Bloomberg Businessweek

‘Temu Range Rover’ Highlights China’s Ascent in UK Car Market

Mon, 20 Jul 2026 20:50:01 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Jaecoo 7, a Chinese SUV, is outselling Land Rover's comparable Range Rover Evoque in the UK, with its gasoline version starting around £30,000. The Jaecoo 7 includes premium touches like heated front seats and a sunroof, and has a seven-year warranty, versus three for the Range Rover Evoque. Chinese carmakers, including Chery Automobile Co., are pushing into the European market, with China's carmakers accounting for 10% of the market in May and holding about one-fifth of Europe's second-largest car market in the UK.

For more, Carol Massar and Tim Stenovec speak with Keith Naughton, Bloomberg News Auto Reporter and Jacob Reid, Bloomberg News Global Business Reporter

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Paramount-Warner Bros. Judge Pauses Deal With Serious Issues

Mon, 20 Jul 2026 20:39:15 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A federal judge temporarily paused Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. saying it “likely” violates antitrust law.

US District Judge Araceli Martínez-Olguín in Oakland on Monday ordered the companies to hold off on consummating the deal for 14 days. Paramount and Warner Bros. hoped to close as soon as July 22.California and 11 other states sued to block the Hollywood mega-merger on July 13. The states allege the deal, which seeks to combine two of the five largest studios, would harm competition for film and cable TV distribution.Paramount said it will continue to vigorously defend against the suit.

“We are confident the evidence will demonstrate that the state AGs’ antitrust arguments are without merit as their alleged markets and claims of anticompetitive effects are without any basis in modern market realities,” the company said in a statement. “This merger is lawful, pro-competitive, and will benefit consumers, creators, workers, and the entertainment industry.”

The judge scheduled an Aug. 3 hearing on whether to extend the hold for longer. The judge will decide whether to pause completion of the deal until after a trial to decide whether it is illegal under federal antitrust law.

On this episode, Carol Massar and Tim Stenovec speak with:

Chris Palmeri, BN Media & Entertainment Team Lead
Dina Esfandiary, Bloomberg Economics Middle East Geoeconomics Lead on 1,000 Days of War and Upheaval That Reshaped the Middle East
Isabelle Lee, Bloomberg News Cross-Asset Reporter on Peptide ‘Wild West’ Pushes Everyday Americans Into Crypto
Avalon Pernell BN Equities Reporter on Martin Shkreli Is Back and Primed to Fight ‘To the Bitter End’

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Protecting Consumers from Foodborne Cyclospora Parasite

Mon, 20 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Food-safety experts warned that plans to shutter a US Department of Agriculture research facility will hinder efforts to protect consumers from the foodborne cyclospora parasite — a risk that’s underscored by the outbreak that’s spreading across the country. The agency is in the process of closing the Beltsville Agricultural Research Center just north of Washington, DC, and relocating its programs to facilities across the country under a restructuring plan announced last year. The center has two laboratories that play a significant role in investigating cyclospora as well as coordinating research with other federal agencies.

For more, Carol Massar and guest host Emily Graffeo speak with Dr. William Schaffner, Professor of Preventative Medicine and Vanderbilt University Medical Center.

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Bloomberg Businessweek Weekend - July 17th, 2026

Fri, 17 Jul 2026 23:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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China’s Moonshot Unveils AI Model, Fueling Tech Rout

Fri, 17 Jul 2026 22:19:30 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Chinese AI pioneer Moonshot unveiled a new model that it claims performs on par with some of the top-tier platforms from OpenAI and Anthropic PBC, the latest sign that the Asian country’s artificial intelligence labs are closing a technology gap with the US.

Moonshot released Kimi K3 Friday, touting benchmarks comparable to some of the US labs’ best offerings. The model is open weight, meaning its parameters are available for users to download and customize, and outperforms all rivals except Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 on overall capability, it said.

Moonshot’s latest platform underscores how rapidly China’s AI race is evolving beyond a competition on price alone. Moonshot priced Kimi K3 at roughly Anthropic Sonnet levels, showing the company believes it can charge a premium to other Chinese models given its capabilities.

On this episode, Carol Massar and guest host Emily Graffeo speak with:

Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
Seth Fiegerman, Bloomberg News AI Editor
Miguel Lorenzo, Senior Vice President of Sports Content, NBCUniversal Telemundo Enterprises on NBCU Telemundo's and Peacock's FIFA World Cup success, ratings performance and overall strategy
Jason Leopold, Bloomberg News Senior Investigative Reporter, FOIA Files newsletter author and executive producer on the Paramount documentary 'The Real Wolf of Wall Street'

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For Software Engineers, the AI Reckoning Has Already Arrived

Fri, 17 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Generative AI is rapidly automating basic coding, freezing junior hiring and dismantling the traditional tech career ladder. By erasing entry-level roles to maximize short-term productivity, companies are cutting off the very rungs needed to train the next generation of senior system architects.

For more on their partnership, Carol Massar and Tim Stenovec spoke with Mark Milian, Bloomberg Businessweek Deputy Editor

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Instant Reaction: Netflix Disappoints Again with Slow Growth

Thu, 16 Jul 2026 21:44:56 +0000

Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant’s future.

The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.

Shares in Netflix have declined more than 40% over the last year, as the company’s pursuit of Warner Bros. Discovery Inc. and subsequent financial results have caused investors to worry that the leader in streaming has lost momentum.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Carol Massar speak with:

Felix Gillette, Bloomberg News Media and Entertainment Editor
Eric Clark, Portfolio Manager, LOGO ETF and CIO, Accuvest Global Advisors
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst
Ed Ludlow, Bloomberg Tech Host

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US Launches New Strikes on Iran as Hormuz Traffic Slumps

Thu, 16 Jul 2026 20:02:54 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US launched fresh strikes against Iran on Thursday, the fifth straight day of attacks as shipping traffic slumped in the critical Strait of Hormuz.The attacks began at 2 p.m. ET, according to US Central Command, with US forces aiming to “further degrade Iranian military capabilities.”Iran responded to earlier strikes by firing at American bases in Kuwait and Jordan, with the Kuwaiti Armed Forces warning of explosions as a result of air-defense systems intercepting hostile targets.

On this episode, Carol Massar and Tim Stenovec speak with:

Nick Wadhams, Bloomberg News National Security Reporter
Ed Ludlow, Bloomberg Tech Host on TSMC, renewed/continuing AI trade worries
Madison Muller, Bloomberg News Healthcare Reporter on Lilly Strikes $3.8B Deal for Psychedelic Drugmaker and Merck’s $3,800-a-Year Cholesterol-Cutting Pill Gets FDA Nod
David George, Senior Research Analyst at Baird

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Proactive Mental Health Support Can Support Global Economy

Thu, 16 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A global study of more than 13,000 workers finds major life events – from returning to work after becoming a parent, to getting divorced and losing a loved one – can have a significant impact on people's health and wellbeing, contributing to an estimated $636 billion in lost productivity and 1.7 billion working days lost globally each year. Economic modelling suggests earlier mental health support before or during major life events could save $42 billion and recover 108 million working days annually. Those who took proactive steps such as talking to friends and family, seeking professional support or speaking to a healthcare provider, took an average of five fewer days off work due to better health, with 7 in 10 wishing they had taken earlier action to support their mental health before or during a major life event. Findings reveal a significant opportunity to improve health, boost the economy and help people navigate life's biggest moments through earlier mental health support.

For more, Carol Massar and Tim Stenovec speak with Sam Miley, Head of Forecasting and Thought Leadership at the Centre for Economics and Business Research and Andrea Christie-David, Director of Mental Health at Bupa, an international private healthcare company

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Unhealthy Air Quality Envelops NYC as Heat Tests US Grids

Wed, 15 Jul 2026 21:11:26 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Extreme weather is slamming the US. Wildfire smoke is degrading air quality in New York as intense heat across much of the country had led a grid in the country’s midsection to declare an emergency. In California, utility PG&E Corp. warned that power shutoffs will be required across several counties as dry conditions and gusty winds increase fire risks.

Wildfire smoke from hundreds of fires burning across Canada blanketed parts of the Great Lakes, Midwest and Northeast on Wednesday, turning the sun over New York City and Toronto into a hazy, yellowish orb. Air quality dropped to unhealthy levels in Manhattan, Brooklyn and Queens, as well as Toronto, according to the US Environmental Protection Agency’s AirNow.gov. Chicago will likely see its air quality fall to unhealthy levels Thursday.

“This will be a prolonged event, and we may see worse air quality tomorrow,” said Amanda Lefton, commissioner of the New York State Department of Environmental Conservation, adding that the smoke will come “in waves” throughout the day.

On this episode, Carol Massar and Tim Stenovec speak with:

Emily Forgash, Bloomberg News Weather Reporter on heat wave, Canada wildfire smoke and NYC air warning
John Engel, Vice President of Digital Strategy & Strategic Innovation, OATI on the burden of summer heat on utilities and what consumers can do to keep energy bills low and products running efficiently
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech on Apple Gets Approval for iPhone AI in China With Alibaba, Baidu AND OpenAI’s First Device Will Be Speaker Built as AI Companion
Natalie Lung, Bloomberg News Tech and Consumer Apps Reporter AND Kara Carlson, Bloomberg News EV Reporter on Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls

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Your Weather App Could Soon Develop Blind Spots

Wed, 15 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US weather-forecasting system is gathering less information due to budget and staffing cuts by the Trump administration, which could lead to a decline in forecast quality. Meteorologists warn that the reduced data collection, including fewer weather balloon launches, increases the risk of missing extreme weather turns, which could result in unnecessary deaths, property losses, and economic disruption. The lack of real-time data and reduced forecasting accuracy may lead to higher insurance costs, as insurers price in the uncertainty, and could also cause "alarm fatigue" when people become desensitized to warnings due to overreaction by emergency managers.

For more, Carol Massar and Tim Stenovec speak with Mark Gongloff, Bloomberg Opinion Columnist

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Warsh Vows to Deliver Price Stability, Fed ‘Regime Change’

Tue, 14 Jul 2026 20:52:54 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Federal Reserve Chairman Kevin Warsh said policymakers at the central bank have no tolerance for high inflation, reiterating a vow to tame price growth that has been elevated for five years.
“The members of our committee have no tolerance for persistently elevated inflation,” Warsh said Tuesday in testimony before lawmakers. “And we share a resolute commitment to restoring price stability.”

The new Fed chairman has emphasized policymakers’ commitment to tackling inflation since he took office in May, and said the number one objective is to get monetary policy right.

Warsh’s appearance before the panel comes amid warnings from several other Fed policymakers that higher interest rates may be needed to curb inflation. The testimony was prepared prior to the Bureau of Labor Statistics’ release of fresh inflation data that showed consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed.

On this episode, Carol Massar and Tim Stenovec speak with:

Yelena Shuylatyeva, Senior US Economist, The Conference Board on Warsh testimony, CPI reaction and PPI
Geoff Karren, Energy Group Capital Chief Investment Officer & Portfolio Manager
Udesh Jha, Chief Risk Officer, Kalshi AND Katherine “Kat” Doherty, Bloomberg News Finance Reporter on Kalshi Ramps Up Effort to Build Markets for AI Computing Power
Chris Rovzar, Bloomberg Pursuits Editor-at-Large on Wearing Shorts to Work? That Should Be OK in 2026

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Apple’s Lawsuit Will Disrupt OpenAI’s Bid to Rival the iPhone

Tue, 14 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Apple has filed a lawsuit against OpenAI, alleging that the company systematically stole its intellectual property by asking former Apple employees to bring information about unreleased products. Apple is seeking monetary damages and an order requiring OpenAI to halt the alleged conduct and destroy any proprietary materials, which could disrupt OpenAI's device ambitions and slow its recruiting pipeline. The lawsuit may cause OpenAI to become more cautious, create more red tape, and slow development, potentially forcing the company to redesign its products if Apple proves that OpenAI incorporated its trade secrets into upcoming devices.

For more, Carol Massar and Tim Stenovec speak with Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech

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Trump Restarts Iran Blockade as US Plans 20% Hormuz Charge

Mon, 13 Jul 2026 20:56:29 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz and demanded a 20% reimbursement on all other cargo shipped through the waterway.
Trump’s announcement Monday, in which he asserted the US would become the waterway’s “GUARDIAN,” intensifies an ongoing spat between Washington and Tehran over the status of the crucial shipping passage at the center of the two nations’ revived conflict.

US military forces will resume blockading traffic to and from Iranian ports and coastal areas beginning July 14 at 4 p.m. New York time, Central Command said in a statement.
Oil prices rose more than 9% Monday as traders rushed to price in flows through Hormuz possibly slowing again, while stocks and bonds fell.

On this episode, Carol Massar and Tim Stenovec speak with:

Rockford Weitz Professor of Practice in Maritime Studies at The Fletcher School at Tufts University
Ian King, Bloomberg News US Semiconductor Reporter on SK Hynix, TSMC, chip trade
Roger Crandall, CEO, Mass Mutual
Erik Wasson, Bloomberg News Congressional Reporter on Graham Death Sets Up Succession Drama in South Carolina

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Hit Memoir ‘Strangers’ Has Wealthy Women Checking Marital Mone

Mon, 13 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Belle Burden's memoir, Strangers, has spurred women to open the books on their marital finances and take control of their money. Women who have read the book are taking steps such as reading tax returns, checking beneficiaries, and asking questions about their financial situations. The book's influence is showing up in financial advisers' and lawyers' offices, with women seeking to rework or create financial agreements with their partners and protect their assets.

For more, Carol Massar and guest host Isabelle Lee speak with Abha Bhattarai, Bloomberg News Equality Team Leader

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Bloomberg Businessweek Weekend - July 10th, 2026

Fri, 10 Jul 2026 23:00:00 +0000

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SK Chairman Has 'Much, Much Bigger' US Investment Plan

Fri, 10 Jul 2026 22:27:30 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SK Hynix Inc. is considering new ways of selling access to its memory chips, including a concept called “memory as a service,” suggesting customers could rent usage from the South Korean company rather than purchasing the actual semiconductors. “We could actually deliver some other business models,” SK Group Chairman Chey Tae-won said in an interview with Bloomberg Television. “We could be memory servicers, memory as a service. In the future, that is another area where we could actually focus.”

Chey, whose company controls SK Hynix, made the comments after the South Korean chipmaker raised $26.5 billion with its American depositary receipt offering, the largest ever US first-time share sale by a foreign company. SK Hynix’s ADRs opened about 14% above their offering price.

Chey didn’t specify exactly how such a business model would work and said new software would be needed to enable it. But tech companies have run “software as a service” businesses and other variations in which clients can pay usage fees to access software or computing power rather than buy it outright. Chey said the goal of such a new service would be to solve the bottleneck of memory capacity.

On this episode, Carol Massar and guest host Isabelle Lee speak with:

Ed Ludlow, Bloomberg Tech Host
Nina Trentmann, Bloomberg News Senior Editor AND Chris Stansbury, CFO, Lumen on Lumen's Data-Center Fiber Deals, Alkira acquisition
Stuart Paul, Bloomberg Economics US & Canada Economist on Fed’s Warsh Names Leadership for Five New Task Forces
Richard O'Brien, GM at Giesen Wine on Giesen’s early entry into the non-alcoholic wine category and the evolution of Giesen 0% into the #1 premium NA wine brand in the U.S.

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Rare Earth Talent Scramble Lures 86-Year-Old From Retirement

Fri, 10 Jul 2026 12:00:00 +0000

The US is trying to rebuild its domestic supply chain for rare earth elements, but is facing a challenge in finding talent to run the facilities. Rare earth plants are complicated and expensive to build, and chemical engineers and metallurgists experienced in rare earths have nearly gone extinct in America. The federal government and universities are trying to rebuild the pipeline of skilled workers, but the US produces far fewer mining graduates than China, and the industry faces an economic hurdle in attracting specialists.

For more, Carol and guest host Lisa Mateo speak with Jacob Lorinc, Bloomberg News Mining & Metals Reporter

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Fears Grow for a Return to War Between US and Iran

Thu, 09 Jul 2026 19:54:15 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US military attacked Iran for a second day and Tehran retaliated against American allies in the Persian Gulf, raising fears of a return to war after little progress in efforts to secure a diplomatic outcome.US Central Command said on X about 90 targets were hit overnight — after 80 the previous day — “to further degrade” Iran’s ability to attack commercial shipping in the Strait of Hormuz. Iran reported strikes on the perimeter of a nuclear power plant and two railway bridges connecting the capital to the city of Mashhad, where former Supreme Leader Ali Khamenei is being buried on Thursday.

The Islamic Republic responded by targeting US bases in Bahrain, Kuwait and Qatar, according to the semi-official Iranian Students’ News Agency. Jordan intercepted eight Iran-launched missiles, according to that country’s state-owned TV.

Today's episode features:

Edward Fishman, Senior Fellow and Director of the Maurice R. Greenberg Center for Geoeconomics at the Council on Foreign Relations on Iran latest
Aaron Mulvihill, Global Alternatives Strategist at JPMorgan Asset Management on mkt reaction to Iran/tech trade, IPO and earnings outlook
Kurt Wagner, Bloomberg News Senior Technology Reporter on Zuckerberg Sets ‘Aggressive’ Price With Meta’s Pay-to-Use AI
Nancy Cook, Bloomberg News Senior National Political Correspondent on Democratic Infighting Puts Party’s Midterm Targets at Risk

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Climate-Friendly Cows Put New Zealand at Center of Global Methane Fight

Thu, 09 Jul 2026 12:00:00 +0000

New Zealand’s farms are set to become a real-life laboratory for one of agriculture’s toughest climate challenges — reducing the methane cows and sheep belch. After years of research and investment, the country is on the cusp of giving farmers the first of a new generation of tools to curb the amount of the greenhouse gas livestock emit. Whether they can be deployed at the scale and speed needed to meaningfully reduce emissions and satisfy climate goals remains uncertain.

For more, Carol and guest host Bailey Lipshultz spoke with Tracy Withers, Bloomberg News Reporter

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Trump Says US May Strike Iran Again, Threatens New Blockade

Wed, 08 Jul 2026 20:59:08 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said the US would probably launch further strikes on Iran and could resume a blockade on the country’s ports, ratcheting up pressure on Tehran and raising the prospect of a return to all-out war. “We hit them very hard last night,” Trump said Wednesday on the sidelines of the NATO summit in Ankara, Turkey. “Probably hit them hard again tonight.”

Today’s episode features:

Will Todman, CSIS Chief of Staff of the Geopolitics and Foreign Policy Department and Senior Fellow of the Middle East Program on Iran latest
Stephanie Roth, Chief Economist at Wolfe Research, reacts to Fed minutes, weighs in on US consumer and inflation
Emile Servan-Schreiber, CEO at Hypermind on his Bloomberg Opinion piece: Prediction Markets Work Without Money
Shirin Ghaffary, BN AI Reporter, Sridhar Natarajan, BN Chief Wall St Correspondent, and Katherine Doherty, BN Finance Reporter on BofA Bankers U-Turn on OpenAI Loan in Bid to Secure Spot on IPO

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Using AI for Ski Resort Management

Wed, 08 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Jackson Hole Mountain Resort is making the move to SnowCloud, a technology company focused on improving the resort guest purchasing and arrival experiences, and is completely gutting their tech stack for a more connected, guest focused experience. When one of the world’s most renowned resorts makes the move, it’s sort of the point of demarcation for the industry.

For more on their partnership, Carol Massar and guest host Emily Graffeo spoke with Joe Hession, CEO and Co-Founder of SnowCloud AND Doug Pierini, CEO of Jackson Hole Mountain Resort.

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US Revokes Waiver Allowing Iran Oil Sales After Tanker Attacks

Tue, 07 Jul 2026 20:36:58 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US Treasury Department revoked a waiver that allowed the sale of Iranian oil in response to attacks on tankers in the Strait of Hormuz, jeopardizing an interim peace deal between Washington and Tehran.

The Office of Foreign Assets Control said no new transactions for Iranian oil may take place on or after July 7. A previous version of the waiver, titled General License X, was issued in the wake of the peace agreement and allowed transactions for 60 days, through August 21.

Today’s episode features:

Daan Struyven, Co-Head of Global Commodities Research at Goldman Sachs
Ed Ludlow, Host of Bloomberg Tech
Stuart Paul, Bloomberg Economics US & Canada Economist
Kate Gulliver, CFO of Wayfair

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Porsche and Other Sports Car Icons Are Losing Appeal in China

Mon, 06 Jul 2026 20:48:12 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Audi introduced its newest car, the Nuvolari, a hybrid with a 1,000-horsepower, V-8 engine, which will share hardware with its Volkswagen AG sister brand, Lamborghini. The Nuvolari is a halo car, created to attract attention and generate excitement around the Audi brand, with an estimated price of $686,000 and only 499 units to be made. The concept of a halo car is changing, with the rise of electrification and domestic alternatives in China, making it challenging for traditional automakers to create vehicles that provoke a visceral reaction and justify their high prices.

For more, Carol Massar and guest host Emily Graffeo speak with Hannah Elliott, Bloomberg Pursuits Staff Writer, Car Critic and Co-Host of the 'Hot Pursuit' Podcast

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High AI Capex Demand a 'Multi-Year' Cycle

Mon, 06 Jul 2026 20:37:28 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Broadcom said that it will provide new custom chips to Apple Inc. in an expanded partnership that now runs through 2031.Under the new agreement, the companies will partner on ASIC silicon, short for application-specific integrated circuit. These types of chips will be found in “multiple generations of Apple products,” according to a Broadcom filing on Monday.

ASIC chips, silicon developed for a specific purpose, are increasingly vital to the development of components for processing artificial intelligence-related tasks. Apple is working on more advanced AI servers that the company is planning to deploy as early as 2027, Bloomberg has reported.
Broadcom has long made components for Apple related to cellular connectivity, Wi-Fi and Bluetooth, but that relationship has taken a step back in recent years with Apple developing its own N1 chip, a combined Wi-Fi and Bluetooth component found in recent iPhones, iPads and Macs.

On this episode, Carol Massar and guest host Emily Graffeo speak with:

Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech on Broadcom, Apple Expand Partnership to 2031 With Custom Chips
Rudina Seseri, Glasswing Ventures Founder and Managing Partner AND Ed Ludlow, Bloomberg Tech Host on state of AI and AI investment landscape
Dr. Ellen Wald, President of Transversal Consulting AND Senior Fellow at the Atlantic Council AND Author of "Saudi, Inc." on Saudis Slash Main Oil Price to Rare Discount as Market Dives
Eric Roston, Bloomberg News Sustainability Editor on Extreme Weather Tops Scientists' Most Dire Climate Predictions

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Jersey Mike’s, Cumberland Farms Join Swelling IPO Pipeline in US

Mon, 06 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Blackstone-backed Jersey Mike’s Subs and gas-station and convenience-store operator Cumberland Farms filed for initial public offerings as the market for new US listings broadens beyond companies powering the artificial intelligence revolution.

Tim Stenovec and guest host Norah Mulinda speak with Bloomberg News US ECM Reporter Anthony Hughes about the latest set of companies with plans to hit Wall Street.

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‘Taylor Swift Tax’ Stirs Bad Blood With Rhode Island Homeowners

Fri, 03 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Rhode Island’s new tax on second homes is nicknamed for its most famous part-time resident, music superstar Taylor Swift, but the levy will also squeeze owners of saltbox houses on the coast that are much less grand than the singer’s Holiday House mansion.
Under an annual property tax measure that takes effect Wednesday, the state will collect $5 for every $1,000 that a vacation home’s value is assessed over $1 million. Rhode Island lawmakers passed the measure last year, targeting out-of-towners in coastal enclaves like Newport and Little Compton to raise revenue for affordable housing construction.

Tim Stenovec and guest host Norah Mulinda speak with Bloomberg News Boston Money and Power Reporter Greg Ryan on his reporting on the 'Taylor Swift Tax'.

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Bloomberg Businessweek Weekend - July 3rd, 2026

Thu, 02 Jul 2026 23:00:00 +0000

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Heat Wave Threatens Holiday Weekend Festivities; NYC Faces Hottest Day Since 2012

Thu, 02 Jul 2026 21:37:35 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A dangerous heat wave that is trapped over New York City is also trapping people in the city.

The heat dome that’s settled over the East Coast has New York City set for its hottest day since 2012, according to the National Weather Service. Temperatures in Central Park are expected to spike to 100F (38C) Thursday afternoon, but swampy, oppressive humidity will make it feel more like 110F. In parts of the city with less shade and more pavement, temperatures are likely to push even higher.

Power prices on the largest US grid surged as the eastern part of the country was struck by what is forecast to be the hottest day of the year so far.
Today's episode features:

Lauren Rosenthal, Bloomberg News Weather Reporter
Robin Wenzel, Head of Wells Fargo Agri-Food Institute on Wells Agri-Food BBQ report: 'Stay Close, Grill Big: Why Backyard BBQs Are Taking Over Summer 2026'
David 'Dave' Hoffman, CEO, Sky Zone
Craig Trudell, Bloomberg News Managing Editor of Global Business Americas on Tesla, Rivian, & Ford deliveries
Randall Williams, Bloomberg News Senior Reporter and Vanessa Perdomo-Maglione, Bloomberg News Sports Business Reporter, Co-Hosts of the ‘Business of Sports’ Podcast on World Cup latest

Hosted by Tim Stenovec and guest host Norah Mulinda.

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Prediction Market Theorists Question Kalshi, Polymarket Boom

Thu, 02 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Chris Beam, Bloomberg Businessweek senior writer discusses his latest piece on how some of the biggest users and supporters of prediction markets are having mixed feelings about its mainstream growth and whether the wide adaptation could dilute its potential to establish collective knowledge. He speaks with Carol Massar and Tim Stenovec.

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AOL Owner Bending Spoons Jumps 40% After $1.68 Billion IPO

Wed, 01 Jul 2026 21:46:52 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bending Spoons shares surged 40% above their initial public offering price after the company and some of its backers raised $1.68 billion. The trading gives Bending Spoons a market value of $25.7 billion. That compares with a valuation of about $14.5 billion in 2025, after a funding round comprised of $270 million in primary capital and $440 million in secondary capital and a $2.8 billion debt package, according to PitchBook data.

Bending Spoons was formed in 2013 and derived its name from a scene in the 1990s science-fiction film The Matrix. The company brings a private equity-style playbook to distressed software apps, buying largely subscription-based services, trimming their staff and handing operations to coders

On today's show, Carol and Tim speak with:

Luca Ferrari, Bending Spoons CEO AND Bailey Lipschultz, Bloomberg News IPO Reporter

Todd Gillespie, Bloomberg News Banking Reporter on today’s Big Take: Citi CEO Jane Fraser Brings Troubled Bank Into Trump’s Favor

Lipi Sternheim, CEO, REalloys on a US Army processing facilities partnership

Justin Bibb, Cleveland, OH Mayor (D) on CityLab story: Cleveland Plots an Industrial Comeback on East Side 'Midline'

Jo Ann Corkran, Co-CEO & Managing Partner, Golden Seeds on $200 Million milestone

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Rising Costs and Inflation Are Squeezing the US South

Wed, 01 Jul 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Brett Pulley, Bloomberg News Atlanta Bureau Chief discusses his latest reporting featured in the upcoming Bloomberg Businessweek magazine on how people in southern states are feeling the squeeze as the cost of living rises and wages struggle to keep up. He speaks to hosts Carol Massar and Tim Stenovec.

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Chip Stocks Put Up Their Best Quarter Ever Despite Wild Swings

Tue, 30 Jun 2026 22:01:33 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Chip stocks posted their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go.

The Philadelphia Stock Exchange Semiconductor Index jumped 3.9% on Tuesday to bring its second-quarter gain to 88%, its best quarter ever. It soared 101% in the first half, putting it on track for its best year in its history. In contrast, the tech-heavy Nasdaq 100 Index climbed 28% in the second quarter, while the S&P 500 Index rose 15%. It was both of their best quarters since 2020, but the performances were dwarfed by the surge in chip stocks.

On this episode, Carol and Tim speak with:

Ian King, Bloomberg News US Semiconductor Reporter
Dan Suzuki, Global Investment Strategist, iCapital
Georgia Hall, Bloomberg News FX and Rates Reporter AND Francesca Maglione, Bloomberg News California Reporter on Big Take: The 250-Year-Old American Dream Is Fading for Dreamers Overseas
Yogesh Gupta, CEO at Progress Software

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Teddy Wayne, Author of 'The Au Pair'

Tue, 30 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Steven Hammer was once a literary star. Now, his career is floundering, his marriage to a high-powered woman is crumbling, and the only bright spot in his life is Astrid, the Norwegian au pair who cares for their children—and reveres his neglected novels. But what begins as a secret infatuation soon spirals into a scandal that makes them both infamous. With inexorable momentum and sly, lucid prose, Teddy Wayne’s The Au Pair is a sleek literary thriller about desire, deception, and the unraveling of a man as he grapples with his fading relevance—when the lies others spin pale beside the fictions we tell ourselves

For more, Carol Massar Tim Stenovec speak with Teddy Wayne, Author of 'The Au Pair'

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Comcast to Spin Off NBCUniversal in Surprise Strategy Reversal

Mon, 29 Jun 2026 20:39:45 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Comcast Corp. plans to spin off NBCUniversal and Sky, unwinding a strategy that began more than a decade ago after struggling to demonstrate that a cable and media conglomerate would benefit shareholders.

A new company, NBCUniversal, will hold the theme parks division, Universal film and television studios, the NBC and Telemundo broadcast networks, Peacock streaming service, and Bravo cable channel as well as the European media business, Sky. Comcast will hold the company’s original cable-TV, broadband and wireless businesses.

The deal, which came as a surprise to many investors, nevertheless reflects a trend as the media industry grapples with declining cable viewership.
Separating the two businesses is “the only way to unlock value,” Vikash Harlalka, an analyst at New Street Research, said. The move is a precursor for allowing Comcast to focus on mergers and acquisitions in both the cable and media sectors once the separation is complete, Harlalka said.

On this episode, Carol Massar Tim Stenovec speak with:

Chris Palmeri, Bloomberg News Senior Editor and Entertainment Team Leader
James Seyffart, Bloomberg Intelligence Senior Research Analyst on SpaceX ETF Frenzy Leads to Fund’s Trading Halt After 89% Surge / Leverage That Fueled US Stock Rally Becomes a Growing Concern
Cynthia Chen, CEO, Kikoff on state of American consumer, credit card debt and Kikoff's credit building platform
Former. Gov. Eric Holcomb (R-IN) and Co-Founder of RAISE US

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Bloomberg Businessweek Weekend: June 26th 2026

Sat, 27 Jun 2026 03:55:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek Daily on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Improving the Coffee Supply Chain for Women

Fri, 26 Jun 2026 21:45:55 +0000

Margaret Nyambumo, Founder and CEO at Kahawa 1893 discusses her coffee company's mission in a special edition of Businessweek Daily from the Uncharted Summit.

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Understanding AI Revolution, Uncharted Special

Fri, 26 Jun 2026 21:43:20 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

In a special live from the Uncharted Summit in Southampton, NY Carol and Tim about the world of venture capital, and the impact of AI on investing after a roller-coaster week for tech stocks from Seoul to New York fueled by extreme investor positioning and worries over chip demand.

On this episode, Carol and Tim speak with:

Allison Ellsworth, Co-Founder and Chief Brand Officer at Poppi
Alan Patricof, Chairman Primetime Partners
Kevin Maney Co-Author Front Row Seat for a Revolution, and Lak Ananth, Global Managing Partner Next47 and Co-Author Front Row Seat for a Revolution
Michael Loeb and Noah Friedman, Uncharted Co-Founders

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Qualcomm Jumps on $15 Billion Data Center Sales Projection

Thu, 25 Jun 2026 23:07:39 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Qualcomm shares jumped after the chipmaker forecast annual sales of more than $15 billion from artificial intelligence components in data centers by fiscal 2029. This year Qualcomm’s gains have lagged a general rally by chip stocks as investors concentrated on names more closely associated with spending on AI components.

Qualcomm’s new priority is to win business from the biggest investors in data center gear, joining the competition to cut into Nvidia lead in what has become the most lucrative opportunity in the history of the semiconductor industry.

On this episode, Carrol Massar and Tim Stenovec speak with:

Ed Ludlow, Bloomberg Tech Host
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
Mark Pincus, Founder of Zynga and author of the new book 'Life at the Speed of Play: Launch Products People Love!'

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Bed Bath & Beyond's Push to Make Homeownership More Affordable

Thu, 25 Jun 2026 23:04:14 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Amy Sullivan, President, Bed Bath & Beyond joins to discuss the state of the consumer, and how her company's acquisition push focuses on discounted retail sectors related to homeownership.

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Fiberglass Versus Concrete in Pools

Thu, 25 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Latham Group (SWIM), the largest designer, manufacturer, and marketer of in-ground, residential swimming pools in North America, Australia, and New Zealand, and produces custom pool liners and automatic safety covers. Nearer and longer-term driver remains the structural shift toward fiberglass pools, which continues to take share from concrete. Fiberglass represents approximately 76% of Latham’s pool sales, yet remains underpenetrated in key growth markets

For more, Carol Massar Tim Stenovec speak with Sean Gadd, CEO at Latham Group.

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Micron Sales Forecast Tops Estimates on Insatiable Memory Demand

Wed, 24 Jun 2026 21:06:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Micron Technology Inc., the largest US maker of computer memory chips, delivered a sales forecast that topped Wall Street estimates after AI-fueled shortages of the components sent prices soaring.
Revenue will be approximately $50 billion in the fiscal fourth quarter, which runs through August, the company said in a statement Wednesday. Analysts estimated $43.2 billion on average. Excluding some items, profit will be about $31 a share, compared with a projection of $25.31.

The shares climbed about 5% in late trading after the report was released. They had already more than tripled this year, outpacing all other major chip stocks.

Micron and its peers in the memory space — Samsung Electronics Co. and SK Hynix Inc. — have become major beneficiaries of the artificial intelligence boom. A spending spree by data center operators has stoked the appetite for both conventional memory and a newer variety called high-bandwidth memory, or HBM, that works with AI systems.

On this episode, Carol Massar Tim Stenovec speak with:

Ed Ludlow, Bloomberg Tech Host AND Jake Silverman, Bloomberg Intelligence Semiconductor Analyst
Katie Hubbard, President, U.S. Capital Markets for Walton Global on state of the US housing market
Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council
Len Tannenbaum, Founder, Tannenbaum Capital Group AND James Crombie, Bloomberg News Senior Editor, Credit on private credit latest

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The Billion-Dollar Peptides Gold Rush

Wed, 24 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

In an industrial park a half-hour outside Prague, Peter Magic finds himself at the center of a gold rush. In the 15 years since he started his business as a teenager in his parents’ garage in Slovakia, it’s developed into a fast-growing company with almost nine figures in annual revenue and an international clientele. He isn’t training a new kind of agentic artificial intelligence that replaces your employer’s legal department or building the next online prediction market. His company, Janoshik Analytical, does purity and sterility testing for black-market anabolic steroids, an obscure niche Magic found during his own foray into weightlifting. His search for other lifters online took him to 4chan and Reddit, where many talked freely about their pharmaceutical experimentation but fretted about what might be in their drugs. Magic figured testing steroid samples couldn’t be that hard. “It took a couple of years, actually, before we got all the processes perfected, because obviously, legally, this is pretty thin ice,” he says. Among connoisseurs, his testing has become the gold standard. Outside, in his lab’s parking lot, he has the shimmering purple Ferrari to prove it.

As it turns out, Magic’s reputation for running a legitimate business evaluating illicit substances has positioned him perfectly for a new black market: the global trade in peptides. For more on the show, Carol Massar and Tim Stenovec, spoke with Amanda Mull, Bloomberg Businessweek Senior Reporter and Madison Muller, Bloomberg News US Health Care Reporter

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US Chip Stocks Plunge as AI Selloff Ripples Across From Asia

Tue, 23 Jun 2026 22:29:05 +0000

Tuesday’s stock-market slide was what one Wall Street strategist called a “chip-wreck.”The semiconductor companies that have led this year’s stock-market advance with triple-digit percentage gains were suddenly hit with a wave of doubts about the sustainability of the AI-driven rally.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

On this episode, Tim Stenovec and Carol Massar speak with:

Amanda Lyons, Head of Research, Energy Group Capital
Sean Gadd, CEO of Latham Group
Katherine Kostereva, CEO of Creatio
Gracelin Baskaran, Director, Critical Minerals Security Program at the Center for Strategic and International Studies

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SpaceX Bankers Kick Off Marketing for Debut High-Grade Bond Sale

Tue, 23 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX is selling investment-grade bonds for the first time in what’s expected to be the start of a massive borrowing spree to fund the company’s AI ambitions following its record $75 billion IPO.
Banks including Goldman Sachs Group Inc. are arranging calls with investors on Monday, according to a person with knowledge of the matter, who asked not to be identified because they’re not authorized to speak publicly. A bond sale is expected to follow, with maturities of between five and 30 years, according to the person.

For more, Carol Massar Tim Stenovec speak with Robert Schiffman, Bloomberg Intelligence Senior Technology Credit Analyst

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Remembering Former Fed Chairman Alan Greenspan

Mon, 22 Jun 2026 21:22:53 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Alan Greenspan, the Federal Reserve chairman proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down, has died. He was 100.

He died on Monday at his home in Washington, according to a statement by his wife, Andrea Mitchell, chief Washington correspondent for NBC News. The cause was complications of Parkinson’s disease.

Greenspan’s 18 years as Fed chief, from 1987 until his retirement at the start of 2006, were marked by a stock market boom and low unemployment. More so than the four presidents he served under or the seven Treasury secretaries he worked alongside, Greenspan was seen as the maestro who kept the economy humming.

In a statement on Monday, the Fed said, “Chairman Greenspan’s legacy endures at the Federal Reserve — in those he mentored directly, in the economists and public servants he inspired, and in the frameworks and practices he helped shape.”

On this episode, Carol Massar Tim Stenovec speak with:

Betsy Duke, Former Federal Reserve Governor, Former Wells Fargo Chair, Former American Bankers Association Chair on Alan Greenspan legacy
Jim Caron, Portfolio Solutions Group CIO at Morgan Stanley Investment Management on Fed, Greenspan, US vs ROW equities, rates, credit, macro and 2H outlook

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Special Report: Alan Greenspan Dies at 100

Mon, 22 Jun 2026 12:15:00 +0000

Alan Greenspan has died at the age of 100. The former Federal Reserve Chairman died on Monday at his home, NBC News reported, citing his wife, Andrea Mitchell. The cause was complications of Parkinson’s disease. Greenspan was proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down. Bloomberg's David Westin, Paul Sweeney and Isabelle Lee look back at the life and legacy of Alan Greenspan, along with James Egelhof, Chief US Economist at BNP Paribas, and John Micklethwait, Editor-in-Chief at Bloomberg News.

See omnystudio.com/listener for privacy information.

Deep Fission CEO Liz Muller on New, Underground Nuclear Reactors

Mon, 22 Jun 2026 12:00:00 +0000

Liz Muller, CEO of Deep Fission, joins guest hosts Emily Graffeo and Isabelle Lee to discuss how her company aims to help supply energy and its trading debut. Deep Fission is bringing proven nuclear technology to a new deployment model by placing reactors a mile underground. Bloomberg News Energy Reporter Will Wade also joins for the conversation.

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Bloomberg Businessweek Weekend - June 19th, 2026

Fri, 19 Jun 2026 16:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”

Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek Daily on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

See omnystudio.com/listener for privacy information.

Approachable Luxury for Father's Day

Fri, 19 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Pursuit's global luxury editor Chris Rovzar shares the ultimate Father's Day shopping list, with gift ideas for every kind of dad. He speaks with hosts Carol Massar and Tim Stenovec.

See omnystudio.com/listener for privacy information.

Live at the Pure Accelerate Summit in Las Vegas

Fri, 19 Jun 2026 00:10:24 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Join Carol and Tim as they speak with key executives from Everpure and other key leaders in the tech space at Everpure's Pure Accelerate summit in Las Vegas.

On this special episode, hear from:
Rob Lee, Chief Technology and Growth Officer, Everpure
Shawn Rosemarin, Global VP of Research & Development, Customer Engineering, Everpure AND Pradeep Bandaru, Head of Platforms & AI Workflows at Sanofi
Chadd Kenney, VP of Product Management at Everpure
Tarek Robbiati, Chief Financial Officer, Everpure
Michael Cardaci, HRTec at FedHIVE CEO

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White House Pushes to Unlock Nuclear Energy with 'UPRISE'

Thu, 18 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Ho K. Nieh, chairman of the Nuclear Regulatory Commission joins following the UPRISE (Utility Power Reactor Incremental Scaling Effort) event at the White House, as part of the Trump administration's efforts to get more nuclear online to help meet rising energy demand. He speaks with guest hosts Christina Ruffini and Emily Graffeo.

See omnystudio.com/listener for privacy information.

Fed Edges Closer to Rate Hikes in Kevin Warsh's First Fed Meeting

Wed, 17 Jun 2026 21:36:51 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Federal Reserve Chairman Kevin Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year.

“Persistently high prices are a burden for the American people, but the recent past need not be prologue,” Warsh said in his debut press conference as chairman. Officials “are unambiguous and unanimous. This committee will deliver price stability.”

At the same time Warsh played down somewhat the projections from his colleagues showing nine officials foresee at least one quarter-point hike this year, with six anticipating at least two. Another nine expected no move or a cut.

On this episode, guest hosts Christina Ruffini and Bloomberg's Emily Graffeo speak with:

Yelena Shulyatyeva, Senior US Economist at The Conference Board
Stuart Paul, Bloomberg Economics US and Canada Economist & Andrew Szczurowski, Strategic Income Portfolio Manager at Morgan Stanley Investment Management
Deborah Weinswig, CEO of Coresight Research

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Iran’s World Cup Team Divides Diaspora in LA’s ‘Tehrangeles’

Wed, 17 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Inside a Los Angeles cafe, the strife between the US and Iran faded briefly into the background as Iran opened its 2026 World Cup campaign in Southern California against New Zealand, ending with a respectable 2-2 draw.

As soon as the 90 minutes was up, the politics returned. Iran coach Amir Ghalenoei said his country is the "most oppressed team in the World Cup" in a press conference after the game, and claimed the team was being forced to return to their training base in Mexico without time for recovery.

The discord struck a nerve in parts of Los Angeles, which are sometimes dubbed Tehrangeles because the region is home to the world's largest Iranian diaspora community. While almost everyone in this expatriate enclave opposes the current government, many retain a loyalty to their national squad, known as Team Melli.

Bloomberg News LA bureau chief John Gittelsohn talks with Carol and Tim about the complex dynamics involved with Iran's FIFA World Cup team playing in the US.

See omnystudio.com/listener for privacy information.

SpaceX Rallies For Third Straight Day, Becoming World's Fifth Largest Stock

Tue, 16 Jun 2026 22:20:13 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX jumped for a third straight day on Tuesday, overtaking Amazon.com in value to become the fifth-largest stock in the world.

Shares closed 4.8% higher, pushing its market capitalization to $2.65 trillion, roughly $8 billion higher than Amazon’s. At the stock’s intraday high, the market value of Elon Musk’s rocket and AI company topped Microsoft to briefly become the world’s fourth-largest stock.

At least some of the price action since its debut has been driven by the relatively small number of SpaceX shares available to trade, with only about 4.2% accessible on day one. That can make trading more volatile, with the stock more prone to large swings that can quickly change its market value.

On this episode, Carol and Tim speak with:

Bailey Lipschultz, Bloomberg News IPO Reporter on SpaceX's continued rally
Simon White, Bloomberg Macro Strategist On The GPU Is Wall Street’s New Real Estate Trade
Mike Dinsdale, CEO at Powerlaw
David Roman, US MedTech and Healthcare IT Research Analyst, Goldman Sachs AND Madison Muller, Bloomberg News US Health Care Reporter

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US Orders Anthropic to Disable Foreign Access to Mythos

Mon, 15 Jun 2026 21:07:20 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Anthropic PBC has disabled access to its most advanced artificial intelligence models, including Mythos, following an unprecedented order by the Trump administration to keep the technology out of the hands of all foreign nationals.

The US government told Anthropic to suspend access to the Fable 5 and Mythos 5 models by any foreign national “whether inside or outside the United States,” citing national security concerns, the company said in a statement. A US official confirmed the Commerce Department sent the letter. The model developer has since shut off access to both systems to all customers to ensure compliance.Never before has the US government taken such sweeping measures to rein in foreign access to frontier AI models developed by an American company.

Both the Trump and Biden administrations have limited access abroad to other consequential technologies such as semiconductors and supercomputers, and some have debated the merits of blocking access to AI models. But restrictions on the software itself have raised constitutional and commercial concerns.

On this episode, Carol Massar Tim Stenovec and guest host Ed Ludlow speak with:

Maggie Eastland, Bloomberg News Tech Reporter
Bailey Lipschultz, Bloomberg News IPO Reporter AND David Bauer, JPMorgan Head of ECM Americas on SpaceX IPO
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst on Fox to Buy Roku at $22 Billion Value in Streaming Video Push
Carmen Reinicke, Bloomberg News Stocks Reporter on Big Take: The $12 Trillion Stock Squeeze Gives Way to IPO Market Boom

See omnystudio.com/listener for privacy information.

NY Lawmakers Approve Final Budget That Includes Second-Home Tax

Mon, 15 Jun 2026 20:51:09 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Luxury buyers and sellers are recalculating in the wake of New York’s pied-à-terre tax. The majority-Democratic state legislature signed off on the remaining final budget legislation late Wednesday night, approving Gov. Kathy Hochul’s slate of policies she contends will improve affordability for New York residents. Hochul, a moderate Democrat, has been criticized by several progressive lawmakers who had split with the governor over her weakening of the state’s 2019 climate law and refusal to raise income and corporate tax rates. But top Manhattan broker Lisa Lippman believes the disruption will be temporary. A 29-year industry insider and the consistent number one broker at Brown Harris Stevens with more than $500 million in transaction volume in 2025 alone

For more, Carol Massar Tim Stenovec speak with Lisa Lippman, Real Estate Agent at Brown Harris Stevens.

See omnystudio.com/listener for privacy information.

How to Pay for College, From 529 Hacks to $12,000 Tokyo Tuition

Mon, 15 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

529 plans — tax-advantaged accounts for education expenses — are the go-to tool for college savers. Offered in nearly every state,2 they grow tax-deferred and allow tax-free withdrawals.3 They’re also preferable to custodial brokerage accounts, which count as a student’s assets and can hurt financial-aid eligibility.4 The biggest edge of a 529 is flexibility. A 529’s beneficiary can be changed easily, so parents or grandparents5 can open one before a child is born, then update the beneficiary later on. If one kid skips college, the account can be reassigned to another child — or even to yourself.

For more, Carol Massar Tim Stenovec speak with Ann Garcia, CFP and Wealth Advisor at The Mather Group

See omnystudio.com/listener for privacy information.

Bloomberg Businessweek Weekend - June 12th, 2026

Sat, 13 Jun 2026 09:00:00 +0000

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SpaceX Makes History With Biggest Wall Street Debut Ever

Fri, 12 Jun 2026 20:21:42 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX has made history with the biggest-ever IPO ever after opening at $150 per share, 11% above its offering price after the stock began trading on the Nasdaq on Friday. The listing values the rocket and AI-company that Elon Musk founded at roughly $2T, with his own fortune now standing at nearly $1.05T. Top guests across Bloomberg Businessweek Daily share their thoughts on the historic IPO.

On this episode, Carol Massar Tim Stenovec and guest host Ed Ludlow speak with:

Bailey Lipschultz, Bloomberg News IPO Reporter
Max Chafkin, Host 'Everybody's Business' on Elon's world
Anthony Hughes, Bloomberg News US ECM Reporter and Nic Colas, DataTrek Research Co-Founder on StarLink combining with Tesla
Ross Gerber, Gerber Kawasaki Wealth & Investment Management, President and CEO

See omnystudio.com/listener for privacy information.

How AI-generated Tracks are Exploiting Streaming Platforms’ Royalty Systems

Fri, 12 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Eighty-five percent of recorded music revenue in the U.S. now flows through streaming, and 100,000 AI-generated tracks are being uploaded to those platforms every single day. Because royalties come from a shared pool divided by total streams, every AI track added dilutes what human artists get paid. Napster was about unauthorized distribution — taking music without paying for it. AI goes further: it uses recorded performances to generate competing content that can displace the originals entirely. AI isn't the only threat to the royalty pool — AM/FM radio has operated the same way for decades, playing music without paying performers a cent. The American Music Fairness Act would close that loophole; session musicians, backup singers, and studio players deserve to be paid, the same way every streaming and satellite service already does. And the U.S. is one of the only countries in the world that doesn't require broadcasters to pay performers, so American artists forfeit overseas royalties that end up flowing to foreign artists instead. AMFA would fix that and keep American earnings in American pockets.

For more on AI generated music, Carol and Tim Stenovec spoke with Michael Huppe, President and CEO of SoundExchange, the organization designated by the U.S. government to administer digital performance royalties.

See omnystudio.com/listener for privacy information.

The World Cup Keeps Getting Bigger

Thu, 11 Jun 2026 20:57:36 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The most watched sports showdown on Earth - the FIFA World Cup starts today in Mexico City. This year's games will be hosted in three countries - the US, Mexico and Canada - across 16 cities, with 48 teams competing, the most ever. This comes as the event is being overshadowed by political tensions, including conflicts between the US and Iran - driving up fuel prices and creating economic strain for fans.

On this episode, Carol Massar and Tim Stenovec speak with:

Randall Williams, Bloomberg News Senior Reporter AND Vanessa Perdomo Maglione, Bloomberg News Sports Business Reporter
Ed Ludlow, Bloomberg Tech Co-Host AND Bailey Lipschultz, Bloomberg News IPO Reporter on SpaceX IPO latest
Stephen Carroll, Bloomberg Daybreak Europe Host on 'Europe Is Finally, Slowly Getting Its Act Together'
Dr. Sylvia Kwan, CEO of Ellevest on the feminization of wealth and 'wealthcare' for wealth management

See omnystudio.com/listener for privacy information.

Billionaires Flee to Tax Haven Just Across the California Border

Thu, 11 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Incline Village has become a billionaires' playground with prime lakefront property, alpine seclusion, and no state income taxes, attracting ex-Californians. The sales volume for single-family homes in Incline Village and Crystal Bay surged to roughly $232 million in the first quarter, with 22 homes sold for more than $2 million. The influx of wealth is raising eyebrows among locals, who worry that the town is transforming into a luxury ZIP code with room for ultrarich tech titans and few others.

For more, Carol and Tim Stenovec spoke with Eliyahu Kamisher, Bloomberg News California Reporter

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SpaceX IPO Is Said to Be More Than Four Times Oversubscribed

Wed, 10 Jun 2026 22:24:10 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX’s initial public offering has attracted demand for more than four times the available shares, according to people familiar with the matter, ahead of the Elon Musk-led rocket, satellite and artificial intelligence firm stopping taking orders.The banks are expected to stop taking orders from institutional investors after the market closes in New York at 4 p.m. on Wednesday, people familiar with the matter have said.

SpaceX’s IPO is set to price June 11 and trade the following day. The company is offering 555.6 million shares at a fixed price of $135 each, which would raise about $75 billion, and value it at about $1.8 trillion.

Orders are still being taken and details could change, the people said, asking not to be identified as the information isn’t public. A representative for SpaceX didn’t immediately respond to a request for comment.

On this episode, Carol Massar and Tim Stenovec speak with:

Ed Ludlow, Bloomberg Tech Co-Host On SpaceX
Ben Hylak, Co-Founder and CTO at Raindrop, Former SpaceX and Apple Engineer On Raindrop 2.0 product, and SpaceX from fmr. Engineer perspective
Paul Andre Huet, Chairman & CEO of America's Gold & Silver AND Gary Evans, CEO at US Antimony On latest company news, mining/antimony roundup
Todd Gillespie, Bloomberg News Banking Reporter and Sri Natarajan, Bloomberg News Chief Wall Street Correspondent On Goldman CEO Slammed by Two Lawmakers for Standing by Top Lawyer and Trump Heaps Praise on Citi for M&A Ranking It Doesn’t Have

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A Road Trip through US History

Wed, 10 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Timed to coincide with the 250th anniversary of the Declaration of Independence, Beverly Gage visits thirteen iconic, historically significant sites across the country, she unpacks the complicated, often contradictory ways Americans remember, debate, and engage with their own history.

For more, Carol and guest host Emily Graffeo spoke with Beverly Gage, author of 'This Land is Your Land' and Yale John Lewis Gaddis Professor of History and Janet Lorin, Bloomberg News Higher Education finance reporter

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SpaceX IPO Demands Investor Trust in Musk’s Entangled Empire

Tue, 09 Jun 2026 21:01:47 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX’s initial public offering is a bet on Elon Musk’s most audacious vision yet: an industrial empire combining hardware, software and artificial intelligence that brings rocket launches, satellites and computing resources into one sprawling conglomerate. A nearly 18-minute video produced as part of its IPO roadshow touts everything from solar-powered orbital data centers to a thriving lunar economy to asteroid mining.

If SpaceX hits its targeted valuation of $1.8 trillion, it will immediately become one of the world’s most valuable public companies. Musk, on the cusp of turning 55, will likely be the world’s first trillionaire. And for Tesla Inc., the electric-car maker and energy company that Musk took public in 2010, the question is increasingly about when — not if — SpaceX will absorb Tesla whole.

On this episode, Carol Massar and Emily Graffeo speak with:

Dana Hull, Bloomberg News Senior Technology Reporter
Jeff DiLullo, CEO at Philips North America On Philips 2026 Future Health Index report
Sec. Gina Raimondo, 40th Commerce Secretary on America’s role in AI race, labor market impact
John McCluskey, CEO, Alamos Gold On state of gold market, Alamos Canada operations and mining

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Table 4 at the River Cafe

Tue, 09 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Inspired by her podcast Ruthie’s Table 4, award-winning chef Ruthie Rogers, the cofounder of London’s celebrated The River Cafe, presents a lively array of compelling interviews about food by a dazzling roster of celebrities including David Beckham, Martha Stewart, and Mel Brooks.
For more, Carol and Tim Stenovec, spoke with Ruthie Rogers, Co-Founder of The River Cafe in London, Host of the podcast 'Ruthie's Table 4' AND Author of 'Table 4 at the River Cafe'

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Apple Investors Give Lukewarm Reaction to New Siri, AI Platform

Mon, 08 Jun 2026 20:52:42 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Apple Inc. investors gave a tepid reception to the next generation of its artificial intelligence platform, which is key to the company’s bid to catch up with Silicon Valley peers in a critical market.
The new Apple Intelligence system — underpinned by Google technology — was unveiled during a keynote presentation at the company’s Worldwide Developers Conference on Monday. Software chief Craig Federighi pitched the update, which includes an overhauled Siri digital assistant, as a major improvement over the company’s current software. Siri is “more intelligent, knowledgeable and capable,” Federighi said.

Still, many of the new features are similar to capabilities that Apple unveiled earlier — only to delay their release. And the new Siri will be released as a beta test to consumers this fall, signaling that the technology isn’t fully ready for everyday users.

Apple said that its new AI features won’t be available in China while the company “works through regulatory requirements.” The rollout of the technology in the EU also will be slowed by regulations in that region.

On this episode, Carol Massar and Tim Stenovec speak with:

Ed Ludlow, Bloomberg Tech Co-Host
Barry DiRaimondo, CEO, SteelWave On his take that current bear market in CRE is largest buying opportunity ‘in American history’
James Walker, CEO at NANO Nuclear Energy ad Will Wade, Bloomberg News Energy Reporter On NANO’s recent acquisition of Secured Transportation Services
Kathryn Thompson, Founding Partner & CEO at Thompson Research Group on ‘golden age of US construction’ and re-industrialization of America

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Leadership Anatomy in Motion

Mon, 08 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Louisa Loran, author of the book, "Leadership Anatomy in Motion" joins Carol and Tim to discuss her work and how executives are handling macro volatility and a rapidly changing workforce.

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Bloomberg Businessweek Weekend - June 5th, 2026

Sat, 06 Jun 2026 03:55:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Broadcom's Disappointing AI Outlook Drives Tech-Led Stock Rout

Fri, 05 Jun 2026 21:11:54 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
The massive monthslong rally in US stocks has taken a painful turn as traders rushed to get rid of mega-cap technology stocks and snap up more defensive names, while the latest employment data boosted expectations for an interest-rate hike this year. Broadcom shares plunged by the most in more than 16 months after the company’s forecast for sales of its artificial intelligence chips disappointed investors.
The concerted selloff in stocks, bonds and crypto was the biggest setback in months for the latest leg of the bull market, which traces to the end of March when negotiations began in earnest to end war in Iran. Concern has grown recently about the sustainability of an AI-fueled rally that had pushed the Philadelphia Semiconductor Index toward its best quarter ever and made trillion-dollar behemoths out of chipmakers Micron and Samsung.
On this episode, Carol and Tim speak with:
- Bailey Lipschultz, Bloomberg News Markets Reporter- Tom Giles, Senior Executive Editor, Global Technology- Natalia Kniazhevich, Bloomberg News Equities Reporter & John Flood, Goldman Sachs partner and head of Americas equities execution services- Dan Arnold, SVP of National Operations at Protos Security & Vanessa Perdomo-Maglione, Bloomberg 'Business of Sports' Podcast Host

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Live from Bloomberg Tech in San Francisco, Part 2: Hatch's New Device, AI Fear, Grammy Winner Hit-Boy

Fri, 05 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol and Tim broadcast live from the Bloomberg Tech summit in San Francisco for a series of special conversations with executives and leaders in the tech world.

This episode features:

- Ed Ludlow, Bloomberg Tech Co-Host
- Ann Crady Weiss, CEO of Hatch
- Yoshua Bengio, Professor, Université de Montréal
- Hit-Boy, Grammy-Winning Artist & Producer

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Live from Bloomberg Tech in San Francisco: Android Hardware, Mozilla's Open Source AI & Venture Capital

Thu, 04 Jun 2026 21:26:34 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol and Tim broadcast live from the Bloomberg Tech summit in San Francisco for a series of special conversations with executives and leaders in the tech world.

This episode features:

- Brad Stone, Bloomberg Businessweek Editor on the summit and some of the issues impacting the tech space
- Sameer Samat, President of Android Ecosystem on Android's outlook and hardware diversity
- Raffi Krikorian, Chief Technology Officer at Mozilla
- Katie Haun, CEO, Haun Ventures

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US Ramps Up Manufacturing As Trump Seeks to Rebuild Tariff Wall

Thu, 04 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Eric Kutcher, senior partner and North America chair at MicKinsey speaks with special guest hosts Alexis Christoforous and Isabelle Lee about how the US can expand domestic manufacturing amid geopolitical conflict and a White House that's reshaping global trade.

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SpaceX Seeks Biggest IPO Ever; Bank of America CEO Brian Moynihan

Wed, 03 Jun 2026 22:29:37 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk’s rocket, satellite and artificial intelligence company targets a historic debut that could clear a path for more mega-listings.

On this episode, special guest hosts Alexis Christoforous and Isabelle Lee speak with:

Bloomberg US Equity Capital Markets Reporter Anthony Hughes & Bloomberg Tech co-host Ed Ludlow
Caroline Golin, Chief Growth & Policy Officer, Head of Government & Regulatory Affairs at NRG Energy

Plus, two special conversations from our across the Bloomberg newsroom:

Bob Frenzel, President and CEO at Xcel Energy speaks with Bloomberg Washington correspondent Tyler Kendall from the Edison Electric Institute Conference
Brian Moynihan, CEO of Bank of America speaks with Bloomberg's Dani Burger from the Forbes Iconoclast Summit

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The Great Hotel Branding

Wed, 03 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Whether you are paying $300 or $1,300 a night, hotel rooms across the globe have increasingly succumbed to "blanding" = a phenomenon where unique, localized, or character-driven design is stripped away in favor of a homogenized, predictable, or minimalist aesthetic.

For more, Carol and Tim Stenovec, spoke with Brandon Presser, Bloomberg Pursuits Travel Columnist.

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Andrew Left Found Guilty in Case That Spooked Short Sellers

Tue, 02 Jun 2026 20:52:47 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Famed short seller Andrew Left faces the possibility of decades behind bars after being found guilty of using disingenuous social media posts to manipulate stocks, in a landmark case that threatens to chill a broader trading strategy loathed by corporate executives.

Left, who gained a large online following with his blunt commentary about major US companies as well as smaller stocks popular with retail traders, was convicted Monday following a three-week trial in Los Angeles. Even before his conviction, his 2024 indictment spooked the industry and led some short sellers to beef up legal disclaimers.

Now, the 55-year-old faces more than two decades behind bars at an Aug. 31 sentencing hearing, though criminal defendants frequently get less time. Left will remain free until then.

On this episode, Carol Massar and Tim Stenovec speak with:

Erik Larson, Bloomberg News US Legal Reporter
Ed Zitron, CEO at EZ Primary Research on AI skepticism
Wendy Stewart, President of Global Commercial Banking at Bank of America on trends currently shaping the business landscape
Dr. Carina Kern, Founder and CEO of LinkGevity & Serena Kern-Libera, Chief Operating Officer at LinkGevity on Reshaping Aging, Longevity

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Whey Protein Is Running Out as Americans Want It in Everything

Tue, 02 Jun 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The food industry is grappling with shortages and skyrocketing prices of whey protein, forcing some manufacturers to halt production or reformulate their products with alternative ingredients. Whey protein has become a star ingredient due to its complete protein profile and ease of use, but the supply chain is struggling to keep up with demand, with some suppliers already sold out for the remainder of the year. Companies are considering alternatives to whey protein, including milk protein concentrate and plant-based options like soy and pea, as price increases and tight supply continue to affect the industry.

For more on the show, Emily Graffeo and Tim Stenovec, spoke with Kristina Peterson is Bloomberg News Reporter covering the food industry.

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Anthropic Files Confidentially for IPO in Race With OpenAI

Mon, 01 Jun 2026 21:52:07 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Anthropic PBC has confidentially submitted draft paperwork for a public listing, potentially leapfrogging longtime rival OpenAI in the race toward a Wall Street debut as soon as this fall.

“The number of shares to be offered and the price have not yet been set,” the company said in a blog post Monday. Anthropic, once viewed as an underdog to OpenAI, has vaulted ahead of the ChatGPT maker in recent months on multiple fronts. The Claude developer recently raised $65 billion in a funding round at a $965 billion valuation, including the investment, eclipsing OpenAI’s value for the first time. Anthropic’s advances in coding and cybersecurity capabilities have rattled markets and also enticed new business customers.

With the filing on Monday, Anthropic is poised to potentially beat OpenAI to the public market, setting itself up to attract more attention and capital from a greater pool of investors. OpenAI itself was said to be preparing its own confidential filing for an initial public offering in the coming weeks and was targeting a public debut sometime in the fall, Bloomberg reported in May.

On this episode, guest host Emily Graffeo and Tim Stenovec speak with:

Ed Ludlow, Bloomberg Tech co-host
Charlie Wells, Bloomberg News Reporter and Ed Ludlow for in-depth conversation on SpaceX and its upcoming IPO
Andrew Groves, Chairman of Copper Intelligence
Roderick Wong, founder and Chief Investment Officer and Stephanie Sirota, Chief Business Officer, from RTW Investments on Innovations in Biotech

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Businessweek Daily Bonus: A Focus on Business Schools

Sun, 31 May 2026 09:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

On this special edition of the Bloomberg Businessweek Daily podcast, we focus on business schools and how they're responding to the new challenges facing students and graduates as they enter a workforce shaped by economic uncertainty and the rapid growth of artificial intelligence.
Hosts Carol Massar and Tim Stenovec, along with Bloomberg Businessweek senior editor Dimitra Kessenides, speak with:

Jenny Chatman, Bank of America Dean of the Haas School of Business, co-director of the Berkeley Center for Workplace Culture and Innovation
Eloïc Peyrache, Dean and CEO at HEC Paris

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Bloomberg Businessweek Weekend - May 29th, 2026

Fri, 29 May 2026 23:00:00 +0000

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Safeguarding the Future of an HBCU

Fri, 29 May 2026 21:08:05 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US Department of Education wants to grease the wheels for college mergers and acquisitions, a rare Trump administration proposal with broad support from university leaders who see the policy helping the sector withstand a wave of financial distress. Grambling State University is hoping to benefit from this potential proposal, especially as the university is set to celebrate its 125th anniversary and the institution’s enduring cultural legacy.

For more, Christina Ruffini and Tim Stenovec, spoke with Dr. Martin Lemelle, Jr, Grambling State University President and how he is adapting private-sector strategies to create a healthier financial ecosystem at Grambling.

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SpaceX Wins $4 Billion Contract for US Golden Dome Satellites

Fri, 29 May 2026 21:02:38 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX has won a contract for more than $4 billion to build satellites to track foreign aircraft and missiles as part of President Donald Trump’s Golden Dome defensive shield.
The space-based tracking network integrates space sensors, communication systems and AI-enabled ground processing to look and alert for airborne threats from orbit, according to a US Space Force statement Friday. The US had been using ground-based sensors and military aircraft to monitor the skies, but placing detection capabilities in space could eliminate potential blind spots, the Space Force said.

The $4.16 billion award underscores SpaceX’s deepening ties to the Pentagon and its close involvement with Golden Dome, which is intended to protect the US from attacks through layered defense systems ranging from Earth to space. SpaceX is already under contract to develop prototypes of space-based interceptors for the project and is part of a multi-company software consortium building the operating layer underpinning Golden Dome, Bloomberg has reported.

On this episode, guest host Christina Ruffini and Tim Stenovec speak with:

Sana Pashankar, Bloomberg Space Reporter
Zack Gharib, President, Red Roof on expansion into Canada, consumer trends and travel behavior
Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst on On Dell Soars Most in Two Years on Outlook Fueled by AI Servers
Dr. Amesh Adalja, Johns Hopkins Center for Health Security Bloomberg School of Public Health Senior Scholar on Ebola latest/health news roundup
Deborah Harpur, Founder and CEO, FanClub AI on FanClub AI, a new venture building rights infrastructure for the generative AI era

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Why Food is Becoming the New Center of the Office

Fri, 29 May 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Food is an essential part of every workday; it brings employees together to connect and enables collaboration. But it's often unmanaged, with multiple vendors, decentralized spend, and no single owner. 92% of employers say that providing food makes employees more productive, and 86% of hybrid employers say food encourages employees to work onsite. ezCater is a workplace food tech platform that connects organizations of all sizes and industries with over 125,000 restaurants nationwide to make food easy to order, manage, and scale.

For more, guest hosts Matt Miller and Alexis Christophorous spoke with Nihad Rahman, CEO of ezCater.

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Apple Is Overhauling Siri as Part of Major iOS27 Changes

Thu, 28 May 2026 20:53:58 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Apple Inc.’s much-anticipated Siri overhaul is set to become the centerpiece of its next iPhone, iPad and Mac software updates — and Bloomberg News is offering the first peek at what the new digital assistant will look like.

Illustrations created by Bloomberg show the revamped Siri interface, a new chatbot-style app and other major iOS 27 changes that the company plans to announce at its June 8 Worldwide Developers Conference. The images are based on information viewed by Bloomberg and people with knowledge of the company’s plans who asked not to be identified because the software isn’t yet public.

An Apple spokesperson declined to comment. The company often tests multiple designs of features internally, and the final version set to be introduced to the public in June could differ.

On this episode, guest hosts Matt Miller and Alexis Christophorous speak with:

Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech
Jay Chaudhry, Founder & CEO, Zscaler on Zscaler Sinks as Revenue Forecast Misses Estimates
Kevin Tynan, Director of Research at The Presidio Group on Ferrari CEO Says First EV Racks Up Orders Despite Criticism
Albert Douer, UBQ Chairman and CEO on UBQ's plastic alternatives products and filling the void amid Iran/supply chain ripples

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Chasing the Man Who Stole The Gods

Thu, 28 May 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Man Who Stole the Gods uncovers the global conspiracy behind the decades-long looting of Cambodia's sacred heritage following the devastation of the Khmer Rouge genocide. At the center o the empire sits Douglas Latchford, a charismatic British expatriate who spend a lifetime masquerading as a passionate scholar while secretly masterminding a multi-million dollar antiquities trafficking ring.
For more, Tim Stenovec and guest host Christina Ruffini speak with Matthew Campbell, Bloomberg Businessweek Reporter.

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Memory Chip Frenzy Sends SK Hynix, Micron Into $1T Club

Wed, 27 May 2026 21:00:15 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

When global equities are offering such meaty returns, betting on the broader markets will pay off better than a quest for individual winners.

South Korea’s SK Hynix on Wednesday became just the third Asian company to join club of companies with a market capitalization of $1 trillion. That is a coveted distinction considering that even the Nasdaq 100 boasts only 10 companies that are part of the group.
One day earlier, Micron has experienced a significant market surge, surpassing a $1 trillion valuation driven by robust demand in the artificial intelligence sector. Despite this, the company remains undervalued, trading at under 10 times forward earnings.

On this episode, guest host Christina Ruffini and Tim speak with:

Ian King, Bloomberg News US Semiconductor Reporter
Brieane Olson, PacSun CEO on new book 'Co-Created: The Cultural Strategy That Redefined Pacsun' and her turnaround of the company
Kelsey Berro, JPMorgan Asset Management Global Fixed Income, Currency and Commodities (GFICC) Portfolio Manager

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Ferrari’s $640,000 EV Is Quite a Stretch

Wed, 27 May 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The unveiling of the $640,000 Ferrari Luce drew largely negative reactions from industry analysts and social media influencers alike, who compared the four-door, five seater’s design to mass-market EVs. For the Luce, Ferrari moved away from the style associated with design chief Flavio Manzoni and tapped Apple Inc.’s former head of design, Jony Ive, to shape the vehicle.

For more, Tim Stenovec and Alex Semenova speak with Hannah Elliott, Bloomberg Pursuits Staff Writer and Car Critic AND Co-Host of the 'Hot Pursuit' Podcast

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Navigating the K-Shaped Economy with Embedded Finance

Tue, 26 May 2026 21:18:18 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The K-shaped economy has frozen homeowners in place, as middle-income buyers can afford only 21% of homes on the market (down from 50% pre-pandemic). Homeowners are sitting on historic 3% to 4% mortgages that they absolutely refuse to surrender. Because inventory is virtually nonexistent, moving simply isn't an option for most. Since they can't move, we see them choosing to reinvest in their current homes instead. They can't buy up. They can't move. So they're renovating.
On this episode, Alex Semenova and Tim speak with:

Mike Petrakis, Founder and CEO of PowerPay AND Philip Brenckle, West Shore Home CFO on The K-shaped economy has frozen homeowners in place
Madison Muller, Bloomberg News US Health Care Reporter On Lilly to Buy Three Vaccine Developers for Up to $3.8 Billion AND Ebola Vaccine From Oxford Covid Team Nears Production for Trials
Peter Atwater, President, Financial Insyghts on his latest: how we went from a K-Shaped Recovery to a full-blown K-Shaped American Experience
Dr. Michael Swanson, Chief Agriculture Economist, Wells Fargo Agri-Food Institute on agriculture prices, prices in the grocery aisle

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A Taste of Pan-Asian Street Sauces

Tue, 26 May 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

BBQ sauce has long been an American staple, but what people reach for is changing. Today's cooks want heat with depth, texture with a story, and flavor that takes them somewhere beyond the backyard grill. Asian inspired flavor profiles are leading that evolution. Mr. Bing, the chef-approved Pan-Asian street sauce brand, wants to help bring bold, globally inspired flavor to everyday meals and modern menus.

For more, Tim Stenovec and Carol Massar speak with Brian Goldberg, the Founder and Chief Growth Office of Mr. Bing Foods.

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Bloomberg Businessweek Weekend: May 22nd, 2026

Fri, 22 May 2026 23:00:00 +0000

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CEOs Drop Warm and Fuzzy in 'Ruthless' Push to Squeeze Workers

Fri, 22 May 2026 21:17:44 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

During the pandemic and the subsequent "Great Resignation," corporate leaders adopted an empathetic, employee-friendly persona, offering flexible remote-work policies, wellness perks, and mental health support to attract scarce talent. However, as economic pressures like inflation and high interest rates mounted, the labor market cooled, shifting leverage firmly back into the hands of employers. In response, CEOs quickly abandoned their "warm and fuzzy" approach to prioritize profit margins and shareholder demands.

This shift has ushered in a ruthless return to aggressive workforce management and cost-cutting. To extract maximum productivity, executives are enforcing strict return-to-office mandates, rolling back employee perks, and utilizing performance reviews to quietly downsize staff. With fewer job openings available, workers are being forced to accept heavier workloads and tighter corporate surveillance, signaling a definitive end to the brief era of employee empowerment.

On this episode, Carol and Tim speak with:

Matthew Boyle, Bloomberg News Senior Reporter, Work and Management on CEOs Drop Warm and Fuzzy in 'Ruthless' Push to Squeeze Workers
Nakul Duggal, Head of Qualcomm's Automotive, Robotics and IoT Businesses on Qualcomm and Stellantis announced a partnership to enable automated driving on millions of Stellantis vehicles using Qualcomm Technologies’ Snapdragon Ride Pilot system 
Stew Leonard Jr., Stew Leonard's President & CEO on Memorial Day grilling/grocery costs

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Inside a Year of Chaos at Kevin Hart’s Media Company

Fri, 22 May 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

When Kevin Hart announced in January that he’d licensed his name to Authentic Brands Group, the popular comedian was silent on a key detail: the future of his namesake media company. Hart sold some ownership and oversight of his brand in exchange for an undisclosed sum of money and a stake in Authentic, a New York-based firm that manages the likenesses of Marilyn Monroe, Muhammad Ali, Shaquille O’Neal and David Beckham. Hart used the partnership with Authentic to reset his relationship with the people around him and his company, according to six current and former employees. Hart’s employees say they worry that this deal marks the beginning of the end of Hartbeat, the comedian’s namesake media company that produces films, owns a network of short-form video channels and handles marketing for brands. Though the announcement made no mention of Hartbeat, the agreement gave Hart money to buy out his private equity partner in the company over time and regain control of the use of his name, image and likeness. Hart’s endorsement deals, which had been a pillar of Hartbeat business, will now be handled by Authentic.

For more, Tim Stenovec and Emily Graffeo speak with Lucas Shaw, Bloomberg News Managing Editor, Media & Entertainment and writer of the Bloomberg Screentime Newsletter

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SpaceX Joins Battle for Control of $26.5 Trillion AI Market

Thu, 21 May 2026 21:16:30 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX is marketing itself to IPO investors as an artificial intelligence play targeting a $26.5 trillion potential market opportunity, signaling its intention to wrest business from investor darlings whose valuations have soared.

The company, formally known as Space Exploration Technologies Corp., leaned heavily on its ambitions in the ever-expanding AI market in its initial public offering filing Wednesday. Out of a $28.5 trillion total addressable market across its businesses, SpaceX sees AI opportunities accounting for 93%, with enterprise applications accounting for the vast majority. Space, Starlink internet and mobile would contribute close to $2 trillion.

Elon Musk’s rocket, satellite and AI company is effectively basing its pitch for the biggest IPO in history on the idea that it can capture a huge share of the market from the likes of OpenAI, Anthropic PBC and Alphabet Inc.’s AI systems: technology that will eventually automate large swaths of white-collar and administrative work, creating a massive market for software that can perform digital tasks traditionally handled by humans.

On this episode, Carol and Tim speak with:

Ed Ludlow, Bloomberg Tech Co-Host
Gautam Bhandari, Co-Founder, Managing Partner & Global CIO at I Squared on data from the ISQ OpenInfra Index, showing survey results of financial advisors who work with alternative investments
Tripp Hornick, Principal, Quince Street Strategy on national security, critical minerals policy, global supply chain risk mitigation of the Trump administration
Dr. Danish Nagda, CEO of Rezilient Health on Rezy AI health care platform and health care technology

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Bearish Outlook Breaks Consensus

Thu, 21 May 2026 12:00:00 +0000

Active managers who briefly looked like they might finally have their moment earlier this year are once again confronting a familiar problem: a market rally driven by a tiny group of tech mega caps that diversified portfolios simply can’t keep up with.The share of mutual funds outperforming the S&P 500 this year has plunged to just 28%, according to the latest data from Barclays, down from over 60% at the end of February. After benefiting from a rotation out of high flying technology shares and into the broader market, stock pickers are getting left behind as money floods back into a narrow group of AI-fueled heavyweights.

For more on the generally bearish, Tim Stenovec and Emily Graffeo speaks with Thomas Thornton, President at Hedge Fund Telemetry and Alexandra Semenova, Bloomberg US Stocks Reporter

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Instant Reaction: Nvidia Gets Tepid Reaction to Forecast, Ups Investor Rewards

Wed, 20 May 2026 22:19:25 +0000

Nvidia, the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge.Sales in the three months ending in July will be about $91 billion, the company said in a statement late Wednesday.

Though analysts estimated $87 billion on average, projections ranged as high as $96 billion, according to data compiled by Bloomberg.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Emily Graffeo speak with:

Ed Ludlow, Bloomberg Tech co-host
Paul Meeks, Head of Technology Research at Freedom Capital Markets
Jay Goldberg, Seaport Research Partners
Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst

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OpenAI Closes in on IPO Near $1 Trillion Valuation

Wed, 20 May 2026 21:06:23 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

OpenAI is preparing to file for an initial public offering in the coming weeks and is targeting a public debut sometime in the fall, according to a person familiar with the plan.

The ChatGPT creator is working with Goldman Sachs and Morgan Stanley to make a confidential IPO filing as soon as Friday, but the exact timing remains uncertain, the person said, asking not to be identified because the information isn’t public. OpenAI said in a statement: “We regularly evaluate a range of strategic options. Our focus remains on execution.”

OpenAI has been laying the groundwork to go public as soon as this year as part of a broader effort to raise more capital and pay for its costly push for more chips, data centers and talent, Bloomberg News has previously reported. Rivals Anthropic PBC and SpaceX are also preparing for listings. SpaceX’s IPO paperwork may be made public as soon as Wednesday.

On this episode, Carol and Tim speak with:

Ed Ludlow, Bloomberg Tech Co-Host
Kurt Wagner, Bloomberg News Senior Technology Reporter on Meta Begins 8,000 Global Job Cuts in AI Efficiency Push
Patrick Clark, Bloomberg News Real Estate Reporter on Wall Street Takes Its Cut of $34 Trillion in US Homeowner Wealth

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WNBA Team Hit $1 Billion Valuation Milestone

Wed, 20 May 2026 12:00:00 +0000

The Golden State Valkyries have made sports history by becoming the first $1 billion franchise in women's sports. In just its second year in the league, that makes the Valkyries the first-ever women’s team in any sport to reach that valuation. Jess Smith is President of the WNBA team Golden State Valkyries. She speaks with Tim Stenovec and Alexandra Semenova.

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The Future of the Diamond Industry

Tue, 19 May 2026 20:46:21 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Today, the debate is no longer about authenticity. It is about value perception, branding, sustainability, craftsmanship, transparency and consumer preference. Lab-grown diamonds are now widely accepted as real diamonds, with the same physical, chemical and optical properties as mined diamonds. The FTC and international trade standards recognize laboratory-grown diamonds as diamonds, provided disclosure is clear. Consumer perception has shifted dramatically over the last few years, moving the discussion away from origin and towards quality, craftsmanship, light performance and value. Lab-grown diamonds should not be confused with simulants such as cubic zirconia or moissanite, which are not carbon-based diamonds.

