Apple's $2000+ iPhone, Oil Gain Stokes Inflation Fear | Bloomberg Businessweek Daily 9/8/2026

Around 2020, Apple Chief Executive Officer Tim Cook returned from a trip to Asia unusually energized about a new product category: foldable phones. The project will reach its defining moment on Wednesday, when Apple is poised to unveil its first foldable phone. The introduction will also serve as a debut of sorts for CEO John Ternus, who took the job on Sept. 1. The timing of the leadership transition was meant to help herald a new era for Apple products and allow Ternus to be the one to unveil the foldable device. Bloomberg Managing Editor for Consumer Tech, Mark Gurman reports. Plus, Mia Gindis, Bloomberg News Oil Markets Reporter and Mike McKee, Bloomberg TV and Radio International Economics & Policy Correspondent discuss Brent Oil nearing $100 a barrel as conflict with Iran continues. Finally, Bloomberg Opinions Columnist Marc Champion discusses the latest in the lack of negotiations to prevent Iran from obtaining nuclear weapons. Chapters 00:00:00 Bloomberg Businessweek Daily 00:02:26 Market Update: Stocks Fall, Oil Rises 00:05:02 Iran War Keeps Oil Markets on Edge 00:07:04 Strait of Hormuz & the Global Oil Chokepoint 00:09:03 Refinery Shortages & Rising Fuel Prices 00:10:50 Oil, Inflation & the Fed's Next Move 00:12:00 What to Expect From CPI & PPI 00:13:33 Record Diesel Prices Hit the Economy 00:15:20 Inflation Debate Ahead of the Fed Meeting 00:17:05 Should the Fed Rethink Its 2% Inflation Target? 00:19:01 Market Update: Canada Tariffs & Oil 00:20:55 Apple's Foldable iPhone Is Almost Here 00:22:04 How Apple's Foldable Phone Took Shape 00:24:14 The Technology Behind a Foldable iPhone 00:26:36 Why Apple Waited to Enter the Foldable Market 00:28:33 Can a $2,000 Foldable iPhone Become a Hit? 00:30:13 Foldable iPhone Tradeoffs: Camera & Battery 00:31:07 What Else Apple Will Unveil 00:34:14 U.S.-Iran Tanker Strikes Escalate 00:35:17 What Happened to the Iran Nuclear Mission? 00:38:00 Can Diplomacy Still Resolve Iran's Nuclear Program? 00:41:38 Strait of Hormuz & the Cost of the Iran War 00:43:30 Stock Movers: Qualcomm & Amazon AI Chips 00:45:05 Cyberattacks Hit Medical Device Companies 00:46:20 Constellation Brands & Changing Drinking Habits -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts