Content creator Macy Gilliam spent 90-hours over four months and about $2,000 making a sweater from scratch, starting with wool from a sheep at New York City's Queens County Farm Museum. Gilliam joins Christina Ruffini on Bloomberg This Weekend where she explains that the project gave her a new appreciation for the labor behind clothing and raised questions about transparency, quality and ethics across fashion's complex supply chains.
Federal Reserve Chair Kevin Warsh's first Jackson Hole speech gave central bankers and investors greater clarity on how he views the economy and the Fed's path ahead, though questions remain about the timing and number of potential rate hikes. Bloomberg Odd Lots co-host Joe Weisenthal is on Bloomberg This Weekend to discuss the annual gathering, where monetary policy debates mix with informal conversations among some of the world's most influential central bankers.
David Bianco of DWS says long-term Treasury yields and real rates have climbed to some of their highest levels in nearly 25 years, but he argues inflation is not the main driver. The bigger issues are structural: US deficits above 6% of GDP, a rising total debt-to-GDP ratio, and the need to fund more borrowing domestically as foreign demand becomes less reliable. The US still benefits from the dollar's safe-haven status, but Robin Brooks of the Brookings Institution and former Dutch Finance Minister Sigrid Kaag warn that America's fiscal path remains dangerous even if its "exorbitant privilege" gives policymakers more time before markets force discipline.
Russia is intensifying missile and drone attacks on Ukraine as Kyiv faces shortages of Patriot interceptors, raising concerns about its ability to defend against ballistic missiles heading into winter. Joining Bloomberg This Weekend are Bloomberg Economics Geoeconomics Analyst Alex Kokcharov and Bloomberg Intelligence Senior Defense Analyst Col. Wayne Sanders who discuss Russia's hybrid attacks against NATO members and the challenge of building cheaper defenses against increasingly sophisticated drone warfare.
The nonprofit GiveDirectly, with a large backing from Canva, is providing eligible adults in two Malawi districts with about $700 each, roughly equivalent to the country's annual income per person, with virtually no restrictions on how the money is spent. Bloomberg News Senior Africa Reporter Antony Sguazzin joins Christina Ruffini and Bailey Lipschultz on Bloomberg This Weekend and reports recipients are investing in businesses, livestock and home improvements, offering a test of whether large-scale direct cash transfers can provide a more efficient model for development aid.
Meta's child safety settlement includes new protections for young users and is increasing pressure on other social media platforms to adopt similar safeguards. UK House of Lords National Security Strategy Committee member and Online Safety Activist Baroness Beeban Kidron is on Bloomberg This Weekend and says the bigger impact may come from forcing technology companies to take greater responsibility for product design and age verification, rather than relying on children and parents to protect themselves.
Rescue and recovery operations are continuing in Nepal after a glacial collapse triggered catastrophic flooding near the border with China, killing more than 600 people and leaving thousands missing. Bloomberg News Senior Reporter Dan Strumpf joins Christina Ruffini and Bailey Lipschultz on Bloomberg This Weekend and reports that destroyed roads and bridges are complicating efforts to reach isolated communities as Nepal seeks specialized international assistance for tunnel rescues, victim identification and recovery.
Six months into the US conflict with Iran, oil flows from the Persian Gulf have recovered to about 40% of prewar levels, but risks remain as the Strait of Hormuz stays constrained and the Navy faces mounting pressure on personnel, equipment and finances. Bloomberg News Economic Statecraft Lead Chris Kennedy and Bloomberg News Defense Reporter Jen Judson join hosts Christina Ruffini and Bailey Lipschultz on Bloomberg This Weekend and discuss the strain on US military readiness and why a new US deal involving Venezuelan oil fields is unlikely to deliver a significant near-term boost to global supply.
US public debt just crossed $40 trillion, but the country is hardly the only one facing fiscal troubles. Nations around the world took on record debt during Covid, and many have struggled to bring spending back under control. Chrystia Freeland, who faced this problem herself as Canada's Finance Minister, speaks with former Dutch Finance Minister Sigrid Kaag and former German Finance Minister Christian Lindner about why fiscal discipline is so politically difficult and what the rest of the world can learn before markets force the issue.
Federal Reserve Chair Kevin Warsh signaled the central bank is prepared to act if inflation fails to move clearly and quickly toward its 2% target, while describing the broader US economy as strong. On Bloomberg This Weekend Schwab Center Head of Macro Research & Strategy Kevin Gordon and Allsprings Global Investments Head of Equity Investments Ann Miletti say the remarks provided greater clarity on the Fed's approach, with upcoming inflation data likely to be critical to whether policymakers raise rates in September.
Affirm CEO Max Levchin joins Bloomberg Businessweek Daily to discuss the company's recent earnings report, including an upbeat revenue outlook as the short-term loan company sees its most profitable quarter on record. Levchin also discusses recent partnerships, e-commerce growth, and the state of the consumer, saying Affirm customers are "healthy, paying us back on time, and shopping." He speaks with Tim Stenovec and Lisa Mateo.
SentinelOne co-founder, chairman and CEO Tomer Weingarten discusses earnings and AI Cybersecurity in an interview with Romaine Bostick and Emily Graffeo on "The Close."
