Apple unveiled a new lineup of products Wednesday, including a foldable iPhone, the company's first product launch under its new CEO John Ternus. Bloomberg Intelligence's Mandeep Singh and Bloomberg Tech Host Ed Ludlow discuss the new iPhone Duo and what the announcement says about Ternus' leadership. Then, Economist and Financial Insyght President Peter Atwater, who coined the phrase 'K-Shaped Economy', reacts to Treasury Secretary Scott Bessent said it's now a 'C-Shaped' economy. Finally, Michael Conrath, JPMorgan Asset Management Chief Retirement Strategist updates us on what workers in the back half of their careers should be looking at in their portfolios as they prepare for retirement. Chapters 00:00:00 Bloomberg Businessweek Daily 00:02:22 Market Update: Stocks Fall, Oil Tops $100 00:04:04 Apple Unveils Its New Product Lineup 00:05:14 The iPhone Duo: Apple's First Foldable 00:06:10 Can a $2,000 Foldable iPhone Become a Hit? 00:09:55 Inside the iPhone Duo's Design 00:12:15 Apple, Siri & the AI Strategy 00:16:30 John Ternus Makes His Debut as Apple CEO 00:20:20 The K-Shaped Economy Is Still Alive 00:24:05 Data Centers, AI & Economic Inequality 00:26:32 Trump Heads to the GOP Midterm Convention 00:29:32 Trump on Iran, Oil & the Nuclear Fight 00:32:39 America's Two Economies 00:34:36 AI, Jobs & the Future of Education 00:40:12 Are Americans Ready for Retirement? 00:44:09 How Much Do You Really Need to Retire? 00:46:05 Rethinking the Traditional 60/40 Portfolio 00:48:57 Stock Movers: Apple, Meta & Signet -------- 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