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The US Justice Department isn’t reopening a criminal investigation into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank’s building renovation project. Attorney General Todd Blanche didn’t rule out continuing to look into the project’s oversight and potentially take action if evidence of wrongdoing came to light. Blanche commented on a report released this week by the Fed’s Office of Inspector General that found no evidence of criminal wrongdoing by Powell connected to the $2.4 billion project. The report identified a series of missteps that led to surging costs for the renovation, which had been initially budgeted at $1.3 billion in 2020. Also this weekend, President Donald Trump said he appointed Jay Clayton, his director of national intelligence, to help lead a White House task force on artificial intelligence as the fast-moving technology raises concerns about its safety risks. Clayton was the most prominent name cited by Trump in a social post announcing the creation of the group, which he said will coordinate the US government’s engagement on AI, including with consumers and the companies building it. On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with: - United States Attorney General Todd Blanche in an interview with Bloomberg News Senior National Reporter Myles Miller, on why the Justice Department is expanding investigations into alleged election crimes ahead of the midterms. - Gautam Mukunda, Bloomberg Opinion Columnist, on the White House's new AI task force and whether AI can be safely governed. - Thu-Huong Ha, Bloomberg Pursuits Senior Features Writer, on what it's like to take a trip to Singapore without a smartphone, and how the city is deeply integrated with technology. Plus, David, Christina, and Lisa Mateo share the stories they've 'Bookmarked' this week. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

President Donald Trump declared at a rally in Alabama that his economic agenda had helped attract investment and jobs in a midterm campaign pitch to a state that has long been staunchly Republican. New AP polling indicates that Americans are unhappy with how President Trump is handling the economy. Also this weekend, a fraud investigator known online as “The Profiler,” tells Bloomberg This Weekend that AI is helping scammers create increasingly convincing fake recruiters and job listings that can lead victims to surrender money and sensitive personal information. On today's show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Josh Wingrove, Bloomberg News Senior White House Correspondent, on President Trump's campaign stops and the separatist movement in Alberta. - Jay Jones, “The Profiler,” on the scam jobs populating LinkedIn and how to protect yourself from becoming a target. - Sarah Rappaport, Bloomberg Pursuits Lifestyle Writer, on the popularity of small luxury hotels with room counts in the single digits. Plus, Christina, David, and Lisa play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

Iran said it’s awaiting a definitive US response to a seven-day proposal for reopening the crucial Strait of Hormuz but won’t soften its conditions, after President Donald Trump voiced his rejection. Iranian President Masoud Pezeshkian said his country wouldn’t allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place. Also this weekend, UK Prime Minister Andy Burnham has signaled he will set out proposals to introduce new levies to pay for a reformed social care service. Speaking at the start of his party’s annual conference in Liverpool, Burnham pledged that he would begin to give more detail in the coming days, saying he would outline a comprehensive plan to voters ahead of the next general election, which has to be held before August 2029. In the interim he pledged to maintain Labour’s manifesto commitments not to increase income tax or tax on employees’ national insurance contributions. On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with: - Michelle Jamrisko, Bloomberg News White House & National Security Editor, on the latest between the US and Iran as indirect talks in New York failed to overcome disagreements over sanctions, the US blockade, and the Strait of Hormuz. - Rep. Don Beyer, (D-VA) who serves on the Ways and Means Committee and Co-Chairof AI Caucus, on the recent AI incidents that have increased the urgency for federal safeguards. - Daybreak Europe Anchor Caroline Hepker, on what to expect from UK Prime Minister Andy Burnham's first Labour Party conference as leader. - Bryan Pietsch, Bloomberg News, Washington DC Breaking News Editor, on how the Kennedy Center's closure has displaced its musicians. - David Rubenstein, The Carlyle Group, Co-Founder and Host of “The David Rubenstein Show,” on his new book "Inside the Owner's Box" For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

