Meta Settles Landmark Teen Social Media Case | Balance of Power 08/26/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Mark Zandi, Chief Economist at Moody’s Analytics, says Nvidia is a “juggernaut” and that AI accounts for at least a quarter of economic growth. Zandi thinks AI is already supporting the demand side of the economy and adding modestly to inflation, but clear productivity gains have not yet appeared. Governor Spencer Cox (R-UT) says Meta’s settlement amount should have been much higher, yet argues the more consequential result is the equitable relief requiring child accounts, age-gating, parental controls, algorithm changes, overnight restrictions and healthy pauses. Chapters: 00:01:10 Bloomberg’s Ed Ludlow and Romaine Bostick on Nvidia Earnings and AI Spending 00:08:48 Mark Zandi, Chief Economist at Moody’s Analytics, on AI’s Economic Impact 00:16:49 Bloomberg’s Jeff Mason on US-Canada Trade Tensions Escalate 00:20:29 Bloomberg’s Becca Wasser on Iran, Oman and the Strait of Hormuz 00:24:43 Governor Spencer Cox (R-UT) on Meta Settlement and Child Safety 00:30:29 Gov. Spencer Cox (R-UT) on Data Centers 00:35:27 Bloomberg’s Mike McKee on Inflation and the Fed at Jackson Hole 00:41:55 Political Panel Reacts: South Carolina GOP Senate Primary, Canada Tariffs and the Midterm Elections, Data Centers Become a Campaign Issue -------- 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