On this episode, Carol and Tim speak with:

Nathalie Morrison, Astrea London Founder
Brett Mufson, President of Fontainebleau Development
Kristy Ellmer, BCG US Managing Partner & Director AND co-author of 'How Change Really Works'

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Bloomberg Businessweek Daily Live From NYSE with LifeMD (Part Two)

Tue, 19 May 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec broadcast live from the NYSE trading floor with our partners at LifeMD for important conversations on the future of the healthcare industry.
On this episode, Carol and Tim speak with:

Dr. Joan LaRovere, Interim CMO Boston Children's Hospital AND Co-Founder & President of the Virtue Foundation
Dr. Stephanie Faubion, Medical Director of The Menopause Society AND Penny and Bill George Director of Mayo Clinic's Center for Women's Health
Dr. Karen Koffler, Director, Integrative and Functional Medicine, Miami Whole Health; Professor, University of Miami School of Medicine

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Bloomberg Businessweek Daily Live From NYSE with LifeMD (Part One)

Mon, 18 May 2026 21:21:56 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec broadcast live from the NYSE trading floor with our partners at LifeMD for important conversations on the future of the healthcare industry.

On this episode, Carol and Tim speak with:

Dr. Doug Lucas, Orthopedic Surgeon; Clinical Lead, Bone Health & Longevity, LifeMD
Rear Admiral Dr. Susan Blumenthal, Former Assistant Surgeon General and the First-ever Deputy Assistant Secretary for Women’s Health
Justin Schreiber, LifeMD Chairman CEO & Co-Founder

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Global Dining Trends

Mon, 18 May 2026 12:00:00 +0000

Over the next year, The MINA Group will continue its expansion into several new markets, including North Carolina, largely through strategic partnerships with major hotel groups. It's been their playbook for quite some time. Through their portfolio of crowd-pleasing concepts, The Mina Group has become one of the most sought-after hospitality brands for major hotel groups looking to strengthen their F&B offerings – Michael's restaurants have a presence across brands like Four Seasons and Resorts, The Ritz-Carlton, Bellagio, JW Marriott Essex House, Westin St. Francis, and more.

Balancing scale with creativity has been a core part of MINA Group's success. Rather than a one-size-fits-all model, the group crafts concepts that are highly site-specific, adapting even signature brands to reflect culture/audience/energy of each property. Michael Mina is the Chef, Founder and Executive Chairman of the MINA Group, an award-winning restaurant management company with a collection of over 30 chef-driven concepts across the country that showcase the best of food, wine and spirits. He speaks with Carol Massar and Tim Stenovec.

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Bloomberg Businessweek Weekend - May 15th, 2026

Fri, 15 May 2026 23:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec
Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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What Jeff Bezos Told Us About Leaving Amazon

Fri, 15 May 2026 21:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Much of the world still thinks of Amazon.com Inc. as Jeff Bezos’ company. But Bezos, the fourth-wealthiest person on the planet, hasn’t led Amazon for five years. Under his handpicked successor, Andy Jassy, Amazon’s market value has increased by 45% as it’s pushed further into retail, advertising, sports broadcasting, filmmaking and now the AI wave that’s coming for us all, whether we like it or not.

Jassy, and the way he’s pulled Amazon into the artificial intelligence age, is the subject of our June cover story. But if Bezos and his politics still color your feelings about the company — and your Prime membership status — you might want to reconsider. He remains Amazon’s executive chairman, speaks last at board meetings and shares his enthusiasm for new technologies like robotics. But he stays out of operational decisions, other board members tell us. “No one is confused that Andy’s the CEO and Jeff is in there as an incredible asset,” said Brad Smith, the former CEO of Intuit and an Amazon board member since 2023.

Bezos deserves credit for what was by all accounts a model CEO transition. The world today is full of companies (and political movements) inextricably linked to a single person. Tesla Inc. would have a fraction of its market value without Elon Musk at its helm and the army of credulous investors who hang on his sci-fi prognostications. Other companies — Airbnb, Meta Platforms, Nvidia, Palantir, to name a few — remain linked to their founders, who seem to like it that way. Bezos selected his successor and stepped out of the way.

On today's episode, hosts Carol Massar and Tim Stenovec speak with:

Brad Stone, Bloomberg Businessweek Editor
Blake Leonard, Stew Leonard’s Wines & Spirits President
Kai Boysan, Flix North America CEO

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Driving a Deeper Change in Aviation

Fri, 15 May 2026 12:00:00 +0000

Airlines are cutting uneconomic routes, revising forecasts, and building in buffers, effectively managing around volatility rather than eliminating it. That’s creating a downstream behavioral shift. Travelers, particularly at the premium end, are no longer optimizing for price or experience alone. They’re prioritizing predictability and control over their time, a dynamic that is beginning to reshape both commercial and private aviation.

In private aviation, that shift is even more pronounced. Demand remains strong, but the real differentiator is no longer access, its execution, especially in constrained environments where the gap between scheduled and actual travel becomes most visible.
Alan Walsh is the President of Sentient Jet. He speaks with Carol Massar and Tim Stenovec.

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Kushner Disappoints Mideast Clients Who Spent Millions for Sway

Thu, 14 May 2026 22:11:53 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Jared Kushner, envoy for President Donald Trump, sends WhatsApp messages to royals across the Persian Gulf and has participated in investment meetings at his private equity firm, Affinity Partners.
Affinity Partners manages billions of dollars for Qatar, Saudi Arabia, and the United Arab Emirates, which have agreed to pay Kushner's firm tens of millions of dollars in fees annually.
Kushner's financial interests have created a fraught backdrop as Trump tries to put an end to the biggest foreign-policy crisis of his presidency, with critics saying his twin roles as diplomat and investor have blurred lines between public policy and private profit.

On today's episode, hosts Carol Massar and Tim Stenovec speak with:

David Gillen, Bloomberg News Senior Editor On Kushner Disappoints Mideast Clients Who Spent Millions for Sway
George Mattson, Wheels Up CEO on earnings, Delta partnership
Lizzie Fournier, Bloomberg News Senior Editor On Big Take: Here Is Jeffrey Epstein’s Sprawling Web of Influence

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Mrs. Dow Jones on 'Zillennial' Personal Finance and Building Wealth

Thu, 14 May 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Hosts Carol Massar and Tim Stenovec speak with Haley Sacks: Mrs. Dow Jones and author of 'Future Rich Person'. They discuss her work, personal finance tailored for Gen Z and how young people can build wealth.

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Epstein Island’s Billionaire Owner Is Battling Zealous Voyeurs

Wed, 13 May 2026 21:33:29 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The latest reports from “Little St. Jeff’s,” the notorious Caribbean hideaway of Jeffrey Epstein, are startling.

One recent visitor was allegedly hog-tied naked. Would-be interlopers on jet skis have been chased away. Another, apparently, was bound with duct tape and assaulted in the presence of police officers.

Epstein has been dead for almost seven years, but this strange new drama is now playing out on what was once his private island — Little St. James in the US Virgin Islands. The new owner, distressed-debt billionaire and Black Diamond founder Stephen Deckoff, has been besieged by curiosity-seekers and voyeurs.

On today's episode, hosts Carol Massar and Tim Stenovec speak with:

Sri Natarajan, Bloomberg News Chief Wall Street Correspondent & Ava Benny-Morrison, Bloomberg News Senior Legal Reporter on how the new owner of Jeffrey Epstein's private island has been dealing with curiosity-seekers, voyeurs and other unwanted visitors
Gerry Doyle, Bloomberg News Global Defense Editor on BIG TAKE: China’s Secretive Missile Program Is Making Dozens of Companies Rich
John Connors, CEO of Boathouse on C-suite report about AI and the labor market

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Women, Money, Power: Morgan Stanley's Sherry Paul

Wed, 13 May 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec speak with Sherry Paul, managing director at Morgan Stanley Private Wealth Management and private wealth advisor, alongside Bloomberg News senior editor Claire Obusan on the difference between having money and having money authority as part of our 'Women, Money and Power' segment - charting the generational economic shift toward women.

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eToro CEO Yoni Assia Sees Bitcoin Returning to 'All Time High'

Tue, 12 May 2026 21:33:22 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
On this episode, hosts Carol Massar and Tim Stenovec speak to:

Yoni Assia, eToro CEO on eToro's earnings, the retail trading space and how AI could be reshaping it, and why he's bullish on Bitcoin and crypto
Silla Brush, Bloomberg News Investing Reporter & Kat Doherty, Bloomberg News Finance Reporter on US derivatives exchange CME creating a futures market for computing power
Chris Palmeri, Bloomberg News Senior Editor and Entertainment team leader on big media upfronts
Matt Atkenson, Ford Pro North America Sales & Operations Executive Director on small businesses

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'Cats: The Jellicle Ball' Co-Directors Bill Rauch & Zhailon Levingston

Tue, 12 May 2026 12:30:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

On this episode of Bloomberg Businessweek Daily, hosts Carol Massar and Tim Stenovec speak with Bill Rauch and Zhailon Levingston, co-directors of 'Cats: The Jellice Ball' about their newly reimaging and relaunching of the beloved Broadway musical.

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Angi CEO Jeff Kip & Sally Beauty CEO Denise Paulonis on Earnings

Mon, 11 May 2026 21:22:02 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
On this episode of Bloomberg Businessweek Daily, hosts Carol Massar and Tim Stenovec speak with:

Jeff Kip, CEO of Angi on the company's latest earnings, AI efforts and its outlook on the housing market.
Denise Paulonis, Sally Beauty CEO and President on her company's results, why she thinks lower-end consumers are feeling pressure, and the company's TikTok and social media e-commerce strategies.
Amara Omeokwe, Bloomberg News Federal Reserve reporter on her Big Take and Businessweek feature: Powell Exits With Legacy Built on Central Bank Independence

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Investing in Life Sciences

Mon, 11 May 2026 12:00:00 +0000

Blackstone Life Sciences, which has some $17 billion in assets under management, typically invests in late-stage medicines invented by biotech and pharmaceutical companies in exchange for a royalty on future sales. In 2024, for example, the firm invested as much as $750 million in financing for Moderna’s flu vaccine development.

But Blackstone also wants to own a stake in some companies that it backs.
In late March, Blackstone closed its latest life-sciences fund with $6.3 billion of commitments, the firm’s biggest haul for backing clinical trials of medicines and technologies.

Dr. Jenny Rooke is Founder and Managing Director of Genoa Ventures. She discusses the cross between tech and health with Carol Massar and Tim Stenovec.

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Bloomberg Businessweek Weekend: May 8th, 2026

Sat, 09 May 2026 10:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”

Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Inside the AI Revival of the Infamous Three Mile Island Nuclear Plant

Fri, 08 May 2026 21:14:57 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Businessweek visited Three Mile Island and went inside the training facility preparing for the the plant to come back online as soon as mid-2027. Thanks to a long-term agreement signed by Microsoft Corp. and Constellation Energy Corp. in September 2024, the energy from the plant will power chatbots and other artificial intelligence applications.

All this under a new and baggage-free name: the Crane Clean Energy Center. The agreement commits Microsoft to buying all the electricity produced by the site’s remaining functional 835-megawatt reactor for 20 years.

Today's show features:

Will Wade, Bloomberg Energy Reporter on how Microsoft's vast power demands are bringing together two transformative—and risky—technologies
Christel Rendu de Lint, co-CEO at Vontobel
Daniel Barcelo, Chairman and CEO at T1 Energy on state of energy industry
Michael Gross, SLR Capital Partners Co-Founder and James Crombie, Bloomberg Senior Editor for Credit on state of Private Credit
Meenakshi Lala, CEO at UrbanStems

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The Intersection of Human Psychology with AI

Fri, 08 May 2026 12:00:00 +0000

While today's devices put the world’s information at our fingertips, they do not help us with some of the cognitive skills that are arguably more important to leading a successful life. Combining psychology, artificial intelligence, human computer interaction and neuroscience, the Fluid Interfaces group designs, develops and tests systems and experiences for supporting motivation, attention, memory, learning, creativity, critical thinking, reasoning, communication, sleep quality and emotion regulation.
Dr. Pattie Maes is Professor of Media Arts & Sciences AND Head of Fluid Interfaces Group at the MIT Media Lab. She discusses the intersection between human psychology and large language models.

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C-Suite Conversations on Consumer Health, Earnings

Thu, 07 May 2026 21:27:27 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Elanco Animal Health recently reported upbeat results showing market gains against their key rival in the animal health space, Zoetis. Hosts Carol and Tim speak with Elanco president and CEO Jeff Simmons about the company's earnings and how the animal health industry could serve as a bellwether for consumer health.
Today's show features:

Jeff Simmons, President and CEO at Elanco Animal Health
Gal Krubiner, co-founder and CEO at Pagaya Technologies
Revathi Advaithi, CEO of Flex on Earnings, Spinoff Announcement

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Cathie Wood Talks Elon Musk at Milken

Thu, 07 May 2026 12:00:00 +0000

Cathie Wood, Founder, CEO and CIO of Ark Invest speaks on the latest ventures with Elon Musk, her thoughts on SpaceX's upcoming IPO, and plans to spend $120 billion to build world's biggest chip plant.

She speaks with Carol Massar and Bloomberg Balance of Power co-host Joe Mathieu at the 29th Annual Milken Institute Global Conference in Beverly Hills.

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29th Annual Milken Institute Global Conference Special: Day Three

Wed, 06 May 2026 20:13:52 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Washington Correspondent Joe Mathieu and Bloomberg Businessweek Daily co-host Carol Massar broadcast live from the 29th annual Milken Institute Global Conference in Beverly Hills, California.

On today's show, Joe and Carol speak with:

Fmr. Rep. Ted Deutch, CEO of the American Jewish Committee
Breezy Johnson, US Olympic Gold Medalist Alpine Ski Racer & Trisha Worthington, Chief Revenue and Philanthropic Officer for US Ski & Snowboard
Dr. Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services
Ben Kennedy, NASCAR EVP & Chief Venue & Racing Innovation Officer & Jeff Gordon, NASCAR Hall of Famer/Hendrick Motorsports Vice Chairman

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29th Annual Milken Institute Global Conference Special: Day Two

Tue, 05 May 2026 20:38:55 +0000

On today's show, Joe and Carol speak with:

Steve Mnuchin, Liberty Strategic Capital, Founder and Managing Partner, Former Treasury Secretary under President Trump
Amos Hochstein, Former Middle East Senior Advisor to President Biden
Denise Leonhard, chief of Zelle
Maria Korsnick, Nuclear Energy Institute CEO
Suzanne Clark, US Chamber of Commerce President
Bridgit Mendler, Co-founder and CEO, Northwood

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29th Annual Milken Institute Global Conference Special: Day One

Mon, 04 May 2026 19:50:27 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

On today's show, Joe and Carol speak with:

Ian Bremmer, CEO at Eurasia Group
Bill Ackman, Pershing Square CEO
John Denton, International Chamber of Commerce Secretary General
Senator Angela Alsobrooks (D-MD)

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Magna International CEO Swamy Kotagiri on Earnings & EV Demand

Mon, 04 May 2026 12:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Swamy Kotagiri, chief executive officer of auto supplier Magna International, joins hosts Carol Massar and Tim Stenovec to discuss his company's earnings and to talk about the state of the auto sector and growing demand for EVs.

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Bloomberg Businessweek Weekend: May 1, 2026

Sat, 02 May 2026 10:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”

Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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LIV Golf Seeks New Investors, Brooks Running CEO Dan Sheridan

Fri, 01 May 2026 21:35:24 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

LIV Golf is hunting for new investors after Saudi Arabia ended its ongoing financial support for the loss-making league that briefly challenged the PGA Tour’s supremacy.

In a statement Thursday, LIV Golf announced it had appointed a new board led by turnaround consultants Gene Davis and Jon Zinman and is looking for talks with prospective global investors to help continue the league.

Following weeks of speculation, Saudi Arabia’s Public Investment Fund publicly confirmed its decision to stop funding LIV after the 2026 season, which is scheduled to end in August.

Today’s episode features:

Randall Williams, Bloomberg News US Sports Business Reporter
Christina Stembel, Farmgirl Flowers Founder & CEO on one week out from Mother’s Day
Chris Rovzar, Bloomberg Pursuits Editor on feature: There’s Never Been This Much Pressure for Men to Look Good at 60
Dan Sheridan, Brooks Running CEO

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Mount Sinai Announces Rowan Women's Health Center

Fri, 01 May 2026 12:00:00 +0000

Mount Sinai recently opened the Rowan Women's Health Center with a special focus on women's healthcare. As part of our weekly women's health segment, hosts Carol Massar and Tim Stenovec speak with Dr. Fanny Elahi, MD, PhD, Mount Sinai associate professor of neurology and neuroscience at the Icahn School of Medicine, about the new center, what it offers and how it might impact her work and research.

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Apple Tops Sales Estimates; Wayfair CFO Kate Gulliver

Thu, 30 Apr 2026 22:51:47 +0000

Apple delivered second-quarter revenue that edged past analysts’ estimates, helped by demand for the iPhone and Mac, while failing to produce the blowout results that some investors were anticipating. Revenue gained 17% to $111.2 billion during the period, which ended March 28, the company said in a statement Thursday. Analysts had anticipated $109.7 billion on average. Apple itself had projected sales growth of 13% to 16%.
The company is benefiting from a series of new products launched in March, including the MacBook Neo, iPhone 17e, updated iPad Air models and a fresh MacBook Pro. The $599 Neo — Apple’s first major push into low-cost laptops — has been particularly popular and remains sold out at several retailers.
Still, the results were uneven. Apple fell short of expectations in the Americas and Europe regions, while exceeding projections in China and other parts of Asia. The iPhone — its flagship product — was in line with the average Wall Street estimate.
Today's show features:

Ed Ludlow, Bloomberg Tech co-host
Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
Kate Gulliver, Wayfair CFO

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Viral Videos of Chinese EVs Fuel Envy for Cars Americans Can't Own

Thu, 30 Apr 2026 12:00:00 +0000

Bloomberg News auto reporter Gabrielle Coppola speaks with hosts Carol Massar and Tim Stenovec about her Businessweek story on how social media influencers are drumming up interest from their US-based followers in Chinese EVs.

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Big Tech Special: Meta, Microsoft, Alphabet & Amazon Deliver Earnings

Wed, 29 Apr 2026 22:03:13 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Four of the biggest companies in the US: Alphabet, Amazon, Meta and Microsoft all reported earnings after the bell.

- Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to build artificial intelligence models won’t pay off.

- Microsoft's cloud business reported growth that narrowly beat analysts’ estimates, disappointing investors concerned that the company isn’t fully capitalizing on demand for AI services.

- Amazon spent more than anticipated to expand data center capacity in the quarter, fueling the fastest sales growth for its cloud unit in more than three years.

- Alphabet (GOOGL) reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant’s unprecedented investments in AI infrastructure are beginning to pay off.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

Ed Ludlow, cohost of Bloomberg Tech
Ron Westfall, HyperFRAME Research Infrastructure and Networking VP & Practice Leader
Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
Matt Day, Bloomberg News Technology Reporter

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Instant Reaction: Jay Powell on the Fed Decision

Wed, 29 Apr 2026 20:07:38 +0000

Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.

While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.”

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Instant Reaction: Fed Holds Rates, Three Officials Dissent

Wed, 29 Apr 2026 18:58:09 +0000

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.Four officials voted against the decision, including three who objected to language in their post-meeting statement that suggested the central bank would eventually resume cutting rates.

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AI Legal Firm Manifest OS Raises Funds at $750 Million Value

Wed, 29 Apr 2026 12:00:00 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Manifest OS, a startup selling AI software to lawyers, has sealed a $60 million Series A funding round valuing it at $750 million.

Investors in the round include Menlo Ventures, Kleiner Perkins, First Round Capital and Quiet Capital, according to a statement reviewed by Bloomberg News.Manifest OS was founded by Dan Mishin, an entrepreneur who said he spent tens of thousands of dollars on the legal paperwork to become a US citizen. He said his company’s mission is to “end the billable hour” to make legal services accessible to all.

Manifest OS founder and CEO Dan Mishin talks to hosts Carol Massar and Tim Stenovec about his firm's latest funding round and how it's using the emerging technology in the legal world.

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OpenAI-Linked Stocks Slip; Investors Focus on AI Ahead of Big Tech Earnings

Tue, 28 Apr 2026 21:23:39 +0000

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A constellation of artificial-intelligence stocks dropped after OpenAI reportedly failed to meet its sales and user targets, rekindling doubts that the hundreds of billions of dollars that big companies are plowing into the technology will deliver sufficient profits anytime soon.

The report dragged down the stocks of companies that have cut investment and business deals with OpenAI, which helped unleash the stock-market’s AI boom after the release of ChatGPT more than three years ago.

The reported miss by OpenAI revived worries that have shadowed the stock market periodically for months as technology giants like Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Alphabet Inc. invest heavily in AI and stocks have rallied on the back of it.
Today's show features:

Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
Sarah Frier, Bloomberg News Big Tech Team Leader
Rachel Metz, Bloomberg News AI Reporter
Mitch Berlin, EY Americas Vice Chair, EY-Parthenon on state of the C-suite amid geopolitical uncertainty and questions about AI

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Environmentally Sustainable Wines

Tue, 28 Apr 2026 12:00:00 +0000

Opici Wines & Spirits Opici Wines & Spirits is a fourth-generation importer and producer with family roots in the wine business dating back to 1913. Led by Don Opici as CEO, the company features a growing portfolio of over 50 brands from around the world. The philosophy behind the Opici name remains the same today as it was over 100 years ago: a commitment to excellence, quality, and building meaningful relationships with customers, suppliers, and employees.

Chris Wirth is the Director of Sustainability at Opici Wines & Spirits. He discusses the different ways wineries can be considered Sustainable and the inventive things that wineries are doing to become more environmentally friendly.

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Gala Shooting Suspect Charged With Trying to Assassinate Trump

Mon, 27 Apr 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A California man has been charged with trying to kill US President Donald Trump during an attack on a Washington gala dinner over the weekend.Cole Tomas Allen, 31, made his first appearance in federal court on Monday. He is also being charged with gun offenses.

Allen will remain in custody for now. A detention hearing is set for later this week.Allen was wrested to the ground outside of the ballroom at the Washington Hilton where the White House Correspondents’ Association annual dinner was taking place Saturday evening.
Administration officials have said Allen was trying to storm the event to target top US officials, including President Donald Trump, who was attending the event. Trump and Vice President JD Vance were evacuated.

Allen’s exact targets and motives weren’t clear, although he did send a lengthy manifesto to family members that was seen by Bloomberg where he appeared to blast Trump as a “traitor” who committed crimes.

Today's show features:

Myles Miller, Bloomberg News Senior National Reporter
Angela Stent, Senior Fellow at the American Enterprise Institute
Thomas Black, Bloomberg Opinion Columnist on US Airlines Tie Up
Stuart Paul, Bloomberg Economics US and Canada Economist on FOMC Preview

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Everything is Flying: How Space Tech Shapes Earth

Mon, 27 Apr 2026 12:00:00 +0000

The Earth spins, the Moon orbits, and the Sun pulls us through the galaxy. But humans haven't just watched from below; we've learned to understand that motion-and put it to work.

In Everything Is Flying, Space Network COO Ross Hamilton reveals how human ingenuity transformed curiosity about the sky into the systems that power modern civilization. More than just the history of space exploration, this is the timeline of how orbit was harnessed and how space technology now forms the infrastructure of modern world.

He speaks with Bloomberg's Carol Massar, Tim Stenovec, and Ed Ludlow.

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Bloomberg Businessweek Weekend: April 24th, 2026

Sat, 25 Apr 2026 10:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”

Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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DOJ Drops Powell Probe, Smoothing Path for Warsh to Lead Fed

Fri, 24 Apr 2026 22:35:55 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

The Justice Department is ending a controversial investigation into building-renovation cost overruns at the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next chair of the central bank.

Jeanine Pirro, US Attorney for the District of Columbia, said in a social media post Friday the Fed’s Office of Inspector General had been asked to scrutinize the cost overruns. She said she expects a report soon on the findings.

“I have directed my office to close our investigation as the IG undertakes this inquiry,” Pirro said in the post. “Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so.”

The Fed’s OIG is already conducting a review of the renovation of the central bank’s headquarters, which it opened last year at the request of Fed Chair Jerome Powell. US Treasuries edged slightly higher following the announcement, with shorter-dated notes leading gains as some traders bet a Warsh-led Fed would be more inclined to cut interest rates. The two-year yield fell five basis points to 3.78%.

The White House said in a statement “American taxpayers deserve answers about the Federal Reserve’s fiscal mismanagement, and the Office of the Inspector General’s more powerful authorities best position it to get to the bottom of the matter.”

Today’s show features:

Michael McKee, Bloomberg News International Economics & Policy Correspondent
Grindr CEO George Arison on earnings and the company sponsoring the White House Correspondent Dinner Event
Joshua Green, Bloomberg Businessweek National Correspondent, on Thomas Massie Gaining Ground with MAGA Base
Ian King, Bloomberg News US Semiconductor Reporter on Intel and Texas Instruments
Barbara Humpton, CEO at USA Rare Earth

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Women Lose Significant Bone Density During Menopause

Fri, 24 Apr 2026 12:00:00 +0000

Doug Lucas, is a double board-certified physician in Orthopedic Surgery and in Anti-Aging & Regenerative Medicine, specializing in Osteoporosis Reversal, Hormone Replacement, and HealthSpan optimization. After completing his training at Stanford University and practicing nearly a decade as an orthopedic surgeon, Dr. Doug left surgery to pursue an additional fellowship and board certification in Anti-Aging and Regenerative Medicine.

Dr. Doug shares his passion for education and disease prevention. While he champions health and hormone optimization for all, his mission is especially focused on educating the world that osteoporosis is both preventable. He speak with Bloomberg's Carol Massar and Tim Stenovec.

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US Reduces Marijuana Restrictions in Lift to Ailing Industry

Thu, 23 Apr 2026 22:14:25 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US Justice Department reclassified state-regulated marijuana as a less dangerous drug, a major shift that could increase legal cannabis sales and help a struggling industry.

The directive signed by acting Attorney General Todd Blanche moved licensed marijuana products from Schedule I — the same federal category as heroin and LSD — to the less strictly controlled Schedule III. The action stops short of fully legalizing the drug for recreational use nationwide, but it meets the demands of many advocates who have long argued for looser restrictions.

The move is likely to make operations easier for cannabis companies, including potentially gaining greater access to the banking system and reducing taxes, and bolster medical research with the drug. The US industry, which includes public firms, has been trying to revive growth in recent years after an initial surge last decade.

Shares of firms that sell marijuana products initially gained after the announcement, but then reversed course. The AdvisorShares Pure US Cannabis ETF declined as much as 15%. The drop for Curaleaf Holdings Inc., one of the largest US cannabis companies, hit 24%.

The order narrowly applied to medical use of cannabis only, rather than broadly addressing adult recreational usage, which “might also be causing some confusion,” Aaron Grey, an analyst with Alliance Global Partners, said in an interview.

Today's show features:

Curaleaf CEO Boris Jordan
Bloomberg Tech co-host Ed Ludlow on tech news roundup
Florian Ielpo, Head of Macro at Lombard Odier Investment on market reaction to Iran/geopolitics and inflation outlook latest
George Ferguson, Bloomberg Intelligence Senior Defense and Airlines Analyst on Airlines

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Iran Satellite Data Reveal Scale of US-Israeli Strikes

Thu, 23 Apr 2026 12:00:00 +0000

With Iran's fragile ceasefire expiring on Wednesday, new Bloomberg satellite data analysis reveals the scale of US-Israeli strike damage and the heightened stakes of a return to all-out war.

Krishna Karra, is Bloomberg News Senior Satellite Imaging reporter. He discusses how they received access to these images and the extent of what they learned about the strikes in Iran.

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No Peace, No War — the New US-Iran Normal

Wed, 22 Apr 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

In another reversal, US President Donald Trump announced a unilateral, open-ended extension of the ceasefire in the Iran war. Now, there’s no peace, but no active war either. This may become the new normal: a fragile ceasefire without a formal deal, with tensions simmering, sporadic flare-ups, and oil near $100.

Indefinite Extension

The US and Iran were discussing returning to talks in Islamabad on the eve of the two-week ceasefire deadline. Trump warned he was unlikely to extend the truce and would resume bombing Iran if they failed to show. Tehran held its line: no talks while the US blockade remained.

That pointed to a return to hostilities unless someone blinked. Trump blinked first. The political cost of war was rising for the US, as was its economic toll. The prospects for a win were becoming more elusive by the day. Tehran’s goal remains the same: survival and imposing a global cost for the war. It can’t afford to blink, and it didn’t.

What does this mean for the war? There’s no deal so there’s no lasting peace. There’s no high-intensity war either. Instead, the war may be settling into a prolonged middle ground:

No formal end to the hostilities between the US/Israel and Iran because the underlying differences remain unresolved. These include issues such as Iran’s nuclear program, the Strait of Hormuz, and Lebanon.
Escalation, on the other hand, is costly. It draws the US deeper into a conflict it doesn’t want and more entrenched in a region it would prefer not to focus on. Tehran, weakened but also emboldened, will hold the Strait of Hormuz and the global economy hostage. And Arab Gulf states are likely to face renewed attacks.

Today's show features:

Ray Takeyh, Senior Fellow for Middle East Studies at Council of Foreign Relations
Seth Jones, President of Defense and Security Department at CSIS on Defense and Counterterrorism measures in Iran War
Jay Hatfield, CEO and CIO at Infrastructure Capital Advisors
Seth Fiegerman, Bloomberg AI Editor on SpaceX Has Deal for Right to Acquire Cursor for $60 Billion
Michael Stivala, President & CEO at Suburban Propane

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Sacramento as New Hub for Semiconductor Job Growth

Wed, 22 Apr 2026 12:00:00 +0000

As Washington battles over tariffs and supply chains, and Wall Street fixates on AI infrastructure, a new tech cluster is quietly thriving – and it’s not in Silicon Valley. It’s California’s state capital: Sacramento. The city – less than 90 miles from the Bay Area – is seeing unprecedented industry momentum (it’s home to nine global chips companies and offers 26x more semiconductor growth capital than the U.S. average). Greater Sacramento is outpacing the Bay Area in semiconductor job growth: According to the Greater Sacramento Economic Council, the region is expected to exceed state averages in GDP growth and job creation through 2026 — and is the #1 California market for semiconductor growth.

Barry Broome is President and CEO of the Sacramento Economic Council. He discusses how Sacramento is a new CA hub for tech/industry as the Bay Area remains pricy and businesses deal with continued regulations. He speaks with Carol Massar and Tim Stenovec.

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Kevin Warsh Pledges Independence But Dodges Questions on Rates

Tue, 21 Apr 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Kevin Warsh repeatedly pledged to act independently if he’s confirmed as the next Federal Reserve chair, rejecting Democratic concerns he would be a “sock puppet” for President Donald Trump, who continues to demand lower interest rates.

Warsh, in testimony before the Senate Banking Committee Tuesday, called for a slew of changes to the way the US central bank makes its decisions, including a new framework for dealing with persistent inflation and a new way of communicating with the public. But he provided few specifics and avoided answering questions about the near-term path of interest rates.

He also insisted the president never asked him to commit to any particular rate decision.“The president nominated me for the position, and I’ll be an independent actor if confirmed as chairman of the Federal Reserve,” Warsh said, in response to questions from Democrats about how he planned to handle pressure from Trump.

In her opening remarks, the senior Democrat on the panel, Senator Elizabeth Warren said Warsh would be Trump’s “sock puppet” at the Fed.

“Kevin Warsh hit all the right notes to reassure his supporters on the committee that he will push forward his idea of regime change at the Fed,” Joseph Brusuelas, chief economist at RSM. “He said nothing that will disrupt his path to being approved, if it makes it to the floor of the Senate.”

Treasuries fell as strong economic data and higher oil prices prompted traders to scale back rate-cut expectations, overshadowing testimony from Warsh. The policy-sensitive two-year note climbed as much as seven basis points to 3.79% as US crude oil rose back above $90 a barrel.

Today's show features:

Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent on Kevin Warsh's Hearing
Jitania Kandhari, Deputy CIO of Solutions and Multi-Asset Group at Morgan Stanley Investment Management
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, on Apple Names John Ternus as new CEO
Samantha Dart, Co-Head of Global Commodities Research at Goldman Sachs
Anil Chakravarthy, President of Digital Experiences Business at Adobe on the company’s Agentic AI Strategy

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Better For You Snacking

Tue, 21 Apr 2026 12:00:00 +0000

Lauren Berger and Marla Felton are the founders of REAL Cookies who are on mission to make healthier snacks for kids and adults through tasty gluten and grain-free, plant-based cookies. Bringing their knowledge of real food and real ingredients to their community, Lauren & Marla, introduced Real Food is Fuel, a nutrition label curriculum to elementary students, grades 2-5. Now, they have taken the brand from Pandemic startup to securing a strategic merger with Creations Foods USA Inc. to create a new, vertically integrated consumer packaged goods (CPG) platform dedicated to healthier, better-for-you snacking across North America.

Creations Foods owns such brands as HighKey Snacks, a manufacturer of high protein, low carbohydrate snacks formulated with reduced sugar; Moon Cheese, a manufacturer of baked cheese snacks; Aw Yeah Snacks, a manufacturer of cookies that feature bold and intense flavors; and now Real & Real Cookie Poppers, dairy-free, gluten and grain-free cookies that are formulated with minimal ingredients. They speak with Bloomberg's Carol Massar and Tim Stenovec.

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Trump Aims to Seal Iran Deal, Says Truce Extension Unlikely

Mon, 20 Apr 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump said he’s not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to conclude a deal to end the war.

Trump said in a Monday phone interview that the truce, which he announced April 7, expires on “Wednesday evening Washington time” — possibly buying more time for negotiations. But the president also said it’s “highly unlikely that I’d extend it” if no deal is reached before then.

“I’m not going to be rushed into making a bad deal. We’ve got all the time in the world,” the president said.In the interview, Trump reiterated that the Strait of Hormuz would stay blockaded for now, saying “the Iranians desperately want it opened. I’m not opening it until a deal is signed.” Iran previously said it would open the critical waterway for energy supplies to international shipping, but reversed that decision in light of Trump’s refusal to follow suit.

Details about the next negotiating session, expected to take place in Pakistan, started to came into focus on Monday. Iran is also sending a team, according to people familiar with the plans who declined to be identified, although it is not clear who would lead the delegation. Earlier, Tehran said it was hesitant to participate in further peace talks with the US.
Today's show features:

Jeff Mason, Bloomberg News Washington and White Correspondent on his conversation with President Trump & Stuart Paul, Bloomberg Economics US and Canada Economist to Preview Kevin Warsh Hearing
Rich Weiss, American Century Investments Chief Investment Officer of Multi-Asset Strategies
Dina Bass, Bloomberg News AI Infrastructure Reporter on Google Bets on New AI Chips
Kabir Nath, CEO at Compass Pathways, on President Trump Signs EO to Ease Psychedelic-tied Therapies Access

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Quince’s $50 Cashmere, Supply Chain Savvy Beat E-Commerce Curse

Mon, 20 Apr 2026 12:00:00 +0000

The consumer price index has risen quickly since early 2020, with some categories seeing steeper price increases, making it hard for consumers to avoid feeling swindled. Quince, an online retailer, has found success by selling low-cost "luxury" goods, cutting out middlemen, and using data analysis and close relationships with manufacturers to keep prices low.

Amanda Mull, Bloomberg Businessweek Senior Reporter writes how Quince's approach to logistics, shipping merchandise directly from manufacturers to customers, has enabled the company to undercut competitors' prices and achieve efficiency unheard of among large apparel retailers.

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Bloomberg Businessweek Weekend - April 17th, 2026

Fri, 17 Apr 2026 22:00:00 +0000

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Trump Says Iran to Suspend Nuclear Program, Open Hormuz Strait

Fri, 17 Apr 2026 20:08:18 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said Iran agreed to suspend its nuclear program indefinitely, and will not receive any frozen funds from the US.Trump said in a phone interview on Friday that a deal to end the war, which the US and Israel began with Iran in late February, is mostly complete. Talks over a lasting agreement will “probably” be held this weekend, the president said.

“Most of the main points are finalized. It’ll go pretty quickly,” Trump said.Iran has yet to comment on any deal beyond the Strait of Hormuz opening, nor on claims made by Trump on Thursday that Tehran had offered concessions — including over the key issue of its nuclear program.
Oil, fuel and natural gas prices plunged on hopes that the latest developments would mean more energy supplies can finally transit safely through the strait.

Brent crude fell more than 10% to trade below $89 a barrel by 12:41 p.m. in New York and wiped out most of its gains since the onset of the war. Diesel prices in Europe and the US led the move lower in the energy complex.

Trump said he hasn’t decided who would lead a US delegation for talks with Iranian officials to sign an agreement. Asked if he would travel to Pakistan, which hosted the last round of negotiations, the president said, “I may.”

JD Vance led discussions with Iranian officials last weekend, and Trump said the vice president, his son-in-law Jared Kushner, and envoy Steve Witkoff were candidates to attend additional talks.

Today's show features:

Spencer Faragasso, Institute for Science and International Security Senior Fellow
on Trump Says Iran Agrees to Suspend Nuclear Program
Felix Gillette, Bloomberg News Media and Entertainment Editor on continued Netflix earnings reaction, Reed Hastings departure
David Busch, Trajan Wealth CEO & CIO on the macro shift and oil shock
Nick Wadhams, Bloomberg News National Security Team Leader on Trump’s $1.5 Trillion Pentagon Budget Raises Some GOP Eyebrows

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'C The Signs': Early Cancer Detection Using AI

Fri, 17 Apr 2026 12:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol and Tim speak with Dr. Bea Bakshi, co-founder and CEO of C the Signs, an early cancer detection platform that uses AI as part of our weekly women's health segment.

See omnystudio.com/listener for privacy information.

Schwab Considering Prediction Markets, Netflix Earnings

Thu, 16 Apr 2026 21:48:51 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Charles Schwab is likely to launch prediction markets linked to financial events as competitors including Robinhood Markets Inc. expand their presence in the space.Schwab is “taking a hard look” at prediction markets, Chief Executive Officer Rick Wurster said on a conference call Thursday, but would stay away from allowing customers to place wagers on sports or pop culture given the firm’s focus on building clients’ long-term wealth.

“Prediction markets that are not aligned to that are not something we want to pursue,” Wurster said on the call with analysts to discuss first-quarter results.

Retail investors can already access prediction markets via a number of platforms, including Robinhood, Kalshi, Polymarket and Interactive Brokers Group. The majority of event-based wagering centers around sports, which Wurster said Schwab won’t offer.

This episode features:

Schwab CEO Rick Wurster on earnings, prediction markets, financial sector health
Verena Ross, European Securities and Market Authorities Chair
Margi Murphy, Bloomberg News Cyber Reporter on Anthropic's race to assess the dangers of its new AI-model Mythos
Eric Clark, Accuvest Global Advisors CIO and LOGO ETF Portfolio Manager

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Navan's AI Travel-Booking Tools Displace Legacy Providers

Thu, 16 Apr 2026 12:00:00 +0000

There are many different narratives around travel uncertainty and issues, stretching from TSA staffing to storms to the war in Iran and its impact on the airline industry. Many of them are false or at least as it relates to business travel. Navan's agentic-AI tools, which ease the customer experience and can deliver up to 15% median savings on travel budgets, should continue to disrupt legacy providers in the corporate-booking space -- as evidenced by the company turning free-cash-flow positive on the back of 4Q's 42% gross bookings volume growth. Management noted no current impact on the business from the geopolitical environment or TSA disruptions.

Ariel Cohen is CEO at Navan. He discusses the data into the health of the corporate traveler.

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Fed’s Beige Book Says War Lifts Uncertainty for US Companies

Wed, 15 Apr 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US economic activity continued to increase at a slight-to-modest pace across most regions as the war with Iran generated a new wave of uncertainty and higher energy costs, the Federal Reserve said.

Price growth remained moderate overall, but energy and fuel costs rose sharply in all 12 Fed districts, the central bank reported in its Beige Book survey of regional business contacts released Wednesday.

“The conflict in the Middle East was cited as a major source of uncertainty that complicated decision-making around hiring, pricing and capital investment, with many firms adopting a wait-and-see posture,” the Fed said.
The report featured information compiled by the New York Fed and collected through April 6, capturing the early effects of the war on the US economy.The report also noted that price pressures were bleeding beyond energy.

“Energy and fuel costs rose sharply in all districts, attributed to the Middle East conflict, leading to higher freight and shipping costs and higher prices for plastics, fertilizers and other petroleum-based products,” the Fed said. “Input cost pressures beyond energy-related increases were also widespread.”

The oil shock spurred by the conflict has sent gasoline prices in the US to their highest level since 2022, leading US inflation to jump in March. Several Fed policymakers have signaled a preference to keep borrowing costs steady for quite some time while they evaluate the economic data. Officials are expected to leave their benchmark rate unchanged when they meet on April 28-29, according to pricing in futures contracts.

Today's show features:

Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent on Fed's Beige Book
Nicola Willis, New Zealand Finance Minister, on how inflation will go 'much higher' if Iran war drags on
John Roberts, analyst at Mizuho, on the global chemicals market
Jennifer Rie, Bloomberg Intelligence Senior Antitrust Litigation Analyst on Live Nation Illegally monopolized ticketing market.
Michael Ha, Baird Senior Research Analyst and Avalon Pernell, Bloomberg News Equities Reporter on UnitedHealth’s Last Bear Stands Pat After Medicare Rate Hike

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Amex Platinum, Chase Sapphire Perks Fuel Health Gadget Craze

Wed, 15 Apr 2026 12:00:00 +0000

As credit card companies with lofty fees compete for affluent consumers, the hottest new perks are wearable devices for tracking health, fitness and sleep. After lifting annual dues for their top-tier cards, JPMorgan Chase & Co. and American Express Co. rolled out typical benefits like hotel, dining and travel credits. But there were also more unexpected bonuses: American Express added a $200 credit toward an Oura Health Oy smart ring to the Platinum Card, while Chase included a $359 rebate for Whoop Inc.’s fitness bands for Sapphire Reserve holders. The promotions are generating results, pushing users to sign up for the latest credit cards and join the wearables craze for the first time.

Cam Baker, Bloomberg News Breaking News Editor discusses with Bloomberg's Carol Massar and Tim Stenovec.

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Bank Earnings Offer Little Cause for Alarm on Private Credit

Tue, 14 Apr 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bank results so far show that private credit woes remain contained, with executives offering words of calm for nervous investors.

First, there are no big red flags in the aggregate credit loss provisions from the four big banks that have reported so far, including Wells Fargo. The measure, where stress typically starts to show, is tracking higher for some lenders -- for instance, Goldman attributed the increase to “growth and impairments related to wholesale loans,” yet the overall number remains very modest compared to peers.

Citi’s worse-than-expected provisions were tied to US consumer card losses and a firmwide reserves build amid the uncertain macro environment, but its measure is only the highest since 2Q 2025. That has also been offset by JPMorgan’s lower-than-estimated provisions.
Taken altogether, the combined bad debt forecast tally is so far smaller than feared for the quarter and more modest than it was during the same period last year.

Banks went further to disclose at least $100 billion of specific exposure to private-credit firms, with Citi saying that it’s had zero losses over the life of the portfolio. Its executives noted on the call that the bank has strong protections in place, including a prudent approach to reserves, which it continues to constantly stress test.

For his part, JPMorgan CEO Dimon said he’s “not particularly worried” about private credit after the bank disclosed a $50 billion exposure. Goldman CEO David Solomon also defended the industry on Monday.

The remarks and moderate credit provisions so far should give investors some comfort that strains from private credit remain limited so far -- something that other parts of the credit market have been signaling as well.

Today's show features:

Herman Chan, Bloomberg Intelligence Senior Analyst, US Banks & Joe Hegener, Asterozoa Capital CIO & Founder on Bank Earnings
Alli McCartney, Alignment Partners at UBS Managing Director of Wealth Management on latest market reaction
Adam Farrar Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific on US's Blockade on Iran
Sid Philip, Bloomberg News Chief Correspondent for Global Aviation on United CEO Pitched Trump on Possible Tie-Up with American Airlines

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Celebrating 10 Years of Magnus Cigar Blend Whiskey

Tue, 14 Apr 2026 12:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

CraftCo CEO Ali Anderson joins Tim Stenovec and Emily Graffeo to discuss her brands diverse portfolio of innovative craft spirits including celebrating a big anniversary for its Magnus Cigar Blend whiskey.

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Trump Says Iran Reached Out on Deal, US Begins Hormuz Blockade

Mon, 13 Apr 2026 21:33:44 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said Iran reached out to his administration over peace negotiations, as the US began a naval blockade of the Strait of Hormuz in the war’s seventh week.Even as Trump sought to jawbone negotiations back on track, there were few signs that was taking place after weekend negotiations failed in Islamabad. Iran blamed the collapse of talks on the US and Tehran has not confirmed further discussions on Monday.

“We’ve been called this morning by the right people, the appropriate people, and they want to work a deal,” Trump said at the White House, without elaborating on who participated in the conversation.
Trump spoke hours after the US moved to cut off vessels from transiting the vital waterway to and from Iranian ports and coastal areas, which could further inflame tensions amid the global energy crisis.

The US president once again claimed that negotiations had failed due to Iran’s insistence on maintaining a nuclear program. Trump said he was “sure” Iran will eventually agree to abandon nuclear ambitions, and reiterated there would be no deal without that concession.
This episode features:

Michelle Jamrisko, Bloomberg News White House & National Security Editor
Marc Champion, Bloomberg Opinion Columnist on Hormuz Blockade Is a Throwdown the US Can't Win: Marc Champion
Michael Ventura, Co-Head of US Equity Capital Markets at RBC on Wave of $15 Billion US IPOs Runs Headlong Into War’s New Phase
Jamil Jaffer, National Security Institute Founder & Executive Director

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Blitzer-Backed PE Firm Raises $400 Million for Sports Bets

Mon, 13 Apr 2026 12:00:00 +0000

Sports-focused private equity firm 154 Partners, backed by Blackstone Inc. veteran David Blitzer, wrapped up fundraising for its debut vehicle with $400 million.

The firm hit its hard fundraising cap, according to a statement Wednesday from 154 Partners, which makes investments on the lower end of the middle market.
Blitzer, who previously led Blackstone’s Tactical Opportunities unit, is a member of 154 Partners’ investment committee along with co-founders Isaac Harrouche and Mike Berlin, who both worked with him at Tac Opps. Harrouche and Berlin launched 154 Partners last year to back smaller, family- or operator-owned companies in sports, live events, residential services and business services.

154 Partners co-founders Isaac Harrouche and Mike Berlin join to discuss the round of funding and where in the sports space they're looking to invest. They speak with hosts Tim Stenovec and Emily Graffeo, in for Carol Massar.

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Bloomberg Businessweek Weekend - April 10th, 2026

Fri, 10 Apr 2026 22:00:00 +0000

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Trump Threatens Iran as Vance Heads to Pakistan for Peace Talks

Fri, 10 Apr 2026 21:43:43 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump ramped up pressure on Iran as Vice President JD Vance traveled to Pakistan for talks to end the war, with Israeli airstrikes in Lebanon and the Strait of Hormuz’s effective closure looming over diplomatic efforts.

Trump posted on social media Friday that Tehran’s only leverage is “short term extortion of the world by using International Waterways” — a reference to Hormuz, a critical shipping lane for oil and natural gas that remains largely shut, raising global energy prices. Trump declared that the “Iranians don’t seem to realize they have no cards.”

While the two-week ceasefire was broadly holding across the Middle East, the situation with the strait and continued fighting between Israel and Hezbollah in Lebanon threatened to complicate negotiations due to begin over the weekend in Islamabad.

Iranian Parliament Speaker Mohammad-Bagher Ghalibaf insisted in a social media post that a ceasefire in Lebanon is one measure that “must be fulfilled before negotiations begin.” The other is the “release of Iran’s blocked assets,” he added, without being more specific.

This episode features:

Jeff Mason, Bloomberg News Washington and White House Correspondent
Humayun Tai, McKinsey Global Energy & Materials Practice Senior Partner & Leader
Todd Gillespie, Bloomberg News Banking Reporter on Treasury Secretary Scott Bessent and Federal Reserve chair Jay Powell convening an urgent meeting with Wall Street leaders on the latest AI model from Anthropic
Drive to the Close with Jed Ellerbroek, Argent Capital Management Portfolio Manager

Hosted by Tim Stenovec and Emily Graffeo, in for Carol Massar

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Who Knew Newsom Was Such an Economic Maestro?

Fri, 10 Apr 2026 12:00:00 +0000

Of all the prevailing media narratives around Gavin Newsom, the one that is most conspicuous by its absence is how under its two-term governor California became the top performing economy not just among its 49 siblings but also any developed nation. No wonder Elon Musk quietly sought Newsom’s help when the world’s richest man sought to move a bunch of Tesla Inc. engineers back to the state after relocating them to Texas. Amid the thousands of headlines referencing California failings with wildfires, droughts, floods, mass transportation, aging roads, education, homelessness, unaffordable housing, widening inequality and poverty along with the exodus of billionaires, corporate headquarters and longtime residents -- never mind the “slick” label whenever the betting favorite for the 2028 Democratic presidential nomination is mentioned in the press – the Golden State (population 39 million people), just supplanted Japan (123 million) as the fourth-largest economy.

Matthew Winkler, Bloomberg News Editor-in-Chief Emirtus discusses how California's economy has grown faster than either China or Germany... And picking up steam.

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Intel Wins Google Promise to Keep Using Xeon in Data Centers

Thu, 09 Apr 2026 20:17:56 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Intel Corp., trying to promote the use of its technology in data centers, said Alphabet Inc.’s Google has committed to using future generations of its Xeon processors and other chips.

As part of the multiyear agreement, announced Thursday, the search engine giant will customize Intel’s IPUs, or infrastructure processing units. These chips handle functions such as networking, security and storage. The companies didn’t disclose financial details or purchase commitments.
The deal is part of a push by Intel to better capitalize on the build-out of artificial intelligence infrastructure. Getting a bigger slice of data center spending is critical to a comeback bid under Chief Executive Officer Lip-Bu Tan.Intel’s stock rose as much as 3.6% in New York trading, adding to a rally of about 20% this week. The shares have also benefited from an announcement that the chipmaker will help Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc., SpaceX and xAI.

Xeon once commanded a market share of more than 99%, making it the chief source of profit for what was then the world’s largest semiconductor maker. In the last few years, Intel has lost ground to rivals such as Advanced Micro Devices Inc. and in-house efforts by customers — including Google.

One trend is working in Intel’s favor: Central processing units, its hallmark product, are increasingly seen as critical to artificial intelligence computing. Though Nvidia Corp.’s AI processors are still the workhorses of this infrastructure, there’s growing demand for general-purpose CPUs to help everything run smoothly.

Today's show features:

Ian King, Bloomberg News US Semiconductor Reporter
Ed Fishman, Columbia University Senior Research Scholar and Professor
Jeff Mason, Bloomberg News Washington and White House Correspondent
Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent
Sarah Hunt, Alpine Saxon Woods Chief Market Strategist

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Ferraris, Advil and AI Chips: 10 Companies to Watch Right Now

Thu, 09 Apr 2026 12:00:00 +0000

Following Bloomberg Intelligence's list of 50 Companies to Watch in January, Tim Craighead, Bloomberg Intelligence Senior European Strategist and Director of Research-Content discusses 10 names you should know—for better or worse—in the second quarter. Bloomberg Intelligence analysts have identified the most interesting names from their group of high-confidence Focus Ideas. Spanning sectors and regions, each scenario outlines a catalyst in the next few months that supports our case.

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Fed Minutes Show Officials Saw Two-Sided Risks From Iran War

Wed, 08 Apr 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A growing number of Federal Reserve officials worried the Iran war could further stoke inflation and wanted to make clear following their March meeting that the central bank may have to consider raising interest rates.

Minutes of the Federal Open Market Committee’s March 17-18 meeting, released Wednesday in Washington, showed policymakers wrestled with starkly differing scenarios for the US economy following the outbreak of the Iran war, and the policy reactions that might follow.
Most officials worried a protracted war could hurt the labor market and warrant lower interest rates. At the same time, many policymakers highlighted the risk to inflation that might ultimately warrant rate increases.

Officials in the latter camp appeared to become more strident, urging their colleagues to consider adding language to their post-meeting statement that raised the scenario of hiking rates under certain conditions.

“Some participants judged that there was a strong case for a two-sided description of the committee’s future interest-rate decisions in the post-meeting statement, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation were to remain at above-target levels,” the minutes said.
Echoing those concerns, the minutes noted the “vast majority” of officials thought it may take longer to return inflation to the Fed’s 2% goal.

At the meeting, officials held the Fed’s benchmark policy rate in a range of 3.5% to 3.75% at that gathering.

Today's show features:

Michael McKee, Bloomberg International Economics and Policy Correspondent, breaks Fed Minutes
Matthew Luzzetti, Deutsche Bank Chief US Economist and Head of US Economic Research
Dr. Ed Husain, Senior Fellow at the Council on Foreign Relations
Michelle Gass, Levi's President & CEO on Levi Boosts Outlook as Direct-to-Consumer Strategy Pays Off

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The Tumultuous Rise of American Sports Gambling

Wed, 08 Apr 2026 12:00:00 +0000

DraftKings and FanDuel are thriving—but lax regulations, understaffed “responsible gambling” departments, and lack of resources for gambling addicts can make sports betting platforms uniquely insidious. For many users, this new 'vice' has cost them thousands, sometimes millions, while other profit. Danny Funt, Sports Journalist and author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling' discusses the unsettling truth about America's sports betting boom and how it can cost people everything they have.

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Trump Threatens 'All Hell' as 8pm Deadline Looms

Tue, 07 Apr 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump has threatened “all Hell” will rain down on Iran if it doesn’t agree to a ceasefire that reopens the Strait of Hormuz by 8 p.m. Eastern time on April 7. Is this a bluff intended to push Tehran to the negotiating table, or a credible threat?

With the deadline nearing, Iran rejected the latest US proposal for a deal to end the war and continued regional strikes. Trump intensified his threats — warning a “civilization will die tonight” — and the US reattacked Iran’s Kharg island. Further escalation appears more likely than negotiations. That’s consistent with our base case that the war will see a sharp escalation followed by a shift to lower-intensity fighting.

Treasuries fell amid mounting oil prices in the run-up to US President Donald Trump’s late-Tuesday deadline for Iran to agree to terms for ending American attacks.

The declines lifted yields by as much as five basis points, with long-maturity tenors rising most. Ten- and 30-year yields reached session highs against an array of conflicting signals about whether Trump’s threats of mass destruction are likely to come to pass.

Oil prices — a principal driver of Treasury yields since the US assault on Iran began Feb. 28 — rose, US benchmark West Texas Intermediate crude futures by as much as 4.6% from Monday’s multi-year high close. Yields reached year-to-date highs in late March as energy prices mounted, however they retreated from those levels amid mounting fears the oil shock will hit economic growth.

Today's show features:

Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst
Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO
Michael Gross, SLR Capital Partners Co-Founder
Sastry Durvasula, TIAA Chief Operating, Information and Digital Officer

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I Bottled My Mother: The Mrs. Meyer’s Story: Grit, Grime & Growing a Business'

Tue, 07 Apr 2026 12:00:00 +0000

Meet Mrs. Meyers: the 93-year-old woman who gave birth to nine children in ten years and inspired a legacy line of household cleaning products. One of her children decided to reinvent the tired, toxic, and boring category of household cleaning products by creating her own competition, in her mother's inspiration.

Monica Nassif, is founder of Mrs. Meyer's Clean Day and author of the new book, 'I Bottled My Mother: The Mrs. Meyer’s Story: Grit, Grime & Growing a Business'. She discusses tips of building a startup, the challenges of raising money as a woman in business, and daily meditations from Mrs. Meyers.

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Trump Amps Threat to ‘Take Out’ Iran Before Tuesday Deadline

Mon, 06 Apr 2026 21:05:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump ramped up his threats ahead of a deadline he’s imposed for Iran to re-open the Strait of Hormuz or face further attacks on civilian infrastructure, while Tehran rejected a ceasefire proposal.

“The entire country can be taken out in one night, and that night might be tomorrow night,” Trump said in a press conference Monday at the White House, in an apparent reference to his ultimatum to Iran that expires at 8 p.m. on Tuesday.

“Every bridge in Iran will be decimated, by 12 o’clock tomorrow night,” Trump said. “Every power plant in Iran will be out of business, burning, exploding and never to be used again,” he added, noting that “it’ll happen over a period of four hours, if we wanted to. We don’t want that to happen.”
Trump told reporters earlier on Monday that it was “highly unlikely” that he’d move the deadline again. Iran, meanwhile, reportedly passed to mediator Pakistan a rejection of a ceasefire proposal.

The regime demanded a permanent end to the war, lifting of sanctions, and reconstruction efforts, in addition to protocol for safe passage through Hormuz, according to the state-run Islamic Republic News Agency. The rejection is the latest blow to efforts to end the month-long war that has triggered a global energy crisis.

US allies are reportedly pressing for a last-minute deal with Iran, as Trump extended his deadline to Tuesday for Tehran to reopen the vital waterway. Trump during his press conference noted that free traffic of oil in Hormuz must be part of any deal to end the war.

Today's show features:

Dan Williams, Bloomberg News Middle East Reporter
Alex Vatanka, Senior Fellow at the Middle East Institute
Will Kubzansky, Bloomberg News Refined Products Reporter
Drive to the Close with Nanette Abuhoff Jacobson, Global Investment Strategist at Hartford Funds

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Rebuilding American Prosperity

Fri, 03 Apr 2026 12:00:00 +0000

Capitalism For All: Inclusive Economics and the Future-Proofing of America by John Hope Bryant presents a revolutionary framework for rebuilding American prosperity through economic inclusion rather than division. As the founder and CEO of Operation HOPE, America's first non-profit social investment banking organization, and a former vice-chairman of the President's Advisory Council on Financial Literacy, Bryant brings decades of frontline experience empowering underserved communities. This book addresses America's growing economic inequality and social fragmentation by demonstrating how inclusive capitalism – not exclusionary policies – can restore the middle class, revitalize the American Dream, and maintain our position as the world's leading economy.

John Hope Bryant joins Bloomberg Businessweek to discuss how expanding rather than contracting our middle class strengthens national security and economic competitiveness and how inclusive economics positions America as a beacon of opportunity and strengthens our international influence.

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Bloomberg Businessweek Weekend - April 3rd, 2026

Thu, 02 Apr 2026 23:00:00 +0000

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Trump Ousts Bondi After Chaotic Tenure at Justice Department

Thu, 02 Apr 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Attorney General Pam Bondi is leaving her post as head of the US Justice Department, ending a tumultuous tenure as the nation’s top law enforcement official after some high-profile stumbling blocks in her efforts to carry out President Donald Trump’s agenda.

“We love Pam, and she will be transitioning to a much needed and important new job in the private sector, to be announced at a date in the near future, and our Deputy Attorney General, and a very talented and respected Legal Mind, Todd Blanche, will step in to serve as Acting Attorney General,” Trump said in a post on Truth Social.

In choosing Blanche to serve as acting attorney general, Trump has elevated another one of his former defense lawyers to be the nation’s chief law enforcement officer.
Blanche served as Trump’s defense attorney in criminal cases relating to the 2020 election, his handling of classified documents and alleged hush-money payments.

Blanche can serve in the acting role for 210 days under a federal law for filling vacancies while the Senate considers whoever Trump nominates to be confirmed as attorney general.
The president has discussed Environmental Protection Agency Administrator Lee Zeldin as a potential replacement for Bondi, according to people familiar with the matter.

Today's show features:

Jeff Mason Bloomberg News Washington and White House Correspondent & Matthew Seligman, Grayhawk Law Founder
Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist and Robert Tipp, PGIM Fixed Income Managing Director, Chief Investment Strategist, and Head of Global Bonds
Olivia Fishlow, Bloomberg News Leveraged Finance Reporter and James Crombie, Bloomberg News Senior Editor for Credit on latest in private credit sector
Jessica Rosenworcel, Executive Director of the MIT Media Lab and former Chair of the FCC

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The Logic of Parallel Lobbying

Thu, 02 Apr 2026 12:00:00 +0000

Firms lobby public institutions even when associations they are members of are lobbying those same institutions. This is what we conceptualize as ‘parallel lobbying’. Firms engage in parallel lobbying to monitor associations they are members of, reinforce the message delivered by the associations, provide additional or nuanced information that goes beyond the lowest common denominator, or even to break ranks from the collective position and signal a different message to the one provided by the association. Regardless of what the rationale behind these parallel meetings is, this article intends to bring new light into this phenomenon by examining the extent to which parallel lobbying occurs at the EU level and, more importantly, unveiling what firm – and association-level characteristics explain why firms exercise parallel lobbying.

Angel Saz, Professor at Ramon Lulull University and Director of EsadeGeo – Centre for Global Economy and Geopolitics, a leading B-school in Spain, discusses his work in parallel lobbying and how it is playing out in the world of global business. He speaks with Bloomberg's Carol Massar, Tim Stenovec, and Bloomberg Businessweek Senior Editor Dimitra Kessenide

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NASA Set to Launch Crew to Moon for First Time in 50 Years

Wed, 01 Apr 2026 21:53:30 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

NASA astronauts are poised to lift off Wednesday on a 10-day journey that will slingshot them around the moon, marking humanity’s return to the lunar vicinity for the first time in more than half a century.

The crew’s Lockheed Martin Corp.-built Orion capsule, perched atop the Boeing Co.-made Space Launch System rocket, is set to launch at 6:24 p.m. local time from Kennedy Space Center in Florida.

The mission is a crucial, in-space dress rehearsal for the long-delayed SLS rocket and Orion capsule, and marks the biggest milestone yet in NASA’s multi-year Artemis campaign to land humans on the moon as soon as 2028. If the mission launches on schedule, the four-person crew will travel farther in space than anyone in history.

President Donald Trump’s NASA administrator, Jared Isaacman, and former astronaut and US Senator Mark Kelly attended the send-off.Earlier, European Space Agency Director General Josef Aschbacher joined other NASA officials, lawmakers and industry executives walking the press site, conducting interviews. TV outlets set up white tents on the lawn outside to capture the giant SLS rocket standing a few miles away.
Today's show features:

Ed Ludlow, Bloomberg Tech Co-Host on NASA's Artemis II Launch
Rebecca Homkes, Lecturer at the London Business School and Faculty at Duke Corporate Executive Education
Andrew Szczurowski, Morgan Stanley Investment Management Strategic Income Portfolio Manager
Ben Gagnon, Bitfarms CEO on Bitfarms Officially Rebrands as Keel Infrastructure; Completes U.S. Redomiciliation

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The Launch of PatientGPT

Wed, 01 Apr 2026 12:00:00 +0000

More and more Americans are turning to consumer AI platforms for medical information. Until now, those educational conversations with AI have taken place outside of the healthcare system. Without access to the user’s private and secure medical information, educational information provided by the AI tool may not be as meaningful to the user. Today, Harford HealthCare and K Health announced the launch of PatientGPT, the nation’s first AI system with the ability to securely access the user’s medical record. PatientGPT, accessible right within the Hartford HealthCare patient portal and app, is rolling out as a beta version for a limited number of patients to try.

Jeff Flaks is the President and Chief Executive Officer of Hartford HealthCare, a $7.0-billion enterprise that cares for more than 27,000 people daily. Allon Block co-founded K Health after being inspired by his own frustration with the U.S. healthcare system to build a better solution. They speak with Bloomberg's Carol Massar and Tim Stenovec.

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Trump Calls on Allies to Seize Hormuz as Frustration Mounts

Tue, 31 Mar 2026 21:03:39 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump called on other nations to wrest control of the Strait of Hormuz as Iran maintained missile fire across the Persian Gulf, expressing his frustration that the monthlong war remains unresolved.

Countries that can’t get energy supplies due to the effective closure of the vital waterway should “go to the Strait and just TAKE IT,” Trump said in a social-media post on Tuesday.“You’ll have to start learning how to fight for yourself” as the US “won’t be there to help you anymore,” he added, the latest sign he’s looking to exit a conflict that’s triggered a surge in oil and gas prices and stoked fears of a global economic crisis. “Go get your own oil!” he added.

Stocks climbed and oil prices fell on hopes that both US and Iran might be looking for a way out of the war. WTI Crude was trading around $101 a barrel, travel stocks climbed and the S&P Energy Index turned negative, giving up an earlier gain of as much as 1.4%.

Those moves came after Iran’s state news agency reported a phone call between European Union Council President Antonio Costa and President Masoud Pezeskhian, who said the Islamic Republic has “the necessary will to end this war,” but only with guarantees “to prevent the recurrence of aggression.” It wasn’t immediately clear if his comments represent a change in Tehran’s position.
Tehran kept up strikes on Israel and countries around the Persian Gulf, including the United Arab Emirates and Saudi Arabia, with one attack hitting a large Kuwaiti oil tanker off the coast of Dubai. That was one of the most significant assaults on shipping since the US and Israel began bombarding the Islamic Republic on Feb. 28.

Today's show features:

Jennifer Welch, Bloomberg Economics Chief Geoeconomics analyst on state of ongoing Iran negotiations as Trump calls on allies to seize Hormuz as frustration mounts
Peter Atwater, Financial Insyghts President & Adjunct Lecturer of Economics at the College William & Mary on K-Shaped economy amid Iran shocks
Loren Grush, BN Space Reporter on Artemis II launch
Stew Leonard Jr., Stew Leonard's President & CEO on consumer pressures in the grocery aisle amid Iran, pricier Easter & Passover tables

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Rise of Women Owned Wines

Tue, 31 Mar 2026 12:00:00 +0000

Mandy Oser is the owner of Ardesia in Hell’s Kitchen, a neighborhood wine bar she opened in the Fall of 2009 as a place where both those with a deeper knowledge of wine as well as novices can find a selection that will satisfy. She discusses the wine industry, how many are male dominated but highlighting women wineries owned and made by woman. And the increase of wine sales this month.

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US Expands Threats to Iran Energy, Water Even as It Hails Talks

Mon, 30 Mar 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The White House threatened further escalation of attacks on Iran, including critical civilian energy infrastructure, as the fifth week of war jolts global markets with little sign of relief.

President Donald Trump earlier on Monday posted on social media that if Tehran doesn’t re-open the Strait of Hormuz, “we will conclude our lovely ‘stay’ in Iran by blowing up and completely obliterating” electricity plants, oil facilities and “possibly” desalination infrastructure.

Trump has regularly vacillated between saying a deal with Iran is imminent and warning he’s prepared to increase the military tempo. The threat to water facilities would constitute a war crime as defined by the Geneva Conventions. White House Press Secretary Karoline Leavitt said the US is “conducting more intense, targeted strikes with devastating combat power with each passing day” and the US operations are proceeding “according to plan,” even as she echoed the president in saying talks are on track. The administration hasn’t identified which Iranian officials it’s dealing with, directly or indirectly.

Despite the mystery surrounding peace talks, Leavitt said the Iranians were “increasingly eager” to negotiate and agreed to “some of the points” that the US has put forward to end the conflict. Iran has consistently said peace talks aren’t progressing and has signaled it can carry on fighting for much longer.

Today's show features:

Maj. Gen. Mastin Robeson, Academy Securities
Florian Ielpo, Head of Macro at Lombard Odier Investment
James Walker, CEO of NANO Nuclear
Drive to the Close with Rob Haworth, Senior Investment Strategy Director at US Bank Asset Management

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Project Maven, the Dawn of AI Warfare

Mon, 30 Mar 2026 12:00:00 +0000

In 2017, a small crew gathered in a windowless Pentagon room to put AI at the heart of how America makes war. Led by Drew Cukor, an unyielding Marine Corps colonel driven by the deaths of US troops and the prospect of war with an AI-equipped China, the Project Maven team raced to send AI into combat, igniting controversy and forever changing the US military. Summoning the mayhem of a tech startup, the Maven team wrestled Pentagon bureaucrats and each other. They enlisted an initially reluctant Silicon Valley, supercharged the growth of Palantir, and sent algorithms made by Amazon, Microsoft, and others into hot wars. Maven fielded technology to identify targets at speed and scale, developed AI-infused command systems, and learned where AI fails.

Katrina Manson, Bloomberg News Reporter covering technology and national security, talks about her book Project Maven: A Marine Colonel, His Team, and the Dawn of AI Warfare.

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Evolving Money: Diversifying with Digital Assets (Sponsored Content)

Sun, 29 Mar 2026 20:00:00 +0000

If you want to build a diversified portfolio, you need to assemble assets that respond to different return drivers. Digital assets can play a central role. For starters, cryptocurrencies like bitcoin behave differently than traditional equities or commodities, giving portfolios exposure to unique sources of risk and return. And within the crypto universe, you can find coins, protocols, and equities that all behave differently under different market conditions. By investing in a wide range of digital assets you can potentially both mitigate risk and improve returns.

This episode is sponsored by Coinbase.

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Black Leaders Confront the DEI Backlash: Businessweek Convenes

Sun, 29 Mar 2026 09:00:00 +0000

This is a special presentation of Businessweek Convenes, a series dedicated to bringing together prominent leaders for frank discussions on vital, often sensitive subjects. In this episode, we delve into a crucial topic: the state of Black leadership in corporate America amid the rollbacks to diversity, equity, and inclusion initiatives across the country. Bloomberg's Romaine Bostick leads this discussion with prominent business and finance veterans Ursula Burns, Nicole Reboe, Jacob Walthour, Jr., Lisa Wardell, and Chris Williams.

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Bloomberg Businessweek Weekend - March 27th, 2026

Fri, 27 Mar 2026 23:00:00 +0000

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US, Israel Hit Nuclear Targets as Tehran Vows Retaliation

Fri, 27 Mar 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Trump administration is signaling to allies that it has no immediate plans for a ground invasion of Iran, even as it deploys thousands of troops to the Middle East, people familiar with the matter said. The people, who asked not to be identified discussing private deliberations, cautioned that President Donald Trump could change his mind at any moment or go ahead with an attack. They said the troops could serve a variety of roles, including to help with evacuations of American citizens but also to create a sense of strategic ambiguity about US intentions.

Secretary of State Marco Rubio said Friday the US can achieve its objectives in Iran without the use of ground troops but their presence gives Trump options.

“The president has to be prepared for multiple contingencies, which I’m not going to discuss in the media,” Rubio told reporters. “We can achieve all of our objectives without ground troops. But we are always going to be prepared to give the president maximum optionality and maximum opportunity to adjust to contingencies should they emerge.”

A White House official, who requested anonymity to describe internal thinking, said it’s the Pentagon’s job to develop plans to give the president optionality, and noted that Trump has previously said he has no plans to send ground troops anywhere at this time. The official said Iran will be hit harder than ever before if they fail to make a deal.

Today's show features:

Iain Marlow, Bloomberg News National Security Editor
Spencer Faragasso, Senior Fellow with the Institute for Science and International Security on Iran's stocks of highly enriched uranium
Dimitra Kessenides, Bloomberg Businessweek Senior Editor and Professor Angel Saz, Director of EsadeGeo – Centre for Global Economy and Geopolitics, a leading B-school in Spain
Drive to the Close with Mark Luschini, Chief Investment Strategist, President and Chief Investment Officer, Janney Capital Management

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Unpacking the Wealth in Bermuda

Fri, 27 Mar 2026 12:00:00 +0000

As U.S. companies reassess exposure to tariffs and trade volatility and pull back on international expansion, Bermuda remains a steady destination for U.S. private wealth and business investment. Bermuda’s leading industry clusters are 90%+ dominated by professional services sectors including risk and insurance, digital finance, and private wealth management.

David Parker, Bermuda Business Development Agency (BDA) Head of Business Development, discusses how the jurisdiction has become a competitive region in the global financial and tech markets -- often cited as a “regulatory sandbox” for innovation, modernization and clear neutrality.

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Trump Questions If Iran Deal Possible as He Amps Pressure

Thu, 26 Mar 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump sent conflicting signals on the prospect that talks with Iran would bring a halt to the nearly month-long war, further roiling global energy markets.“I say they’re lousy fighters, but they’re great negotiators, and they are begging to work out a deal,” Trump said Thursday during a Cabinet meeting at the White House.

“I don’t know if we’ll be able to do that. I don’t know if we’re willing to do that,” he said, and separately threatened to intensify military action if talks failed.

Asked whether his five-day deadline for a deal would be extended, the US president was blunt: “I don’t know yet.”Trump said special envoys Steve Witkoff and Jared Kushner, as well as Vice President JD Vance “will tell me whether or not they think it’s going along.” He added “we have a lot of time” before the deadline, issued Monday morning in Washington, expires.

“It’s a day. In Trump time, a day, you know what it is? That’s an eternity,” he added.
Oil prices surged, with optimism fading of a quick resolution to the conflict. Brent crude climbed 6% to more than $108 a barrel, while stocks and bonds fell worldwide.

Today's show features:

Michelle Jamrisko, Bloomberg News White House and National Security Editor on latest from US war with Iran
Len Tannenbaum, Founder of Tannenbaum Capital Group (TCG), on private credit and real estate credit markets
Amy Rubenstein, CEO at Clear Investment Group on real estate market
Axel Merk, President and Chief Investment Officer at Merk Investments on the Gold Market

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The AI-Informed Patient with Zocdoc Founder & CEO Oliver Kharraz

Thu, 26 Mar 2026 12:00:00 +0000

The patient-provider relationship is at the heart of healthcare. But that relationship is starting to shift. There's a new presence in the exam room. One that lives on patents' phones, shows up before the visit begins, and too often stays hidden. It's artificial intelligence.

Oliver Kharraz is Founder and CEO of Zocdoc, the healthcare access infrastructure that connects patients to health care. He discusses why patients are turning to AI, why many are not disclosing AI use and the future of care given the support of patient AI use from doctors.

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US Insists Talks Ongoing Even as Iran Rejects Trump Outreach

Wed, 25 Mar 2026 21:38:53 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The White House insisted that peace talks with Iran are ongoing, even as Tehran publicly rejected US overtures and issued fresh conditions of its own to end the conflict that’s wreaked havoc across the Middle East and global markets.

“The United States has been engaged over the last three days in productive conversations,” White House Press Secretary Karoline Leavitt told reporters on Wednesday. “You’re beginning to see the regime look for an exit ramp.”
“If Iran fails to accept the reality of the current moment,” Leavitt added, “Trump will ensure they are hit harder than they have ever been hit before. President Trump does not bluff and he is prepared to unleash hell.”

Her comments ran counter to Iran’s earlier statements through state-run media publicly rejecting Trump’s push for talks. Tehran is also seeking its own guarantees, including that the US and Israel won’t resume their attacks, reparations for war damages and recognition of its authority over the Strait of Hormuz, state-owned Press TV said.

Trump on Monday set a five-day deadline for Iran to negotiate a deal to end the war. Halfway through that period, there are lingering questions over the status of negotiations and the likelihood for a deal.

The US has compiled a 15-point peace proposal that Pakistan delivered to the Islamic Republic, according to people familiar with the matter, highlighting the urgency within Trump’s administration to resolve a conflict it started alongside Israel almost a month ago. Leavitt on Wednesday said there were “elements of truth” to the reported US proposal, but cautioned against speculating on anonymously provided plans.

Vice President JD Vance may travel to Pakistan for Iran talks this weekend, CNN reported. Asked for comment on that report, Leavitt said “this is a fluid situation, and speculation about meetings should not be deemed as final until they are formally announced by the White House.”

Today's show features:

Michelle Jamrisko, Bloomberg News White House and National Security Editor
Dan Letter, CEO of Prologis
Rachel Metz, Bloomberg News AI Reporter on OpenAI Discontinues Support for Sora, Winds Down Disney Deal
June Grasso, Bloomberg Law host, on Meta, Google Found Liable in Social Media Addiction Case

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Elon Musk Unveils Terafab AI Chip Project

Wed, 25 Mar 2026 12:00:00 +0000

When Elon Musk took the stage on Saturday to unveil his plans to get into semiconductor production, he didn’t spare the superlatives. No one has ever proposed anything quite like what Musk calls Terafab. The project, as outlined, would be a massive operation to build cutting-edge semiconductors for artificial intelligence, robotics and space forays. He would not only try to take on the best chip manufacturer in the world — Taiwan Semiconductor Manufacturing Co. — he wants to do it at volumes far beyond the industry’s current capacity. The scale boggles the mind. The project would require something like $5 trillion to $13 trillion in capital spending, according to estimates from Bernstein analysts. That would fund 140 to 360 new factories, each making 50,000 wafers per month in order to reach the 1 terawatt of annual computing capacity he proposed.

Max Chafkin, Bloomberg Businessweek Senior Reporter, discusses how Musk, by far the richest person in the world, has accomplished what others believed impossible before — creating a commercially viable rocket business with SpaceX, bringing electric vehicles to the mainstream with Tesla Inc., and delivering internet connectivity from space with Starlink.

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Private Credit Storm Lashes Father-Son Duo at Helm of Cliffwater

Tue, 24 Mar 2026 20:13:35 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Stephen Nesbitt was on no one’s list of Wall Street heavyweights when he bumped into a thirty-something salesman pitching the next big thing for wealthy investors: private credit.
Nesbitt — who, as it happened, had written a book on private debt — took the idea and ran with it.Within a few years, he and his son Blake transformed their modest consulting business, Cliffwater LLC, into an unlikely giant. Their strategy: rather than sweat the details of every direct loan themselves, they’d piggyback on the firms that did. They’d also invest in industry heavyweights, creating something akin to a fund-of-private-credit-funds.

Now the father-and-son team, who rode private credit on the way up, risk falling hard on the way down. As investors in private credit funds rush for the exits, Cliffwater has become one of the biggest question marks in the $1.8 trillion industry.

The worry isn’t so much that private loans will go bad all at once and crush the funds where Cliffwater has invested. It’s that antsy investors will keep asking for money back, prompting Cliffwater to dash for cash itself — instigating a vicious circle of redemptions and markdowns.
Concerns center around the $33 billion Cliffwater Corporate Lending Fund, the largest of its kind in private credit. It’s what’s known as an interval fund, a type of closed-end vehicle that isn’t traded on an exchange but rather promises to buy back shares from investors at set intervals, usually quarterly, at net asset value. Cliffwater is legally obliged to buy back at least 5% every quarter if investors ask.That promise was a key selling point in good times. “Liquidity is the first-, second- and third-most important thing,” Blake Nesbitt emphasized at an industry roundtable this month.

Today's show features:

Bloomberg Leveraged Finance reporters Ellen DiMauro and Olivia Fishlow on their Big Take story about Private Credit
Ray Takeyh, Senior Fellow for Middle East Studies at Council on Foreign Relations
Former Commerce Secretary Wilbur Ross
Drive to the Close with Emily Green Ellevest Head of Wealth Management

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Norway’s Giant Fund Sounds a Warning on Iran

Tue, 24 Mar 2026 12:00:00 +0000

Nicolai Tangen, boss of Norway's sovereign wealth fund, visited the Middle East and was struck by the area's dynamism, but hours after his departure, the region erupted in a war. The fund is planning for potentially bleak scenarios, including the return of inflation and geopolitical fragmentation, which could have direct consequences for the fund and implications for the stock market. For more, Carol Massar and Tim Stenovec spoke with Bloomberg Opinion Columisnt Lionel Laurent

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Apple's Heir Apparent Steps Into the Spotlight

Mon, 23 Mar 2026 21:17:18 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

During an all-hands meeting at Apple in January, an employee asked about a spate of executive moves. The company’s chief operating officer recently retired, the chief financial officer and general counsel took smaller roles as a way to prepare for their own retirements, and in a single week in December its heads of artificial intelligence, user interfaces and environmental initiatives all announced their departures.While part of the exodus was related to Apple Inc.’s well-documented struggles in AI, it also reflected a logical transition at a company that turns 50 on April 1.

