Bessent's Bond Buying "Mistake" | Bloomberg Businessweek Daily 8/25/2026

Treasury Secretary Scott Bessent's mentor Stanley Druckenmiller says the Treasury's bond buying plan is a mistake. Bloomberg News Economy Editorial Director Erik Schatzker explains Druckenmiller's reasoning for calling out his mentee, and the implications of the Treasury Secretary's moves. Then, Balance of Power Co-Anchor Kailey Leinz interviews Northrop Grumman CEO Kathy Warden about the defense industry and its relationship with the US Government. Plus, Amazon's VP of Alexa and Echo Daniel Rausch about what's next for Amazon's at-home smart devices. Chapters Chapters 00:00:00 Bloomberg Businessweek Daily 00:01:53 Market Update & Dolly Parton Dies at 80 00:04:12 Druckenmiller Takes Aim at Bessent 00:07:28 Treasury Bond Buybacks Under Fire 00:10:14 Why Treasury Is Trying to Push Yields Lower 00:12:58 Debt, Deficits & Washington's Fiscal Challenge 00:17:36 Northrop Grumman on Rebuilding U.S. Weapons Stockpiles 00:19:11 Defense Supply Chains & Production Bottlenecks 00:21:27 Northrop's Next-Generation Fighter Push 00:23:10 Rare Earths, China & Defense Supply Risks 00:24:49 Northrop's $2.5 Billion B-21 Investment 00:28:10 Pentagon Spending & Defense Priorities 00:30:12 Global Defense Spending Surges 00:32:23 Golden Dome Moves Toward Reality 00:35:11 Can the U.S. Afford Its Defense Ambitions? 00:37:02 Northrop's Next-Generation Technology Bets 00:40:16 AI, Cybersecurity & National Security 00:41:55 Market Update Ahead of Nvidia Earnings 00:43:47 Amazon's Alexa Plus & the AI Race 00:46:01 How Alexa Is Changing Online Shopping 00:47:29 Amazon vs. ChatGPT in AI Shopping 00:48:54 What's Next for Alexa? 00:51:13 Market Check: Tech Rallies, Oil Falls 00:52:39 Stock Movers: Intuit, CrowdStrike & Moderna -------- 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