Donald Trump’s lavish welcome of Xi Jinping this week marked a high point for stability in a US-China relationship that’s seen a lot of lows. Now, the Chinese leader is pushing to lock in more favorable terms on Taiwan and trade while he still can. President Trump said he would meet again with Chinese leader Xi Jinping in November, following what he said was a successful summit in Washington. Also this weekend, A powerful coastal storm set to slam the Eastern Seaboard is threatening New York City with damaging winds and flooding across the five boroughs through Sunday. Up to 6 inches of rain are expected to fall in the area beginning late Friday, according to the US National Weather Service, with 50 mile-an-hour wind gusts in Manhattan. On today's show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with: - Stephen Engle, Bloomberg News Chief North Asia Correspondent, and Shannon Kingston, ABC News State Department Reporter, on the outcomes of the Trump-Xi Summit, and the latest from the United Nations General Assembly. - Bloomberg News Meteorologist Craig Allen on the predicted impact of the Nor'easter storm hitting the East Coast. - Alexandra Marvar, Writer & Photographer, on how AI is changing birding and threatening once tech-free sports. Plus, Christina, David, and Alexis Christoforous play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

Bloomberg This Weekend is live from the Qatar Economic Forum in New York City.  Qatar is setting up a dedicated platform to manage and grow its wealth fund’s domestic portfolio worth hundreds of billions of dollars, marking a radical reshaping of the gas-rich country’s sovereign investing landscape. The platform, Doha Investment, will seek to accelerate long-term value creation and boost private-sector participation in the Gulf nation’s economy, Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said. On today's show, Bloomberg This Weekend hosts Christina Ruffini and David Gura speak with: - Steven Mnuchin, Former US Treasury Secretary and Liberty Strategic Capital Founder & Managing Partner, on the long-term opportunity he sees in the Middle East. - Dr. Majed Al Ansari, Advisor to the Prime Minister of Qatar and Official Spokesperson for the Ministry of Foreign Affairs, who says mediators are exchanging proposals in an effort to restart negotiations between the US and Iran. - Qatar Airways Group CEO Hamad Ali Al-Khater, on passenger demand remaining resilient despite regional conflict and higher jet fuel costs. -  Bloomberg News State Department Reporter Eric Martin, on Marco Rubio's foreign policy role in the Trump Administration. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

Warren Buffett is stepping down as chairman of Berkshire Hathaway to be replaced by his son Howard, and will become chairman emeritus of the company. Buffett will remain a member of the board, and his son, a director of the company since 1993, will step into the top role, responsible for the company's culture and values. The move is the latest stage in the succession process at the company, following Greg Abel's replacement of Buffett as chief executive officer earlier this year. Also this weekend, New York City is hiring dozens of sophisticated sleuths to sift companies’ own data for evidence that they might be ripping off consumers. Sam Levine, commissioner of the city’s Department of Consumer and Worker Protection, is building a 36-person bureau of data scientists, technologists and economists who will extract and analyze what he describes as “billions of records” to help New York City build cases against predatory corporations and practices.  On today's show, Bloomberg This Weekend hosts Christina Ruffini, David Gura, and Lisa Mateo speak with: - Republican Governor Spencer Cox of Utah, on his new book "Off Ramp," and his call to stop the contempt that is fueling polarization and political violence. - Bloomberg News Insurance Reporter Alexandre Rajbhandari, on Warren Buffett stepping down as Berkshire Hathaway Chairman, and what to expect from Howard Buffett. - NYC Department of Consumer and Worker Protection Commissioner Sam Levine, on how his department is unrolling new programs to fight against consumer fraud. - Bloomberg Businessweek Senior Editor Dimitra Kessenides, on Bloomberg's ranking of the best business schools. Plus, Christina, David, and Lisa play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