Apple stock has made everyone at the top of its org chart fabulously wealthy, and many are entering the stage of life that often inspires people to prioritize finally spending some time with their families instead of the next generation of iPhones. In his response to the employee’s question, Tim Cook, the company’s 65-year-old chief executive officer, struck an atypically reflective tone. “When people get to a certain age, some,” he said, “are going to retire,” letting the word “some” hang out there in a way that suggested he wasn’t talking about himself, drawing laughter from the audience. “The thing we have to do is make sure that Apple moves on” and reaches the “next level and the next level and the next level.” Cook added that he spends “a lot of time” thinking about “who’s in the room” in 5, 10 and 15 years. “I am obsessed with this.”

Cook, who’s run Apple since taking over from co-founder Steve Jobs in 2011, probably doesn’t expect to be in the room himself for another 15 years. While he’s given no indication of an imminent transition, he’s made it clear he wants his heir to come from within the company so he can serve as a mentor. The central candidate is John Ternus, senior vice president for hardware engineering, who oversees development of the devices that generate roughly 80% of Apple’s revenue. At 50, Ternus is also younger than many of the company’s other senior leaders, meaning he could be in the top job longer.

Ternus has spent about half his life at Apple. He cut his teeth developing computer monitors, oversaw product design for the original iPad and eventually took over development of the Mac. Since getting the top hardware engineering role in 2021, he’s overseen an expansion in Apple’s product lineup, improving quality and focusing on functional improvements around battery life, performance and connectivity. Earlier this month, when Apple held an event in New York to announce the MacBook Neo, a $599 laptop, it was Ternus, not Cook, who did the big reveal. The next day, Ternus also appeared on Good Morning America to talk up the device, the type of media appearance Cook has generally done himself.

Today's show features:

Mark Gurman, Bloomberg News Managing Editor for Consumer Tech
Onur Ant, Bloomberg News, Middle East & North Africa Managing Editor
Jayati Bharadwaj, Head of FX Strategies at TD Securities
Siddharth Phillip, Bloomberg News Chief Correspondent for Global Aviation on recent issues surrounding US airlines

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Instant Reaction: Stocks Surge After Trump Statement

Mon, 23 Mar 2026 12:10:00 +0000

Stocks and bonds rebounded after President Donald Trump said the US and Iran had “very good” conversations about an end to the conflict in the Middle East.
President rump said strikes against Iranian energy infrastructure and power plants would be postponed for five days following the start of talks with Iran to end the war.
For details on this development, Tom Keene and Paul Sweeney speak with Bloomberg Middle East Reporter Joumanna Bercetche, Silvercrest Asset Management Head of Investment Policy & Strategy Robert Teeter, and Veda Partners Co-Founder Henrietta Treyz.

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Super Micro Co-Founder Charged With Smuggling Chips to China

Mon, 23 Mar 2026 12:00:00 +0000

The US charged Yih-Shyan “Wally” Liaw, a co-founder of Super Micro Computer Inc., with illegally diverting Nvidia Corp.-powered servers to China in violation of US export controls. Liaw and two others allegedly sold the hardware to a Southeast Asian company and coordinated for its ultimate shipment to Chinese customers, and they made efforts to evade scrutiny by auditors from both Super Micro and the US government. Super Micro said it is cooperating with US authorities and has put Liaw and another defendant on administrative leave, and the company stated that the alleged conduct “is a contravention of the company’s policies and compliance controls”.

For more Carol Massar and Tim Stenovec speaks with Bloomberg Legal reporter Bob Van Voris.

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Bloomberg Businessweek Weekend - March 20th, 2026

Sat, 21 Mar 2026 03:55:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Trump Fans Iran Quagmire Fears With Debate on Seizing Kharg

Fri, 20 Mar 2026 20:05:52 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US officials say the White House is sending hundreds of Marines to the Middle East as it weighs a plan to seize Iran’s Kharg Island oil export hub. Deploying even a small number of troops on the ground in Iran carries huge risks for President Donald Trump.

Any effort to seize and hold Iran’s energy facilities would put US troops in far greater danger than they’ve already been exposed to so far in the conflict, which has seen 13 US fatalities to date. It would also add to the cost and scope of the conflict beyond an air campaign.

Just as charged would be the symbolism of American troops landing on Iranian soil and the accusation that Trump — who shot to popularity in part by criticizing the open-ended wars that dogged his predecessors — might be starting one of his own.

He said deploying a Marine Expeditionary Unit there would have “substantial risk of casualties, and with no obvious next step as to how such an action really accelerates regime change or even Iran’s willingness to negotiate an end to hostilities.”

Today's show features:

Jeff Mason, Bloomberg News Washington and White House Correspondent
Adam Farrar, Economics Senior Geoeconomics Analyst for Asia-Pacific
David Woo, author of Merry-Go-Round Broke Down: A Novel of Guilt, Greed and Globalization and Founder of David Woo Unbound
Ian McGinley, Partner at Sidley Austin and former Director of Enforcement at the Commodity Futures Trading Commission

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The Epstein Class Needs to Make Amends

Fri, 20 Mar 2026 12:00:00 +0000

The sense of growing hostility toward business leaders and others in power is everywhere, coinciding with dueling populist political movements, and has been heightened by the refusal of many former Epstein pals to take responsibility for associating with him. The Epstein files have exposed a code of elite silence around a sex offender, and many of America's business icons and politicians must stop minimizing their roles in what happened and start making real amends to move forward.

Max Chafkin, Bloomberg Businessweek Senior Reporter and co-host of the Everybody’s Business podcast writes about how the Epstein files fallout is a crisis for elites —and an opportunity. He speaks with Bloomberg's Carol Massar and Tim Stenovec.

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Weeks of War Are Reshaping Global Gas Market for Years to Come

Thu, 19 Mar 2026 20:27:48 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Each week the world’s largest liquefied natural gas plant remains shut, the world loses the equivalent of enough energy to power Sydney’s homes for an entire year.

Qatar’s Ras Laffan plant closed earlier this month after an Iranian drone attack, the first interruption to supply in three decades of operation. Now, after further hits — in retaliation for an Israeli strike on the vast South Pars fields on Wednesday — the wider complex has suffered what Qatar describes as extensive damage.

The latest assault damaged two of the plant’s fourteen production trains, with repairs expected to take years, people with knowledge of the matter told Bloomberg. That will put severe energy strain on economies across the world. For emerging nations — vital growth markets for LNG — a second gas calamity in four years is already destroying industrial demand, perhaps irreparably.Three weeks of conflict in the Middle East have upended the entire energy supply chain. With the vital Strait of Hormuz all but closed, gasoline and jet fuel prices are surging, cooking gas shortages are triggering fistfights in India and farmers are fretting about diesel and fertilizer. But with virtually no spare capacity, no strategic reserves and no easy replacements, LNG may be one of the most acute pain points in an expanding crisis.

The longer this continues, the only solution is for the world to use less gas — and that’s a major setback for a fuel promoted by the industry as a reliable and affordable bridge from dirty coal to full reliance on renewable power. Without gas, power plants curtail output, fertilizer and textile factories shut. The ripple effect from a long-term shock could be even more significant than the 2022 energy crisis, when Russia’s invasion of Ukraine forced dramatic changes in global gas flows.
Today's show features:

Ruth Liao, Bloomberg News Reporter covering Liquefied Natural Gas
Sheila Kahyaoglu, Managing Director in Equity Research at Jefferies
Matt Diczok, Head of Fixed Income Strategy for Merrill and Bank of America Private Bank
Drive to the Close with Mark Travis, CEO of Intrepid Capital

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Powell Says No Plans to Leave Fed Until Investigation Over

Wed, 18 Mar 2026 21:43:04 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Federal Reserve Chair Jerome Powell said he plans to stay at the central bank until after the Justice Department’s investigation is complete.

“I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality,” Powell said Wednesday at a press conference.

His comments marked the first time Powell has given any public indication that he intends to continue serving his term as a governor, which runs until 2028, after his term as chair expires in May. Speculation he would do so has increased in recent months amid a government probe into the US central bank.

The DOJ in January issued subpoenas to the Fed as part of an investigation into cost overruns in a building renovation project. In a statement at the time, Powell called the reasons for the investigation pretexts and said the probe was really triggered by the Fed’s refusal to set interest rates based on President Donald Trump’s demands.

The subpoenas were blocked by a federal judge earlier this month, but the DOJ said it would appeal that decision.

Today's show features:

Greg Peters, Co-Chief Investment Officer and PGIM Fixed Income
Kalshi CEO Tarek Mansour and reaction from Bloomberg Cross Asset Reporter Denitsa Tsekova
Hendi Susanto, Portfolio Manager of Technology at Gabelli Funds on Micron Earnings
Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst, on where China stands amidst the Iran War

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The Capital Needed to Build More Housing

Wed, 18 Mar 2026 19:00:34 +0000

There’s been a lot of negative media around “private credit,” but most of that conversation is focused on leveraged corporate lending. Real estate credit is a different market — loans are asset-backed and underwritten to hard collateral. We’re in the middle of a significant housing shortage in the U.S., particularly in major urban markets like New York. That structural demand continues to support new housing development and well-located multifamily assets. There’s increasing attention from policymakers around housing affordability and supply, including proposals from figures like Zohran Mamdani. Regardless of the political approach, there’s broad recognition that more housing needs to be built and that capital will be needed to support that supply.

Ran Eliasaf is Founder and Manager Partner of Northwind Group, an institutional real estate credit platform focused on lending and structured financing for commercial real estate and healthcare assets. Since its founding in 2008, the firm has transacted on more than $9 billion of real estate across over 400 properties and originated approximately $4 billion of loans secured by more than 300 properties, with zero principal losses across its debt investments to date. Ran speaks with Bloomberg's Carol Massar and Tim Stenovec.

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How High-Net-Worth Investors are Approaching Capital Allocation

Wed, 18 Mar 2026 12:00:00 +0000

Regenerative Social Finance (RSF) is an impact-first financial services organization. They offer investment notes, donor-advised funds, and loans to mission-driven organizations to mobilize money to have a positive social and environmental impact. They have invested in healthier food systems, whole-child education, cleaner climates, stronger communities, and more.

Kathleen Paylor is Vice President of Impact Investing and Philanthropy at Regenerative Social Finance (RSF), where she works with investors to align financial returns with measurable social and environmental impact. She speaks on how women and high-net-worth investors increasingly rethinking how they allocate capital

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Israel Says Strike Killed Iran’s Larijani as War Intensifies

Tue, 17 Mar 2026 20:55:57 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Iran has stepped up attacks on Saudi Arabia in recent days, signaling it’s targeting the oil-rich kingdom more aggressively than earlier in the war.

Tehran launched almost 100 drones at Saudi Arabia on Monday, far above the previous daily average of less than 25, according to data released by the Saudi defense ministry. The barrage marked the largest single-day strike on the country since the war began.

The surge started last week and has since intensified, with attacks increasingly concentrated on the kingdom’s eastern province, home to major oil infrastructure. The escalation underscores Iran’s ability to destabilize the wider Gulf, threatening shipping lanes — particularly the vital Strait of Hormuz — and energy facilities.

Iran is relying more heavily on drones than missiles as the conflict drags on. Drones typically carry smaller payloads than ballistic or cruise missiles and tend to cause less destruction, though they can still inflict significant damage depending on the target. Their relatively low cost and ability to be launched in large numbers make them a persistent challenge for air-defense systems.

Launches have declined since the start of the war, but that doesn’t mean Tehran is running short of weapons. Despite US and Israeli strikes on stockpiles, launchers and drone factories, Iran remains able to sustain attacks.

Today's show features:

Dan Williams, Reporter for Bloomberg News Based in Jerusalem and Alex Vatanka, Middle East Institute Senior Fellow
Ellen Wald, Transversal Consulting & Atlantic Council Senior Fellow on Oil Markets
Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, on recent Nvidia news
Samantha Dart, Co-Head of Global Commodities Research at Goldman Sachs on the latest in oil and natural gas

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Wearables for Women

Tue, 17 Mar 2026 12:00:00 +0000

Oura said it is acquiring Helsinki-based Doublepoint Technologies Oy, which specializes in technology that allows users to control wearable devices with small hand movements using a combination of artificial intelligence and biometric data. The purchase will guide future versions of Oura’s smart rings, where hand gestures could play a central role to the experience, along with possibly voice control.

Holly Shelton, Oura Chief Product Officer, speaks on why most health technology was not designed with women’s bodies in mind and why is it so important to build health products specifically for women?

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Nvidia Expects to Make $1 Trillion From AI Chips Through 2027

Mon, 16 Mar 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Nvidia, the company at the center of an explosive build-out of AI computing, expects to generate at least $1 trillion from its Blackwell and Rubin chips through the end of 2027.The company had previously forecast that the chips would bring $500 billion in sales by the end of 2026. The latest forecast, delivered by Chief Executive Officer Jensen Huang during the company’s GTC event, extends the outlook.

The forecast underscores the scale of Nvidia’s business, which has been supercharged by demand for chips that develop and run AI models. But the cumulative figure doesn’t suggest a tremendous acceleration in sales growth.

After initially rising as much as 4.8%, the shares soon pared their gains on Monday.A flood of spending on AI chips has turned Nvidia into the world’s most valuable company. But investors have sought more evidence that the market’s growth remains on track. Nvidia is also facing mounting competition from rivals like Advanced Micro Devices Inc., as well as its own customers attempting to produce in-house chips to handle AI.

The company has accelerated its technology development in recent years. Nvidia tries to replace its entire product lineup on an annual basis while adding new components. The next design of its flagship AI processors, appearing in systems in the second half of 2026, is called Vera Rubin. The lineup is named for the pioneering astronomer whose observations provided evidence supporting the existence of dark matter.

Today's show features:

Ed Ludlow, Bloomberg Tech Co-Host
Marc Champion, Bloomberg Opinion International Affairs Columnist
Catherine Owen Adams, Acadia CEO
Drive to the Close with Aaron Mulvihill, JPMorgan Asset Management Executive Director & Global Alternatives Strategist

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The Double Tax: How Women of Color Are Overcharged and Underpaid

Mon, 16 Mar 2026 12:00:00 +0000

You've probably heard of the pink tax—that additional price women pay to exist in the same world as men. Now meet the double tax, the compounded cost of racism and sexism or the pink tax and then some. The Double Tax dares to ask why it’s so expensive to be a woman in America and why it doesn’t have to be this way.

In The Double Tax, Harvard researcher Anna Gifty Opoku-Agyeman summarizes the disparities that women face as they navigate life’s biggest moments. Not only do the numbers reveal that women incur higher costs than men, but also that Black and white women lead vastly different lives, marked by dramatic gaps in job opportunities, salaries, housing costs, childcare access, and generational wealth. She coins this gap as the “double tax,” the compounded cost of racism and sexism. She speaks with Bloomberg's Carol Massar, Tim Stenovec, and Norah Mulinda.

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Bloomberg Businessweek Weekend - March 13th, 2026

Fri, 13 Mar 2026 22:00:00 +0000

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Judge Rejects Subpoenas of Fed Board in Powell Case

Fri, 13 Mar 2026 21:34:51 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A federal judge rejected as improper Justice Department subpoenas issued to the Federal Reserve Board seeking records relating to its renovations of its headquarters and Chair Jerome Powell’s comments to Congress about the project.

US District Judge James Boasberg said the government had advanced no evidence to justify the subpoenas and said they clearly reflected an “improper motive” of retaliating against Powell over policy differences. Jeanine Pirro, who leads the US Attorney’s Office for the District of Columbia, called the ruling wrong and said they would appeal the decision.
The White House didn’t immediately respond to a request for comment. The Fed declined to comment.

“A mountain of evidence suggests that the government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning,” Boasberg said. “On the other side of the scale, the government has produced essentially zero evidence to suspect Chair Powell of a crime; indeed, its justifications are so thin and unsubstantiated that the court can only conclude that they are pretextual.”

DOJ issued subpoenas to the Fed in January threatening a criminal indictment, Powell said at the time. The subpoenas are related to the Fed’s ongoing $2.5 billion renovation of its headquarters in Washington and testimony Powell provided about the construction before the Senate Banking panel last year.

Powell, in an unusually forceful video response to the subpoenas, characterized the investigation as motivated by the Fed refusing to set interest rates according to the preferences of President Donald Trump.

Kevin Warsh, a former Fed governor, has been nominated by Trump to replace Powell when the latter’s term as chair ends in May. North Carolina Republican Thom Tillis, a member of the Senate Banking Committee, has vowed to block any Fed nominations as long as the DOJ investigation of Powell remains unresolved. Tillis reiterated that commitment this week.

Today's show features:

Elliot Stein, Bloomberg Intelligence Senior Litigation Analyst
Mike Collins, PGIM Fixed Income Managing Director & Executive Portfolio Advisor
Oleksandr Komarov, Kyivstar CEO
Katrina Manson, Bloomberg News Reporter covering Tech and National Security

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Private Credit’s ‘Back Leverage’ Is Another Pain Point for Funds

Fri, 13 Mar 2026 12:00:00 +0000

Today the world of private equity and credit is a rancid pool of conflicts and illegality that cannot possibly be seen as superior to public markets. Private equity executives even enjoy special tax provisions from Congress for "carried interest" to reward them for their efforts in soaking investors. Advocates of private schemes like crypto tokens, which are explicitly not considered securities, buy and sell Members of Congress like chattel.

Chris Whalen, former banker and risk analyst weighs in on the latest concerns in private credit on the back of this week’s headlines including JPMorgan Chase restricting some lending to private credit funds after marking down the value of certain software-linked loans in its portfolios. AS well as Morgan Stanley and Cliffwater capping withdrawals from their private credit funds

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Iran Leader Says Strait of Hormuz to Stay Shut

Thu, 12 Mar 2026 21:00:00 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Iran’s new supreme leader said the Strait of Hormuz should remain shut and Tehran will look to open other fronts in the war if the US and Israel persist with their attacks.

In his first public comments since succeeding his father at the weekend, Mojtaba Khamenei said the Islamic Republic would seek to ensure the critical waterway for oil and gas stays effectively closed — maintaining a choke on supplies that’s triggered a surge in global energy prices.

His statement — published on state media on Thursday — came as US President Donald Trump said preventing Iran from having nuclear weapons and being a threat to the Middle East is “of far greater interest and importance to me” than the cost of oil.The defiance shown by both leaders indicates that the war in the Middle East isn’t close to a de-escalation after almost two weeks of fighting. Israel launched a fresh wave of large-scale strikes across Iran on Thursday, while the Islamic Republic stepped up attacks on Dubai and shipping assets.

Today's show features:

Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst
Rockford Weitz, Tufts University's Fletcher School of Law and Diplomacy Professor of Practice & Director of the Maritime Studies Program
Jason Greenblath, American Century Investments Senior Portfolio Manager
Michael Lohan, CEO of IDA Ireland

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WWE's Charlotte Flair on Investing in Self-Care is For Everyone

Thu, 12 Mar 2026 12:00:00 +0000

WWE Superstar Charlotte Flair (Ashley Fliehr) has joined Self-Care Is For Everyone (SCIFE) as the brand’s first Angel Investor and official Brand Champion. Ashley’s investment will directly fund SCIFE’s expansion from a viral apparel-led advocacy brand into a multi-platform mental health media and product company. For Ashley, this investment is deeply personal — as an elite performer who has navigated the pressures of global visibility, injury, reinvention, and resilience, she believes mental strength and emotional well-being are foundational to long-term success.

Backing SCIFE is her commitment to normalizing self-care conversations and ensuring mental health support is accessible, aspirational, and stigma-free for the next generation. She speaks with Bloomberg's Carol Massar and Norah Mulinda.

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Tame CPI Still Spells Trouble for Fed’s Favored Inflation Gauge

Wed, 11 Mar 2026 20:42:16 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A key measure of US inflation was tame at the start of the year. But another metric is shaping up to paint a very different picture.Wednesday’s report on the consumer price index showed core inflation, which excludes food and energy costs, was mild in both January and February — a pleasant surprise as companies tend to raise prices at the turn of the year. Yet economists expect another gauge, one preferred by the Federal Reserve and set for release on Friday, was probably rather strong in both months.

The fact that the personal consumption expenditures price index has been outpacing the CPI is already unusual. Typically it’s been the other way around, as a higher weighting on housing costs in the CPI tends to keep that measure relatively elevated.
Now the wedge appears to be deepening. Should the core PCE rise 3.1% in the year through January as economists expect, it would exceed the annual core CPI by one of the widest margins in decades.

The divergence began before the Iran war, which has sent oil prices sharply higher and renewed risks of a broader acceleration in inflation. That puts the Fed in a tough spot. While policymakers are broadly expected to leave interest rates unchanged next week, a sustained pickup in price pressures would make it difficult for officials to justify resuming rate cuts in coming months to shore up a fragile labor market.

The PCE price index, a product of the Bureau of Economic Analysis, draws from the CPI for several price categories. In the wake of the latest CPI data, economists were quick to boost their forecast for the February core PCE price index, which is due April 9. Several projected it would rise 0.4% for a second month, with some penciling in a bigger pickup.

Today's show features:

Yelena Shulyatyeva, The Conference Board Senior US Economist, on today's CPI reaction as we count down to next Fed decision
Gerry Doyle, Bloomberg News Global Defense Editor on Iran’s Cheap, Plentiful Weaponry Puts US Military Under Strain
Gary Evans, US Antimony CEO on the company's $27M award from Dept of Defense under the Defense Production Act
Ellen Wald, Transversal Consulting & Atlantic Council Senior Fellow on the latest in the oil markets

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Iran Picks Khamenei’s Son as Next Leader

Wed, 11 Mar 2026 12:00:00 +0000

The son of Ayatollah Ali Khamenei will become Iran’s next supreme leader, Iran’s semi-official Fars news agency announced, taking over after his father was killed in an attack by the US and Israel. Mojtaba Khamenei, 56, is the third person to lead the Islamic Republic and the first example of hereditary succession since the overthrow of the Pahlavi monarchy in the 1979 revolution. Iran’s Assembly of Experts elected the country’s next supreme leader in a “decisive vote,” according to Fars. The vote took place hours before the result was made public. Alex Vatanka, Middle East Institute Senior Fellow, joins Bloomberg Businessweek Daily to discuss Mojtaba Khamenei's ascent and what it means for Iran and global relations.

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Admin's Mixed Messages on Iran Stoke More Volatility

Tue, 10 Mar 2026 22:21:28 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran.

Oil prices plummeted after Energy Secretary Chris Wright erroneously posted — and then deleted — a message that the US Navy had escorted an oil tanker through the Strait of Hormuz, only for White House Press Secretary Karoline Leavitt to subsequently concede no such operation had occurred. But, the spokeswoman said, the US military was “drawing up additional options” to address any attempt by Iran to constrain trade through the vital artery.

Later Tuesday afternoon, President Donald Trump posted his own flurry of messages on social media. First, Trump insisted the US had “no reports” of mines being placed, but then urged Iranian forces to remove any explosives they may have laid.

Next, Trump said the US was “using the same Technology and Missile capabilities deployed against Drug Traffickers” to target mining ships. Minutes later, the president reported that the US had “hit, and completely destroyed, 10 inactive mine laying boats” and promised “more to follow.”
Today's show features:

Kevin Gordon, Schwab Head of Macro Research & Strategy as markets digest a flurry of geopolitical headlines
Bloomberg Balance of Power Co-host Joe Mathieu as the White House says the US Navy has not escorted a tanker through the Strait
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech on Apple's new $599 MacBook Neo
Anurag Rana, Bloomberg Intelligence Senior Technology Analyst on Oracle's blockbuster earnings report

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Calvin Klein Is Missing Its Carolyn Bessette Kennedy Moment

Tue, 10 Mar 2026 12:00:00 +0000

As fans of FX’s new limited series, Love Story: John F. Kennedy Jr. & Carolyn Bessette search for real-life versions of the characters' wardrobes, they're running into roadblocks. According to Google Trends, searches for “Calvin Klein 90s” shot up 850% in the US the week Love Story premiered. When customers found more fleece joggers and graphic tees on its website than the sleek basics they were looking for, some turned to secondhand sellers. PVH Corp., the apparel conglomerate that bought the Calvin Klein brand from the designer of the same name in 2003, declined to comment on its CBK strategy—or lack thereof—citing a quiet period ahead of its next earnings release.

Dina Katgara, Bloomberg News Consumer Reporter, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.

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‘MAGA Is Split': Trump Digs In on Iran War, Divides Loyalists

Mon, 09 Mar 2026 21:22:23 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump made an emphatic declaration on Friday about his intentions in the widening Middle East war: He’d accept no deal with Iran other than “unconditional surrender” and pledged the US “will work tirelessly” to restore the country’s economy if a new leader is installed whom he deems acceptable.Nearly a week in, the military campaign has sent oil prices soaring and roiled equity and bond markets across the globe. The online missive showed the president — who campaigned as a pro-peace candidate — is digging in on policies that threaten to tear his fragile political coalition apart.

The revolt of “Make America Great Again” influencers including Tucker Carlson, Megyn Kelly and Marjorie Taylor Greene, along with several GOP politicians, has produced a chorus of betrayal. “No one should have to die for a foreign country,” Kelly said on her radio show this week.
Their backlash comes after Trump has already tested his base’s loyalty with an earlier strike on Iran and an operation in Venezuela to capture Nicolas Maduro that represent the kind of military adventurism he’d built his political career on rejecting, as well as his handling of the Epstein files, which frustrated some MAGA devotees who expected the swift and full transparency he promised.

At the same time, the Iran campaign risks alienating the more-casual Trump voters who cast a ballot for him hoping he’d shore up the economy, and see Middle East conflict as a distraction — or even a hindrance. Gasoline prices this week rose to their highest level at any time during a Trump presidency.

Today's show features:

Nancy Cook, Bloomberg News Senior National Economic Correspondent on Big Take: ‘MAGA Is Split': Trump Digs In on Iran War, Divides Loyalists
Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst on ongoing impact of Iran/Hormuz on gas prices, inflation/stagflation, energy and other commodities prices
Madison Muller, Bloomberg News Health Reporter on Novo Drops Hims & Hers Lawsuit and Will Sell Wegovy on Site, FDA Plans to Loosen Testing Rules to Boost Biosimilar Drugs
Bloomberg News White House Editor Jordan Fabian on President Trump Says War with Iran is ‘Very Complete'

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Bloomberg Businessweek Weekend: March 6th, 2026

Sat, 07 Mar 2026 11:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Oracle and OpenAI End Plans to Expand Flagship Data Center

Fri, 06 Mar 2026 23:01:44 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs.

The collapsed talks created an opening for Meta Platforms Inc. to step in and consider leasing the planned expansion site in Abilene, Texas, from developer Crusoe, according to people familiar with the matter. Nvidia Corp., the leading AI chipmaker, helped facilitate Meta’s discussions with the developer, said the people, who asked not to be identified because the talks are private.

The shifting plans underscore the complexity of building out AI data centers, which are expected to cost in the tens of billions of dollars and require cooperation from a wide swath of partners.

The campus being developed by Crusoe in Abilene is part of the highly publicized Stargate project, which was announced last year at the White House with President Donald Trump. While the 1,000-acre site continues to be built, and several parts are up and running, Oracle and OpenAI elected not to go forward with tentative plans to lease a large expansion, the people said.

Oracle and OpenAI are using Nvidia’s AI semiconductors at the Stargate site. With Crusoe seeking a tenant, Nvidia became involved to ensure its products would still fill the expanded data center rather than that of rival Advanced Micro Devices Inc., said the people. Nvidia paid a $150 million deposit to Crusoe and began helping court Meta as a tenant for the expansion, the people said.
Today's show features:

Ed Ludlow, Bloomberg Tech co-host on Oracle and OpenAI End Plans to Expand Flagship Data Center
Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on oil markets
James Crombie, Bloomberg News Senior Editor on Credit, on how broad credit markers are reacting to war and inflation
Drive to the Close with Sevasti Balafas, CEO at GoalVest Advisory

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Carlsmed CEO on Cutting-Edge Spinal Care Technology

Fri, 06 Mar 2026 22:31:12 +0000

Carlsmed is a commercial-stage medical technology company pioneering AI-enabled personalized spine surgery solutions with a mission to improve outcomes and decrease the cost of healthcare for spine surgery and beyond. They are focused on becoming the standard of care for spine fusion surgery. They've been using technology and AI-enabled 3D surgical planning and implants personalized for each patient.

Mike Cordonnier is the co-founder and serves as Chief Executive Officer and President of Carlsmed, he also serves as Chairman of the Board of Directors. He speaks with Carol Massar and Tim Stenovec on the company's earnings and commercial & growth strategy.

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Predicting Risk of Postpartum Depression

Fri, 06 Mar 2026 13:00:00 +0000

Women who go on to develop postpartum depression (PPD) may have characteristic levels of neuroactive steroids, molecules derived from the hormone progesterone, in their blood during the third trimester of pregnancy, according to a new study by researchers at Weill Cornell Medicine and the University of Virginia School of Medicine. These molecules influence the brain’s stress response and emotional regulation.

Dr. Lauren Osborne is Vice Chair of Clinical Research, Department of OBGYN at Weill Cornell Medicine and she discusses how postpartum depression affects many families, how common is it, and why has it historically been underdiagnosed or overlooked.

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Trump Administration Eyes All Options to Cut Oil Prices Amid War

Thu, 05 Mar 2026 22:28:49 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump’s war with Iran threatens to deal a severe blow to a global economy still grappling with the impact of his historic tariff hike.

For Europe, sustained higher energy prices would take the economy to the brink of recession. For the US, they would place the Federal Reserve in an impossible position — stuck between a war that pushes inflation higher and a president demanding that interest rates come down. For China, the end of discounted Iranian oil imports adds to strain from Trump’s tariffs and a real estate collapse.
In the first days of the fighting, the intensity is high and the endgame uncertain. Bloomberg Economics has modeled scenarios for what lies ahead, and what they mean for oil prices, major economies, and the future of Iran.It is, of course, possible that Washington and Tehran find an off-ramp, oil settles back at its pre-escalation average of $65 a barrel, and the global economy dodges a blow.

The latest signs, though, suggest there’s worse to come. Saudi Arabia’s largest oil refinery is closed. Qatar has shuttered the world’s biggest liquefied natural gas facility. The Strait of Hormuz is effectively paralyzed. Oil and gas prices have already rocketed higher. Stocks have taken a hit. Treasury yields have risen as traders curb bets on Fed cuts.

In a severe scenario, Bloomberg Economics assumes that with Trump warning of a “big wave” of attacks, Israel aiming at the fall of the Islamic Republic and Tehran betting it can outlast its adversaries, the fighting grinds on. Intensified Iranian strikes set refineries and ports ablaze or knock out pipelines, bringing energy production to a halt.
Today's show features:

Jennifer Welsh, Bloomberg Economic Chief Geoeconomics Analyst, on Iran War Oil Shock Threatened to Unleash Wave of Global Inflation
Jeff Mason, Bloomberg News White House Correspondent on Trump Replacing Kristi Noem as Homeland Chief After Rocky Tenure
Bloomberg News Chief Correspondent for Private Capital Davide Scigliuzzo on latest developments in private credit
Drive to the Close with David Busch, CEO and CIO of Trajan Wealth

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Kalshi, Polymarket Diverge on Handling of Iran War Predictions

Thu, 05 Mar 2026 13:00:00 +0000

A few weeks ago, traders on the two major prediction market platforms, Kalshi and Polymarket, were furiously debating whether Cardi B’s dancing onstage at the Super Bowl constituted a “performance.” Now the sites’ traders—and some outside observers—are up in arms over the markets that allowed users to bet on Iran’s future. Another day, another moral, legal and philosophical minefield for these businesses.

Chris Beam, Bloomberg Businessweek Contributor writes how the Iran-related controversies generated by Kalshi and Polymarket say a lot about how the two companies are positioning themselves in the sector, as well as in the debates over what role prediction markets should play in our society. Chris speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
Sebastian Escobar

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Shippers and Oil Traders Seek Details on Trump’s Convoy Plan

Wed, 04 Mar 2026 22:59:52 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Traders were on Wednesday awaiting further details of President Donald Trump’s plan to guarantee the free flow of energy shipments through the Persian Gulf, as the shipping industry warned the proposal may struggle to restore confidence after attacks effectively shut the Strait of Hormuz.

The disruption threatens to sever seaborne energy trade between some of the world’s largest producers and key consuming nations, heightening risks for global markets. Brent crude was little changed after jumping more than 10% this week, while European gas prices slipped following the biggest rally in four years.

Trump said Tuesday the US would offer insurance backstops and naval escorts for commercial vessels transiting the region, seeking to reassure markets rattled by a spiraling conflict involving Iran. Multiple attacks on vessels in recent days have choked off traffic through the narrow waterway.
The world’s largest shipping industry association said it was seeking clarification on how the US-led convoy system would operate, warning that protecting every tanker in the region would be “unrealistic.” Officials at two major commodity trading houses said they doubted the measures would materially reduce the danger of attack, even with military escorts in place.

“Nothing is sure and we need immediate clarity,” said Khalid Hashim, managing director of Precious Shipping Pcl, a Thai firm that owns bulk carriers. “Lives are at risk, cargoes are at risk, ships are at risk. We need immediate cover that protects us from all this,” he said.

Today's show features:

Bloomberg News National Security Team Leader Nick Wadhams on whether Iran is seeking an onramp to the ongoing war
Steve Moore, Co-Founder of Unleash Prosperity and a former Trump Economic Advisor, on the US economic and monetary policy outlook
Bloomberg News Consumer Tech Reporter Samantha Kelly on Apple’s latest product launch event and new low-priced laptop
Bloomberg News Economic Editor Molly Smith with instant reaction to the latest Federal Reserve Beige Book release

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MongoDB CEO on Concerns About Weak Forecast

Wed, 04 Mar 2026 13:00:00 +0000

MongoDB shares tumbled 22% Tuesday after the database software company gave weaker-than-expected forecasts for full-year revenue and first-quarter adjusted earnings. The figures are reviving concern about expansion amid an intensifying product race and signaling rising competitive intensity and slower expansion of customer wallets, according to research from Bloomberg Intelligence. MongoDB's 2027 revenue guidance implies a roughly 600-bp deceleration vs. 2026, while the operating-income view trails consensus.

Chirantan “CJ” Desai is the President and Chief Executive Officer of MongoDB, a position he assumed in November. He discusses the company’s latest earnings report and the impact of artificial intelligence as he looks to allay investor fears following the stock price's biggest drop since last March. CJ speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Stocks Pare Oil-Fueled Rout on Trump’s Assurances

Tue, 03 Mar 2026 22:57:59 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A selloff in stocks and bonds was trimmed as assurances on American action to secure shipping lanes through the Strait of Hormuz amid the Iran war pared what had been an over 9% surge in oil.

Following an earlier slide in the S&P 500 that reached 2.5%, the equity benchmark dropped less than 1%. President Donald Trump said the US will escort and insure tankers and other vessels through the world’s most-critical energy chokepoint. Oil prices waned in post-settlement trading, with Brent trading near $80 a barrel.

The war in the Middle East reverberated across the region, with Israel bombarding Tehran in a fresh wave of strikes. The Islamic Republic fired missiles at Qatar, Bahrain and Oman, with Doha saying targets weren’t limited to military interests. Qatar and Iraq halted production at major energy sites.

With the conflict disrupting shipments, fuel costs have been on the rise. A sustained surge in prices for diesel — used in freight, power and heating — could add to the cost of transportation — a key inflation component. Gasoline has also surged, intensifying those risks.

Today's show features:

Connor Teskey, CEO of Brookfield Asset Management, on the company’s expansion in infrastructure and transition investing
Lynn Martin, President of the New York Stock Exchange, on the IPO pipeline, issuer readiness, and broader market valuation
John Rogers, Founder and CEO of Ariel Investments, on value investing strategies and the debate over US exceptionalism vs. market concentration risk
Alex Rodriguez, Chairman & CEO of A-Rod Corp, on sports as an institutional asset and rising valuations, as well as the latest season of The Deal

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"Big Short" Legend Danny Moses on Dimon, Private Credit, Prediction Markets

Tue, 03 Mar 2026 13:00:00 +0000

Money manager Danny Moses, immortalized in The Big Short, said last week that private credit and private equity firms’ push into retail products reminds him of the years preceding the subprime mortgage crisis. The comments, made during a panel at the iConnections Global Alts conference in Miami Beach, Florida, came as business development companies — funds that pool direct loans — face a surge in redemptions amid growing concerns over lending standards. Private capital firms have begun to more aggressively court individual investors in recent years, fueling worries that a wave of withdrawals from mom-and-pop savers could strain a market built on hard-to-sell assets.

Moses, the Founder of Moses Ventures, LLC, expands on his credit market commentary and delves into the business of prediction markets, while also reacting to expansive remarks from JPMorgan CEO Jamie Dimon about the investing environment amid renewed military conflict in the Middle East. Danny speaks with Carol Massar, Tim Stenovec and Bloomberg News Equities Reporter Alexandra Semenova on Bloomberg Businessweek Daily.

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Treasuries Sink as Oil Jumps on Iran War, Stoking Inflation Fears

Mon, 02 Mar 2026 22:36:57 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Oil surged as the Iran war threatened to snarl shipping lanes, stoking inflation fears that pummeled bonds amid diminishing odds for a rate cut. The dollar rose. Stocks erased losses.
Also weighing on Treasuries were figures showing manufacturing expanded, with input prices jumping. Ten-year yields headed toward their biggest advance since April. The S&P 500 was little changed after a slide that earlier topped 1%. Energy and defense shares gained. Several tech firms with solid balance sheets rallied. Airlines sank. Gold topped $5,300.

The near halt to traffic through the Strait of Hormuz and disruption at a big refinery in Saudi Arabia underscored the threat to oil supplies. West Texas Intermediate jumped 6.3% to settle at $71.23. European natural gas prices soared as Qatar shut the world’s largest LNG export plant.

As US-Israeli strikes on Iran reverberated across the Middle East, President Donald Trump called on the nation’s leaders to capitulate, while the Islamic Republic’s security chief ruled out negotiations. US Defense Secretary Pete Hegseth rejected the idea of an “endless” war.

Today's show features:

Michael Contopoulos, Deputy Chief Investment Officer at Richard Bernstein Advisors, on the equity and fixed income market reaction to the latest armed conflict in the Middle East
Mona Yacoubian, Director and Senior Adviser, Middle East Program at the Center for Strategic and International Studies, on the major Middle East escalation as the US and Israel battle against Iran and its proxies
Marcelo P. Lima, Founder and Managing Partner at Heller House, on the threat of AI to fintech jobs following Block’s 40% staff reduction
Cole Smead, Chief Executive Officer and Portfolio Manager of Smead Capital Management, on the energy market reaction to the military action across the Middle East

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Vir Bio's Cancer Treatment Progress Driving Shares Hight

Mon, 02 Mar 2026 13:00:00 +0000

Vir Biotechnology Vir is a clinical-stage biopharmaceutical company focused on powering the immune system to transform lives by discovering and developing medicines for serious infectious diseases and cancer. The company on Monday announced new data from the ongoing Phase 1 clinical trial of VIR-5500, a prostate-specific membrane antigen (PSMA)-targeting, PRO-XTEN dual-masked T-cell engager (TCE) being evaluated in patients with advanced metastatic castration-resistant prostate cancer (mCRPC) who have progressed after multiple lines of therapy. These data suggest that VIR-5500 monotherapy is well tolerated and exhibits promising anti-tumor activity.

Marianne De Backer, Ph.D., the CEO at Vir Bio, discusses the progress being made with the firm's leading treatments, the runup in its share price thus far in 2026, and why partnerships are key to advancing Vir's impact. Dr. De Backer speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Introducing: Bloomberg This Weekend

Sun, 01 Mar 2026 10:00:00 +0000

'Bloomberg This Weekend' features unique conversations on business, news, lifestyle and culture. Join David Gura, Christina Ruffini and Lisa Mateo Saturdays and Sundays for discussions with business leaders, lawmakers and cultural icons.

Watch the show LIVE on Bloomberg Television from 7AM-10AM Eastern Time.
Listen to the show LIVE on Bloomberg Radio from 7AM-10AM Eastern Time.

Listen to the Podcast for the best conversations from the show.
Subscribe on Apple:
https://podcasts.apple.com/us/podcast/bloomberg-this-weekend/id1878739308
Subscribe on Spotify:
https://open.spotify.com/show/5DQ8CEg9LeS1xGJSaxt47l

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Instant Reaction: US, Israel Attack Iran as Trump Urges Regime Change

Sat, 28 Feb 2026 13:53:26 +0000

The US and Israel began striking targets across Iran, with President Donald Trump urging Iranians to overthrow the government in a conflict that threatens to spiral across the oil-rich Middle East.

“The hour for your freedom is at hand,” Trump said, addressing Iranians in a video posted on Truth Social on Saturday. “When we’re finished, take over your government. It will be yours to take. This will be probably your only chance for generations.”

The military campaign could be a defining moment for Trump, risking a drawn-out regional war that leads to a surge in energy prices and American casualties ahead of mid-term elections this year. Iran quickly responded by firing missiles on Israel and US bases around the region, and countries in the Persian Gulf closed their airspace.

Israel’s military said the campaign would target “dozens of military targets,” and Iran media reported strikes on defensive and civilian sites, including more than 50 people dead in a strike on a school in Hormozgan, in the south of the country. Several large explosions were reported in the capital, Tehran.
Bloomberg's David Gura and Christina Ruffini lead our team coverage in this instant reaction podcast.

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Bloomberg Businessweek Weekend - February 27th, 2026

Sat, 28 Feb 2026 04:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Trump Orders US Agencies to Drop Anthropic After Pentagon Feud

Fri, 27 Feb 2026 22:23:52 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump directed US government agencies to stop using Anthropic PBC’s products, capping a feud between the artificial intelligence giant and the Pentagon over safeguards on its technology.

Trump said Friday that there would be a six-month “phase out period” for agencies including the Defense Department that are using Anthropic’s products.
“The Leftwing nut jobs at Anthropic have made a DISASTROUS MISTAKE trying to STRONG-ARM the Department of War, and force them to obey their Terms of Service instead of our Constitution,” the president posted on social media. “Therefore, I am directing EVERY Federal Agency in the United States Government to IMMEDIATELY CEASE all use of Anthropic’s technology.”
Spokespeople for Anthropic didn’t immediately respond to requests for comment.

Hegseth had given Anthropic until 5 p.m. on Friday to allow the Pentagon to use the Claude chatbot for any means necessary, within legal limits. The company had insisted that Claude not be used for mass surveillance against Americans or in fully autonomous weapons operations.

Trump’s decision will send a shockwave through Silicon Valley, where tech firms have invested billions of dollars on artificial intelligence and are weighing how best to handle federal government contracting. The move takes aim at a company that’s leading development of AI, a centerpiece of Trump’s economic agenda.

Today's show features:

Bloomberg News Reporter covering technology and national security Katrina Manson, on President Donald Trump directing US government agencies to stop using Anthropic's products due to a feud over safeguards on its technology
Robert Reffkin, Founder, Chairman and CEO of Compass International Holdings, and Varun Krishna, President and CEO of Rocket Companies, on a three-year strategic alliance aimed at expanding home listing inventory to create an enhanced affordable home buying and selling experience for American families
Luis von Ahn, Co-Founder, Chairman, President & CEO of Duolingo, on earnings and the struggles of the language learning platform in the era of AI-related disruption
Bloomberg News Senior Editor, Equities Americas Eric Weiner, recapping the worst trading month since March 2025

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The Key to a Healthy Woman's Heart

Fri, 27 Feb 2026 13:00:00 +0000

February is American Heart Month, known as a critical time for bringing increased attention to cardiovascular health and the prevention of heart disease, which is the leading cause of death in the US. Women are particularly vulnerable to cardiac health threats spanning biological, clinical and healthcare system factors that contribute to underdiagnosis, delayed treatment, and worse outcomes compared to men.

Dr. Joy Gelbman, Associate Professor of Medicine at Weill Cornell Medicine as well as a board-certified cardiologist, is well-versed in the unique challenges facing women when it comes to their cardiac health. She breaks down specific sex-specific risk factors, differing disease presentation and pathophysiology, as well as the experience disparities in treatments and outcomes. Dr. Gelbman speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Jack Dorsey’s Block Slashes Nearly Half Its Staff in AI Bet

Thu, 26 Feb 2026 23:09:02 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half as the financial technology firm places a bet on artificial intelligence changing the future of labor productivity.

Block has been restructuring its business model and staffing since 2024 as the company’s stock has lagged. At the same time, the company has invested heavily in artificial intelligence tools to run more efficiently, including building its own tool called Goose.
The reduction in force, which was announced in a shareholder letter on Thursday, comes after rolling job eliminations that have often been tied to annual performance reviews.
The move by Block is the latest indication of the havoc that new AI tools are wreaking on the economy and financial markets.

In the shareholder letter, the company highlighted strong financial performance over 2025 including gross profit growth that more than doubled from the first quarter to the fourth quarter.

Dorsey, the company’s co-founder, touted how the company has reignited growth of users of its peer-to-peer payments app Cash App, scaled its lending products and accelerated Square gross payment volume. Block reported gross profit of $10.36 billion in 2025, up 17% year-over-year.

Today's show features:

Bloomberg News Fintech and Crypto Reporter Emily Mason on Block's massive staff cuts
Chris Miller, Professor of International History at The Fletcher School at Tufts University, on the geopolitical forces shaping the global ecosystem for semiconductors
Steven Dickens, CEO and Principal Analyst of HyperFRAME Research, with Nvidia earnings analysis and a lookahead to CoreWeave earnings after the bell
Bloomberg News National Security Reporter Jaime Tarabay on Hillary Clinton’s closed-door testimony related to her connections to the late Jeffrey Epstein, and allegations that the Department of Justice withheld some files in the Epstein case due to an abuse claim against President Trump

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Nvidia’s Upbeat Sales Forecast Shows AI Boom Remains Strong

Wed, 25 Feb 2026 23:20:27 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Nvidia Corp., the world’s most valuable company, gave another bullish quarterly revenue forecast, signaling that the massive build-out of AI computing remains on track.
Fiscal first-quarter sales will be about $78 billion, the chipmaker said in a statement Wednesday. That compares with an average Wall Street estimate of $72.8 billion, according to data compiled by Bloomberg.

“Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth,” Chief Executive Officer Jensen Huang said in the statement.
The outlook helped soothe concerns about a bubble in AI investments. Huang has repeatedly downplayed fears that the run-up in spending on artificial intelligence hardware isn’t sustainable. He argues that it will take years to replace the world’s installed base of older computers with machines that offer a leap forward in productivity.
But some investors had grown weary of that optimism and traded out of stocks like Nvidia. Wednesday’s report provides some evidence that near-term worries may be overblown.

Today's show features:

Bloomberg Tech Co-Host Ed Ludlow, and Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, break down Nvidia’s earnings report and outlook
Bloomberg Intelligence Senior Global Head of Technology Research Mandeep Singh reacts to quarterly earnings from Nvidia and Snowflake, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana with analysis of earnings from Salesforce and the broader disruption to software companies amid concerns that AI will erode demand
Libby Cantrill, Managing Director and the head of public policy for PIMCO on market reverberations following President Donald Trump’s State of the Union address
Bloomberg News Miami Bureau Chief Dan Cancel on the report of Cuban forces killing four people who opened fire from a speedboat with Florida tags

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MercadoLibre Tumbles After Net Income Miss on Spending Boost

Wed, 25 Feb 2026 22:32:11 +0000

Shares of MercadoLibre fell after fourth-quarter net income missed analysts’ estimates as the company continued to invest heavily in its main business lines. MercadoLibre posted $559 million in net income, below the average forecast for $596 million, according to data compiled by Bloomberg. However, the company posted a 45% year-on-year increase in net revenue to $8.8 billion, beating consensus analyst estimates of $8.5 billion, as customers took advantage of free shipping perks in Brazil and piled into MercadoLibre’s credit offerings. That marks its 28th consecutive quarter of annual growth above 30%.

Martin de los Santos, the CFO of South America's largest company, discusses quarterly earnings and the e-commerce giant's continued efforts to scale its fintech platform, Mercado Pago. Martin speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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TikTok Provides Boost for 100-Year-Old Food and Beverage Manufacturer

Wed, 25 Feb 2026 13:00:00 +0000

The Jel Sert Company is a family-owned business that has been at the forefront of innovation in the food and beverage industry since 1926. Jel Sert's products include dessert mixes, drink mixes, and freezer bars, and are made exclusively in West Chicago, Illinois.

Ken Wegner is President of The Jel Sert Company. The grandson of Jel Sert founders Charles and Lillian Wegner, Ken grew up in the business and has worked at the company since 1985, helping steward beloved brands while expanding Jel Sert’s community impact, and growing its workforce to more than 1,400 employees. He discusses the firm's recent expansion within West Chicago, as well as how real-time searches and social data from platforms like TikTok are guiding new flavor development and brand partnerships for Jel Sert. Ken speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Boaz Weinstein Warns ‘Wheels Coming Off’ Private Credit Funds

Tue, 24 Feb 2026 21:40:59 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Activist investor Boaz Weinstein is stepping up his warnings on private credit, saying the turmoil surrounding Blue Owl Capital’s funds is exposing deeper cracks in the $1.8 trillion industry.
“All you need is the snowball to start going down the hill and it started. Blue Owl is right in the middle of that,” the Saba Capital Management founder said Tuesday at the iConnections Global Alts conference in Miami Beach, Florida. “I think we are in the super-early innings of the wheels coming off the car.” The comment was the latest salvo by Weinstein against the private credit industry, which is reeling from worries about overspending on artificial intelligence and lending standards after Blue Owl restricted withdrawals from one of its funds.

Saba Capital, alongside Cox Capital Partners, has announced cash tenders for stakes in three funds managed by Blue Owl Capital at steep discounts to their stated value, after the alternative investment firm restricted redemptions in one vehicle and began selling loans to raise cash for investors.

The offer price is expected to be 20%-35% below net asset value and aims to give a liquidity solution to retail investors wanting to exit positions that have been harder to redeem as withdrawals surged across the sector.

During the panel, Weinstein warned about market dislocations, where some credit assets are currently trading at historic highs while related equity and fund structures are at massive discounts. He added that he is looking to launch a fund to capitalize on an expected wave of opportunities, particularly around the Blue Owl situation and similar semi-liquid products facing redemption pressures.
Saba and Cox sent notices to buy Blue Owl Capital Corporation II shares on Feb. 17. They plan to make similar offers for Blue Owl Technology Income Corp. and Blue Owl Credit Income Corp., which are also business development companies. Blue Owl’s shares have plunged around 50% in the past year, even as the firm’s revenue continued to climb in that period.

Others have sounded warnings as well in recent days. JPMorgan Chase and Co. Chief Executive Officer Jamie Dimon on Monday drew parallels between the present day and the era leading up to the 2008 global financial crises, when the scramble to make loans ended disastrously.

Today's show features:

Bloomberg News Finance Reporter Katherine Doherty on JPMorgan CEO Jamie Dimon saying he's starting to see parallels to the era before the 2008 financial crisis
Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments on the US economy and geopolitical risks in markets
Bloomberg Tech Co-Host Ed Ludlow on Meta’s multi-billion dollar investment in AMD equipment and stock, as well as the latest news from Anthropic
Elise Giuliano, Senior Lecturer in Political Science at Columbia University, on the four-year mark since the official start of the War in Ukraine

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MTV Pioneer on the Future of Media and Entertainment

Tue, 24 Feb 2026 13:00:00 +0000

Tom Freston is a cofounder of MTV and the former CEO of Viacom, where he oversaw Paramount Pictures. After launching a successful clothing export company out of Afghanistan and India, Freston transitioned into the media landscape, helping found MTV and bringing it to international fame in more than 150 countries. Before his Viacom roles, he ran MTV Networks for seventeen years, overseeing Nickelodeon, VH1, Comedy Central, and other legendary networks.

In addition to currently serving as the Principal of consulting and investment firm Firefly3, Freston also recently released his memoir, “Unplugged Adventures from MTV to Timbuktu,” which details some of his more unique experiences as he rose through the ranks of the entertainment industry. Tom discusses his unparalleled career as well as some of the pressing issues in the media business today, including the ongoing battle between Netflix and Paramount Skydance over control of Warner Bros. Discovery. Tom speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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EU Warns That Trump’s New Tariff Policy Breaks Trade Agreemet

Mon, 23 Feb 2026 22:45:30 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A European Union assessment found that President Donald Trump’s new tariff policy will increase levies on some of the bloc’s exports, including cheese and some agricultural products, above the level permitted in their trade agreement.

After the US Supreme Court struck down Trump’s use of an emergency-powers law to impose his so-called reciprocal tariffs around the world, he announced a new 10% global levy, which he then threatened to increase to 15%.

The European Commission, which handles trade matters for the bloc, told lawmakers Monday that the new global tariff will be added to levies that are already in place, according to Bernd Lange, chair of the European Parliament’s trade committee. The new cumulative rate means some goods would be above the 15% ceiling the EU and US agreed to in their trade deal.
Under Trump’s new tariff program, some products including butter, plastics, textiles and chemicals would have levies above that 15% ceiling, according to people familiar with the commission’s assessment. The new global tariffs can stay in place for as many as 150 days.Commission spokesman Olof Gill declined to comment on the assessment.

The EU-US trade deal — struck last summer between Trump and European Commission President Ursula von der Leyen — would impose a 15% tariff rate on most EU exports to the US while removing tariffs on many American goods heading into the bloc. The US would also continue to impose a 50% tariff on European steel and aluminum imports.

The bloc agreed to the lopsided deal in the hopes of avoiding a full-blown trade war with Washington and retaining US security backing, particularly with regards to Ukraine. European Parliament suspended legislative work on approving the EU-US accord on Monday, requesting clarity on Trump’s new trade policy.

Today's show features:

Kathryn Judge, Harvey J. Goldschmid Professor of Law at Columbia Law School, on the next steps in the legal process following Friday’s Supreme Court ruling on President Donald Trump’s tariffs
Greg Daco, Chief Economist at EY, on the latest global trade rumblings from the 2026 National Association of Business Economics (NABE) Policy conference
Bloomberg News Health Reporter Madison Muller on Novo Nordisk’s next-generation obesity shot delivering less weight loss than Eli Lilly’s rival drug
Ryan Vlastelica, discussing the week ahead for tech stock traders ahead of Nvidia’s earnings
Bloomberg News Weather Reporter Lauren Rosenthal on the latest blizzard to hit New York City and the Northeastern US

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Gen Alpha Arrives With Very Grown Up Spending Power

Mon, 23 Feb 2026 13:00:00 +0000

Gen Alpha, the cohort born from 2010 to 2024, has been subject to harsh critiques, including being addicted to phones, lacking self-discipline and social skills, and being unable to read or spell. Despite these criticisms, Gen Alphas have strengths such as teamwork, empathy, honesty, and creativity, and are highly tuned into world events and global issues due to their access to global platforms and networks.

Bloomberg Businessweek Contributing Writer Stacey Vanek Smith discusses how Gen Alphas are already showing significant spending power and influence over adult purchasing decisions, with many having a strong sense of self-expression and a desire for luxury products, and are expected to play a major role in shaping the future of work and technology.

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Bloomberg Businessweek Weekend - February 20th, 2026

Sat, 21 Feb 2026 05:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”
Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Trump’s Global Tariffs Struck Down by US Supreme Court

Fri, 20 Feb 2026 22:59:46 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US Supreme Court struck down President Donald Trump’s sweeping global tariffs, undercutting his signature economic policy and delivering his biggest legal defeat since he returned to the White House.
Voting 6-3, the court said Trump exceeded his authority by invoking a federal emergency-powers law to impose his “reciprocal” tariffs across the globe as well as targeted import taxes the administration says address fentanyl trafficking.

The justices didn’t address the extent to which importers are entitled to refunds, leaving it to a lower court to sort out those issues. If fully allowed, refunds could total as much as $170 billion — more than half the total revenue Trump’s tariffs have brought in.

Trump said at a press conference that he will reimpose some tariffs using alternative legal tools. The fall-back options tend to be either more cumbersome or more limited than the wide-ranging powers Trump asserted under the International Emergency Economic Powers Act.

Stocks rose on news of the decision given investors previously fretted tariffs would hurt the outlook for economic growth and company earnings. Treasuries extended declines with yields rising broadly and the rate on the benchmark 10-year note climbing to 4.10% as investors priced in the likelihood of lower tax revenues. A Bloomberg gauge of the dollar fell as much as 0.2% before erasing the drop.

Today's show features:

Bloomberg News Supreme Court Reporter Greg Stohr on Supreme Court decision to block Trump’s tariffs
Bloomberg White House Correspondent Kate Sullivan on latest from White House on tariff/Supreme Court news
Olu Sonola, Head of US Economic Research at Fitch Ratings on today's Eco data
Alan Eyre, Distinguished Diplomatic Fellow at Middle East Institute, on how Iran is viewing a potential strike by the US

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Trump Has Called Bluff on the Era of Good Corporate Citizen

Fri, 20 Feb 2026 13:00:00 +0000

For a few brief, shining moments, the dream of Milton Friedman must have seemed closer to reality in corporate America than ever before. Donald Trump had been reelected president, and the tax cuts and regulatory loosening he’d promised were on the horizon. Whatever leverage ordinary workers had managed to scrape together in the years following the Covid-19 pandemic had mostly been quashed, and surely the incoming administration would take care of what remained. Gone, too, were the days when executives would have to evince corporate disapproval of racism or sexism or homophobia if they didn’t feel like it, as many of them had been goaded into doing during #MeToo or the Black Lives Matter movement. They could get out of talking about politics—which is not quite the same as getting out of politics, period—and get back to maximizing shareholder value however they pleased..

Bloomberg Businessweek Senior Reporter Amanda Mull discusses how corporations have largely avoided criticizing Trump, with some leaders only speaking out after extreme circumstances, such as the killing of a Minnesota man by CBP agents, and even then their statements have been muted and avoided direct condemnation.

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A Blue Owl-Linked Structured Note Is Now Worth Just 47 Cents

Thu, 19 Feb 2026 22:39:23 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

At least one structured note tied to Blue Owl Capital Inc. is being quoted at just 47 cents on the dollar after the asset manager restricted withdrawals from one of its retail-focused private funds.
The security, which was issued by a subsidiary of Citigroup Inc., is due later this year. Another 2028 note that was offered by a unit of JPMorgan Chase & Co. is quoted at about 68 cents, while a Bank of Nova Scotia instrument partly tied to Blue Owl was at 87 cents, according to data compiled by Bloomberg.

Structured notes are bonds with embedded derivatives, giving holders exposure to a number of assets, from stock prices to currencies and interest rates. There’s generally no secondary market for those bonds, with prices only coming from the banks that arranged them.

Blue Owl’s stock fell as much as 9.4% in New York on Thursday. The notes were already quoted below face value prior to the announcement about the withdrawal restrictions.The depressed prices underscore the pressure on Blue Owl, whose stock has already fallen by about a quarter this year.

The plan to limit withdrawals signaled a reversal from a previous arrangement to resume redemptions this quarter.

Today's show features:

Olivia Fishlow, Bloomberg News Leveraged Finance Reporter, on Blue Owl Drops as Redemption Halt Stirs Private Credit Concern
Dylan Field, Figma CEO, on earnings and collaboration with Anthropic
Kate Gulliver, Chief Financial Officer of Wayfair, on quarterly earnings and the health of the American consumer
Matthew O’Neill and Perri Peltz, co-producers & co-directors of ‘Can’t Look Away: The Case Against Social Media, on Mark Zuckerberg’s Day in Social Media Addiction Trial

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White Men Learn the Hidden Cost of Suing for Discrimination

Thu, 19 Feb 2026 13:00:00 +0000

Jeff Vaughn, a former CBS anchor, says a 2022 billboard convinced him that being White and male was becoming a liability, and he sued CBS in 2024 after being fired in 2023. The US Equal Employment Opportunity Commission is urging White men to come forward with complaints about their treatment by employers looking to diversify their workforces, with EEOC Chair Andrea Lucas saying that anti-discrimination laws apply equally to everyone.
Jeff Green, Bloomberg News Managing Diversity Reporter, writes how white men who sue their employers over perceived discrimination may face career damage, with experts saying that bringing a lawsuit can make it difficult to find a new job, as potential employers can discover the lawsuit with a basic Google search.

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Fed Minutes Show Several Officials Nod to Rate-Hike Scenario

Wed, 18 Feb 2026 22:45:24 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Federal Reserve officials signaled renewed worries over inflation with “several” policymakers suggesting the central bank may need to raise interest rates if inflation stays above their goal.
“Several participants indicated that they would have supported a two-sided description of the committee’s future interest-rate decisions, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels,” a record of the central bank’s January meeting showed.
Minutes of the Federal Open Market Committee’s Jan. 27-28 meeting released Wednesday also revealed that a “vast majority of participants judged that downside risks to employment had moderated in recent months while the risk of more persistent inflation remained.”

The FOMC voted 10-2 at the meeting to hold the benchmark federal funds rate in a range of 3.5%-3.75%. Governors Christopher Waller and Stephen Miran dissented in favor of a quarter-point reduction. Officials dropped language pointing to increased downside risks to employment that had appeared in the three previous statements.
The minutes further signaled that one group of policymakers was embracing a view less open to additional rate cuts, at least in the near term.
Today's show features:

Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent, on the latest FOMC minutes
Mike Wilson, Chief US Equity Strategist and Chief Investment Officer for Morgan Stanley, and Bloomberg News Equities Reporter Alexandra Semenova
Kamini Lane, President and CEO of Coldwell Banker Realty, on latest US Housing data
Bloomberg News Senior Technology Reporter Kurt Wagner on the Social Media Addiction trial

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Beyond the Bottle with the CEO of B. Stuyvesant Champagne

Wed, 18 Feb 2026 13:00:00 +0000

Marvina S. Robinson is the Founder & CEO of B. Stuyvesant Champagne. Founded in 2020, B. Stuyvesant Champagne is a luxury, woman-owned Champagne house produced and bottled in Épernay, France. The brand develops its cuvées in partnership within the Champagne region, focusing on small-production wines crafted according to traditional méthode champenoise standards.

Beyond the bottle, the company operates a Brooklyn tasting room and curates elevated Champagne experiences designed to make luxury Champagne more accessible while honoring the heritage of the region. B. Stuyvesant Champagne continues to grow through experiential activations, disciplined brand expansion and a focus on long-term value creation within the global luxury beverage market.

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Warner Bros. Reopens Talks as Paramount Signals Higher Bid

Tue, 17 Feb 2026 23:38:15 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Warner Bros Discovery Inc. has agreed to reopen negotiations with rival Hollywood studio Paramount Skydance Corp. after the suitor proposed raising its bid and sweetened other terms of its offer, setting the stage for a renewed showdown with Netflix.

Netflix, which Warner Bros. still described as its preferred bidder, has granted the board seven days to discuss Paramount’s most recent proposal, according to a statement Tuesday. The decision came after a Paramount banker told a Warner Bros. board member that Paramount would offer at least $31 a share, or $1 a share higher than its previous offer, if the company agreed to reopen talks. Warner Bros. now wants to see that, and other aspects of Paramount’s new bid, in writing.

Warner Bros. said the board still unanimously recommends shareholders vote in favor of its binding agreement to sell its namesake studios and HBO Max streaming business to Netflix for $27.75 a share, or $72 billion. Paramount’s all-cash $77.9 billion bid, which is backed by billionaire Larry Ellison, is for the entirety of Warner Bros., including its cable TV channels such as CNN and TNT that are otherwise planned to be spun off under a deal with Netflix. Warner Bros. has scheduled a shareholder vote on the Netflix deal for March 20.

The decision to reengage with Paramount, which confirms Bloomberg’s reporting Sunday, adds another twist in the long drawn-out saga over control of one of Hollywood’s most iconic properties. The fight for Warner Bros., the century-old studio behind films from Casablanca to Batman, and hit TV series like Friends, is one of the biggest media deals in years and has the power to reshape the entertainment industry.

Today's show features:

Bloomberg News Managing Editor for Media & Entertainment Lucas Shaw and Bloomberg News Senior M&A Reporter Michelle Davis on Warner Bros. Reopens Talks as Paramount Signals Higher Bid
Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple Ramps Up Work on Glasses, Pendant and Camera AirPods (CLEAN UP LINE DROP)
Bloomberg News Finance Reporter Max Abelson on The Leon Black Files: Epstein Was Fixer for His Deepest Secrets
Drive to the Close with Bill Smead, Founder, Chairman and CIO of Smead Capital Management, on the energy market and his stock pick

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Hoboken Farms Nets $4 Million in Fresh Funding

Tue, 17 Feb 2026 13:00:00 +0000

Brad Finkel founded Hoboken Farms in 1992. His family has had deep roots in Hoboken dating back to around 1895. As a youngster, whenever Brad visited friends, he was always asked to bring fresh bread, mozzarella, and pastas from Hoboken's local shops. Soon, neighbors and ex-Hobokenites who missed these local delicacies began requesting deliveries as well. Brad saw an opportunity and started a small business to meet this demand.

Hoboken Farms, once a part-time endeavor, became Brad's full-time obsession. As his community grew to encompass around 800 markets annually, so did his commitment to providing nourishment and inspiration through food and family. Brad details his growing line of farm market products and how a critical new investment is helping Hoboken Farms continue its evolution into a beloved supermarket brand. Brad speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Special Coverage: A Conversation with Secretary of State Marco Rubio

Sat, 14 Feb 2026 15:05:01 +0000

Secretary of State Marco Rubio said Europe’s fate is intertwined with the US while faulting the continent for what he said was a drift away from their shared Western values.
The double-edged message offered some reassurance to allied leaders gathered at the Munich Security Conference but did little to temper their push for more independence from Washington.
“We want Europe to prosper because we’re interconnected in so many different ways, and because our alliance is so critical,” Rubio told Bloomberg News Editor-in-Chief John Micklethwait on the sidelines of the conference on Saturday. “But it has to be an alliance of allies that are capable and willing to fight for who they are and what’s important.”
“What is it that binds us together? Ultimately, it’s the fact that we are both heirs to the same civilization, and it’s a great civilization,” he said. “It’s one we should be proud of.”
Rubio’s comments elaborated on a speech he delivered to the event, Europe’s premier annual security gathering, earlier Saturday morning. The speech was the most anticipated of the three-day conference, with fellow leaders eager to hear if he would double down on the contemptuous tone voiced a year earlier by Vice President JD Vance at the same venue.

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Bloomberg Businessweek Weekend - February 13th, 2026

Sat, 14 Feb 2026 00:00:00 +0000

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Mild Inflation Print Boosts Fed-Cut Bets

Fri, 13 Feb 2026 22:34:17 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street got a degree of relief as relatively tame inflation data spurred bigger bets on Federal Reserve rate cuts, with bond yields falling. While most stocks gained, weakness in tech giants kept a lid on the market.

Treasury two-year yields dropped toward their lowest since 2022. Money markets priced in higher chances the Fed will slash rates more than twice this year. About 370 shares in the S&P 500 rose, but the gauge was little changed at the end of its worst week since November. A gauge of megacaps lost 1.1%. Amazon.com Inc. saw its longest slide in almost 20 years. The Russell 2000 index of small firms climbed 1.2%. Bitcoin jumped.

The consumer price index rose 0.2% in January, the smallest gain since July and restrained by lower energy costs. While services costs picked up last month, prices of core goods remained stable. The core CPI rose from a year ago by the least since 2021. The overall gauge also eased on an annual basis.

Today's show features:

Dr. Adam Posen, President of the Peterson Institute for International Economics, on the global economic outlook and the path for US monetary policy
Christina Stembel, Founder & CEO of Farmgirl Flowers, on the importance of Valentine’s Day to her company’s annual sales
Bloomberg News Banking Reporter Todd Gillespie on Kathy Ruemmler leaving her position as the top lawyer at Goldman Sachs following a monthslong saga over her previous association with Jeffrey Epstein
Bloomberg Tech Co-Host Ed Ludlow on SpaceX considering a dual-class share structure in its planned IPO
Bloomberg News Executive Editor for Crypto, Payments and Digital Finance stacy-marie ishmael on Coinbase’s post-earnings surge and the broader crypto trade

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Berkshire-Owned Brooks Running Sees Another Record Year

Fri, 13 Feb 2026 13:00:00 +0000

Brooks Running creates performance running footwear, apparel, sports bras, and accessories distributed worldwide. Since 1914, Brooks has been focused on designing products that cater specifically to how humans move, pushing the limits of motion science, engineering, and technology. Brooks is a subsidiary of Berkshire Hathaway Inc. and is headquartered in Seattle.

Dan Sheridan began his journey with Brooks in 1998 as a field rep, building and driving the company’s strategy and growth in every role as he increased his responsibilities and leadership impact. He discusses the firm's full-year results from 2025, which turned out to be a record year. Dan speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Coinbase Posts $667 Million Loss, Revenue Declines 20%

Thu, 12 Feb 2026 22:51:20 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Coinbase Global Inc. showed how quickly a cooling crypto market can pressure even one of the industry’s most diversified exchanges.

Revenue in the fourth quarter tumbled a more-than-estimated 20% to $1.8 billion. The company swung to a net loss of $667 million compared with a $1.3 billion profit from the same period last year, as falling token prices drained trading activity across digital assets and forced Coinbase to mark down the value of its crypto holdings.

The results arrive as Bitcoin has fallen nearly 50% from October’s high, a retreat that has left many retail traders sitting on the sidelines and revived comparisons to earlier crypto downturns. Those cycles have often forced exchanges to retrench quickly, and early signs suggest this one may follow a similar pattern.

Rival exchange Gemini Space Station said last week that it plans to cut up to 25% of its workforce and scale back international operations, underscoring how rapidly weaker markets can translate into operational pressure. Kraken’s chief financial officer departed the exchange, which reported sequentially lower fourth-quarter revenue. Robinhood Markets Inc. said this week its revenue from crypto trading declined 38%.

Today's show features:

Bloomberg New Equities Reporter Monique Mulima breaks down quarterly earnings from Coinbase
Bloomberg News Senior Editor, Equities Americas Eric Weiner and Senior Editor Ed Harrison on continued Wall Street jitters due to concern over technology profits and the impact of AI on various sectors
Bloomberg Economics US and Canada Economist Stuart Paul on a new report from his team breaking down the potential economic costs of various geopolitical ruptures
Steve Moore, Co-Founder of Unleash Prosperity and a former Trump Economic Advisor, on the US economic and monetary policy outlook

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Sage Geosystems CEO on the Promise of Geothermal Energy

Thu, 12 Feb 2026 13:00:00 +0000

Sage Geosystems is a Houston-based geothermal energy startup founded in 2020 that develops next-generation, pressure-based geothermal technology for power generation and long-duration energy storage. Their systems create artificial underground reservoirs in hot, dry rock to harness both heat and pressure for efficient electricity production.

Cindy Taff, the CEO of Sage Geosystems, is focused on advancing the deployment of her firm's energy-storage solutions worldwide. She discusses the complexities of using the same tools to unlock clean energy as are used to drill for oil, and explains why she sees the so-called "shale revolution" as a harbinger of a forthcoming "geothermal revolution." Cindy speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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US Adds 130,000 Jobs and Unemployment Falls After Tepid 2025

Wed, 11 Feb 2026 22:32:31 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US payrolls rose in January by the most in more than a year and the unemployment rate unexpectedly fell, suggesting the labor market continued to stabilize at the start of 2026.
Employers added 130,000 jobs last month and the unemployment rate declined to 4.3%, according to Bureau of Labor Statistics data out Wednesday. That followed revisions to the prior year, which showed a marked slowdown in hiring. Job gains averaged just 15,000 a month last year, down from the initially reported 49,000 pace.

The report suggests the labor market is finding its footing after a year marked by rising unemployment and minimal hiring. While economists expect hiring to remain generally sluggish in 2026, more clarity around the impact of President Donald Trump’s economic policies and lower borrowing costs could encourage some employers to boost headcount.

The January data reinforces Federal Reserve officials’ inclination to keep interest rates on hold for now. Many traders appeared to push out their timeline for the next rate cut to July from June.
In leaving rates unchanged last month, Chair Jerome Powell cited signs of steadying in the job market.

“Coming off of a hiring recession in 2025, this is welcome news,” said Heather Long, chief economist at Navy Federal Credit Union. “I think Fed Chair Powell was right — the labor market appears to be stabilizing.”

Today's show features:

Constance Hunter, Chief Economist at the EIU (Economist Intelligence Unit), on the late-arriving January nonfarm payrolls report
Aaron Jagdfeld, Chairman, President and CEO of Generac, on earnings, the state of manufacturing in America, and US trade policy impact
Bloomberg News White House Editor Jordan Fabian on President Donald Trump reportedly mulling an exit from the North American trade pact that he helped negotiate, the USMCA
Lauren Sanfilippo, Senior Investment Strategist, for Merrill and Bank of America Private Bank, on US consumer resilience and private sector growth

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US Antimony, Americas Gold and Silver to Work on New Processing Site

Wed, 11 Feb 2026 13:00:00 +0000

United States Antimony Corporation, a leading producer and processor of antimony, zeolite, and other critical minerals, on Tuesday announced a new joint venture together with Americas Gold and Silver Corporation to construct a new state-of-the-art hydromet processing facility. The project will commence on lands being contributed to the joint venture located immediately adjacent to Americas active silver, copper, and antimony mines. US Antimony is the only fully integrated antimony company in the world outside of China and Russia, while Americas Gold and Silver is known for producing silver, copper, and other metals from high-grade operations in the US and Mexico.

The announcement comes a week after the US and its allies said they’re considering price floors as a way to shore up a domestic supply of key metals outside of China. Gary Evans, Chairman and CEO of US Antimony, and Paul Andre Huet, Chairman & CEO of Americas Gold & Silver Corporation, detail the project and its impact on national security with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Wealth Manager Stocks Sink as Traders Flee Next AI Casualty

Tue, 10 Feb 2026 22:32:53 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

An artificial intelligence tool aimed at creating tax strategies sparked a selloff in wealth-management stocks Tuesday as investors fear the business could be at risk from automated advice.

The innovation puts the wealth-management industry in the crosshairs of AI competition, the way it did for software stocks and private credit firms last week and insurance brokerage shares on Monday. Investors responded precisely the way they did before — by unloading the stocks. Raymond James Financial Inc. dropped 8.8% for its worst day since March 2020, while Charles Schwab Corp. sank 7.4%% and LPL Financial Holdings Inc. lost 8.3%, their worst sessions since April.

The move appeared to catch Wall Street off guard, as Charles Schwab is the only stock with a sell rating, and it has just one among the 24 analysts tracking the company.

The new tool, unveiled by closely held tech startup Altruist Corp. on Tuesday, helps financial advisers personalize strategies for clients and create pay stubs, account statements and other documents, the company said in a statement. Altruist’s founder and Chief Executive Officer Jason Wenk started his career at Morgan Stanley and Chief Operating Officer Mazi Bahadori worked at Pimco Investment Management, so the firm’s leadership has experience with how Wall Street and the investment community operate.

Today's show features:
Bloomberg Intelligence Financials Analyst Neil Sipes breaks down quarterly earnings from Robinhood Markets and the hit to wealth-management stocks on AI fears
Kathy Jones, Chief Fixed Income Strategist, Schwab Center for Financial Research, on the treasury trade and US monetary policy outlook
Cheryl McKissack Daniel, Chair of the Board at McKissack & McKissack, on her family-run construction business, which dates back more than 120 years, and her appointment as the next Chair of the New York Building Congress
Bloomberg Opinion Editor Mark Gongloff on key policy changes at the Environmental Protection Agency and new financing for a project aimed at installing small nuclear reactors underground

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Coursera CEO on Earnings, AI, Pending Udemy Merger

Tue, 10 Feb 2026 13:00:00 +0000

Coursera, a leading global online learning platform, last week announced financial results for its fourth quarter and full year ended December 31, 2025. The company's shareholder letter noted significant progress in "AI-native product innovation and data-driven decision making across the business." For full year 2025, Coursera reported revenue growth to $757 million, an increase of 9% year over year, and a record $78 million of Free Cash Flow, up 32% over the prior year.

Greg Hart, the company's CEO, discusses the key drivers behind the rise in Coursera's core subscription and course offerings, as well as the status of his firm's pending tie-up with Udemy, which was announced in December. Greg speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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S&P 500 Closes Near Record as Tech Keeps Rallying

Mon, 09 Feb 2026 22:43:46 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Another rally in tech companies after an artificial intelligence-driven rout drove stocks higher ahead of economic data that will help shape the Federal Reserve outlook. Gold topped $5,000. The dollar fell.

Following a surge that added $1 trillion to the S&P 500’s value at the end of last week, the index kept rising to approach its all-time highs. The technology firms that were at the center of a bruising slide continued to bounce. A gauge of chipmakers climbed 1.4% while an ETF focused on software names extended a back-to-back advance to almost 7%. Oracle Corp. jumped 9.6%.

In order to finance its AI ambitions, Alphabet Inc. is set to raise $20 billion from a US dollar bond offering — more than the $15 billion expected — and is also pitching investors on what would be its first ever offerings in Switzerland and the UK. The latter would include a rare sale of 100-year bonds.

Traders are also gearing up for a busy week of economic data that include the two most-consequential snapshots — employment and inflation.

The jobs report - due Wednesday - is expected to show payrolls rose 69,000 in January. The unemployment rate is seen steady at 4.4%. The data will also include historical revisions that are anticipated to show a sizable downward adjustment to payrolls in the year through March 2025.

Today's show features:

Stuart Kaiser, Head of US Equity Trading Strategy at Citi, on the tug-of-war between market momentum and seasonal trends
Bloomberg News Health Reporter Madison Muller on Novo Nordisk suing Hims and Hers Health for making knock-offs of its obesity medicines
Joyce Huang, Senior Client Portfolio Manager with American Century Investments, on the fixed income market and the key drivers for near-term equity market returns
Denise Paulonis, President and Chief Executive Officer of Sally Beauty Holdings, on quarterly earnings and the health of the consumer

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Xero CEO Unafraid of the ‘SaaSpocalypse’

Mon, 09 Feb 2026 13:00:00 +0000

Since ChatGPT arrived on the scene some three years ago, analysts have been warning that entire industries, including software programming, legal services and film production, are at risk of being disrupted by artificial intelligence. But it took a wave of disappointing earnings reports, some improvements in AI models, and the release of a seemingly innocuous add-on from AI startup Anthropic to suddenly wake up investors en masse to the threat. The result has been the biggest stock selloff driven by the fear of AI displacement that markets have seen. And no stocks are hurting more than those of software-as-a-service (SaaS) companies.

Sukhinder Singh Cassidy, the CEO of cloud-based accounting software provider Xero, explains why she believes the firm's small business tools will be enhanced by AI, not overtaken, as the firm builds its large language model (LLM) "on the back of" AI models. Sukhinder speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - February 6th, 2026

Sat, 07 Feb 2026 05:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”
Hosted by Carol Massar and Tim Stenovec
Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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White House Explores Opening Antitrust Probe on Homebuilders

Fri, 06 Feb 2026 23:03:13 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Trump administration officials are exploring opening an antitrust investigation into US homebuilders as the White House sharpens its focus on tackling the country’s housing affordability crisis.

The Department of Justice could open the probe in the coming weeks, according to people familiar with the discussions. No decision has been made and the administration may abandon the effort without launching an investigation, the people said, asking not to be identified discussing non-public information.

One potential focus is on how information is shared through an industry trade group called Leading Builders of America, according to the people. Officials have grown concerned that the trade group — whose members include Lennar Corp. and DR Horton Inc. — could be used to restrict housing supply or coordinate pricing, the people said.

A White House representative referred a request for comment to the Department of Justice, which declined to comment. Representatives for the homebuilders and the trade group didn’t immediately respond to requests for comment.

The administration’s interest in homebuilders comes during a period where the cost of buying a home is at its most expensive in decades, with the Covid-era housing boom and subsequent interest rate hikes weighing heavily on buyers. It’s also a precarious time for the builders themselves, with the inventory of unsold homes hovering at high levels.

