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US to Nominate Ajay Banga for World Bank President

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The Biden administration will nominate former Mastercard CEO Ajay Banga to be the next president of the World Bank. Mike McKee reports on “Bloomberg Markets.”

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USS Lincoln Sailors Describe Toll of Deployment

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The USS Abraham Lincoln’s crew received a long-awaited port visit in Thailand after a 286-day deployment that included a modern-era record of 264 consecutive days at sea and months of combat operations in the Middle East. Joining Bloomberg This Weekend is Bloomberg News Southeast Asia Reporter Philip Heijmans who recently returned from Thailand and says sailors described food shortages, limited communications with family and uncertainty over their return, while many also expressed pride in their mission.
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Apple Unveils Foldable iPhone & New AI Strategy

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The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are T. Rowe Price Portfolio Manager Tony Wang, IDC Senior Director, Data & Analytics Nabila Popal, Former Apple CEO John Sculley, Signet Jewelers CEO J.K. Symancyk, LightShed Partners Walter Piecyk, S&P Dow Jones Indices CEO Catherine Clay, Oak Hill Advisors Founder & CEO Glenn August, QTS Co-CEO Tag Greason, AGCO Corp. CEO, Chairman & President Eric Hansotia, & Unifor National President Lana Payne.

Chapters:
00:00:00 Bloomberg The Close
00:02:11 Mark Gurman Breaks Down Apple’s New Era
00:06:57 Apple’s Foldable iPhone Through an Investor Lens
00:10:31 Foldable iPhone’s Impact on the Smartphone Market
00:15:29 Former Apple CEO John Sculley on John Ternus & Innovation
00:19:19 Apple’s $2,000 Price Tag & the AI Opportunity
00:23:10 Apple vs. OpenAI & the Future of AI Devices
00:26:18 Ed Ludlow on Foldable iPhone Demand & Pricing
00:29:18 Signet Jewelers CEO on Strong Earnings & Consumer Demand
00:33:16 Lab-Grown Diamonds, Tariffs & Jewelry Trends
00:38:02 Apple’s New Leadership & Product Strategy
00:43:42 S&P Dow Jones CEO on the S&P 500 Rebalancing
00:47:12 Big Tech Concentration, Equal Weight & Index Investing
00:54:14 Oak Hill’s Glenn August on AI Infrastructure Lending
00:56:41 Distressed Software & Private Credit Opportunities
01:00:19 Credit Markets, Refinancing & the Maturity Wall
01:03:46 Oak Hill Advisors, T. Rowe Price & Private Credit Growth
01:06:36 QTS on the Data Center Boom & Political Backlash
01:10:14 QTS Announces $1 Billion Water Infrastructure Fund
01:12:18 Data Centers, Power Grid Costs & Energy Affordability
01:18:03 AGCO CEO on Rising Costs for Farmers
01:20:10 Autonomous Farming & AGCO’s Retrofit Technology
01:23:08 Agriculture Outlook, Brazil & Global Demand
01:27:20 U.S.-Canada Trade War Escalates
01:30:13 Tariffs, Consumer Backlash & Rebuilding U.S.-Canada Trust
01:32:04 Trade Bans & the Economic Impact on Canada
01:34:57 What to Watch
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Bessent’s Bluff on Bonds Backfired, Says Pantera’s Morehead

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“The only way a bluff works is if nobody at the poker table knows you are bluffing, and to slide an extra $2 billion of poker chips out onto the table…when you are a forced seller…it backfired.” Dan Morehead talks about Bessent’s bond plan.
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Canada Tariffs Escalate Trade Spat; Markets brace for Inflation Test

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Get a jump start on the US trading day with Vonnie Quinn and Bailey Lipschultz on “Bloomberg Open Interest.” The summer calm may be over. Middle East tensions hit markets ahead of a crucial inflation report, as the US-Canada trade fight escalates. Apple enters the John Ternus era with a foldable iPhone. Plus, NASCAR CEO Steve O’Donnell on racing’s momentum, Bloomberg Intelligence’s Mandeep Singh on Qualcomm’s Amazon chip deal, and Julie Macklowe on tariffs, whiskey and the rise of ready-made cocktails.

