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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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 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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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Senator Chris Coons of Delaware discussed the current Senate agenda, aiming to pass a government funding bill to avoid a shutdown through December, highlighting the importance for federal employees and the country’s global standing. Republican Congressman Dusty Johnson of South Dakota, a member of the House Committee on Agriculture and the House Select Committee on China, spoke about the ongoing negotiations in the Senate regarding a continuing resolution to fund the government. Democratic Congressman Greg Landsman of Ohio, a member of the House Energy and Commerce Committee, discussed the recent Senate passage of the Lindsey Graham Russia sanctions bill.

Chapters:

00:01:47: Sen. Chris Coons (D-DE) on Senate Eyes Packed Agenda Ahead of August Recess
00:03:58 Sen. Chris Coons (D-DE) on Trump: Senate Will Hopefully Pass Protect College Sports Act
00:05:12 Sen. Chris Coons (D-DE): Blanche May Be Confirmed but Republican Colleagues Will Regret That
00:09:27 Sen. Chris Coons (D-DE) on US Says Putin Willing To Test NATO With Limited Assaults: WSJ
00:13:22 Bloomberg’s Josh Wingrove on Trump Again Moves To Fire Cook, Reviving Fed Independence Fight
00:15:18 Rep. Dusty Johnson (R-SD) on Possible Government Shutdown in September
00:17:28 Rep. Dusty Johnson (R-SD) on Senate Delays Clarity Act Vote Until After August Recess, Thune Confirms
00:22:28 Bloomberg’s Michael McKee on US Employers Unexpectedly Shed Jobs
00:26:54 Rep. Greg Landsman (D-OH) on Senate Passes Russia Sanctions Bill Championed by Sen. Graham
00:29:26 Rep. Greg Landsman (D-OH) on Iran Says Deal With Oman on Hormuz Ships Agreed in Principle
00:31:36 Rep. Greg Landsman (D-OH) on Pressure Increases on Rep Miller To Step Aside
00:34:45 Rep. Greg Landsman (D-OH) on Supreme Court Lets Trump End Protected Status for Haitians
00:36:25 Bloomberg’s Tyler Kendall With Daniel Driscoll: Giving Firms Access to Testing Ranges
00:41:58 Political Panel Reacts: Senate Packed Agenda, Cassidy Says He’ll Give Blanche Key Vote for Attorney General, White House Ballroom

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A weaker-than-expected jobs report has stock rebounding on speculation the Fed may not have to hike rates soon. Bloomberg’s Mike McKee and Deutsche Bank Chief US Economist Matthew Luzzetti break down Friday’s jobs numbers, including how an aging population are reshaping the economy. Plus, Indeed Hiring Lab Director of Economic Research Laura Ullrich talks about the impact to jobs in the education sector and what she’s seeing as the fasted growing jobs in the US. Finally, ‘Business of Sports’ Podcast Co-host Randall Williams talks streaming costs for sports fans and the ongoing FIFA revolt.
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