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US Wages Economic War on Iran | Radio Balance of Power: Early Edition 8/20/2026
Bloomberg Television· 2026-08-20 19:46
>> LIVE FROM WASHINGTON DC, THIS IS BALANCE OF POWER WITH JOE MATHIEU AND KAILEY LEINZ. >> PRESIDENT TRUMP SAYS THE U.S. IS WAGING ECONOMIC WARFARE AGAINST IRAN WHILE THE TREASURY SECRETARY WAGES A WAR OF HIS OWN AGAINST HIGHER LONG-TERM RATES. WELCOME TO BALANCE OF POWER. I'M KAILEY LEINZ IN WASHINGTON WHERE THE TREASURY SECRETARY SAYS HE WILL HOLD A PRESS CONFERENCE ON MONDAY ON THE ECONOMIC LEVERS THE U.S. IS GETTING READY TO POLL TO BRING TEHRAN TO HEAL. HE ALSO SUGGEST THE BIGGER BUYBACKS THE TREASURY ...
We're Seeing a 'K-Shaped Bond Market' Says Guneet Dhingra
Bloomberg Television· 2026-08-20 19:11
I'm not surprised this has happened because we published a note yesterday saying, this is a Band-Aid, right. This is not a cure for the situation we are in. Uh, look, even if you plot the amount of buybacks relative to the amount of hyperscalers issuance in the offing, uh, look at the net supply in the offing.You need a magnifying glass to identify the impact of these buybacks. Right. And then, of course, you aren't even controlling the more critical issues of deficit, of credibility, of the fact that the I ...
US Set to Cut Tariffs on Canada Metals, Autos in Trade Deal
Bloomberg Television· 2026-08-20 19:11
It looks like those 50% tariffs, which were scheduled to go on hundreds of items. Uh, will will not. Although there's still some negotiating to be done.And there's a deadline that we're coming up against midnight tomorrow where that will be either. Either those tariffs will be further delayed or we will have a deal that, uh, sort of, uh, takes them off the table. Um, so not just your hockey equipment, but lots of other things, too.Things that, uh, uh, homebuilders and industrial manufacturers in the US, uh, ...
CIG's Rubenstein Expects Housing Rents to Keep Rising
Bloomberg Television· 2026-08-20 19:10
There's a lot of confusing data, right. Yeah. What's your read.So demand for apartments or for housing has been very, very strong over the last few years. But that's been really masked by the oversupply that we saw over those years. And so that kept rents fairly flat.And while now we started, we started to see something really shift in Q1, Q2 of 2026. And what happened is construction that was at an, uh, very high rate at the peak of 2022 was about 60% down over the last year. And so what's happening now is ...
China Says Trump Economic Warfare Won't Solve Iran Crisis
Bloomberg Television· 2026-08-20 19:09
China has responded to what President Trump announced, suggesting that it does not believe that pressure and economic sanctions are going to work. That diplomacy is what has to be pursued here. Is that China basically telling the president we're not playing along with this effort.Um, more or less, yes. I think, um, you know, that the the white House is probably trying to ratchet up pressure not just on Iran, but a little bit on China ahead of the September visit of XI Jinping. Um, it's it's been sort of de ...
ICE explores compute futures
Bloomberg Television· 2026-08-20 18:38
you're looking at creating a futures market when it comes to AI compute power. Why do you think that this is the right financial tool for lenders or these tech companies in the AI space to hedge against their costs. >> Um it's a good question.First of all, um the CFTC is going to do a a broad, you know, information uh gathering about uh that very question to see where the whole industry is, which which will be interesting. We um we are the world's uh electricity market. Um I actually started the company to ...
Trump White House Ballroom Is for 'Future Presidents'
Bloomberg Television· 2026-08-20 18:16
We also are getting tremendous military protection, drone protection. The building is drone proof. It's missile proof as much as something can be missile proof. It's totally bullet proof, any bullet, nothing can go through the windows.We have, you know, all top of the line stuff. It's very safe. And and you know, the one thing, it's not for me cuz I'm going to be here very short period of time when it's finished as if it finishes right on time, on budget, on time.I'll be there for four, five, six months. Th ...
Walmart Warning Hits Retail and Markets | Open Interest 8/20/2026
Bloomberg Television· 2026-08-20 17:35
Retail & Consumer Sector - Walmart reported a rare quarterly sales miss with growth slowing to 2.6% in the last quarter, marking its lowest rate in six years [2][3][71] - Walmart shares fell more than 7% to over 9% following the disappointing earnings report [52][68][141] - Pharmacy business dragged on Walmart due to federal drug price negotiations making drug prices lower [3] - Walmart implemented up to 11,000 price rollbacks while competitors like Target reduced prices on 10,000 items amidst aggressive retail competition [76] - US national debt topped $40 trillion for the first time, more than doubling over the past decade [25] Technology & AI Sector - Meta quietly became one of Microsoft's largest AI customers, spending hundreds of millions of dollars a year to access AI models through Microsoft's Azure cloud services [6][163] - Alibaba reported underwhelming earnings with profits plunging more than 75% as the company increases spending on AI while Chinese consumers pull back [122] Macroeconomic & Market Dynamics - US Treasury 30-year yields and bond markets faced continued pressure, remaining just a few basis points away from levels seen prior to the Treasury buyback announcement [24][87] - Brent crude oil prices climbed, trading around $93 to $94 per barrel [50][120] - Private buyers of US Treasuries, including mutual funds, foreign investors, banks, and households, now hold 70% of Treasuries compared to 30% a decade ago [20]
Trump Pushes for Kim Jong Un Meeting This Year
Bloomberg Television· 2026-08-20 17:08
President Trump is pushing aids for a meeting with North Korean leader [music] Kim Jong-un as soon as this fall. The Wall Street Journal reporting Trump is hoping to revive a diplomatic quest to convince Kim to abandon his country's [music] nuclear weapons. ...