President Donald Trump put the industry on alert in October, when he used a social media post to compare big homebuilders to The Organization of the Petroleum Exporting Countries, which wields immense control over the oil market.

Today's show features:

Bloomberg News Real Estate Reporter Patrick Clark discussing on Trump administration officials mulling an antitrust probe into US homebuilders to tackle the country's housing affordability crisis
Gregory Daco, Chief Economist at EY, on expectations for the upcoming January jobs report and the broader US economic outlook
Mark Mahaney, Senior Managing Director and Head of Internet Research at Evercore ISI, on mega-cap tech firms’ AI spending splurge and recapping earnings from Alphabet, and Amazon
Bloomberg News Executive Editor for Crypto, Payments and Digital Finance stacy-marie ishmael on this week’s large swings in Bitcoin and cryptocurrency prices

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ConnectOne's 4Q Beat Shows Ongoing Momentum: Earnings Outlook

Fri, 06 Feb 2026 13:00:00 +0000

ConnectOne Bancorp delivered an 8% increase in adjusted pre-provision net revenue in its most recent quarter, reflecting margin expansion and operating efficiency. Bloomberg Intelligence notes that management tempered loan-growth expectations for 2026 to 3-5% from 5% vs. estimates of 5.5%, and expects net interest margin to exit 2026 at 3.35-3.4% vs. consensus' 3.45%.

Frank Sorrentino, Founder and CEO of ConnectOne Bank discusses the state of regional and local banks as Santander snaps up Webster for $12 billion in a push for US expansion. Sorrentino says smaller banks benefit from consolidation as clients move from firm to firm and bank product options change. He also discusses the state of the consumer and the housing market as the Trump administration mulls different housing-related proposals centered around affordability. Frank speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bitcoin Drops Below $63,000, Wiping Out Gain Since Trump’s Win

Thu, 05 Feb 2026 23:10:40 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bitcoin tumbled below $63,000 as the unwinding of leveraged bets and broader market turbulence deepened a selloff that has wiped out all of the gains since President Donald Trump’s election set off a speculative rush into cryptocurrencies.

The token fell as much as 14% Thursday to $62,267, the lowest since October 2024. The rout has erased half of Bitcoin’s value since it reached a record four months ago and has spread to other tokens, related ETFs and companies like Strategy Inc. that hold vast sums of coins.

The downturn has marked an abrupt retreat from Bitcoin’s meteoric rise through much of last year, when the return of the crypto-friendly Republican to the White House sent investors piling into such tokens and the Wall Street vehicles that have sprouted up around them. The market started cracking this month as rising geopolitical tensions sent tremors across global financial markets and curbed risk taking. That sparked Bitcoin’s precipitous decline from mid-January and set off a self-reinforcing cycle of selling as funds liquidated assets to meet redemptions and unwind leveraged bets.

The slide has echoes of the one in 2022, when prices retreated sharply from the surge seen during the easy-money era of the pandemic as the Federal Reserve tightened monetary policy. It has already taken a toll on intermediaries like the exchanges Coinbase Global Inc., whose shares have tumbled more than 30% this year, and Gemini Space Station Inc., which said it plans to cut up to 25% of its workforce and wind down operations in the UK, European Union and Australia.

Today's show features:

Paul Krugman, Nobel Prize Winning Economist and Research Professor at the City University of New York’s Graduate Center, on his latest Substack column about the dive in the price of Bitcoin and broader market for cryptocurrencies
Jurrien Timmer, Director of Global Macro at Fidelity Investments, on the investing landscape and on whether the recent market downturn is a sign of what’s to come.
Bloomberg Opinion Senior Executive Editor Tim O’Brien on his column examining the potential national security risks of the United Arab Emirates seeking deeper access to advanced American semiconductors
James Cakmak, Co-Founder and Chief Investment Officer at Clockwise Capital, on quarterly earnings from Amazon

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Instant Reaction: Amazon Boosts Spending Far Ahead of Estimates

Thu, 05 Feb 2026 21:49:53 +0000

Amazon said it plans to spend billions more than expected on data centers, chips and other equipment, fueling investor concerns that the company’s massive bet on artificial intelligence will take longer to pay off than anticipated.The company reported $39.5 billion on property and equipment expenses in the fourth quarter, topping estimates by almost $5 billion, and said its capital expenditures would reach $200 billion this year. Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure Poonam Goyal and James Cakmak, Co-Founder and Chief Investment Officer at Clockwise Capita

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The Next Biotech Breakthrough

Thu, 05 Feb 2026 13:00:00 +0000

Jenny Rooke, Ph.D., is the founder and Managing Director of Genoa Ventures. She leverages her unique toolkit of genetics domain expertise, strategic business acumen, and venture investing to launch and empower the next generation of category-defying companies at the convergence of technology and biology. Dr. Rooke has nearly two decades of investing experience, beginning at Fidelity Biosciences in 2006 as a Kauffman Fellow.

Coming off the annual JPMorgan Healthcare Conference in January, Dr. Rooke says she's encouraged by new scientific tools in development as well as the broader tailwinds for the biotech sector. She discusses her takeaways from the conference and the importance of emerging specialties in so-called “precision medicine” with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Alphabet to Blow Past Investor Expectations for AI Spending

Wed, 04 Feb 2026 22:46:37 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Alphabet Inc. shares slipped after the company reported fourth-quarter revenue that beat expectations but said it plans to spend far more than investors expected in 2026.

The Google parent said it will spend $175 billion to $185 billion this year, compared with the $119.5 billion analysts expected. The company’s fourth-quarter sales, excluding partner payouts, were $97.23 billion, surpassing the $95.2 billion expected on average by analysts, according to data compiled by Bloomberg.

Chief Executive Officer Sundar Pichai said the investments are paying off. “We’re seeing our AI investments and infrastructure drive revenue and growth across the board,” he said Wednesday in the statement. “Search saw more usage than ever before, with AI continuing to drive an expansionary moment.” Google Cloud revenue was $17.7 billion, beating the $16.2 billion analysts expected.

Google has raced to reinvent its business for the AI age, working to keep consumers in the habit of going to its search page even when they could also go to chatbots from rivals like OpenAI. The company has quickly improved its Gemini model and integrated it throughout its products — an effort that has required massive investment in data centers and chips for model improvement and cloud customers.

The industry has leaned on Google’s progress. Google is supplying up to one million of its specialized AI chips to Anthropic, cementing Google’s position as a key infrastructure provider in the AI space. Gemini will also be a provider of AI for Siri on Apple Inc.’s iPhones. The Gemini app has 750 million monthly active users.

Today's show features:

Bloomberg Intelligence Senior Global Head of Technology Research Mandeep Singh and reacts to quarterly earnings from Alphabet
Dan Ives, Global Head of Technology Research at Wedbush Securities, on Alphabet earnings and why he sees the world's biggest software companies weathering the storm brought on by artificial intelligence
Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on Wednesday’s call between President Donald Trump and China’s Xi Jinping, and strained talks between the US and Iran
Axel Merk, President and Chief Investment Officer of Merk Investments, on the precious metals trade and the potential market impact of a Kevin Warsh-led Federal Reserve

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New Driivz CEO Sees EV Market Stabilizing, Continued Growth

Wed, 04 Feb 2026 13:00:00 +0000

Driivz, a company owned by publicly-traded Vontier, is a global software supplier to electric-vehicle charging operators and service providers. It aims to accelerate the plug-in EV industry’s ongoing transformation using a cloud-based platform that spans EV charging operations, energy management, advanced billing capabilities and driver self-service tools.

Shiri Levi-Laor was appointed on January 14 as the new Chief Executive Officer of Driivz. She joined the firm at the start of 2025, previously serving as Chief Operating Officer. She discusses her company's technology offerings and the EV market outlook amid recent sales slumps at Tesla and China's BYD. Shiri speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Stock Rotation Hits Tech Giants as Small Caps Rise

Tue, 03 Feb 2026 22:34:59 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A tech selloff dragged down stocks from near-record levels amid a rotation into more economically sensitive industries. A flare-up in geopolitical risks lifted oil while gold bounced after a historic rout. Bitcoin hit the lowest since President Donald Trump’s election victory.

The plunge in software makers weighed on trading as Anthropic’s automation tool heightened concerns their core businesses are at risk. The S&P 500 fell 0.8% and the Nasdaq 100 slid 1.6%. In late hours, Advanced Micro Devices Inc. gave a disappointing forecast. Energy firms joined crude higher as the US Navy shot down an Iranian drone headed toward an aircraft carrier in the Arabian Sea.

Despite losses in major benchmarks, most shares in the S&P 500 actually rose. FedEx Corp. - an economic barometer - extended a record-breaking rally. Walmart Inc. topped $1 trillion.

Bets on AI companies have dominated the US equity market for three years, but a growing number of investors are now wagering that run, led by the “Magnificent Seven” megacaps, is giving way to broader market participation. In fact, a violent rotation has taken place in 2026, with value shares far outpacing growth.

Today's show features:

Bloomberg News Senior Editor, Equities Americas Eric Weiner on the Tuesday trade and Wall Street’s rising jitters centered around AI’s impact on software companies
Neil Dutta, Partner and Head of Economics at Renaissance Macro Research, on the US monetary policy outlook and President Donald Trump choosing Kevin Warsh as his nominee to lead the Federal Reserve
Bloomberg News Real Estate Reporter Patrick Clark on homebuilders’ plan for a massive program to develop "Trump Homes" to address the US affordability crisis
Jaime Magyera, Managing Director, Head of US Wealth Advisory and Head of Retirement at BlackRock, on key investing and retirement planning trends

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Picpay CEO Eduardo Chedid on the Rise of Brazil's Fintech Players

Tue, 03 Feb 2026 13:00:00 +0000

Brazilian fintech company PicPay launched in 2012 as a digital wallet and now operates as a full-service digital bank with nearly 66 million customers. Controlled by the Batista family, owners of JBS, PicPay has posted strong revenue and profit growth, becoming one of the first major Brazilian companies to tap US equity markets since Nu Holdings’ blockbuster IPO in 2021. The offering was led by Citigroup, Bank of America, and Royal Bank of Canada.

Eduardo Chedid is the CEO of PicPay. He has more than 20 years of experience in the electronic payment sector and has helped build PicPay into Brazil's third-largest digital bank. Eduardo discusses to firm's US market debut, and prospects for continued growth in the fintech sector with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Musk’s SpaceX Said to Combine with xAI Ahead of Mega IPO

Mon, 02 Feb 2026 22:29:33 +0000

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Elon Musk plans to merge SpaceX with xAI, according to people familiar with the matter, in a deal that encompasses the billionaire’s increasingly costly ambitions to dominate artificial intelligence and space exploration.

The deal was announced in a memo on Monday, the people said, asking not to be identified as the information isn’t public. The combined company is expected to price the shares at about $527 each, and would have a valuation of $1.25 trillion, some of the people said.
Representatives for SpaceX and xAI didn’t immediately respond to requests for comment.
Bloomberg News earlier reported on the discussions. SpaceX is planning an initial public offering that could raise as much as $50 billion, Bloomberg News has reported. It also discussed a possible merger with Tesla.

The deal brings together two of the largest closely held companies in the world. XAI raised funds at a $230 billion valuation in January, while SpaceX was set to go ahead with a share sale in December at about a valuation of about $800 billion, Bloomberg reported, and is exploring a possible IPO.

It also further entangles Musk’s various business ventures. The billionaire acquired social media platform Twitter in late 2022, renamed it X, then merged the site with his artificial intelligence startup xAI in a $33 billion deal. XAI, which also operates chatbot Grok, is an expensive operation, burning around $1 billion a month in service of its stated ambition to gain “a deeper understanding of our universe.” A merger with SpaceX pools capital, talent, access to compute — and blurs corporate boundaries.

The tie-up may crystallize Musk’s vision to put data centers in space to do complex computing for AI. SpaceX is requesting permission to launch as many as a million satellites into the Earth’s orbit for the plan, according to a filing Friday.

Today's show features:

Gil Luria, Managing Director and Head of Technology Research at DA Davidson, breaks down quarterly earnings from Palantir and and Elon Musk's plans to merge SpaceX with xAI
Bloomberg Tech Co-host Ed Ludlow on how Elon Musk aims to dominate both artificial intelligence and space exploration
Jayati Bharadwaj, Director of FX Strategy at TD Securities, on the recent weakening in the US dollar
Paisley Nardini, Head of Multi-Asset Solutions at Simplify Asset Management, on why she sees the rotation trade into value stocks taking hold

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Aon CFO Edmund Reese on 4Q Earnings, Global Risk Outlook

Mon, 02 Feb 2026 13:00:00 +0000

Aon's initial 2026 margin guidance is slightly better than analyst estimates, on the heels of a solid fourth quarter. Bloomberg Intelligence notes that organic growth was in line with Wall Street as upside in reinsurance offset a miss in health. The 2025 result of 6% is close to the previous three years but better than peer Marsh. The consolidated adjusted operating margin beat consensus and expanded from a year earlier making the 2025 result also better than estimates.

Edmund Reese, Executive Vice President and Chief Financial Officer of Aon, discusses the key risks facing the firm in 2026 and how it is positioning itself to better serve clients and stakeholders amid global uncertainty. Edmund speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - January 30th, 2026

Sat, 31 Jan 2026 05:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

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Warsh Set to Face Early Reality Check as Trump’s Man at the Fed

Fri, 30 Jan 2026 22:54:31 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Kevin Warsh waited almost a decade before finally clinching President Donald Trump’s nomination to be chair of the Federal Reserve. He won’t need to wait as long before his first big test in the job.

Having won the race with a promise of “regime change” at the Fed, suggesting he would make significant changes, Warsh has pledged to shrink the Fed’s balance sheet and argued that a productivity boom driven by artificial intelligence will keep inflation low.

While that prognosis was enough to convince Trump, his Fed pick will now need to convince fellow policymakers and investors. After cutting rates three times late last year the Fed hit pause in January amid persistent inflation, signs of a stabilizing labor market and expectations for stronger growth in 2026. Traders aren’t pricing another rate cut until June, at the earliest.

The tension in Trump’s demand for cheaper borrowing costs may ultimately be resolved by a weakening labor market or lower inflation. Such a backdrop would greenlight Warsh to push for more rate cuts, and possibly win support from other policymakers.

Today's show features:

Bloomberg TV and Radio International Economics & Policy Correspondent Michael McKee on President Donald Trump’s intent to nominate Kevin Warsh to be the next chair of the Federal Reserve
Katy Kaminski, Chief Research Strategist and Portfolio Manager at AlphaSimplex Group, on the bond market and expectations for the Federal Reserve’s next leader
Jan van Eck, Chief Executive Officer of VanEck Funds, on the stock and commodities market outlook and investing through ETFs
Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on earnings from Exxon and Chevron, and the energy market amid unrest related to events in Iran and Venezuela

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Trump’s H-1B Chaos Is Fueling an AI Boom in Indian Tech Industry

Fri, 30 Jan 2026 13:00:00 +0000

The Trump administration has pushed a sweeping policy agenda intended to hinder immigration. This has included a move in September to increase the fees on H-1B visa applications to $100,000 apiece, a staggering tenfold hike, along with other changes that have made the program less desirable to employers. Foreign-born residents are facing increasing hostility from Washington, regardless of their legal status. For many, the long-term viability of a career in Silicon Valley seems less certain than ever.

India is trying to attract skilled professionals to return home with policies like Bharat-Talent and Bharat-Return, and some foreign-born tech workers are already pivoting to the world's most populous country, where the tech industry is maturing and offering new opportunities. Saritha Rai details these developments in a Bloomberg Businessweek magazine, and speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Apple Sales Crush Estimates in Record Quarter for the iPhone

Thu, 29 Jan 2026 23:07:19 +0000

The people, companies and trends shaping the global economy.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Apple Inc.’s revenue in the holiday quarter trounced Wall Street estimates, driven by strong demand for the new iPhone 17, growth in services and a rebound in China.

Revenue jumped 16% to $143.8 billion in the period that ended Dec. 27, setting a record, the company said in a statement Thursday. Analysts had estimated $138.4 billion on average, according to data compiled by Bloomberg. Apple’s own projections were for an increase 10% to 12%.

“IPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment,” Chief Executive Officer Tim Cook said in the statement.

The results reflect the success of Apple’s latest iPhone, a product line that accounts for roughly half its revenue. Higher-end versions of the device have been especially popular, helping further fuel sales and profit for the company.

Apple’s renewed growth should help ease concerns about its artificial intelligence push, which is getting an overhaul this year after recent stumbles. The performance also suggests that the company is coping with tariffs, which Apple previously said would create a $1.4 billion headwind in the quarter.

Today's show features:

Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple’s last financial numbers
Bloomberg Tech Co-Host Ed Ludlow dissects Apple’s earnings report
Tom Narayan, Lead Equity Analyst, Global Autos at RBC Capital Markets, on Tesla earnings and the broader car market
Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments on geopolitical risks in markets and the weakening US dollar

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Forge Global CEO Kelly Rodriques on SpaceX and the IPO Outlook

Thu, 29 Jan 2026 13:00:00 +0000

SpaceX has lined up four banks to lead its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and satellite firm moves forward with plans for the biggest-ever listing. The company sees Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley in senior roles, the people said, asking not to be identified as the information isn’t public.
Kelly Rodriques is the CEO of Forge Global, a leading provider of marketplace infrastructure, data services, technology and investment solutions for the private market. The firm was recently acquired by Schwab in a deal expected to close this year. Kelly breaks down Forge’s latest data highlighting 2025 private market performance and expectations for the IPO market in 2026, including a protentional mega-offering for SpaceX. He speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trade and Geopolitics on the High Seas

Wed, 28 Jan 2026 13:00:00 +0000

Stamatis Tsantanis is the Chairman and Chief Executive Officer of Seanergy Maritime Holdings Corp. He joined the Company in 2012 and led its rise to a world-renowned pure-play Capesize company listed in the US, with cargo carrying capacity exceeding 3.4 million deadweight tons. Stamatis is also the Founder, Chairman and Chief Executive Officer of United Maritime Corporation, an independent diversified public shipping company that was initially established as a subsidiary of Seanergy.

The two companies have a combined fleet of 25 ships sailing around the world, with each measuring roughly the size of two football fields and hauling a variety of dry bulk commodities to various destinations. Stamatis discusses the health of the global shipping industry and how exogenous events such as wars and other geopolitical tensions affect his business. He speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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S&P 500 Hits Record High as Dollar Selloff Deepens

Tue, 27 Jan 2026 22:40:10 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street traders sent stocks to all-time highs on speculation that solid corporate earnings will keep powering market gains. The dollar slid to an almost four-year low. Gold held above $5,000.

Not even a slump in consumer confidence prevented a fifth day of gains for the S&P 500, which approached 7,000. United Parcel Service Inc. gave a bullish outlook. The Nasdaq 100 rose 0.9% before results from megacaps. UnitedHealth Group Inc. led losses in insurers on a disappointing forecast and as the US proposed holding payments to private Medicare plans flat next year.

The dollar slid to its lowest since February 2022 as signs of US support to boost the yen reinforced the argument about potential coordinated intervention to guide the greenback lower against key trading partners.

On the eve of the Federal Reserve decision, Treasury yields edged up. The central bank is projected to halt its rate-cutting cycle as a steadier jobs market restores a degree of consensus among officials after months of growing division.
The expected decision to hold rates is likely to amplify the outrage of President Donald Trump, who wants them slashed.

Today's show features:

Bloomberg News FX and Rates Reporter Carter Johnson on the US dollar weakening to its lowest level in four years
Sheila Kahyaoglu, Managing Director in Equity Research at Jefferies, on Boeing’s quarterly results and the outlook for aviation and aerospace industries
Bloomberg News Senior Reporter Jennifer Dlouhy on the White House shifting gears in its sweeping immigration crackdown in Minneapolis
Karen Veraa-Perry, Head of US iShares Fixed Income Strategy at BlackRock, on investing in the fixed income market through ETFs, and US monetary policy expectations

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Fastenal CEO on US Manufacturing, Emerging Tech, Leadership Challenges

Tue, 27 Jan 2026 13:00:00 +0000

Fastenal Company (Nasdaq: FAST) announced last month that Daniel Florness had communicated to the company's Board of Directors his decision to step down from his role as Chief Executive Officer of Fastenal on July 16, 2026. On December 19, 2025, Fastenal's Board appointed Jeffery M. Watts, Fastenal's current President and Chief Sales Officer, to succeed Mr. Florness as Fastenal's CEO effective as of July 16, 2026.

Florness joined Fastenal in 1996 and became CEO back in 2016. He expects to continue to serve as a Strategic Advisor to the firm's incoming CEO until early 2028. Dan joins to discuss the health of the company as he enters his final months at the helm, and how emerging technology has increasingly impacted the manufacturing landscape. Dan speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump Signals Deportation Strategy Shift After Minnesota Outcry

Mon, 26 Jan 2026 23:57:02 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump indicated he’ll make changes to his administration’s deportation crackdown in Minnesota after the killing of two US citizens during immigration raids sparked nationwide uproar.

The president said he was sending US border czar Tom Homan — who is seen as relatively measured compared to rivals, including Homeland Security Secretary Kristi Noem — to Minneapolis in a bid to deescalate tensions.

Trump also spoke with Minnesota Governor Tim Walz, telling the Democrat who he has derided as “grossly incompetent” that he would consider independent investigations into the shootings and reducing the number of federal agents in his state.

Later, the White House suggested it could remove US Customs and Border Protection personnel from Minnesota if state and local law enforcement adopted additional “cooperative measures” to assist in the apprehension of undocumented migrants.

Taken together, the comments indicated that Trump might recognize that his maximum pressure deportation campaign has eroded public faith in immigration officials as well as his own political standing. That poses a risk for Republicans heading into November’s midterm elections.
The federal government is at risk of a partial government shutdown at the end of the week after Senate Democrats said they could not back a funding bill without new curbs on immigration enforcement.

Today's show features:

Wendy Schiller, Professor of Political Science at Brown University, on President Donald Trump sending US border czar Tom Homan to Minneapolis amid a growing outcry over his immigration crackdown
Stephanie Guild, Chief Investment Officer at Robinhood Markets, on markets, retail investing trends., interest rates and Federal Reserve policy
Rebecca Homkes, Faculty at the London Business School and at Duke Corporate Executive Education, on how executives are responding to US tariff policy and economic uncertainty
Stephanie Aliaga, Global Market Strategist at JPMorgan Asset Management, provides a corporate earnings progress report and commentary on US monetary policy

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Macron’s Blue Aviators Spur 70% Surge in Tiny Italian Firm

Mon, 26 Jan 2026 13:00:00 +0000

When French President Emmanuel Macron walked out onto a Davos stage sporting a pair of reflective blue aviator sunglasses, Stefano Fulchir, the CEO of iVision Tech SpA, did a double take. Almost immediately, orders starting pouring in for Macron’s frames, the brand’s Doublé or Laminé aviators that retail for €659. The attention on the sunglasses garnered almost as much commentary as Macron’s speech in which he blasted US trade policy.
The French president wore the sunglasses after having what he termed a benign but unsightly issue, about which he joked last week in France. A spokesman for Macron confirmed the glasses were part of Henry Jullien’s brand.
Stefano discusses the sudden sales boom for the high-end eyewear, and the family-owned company's growth plans. He speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - January 23rd, 2026

Sat, 24 Jan 2026 05:05:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

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Major Storm to Test Power Grids Across Much of US This Weekend

Fri, 23 Jan 2026 23:48:28 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Snow and dangerously bitter cold have begun to spread from the Rocky Mountains to the Great Lakes as a massive storm pushes toward the US Northeast, disrupting travel and threatening power outages for much of the nation.
The storm is expected to span nearly 1,500 miles (2,400 kilometers), bringing heavy snow, crippling ice and subzero wind chill to some of the biggest US cities. Natural gas prices surged on concern iced-over equipment will choke supplies. Airlines have already canceled more than 3,000 flights and Amtrak has pulled dozens of trips from its schedule.
Chicago schools were closed Friday as the third-largest US district braced for wind chills of -30F (-34), while ski resorts in Michigan took the unusual step of shutting slopes because of the extreme cold.
“This is a gigantic storm,” former Federal Emergency Management Agency chief Deanne Criswell said during a Bloomberg Television interview. “Close to 200 million people” are in the path of the weather system.
Through Monday morning, Nashville and Charlotte could see more than a half-inch (1.3 centimeters) of freezing rain. That’s enough to snap tree branches and power lines, potentially triggering widespread power outages. The punch of polar air sent power prices soaring. Prices for electricity and natural gas — the No. 1 power-plant fuel, as well being widely used for home heating — jumped ahead of the storm and remain elevated.
Today's show features:

Bloomberg News Energy Reporter Josh Saul on the significant storm spreading from the Rocky Mountains to the Great Lakes and toward the US Northeast, disrupting travel and threatening power outages
Andrew Krei, Chief Investment Officer at Crescent Grove Advisors, on Federal Reserve policy and the market outlook
Bloomberg News Technology Reporter Alexandra Levine on the US arm of TikTok getting bought by an Oracle-led consortium
Lauren Hochfelder, Head of Global Real Assets at Morgan Stanley, on the US real estate market and outlook

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Cathie Wood Unveils ARK Invest's Big Ideas for 2026

Fri, 23 Jan 2026 13:00:00 +0000

ARK Invest’s "Big Ideas 2026" marks the 10th annual edition of the firm's flagship research report. ARK says the report is designed to identify and contextualize the technologies reshaping the global economy. The company aims to find key signals and focus on long-term innovation platforms, as exponential technologies are converging, markets are transforming, and new opportunities are emerging.
Cathie Wood, the founder, CEO and CIO of ARK Invest, discusses why she believes the AI boom will help drive productivity gains in the future, predicting what would be historic GDP growth that will average more than 7% by the end of the decade. Cathie speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Intel Gives Weak Forecast After Supply Shortages Hurt Sales

Thu, 22 Jan 2026 23:03:37 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Intel Corp. gave a lackluster forecast for the current quarter because supply shortages are making it harder to meet customer demand, a disappointment for investors who anticipated more of a boost from new products.
First-quarter revenue will be $11.7 billion to $12.7 billion, the company said in a statement Thursday. The midpoint of that range fell short of the $12.6 billion estimated by analysts. The company expects to break even in earnings per share, excluding certain items. Wall Street had projected a profit of 8 cents a share.
Intel is struggling with its manufacturing yields — the percentage of usable chips coming out of its factories — hampering a comeback bid. The once-dominant semiconductor company has spent years trying to restore its technological edge and recover from market share losses, and this is one more setback.
Demand is “quite strong,” and the company is working hard to fix its manufacturing problems, Chief Executive Officer Lip-Bu Tan said in an interview. But Intel used up much of its inventory in the fourth quarter, he said.
Today's show features:

Ivan Feinseth, Research Director and Chief Investment Officer at Tigress Financial Partners, on quarterly earnings from Intel
Bloomberg Businessweek Senior Reporter Max Chafkin on Tesla CEO Elon Musk’s visit to the World Economic Forum
Joe Feldman, Senior Managing Director and Assistant Director of Research at Telsey Advisory Group, on consumer spending trends to watch
Bloomberg Meteorologist Craig Allen on the massive snow storm set to sweep across the US

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Schwab Trading Volume Swells to End Strong Year for Markets

Thu, 22 Jan 2026 13:00:00 +0000

Charles Schwab Corp. reported a surge in average daily trading volume in the fourth quarter as retail investors sought to take advantage of the end of a strong year for the stock market. Total net new assets for the quarter totaled $158.2 billion, more than the $144 billion projected, and daily average trading volume jumped to 8.27 million, up 31% from a year earlier. Still, net revenue of $6.34 billion missed Wall Street analyst expectations of $6.37 billion for the last three months of the year. Adjusted earnings totaled $1.39 a share, matching analysts’ projections.

Rick Wurster, Schwab's President and CEO, discusses his firm's latest results, as well as how the firm is reckoning with the rise of prediction markets. Rick speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump Backs Off Greenland Tariffs, Citing ‘Framework’ Deal

Wed, 21 Jan 2026 22:40:15 +0000

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President Donald Trump said he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland, citing a “framework of a future deal” he said was reached regarding the island.
The decision, which Trump announced Wednesday on social media, marks a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland. It came after a meeting with North Atlantic Treaty Organization Secretary General Mark Rutte at the World Economic Forum in Davos, Switzerland.

Still, Trump did not detail the parameters of the so-called “framework” and it was unclear what the agreement entails, especially since Denmark earlier Wednesday ruled out negotiations over ceding the semi-autonomous island to the US.

“We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” Trump posted. “This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st.”

US stocks jumped on the news that tariffs wouldn’t be implemented, with the S&P 500 and Nasdaq 100 rallying to session highs. Treasuries extended gains, and the Bloomberg Dollar Index rose to a daily high.

Today's show features:

Bloomberg News National Security Team Leader Nick Wadhams on President Donald Trump saying he would refrain from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland
Alicia Reese, SVP Equity Research, Media & Entertainment at Wedbush Securities, with a day-after look at Netflix and when the Warner Bros. Discovery saga will be resolved
Jonathan Reckford, CEO for Habitat for Humanity, on the Trump administration’s recent focus on housing affordability and related executive order
Gregory Peters, Co-Chief Investment Officer of PGIM Fixed Income, on bond market signals and the US economic outlook

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Netflix to Boost Program Spending in 2026, Crimping Profit

Tue, 20 Jan 2026 22:46:36 +0000

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Netflix Inc. delivered fourth-quarter results that largely beat Wall Street estimates but issued a cautious forecast for the months ahead, citing higher program spending and the cost of closing its deal with Warner Bros. Discovery Inc.

The streaming leader said Tuesday it plans to increase spending on films and TV shows by 10% in 2026 while forging ahead with plans to buy the studio and streaming business of Warner Bros., a deal that would unite two of the world’s largest entertainment companies. Netflix spent about $18 billion on programming last year, with subscribers growing almost 8% to top 325 million
For the current quarter, Netflix forecasts earnings of 76 cents a share, below Wall Street estimates of 82 cents. Sales will be $12.2 billion, in line with estimates. Closing the Warner Bros. deal will add $275 million in costs for this year, on top of the $60 million spent through year end. Netflix will pause share buybacks to accumulate cash for the acquisition, according to its quarterly letter to shareholders.

Today's show features:

Eric Clark, Chief Investment Officer at Accuvest Global Advisors, reacts to Netflix’s latest results and discusses how to invest in the streaming giant
Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan breaks down quarterly earnings from Netflix
Bob Michele, Chief Investment Officer and Head of the Global Fixed Income, Currency & Commodities (GFICC) group for JPMorgan Asset Management on the fixed income market, the Federal Reserve’s next move
Joanna Gallegos, Co-Founder of BondBloxx, on the corporate credit outlook as earnings season kicks into high gear

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The US Auto Business Through the Aftermarket's Eyes

Tue, 20 Jan 2026 22:33:34 +0000

FullSpeed Automotive is among the largest franchisors and operators of automotive aftermarket repair facilities in the United States. It is home to flagship brands such as Grease Monkey, SpeeDee Oil Change & Auto Service, and Kwik Kar. FullSpeed brands offer oil changes, tire sales and rotations, brake services, car washes, and other ancillary services through multiple brand formats that target several desirable segments of the service market. The company's geographic footprint includes more than 900 franchised and company-owned locations.

Brian Maciak was announced as the company’s new CEO in November of 2025. He discusses the health of the $500 billion aftermarket services industry and what the broader economic outlook means for his customer base. Brian speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Nobel Prize-Winning Economist Offers a Unified Theory of Trump

Mon, 19 Jan 2026 13:00:00 +0000

In a piece written for Bloomberg Businessweek magazine, Daron Acemoglu, Institute Professor of MIT's Department of Economics, muses on whether there is a way to better understand the mind and methodology of US President Donald Trump. Acemoglu writes that "most of the (Trump) administration’s actions — the questionable crypto dealings, the appointment of unqualified allies to high-level positions, the unconstitutional deportations and National Guard deployments, the ouster of a Latin American head of state — have a logic. They’re all attempts to expand executive power, steps toward a type of imperial presidency."

The 2024 winner of the Nobel Prize in Economic Sciences details his assessment and whether the expansion of Trump's executive powers will ultimately lead to a fundamental change in American politics. Professor Acemoglu speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - January 16th, 2026

Sat, 17 Jan 2026 00:00:00 +0000

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Trump Wants Tech Giants to Pay for Power. They’d Love To.

Fri, 16 Jan 2026 22:56:44 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump is calling for an emergency wholesale electricity auction that, his administration says, will force technology companies to pay for the new power they need to run massive AI data centers under construction across the country.

The truth is Amazon.com Inc., Microsoft Corp., Alphabet Inc., Meta Platforms Inc., OpenAI and all the other major tech firms behind the AI data center boom are more than happy to shell out for more electricity generation. And they have been.

Amazon, Microsoft, Alphabet and Meta collectively spend hundreds of billions of dollars on capital investments annually, far exceeding the budgets of the entire utility segment. Data center developers have in fact already said they’d like to buy electricity off the nation’s power grids as opposed to signing contracts directly with power generators. That’s because grid rates can be cheaper, grids are equipped with backup resources and such systems can help stabilize supplies during extreme weather events. Hyperscalers have also been signing contracts to help bring back nuclear or build new nuclear.

Either way, the reality is tech companies have been trying to secure power from every source they can find — both on and off the grids — with data center power demand set to triple by 2035.

Today's show features:

Bloomberg News Senior Editor for Technology & Strategic Industries Michael Shepard on the White House working with a group of Northeastern state governors on an emergency wholesale electricity auction to push technology companies to fund new power plants
Lesley Marks, Chief Investment Officer, Equities at Mackenzie Investments, on where investors should be seeking returns in 2026 and the biggest risks to markets
Maja Vujinovic, CEO of Digital Assets at FG Nexus, on recent volatility in the cryptocurrency sector and key indicators for 2026
David George, Senior Research Analyst at Baird, recaps big bank earnings and looks ahead to another big week for the financial sector

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Family-Owned Toymaker Waiting on the Supreme Court

Fri, 16 Jan 2026 13:00:00 +0000

Rick Woldenberg runs two educational-toy businesses near Chicago, Learning Resources and hand2mind. The firms are considered to be among the world leaders in the development of over 2,000 experiential, hands-on learning materials, which are sold in more than 100 countries. But their products have been hit especially hard by President Donald Trump’s fluctuating global tariffs. Woldenberg’s companies sued last April to invalidate the tariffs as exceeding the president’s authority. The suit is now before the Supreme Court in one of the most economically important clashes in the country's history.

As global corporations await the American high court's ruling on the tariffs' legality, Woldenberg details their impact on his family-run firms, and how he's weathering the storm. Rick speaks with Carol Massar, Tim Stenovec and Bloomberg News Supreme Court Reporter on Bloomberg Businessweek Daily.

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Bank CEOs Say $134 Billion Trading Record Is Just the Start

Thu, 15 Jan 2026 22:52:03 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Morgan Stanley Chief Executive Officer Ted Pick started summing up his outlook after Wall Street’s banner year for trading with four words: “The setup is ideal.”

After Wall Street’s five giant banks reported a record $134 billion of trading revenue from last year and an upswing in dealmaking, Pick and peers agreed it’s poised to continue — albeit with caveats.

“As a student of these businesses for decades, I would bet you that 2021 is not the ceiling,” Goldman Sachs Group Inc. CEO David Solomon said, referring to the last record year for lenders’ trading businesses. “The world is set up at the moment to be incredibly constructive in 2026 for M&A and capital markets activity, and I think the likely scenario is it is a very, very good year.”

President Donald Trump’s turbulent policy changes and trade talks have kept investors on edge — but for bank traders that has kept paying off as clients rush to reposition their portfolios. At the same time, his administration’s deregulatory efforts and the Federal Reserve’s interest-rate cuts are reviving a moribund environment for mergers and acquisitions — quickly filling dealmakers’ pipelines.

As Morgan Stanley and Goldman posted quarterly results Thursday after reports from their largest rivals earlier in the week, the market-centric firms added to predictions for another bumper year for Wall Street operations. That contrasted with other corners of banking, such as credit-card units that have come under threat as Trump demands a cap on interest rates. Industry executives have been fielding questions about how they may respond to that, even as they themselves await information from the White House.

Today's show features:

Bloomberg News Chief Wall Street Correspondent Sri Natarajan breaks down earnings from Goldman Sachs and Morgan Stanley and Cathy Seifert, Vice President of CFRA Research, on BlackRock’s quarterly earnings and outlook
Andrejka Bernatova, Founder and CEO of Dynamix, on why she believes smaller energy companies have a chance to benefit from US action in Venezuela
Bloomberg Intelligence Global Head of Technology Research Mandeep Singh on earnings from TSMC and the health of the semiconductor sector
Emily Green, Head of Private Wealth Management at Ellevest, on financial planning and portfolio management strategies

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Women's Sports Leagues Battling for Talent

Thu, 15 Jan 2026 13:00:00 +0000

Carolyn Tisch Blodgett is the CEO and founder of Next 3, where she oversees the investment and management of a portfolio of assets in the sports, media and entertainment space. She invests across teams, leagues and technologies including Gotham FC of the National Women's Soccer League, TGL and Los Angeles Golf Club, LOVB, Transmit.Live, Jackpot.com and more. Tisch Blodgett also serves as the governor of the reigning NWSL champions, where she is the lead owner across the business. Under her leadership, the Gotham FC has seen significant growth across fan attendance, revenue and on-field performance and league-record sponsorship deals.

The increasingly popular league is facing challenges, however, as top European leagues and other organizations drive up the price tags for top players. Carolyn discusses the financial health of the NWSL as well as the growth surge in women's sports more broadly with Carol Massar, Tim Stenovec and Bloomberg News Sports Reporter Vanessa Perdomo on Bloomberg Businessweek Daily.

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Germany Leads Military Buildup in Greenland in Response to Trump

Wed, 14 Jan 2026 22:40:44 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Germany will take the lead of European nations sending military personnel to Greenland after Denmark said its meeting with top US officials intent on controlling the world’s biggest island revealed that a “fundamental disagreement” remains.

The decision to dispatch reinforcements to the Arctic territory as early as this week highlights the urgency with which European nations seek to respond to US threats over Greenland. A meeting of foreign ministers from Denmark and Greenland with US Vice President JD Vance and Secretary of State Marco Rubio in Washington failed to dispel the specter of a US takeover.
On Thursday, Germany’s “exploration mission” of 13 soldiers will arrive in Nuuk as European nations begin to work out how to ensure security in the region. Their task will be to “explore the framework conditions for possible military contributions to support Denmark in ensuring security in the region, for example, for maritime surveillance capabilities,” according to a statement from the German defense ministry.

France will participate in the joint drills in Greenland this week, according to the defense ministry’s press office, which provided no details.

In addition, Sweden is sending “several officers,” Norway two persons and the UK one officer. The reconnaissance group is visiting the island ahead of the planned “Arctic Endurance” training exercise, UK Defense Minister John Healey told reporters in Sweden. Denmark on Wednesday said the drill with North Atlantic Treaty Organization allies would become a permanent fixture.

Today's show features:

Ed Price, Senior Non-Resident Fellow at New York University, on Western Europe's response to President Donald Trump's Greenland overtures and why some allies of Russian President Vladimir Putin are concerned that he is abandoning them
Matt Hornbach, Global Head of Macro Strategy at Morgan Stanley on the market outlook and potential impact of the Supreme Court’s pending tariff ruling
Karin Kimbrough, Chief Economist at LinkedIn on Wednesday’s retail and PPI reports as well as a new report detailing the impact of AI on the US labor market
Michael Townsend, Managing Director of Legislative and Regulatory Affairs at Schwab, on expectations for the pending Supreme Court ruling on IEEPA tariffs and renewed legal action against Federal Reserve Chairman Jerome Powell

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Acadia CEO on the Fight Against Rare Diseases

Wed, 14 Jan 2026 13:00:00 +0000

Acadia Pharmaceuticals, a leader in neuroscience and rare disease, is working to advance next-generation therapies. The company's commercial portfolio already includes the first and only FDA-approved treatments for Parkinson’s disease psychosis and Rett syndrome. Acadia is also developing the next wave of therapeutic advancements with a pipeline that includes mid- to late-stage programs in Alzheimer’s disease psychosis and Lewy body dementia psychosis, along with earlier-stage programs that address other underserved patient needs.

Catherine Owen Adams, the CEO of Acadia, discusses her firm's commitment to turning scientific promise into meaningful innovation that can help make a difference for underserved neurological and rare disease communities around the world. Catherine speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily.

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Stocks Wipe Out CPI-Fueled Gains as JPMorgan Sinks

Tue, 13 Jan 2026 22:53:49 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street traders sent stocks lower as inflation data failed to alter bets on a pause in Federal Reserve rate cuts while JPMorgan Chase & Co. led a slide in banks after its results. Bonds wavered. The dollar rose.

Signs that price pressures are gradually abating gave a degree of comfort to investors in the immediate aftermath of the data, but the moves across asset classes waned as the session progressed. The S&P 500 fell from a record. JPMorgan sank 4.2% as investment-banking fees missed the guidance, with revenue from both underwriting and advising on mergers dropping.
Not even a slower-than-expected increase in the core consumer price index was able to sustain the advance in Treasuries that followed the data. After Fed Chair Jerome Powell and his colleagues deployed three rate cuts since September, money markets continued to project the next reduction only in mid-2026.

Today's show features:

Chris Whalen, Chairman of Whalen Global Advisors, on JPMorgan Chase earnings and the global banking sector
Matthew Luzzetti, Chief US Economist and Head of US Economic Research at Deutsche Bank, on the latest US CPI print and challenges to Federal Reserve independence
Savanthi Syth, Managing Director for Airlines and Advanced Air Mobility with Raymond James, on Delta’s quarterly earnings and the airline sector outlook
Bloomberg News Senior Editor, Equities Americas Eric Weiner on the Tuesday trade and Bloomberg Economics US and Canada Economist Stuart Paul on key data and the Federal Reserve

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Corporate Landlords Find Themselves in Trump's Crosshairs

Tue, 13 Jan 2026 13:00:00 +0000

The time of the corporate landlord as America’s housing villain was supposed to be over. Money managers like Blackstone Inc. and Pretium, who binged on single-family rentals in the wake of the financial crisis took blow after blow as housing prices shot up. But the cohort has since cooled its buying, and the attacks slowed. But President Donald Trump on Wednesday brought the issue front-and-center when he pledged in a social media post to stop institutional investors from buying more homes.

Stephen Scherr, Co-President at Pretium, weighs in on the president's threats against his business and how the country's leading owners of single-family rental homes might have to reposition themselves in the near-term. Stephen speaks with Tim Stenovec, Emily Graffeo and Bloomberg News Chief Wall Street Correspondent Sri Natarajan on Bloomberg Businessweek Daily.

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Powell Probe Stirs GOP Concern, Threat to Stop Trump Nominee

Mon, 12 Jan 2026 22:34:34 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investigation to pressure and intimidate the central bank.

Senator Thom Tillis, a key Republican on the Banking Committee who isn’t running for reelection, vowed quickly Sunday night to oppose any Trump nominees to the Fed until the matter is resolved. Other Republican senators, including former Bridgewater Associates CEO Dave McCormick, offered more measured pushback on Monday.

Tillis’s threat is a potential roadblock to Trump’s plans to bend the bank to his will. Opposition from Tillis would likely deadlock any Fed nominee on the Senate Banking Committee, which is divided 13-11 between the two parties. And under current Senate rules, it takes 60 votes to successfully discharge a contentious nomination from a committee and Democratic senators are highly unlikely to come to Trump’s aid.

Senate Majority Leader John Thune said the threat of a legal battle with the Fed could make confirming Fed nominees “challenging.”

Today's show features:

Heather Long, Chief Economist at Navy Federal Credit Union, on Federal Reserve independence and the health of the American consumer
Aaron Kennon, Chief Executive Officer of Clear Harbor Asset Management on the US monetary policy outlook, and whether bullish sentiment for gold and AI will persist
Bloomberg News Consumer Finance Reporter Paige Smith on President Donald Trump’s call for a cap of 10% on credit-card interest rates
Bloomberg News National Security Team Leader Wadhams on the latest developments in Iran and US options as it mulls whether to pursue new military action

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Barnes & Noble CEO James Daunt on Reviving an Iconic Brand

Mon, 12 Jan 2026 13:00:00 +0000

Barnes & Noble is the largest retail bookseller in the United States. The Company has approximately 600 bookstores across the United States, as well as its online bookstore at BN.com, the NOOK Digital business, which offers both eBooks and an audio book subscriptions service, the SparkNotes educational service, and stationery and gift retailer Paper Source.
James Daunt serves as the CEO of Barnes & Noble. He discusses his stewardship and rejuvenation of the popular chain, as well as whether the Elliott Advisors-owned company might once again become a public company. James speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - January 9th, 2026

Sat, 10 Jan 2026 00:00:00 +0000

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Oil Chiefs Lukewarm as Trump Pushes $100 Billion Venezuela Plan

Fri, 09 Jan 2026 23:40:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Major US oil executives expressed caution to Donald Trump about reentering Venezuela, even as the president pressured their companies to spend at least $100 billion to revive the country’s crude oil production.
Trump convened nearly 20 industry representatives in the East Room of the White House on Friday and predicted they could come to an agreement “today or very shortly thereafter” to restart operations in the oil-rich Latin American country, following the brazen capture of leader Nicolás Maduro.
“If you don’t want to go in, just let me know, because I’ve got 25 people that aren’t here today that are willing to take your place,” Trump told the oil representatives.
Comments from some of the executives indicated the president may need to do more convincing. While many praised Trump and said they relished the opportunity resulting from last weekend’s military action, they stressed that hard work remained before they could make substantive investments. Exxon Mobil Corp. Chief Executive Officer Darren Woods said that Venezuela is currently “uninvestable.”
Today's show features:

Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on oil executives’ White House visit with President Donald Trump
Rockford Weitz, Professor of Practice & Director of the Maritime Studies Program at Tufts University's Fletcher School of Law and Diplomacy, on the latest developments in Venezuela and other global geopolitical hotspots
Gregory Daco, Chief Economist at EY, on the December nonfarm payrolls report and the broader US economic outlook
Katie Hubbard, President of US Capital Markets at Walton Global on President Donald Trump proposed ban on institutional residential real estate purchases and push to make Fannie Mae and Freddie Mac buy $200 billion in mortgage bonds

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Archer CEO Adam Goldstein on Upcoming Air Taxi Trials In US

Fri, 09 Jan 2026 13:00:00 +0000

Archer Aviation is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. The company is partnering with cities across the country to submit multiple applications to launch initial air taxi operations under the White House’s eVTOL Integration Pilot Program (eIPP), a first-of-its-kind public-private initiative led by the US Department of Transportation and Federal Aviation Administration to support the safe integration of air taxis in the US beginning as soon as this year.

Adam Goldstein is the founder of Archer and has served as its Chief Executive Officer and Chairman of the Board of Directors since the company was listed on the NYSE in 2021. He discusses the prospects for an expansive eVTOL rollout in the near-term with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump Directs $200 Billion Mortgage Bond Buy in Housing Push

Thu, 08 Jan 2026 23:08:44 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump said he was directing the purchase of $200 billion in mortgage bonds, which he cast as his latest effort to bring down housing costs ahead of the November midterm election.

Trump announced the move on Thursday in a social media post. The director of the Federal Housing Finance Agency, Bill Pulte, said soon after that the president aims for Fannie Mae and Freddie Mac to execute the purchases.

“This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” Trump wrote in his post.
He added that his decision not to sell Fannie Mae and Freddie Mac during his first term allowed them to amass “$200 BILLION DOLLARS IN CASH” and that he was making his announcement “because of that.”

“It is one of my many steps in restoring Affordability, something that the Biden Administration absolutely destroyed,” the president said. Mortgage backed securities rallied relative to Treasuries on the news.

Fannie Mae and Freddie Mac have added billions of dollars of mortgage-backed securities and home loans to their balance sheets in recent months, fueling speculation that they’re trying to push down lending rates and boost their profitability ahead of a potential public offering.

Today's show features:

Conor Sen, Bloomberg Opinion columnist and Founder of Peachtree Creek Investments, on his latest column about President Donald Trump's proposal to ban institutional investors from buying single-family homes
Bloomberg Economics US and Canada Economist Stuart Paul on Thursday’s jobs data and what to expect from Friday’s nonfarm payrolls report and Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on key market indicators to watch in early 2026
David Woo, Macro Strategist and former Bank of America Head of Global Interest Rates, Foreign Exchange, Emerging Markets Fixed Income Strategy & Economics Research
Bloomberg News Technology Reporter Alexandra Levine on what appears to be the end of the effort to ban TikTok in the US with a sale to American investors

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Oshkosh Corporation CEO John Pfeifer on Innovation at CES 2026

Thu, 08 Jan 2026 13:00:00 +0000

Oshkosh Corporation builds what it calls "purpose-built equipment" to help people advance communities around the world. Headquartered in Wisconsin, Oshkosh employs more than 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products are found in more than 150 countries under the brands of JLG, Pierce, MAXIMETAL, Oshkosh S-Series, McNeilus, IMT, Jerr-Dan, Frontline Communications, Oshkosh Airport Products, Oshkosh AeroTech, Oshkosh Defense and Pratt Miller.
John Pfeifer has served as the company's president and CEO since 2021. He discuss what Oshkosh Corporation is showcasing at CES 2026 in Las Vegas when it comes to advanced technologies in autonomy, AI, connectivity and electrification. John speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump Hits at Institutional Investors in Single-Family Homes

Wed, 07 Jan 2026 22:43:20 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump said he would move to ban institutional investors from buying single-family homes, part of a push to address housing affordability ahead of this year’s midterm elections.
“People live in homes, not corporations,” Trump said in a social media post Wednesday announcing the effort, adding that he would expound on the plan at the World Economic Forum in Davos, Switzerland, later this month.
The news sent shares of homebuilders, including Toll Brothers Inc., Invitation Homes Inc., KB Home and PulteGroup Inc., down. Shares of Blackstone Inc. — a major investor in single-family homes in the US —fell by as much as 9.3%, though later pared some of those losses.
The initiative comes after Trump’s allies have repeatedly raised alarms that affordability has become a political albatross for the GOP heading into the November elections. Trump urged Republican lawmakers Tuesday to avoid losing control of the House this year, saying it would lead to his impeachment. There’s reason for the White House’s concern: Just 36% of Americans said they approved of Trump’s job performance in a Gallup poll released in December, about 2 percentage points higher than his personal low before his first term ended in January 2021. Nearly half of adults described current economic conditions as “poor.”
Today's show features:

Bloomberg Intelligence Senior REITs and Commercial Real Estate Analyst Jeffrey Langbaum on President Donald Trump’s move to ban institutional investors from buying single-family homes
Bloomberg News Corporate and Economic Statecraft Reporter Joe Deaux on the US seizure of a Russia-flagged ship and renewed concerns about potential action toward Greenland
Francisco Rodriguez, Senior Research Fellow at the Center for Economic and Policy Research at the University of Denver’s Josef Korbel School of International Studies, on the future of Venezuela’s government and the administration of its oil assets
Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan on Warner Bros. Discovery’s rejection of an amended takeover offer from Paramount Skydance and Versant’s shares facing pressure after its spinoff from Comcast

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The Signs That Favor the Bulls in 2026

Wed, 07 Jan 2026 13:00:00 +0000

It's been nearly three decades since Howard Capital Management developed a proprietary indicator, called the HCM-BuyLine, to help protect client assets. This tool overlays all separately managed portfolios, as well as proprietary Mutual Funds and ETFs in an effort to keep assets on the right side of the market. The HCM-BuyLine is based on a proprietary calculation of the strength of the market derived from the ratio of new highs to new lows on the New York and Nasdaq stock exchanges. The tool uses trend analysis – moving averages – to help identify the broad trend in the equity market and determine when to be in or out of the market.

Vance Howard, the founder and CEO of Howard Capital Management, discusses his investing outlook in 2026, the impact of recent US military action in Venezuela, and how to respond to key market trends based on the HCM-BuyLine. Vance speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Chevron Lines Up 11 Ships as Venezuela’s Dark Fleet Vanishes

Tue, 06 Jan 2026 22:53:17 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A small fleet of ships booked by Chevron Corp. is sailing to Venezuela as the company emerges as the only exporter of the country’s oil following the ouster of President Nicolas Maduro by US forces.
Chevron is poised to export more Venezuelan oil this month than last, with at least 11 ships scheduled to arrive in the Venezuelan government-controlled ports of Jose and Bajo Grande, according to preliminary data compiled by Bloomberg.

All eyes are on the Houston-based company to see if it will begin shipping out more Venezuelan crude after US President Donald Trump said he wanted “total access” to the country’s vast reserves. Chevron is the only Western firm allowed to produce and export crude oil in Venezuela amid American sanctions and it operates under a license granted by the Treasury Department. It is responsible for nearly 25% of the nation’s production and oversees the crude through delivery to fuel-makers in the US Gulf and East Coast markets.

Today's show features:

Peter Tchir, Head of Macro Strategy at Academy Securities, on the market impact of the US military action in Venezuela and removal of Nicolas Maduro
Bloomberg News Cross-Asset Reporter Denitsa Tsekova and Bloomberg News Financial Regulation Reporter Lydia Beyoud on the Bloomberg Big Take on the prediction market boom
David Royal, Chief Financial & Investment Officer at Thrivent, on the 2026 investing outlook, the oil market, and the situation in Venezuela
Christina Lee, Co-portfolio Manager for US Private Debt strategy at Oaktree Capital Management, on the M&A outlook and key credit market trends to watch

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Trump’s Venezuela Oil Revival Plan Is a $100 Billion Gamble

Tue, 06 Jan 2026 13:00:00 +0000

Realizing President Donald Trump’s plan for a US-led revival of Venezuela’s beleaguered oil industry could be a years-long and challenging process costing upwards of $100 billion.

Years of corruption, underinvestment, fires and thefts have left the nation’s crude infrastructure in tatters. Rebuilding it enough to lift Venezuela’s output back to its peak levels of the 1970s would require companies to invest about $10 billion per year over the next decade, according to Francisco Monaldi, director of Latin American energy policy at Rice University’s Baker Institute for Public Policy. That’s equivalent to more than a third of what Exxon Mobil Corp. — the largest US oil company — has budgeted this year for capital expenditures around the entire globe. Francisco discusses the many challenges ahead for both Venezuela and the US in the post-Maduro era with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Venezuela Regroups With New President, Old Repression Tactics

Mon, 05 Jan 2026 22:51:27 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Venezuela Regroups With New President, Old Repression Tactics

Venezuela’s government is reasserting itself after the capture of Nicolás Maduro, swearing in Delcy Rodríguez as acting president and flashing warning signs that a new wave of repression has begun.

As the government continued to churn inside the presidential palace Miraflores, Venezuela’s military counterintelligence officials have been patrolling the streets of Caracas, according to at least two witnesses. At least seven journalists and members of the press were detained on Monday morning and early afternoon, most of them at the National Assembly and its surroundings, according to the national press workers syndicate.

Heavily armed security forces and pro-government motorcycle gangs known as colectivos were seen roaming the capital, at times stopping drivers and checking their phones. While they aren’t as influential as they were at the height of Maduro’s power, the State Department has said they have been responsible for killings during protests.

Venezuela’s information ministry didn’t immediately respond to a request for comment.

Today's show features:

Rockford Weitz, Professor of Practice & Director of the Maritime Studies Program at Tufts University's Fletcher School of Law and Diplomacy, on US military action in Venezuela
Mike Collins, Managing Director and Executive Portfolio Advisor for Fixed Income at PGIM, on key developments in the bond market
Bloomberg Economics Geo-Economic Analyst for Latin America Jimena Zuniga on the global economic implications of the US ousting Nicolas Maduro from power
Sam Stovall, Chief Investment Strategist for CFRA Research, on the investing outlook to begin 2026

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Oil Traders Weigh Surplus, Geopolitical Risks to Start 2026

Mon, 05 Jan 2026 13:00:00 +0000

Oil steadied on the first trading day of 2026 as expectations for a supply surplus offset geopolitical risks to production in several OPEC+ nations. Middle Eastern markets, including derivatives like the regional Dubai benchmark, faltered amid heavy selling pressure on a key trading window in Asian hours, traders familiar with the matter said. Faced with a seasonal lull in consumption, the Organization of the Petroleum Exporting Countries is leaning toward caution.

Tim Moore is a Senior Research Analyst at Clear Street who leads the firm's coverage of the clean energy transition, as well as the oil and gas industry. He discusses the oil market outlook as well as some of the clean energy players that stand to make gains in the year ahead. Tim speaks with Carol Massar, Tim Stenovec and Bloomberg News Big Oil reporter Kevin Crowley on Bloomberg Businessweek Daily.

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Instant Reaction: Trump Says US to ‘Run Venezuela’ in Interim After Maduro

Sat, 03 Jan 2026 18:14:49 +0000

President Donald Trump said the US would run Venezuela until a transition could be organized, hours after a US operation captured leader Nicolás Maduro, ousting the strongman from power after months of mounting military and economic pressure on his regime.
“We’re going to run the country until such time as we can do a safe, proper and judicious transition,” Trump said Saturday at a press conference at his Mar-a-Lago estate in Florida. “So we don’t want to be involved with having somebody else get in, and we have the same situation that we had for the last long period of years.”
Trump said the US administration of Venezuela would include deploying US oil companies to the country, though indicated that his embargo “on all Venezuelan oil remains in full effect” and that US forces would stay on alert.

Bloomberg's Joe Mathieu and Christina Ruffini speak with:

Rep. Brad Schneider (D-Illinois)
Justin Logan, director of defense and foreign policy studies at the Cato Institute.
Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Politics Contributor & Lester Munson, Principal of the International Practice at BGR Group and Republican Strategist

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Mamdani Begins Term by Wiping Out 15 Months of Adams’ Orders

Sat, 03 Jan 2026 00:24:52 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

New York City Mayor Zohran Mamdani rescinded all executive orders issued by his predecessor over the last 15 months as part of a flurry of actions as the city’s new leader took office Jan. 1.

The directive revoked all executive orders former mayor Eric Adams had issued since Sept. 26, 2024, the day he was indicted on federal corruption charges. Those charges were later dropped by the Justice Department under President Donald Trump. Mamdani’s action is designed to ensure “a fresh start for the incoming administration,” the mayor’s office said in a statement.

Among the orders revoked were two controversial items, including one that barred certain city officials from engaging in procurement practices “that discriminate against the State of Israel, Israeli citizens, or those associated with Israel.” It also outlined similar guidance for city pension officials to prohibit divesting from Israel-related holdings.

An earlier action, adopted in June, codified a broad definition of antisemitism, which some opponents said conflated criticism of Israel’s government with prejudice against Jews. Adams maintained both orders were intended to support the city’s Jewish community, though others argued the more recent action was intended to undermine Mamdani’s term. Mamdani has been a vocal critic of Israel’s government and has supported the “Boycott, Divestment, Sanctions” movement.

Today's show features:

Bloomberg News New York City and State Reporter Laura Nahmias on New York City Mayor Zohran Mamdani's series of executive orders to begin his term
Maribel Lopez, Founder & Enterprise AI Analyst at Lopez Research, and Carolina Milanesi, President and Principal Analyst at Creative Strategies, on what to expect at CES 2026
David Schassler, Head of Multi-Asset Solutions at VanEck Funds, on the market outlook and the importance of gold to individual portfolios
Ray Wang, CEO of Constellation Research and Co-Founder of AI Forum, and Bloomberg Tech Co-Host Ed Ludlow on Tesla ceding the title of world’s top seller of electric cars to China’s BYD

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Bloomberg Businessweek Weekend - January 2nd, 2026

Sat, 03 Jan 2026 00:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Elon Musk Eyes Record IPO for SpaceX as Lesser-Heralded Players Emerge

Fri, 02 Jan 2026 13:00:00 +0000

AST SpaceMobile Inc. this month launched its largest-ever satellite from India, the first in a series of deployments to help the company compete against Elon Musk’s SpaceX in delivering space-based connectivity to mobile phones. The BlueBird 6 satellite took flight from the Satish Dhawan Space Center in southern India aboard the Indian Space Research Organization, or ISRO’s LVM3 rocket. It reached the low-Earth orbit in about 16 minutes, the live cast on YouTube showed. The successful launch is a big boost for the Texas-based company as well as India’s space program which wants to build its orbital space station among other ambitious projects.

Investors are taking notice of the growing number of publicly-traded firms within the fast-growing market for services related to space exploration, satellite technology and enhanced telecommunications. Greg Pendy serves as an equity research analyst at Clear Street, focusing on the disruptive technology sector. He discusses the key trends and firms to watch in 2026 with Carol Massar, Tim Stenovec and Bloomberg Tech Co-Host Ed Ludlow on Bloomberg Businessweek Daily

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US Stocks Limp Into Year End While Treasury Yields Rise

Wed, 31 Dec 2025 22:00:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Stocks and bonds slipped along with gold and silver on the last day of 2025, bringing a subdued close to an otherwise buoyant year across asset classes that saw US equities post their third straight double-digit gain.

The S&P 500 extended a stretch of post-Christmas losses, paring the benchmark’s advance for 2025 to roughly 17%. Even so, the index is on track for its longest yearly winning streak of gains since 2021. The Nasdaq 100 was down 0.2%. Laggards include big-tech names like Microsoft Corp., Meta Platforms Inc. and Micron Technology Inc.
Silver plunged as a run of heightened volatility featuring price moves of 5% or more entered a fourth day. CME Group raised margin requirements on precious-metal futures for the second time in the space of a week following the volatility.

Investors have enjoyed blockbuster returns this year in a market that has been powered by optimism about the vast economic potential of artificial intelligence and primed by Federal Reserve interest-rate cuts. It hasn’t been a smooth ride, though, with traders weathering swings triggered by a range of forces including US trade policies, geopolitical tensions, concern over lofty valuations and some uncertainty around the path of central-bank monetary policy.

Looking ahead into 2026, market research firm Bespoke Investment Group cautions against expecting solid market performance during the first trading day of the new year. Since 1953, the S&P 500’s median change to kick off a new year was a 0.3% drop, according to a note by Bespoke. The stock market has also traded lower on the first trading day of the each of the past three years, the note said.

Today's show features:

Mike Green, Chief Strategist and Portfolio Manager for Simplify Asset Management
Laura Champine, Director of Research and Consumer Sector Head at Tabor Asset Management,
Manos Koukoumidis, CEO of Oumi, on why the AI investing landscape may become more challenged in 2026 and where the US stands its AI arms race with China
Ross Gerber, Co-Founder, President and CEO of Gerber Kawasaki Wealth and Investment Management, on how the battle for Warner Bros. Discovery will be won

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Bitcoin Whipsaws as Traders Brace for New Year Rebound

Wed, 31 Dec 2025 13:00:00 +0000

Bitcoin briefly topped the $90,000 mark on Monday before erasing gains, leaving traders waiting on a potential breakout after the token missed a Santa rally that sent stocks to record highs. Other cryptocurrencies had also swung, with Ether up as much as 4% to surpass $3,000 before dropping into the red. In the build up to Christmas, Bitcoin was largely unmoved despite the S&P 500 surging to a record close. The wider crypto space has yet to recover from a weeks-long selloff that began in October with the liquidation of some $19 billion worth of leveraged positions, leaving Bitcoin below where it started 2025.
Abra is a global platform for digital asset prime services and wealth management that seeks to connect on-chain and off-chain ecosystems for private clients, family offices, hedge funds, venture capital and crypto infrastructure firms. The company's founder and CEO, Bill Barhydt, discusses both the investing and regulatory outlook for Bitcoin and crypto-related assets in 2026. Bill speaks with Carol Massar and Vonnie Quinn on Bloomberg Businessweek Daily.

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Warner Bros. Plans to Reject Paramount Offer Next Week

Tue, 30 Dec 2025 22:00:00 +0000

Watch Bloomberg Businessweek LIVE every day on YouTube: http://bit.ly/3vTiACF.

Warner Bros. Discovery Inc. plans to once again reject a takeover bid from Paramount Skydance Corp. after the rival media company amended the terms of its offer, according to people familiar with the company’s thinking.

The Warner Bros. board hasn’t made a final determination, but will meet next week, said the people, who asked to not be identified discussing internal deliberations. Among the board’s concerns, Paramount has yet to increase its offer, which Warner Bros. earlier rejected as inferior to one from Netflix Inc. Paramount, the owner of its namesake studio and MTV, has been waging a public campaign to gather support for its proposal to buy Warner Bros., which owns HBO and CNN. Paramount went public with a $30-a-share cash bid on Dec. 8, three days after Warner Bros. accepted the deal with Netflix, which is only buying Warner Bros.’ studio and streaming businesses. Paramount has since amended its offer twice, most recently by including an assurance from billionaire Larry Ellison that he would personally guarantee $40.4 billion in equity financing and other commitments.

Paramount is controlled by Larry Ellison and his son David, a movie producer now assembling a media empire. The Ellisons took control of Paramount in August and have since submitted multiple bids for Warner Bros., which would give their undersized company another of Hollywood’s original studios and more scale in streaming.

Today's show features:

Bloomberg News Managing Editor for Media & Entertainment Lucas Shaw on Warner Bros. Discovery's plans to reject a takeover bid from Paramount Skydance
Ross Mayfield, Investment Strategist at Baird on Tuesday’s Fed minutes release and the investment outlook for 2026 Private Wealth Management
Ed Price , Senior Non-Resident Fellow at New York University, on geopolitical unrest in Europe, Asia, the Middle East and Latin America
Melissa Brown, Head of Investment Decision Research at SimCorp, on the momentum trade and key historical market indicators to watch with earnings season on the horizon

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AI's Impact on Retail and Consumer Behavior

Tue, 30 Dec 2025 13:00:00 +0000

Novi is an AI shopping optimization platform for consumer packaged goods (CPG). It seeks to help retailers and brands ensure their products can be accurately found, trusted, and recommended by AI assistants such as ChatGPT and Claude by verifying and structuring SKU-level product data. Retailers including Macy’s, Sephora, Target, and Ulta, along with thousands of CPG brands, rely on Novi to optimize their product data for AI-driven discovery.

Kimberly Shenk, the company's CEO, discusses the impact of artificial intelligence on the retail sector during the holiday season as consumers increasingly use AI agents to perform deep-discount hunting, real-time product comparisons, and personalized gift curation. Kimberly speaks with Carol Massar and Vonnie Quinn on Bloomberg Businessweek Daily.

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Trump’s Ukraine Plan Faces New Obstacles After Putin Call

Mon, 29 Dec 2025 22:22:54 +0000

Watch Bloomberg Businessweek LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump’s push to end the war in Ukraine faced new complications on Monday when Vladimir Putin said he would revise his country’s negotiating position after the Russian leader claimed Ukrainian drones targeted his residence.

Putin told Trump of his decision in a call Monday, according to the Kremlin, even as Kyiv cast the Russian allegations as a fabrication aimed at derailing the peace process.
Trump addressed the dispute while speaking to reporters in Florida, saying that Putin had told him about the purported attack during their discussion. The US president, seeming to side with Putin, said he was “very angry.”

Ukrainian President Volodymyr Zelenskiy has dismissed the Russian claims as a “new lie” and warned that Moscow could be using it as an excuse to prepare an attack on government buildings in Kyiv.

Putin said Moscow intends to work closely with the US on peace efforts but will reconsider a number of previously reached agreements, Kremlin aide Yuri Ushakov told Russian newswires. Ushakov added that Putin assured Trump that Moscow will look to continue working with US partners to achieve peace and that the two leaders agreed to maintain their dialogue.

Today's show features:

Dr. Angela Stent, Senior Fellow at the American Enterprise Institute,
Henrietta Treyz, Co-Founder and Director of Economic Policy at Veda Partners, on how President Donald Trump's foreign policy goals could impact Republicans in the 2026 midterm elections
Bloomberg Intelligence Senior Commodity Strategist Mike McGlone on gold and silver prices slumping as traders booked profit following their recent year-end rally
Bloomberg News Wealth Reporter Dylan Sloan on the struggles of some IPO insiders who have seen their stakes fall in value in 2025 since their respective public-trading debuts

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Bloomberg Businessweek Weekend - December 27th, 2025

Fri, 26 Dec 2025 22:52:22 +0000

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A National Strategy for Advanced Air Mobility

Wed, 24 Dec 2025 13:00:00 +0000

US Department of Transportation Secretary Sean Duffy last week unveiled the country's first ever "Advanced Air Mobility (AAM) National Strategy," setting up a roadmap to help accelerate American aviation innovation and transform our skies. AAM is a rapidly-emerging aerospace sector focused on safely and efficiently integrating highly automated aircraft into US airspace. It involves a range of innovations — particularly new aircraft types that typically operate below 5,000 feet — to transport people and packages more efficiently than ever before.
Another key component of this initiative is infrastructure, and that's where Lisa Wright comes in. The Founder and CEO of Landings is focused on her firm's plan to develop a network of rural vertiports that expand access to advanced air mobility across the US. She explains how her firm's potential has quickly grown as the conversation moves from one-off vertiport projects to multi-site networks. She believes that stakeholders now see the strategic advantage of building coordinated, regional vertiport systems that can support cargo, emergency services, and eventually passenger movement — not just isolated landing pads. Lisa speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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S&P 500 Closes at Record High in Tech-Led Advance

Tue, 23 Dec 2025 23:02:05 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.
Wall Street traders parsing a batch of economic reports in a session marked by a slowdown in transactions drove stocks to all-time highs. Short-dated bonds underperformed. The dollar fell.
In a narrow tech-led advance, the S&P 500 rose for a fourth straight day. Volume was below the average of the past three months ahead of the Christmas holiday. The index rebounded even after data did little to encourage bets the Federal Reserve will cut rates in the near term.
Treasury two-year yields - more sensitive to imminent Fed moves - remained above 3.5%. That was after data showed the economy expanded at the fastest pace in two years. A drop in consumer confidence spurred only a mild bounce in bonds from session lows. The S&P 500 topped 6,900. Its equal-weighted version - which gives Dollar Tree Inc. as much clout as Apple Inc. - edged lower. A gauge of big techs climbed about 1% while smaller firms underperformed.
Today's show features:

Bloomberg Equities Reporter Alexandra Semenova on her story explaining why some investors are fearful of overly optimistic expectations from equity analysts
David Schassler, Head of Multi-Asset Solutions at VanEck Funds, on investing trends to watch as we close out the year
Travis McCready, Head of Industries, Leasing Advisory, at JLL, on the structural forces poised to shape real estate decisions and investment demand for the life sciences sector in 2026
Bloomberg News Chief Correspondent for Global Aviation Siddharth Philip on expectations for record holiday air travel expectations among US carriers

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The Future of Women's Health Begins at MIT

Tue, 23 Dec 2025 13:00:00 +0000

Palmetto is a consumer home energy marketplace aimed at accelerating the transition to a clean energy future. Through a data-driven platform, Palmetto empowers homeowners to understand their energy use, discover personalized savings opportunities, and seamlessly purchase, finance, and manage home electrification and clean energy products and services.
Neil Chatterjee, Palmetto’s Chief Government Affairs Officer, brings more than two decades of experience shaping US energy policy experience. A longtime bipartisan negotiator and former Commissioner and Chairman of the Federal Energy Regulatory Commission (FERC), Neil plays a key role in guiding Palmetto’s policy strategy at a pivotal moment in the clean energy transition. He discusses the most pressing issues across the energy space, particularly when it comes to affordability for consumers, with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Larry Ellison Pledges $40 Billion to Bolster Warner Bros. Bid

Mon, 22 Dec 2025 22:55:12 +0000

Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF.
Larry Ellison is throwing his personal fortune behind Paramount Skydance Corp.’s bid for Warner Bros. Discovery Inc., aiming to give his son’s company an advantage in a fiercely contested takeover battle with Netflix Inc.
Both suitors moved on Monday to strengthen the financial backing for their offers, though they stopped short of increasing their bids. Netflix refinanced a portion of its planned $59 billion of debt as a way to ensure a lasting investment-grade rating — a key advantage it holds over the lower-rated Paramount.
But it’s the personal guarantee of Ellison, the world’s fifth-richest person with a $246 billion fortune, that could force a rethink by Warner Bros. The board previously urged shareholders to reject Paramount’s offer in part because the billionaire father of its Chief Executive Officer David Ellison had backed the $40.4 billion of equity financing with a revocable trust that could, as the name implies, be withdrawn or amended at any time.
Paramount has been aggressively pursuing Warner Bros. for months and Ellison was taken by surprise when the board agreed to a deal with Netflix for $82.7 billion for the streaming and studio assets. The strength of the financing for each bid has emerged as a decisive issue in the takeover battle, which unleashed two massive debt-fueled offers that rank among the largest in the past decade. Paramount took its offer of $30 a share, or $108.4 billion including debt, for the entire company directly to shareholders.
Today's show features:

Bloomberg News Media Editor Molly Schuetz and Bloomberg Intelligence Senior Credit Analyst Stephen Flynn on the latest developments in the Warner Bros. Discovery bidding war
Que Nguyen, Chief Investment Officer, Equity Strategies with Research Affiliates on whether small- and mid-cap stocks are contributing to the bull market and how much more growth we can expect from the AI trade
Bloomberg Intelligence Senior Commodity Strategist Mike McGlone on trading trends in gold and crypto
Darrick Hamilton, University Professor, the Henry Cohen Professor of Economics and Urban Policy at the New School, on whether Trump accounts can help close the racial wealth gap in America

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A Bespoke Walk in the Snow

Mon, 22 Dec 2025 13:00:00 +0000

Brothers Bob and Russ Shay grew up with a relentless passion for skiing, and were frustrated with ill-fitting and mass-produced ski boots designed to fit everyone, without fitting anyone. Their love for the sport led them on a years-long search for any edge in training, technique, and equipment. Using tools in their family's garage, they ground, sawed, cut, padded, and pounded away at ski boots. Their vision was to combine comfort and performance to build a ski boot that would fit like it was made for you instead of a generic foot. The result was Surefoot, the world's largest custom ski boot company

Bob Shay, who is now serving as the CEO of Surefoot, details the firm's growth into a worldwide winter sports brand, and discusses whether he's ever considered selling the company. Bob speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - December 19th, 2025

Sat, 20 Dec 2025 00:00:00 +0000

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Justice Department Releases Large Tranche of Epstein Files

Fri, 19 Dec 2025 22:58:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US Justice Department released files from investigations into notorious sex offender Jeffrey Epstein, the culmination of a push that has had repercussions for prominent business leaders and politicians, including President Donald Trump.

The disclosure came after Congress overwhelmingly passed legislation in November compelling the department to make the files public. Trump had long resisted the move but relented and signed the bill as pressure from Republican lawmakers forced his hand.

The law required the release of investigative records, flight logs, travel documents, immunity deals, internal department communications and papers related to Epstein’s 2019 death. But the measure also includes protections for survivors and allows exceptions for ongoing investigations.

The Justice Department organized a team of more than 200 attorneys to work on determining which materials were responsive to the new law, Deputy Attorney General Todd Blanche wrote in a letter Friday to lawmakers.

“This process resulted in over 1,200 names being identified as victims or their relatives,” Blanche wrote in a letter reported by Fox News. The department redacted references to their names and any materials that could result in their identification, Blanche said.

However, Blanche also told lawmakers that “the volume of materials to be reviewed” meant it wasn’t possible to meet the law’s requirement to release all files by Friday. The department plans to complete the release of all files during the next two weeks, Blanche said.

Today's show features:

Bloomberg News Senior Investigative Reporter Jason Leopold on the DOJ's Epstein files release
Bloomberg News Senior Editor, Equities Americas Eric Weiner recaps the trading week
Tye Brady, Chief Technologist at Amazon Robotics, on delivery preparations for customers during the holiday season using new robotic technology
Dan Ahrens Portfolio Manager of the AdvisorShares Pure US Cannabis ETF, on what the Trump Administration’s push to reschedule marijuana as a less-dangerous drug means for pot stocks

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US Core CPI Eases to Four-Year Low in Shutdown-Hit Report

Thu, 18 Dec 2025 22:55:28 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Underlying US inflation rose in November at the slowest annual pace since early 2021, an unexpected improvement in a report muddled by the government shutdown.
The core consumer price index, which excludes the often-volatile food and energy categories, increased 2.6% in November from a year ago, according to Bureau of Labor Statistics data out Thursday. The overall CPI climbed 2.7% in November from a year ago.
The longest-ever government shutdown prevented the BLS from collecting much of the October price data. That not only limited the agency’s ability to determine month-over-month changes for the broader measures of inflation, but some economists noted it likely impacted the annual November figures as well.
Despite numerous caveats, the report offers some hope that inflationary pressures are easing after remaining stuck in a narrow range since early this year. The BLS said the core CPI rose just 0.2% over the two months ended in November, restrained by declines in costs of hotel stays, recreation and apparel. Prices of household furnishings and personal care products rose.
However, several economists noted that the two-month change in key shelter categories, which are some of the biggest components of the CPI, was basically flat — calling the calculations into question.
Today's show features:

Jason Granet, Chief Investment Officer of BNY, on the market outlook and the Federal Reserve’s path forward
Frank Sorrentino, Founder and CEO of ConnectOne Bank, on the economic outlook and the health of community banking sector
Bloomberg News Energy Reporter Will Wade on a planned $6 billion merger between Trump Media & Technology nuclear fusion developer TAE Technologies
Michelle Korsmo, CEO of the National Restaurant Association, on the struggles of restaurant workers and smaller eateries amid rising inflation

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NYC Power Broker to Help Guide Mamdani Transition

Thu, 18 Dec 2025 22:52:39 +0000

Democratic Mayor-elect Zohran Mamdani, facing a deficit of as much as $10 billion in the next fiscal year, has named Sherif Soliman as New York City’s next budget director. The veteran of three previous mayoral administrations will oversee the Big Apple's $120 billion budget.
The move comes less than a month after the Mamdani transition team announced that it would be bringing Kathy Wylde, the outgoing President and CEO of the Partnership for New York City, into the fold. Wylde discusses her role within the new administration, and its relationship with the local business community. Kathy speaks with Carol Massar, Tim Stenovec and Bloomberg News Senior Producer Myles Miller on Bloomberg Businessweek Daily.

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For the Love of Live Entertainment

Thu, 18 Dec 2025 13:00:00 +0000

Family-owned-and-operated Feld Entertainment is a leading producer and presenter of live touring family entertainment experiences. The company's properties include Ringling Bros. and Barnum & Bailey, Monster Jam, Disney On Ice, Monster Energy AMA Supercross, and the SuperMotocross World Championship. Across the brand portfolio, Feld Entertainment has entertained millions of families in more than 80 countries and on six continents.

Juliette Feld Grossman is just the third CEO in Feld Entertainment's nearly six-decade history. She discusses consumer appetite for large-scale live entertainment as well as the company's big plans for 2026. Juliette speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Wall Street Hit by Tech Rout as AI Winners Tumble

Wed, 17 Dec 2025 22:56:27 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Volatility lashed Wall Street, pushing high-valuation technology shares and crypto lower while bonds pared losses after a senior Federal Reserve official signaled room for rate cuts.
A tech rout hit stocks amid growing skepticism about the artificial-intelligence trade. Nvidia Corp. sank 3.8%. Losses accelerated as the S&P 500 breached a key technical level, with the index down 1.2%. The Nasdaq 100 slid 1.9%. In late hours, Micron Technology Inc. gave an upbeat forecast.
Even the slightest hint of trouble around data centers is enough to spook investors banking on the AI boom. The latest hiccup revolved around Oracle Corp.’s financing for a data center in Michigan. While it’s largely moving along, Blue Owl Capital, a longtime partner in its AI infrastructure build-out, is not contributing equity. The shares sank.
For years, investing in big techs has been a no brainer, given their stalwart balance sheets. Now, there’s concern over whether the sector — which has soared during the bull market — can keep justifying its lofty valuations and ambitious AI spending.

