United States Breaking News

Ford, JPMorgan and the state of Michigan are teaming up to connect manufacturers and startups with capital, customers and government support as the US tries to rebuild supply chains that were moved overseas. Ford CEO Jim Farley says his company will commit $1 billion in purchasing to companies developing capabilities in areas including advanced manufacturing, magnets and rare earths, while JPMorgan Chase CEO Jamie Dimon says the bank will lend capital through its broader security and resiliency push. Michigan's governor Gretchen Whitmer is hopeful that the partnership will provide more opportunities for the state's workforce.

PNC Asset Management Chief Investment Officer Amanda Agati tells Bloomberg This Weekend that strong corporate fundamentals and resilient consumer spending could support US stocks as investors head into third-quarter earnings season. Speaking with hosts David Gura and Christina Ruffini, Agati says investors will be watching for evidence that AI investment is generating returns beyond the largest technology companies, while strong US earnings growth keeps her favoring domestic equities over developed international markets.

New York Handbag Designer Pierre Laborde tells Bloomberg This Weekend that a viral TikTok video transformed his handmade leather bags from a longtime fixture at a local street market into a sought-after fashion accessory, with demand now exceeding his small team's production capacity. Speaking with hosts David Gura and Christina Ruffini, Laborde says he plans to preserve the individuality and craftsmanship of his designs rather than pursue mass production or partnerships with major retailers.

Bloomberg Intelligence Senior Insurance Equity Analyst Matthew Palazola tells Bloomberg This Weekend that Hurricane Isaias could generate insured losses in the single-digit billions of dollars, with stronger Florida building codes potentially limiting damage despite rising property values. Speaking with hosts David Gura and Christina Ruffini, Palazola says two relatively mild hurricane seasons have helped insurers rebuild capital, while recent Florida insurance reforms have improved market conditions but have yet to face a major test.

Baylor College of Medicine Tropical Medicine Expert Dr. Peter Hotez tells Bloomberg This Weekend that the unexplained death of a researcher at a Russian plague institute raises questions about a possible pneumonic plague infection, although there is no evidence of a wider outbreak or biological weapons activity. Speaking with hosts David Gura and Christina Ruffini, Hotez calls for an independent World Health Organization investigation and warns that the US lacks adequate plague vaccine preparedness.

Bloomberg Economics Economic Statecraft Lead Chris Kennedy tells Bloomberg This Weekend that President Donald Trump's agreement to obtain Russian diesel is unlikely to significantly lower US fuel prices because the proposed November shipment amounts to roughly one day of American consumption. Speaking with hosts David Gura and Christina Ruffini, Kennedy says damage to Russian refineries, logistical challenges and potential legal restrictions raise questions about whether Moscow can deliver the promised fuel, while the agreement could complicate Ukraine's campaign against Russian energy infrastructure.

Banana Ball Championship League Owner Jesse Cole tells Bloomberg This Weekend that the Savannah Bananas have built a new kind of baseball experience around faster games, elaborate entertainment and affordable tickets, helping create a wait list of roughly 5 million fans. Speaking with hosts David Gura and Christina Ruffini, Cole says the league plans to keep expanding its audience in the US and internationally while maintaining its fans-first model, including $35 tickets without added fees and free game streams on YouTube.

Bloomberg Congressional Reporter Caitlin Reilly and ABC News State Department Reporter Shannon Kingston join hosts David Gura and Christina Ruffini on Bloomberg This Weekend to discuss President Donald Trump's agreement to obtain Russian diesel as rising energy costs put pressure on Republicans ahead of the midterm elections. They examine Ukraine's objections to the deal, disagreements over tariffs and the Iran war in competitive Senate races, and Secretary of State Marco Rubio's foreign policy agenda amid allegations involving the US ambassador to Greece.

Bloomberg Pursuits Food Editor Kate Krader tells Bloomberg This Weekend that diners are taking everything from silverware and glassware to artwork and bathroom fixtures, adding replacement costs for restaurants already struggling with tight profit margins. Speaking with hosts David Gura and Christina Ruffini, Krader also discusses the return of late night dining in cities including New York and London as restaurants extend their hours and customers embrace later reservations.

Technology Journalist and Author Kevin Roose tells Bloomberg This Weekend that a relatively small group of researchers and executives at OpenAI, Anthropic and Google DeepMind has driven the race toward artificial general intelligence, raising questions about who controls the technology and its potential risks. Speaking with hosts David Gura and Christina Ruffini, Roose discusses his new book, The AGI Chronicles, and the challenges of regulating increasingly capable AI systems as developers pursue technology that could surpass human intelligence.

AccuWeather Correspondent Bill Wadell joins hosts David Gura and Christina Ruffini on Bloomberg This Weekend from Pensacola Beach, Florida, where Hurricane Isaias made landfall as a Category 2 storm, bringing damaging winds, flooding and widespread power outages across the Gulf Coast. Wadell says the storm has weakened as it moves inland, but downed power lines, debris and continued flooding remain concerns as crews begin restoring electricity and assessing the damage.

Atlantic National Security Staff Writer Nancy Youssef tells Bloomberg This Weekend that President Donald Trump's agreement to import Russian diesel could provide limited relief from high fuel prices while potentially increasing Moscow's revenue as it continues its war in Ukraine. Speaking with hosts David Gura and Christina Ruffini, Youssef also discusses Pentagon planning for possible new strikes against Iran and the challenges facing indirect negotiations over the Strait of Hormuz and a potential ceasefire.