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Russell 2000 Jumps as US Inflation Cools | Bloomberg: The Close 07/11/2024

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US Munitions Strain Complicates Iran Strategy

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The US remains outside formal negotiations with Iran as Oman and Tehran discuss arrangements for the Strait of Hormuz, leaving the diplomatic path uncertain and raising the possibility of renewed fighting. Joining Bloomberg This Weekend, Bloomberg News White House & National Security Editor Michelle Jamrisko explains to David Gura and Christina Ruffini that strains on US munitions supplies are complicating Washington’s options, with the Pentagon pushing defense contractors to accelerate production while balancing weapons needs across Iran, Ukraine and other potential conflicts.
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Trump: Latest Talks ‘Last Chance’ for Iran | Bloomberg Businessweek Daily 8/3/2026

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President Trump says talks are happening with Iran, and that he wants to give the country a last chance before “decapitation.” Bloomberg News White House Correspondent Jeff Mason reacts to the President’s latest comments on Iran, plus the announcement from Acting AG Todd Blanche that the DOJ is rescinding the anti-weaponization fund order. Then, Torsten Slok, Chief Economist at Apollo, says the economic impacts from the war in Iran remains one of the most important factors as the Fed continues to weight interest rate hikes. Finally, Goldman Sachs Senior Equity Research Analyst Lizzie Dove talks Marriott earnings, and the war’s impact on the travel and leisure sector.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:01:38 Preview: Iran, DOJ & the Fed
00:02:09 Trump on Voter ID, Iran & the SAVE America Act
00:08:28 Trump on the Anti-Weaponization Fund & Todd Blanche
00:16:16 Trump Criticizes Oil Company Profits
00:18:00 Trump on Crime, Immigration & Washington, D.C.
00:22:46 Trump Gives Iran a “Last Chance”
00:29:30 White House Analysis with Jeff Mason
00:33:13 Polls, Politics & the Midterms
00:38:05 Trump’s Oil Comments Move Energy Stocks
00:40:18 Market Update: Stocks Extend Gains
00:41:22 Torsten Sløk on Markets & the 60/40 Portfolio
00:42:05 Why the Strait of Hormuz Still Matters
00:44:37 Kevin Warsh, the Fed & Market Confusion
00:49:01 Why the Classic 60/40 Portfolio Is Breaking Down
00:52:08 AI Concentration & Market Risk
00:53:53 Market Update: Hotels, Palantir & Big Tech
00:54:11 Marriott Earnings & Global Travel Trends
00:57:06 Business Travel vs. Leisure Demand
00:59:14 Cruise Industry Outlook
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LIV Golf Tries to Survive Without Saudi Billions

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LIV Golf is seeking fresh investments as it prepares to cut purses and move away from the huge guaranteed payments that helped it lure some of golf’s biggest stars. Author of “LIV or Let Die” Alan Shipnuck is on Bloomberg This Weekend to explain that the league’s future may depend on retaining players including Jon Rahm and Bryson DeChambeau while proving it can attract enough fans and revenue to operate with less financial support from Saudi Arabia.
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Big Take: War Is Good For Big Oil’s Profits

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With Exxon and Chevron reporting their biggest profits in years, oil reporter Mitchell Ferman on why US gasoline prices are still so high.
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Oil Slumps as Trump Calls Off Attack on Iran

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Oil fell after US President Donald Trump said new talks with Iran would begin on Monday after he called off a planned attack on the Islamic Republic. Bloomberg’s Nicholas Lua reports.
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