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Three Finance Ministers on Avoiding Debt Crises

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.

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Warsh Says Fed Must Act if Inflation Stays High

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.

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Affirm CEO: American Consumers Are Healthy

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.

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BMO US President: See growth beyond AI plane

BMO US President Aron Levine says they are seeing their clients work through many different scenarios when it comes to the integration of AI, but that there are signs of growth across many different sectors. He also gives his reaction to Fed Chair Kevin Warsh's speech at the Jackson Hole Symposium. He speaks to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.'

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Tariffs Could Bring Canada Auto "To Its Knees"

President Trump vowed this week to hike tariffs on Canadian cars, trucks, automotive parts, and steel to 50% at the start of next year as part of an ongoing trade war threat with the country. Linda Hasenfratz, Executive Chair of Linamar, says that after decades of free trade in automotives between he US and Canada, the implementation of such high tariffs would "cripple the industry."

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Threat of a Fed Rate Hike Is Changing the Leadership in Markets, Slimmon Says

Andrew Slimmon, managing director and head of applied equity advisors at Morgan Stanley, says he's happy with what Federal Reserve Chair Kevin Warsh said during his speech at Jackson Hole and he remains consistent. Slimmon says the threat of an interest rate hike is causing a change in leadership in stock markets. He shares more on "Bloomberg The Close."

Read more: Threat of a Fed Rate Hike Is Changing the Leadership in Markets, Slimmon Says