Bloomberg Money 8/28/2026

Watch on YouTube ↗  |  August 28, 2026 at 18:54  |  44:20  |  Bloomberg Markets
Speakers
Kenneth Rogoff — Professor of Economics, Harvard University
Nela Richardson — Chief Economist, ADP
Nikki Waller — Bloomberg Personal Finance Editor
Stacey Vanek Smith — Bloomberg Reporter
Scarlet Fu — Anchor, Bloomberg Television
Sarah Foster — Reporter, Bloomberg

Summary

Bloomberg Money covers the hawkish Fed speech from Kevin Warsh in Jackson Hole and the market reaction, then turns to personal finance themes including mortgages, trade-war tariffs, retirement, and consumer spending. Ken Rogoff discusses US debt, long-term interest rates, and staying invested in AI despite bubble risk. Nela Richardson explains wage and inflation pressures and advocates dollar cost averaging into broad ETFs.

  • Kevin Warsh's Jackson Hole speech is viewed as hawkish, with markets pricing higher September rate-hike odds.
  • Elevated mortgage rates near 6.66% are slowing the US housing market and home sales.
  • US-Canada tariff escalation is expected to raise lumber and paper costs and hit the auto industry.
  • Kenneth Rogoff warns that US debt and future shocks could push long-term Treasury yields higher.
  • Rogoff says investors should stay in AI despite a likely eventual collapse because timing is difficult.
  • ADP's Nela Richardson highlights sticky inflation and weak real wage growth but recommends disciplined dollar cost averaging.
  • The show also covers 529 accounts as a backdoor Roth IRA and rising health care cost burdens.
Ideas
Nikki Waller Bloomberg Personal Finance Editor 7:06
Elevated mortgage rates slow US housing
Elevated mortgage rates, holding near 6.66%, are having a real effect on the US housing market, which has slowed to a crawl with July home sales the slowest in six months.
ITB MED
Stacey Vanek Smith Bloomberg Reporter 8:12
Tariffs lift lumber, hit autos
The escalating US-Canada trade war with 50% tariffs will raise costs for Canadian imports such as lumber and paper, and is expected to hit the US auto industry through more expensive auto parts and cars.
CARZ MED
Stacey Vanek Smith Bloomberg Reporter 8:12
Tariffs lift lumber, hit autos
The escalating US-Canada trade war with 50% tariffs will raise costs for Canadian imports such as lumber and paper, and is expected to hit the US auto industry through more expensive auto parts and cars.
WOOD MED
Kenneth Rogoff Professor of Economics, Harvard University 16:38
War shocks push Treasury yields higher
Rogoff says the US debt level is already difficult, and a future shock such as a war, cyberwar, or China-Taiwan conflict would push up long-term interest rates; in that environment the Fed cannot just cut rates or print money if markets are pushing yields higher.
U.S. 10-year Treasury yield TLT HIGH
Kenneth Rogoff Professor of Economics, Harvard University 17:46
Stay in AI despite eventual crash
Rogoff expects a spectacular AI collapse at some point, but says that does not mean investors should take money out of AI; he compares to Greenspan/Shiller being right but too early, and says he currently sees no signs of the collapse happening soon.
Artificial Intelligence HIGH
Nela Richardson Chief Economist, ADP 31:41
Dollar cost average into broad ETFs
Richardson is a believer in dollar cost averaging: putting a fixed amount into the market every month through an ETF or broad-based equity and bond portfolio, avoiding market timing and building wealth over time.
Broad-based equity and bond ETFs HIGH
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This Bloomberg Markets video, published August 28, 2026, features Nikki Waller, Stacey Vanek Smith, Kenneth Rogoff, Nela Richardson discussing ITB, CARZ, WOOD, U.S. 10-year Treasury yield, TLT, Artificial Intelligence, Broad-based equity and bond ETFs. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Nikki Waller, Stacey Vanek Smith, Kenneth Rogoff, Nela Richardson  · Tickers: ITB, CARZ, WOOD, U.S. 10-year Treasury yield, TLT, Artificial Intelligence, Broad-based equity and bond ETFs