Leaders of the world's biggest artificial intelligence platforms say it's time to slow the development pace of their most advanced models, citing escalating risks of the technology. Anthropic Chief Executive Officer Dario Amodei will implement new safety steps, including third-party evaluators, and is calling on the industry to support a broader downshift. The move to slow AI development comes as anxiety about severe risks has begun to enter the mainstream, driven by warnings from within the industry that AI poses a growing threat to national security and the global economy. Also this weekend, as drones become cheaper, faster and harder to detect, cities far from traditional battlefields are confronting the challenge of protecting civilians without creating new risks from falling debris or costly interceptions. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Sen. Chris Coons (D-DE), who urges Congress to act on AI risks. - Morgan Meaker, Bloomberg Weekend Senior Writer, on how governments are searching for defenses that can keep up with rapidly evolving drone threats. - Isabel Woodford, Journalist & Features Writer, on the therapists experimenting with AI "twins" to give patients greater access. Plus, Christina, David, and Lisa discuss the stories you might have missed this week on BTW. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

The International Atomic Energy Agency has observed construction activity at Iran's Pickaxe Mountain, a site suspected of housing nuclear-related activities. IAEA Director General Rafael Mariano Grossi said there are indications of movement around the construction site, but no concrete information on activities taking place there. The IAEA's board of governors has referred Iran's nuclear file to the UN Security Council for non-compliance with requirements related to its atomic activities. Anthropic researcher Jacob Coxon resigned this week, warning that labs are racing toward systems they may not be able to control. Evan Hubinger, who leads Anthropic’s alignment science work, said he sees a greater than 10% chance that AI causes human extinction within the next decade. The figure is clearly subjective, but it shows the depth of concern among leading safety researchers that alignment efforts will fall behind. OpenAI announced in August it is pacing progress to meet the safety standards required by new capability levels, including temporarily slowing frontier training while it strengthens alignment, monitoring and security. The faster capabilities advance, the more quickly safety work must catch up — even as some techniques behind those gains make models harder to understand and monitor. That leaves labs deciding when safety concerns justify slowing progress, even as competition pushes them to keep advancing. On today's show, Bloomberg This Weekend hosts Christina Ruffini and David Gura speak with: Ernest Moniz, Former US Energy Secretary and CEO of the EFI Foundation on Iran's nuclear program and the tight global supplies of diesel Max Tegmark, Professor Conducting AI Research at MIT and Chair of the Future of Life Institute on loss-of-control risks of AI agents Tom Orlik, Bloomberg Economics, Chief Economist on higher interest rates being the new normal Plus, Christina, David, and Lisa Mateo play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

Democratic Representative Haley Stevens said her home state of Michigan is bearing much of the economic fallout from the trade dispute with Canada. The latest round of tariffs began when the Trump administration imposed tariffs on $20 billion worth of Canadian goods after trade talks collapsed on Aug. 21. Canada responded with retaliatory tariffs on US goods set to take effect on Sept. 8, and it’s unclear whether the two countries will reopen negotiations anytime soon. Michigan’s economy relies heavily on cross-border trade and the auto industry, making it particularly vulnerable to the dispute. Canada was Michigan's largest export market in 2025 with exports totaling $23 billion, according to data from the International Trade Administration. A Gallup poll shows 71% of Americans approve of labor unions and a record 47% want them to have more influence, while 52% of Republicans also approve.  AFL-CIO President Liz Shuler says unions are organizing around wages, AI and the midterms. This comes as House Republicans investigate whether some unions improperly used member dues for political activity, allegations Shuler rejects. On today's show, Bloomberg This Weekend hosts Christina Ruffini and Jeff Mason speak with: Representative Haley Stevens (D-Michigan), on the effect of the trade war between the US and Canada on Michigan Representative Kevin Kiley (I-California), on this week's Republican Convention ahead of the midterms Liz Shuler, AFL-CIO President on the rise in labor union membership and their desire for more influence Plus, Christina, Jeff, and Lisa Mateo play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.   See omnystudio.com/listener for privacy information.

