Apollo Chief Economist Torsten Slok says early labor-market data suggest AI’s first impact is appearing more in wages than employment. In a study of hundreds of occupations, Slok found that jobs with higher exposure to AI have seen weaker wage growth, while the employment effect remains relatively small. But the picture is still coming into focus: Slok says AI is also helping fuel record business formation, which could create new jobs and make the economy more dynamic. Former IBM HR chief Diane Gherson says companies are already deciding which work can be automated, which employees can be retrained and whether AI savings come through layoffs, slower hiring or reskilling.
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The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Alexis Christoforous bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Former MI6 Chief Sir Richard Dearlove, American Whiskey Association President & CEO Michael Bilello, The Atlantic Contributing Writer and Columbia University Institute of Global Politics Distinguished Fellow Kim Ghattas, and Carleton College Professor of Economics and “Demographics and the Demand for Higher Education” Author Nathan Grawe.

Chapters:
00:00:00 – Bloomberg This Weekend Begins
00:01:35 – News Now with Alexis Christoforous
00:04:10 – US-Canada Trade Talks Breakdown
00:08:40 – Bessent’s Debt Buybacks Jolt Bond Markets
00:13:36 – Trump Promises ‘Economic D-Day’ Against Iran
00:15:55 – US Public Debt Surpasses $40 Trillion
00:17:59 – Alexis Christoforous with News Now
00:20:05 – Chief Justice Lets Trump Keep Building Ballroom For Now
00:23:19 – Trump Making Ballroom ‘Fait Accompli,’ Foes Tell Supreme Court
00:25:03 – Mail-In Voting Decision Expected Soon
00:26:28 – Stohr on US-Canada Trade Talks
00:28:32 – North Korea Sees Economic Boom
00:31:29 – News Now with Alexis Christoforous
00:33:30 – US Lead in the AI Race With China is Rapidly Narrowing
00:35:46 – Chinese AI Models Grow in Popularity in the US
00:38:58 – OpenAI & Anthropic Consider Going Public
00:41:30 – BTW with Alexis Christoforous
00:48:31 – Top of the Hour with Bloomberg This Weekend
00:49:40 – Alexis Christoforous with News Now
00:52:05 – US Hits Canada With 50% Tariffs and Carney Vows to Retaliate
00:56:10 – US Debt Buybacks Aim to Reign in Long-Term Borrowing Costs
01:00:05 – US 30-Year Bonds Reverse Gains From Treasury’s Buyback
01:02:15 – Decloet on US-Canada Trade Talks Breakdown
01:06:30 – News Now with Alexis Christoforous
01:08:26 – MI6 Rated Top European Foreign Intelligence Agency
01:09:40 – Dearlove: Human Intelligence Offers Clearest Pict
01:10:45 – MI6 Retention and Recruiting
01:12:01 – Dearlove: CIA at the Moment Has a Problem
01:17:33 – China Holds World Robot Conference in Beijing
01:20:01 – Alexis Christoforous with News Now
01:22:15 – CEO of American Whiskey Association Joins Bloomberg
01:24:40 – Alcohol Hit By US-Canada Tariffs
01:26:22 – Lumber, Spirits, Hockey Sticks Hit by US-Canada Tariffs
01:30:02 – Why Does Everyone Have a Dachshund Now?
01:31:58 – The Dachshund is Becoming the Ideal House Pet
01:33:06 – Demand for Dachshunds are Holding Steady
01:37:03 – Top of the Hour with Bloomberg This Weekend
01:38:25 – Headlines with Alexis Christoforous
01:40:54 – Panelists on US Hits Canada With 50% Tariffs and Carney Vows to Retaliate
01:45:20 – Panelists on US Debt Buybacks Aim to Reign in Long-Term Borrowing Costs
01:47:57 – Treasury Secy Bessent to Announce New Fiscal Plan
01:52:42 – Trump Allows Tariff Relief for Ground Beef Imports
01:55:03 – News Now with Alexis Christoforous
01:56:53 – Bessent to Announce Details of New ‘Economic Operation’
02:03:22 – Lebanon Flare-Up and Gaza Strikes Dent Mideast Peace Prospects
02:08:34 – Alexis Christoforous with News Now
02:10:58 – Drop in Birthrates Puts Strain on College Enrollment
02:12:17 – US Colleges See Fewer Enrollments
02:13:43 – Over 50 US Colleges Have Closed, Merged Since 2020
02:14:54 – Higher Ed Consolidation Pressures Small Schools
02:18:34 – Pointed: The News Quiz for Risk Takers

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Industry leaders joined Bloomberg’s New Voices program on Martha’s Vineyard to speak about how the island is becoming a place for business and collaboration https://bloom.bg/3Sf3cfr

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US-Canada trade talks collapsed late Friday, triggering 50% US tariffs on about $20 billion of Canadian goods and a pledge from Prime Minister Mark Carney to retaliate dollar for dollar. Joining Bloomberg This Weekend are Bloomberg White House Correspondent Jeff Mason and Bloomberg Markets and Economic Columnist Jonathan Levin to discuss how the dispute could deepen a lasting rupture between the allies while tariff-driven inflation, rising Treasury yields and the $40 trillion US debt load complicate the administration’s economic message ahead of the midterms.
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Rebecca Patterson, senior fellow at the Council on Foreign Relations and former chief investment strategist at Bridgewater Associates, joins Scarlet Fu and Tom Keene on “Bloomberg Money.” Total US public debt surpassed $40 trillion for the first time, and has now surged by a third in less than five years, as US lawmakers continue to shrug off calls to contend with historically wide fiscal deficits.
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