Trump Defends AI Amid Voter Unease

Watch on YouTube ↗  |  September 15, 2026 at 20:48  |  55:25  |  Bloomberg Markets
Speakers
Michael McKee — International Economics & Policy Correspondent, Bloomberg
Katie Richards — Senior Strategic Advisor, Groundwork Collaborative
Antony Blinken — Former US Secretary of State
Rick Davis — Republican Strategist, Partner at Stonecourt Capital
Charlie Pellett — Anchor/Reporter, Bloomberg
Kailey Leinz — Bloomberg Reporter

Summary

The video covers Treasury Secretary Bessent's congressional testimony as the 10-year Treasury yield hit 5%, with discussion of buybacks, fiscal consolidation, and proposed $5,000 checks. Former Secretary of State Antony Blinken discusses AI safety and China, Iran, Russia/Ukraine, and Gaza diplomacy. A political panel reacts to Blinken, and a later markets segment and Kitty Richards interview focus on oil surging, elevated yields, the Fed, and inflation risks from the Iran conflict.

  • 10-year Treasury yield hit 5%, highest since 2007, as Bessent faced lawmakers.
  • Bessent defended buybacks and floated fiscal consolidation, but gave few details; $5,000 checks drew debate.
  • Blinken called for AI guardrails and U.S.-China cooperation while discussing Iran, Russia sanctions, and Gaza.
  • Political panel focused on the Russia sanctions bill, Iran off-ramp, and AI competition with China.
  • Markets: oil surged about 5%, stocks fell, yields stayed elevated, and bitcoin declined.
  • Kitty Richards argued the Fed is likely to hike, while SPR releases or a diesel export ban would not fix Middle East-driven oil prices.
Ideas
Michael McKee International Economics & Policy Correspondent, Bloomberg 1:23
Bond market skeptical of Bessent's buybacks.
Bessent's claim that Treasury buyback operations were successful is not accepted by the bond market; he has repeatedly promised fiscal consolidation without providing a plan, and the market remains worried about the deficit. That leaves upward pressure on Treasury yields and a weak backdrop for Treasuries.
TLT MED
Katie Richards Senior Strategic Advisor, Groundwork Collaborative 49:12
Fed hike likely; long-end yields watched.
The FOMC is very likely to raise rates because bond rates already price at least a quarter-point move and failing to hike would undermine Kevin Warsh's credibility and could paradoxically push longer-term rates higher. A hike is part of the Fed's expectations game to convince markets it is serious about inflation and to help contain long-term borrowing costs.
TLT MED
Katie Richards Senior Strategic Advisor, Groundwork Collaborative 50:39
Middle East supply shock keeps oil elevated.
The Iran war and Strait of Hormuz disruption are driving oil and broader energy prices higher, and the Fed cannot fix that. SPR releases or a diesel export ban would be only band-aid fixes because oil trades in a global market; Middle East supply disruption and related natural gas, petroleum product, and shipping costs are too large for US supply tweaks to offset, so prices paid by Americans remain at risk.
WTI HIGH
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This Bloomberg Markets video, published September 15, 2026, features Michael McKee, Katie Richards discussing TLT, WTI. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Michael McKee, Katie Richards  · Tickers: TLT, WTI