Apple Inc. is about to start the biggest run of device releases in its history, delivering a wave of fresh form factors and whole new product areas in 2026, 2027 and beyond. New Chief Executive Officer John Ternus will unveil the latest iPhones and Apple Watches at the company’s Sept. 9 “Surprise and Shine” event, which will be the beginning of the device releases. The company has been working on this pipeline for the past half-decade, and Ternus has touted plans for a dawning era of innovation, with many products in development for the coming years. Also this weekend, researchers believe that advances in AI and biologgers could enable humans to communicate with animals, but there are concerns that this technology could be used to harm animals or disrupt their social environments. The use of playback experiments, which involve broadcasting recorded animal calls to another animal, is a controversial technique that raises ethical concerns and may cause stress or disrupt the animals' social environment. On today's show, Bloomberg This Weekend hosts Christina Ruffini and Jeff Mason speak with: Woo Jin Ho, Bloomberg Intelligence Senior Hardware Analyst on Apple CEO John Ternus and his first major product event since succeeding Tim Cook Morgan Meaker, Bloomberg Weekend Senior Writer, on AI advancements that could enable humans to communicate with animals Annie Lowrey, The Atlantic Staff Writer on her book, “The Time Tax,” which examines the hidden cost of America's bureaucratic process Plus, Christina, Jeff, and Lisa Mateo discuss the stories you might have missed this week on BTW. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

Bloomberg Money is a new, weekly podcast focused on YOUR money. Listen for wealth strategies, retirement tips and a personal finance insights. Join Tom Keene and Scarlet Fu for new episodes every Friday.   Listen on Apple:  https://podcasts.apple.com/us/podcast/bloomberg-money/id6803227140     Listen on Spotify:  https://open.spotify.com/show/3lvzLLAZMdrxTB6y68Nb5g See omnystudio.com/listener for privacy information.

The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming featured Kevin Warsh’s first speech as chairman. Warsh used his keynote speech to hammer home a message that curbing inflation is the central bank’s top priority. While parts of the speech served to double down on his stated determination to avoid offering guidance to financial markets on the direction of interest rates, Warsh did finally provide some insight into how he views the economy. That helped relieve some frustration among investors and added drama to the Fed’s next policy meeting. Also this weekend, President Donald Trump announced he was moving to rename Lake Ontario as Lake America, escalating his clash with Canada after trade negotiations between the two nations collapsed. Trump said the move would take place “effective immediately” and the Interior Department had 30 days to change the name in federal databases and materials. On today's show, Bloomberg This Weekend hosts Christina Ruffini and Bailey Lipschultz speak with: - Former Trump Senior Economic adviser Stephen Moore, who says inflation remains too high for the Federal Reserve to cut interest rates. - Representative Raja Krishnamoorthi (D-Illinois), on his criticism of the administration’s trade fight with Canada. - Bloomberg News Consumer Finance Reporter Lisa Du, on clothing company Shein heading toward a Hong Kong listing at a valuation of about $26.5 billion, roughly a quarter of its 2022 peak. - Bloomberg News Biotech & Healthcare Reporter Avalon Pernell, on the drugmakers developing a new generation of hair loss treatments, including lotions, pills and longer-lasting injections, targeting a market of tens of millions of Americans. Plus, Christina, Bailey, and Lisa Mateo play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. (Correct: Corrects our reporter's remarks at :34:00-:34:35 to specify that based on current publicly available data, the new generation of hair loss drugs have not shown the same side effects as previous medications.) See omnystudio.com/listener for privacy information.

