Iran War: Trump Says US Waging Economic Warfare | The Pulse 8/20/2026

Global bond yields fell after the US Treasury said it plans to buy back more longer-dated bonds. The intervention by Scott Bessent came after borrowing costs hit multi-year highs. Data released hours later showed total US public debt surpassed $40 trillion for the first time. President Donald Trump says the US will subject Iran to “Economic Warfare” threatening “tremendous consequences” for anyone doing trade with Tehran. Novonesis jumped more than 10% after announcing its first-ever share buyback program, worth €1 billion. The Danish biotech company reported second quarter revenue that beat estimates and has now boosted its full-year revenue guidance. Today's guests: Bhanu Baweja, UBS Investment Bank, Chief Strategist; Ester Baiget, Novonesis, CEO & Selahattin Bilgen, Istanbul Airport, CEO. --- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse 00:00:41 - Bullard: Treasury move doesn't change fundamentals 00:03:51 - Bhanu Baweja, UBS Investment Bank, Chief Strategist 00:12:56 - Trump: Starting 'economic warfare' against Iran 00:16:09 - Target boosts sales outlook 00:17:59 - Europe's hot stock markets are creating a buzz 00:23:26 - Thursday headlines 00:24:10 - Ester Baiget, Novonesis, CEO 00:31:41 - Thursday top stories 00:33:04 - Russian strikes leave Ukrainian farmers with pies of unsold grain 00:37:18 - Bloomberg Big Take: The US Lead in the AI Race With China Is Rapidly Narrowing 00:40:39 - Selahattin Bilgen, Istanbul Airport, CEO 00:46:33 - China sentences Evergrande founder Hui to life -------- 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