Today's show features:

Matthew Luzzetti, Chief US Economist for Deutsche Bank, on the labor market, inflation and the economic outlook
Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on key market indicators as the new year approaches
Mike Bellin, US IPO Leader at PwC, on the IPO market outlook for 2026 and Bloomberg News Equities Reporter Natalia Kniazhevich on Medline’s first day of trading
Katie Hubbard, President of US Capital Markets at Walton Global on earnings from Lennar and the US real estate landscape

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MARA CEO Thiel Remains Confident in Bitcoin Amid Downtown

Wed, 17 Dec 2025 13:00:00 +0000

Bitcoin is headed for the fourth annual decline in its history, and the first one that didn’t coincide with a major scandal or industry meltdown. While the latest decline is a much milder correction than in the previous three down years, it’s happened against a vastly different backdrop. Since the last major crypto crash in 2022, institutional adoption has widened, regulation has matured, and the industry has found its arguably most important champion in US President Donald Trump.

Fred Thiel, the CEO of MARA, which is the second largest publicly held bitcoin miner, explains why the remains committed to the world's leading cryptocurrency, and why he sees a market recovery on the horizon. Fred speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Kushner’s Affinity Withdraws From Warner Bros. Takeover Battle

Tue, 16 Dec 2025 23:14:14 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Jared Kushner’s Affinity Partners is exiting from the takeover battle for Warner Bros. Discovery Inc.
The private equity firm this month emerged as a participant in Paramount Skydance Corp.’s hostile bid for Warner Bros., which valued the media and entertainment company at $108.4 billion including debt. Paramount is seeking to scupper Netflix Inc.’s agreed $82.7 billion deal for Warner Bros.
Affinity was helping to finance Paramount’s move. It now believes the dynamics of an investment have changed since it became involved in the process in October, a representative for the firm said.
Warner Bros. is planning to reject Paramount’s offer due to concerns about financing and other terms, people familiar with the matter said Tuesday. Affinity’s investment in the bid is about $200 million in equity, Bloomberg News has reported.

Today's show features:

Bloomberg News Media and Entertainment Editor Felix Gillette on the latest in the
R.C. “Chris” Whalen, Chairman of Whalen Global Advisors, on the health of the banking sector and the crypto market outlook
Julia Pollak, Chief Economist for the US Department of Labor, on the November nonfarm payrolls report
Larry Pitkowsky, Co-Founder, Managing Partner, and Portfolio Manager of GoodHaven Capital Management

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Holiday Cheer Comes at a Premium in 2025

Tue, 16 Dec 2025 13:00:00 +0000

The cost of celebrating Christmas is climbing again. Now in its 42nd year, the PNC Christmas Price Index (PNC CPI) reveals that the cost of the gifts from the classic holiday carol "The Twelve Days of Christmas" has risen 4.5% compared to last year, outpacing the Bureau of Labor Statistics' Consumer Price Index (BLS CPI) October year-over-year reading of 3.0%. The PNC CPI, launched in 1984, is a light-hearted take on the BLS CPI and measures the change in prices consumers could expect to pay for True Love's gifts.

Amanda Agati, Chief Investment Officer with PNC Asset Management Group, breaks down the latest data explaining what Christmas really costs American consumers in 2025. Amanda speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Wall Street Traders on Hold in Run-Up to Jobs Data

Mon, 15 Dec 2025 23:06:21 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The last full trading week of 2025 started with stocks, bonds and the dollar wavering as Wall Street geared up for key economic data that will help shape the Federal Reserve rate outlook.

On the eve of the jobs report, the S&P 500 closed mildly lower. A renewed tech slide saw Broadcom Inc. posting its worst three-day plunge since 2020. Oracle Corp. extended its multi-session selloff to about 17%. A rout in cryptocurrencies also kept a lid on riskier assets.

Treasury two-year yields edged down amid bets the Fed will cut rates twice next year to support the job market even as inflation shows signs of stickiness. The dollar barely budged, but closed at the lowest since October.

Following the Fed’s latest decision to slash rates, the November jobs report — due on Tuesday — is expected to show a sluggish labor market. The reading will also include an estimate of October payrolls — figures that were delayed by the federal shutdown.

Today's show features:
Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on the week ahead in economic data and global central bank activity
Meghan Robson, Head of US Credit Strategy for BNP Paribas, on the credit market outlook for 2026 and market jitters over tech sector capital spending
Sally Librera, President, National Grid New York, on the state’s energy infrastructure and the creation of energy demand as a result of data center projects
Bloomberg News Chief Wall Street Correspondent Sri Natarajan on McKinsey & Co. plotting a wide swath of layoffs

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UiPath Sees Continued Strength as AI Tools Sharpen

Mon, 15 Dec 2025 13:00:00 +0000

UiPath is a leader in agentic automation, empowering enterprises to harness the potential of AI agents to autonomously execute and optimize complex business processes. The company says its platform combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently, and that it supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries.
Ashim Gupta, the CFO and COO of UiPath, discusses the firm's wide-ranging customer base and the key drivers behind the rally in its share price in 2025. Ashim speaks with Carol Massar, Tim Stenovec and Bloomberg News Senior Editor Nina Trentmann on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - December 12th, 2025

Sat, 13 Dec 2025 01:00:00 +0000

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Stocks Tumble as Year’s Winning AI Bets Take a Hit

Sat, 13 Dec 2025 00:43:28 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Wall Street traders took profits on the year’s biggest artificial intelligence winners, dragging global gauges back from the brink of record highs. Longer-dated bond yields climbed.
A disappointing sales outlook from Broadcom Inc. sent the chipmaker tumbling 11% and weighed on rivals, further fueling investor anxiety over AI wagers initially prompted by Oracle Corp. The AI bellwether’s stock drop started Thursday following a forecast for rising capital outlays and a longer timeline to a revenue payoff. The slump deepened Friday on a report of delays to some of Oracle’s data center projects. Shares of companies tied to the AI power infrastructure also slid.
The Nasdaq 100 dropped 1.9% while The S&P 500 fell 1.1% after the index had notched a record close in the previous session. The Dow Jones Industrial Average and Russell 2000 pulled back from all-time highs.
The selloff put a damper on the ebullience sparked by the Federal Reserve’s third-straight interest rate cut this week. Investors also had to contend with mixed messages from Fed officials after they left their outlook for a single cut in 2026 intact.
Today's show features:

Stephanie Guild, Chief Investment Officer at Robinhood Markets, on markets, retail investing trends., interest rates and Federal Reserve policy
Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure Poonam Goyal on the coming CEO change at Lululemon as well as the firm’s latest earnings
Bloomberg News Space Reporter Sana Pashankar and Bloomberg Intelligence Senior Defense Analyst Wayne Sanders on Friday’s Big Take detailing President Donald Trump’s proposed missile and air defense system that could cost more than $1 trillion
Andrew Krei, Chief Investment Officer at Crescent Grove Advisors, on Federal Reserve policy and the market outlook

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Aptera Eyes Mass Production of Unique Solar Car

Fri, 12 Dec 2025 13:00:00 +0000

Aptera Motors Corp. was formed in 2019. The company's principal business is the development, production, and distribution of energy efficient solar-powered, battery-electric vehicles. Management anticipates that the Aptera vehicle will provide up to an estimated 40 miles per day and 11,000 miles per year of solar powered driving by collecting energy from the sun and storing it in its proprietary battery pack. Each vehicle is designed to have over three-square meters of embedded solar panels. In addition, the Aptera vehicle twill charge from either a standard home electrical outlet or by using the North American Charging Standard “NACS” connector.

Chris Anthony, the Co-Chief Executive Officer of Aptera, discusses his company’s performance since its October direct listing, as well as its plans to begin mass-production of its solar-powered cars. Chris speaks with Carol Massar and Matt Miller on Bloomberg Businessweek Daily.

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Trump’s Warner Bros. Meddling Pushes Limits of Executive Power

Thu, 11 Dec 2025 23:19:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Hollywood has a rich history of personal vendettas, political discord and uncertain loyalties shaping the industry. It just usually doesn’t involve the US president.

Donald Trump’s declaration that he will involve himself in the proposed sale of Warner Bros. Discovery Inc. has thrust an already tumultuous battle between Netflix Inc. and Paramount Skydance Corp. over some of the crown jewels of Tinseltown into uncharted waters.

The decision to inject himself is particularly extraordinary given Trump’s own conflicts and interests, according to legal experts.

Trump has already signaled one personal precondition for a sale: new ownership of longtime bogeyman CNN, in a bid to exert more favorable coverage from the cable network. But the connections don’t stop there for a president who considers himself the dealmaker-in-chief.

Trump’s son-in-law and former aide, Jared Kushner, has helped arrange financing for Paramount chief David Ellison, whose father, Larry Ellison, is a longtime donor and supporter.

The president has received entreaties from both sides. Netflix co-Chief Executive Officer Ted Sarandos has mounted a charm offensive of his own, meeting repeatedly with Trump and even chatting about how the first family were “big fans” of the streamer. The tech giant has spent recent months expanding its lobbying operation in Washington, seeking to boost its influence across a city now controlled by Trump and his allies.

Today's show features:

Bloomberg News Media Reporter Hannah Miller on Disney’s $1 billion investment in OpenAI and the political battle brewing over a potential Warner Bros. Discovery merger
Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments on the market and economic outlook heading into 2026
Cathy Seifert, Senior Vice President and Equity Analyst at CFRA Research, and Bloomberg News Investing Team Co-Team Leader Katherine “Kat” Chiglinsky, on expectations for Berkshire Hathaway as Warren Buffett prepares to step down
Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, breaks down Broadcom’s earnings report and outlook

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Lifeway Foods Expands Reach With Walmart Pact

Thu, 11 Dec 2025 13:00:00 +0000

Lifeway Foods is America's leading supplier of the probiotic, fermented beverage known as kefir. In addition to its line of drinkable kefir, the company also produces a variety of cheeses as well as a line of products for kids. Lifeway's fermented dairy products are sold across the United States, Mexico, Ireland, South Africa, United Arab Emirates, and France.

Julie Smolyansky, the publicly-traded firm's CEO, discusses her company’s most recent earnings report and recent announcement that is its cheese products will expand into 2,000 Walmart stores across the US. Julie speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Fed Cuts Rates With Three Dissents, Projects One Cut in 2026

Wed, 10 Dec 2025 23:32:31 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Federal Reserve officials delivered a third consecutive interest-rate reduction and maintained their outlook for just one cut in 2026.

The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate by a quarter point to a range of 3.5%-3.75%. It also subtly altered the wording of its statement suggesting greater uncertainty about when it might cut rates again.

Speaking to reporters after the meeting, Chair Jerome Powell suggested the Fed had now done enough to bolster against the threat to employment while leaving rates high enough to continue weighing on price pressures.

When asked if it were a foregone conclusion that the Fed’s next move would be a cut, Powell demurred, but added that he didn’t see a rate hike as any official’s base case.

Today's show features:

Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey on the bond market’s reaction to Wednesday’s Federal Reserve rate call
Steve Moore, Co-Founder of Unleash Prosperity and a former Trump Economic Advisor, and Bloomberg Economics US and Canada Economist Stuart Paul, on the search for the next Chairman of the Federal Reserve
Bloomberg Intelligence Senior Technology Analyst Anurag Rana breaks down quarterly earnings from Oracle and Adobe
Zach Wasserman, Chief Financial Officer at Huntington National Bank, on the financial sector outlook following the Federal Reserve's latest rate decision

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Critical Section of Real Estate in Focus for Wealth Managers

Wed, 10 Dec 2025 13:00:00 +0000

Morgan Stanley Real Estate Investing (MSREI) is the global private real estate investment management business of Morgan Stanley. Considered one of the most active property investors in the world for over three decades, the company boasts 17 offices throughout the US, Europe and Asia that house regional teams of dedicated real estate professionals with local presence and significant transaction execution expertise.

Lauren Hochfelder, Co-Chief Executive Officer of Morgan Stanley Real Estate Investing and Head of MSREI Americas, explains why she believes her sector is poised for its next upcycle heading into 2026. Lauren speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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SpaceX Said to Pursue 2026 IPO Raising Far Above $30 Billion

Tue, 09 Dec 2025 23:05:08 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time.

The Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would leave SpaceX near the market value that Saudi Aramco established during its record 2019 listing. The oil major raised $29 billion at the time.

SpaceX’s management and advisers are pursuing a listing as soon as mid-to-late 2026, said some of the people, who declined to be identified because the matter is confidential. The timing of the IPO could change based on market conditions and other factors, and one of the people said the timing could slip until 2027.

A representative for SpaceX didn’t immediately respond to a request for comment.
Bloomberg and other media reported on Friday that SpaceX is exploring a possible IPO as soon as late next year. Musk and the company’s board of directors advanced plans for the listing and fundraising — including hiring for key roles and how it would spend the capital — in recent days as SpaceX firmed up its latest insider share sale, one of the people said.

SpaceX’s faster path to public markets is in parts fueled by the strength of its fast-growing Starlink satellite internet service, including the promise of a direct-to-mobile business, as well as the development of its Starship moon and Mars rocket.

Today's show features:

Bloomberg News Global Business of Space Editor Eric Johnson on SpaceX's plans for a 2026 IPO
David Schassler, Head of Multi-Asset Solutions of VanEck Funds, on the market outlook ahead of Wednesday’s Fed decision and why he sees more volatility ahead in the tech sector
Joyce Huang, Senior Client Portfolio Manager with American Century Investments, on the fixed income market and the Federal Reserve’s path forward
Bloomberg News Americas Finance Team Leader Sally Bakewell on Saudi Arabia's Public Investment Fund, the Qatar Investment Authority, and Jared Kushner's Affinity Partners taking part in the Paramount Skydance hostile takeover bid for Warner Bros. Discovery

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Former Jamba Juice CEO on Building a Culture for Success

Tue, 09 Dec 2025 13:00:00 +0000

James D. White is a seasoned corporate leader with over thirty years' experience in the consumer products, retail, and restaurant industries. As CEO of Jamba Juice from 2008–2016, he led the successful turnaround and transformation of the company. He is an experienced corporate director and adviser with twenty years of experience serving on more than fifteen public and private boards. White currently chairs the board of the Honest Company.

James explains why he believes that culture is essential building block for an organization’s success, and details his new book, "Culture Design: How to Build a High-Performing, Resilient Organization with Purpose," which he co-wrote with his daughter, Krista. James speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Paramount Ups Battle for Warner Bros. With Hostile Bid

Mon, 08 Dec 2025 23:25:11 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

The fight over the future of Hollywood just got nastier.

Paramount Skydance Corp. launched a hostile takeover bid for Warner Bros. Discovery Inc. at $30 a share in cash on Monday, just days after the company agreed to a deal with Netflix Inc. The offer values Warner Bros. at $108.4 billion, including debt.

The bid compares with Netflix’s offer of $27.75 in cash and stock, for an enterprise value of about $82.7 billion including debt. Paramount’s offer is for all of Warner Bros., while Netflix is interested only in the Hollywood studios, HBO and the streaming business.

Warner Bros. investors “deserve an opportunity to consider our superior all-cash offer for their shares in the entire company,” Paramount Chief Executive Officer David Ellison said in a statement.

The battle between Netflix and Paramount stands to reshape the entertainment industry regardless of who wins. With Warner Bros. films and TV shows, Netflix would wield tremendous new power over the content offered to online audiences. Paramount aims to marry two legacy Hollywood studios to counter the influence of Netflix, Walt Disney Co. and Amazon.com Inc.

Both bids raise significant antitrust concerns, underscored by multibillion-dollar breakup fees the parties have offered, and both companies have been laying the groundwork to win over the White House.

Today's show features:

Bloomberg News Media and Entertainment Editor Felix Gillette and Bloomberg News Intelligence Senior Media Analyst Geetha Ranganathan on Paramount’s $108 billion hostile takeover bid for Warner Bros. Discovery
Kevin Gordon, Head of Macro Research and Strategy for the Schwab Center for Financial Research, on inflation, labor and AI investing trends
Bloomberg News Chief Wall Street Correspondent Sridhar Natarajan and US Insurance Reporter Alex Rajbhandari on the ripple effects of JPMorgan hiring Todd Combs away from Berkshire Hathaway
Gracelin Baskaran, Director of Critical Minerals Security Program at Center for Strategic and International Studies, on the US and Democratic Republic of Congo signing a partnership to create a strategic reserve of critical mineral assets and current state of play in the sector

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New Hope for People Battling With Depression

Mon, 08 Dec 2025 13:30:00 +0000

Compass Pathways is a mental health care company developing new treatments for people who haven’t responded to existing medications and continue to struggle with their mental health. The company was the first to report successful Phase 3 clinical trial results for a psychedelic treatment, known as COMP360 psilocybin, for treatment-resistant depression (TRD) and is positioned to potentially be the first to receive regulatory approval and bring a psychedelic-based medicine to market.

Kabir Nath, the CEO of Compass Pathways, details his company's path building a scalable, safe, and accessible psychedelic care system and model. Kabir speaks with Carol Massar and Alexis Christoforous on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - December 5th, 2025

Sat, 06 Dec 2025 00:00:00 +0000

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Netflix to Buy Warner Bros. in Historic $72 Billion Deal

Fri, 05 Dec 2025 22:51:13 +0000

Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF.

Netflix Inc. agreed to buy Warner Bros. Discovery Inc., marking a seismic shift in the entertainment business as a Silicon Valley-bred streaming giant tries to swallow one of Hollywood’s oldest and most revered studios.

Under terms of the deal announced Friday, Warner Bros. shareholders will receive $27.75 a share in cash and stock in Netflix, valuing the business at $82.7 billion including debt. The total equity value of the deal is $72 billion. Warner Bros. will spin off cable networks such as CNN and TNT into a separate company before concluding the sale of its studio and HBO to Netflix.

Media mergers of this scale have a rocky history and this one is expected to bring intense regulatory scrutiny in the US and Europe. Paramount Skydance Corp., which accused Warner Bros. of running an unfair sales process, could also take steps to disrupt the transaction, like by taking an offer directly to shareholders. The company declined to comment.

The Netflix deal combines two of the world’s biggest streaming providers with some 450 million subscribers. Warner Bros.’ deep library of programming gives Netflix content to sustain its lead over challengers like Walt Disney Co. and Paramount.

Today's show features:

Bloomberg News Media and Entertainment Editor Felix Gillette on Netflix agreeing to buy Warner Bros. Discovery Inc. in a deal valuing the business at $82.7 billion including debt
Karin Kimbrough, Chief Economist at LinkedIn, on the health of the US labor market and economy
Rebecca Homkes, Faculty at the London Business School and at Duke Corporate Executive Education, on how executives should be evaluating the health of consumers, market concentration risk and AI bubble concerns
Bloomberg Tech Co-Host Ed Ludlow on Elon Musk’s SpaceX reportedly telling investors and financial institution representatives that it is aiming for an initial public offering in 2026
Bloomberg News Senior Editor, Equities Americas Eric Weiner recaps the week in markets and looks ahead to the Federal Reserve’s upcoming rate decision

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NIH Backs Leading Cardiologist's Work on Women's Heart Health

Fri, 05 Dec 2025 13:00:00 +0000

Dr. Nupoor Narula, MD, MSc is the Bruce Lerman Clinical Scholar, cardiologist, and Director of the Cardiology Vascular Laboratory and Women’s Heart Program at Weill Cornell Medicine. An NIH-funded physician-investigator, her clinical and research interests include genetic aortic diseases and aortic aneurysms and dissections, with a special emphasis on these conditions in women and pregnancy.

Dr. Narula recently received funding from the National Institutes of Health for her research on aortic aneurysms, and the NIH continues to fund related research in the area of women's heart health, which may signal a greater appetite to invest in, and prioritize an increasingly important clinical need. Dr. Narula details her work on cardiac risks to women, particularly during pregnancy, with Carol Massar and Alexis Christoforous on Bloomberg Businessweek Daily.

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Zuckerberg Plans to Cut Metaverse Group's Budget Up to 30%

Fri, 05 Dec 2025 00:35:18 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.

Executives are considering potential budget cuts as high as 30% for the metaverse group next year, which includes the virtual worlds product Meta Horizon Worlds and its Quest virtual reality unit, according to people familiar with the talks, who asked not to be named while discussing private company plans. Cuts that high would most likely include layoffs as early as January, according to the people, though a final decision has not yet been made.

Savings from the metaverse cuts are expected to funnel toward other futuristic projects within Meta’s Reality Labs division, including AI glasses and other wearables, according to people familiar with the plans.

The proposed metaverse cuts are part of the company’s annual budget planning for 2026, which included a series of meetings at Zuckerberg’s compound in Hawaii last month, the people said. Zuckerberg has asked Meta executives to look for 10% cuts across the board, which has been the standard request during similar budget cycles the past few years, they added.

Today's show features:

Gene Munster, Co-Founder and Managing Partner of Deepwater Asset Management, on the latest talent departure from Apple to Meta, and the AI arms race
Bloomberg News Senior Technology Reporter Kurt Wagner on Meta CEO Mark Zuckerberg’s plan to cut resources for building the metaverse
Jimmy Lee, CEO, The Wealth Consulting Group, on the market outlook heading into 2026
Bloomberg News Consumer Reporter Jeanette Neumann on quarterly earnings from Ulta Beauty

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CraftCo. CEO on the Alcohol Business Outlook

Thu, 04 Dec 2025 13:00:00 +0000

Holland, Michigan-based CraftCo. Brands has a diverse portfolio of craft spirits comprised of more than 30 spirits and liqueurs across the bourbon, gin, vodka, rye, and ready-to-drink categories. However, Bloomberg Intelligence notes that the use of weight-loss drugs stand to deepen alcohol's demand slump in the US and Europe, as moderation and wellness trends gain ground.
Ali Anderson, the CEO of CraftCo., discusses the outlook for the spirits industry for 2026 and beyond, as well as changing consumer habits when it comes to consumption levels. Ali speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Payrolls at US Companies Fall by Most Since 2023, ADP Says

Wed, 03 Dec 2025 23:03:33 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
US companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market.
Private-sector payrolls decreased by 32,000, according to ADP Research data released Wednesday. Payrolls have now fallen four times in the last six months. The median estimate in a Bloomberg survey of economists called for a 10,000 gain.
Wednesday’s weak ADP report risks heightening concerns of a more rapid deterioration in the labor market ahead of the Federal Reserve’s final policy meeting of the year next week. It could hold more sway than usual as one of the few up-to-date reports officials will have by then, as the shutdown delayed the government’s November jobs report.
Policymakers have been torn as to whether they’ll cut interest rates for a third straight meeting as they attempt to balance the slowdown in the job market with still-elevated inflation. Investors, however, widely expect the Fed to lower borrowing costs next week.
Today's show features:

Bloomberg Economics US and Canada Economist Stuart Paul on the latest ADP jobs data and near-term expectations for Federal Reserve leadership and policy, and Bloomberg News Consumer Team Leader Emily Cohn on earnings from Macy’s and Dollar Tree, as well as the health of the US consumer
Scott Sanborn, Chief Executive Officer of LendingClub, and Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan, on the company’s expansion into home improvement financing and the outlook for US monetary policy
Amy Rubenstein, CEO of Clear Investment Group, on the distressed real estate market

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Family Offices Look to Next Generation of Investors

Wed, 03 Dec 2025 13:30:00 +0000

New research from Bank of America Private Bank offers a rare look at how the world’s wealthiest families are preparing for a major generational handover, as nearly 60% expect a leadership transition within the next decade, and how next-gen leaders are reshaping investing, philanthropy, and innovation. The Bank of America Family Office Study captures over 300 family office leaders’ perspectives into how their organizations are navigating complexity and preparing for this seismic change.

Elizabeth Thiessen is a Managing Director and the Head of Family Office Solutions with Bank of America Private Bank. She breaks down the figures with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Crypto Firm Tied to Trumps Sees Shares Sink as Lockup Ends

Tue, 02 Dec 2025 22:28:36 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

American Bitcoin Corp. stock plunged on Tuesday after restricted shares of the crypto miner co-founded by Eric Trump were freed up to be traded. The selloff was swift. Shares lost more than half of their value in less than 30 minutes as the equity lockup expired, triggering repeated trading halts. The stock pared declines later in the trading session.

Shares from a private placement that took place before American Bitcoin merged with Gryphon Digital Mining Inc. became available on Tuesday, according to the crypto miner and a post on the social media platform X by Trump.

“We expect near term volatility as those shares come to market and as some investors take the opportunity to realize gains,” Matt Prusak, president of American Bitcoin, said in a statement.
Crypto firms have often seen large declines after the end of share lockup periods or announcing private investment in public equity filings, as their largely retail investor base takes it as a signal to sell. Retail traders often fear that those early investors will want to lock in their gains and unload shares.

Today's show features:

Bloomberg News Equities Reporter Monique Mulima on the crypto market and the pullback in shares of Eric Trump’s American Bitcoin Corp.
Alan Zafran, Co-Founder and Managing Partner of IEQ Capital on the credit market outlook and AI bubble concerns
Bloomberg News Wealth Reporter Biz Carson on Michael Dell’s $6.25 billion donation to help fund ‘Trump Accounts’ for American children
Louise Phillips Forbes, Real Estate Broker for Brown Harris Stevens, on the outlook for New York City real estate under Mayor-elect Zohran Mamdani

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Zscaler CEO Jay Chaudhry on Battling Global Cyber Threats

Tue, 02 Dec 2025 13:00:00 +0000

Cybersecurity giant Zscaler is a pioneer and global leader in zero trust security. Many of the world’s largest businesses, critical infrastructure organizations, and government agencies rely on Zscaler to secure users, branches, applications, data & devices, and to accelerate digital transformation initiatives.

The company says its "Zero Trust Exchange" platform is distributed across 160+ data centers globally, and combines with advanced AI to help combat billions of cyber threats and policy violations every day
Jay Chaudhry, Zscaler's Founder, Chairman and CEO, discusses his firm's most recent earnings as well as the landscape for cybersecurity as a service.

Jay speaks with Carol Massar, Tim Stenovec, and Mandeep Singh, the Global Head of Technology Research for Bloomberg Intelligence, on Bloomberg Businessweek Daily.

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Stock Rally Takes a Break as Crypto World Gets Hit

Mon, 01 Dec 2025 22:38:29 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The start of a historically strong month on Wall Street saw stocks falling as traders shunned riskier corners of the market amid a selloff in cryptocurrencies. A rout in Japanese debt rippled through global bonds.

Caution prevailed after a rally that drove the S&P 500 to its longest streak of monthly gains since 2021. The Russell 2000 gauge of small caps slid over 1%. Nearly $1 billion of leveraged crypto positions were liquidated during a sharp drop in prices that brought fresh momentum to a wide-ranging industry plunge. Bitcoin sank to around $85,000.

Despite the reduced appetite for risk, Treasuries kicked off the week on the back foot as Japan’s bond yields climbed after comments from the central bank chief spurred rate-hike wagers.
Equities lost steam after investors wrapped up a choppy November with gains amid growing speculation that the Federal Reserve is more likely than not to ease policy this month.

Today's show features:

Doug Ciocca, CEO of Kavar Capital, on markets, the economy and investment strategies to close out 2025
Bloomberg Tech Co-Host Ed Ludlow on Nvidia’s $2 billion investment into chip-design software maker Synopsis
Christina Lee, Managing Director and Co-Portfolio Manager for US Private Debt Strategy at Oaktree Capital Management on the health of the US credit market
Dana Telsey, Founder, CEO and Chief Research Officer of Telsey Advisory Group, recaps Black Friday and breaks down key retail spending trends for Cyber Monday

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Black Friday Special

Fri, 28 Nov 2025 19:14:28 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
On this special edition of the show following Thanksgiving, Carol Massar and Vonnie Quinn discuss the day's trade, the state of the consumer and more.
Today's show features:

Dan O'Connell, CEO of Front
Natalie Kotlyar Managing Principal & National Retail Consumer Products Industry Leader at Bdo
Clint Henderson, Managing Editor at The Points Guy
Norah Mulinda, Bloomberg TV markets correspondent on the day's trade

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Bloomberg Businessweek Weekend - November 28th, 2025

Fri, 28 Nov 2025 19:00:00 +0000

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ACI Worldwide Raises Guidance, Commits to Digital Assets

Fri, 28 Nov 2025 13:30:00 +0000

ACI Worldwide, an innovator in global payments technology, delivers software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. In addition to reporting strong third-quarter and year-to-date results, and raising its full-year 2025 outlook as it reported earnings, the company also recently entered into a strategic partnership with BitPay, the world’s leading cryptocurrency payments processor.

Robert "Bobby" Leibrock joined ACI as its CFO effective July 1. He breaks down the firm's expansive customer base and details its renewed commitment to digital assets with Carol Massar, Tim Stenovec and Bloomberg News Senior Editor on Bloomberg Businessweek Daily.

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Russians Are Now Feeling Real Economic Pain From Putin’s War

Wed, 26 Nov 2025 22:42:55 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

As President Vladimir Putin’s war on Ukraine enters a fourth winter, Russians are having to come to grips with its growing impact on nearly every aspect of their daily lives.

Dozens of regions in central and southern Russia are now feeling the war’s proximity as drones and sometimes missiles hit energy sites and residential buildings. Air raid sirens wail almost every night, offering a constant — and very public — reminder of how the conflict is encroaching.
Beyond the front lines, the rest of Russia, Moscow included, has started to feel the economic toll. From households cutting back on food spending to struggling steel, mining and energy companies, the country’s economic engine is showing multiple fractures, and the earlier resilience spurred by massive fiscal stimulus and record energy revenues is being tested.

The degree of suffering is incomparable to that of Ukraine, and is in any case unlikely to prompt Putin to end the war, yet it underlines the ever-higher cost being extracted for his decision to launch the all-out invasion in February 2022.

The fallout is hitting just as the US applies pressure to curb oil and gas revenue flowing to Moscow as part of the Trump administration’s flurry of activity aimed at reaching a ceasefire. Momentum for a deal is growing, with talks shifting to Moscow and US-Russian negotiations known to have been working behind the scenes on a package that would give Kremlin the sanctions relief it wants.

Today's show features:

Elise Giuliano, Senior Lecturer in Political Science at Columbia University, on whether the US can ultimately get Russia and Ukraine to agree to peace terms as US presidential envoy Steve Witkoff prepares to visit Moscow
Bloomberg Economics US and Canada Economist Stuart Paul and Claudia Sahm, Chief Economist for New Century Advisors on Wednesday’s jobless data, the US consumer and the Federal Reserve Beige Book
Bloomberg Boston Bureau Chief Brooke Sutherland on the latest earnings from Deere, and why its downbeat 2026 forecast is an indicator of broader economic uncertainty
Max Wasserman, Founder and Senior Portfolio Manager of Miramar Capital, on potential concentration risk and over-reliance on AI and technology stocks for returns

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HSBC's Oden on Private Markets, Women and Wealth

Wed, 26 Nov 2025 13:30:00 +0000

A new HSBC report launched in collaboration with Know Your Value called "The Giving Shift: Global Living, Local Giving," shows a powerful transformation in how women across the US are building wealth and giving back. Moving away from performative, prestige-driven philanthropy, this new generation of women is ushering in a personal, grounded approach to giving—one rooted in
community, family, and tangible impact.

Racquel Oden, HSBC's US Head of International Wealth and Private Banking, discusses the report's findings as well as the recent shift in sentiment among some private market investors. Racquel speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Hassett Emerges as Frontrunner in Trump Fed Chair Audition

Tue, 25 Nov 2025 22:16:36 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.
With Hassett, Trump would have a close ally whom the president knows well and trusts installed at the independent central bank, the people said, speaking on the condition of anonymity. Hassett is seen as someone who would bring the president’s approach to interest-rate cutting to the Fed, which Trump has long wanted to control, some of the people said.
Still, Trump is known to make surprise personnel and policy decisions, meaning a nomination is not final until it’s made public, they said.

White House Press Secretary Karoline Leavitt in a statement said, “nobody actually knows what President Trump will do until he does it. Stay tuned!”

Fed chair and governor picks are historically the most direct way a president can influence the central bank. Trump nominated current Chair Jerome Powell during his first term. He came to regret the decision when Powell didn’t push for lower interest rates at the pace Trump wanted.

Today's show features:

Stuart Kaiser, Head of US Equity Trading Strategy at Citi, on the tug-of-war between market momentum and seasonal trends
Bloomberg News Big Tech Team Leader Sarah Frier on Google’s major leap forward in the global AI race
Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on the latest White House optimism around efforts to negotiate a peace deal between Ukraine and Russia, and whether there is hope for a lasting US-China trade truce
Jennifer Ewbank, Founder of Andaman Strategic Advisors, on the recent cyber-attack on the Congressional Budget Office, and the risks of broader cyber-warfare with China
Ryan Kelley, Chief Investment Officer and Portfolio Manager at Hennessy Funds, on investment opportunities in small- and mid-cap stocks

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Upwork Rolls Into the Human + AI Era

Tue, 25 Nov 2025 13:00:00 +0000

Upwork (Nasdaq: UPWK) last week outlined its long-term growth strategy and financial outlook at its 2025 Investor Day. Upwork President and CEO Hayden Brown, CFO Erica Gessert, and other executives detailed how the company has fundamentally rewired its business over the last three years and is leading the reinvention of flexible work in the AI era. The company also unveiled its full year 2026 guidance and 2028 growth targets, seeing itself as well-positioned to capture a greater share of the $1.3 trillion global digital knowledge work market.

Erica details Upwork's playbook for durable and profitable growth with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump Says He’ll Visit China; Xi Presses US Leader on Taiwan

Tue, 25 Nov 2025 00:16:59 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump and Chinese President Xi Jinping on Monday held their first talks since agreeing to a tariff truce last month, discussing trade, Taiwan and Russia’s invasion of Ukraine.
Trump said the telephone call was “very good” and that the leaders spoke about purchases of soybeans and other farm products as well as curbing shipments of illegal fentanyl. The US president said he agreed to visit Beijing in April, and that he had invited Xi for a state visit next year.

“Our relationship with China is extremely strong!” Trump posted on social media. “There has been significant progress on both sides in keeping our agreements current and accurate. Now we can set our sights on the big picture.”

But the US president’s readout of the call sidestepped one issue — the self-governing island of Taiwan — that was a central focus for Xi. The Chinese leader told Trump that the return of Taiwan to China is a key part of the post-World War II international order, according to a Chinese Foreign Ministry statement. Xi also said the two countries should keep the positive momentum generated during their meeting last month in South Korea and expand cooperation, the statement said.

The leaders also spoke about Russia’s invasion of Ukraine and Xi expressed hope for the two sides to reach a binding peace agreement, the ministry said. The call lasted an hour, White House Press Secretary Karoline Leavitt told reporters.

Today's show features:

Bloomberg News Senior Editor for Technology & Strategic Industries Michael Shepard on the latest White House headlines as peace plans for Ukraine continue to stall, President Trump speaks with China’s Xi Jinping and the US continues to spar with the EU over tariffs.
Jennifer Lee, Senior Economist and Managing Director of Economics at BMO Capital Markets, on expectations for this week’s late-arriving PPI and retail sales reports from September
Bloomberg Intelligence Senior Technology Credit Analyst Robert Schiffman on Oracle investor scrutiny amid a debt spree to finance artificial intelligence investments
Leo Kelly, CEO of Verdence Capital Advisors, on markets and the Federal Reserve’s path forward

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ConnectOne Bank CEO Remains Bullish Amid Economic Risks

Mon, 24 Nov 2025 13:00:00 +0000

Frank Sorrentino III is Chairman and CEO of ConnectOne Bank (CNOB), which has banking offices across New Jersey, New York and South Florida. Mr. Sorrentino and other Bergen County civic and business leaders founded the bank to serve local residents and businesses by providing personalized community banking services. Mr. Sorrentino is responsible for the firm's business development plan, while also serving as its community liaison, and sitting on the loan committee.

Sorrentino offers his take on the strength of the community banking sector, as well as the direction of US monetary policy in the near-term. Frank speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - November 21st, 2025

Sat, 22 Nov 2025 00:00:00 +0000

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Trump Says He’d ‘Feel Very Comfortable’ Living in Mamdani’s NYC

Fri, 21 Nov 2025 22:23:14 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he wants to see Zohran Mamdani succeed, saying after a highly anticipated sit-down that he’d “feel very comfortable” living in a New York run by the mayor-elect and that he doesn’t anticipate cutting off funding for the country’s most populous city.
“I expect to be helping him, not hurting him,” Trump said of Mamdani in a press conference that repeatedly stressed the two politicians’ political alignment over cost-of-living issues. “I want New York City to be great.”

The meeting was the first between the two leaders who have clashed publicly over their political agendas but are seeking to determine if they can work together. Their talks held high stakes for the governance of the capital of global finance and for their respective political parties ahead of next year’s midterm elections.

During the mayoral election, Trump repeatedly assailed Mamdani — a democratic socialist who won on a progressive platform — as a “communist,” urging voters to reject his candidacy and threating to pull government funding from New York, the president’s hometown. Republicans have also eagerly sought to turn Mamdani into a foil for Democratic policies with voters well beyond the city.

On Friday, the two men appeared cordial and friendly, with Trump shrugging off questions about Mamdani’s prior references to the president as a “despot” as “not that insulting.” They told reporters that they spent the majority of their meeting discussing the cost of rent, groceries and utilities. The president also said he shared some of Mamdani’s ideas on how to address affordability.

Today's show features:

Bloomberg News White House and National Security Editor Michelle Jamrisko on President Donald Trump’s White House meeting with New York City Mayor-elect Zohran Mamdani
Sarah Levy, CEO of Betterment, and Bloomberg News Senior Editor, Equities Americas Eric Weiner recap the volatile week in markets and react to President Trump’s meeting with NYC Mayor-elect Zohran Mamdani
Christina Cassotis, Chief Executive Officer of the Pittsburgh International Airport, on the opening of the airport’s new terminal and preparations for holiday travel amid lingering effects from the government shutdown

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Biomechatronics Pioneer on Meeting the Needs of Women Patients

Fri, 21 Nov 2025 13:00:00 +0000

Hugh Herr is a driving force behind the creation of bionic limbs that emulate the function of natural limbs. His revolutionary work is in the emerging field of "Biomechatronics," a technology that marries human physiology with electromechanics. A double amputee himself, he is responsible for breakthrough advances in bionic limbs that provide greater mobility and new hope to those with physical disabilities. He currently serves as a Professor of Media Arts and Sciences at the MIT Media Lab, and co-leads the Yang Center for Bionics at MIT.
Among the key aspects of the work being done at MIT is designing prosthetics that are specifically tailored to women's bodies. Dr. Herr explains how his team is meeting the needs of female patients in an area where the focus has traditionally been on the male anatomy. He speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Blue Owl Money Machine Sputters in Face of Private Credit Cracks

Thu, 20 Nov 2025 23:12:47 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Blue Owl Capital Inc.’s Craig Packer has been something of a mainstay on the New York Stock Exchange in recent years, ringing the opening bell multiple times to toast the private credit giant’s public funds.On Wednesday, minutes after the market opened, his mood was anything but celebratory.
Blue Owl had just announced it was scrapping a planned merger of two of its private credit funds, backtracking on a plan revealed Nov. 5 after scrutiny arose over the potential losses some investors would have to swallow as part of the deal. The parent company’s shares had fallen this week to the lowest level since 2023.
Packer bemoaned “negative articles” about private credit that caused its stock to sink. When it comes to Blue Owl’s business development companies, the firm’s co-founder said on CNBC, “there’s no emergency here.”
The abrupt reversal is a rare egg-on-face moment for Blue Owl, which for years has been held up as the poster child of the boom times in the $1.7 trillion private credit market. Created as a merger between Owl Rock Capital and Dyal Capital Partners in 2021, it has pitched itself as a one-stop financing shop that can compete with banks and the biggest alternative asset managers.
Today's show features:

Bloomberg News Chief Correspondent for Private Capital Davide Scigliuzzo and Chief Wall Street Correspondent Sridhar Natarajan on the fallout from Blue Owl’s scrapped private-credit fund merger, and whether it portends further credit market pain
Abby Roach, Senior Portfolio Analyst for the Empiric LT Equity Team with Allspring Global Investments, on quarterly earnings from Walmart and the outlook for the US consumer
Lane Bess, CEO of Deep Instinct, Chairman of Blaize, and former CEO of Palo Alto Networks, on Nvidia’s impact on the broader market for semiconductors
Brent Schutte, CIO at Northwestern Mutual Management, on the lack of timely government data contributing to uncertainty about the state of the US. economy

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BioRender CEO on Anthropic Deal, AI for Complex Imagery

Thu, 20 Nov 2025 13:00:00 +0000

BioRender is a leading AI-powered platform for scientific communication. It is designed to bridge communication gaps across specialties, roles, and decision-makers that slow scientific discovery. By combining figure creation, presentations, graphing, analysis, and collaborative whiteboarding, it reduces the need for fragmented design and illustration tools, meeting minutes, and personal notepads.
Co-founded out of Y Combinator by Shiz Aoki in 2017, BioRender says it has become the most widely used visual communication platform in science and healthcare for accurate images, claiming to be deployed at every major research university, 90% of the largest pharmaceutical companies globally, as well as 15 Nobel Prize-winning labs. The company also recently signed a collaboration with Anthropic as part of the "Claude for Life Sciences" initiative, and has reached a value of nearly $1 billion. Shiz discusses her company's growth and key partnership with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Nvidia Gives Strong Forecast, Countering Fears of AI Bubble

Wed, 19 Nov 2025 22:52:11 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Nvidia Corp., the world’s most valuable company, gave a strong revenue forecast for the current period, helping counter concern that a global surge in AI spending is poised to fizzle.
Sales will be about $65 billion in the fiscal fourth quarter, which runs through January, the chipmaker said in a statement Wednesday. Analysts had estimated $62 billion on average, with some predictions ranging as high as $75 billion.

The outlook signals that demand remains strong for Nvidia’s artificial intelligence accelerators, the pricey and powerful chips used to develop AI models. Nvidia has faced growing fears that the runaway spending on such equipment isn’t sustainable.

Huang has repeatedly downplayed concerns about an AI bubble, saying last month that the company has more than $500 billion of revenue coming over the next few quarters. Owners of large data centers will continue to spend on new gear because AI has begun to pay off, he said.

Today's show features:

Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, breaks down Nvidia’s latest earnings report
Bloomberg Tech Co-Host Ed Ludlow reacts to Nvidia’s results and previews his upcoming conversation with CEO Jensen Huang
Bloomberg News Big Tech Team Leader Sarah Frier on the impact of Nvidia’s results on the broader outlook for AI spending
Samuel Sahn, Managing Partner, Portfolio Manager at Hazelview Investments, on his firm’s new white paper detailing is how AI is reshaping asset values, operational models, and investment strategies

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Farmgirl Flowers CEO on the Challenges of Bootstrapping

Wed, 19 Nov 2025 13:00:00 +0000

Farmgirl Flowers was launched back in 2010 as a one-woman-show when founder and CEO Christina Stembel began working from her dining room table with a vision to change the way people buy flowers online. Her company says its burlap-wrapped bouquets and vase arrangements are "designed to make recipients feel seen, loved, and celebrated."
Now as the company celebrates its 15th anniversary, its leader is doubling down on her commitment to build for growth rather than building to sell. Christina discusses the outlook for her firm, as well as the challenges facing the small business in the current economic environment with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Stocks Fall Before Nvidia’s High-Stakes AI Results

Tue, 18 Nov 2025 22:53:39 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
A selloff in the world’s largest technology companies drove stocks to their longest slide since August, underscoring the American market’s narrow reliance on a handful of growth giants.
The S&P 500 lost almost 1%, falling for a fourth straight day. In the run-up to Nvidia Corp.’s results, the shares sank 2.8%. The bar is getting higher for the chipmaker to convince investors that the billions of dollars spent on artificial intelligence will pay off. Its outlook could have significant implications due to the firm’s massive influence on major indexes.
Wall Street has grown increasingly concerned that AI isn’t yet generating enough revenue or profits to justify the massive spending on infrastructure. Microsoft Corp. and Nvidia are committing to invest up to a combined $15 billion in Anthropic PBC, in a move that ties the AI developer closer to two of the biggest backers for its rival OpenAI.
The S&P 500 dropped to around 6,617, the lowest in more than a month. A gauge of tech megacaps slid 1.8%. A closely watched index of stock volatility — the VIX — hovered near 25.
Bitcoin climbed after briefly dropping below $90,000. The yield on 10-year Treasuries slid two basis points to 4.12%. The dollar wavered.
Today's show features:

Vance Howard, CEO & Portfolio Manager, Howard Capital Management, on market valuation and AI bubble concerns
Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on Saudi Crown Prince Mohammed bin Salman’s White House visit with President Donald Trump
Dr. Adam Posen, President of the Peterson Institute for International Economics, on the global economic outlook and the US monetary policy impact
Stephanie Guild, Chief Investment Officer at Robinhood Markets, on the makeup of next-gen retail investors and key trends among female investors who are increasingly coming into greater wealth

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Beauty Product Boom Lifts Sally to Highest Since 2023

Tue, 18 Nov 2025 13:00:00 +0000

Sally Beauty Holdings, Inc. (NYSE:SBH) is a global distributor and retailer of professional beauty products with revenues of $3.7 billion annually. Through the Sally Beauty Supply and Beauty Systems Group businesses, the company sells and distributes through over 4,000 stores, including approximately 132 franchised units, throughout the United States and Puerto Rico, the United Kingdom, Belgium, Chile, France, Canada, Mexico, Ireland, the Netherlands and Germany.

Denise Paulonis has served on the firm's board of directors since May 2018 and was appointed President and Chief Executive Officer in October 2021. She joins to break down her company’s latest quarterly earnings report and examine the health of the American consumer with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Stock Slide Deepens in Run-Up to Nvidia and Jobs

Mon, 17 Nov 2025 22:00:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street traders gearing up for Nvidia Corp.’s earnings and the jobs report shunned riskier assets as both events will be key in shaping the global financial outlook throughout the rest of 2025.
Just days ahead of tests of the two main pillars of the bull market — prospects for artificial intelligence and Federal Reserve rate cuts — equities fell alongside crypto. The S&P 500 lost over 1% — breaching a technical level seen by many as a gateway to a deeper pullback. The gauge is set to snap 138 sessions during which it held above its 50-day moving average — its second-longest stretch this century.

Nvidia’s report Wednesday will come out amid investor uneasiness about stratospheric AI valuations even though the chipmaker is widely expected to deliver another earnings beat. Options traders are pricing in a 6.5% swing in either direction for the stock, which would be the highest implied move in a year.

Then there’s the September jobs report, which will be released Thursday after a delay due to the US shutdown. Fed Vice Chair Philip Jefferson said he sees risks to the labor market as skewed to the downside, but warned policymakers need to proceed slowly.

Scrutiny of Walmart Inc. and Target Corp. results will also be heightened as investors seek clues on consumer appetite and the broader economy. More than 400 shares in the S&P 500 fell, with the gauge hovering near 6,650. Nvidia slipped as Peter Thiel’s hedge fund Thiel Macro LLC sold off its entire stake in the chipmaker last quarter. Alphabet Inc. climbed as Warren Buffett’s Berkshire Hathaway Inc. built a $4.9 billion stake in the third quarter.

Today's show features:

R.C. “Chris” Whalen, Chairman, of Whalen Global Advisors, on the US economic and monetary policy outlook
Aaron Jagdfeld, Chairman, President and CEO of Generac, on the company's most recent earnings and the health of the American power grid
Laura Chambers, Chief Executive Officer of Mozilla Corporation on the growing presence of AI in our day-to-day web browsing experience and Internet and data privacy challenges
Sevasti Balafas, Founder and CEO at GoalVest Advisory on investing strategies amid macro uncertainty

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Web Surfing in the Artificial Intelligence Era

Mon, 17 Nov 2025 13:00:00 +0000

Webflow is an AI-native Website Experience Platform that empowers teams to visually build, manage, and optimize websites that offer both the consumer experience customers expect and the enterprise-grade performance and scale they need. Webflow aims to give users full control over their websites without reliance on engineering, with big-name customers including NCR, Dropbox, Spotify and DocuSign.

Linda Tong, the CEO of Webflow, explains why she sees the web actively splitting into two versions - one for us and one for AI bots, and how companies are adapting and will continue to adapt to maintain traffic to their websites. Linda speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend: November 14th, 2025

Sat, 15 Nov 2025 01:30:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Massachusetts Making Push to Offset Trump’s Research Cuts

Sat, 15 Nov 2025 00:08:56 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Business leaders, investors and academics have cheered Massachusetts Governor Maura Healey’s efforts to counter the Trump administration’s research funding cuts with state money — so much so that a recent meeting on the initiative required overflow seating. Healey, a Democrat, in July proposed funneling $400 million to institutions affected by the federal pullback.
Half of the money in Healey’s proposal would come from revenue raised by the state’s millionaire’s tax and would be reserved for the University of Massachusetts and other public colleges, while the rest could go to hospitals and private schools such as Harvard University.
She’s also seeking to establish a separate fund with contributions from philanthropists and private investors. The funds are meant to be a Band-Aid to help protect the universities and medical organizations that form the backbone of the Massachusetts economy. Healey sees the bill not only as a lifeline for life-saving therapies, but also as a way to retain the research talent that’s made Boston a global hub for the health-care industry.
Today's show features interviews conducted during a special broadcast from Boston Children's Hospital:

Bloomberg News Boston Money and Power Reporter Greg Ryan on a Massachusetts proposal to funnel $400 million to institutions affected by the federal pullback in research funding, Boston’s biotech real estate slump and other key regional issues
Dr. Joan LaRovere, Chief Medical Officer of Boston Children’s Hospital, on why research and innovation are central priorities for the nation’s leading medical institutions
Dr. Lissa Baird, Director of Neurosurgical Oncology and Co-director of the Brain Tumor Center at Boston Children’s Hospital, on leading one of the world’s most advanced pediatric neurosurgery programs
Dr. Ellen Grant, Director of Fetal-Neonatal Neuroimaging and Developmental Science at Boston Children’s Hospital, on the unmet needs to help treat women’s neurological health issues from migraines to autoimmune disorders to perinatal mental wellness
Dr. Martha Murray, Orthopedic Surgeon-in-Chief for Boston Children’s Hospital, on how she helped transform the treatment of ACL tears by pioneering an innovative, FDA-approved surgical procedure that promotes a more natural healing of ligament tears, an injury most common in teen girls and young women

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Bitcoin Sinks Deeper Below $100,000 as Bear Market Grips Crypto

Thu, 13 Nov 2025 22:38:19 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bitcoin sank deeper below the $100,000 mark, dragged down by a fresh wave of risk aversion and a selloff in tech stocks that reignited Wall Street jitters.
The digital currency fell as much as 3.9% to $97,956, intensifying a slump that’s wiped out more than $450 billion in value since early October. Once-reliable sources of support — including large investment funds, ETF allocators, and corporate treasuries — have stepped back, removing a key prop from this year’s rally and triggering a new phase of market fragility.
Analysts at 10x Research say the crypto market has entered a confirmed bear regime. The firm cites weakening ETF flows, continuing selling by long-term holders, and muted participation from retail buyers. The firm’s models flagged the shift in mid-October and now point to deteriorating sentiment beneath the surface. The next key level is $93,000, according to 10x.
Today's show features:

Eric Trump, Co-Founder and Chief Strategy Officer of American Bitcoin, on his company’s business model and the regulatory environment for cryptocurrency
Elizabeth Renter, Senior Economist at NerdWallet, on key economic data expectations as the US government reopens
Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan breaks down quarterly earnings from Disney

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FDA Pulls Warning Labels From Hormone Replacement Therapies

Thu, 13 Nov 2025 22:36:02 +0000

Hormone replacement therapies (HRTs) used to treat menopause symptoms no longer need to carry strict warnings about some potential side effects, including cancer and heart disease, the US Food and Drug Administration announced Monday. Commissioner Marty Makary said the agency is asking drugmakers to remove the strict black box warnings, with the goal of encouraging more women to take them. Labels on the medicines currently list potential side effects including cardiovascular disease, blood clots, breast cancer and dementia.

Fanny Elahi, MD, PhD is a physician-scientist and Associate Professor in the Departments of Neurology, Neuroscience, and Pathology at the Icahn School of Medicine at Mount Sinai in New York City. Dr. Elahi discusses the implications of this move and the importance of such therapies, particularly for women approaching menopause, with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Lumen Inks Palantir Deal as Growth Strategy Takes Hold

Thu, 13 Nov 2025 13:00:00 +0000

Lumen Technologies is on track to restore revenue gains by 2030 by shifting to growth products and divesting noncore assets. Bloomberg Intelligence notes that the company recently announced the sale of the Mass Markets fiber unit to AT&T for $5.75 billion in cash. It's also building new fiber routes for hyper-scaler cloud providers and social-media companies for AI traffic between data centers. It aims to tap other high-growth segments like edge compute and security to restore top-line growth, though the enterprise segment could inflect earlier. Lumen is carefully managing capex and seeks to eliminate $1 billion in costs by year-end 2027 to maximize free cash flow.
Chris Stansbury, the company's Chief Financial Officer, breaks down Lumen's path back to growth also details the firm's recent $200 million deal to source AI software from Palantir Technologies. Chris speaks with Carol Massar, Tim Stenovec and Bloomberg News Senior Editor Nina Trentmann on Bloomberg Businessweek Daily.

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Trump-Epstein Ties Back in Spotlight as Fight in Congress Looms

Wed, 12 Nov 2025 22:57:12 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Democrats returned to pressing Donald Trump on his ties to Jeffrey Epstein, highlighting a selection of emails in which the late financier and convicted sex trafficker suggested the president knew of his activities.
A congressional committee on Wednesday released some 20,000 pages of documents, pivoting attention away from the ongoing government shutdown and forcing the White House to respond to an issue that has frustrated the president and drawn scrutiny from parts of his base.
The trove of documents included emails in which Epstein — who died in 2019 while facing sex-trafficking charges — appeared to allege that Trump spent hours in a house with one of Epstein’s victims.
The new information came the same day that a new House lawmaker was officially sworn into office. Adelita Grijalva, an Arizona Democrat, immediately signed a petition forcing a vote on legislation to compel the Justice Department to release files on Epstein.

Today's show features:

Bloomberg News National Security Reporter Jamie Tarabay on emails released by congressional Democrats, which suggest Donald Trump spent hours in a house with one of Jeffrey Epstein's victims (according to Epstein)
Bob Michele, Chief Investment Officer and Head of the Global Fixed Income, Currency & Commodities (GFICC) group for JPMorgan Asset Management on the fixed income market, the US economy and ripple effects from the shutdown
CFO Briefing: Tricia Tolivar, Chief Financial Officer of Cava, and Bloomberg News Senior Editor Nina Trentmann
Peter Atwater, President of Financial Insyghts and Adjunct Lecturer of Economics at the College of William and Mary, on the US economic outlook

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Redefining Advanced Air Mobility

Wed, 12 Nov 2025 13:30:00 +0000

Lisa Wright is the Founder and CEO of Landings, a pioneering company developing a network of rural vertiports that expand access to advanced air mobility across the US. With over 20 years of experience in architecture, design, and operations, Lisa brings a unique perspective at the intersection of infrastructure, technology, and community development. Since founding Landings, she has led the company in building partnerships with municipalities, regional economic development agencies, landowners, and equipment manufacturers to catalyze investment in rural communities.

Lisa lays out her vision for building this cutting-edge aviation infrastructure, which she says can also create hubs for clean energy, workforce training, and economic revitalization. Lisa speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Wall Street Gains on Optimism US Will Soon Reopen

Tue, 11 Nov 2025 22:12:21 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street’s bets that the largest shutdown in US history is soon coming to an end drove a rebound in stocks, spurring optimism that access to official economic data will shed light on the Federal Reserve outlook.

The S&P 500 erased losses, with about 345 shares gaining. The Dow Jones Industrial Average climbed 1.2%. FedEx Corp. — a barometer of the economy — jumped over 5% as it expects profit this quarter to improve from a year ago. Nvidia Corp. sank 3% as SoftBank Group Corp. sold its entire stake in the chipmaker for $5.83 billion to help bankroll artificial-intelligence investments.

With the bond market closed for Veterans Day, Treasury futures rose after ADP Research data suggested the labor market slowed in the second half of last month. Traders have relied on private numbers as the government closure has delayed the release of official statistics.

A record-setting US shutdown is on a path to end as soon as Wednesday after the Senate passed a temporary funding measure. Reopening the government now depends on the House, which plans to return to Washington to consider the spending package. It would keep most of the government open through Jan. 30 and some agencies through Sept. 30. If approved, the bill goes to President Donald Trump, who has already endorsed the legislation.

Today's show features:

Eddie Ghabour, Co-Founder and CEO of Key Advisors Wealth Management, on the post-government-shutdown market landscape
Neil Dutta, Head of Economics at Renaissance Macro Research, on the US economic and monetary policy outlook
Bloomberg Businessweek National Correspondent Josh Green on the political blowback as Congress moves closer to officially ending the US government shutdown
Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan on Paramount Skydance shares jumping after the company raised its target for job cuts and cost-saving measures

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Buffett Says He’s ‘Going Quiet,’ Picking Up Donation Pace

Mon, 10 Nov 2025 22:22:11 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Warren Buffett, the billionaire investor who turned an aging textile mill into a more than $1 trillion conglomerate, said he’s “going quiet,” marking the end of an era for one of the business world’s most-watched investing gurus.

In a letter disclosing that he’s donating more than $1.3 billion to four family foundations, the 95-year-old investor, who is stepping down from his role of chief executive officer at the end of the year, said he’s going to stop writing Berkshire Hathaway Inc.’s annual letters and speaking at its meetings
.
And while he said he generally feels “good,” he is planning to “step up the pace” of his charitable giving to his kids’ foundations while he’s still alive.

“Though I move slowly and read with increasing difficulty, I am at the office five days a week where I work with wonderful people,” Buffett said in the letter released Monday. “Occasionally, I get a useful idea or am approached with an offer we might not otherwise have received. Because of Berkshire’s size and because of market levels, ideas are few – but not zero.”

Buffett is expected to hand his role of CEO to his successor Greg Abel at year-end. Letters such as the one released Monday, along with the ones that accompany the firm’s annual results, have become a must-read for his fans, who seek out the pearls of wisdom, investment advice and witticisms that drew a legion of fans to the billionaire investor.

Today's show features:

Bloomberg News Senior Editor, Equities Americas Eric Weiner on Warren Buffett's final weeks at the helm of Berkshire Hathaway
Henrietta Treyz, Co-Founder and Director of Economic Policy at Veda Partners, on what a potential end to the shutdown could mean for SNAP recipients and the Affordable Care Act
Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on whether the equities market can sustain recent gains
Swamy Kotagiri, Chief Executive Officer of Magna International, on recent earnings, the global automotive market and the impact of tariffs

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The Truth About Seed Oils and Ultra-Processed Foods

Mon, 10 Nov 2025 22:21:43 +0000

In mid-October, The Johns Hopkins Bloomberg School of Public Health hosted a media briefing to examine the health implications of seed oils and ultra-processed foods, topics that are generating increased public attention.

Seed oils, such as canola, soybean, and sunflower, are a major source of essential fatty acids in diets worldwide and are often the subject of conflicting information. Ultra-processed foods account for more than half of daily calories consumed in the US but have been linked to obesity, diabetes, cardiovascular disease, and other conditions.

Dr. Julia Wolfson, Associate Professor with the International Health Department at the Johns Hopkins Bloomberg School of Public Health, discusses her research related to the effects of these foods on our bodies, and whether government policy under the Trump administration is a net-positive or negative for public health. Dr. Wolfson speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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The Cutting Edge of Software Development in the AI Era

Mon, 10 Nov 2025 13:00:00 +0000

Ryan J. Salva is a veteran product leader at Google who has been at the forefront of building AI tools for developers. He is responsible for Google's products such as the recently launched Gemini CLI, an open source AI agent for developers, as well as Gemini Code Assist, the tech giant's AI coding assistant, both of which are changing how software is developed and deployed by individuals and organizations.

Ryan details the evolution of Google Gemini and its coding tools for developers with Carol Massar, Tim Stenovec and Mandeep Singh on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend: November 7th, 2025

Sat, 08 Nov 2025 01:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Duffy Warns of More Flight Cuts If Government Shutdown Drags On

Fri, 07 Nov 2025 22:41:24 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
US officials warned that the number of flight cancellations may need to double if the government shutdown drags out and air-traffic controller staffing shortages worsen, potentially escalating travel disruptions as the country heads into one of its busiest travel seasons.
US Transportation Secretary Sean Duffy said on Fox News Friday that regulators will continue to assess the strain on the aviation system and if the data moves in the wrong direction, the current plan to reduce flights by 10% by the end of next week could grow to 15% or even 20%.
With hundreds of services already trimmed and more on the way, air travel has become a flash point in the long-simmering clash between Republicans and Democrats over federal funding as President Donald Trump ramps up pressure to forge a deal.
The Republican-led administration has said the reductions are necessary to keep flying safe as staffing shortages strain resources. At least one top congressional Democrat has called for more transparency to ensure the move isn’t politically motivated.
Today's show features:

Bloomberg Intelligence Senior Aerospace, Defense & Airlines Analyst George Ferguson on the broader impact of the shutdown on the US airline industry
Karin Kimbrough, Chief Economist at LinkedIn, on the health of the US labor market
Alexis Browne Roberts, COO & Portfolio Manager at Alexis Investment Partners, on whether market valuations are being stretched
Rick Smith, CEO of Axon, on this week’s quarterly earnings report and stock swings since the company announced the $625 million acquisition for Carbyne

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Government Shutdown Ripples Through Health Care Sector

Fri, 07 Nov 2025 13:00:00 +0000

Senate Democrats are again urging Republicans to negotiate extending enhanced Obamacare premium tax credits, buoyed by sweeping gubernatorial elections in Virginia, New Jersey and a mayor’s race in New York City. Following this week's elections, Sen. Bernie Sanders (I-VT) said lawmakers’ government shutdown fight should continue unless President Donald Trump and House Speaker Mike Johnson (R-LA) commit to extending the ACA credits.
Dr. Susan J. Blumenthal has served under four US presidents, having achieved the rank of Rear Admiral (Ret.) with the US Public Health Service, is a former Assistant Surgeon General, and was the nation's first-ever Deputy Assistant Secretary for Women's Health. She currently works as a visiting professor with the MIT Media Lab. Dr. Blumenthal examines the impact of the ongoing government shutdown on the nation's millions of health-benefit recipients, and also details some of her advanced research on key issues affecting women's health -- particularly breast cancer. Dr. Blumenthal speaks with Norah Mulinda and Bailey Lipschultz on Bloomberg Businessweek Daily.

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Schwab Agrees to Buy Private Share Platform for $660 Million

Thu, 06 Nov 2025 23:09:40 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Charles Schwab Corp. agreed to buy Forge Global Holdings Inc., a marketplace for buying and selling shares of private companies, for about $660 million.
Under the terms of the transaction, Schwab will acquire all of Forge’s shares for $45 apiece, according a statement Thursday. That’s about 72% more than the closing price on Wednesday.
The deal would be the first for Schwab under Chief Executive Officer Rick Wurster, who took the helm of the retail brokerage at the beginning of the year. Acquiring Forge could aid his ambition to give customers more opportunities to gain exposure to unlisted companies, especially as those firms stay private for longer.
Westlake, Texas-based Schwab, which is also a bank, was swept up in the regional banking turmoil of 2023, but has since rebounded, reporting third-quarter earnings last month that beat estimates as consumers flocked to investing. Wurster said at the time that new Schwab brokerage accounts topped 1 million for the fourth quarter in a row.
Today's show features:

Rick Wurster, President & CEO of Charles Schwab on his firm agreeing to buy Forge Global Holdings
Kevin Gordon, Head of Macro Research and Strategy, Schwab Center for Financial Research on the challenges of investing amid the US government shutdown
Cayla Culver, Head of Risk & Controls, Schwab Advisor Services, on regulatory risks in the financial sector
Mike Townsend, Managing Director, Legislative & Regulatory Affairs, Charles Schwab, on evaluating political risks in the financial world on behalf of clients

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Teva Surges After Push Into Branded Drugs Drives Sales Beat

Thu, 06 Nov 2025 13:00:00 +0000

Teva Pharmaceuticals Inc. surged after sales of branded medications topped expectations, showing that its strategy to expand into that drug category is working. Total revenue last quarter of $4.48 billion beat consensus, driven by a 33% gain for a group of drugs that includes Austedo. Meanwhile, sales of generics — Teva’s core business — missed estimates. The Tel Aviv, Israel-based company has pushed into branded medications that have been drivers of the company’s growth in recent years. The generics business continues to make up the majority of Teva’s revenue.
Richard Francis, Teva's President and CEO, discusses his company's growth strategy and its move to renew the sale process for its active ingredients business after talks with an unnamed buyer fell through. Richard speaks with Emily Graffeo and Katie Greifeld on Bloomberg Businessweek Daily.

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Stocks Stage Rebound as Dip Buyers Wade Back In: Markets Wrap

Wed, 05 Nov 2025 22:43:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
At a time when every dip in stocks is perceived as an opportunity, buyers emerged after a brief pullback led by some of the biggest winners of the artificial-intelligence boom. Bitcoin rallied. Bonds fell.
Equities rebounded, with the S&P 500 up almost 1% following a slide that underscored worries over how stretched the market has become and how sensitive it is to unfavorable news. Chipmakers, which bore the brunt of the recent selling, led gains on Wednesday.
Bonds slid as data showed US services activity expanded at the fastest pace in eight months. Federal Reserve Governor Stephen Miran said a report underscoring a rise in employment at companies was “a welcome surprise,” but reiterated rates need to be lower.

Today's show features:

Rick Wurster, President & CEO of Charles Schwab on Advisor Services as a critical driver of Schwab’s business growth
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, on the market outlook for the remainder of 2025
Omar Aguilar, CEO & CIO of Schwab Asset Management on whether a resilient US economy is poised for a downturn
Kathy Jones, Chief Fixed Income Strategist. Charles Schwab, on US interest rate outlook and the Federal Reserve

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The Race for the World's First Advanced Nuclear Microreactor Developer

Wed, 05 Nov 2025 13:15:00 +0000

NANO Nuclear Energy is a leading advanced nuclear energy and micro modular reactor technology company focused on developing clean energy solutions. Last month, the firm announced that it would be investing more than $12 million to establish a manufacturing and research and development facility in Illinois, with support from a state incentive program. It is expected to support nuclear engineers, component manufacturers, researchers, and support personnel who will work in collaboration with the University of Illinois Urbana-Champaign on NANO Nuclear's lead project, the KRONOS micro modular reactor (MMR) Energy System.

James Walker, the firm's CEO and director, discusses the pursuit of bringing the first functioning small modular reactor into operation. James speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily. He is joined by Will Wade, Bloomberg News Energy Reporter.

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Stock Bulls Get Wake-Up Call From Wall Street CEOs

Tue, 04 Nov 2025 23:38:25 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

Risky assets slid, with tech stocks and cryptocurrencies bearing the brunt of the selling, after long-simmering concerns about lofty valuations were fanned anew by a chorus of Wall Street executives who warned investors to brace for a pullback.

With the rally confined to fewer and fewer shares as sentiment and technical indicators show signs of overheating, the chiefs of giants from Capital Group to Goldman Sachs Group Inc. and Morgan Stanley noted the possibility of a pullback as a healthy development.

Nobody needs to look hard to find warnings that stocks look frothy after a record-breaking surge from April’s nadir pushed valuations to levels associated with exuberance. Optimism has grown heated in recent months, with many traders seeming too busy chasing the upside to worry about an expensive market.

The S&P 500 recently notched one of its best six-month stretches since the 1950s fueled by the resilience of Corporate America, the booming outlook for artificial intelligence and hopes the Federal Reserve will keep cutting rates to prop up the economy. Yet those solid gains combined with the recent narrowness of the advance spurred vulnerability worries.

Today's show features:

Bloomberg Intelligence Global Equity Strategist Gillian Wolff on Tuesday’s tech-lead stock selloff
Kathy Wylde, President and CEO of the Partnership for New York City, on the 2025 NYC Mayoral Election
Mark Dixon, Founder & CEO of International Workplace Group, on earnings and the commercial real estate market
Bloomberg News Cross-Asset Reporter Isabelle Lee on new market entrants reshaping the $13 trillion ETF industry

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Building Pharmaceutical Supply-Chain Resilience

Tue, 04 Nov 2025 13:00:00 +0000

Antheia is the next-generation pharmaceutical ingredient producer with a mission to end drug shortages. Using advanced biosynthesis and fermentation technology, Antheia’s biomanufacturing platform enables rapid, efficient, agile, and on-demand production of key starting materials (KSMs) and active pharmaceutical ingredients (APIs) that are critical to public health. The firm believes its flexible approach supports the needs of a growing society and improves global access to essential medicines.

Founded in 2015, Antheia has grown into a commercial-stage company with its first product to market, an active customer pipeline, and near-term product launches. Dr. Christina Smolke, the company's co-founder and CEO, details her company's value proposition with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Palantir Reports Record Quarterly Revenue, Hikes Forecasts

Mon, 03 Nov 2025 23:02:20 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Palantir Technologies Inc. raised its annual revenue outlook to $4.4 billion and outpaced analyst estimates for third-quarter sales, citing “accelerating and otherworldly” growth for its artificial intelligence and data analytics products.

Revenue increased 63% to $1.18 billion in the period ended in September, the company said Monday in a statement. Analysts, on average, estimated $1.09 billion. In the current quarter, sales will be about $1.33 billion, compared with an average projection of $1.19 billion.

Palantir has reported revenue above analyst estimates for 21 consecutive quarters, according to data compiled by Bloomberg.
“We are in a nosebleed zone,” Palantir Chief Executive Officer Alex Karp said in an interview Monday. “No one else is here.”
Profit, excluding some items, was 21 cents a share, compared with analysts’ average estimate of 17 cents.

Palantir has been one of the biggest public beneficiaries of the artificial intelligence boom. The company sells its AI software to both governments and companies, and has become a key provider to the US and its allies.

Founded in 2003 with backing from Peter Thiel and the venture arm of the CIA, Palantir’s software organizes information from disparate data sources and prompts customers to make better decisions, using AI tools to make those calls more quickly. In corporate settings, this can mean finding ways to save money. On the battlefield this can mean shortening the time from identifying a threat to neutralizing it.

Today's show features:

Bloomberg Businessweek Senior Reporter Max Chafkin with reaction to quarterly earnings from Palantir
Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, on whether investors are facing a bubble amid continued bets on big tech and artificial intelligence
Bloomberg News Consumer Reporter Redd Brown with US IPO and Deals Reporter Ryan Gould on Kimberly-Clark agreeing to buy Tylenol-maker Kenvue for $40 billion
Adam Goldstein, Founder and CEO of Archer Aviation on next-generation transportation and the economic opportunities afforded by eVTOLs

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The Fight Against Alzheimer’s Disease

Mon, 03 Nov 2025 13:00:00 +0000

Fanny Elahi, MD, PhD is a physician-scientist and Associate Professor in the Departments of Neurology, Neuroscience, and Pathology at the Icahn School of Medicine at Mount Sinai in New York City. She serves as Director of Fluid Biomarker Research at the Barbara and Maurice Deane Center for Wellness and Cognitive Health and is one of the leaders at the Alzheimer’s Disease Research Center, where she co-directs the Genetics and Genomics Core and oversees the development of novel blood biomarkers for neurodegenerative diseases.
Dr. Elahi discusses her critical work and the potential for using blood biomarkers as indicators for the eventual onset of brain disease, particularly in women. She speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - October 31st, 2025

Fri, 31 Oct 2025 23:00:00 +0000

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Trump Denies Reports That He’s Planning Strikes on Venezuela

Fri, 31 Oct 2025 20:50:46 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump denied that he is considering strikes on Venezuela, contradicting a media report that he’d given approval for such a move as well as his own past statements that he was preparing land attacks after a series of boat strikes.
Trump replied “no” when asked by reporters Friday aboard Air Force One if it was true he is weighing whether to attack military sites in Venezuela. He said “no” again when asked if he had decided on the matter.
The comments appeared to contradict a report in the Miami Herald earlier Friday that the Trump administration has opted to attack military installations inside Venezuela, and the strikes could come at any moment. The Wall Street Journal had also reported on Thursday that the administration had identified potential targets but hadn’t made a decision on whether to carry them out.Asked earlier about the reports, White House spokeswoman Anna Kelly said “unnamed sources don’t know what they’re talking about” and any announcement would come from Trump.
Asked earlier about the reports, White House spokeswoman Anna Kelly said “unnamed sources don’t know what they’re talking about” and any announcement would come from Trump.
The reports, and Trump’s comments, further clouded the picture around the US president’s intentions for Venezuela and his push to fight narco-traffickers in the Caribbean. Last week, Trump said “the land is going to be next” after a series of attacks since mid-September on alleged drug-running boats in the Caribbean Sea and the eastern Pacific. The US government has provided little documentation to support its accusations the vessels were carrying drugs, other than descriptions and video clips showing footage of the bombardments.
Today's show features:

Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on what the US-Venezuela conflict means for energy markets and earnings from Exxon and Chevron
Laura Martin, Senior Entertainment & Internet Analyst, Needham & Co., recaps mega-cap tech earnings from Apple, Meta, Alphabet and Amazon
Tom Forte, Managing Director and Senior Consumer Internet Analyst at the Maxim Group, on Amazon’s strong earnings and why he’s raising his price target for the stock
Dan Sheridan, CEO of Brooks Running, on the company's ninth consecutive quarter of year-over-year growth and global demand for performance running footwear

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New York Road Runners CEO on the TCS New York City Marathon

Fri, 31 Oct 2025 12:15:00 +0000

New York Road Runners is a nonprofit that aims to build healthier lives and stronger communities through the power of running. The organization has served communities across New York City for nearly 70 years through inclusive and accessible running experiences. It serves runners of all ages, abilities, and backgrounds year-round with 60 adult and youth races, and programs and events, including the TCS New York City Marathon.

Rob Simmelkjaer, the NYRR CEO, discusses the rich history of the upcoming race and the enormous economic impact it has on the Big Apple. Rob speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Apple Tops Sales Estimates Despite China Dip, Amazon Reports Cloud Unit Growth

Thu, 30 Oct 2025 22:46:13 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Apple Inc.’s fourth-quarter revenue edged past analysts’ estimates despite a surprise sales decline in China, where it’s been struggling to stage a comeback.

Total sales rose 7.9% to $102.5 billion in the period, which ended Sept. 27, the company said in a statement Thursday. That slightly beat the $102.2 billion average estimate. The company benefited from stronger-than-expected services growth, helping offset the China slowdown. The Mac and wearables division also performed better than anticipated.

Revenue from greater China fell 3.6% to $14.5 billion, well short of the $16.4 billion that analysts projected. The results renewed concerns that Apple is losing ground in a former growth market.

The company faces mounting competition from local smartphone providers in China and has struggled to offer artificial intelligence features in the country.

Meanwhile Amazon.com Inc.’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned that the largest seller of rented computing power was losing ground to rivals.

Amazon Web Services posted revenue of $33 billion, an increase of 20% from the prior year and the biggest year-over-year rise since the end of 2022. Analysts, on average, estimated 18% growth.

Investor expectations for the cloud business were relatively low heading into Thursday’s report after the company in recent quarters cited constraints in getting new data centers online. Chief Executive Officer Andy Jassy and other executives had said they were optimistic about the business, though they stopped short of forecasting a reacceleration of growth.

Today's show features:

Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure Poonam Goyal, Bloomberg Tech Co-Host Ed Ludlow and Eric Clark, Chief Investment Officer at Accuvest Global Advisors, examine quarterly earnings from Amazon
Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman, and Bloomberg Tech Co-Host Ed Ludlow react to Apple earnings

Bloomberg News Health Reporter Jessica Nix on the fight between Novo Nordisk and Pfizer over the acquisition of Metsera
Caroline Freund, Dean of the UC San Diego School of Global Policy and Strategy, on the latest meeting between US President Donald Trump and China’s Xi Jinping

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Instant Reaction: Apple Shares Gain as Sales Top Estimates

Thu, 30 Oct 2025 21:24:25 +0000

Apple's fourth-quarter revenue edged past analysts’ estimates despite a surprise sales decline in China, where it’s been struggling to stage a comeback. Total sales rose 7.9% to $102.5 billion in the period, which ended Sept. 27, the company said in a statement Thursday. That slightly beat the $102.2 billion average estimate. The company benefited from stronger-than-expected services growth, helping offset the China slowdown. The Mac and wearables division also performed better than anticipated. Apple shares gained more than 3% in late trading after the results were released. They had been up 8.4% this year through the close.

For more, Bloomberg Businessweek Daily spoke with Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners and Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech.

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Instant Reaction: Amazon Jumps After Sales, Profit Tops Estimates

Thu, 30 Oct 2025 20:49:25 +0000

Amazon's cloud unit posted the strongest growth rate in almost three years, reassuring investors concerned that the largest seller of rented computing power was losing ground to rivals. Amazon Web Services posted revenue of $33 billion, an increase of 20% from the prior year and the biggest year-over-year rise since the end of 2022. Analysts, on average, estimated 18% growth. The shares jumped about 10% in extended trading after closing at $222.86 on Thursday. The stock has lagged behind that of its industry peers this year, with investors worrying that the company has yet to benefit enough from its AI products. Microsoft Corp. and Alphabet Inc.’s Google have both generated faster growth in their cloud computing businesses than AWS.

For reaction, Bloomberg Businessweek Daily spoke with Bloomberg Intelligence Senior Analyst for E-Commerce and Athleisure Poonam Goyal, Ed Ludlow, host of Bloomberg Tech Ed Ludlow, and Eric Clark, Chief Investment Officer at Accuvest Global Advisors.

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True Religion's Denim Disruption Strategy

Thu, 30 Oct 2025 12:00:00 +0000

Founded in 2002, True Religion emerged onto the Los Angeles denim scene by disrupting the construction of the classic five-pocket jean. With its five-needle thread at two-stitch-per-inch process, the True Religion Super T stitch was instantly recognized for style that was unlike any other denim brand in the world. Today, True Religion is worn by athletes, musicians, artists, and loyal customers alike with the company putting its focus on producing high quality premium denim, sportwear and other apparel for men, women and kids.
Michael Buckley, the CEO of True Religion, discusses the apparel brand's growth strategy and pursuit of becoming a billion-dollar business in the coming years. Michael speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Meta, Microsoft and Alphabet All Report Earnings

Wed, 29 Oct 2025 21:50:04 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Meta Platforms Inc. said it expects total expenses to significantly increase in 2026, and the company will continue to spend at historic levels on data centers and other equipment to fuel its effort in artificial intelligence. The shares dropped in extended trading.
The company also reported third-quarter net income of $2.71 billion, which included a one-time, non-cash income tax charge of $15.9 billion due to the implementation of the tax bill signed into law in July, Meta said in the statement. Without the accounting charge, Meta said net income would have increased 19% to $18.6 billion.
Meta reported third-quarter sales of $51.2 billion, which beat analysts’ average estimate of $49.6 billion. The company has used profits from the advertising business to fuel its AI ambitions. While Meta has argued that its AI investments are paying off now by helping the company better target ads and content, a slowdown in ad sales could damp investor enthusiasm for Chief Executive Officer Mark Zuckerberg’s long-term vision for AI.
Meanwhile Microsoft Corp. reported a steeper climb in spending than Wall Street expected, fueling anxieties about the high costs of providing AI infrastructure.
First-quarter capital expenditures including leases, an indication of data center spending, came in at $34.9 billion, up from $24 billion in the preceding quarter, the company said Wednesday.
Alphabet Inc. reported quarterly sales that beat analysts’ estimates, buoyed by the performance of its cloud unit, which is surging as artificial intelligence startups seek Google’s support and computing power.
Third-quarter sales, excluding partner payouts, rose to $87.5 billion, Alphabet said in a statement Wednesday. That topped the $85.1 billion expected on average by analysts, according to data compiled by Bloomberg.
Net income was $2.87 per share, compared with Wall Street’s estimate of $2.26.The company is investing record amounts to try to push progress in AI, and infuse answers and assistance from its large language model, Gemini, into its popular products including search. The company said capital expenditures for the year will be $91 billion to $93 billion, up from the $85 billion earlier estimate.

