Trump’s Payout Promise, Apple Unveils First Foldable iPhone

President Trump promised to pay Americans $5,000 each if Republicans maintain control of Congress in the midterm election. The measure would cost more than $1 trillion. Making the announcement during a speech Wednesday at the GOP’s midterm convention in Dallas, Trump offered no details and the proposal is unlikely to become law. Brent oil steadied near $101 a barrel as Iran vowed it was prepared for a more intense war after hostilities flared across the Middle East, stoking fears about deeper disruptions through the Strait of Hormuz. Apple unveiled the company’s first foldable smartphone during a wide-ranging event Wednesday, betting that a new category can energize growth for its biggest-selling lineup. Newly appointed CEO John Ternus said the device, called the iPhone Duo, will improve on rivals’ foldable models, mocking competing handsets as “two phones awkwardly stuck together.” Today's guests: Katharine Neiss, PGIM Credit Deputy Head of Global Economics; Michael Haigh, SocGen CIB FIC & Commodities Research Head -- "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 00:00:29 - Iran said to be ready to escalate war 00:04:06 - Trump floats $5,000 for all if GOP wins midterms 00:08:23 - Katharine Neiss, PGIM Credit Deputy Head of Global Economics 00:15:13 - ECB hike expected, December signals in focus 00:18:41 - Katharine Neiss, PGIM Credit Deputy Head of Global Economics 00:23:53 - Thursday headlines 00:24:22 - Bessent $6 Billion buyback plan disappoints investors 00:27:06 - US Energy Sec. Wright says gas prices to come down 00:30:56 - Gas prices rise as US-Iran war escalates 00:34:00 - Michael Haigh, SocGen CIB FIC & Commodities Research Head 00:40:47 - Apple unveils iPhone Duo, first foldable Apple phone 00:45:03 - AI model built by Bloomberg Economics predicts UK rate rise in Feb -------- 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