Victories by Democratic Socialist candidates are intensifying debate over the Democratic Party’s ideological direction, as Dem leaders seek to balance a broader coalition while avoiding internal divisions ahead of the midterm elections. Joining Bloomberg This Weekend for this discussion are Bloomberg News White House Correspondent Jeff Mason, Bloomberg Opinion Columnist Gautam Mukunda, and Politico Reporter Madison Fernandez who explain that Republicans are moving quickly to use the rise of democratic socialism as a political line of attack, creating a new messaging challenge for Democrats.
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President Donald Trump reported earning at least $1.4 billion in 2025 from crypto and memecoin-related businesses, according to his latest annual financial disclosure. Kailey Leinz and Romaine Bostick break it down bloom.bg/4bkZ6Zk

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In the China tech space, Baidu is now a full-stack player in the AI industry. As the maker of its own chips, AI model (Ernie), cloud system and a self-driving car business (Apollo Go), the tech giant is a very desirable company to work for.

On this episode of the Odd Lots podcast, Baidu CFO Henry He joins Joe Weisenthal and Tracy Alloway to discuss how the company uses AI to evolve its own organizational structure and attract new talent.
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Today’s global market update covers the biggest developments shaping financial markets, geopolitics, artificial intelligence, and energy. U.S. job growth slowed sharply in June, raising fresh questions about the Federal Reserve’s next move on interest rates. Iran’s floating oil storage continues to grow after the US reportedly granted a 60-day window for Tehran to sell its oil, while Saudi Arabia’s crude exports have recovered to 90% of their pre-war levels. Meanwhile, Europe is increasingly preparing for the possibility of higher shipping costs through the Strait of Hormuz.
In technology, Anthropic is reportedly in talks with Samsung to develop custom AI chips, SoftBank has unveiled plans to introduce AI-powered computers in the United States, and semiconductor stocks are off to a weak start, BDCS imposing distribution caps for a second consecutive quarter and Yen traders are closely watching for potential intervention by Japanese Government.
Elsewhere, the Ebola outbreak in Congo could cost the economy more than $1 billion and push nearly 1 million more people into poverty, according to the United Nations. JPMorgan joins $7 billion financing package to support infrastructure and airport projects in Syria, alongside the latest moves across global markets. Guests Include Rajeev Sibal, Morgan Stanley Senior Global Economist; Richard Windsor, Radio Free Mobile Founder. Stay informed with the latest updates on the stock market, oil prices, AI, geopolitics, central banks, and the world’s biggest financial stories.

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

Chapters:
00:00:00 – Introduction
00:05:23 – Rajeev Sibal, Morgan Stanley Senior Global Economist
00:11:40 – Iran’s Floating Oil Hoard Swells
00:17:53 – Europe Now Believes Hormuz Fees Inevitable
00:29:01 – Yen Traders Brace for Potential Intervention
00:33:01 – Richard Windsor, Radio Free Mobile Founder Ebola Toll on Congo Economy May Exceed $1B
00:42:57 – JPMorgan Joins $7B Loan for Syria Projects
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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Republican Congressman Mike Flood of Nebraska says he has an “open mind” to adding ethics provisions to crypto market-structure legislation, including limits on executives or family members operating in the space. Michael Cadenazzi, Assistant Secretary of Defense for Industrial Base Policy, says the U.S. defense industrial base has suffered from decades of insufficient attention to capacity, leaving the country with bottlenecks, single-source risks and dependence on foreign suppliers. Richard Painter, former chief White House ethics lawyer under President George W. Bush, says President Donald Trump’s crypto ventures could violate the Constitution’s foreign emoluments clause if foreign government money is involved, and calls his holdings a “clear conflict of interest” as his administration regulates the industry.

Chapters:

00:01:39 Bloomberg’s Alicia Diaz on US Decides Against Renewing USMCA, Shifts to Rolling Talks
00:04:02 Representative Mike Flood (R-NE) on US Decides Against Renewing USMCA
00:05:09 Rep. Mike Flood (R-NE) on House Departs Washington for Recess as GOP Fights Stall Agenda
00:07:06 Rep. Mike Flood (R-NE) on Clarity Act Stalls in the Senate After Passing in the House
00:09:52 Rep. Mike Flood (R-NE) on Trump Holds Housing Bill in Limbo Over SAVE Act
00:15:51 Power Moves: Top Financial Moves
00:18:52 Michael Cadenazzi, Assistant Secretary of Defense for Industrial Base Policy, on US Sees NATO With Benefits for Countries That Spend More on Arms
00:20:27 Michael Cadenazzi on White House Invokes Defense Production Act Authority Around Munitions Bottlenecks
00:24:48 Bloomberg’s Jeff Mason on Trump Crypto Profits Pose Risk to Clarity Act
00:27:49 Richard Painter, Former Chief White House Ethics Lawyer, on Trump Reports at Least $1.4B in 2025 Crypto Earnings
00:29:49 Richard Painter on Trump Outearned Biggest Listed US Crypto Firms in 2025
00:34:35 Richard Painter on Trump Takes First Flight on New Presidential Plane Gifted by Qatari Government
00:38:10 Political Panel Reacts: Colorado Dem Primary, SCOTUS Voids Political-Party Spending Caps, Tight Races in Battle Ground States Poll, SAVE Act
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