Treasury Secretary Scott Bessent refrained from any further signals on revamping US debt management on Monday, following a report that his department could draw down some of its cash pile to fund buybacks of higher-yielding older securities. Bloomberg's Garfield Reynolds discusses. (Source: Bloomberg)

Gold traded near a three-month high, as traders weighed the US Treasury’s next move in the bond market after the surprise intervention that’s revived concerns around fiscal policy.

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Rep. Jake Auchincloss (D-MA) says he will not vote “for a single dollar” to fund what he calls a failed and illegal war, arguing Congress must prevent it from becoming a “forever war.” Stephen Moore, former Trump economic advisor, says China is key to the success of the Trump administration's secondary sanctions targeting countries that continue to do business with Iran. Rob Bonta, A...

UK Prime Minister Andy Burnham said he and other European leaders plan to travel to the US next month to lobby President Donald Trump to let Ukraine access some of its Patriot air defense missile stocks ahead of the winter.

This US midterm election season is on track to be the most expensive on record. Federal PACs have already brought in $4.7 billion. But in some races, big spending is backfiring.

Asian stocks were set for broad declines Tuesday after a tech-led selloff on Wall Street outweighed a drop in oil, as traders weighed Treasury Secretary Scott Bessent’s plan to isolate Iran from the global economy.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Principal Asset Management CEO & President Kamal Bhatia, Tether Co-Founder Bill Quigley, Goldman Sachs Research US Software Equity Research Analyst Gabriela Borges, Bilt CEO Ankur Jain & Equinox Group Executive Chairman Harvey Spevak, GenTrust Head of NY Office, Senior Client Advisor Mimi Duff, Apollo Chief Economist Tor...

Donald Trump's family has won preliminary approval to start a national bank, riding a wave of deregulation under the Trump administration. For the president’s family, the goal is to expand the use of USD1, their dollar-backed stablecoin, World Liberty Financial said earlier this month after receiving conditional approval. Bloomberg News Financial Reporter Paige Smith has the details of the move for today's Big Take. (Source: Bloomberg)

The segment features a discussion with Ankur Jain, CEO of BILT, and Harvey Spevak, Equinox Group Executive Chairman, about the newly launched exclusive partnership between Bilt, a membership and hospitality platform, and Equinox, a luxury fitness brand. The collaboration aims to connect the audiences of both brands by allowing Bilt members to redeem Bilt cash for credits that can be used toward Equinox experiences. The two speak with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bl...

Bill Quigley, Co-Founder of Tether and Wax, explains that Bitcoin is increasingly behaving like a gold hedge against U.S. government inflation, with its correlation to gold rising to 0.71. This shift has contributed to Bitcoin's 35% increase since June lows. He speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)

US Treasury Secretary Scott Bessent did not give any more hints about how his department might fund buybacks of higher-yielding older securities. “We haven’t bought a single bond yet,” Bessent said when asked in a press conference Monday about whether he's going to increase the buybacks. (Source: Bloomberg)

Apollo Chief Economist Torsten Slok comments on the economic impact of the the US Treasury's strategic debt buyback operations. Speaking on "Bloomberg The Close," Slok also discusses the outlook for Federal Reserve monetary policy. (Source: Bloomberg)

Is the president’s power over voters waning in this midterm election year?

With the US now $40 trillion in the red, the US Treasury’s sudden move to rein in bond yields has cast a spotlight on who is, and isn’t, purchasing American debt these days. (Source: Bloomberg)

Asian refiners are on course to nearly double their purchases of US crude for September from a month earlier, a move that stands to squeeze domestic fuel makers at a time when Americans are already facing record high pump prices.

TerraPower CEO Chris Levesque said that hyperscalers are driving demand for nuclear power companies, as his company is set to announce a deal with a data center customer for a new nuclear power plant this year. Levesque, who was joined by Bloomberg News energy reporter Will Wade, also said that TerraPower is aiming to get construction time and consumer costs lower so that nuclear can become a larger energy source for the US. (Source: Bloomberg)

Bloomberg's Melissa Shin said that negotiators in both Canada and the United States understand how important the auto sector is both countries as President Trump vowed to double existing tariffs on the Canadian auto industry. Shin said that the broader tariffs stand to impact an estimated 90,000 jobs and disproportionately small businesses that may not see as much government support. (Source: Bloomberg)

Bryon Lake, chief transformation officer and global head of third party wealth at Goldman Sachs Asset Management, and Troy Cates, co-founder of Neos Investments, join Scarlet Fu and Eric Balchunas on "ETF IQ." They discuss how Neos is innovating in the ETF space. (Source: Bloomberg)

Bryon Lake, chief transformation officer and global head of third party wealth at Goldman Sachs Asset Management, and Troy Cates, co-founder of Neos Investments, join Scarlet Fu and Eric Balchunas on "ETF IQ." Goldman Sachs Asset Management will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager’s reach in the actively managed exchange-traded fund market.  (Source: Bloomberg)

US manufacturing is getting a boost from growing demand across defense, aerospace and drones. Protolabs is tapping into that demand, using digital manufacturing to produce custom parts in as little as a day. CEO Suresh Krishna discusses the opportunity on Bloomberg Open Interest. (Source: Bloomberg)

Canada’s government on Tuesday will announce a range of measures to “protect and support” its workers and businesses in response to 50% US tariffs which were applied to about $20 billion of its annual exports on Saturday.

