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Warsh’s Jackson Hole Inflation Vow | Bloomberg Businessweek Daily 8/28/2026

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Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing, but vowed policymakers will return inflation to their 2% goal. Bloomberg News’ Economics & Policy Correspondent Mike McKee is in Jackson Hole where Warsh gave his first speech since becoming chairman of the Central Bank. Brooke May, Managing Partner at Evans May Wealth, also reacts to Warsh’s inflation vow with some skepticism. Then, Linamar Executive Chair Linda Hasenfratz discusses President Trump’s tariff threats on the Canadian cars and auto parts, saying if a 50% tariff is imposed by next year it would bring the industry “to its knees.”  Finally, Affirm Founder & CEO Max Levchin explains how his company sets rates and keeps up with a growing industry, arguing Affirm’s transparency makes it stand out from competitors.

Chapters
00:00:00 Opening: Jackson Hole Fed Friday
00:02:13 Market Update: Stocks Fall, Yields Rise
00:04:19 Kevin Warsh’s Inflation Warning
00:05:44 What Warsh’s Speech Means for the Fed
00:07:15 Could the Fed Hike Rates in September?
00:08:03 Jackson Hole, Lisa Cook & Jay Powell
00:11:20 Investor Reaction to Warsh’s Speech
00:12:45 Can the Fed Really Get Inflation Back to 2%?
00:16:15 Midterms, Markets & $7 Trillion on the Sidelines
00:20:58 Canada Retaliates With New U.S. Tariffs
00:21:42 Linamar on the U.S.-Canada Auto Trade War
00:23:16 How Auto Tariffs Could Hit Consumers
00:24:24 Trump’s 50% Auto Tariff Threat
00:26:03 Could Tariffs Shut Down North American Auto Production?
00:27:24 Can the U.S. and Canada Reach a Deal?
00:32:35 Market Update: Stocks Slide, Yields Jump
00:34:19 Affirm CEO on the Health of the U.S. Consumer
00:36:01 What Consumers Are Financing With Affirm
00:37:50 Affirm vs. Credit Cards & Klarna
00:39:27 Affirm’s Bank Charter & In-Store Expansion
00:43:20 Stock Movers: PayPal, Affirm & BioNTech
——–
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AI Fears Roar Back, Tech Earnings on Deck

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A rebound in the artificial intelligence trade sputtered after the dismal debut of a South Korean data center firm revived concerns about whether the technology’s spending boom can last.

Seoul’s Kospi Index fell 3.8% on a fresh bout of weakness in two of the world’s biggest memory makers, Samsung Electronics Co. and SK Hynix Inc. AI infrastructure group Elice Inc. suffered the worst opening day for a sizable company on the bourse, even after an initial public offering that was 400 times subscribed.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.

Chapters:
00:00:00 – The Opening Trade Begins: Markets Preview: Tech Weakness & European Outlook
00:04:08 – France’s Political Turmoil & Bond Market Risks
00:06:05 – German Chancellor Friedrich Merz on Russia, China & Europe
00:07:54 – Breakings News: UK Labour Market & Bank of England Outlook
00:09:40 – What to Watch
00:11:56 – France Protests, Curfews & Political Risk
00:15:35 – BNP Paribas’ Camille de Courcel on Investing in French Bonds Amid Political Uncertainty,
00:21:32 – Need to Know: Trump, Putin & Xi Summit Prospects
00:25:11 – Societe Generale’s Manish Kabra on the AI Trade & Tech Earnings, Bond Yields, Credit Risk & the Fed
00:32:52 – German Chancellor Friedrich Merz Warns Europe Is Underestimating Russia
00:34:33 – Francine Lacqua on Merz, Russia & German Investment
00:38:58 – Asia Tech Selloff & South Korean IPO Slump, Strong Demand for Japanese Government Bonds: MLIV
00:42:29 – Stocks to Watch
00:45:48 – European Markets Open
00:50:10 – JPMorgan’s John Bilton on AI, Productivity & Long-Term Investing, Tech Valuations, Returns & Dot-Com Comparisons
00:59:14 – European Stock Movers: Schneider, ABB & Anglo American
01:02:45 – BHP, Copper Supply & Chile Mining Disruptions Copper Tariffs & Market Volatility
01:05:43 – UK Labour Market & Bank of England Rate Outlook, UK Budget, Taxes & Inflation
01:11:13 – European Markets: Tech & Industrials Under Pressure
01:13:24 – Need to Know
01:14:28 – France Curfews & Risk of Further Unrest
01:16:52 – Citi’s Giada Giani on France’s Budget & Bond Market Risks, France’s Fiscal Reform & 2027 Elections, European Gas Prices & ECB Rate Outlook
01:27:59 – Tech Earnings Preview: Netflix & SpaceX, AI Financing Risks & Equity Strategy
01:30:25 – Oil, Bonds & the Growth Outlook, UK Inflation & Bank of England Expectations
01:34:29 – Closing Takeaways
——–
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SpaceX Shakes Up Telecom Stocks | Closing Bell

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Jess Menton, Carol Massar and Tim Stenovec.
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Why Mistral Is Betting on a Different Kind of AI

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Europe has fallen behind the US in the race to build the biggest AI models, constrained by smaller capital markets and a fragmented business environment. France-based Mistral is betting it can compete differently using open-source models to offer companies lower costs, more control over their data and greater technological sovereignty.
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Meta Slides 7% as AI Spending Fuels Credit Fears | Closing Bell

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Jess Menton, Carol Massar and Tim Stenovec.
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Markets Brace After Lula’s Surprise Comeback Win In Brazil Elections

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“Insight with Haslinda Amin” is a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.

Chapters:
00:00:00 – Insight with Haslinda Amin Begins
00:01:59 – Flávio Bolsonaro calls for Brazil’s runoff vote to be overturned after Lula’s victory
00:08:15 – Klay Group Co-CIO Uday Vikram on how markets are reading Lula’s electoral win
00:14:59 – AI trade in Asia tightens ahead of US megacap earnings and central bank decisions
00:17:45 – Vikram on volatility in Asia’s AI trade
00:24:37 – Trump weighs “decision time” on Iran war
00:28:12 – World Nuclear Association Director General Sama Bilbao y León on nuclear energy’s role in Southeast Asia
00:39:03 – Jio’s record IPO defies India’s market rout
00:42:45 – Indian farmers join voter-roll protests against the election commission chief
——–
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