Bloomberg News and Videos — Page 208

Rising oil prices are accelerating a supply glut in the Western Hemisphere, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone argues that growing production and improving technology could drive WTI crude down to $40 a barrel. McGlone explains to David Gura and Christina Ruffini on Bloomberg This Weekend that gas prices are likely to be lower by the midterm elections, but warns that such declines have often coincided with weakness in the stock market.

While the Iran ceasefire remains intact despite recent exchanges of fire, Former Deputy National Security Advisor Ben Rhodes warned it could unravel if tit-for-tat strikes escalate or hardliners on either side gain the upper hand. He argued to hosts of Bloomberg This Weekend David Gura and Christina Ruffini that President Donald Trump's public threats and rhetoric risk undermining negotiations by strengthening Iranian hardliners and making it harder for negotiators to secure a nuclear agreement.

Unlike autos or agriculture, North America's energy trade does not function as a single, integrated three-country system. Instead, it operates through two powerful bilateral relationships: Canadian oil flowing south into US refineries and American natural gas powering Mexico's economy. Howard Energy Partners CEO Mike Howard says roughly 70% of Mexico's energy comes from the United States, while former Canada Energy Regulator CEO Gitane De Silva notes that about 60% of US oil imports originate in Canada. As USMCA negotiations approach, energy executives, regulators, and policy experts largely agree on one thing: the current arrangement works remarkably well, and the best outcome may be to leave it largely untouched.

The ongoing conflict involving Iran has indirectly benefited Panama as more ships seeking alternative routes to transport commodities globally, following disruptions in the Strait of Hormuz. Former vice foreign minister of Panama and senior adviser at the Center for Strategic Studies Carlos Ruiz-Hernandez joins Bloomberg This Weekend and explains to hosts David Gura and Christina Ruffini how the Panama Canal Authority is proactively managing the surge by anticipating risks and preparing to handle near-capacity traffic.

David Gura, Christina Ruffini, and Lisa Mateo of "Bloomberg This Weekend" play Pointed! Wager your points, leverage your bets and answer wisely. A new quiz is available to play each week on Bloomberg.com

There is a growing prevalence of AI-generated deepfake political advertisements in the current midterm election cycle, including a deepfake resembling Billie Eilish, and a Texas Senate race ad showing a deepfake of Democrat James Talarico singing about transgender children. Bloomberg News corporate lobbying and influence reporter Emily Birnbaum discusses with hosts of Bloomberg This Weekend David Gura and Christina Ruffini the broader implications for election integrity, especially as the AI industry commits significant funding toward midterm elections.

Senator Alan Armstrong (R-Oklahoma) joins David Gura and Christina Ruffini on Bloomberg This Weekend and says permitting reform not additional federal spending is the most effective way to lower housing and energy costs, arguing regulatory delays have created infrastructure bottlenecks that drive up prices for consumers.

For many American farmers, Canada and Mexico have become indispensable export markets at a time when trade disputes, weak commodity prices, and rising costs are already straining the agricultural economy. Iowa farmer Stu Swanson says many producers are operating on dwindling hope as financial pressures mount. CoBank CEO Tom Halverson argues that trade deals have helped US exports to Canada and Mexico grow roughly 600% since NAFTA's creation. As negotiations begin, farmers are less focused on expanding the agreement than on preserving certainty and avoiding new disruptions that could further weaken an already fragile farm economy.

Americans are increasing spending on their pets beyond traditional preventative care, with the US pet market projected to grow from approximately $150 billion today to over $250 billion in the next decade. Bloomberg Intelligence consumer staples analyst Diana Rosero-Pena joins Bloomberg This Weekend with David Gura, Christina Ruffini, and special dog correspondent Brutus to provide insights into the future of pet retail.

Bloomberg News Andean Bureau Reporter Andreina Itriago is on Bloomberg This Weekend explaining concerns that the official casualty figures in Venezuela after the earthquake are likely underreported, with many more deaths expected as rescue efforts continue and bodies are recovered. Itriago explains to hosts David Gura and Christina Ruffini that the government's capacity to conduct search and rescue operations is described as very limited, with much of the initial response carried out by local citizens rather than state forces.