Today's show features:

Bloomberg Intelligence Senior Technology Analyst Anurag Rana on Microsoft earnings and Alphabet’s AI ambitions
Ivan Feinseth, Research Director and Chief Investment Officer with Tigress Financial Partners, with reaction to Wednesday's big tech earnings
Brooke May, Managing Partner at Evans May Wealth, breaks down Microsoft and Alphabet earnings
Bloomberg News Senior Technology Reporter Kurt Wagner, on Meta’s latest earnings

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Instant Reaction: Microsoft, Meta Shares Slip After Earnings

Wed, 29 Oct 2025 21:05:10 +0000

Microsoft Corp. reported a steeper climb in spending than Wall Street expected, fueling anxieties about the high costs of providing AI infrastructure. First-quarter capital expenditures including leases, an indication of data center spending, came in at $34.9 billion, up from $24 billion in the preceding quarter, the company said Wednesday. Microsoft continues “to increase our investments in AI across both capital and talent to meet the massive opportunity ahead,” Chief Executive Officer Satya Nadella said in a statement. Total revenue increased 18% to $77.7 billion in the fiscal first quarter, while profit was $3.72 a share. Analysts on average estimated sales of $75.6 billion and per-share earnings of $3.68. The Azure cloud-computing unit posted a 39% revenue gain in the quarter when adjusting for currency fluctuations, beating the Wall Street estimate of 37%. Investor expectations for Microsoft were high heading into earnings, with all but one analyst tracked by Bloomberg rating the stock a buy.

Meta Platforms said it expects total expenses to significantly increase in 2026, and will continue to invest at historic levels in artificial intelligence. The company also reported third-quarter net income of $2.71 billion, which included a one-time, non-cash income tax charge of $15.9 billion due to the implementation of the tax bill signed into law in July, Meta said in the statement. Without the accounting charge, Meta said net income would have increased 19% to $18.6 billion.
Looking beyond the third-quarter, the company said it expects a “significant reduction” in US federal cash tax payments for 2025 and years to come due to the new law. Meta reported third-quarter sales of $51.2 billion, which beat analysts’ average estimate of $49.6 billion.

For analysis of the tech earnings, Bloomberg Businessweek Daily spoke with Bloomberg Intelligence Senior Technology Analyst Anurag Rana and Ivan Feinseth, Research Director and Chief Investment Officer with Tigress Financial Partners.

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Wayfair Surges on 3Q Beat, 4Q Guidance, AI Success

Wed, 29 Oct 2025 12:00:00 +0000

Wayfair shares rose to their highest level since April 2022, after the e-commerce home furnishing retailer reported third quarter results that easily topped expectations. On the earnings call, management gave guidance for the current quarter that also topped consensus estimates, and spent much of the call discussing its efforts to leverage artificial intelligence technology.
Kate Gulliver, Wayfair's CFO and CAO, discusses her company's long-term prospects for increasing its share of the $500 billion home-goods market with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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OpenAI Gives Microsoft 27% Stake, Completes For-Profit Shift

Tue, 28 Oct 2025 22:27:22 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both companies and clearing the path for the ChatGPT maker to become a for-profit business.
Under the revised pact, Microsoft will get a stake in OpenAI worth about $135 billion, the companies said in a statement Tuesday. In addition, Microsoft will have access to the artificial intelligence startup’s technology until 2032, including models that achieved the benchmark of artificial general intelligence (AGI), a more powerful form of AI that most say does not exist yet.
Microsoft will also continue to be entitled to receive 20% of OpenAI’s revenue, according to people familiar with the matter, who spoke on condition of anonymity as the information is not public. But as part of the new pact, OpenAI can pay more later. In a blog post, the companies said a revenue share agreement remains in effect until an expert panel verifies AGI.
With the agreement, OpenAI said its corporate restructure is now complete. The company had spent much of this year working to form a more traditional for-profit company, which is considered more attractive to investors. Microsoft, which backed OpenAI with some $13.75 billion, was the biggest holdout among the ChatGPT maker’s investors, Bloomberg News has reported.

Today's show features:

Bloomberg Intelligence Senior Technology Analyst Anurag and on Microsoft taking a 27% stake in OpenAI
Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, on this week’s FOMC meeting and interest rate decision
Bloomberg News Climate Reporter Eric Roston on impact of Hurricane Melissa in the Caribbean and beyond, as well as his recent Big Take on the growing “disaster economy”
James Walker, Chief Executive Officer of NANO Nuclear Energy, on the launch of the firm’s KRONOS MMR drilling program at the University of Illinois at Urbana-Champaign (with Bloomberg News Energy Reporter Will Wade)

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Wikipedia's Quest for a Trustworthy Internet

Tue, 28 Oct 2025 12:00:00 +0000

Long before it became the biggest collection of knowledge in the history of the world, Wikipedia had to overcome its greatest challenge: getting strangers on the Internet to trust each other. They had to trust that others would not be abusive or uncivil, that others would not unfairly change or erase their contributions, and that people had good intentions.

Jimmy Wales, the internet entrepreneur who founded Wikipedia, details the global experiment in sharing knowledge and expertise online that has become part of the fabric of our modern, connected life. It's all laid out in his new book, "The Seven Rules of Trust: A Blueprint for Building Things That Last." Jimmy speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Amazon Plans to Cut Corporate Jobs Across Core Departments

Mon, 27 Oct 2025 21:40:16 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Amazon.com Inc. plans to cut corporate jobs in several key departments, including logistics, payments, video games and the cloud-computing unit, according to people familiar with the matter.

The terminations, expected as soon as Tuesday, could affect as many as 30,000 jobs, Reuters reported on Monday, citing sources.

Cuts on that scale would be the largest since rolling reductions in late 2022 and early 2023 that ultimately totaled more than 27,000 corporate employees, as Chief Executive Officer Andy Jassy looked to cut costs after expanding rapidly during the pandemic. Since then, there has been a steady drip of more modest layoffs targeting individual teams. An Amazon spokesperson declined to comment.

Jassy in June signaled that Amazon’s workforce would likely get smaller as the company increases its use of artificial intelligence to complete tasks normally handled by people. The comment touched off panic among workers, who trawled anonymous online chat rooms for insights about potential job cuts that often leak piecemeal, making it difficult to assess their full size and scope.

Today's show features:
Bloomberg News Big Tech Team Leader Sarah Frier on Amazon's expected layoffs and Qualcomm’s new semiconductors aimed at competing with Nvidia
Jan van Eck, Chief Executive Officer of VanEck Funds, on the market outlook heading into mega-cap tech earnings
Sarah Hunt, Chief Market Strategist, Alpine Saxon Woods, on the Monday trade and market outlook
Bloomberg News Boston Bureau Chief Brooke Sutherland and Bloomberg News Senior Economic Writer Shawn Donnan on their Businessweek feature: AI Data Center Boom Threatens Trump’s Manufacturing Revival

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Montage International Eyes Bigger Slice of Luxury Travel Market

Mon, 27 Oct 2025 12:30:00 +0000

Montage International is a collection of luxury vacation properties consisting of 15 hotels and resorts with another 14 more currently in development. As an asset manager and operator, Montage's strategy includes long-term partnerships with owners, real estate partners, developers, investors and associates. Montage Hotels and Resorts is the only Forbes five star rated hotel brand.

Alan Fuerstman, the company's Founder, Chairman and CEO, discusses the state of the high-end leisure and travel market and how White House policies impact the company's access to workers in key markets. Alan speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - October 24th, 2025

Fri, 24 Oct 2025 23:00:00 +0000

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Ontario to Pause Anti-Tariff Ad Campaign After Trump’s Ire

Fri, 24 Oct 2025 21:26:24 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Ontario government plans to stop running the anti-tariff advertisement that irked President Donald Trump after airing it during broadcasts of baseball’s World Series. The government-funded ad, which featured excerpts of late US President Ronald Reagan criticizing tariffs, will stop appearing after Friday and Saturday’s games, following Trump’s criticism of it, Ontario Premier Doug Ford said in a post on the social media network X.

“Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses,” Ford wrote. “We’ve achieved our goal, having reached US audiences at the highest levels.”

Ford said that, following a conversation with Prime Minister Mark Carney, he’d pause the ad starting Monday “so that trade talks can resume.” The White House didn’t immediately respond to a request for comment.
Trump posted angrily about the television commercial, which played in some Republican-held regions of the US, saying Reagan’s comments were fraudulently used and that he would halt trade talks because of it.

Today's show features:

Bloomberg News Ottawa Bureau Chief Laura Dhillon Kane on rising trade tensions between the United States and Canada
Katy Kaminski, Chief Research Strategist and Portfolio Manager with AlphaSimplex Group and Drew Matus, Chief Market Strategist at MetLife Investment Management, with Bloomberg Television and Radio International Economics & Policy Correspondent Mike McKee on Friday’s inflation report amid the ongoing government shutdown
Amy Rubenstein, CEO of Clear Investment Group, on the distressed real estate market

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Genomics Creative Predictive Power in the Medical Field

Fri, 24 Oct 2025 12:00:00 +0000

The Division of Genetics and Genomics at Boston Children’s Hospital provides comprehensive clinical care including diagnostics, genetic counseling, and individualized management in concert with other specialties for people of all ages. As one of the largest pediatric genetics practices in the country, this key division of BCH has experience with both common conditions and very rare conditions affecting just a few hundred children in the world.

Dr. Wendy Chung, Chief of Pediatrics at Boston Children's Hospital as well as Harvard Medical School's Mary Ellen Avery Professor of Pediatrics, explains how her team finds answers for some of the most complex and hard-to-diagnose genetic conditions, sometimes applying new technologies through our research labs when existing genetic tests are negative or inconclusive. Dr. Chung speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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FBI Arrests NBA Players, Coaches in Sports Gambling Probes

Fri, 24 Oct 2025 00:54:54 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Basketball player Terry Rozier told a friend in 2023 that he planned to take himself out of a game early with a minor injury. The friend, Deniro Laster, used the tip to place more than $200,000 in bets predicting Rozier would fall short of his usual point total.

By the next morning, prosecutors say, the two men were counting their winnings together in Rozier’s home. The Charlotte Hornets guard at the time played just nine minutes against the New Orleans Pelicans and checked out.That incident, described in a federal indictment unsealed on Thursday in Brooklyn, now sits at the center of one of the most sweeping sports gambling cases ever brought by the US Justice Department — one that stretches from locker rooms to underground poker clubs controlled by New York’s biggest mafia families.

Rozier, now with the Miami Heat, and Portland Trail Blazers head coach Chauncey Billups were arrested Thursday morning and charged as part of two separate criminal schemes related to illegal sports betting, federal prosecutors said.

Soon after the arrests, Rozier and Billups were placed on immediate leave from their teams.FBI Director Kash Patel and Brooklyn federal prosecutors said at least 30 people were arrested across 11 states, including current and former National Basketball Association players and coaches.

Today's show features:

Bloomberg News Senior Reporter Myles Miller and Global Business of Sports Reporter Ira Boudwayon the FBI’s sprawling sports gambling probe involving current and former NBA players and coaches
Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on whether the equities market can sustain recent gains
Bloomberg Businessweek Senior Reporter Max Chafkin on Elon Musk continuing his $1 trillion pay package push
Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, breaks down Intel’s latest earnings report

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Staying Bullish on Commercial Real Estate

Thu, 23 Oct 2025 12:00:00 +0000

Northwind Group is a real estate private equity firm in Manhattan that has transacted on over $5.6 billion of debt and equity investments in residential, commercial, senior living & healthcare properties. The company says it invests on its own balance sheet through discretionary closed-ended managed funds, focused on generating strong risk-adjusted returns while maintaining rigorous investment criteria.
Ran Eliasaf founded Northwind Group in 2008 and oversees all company investment activities as the company's Managing Director. He examines how the ongoing government shutdown is impacting movement in commercial real estate and explains why he believes 2025 will be a record year for private lenders with Carol Massar and David Gura on Bloomberg Businessweek Daily.

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Tesla Earnings Miss Despite Record Third-Quarter Sales Surge

Wed, 22 Oct 2025 21:59:35 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Tesla Inc.’s third-quarter profit fell short of Wall Street’s expectations despite record electric-vehicle sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs.
Adjusted earnings were 50 cents per share in the period, the company said Wednesday in a statement. Analysts had expected 54 cents on average in estimates compiled by Bloomberg. Revenue was $28.1 billion, outpacing expectations.
The company reiterated language from the previous quarter that it’s “difficult to measure” how shifting global trade and fiscal policies would impact its businesses and operations. Tesla sees results hinging on the broader economic environment as well as its speed in accelerating autonomy efforts and ramping up production for key products.
Tesla warned it still faces “near-term uncertainty from shifting trade, tariff and fiscal policy,” but it’s investing in future business lines, including robotics. Analysts surveyed by Bloomberg expect Tesla to report a second year in a row of declining vehicle deliveries.
Today's show features:

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, and Bloomberg Tech Co-Host Ed Ludlow on Tesla’s earnings and outlook
Tye Brady, Chief Technologist, Robotics at Amazon on the company’s “Delivering the Future” event and the evolution of AI with Amazon warehouses
Mayor Tim Kelly (I – Chattanooga, TN) and Janet Rehberg, EPB's President and CEO-Elect, on Chattanooga's quantum economy

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Faribault Mill's Commitment to American Manufacturing

Wed, 22 Oct 2025 12:00:00 +0000

Founded in 1865, Faribault Mill produces handcrafted blankets, decorative throws, apparel, and accessories. From providing woolen blankets for pioneers heading west and comforting US troops through two world wars, to contemporary products, the company's products are all made in the United States.
Ross Widmoyer, the company's president and CEO, discusses his firm's rich history and the value proposition of a product line that's free from tariffs and other geopolitical impediments. Ross speaks with Carol Massar and Isabelle Lee on Bloomberg Businessweek Daily.

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Netflix Says Tax Dispute Hurt Solid Quarter

Tue, 21 Oct 2025 22:13:02 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Netflix Inc. said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates.
The world’s most valuable entertainment company posted quarterly operating income of $3.24 billion, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimates. The company’s outlook for the current quarter is largely in line with Wall Street projections.
Netflix had to pay about $619 million to settle a multiyear tax dispute with Brazilian authorities going back to 2022. The company had identified the potential risk in previous filings – but not in its earnings guidance — and said it would have beaten forecasts if not for the expense. Future payments will be smaller.
“We don’t expect this matter to have a material impact on future results,” the company said.
Today's show features:

Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan breaks down quarterly earnings from Netflix
Dr. Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies, on the global market for rare Earth minerals
Bloomberg New Economy Editorial Director Erik Schatzker on the reasons behind the $20 billion currency swap deal between the US and Argentina
Andrew Krei, Co-CIO of Crescent Grove Advisors on the market outlook and the steep drop in gold and silver prices

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Adobe Launches Adobe Foundry Services in Next Big AI Move

Tue, 21 Oct 2025 12:00:00 +0000

Hannah Elsakr, VP & Head of GenAI Ventures at Adobe joins to discuss the establishment of Adobe Foundry Services, which enables businesses to work directly with Adobe and create tailored generative AI models and videos.

Hosted by Carol Massar and Tim Stenovec

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AWS Outage Recovery Drags On, Apple Hits First Record of 2025

Mon, 20 Oct 2025 21:39:08 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Amazon Web Services, the world’s largest cloud provider, said issues continued to plague its operations after a widespread outage degraded services for a range of customers including government agencies, AI companies and financial platforms.
Hours after saying Monday that it had mostly recovered from the database network issue, AWS said some users were still struggling to connect with rented servers. In an update on its health dashboard, the company said multiple AWS services in the East Coast region had experienced network connectivity issues.“We continue to observe recovery across all AWS services,” the company said at 3:15 p.m. on Monday.
Amazon.com Inc.’s service underpins a large chunk of the internet, accounting for about a third of the cloud market. Downdetector tracked disruptions at hundreds of sites, including for financial services outfits Venmo and Robinhood Markets Inc., Apple Inc.’s Apple Music and Apple TV, software companies such as Zoom Communications Inc., Salesforce Inc. and Snowflake Inc., food services giants including McDonald’s Corp. and gaming companies like Epic Games Inc. Even Amazon’s own services, including Alexa and the Ring home security system, weren’t immune.
Today's show features:

Bloomberg Big Tech team leader Sarah Frier on the AWS service disruption
Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple hitting its first record day of the year
Bloomberg Businessweek national correspondent Josh Green on his Businessweek profile of California Governor Gavin Newsom
Herman Chan, Bloomberg Intelligence senior analyst & David George, senior research analyst at Baird on Zions earnings and regional banks
Gary Evans, Chairman and CEO of United States Antimony Corp

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The Future of Tech Governance Around the Global

Mon, 20 Oct 2025 12:00:00 +0000

The global battle among the three dominant digital powers―the United States, China, and the European Union―is intensifying. All three regimes are racing to regulate tech companies, with each advancing a competing vision for the digital economy while attempting to expand its sphere of influence in the digital world. Across the globe, people dependent on digital technologies have become increasingly alarmed that their rapid adoption and transformation have ushered in an exceedingly concentrated economy where a few powerful companies control vast economic wealth and political power, undermine data privacy, and widen the gap between economic winners and losers.

Anu Bradford, Henry L. Moses Professor of Law and International Organization at Columbia Law School, explores a rivalry that will shape the world in the decades to come and breaks down her highly acclaimed book, "Digital Empires: The Global Battle to Regulate Technology." Professor Bradford speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily.

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Introducing: The Mishal Husain Show

Sun, 19 Oct 2025 12:00:00 +0000

Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them.

Follow the podcast wherever you listen, so you don't miss an episode.
swap.fm/l/P1iueaQy5gndhEheLwN3

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Bloomberg Businessweek Weekend - October 17th, 2025

Fri, 17 Oct 2025 23:00:00 +0000

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Stocks Climb as Trump Soothes Wall Street Nerves

Fri, 17 Oct 2025 22:43:42 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

A jittery week on Wall Street ended on a positive note for stocks as President Donald Trump’s remarks soothed anxiety around trade tensions while regional banks rebounded. Bonds, gold and silver fell.

The bounce in equities sent the S&P 500 to its best week since August, with Trump expressing optimism that talks with Chinese officials could yield an agreement to defuse the tariff spat between the world’s two biggest economies. A batch of solid results from various regional lenders lifted the industry after a rout triggered by concern over credit quality in the economy.

The White House signaled efforts to calm fears of a full-blown trade war that could have a seismic effect on the global economy. “I think we’re doing very well. I think we’re getting along with China,” Trump said. He also indicated that he believed his planned meeting with President Xi Jinping this month would go ahead.

The S&P 500 added 0.5%. A closely watched exchange-traded fund tracking regional banks climbed 1.6%. Zions Bancorp and Western Alliance Bancorp - which had led the recent industry selloff - rallied at least 3.1%. Oracle Corp. sank about 7% on concerns about fulfilling AI cloud demand.

Treasury two-year yields rose from the lowest since 2022. The dollar was little changed at the end of its worst week since August.

Today's show features:
Winnie Cisar, Global Head of Strategy at CreditSights, on potential cracks in the US credit market
Katie Hubbard, Executive Vice President of Capital Markets at Walton Global, on the US real estate market
Dana Telsey, Founder, CEO and Chief Research Officer of Telsey Advisory Group, on the health of the American consumer and the retail sector
Angela Stent, Senior Fellow at the American Enterprise Institute and Author of “Putin's World,” on President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy and planned summit with Russian President Vladimir Putin

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MIT's Microscopic Health-Tech Tools in Action

Fri, 17 Oct 2025 12:00:00 +0000

Professor Deblina Sarkar leads a research group at the MIT Media Lab developing microscopic technologies that work inside the human body. Her team creates ultra-small sensors and antennas, with some able to operate inside cells, to help detect disease early and enable low-power, smart health devices. This work blends biology, electronics, and AI, and has powerful implications for women’s health, where conditions are often underdiagnosed. Professor Sarkar explains how these nascent technologies are enabling earlier detection and more personalized care with Carol Massar and David Gura on Bloomberg Businessweek Daily.

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Trump Says He’ll Meet Putin Again to Discuss War in Ukraine

Thu, 16 Oct 2025 22:41:46 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump said he would hold a second meeting with Russian President Vladimir Putin at a yet-to-be determined date aimed at ending the war in Ukraine.
Trump and Putin agreed to meet in Budapest during a two-hour phone call on Thursday. The two leaders met in Alaska in August, but failed to reach a breakthrough.

“I believe great progress was made with today’s telephone conversation,” Trump posted on social media, saying that he and Putin would “see if we can bring this ‘inglorious’ War, between Russia and Ukraine, to an end.”
Kremlin foreign policy aide Yuri Ushakov confirmed that Putin and Trump discussed holding a summit meeting in Budapest. He told reporters in an audio message that the discussion was substantive and frank, and that Trump proposed holding the meeting in Budapest.

“We are ready!” Hungarian Prime Minister Viktor Orban posted on X in response, later saying he spoke to Trump by phone to prepare for the gathering.

The US and Russia will hold high-level staff talks next week before the leaders summit, with Washington’s delegation led by Secretary of State Marco Rubio. A location has not yet been decided, Trump said. Russian Foreign Minister Sergei Lavrov and Rubio plan to hold a call in the coming days, Ushakov said. The leaders discussed what US-Russia trade would be possible if the war ends, according to Trump.

The developments signal that Trump is willing to give diplomacy another chance before authorizing more aggressive steps against Moscow, even though his efforts thus far haven’t succeeded. The conversation took place a day before Trump’s White House meeting with Ukrainian President Volodymyr Zelenskiy, who has pressed the US president to sell his country long-range Tomahawk missiles that can strike deeper into Russian territory.

Today's show features:

Bloomberg News White House & National Security Editor Michelle Jamrisko on Thursday’s call between US President Donald Trump and Russia’s Vladimir Putin ahead of Ukrainian leader Volodymyr Zelenskiy’s White House visit on Friday
Lauren Goodwin, Chief Market Strategist at New York Life Investments, on gold’s latest rally and investing trends amid the US government shutdown
Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman and Big Tech Team Leader Sarah Frier on the latest salvo in the AI talent war between Apple and Meta Platforms
Bloomberg News Florida Correspondent Anna Kaiser on a pricey members club in Miami’s most exclusive office tower, which is also home to the likes of Citadel and Microsoft

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America’s Largest Black-Owned Bank

Thu, 16 Oct 2025 12:00:00 +0000

Teri Williams is President and Chief Operating Officer of OneUnited Bank. She is responsible for implementation of the Bank’s strategic initiatives, as well as the day-to-day operations. Under her leadership, OneUnited Bank has consolidated four (4) banks and launched a digital platform to create a powerful national brand supported by innovative technology, products and services. Under her leadership, the bank introduced new first of its kind AI driven conversational financial wellness app powered by Google to give personalized insights to help you make better financial decisions. WiseOne offered to ALL because 80% of people still use their first bank accounts. Their bottom line is to make Americans more financially literate.

Teri speaks with hosts Carol Massar and David Gura.

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Judge Blocks Federal Firings During Government Shutdown for Now

Wed, 15 Oct 2025 22:25:44 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

A US judge has ordered the Trump administration to pause plans to fire thousands of federal workers during the government shutdown while labor unions challenge the move.The ruling on Wednesday from US District Judge Susan Illston in San Francisco follows layoff notices that have gone out to more than 4,100 federal employees since last week.

The order isn’t a final decision on the merits of the case. It means that more than two dozen federal agencies named in the case cannot send out new layoff notices if they involve programs that include labor union members that sued. The decision means the government must halt action on notices that already went out while the judge weighs whether to impose a longer-term block.

Today's show features:

Laura Davison, Bloomberg Washington Deputy Bureau Chief, on Judge Blocks Federal Firings During Government Shutdown for Now
Dan Letter, President and incoming CEO of Prologis, on earnings and the industrial real estate market
Mizuho Senior Consumer Analyst David Bellinger on Walmart on Path to Trillion Dollar Status After OpenAI Alliance
Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee and Bloomberg News Economics Editor Molly Smith on Beige Book and latest Eco Data

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Why Women's Wealth Is Poised to Surge

Wed, 15 Oct 2025 12:30:00 +0000

Women currently control about one-third of the world's wealth and that figure is expected to rise to 50% by the end of the decade, according to research data from BlackRock. Women are also playing an increasingly large role in driving and engaging with the capital markets, and these statistics could indicate a coming structural shift for the financial services industry.

Jaime Magyera, the Head of BlackRock’s US Wealth Advisory business and Head of BlackRock’s Retirement business, discusses investing trends among high net-worth clients and why women will soon be the nation's key market drivers. Jaime speaks with Carol Massar and Isabelle Lee on Bloomberg Businessweek Daily.

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Dimon’s ‘Cockroach’ Fear Revives Threat of Growing Credit Cracks

Tue, 14 Oct 2025 21:33:20 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

Investors spooked by the implosion of auto lender Tricolor Holdings and car-parts supplier First Brands Group got little reassurance Tuesday from the head of the biggest US bank.
“My antenna goes up when things like that happen,” Jamie Dimon, JPMorgan Chase & Co.’s chief executive officer, said on a call with analysts. “I probably shouldn’t say this, but when you see one cockroach, there are probably more. Everyone should be forewarned on this one.”

The pair of bankruptcies were a shock for the credit markets, where companies have been borrowing at a record pace while handing investors outsized returns. And Dimon, fresh off posting results that put his bank on track for another record year, said there could be more pain than usual when the economy takes a turn for the worse. In drawing attention to investors’ growing disillusionment with public vehicles that hold private-debt investments, Dimon touched on a niche corner of the market where investors are on the lookout for signs of widening cracks in debt markets.

Investors have been fleeing BDCs, seen as a proxy for the $1.7 trillion private-credit market, as they cut distributions available to shareholders. That has opened a widening gap between the broader equity market and private-credit BDC stocks. Last month, the $75 billion non-traded Blackstone Private Credit Fund, the largest in the industry, said it was reducing its shareholder payouts.

Today's show features:

Bloomberg News Chief Wall Street Correspondent Sridhar Natarajan and Bloomberg Intelligence Senior Analyst for Global Investment Banks & Asset Managers Alison Williams on quarterly bank earnings from JPMorgan, Goldman Sachs, Citigroup and Wells Fargo
Bloomberg News US Semiconductor Reporter Ian King on Oracle’s deal to deploy a large batch of AMD’s forthcoming MI450 chips next year
Cathy Seifert, Vice President of CFRA Research, on BlackRock’s quarterly earnings and outlook
Bloomberg News Global Economy Reporter Enda Curran US China on global trade shifts brought on by tariffs

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Lumen Overhauls Debt Load With Eye on Growth

Tue, 14 Oct 2025 12:30:00 +0000

Lumen Technologies last month announced the successful completion of a repricing transaction of Level 3 Financing, Inc.’s (“Level 3”) $2.4 billion credit facilities at Term SOFR + 3.25%. The new pricing represents a reduction of 100 basis points, resulting in $24 million in annual interest expense savings. Additionally, in connection with the refinancing transaction certain other modifications were made to the covenants in the Credit Agreement to provide additional flexibility to Level 3.
Chris Stansbury, Lumen's CFO, discusses the company's debt restructuring and path toward for growth, the sale of its residential-fiber unit to AT&T, and the current state of the telecom space. Chris speaks with Tim Stenovec, Emily Graffeo and Nina Trentmann on Bloomberg Businessweek Daily.

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Trump Urges World Leaders to Seize Momentum for Gaza Peace

Mon, 13 Oct 2025 21:05:02 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump pressed world leaders gathered at a summit on Gaza’s future to ensure the US-led truce between Israel and Hamas turns into a lasting peace, hailing the agreement as a “new beginning” for the war-torn region.

“Today, for the first time anyone can remember, we have a once-in-a-lifetime chance to put the old feuds and bitter hatreds behind us,” Trump said in the Egyptian resort town of Sharm El-Sheikh.” “Together we’re going to forge a magnificent, great and enduring peace.”
Trump’s whirlwind trip, which also included a stop in Israel, heightened optimism for ending the two-year-long war between Israel and Hamas.

“Together, we’ve achieved what everybody said was impossible. At long last we have peace in the Middle East,” Trump said. “Now the rebuilding begins.”

Yet the nascent ceasefire remains fragile, with many key details left to be worked out. Trump said food and aid has begun to flow into Gaza, which has been devastated by the conflict. “Numerous countries of great wealth” have pledged reconstruction funds, Trump added, though he did not name them.

Today's show features:

Mona Yacoubian, Director and Senior Adviser, Middle East Program at the Center for Strategic and International Studies, on President Donald Trump’s Middle East visit and the fragile Gaza ceasefire
Daniel Florness, CEO of Fastenal on earnings and the state of US manufacturing
Harmit Singh, Chief Financial and Growth Officer and Levi Strauss & Co, on the retailer’s latest quarterly earnings and the impact of tariffs

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Billionaire Caruso Looks to Spur California's Comeback From Wildfires

Mon, 13 Oct 2025 12:00:00 +0000

Rick Caruso has amassed a $5.8 billion fortune building open-air malls known for their relentlessly cheerful, Disneyfied aesthetic, with dancing fountains and sightseeing trolleys. He moonlighted in local California politics, emerging as a civic fixer for a series of mayors who turned to him when they had a difficult or distasteful task they needed done. Caruso vied for office himself in 2022, spending $107 million of his personal fortune on a run for LA mayor, casting himself as a centrist Democrat who had a businessman’s knack for problem-solving. He lost soundly and seemed to recede from view, a mogul without a public cause to champion.

The wildfires that ripped through parts Southern California in January have since thrust Caruso back into the spotlight, with the business mogul blaming the area's response to the fires on local leaders, including Los Angeles Mayor Karen Bass, the progressive who beat him in the 2022 election.

Caruso discusses his state's path to economic recovery as well as whether he plans to once again seek political office with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily, which was broadcasting live from Bloomberg Screentime in LA.

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Bloomberg Businessweek Weekend - October 11th, 2025

Sat, 11 Oct 2025 04:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi

Fri, 10 Oct 2025 23:41:58 +0000

Watch Bloomberg Businessweek LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump threatened a “massive increase” of tariffs on goods from China and to cancel an upcoming meeting with the country’s leader, Xi Jinping, citing recent “hostile” export controls Beijing placed on rare-earth minerals.

“I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump posted Friday on social media.

The president added that one form of retaliation the US is considering “is a massive increase of Tariffs on Chinese products coming into the United States of America,” adding that “there are many other countermeasures that are, likewise, under serious consideration.”

Markets recoiled at the president’s comments, which portended fresh trade tensions between the world’s two largest economies. The S&P 500 and the Nasdaq 100 both plummeted, with the latter seeing its biggest drop since April 30. Chicago soybean futures also fell, hitting session lows after the post.

Today's show features:

Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on President Donald Trump’s reversal on a planned meeting with China’s Xi Jinping
Jayati Bharadwaj, Director of FX Strategy at TD Securities, on the global currency market
Dana Stroul, Senior Fellow and Director of Research at the Washington Institute for Near East Policy on the Israel-Hamas ceasefire deal and President Donald Trump’s planned visit to the Middle East next week
Bloomberg Intelligence Global Equity Strategist Gillian Wolff on Friday's market selloff

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The Search for Digital Wellness in the Screentime Era

Fri, 10 Oct 2025 12:00:00 +0000

The Digital Wellness Lab at Boston Children’s Hospital conducts rigorous, multi-method research to understand how interactive media impacts the mental, social, and emotional health of children and teens. When it comes to the tech and media industry, the Lab aims to embed what it's learning into the decisions leaders are making every day about product, policy, and user supports to ensure young people’s social, emotional, and mental wellbeing and overall health are at the forefront.

Dr. Keneisha Sinclair-McBride, Associate Chief of Integrated Behavioral Health at Boston Children's Hospital and Assistant Professor of Psychology at Harvard Medical School, discusses the impact of social media on adolescent minds with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump, Billionaire Isaacman Said to Meet About Top NASA Job

Fri, 10 Oct 2025 02:17:26 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Jared Isaacman and President Donald Trump have met in recent weeks and discussed reviving the fintech billionaire’s nomination to lead NASA, according to a person familiar with the matter.
A decision to reconsider the Elon Musk ally would mark a major reversal for Trump after the White House revoked the job offer in May citing Isaacman’s ties to Democratic politicians. That left NASA without a long-term leader as the space agency grapples with funding and job cuts and races to bring astronauts back to the moon.

Trump has met with Isaacman, a SpaceX astronaut and executive chairman of Shift4 Payments Inc. in person more than once in recent weeks to discuss his vision for leading the space agency, the person said, speaking on condition of anonymity because the matter is confidential.
The person cautioned that Trump hasn’t made a final decision and could go in a different direction. The role of NASA administrator also requires confirmation by the US Senate.
Today's show features:

Bloomberg Tech Co-Host Ed Ludlow on reports that Jared Isaacman and President Donald Trump have met to discuss reviving Isaacman's nomination to lead NASA
Samira Bakhtiar, General Manager of Media & Entertainment, Games & Sports Industry at AWS, on the impact of AI in Entertainment
Laura Martin, Senior Entertainment & Internet Analyst, Needham & Co., on the prospects for consolidation in the media and entertainment business
Edward Hamati, Chief Investment Officer of The Steward Trust and President of Polarity, on investment trends in the media and entertainment business

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Using AI to Build Cyber Resilience

Thu, 09 Oct 2025 12:00:00 +0000

Rubrik CEO Bipul Sinha believes that artificial intelligence is creating "one hundred times more opportunities," but with "one hundred times more risk" for cybersecurity clients. He joined Scarlet Fu and Norah Mulinda on 'Bloomberg Businessweek Daily' to discuss balancing AI innovation with data privacy.

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Government Shutdown Clouds Fed Outlook

Wed, 08 Oct 2025 23:24:48 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Several participants at the Federal Reserve’s September policy meeting said it was important to continue monitoring money-market conditions and evaluate how close bank reserves are to their “ample” level, as the central bank continues to unwind its massive portfolio of securities.

The remarks come as prolonged funding pressures in US money markets, just as bank reserves held at the Fed are dwindling, are suggesting the central bank may be getting closer to ending its balance sheet runoff.

A few participants noted that the Standing Repo Facility — the Fed’s liquidity backstop — would help keep the federal funds rate within its target range and ensure that temporary pressures in money markets wouldn’t disrupt the ongoing balance-sheet reduction, according to the minutes of the Sept. 16-17 gathering released Wednesday.

Today's show features:

Kay Herr, JPMorgan Asset Management US CIO of Global Fixed Income, Currency, and Commodities
Stephen Carroll, Host of Bloomberg Daybreak Europe, on Macron's next two days during which he needs to select a new prime minister
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research, on how AI became a trillion dollar market
Herman Chan, Bloomberg Intelligence Senior Analyst for US Regional Banks on the bank merger outlook

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AI for Online Cycling

Tue, 07 Oct 2025 22:17:11 +0000

Zwift is a massively multiplayer online cycling and running physical training program that enables users to interact, train, and compete in a virtual world.

Eric Min is co-founder and CEO of Zwift. He discusses using AI for the online cycling and running physical training program.

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Dell Hikes Estimates on Strong AI Demand

Tue, 07 Oct 2025 21:00:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Dell Technologies Inc. roughly doubled its growth estimates for sales and profit for the next two years, and said demand for artificial intelligence products will extend those higher projections at least through the 2030 fiscal year.
The company unveiled a “long-term financial framework” that calls for sales to rise at a rate of 7% to 9% annually for the next four years, while earnings per share, excluding some items, will increase 15% or more. The company in 2023 had estimated revenue growth of 3% to 4% and adjusted EPS of 8% or better. Dell is announcing the updated numbers, which apply through fiscal year 2030, at an investor event Tuesday in New York, Chief Operating Officer Jeff Clarke said in an interview ahead of the event.

Today's show features:

Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst
Erin Harkless Moore, Vice President and Managing Director, Investments, Pivotal Ventures
Eric Clark, Accuvest Global Advisors CIO
Brandon Scott, the Mayor of Baltimore

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Paramount Buys the Free Press, Names Bari Weiss CBS News Chief

Tue, 07 Oct 2025 12:00:00 +0000

Paramount Skydance Corp. acquired the online news site the Free Press and named founder Bari Weiss editor-in-chief of CBS News, a move likely to stir controversy inside and outside of the venerable news organization.

Weiss, 41, will report to Paramount Chief Executive Officer David Ellison and oversee the editorial direction of a news division whose programs include the prestigious 60 Minutes and CBS News Sunday Morning. Financial terms of the deal weren’t disclosed, but other outlets have reported the acquisition values the Free Press at about $150 million.

“Bari is a proven champion of independent, principled journalism, and I am confident her entrepreneurial drive and editorial vision will invigorate CBS News,” Ellison said in a statement on Monday. “This move is part of Paramount’s bigger vision to modernize content and the way it connects – directly and passionately – to audiences around the world.”

To discuss how Weiss' selection could change CBS News, hosts Carol Massar and Tim Stenovec speak with Katie Fallow, Deputy Litigation Director for the Knight First Amendment Institute at Columbia University

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AMD Inks Chip Deal With OpenAI That Triggers Explosive Rally

Mon, 06 Oct 2025 22:31:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Advanced Micro Devices Inc. landed a blockbuster deal with OpenAI to build artificial intelligence infrastructure, giving the chipmaker a chance to show it can mount a challenge to Nvidia Corp. in the AI computing industry.

AMD shares soared 24% to $203.71 after the agreement was announced Monday, adding $63.4 billion to the company’s market valuation. It’s now worth $330.6 billion, more than Coca-Cola Co., General Electric Co. or Chevron Corp.

OpenAI will deploy 6 gigawatts’ worth of AMD graphics processing units over multiple years, according to the pact, which is just over half the size of an agreement the AI startup recently reached with Nvidia. It also sets the stage for OpenAI to acquire a large stake in the chipmaker.

The deal represents a high-stakes test for AMD — one that could deliver tens of billions of dollars in new revenue and burnish its status as a serious contender in AI technology. There are also risks: It further ties AMD’s prosperity to an AI market that some worry is in a bubble.

Today’s show features:
Bloomberg Tech Co-Host Ed Ludlow
Bloomberg Intelligence Global Head of Technology Research Mandeep Singh
Rick Welts, CEO of the Dallas Mavericks, and Bloomberg News Texas bureau Chief Julie Fine
Drive to the Close with Lesley Marks, CIO for Equities, Mackenzie Investments

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Highrise Luxury on the High Seas

Mon, 06 Oct 2025 12:00:00 +0000

A developer of residential towers in New York, Miami and Los Angeles has embarked on a new venture, with plans to spend more than $1 billion converting cruise ships into luxury condos on the seas.
Earlier this year, Russell Galbut, managing principal of developer Crescent Heights, struck a $230 million deal with Norwegian Cruise Line Holdings Ltd. for a long-term lease on his first ship. Galbut said he intends to upgrade the vessel, known as the Seven Seas Navigator, and sell berths to customers who’d want to live on the ship for extended periods of time.
Crescent Seas, the new entity created for the effort, will offer 210 units on the Navigator at prices ranging from $750,000 to $8 million. Galbut aims to have the ship ready for its initial voyage in late 2026, and details his unique business plan with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Targeting Pain (Sponsored Content)

Sun, 05 Oct 2025 12:00:00 +0000

Damian Sanchez, (Damian J to music fans) is a Miami-based jazz musician. A car accident landed him in the hospital with multiple fractures to his leg. Once there, he faced the difficult decision of whether or not to take the pain medication that was offered to him. With patients like Damian in mind, Dr. Paul Negulescu and the research team at Vertex are thinking differently about pain – they’re investigating potential non-opioid based treatment options that aim to target pain differently.
Produced by Bloomberg Media Studios and Vertex Pharmaceuticals.

Featured guests:
Damian Sanchez is a Miami based jazz musician. He is the founder of the Damian J Foundation.
Norm Buckley is the Scientific Director of the Michael G. DeGroote Institute for Pain Research and Care at McMaster University.
David Altshuler is the Executive Vice President, Global Research and Chief Scientific Officer at Vertex Pharmaceuticals.
Paul Negulescu is a renowned cystic fibrosis researcher and now the Senior Vice President leading the team researching pain at Vertex Pharmaceuticals.
Read more about Vertex's approach to targeting pain at VRTX.com

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Bloomberg Businessweek Weekend - October 3rd, 2025

Sat, 04 Oct 2025 03:55:00 +0000

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Hamas Agrees to Release Hostages But Sets Conditions for Peace

Fri, 03 Oct 2025 21:59:15 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Hamas agreed to release all Israeli hostages captured in its Oct. 7 attack but said the rest of President Donald Trump’s 20-point peace plan would be subject to negotiation.
The statement was a positive step that still raised questions about whether the promise would be sufficient to end the fighting. It also didn’t address Trump’s demand that the group disarm
In a statement, Hamas said it agreed “to release all Israeli prisoners — both living and deceased — in accordance with the exchange formula outlined in President Trump’s proposal, and contingent upon the necessary field conditions for carrying out the exchange.”
Hamas also said the hostages would need to be released “in a manner that ensures the cessation of the war and the full withdrawal from the Gaza Strip,” a caveat that raised questions in Israel about whether the group would go through with the plan. Hamas also said it was ready to transfer administration of the Gaza Strip to “a Palestinian body composed of independent technocrats.”
The group also said other parts of Trump’s 20-point plan “require a unified national stance and must be addressed based on relevant international laws and resolutions.”
Today's show features:

Bloomberg Intelligence Senior Defense Analyst Wayne Sanders on Hamas agreeing to release remaining Israeli hostages
Bloomberg TV & Radio International Economics & Policy Correspondent Mike McKee on his conversation with Federal Reserve Governor Stephen Miran
Karin Kimbrough, Chief Economist at LinkedIn, on the health of the US labor market
Dr. Iman Abuzeid, Co-Founder and CEO of Incredible Health, on building the largest career marketplace for permanent healthcare workers

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The Formula for Better Health: How to Save Millions of Lives

Fri, 03 Oct 2025 12:30:00 +0000

Drawing from decades leading New York City’s health department after 9/11, directing the CDC during the Ebola epidemic, and fighting tuberculosis and other lethal threats in India and around the world, Thomas Friedman wants you to protect your own health, safeguard your community, or solve seemingly impossible health challenges.

In his book, Thomas Frieden combines compelling stories with insider knowledge to show you how to win the battle for health. He also bridges the lethal gap between scientific knowledge and life-saving action. Dr. Frieden speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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The Trump Family is Now Banking with Citi

Thu, 02 Oct 2025 21:00:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

After years getting shunned by major banks, Donald Trump’s money has found another place to call home: Citigroup Inc.

The president’s son, Eric Trump, signed up as a client of the third-largest US lender and established a trust there that holds some of his father’s money, according to people with direct knowledge of the matter, who asked not to be named discussing the confidential arrangements.
The relationship started after Chief Executive Officer Jane Fraser reached out to congratulate President Trump on his election win in November. The new trust is a sensitive topic inside the bank, which weighed how to limit access to information beyond key staff — such as wealth management chief Andy Sieg, who led talks with Eric Trump, and Kent Lucken, a Citigroup banker handling the relationship, some of the people said.

The unwillingness of many banks to safeguard Donald Trump’s wealth has irritated the president, who publicly lashed out this year at JPMorgan Chase & Co. and Bank of America Corp., claiming they refused his money. Both firms have said they don’t deny business on ideological grounds.
Traditional financial institutions “did everything they could to try and cancel us,” Eric Trump said in a Bloomberg Television interview last month. The president told CNBC he “ended up going to small banks all over the place.” A Citigroup spokesperson declined to comment. There was no response to a request for comment from the Trump Organization, the family’s real estate business where Eric Trump is a top executive.

Today's show features:

Bloomberg News Banking Reporter Todd Gillespie on Trump’s Wealth, Once Spurned by Banks, Gets New Home at Citi
Scott Wisniewski, President of AST SpaceMobile, on the market for cellular broadband in space and competing with Starlink
Bloomberg News Managing Editor, Media & Entertainment, Lucas Shaw on the Bloomberg Businessweek cover story profiling Mr. Beast
Drive to the Close with Adrianne Yamaki, Founder and Managing Partner of Strategic Wealth Capital

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How Atlanta is Becoming an Economic Hub

Thu, 02 Oct 2025 12:00:00 +0000

Katie Kirkpatrick, President and CEO, at the Metro Atlanta Chamber, discusses how Atlanta is balancing its explosive growth and global event visibility with forward-thinking economic and real estate development

The Metro Atlanta Chamber (MAC) is a 165-year-old organization representing businesses, colleges and universities, and nonprofits across the 29-county region that makes up the nation’s sixth-largest market. Member companies invest in MAC’s work to attract and retain business, ensure a business-friendly climate through public policy efforts and market the region as a great place to live, work and play

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What a Government Shutdown Means

Wed, 01 Oct 2025 22:18:35 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown.
Vought told House lawmakers Wednesday that some federal agencies will move to terminate workers within one to two days, according to people familiar with the remarks, who requested anonymity to discuss a private meeting.
White House Press Secretary Karoline Leavitt told reporters that layoffs would happen within “two days, imminent, very soon” but declined to give any details about what agencies or positions would be targeted.
President Donald Trump and his team have moved quickly to capitalize on the shutdown to shrink the size of the federal government.
The administration earlier Wednesday halted $18 billion in federal funding for infrastructure projects in New York City, including for the Second Avenue Subway project and Hudson Tunnel Project.
Today's show features:

Bloomberg Intelligence Senior Policy Analyst Nathan Dean on the US Government Shutting Down
Her Excellency Noor bint Ali Alkhulaif, CEO of Bahrain Economic Development Board and Kingdom of Bahrain’s Minister of Sustainable Development
Angie Franks, CEO of Kalderos, and Bloomberg News Health Reporter Damian Garde on the Trump administration securing drug pricing deals with pharmaceutical companies
Drive to the Close with Alexis Browne Roberts, COO & Portfolio Manager at Alexis Investment Partners

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Why Women May Control the Next Generation of Finance

Wed, 01 Oct 2025 12:30:00 +0000

April Rudin, CEO of the Rudin Group, and Nick Rice, Director at Brunswick Group, have co-authored a new book called Wealth Management with a Difference, which is set for global release in late October. The book delves into a generational change taking place in the global wealth management industry, offering actionable insights and strategies for financial professionals to seize emerging opportunities.

As younger generations and women accumulate and inherit massive wealth and technological advancements reshape the industry, Wealth Management with a Difference gives firms and advisors information they need to adapt and thrive. It covers client relationships, business strategies, marketing, and technology, with expert commentary from over 80 leaders globally.

April and Nick detail their findings with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump Threatens ‘A Lot’ of Firings in Looming US Shutdown

Tue, 30 Sep 2025 21:00:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump threatened mass firings of federal workers as the US hurtles toward a shutdown with Democrats and Republicans at an impasse over funding the government.

“We may do a lot and that’s only because of the Democrats,” Trump said in response to a question about the number of government employees who could be dismissed during a shutdown. The White House last week directed agencies to draw up plans for widespread firings if the government closed down. So far, no agencies have explicitly called for terminations in their shutdown plans.

With just hours to go until a midnight deadline, the deadlock over spending threatens to paralyze many US government operations for the first time in nearly seven years, causing the suspension of services for Americans and paychecks for federal workers. As many as 750,000 federal workers could be temporarily furloughed, even if Trump doesn’t proceed with permanent dismissals, the nonpartisan Congressional Budget Office estimated.

Today's show features:

Bloomberg Businessweek Senior Reporter Max Chafkin and Bloomberg Intelligence Senior Policy Analyst Nathan Dean on Wednesday's government shutdown deadline and Russell Vought’s influence on the negotiations
Kevin Gordon, Senior Investment Strategist for Charles Schwab, on market concentration concerns
Dr. Jenny Rooke, Founder and Managing Director of Genoa Ventures, on the funding environment for biotech
Jan van Eck, CEO of VanEck, on the market for ETFs and mutual funds, and the boom in gold

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Udemy Banks on Artificial Intelligence to Power Online Learning

Tue, 30 Sep 2025 12:30:00 +0000

Udemy is in the midst of pivoting from the leading online learning platform to is an AI-powered skills acceleration platform built for individuals and organizations. The company says it has expanded its focus from learning to "reskilling," which includes assessment, role plays, and new learning experiences. The company runs what it calls a "two-sided" business: a marketplace for consumers as well as Udemy Business for enterprises, which is designed to help businesses become more competitive.

Hugo Sarrazin, the company's new CEO as of March 2025, breaks down the key trends and skills that are driving participation on the platform. Hugo speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump Says Netanyahu Agreed to 20-Point Plan to End Gaza War

Mon, 29 Sep 2025 21:45:37 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
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President Donald Trump and Israeli Prime Minister Benjamin Netanyahu said they had agreed to a 20-point plan designed to end the war in Gaza, though the prospects for peace remained unclear without the direct involvement of Hamas.

Trump said the framework had the support of other leaders from the Middle East and Muslim majority nations during a press conference Monday alongside Netanyahu, suggesting it could lay the ground for a broader peace in the region.

Still, the proposal — which mandates Hamas have no role in the future of Gaza — must be accepted by the militant group, which would need to agree to substantial concessions. Hamas, which sparked the war with an Oct. 7, 2023, attack on Israel said ahead of the Trump-Netanyahu meeting that it had not yet seen the plan and would need to study the proposal.
Trump warned that “if Hamas rejects the deal” then Netanyahu would “have our full backing” to destroy the militant group.

Today's show features:

Bloomberg News Jerusalem Reporter Dan Williams on Israeli Prime Minister Benjamin Netanyahu’s meeting with President Donald Trump
Josh Weinstein, CEO of Carnival Corporation, on quarterly earnings and the outlook
Joyce Huang, Senior Client Portfolio Manager for Fixed Income, American Century Investments, on the fixed income market
Bloomberg News Managing Editor for the Deals Team Liana Baker on Electronic Arts agreeing to sell itself to Saudi Arabia's sovereign wealth fund and private equity firms in a deal that values the company at about $55 billion

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A $3,000 Bodysuit to Shock Your Way to a Better Body

Mon, 29 Sep 2025 12:30:00 +0000

The Katalyst Training System applies cutting-edge EMS (electrical muscle stimulation) technology to a lightweight, portable suit and pairs it with guided workouts from its mobile app. Throughout the workout, the Katalyst Suit delivers low-frequency impulses to each major muscle group. These impulses imitate the basic mechanisms your brain uses to activate muscles to help you train more efficiently, effectively, and safely. Katalyst is FDA cleared for home use in the US.

Brendan Kennedy, the CEO of Mont y Mer, which is the parent company of Katalyst, explains the business model that he believes will allow this technology to reach more people around the world. Brendan speaks with Carol Massar, Tim Stenovec and Bloomberg Pursuits Editor Chris Rovzar on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - September 26th, 2025

Fri, 26 Sep 2025 23:00:00 +0000

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US Consumer Spending Powers On Even as Inflation Persists

Fri, 26 Sep 2025 21:34:40 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US personal spending rose at a solid clip in August for a third month, suggesting consumers continued to power the economy despite elevated inflation.

Consumer spending, adjusted for changes in prices, increased 0.4% last month, according to Bureau of Economic Analysis data out Friday.

The consecutive strong gains in consumer spending add to evidence of a solid economy in the current quarter, building upon even greater growth in the prior period than previously thought. However, maintaining such momentum hinges in large part on the labor market, which has shown signs of faltering with slower hiring and more moderate wage gains.

Americans are also still dealing with sticky inflation, which risks staying elevated as President Donald Trump’s tariffs trickle through the economy. The so-called core personal consumption expenditures price index, which excludes food and energy items and is favored by the Federal Reserve, rose 0.2% from July. From the prior year, the gauge held stubbornly at 2.9%.
While many companies initially held off on raising prices as they worked through built-up inventories, profit margins are at risk unless firms pass along some of the higher costs.

Today's show features:

Elizabeth Renter, Senior Economist at NerdWallet, and Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee, on the August PCE report and the US labor market
Bloomberg News Justice Department Reporter Chris Strohm on Former FBI Director James Comey being charged with lying to Congress and obstruction
Bloomberg News Finance Reporter Max Abelson on revelations about the support network for Jeffrey Epstein
Carol Schleif, Chief Market Strategist at BMO Private Wealth, on stock market valuations

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Achieving Better Global Health Through Data Science

Fri, 26 Sep 2025 12:30:00 +0000

The Virtue Foundation is a nonprofit organization with Special Consultative Status to the United Nations. Its mission is to increase awareness, inspire action and render assistance through initiatives on healthcare, education, and women and justice programs, as well as innovative work in research and analytics. Composed primarily of volunteers, Virtue Foundation is guided by the principle that true global change must begin within each of us—one person at a time, one act at a time.

Dr. Joan LaRovere, the Co-Founder and President of Virtue Foundation as well as the Interim Chief Medical Officer at Boston Children’s Hospital, discusses the work being done by her NGO and how it is helping to create an efficient market for global health using data science and artificial intelligence to efficiently match need and resources in the low and low-middle income countries. Dr. LaRovere speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Europeans Privately Tell Russia They’re Ready to Shoot Down Jets

Thu, 25 Sep 2025 21:40:00 +0000

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European diplomats warned the Kremlin this week that NATO is ready to respond to further violations of its airspace with full force, including by shooting down Russian planes, according to officials familiar with the exchange.

At a tense meeting in Moscow, British, French and German envoys addressed their concerns about an incursion by three MiG-31 fighter jets over Estonia last week, according to the officials, who spoke on condition of anonymity as the talks took place behind closed doors. Following the conversation, they concluded that the violation had been a deliberate tactic ordered by Russian commanders.

Russian officials have denied their planes crossed into Estonian airspace and insisted that they are not trying to test NATO. They said that a separate incident when drones crossed into Poland was the result of an error. Kremlin spokesman Dmitry Peskov this week said Russian military flights are guided by international rules.

NATO’s eastern members have faced a series of violations this month that have posed an unprecedented test of the alliance’s resolve at a moment when Vladimir Putin is stepping up Russian attacks on Ukraine’s civilian infrastructure and US backing for Kyiv is wavering.
President Donald Trump this week urged Ukraine to win back all the territory captured by Russia “with the support of the European Union” and defined the US role as selling weapons that allies could ship to the battlefield.

Today's show features:

Bloomberg Economics Defense Lead Becca Wasser on NATO’s plans to respond to incursions from Russian aircraft
Cristiano Amon, CEO and President of Qualcomm, and Bloomberg Tech Co-Host Ed Ludlow, on the global semiconductor business and supply chain
Rob O’Hare, Chief Financial Officer of Affirm, and Bloomberg News Senior Editor Nina Trentmann, on the health of the US consumer and how US monetary policy affects business
Bloomberg Intelligence Global Equity Strategist Gillian Wolff, discussing the Thursday trade

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AU's B-School Turns to AI

Thu, 25 Sep 2025 12:00:00 +0000

Three years ago, before artificial intelligence became part of the national consciousness, American University's Kogod School of Business embarked on a program to change its curriculum and infuse AI throughout its undergraduate and graduate courses. More than 90% of the faculty are now infusing AI into their classes, while every student gets a Perplexity Enterprise account when they being their studies at Kogod.
David Marchick, the Dean of American's B-School, discusses the growing role of artificial intelligence in high education. Dean Marchick speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Intel Said to Seek Apple Investment as Part of Comeback Bid

Wed, 24 Sep 2025 21:57:57 +0000

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Intel Corp. has approached Apple Inc. about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government.

Apple and Intel also have discussed how to work more closely together, said the people, who asked to not be identified because the deliberations are private. The talks have been early-stage and may not lead to an agreement, the people said.

Such a deal would follow a $5 billion investment last week by Nvidia Corp., which plans to work with Intel on chips for personal computers and data centers. SoftBank Group Corp., the Japanese tech giant seeking to expand further in the US, announced a $2 billion investment in Intel last month.

Intel also has reached out to other companies about possible investments and partnerships, the people said.

Today's show features:

Bloomberg News Deals Reporter Ryan Gould
Chris Nicholas, President and CEO of Sam’s Club, on the impact of tariffs for the wholesaler and the health of the company’s supply chains
Lane Dilg, Former Head of Strategic Partnerships, Global Affairs, at OpenAI, on the company’s massive data center buildout and various partnerships
Lori Kerr, Chief Executive Officer of FinDev Canada, on the ripple effects of the USAID rollback on Canadian development

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World Leaders Seek Peace in Gaza During UN General Assembly

Tue, 23 Sep 2025 23:45:14 +0000

France recognized Palestine as an independent state and, along with Saudi Arabia at a United Nations conference led by the two countries, called on Israel to end the war in Gaza immediately.

“One solution exists to break the cycle of war and destruction: acknowledging each other,” French President Emmanuel Macron said on Monday. “We must recognize that Palestinians and Israelis are living in twin solitude.”

Saudi Foreign Minister Faisal bin Farhan, reading out a message from Crown Prince Mohammed bin Salman, who wasn’t in New York, echoed those comments.

For her insight into the conflict with the UN General Assembly in the backdrop, hosts Carol Massar and Tim Stenovec speak with Mona Yacoubian, Director and Senior Adviser, Middle East Program at the Center for Strategic and International Studies.

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Trump Says NATO Should Down Russian Jets Breaching Airspace at UN General Assembly

Tue, 23 Sep 2025 23:38:42 +0000

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President Donald Trump said NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone on Ukraine’s chances of winning the war.

He spoke as he met with Ukrainian President Volodymyr Zelenskiy following recent jet incursions that have alarmed allies.“Yes, I do,” Trump said when asked directly by a reporter if NATO allies should take down Russian aircraft during his meeting on the sidelines of the United Nations General Assembly in New York on Tuesday.

In a subsequent social media post, Trump said he believed that Ukraine, with the support of the European Union, was positioned not only to fight back but to reclaim all the territory taken by Russia since its invasion in 2022 — and perhaps more.

“Putin and Russia are in BIG Economic trouble, and this is the time for Ukraine to act. In any event, I wish both Countries well. We will continue to supply weapons to NATO for NATO to do what they want with them. Good luck to all!” Trump said.
Today's show features:

Michelle Jamrisko, Bloomberg White House and National Security Editor
Josh Wingrove, Bloomberg Senior White House reporter
Jennifer Ewbank, Founder of Andaman Strategic Advisors
Bloomberg News Health Reporter Jessica Nix & Dr. Todd Ivey, and Associate Professor at Baylor College of Medicine & a fellow in the American College of Obstetricians and Gynecologists

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EQT Says High Power Bills to Drive Energy Development

Tue, 23 Sep 2025 12:00:00 +0000

Anger over rising energy costs will eventually force states to allow more natural gas infrastructure to be built in the US, according to one of the nation’s largest producers of the fuel.
“We’ve never produced more energy than we’re producing now, but Americans’ energy bills are up over 35%,” EQT Corp. Chief Executive Officer Toby Rice said Thursday at BloombergNEF’s Barrel of Tomorrow in the Age of AI summit in Houston. “That’s the catalyst that’s going to get people asking questions.”
Rice and other panelists including Chris James, founder and chief investment officer of investment firm Engine No. 1 LP, and Cynthia Hansen, head of gas transmission and midstream at Enbridge Inc., see developing more infrastructure, particularly natural gas, as the way to bring down utility bills as well as meet demand from data centers supporting artificial intelligence. Rice, the head of the $31 billion natural gas supplier, discusses the opportunities and challenges within his industry with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Disney Says ‘Jimmy Kimmel Live!’ to Return After Backlash

Mon, 22 Sep 2025 21:46:08 +0000

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Walt Disney Co. said Jimmy Kimmel Live! will return to the air on Tuesday, ending a suspension imposed following controversial remarks the ABC late-night host made about the assassination of Republican activist Charlie Kirk.
“We have spent the last days having thoughtful conversations with Jimmy, and after those conversations, we reached the decision to return the show on Tuesday,” Disney said in a statement.
Kimmel will address the controversy when he returns to the stage, according to people with knowledge of the matter who asked not to be identified. He personally negotiated his return with Disney Chief Executive Officer Bob Iger and Dana Walden, who oversees ABC as co-chair of entertainment at the company.
The network pulled the show on Sept. 17, two days after Kimmel, 57, said conservatives were trying to score political points from the killing.
Today's show features:

Bloomberg News Senior Editor Chris Palmeri
Bloomberg News Technology Reporter Alexanda Levine on the latest developments as the US pursues a deal for TikTok
Barbara Humpton, CEO of Siemens USA, on leveraging AI on factory floors, in power grids, and across critical infrastructure
Paisley Nardini, Managing Director and Head of Multi-Asset Solutions at Simplify Asset Management, on the markets and investment strategies

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Octopus Energy Plans to Spin Off Technology Arm Kraken

Mon, 22 Sep 2025 12:00:00 +0000

Octopus Energy Group Ltd. plans to spin off Kraken Technologies Ltd., a software platform that helps utilities manage the transition to cleaner energy. Kraken has been key to Octopus Energy’s growth into the UK’s largest electricity supplier, leapfrogging industry incumbents to serve more than 7 million customers in the country. The software allows it to balance out power flows to households as energy-transition technologies like electric vehicles, home batteries, solar panels and heat pumps become more widespread.

Amir Orad, the CEO of Kraken, discusses the particulars of the spinoff and why he feels it's important for nations to have a diverse mix of energy sources and providers. Amir speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Introducing IVF Disrupted: The Kindbody Story

Sun, 21 Sep 2025 12:00:00 +0000

Kindbody was once one of the fastest-growing fertility chains in the US. The venture-backed company cultivated a modern and millennial-friendly aesthetic that helped it attract more than $300 million in investments, including backing from celebrity investors like Gwyneth Paltrow and Chelsea Clinton. But Kindbody has been riddled with clinical problems, with embryos being mislabeled, lost or accidentally destroyed, and has spiraled into crisis. As more people seek fertility treatment than ever, the startup's story illustrates the dangers of moving fast in a largely unregulated industry.

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Ted Cruz Blasts FCC Chair’s ‘Mafioso’ Tactic to Bench Kimmel

Fri, 19 Sep 2025 22:07:02 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Senator Ted Cruz has become the most prominent Republican to criticize Federal Communications Commission Chair Brendan Carr, saying President Donald Trump’s top media regulator resorted to “mafioso” behavior to pressure Disney Corp.’s ABC to remove late night host Jimmy Kimmel.
Cruz, the chairman of the Commerce Committee and a frequent defender of the Trump administration, took to his podcast in the wake of Kimmel’s indefinite suspension this week to describe Carr’s actions as “dangerous.”
Carr earlier in the week implied on another podcast that ABC could face serious consequences from the government over Kimmel’s remarks about the shooting of conservative activist Charlie Kirk. Only hours later, ABC pulled Kimmel’s show.
Cruz said he doesn’t believe the government should punish media companies over political disagreements.
Today's show features:

Bloomberg News Media Reporter Hannah Miller on President Trump’s comments about pulling broadcast licenses from outlets he feels are covering him unfairly
Annalena Baerbock, President of the United Nations General Assembly, on the UN’s role in a time of heightened geopolitical tensions
Bloomberg News White House Correspondent Lauren Dezenski on Friday’s phone call between President Donald Trump and China’s Xi Jinping, and the planned meeting between the two leaders
Walter Todd III, President and Chief Investment Officer of Greenwood Capital Associates, on whether the bull market will continue

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Bloomberg Businessweek Weekend - September 19th, 2025

Fri, 19 Sep 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Threats to Women and Children's Health in America

Fri, 19 Sep 2025 12:00:00 +0000

Dr. Susan J. Blumenthal has been at the forefront of women’s health for 30 years. Having served under four US presidents, she achieved the rank of Rear Admiral (Ret.) with the US Public Health Service, is the former Assistant Surgeon General, and was the nation's first-ever Deputy Assistant Secretary for Women's Health. She currently works as a visiting professor with the MIT Media Lab.
Dr. Blumenthal discusses the changing landscape for women’s health, and key research within the field, with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump Threatens Licenses of TV Stations That Criticize Him

Thu, 18 Sep 2025 22:08:26 +0000

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President Donald Trump said US broadcast networks should face scrutiny over their licenses if they’re too critical of him, in what amounts to his furthest-reaching threat to media freedoms.
“When you have a network and you have evening shows, and all they do is hit Trump,” Trump told reporters aboard Air Force One on Thursday. “I would think maybe their license should be taken away.”
The president was defending ABC’s decision to suspend Jimmy Kimmel’s show indefinitely over the late-night host’s remarks about the death of conservative activist Charlie Kirk.

Trump’s latest comments came days after he filed a $15 billion lawsuit against the New York Times. The president and his Republican allies have long complained that America’s mainstream media is biased against conservatives. Trump has repeatedly called for CBS, ABC and NBC to get rid of late night comedy hosts who are frequently critical of his administration.

On Wednesday, Walt Disney Co.’s ABC network said it is taking Jimmy Kimmel Live! off the air indefinitely following a backlash from conservatives over the late-night host’s comments about Kirk. Earlier Thursday, Trump backed ABC’s decision to remove Kimmel amid pressure from network affiliates who had said they were pulling the show.

Today's show features:

Katie Fallow, Deputy Litigation Director for the Knight First Amendment Institute at Columbia University, on Walt Disney’s ABC network taking Jimmy Kimmel Live! off the air indefinitely following the comedian’s comments about Charlie Kirk
Bloomberg Tech Co-Host Ed Ludlow on Nvidia’s $5 billion investment in Intel
Chris Miller, Professor of International History at The Fletcher School at Tufts University, on the geopolitical forces shaping the global ecosystem for semiconductors
Aaron Kennon, CEO of Clear Harbor Asset Management, on the outlook for the market and US monetary policy

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New York City's Manufacturing Renaissance

Thu, 18 Sep 2025 12:30:00 +0000

New York City's Brooklyn Navy Yard has evolved from a collection of warehouses into a model for 21st-century manufacturing, where climate-tech, smart city solutions, and advanced fabrication companies grow alongside distilleries, designers, and robotics startups. Now, the mission-driven industrial park is prompting a broader rethink of what manufacturing looks like in big cities, and how to solve some of today’s biggest problems, from climate change to health care access.

Lindsay Greene, President and CEO of the Brooklyn Navy Yard, discusses her vision for the Big Apple's business ecosystem. Lindsay speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Fed Cuts Rates by Quarter-Point; Powell Cites Weakness in Jobs

Wed, 17 Sep 2025 21:38:57 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs.

Chair Jerome Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was time to cut rates after holding them steady since December amid concerns over tariff-driven inflation.

The decision comes at an extraordinary moment for the Fed. President Donald Trump, who has demanded drastic rate reductions and sought to exert more control over the US central bank, continued his legal battle this week to remove one official from the Fed board and install his own top economic adviser ahead of the highly anticipated gathering.

Fed Governor Lisa Cook and newly-sworn-in Governor Stephen Miran, who is on a temporary leave from his role as chair of the White House Council of Economic Advisers, both attended the meeting.
The Federal Open Market Committee voted 11-1 on Wednesday to cut the target range for the federal funds rate to 4%-4.25%, after holding rates steady for five straight meetings this year.

Today's show features:

Danielle DiMartino Booth, CEO and Chief Strategist at QI research, on what to watch for from the FOMC for the rest of 2025
Ethan Penner, 2026 Candidate for Governor of California and Managing Partner and co-Founder of Mosaic Real Estate Investors, on his political platform as an independent candidate
Bloomberg "Open Interest" Co-Host Matt Miller on Tesla working on a redesign of its door handles that have drawn safety scrutiny
Bloomberg News Reporter Zach Mider on Treasury Secretary Scott Bessent’s contradictory mortgage pledges

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Babbel Makes a Splash in AI-Assisted Language Learning

Wed, 17 Sep 2025 12:00:00 +0000

Language-learning platform on Tuesday announced the launch of its new feature called Babbel Speak, which is designed to help first-time learners go from silence to speech. Introduced to the Babbel app via a new tab on the home screen, the AI-powered, voice-led trainer solves one of the most common barriers in language learning: not knowing how to begin speaking.
Newly appointed Babbel CEO Tim Allen, who took over the role in June, discusses his expectations for the enhanced features as well as competition from the likes of Duolingo, and wearable translation aides from Apple and Alphabet. Tim speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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TikTok Buyers Group to Include Oracle, Silver Lake, Andreessen

Tue, 16 Sep 2025 21:31:03 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
TikTok’s American operations would be acquired by an investor consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a framework deal that US President Donald Trump is set to discuss with Chinese President Xi Jinping later this week.
The tentative agreement, unveiled on Monday by senior US and Chinese officials after two days of talks in Madrid, would create a US-based version of the popular social media app with Oracle, Andreessen and Silver Lake all holding stakes in the new venture, according to people familiar with the matter.
Under the deal, ByteDance Ltd.’s stake in TikTok would be reduced to below 20% to satisfy a US national security law passed in 2024 requiring the Beijing-based company to divest or face a ban in the American market. If completed, with the blessing of Trump and Xi, the transaction would allow the video-sharing platform to keep operating in the US and remove a sticking point in US-China relations.
The deal calls for Oracle to continue providing cloud services for TikTok in the US, a business that has become a steady source of revenue for the Austin-based company. Oracle already works with TikTok to host user data in the US and other countries as part of a multi-billion-dollar partnership TikTok has dubbed Project Texas.
Today's show features:

Bloomberg Businessweek Editor Brad Stone on TikTok's potential buyers and the evolution of social media platforms
Katy Kaminsky, Chief Research Strategist and Portfolio Manager with AlphaSimplex Group, on the rates market and the Federal Reserve
Adaire Fox-Martin, President and CEO of Equinix, on investing in American infrastructure
Alli McCartney, Managing Director, Wealth Management and Private Wealth Advisor with Alignment Partners at UBS

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AI Features Paying Dividends as Adobe Gives Strong Outlook

Tue, 16 Sep 2025 12:00:00 +0000

Adobe Inc. gave a strong quarterly revenue outlook, suggesting that the software maker is seeing a payoff from its investment in AI features. Sales will be about $6.08 billion to $6.13 billion in the period running through November, the company said Thursday in a statement. Analysts, on average, estimated a number at the bottom of that range. The San Jose, California-based company also boosted its annual forecast. Adobe has worked to weave artificial intelligence features, often based on its own generative models, into the company’s industry-standard products like Photoshop. That’s now helping spur growth.
Anil Chakravarthy, the company's President of Digital Experience Business, Worldwide Field Operations, discusses the company’s strong earnings results and its announcement of the acceleration of its AI innovation adoption, including its push into the use of AI Agents. Anil speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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US, China Reach TikTok ‘Consensus,’ Setting Up Trump-Xi Call

Mon, 15 Sep 2025 22:15:58 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump said he would speak with Chinese leader Xi Jinping on Friday as US and Chinese officials reached a framework deal on keeping the TikTok app running in the US.
It would be the first direct engagement between Trump and Xi since June.
“I will be speaking to President Xi on Friday. The relationship remains a very strong one!!!,” Trump said in a post on social media Monday. Referring to a meeting of top officials between the two nations in Madrid, Trump also said that the session “has gone VERY WELL!”
US Treasury Secretary Scott Bessent, who led the talks in Spain, told reporters that a framework to keep ByteDance Ltd.’s TikTok app running in the US had been reached. China’s Vice Commerce Minister Li Chenggang also told reporters in Madrid that a framework of “consensus” had been reached on TikTok, while cautioning that Beijing won’t sacrifice principles for a deal.
The terms of the blueprint, and whether they would satisfy the requirements of a US national security law that took effect in January, remain unclear. But a US official emphasized that some arrangement was crucial in order for Trump and Xi to have their first in-person tête-à-tête later this year.
Had there been no deal on TikTok, a Trump-Xi meeting on the sidelines of the Asia Pacific Economic Cooperation gathering in South Korea late next month would have been off the table, the official said. A Trump state visit to China would also have been off the table, the official added, speaking on condition of anonymity to discuss the sensitive issue.
Today's show features:

Bloomberg News White House Reporter Skylar Woodhouse on President Donald Trump and Xi Jinping’s expected talks Friday, and the potential for a resolution to the TikTok saga
Yelena Shulyatyeva, Senior US Economist for The Conference Board, on this week’s FOMC policy meeting
Bloomberg Businessweek Senior Reporter Max Chafkin on Elon Musk’s $1 billion Tesla stock purchase
Brent Schutte, Chief Investment Officer of Northwestern Mutual Wealth Management on the outlook for US monetary policy

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CDC’s Total Overhaul Takes Shape

Mon, 15 Sep 2025 12:30:00 +0000

Since it was established almost 80 years ago, the US Centers for Disease Control and Prevention has been considered the gold standard for public health. For generations, the world has looked to the agency for guidance during dangerous disease outbreaks, with its website frequently bookmarked by physicians across the country looking for science-backed recommendations.

But in the months since Robert F. Kennedy Jr. took over the Department of Health and Human Services, which oversees the CDC, the agency has been thrown into disarray. HHS laid off thousands of CDC employees in April, including people studying chronic disease—Kennedy’s central issue—before bringing back some workers as a result of various lawsuits.

Dr. Richard E. Besser, President and CEO of the Robert Wood Johnson Foundation, offers his view on the potential dangers that come with the overhaul at the CDC. Dr. Besser speaks with Carol Massar, Tim Stenovec and Bloomberg News Health Reporter Jessica Nix on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - September 12th, 2025

Fri, 12 Sep 2025 22:00:00 +0000

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Charlie Kirk Killing Suspect Arrested on Murder, Weapon Offenses

Fri, 12 Sep 2025 20:46:10 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The man accused of killing of conservative activist Charlie Kirk— identified as Tyler Robinson — was arrested on suspicion of murder and weapons offenses.

Robinson is being held in county jail in Utah without bail, according to court documents. He was arrested by law enforcement, after a family member alerted authorities that he had confessed, or at least implied involvement, in the killing, Utah Governor Spencer Cox said Friday.
No formal charges have been filed against Robinson, but authorities in Utah said they intend to file them early next week.

Kirk, 31, executive director of Turning Point USA and a close ally of President Donald Trump, was shot in the neck Sept. 10 as he spoke at an outdoor student event before a crowd of more than 3,000 at Utah Valley University in Orem, about 40 miles (64 kilometers) south of Salt Lake City. He was pronounced dead at a local hospital.

Today's show features:

Bloomberg News Senior White House Correspondent Josh Wingrove on Charlie Kirk’s role in the US conservative movement and the US urging G-7 sanctions on Russian oil
Axel Merk, President and Chief Investment Officer of Merk Investments on the gold market boom
Bloomberg Tech Co-Host Ed Ludlow on takeaways from his interview with Tesla Board Chair Robyn Denholm
Alan Lancz, Director of Research at LanczGlobal on stock picks and Friday's late-day market fade

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The Future of Women's Health Begins at MIT

Fri, 12 Sep 2025 12:00:00 +0000

For 40 years, the MIT Media Lab has been an interdisciplinary creative sandbox where innovation thrives at the intersection of art, science, engineering, and design. Grounded in academic excellence, the Lab brings together diverse students, faculty, and researchers collaborating across dozens of groups, centers, initiatives, and programs on transformative projects. Through its unique consortium model, the Lab collaborates with industry, nonprofits, governments, philanthropic organizations, and global communities to develop technologies and experiences that enable people everywhere to flourish.

Rosalind Picard, Sc.D., a Grover M. Hermann Professor of Health Sciences and Technology at the MIT Media Lab, discusses the technological advancements in wearable medical devices and their impact on women’s health. Dr. Picard speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Police Hunt for Killer of Conservative Activist Charlie Kirk

Thu, 11 Sep 2025 21:36:32 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
A search is underway for the killer of Charlie Kirk, a conservative activist and close ally of President Donald Trump who was fatally shot Wednesday at a Utah university.
Kirk, executive director of the Turning Point USA advocacy group, was speaking at an outdoor event before a crowd at Utah Valley University when a single shot was fired from a nearby building, according to local police.
Governor Spencer Cox described it as a “political assassination.”A person of interest was taken into custody and later released, FBI director Kash Patel said in social media posts, later tweeting that the FBI is seeking information, video and photos to help find the killer.
The shooting, the latest in a spate of political violence in the US, drew an outpouring of shock and condemnation from Republicans and Democrats. Kirk, 31, started Turning Point USA more than a decade ago and had turned it into one of the most influential groups helping to rally young voters to conservative causes. He leaves behind a wife and two young children.
Today's show features:

Congressman Gabe Amo (D-RI), on domestic security, geopolitical unrest, US economic policy and offshore power projects involving his state
Bloomberg Tech Co-Host Caroline Hyde on the report that Paramount Skydance Corp. is preparing a bid for Warner Bros. Discovery Inc.
Kristy Akullian, CFA, is the Head of Investment Strategy, Americas, BlackRock, on asset allocation strategies
Mark F. Cancian, Colonel, USMCR (Ret.) and Senior Adviser for the Defense and Security Department at the Center for Strategic and International Studies on the changing nature of US warfare and foreign military operations

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JLL CEO Ulbrich on the Global Commercial Real Estate Landscape

Thu, 11 Sep 2025 12:10:00 +0000

JLL is a Fortune 200 company and one of the largest consultancies in the world, specializing in real estate and investment management. JLL generates $23.4 billion in annual revenue, with a global workforce of over 112,000 across 80+ countries. The commercial real estate giant has seen office leasing activity worldwide increase both quarterly and year-over-year, with first-half volumes in 2025 reaching their highest level since 2019.

Christian Ulbrich, President and CEO of JLL, discusses the signs of stability and explains why he sees cause for cautious optimism heading toward the end of the year. Christian speaks with Bailey Lipschultz and Katie Greifeld on Bloomberg Businessweek Daily.

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Ellison Tops Musk as World’s Richest Man After $101 Billion Gain

Wed, 10 Sep 2025 23:41:49 +0000

Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF.

Larry Ellison has become the world’s richest person for the first time, ending Elon Musk’s nearly year-long reign in the top spot.

Ellison’s fortune soared $101 billion as of 10:10 a.m. in New York after Oracle Corp. reported quarterly results that surpassed expectations and said there’s more growth to come.
The increase lifted his total fortune to $393 billion, ahead of Musk who sits at $385 billion, according to the Bloomberg Billionaires Index. It’s the biggest one-day increase ever recorded by the index.

Musk became the world’s richest person for the first time in 2021 before losing the title to Amazon.com Inc.’s Jeff Bezos and LVMH’s Bernard Arnault. He reclaimed it last year and had held it for just over 300 days.

Ellison, 81, who co-founded Oracle and is now chairman and chief technology officer, has the bulk of his net worth tied up in the database software company.

Oracle’s shares, which had already gained 45% this year through Tuesday’s close, soared 41% Wednesday after the company posted a major increase in bookings and gave an aggressive outlook for its cloud infrastructure business. It’s the company’s largest single-day surge ever.

Today's show features:

Bloomberg News Wealth Americas Team Leader Kristine Owram on Larry Ellison surpassing Elon Musk as the world’s richest man
Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on the US Department of Labor’s Office of Inspector General initiating a review at the Bureau of Labor Statistics and the Senate Banking Committee backing Stephen Miran for a Federal Reserve Governor post
Elizabeth Renter, Senior Economist at NerdWallet, on the economic outlook and the health of the US consumer
Fred Thiel, Chairman and CEO of MARA Holdings on the regulatory outlook for Bitcoin and the company’s recent progress with Bitcoin mining

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MercadoLibre Taps Into Pharma and Food With Regional Pilots

Wed, 10 Sep 2025 12:05:00 +0000

MercadoLibre is experimenting with small pilot programs to develop ventures in industries like pharma and food delivery. This development emerges after Bloomberg first reported that Amazon had acquired a stake in Colombian delivery platform Rappi through a $25 million convertible note.