Nepal is seeking international help to cope with the aftermath of catastrophic flash floods that have left nearly 3,000 people missing along the mountainous border with China. At least 626 people have been confirmed dead while 2,426 remain unaccounted for, including hundreds of foreigners from India, Malaysia, Australia and the US. Nepal is considering convening an international donor conference to assist with reconstruction, with the government saying it needs international assistance for rehabilitation and reconstruction due to the significant scale of devastation. Also this weekend, a flood of lawsuits against social media giants claim that the companies are causing serious harm to young users by engineering their platforms to be hard to resist. Meta agreed to pay as much as $18 billion to resolve claims by state attorneys general over social media safety and privacy, and will also put new guardrails on its platforms. On today's show, Bloomberg This Weekend hosts Christina Ruffini and Bailey Lipschultz speak with: - Dan Strumpf, Bloomberg Senior Reporter, on the rescue and recovery operations in Nepal after a glacial collapse triggered catastrophic flooding. - Beeban Kidron, UK House of Lords National Security Strategy Committee Member, on the new protections for young users included in Meta's child safety settlement. - Bloomberg News Africa Senior Reporter Antony Sguazzin on the $700 cash grants transforming lives in Malawi. - Content Creator Macy Gilliam what it truly takes to make clothing from scratch. Plus, Christina, Bailey, and Nathan Hager discuss the stories you might have missed this week on BTW. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.

Fan Week at the US Open kicks off today. IBM and the US Open are expanding their use of AI to give fans real-time match insights, including personalized updates, an AI assistant and win probabilities that change after every point. The technology also gives players and coaches deeper data to analyze opponents and match strategy while helping more than 14 million digital users follow the tournament. Also this weekend, Prince Harry and his wife, Meghan, have decided to return to the UK for an extended stay starting this fall, but they won’t resume their roles as working members of the royal family, the Associated Press reported. The couple’s children, Prince Archie and Princess Lilibet, have already enrolled at British schools and will start classes in September. On today’s show, Bloomberg This Weekend hosts David Gura and Christina Ruffini speak with: - Jonathan Adashek, IBM's senior vice president and chief global affairs officer, and retired professional tennis player Sam Querrey, on IBM's partnership with the US Open and what it's like to play at the tournament. - Tom Keene, Co-anchor of Bloomberg Surveillance and Bloomberg Money, and Tony Crescenzi, Executive Vice President, Market Strategist and Generalist Portfolio Manager at PIMCO, on Treasury Secretary Scott Bessent's plan to buy back long-term US debt. - Patrick Radden Keefe, author of “London Falling,” which explores the mysterious 2019 death of 19-year-old Zac Brettler, whose parents discovered after his death that he had been posing as the son of a Russian oligarch. - Bloomberg News Reporter Tiwa Adebayo, on Prince Harry and Meghan Markle heading back to Britain after six years. Plus, Christina, David, and Alexis Christoforous discuss the stories you might have missed this week on BTW. See omnystudio.com/listener for privacy information.

President Donald Trump is betting new sanctions and economic pressure can force Tehran to accept a deal to end the war on US terms. Iran's Islamic Revolutionary Guard Corps may be impervious to such pressure and has plenty of ways to retaliate, including military strikes across the Gulf. The US economic pressure campaign is having an impact, risking one of Iran's worst ever economic crises, but it's unclear if it will lead to Iran's capitulation or further retaliation. Also this weekend, China’s humanoid robot makers now control 97% of global shipments, giving Beijing an early lead over US rivals. At the World Robot Conference in Beijing, robots sort boxes, handle laundry and bag clothes. On today's show, Bloomberg This Weekend hosts Christina Ruffini and David Gura speak with: - Former Head of MI6 Sir Richard Dearlove, on his concerns about politicization and personnel changes inside the CIA. - Bloomberg News Reporter Allen Wan at the World Robot Conference in Beijing, where Unitree declared that humanoid robots could take off commercially in just two years. - Kim Ghattas, Distinguished Fellow at Columbia University’s Institute of Global Politics, on how sanctions are targeting Iran's weakened regional network. - Nathan Grawe, Professor of Economics at Carleton College, on how US colleges are facing a shrinking student population. Plus, David, Christina, and Alexis Christoforous play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener for privacy information.