Stocks Rally but End a Volatile Week Lower | The Close 8/21/2026

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are ProShares Head of Research & Active Investments CIO Alessio de Longis, KPMG Chief Economist Diane Swonk, Goldman Sachs Co-Head, Global Commodities Research Daan Struyven, Janus Henderson Portfolio Manager Jeremiah Buckley, National Academy of Engineering President Tsu-Jae King Liu, Loop CEO Matt McKinney, Liquid Death Founder & CEO Mike Cessario, Legendary Sports Agent Leigh Steinberg, & Boxer Mike Tyson.

Chapters:
00:00:00 Bloomberg The Close
00:03:01 ProShares on the Debasement Trade, Yields & Equities
00:10:12 Diane Swonk on Jackson Hole, Fed Policy & Inflation
00:13:48 AI, Productivity & the Fed's Interest Rate Challenge
00:17:31 Top Calls
00:18:30 Bitcoin Rally, Robinhood & the Return of Crypto
00:22:36 Goldman Sachs on Iran Sanctions, Oil & Refining
00:27:12 Gold Rally, Central Bank Buying & Fiscal Risk
00:31:34 Citadel Profits From Situational Awareness Hedge Fund Deal
00:36:39 Janus Henderson on Nvidia, AI & Software Stocks
00:39:00 Anthropic IPO, AI Debt & Nvidia Financing
00:41:00 Market Broadens Beyond AI Into Health Care & Financials
00:43:23 Closing Bell
00:46:18 Market Movers: Moderna, Ross Stores & BJ's Wholesale
00:48:47 Biggest Losers: Micron, Nvidia & Boston Beer
00:54:14 Nvidia Earnings Preview & Semiconductor Competition
00:55:24 Semiconductor Pioneer on Nvidia, TSMC & the AI Supercycle
00:57:13 AI Data Centers, Power Demand & Chip Efficiency
01:00:12 U.S.-China Chip Competition & Engineering Talent
01:03:10 AI Supply Chain Constraints Shift From Chips to Power
01:08:36 AI Backlash, Data Centers & Liquid Death's Viral Campaign
01:12:00 Can Better Marketing Change Public Perception of AI?
01:13:15 Liquid Death CEO on AI, Advertising & Human Creativity
01:15:04 Liquid Death's IPO Outlook
01:16:20 Leigh Steinberg on Lakers Valuation & the Business of Sports
01:20:03 Should Athletes Share in Team Valuation Gains?
01:22:00 Private Equity, Sports Ownership & NIL
01:25:21 Mike Tyson on His New Food Business & Healthy Eating
01:28:17 Mike Tyson on a Potential Floyd Mayweather Fight
01:29:01 What to Watch