Martin de los Santos, Chief Financial Officer of MercadoLibre, discusses why pharmaceuticals have a chance to improve their low e-commerce penetration, as well as why food products create new revenue opportunities for the Latin American powerhouse due to the high frequency of purchases. Martin speaks with Katie Greifeld and Matt Miller on Bloomberg Businessweek Daily.

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Apple Debuts iPhone 17 Lineup, Including Skinnier Air Mode

Tue, 09 Sep 2025 21:52:08 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Apple Inc. introduced its iPhone 17 lineup, adding an all-new skinnier Air design and improving the devices’ durability and camera technology.

The company unveiled the new smartphones at an event with the tagline “awe dropping” from its headquarters in Cupertino, California. Apple also debuted new smartwatches and an updated version of its high-end AirPods.

The technology giant is looking to keep customers hooked on the smartphone — its biggest moneymaker — after signs of slowing demand in recent years. Apple has been contending with a saturated market for phones as well as fiercer competition in places like China.

“IPhone Air is a total game changer,” Chief Executive Officer Tim Cook said during the presentation.

Apple kept the starting price of its standard iPhone the same at $799. Though the Pro model will go up by $100, it also has twice as much storage. And the new Air version will cost $999, putting it in the middle of its price range. The skinnier model has ceramic shields on both sides of the phone, helping make the device more durable.

The model is 5.6 millimeters wide and “exceptionally light,” the company said. Though Apple rival Samsung Electronics Co. introduced its own skinny model earlier this year — the Galaxy S25 Edge — that device is 5.8 millimeters.

Today's show features:
- Dan Ives, Global Head of Technology Research at Wedbush Securities, on Apple’s newest iPhone launch and the tech sector broadly
- Jennifer Grancio, Global Head of ETFs at TCW on the market outlook and the demand for ETFs
- Douglas Boneparth, President of Bone Fide Wealth, and Heather Boneparth, Director of Business and Legal Affairs Bone Fide Wealth on personal financial management and investing
- Mark Gatto, Co-Founder, Co-President & Co-CEO of CION Investments, on the growing demand for private credit and alternative assets

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The Cost of Your Health

Tue, 09 Sep 2025 12:05:00 +0000

HealthEquity and its subsidiaries administer HSAs and other consumer-directed benefits for more than 17 million accounts in partnership with employers, benefits advisors, and health and retirement plan providers who share our mission to save and improve lives by empowering healthcare consumers.

Scott Cutler, the company's CEO, discusses the challenges and successes of his first eight months on the job, and how his firm uses technology and data to help deal with healthcare affordability issues in America. Scott speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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JPMorgan Trading Desk Warns Fed Rate Cut Risks Tanking Stocks

Mon, 08 Sep 2025 23:11:46 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US stocks have been on a tear, setting more than 20 all-time highs this year, but the Federal Reserve’s next move threatens to curb investors’ zeal, JPMorgan Chase & Co.’s trading desk warns.

“This current bull market feels unstoppable with new support forming as former tent poles weaken,” according to Andrew Tyler, the bank’s head of global market intelligence. If the Fed follows through on a widely expected interest-rate cut at its Sept. 17 meeting, that “could turn into a ‘Sell the News’ event as investors pullback.”

JPMorgan’s trading desk maintained their lower conviction tactical bullish call while pointing to a number of risk factors including inflation, employment and the trade war in a note Monday. They also noted retail investors typically scale back their participation in September, while less corporates have been buying back their own shares.

The S&P 500 Index has climbed more than 30% from its April lows reached when President Donald Trump made his opening salvos in the global trade war. The stock market has so far proved resilient. But with the impact of tariffs just being felt and a recent weak jobs readout, investors are on edge ahead of an expected rate cut in typically the worst month of the year for the US equity market.

Today's show features:
Lauren Goodwin, Chief Market Strategist at New York Life Investments, on the US economic outlook and her expectations for US monetary policy
Jaime Magyera, Head of US Wealth Advisory and Head of Retirement at BlackRock
Priya Misra, Core Plus Bond ETF Portfolio Manager at JPMorgan, on the slowing US labor market and the Federal Reserve’s next move
Matt Middleton, Founder and CEO of Future Proof, on the 2025 Future Proof summit

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US Sees Spike in Youth Joblessness

Mon, 08 Sep 2025 12:30:00 +0000

The August jobs report showed the labor market is worsening for younger Americans. The youth unemployment rate jumped to 10.5% in August, the highest since late 2016 save for the pandemic period. The rate has risen by 150 basis points since the start of the year in a possible sign of things to come. Young workers with limited experience tend to take lower-wage jobs and difficulty finding that kind of employment may indicate more stress in the overall labor market.

Dan Shapero, Chief Operating Officer of LinkedIn, examines the key labor force trends playing out on the networking platform. Dan speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - September 5th, 2025

Fri, 05 Sep 2025 22:30:00 +0000

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Tesla Offers Elon Musk an Unprecedented $1 Trillion Pay Package

Fri, 05 Sep 2025 21:20:35 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Tesla Inc. proposed a new compensation agreement for Chief Executive Officer Elon Musk potentially worth around $1 trillion, a massive package without precedent in corporate America.

The long-awaited proposal, designed to incentivize Musk to lead Tesla for years to come, sets a series of ambitious benchmarks he must meet to earn the full payout, including expanding Tesla’s nascent robotaxi business and growing the company’s market value to at least $8.5 trillion from about $1.1 trillion today. The plan spans 10 years.
The additional shares Musk could receive would push his holdings in the electric-vehicle maker to at least 25%, according to the terms detailed in Tesla’s proxy filing Friday. Musk has publicly stated he wants a stake of that size.

The plan dangles a financial windfall and expanded control of the company to Musk, already the world’s richest person, after his 2018 package valued in excess of $50 billion was struck down by a Delaware court. While Tesla appeals that decision, the board is seeking other ways to compensate its CEO, including with an interim stock award in early August valued at about $30 billion.

Today's show features:

Bloomberg Technology Co-Host Ed Ludlow on Thursday’s White House tech summit and Tesla’s new proposal for $1 trillion Elon Musk pay package
Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey on Treasury market moves and the latest news from the Federal Reserve and Constance Hunter, Chief Economist at the EIU (Economist Intelligence Unit), on the August nonfarm payrolls report
Dr. Misty Heggeness, Associate Professor at the University of Kansas and former principal economist at the US Census Bureau, on women in the workforce
Louis "Louie" Navellier, Chairman, Founder and CIO of Navellier & Associates, on markets and the economy

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Power Players Descend on NYC for Bloomberg Summit

Fri, 05 Sep 2025 00:21:14 +0000

Bloomberg Businessweek Daily is live from Bloomberg Power Players New York. The event brings together some of the most influential voices from the sports business universe to help identify the next wave of disruption that could hit this multi-trillion dollar global industry.

Gary Bettman, Commissioner of the National Hockey League, and Ted Leonsis, Founder, Chairman, Managing Partner & CEO of Monumental Sports & Entertainment, join to discuss the remaking of the fan experience in the streaming era. They are followed by Mike Harrity, Haldeman Family Director of Athletics & Recreation at Dartmouth College and Bloomberg News Higher Education Finance Reporter Janet Lorin, with a pulse-check on the state of college athletics in the name, image and likeness (NIL) era. They speak with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Trump’s Fed Pick Draws Fire at Hearing; Live From Power Players New York

Fri, 05 Sep 2025 00:06:28 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump’s pick to fill a vacant seat on the Federal Reserve’s Board of Governors pushed back against Democratic concerns that he would merely do Trump’s bidding at the central bank, even as he acknowledged he would retain his White House job.

In his confirmation hearing before the Senate Banking Committee on Thursday, Stephen Miran said he intends to take an unpaid leave of absence from his post as chair of the White House Council of Economic Advisers if confirmed to the Fed for a term that is set to expire at the end of January.
Miran also reiterated his commitment to central bank independence and pledged to make decisions based on his own analysis. He added that a central bank’s most important job is preventing depressions and hyperinflation.

The Trump administration official, who said he has spent much of his career studying monetary policy, last year wrote a paper detailing numerous proposals to overhaul the Fed, including ways to undercut its independence.

Today's show features:

Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on the Stephen Miran Federal Reserve Confirmation Hearing
Max Levchin, Co-Founder & CEO at Affirm, on earnings and the fintech landscape

Plus, Carol and Tim broadcast live as part of Power Players New York. They speak with:

Derek Sprague, CEO, PGA of America, and Bloomberg News Texas Bureau Chief Julie Fine on the upcoming Ryder Cup and the mission to reunited the sport of golf
Alex Rodriguez, Chairman & CEO of A-Rod Corp, and Bloomberg Originals Chief Correspondent Jason Kelly, on the newest season of “The Deal”

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The Black Family Who Built America

Thu, 04 Sep 2025 12:30:00 +0000

McKissack & McKissack is the oldest minority-owned professional design and construction firm in the United States. A family-owned business for more than 120 years, the firm provides a wide range of services to a variety of government agencies, municipalities, private institutions, industries, designers and developers, and attributes its longevity and success to the talented, service-oriented professionals that comprise the McKissack organization.

Cheryl McKissack Daniel, the company's President and CEO, examines the key issues impacting American infrastructure, including tariffs, and details the new book about her family's story, The Black Family Who Built America: The McKissacks, Two Centuries of Daring Pioneers. Cheryl speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Weak Jobs Data Fuel Fed Bets

Wed, 03 Sep 2025 21:54:42 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street traders kept piling into bets the Federal Reserve will cut rates in September as weak labor data lifted bonds. Those wagers also propped up stocks, which halted a two-day rout amid a rally in big tech.

Just days ahead of the US payrolls report, a drop in job openings to the lowest in 10 months saw traders almost fully pricing in a Fed cut this month and projecting at least two in 2025. Treasuries bounced after a slide that put the 30-year yield close to 5%. While most shares in the S&P 500 actually fell, Alphabet Inc. led gains in megacaps as Google dodged a forced sale of Chrome.

The slide in vacancies indicates companies are becoming more cautious and selective with their hiring as they attempt to gauge the impact of tariffs on the economy. In addition to the openings data, the pace of hiring has slowed and it is taking longer for unemployed people to find another position.

Before that, Friday’s jobs data will be a crucial input for Fed officials. Some are less concerned about the slowdown in payrolls growth because it’s being accompanied by a decline in the participation rate. They’re also wary of reducing borrowing costs when inflation is gradually increasing.

Today's show features:

Bloomberg Economics US and Canada Economist Stuart Paul details the Federal Reserve’s August Beige Book release
Jason Granet, Chief Investment Officer of BNY, on the market outlook and the Federal Reserve
Jaime Leverton, CEO of ReserveOne, on the role of crypto treasury companies and her firm’s IPO plans
Rick J. Caruso, Founder and Executive Chairman of Caruso, on the hospitality and commercial real estate business, and California economic recovery from this year’s wildfires

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ICYMI: What NIH Cuts Mean for Health Sector Entrepreneurs

Wed, 03 Sep 2025 12:30:00 +0000

House Republicans are taking a middle-of-the road approach to funding the federal health department by making deeper cuts than their Senate counterparts but granting only some of President Donald Trump’s wishes. House appropriators unveiled their version of the appropriations bill for the Health and Human Services Department on Monday, which provides the department $108 billion in discretionary funding, cutting $7 billion—or 6%—from the previous year.
Quang X. Pham, Founder, Chairman and CEO of publicly traded Cadrenal Therapeutics, discusses how such budget cuts impact his company's ability to conduct pre-clinical research on new drugs and get them through the government approval process in a timely manner. Quang speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Google Not Required to Sell Chrome in Court Antitrust Ruling

Tue, 02 Sep 2025 21:39:35 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Alphabet Inc.’s Google doesn’t have to sell its popular Chrome web browser, a federal judge ruled Tuesday in the Justice Department’s landmark antitrust case against the search engine.

The ruling allows Google to avoid one of the most severe remedy requests from the US government after the court found the company found the company had an illegal monopoly in the search market. Judge Amit Mehta did bar Google from entering into exclusive contracts for internet search.

The finding follows Mehta’s ruling last year that Google illegally monopolized the markets for online search and search advertisements. Mehta held a three-week hearing in April to determine a fix.
The order is one of the most monumental court decisions affecting the tech sector in more than a quarter century, and could offer a blueprint for other judges who may end up weighing similar choices in cases against Meta Platforms Inc., Amazon.com Inc. and Apple Inc.

In another win for Google, the judge didn’t bar the company from making payments to third parties for default browser placement.

Today's show features:

Bloomberg Intelligence Global Head of Technology Research Mandeep Singh and Bloomberg News Senior Executive Editor for Global Tech Tom Giles
Peter Atwater, President of Financial Insyghts and Adjunct Lecturer of Economics at the College of William and Mary, on US trade policy and the economic outlook
Wendy Cutler, Vice President at the Asia Society Policy Institute, on India and China shoring up ties with Russia amid the US-driven trade war and geopolitical unrest
Bloomberg Senior Editor, Equities Americas Eric Weiner, discussing the Tuesday trade

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ICYMI: Collab Capital's Latest Investments

Tue, 02 Sep 2025 12:15:00 +0000

Collab Capital is a venture firm investing at the intersection of innovation and inclusion. It backs early-stage, tech-enabled companies addressing critical needs across workforce, healthcare and community infrastructure, sectors it defines as “the building blocks of shared prosperity.” Its portfolio includes founders developing the market-defining solutions expanding economic mobility, improving access to care and strengthening the systems communities rely on every day.

Jewel Burks Solomon, the firm's co-founder and managing partner, discusses her team's latest investments and the venture capital landscape broadly. Jewel speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - August 29th, 2025

Sat, 30 Aug 2025 09:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”

Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Cook Hearing Ends With No Judge Ruling; Live from US Open Day 2

Fri, 29 Aug 2025 23:43:47 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

Questions about whether President Donald Trump had cause to try to push out Federal Reserve Governor Lisa Cook dominated a court hearing Friday, as a judge weighs whether he had proper reasons to order her removal from the US central bank.

US District Judge Jia Cobb peppered lawyers for Cook and the administration for about two hours Friday, before ending the hearing without ruling on the Fed governor’s request for a temporary order blocking Trump’s effort to oust her. The judge, who isn’t expected to make a decision this week, didn’t indicate which way she is leaning in a landmark lawsuit that could determine the future of the Fed’s independence.

The hearing capped weeks of criticism of the Fed by the Trump administration and signaled the beginning of a pitched legal fight that is likely to land before the US Supreme Court. Cook sued after Trump moved to fire her for allegedly engaging in fraud by declaring two homes as her primary residence in separate mortgage applications. She hasn’t been charged with wrongdoing.
The judge focused in particular on Cook’s argument that being accused of wrongdoing and fired through a series of social media posts didn’t amount to proper due process under US law.

Today's show features:

Bloomberg TV and Radio International Economics & Policy Correspondent Michael McKee on key takeaways from Federal Reserve Governor Lisa Cook’s emergency court hearing
Bloomberg Intelligence Global Equity Strategist Gillian Wolff on the Friday trade and end of the "de minimis" trade exemption
Kirsten Corio, Chief Commercial Officer of the USTA, on growth in the sport of tennis in the United States
Eric Butorac, Director of US Open Player Relations for the USTA, on the life of professional athletes

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ICYMI: Google Cloud Aiming Higher

Fri, 29 Aug 2025 12:15:00 +0000

Yasmeen Ahmad is Google Cloud's Managing Director of Data Cloud. She is among the group's top leaders on the database and data analytics team, which runs enterprise platforms like AlloyDB and BigQuery. That gives her keen insight into the evolution of large language models for data analysis and the growing number of use cases for Generative Artificial Intelligence,or “Gen AI,” a type of AI that can create new content like text, images, music and code, by learning patterns from large datasets.

Yasmeen examines generative AI’s impact on data scientists and data developers with Tim Stenovec, Norah Mulinda and Bloomberg Intelligence Global Head of Technology Research Mandeep Singh on Bloomberg Businessweek Daily.

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Live from the US Open: Day One

Thu, 28 Aug 2025 23:48:32 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

On this special edition of Bloomberg Businessweek Daily, Tim and guest host Molly Smith broadcast live from the USTA Billie Jean King National Tennis Center in Flushing, Queens.
They speak with:

Jon Wertheim, sports journalist and Correspondent for 60 Minutes, on the business of tennis
Tim Bunnell, Senior Vice President of Programming at ESPN, on the changing landscape of sports media
Bloomberg Cross-Asset Reporter Isabelle Lee and Managing Editor for Bloomberg Markets Live blog Kristine Aquino on the Thursday trade

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ICYMI: Why Leading Retailers' Valuations Look "Scarier" Than Nvidia's

Thu, 28 Aug 2025 12:30:00 +0000

The stocks of Walmart Inc. and Costco Wholesale Corp. may represent a risk due to their high valuation, with forward price-earnings ratios of 34.3 times and 47 times, respectively. That's according to Bloomberg Opinion markets columnist Jonathan Levin, who writes that the "perception of safety has inflated the retailers' valuations, as investors believe they can't go down, which paradoxically puts them at a heightened risk of correction."

Jonathan discusses the implications of that trend as well as his thoughts on Federal Reserve Chair Jerome Powell's response to President Donald Trump's pressure on the central bank with Tim Stenovec and Isabelle Lee on Bloomberg Businessweek Daily.

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Nvidia Gives Lackluster Forecast, Stoking Fears of AI Slowdown

Wed, 27 Aug 2025 22:52:47 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

Nvidia Corp., the world’s most valuable publicly traded company, gave a tepid revenue forecast for the current period, fueling concerns that a massive run-up in artificial intelligence spending is slowing.

Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. The forecast excluded data center revenue from China, a market where it has struggled with US export restrictions and opposing pressure from Beijing.

The company’s tepid outlook adds to concern that pace of investment in artificial intelligence systems is unsustainable. Difficulties in China also have clouded Nvidia’s business. Though the Trump administration recently eased restrictions on exports of some AI chips to that country, the reprieve hasn’t yet translated into a rebound in revenue.

Today's show features:
- Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, and Bloomberg Intelligence Global Head of Technology Research Mandeep Singh break down Nvidia’s latest earnings report
- Natasha Sarin, Professor of Law at Yale Law School, and Co-Founder and President of the Yale Budget Lab, on US monetary and trade policy issues
- Dana Telsey, Founder, CEO and Chief Research Officer of Telsey Advisory Group, on key trends within the latest wave of retail earnings and the outlook for the US consumer

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Instant Reaction: Nvidia Gives Lukewarm Forecast, Stoking Fears of AI Slowdown

Wed, 27 Aug 2025 21:43:55 +0000

Nvidia, the world’s most valuable publicly traded company, gave a tepid revenue forecast for the current period, fueling concerns that a massive run-up in artificial intelligence spending is slowing. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. The forecast excluded data center revenue from China, a market where it has struggled with US export restrictions and opposing pressure from Beijing.

The outlook adds to concern that pace of investment in artificial intelligence systems is unsustainable. The difficulties in China also have clouded Nvidia’s business. Though the Trump administration recently eased curbs on exports of some AI chips to that country, the reprieve hasn’t yet translated into a rebound in revenue.

For instant reaction and analysis, hosts Tim Stenovec and Isabelle Lee speak with:

Bloomberg Intelligence Global Head of Technology Research Mandeep Singh
Bloomberg News Big Tech Team Leader Sarah Frier
Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners

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ICYMI: The Risks to US Exceptionalism

Wed, 27 Aug 2025 12:30:00 +0000

The dollar fell and longer-dated Treasury yields rose as President Donald Trump’s push to remove Federal Reserve Governor Lisa Cook fueled concern about central bank independence and inflation risks. Stocks eked out gains before Nvidia Corp.’s results.

While the moves were modest in listless summer trading, they underscored growing unease over political interference in monetary policy. That could give Trump another chance to name someone to the Fed board as he repeatedly pressures officials to cut rates.

Ben Inker, Co-Head of Asset Allocation and Portfolio Manager at GMO, breaks down the market risks facing US investors and White House's legal battle with the Fed escalates. Ben speaks with Tim Stenovec and Isabelle Lee on Bloomberg Businessweek Daily.

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Trump Says He’s Prepared for Fight Over Cook’s Ouster From Fed

Tue, 26 Aug 2025 21:30:40 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he was prepared for a legal fight with Federal Reserve Governor Lisa Cook after he moved to oust her from her post following allegations that she falsified mortgage documents.

The Fed, weighing in for the first time this week, said it would abide by any court decision in Cook’s legal challenge of her dismissal by Trump. A Fed spokesperson added the central bank has deferred any decision on Cook’s current working status, and noted there is no official business before the Fed board this week.

“Lisa Cook has indicated through her personal attorney that she will promptly challenge this action in court and seek a judicial decision that would confirm her ability to continue to fulfill her responsibilities as a Senate-confirmed member of the Board of Governors of the Federal Reserve System,” the Fed said in a statement.

Trump, speaking at a Cabinet meeting on Tuesday, said he was also prepared to abide by any court decision, but indicated he was not concerned about Cook’s challenge.

Today's show features:

Kathryn Judge, Harvey J. Goldschmid Professor of Law at Columbia Law School, on the legal battle between the White House and the Federal Reserve
Bloomberg News Equities Reporter Bailey Lipschultz on the Tuesday trade
Que Nguyen, Partner and Chief Investment Officer, Equity Strategies at Research Affiliates on markets and investing in Big Tech, as well as the Federal Reserve
Bloomberg Intelligence Senior Defense Analyst Wayne Sanders on US Commerce Secretary Howard Lutnick suggesting that the US government is looking at the defense sector for potential stakes in companies

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Musk Sues Apple, OpenAI, Saying They Hurt AI Competition

Mon, 25 Aug 2025 22:32:41 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

Elon Musk accused Apple Inc. and OpenAI in a lawsuit of unfairly favoring the artificial intelligence company across iPhones and thwarting competition for other chatbot makers.

Musk’s X and xAI seek billions of dollars in damages in the suit filed Monday in federal court in Fort Worth, Texas, arguing that Apple’s decision to integrate OpenAI into the iPhone’s operating system inhibits rivalry and innovation within the AI industry and harms consumers by depriving them of choice.

The billionaire founder of xAI Holdings, which now houses the Grok AI team and X social network, said Apple makes it impossible for anyone other than OpenAI’s ChatGPT to reach the top of the App Store charts, a sought-after global spotlight for app developers.

The case sets up a high-stakes court showdown between the richest person on the planet and one of the world’s most valuable companies.

Apple and OpenAI — whose ChatGPT service is the most-downloaded free iPhone app in the US — have a partnership around AI built into the latest iPhones. Musk, 54, has a long-running feud with OpenAI Chief Executive Officer Sam Altman, which dates back to disagreements that led to their split after the two founded OpenAI together a decade ago.

Today's show features:
- Bloomberg News Legal Reporter Madlin Mekelburg on Elon Musk suing Apple and OpenAI over what he sees as threats to AI competition
- Jennifer Lee, Senior Economist and Managing Director of Economics at BMO Capital Markets, on the big week of economic data ahead
- Bloomberg News Chief Correspondent for Global Aviation Siddharth Phillp on Boeing and union leaders returning to the bargaining table
- Christina Cassotis, Chief Executive Officer of the Pittsburgh International Airport, on the upcoming opening of her airport’s new terminal and preparing for the Labor Day weekend travel rush

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ICYMI: US New-Home Sales Exceed Forecast Following Upward Revision

Mon, 25 Aug 2025 22:14:58 +0000

Sales of new US homes exceeded forecasts in July after an upward revision to the prior month, as prices eased and heavy incentives enticed more buyers off the fence. Contract signings on new single-family homes ticked down to a 652,000 annualized rate, with the strongest demand in the West, according to a government report issued Monday. The median estimate in a Bloomberg survey of economists was a 630,000 pace.

Katie Hubbard, Executive Vice President of Capital Markets at Walton Global, breaks down the American real estate landscape as market participants await the Federal Reserve's next interest rate decision in September. Katie speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily.

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ICYMI: Webtoon Expands Reach With Disney Pact

Mon, 25 Aug 2025 12:00:00 +0000

Webtoon Entertainment is a leading global entertainment company and home to some of the world's largest storytelling platforms. As the global leader and pioneer of the mobile webcomic format, Webtoon Entertainment has transformed comics and visual storytelling for fans and creators. The firm also saw shares soar last week after announcing a deal with Walt Disney to bring about 100 series to its English-language app, and forecasting revenue for the third quarter that beat the average analyst estimate.

David Lee, the CFO and COO of Webtoon, discusses company's banner deal and continued pushed into mainstream digital media. David speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - August 23rd, 2025

Sat, 23 Aug 2025 03:55:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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US Takes Nearly 10% Stake in Intel, Clinching Unorthodox Deal

Fri, 22 Aug 2025 22:27:29 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump met with Intel Corp. Chief Executive Officer Lip-Bu Tan at the White House to finalize a deal giving the US government a nearly 10% equity stake in the beleaguered chipmaker.

Under the Friday agreement, the US will receive 433,323,000 shares of common stock — representing 9.9% of the fully diluted common shares in Intel — with the government pledging to release nearly $8.87 billion in funding under the Chips and Science Act, people familiar with the terms said, speaking on condition of anonymity to outline the deal before it was formally unveiled.

That represents the remaining Chips Act funding that was awarded but not yet distributed to Intel, they said. The shares are non-voting and there is no board seat for the US government, according to the people. Tan was at the Commerce Department building on Friday finalizing the deal.

The US taking partial ownership marks a stunning level of intervention in an American company, cutting against the principles of free-market capitalism that investors and policymakers have long considered sacrosanct except in the most extraordinary situations such as war or a systemic economic crisis.

Today's show features:
- Bloomberg News Economic Statecraft Reporter Joe Deaux on the US officially taking a nearly 10% stake in Intel
- Bloomberg TV Radio International Economics and Policy Correspondent Mike McKee on his takeaways from at the Jackson Hole Economic Symposium and Bloomberg Economics US and Canada Economist Stuart Paul on Canada plan remove retaliatory tariffs on US products
- Emily Green, Head of Private Wealth Management at Ellevest, on Friday's market rally
- Tejpaul Bhatia, CEO of Axiom, on the business of space travel and the company’s role in an upcoming launch of a data server to the International Space Station

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Instant Reaction: Jay Powell's Jackson Hole Speech

Fri, 22 Aug 2025 15:58:50 +0000

Bloomberg's Tom Keene, Lisa Abramowicz and Michael McKee discuss remarks from Fed Chair Jay Powell following his speech at the Jackson Hole Symposium on a special edition of Bloomberg Surveillance.
They speak with:

Jim Bullard, Former St. Louis Fed President
Kate Moore, Citi Wealth CIO
Rich Clarida, Former Fed Vice Chair

Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain.“The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance,” Powell said in remarks prepared for the Fed’s annual conference in Jackson Hole, Wyoming on Friday. “Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”
Following Powell’s remarks investors boosted bets that the Federal Open Market Committee would cut rates at their Sept. 16-17 meeting.

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ICYMI: Big Ideas on Display in Fast-Growing Big Apple Suburb

Fri, 22 Aug 2025 12:30:00 +0000

At a time when cities across the country are struggling to meet urgent housing demand, New Rochelle, New York is touting a replicable model that is garnering national attention. Through what local leadership calls the “New Rochelle Model,” the city has taken a proactive approach to development by streamlining approvals, utilizing public-private partnerships, offering targeted tax incentives, and implementing a form-based zoning code. Over the past decade, New Rochelle has added over 4,500 new housing units with an additional 6,500 units in the pipeline. That equates to a 37% increase in New Rochelle's apartment supply, all while rents fell 2% from 2020 to 2023, making it a regional standout among its Westchester peers and New York City.

Mayor Yadira Ramos-Herbert discusses her city's standout progress on housing affordability, helping it achieve in an area where many other municipalities are falling behind. Mayor Ramos-Herbert speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily.

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Stock Slip Before Powell as Yields Rise

Thu, 21 Aug 2025 21:26:48 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

Caution prevailed on Wall Street ahead of Jerome Powell’s speech, with stocks falling and bond yields rising as a key factory report raised concern that inflation pressures could dim the outlook for rate cuts.

The fastest growth in manufacturing since 2022 drove Treasuries lower, with 10-year yields up four basis points to 4.33%. Federal Reserve Bank of Cleveland chief Beth Hammack said she wouldn’t support easing if officials had to decide tomorrow. The S&P 500 slipped for a fifth straight day, its longest slide since January. Most big techs slid. Walmart Inc. tumbled on a profit miss.

While data showed an increase in jobless claims — adding to signs of a slowing labor market — the solid factory purchasing managers index saw traders reducing their bets on rate cuts. Money markets showed a roughly 70% chance of a reduction in September. A week ago the odds were above 90%.

Today's show features:

Bloomberg Surveillance Co-Host Tom Keene on the opening of the 2025 Jackson Hole Economic Symposium
Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on the market outlook for the rest of 2025 amid geopolitical uncertainty
Oliver Friesen, CEO at Guardian Metal Resources, the global critical-mineral supply chain
Bloomberg Intelligence Senior Retail Staples & Packaged Food Analyst Jennifer Bartashus and Bloomberg News Consumer Reporter Jeannette Neumann on some of the week’s key retail earnings and the state of the American consumer

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ICYMI: New York Sports Legend Goes From Ice to Geothermal

Thu, 21 Aug 2025 12:30:00 +0000

New York-based Brightcore Energy is an energy efficiency company working to lower buildings' operating costs through new technology, with a particular expertise in geothermal heating and cooling in dense urban environments. Brightcore's solutions, ranging from geothermal HVAC to efficient lighting to solar energy, help to lower a building's energy use, providing improved net operating income through reduced costs. In addition to design and installation, Brightcore Energy helps partners realize maximum return-on-investment on these projects through strategic planning and in some cases, financial guidance, helping clients access incentives at the national, state, and local levels.

Mike Richter, a former three-time NHL All-Star and 1994 Stanley Cup Champion with the New York Rangers, now serves as Brightcore's president. He speaks with Tim Stenovec, Emily Graffeo and Will Wade on Bloomberg Businessweek Daily.

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Trump Presses Fed’s Cook to Quit After Mortgage Fraud Allegation

Wed, 20 Aug 2025 21:23:10 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump called on Federal Reserve Governor Lisa Cook to resign after a staunch ally called for an investigation of the board member’s mortgages, intensifying his campaign on the central bank.

Federal Housing Finance Agency Director Bill Pulte urged Attorney General Pam Bondi to investigate Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees. Cook was nominated to the Fed by former President Joe Biden.

Trump said Wednesday that Cook “must resign now,” citing Pulte’s allegations, while the FHFA head posted on social media that the accusations give Trump “cause to fire” her.

The dollar declined, yields pared losses and gold rose after Trump’s call for Cook’s ouster.Pulte wrote a letter to Bondi and Justice Department official Ed Martin on Aug. 15 suggesting that Cook may have committed a criminal offense. The letter, which was first reported by Bloomberg News, alleges that Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.” The Justice Department has received the letter, according to an official, who declined to elaborate further.

Today's show features:

Bloomberg TV Radio International Economics and Policy Correspondent Mike McKee on President Donald Trump calling on Federal Reserve Governor Lisa Cook to resign
Bloomberg News Space Reporter Loren Grush on recent struggles at SpaceX
Bloomberg News US Finance Reporter Todd Gillespie on his story about Citigroup hiring a law firm to investigate complaints about the behavior of the bank's wealth-management chief
David Haber, General Partner at Andreessen Horowitz, and Bloomberg News Consumer Finance Reporter Paige Smith on opportunities in fintech-related venture capital

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ICYMI: Block Improving Profitability, Keeping Eye on Crypto

Wed, 20 Aug 2025 12:30:00 +0000

Block's next growth chapter will likely come from improving profitability, with greater engagement and product penetration among existing clients and better operating leverage. According to Bloomberg Intelligence, the stock's addition to the S&P 500 should accelerate passive investment flows. The Square Seller ecosystem is upselling to larger merchants, expanding overseas and leveraging Cash App to connect sellers and consumer platforms. Cash App is among the top US apps, with 57 million monthly actives in March. Direct deposits are gaining traction, and better unit economics can aid medium-term gross profit.

Amrita Ahuja, Chief Financial Officer and Chief Operating Officer of Block, discusses the company's trajectory as well as the importance of cryptocurrency - especially Bitcoin - to its customer base. Amrita speaks with Tim Stenovec, Emily Graffeo and Nina Trentmann on Bloomberg Businessweek Daily.

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Trump Says Putin, Zelenskiy Must Be Flexible as He Pushes Summit

Tue, 19 Aug 2025 21:31:07 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

Donald Trump urged Russia’s Vladimir Putin and Ukraine’s Volodymyr Zelenskiy to show some “flexibility” as the US president accelerates his efforts to end the war in Ukraine and encourages the two leaders to hold a bilateral summit.

“I hope President Putin is going to be good, and if he’s not, it’s going to be a rough situation,” Trump said Tuesday in an interview on Fox News. “I hope that Zelenskiy, President Zelenskiy, will do what he has to do. He has to show some flexibility also.”

Trump’s comments follow a whirlwind stretch as the US president pushes to bring Russia’s war against Ukraine — now in its fourth year — to an end. Trump held a summit in Alaska with Putin last week and talks at the White House with Zelenskiy and European allies on Monday.

Trump spoke with Putin again on Monday and urged him to begin making plans for a bilateral summit with Zelenskiy — a sitdown that would mark the first time those leaders meet face-to-face since Russia invaded its neighbor in Feb. 2022. Trump said that if that meeting goes well, he’ll look to follow up with a trilateral summit with Putin and Zelenskiy.

Today's show features:

Bloomberg News Senior Reporter Jen Dlouhy on President Donald Trump urging Vladimir Putin and Volodymyr Zelenskiy to show flexibility in pursuit of a deal to end the war in Ukraine
Bloomberg News Economic Statecraft Reporter Joe Deaux on President Donald Trump's willingness to use the US government to directly intervene in corporate matters
Abby Roach, Senior Portfolio Analyst for the Empiric LT Equity team at Allspring Global Investments on Home Depot earnings and the US consumer
Jai Patel, Chief Financial Officer for the MTA, on the state of the agency’s finances

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ICYMI: The Latino-Driven Economy

Tue, 19 Aug 2025 12:30:00 +0000

US Latino GDP currently stands at $4 trillion. If measured independently, the figure equates to the world's fifth-largest economy, exceeding that of the United Kingdom and France, and tying with India, which boasts a population 20 times larger.

Ana Valdez is the President and CEO of the nonprofit Latino Data Collaborative, which researches and highlights the vital contributions of US Latinos to the American economy. She breaks down the key sectors being driven by US Latinos, and explains why investors who’ve ignored this emerging demographic are leaving significant money on the table. Ana speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily.

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Trump Will Call Putin to Push for Trilateral With Zelenskiy

Mon, 18 Aug 2025 21:42:30 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump and Ukrainian leader Volodymyr Zelenskiy expressed optimism their summit with European leaders could result in trilateral talks with Vladimir Putin over ending the Russian leader’s war in Ukraine.

The White House meeting came days after the US president met Putin in Alaska. But while that gathering — which saw Trump say the onus was on Zelenskiy to end the three-year-long conflict — sparked concern among allies, Monday’s meeting provided Ukraine reason for hope.

Zelenskiy said he was encouraged that the US would participate in security guarantees as part of any peace deal, and signaled that Trump had agreed to a key ask: that discussion of territorial exchanges be reserved for direct talks with Putin. Trump signaled that he may be able to convince Russia to release as many as a thousand prisoners as a show of good faith.

More broadly, the two leaders — who have often struggled to work harmoniously since Trump’s return to power — spent the afternoon praising each other and underscoring the unity between Kyiv and Washington.

Today's show features:

Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on Monday's White House summit on Ukraine
Dr. Angela Stent, Senior Fellow at the Brookings Institution, on President Donald Trump’s meeting with Ukraine’s Volodymyr Zelenskiy and EU leaders
Andrew Krei, Co-CIO of Crescent Grove Advisors, on key macro trends to watch for the rest of 2025
Andy Marsh, CEO of Plug Power, on recent earnings, clean hydrogen production progress and the company securing a loan from the Department of Energy earlier this year

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ICYMI: The Race to Roll Out Solid-State Batteries

Mon, 18 Aug 2025 12:30:00 +0000

The US Department of Energy intends to offer funding opportunities totaling nearly $1 billion “to advance and scale mining, processing, and manufacturing technologies across key stages of the critical minerals and materials supply chains,” it said in a statement this week. The proposed funding is meant to accelerate the US critical minerals and materials sector and reduce reliance on foreign suppliers.

One of the companies impacted by this announcement is Factorial Energy, a producer of solid-state batteries that has partnered with automotive manufacturers such as Mercedes Benz, Stellantis and Hyundai. Dr. Siyu Huang, Factorial's founder and CEO, discusses the market landscape for critical minerals in the midst of a global trade war. Dr. Huang speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend -August 25th, 2025

Fri, 15 Aug 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Trump, Putin Convene at Ukraine Summit in Alaska

Fri, 15 Aug 2025 21:06:11 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump and Russian counterpart Vladimir Putin began discussions at a highly anticipated summit with the US leader looking to secure an end to the war in Ukraine.
Reporters later saw the two in a room with their aides, as the discussions formally began, but the leaders did not take any questions. Alongside Trump were US Secretary of State Marco Rubio and special envoy Steve Witkoff, while Putin was joined by Foreign Minister Sergei Lavrov and Kremlin foreign policy aide Yuri Ushakov.

Moments earlier, Trump had greeted Putin with a warm handshake and a pat on the arm in their first face-to-face encounter of the US president’s second term. The two leaders disembarked from their planes, walking across the tarmac to red carpets before meeting in a highly choreographed opening. Trump clapped as he watched Putin approach.

Trump and Putin paused for a moment to watch a flyover and the US president was seen putting his hand on the Russian leader’s back as they walked down a set of steps. The two leaders appeared to be engaged in friendly conversation as they entered the Beast, as the US president’s armored limousine is known, and departed.

The Russian leader was seen laughing as the vehicle departed as he began a visit that marked his first invitation to the US in nearly a decade.

Today's show features:

Elise Giuliano, Senior Lecturer in Political Science at Columbia University, on expectations for the Trump-Putin summit
Jimmy Lee, Founder and CEO of the Wealth Consulting Group, on the Federal Reserve, investing and asset allocation strategies
Monica Duffy Toft, Professor of International Politics for The Fletcher Schoo at Tufts University, on the next steps for Ukraine after the meeting between President Trump and Russia’s Vladimir Putin

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ICYMI: Why AI Won't Replace All the Coders

Fri, 15 Aug 2025 12:30:00 +0000

Creatio is a global software company specializing in low-code and no-code process automation for customer relationship management (CRM) and enterprise workflows with artificial intelligence tools increasingly playing a part. Millions of workflows are launched on the platform daily by thousands of clients across 100 countries, with a funding round completed in June 2024 having raised to company's value to $1.2 billion.

Katherine Kostereva, Creatio's founder and CEO, discusses the impact of AI on the tech labor landscape and why she believes the emerging technology won't negatively impact coders. Katherine speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Trump Administration Said to Discuss Taking Stake in Intel

Thu, 14 Aug 2025 21:29:59 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Trump administration is in talks with Intel Corp. to have the US government potentially take a stake in the beleaguered chipmaker, helping support the company’s effort to expand domestic manufacturing, according to people familiar with the plan.

The deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world’s largest chipmaking facility, though it’s been repeatedly delayed. The size of the potential stake isn’t clear.

The plans stem from a meeting this week between President Donald Trump and Intel Chief Executive Officer Lip-Bu Tan, the people said. The idea is for the US government to pay for the stake and details are being sorted out, one of the people said. Another cautioned that the plans remain fluid.

Today's show features:

Bloomberg News Senior Executive Editor for Global Tech Tom Giles and Deals Reporter Ryan Gould on the Trump administration entering talks with Intel Corp. to potentially take a stake in the company
Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on President Donald Trump’s comments ahead of his summit with Russia’s Vladimir Putin
Nicola Willis, Minister of Finance for New Zealand on the global trade war, golden visas and her nation’s economic outlook
Sarah Ponczek, Senior Vice President of Private Wealth Management for UBS Private Wealth Management, on markets and the Federal Reserve

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ICYMI: Apple’s AI Push to Hinge on Robots, Security, Lifelike Siri

Thu, 14 Aug 2025 12:30:00 +0000

Apple Inc. is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots, a lifelike version of Siri, a smart speaker with a display and home-security cameras.
A tabletop robot that serves as a virtual companion, targeted for 2027, is the centerpiece of the AI strategy, according to people with knowledge of the matter. The smart speaker with a display, meanwhile, is slated to arrive next year, part of a push into entry-level smart-home products.
Mark Gurman, Managing Editor for Global Consumer Tech for Bloomberg News, explains why home security is seen as another big growth opportunity for the tech giant. Mark speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Trump Issues Warning to Putin After Summit Prep With Europe

Wed, 13 Aug 2025 21:08:29 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump warned he would impose “very severe consequences” if Vladimir Putin didn’t agree to a ceasefire agreement later this week, following a call with European leaders ahead of his meeting with the Russian president.

Trump also said he hoped to use the Friday meeting to set up a “quick second meeting” with Ukrainian leader Volodymyr Zelenskiy after allies pressed him to push for such a summit.
“There’s a very good chance that we’re going to have a second meeting which will be more productive than the first,” Trump told reporters Wednesday at the Kennedy Center, adding that he was “setting the table for the second meeting."

The president’s remarks signaled both that he was looking to downplay expectations for the delivery of a full peace deal from his Anchorage, Alaska summit with Putin, and responding to concerns from his European partners who urged him to prioritize direct Putin-Zelenskiy talks. Skeptics of Trump’s effort have expressed concern that the US president — who has said an eventual deal would include territorial exchanges — could agree to peace terms proposed by Putin that would disadvantage Ukraine.

Today's show features:

Bloomberg News National Security Team Leader Nick Wadhams on expectations for Friday’s Alaska Summit between President Trump and Russia’s Vladimir Putin
Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch on how China has been preparing for a trade war with the US for decades
Bloomberg Intelligence Global Equity Strategist Gillian Wolff on the Wednesday trade
Gary Evans, Chairman and CEO of United States Antimony Corp., and Bloomberg News Economic Statecraft Reporter Joe Deaux, on the company's latest earnings and the critical minerals market

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ICYMI: AI Powers Green-Tech Surge

Wed, 13 Aug 2025 12:30:00 +0000

Green firms in the US have found something of a lifeline in artificial intelligence after being bogged down by high interest rates, shrinking funding and, more recently, President Donald Trump’s sharp rollback of support. Clean technology companies that have inked deals to support data centers have seen their stocks soar this year, outperforming the S&P 500. Nuclear power startup Oklo Inc.’s shares are up nearly 275% year-to-date while the stock price of fuel cell provider Bloom Energy Corp. has risen more than 80% as of Tuesday's US market close. Energy storage and clean power snagged the most public and private investment among climate tech sectors last quarter, according to BloombergNEF.

Dr. KR Sridhar, Founder, Chairman and CEO of Bloom Energy, discusses his company's place in the green technology landscape as well as its third straight quarter of record revenue and profits, which were reported in its most recent earnings on July 31. Dr. Sridhar speaks with Carol Massar and David Gura on Bloomberg Businessweek Daily.

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US Core CPI Picks Up on Services; Goods Inflation More Subdued

Tue, 12 Aug 2025 21:13:20 +0000

Watch Bloomberg Busine every day on YouTube: http://bit.ly/3vTiACF.

Underlying US inflation accelerated in July though the cost of tariff-exposed goods didn’t rise as much as feared, boosting expectations that Federal Reserve officials will lower interest rates when they meet next month.

The core consumer price index, which excludes the often volatile food and energy categories, increased 0.3% from June, the strongest pace since the start of the year, according to Bureau of Labor Statistics data out Tuesday. That was in line with economists’ forecasts, as was the overall CPI on a monthly basis.

The pickup in the core CPI was fueled by services prices. Excluding energy, they climbed the most since the start of the year. Airfares jumped by the most in three years, while medical care and recreation also advanced. Goods prices, excluding food and energy commodities, rose at a tame pace. Some categories exposed to tariffs, such as toys, sporting goods and household furnishings and supplies, continued to increase, albeit at a slower pace than the prior month. Meantime, used car prices rebounded from a series of declines.

The reacceleration in services costs, after months of more subdued prints, underscores the lingering difficulties in taming inflation. Economists and policymakers have been largely concerned about rising goods prices given President Donald Trump’s sweeping tariffs, but a pickup in consumer demand could fuel services inflation.

Today's show features:

Pooja Sriram, Vice President of US Economics Research at Barclays, on the latest US inflation print and Bloomberg TV Radio International Economics and Policy Correspondent Mike McKee on Federal Reserve and White House news
Shehzad Qazi, Chief Operating Officer and Managing Director of China Beige Book, on China’s response to what it calls US “protectionist measures,” and Bloomberg Economics Geo-Economic Analyst for Latin America Jimena Zuniga on
Brazil seeking support from BRICS partners for a joint response to US tariffs.
Bloomberg News Treasury Reporter Daniel Flatley and Bloomberg New Economy Reporter Editorial Director Erik Schatzker on their Bloomberg Big Take and upcoming Businessweek cover story on Treasury Secretary Scott Bessent

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ICYMI: Inspire Announces $200 Million Stock Buyback

Tue, 12 Aug 2025 12:30:00 +0000

Inspire is a medical technology company focused on the development and commercialization of innovative, minimally invasive solutions for patients with obstructive sleep apnea. Inspire’s proprietary Inspire therapy is the first and only FDA, EU MDR, and PDMA-approved neuro-stimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.
The company last week cut its revenue guidance for the full year, saying the US commercial launch for Inspire V is going slower than expected. On Monday, however, it announced a $200 million stock buyback plan, which representing 8.5% of the company's current market value, data compiled by Bloomberg show.

Tim Herbert, Inspire's Founder, Chairman, President and CEO discusses the reasons for the repurchase program and the health of the company overall. Tim speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Fed Chair Search Expands to Include Bowman, Jefferson and Logan

Mon, 11 Aug 2025 21:27:05 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Federal Reserve’s two vice chairs, Michelle Bowman and Philip Jefferson, and Dallas Fed President Lorie Logan are under consideration to serve as chair of the central bank when the position opens next year, according to two administration officials.

Treasury Secretary Scott Bessent, who is running the search, will interview additional candidates in the coming weeks, said the officials, who were granted anonymity to speak candidly about the process. The president is expected to make his final announcement this fall, they said.
Others who remain under consideration include Kevin Hassett, a close economic adviser to Trump, Fed Governor Christopher Waller, economist Marc Sumerlin and former Fed officials Kevin Warsh and James Bullard, the people said.

Last week, Trump nominated Stephen Miran, chair of the White House’s Council of Economic Advisers, to fill a seat on the Fed’s Board of Governors that expires at the end of January. The post opened when Adriana Kugler announced her early departure.

With Miran’s nomination headed to the Senate for confirmation, the Trump team doesn’t feel the need to rush the search for a chair, the officials said. Bessent will interview all the candidates for chair, and then make a recommendation to the president on a short-list to meet with, the officials said.

Today's show features:

Bloomberg Economics Editor Molly Smith on the week ahead in economic data
Ed Price, Senior Non-Resident Fellow at New York University and Former British Trade Official on the upcoming meeting between President Donald Trump and Russia’s Valdimir Putin in Alaska
Jordan Klein, Managing Director at Mizuho Securities USA, on the news that Nvidia and Advanced Micro Devices will pay 15% of their revenues from Chinese AI chip sales to the US government in order to secure export licenses.
Drive to the Close with Lauren Sanfilippo, Director, Senior Investment Strategist at Merrill and Bank of America Private Bank on the market and economic outlook

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ICYMI: Recruiting for AI Powered Solutions

Mon, 11 Aug 2025 12:30:00 +0000

Upwork Inc., the world’s largest human and AI-powered work marketplace, has facilitated more than $25 billion in economic opportunity for talent around the world. The online recruitment company this week reported second-quarter results that beat expectations and also raised its full-year forecast.
Erica Gessert, Upwork's Chief Financial, breaks down the latest numbers and discusses the recent acquisition of Bubty, as well as its agreement to acquire Ascen through Upwork’s new wholly-owned Enterprise subsidiary. The company sees the deals enhancing its offerings of full-stack, digitally native, end-to-end contingent work solutions for large enterprises. Erica speaks with Carol Massar, Jess Menton and Nina Trentmann on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - August 8th, 2025

Fri, 08 Aug 2025 22:00:00 +0000

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Fannie, Freddie $30 Billion IPO Being Weighed for This Year

Fri, 08 Aug 2025 21:19:19 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Trump administration is considering selling shares of Fannie Mae and Freddie Mac in an offering that could start as early as this year, according to senior administration officials.
The plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their stock with an offering expected to raise about $30 billion.
No final decision has been made and President Donald Trump is still weighing his options, one official said. The Wall Street Journal earlier reported the news.

Shares of both Fannie Mae and Freddie Mac surged as much as 22% in Friday trading, the most in more than two months.

The federal government bailed out the companies in September 2008 to stave off catastrophic losses during the financial crisis. Policymakers in Washington have struggled for years with what to do with the so-called government-sponsored enterprises. Congressional efforts to free the companies have repeatedly failed on concerns about the impact on mortgage costs and the firms’ commitment to affordable housing. One official said that Fannie and Freddie may stay in the conservatorship while being taken public.

Today's show features:

Bloomberg TV & Radio International Economics & Policy Correspondent Mike McKee on reports of the Trump Administration planning IPOs for Fannie Mae and Freddie Mac
Wendy Culter, Vice President at the Asia Society Policy Institute, on US trade policy news concerning India and China
Bloomberg News Jerusalem journalist Dan Williams on Israel's security cabinet approving an operation to take control of Gaza City
Mark Mahaney Senior Managing Director and Head of Internet Research at Evercore I-S-I ... On the Trump White House's impact on American tech companies

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ICYMI: Elanco Shares Jump After 2Q Beat-and-Raise Results

Fri, 08 Aug 2025 12:30:00 +0000

On Thursday, Elanco Animal Health shares climbed by the most intraday since May, after the animal health firm boosted its adjusted profit and revenue guidance for the full year, following better-than-expected second-quarter results. Bloomberg Intelligence sees the launches of dog medications Credelio Quattro and Zenrelia bolstering Elanco's broader portfolio, with a big portion of new customers buying multiple products.

Jeff Simmons, Elanco's President and CEO, breaks down the firm's strategic framework and explains why he sees sustainable value creation continuing for years to come. Jeff speaks with Carol Massar and Norah Mulinda on Bloomberg Businessweek Daily.

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Trump Names Miran to Fill Seat on Federal Reserve Board

Thu, 07 Aug 2025 21:34:31 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he had chosen Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor.

“He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job,” Trump said in a social media post.
Trump said that Miran, who will need to be confirmed by the US Senate, would only serve the expiring term of Fed Governor Adriana Kugler, which ends in January.
“In the meantime, we will continue to search for a permanent replacement,” Trump said. The Federal Reserve did not immediately respond to a request for comment.

Miran has been critical of the Fed’s track record in recent years. In a March 2024 paper, Miran and Dan Katz, now chief of staff at the Treasury Department, laid out a 24-page plan for reforming the Fed that blames policy errors at the central bank on “groupthink.” It also takes the Fed to task for having expanded into political areas that they argue are beyond its remit.

Today's show features:

Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on Federal Reserve
Bloomberg News US Semiconductor & Networking Reporter Ian King on President Donald Trump’s criticism of Intel CEO Lip-Bu Tan
Governor Christopher Waller emerging as a top candidate to serve as the central bank's next chair
Dr. Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies, and Bloomberg News Economic Statecraft Reporter Joe Deaux on the rare earth materials market
Dr. Angela Stent, Senior Fellow at the Brookings Institution, on the latest developments between the US and Russia surrounding the War in Ukraine

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ICYMI: MNTN's First Earnings Report

Thu, 07 Aug 2025 12:30:00 +0000

MNTN is redefining how brands use television by making TV advertising as measurable, precise, and performance-driven as Internet searches and social media. MNTN’s software is helping a new generation of marketers turn Connected TV into a core part of their growth strategy.

Mark Douglas, the company's founder, chairman and CEO, says he's bullish about the future of TV ads with MNTN developing new technologies and bringing on content creators to help small businesses build ads on streaming platforms. Mark speaks with Carol Massar and Matt Miller on Bloomberg Businessweek Daily

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Trump, Apple Announced Fresh $100 Billion US Investment

Wed, 06 Aug 2025 21:18:33 +0000

Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump announced that Apple Inc. will commit to spending another $100 billion on domestic manufacturing, the latest pledge by the tech giant to increase US production of its products as it seeks to avoid punishing tariffs on its flagship iPhones.

The announcement at the White House on Wednesday included a new manufacturing program designed to bring more of Apple’s supply chain to the US, with an eye toward assembling additional critical components domestically, according to a White House official who detailed the announcement on the condition of anonymity. Apple Chief Executive Officer Tim Cook attended the event.

The company had previously announced it plans to spend $500 billion in the US over the next four years, which will include work on a new server manufacturing facility in Houston, a supplier academy in Michigan and additional spending with its existing suppliers in the country. Wednesday’s announcement brings Apple’s cumulative commitment to $600 billion, the White House said.

Today's show features:

Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple’s $100 billion US investment and Tim Cook’s visit to the White House
Bloomberg Intelligence Global Equity Strategist Associate Gillian Wolff on her latest market research
Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan on Disney’s quarterly earnings report
Amy Rubenstein, CEO of Clear Investment Group, on the distressed real estate market

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ICYMI: Latin America's E-Commerce Empire

Wed, 06 Aug 2025 12:30:00 +0000

MercadoLibre Inc. investors brushed off a second-quarter report that missed estimates for profit, betting on the Latin American e-commerce giant’s long-term strategy.

The company’s earnings, released Monday evening, fell short of analyst estimates for net income, pressured by rising costs tied to an expansion of free-shipping policy in Brazil. Still, revenue growth remained strong and executives doubled down on their plans to keep expanding across the region.

Martin de los Santos, MercadoLibre's CFO, breaks down the quarter and the outlook for the $120 billion powerhouse. Martin speaks with Carol Massar, Matt Miller and Nina Trentmann on Bloomberg Businessweek Daily.

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Stocks Fall as US Services Flash Warning Signals

Tue, 05 Aug 2025 21:29:08 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

Stocks wiped out gains after data showed weakening US services amid sticky price pressures, raising concern about the Federal Reserve’s policy challenges. Short-dated Treasuries underperformed. Oil sank as Russia was said to mull an air-truce with Ukraine.

Following a rally that put S&P 500 on the brink of all-time highs, the benchmark lost steam. A gauge of chipmakers slid over 1% ahead of Advanced Micro Devices Inc.’s results. Two Chinese nationals were arrested this week on charges they sent tens of millions of dollars worth of advanced AI chips made by Nvidia Corp. to China in violation of US export restrictions, according to authorities.
A soft $58 billion sale of three-year notes kicked off a trio of US auctions this week. The yield on 10-year Treasuries was little changed at 4.20%, while those on two-year notes rose four basis points to 3.72%.

The US services sector stagnated as firms — faced with tepid demand and rising costs — reduced headcount. Data out last week showed weaker-than-expected jobs data while inflation-adjusted consumer spending barely rose.

President Donald Trump told CNBC that Treasury Secretary Scott Bessent said he did not want to be nominated to replace Jerome Powell as the next Fed chair. Trump also said that US tariffs on semiconductor and pharmaceutical imports would be announced “within the next week or so.”

Today's show features:

Joyce Huang, Senior Client Portfolio Manager for American Century Investments on the fixed income market
Bloomberg Senior Editor for Technology & Strategic Industries Michael Shepard on new tariff concerns on pharmaceuticals and semiconductors
Rick Smith, Founder and CEO of Axon, on earnings and the market for physical security tools and equipment
Bloomberg News Tech and Venture Capital Reporter Kate Clark on her Businessweek story: AI Founders Jump Ship for Big Tech, Leaving Colleagues Stranded

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ICYMI: How SparkCharge Is Taking EV Fleet Charging Off-Grid

Tue, 05 Aug 2025 12:30:00 +0000

SparkCharge bills itself as the “World's Largest Electric Vehicle Fleet Charging Network.” The company's mission is to revolutionize the EV charging industry by making charging faster, more accessible, and more sustainable. Through innovative technology and mobile solutions, SparkCharge says it seeks to empower businesses to charge anywhere, anytime — eliminating barriers to EV adoption and driving the world toward a cleaner, more electrified future.

Founder and CEO Josh Aviv details the company's growth trajectory and examines the demand for electric vehicles among Americans under the Trump administration. Josh speaks with Carol Massar and Matt Miller on Bloomberg Businessweek Daily.

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Wall Street Is Warning Investors to Get Ready for Stocks to Drop

Mon, 04 Aug 2025 21:50:17 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

A chorus of stock market prognosticators at some of Wall Street’s biggest firms is warning clients to prepare for a pullback as sky-high equity valuations slam into souring economic data.
On Monday, Morgan Stanley, Deutsche Bank AG and Evercore ISI all cautioned that the S&P 500 Index is due for a near-term drop in the weeks and months ahead. The predictions come after a furious rally from April’s lows that propelled the gauge to levels it has never seen before.
Morgan Stanley strategist Mike Wilson sees a correction of up to 10% this quarter as tariffs hit consumers and corporate balance sheets. Evercore’s Julian Emanuel is expecting a more substantial decline of as much as 15%. And a team at Deutsche Bank led by Parag Thatte notes that a small drawdown in equities is overdue considering they’ve been on a tear for over three months.

Today's show features:

Bill Smead, Founder, Chairman and CIO of Smead Capital Management, on concentration risk in markets
Joyce Mullen, President and CEO of Insight Enterprises, on recent earnings and customers putting off new projects and saving for future investments in AI
Aaron Jagdfeld, Chairman, President and CEO of Generac, on earnings, the state of manufacturing in America, and US trade policy impact
Kate Gulliver, Chief Financial Officer of Wayfair, on quarterly earnings and the health of the American consumer

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ICYMI: CraftCo. Navigating Crowded Spirits Market, Tariffs

Mon, 04 Aug 2025 12:30:00 +0000

Holland, Michigan-based CraftCo. Brands has a diverse portfolio of innovative distilled alcoholic beverages comprised of more than 30 spirits and liqueurs across the bourbon, gin, vodka, rye, and ready-to-drink categories. CraftCo. competes in an industry that is increasingly dominated by consolidation, the speed with which companies can get their products to the shelves, and ever-evolving trends.

Ali Anderson, the company's CEO, discusses the state of the alcohol industry, consumer habits and the potential impact of tariffs for her business. Ali speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - August 1st, 2025

Fri, 01 Aug 2025 22:30:00 +0000

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Trump Says He’ll Fire BLS Head After Weak Jobs Data

Fri, 01 Aug 2025 21:37:53 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he was directing officials to fire Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, hours after a report showed US job growth cooled sharply over the last three months.

“I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY,” Trump said on social media Friday, accusing her, without evidence, of politicizing the jobs report. “She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes.”

Friday’s jobs report from the BLS showed payrolls increased 73,000 in July after the prior two months were revised down by nearly 260,000. In the past three months, employment growth has averaged a paltry 35,000 — the worst since the pandemic.

BLS didn’t immediately respond to a request seeking comment. Former President Joe Biden nominated McEntarfer to head the statistical agency in 2023. She was confirmed in January of 2024, an election year, by a vote of 86-8, with then-Senator JD Vance voting “yea.”

Today's show features:

Bloomberg News Economic Editor Molly Smith and Bloomberg News Senior Editor, Equities Americas Eric Weiner on the week in markets, and President Donald Trump's move to fire the head of the Bureau of Labor Statistics
Bloomberg Intelligence Senior Defense Analyst Wayne Sanders on heightened tensions between the United States and Russia
Laura Martin, Senior Analyst at Needham & Company on this week's earnings from Apple, Meta and Amazon
Dr. Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on earnings from Exxon and Chevron, and the global energy trade

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ICYMI: Ambiq's Low-Power Chips Gain Wall Street's Favor

Fri, 01 Aug 2025 12:30:00 +0000

Ambiq Micro Inc. shares rose 61% in their first trading day, after the maker of ultra-low power semiconductors for AI applications raised $96 million in an upsized initial public offering. Shares of the Austin-based company closed at $38.53 each on Wednesday in New York, above the IPO price of $24 apiece.

Scott Hanson, the company's founder and Chief Technology Officer, discusses the firm's strong start in public markets, how US tensions with China impact its strategy, and the array of consumer products that operate using Ambiq's chips. Scott speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Instant Reaction: Amazon Falls After Earnings, Cloud Growth Spooks Investors

Thu, 31 Jul 2025 22:31:01 +0000

Amazon.com dropped in late trading after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals, leaving investors searching for signs that the company’s huge investments in artificial intelligence are paying off. Operating profit will be $15.5 billion to $20.5 billion in the period ending in September, compared with an average estimate of $19.4 billion. Sales will be $174 billion to $179.5 billion, the company said Thursday in a statement. Analysts, on average, expected $173.2 billion. Chief Executive Officer Andy Jassy is engaged in an AI infrastructure arms race with Microsoft Corp. and Alphabet Inc. that requires heavy spending on data centers. Both of those rivals earlier reported strong earnings showing they are benefiting from the AI boom.

For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:

Bloomberg Intelligence Senior Technology Analyst Anurag Rana
Bloomberg Intelligence Senior Analyst for E-commerce & Athleisure Poonam Goyal

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Apple Posts Massive Sales Beat While Amazon Underwhelms

Thu, 31 Jul 2025 21:31:49 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Apple Inc. reported third-quarter revenue that handily topped analysts’ estimates, boosted by surprisingly strong sales of the iPhone and products in China.
Revenue rose 9.6% to $94 billion in the period, which ended June 28, the company said in a statement Thursday. Analysts estimated $89.3 billion on average, according to data compiled by Bloomberg. Apple had projected a $900 million headwind from tariffs during the period, saying that revenue would grow in the low- to mid-single digits.

Though US tariffs are still expected to weigh on results in the long run, they likely provided a boon to Apple in the latest period — with consumers rushing to stores to get out ahead of expected price increases. The company also has been staging a comeback in China, a market where local phone brands have made inroads with consumers. Services were another bright spot for Apple last quarter, topping Wall Street projections.

Meanwhile Amazon.com Inc. projected operating income in the current quarter that fell short of analysts’ estimates, worrying investors that the tech giant is spending too much to keep up with competitors in the race for artificial intelligence.

Operating profit will be $15.5 billion to $20.5 billion in the period ending in September, compared with an average estimate of $19.4 billion. Sales will be $174 billion to $179.5 billion, the company said Thursday in a statement. Analysts, on average, expected $173.2 billion.
Chief Executive Officer Andy Jassy is engaged in an AI infrastructure arms race with Microsoft Corp. and Alphabet Inc. that requires heavy spending on data centers. Both of those rivals reported strong earnings earlier this week showing they are benefiting from the AI boom.

Today's show features:

Bloomberg Intelligence Senior Technology Analyst Anurag Rana and Senior Analyst for E-commerce & Athleisure Poonam Goyal on Amazon’s earnings
Ivan Feinseth, Chief Investment Officer and Research Director at Tigress Financial Partners, with reaction and analysis of Apple and Amazon earnings
Jayati Bharadwaj, Director of FX Strategy for TD Securities, on the recent US dollar rally
Bloomberg News US Legal Reporter Erik Larson on US Justice Department lawyers defending President Donald Trump's authority to impose global tariffs at a hearing in Washington

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ICYMI: Waste Management COO John Morris

Thu, 31 Jul 2025 12:30:00 +0000

Waste Management beat Wall Street's sales and earnings targets for Q2. The company raised its full-year free-cash-flow target. While management lowered its sales target for the year, margins are coming in better than previously anticipated.

John Morris, President and Chief Operating Officer of WM, speaks on the company's quarterly earnings and technological advancements at the firm

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Fed Holds Interest Rates Before Microsoft and Meta Report Earnings

Wed, 30 Jul 2025 21:45:38 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Federal Reserve Chair Jerome Powell said interest rates are in the right place to manage continued uncertainty around tariffs and inflation, tempering expectations for a rate cut in September.
“There are many, many uncertainties left to resolve,” Powell told reporters Wednesday following the central bank’s decision to once again keep rates unchanged. “It doesn’t feel like we are very close to the end of that process.”

The Federal Open Market Committee voted 9-2 to hold its benchmark federal funds rate in a range of 4.25%-4.5%, as they have at each of their meetings this year. Governors Christopher Waller and Michelle Bowman voted against the decision in favor of a quarter-point cut.
Meanwhile Meta Platforms Inc. topped projections for second-quarter sales and gave a stronger-than-expected forecast for the current period, a sign that the social media company’s advertising business is still growing quickly enough to support aggressive spending on artificial intelligence. The social media giant, which owns Instagram and Facebook, reported second-quarter revenue of $47.5 billion.

As for Microsoft Corp., it was another better-than-expected quarter for growth in its cloud business and the company said spending on AI infrastructure hit a record. The closely watched Azure cloud-computing unit posted a 39% rise in sales during Microsoft’s fiscal fourth quarter, the company said in a statement on Wednesday. Analysts projected 34% revenue growth.

Today's show features:

Karen Veraa-Perry, Head of US iShares Fixed Income Strategy at BlackRock on the Federal Reserve’s rate decision
Dan Ives, Global Head of Technology Research at Wedbush Securities, and Bloomberg Intelligence Global Head of Technology Research Mandeep Singh on Meta earnings
Greg Halter, Director of Research at Carnegie Investment Counsel, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana on Microsoft earnings

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Instant Reaction: Microsoft & Meta Soar After Strong Earnings

Wed, 30 Jul 2025 21:36:30 +0000

Microsoft reported better-than-expected growth in its cloud business and said spending on AI infrastructure hit a record. The closely watched Azure cloud-computing unit posted a 39% rise in sales during Microsoft’s fiscal fourth quarter, the company said in a statement on Wednesday. Analysts projected 34% revenue growth. The shares rose about 7% in extended trading after closing at $513.24 in New York. The company’s stock was up about 22% this year through the Wednesday close.

Meta also reported results that sent shares higher after the close. Meta topped projections for second-quarter sales and gave a stronger-than-expected forecast for the current period, a sign that the social media company’s advertising business is still growing quickly enough to support aggressive spending on artificial intelligence. Shares jumped as much as 10% in late trading. Third-quarter sales will be $47.5 billion to $50.5 billion, Meta said in a statement Wednesday, with the midpoint of that range exceeding the average analyst estimate of $46.2 billion, according to data compiled by Bloomberg. The social media giant, which owns Instagram and Facebook, reported second-quarter revenue of $47.5 billion. Meta stock was up 18.7% so far this year before Wednesday’s report.

For instant reaction and analysis to earnings for both big tech companies, hosts Carol Massar and Tim Stenovec speak with:

Dan Ives, Global Head of Technology Research at Wedbush Securities
Bloomberg Intelligence Senior Technology Analyst Anurag Rana
Greg Halter, Director of Research at Carnegie Investment Counsel

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ICYMI: AstraZeneca Profit, Revenue Lifted by Cancer Drugs

Wed, 30 Jul 2025 12:30:00 +0000

AstraZeneca Plc reported better-than-expected sales and rising profit for the second quarter, spurred by its stable of cancer medicines and growth in the US.

Revenue climbed 12% to $14.5 billion, the UK drugmaker said Tuesday, beating estimates. Earnings per share excluding some items rose 10% to $2.17, as expected. Under Chief Executive Officer Pascal Soriot’s watch, Astra has turned into an oncology powerhouse and is increasingly focused on the US. Pascal discusses his company's strong quarterly performance and the state of the pharmaceutical industry with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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US, China Agree to Continue Talks on Tariff Truce Extension

Tue, 29 Jul 2025 20:58:25 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Treasury Secretary Scott Bessent said that the US and China will continue talks over maintaining a tariff truce before it expires in two weeks and that President Donald Trump will make the final call on any extension.

Bessent, who led the US delegation with Trade Representative Jamieson Greer, said in Stockholm that he’ll brief Trump on Wednesday on the remaining issues.

“There’s still a couple of technical details to work out,” Bessent told reporters Tuesday, after two days of meetings with officials from Beijing led by Vice Premier He Lifeng.
On the heels of Washington’s preliminary tariff deals with Japan and the European Union, Bessent said his Chinese counterparts were “more of a mood for a wide-ranging discussion.”

The third round of US-China trade talks in less than three months wrapped up ahead of an Aug. 12 deadline to resolve differences during a 90-day suspension of sky-high tariffs that threatened to cut off bilateral trade between the world’s largest economies.
Adding an extra 90 days is one option, Bessent said.

Chinese trade negotiator Li Chenggang told reporters that both sides agree on maintaining the truce, without elaborating on how long. He added that the conversations in the Swedish capital were candid, in-depth and geared for continued close communication.

Today's show features:

Bloomberg News Europe Correspondent Oliver Crook on the latest from US-China trade talks in Stockholm, Sweden
Danielle DiMartino Booth, CEO and Chief Strategist at QI research, on the latest FOMC meeting
Bloomberg News Boston Bureau Chief Brooke Sutherland on Boeing and UPS earnings, as well as the $72 billion megadeal between Union Pacific and Norfolk Southern
Kabir Nath, Chief Executive Officer of Compass Pathways, on the pursuit of FDA approval of the first psychedelic treatment for certain people living with depression

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ICYMI: Dallas Mavericks Embracing the Cooper Flagg Era

Tue, 29 Jul 2025 17:00:00 +0000

The NBA's Dallas Mavericks are entering a new era with top overall draft pick Cooper Flagg joining a veteran roster that appears poised to bounce back from a disappointing end to last season. The team will also look to move past the largely negative reaction from its fanbase related to the trade of superstar Luka Doncic to the Los Angeles Lakers.

Rick Welts, the Basketball Hall of Fame executive who now serves as the Mavericks' CEO, discusses the outlook for team, the franchise's plans for a new arena and the league's changing media landscape with Carol Massar, Tim Stenovec and Julie Fine on Bloomberg Businessweek Daily.

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EU Leaders Defend US Deal as German Industry Voices Concerns

Tue, 29 Jul 2025 12:25:24 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

European capitals defended the trade deal struck with President Donald Trump, which will see the European Union accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero.

European Commission President Ursula von der Leyen, who met with Trump in his golf club in Turnberry, Scotland, on Sunday, hailed the agreement for the stability and predictability it will offer businesses and consumers. The EU knew that the deal would favor the US, but von der Leyen urged reporters to “not forget where we came from,” referencing tariff rates Trump threatened that were as high as 50%.

The lower rate came as a relief to member states that are dependent on exports, especially Germany, which exported $34.9 billion of new cars and auto parts to the US in 2024.
“The agreement has succeeded in averting a trade conflict that would have hit the export-oriented German economy hard,” German Chancellor Friedrich Merz said in a statement late Sunday. “This has enabled us to safeguard our core interests, even if I would have liked to have seen further easing in transatlantic trade.”

Without a deal, Bloomberg Economics estimated that the total US average effective tariff rate would rise to nearly 18% on Aug. 1 from 13.5% under current policies. The new deal brings that number down to 16%. Prior to Trump’s latest trade fight, the EU estimated the average tariff rate to be about 1% on both sides.

Today's show features:

Nancy Lazar, Chief Economist for Piper Sandler, on the global economic outlook and trade balance in the wake of the US trade deal with the European Union
Andrew Bishop, Senior Partner and Global Head of Policy Research at Signum Global Advisors on the pending resumption of US-China trade talks
Bloomberg News Israel Bureau Chief Ethan Bronner on President Donald Trump’s latest comments on the situation in Gaza
Andrejka Bernatova, Founder and CEO of Dynamix, on her firm’s business combination agreement with The Ether Reserve

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ICYMI: Trump’s Fed Building Tour Ends With a Relief Signal for Powell

Mon, 28 Jul 2025 12:30:00 +0000

President Donald Trump’s unprecedented walk-through of the Federal Reserve’s now-controversial building renovation project with Jerome Powell ended with a sign of relief for the central bank chief who’s been under pressure for months to slash interest rates.
There’s “no tension” with Powell, Trump said after the Thursday tour — which featured the two men publicly trading barbs over the cost of a project that the president’s allies have used to blast the Fed chair’s leadership.

The president indicated that problems with the project probably weren’t reason enough to fire the central bank head. “To do that is a big move, and I just don’t think it’s necessary,” he told reporters.
Rob Kaplan, Vice Chairman of Goldman Sachs and former President and CEO of the Federal Reserve Bank of Dallas, discusses the implications of White House pressure on the US central brank to ease monetary policy, as well as the nation's macroeconomic outlook. Rob speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - July 25th, 2025

Fri, 25 Jul 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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EU’s Von der Leyen to Meet Trump in Bid to Clinch Trade Deal

Fri, 25 Jul 2025 20:56:43 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as the two sides aim to conclude a trade deal ahead of an Aug. 1 deadline when 30% tariffs on the bloc’s exports are otherwise due to kick in.
After months of talks and shuttle diplomacy between Brussels and Washington DC, the two sides have been zeroing in on an agreement this past week that would see the EU face 15% tariffs on most of its trade. Limited exemptions are expected for aviation, some medical devices and generic medicines, several spirits, and a specific set of manufacturing equipment that the US needs, Bloomberg previously reported.

Steel and aluminum imports would likely benefit from a quota under the arrangements under discussion but above that threshold they would face a higher tariff of 50%.
“We’ll see if we make a deal,” Trump said as he arrived in Scotland on Friday. “Ursula will be here, highly respected woman. So we look forward to that.”
Trump reiterated that he believed there was “a 50-50 chance” of a deal with the EU, saying there were sticking points on “maybe 20 different things” that he did not want to detail publicly.

Today's show features:

Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on Friday’s economic data and reaction to President Donald Trump’s visit to the Federal Reserve
Kathryn Judge, Harvey J. Goldschmid Professor of Law at Columbia Law School on the Trump vs. Powell saga
Christina Padgett, Associate Managing Director, Head of Leveraged Finance Research and Analytics with Moody’s, on the private credit market
Francis deSouza, Chief Operating Officer at Google Cloud on the business unit’s next wave of growth and AI product strategy

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ICYMI: Microsoft Warns of Ransomware Hacks as SharePoint Fallout Grows

Fri, 25 Jul 2025 12:30:00 +0000

Microsoft Corp. said a Chinese hacking group is exploiting security vulnerabilities in the company’s SharePoint servers to deploy ransomware, following a cyberattack discovered last week that has affected hundreds of entities around the world. The group, which Microsoft has named Storm-2603, has a history of waging ransomware attacks, which use malicious software to lock down computers and render them inoperable. Ransomware groups usually then demand payment from their victims to unlock the computers.

Jennifer Ewbank, a veteran CIA operations officer who rose to become Deputy Director for Digital Innovation, now advises companies and clients on cyber resilience, digital transformation, and geopolitical risk through her company, Andaman Strategic Advisors. Jennifer examines today's pressing national security and tech issues, including the Microsoft SharePoint breach, with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Instant Reaction: Trump, Powell Discuss Rates, Clash on Cost of Fed Renovations

Thu, 24 Jul 2025 22:04:44 +0000

Donald Trump downplayed jostling with Federal Reserve Chairman Jerome Powell over cost overruns during a tour of the central bank’s renovation project, even as he used the interaction to again push for lower interest rates.

After a tour that saw Trump and Powell publicly trade barbs over the cost of the project, Trump maintained there was no tension with the Fed chief and indicated that problems with the project probably weren’t reason enough to fire the central bank head.

But the remarkable tour still saw the president joke that he might ordinarily fire a project manager who oversaw similar cost overruns and again rib Powell — who for months has faced presidential criticism — over interest rates.

For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:

Bloomberg News senior editor Wendy Benjaminson
Bloomberg News Federal Reserve Reporter Jonnelle Marte on President Donald Trump's visit to the Federal Reserve and Chairman Jerome Powell

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Trump Pushes Powell on Interest Rates as They Tour Fed Building

Thu, 24 Jul 2025 21:24:34 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump and Federal Reserve Chairman Jerome Powell clashed over the central bank’s renovation project during a tour of the construction site on Thursday.

The pair spoke to reporters during a visit to oversee the restoration work being done at the central bank’s headquarters, with the president and the central bank leader almost immediately arguing over the cost of the project.

Powell pushed back on Trump’s claims that the costs had hit $3.1 billion, shaking his head while the president spoke about the overruns. Powell then told the president his revised claim included a building that had already been completed.

Trump, asked by a reporter what he would do if a manager on one of his construction projects had gone over budget, replied bluntly.
“Generally speaking, what would I do?” Trump said. “I’d fire ‘em.”
The president also nodded to his months-long criticism over the central bank’s decision to hold rates steady, which Powell has justified by citing concerns over the potential inflationary impacts of the president’s tariff hikes.
“Well, I’d love him to lower interest rates. Other than that, what can I tell you?” Trump said.
Powell laughed as Trump knocked him on the arm. The president added that he did not “want to be personal.”

Today's show features:

Bloomberg News Federal Reserve Reporter Jonnelle Marte on President Donald Trump's visit to the Federal Reserve and Chairman Jerome Powell
Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners on Intel’s quarterly earnings
Laura Martin, Senior Analyst at Needham & Company with a recap of Alphabet’s earnings and a look ahead to Apple's upcoming results
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, on Tesla’s earnings and outlook

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ICYMI: Big Moves in Big Apple Real Estate

Thu, 24 Jul 2025 12:30:00 +0000

American real estate firm Brown Harris Stevens believes that despite recent political noise, New York remains one of the most resilient markets in the world. The company says buyers are tracking listings closely, waiting for movement, and responding quickly to value. Even modest price adjustments are sparking renewed interest, with previously quiet listings drawing multiple full-price offers.

Louise Phillips Forbes is a top producing agent at Brown Harris Stevens and a 34-year industry leader with nearly $6 billion in sales and a list of awards and accolades to her credit. Louise speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Instant Reaction: Tesla's Earnings Miss Wall Street Expectations

Wed, 23 Jul 2025 21:43:05 +0000

Tesla fell short of Wall Street’s expectations in one of the automaker’s worst quarters in years, a sign of the toll that rising competition and a backlash against Chief Executive Officer Elon Musk have taken on the company. Adjusted earnings were 40 cents per share, Tesla said Wednesday in a statement, just below the average analyst estimate. Revenue fell 12% to $22.5 billion, the sharpest decline in at least a decade.

Still, the report was free of new bombshells and the company said it continues to move forward with robotaxi and affordable-vehicle plans, providing a measure of relief for investors. That comes “despite a sustained uncertain macroeconomic environment resulting from shifting tariffs, unclear impacts from changes to fiscal policy and political sentiment,” Tesla said.

For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:

Bloomberg Intelligence Global Autos and Industrials Research Manager Steve Man
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management

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Tesla’s Sales Fall Most in a Decade, Alphabet Boosts Guidance for 2025 Spending

Wed, 23 Jul 2025 21:30:59 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Tesla Inc. fell short of Wall Street’s expectations in one of the automaker’s worst quarters in years, a sign of the toll that rising competition and a backlash against Chief Executive Officer Elon Musk have taken on the company.

Adjusted earnings were 40 cents per share, Tesla said Wednesday in a statement, just below the average analyst estimate. Revenue fell 12% to $22.5 billion, the sharpest decline in at least a decade.
Still, the report was free of new bombshells and the company said it continues to move forward with robotaxi and affordable-vehicle plans, providing a measure of relief for investors. That comes “despite a sustained uncertain macroeconomic environment resulting from shifting tariffs, unclear impacts from changes to fiscal policy and political sentiment,” Tesla said.
The revenue drop was due to a decline in vehicle deliveries, lower regulatory credit revenue and a lower average selling price for its cars. Tesla also reported a decline in energy generation and storage revenue. The company did see a boost from the business segment that includes its supercharging network.

