Remembering 9/11, 25 Years Later

Watch on YouTube ↗  |  September 11, 2026 at 23:18  |  51:22  |  Bloomberg Markets
Speakers
Ian Bremmer — President and Founder, Eurasia Group
Michael Duffey — Under Secretary of Defense for Acquisition and Sustainment
Rick Crawford — U.S. Representative (R-AR), Chair of House Intelligence Committee
Michael Shepherd — Tech/Defense Reporter
Rick Davis — Republican Strategist, Partner at Stonecourt Capital
Jess Minton — U.S. Equities Reporter and Deputy Team Leader, Bloomberg

Summary

The program marks the 25th anniversary of 9/11 with remembrances and political commentary while covering Middle East geopolitical risks, oil-supply chokepoints, and U.S. defense industrial base funding. Ian Bremmer discusses Houthi and Iranian leverage over key waterways, and Pentagon acquisition chief Michael Duffey outlines munitions production and AI adoption needs. The show also reviews market moves around oil, CPI, and Fed expectations, then covers midterm politics, Missouri redistricting, and the GOP convention.

  • 9/11 25th anniversary commemorations were held at Ground Zero, the Pentagon, and Shanksville.
  • President Trump linked the anniversary to the ongoing conflict with Iran.
  • Ian Bremmer warned that Houthi attacks and Saudi pipeline disruptions threaten Red Sea oil flows and that Iran retains leverage over Hormuz.
  • Michael Duffey said the Pentagon needs the $1.5 trillion budget request to rebuild the defense industrial base and ramp munitions production.
  • Duffey said AI adoption is scaling across the Pentagon from 40,000 to over 1 million users.
  • Markets: oil eased but still posted weekly gains; CPI remained firm; S&P 500 and Nasdaq posted weekly losses.
  • Political panel discussed the GOP midterm convention, a proposed $5,000 check, and Missouri redistricting.
Ideas
Ian Bremmer President and Founder, Eurasia Group 16:08
Middle East chokepoint disruptions threaten oil supply
Disruptions to Saudi Arabia's East-West pipeline, which carries about 4 million barrels per day to the Red Sea, and the Houthis' growing ability to threaten the Bab el-Mandeb Strait are significant oil-supply risks. Iran also retains substantial leverage over the Strait of Hormuz, though that leverage may fade as countries and companies build resilience. Weaker regional powers can use chokepoint disruption to gain leverage, keeping Middle East oil-supply risk elevated.
WTI MED
Michael Duffey Under Secretary of Defense for Acquisition and Sustainment 27:35
Defense industrial base demand supported by funding
The Pentagon has acquisition reform and contracts in place and has created long-term demand signals, but needs Congress to approve the $1.5 trillion budget request to rebuild the defense industrial base. It has secured seven-year munitions deals, incentivized $25 billion of industry investment, and is ramping Patriot production capacity and other critical munitions, which supports defense industrial base demand.
ITA HIGH
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This Bloomberg Markets video, published September 11, 2026, features Ian Bremmer, Michael Duffey discussing WTI, ITA. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ian Bremmer, Michael Duffey  · Tickers: WTI, ITA