In September, Seoul’s fine dining scene got a big boost with the premiere of hit Netflix cooking competition Culinary Class Wars. @sunny_newsiee reports on how the show continues to influence Korean diners and increase revenue for operators https://trib.al/NAw8ik5

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Oil extended gains after a report that Iran attacked “hostile targets” in the Strait of Hormuz. Iranian media also reported that Tehran will seek to bar US and Israeli ships from the waterway. Bloomberg’s Yongchang Chin reports.
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Acting Principal Deputy Assistant Secretary for the Bureau of Near Eastern Affairs Jen Gavito and retired Vice Adm. Robert Harward join Bloomberg This Weekend and offer sharply different assessments of whether escalating US economic pressure can change Iran’s calculus, with Gavito arguing sanctions alone are unlikely to provide an off ramp and Harward saying they can weaken Tehran when combined with political and military pressure.
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An auction of 10-year and 30-year US treasuries lured decent appetite from investors demanding more compensation to finance the US government. The sales followed a subdued core inflation print, easing pressure on the Federal Reserve to raise interest rates next month. But with soaring government spending, a swelling budget deficit and an investment boom driven by AI demand showing no sign of slowing, investors are questioning whether elevated yields can be sustained. The Opening Trade spoke to guests about the outlook for the US bond market.

Chapters:
00:00:00 – OT Markets Snapshot: Yields
00:00:15 – Sree Kochugovindan Aberdeen
00:00:32 – Mark Cudmore, Bloomberg MLIV
00:00:45 – Henry Allen, Deutsche Bank
00:01:19 – Peter Schaffrik, RBC Capital Markets
00:01:32 – Marc Seidner, PIMCO
00:01:51 – Fabiana Fedeli, M&G Investments
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Prime Minister Narendra Modi used his Independence Day address to lay out an ambitious path toward making India a developed economy by 2047, emphasizing self-reliance, semiconductor manufacturing, AI and nuclear power. Joining hosts Joe Mathieu and Carol Massar on Bloomberg This Weekend to discuss the Prime Ministers speech is Bloomberg News Senior Reporter Dan Strumpf.
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