Collision Course with China
00:14:30 – Derek Halpenny of MUFG
00:21:16 – Need To Know: Siemens, Burnham
00:25:45 – Henrietta Pacquement of Allspring
00:34:38 – Nvidia’s 7-Day Losing Streak
00:38:10 – MLIV
00:41:48 – Stocks To Watch
00:47:36 – The Market Open
00:50:22 – Shanit Kelemen of 7IM
00:59:15 – Core 6 & Movers
01:04:00 – China Repeats It Would Respond to Sanctions
01:06:32 – Trump Vows to Double Canadian Auto Tariffs
01:15:29 – David Rees of Schroders
01:22:03 – Hormuz Shock Shows Gulf Energy Trade Can Adapt
01:27:24 – Climate Risk to London Luxury Homes
01:30:18 – Daybook
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Guggenheim Partners Investment Management CIO Anne Walsh says she would “back up the truck” and buy a lot of 30-year US Treasuries at 6%. Walsh also talks about the risks of investing in the AI data center buildout. She speaks on “Bloomberg Surveillance.”
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Gautam Adani has won the dismissal of US fraud charges that threatened his global ambitions. After months of legal maneuvering, a major hurdle is gone, potentially clearing the way for the Indian billionaire to expand in the US.
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Pierre Ferragu, New Street Research global team head of technology infrastructure, says supply chain issues and opposition to data centers in the US do make him nervous about Nvidia’s future. The chipmaker says revenue will grow by about 70% in the next fiscal year. He speaks on “Bloomberg Open Interest.”
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