Bloomberg's Mike McKee reacts to the release of the Fed's July Beige Book, which says economic activity increased in a 11 of 12 Fed districts in late May and June. Mary Ann Bartels from Sanctuary Wealth explains why she thinks the recent Mag 7 correction is a buying opportunity. Then, Managing Editor for Global Consumer Tech Mark Gurman discusses OpenAI's plan to release a speaker device built as an AI companion, competing with Apple and Google's home speaker gadgets. Finally, SilverChef US President Jon Jacobs has an inside look at how independent bars and restaurants are capitalizing on the influx of tourism from the World Cup. Chapters 00:00:00 Bloomberg Businessweek Daily 00:02:10 Market Update: Beige Book, PPI & Tech Stocks 00:04:20 Fed Beige Book Signals Moderate Economic Growth 00:06:20 Kevin Warsh Defends Fed Independence 00:07:50 Michael McKee Breaks Down the Beige Book 00:12:35 Outlook for Inflation, Earnings & Tech 00:18:55 Market Update: Morgan Stanley, PayPal & Semis 00:21:00 OpenAI's AI Device Revealed 00:22:40 Can OpenAI Challenge Apple & Amazon? 00:26:00 Apple's AI Roadmap & Foldable iPhone 00:32:35 Market Update: Apple Gains, Anthropic IPO & SpaceX 00:34:35 World Cup Boosts Restaurants & Hospitality 00:39:40 Small Business Outlook After the World Cup 00:42:40 Stocks on the Move 00:44:00 SpaceX Falls Below IPO Price 00:47:00 BlackRock Hits $15 Trillion in Assets 00:48:10 PayPal Surges on Buyout Report 00:48:45 Coming Up: Extreme Weather & the U.S. Power Grid -------- 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