Leigh Steinberg, legendary sports agent and founder of the Leigh Steinberg Foundation, spoke about the unprecedented valuations in the sports industry, highlighting the ongoing Los Angeles Lakers sale currently valued at $12.5 billion. He emphasized the dramatic increase in franchise values over the decades, noting that when he started in 1976, NFL expansion teams were purchased for $16.5 million, compared to recent sales reaching into the billions. He speaks with Romaine Bostick on “The Close.”
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President Trump’s political and economic promise to bring factory jobs back to the US remains unfilled after eight years of steel tariffs.
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The global bond selloff continues with long-dated bond yields pushing further into multidecade highs. Ira Jersey of Bloomberg Intelligence has more on what could be causing all this on “Bloomberg Surveillance.”
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Tom Keene’s early days were split between “glass half-empty” and “glass half-full” thinking. He discusses how his parents and mentors — from Sir John Templeton to Bloomberg Money guest David Kelly shaped his investing worldview bloom.bg/4bfsIHs

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SK Hynix revealed plans to buy back 40 trillion won ($29 billion) of stock and return more of its profits to shareholders. The memory chipmaker will buy back as many as 24 million treasury shares between Aug. 20 and Nov. 19 and cancel them. Neil Campling reports on Bloomberg Television.
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