Bloomberg This Weekend | Deadly Strikes in Ukraine, ‘Historic’ Oil Deal, High-end Hybrids

Watch on YouTube ↗  |  August 29, 2026 at 16:26  |  2:25:26  |  Bloomberg Markets
Speakers
Ann Miletti — Head of Equity Investments, Allspring Global Investments
Kevin Gordon — Head of Macro Research and Strategy, Schwab
Chris Kennedy — Economic Statecraft Lead, Bloomberg Economics
Jenny Johnson — President and CEO of Franklin Templeton
Wayne Sanders — Senior Defense Research Analyst, Bloomberg Intelligence
Hannah Elliott — Automotive Reporter, Bloomberg
Michael McKee — International Economics & Policy Correspondent, Bloomberg
Beeban Kidron — UK House of Lords National Security Strategy Committee Member and Online Safety Activist
Derek Decloet — Bloomberg Reporter
Alex Kokcharov — Geoeconomics Analyst, Bloomberg Economics

Summary

The show covers Fed Chair Kevin Warsh's Jackson Hole speech and renewed September rate-hike risks, with guests discussing equity allocation into industrials, small/mid-caps and emerging markets. It also examines Iran war oil-market risks, the U.S.-Venezuela oil deal, U.S.-Canada trade tensions, Meta's child safety settlement, and the luxury hybrid car boom.

  • Warsh's Jackson Hole speech reaffirmed the 2% inflation target and kept a September Fed rate hike live.
  • Kevin Gordon and Ann Miletti discussed equity opportunities in industrials, small/mid-caps, emerging markets, and AI efficiency beneficiaries.
  • Oil flows through the Strait of Hormuz remain well below prewar levels, supporting oil and refined fuel prices.
  • The U.S.-Venezuela oil deal faces long timelines and political uncertainty, making Venezuelan oil investment unattractive.
  • Defense analysts highlighted Patriot missile shortages and scaling of cheaper counter-drone systems.
  • U.S.-Canada trade tensions are expected to cause economic pain in Canadian exporting and auto sectors.
  • Meta's child safety settlement raised product-liability and redesign concerns for the platform.
  • Luxury hybrid supercars are gaining demand as affluent buyers seek combustion emotion with electrified performance.
Ideas
Ann Miletti Head of Equity Investments, Allspring Global Investments 12:23
Industrials, especially small/mid caps, attractive.
Industrials are attractive because they sit at the intersection of AI-driven efficiency gains and the global realignment of supply chains; she likes the sector broadly but especially small- and mid-cap industrials where multiples look better.
XLI Small/Mid-Cap Industrials HIGH
Ann Miletti Head of Equity Investments, Allspring Global Investments 13:02
Emerging markets still offer opportunity.
Emerging markets still offer a lot of opportunity even with the Fed path shifting and rates likely to increase.
EEM LOW
Kevin Gordon Head of Macro Research and Strategy, Schwab 14:44
Small caps early in cyclical recovery.
With earnings strength maturing and large-cap gains becoming more restrained, small caps and the Russell 2000 are still early in exiting their sleepy phase and have begun outperforming the S&P 500 over the past year.
IWM MED
Chris Kennedy Economic Statecraft Lead, Bloomberg Economics 22:41
Strait disruptions keep oil prices elevated.
Strait of Hormuz oil flows are still only about 7.5 million barrels a day, roughly 40% of prewar levels; the longer the conflict throttles the strait, the less likely there is a substantial drop in oil prices and refined fuel product prices, even with U.S. export increases and reserve drawdowns.
WTI XLE HIGH
Jenny Johnson President and CEO of Franklin Templeton 27:02
Venezuela oil investment is unattractive.
The U.S.-Venezuela oil deal offers little near-term production boost—at least 36 months—and raises political and legal uncertainty, making Venezuela a bad signal for long-term oil investment; future democratic or U.S. political transitions could revisit the 100-year lease.
Venezuela Venezuelan Oil Assets HIGH
Wayne Sanders Senior Defense Research Analyst, Bloomberg Intelligence 75:12
RTX counter-drone systems benefit defense scaling.
The Ukraine war cost imbalance is driving the defense industry to scale cheaper counter-drone systems; RTX's Block Two counter-drone interceptor at about $120,000 is an example of the production scale-up in autonomous and AI-enabled counter-swarm capabilities.
RTX LOW
Hannah Elliott Automotive Reporter, Bloomberg 140:24
Luxury hybrid supercar demand is growing.
High-end buyers still want internal-combustion emotion, sound and no range anxiety, while automakers need electrification for emissions; hybrid supercars deliver performance, instant torque and quiet EV driving, so Lamborghini, Ferrari, Bugatti, Porsche and Audi are expanding high-performance hybrid lineups.
Porsche Lamborghini RACE Bugatti Audi MED
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This Bloomberg Markets video, published August 29, 2026, features Ann Miletti, Kevin Gordon, Chris Kennedy, Jenny Johnson, Wayne Sanders, Hannah Elliott discussing XLI, Small/Mid-Cap Industrials, EEM, IWM, WTI, XLE, Venezuela, Venezuelan Oil Assets, RTX, Porsche, Lamborghini, RACE, Bugatti, Audi. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ann Miletti, Kevin Gordon, Chris Kennedy, Jenny Johnson, Wayne Sanders, Hannah Elliott  · Tickers: XLI, Small/Mid-Cap Industrials, EEM, IWM, WTI, XLE, Venezuela, Venezuelan Oil Assets, RTX, Porsche, Lamborghini, RACE, Bugatti, Audi