Treasury Whiplash, US Debt Hits $40T | Bloomberg Money 8/21/2026

Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's guests: Rebecca Patterson, Council on Foreign Relations Senior Fellow, and Kevin Gordon, Charles Schwab Head of Macro Research & Strategy. Chapters: 00:00:00 - Bloomberg Money | 8/16/2026 00:00:34 - Week of Whiplash in Treasuries 00:02:40 - Sarah Frier, Author of “No Filters: the Inside Story of Instagram” 00:04:09 - The Politics Around Data Centers 00:06:07 - What Bond Market Swings Mean for Your Investments 00:07:19 - US Public Debt Hits $40T 00:10:52 - Rebecca Patterson, Council on Foreign Relations Senior Fellow 00:14:22 - Patterson: US Dollar Won’t Fall Off a Cliff 00:17:34 - Patterson: A Crisis Could Force Austerity 00:19:09 - Personal Finance Strategy & Experiences with Rebecca Patterson 00:22:30 - Parents Spend $95,000 On Gap Years 00:24:31 - Millennials’ Net Worth Rises, Debt Levels Soars 00:25:53 - Kevin Gordon, Charles Schwab Head of Macro & Strategy 00:28:02 - Gordon: Young Americans Living in ‘Treat Economy” 00:30:03 - Gordon: Young People Don’t Believe in “American Dream” 00:35:25 - Hobby Spending Soars 00:37:57 - Tom & Scarlet’s Must-Read Books 00:42:15 - US Open Fan Week Starts Sunday -------- 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