Bloomberg

President Trump wants to build a "Golden Fleet" for the US Navy as China expands its own naval power, but turning that ambition into ships will take more than money. Huntington Ingalls Industries CEO Christopher Kastner says predictable orders and timely funding are paramount, while retired Admiral Mike Mullen says the key is avoiding shifting designs and building a fleet flexible enough for a future shaped by drones, missiles and unmanned vessels.

Bloomberg News Senior White House Correspondent Josh Wingrove joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss how the Trump administration is keeping its strategy toward Iran deliberately ambiguous, leaving military escalation on the table while offering little indication of when diplomacy might resume. Wingrove also turns to domestic politics, where President Trump has publicly endorsed Darline Graham, the sister of the late Lindsey Graham, to run for a full Senate term in the November election.

US pressure on Iran and disruptions in the Strait of Hormuz are reshaping global energy markets and forcing businesses to reassess supply chain risks. At the Aspen Security Forum, Bloomberg News' David Gura spoke with experts who say markets have remained resilient thanks to strategic petroleum reserves, alternative export routes and lower Chinese oil demand, but warned those buffers are diminishing, leaving the global economy more vulnerable if tensions escalate. Watch Former US Ambassador to China Nicholas Burns, Belfer Center for Science and International Affairs Director Meghan O'Sullivan, and partner at Oliver Wyman's Risk and Public Policy Practice Daniel Tannebaum discuss the Strait of Hormuz, on Bloomberg This Weekend.

Despite President Donald Trump's assertions that the US is prevailing, tit-for-tat strikes continue between the US and Iran. Bloomberg News Diplomacy & National Security Correspondent Courtney McBride and Bloomberg News Senior White House Correspondent Josh Wingrove join David Gura and Christina Ruffini on Bloomberg This Weekend and explain how officials are weighing the limits of military resources, munitions stockpiles and the prospects for a negotiated resolution.

Former Cleveland Fed President Loretta Mester says inflation remains a problem even after the latest CPI report came in cooler than expected, with price growth still above the Federal Reserve's 2% goal and services inflation still elevated. She says the Fed should keep the option of higher rates on the table if policy proves too loose, while broader pressures from AI investment, geopolitical shocks and changes under Fed Chair Kevin Warsh could mean more volatility and higher nominal rates.

At the 2026 World Artificial Intelligence Conference China's Moonshot AI unveiled its Kimi K3 model, intensifying concerns that Chinese developers are rapidly narrowing the AI gap with US rivals while offering lower cost. Bloomberg News China Correspondent Minmin Low and Bloomberg News Technology and Strategic Industries Senior Editor Mike Shepard join Bloomberg This Weekend and discuss how more open models are forcing investors to reassess massive spending on AI infrastructure.

Brad Sims, CEO of New York City FC, discussed the significant impact of the FIFA World Cup final being held at MetLife Stadium on the growth of soccer fandom in the United States, particularly in New York. He highlighted that New York has long been a soccer city, and the World Cup has united fans and attracted many new followers to the sport. He speaks with Romaine Bostick on "The Close."

The upcoming World Cup final is anticipated to provide a moderate boost to US sports betting operators in the third quarter, particularly if underdog Argentina defeats Spain. Adam Greenblatt, CEO of BetMGM, discussed the potential impact on major sportsbooks such as DraftKings, FanDuel, and BetMGM itself. Bloomberg Intelligence's analysis highlights the increased betting activity driven by the high-profile match, with the defending champion Lionel Messi's participation further fueling interest among bettors. He speaks with Katie Greifeld & Randall Williams on "The Close."

Andrés Cantor, Telemundo's Play-by-Play Announcer, shared insights from his extensive experience covering the World Cup, marking his tenth tournament calling matches and eleventh as a reporter. Cantor described his preparation routine for such a major event, including managing vocal strain from previous matches. Reflecting on the evolution of soccer fandom in the United States, he contrasted the 1994 World Cup, when soccer was still a novelty, with the current tournament, which has seen record attendance and a highly knowledgeable fan base. He speaks with Katie Greifeld & Randall Williams on "The Close."

Global Citizen CEO Hugh Evans discussed the unprecedented FIFA World Cup halftime show, curated by Chris Martin of Coldplay, featuring a diverse lineup including BTS, Justin Bieber, Madonna, Shakira, Burna Boy, the PS22 choir, Gustavo Dudamel with the New York Philharmonic, and the Simon Bolivar Orchestra. This event, representing every continent except Antarctica, centers on the theme of unity and love. The halftime show aims to raise over $100 million for the FIFA Global Citizen Education Fund, which supports grassroots literacy programs worldwide. He speaks with Romaine Bostick on "The Close."