Russian President Vladimir Putin said he aims to meet with Indian Prime Minister Narendra Modi at a regional forum next week, while calling for stepped-up trade cooperation between the two nations.

Sammons Financial Group reiterated to lenders that it has some distance from Mark Walter’s Guggenheim Partners, after a report last week focusing on the longstanding ties between the firms hit the value of the life insurer’s bonds.

US-Canada trade talks collapsed after last-minute pressure from Commerce Secretary Howard Lutnick, according to people familiar with the matter, leaving President Donald Trump to impose new tariffs and Canadian Prime Minister Mark Carney vowing retaliation.

Rep. Jake Auchincloss (D-MA) says he will not vote “for a single dollar” to fund what he calls a failed and illegal war, arguing Congress must prevent it from becoming a “forever war.” Auchincloss says the Trump administration’s actions show it is trying to find an exit from a war it has lost, despite its rhetoric about an “economic D-Day” against Iran. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's Balance of Power. (Source: Bloomberg)

Oil held a decline as the US ramped up economic pressure on Iran and its trading partners in a bid to force the resumption of energy flows through the Strait of Hormuz.

New Zealand’s insurance industry is failing to consistently meet the needs of Māori, with affordability barriers and difficulties insuring collectively owned land leaving them less likely to have cover, according to a study by the market watchdog.

Ed Morse, Senior Advisor and Commodities Analyst, discusses the recent fall in Brent crude oil prices. The decline is attributed to market attention on the potential impact of Iran sanctions, which are influencing supply expectations and investor sentiment in the commodities market. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

The US Supreme Court sided with President Donald Trump over his plan to use the Postal Service to impose new restrictions on the distribution of mail ballots. Kate Sullivan reports on "Balance of Power." (Source: Bloomberg)

Oura Health Oy, a maker of smart rings that track health, fitness and sleep, and some of its backers are seeking to raise as much as $3 billion in a US IPO, according to people familiar with the matter.

The US Supreme Court sided with President Donald Trump for now over his plan to use the Postal Service to impose broad new restrictions on the distribution of mail ballots.

Anne Walsh, chief investment officer of Guggenheim Partners, says the asset management firm is fully cooperating with regulators as they investigate an accounting issue at one of its subsidiaries. US prosecutors are looking at Mark Walter's investment empire and his relationship with Guggenheim. Walsh says Guggenheim's investment or trade-allocation processes are not part of the probe. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Norah Mulinda and Tim Stenovec. (Source: Bloomberg)

A federal judge rejected the bankruptcy-payout plan of defunct auto-parts maker First Brands, concluding the proposal to raise money by suing a long list of insiders and business partners was not realistic.

The dollar rallied Monday as Treasury Secretary Scott Bessent said the US will cut Iran off from the global financial system, underscoring the greenback’s central role in trade and boosting its haven appeal.

Bloomberg Intelligence's Athanasios Psarofagis joins Scarlet Fu and Eric Balchunas on "ETF IQ." They discuss how Volatility Shares and Roundhill have filed for 32 ETFs based on each of the 32 teams in the NHL. Each fund will obtain exposure through CME futures tracking a team-specific FutureSports Performance Index. This index will be built from 55 measures -- including wins, losses, goals and other official stats. (Source: Bloomberg)

Frances Newton, CIO of Tuttle Capital Management, joins Scarlet Fu and Eric Balchunas on "ETF IQ." They discuss a report that the US Treasury could draw down some of its cash pile to fund buybacks of higher-yielding older securities in a bid to tackle rising borrowing costs. (Source: Bloomberg)

"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Byron Lake, Goldman Sachs Asset Management Global Co-Head of Third-Party Wealth, Troy Cates, NEOS Co-Founder, Frances Newton, Tuttle Capital Management CIO, Carlos Pena, Texas Capital Head of ETF and Funds Management, and Nick Samouilhan, Wellington Portfolio Manager. (Source: Bloomberg)

Vali Nasr, professor of international affairs & Middle East studies at Johns Hopkins University, said that he sees the declaration of new sanctions on Iran and its allies as a 'theatrical declaration' and less of a concrete move by the United States. Nasr said that the pressure on Iran's allies could potentially invite Chinese retaliation, which would widen the war 'out of the gulf and into the financial markets.' (Source: Bloomberg)

Bloomberg's Josh Wingrove breaks down the dissolution of US-Canada trade talks as Canadian leaders signal they do not expect a trade deal to take shape before the 2026 midterm elections. (Source: Bloomberg)

Treasury Secretary Scott Bessent’s threat to unleash an “economic D-Day” against Iran risks setting the US on a collision course with China, its main trading partner.

Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is in talks to raise as much as $3 billion in a round that could tee it up to go public next year, according to people familiar with the efforts.

The trade war between the US and Canada erupted into an extraordinary exchange of insults and threats between President Donald Trump and Doug Ford, the leader of Ontario.

Stephen Moore, former Trump economic advisor, says China is key to the success of the Trump administration's secondary sanctions targeting countries that continue to do business with Iran. Moore also says he is “not a fan” of the escalating tariffs between the US and Canada, warning that higher input prices could make things more expensive at home. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's Balance of Power. (Source: Bloomberg)

Treasury Secretary Scott Bessent delivered remarks to kick off the week, announcing a plan to to sever Iran from the global economy and threatening all nations to cut ties with Iran. A panel of Bloomberg experts -- Chief US Interest Rate Strategist Ira Jersey, Economics & Policy Correspondent Mike McKee, and Senior National Political Correspondent Nancy Cook -- react to Bessent's remarks, including the plan for bond buybacks next month. Then, TerraPower CEO Chris Levesque, discusses his compa...

California Attorney General Rob Bonta discusses why he canceled talks with Paramount over the company’s merger with Warner Bros. Discovery. Speaking on "Balance of Power: Evening Edition," Bonta also comments on the US Supreme Court siding with President Donald Trump over his plan to use the Postal Service to impose new restrictions on the distribution of mail ballots and Meta Platforms being sued by a bipartisan coalition of states on allegations of deceiving the public. (Source: Bloomberg)

Ed Al-Hussainy, Portfolio Manager at Columbia Threadneedle Investments, discusses the relative stability of the U.S. dollar against developed market currencies, while highlighting the strength of emerging market currencies fueled by carry trades supported by higher real yields in countries like Brazil, Mexico, Colombia, and South Africa. Despite strong U.S. economic fundamentals, including low unemployment and steady growth, the dollar has underperformed, partly due to the Federal Reserve's s...

Steven Wang, Founder & CEO of Dub, launched the copy trading platform 3 years ago after dropping out of Harvard to become an entrepreneur. He says the app offers a unique alternative to sports betting, and fresh opportunities for the increasing number of young Americans who say they are now investing their money to grow try and grow their wealth. Wang says Dub is for great traders who "don't need to go the traditional sort of boys club and Wall Street path to really become the next superstar....

Ontario Premier Doug Ford says standing up to President Donald Trump in this trade war won't be easy. Ford says Canada must be willing to escalate this trade war and every option should be on the table. (Source: Bloomberg)

On the early edition of Balance of Power, Bloomberg Washington correspondents Joe Mathieu and Kailey Leinz discuss the latest from the Trump administration. On today's show, they speak with Joe Lavorgna, Chief Economist of SMBC Americas/Former-Counselor to Secretary Scott Bessent at the US Treasury Department, Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Polit...

Aggreko Plc filed for a US initial public offering, revealing the private equity-backed power equipment rental company turned profitable as revenue increased.

The Trump administration is seeking investment pitches from domestic producers of metals used in fighter jets, night-vision goggles and tank armor.

Bloomberg's Scarlet Fu puts Isabelle Lee, Athanasios Psarofagis, and Eric Balchunas to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test." (Source: Bloomberg)

Nick Samouilhan, portfolio manager at Wellington Management, joins Scarlet Fu and Eric Balchunas on "ETF IQ." Blackstone teamed up with Wellington Management and Vanguard Group to create two new funds that will give individual investors access to private assets. (Source: Bloomberg)

Carlos Peña, head of ETF & funds management at Texas Capital, joins Scarlet Fu and Eric Balchunas on "ETF IQ." The Texas Stock Exchange notched its first primary listings as two small ETFs focused on the state’s economy announced plans to transfer to the upstart marketplace. The two ETFs are Texas Capital Texas Index ETF (ticker: TXS) and Texas Capital Texas Oil Index ETF (ticker: OILT). (Source: Bloomberg)

A federal court struck down the Trump administration’s attempt to put a $100,000 fee on visas for some highly-skilled foreign workers in June. Now the administration is trying again — this time through a regulatory process that proposes a broader levy to help finance its wide-ranging immigration crackdown.

Colombian President Abelardo de la Espriella vowed to start deporting undocumented migrants as part of a broader security crackdown, a policy that could affect hundreds of thousands of Venezuelans living in the country without regular status.

Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of what he called an “economic D-Day” campaign to isolate the country and end nearly six months of war. Tyler Kendall explains (Source: Bloomberg)

Treasury Secretary Scott Bessent’s promised deficit reduction plan due in the coming days will plow headlong into a stark reality: there is no sign the Republican-controlled Congress is going to make any net budget cuts this year.

Agriculture Secretary Brooke Rollins said the US will reopen two additional ports to cattle shipments from Mexico in 30-day increments after imports restarted at an Arizona port.