Chapters:
00:00:00 – Open Interest
00:02:01 – Saudi Attacks, Iran Risks, Red Sea Disruptions & Oil Near $100
00:03:39 – Geopolitics, Inflation, Fed Risks & Q4 Market Outlook
00:07:49 – Canada Retaliatory Tariffs, Trade War Escalation & Midterm Pressure
00:12:36 – High Interest | Trump’s Midterm Convention, Millennium Nearing $100B & Amazon’s First Sterling Bond Sale
00:13:50 – Qualcomm-Amazon AI Deal, Data Center Chips, AI Capex & Apple Event Preview
00:18:06 – Stuart Kaiser Citi | CPI Risks, Fed Decision, AI Earnings Growth & Market Volatility
00:31:52 – Top Calls | Best Buy Downgrade, SpaceX Buy Rating & Sweetgreen Upgrade
00:33:20 – Apple’s Foldable iPhone, AI Strategy, Oracle Earnings & Data Center Spending
00:41:02 – Novartis Trial Failures, Pharma M&A Risk & Drug Pipeline Concerns
00:44:32 – Katrina Dudley Franklin Templeton | AI ROI Debate, Healthcare Productivity, Markets & Fed Expectations
00:53:54 – Canada Tariffs, U.S. Trade Pressure & Political Fallout
00:56:33 – High Interest | H-1B Visa Collapse, Anthropic’s Abandoned AI Deal & AI’s Impact on Education
00:58:15 – Peter Hughes Apex Group | Family Office Investing, Private Markets, Tokenization & Alternative Assets
01:07:02 – Steve O’Donnell | NASCAR Growth, Media Strategy, Private Equity & Sports Business Expansion
01:17:58 – Julie Macklowe Macklowe Founder | US Hits Canada with 50% Liquor Tariff  
01:24:34 – Big Take | Millennium’s Rise to $100B, Hedge Fund Expansion & Industry Consolidation
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Volkswagen Plans 50,000 Job Cuts; Anthropic Nears $15B Credit Deal | The Pulse 9/4/2026

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Bloomberg has learned Anthropic is set to finalize an expansion of its revolving credit facility to $15 billion, clearing a hurdle before the artificial intelligence firm’s public filing for its highly anticipated IPO.

Volkswagen shares gained as much as 9.7%, the biggest intraday move since March 2023, after the carmaker’s supervisory board backed a sweeping restructuring that includes 50,000 additional job cuts.

US stocks and Treasuries held steady as traders waited to see whether Friday’s payrolls report will offer the Federal Reserve enough justification to hold off on an interest-rate hike in September.

Today’s guests: Nouriel Roubini, Roubini Macro Associates CEO; Enrico Letta, Institut Jacques Delors President & Former Italian Prime Minister; Arancha González Laya, Sciences Po Dean of International Affairs & Former Spanish Foreign Minister


“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua Live from Cernobbio
00:02:49 – Nouriel Roubini, Roubini Macro Associates, CEO
00:11:44 – Anthropic finalizing $15 billion pre-IPO credit facility
00:13:01 – Altman: Will do what is best for society
00:15:22 – Meloni’s leadership milestone
00:16:02 – Enrico Letta, Institut Jacques Delors President & Former Italian PM
00:25:10 – Friday headlines
00:25:41 – Volkswagen approves plan to cut 50,000 more jobs
00:27:36 – Germany’s far-right stirs fears ahead of state election
00:31:55 – Reform UK denies wrongdoing over donation sting
00:32:16 – Ireland’s Martin on ‘reckless’ Russia
00:33:02 – Vance says Iran conflict isn’t war
00:33:36 – US retail diesel prices hit record as Hormuz crises drag on
00:38:14 – Arancha Gonzalez Laya, Former Spanish Foreign Minister
——–
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