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US Jobs Data Comes in Under Forecast | Bloomberg Businessweek Daily 7/2/2026

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Today, Marta Norton, chief investment strategist at Empower, discusses the underwhelming June jobs report and that means for the Fed’s next move. Then, Stuart Paul, Bloomberg Economics US and Canada economist, talks oil prices and what a permanent toll on the Strait of Hormuz would mean for oil prices. Plus, Robin Wenzel, head of the Wells Fargo Agri-Food Institute, breaks down the cost of fourth of July barbeque and where americans are feeling pinched at the grocery store. Finally, ‘Bloomberg Business of Sports’ co-hosts Vanessa Perdomo-Maglione and Randall Williams, discuss the United States’ World Cup win over Bosnia-Herzegovina in the round of 32 and how a controversial red card may cost the US its leading scorer in the next game.

Chapters
00:00:00 Bloomberg Businessweek Daily Open
00:01:14 June Jobs Report Misses Expectations
00:02:29 Market Update: Dow Records, Chip Stocks Tumble
00:04:20 Markets React to the Jobs Report
00:05:00 Empower’s Marta Norton on the Labor Market
00:08:05 Inflation, Supply Shocks & the Fed
00:11:10 Strait of Hormuz Toll Fees Explained
00:12:20 Bloomberg Economics on Oil & Global Trade
00:17:15 Will Lower Gas Prices Boost Spending?
00:19:05 Market Update: Blackstone Data Center Surprise
00:21:00 Data Center Pushback & AI Infrastructure
00:22:20 Fourth of July BBQ Costs Rise
00:24:30 Where Shoppers Can Still Find Grocery Savings
00:25:20 When Will Beef Prices Come Down?
00:29:20 GLP-1 Drugs Are Changing Grocery Shopping
00:31:40 Heat Wave Causes New York Power Concerns
00:32:35 Market Update: Chip Selloff Continues
00:34:30 World Cup Fever Grips the U.S.
00:35:35 U.S. Soccer’s Red Card Controversy
00:42:40 Stocks on the Move
00:44:20 AI Chip Stocks Lead Market Declines
00:47:35 Moderna Jumps on Vaccine Progress
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Gen-Z Traders Go for Broke In American Dream Pursuit

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Bloomberg’s Justina Lee joins Lisa Mateo and Tom Keene on “Bloomberg Money.” The share of stock volumes of retail investors has doubled over the past 15 years, Bloomberg Intelligence estimates. Social media and the gamification of trading have played a decisive role in the growth of investing in crypto, options, sports betting, and prediction markets.
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Oil Glut Fears Rise as Supply Recovery Outpaces Demand | Insight with Haslinda Amin 07/06/2026

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Insight with Haslinda Amin, 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
00:01:09 – Oil supply rebounds globally, easing prices despite ongoing tensions
00:01:51 – Asian stocks supported by oil pullback but tech momentum weakens
00:07:07 – Zuma Wealth Founder & CIO Terri Spath on markets staying resilient despite geopolitical risks
00:08:41 – Spath on why earnings growth is critical for sustaining the bull market
00:10:27 – Spath on broadening beyond mega-cap AI names as market leadership expands
00:15:21 – Spath on why she remains cautious on China but constructive on Japan
00:20:23 – Modi’s Indo-Pacific tour highlights shifting alliances amid US uncertainty and China’s rise
00:23:55 – Indian markets rebound as investors rotate out of crowded AI trades
00:26:05 – Neuberger Berman Senior Portfolio Manager Prashant Singh on India bonds at an inflection point
00:26:10 – Singh on currency risks easing and boosting investor confidence
00:28:26 – Singh on global conditions and oil prices as key risks to watch
00:31:41 – Singh on global conditions and oil prices as key risks to watch
00:34:06 – Singh on why long-duration bonds offer attractive opportunities
00:35:57 – Kpler Senior Crude Oil Analyst Muyu Xu on rising oil supply outweighing geopolitical risks
00:36:28 – Xu on backlog clearing in the Persian Gulf driving price pressure
00:40:14 – Xu on India’s growing demand and refining expansion supporting consumption
——–
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Tech Giants Lift China Stocks as Rest of Asia Slumps | The China Show | 7/2/2026

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“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:00 – Bloomberg: The China Show opens
00:04:34 – Meta is planning a cloud business to sell AI computing power
00:05:28 – Apple wants chips from Chinese firms on Pentagon blacklist
00:11:50 – SEC probes alleged insider trading at Susquehanna
00:15:08 – UBS Global Wealth Management’s Eva Lee on China market outlook
00:20:58 – What to watch in Greater China today
00:26:34 – UBS Global Wealth Management’s Eva Lee on the 2H 2026 outlook
00:34:17 – China’s CMRG plans to block some Fortescue iron ore deliveries
00:39:47 – Bloomberg Economics on a potential AI bubble crash
00:49:37 – AI jitters hurt chipmakers in Asia
00:56:06 – Warsh says inflation risks are down
00:59:40 – Citi’s Marc Luet on the bank’s Asia strategy
01:12:45 – Takaichi visits India to boost ties as China tensions rise
01:17:14 – AI jitters hurt chipmakers in Asia
01:20:57 – World’s hottest ETF whipsaws the market
01:25:48 – Taiwan detains Super Micro workers in China chip-smuggling probe
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Frank Luntz Calls for Common Ground at America 250

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Frank Luntz, CEO of FIL Inc., says America’s 250th anniversary should be a moment for patriotism rather than political division.

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Trump Allies Push to Reshape Fed | The Pulse 7/3/2026

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President Donald Trump and his allies are renewing a push to reshape the Federal Reserve after the Supreme Court blocked an effort to fire Governor Lisa Cook.

Stocks gained as the latest bout of jitters about the sustainability of the AI-trade eased, with Europe’s benchmark holding near a record high.

Bloomberg has learned that some leading European powers now accept that ships transiting the Strait of Hormuz will have to pay fees to Iran and Oman.
The US and Gulf Arab countries continue to insist that Iran and Oman cannot impose charges of any kind for the Hormuz strait.

Today’s guests: Kokou Agbo-Bloua, SocGen CIB Global Head of Economics, Cross-Asset & Quant Research; Philippe Aghion, Nobel Prize in Economics Winner; Estelle Brachlianoff, Veolia CEO


“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse
00:00:49 – Hassett: Jobs market on an upward trajectory
00:03:17 – Trump allies push to reshape the Fed
00:06:46 – Kokou Agbo-Bloua, SocGen CIB, Head of Cross-Asset
00:15:12 – Philippe Aghion, Nobel Prize Economist
00:23:47 – Friday headlines
00:24:31 – Lescure: We must have a budget
00:27:43 – Estelle Brachlianoff, Veolia, CEO
00:35:40 – European nations now said to believe some Hormuz fees are inevitable
00:38:34 – Can Cuba’s economy survive Trump?
00:41:19 – Private credit keeps $14 billion trapped
00:44:51 – The Big Take: Putin’s Choice for $60 Billion Space Revival Uses Musk as Model
——–
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