Meanwhile, Alphabet Inc. reported strong second-quarter revenue growth but said 2025 capital expenditures will be $10 billion greater than an earlier forecast, intensifying pressure on the company to justify investments it’s making to keep up in the AI race.
Shares slipped about 1.6% in late trading after the search giant, which owns Google, said capital expenditures will rise to $85 billion, compared with the $75 billion the company guided earlier this year.

Second-quarter sales, excluding partner payouts, climbed to $81.7 billion, the company said Wednesday in a statement. Analysts had projected $79.6 billion on average, according to data compiled by Bloomberg.

Today's show features:

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, discusses Tesla earnings and Elon Musk’s future
Brent Thill, Senior Technology Research Analyst with Jefferies, and Bloomberg Intelligence Global Head of Technology Research Mandeep Singh break down Alphabet’s latest earnings
Mike Cordonnier, Co-Founder, CEO and President of Carlsmed on the first day of trading for his company, with Bloomberg News Equities Reporter Natalia Kniazhevich
Kristi Govella, Senior Adviser and Japan Chair at the Center for Strategic and International Studies (CSIS), on the US-Japan trade deal

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ICYMI: US Housing Market Awaits Interest-Rate Clarity

Wed, 23 Jul 2025 12:30:00 +0000

Ballast Rock Asset Management, the $600 million registered investment advisor, sees interest rates staying higher for longer in the United States. The firm says multifamily technical indicators remain strong relative to other real estate asset classes with new-unit deliveries in 2026 expected to be half of the 10-year average, while the capacity to support higher rents remains robust after years of wage growth.

Thomas Carroll, the founder and CEO of Ballast Rock, examines the market forces affecting US housing, and offers his take on several alternative investment strategies. Tom speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Meme Stock Fever Is Spreading Like It’s 2021 With Kohl's Soaring

Tue, 22 Jul 2025 21:25:39 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Stocks are at all-time highs. Chatter on WallStreetBets is surging. Retail traders are flooding into low-priced shares.

It’s not 2021, and the shares of the moment aren’t GameStop Corp., AMC Entertainment Holdings Inc. or the now-bankrupt Bed Bath & Beyond. In 2025’s meme stock mania, the companies du jour are Opendoor Technologies Inc. and Kohl’s Corp.
The similarities are clear: Like the episode four years ago, which famously led Gabe Plotkin to shutter his hedge fund Melvin Capital Management, amateur traders are piling into heavily shorted companies with low share prices in a bid to strike quick riches. And, as was the case back then, it comes at a time of broad market euphoria: the S&P 500 is at an all-time high, Bitcoin has doubled in less than year and blank-check companies are all the rage again.

Today's show features:

Eric Jackson, Founder and President of EMJ Capital, on the latest rally in so-called “meme stocks” specifically Opendoor Technologies
Bloomberg Businessweek Senior Reporter Max Chafkin on SpaceX warning investors that Elon Musk could return to US politics
Monica Guerra, Executive Director and Head of US Policy for Morgan Stanley Wealth Management on the impact of tariffs on the economy and markets amid US dollar weakness
Leo Kelly, CEO of Verdence Capital Advisors, on markets and the Federal Reserve’s path forward

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ICYMI: Ireland's International Reach

Tue, 22 Jul 2025 12:30:00 +0000

US President Donald Trump has threatened to impose 30% tariffs on European Union goods. Brussels says it still wants to negotiate, but it is also reportedly preparing a plan in case of no deal. Could the EU mount a meaningful response? Yes, by targeting US services, where America runs a trade surplus.

The challenge: getting key EU member states to overcome fears of provoking a broader escalation.
Darragh O’Brien, Minister for Transport, Climate, Energy and the Environment for the Republic of Ireland, offers his assessment of the critical trade talks, his nation's importance to the global investing landscape, and Ireland’s sustainable energy plans as its data center installations continue to proliferate. Darragh speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Stock Rally Wanes, But S&P 500 Closes Above 6,300

Mon, 21 Jul 2025 21:35:14 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The start of a busy week for Corporate America saw stocks giving up most of their gains, with traders looking for signs of resilience in earnings amid tariff risks. Treasury yields fell alongside the dollar.

While the S&P 500 closed above 6,300 for the first time, the equity benchmark rose just 0.1%. Energy shares joined a decline in oil amid lingering worries about crude demand. A gauge of the “Magnificent Seven” megacaps outperformed, with Tesla Inc. and Google parent Alphabet Inc. due to report results this week. The stakes will again be high as traders look for updates on artificial-intelligence spending. Nvidia Corp. fell.

Gains in Treasuries were led by longer maturities, with the 30-year yield slipping four basis points to 4.95%. The greenback dropped against all of its developed-world peers. The yen climbed as Japan’s Prime Minister Shigeru Ishiba said he would carry on as leader even as the ruling coalition lost its majority in the upper house election.

Investors will also keep a close eye on tariff headlines. President Donald Trump may issue more unilateral tariff letters before Aug. 1, White House Press Secretary Karoline Leavitt said. More trade deals may also be reached before the deadline, she added.

Today's show features:

Alan Zafran, Co-Founder and Managing Partner of IEQ Capital on return of the bull market
Bloomberg Businessweek Senior Reporter Max Chafkin on his Bloomberg Big Take, co-written with Ed Ludlow: Elon Musk’s Empire Is Creaking Under the Strain of His Antics
Dr. Rebecca Homkes, Lecturer at the London Business School on business planning amid geopolitical uncertainty
Bloomberg News Telecom Reporter Kelcee Griffis on Verizon’s earnings beat and boosted profit outlook

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ICYMI: Huntington Banking on Texas

Mon, 21 Jul 2025 12:30:00 +0000

It was big week for Huntington Bancshares, which agreed to buy Veritex Holdings for $1.9 billion in stock, expanding its presence in Dallas, Fort Worth and Houston. The acquisition is aimed at accelerating Huntington's organic growth initiatives in high-growth Texas markets. Meanwhile the Ohio-based lender also reported strong quarterly earnings, reflecting growth in loans and deposits, sustained strong revenue and profit growth, as well as continued excellent credit performance

Zach Wasserman, CFO of Huntington Bancshares, explains why Texas is so important to his the company's broader strategy, and also addresses what uncertainty over Federal Reserve policy and leadership mean for the financial sector. Zach speaks with Tim Stenovec, Sonali Basak and Nina Trentmann on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - July 18th, 2025

Fri, 18 Jul 2025 22:00:00 +0000

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Trump Signs Stablecoin Bill, Delivering Win for Crypto Industry

Fri, 18 Jul 2025 21:05:00 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” and delivering a major victory for the digital asset industry.

“The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins,” Trump said Friday at a White House ceremony. “This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.”

The measure sets regulatory rules for US dollar-backed stablecoins, including a requirement for firms to hold dollar-for-dollar reserves in short-term government debt or similar products overseen by state or federal regulators. Advocates see it as allowing for the broader adoption of digital assets in finance. Senior Treasury officials who briefed reporters on the bill earlier Friday on condition of anonymity said it would provide more certainty to stablecoin issuers, allow for innovation in and adoption of digital assets and help extend the dominance of the US dollar. They said it would provide issuers with strict requirements for backing stablecoins with cash or short-term Treasury debt.

Today's show features:

Frank Speiser, CEO of Metafide on “Crypto Week” and the US Congress passing the first federal legislation to regulate stablecoins
Katie Hubbard, EVP of Capital Markets for Walton Global on housing data and the US real estate market
Bloomberg News White House Editor Jordan Fabian with the latest from the White House including and President Trump seeking the release of grand jury testimony from the prosecution of Jeffrey Epstein
Gerard Cassidy, Head of US Bank Equity Strategy and Large Cap Bank Analyst at RBC Capital Markets with a recap of this week’s financial sector earnings

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ICYMI: Tiffany Angers Rich Clients Who Wanted to Buy a Rare Patek Watch

Fri, 18 Jul 2025 12:30:00 +0000

A few years ago, Tiffany & Co. began offering a limited edition Patek Philippe Nautilus 5711 with a dial in the jeweler’s signature robin’s-egg blue. Patek crafted 170 of them, a tribute to the number of years the brands had worked together. Tiffany’s hope was that the buzzy timepiece would help attract – and retain – high-end shoppers who weren’t already regular customers.

Yet the Blue Dial — as it became known — was never for sale in the traditional sense. Demand was so high that Tiffany executives, including Americas head Christopher Kilaniotis, realized clients would be willing to spend millions of dollars on other jewelry for the chance to buy the coveted watch, which was priced at $52,635.

Bloomberg News consumer reporter Jeannette Neumann details the fallout after salespeople at the iconic jeweler were reportedly instructed to guide wealthier patrons toward spending $2 million to $3 million with no guarantee of access to the coveted timepiece. Jeannette speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily.

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Netflix Tops Wall Street’s Lofty Expectations, Raises Forecast

Thu, 17 Jul 2025 21:20:33 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

While rival media companies are unloading assets and cutting costs, Netflix Inc. continues to thrive.
The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins.

The second quarter is historically slow for Netflix, which typically adds more customers at the beginning and end of the year. But the company released a steady slate of popular shows, including two of the most-watched titles of the year — the third season of Ginny & Georgia and the final season of Squid Game. The company also benefited from a weaker dollar. More than two-thirds of its customers live outside the US.

Shares of Netflix have nearly doubled over the past year and the company’s market value tops $500 billion. That makes Netflix worth more than Walt Disney Co., Comcast Corp. and Warner Bros. Discovery Inc. combined.

While investors used to judge Netflix by the number of subscribers it added in any given quarter, the company has stopped disclosing how many customers pay for its service, directing them to focus on more traditional metrics such as sales and profit.
Netflix expects to generate up to $45.2 billion in sales this year and says its operating margin is now forecast to hit 29.5%. Net income is on track to exceed $10 billion for the first time, thanks to exchange rates that will boost sales and a strong slate of programs. The second-half schedule includes new seasons of the hit shows Stranger Things and Wednesday, as well as movies such as Happy Gilmore 2.

Today's show features:

Mark Douglas, CEO of MNTN on Netflix earnings and the streaming giant’s advertising strategy
Bloomberg News Economics Editor Molly Smith on monthly retail sales and imports data, as well as weekly jobless claims figures
Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan with a roundup of regional bank earnings out this week
John Gates, CEO, Leasing Advisory, Americas at JLL on the company's Q2 2025 “US Office Market Dynamics Report”

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ICYMI: Flying High in the Steel City

Thu, 17 Jul 2025 12:30:00 +0000

Pittsburgh International Airport is in the midst of a transformation aimed at meeting the needs of the Pittsburgh region through a $1.7 billion modernization comprised of a new terminal, new parking complex and extensive improvements to existing facilities. This project has generated billions of dollars for the region as well as 14,300 jobs.

Christina Cassotis, CEO of the Allegheny County Airport Authority, which is the agency that oversees developments at Pittsburgh's main airport, discusses the region's viability as a national hub for energy production and infrastructure, and why the modernization efforts will help solidify that trend. Christina speaks with Tim Stenovec and Isabelle Lee on Bloomberg Businessweek Daily.

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Trump Denies Plan to Ax Powell After Floating Idea to Lawmakers

Wed, 16 Jul 2025 21:22:43 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump denied he is seeking to remove Federal Reserve Chair Jerome Powell, after raising the idea in a closed-door meeting with congressional Republicans that leaked to the media.
“No, we’re not planning on doing anything,” Trump told reporters on Wednesday. He later added, “I don’t rule out anything, but I think it’s highly unlikely, unless he has to leave for fraud.”

A White House official, speaking on the condition of anonymity earlier Wednesday, said they expected Trump to soon move against the Fed chief after his meeting with members of Congress visiting the White House to discuss cryptocurrency legislation. Some lawmakers also left that Tuesday evening meeting with that impression, and Trump acknowledged that he had polled the participants about dismissing Powell.

The president’s remarks in the Oval Office left open the possibility of ousting Powell for cause. Trump and his allies have lambasted the Fed chair over the central bank’s decision to hold interest rates steady and the cost of the central bank’s renovations of its Washington headquarters.

Today's show features:

Lael Brainard, Distinguished Fellow at the Georgetown Psaros Center for Financial Markets and Policy and Former Vice Chair of the Federal Reserve, on President Donald Trump's continued pressure on Fed Chair Jerome Powell
Ken Leon, Director of Equity Research at CFRA on bank earnings from Goldman Sachs, Morgan Stanley and Bank of America
Simeon Hyman, Global Investment Strategist at ProShares on his firm’s mid-year outlook for markets and the economy
Dr. Gracelin Baskaran, Director, Critical Minerals Security Program and Center for Strategic and International Studies on the booming market for rare-earth materials, including Apple’s $500 million deal to buy them from MP Materials

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ICYMI: The Business of Risk

Wed, 16 Jul 2025 12:30:00 +0000

AXIS is a global specialty commercial insurer that covers risks for businesses that can’t normally obtain standard insurance coverage. The commercial reinsurer boasts customers spanning a range of industries. Examples of the specialty coverage lines at AXIS include property, casualty, cyber, marine, energy, accident & health, sports insurance, terrorism, aviation, as well as coverage for the directors and officers of companies.

Vince Tizzio, the president and CEO of AXIS, discusses his company's risk mitigation strategy and how factors such as climate change can impact his business. Vince speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily.

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Nvidia’s Huang Wins China Reprieve in Rare Trade War Reversal

Tue, 15 Jul 2025 21:13:04 +0000

Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF.

Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.
Then, very suddenly, that all changed.

Late on Monday, the chipmaker said it received assurances that the US government would allow it to export some chips to the Asian nation. Advanced Micro Devices Inc., Nvidia’s chief rival, quickly followed with a similar announcement. These export license approvals could generate billions of dollars in total revenue for the companies this year — and they mark a dramatic reversal after the Trump administration said the issue wasn’t even up for debate.

Huang has taken almost every opportunity available to him — from the stage of tech events to Washington visits — to argue that a crackdown on China is counterproductive. During his appearances, he navigated a fine line between praising Trump policies aimed at bringing back chip manufacturing to the US and demanding more freedom to do business in China.
Just last week, Huang met with President Donald Trump at the White House.

Today's show features:

Bloomberg News US Semiconductor & Networking Reporter Ian King on the news that Nvidia and AMD can resume AI chip sales to China
Jayati Bharadwaj, Director in FX and EM Strategy at TD Securities on the US dollar’s reaction to June inflation data
David George, Senior Research Analyst at Baird on the initial wave of quarterly bank earnings
Bloomberg News Health Reporter Madison Muller on her Businessweek feature story on efforts by Hims & Hers Health to cash in on the GLP-1 drug craze

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ICYMI: Supreme Court Lets Trump Continue Education Department Purge

Tue, 15 Jul 2025 12:30:00 +0000

A divided US Supreme Court let President Donald Trump resume dismantling the Department of Education, lifting a lower court order that required the reinstatement of as many as 1,400 workers.

Granting an emergency request from the administration, the justices put on hold a federal district court ruling that said the Trump purge would leave the department unable to perform duties required under US law. The Supreme Court order will apply while the case continues on appeal.

Bloomberg News Supreme Court reporter Greg Stohr breaks down the High Court's decision with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily.

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Trump Threatens 100% Tariffs on Russia, Pledges Arms for Ukraine

Mon, 14 Jul 2025 20:55:54 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump threatened to impose stiff financial penalties on Russia if it does not end hostilities with Ukraine, while pledging fresh weapons supplies for Kyiv.
“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days, tariffs at about 100%,” Trump said Monday during a meeting with NATO Secretary General Mark Rutte at the White House.

Trump said the levies would come in the form of “secondary tariffs,” without providing details. The US president has used the term in the past to describe duties imposed on countries for trading with American adversaries.

Asked later if Trump meant to refer to the more widely known tool “secondary sanctions,” Commerce Secretary Howard Lutnick told reporters that sanctions and tariffs were “both tools in his toolbox” and that “you can do either one.” A White House official said Russia could face both measures if it fails to sign a ceasefire deal by early September.

Today's show features:

Angela Stent, Senior Fellow at the Brookings Institution, on President Donald Trump latest military and economic threats against Russia as the War in Ukraine shows no signs of abating
Bloomberg News Senior Technology Reporter Dana Hull on Elon Musk’s xAI ambitions using Tesla as a funding source
Bloomberg News Federal Reserve Reporter Amara Omeokwe on President Donald Trump and his allies criticizing Jerome Powell's handling of the Federal Reserve's headquarters renovation
Daniel Florness, CEO of Fastenal on earnings and the state of US manufacturing

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ICYMI: Building a Logistics Empire From the Ground Up

Mon, 14 Jul 2025 12:30:00 +0000

Cart.com was founded just over four years ago, and recently closed a $50 million funding round to bring the company's valuation to $1.6 billion. The company has grown rapidly and become one of the leading logistics and supply chain providers in the US. Revenue is nearing $400 million and the company has emerged as a viable pre-IPO candidate.

Omair Tariq, the founder and CEO of Cart.com, discusses the business of logistics and transportation amid a global trade war. Omair speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - July 11th, 2025

Fri, 11 Jul 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Trump Escalates Canada Trade Fight With 35% Tariff Threat

Fri, 11 Jul 2025 21:12:58 +0000

Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump threatened a 35% tariff on some Canadian goods and raised the prospect of increasing levies on most other countries, ramping up his trade rhetoric in comments that weighed on stocks and boosted the US dollar.

The tariff level on Canada would take effect from Aug. 1, the president said. The announced rate is an increase from the current 25% tariff that’s imposed on US imports from Canada that aren’t shipped under the terms of the US-Mexico-Canada Agreement.

“Fentanyl is hardly the only challenge we have with Canada, which has many Tariff, Non-Tariff, Policies and Trade Barriers, which cause unsustainable Trade Deficits against the United States,” Trump said in a letter to Canadian Prime Minister Mark Carney, posted on social media Thursday.
Trump’s announcement on Canada came as he told NBC News on Thursday that he’s also eyeing blanket tariffs of 15% to 20% on most trading partners. The current global baseline minimum tariff rate for nearly all US trading partners is 10%.

Today's show features:

Bloomberg News Senior White House Correspondent Josh Wingrove on President Donald Trump's latest tariff announcements against Canada and his exclusive on Vietnam’s trade war response.
Ann Miletti, Head of Equity Investments at Allspring Global Investments on the market outlook heading into earnings season
Bloomberg News National Security Reporter Nick Wadhams on the latest developments from the War in Ukraine and the report that North Korea is supplying as much as 40% of Russia's ammunition
CFO Briefing with Harmit Singh, Chief Financial and Growth Officer of Levi Strauss & Co. and Bloomberg News Senior Editor Nina Trentmann

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ICYMI: US Set to Open First Rare Earth Mine in Decades

Fri, 11 Jul 2025 12:30:00 +0000

Ramaco Resources, Inc. and Ramaco Rare Earth, LLC are hosting a landmark ribbon cutting and groundbreaking ceremony on Friday, July 11, to commemorate the opening of the Brook Mine Carbon Ore Rare Earth project. It will be the first new rare earth mine in the United States in more than 70 years and first new coal mine in Wyoming in over 50 years.

Randall Atkins, Chairman and CEO of Ramaco Resources, details the importance of the project to America's pursuit of reclaiming its leadership in critical minerals and energy independence. Sam speaks with Carol Massar, Tim Stenovec and Joe Deaux on Bloomberg Businessweek Daily.

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MP Materials Strikes Deal With Pentagon to Build US Rare Earth Magnet Supply Chain

Thu, 10 Jul 2025 21:13:34 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

MP Materials rose as much as 60%, the most intraday since the company’s IPO in 2020, after the firm struck a multibillion dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities, backed by $400 million in equity and a $1 billion loan commitment.
Bloomberg Intelligence sees the company's public-private partnership with the Pentagon not only providing capital but also setting a price floor of $110 per kilogram for MP's NdPr products for the next 10 years, significantly higher than the current market price of $63. It's effective 4Q25. The pact includes an offtake agreement for 7,000 metric tons of additional magnets produced following MP's 10X expansion, from 1,000 currently, reducing market-demand risk. This partnership accelerates MP's build-out of a fully integrated value chain, from mines to permanent magnets.

Today's show features:

James Litinsky, Founder, Chairman and Chief Executive Officer of MP Materials Corp. and Bloomberg News Economic Statecraft Reporter Joe Deaux on MP’s supply chain deal with the US Defense Department
Sheila Kahyaoglu, Managing Director in Equity Research at Jefferies, on Delta’s quarterly results and the outlook for major US airlines heading into earnings season
Bloomberg News Senior Technology Reporter Kurt Wagner on Elon Musk’s Grok chatbot and Linda Yaccarino’s departure from X
Veronica Willis, Global Investment Strategist with the Wells Fargo Investment Institute on the market and economic outlook for the rest of 2025 into 2026.

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ICYMI: Hybrid Works Persists

Thu, 10 Jul 2025 12:30:00 +0000

IWG, formerly known as Regus, is a global provider of flexible workspace solutions. They offer a wide range of office solutions including serviced offices, co-working spaces, and virtual offices under various brands like Regus, Spaces, and Signature by Regus. IWG merged its digital assets with The Instant Group in 2022, creating a leading global marketplace for flexible workspace.

Mark Dixon, the company's CEO, discusses the global commercial real estate market, specifically when it comes to flexible office space, as well as key trends related to hybrid work. Mark speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily

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Yaccarino Stepping Down as CEO of Musk’s X After Two Years

Wed, 09 Jul 2025 20:57:25 +0000

Linda Yaccarino, who was hired two years ago by Elon Musk as chief executive officer of X, is stepping down less than three months after the social-media platform was absorbed by Musk’s artificial intelligence startup, xAI.

“After two incredible years, I’ve decided to step down as CEO of X,” Yaccarino said in a post on X Wednesday. “I’ll be cheering you all on as you continue to change the world.”
The former NBCUniversal executive was hired by Musk in May 2023 after he’d already fired or lost about 75% of employees at the company previously called Twitter. Over the course of her two-year tenure, Yaccarino was charged with reversing an advertiser exodus from the platform, triggered in part by Musk’s own erratic content moderation decisions and posts. Advertisers were concerned that their products would be listed next to hate speech or violent content.

It was a difficult task. X revenue fell by close to 50% and missed internal targets in 2023, and several major advertisers departed the platform or paused spending after Musk endorsed an antisemitic post in late 2023. He told marketers who were boycotting the platform to “Go f—- yourself” at a conference after the incident. At the time, Yaccarino told staff that the company’s “free speech” mission would continue with or without advertiser support. “Our principles do not have a price tag, nor will they be compromised — ever,” Yaccarino wrote.

Revenue has since improved from those lows, and advertising sales were projected to increase 16.5% this year, according to Emarketer. Yaccarino, who spent more than 11 years as a top advertising executive at NBCUniversal, is known for her strong relationships in the ad world.

Today's show features:

Dan Ives, Global Head of Technology Research at Wedbush Securities top headlines from the tech industry including Nvidia’s market cap and Elon Musk’s social media response to Ives making suggestions for the Tesla board
Wendy Cutler, Vice President at the Asia Society Policy Institute on President Donald Trump’s tariffs impacting Asian trading partners
Bloomberg News US Semiconductor & Networking Reporter Ian King on Nvidia reaching a market cap of $4 trillion
Dr. Steven Skancke, Chief Economic Advisor at Keel Point on FOMC minutes and the White House’s criticism of Federal Reserve Chair Jerome Powell

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ICYMI: The Banks of Tomorrow

Wed, 09 Jul 2025 12:30:00 +0000

Payments and stablecoin firm Ripple Labs Inc. and crypto custodian BitGo Inc. have applied for national bank charters, joining a crush of upstart financial services companies seeking such approval. BitGo, which custodies billions of dollars in crypto assets for clients, is weighing an initial public offering as soon as this year, Bloomberg News previously reported. The custodian’s corporate structure already includes two state-regulated trust companies, one in New York and one chartered in South Dakota.

Bloomberg News personal finance reporter Paige Smith details the push by tech-focused firms into the traditional US financial system. Paige speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily.

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Trump Vows No Tariff Extension, Hardens Threats on Copper, Drugs

Tue, 08 Jul 2025 21:22:08 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substantial new rates on imports of copper and pharmaceuticals.
The posturing on social media and at a Cabinet meeting on Tuesday came after traders initially shrugged off a series of letters and executive actions Trump issued Monday, pushing back the deadline for his so-called “reciprocal” tariffs while announcing the latest rates he planned for more than a dozen countries that had not succeeded in brokering quick trade agreements.
That changed Tuesday as Trump signaled a renewed determination to push ahead with his plans to heavily tax foreign imports. Trump said he would offer no additional delays on the country-specific tariffs, despite the previous night allowing he was “not 100% firm” on his August 1 deadline.
He said he would impose a 50% rate on copper products being sent into the US, surging futures of the commodity to their largest intraday gain in data going back to at least 1988.

Today's show features:

Bloomberg News Economic Statecraft Reporter Joe Deaux on President Donald Trump's latest tariff announcements
Libby Cantrill, Managing Director and the head of public policy for PIMCO on corporate positioning based on changes to White House trade policy and tariffs
Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council on the global energy market and this week’s OPEC+ meeting
Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple’s problems in the AI arms race

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ICYMI: The Next Sports and Entertainment Empire

Tue, 08 Jul 2025 12:30:00 +0000

BSE Global, the parent company of the NBA's Brooklyn Nets, the WNBA's New York Liberty, as well as their home arena, Barclays Center, has built a business model across sports, entertainment, hospitality and media. The company believes that its array of multiple businesses enables it to enjoy operational leverage and extract cross-functional synergies.
Sam Zussman, CEO of BSE Global, explains how Brooklyn's unique culture and history make it the ideal home base for the "experiential" powerhouse. Sam speaks with Tim Stenovec, Emily Graffeo and Randall Williams on Bloomberg Businessweek Daily.

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Trump Announces New Set of Tariff Rates Ahead of August Deadline

Mon, 07 Jul 2025 21:29:43 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug. 1.

Trump also announced 25% rates on Malaysia and Kazakhstan, while South Africa would see a 30% tariff and Laos and Myanmar would face a 40% levy. The nations were the first in what the president promised would be a flurry of unilateral warnings and trade deals announced on Monday, two days before agreements are due from trading partners facing his April 2 so-called reciprocal levies.

“Our relationship has been, unfortunately, far from Reciprocal,” Trump wrote in the letters.
Trump’s second-term rush to overhaul US trade policies has served as a steady source of uncertainty for markets, central bankers and executives trying to game out the effect on production, inventories, hiring, inflation and consumer demand — routine planning that’s hard enough without costs like tariffs that are on one day, off the next.

Today's show features:

US Representative Kathy Castor (D-FL) on new tariff announcements from the White House and the passage of President Donald Trump’s tax and spending bill
Bloomberg Economics Geo-Economic Analyst for Latin America Jimena Zuniga on this week’s BRICS summit in Rio de Janeiro
Bloomberg News Texas Bureau Chief Julie Fine on deadly flash flooding in the Lone Star State
Bryan Fairbanks, President and CEO of Trex, on the company outlook and key trends in US manufacturing

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Bloomberg Businessweek Weekend - July 4th, 2025

Fri, 04 Jul 2025 09:00:00 +0000

Featuring some of our favorite conversations from our visit to Michael Loeb's estate in Southhampton Long Island for the Uncharted Community Summit.

Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Pre-Fourth of July Special: Stock Jump on Jobs Surprise, Trump's Tax Bill Passes

Thu, 03 Jul 2025 21:21:39 +0000

Bonds fell and the dollar rose as stronger-than-forecast employment growth soothed concern the US economy is poised to slow, stanching speculation the Federal Reserve will need to cut interest rates any time soon. Stocks hit fresh all-time highs.

Treasury two-year yields surged 10 basis points to 3.88%. Swap traders saw almost no chance of a July Fed cut, compared with a roughly 25% probability seen before the data. The chance of a move in September ebbed to about 70%. The S&P 500 climbed 0.8%. After the close of trading in a shortened pre-holiday session, the House passed President Donald Trump’s tax bill.

On a special pre-holiday edition of The Close, hosts Romaine Bostick and Matt Miller speak with:

- Bloomberg Opinion columnist Jonathan Levin

- Liz Ann Sonders, Charles Schwab managing director and chief investment strategist

- Patrick de Haan, head of petroleum analysis at GasBuddy

- Michael Balboni, former New York State Director of Homeland Security

- Scott Bessent, US Treasury Secretary

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ICYMI: The New Face of VC

Thu, 03 Jul 2025 12:00:00 +0000

Collab Capital is a venture firm investing at the intersection of innovation and inclusion. It backs early-stage, tech-enabled companies addressing critical needs across workforce, healthcare and community infrastructure. On June 11, 2025, Collab announced the close of its second fund with $75 million in committed capital.

Jewel Burks Solomon, Co-Founder and Managing Partner at Collab Capital, explains how she draws on her experience as the first Head of Google Startups in the United States to help new companies get off the ground.

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S&P 500 Hits Record on Vietnam Deal as Tech Climbs

Wed, 02 Jul 2025 23:05:44 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

A rally in several big techs fueled gains in stocks, with the market extending its advance as President Donald Trump said he reached a trade deal with Vietnam. Treasuries fell as a selloff in UK bonds underscored deficit worries. The dollar was steady.

Following earlier losses driven by weak jobs data, the S&P 500 rose to fresh all-time highs. Nike Inc. climbed alongside other apparel and footwear companies amid hopes the latest US trade deal will avert a potential supply-chain catastrophe. Tech megacaps led gains, with Tesla Inc. jumping 5% as a drop in sales was seen as better than feared. Marvell Technology Inc. slid about 2.5% on a report that Microsoft Corp. is scaling back its ambitions for AI chips to overcome delays.

Longer-dated Treasuries underperformed, following moves in the UK, where concerns about Chancellor of the Exchequer Rachel Reeves’ future reignited questions over the nation’s fiscal position. Investors have raised similar concerns in the US, where the Senate passed Trump’s sweeping tax and spending bill.In the run-up to the jobs report, economists forecast employers added 110,000 jobs in June — the fewest in four months — amid a slight rise in the unemployment rate to 4.3%. The Bureau of Labor Statistics report is due Thursday, a day earlier than usual because of the Independence Day holiday.

Data Wednesday showed employment at US companies fell for the first time in over two years. Despite signs of a downshift, Federal Reserve Chair Jerome Powell has repeated the labor market remains solid. Policymakers have refrained from lowering interest rates this year as they wait to see the impact of tariffs on inflation.

Today's show features:

Brent Meyer, Assistant Vice President and Economist in the Economic Survey Research Center at the Federal Reserve Bank of Atlanta and Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on a new report from the Atlanta Fed: “The Evolving Impact of Tariffs on CFOs' Outlook”
Bloomberg Businessweek writer Deena Shanker on her story about SNAP cuts in the Federal tax and spending bill potentially hurting people in red and blue states alike
Bloomberg Businessweek Editor and Writer Laura Bliss on her Bloomberg Big Take about landfills around the US reaching scorching temperatures and getting nearby residents sick
Fred Thiel, Chairman and CEO of MARA on the regulatory outlook for Bitcoin and the company’s energy consumption and deployment strategy in terms of Bitcoin mining

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ICYMI: Amazon's Robotic Ranks Reach One Million

Wed, 02 Jul 2025 12:00:00 +0000

Amazon's robotics unit has just deployed its one millionth robot, building on its position as the world's largest manufacturer and operator of mobile robotics. This milestone robot was recently delivered to a fulfillment center in Japan, joining a global network that now spans more than 300 facilities worldwide.

Tye Brady, Chief Technologist for Amazon's expansive robotics unit, explains how new AI technology will make the world's largest fleet of industrial mobile robots smarter and more efficient.

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Trump Tax Bill Passes Senate as Republicans Notch Major Win

Tue, 01 Jul 2025 23:13:35 +0000

Watch Bloombreg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.
Donald Trump’s $3.3 trillion tax and spending cut bill passed the Senate Tuesday after a furious push by Republican leaders to persuade holdouts to back the legislation and hand the president a political win.
Senators voted 51-50 to pass the bill, with three Republicans — Susan Collins of Maine, Thom Tillis of North Carolina and Rand Paul of Kentucky, defying Trump to oppose the legislation. Vice President JD Vance cast the tie-breaking vote. The package, which now goes to the House, combines $4.5 trillion in tax cuts with $1.2 trillion in spending cuts.
“This was a team effort,” Senate Majority Leader John Thune told reporters immediately following the vote on Tuesday. “In the end, we got the job done.”
The Bloomberg Dollar Spot Index climbed to a session high after the bill passed the Senate. It was falling for six months through the end of June.
The package — informally known as the “One Big Beautiful Bill” — includes the entirety of the president’s legislative agenda in a single package. Trump personally lobbied lawmakers to quickly move the legislation through Congress.
“It’s a great bill. There is something for everyone,” Trump told reporters on Tuesday. “And I think it’s going to go very nicely in the House. Actually, I think it will be easier in the House than it was in the Senate.”
Republicans say passing the bill will help them maintain their congressional majorities in the midterms. But polling suggests the bill is not particularly popular. A recent Pew Research survey found that 49% of Americans oppose the bill, while 29% supported it. Some 21% weren’t sure what to think.
The House is expected to vote on the bill this week, but success is not guaranteed. Only a few Republicans can vote “no” in the House for the bill to pass in the face of united Democratic opposition. Speaker Mike Johnson said the House “will work quickly” to pass the bill by July 4.

Today's show features:

Terry Haines, Founder of Pangea Policy on the Senate passing a $3.3 trillion tax and spending cut bill
Bloomberg Technology Co-Host Ed Ludlow and Bloomberg News Team Leader for the Capitol Influence Team Mike Dorning on Elon Musk’s renewed tensions with President Donald Trump, whether Musk still holds sway in Washington and what it means for Tesla
Olaolu Aganga, US Chief Investment Officer for Mercer on businesses adjusting to pending legislation and the economic outlook
Paisley Nardini, Managing Director and Head of Multi-Asset Solutions at Simplify Asset Management on diversified return streams for investor

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ICYMI: Fixing the Golden State

Tue, 01 Jul 2025 12:00:00 +0000

Stephen J. Cloobeck, a self-proclaimed “fiscally conservative and socially responsible Democrat,” is running as a Democratic candidate for Governor of California in 2026. Touted by the likes of former President Bill Clinton, Robert Shapiro and Senator Cory Booker, Cloobeck says he is eager to be the navigator of change for what he refers to as the “broken” state.

Cloobeck is also the founder and former CEO of Diamond Resorts International, and believes his significant business experience well help him guide California's economy, which on its own would stand as the fifth largest in the world.

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Apple Weighs Using Outside AI to Power Siri in Major Shift

Mon, 30 Jun 2025 22:31:21 +0000

Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF.

Apple Inc. is considering using artificial intelligence technology from Anthropic PBC or OpenAI to power a new version of Siri, sidelining its own in-house models in a potentially blockbuster move aimed at turning around its flailing AI effort.

The iPhone maker has talked with both companies about using their large language models for Siri, according to people familiar with the discussions. It has asked them to train versions of their models that could run on Apple’s cloud infrastructure for testing, said the people, who asked not to be identified discussing private deliberations.

If Apple ultimately moves forward, it would represent a monumental reversal. The company currently powers most of its AI features with homegrown technology that it calls Apple Foundation Models and had been planning a new version of its voice assistant that runs on that technology for 2026.

A switch to Anthropic’s Claude or OpenAI’s ChatGPT models for Siri would be an acknowledgment that the company is struggling to compete in generative AI — the most important new technology in decades. Apple already allows ChatGPT to answer web-based search queries in Siri, but the assistant itself is powered by Apple.

Today's show features:

Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple considering using artificial intelligence technology from Anthropic PBC or OpenAI to power a new version of Siri
Ed Price, Senior Non-Resident Fellow at New York University and former British trade official on the latest from Ukraine and expectations for ongoing US trade negotiations
Trish Damkroger, Chief Product Officer, SVP & General Manger of High Performance Computing and AI of HPE
Bloomberg News Congressional Reporter Erik Wasson on the latest tax bill negotiations within the US Senate

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ICYMI: A New Era for IPOs

Mon, 30 Jun 2025 12:00:00 +0000

Roaring returns for US IPOs are driving fresh optimism that activity will pick up steam later this year and into 2026, even as worries over geopolitics and President Donald Trump’s tariffs hang over the market.

Led by triple-digit-percent increases for Circle Internet Group Inc. and CoreWeave Inc. — two of the year’s five largest initial public offerings on US exchanges — this year’s class of debutantes are trading up by a weighted average of about 53%, data compiled by Bloomberg show. That’s left investors hungry for more, particularly in a year where the S&P 500 Index has struggled to remain in the black.

Michael Harris, vice chairman and global head of markets at NYSE examines the health of the IPO market as well as his company's position of strength within the hierarchy of global trading platforms.

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Bloomberg Businessweek Weekend - June 28th, 2025

Sat, 28 Jun 2025 03:55:00 +0000

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Trump Ends Trade Talks With Canada, Threatens to Set Tariff

Fri, 27 Jun 2025 23:38:23 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax, and threatened to impose a fresh tariff rate within the next week.

“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,” Trump posted Friday on social media.

The Canadian dollar dropped more than 0.5% almost immediately. Canada’s benchmark equity index fell, and the shares of companies that rely on trade across the border, including General Motors Co. and apparel maker Canada Goose Holdings Inc., also took a hit.

Canadian Prime Minister Mark Carney’s office and the country’s finance ministry did not immediately respond to requests for comment.

Dozens of countries face a July 9 deadline for Trump’s higher tariffs to kick back into place, and have been engaged in negotiations with the US. That group does not include Canada and Mexico. The president imposed tariffs the US’s North American neighbors earlier this year over fentanyl trafficking and migration concerns and talks with them are being handled on a separate track.

Today's show features:
- Bloomberg New Senior White House Correspondent Josh Wingrove on the latest US trade deal negotiations
- Harold J. Krent, Professor of Law at the Chicago-Kent College of Law on Friday’s Supreme Court decisions
- Alli McCartney, managing director of Wealth Management at UBS on the investing outlook for the second half of 2025 amid geopolitical uncertainty
- Michael Loeb, founder & CEO of Loeb.nyc on the venture capital landscape and the value of the Uncharted Summit

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ICYMI: How RFK Jr. Is Reshaping Vaccine Regulations in the US

Fri, 27 Jun 2025 12:00:00 +0000

The overhauled US panel reviewing vaccine data backed the use of only thimerosal-free flu shots for Americans, taking aim at a little-used ingredient that has been falsely linked with autism despite decades of evidence showing it to be safe.
The Advisory Committee on Immunization Practices, or ACIP, voted five to one Thursday with one abstention in a move that would curtail use of larger vaccine vials that use the preservative.

Bloomberg News health reporter Damian Garde joins to discuss this and what else RFK Jr. is doing to reshape vaccine regulations in the US.

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NYC Mayor Adams Plots Comeback Off Of Mamdani's Win

Thu, 26 Jun 2025 23:09:17 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Andrew Cuomo’s loss is Eric Adams’ gain.

Just days ago, the New York City mayor faced steep reelection odds. His job-approval ratings had plunged to record lows after a federal corruption indictment. Support among Democrats fell even further when the Trump administration dropped the charges, raising questions about Adams’ indebtedness to the White House.But Adams, who dropped out of the campaign as a Democrat to run as an independent, is suddenly looking less toxic to a class of moderate voters.

The reason: The surprise ascendancy of democratic socialist Zohran Mamdani, a 33-year-old state assemblyman who crushed Cuomo in Tuesday’s primary election to become the all-but-certain Democratic nominee.

Now Cuomo’s backers — many of them opposed to Mamdani’s populist platform of taxing the wealthy and raising corporate levies — are discussing whether to pivot their support to Adams, according to people familiar with the matter. Those same donors are encouraging the former governor, who considered a run as an independent, to drop out of the race entirely to avoid being a spoiler, said the people, who asked not to be named discussing private conversations.

Today's show features:

Bloomberg News New York politics reporter Laura Nahmias on Mayor Eric Adams relaunching his campaign following Zohran Mamdani's stunning primary performance
Marc Morial, president and CEO at The National Urban League on Trump's tax bill and latest in Democratic politics
Bloomberg Intelligence senior defense analyst Wayne Sanders on the latest intel on Iran, difficulty of a damage assessment
Bloomberg Intelligence senior analyst for e-commerce, athleisure, off-price retail Poonam Gooyal on Nike earnings

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ICYMI: President ... Mark Cuban?

Thu, 26 Jun 2025 12:00:00 +0000

He’s a sports mogul, small-business influencer, media personality, health-care disruptor—and the ultimate Trump foil. Bloomberg Businessweek Senior Reporter Max Chafkin and Bloomberg News Health Care Reporter John Tozzi discuss how Mark Cuban’s Health-Care Gambit Seeds Influence for a Possible 2028 Presidential Run

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Jane Street Boss Says He Was Duped Into Funding AK-47s for Coup

Wed, 25 Jun 2025 20:13:32 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The indictment reads like a cinematic plot: A Harvard Fellow and another activist allegedly wanted to buy AK-47s, Stinger missiles and grenades to topple South Sudan’s government. What they lacked was enough cash.Now, Jane Street co-founder Robert Granieri concedes he put up the money — saying he was duped into funding the alleged coup plot. The role played by the wealthy recluse behind a Wall Street trading powerhouse emerges from the US prosecution of Peter Ajak, the Harvard Fellow who was accused last year of scheming to install himself atop the East African nation.

“Granieri is a longtime supporter of human rights causes,” his lawyer said in a statement. “In this case, the person Rob thought was a human rights activist defrauded Rob and lied about his intentions.”

The case came to light in March 2024, when federal prosecutors in Arizona charged Ajak and Abraham Keech with conspiring to illegally export arms to their home country. Both have pleaded not guilty.While prosecutors haven’t said where the defendants obtained several million dollars for an attempt to buy military-grade weaponry, Ajak’s lawyers pointed to Granieri in a recent filing — saying the 53-year-old financier was “vital to the plan.”

“Without the significant financing that Mr. Granieri could and agreed to provide, the alleged conspiracy would have been impossible,” they wrote in the document filed in late May.
The lawyers accused authorities of selectively prosecuting two Black men, even though support also came from Granieri and Garry Kasparov, the chess champion and prominent Russian dissident. The US hasn’t accused either of them of wrongdoing.

Today's show features:

Bloomberg News Chief Wall Street Correspondent Sri Natarajan on Jane Street Boss Says He Was Duped Into Funding AK-47s for Coup
John Erath, Senior Policy Director for the Center for Arms Control and Non-Proliferation on latest with Iran’s Nuclear Program
Kevin Kajiwara, Co-President, Teneo Intelligence; Geopolitical Expert on Advising clients amid Gulf Tensions
and we Drive to the Close with Jeanette Garretty, Chief Economist & Head of Advisor Experience at Robertson Stephen

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ICYMI: Inside Gap’s Last-Ditch, Tariff-Addled Turnaround Push

Wed, 25 Jun 2025 12:00:00 +0000

Bloomberg Businessweek Senior Reporter Amanda Mull break down how Gap, the iconic ’90s retailer, was on the precipice of death for years. Then CEO Richard Dickson finally had momentum for a comeback— and then came Trump.

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Powell Reiterates Desire to Hold Rates

Tue, 24 Jun 2025 20:26:48 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Federal Reserve Chair Jerome Powell had plenty of opportunities Tuesday to tell lawmakers definitively the central bank will cut interest rates soon. He didn’t take any of them.

Instead, Powell reiterated his view that policymakers need not rush to adjust policy, a counter to President Donald Trump’s demands and recent statements from Fed Governors Christopher Waller and Michelle Bowman that signaled the two would be open to lowering rates as soon as July.
“If it turns out that inflation pressures do remain contained, then we will get to a place where we cut rates, sooner rather than later,” Powell said in response to a question about the possibility of a rate cut next month during a House Financial Services Committee hearing. “But I wouldn’t want to point to a particular meeting. I don’t think we need to be in any rush because the economy is still strong.”
Powell’s remarks before the congressional panel came on the heels of the Fed’s decision last week to leave interest rates unchanged in a range of 4.25%-4.5%. He has maintained policymakers should take a cautious approach to rate cuts as they wait for more clarity on the impacts of Trump’s economic policies, particularly on tariffs.

“The effects of tariffs will depend, among other things, on their ultimate level,” Powell said. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.”
Today's show features:

Michael McKee, Bloomberg International Economics and Policy Correspondent and Alix Steel, Bloomberg Radio and TV host, on Powell testimony and global oil markets
Bloomberg Middle East Geoeconomics Reporter Dina Esfandiary on latest in the Middle East
Craig Trudell, Bloomberg Global Autos Editor & Bloomberg Businessweek Senior Reporter Max Chafkin on boom in driverless cars
Katie Hubbard, EVP of Capital Markets for Walton Global

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ICYMI: Tit for Tat Strikes in the Mideast

Tue, 24 Jun 2025 00:00:00 +0000

Tony Capaccio, Bloomberg Pentagon Reporter discusses how the US hit Iran, possible retaliation tactics, and next steps from the US to deter further conflict.

Iran pledged to respond “proportionately and decisively” to US strikes at the weekend and Qatar suspended traffic over its airspace, amid signs American bases there could be targeted as the conflict between the Islamic Republic and Israel showed signs of boiling over.

The Wall Street Journal reported that Iran was moving missile launchers for a possible attack on American forces, citing US officials. Axios reported that missiles had been launched toward US bases in Qatar. The White House didn’t immediately respond to requests for comment.

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US and Iran Trade Blows in the Middle East

Mon, 23 Jun 2025 20:15:13 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Iran fired missiles at a US air base in Qatar after promising it would respond “proportionately and decisively” to President Donald Trump’s weekend airstrikes on three of its nuclear facilities.
There were no reported casualties in the attack on Al Udeid base — the biggest such US facility in the Middle East — amid signs Iran gave advance notice of the strike plan. Qatar said the missile barrage was intercepted and the base had been evacuated in advance. Oil plunged on relief that Tehran’s limited response didn’t target energy supplies. The salvo marks another widening in the conflict that began 10 days ago when Israel attacked Iran, targeting nuclear and missile installations and military leaders. Iran has responded with several days of missile strikes on Israel, and the war threatened to escalate after the US joined the campaign with a bunker-buster bombing raid.

Iran’s move “looks like a largely symbolic retaliation,” saud Ziad Daoud, Bloomberg Economics’ chief emerging-market economist. “Plenty of warning was given — Qatar shut its airspace and the US issued warnings to citizens.”
Trump said the nuclear sites struck by the US were totally destroyed, and vowed to meet any Iranian retaliation with force “far greater” than those weekend strikes. He also hinted at the possibility of “regime change” in Iran, though US officials stressed that isn’t their aim. Defense Secretary Pete Hegseth said the strikes had the “limited” objective of eliminating Iran’s atomic program. Officials have said it’s too early to definitely assess damage.

There was no immediate indication of how the US will respond to Monday’s Iranian missile launch. The administration was anticipating that Iran would retaliate, and doesn’t want more military engagement in the region, CNN cited a senior White House official as saying.
The attack included at least six missiles fired toward Al Udeid — the regional headquarters for US Central Command, which oversees the American military in the region, and home to several thousand US service-members — according to a person familiar with the matter.

Today's show features:

Bloomberg News National Security Team Leader Nick Wadhams on potential Iran retaliation and security back in the US
Ariel Cohen, Senior Fellow at the Atlantic Council on Geopolitical Tensions in Middle East
Torsten Slok, Chief Economist and Partner at Apollo Global Management
and we Drive to the Close with Megan Horneman, Verdence Capital Advisors CIO

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ICYMI: Pride Under Pressure

Mon, 23 Jun 2025 12:30:00 +0000

Jennie Glazer, CEO at Coqual, a global think tank helping companies redesign how they work and lead. A strategist, facilitator, and builder of high-performing teams, Jennie leads Coqual’s research, advisory, and insight platforms—guiding senior leaders through complexity and toward clarity, trust, and measurable impact. Here, she discusses their latest report that offers urgent new data, stark realities, and a path forward for companies navigating rising backlash, legal uncertainty, and employee fear.

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Bloomberg Businessweek Weekend - June 20th, 2025

Fri, 20 Jun 2025 22:00:00 +0000

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Life in Israel and Iran as Threat of War Escalates

Fri, 20 Jun 2025 20:19:17 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump signaled he would give diplomacy a chance before deciding whether to strike Iran, dialing back on recent comments that suggested military action could be imminent.
“Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks,” Trump said in a dictated message, according to White House spokeswoman Karoline Leavitt. Iran maintained Friday it won’t negotiate with the US while an Israeli assault continues. The only way to end the imposed war is to “unconditionally stop” the enemy’s aggression, Iranian President Masoud Pezeshkian said Friday in a post on X.

Oil prices fell following a report from Reuters that Iran is ready to discuss limitations on nuclear enrichment, but will not consider stopping entirely. That puts the country’s leadership at odds with Trump, who has called for zero enrichment.

Israel launched its surprise attack on Iran a week ago, saying the threat of its sworn enemy acquiring nuclear weapons had to be neutralized. While that goal hasn’t been fully met, the Islamic Republic’s military capabilities have been degraded and a number of its top generals and atomic scientists have been killed. Iran has struck back at Israel with waves of ballistic missiles and drones, and there have been heavy casualties on both sides.

Trump, who is scheduled to attend a national security meeting in the Oval Office on Friday, has publicly mused for days about the US joining the fray. His latest stance signals a step back after a run of tough rhetoric, including demands for Tehran residents to relocate and threats toward Iran’s Supreme Leader Ayatollah Ali Khamenei, and his early departure from this week’s Group of Seven summit in Canada to return to Washington.
Today's show features:

Dan Williams, Reporter for Bloomberg News Based in Jerusalem, on life in Israel given the Israel/Iran War
Alex Vatanka, Senior Fellow at the Middle East Institute on life in Iran
John Erath, Senior Policy Director for the Center for Arms Control and Non-Proliferation on Iran's nuclear ambitions
and Peter Atwater, President of Financial Insyghts on the overall US macro environment

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Fed Leaves Rates Unchanged, Iran's Nuclear Capabilities

Wed, 18 Jun 2025 21:08:08 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished. The Federal Open Market Committee voted unanimously on Wednesday to hold the benchmark federal funds rate in a range of 4.25%-4.5%, as they have at each of their meetings this year.
Officials also downgraded their estimates for economic growth this year while lifting their forecasts for unemployment and inflation.

Speaking to reporters following the decision, Chair Jerome Powell repeated his view that the central bank was “well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.”

While the median expectation for two rate cuts in 2025 didn’t change, a number of officials lowered their projections. Seven officials now foresee no rate cuts this year, compared with four in March. Two others pointed to one cut this year
Today's show features:

Ross Mayfield, Investment Strategist at Baird Private Wealth Management & Ira Jersey Bloomberg Intelligence Chief US Interest Rates Strategist on FOMC Reaction
Heather Williams, Director of Project on Nuclear Issues and Senior Fellow for Defense and Security at Center for Strategic and International Studies
Michael Lohan, head of IDA Ireland on trade, tariffs and EU’s view of Trump.

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FOMC Preview with Frank Sorrentino

Wed, 18 Jun 2025 11:30:00 +0000

With Federal Reserve officials signaling an extended hold on interest rates, investors and economists will look to Chair Jerome Powell this week for clues on what might eventually prompt the central bank to make a move, and when.

A fourth straight meeting without a cut could provoke another tirade from President Donald Trump. But policymakers have been clear: Before they can make a move they need the White House to resolve the big question marks around tariffs, immigration and taxes. Israel’s attacks on Iranian nuclear sites have also introduced another element of uncertainty for the global economy.

Frank Sorrentino, Founder and CEO of ConnectOne Bankcorp previews what the Fed may do at the next FOMC meeting.

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Threat of War Escalates

Tue, 17 Jun 2025 20:41:54 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump met with his national security team in Washington on Tuesday to discuss the escalating Middle East conflict, according to people familiar with the matter, fueling fresh speculation that the US is on the verge of joining Israel’s attack on Iran.

The meeting lasted over an hour and the White House provided no immediate statement afterward. Before gathering his advisers in the Situation Room, Trump posted a demand for Iran’s “UNCONDITIONAL SURRENDER” and warned of a possible strike against the country’s leader, Ayatollah Ali Khamenei. “We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there - We are not going to take him out (kill!), at least not for now,” Trump posted on social media.

Israel also sought to ratchet up pressure on Iran, signaling it will intensify a campaign of air strikes that have targeted the country’s nuclear facilities as well as military leaders and infrastructure. US weapons are seen as key to achieving a more complete destruction of the Islamic Republic’s atomic program than anything Israel can do alone.
The escalating war began with an Israeli attack late last week and has seen the sworn enemies trade missile salvos for five days. Trump departed early from the Group of Seven leaders meeting in Canada to deal with the crisis.
Today's show features:

Bloomberg News Pentagon and National Security Reporter Tony Capaccio
Dana Telsey, Founder, CEO and Chief Research Officer of Telsey Advisory Group
Stamatis Tsantanis, Chairman & Chief Executive Officer of global shipping companies Seanergy Maritime and United Maritime
Travis McCready, JLL’s Head of Industries, Leasing Advisor

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ICYMI: Facial Recognition vs Facial Verification

Tue, 17 Jun 2025 12:30:00 +0000

Having experienced the devastating consequences of online criminal activity, founder and CEO, Andrew Bud, vowed to find a safe and secure way for organizations to verify the genuine presence of an individual. To enable this to happen it was necessary to ensure that the person setting up an online account was an actual person, and then authenticate that person whenever they return to use a digital service or verify their identity at secure locations.

The Big Idea was to use facial biometrics and controlled illumination to assure the genuine presence of a human being. Why facial biometrics? Because most government-issued identity documents contain a picture of a face and an identity can be verified against a trusted source. Why controlled illumination? Because it’s completely effortless for the user – with no instructions to follow or complex actions required. Just a brief, simple selfie capture that takes just seconds to complete. This gives the most secure assurance that an individual is not an imposter, a photo, a mask, a deepfake video, or a multitude of other sophisticated cyber attack tactics being used by criminal gangs worldwide. iProov does facial verification, not facial recognition. The difference is, with verification tech like iProov's, the user consents, and derives a benefit from it.

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Israel/Iran Conflict Escalates, Trump at the G7

Mon, 16 Jun 2025 20:12:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump said Iran wants to talk about deescalating the conflict with Israel even as the two sides exchanged deadly fire for the fourth consecutive day.
Asked about reports that Iran wants to work toward a resolution, Trump responded “yeah,” and added, “they’d like to talk, but they should have done that before. ”It’s painful for both parties but I would say that Iran is not winning this war,” Trump said at the start of a meeting with Canadian Prime Minister Mark Carney at a Group of Seven leaders summit in Kananaskis, Alberta. Asked if the US would get more involved militarily, Trump said he didn’t want to discuss it.

The Wall Street Journal reported earlier Monday that Tehran is signaling it wants to de-escalate hostilities with Israel and is willing to resume nuclear talks with the US as long as Washington doesn’t join the Israeli attacks. It cited Middle Eastern and European officials it didn’t identify. A similar report by Reuters says Iran conveyed the message through Qatar, Saudi Arabia and Oman.

Oil fell on the WSJ report, with Brent futures dropping around 4% after rising over 10% Friday. US Treasuries pared earlier drops and European bonds gained as traders reacted to diminishing concerns about inflation.

About the same time as Trump was speaking, Iran’s semi-official Mehr News Agency cited a senior security official as saying the country is prepared to deliver a “major blow” to Israel following its recent strikes on Iranian cities and targets. Shortly afterward, air raid sirens sounded as Israel reported it had detected more missile launches.
Today's show features interviews from the Bloomberg Technology Summit in San Francisco:

Bloomberg News National Security Team Leader Nick Wadhams on latest in Israel-Iran Conflict and Bloomberg News Correspondent David Gura on Israel/Iran Conflict and G7 Meeting
Beth Fouhy, Partner at FGS Global, on latest ICE Deportations, US Domestic News
Rob Thummel, Senior Portfolio Manager at Tortoise Capital on energy markets
and we Drive to the Close with Chris Fasciano, Chief Market Strategist at Commonwealth

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ICYMI: Axiom Space CEO Tejpaul Bhatia on the "Space Economy"

Mon, 16 Jun 2025 16:44:22 +0000

Axiom Space CEO Tejpaul Bhatia joins to discuss his company's place in the "space economy" and the delay to the company's planned launch with NASA.

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Bloomberg Businessweek Weekend - June 14th, 2025

Sat, 14 Jun 2025 01:30:00 +0000

Featuring some of our favorite conversations from Cisco Live 2025 in San Diego.

Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Israel, Iran Warn More to Come After Missile Barrages

Fri, 13 Jun 2025 22:16:15 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Iran fired hundreds of missiles in retaliation for Israel’s airstrikes that targeted Tehran’s military and nuclear infrastructure, broadening a conflict that threatens to engulf the region and roil global markets.

Israel said it identified missiles launched from the Islamic Republic and reported explosions from interceptions and falling debris from incoming projectiles. An Israeli official said US forces are helping to intercept the Iranian missiles. The Iranian attack, which Tehran said entailed hundreds of ballistic missiles, is the most forceful step yet by Tehran since Israel’s overnight raids killed top Iranian generals and badly damaged key military infrastructure.

While it’s unclear if Israel’s air defenses have been pierced, markets took another hit from the surge in tensions. US stocks fell to new session lows, oil prices extended their gains above 7%, while the US dollar and gold rose.
This episode features:

Gregg Roman, Executive Director of the Middle East Forum
Dana Stroul, Senior Fellow and Director of Research at the the Washington Institute for Near East Policy
Jay Neveloff, Partner and Chair of Real Estate, US at Herbert Smith Freehills Kramer
Elissa Sangster, Chief Executive Officer of the Forté Foundation

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ICYMI: Banking on Silicon Valley

Fri, 13 Jun 2025 12:30:00 +0000

Bridge Bank, the technology and innovation division of Western Alliance Bank, offers a full spectrum of commercial banking services with specialized expertise focused on life sciences and technology and innovation companies at every stage in their life cycle, from startup to IPO and beyond. The company serves the private equity and venture capital communities by providing banking solutions for portfolio companies and funds, plus banking solutions for small to mid-size businesses in the Bay Area.

Bob Curley, CEO of Bridge Bank and Deputy Chief Banking Officer of Regional Banking at Western Alliance discusses key financing trends among early stage companies and the broader appetite for IPOs.

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Air India Crash Kills Over 200

Thu, 12 Jun 2025 21:17:20 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

More than 200 bodies have been recovered at the crash site of a London-bound Boeing Co. 787 Dreamliner operated by Air India, in a disaster that has turned 2025 into one of the deadliest years in the past decade for civil aviation.
Officials didn’t immediately say how many of the dead were passengers, crew or area residents, but said the toll could rise as emergency workers comb through the wreckage.
There was at least one survivor in the crash, India’s federal home minister Amit Shah told reporters in Ahmedabad. Shah, who met with the survivor and visited the crash site, said the official death toll will be announced after DNA verification.
Flight AI171 was carrying 242 passengers and crew, most of whom were Indian and British nationals, when it crashed shortly after taking off in the western city of Ahmedabad.
Today's show features:

Bloomberg Intelligence Senior Aerospace, Defense & Airlines Analyst George Ferguson on the Air India crash involving a Boeing jet
Jayati Bharadwaj, FX & Macro Strategist at TD Securities on US dollar struggles
Bloomberg News Senior Editor, Equities Americas Eric Weiner
Christina Padgett, Associate Managing Director, Head of Leveraged Finance Research and Analytics, Moody's Investors

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ICYMI: No More Secrets About Addiction

Thu, 12 Jun 2025 12:30:00 +0000

Mountainside, a collection of addiction treatment centers in the Northeastern United States, has been in operation for nearly three decades, running on the belief that everyone is capable of achieving recovery. The organization has engaged the national not-for-profit Shatterproof to help create a short film entitled "NO MORE SECRETS" to serve as a call to action to help end the stigma associated with addiction.

Jana Wu, Senior Clinician at Mountainside Treatment Center and Dr. Manassa Hany, Director of Addiction Psychology at Northwell detail their work with Shatterproof and discuss the film's upcoming premier in New York City.

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Trump Says China Will Ship Rare Earths in ‘Done’ Trade Deal

Wed, 11 Jun 2025 22:39:16 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said a trade framework with China has been completed, with Beijing supplying rare earths and magnets “UP FRONT” and the US allowing Chinese students into its colleges and universities.

The US and China will maintain tariffs at their current, lower levels following the two nations’ agreement this week in London, Trump said Wednesday. That number is still higher than before the president took office. Trump said Chinese President Xi Jinping and he must still formally sign off on the agreement.

“OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME,” Trump posted on social media. “WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT!”

Yet after months of tense back-and-forth between Washington and Beijing, it remained unclear if the latest round of negotiations brought the two sides closer to an ultimate understanding on trade — or if it just amounted to more talk.

“Trump is mentioning the current tariff status, in a misleading way, to show he has the upper hand,” said Neo Wang, lead China macro analyst at Evercore ISI.

Trump’s comments prompted fresh questions about the terms of the pact US and Chinese negotiators reached Tuesday. Markets had a mixed reaction on Wednesday to comments from Trump and his team, with US equity indexes fluctuating throughout the day.

Today's show features:

Bloomberg Economic Chief Geoeconomics Analyst Jennifer Welch on progress in in US-China trade negotiations
Alex Grassino, Global Chief Economist for Manulife Investment Management on investment options in the current economic environment
Julia Coronado, Founder and President of MacroPolicy Perspectives on the US economic outlook, and expectations for US monetary policy
Bloomberg Businessweek Editor Brad Stone on the LA riots and his feature story on the United States losing its moral authority across the globe

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ICYMI: Axon Sees an A-I Future

Wed, 11 Jun 2025 12:30:00 +0000

Axon is widely known for TASERs and body worn police cameras, and has grown into a nearly $60 billion connected software, services, and hardware platform that some analysts refer to as the ‘Apple of safety.’ The company’s newest artificial intelligence developments, including Axon Assistant, which is built directly into Axon’s latest generation of body-worn cameras, the Axon Body 4, and provides a new voice-enabled AI companion.

Josh Isner, president of Axon, discusses the impact of AI on Axon’s various product offerings and the broader demand for physical security tools.

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US, Mexico Near Deal to Cut Steel Duties and Cap Imports

Tue, 10 Jun 2025 23:05:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US and Mexico are closing in on a deal that would remove President Donald Trump’s 50% tariffs on steel imports up to a certain volume, according to people familiar with the matter, a revamp of a similar deal between the trade partners during his first term.

Trump hasn’t been directly involved in the negotiations and would need to sign off on any deal. The talks are being led by Commerce Secretary Howard Lutnick, according to the people, who asked not to be identified as the discussions are private.

The people said the agreement hasn’t been finalized. Under its current terms, it would allow US buyers to import Mexican steel duty-free as long as they kept total shipments below a level based on historical trade volumes, according to the people. The new cap would be higher than what was allowed under a similar deal during Trump’s first term, they said, which was never a fixed figure but designed to “prevent surges.”

The White House didn’t immediately respond to a request for comment. Mexican President Claudia Sheinbaum’s office also didn’t respond to a request for comment.

Today's show features:

Bloomberg News Economic Statecraft Reporter Joe Deaux
Bloomberg News National Team Managing Editor Sarah McGregor on rising social unrest in Los Angeles
Jeetu Patel, President and Chief Product Officer at Cisco
Fran Katsoudas, Executive Vice President and Chief People, Policy & Purpose Officer at Cisco

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ICYMI: Trump Says China ‘Not Easy’ Amid Trade Talks

Tue, 10 Jun 2025 12:00:00 +0000

Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.

Representatives for both nations ended their first day of negotiations in London after more than six hours at Lancaster House, a 19th century mansion near Buckingham Palace. The talks concluded around 8 p.m. London time and will resume Tuesday in the British capital, the official said.
“We are doing well with China. China’s not easy,” Trump told reporters at the White House on Monday. “I’m only getting good reports.”

Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies discusses the importance of rare earth materials to American defense and economic initiatives.

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Pentagon Sending 700 Marines to Counter Los Angeles Protests

Mon, 09 Jun 2025 23:22:23 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Trump administration is sending about 700 active duty Marines to reinforce the National Guard in response to protests in Los Angeles, a person familiar with the matter said, continuing an escalation that California officials have called unwarranted.

A Defense Department official said the Marines, based at the Marine Corps Air Ground Combat Center in Twentynine Palms, California, were on the move after getting notice over the weekend. CNN reported the plans earlier Monday.

Sending active-duty Marines marks an escalation in force from President Donald Trump in response to the protests. California Governor Gavin Newsom had earlier criticized Defense Secretary Pete Hegseth for saying Marines could be deployed, calling the threat “deranged behavior.”

US law generally bars the use of the active-duty U.S. military — the Army, Navy, Air Force and Marines — from carrying out domestic law enforcement. The law doesn’t apply to state-controlled National Guard forces. On Sunday, Trump signed an order directing the US Northern Command to assume control of the National Guard and dispatch at least 2,000 soldiers to the area.

Today's show features:

Bloomberg News National Team Managing Editor Sarah McGregor on rising social unrest in Los Angeles
Dexter Tiff Roberts, Professor of Chinese Politics and Modern Chinese History at the University of Montana on US-China relations and the Chinese position on trade
Bloomberg Managing Editor for Global Consumer Tech Mark Gurman on his takeaways from the start of Apple’s Worldwide Developers Conference
Wendy Barnes, President and CEO of GoodRx on headwinds facing the healthcare and pharmaceuticals industries

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US, Chinese Teams to Meet in London, Abrego Garcia Charged

Sat, 07 Jun 2025 00:42:20 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
US and Chinese negotiators will resume trade talks on June 9 in London, President Donald Trump announced, as the world’s two largest economies look to resolve a simmering dispute over tariffs and technology that has unnerved markets.
US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will meet Monday “with Representatives of China, with reference to the Trade Deal,” Trump posted Friday on social media. “The meeting should go very well.”
The new round of talks follow a 90-minute call between Trump and Chinese leader Xi Jinping on Thursday that saw the two agree to defuse growing tensions spurred by concerns over the flow of critical minerals needed by American firms.
Earlier talks between the two countries in Switzerland in May resulted in a tariff truce between Beijing and Washington that set the stage for further talks on trade. But negotiations between the rivals stalled after the Geneva meeting, with both sides accusing the other of violating the agreement that brought down duties from massive highs.
Today's show features:

Bloomberg Balance of Power cohost Joe Mathieu
Phil Gramm, Economist and former Republican US Senator from Texas
Gary Bettman, Commissioner of the National Hockey League on the Stanley Cup Finals

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Bloomberg Businessweek Weekend - June 6th, 2025

Fri, 06 Jun 2025 22:00:00 +0000

Featuring some of our favorite conversations from the Bloomberg Tech Summit in San Francisco.
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

See omnystudio.com/listener for privacy information.

ICYMI: AI Driving Next-Gen Drones

Fri, 06 Jun 2025 12:30:00 +0000

Florian Seibel, co-founder and CEO of Quantum-Systems GmbH, discusses the rapid advancements in drone technology, the role of drones in warfare and how artificial intelligence factors in.
The former German army helicopter pilot and aeronautical engineer in 2015 co-founded a maker of reconnaissance drones, aiming to tap into his creative side after years in the military. In the past decade, his company, backed by Peter Thiel, has grown to about 400 employees worldwide.

Its unmanned aerial vehicles were first used primarily in low-stress fields such as agriculture and archaeology. But today, 90% of its sales go to the military sector, with the Munich company providing thousands of drones to Ukraine, where its AI features can keep the aircraft flying even when Russian jamming disrupts steering, navigation and communication.

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Trump Targets Musk’s US Contracts, Subsidies as Feud Grows

Thu, 05 Jun 2025 20:56:41 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump proposed ending Elon Musk’s government contracts and subsidies, escalating the war of words between the world’s richest man and the president he helped elect.
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!” Trump posted on his social media site Thursday.

Trump’s threat strikes at a main source of the billionaire’s wealth. Musk’s Tesla Inc. and Space Exploration Technologies Corp. have benefited from federal contracts and subsidies. Ending contracts with Musk’s companies could prove legally and practically unwieldy, given they are deeply intertwined with US space and defense operations.

Total revenue for SpaceX and Tesla from federal unclassified contracts since fiscal year 2000 is $22.5 billion, according to Bloomberg Government data. Tesla’s shares fell as much as 18% on Thursday, extending earlier losses after Trump floated ending Musk’s federal relationships.
“Go ahead, make my day,” Musk posted on X in response to Trump’s threat. The Tesla chief then alleged that Trump’s name appears in the files related to the late New York financier Jeffrey Epstein, who was accused of sex trafficking underage girls and later died by suicide while in federal detention.

“Time to drop the really big bomb: @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!” Musk wrote. The White House declined to comment on the Epstein accusation.

Today's show features interviews from the Bloomberg Technology Summit in San Francisco:

RJ Scaringe, Founder and CEO of Rivian
Bloomberg Technology Co-Host Ed Ludlow
Peggy Johnson, CEO of Agility Robotics
Ashley Mayer, Co-Founder & General Partner, Coalition Operators and Helen Min, Venture Partner, True Ventures

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ICYMI: New Milestone for 116-Year-Old Ice Cream Icon

Thu, 05 Jun 2025 12:30:00 +0000

Tillamook Ice Cream – the fastest-growing family size ice cream brand in the United States – is now officially in production at the new Tillamook County Creamery Association (TCCA) manufacturing facility in Decatur, Ill. As TCCA’s first owned-and-operated manufacturing site outside of Oregon, the production facility opening marks a key milestone in the 116-year-old farmer-owned co-op’s national expansion.

Tillamook President and CEO David Booth discusses the company’s growing dairy business on the first day of operation for its new plant, as well as the impact of tariffs on profits.

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Trump Officials Target Columbia Accreditation Over Protests

Wed, 04 Jun 2025 23:07:20 +0000

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Education Department said Columbia University no longer appeared to meet accreditation standards after concluding that the school is in violation of anti-discrimination laws, the latest effort by the Trump administration to target elite schools over their handling of pro-Palestinian protests.

Education Secretary Linda McMahon said in a statement that the school’s leadership “acted with deliberate indifference towards the harassment of Jewish students on its campus” after the Oct. 7 attack by Hamas on Israel. The Education Department said it had notified the Middle States Commission on Higher Education that the administration found that the school failed to meaningfully protect students during the protests, violating Title VI of the Civil Rights Act. The department also cited federal law which they said required accreditors to notify member institutions if they were in noncompliance and establish a plan to bring them back into compliance.

Any revocation of the school’s accreditation could have significant implications for students. Some 21% of Columbia College and Columbia Engineering undergraduates receive the Pell Grant, a type of federal aid for high-need students, according to figures on the university’s website. Removing access to federal student loans would also increase borrowing costs for many students financing their education, while federally-backed work-study programs could also be under threat.

McMahon has been in communication with university President Claire Shipman since the administration pulled some $400 million in federal grants and contracts from the school in March. Last month, Shipman announced that Columbia was cutting nearly 180 staff members after reductions to its federal funding.

President Donald Trump and McMahon have previously suggested that conversations with Columbia were headed in the right direction, especially compared to another Ivy-League institution, Harvard University, which has launched legal challenges against the administration’s decision to cancel its federal funding and revoke its license to admit international students.

The Department of Education does not have the authority to revoke a school’s accreditation, that authority lies with accrediting agencies like MSCHE. But the federal government can stop recognizing an accreditor as a reliable judge of the quality of higher education, which chokes off federal aid from an agency’s member schools.

Today's show features:

Bloomberg News White House Reporter Akayla Gardner on the White House saying Columbia University no longer meets accreditation standards
Henrietta Treyz, Co-Founder and Director of Economic Policy at Veda Partners on key fiscal policy and trade issues facing the Trump administration and the GOP-led Congress
Brent Schutte, Chief Investment Officer of Northwestern Mutual Wealth Management on the outlook for US monetary and fiscal policy changes
Bloomberg News Senior Technology Reporter Dana Hull on the Big Take detailing Elon Musk’s push to bring robotaxis to Austin, Texas even as federal regulators investigate whether the system is safe
Bloomberg Businessweek Editor Brad Stone on his Dan Gilbert feature story

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ICYMI: How Tariffs Impact Global Payments

Wed, 04 Jun 2025 12:30:00 +0000

John Caplan, CEO of financial technology company Payoneer, discusses how a the health of the American consumer impacts the global digital payment industry. Payoneer sees the uncertainty surrounding global trade and tariffs posing a headwind to revenue, prompting the company to pull its outlook for the year when it reported earnings last month.

The New York City-based fintech company specializes in facilitating cross-border payments and is one of the top performers in the space along with Paypal and Venmo.

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Wells Fargo Asset Cap Lifted by Fed, Paving Way for Growth

Tue, 03 Jun 2025 22:04:36 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wells Fargo & Co. finally escaped a Federal Reserve asset cap that has restricted its size for more than seven years, unleashing the firm from the unprecedented punishment in a major win for Chief Executive Officer Charlie Scharf. The bank’s shares surged.

The Fed said in a statement Tuesday that Wells Fargo met all conditions required by an enforcement action imposed on the bank in 2018 to remove the restriction. The central bank completed its review of Wells Fargo’s remediation efforts and third-party assessments, as well as its own assessment of the bank’s corporate governance and risk management programs, it said.
The hotly anticipated verdict closes the door on nearly a decade of scandals at the fourth-largest US lender and allows the bank to pursue growth again. Since the cap was imposed in February 2018, it became the most-feared punishment in banking and caused Wells Fargo to miss out on about $39 billion in profits by one measure.

The Fed said that other elements of the 2018 enforcement action will remain in place for now.
Today's show features:

Bloomberg News US Finance Team Leader Sally Bakewell on Wells Fargo being released from a Federal Reserve asset cap that has restricted its size for over seven years
Bloomberg Radio and Television Anchor Alix Steel on Meta's deal to buy nuclear power from Constellation Energy to help run its AI platforms
Bloomberg News National Security Team Leader Nick Wadhams on President Donald Trump’s decision to attend the upcoming NATO summit and NATO’s push to boost European to air defenses
Katy Kaminski, Chief Research Strategist of AlphaSimplex on key trends to watch in the equity and bond markets
Eric Clark, Chief Investment Officer at Accuvest Global Advisors on consumer-focused ETFs and investing strategies

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ICYMI: Uncertainty at NASA After Trump Pulls Musk Ally's Nomination

Tue, 03 Jun 2025 12:30:00 +0000

President Donald Trump said he would name a new nominee for NASA administrator, just days before billionaire Jared Isaacman, the current pick and a close ally of Elon Musk, was to face his planned Senate confirmation vote.

It wasn’t immediately clear why Trump was dropping the nomination of Isaacman, who had already been approved by the Senate Commerce Committee. Trump posted on Truth Social that he made the decision after a “thorough review of prior associations.”

Bloomberg News Space Reporter Loren Grush details the fallout from Trump’s decision and discusses what comes next for the space agency.

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Kyiv’s Brazen Drone Strike on Nuclear Bombers Alarms Moscow

Mon, 02 Jun 2025 21:57:32 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Ukraine’s drone strike deep inside Russian territory left Kremlin officials angry and alarmed over the sudden vulnerability of a nuclear-capable air fleet far from the battlefield, according to people close to senior officials in Moscow.

Sunday’s dramatic attack on Russian long-range bombers in air fields in Siberia helped to disrupt an arsenal that Moscow deploys to hit Ukraine with some of its most powerful missiles. It also demonstrated Ukraine’s ability to hit key assets thousands of miles from the front lines, which the Russian military had thought were safe.

While nobody is predicting that Sunday’s dramatic attack will change the course of Vladimir Putin’s war, Ukrainian President Volodymyr Zelenskiy celebrated the “brilliant” covert operation.
Planned over a year and a half and involving unmanned aerial vehicles popping out of trucks that had been driven across Russia’s vast expanse, it was the longest-range mission undertaken in the three-year war, he said.

The damage inflicted on the warplanes is likely to rattle decision makers around Putin rather than shake up Moscow’s military aims. Only a few such bombers are needed for attacks on Ukraine, meaning that the pace of missile and bombing strikes won’t slow, according to people close to the Kremlin who spoke on condition of anonymity.

But the deep-penetration raid was a direct hit on air assets, including targets on Tu-160, Tu-95 and Tu-22 M3 bombers that have long been considered less vulnerable to attack than land and naval forces, which have suffered bigger losses. Russia’s Defense Ministry confirmed attacks at five military airbases across the country on Sunday. Russia acknowledged that several aircraft were damaged, compared with Kyiv’s claim that more than 40 planes were hit. A person close to the Kremlin put the tally at closer to 10. Pro-Moscow military blogger Rybar, which has about 1.3 million Telegram subscribers, estimated that 13 aircraft were affected, most of them long-range bombers.
Western officials continued to assess the aftermath of the raid. The destruction was “substantial,” with at least seven Tu-95s and four Tu-22s damaged or destroyed, according to one senior official. The strike, broadcast widely on Russian social media, was successful in lifting moral in Ukraine, a European diplomat said.

President Donald Trump’s administration was not notified ahead of the attack, a US official said.
Today's show features:

Angela Stent, Senior Fellow at the Brookings Institution, on Ukraine’s drone strikes inside Russia and Monday’s talks between the warring nations
Bloomberg Economic Chief Geoeconomics Analyst Jennifer Welch on new developments in the US-China trade war
Alan Zafran, Co-Founder and Managing Partner IEQ Capital on markets and investing strategies
Jeffrey Hirsch, President and Chief Executive Officer of Starz on his company’s recent earnings and separation from Lionsgate

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ICYMI: YouTube Is Coming for the Sitcom

Mon, 02 Jun 2025 12:30:00 +0000

For two decades, YouTube has tried to convince advertisers that it’s the future of entertainment.

The streaming giant has spent the past few years trying to make itself the centerpiece of the living room. The company teamed up with TV manufacturers so watching YouTube on a TV became as easy as watching it on your phone or laptop. People can now leave comments and subscribe to YouTube channels on a TV, and creators can arrange videos as though they’re episodes of a show.

Bloomberg News Managing Editor, Media & Entertainment Lucas Shaw details his Businessweek story on content creators making longer shows to meet viewers where they are.

See omnystudio.com/listener for privacy information.

Bloomberg Businessweek Weekend - May 30th, 2025

Fri, 30 May 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

See omnystudio.com/listener for privacy information.

Musk Pledges to Remain Trump Adviser After Washington Exit

Fri, 30 May 2025 21:35:15 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Elon Musk said he will continue to advise President Donald Trump even after stepping away from the Department of Government Efficiency effort he has spearheaded.
“I expect to remain a friend and an adviser, and hopefully, if there’s anything the president wants me to do, I’m at the president’s service,” Musk said alongside Trump during a press conference Friday at the White House. “This is not the end of DOGE, but really the beginning.”

The comments indicate that the chief executive officer of Tesla Inc. and SpaceX plans to remain in the president’s orbit despite vows to pull back from Washington and prioritize his business empire. As the head of DOGE, Musk’s efforts to slash spending and cut government jobs have drawn pushback from federal workers and Democratic lawmakers as well as a consumer backlash to his business interests.
Musk’s divided attention has rattled investors and Wall Street analysts who underestimated the damage being done to Tesla’s brand around the world. As discontent grew over his focus, the billionaire vowed to pull back “significantly” from his government work to devote more time to Tesla as it nears the critical launch of robotaxi service.

Today's show features:

Bloomberg Businessweek Senior Reporter Max Chafkin on Elon Musk’s departure from his White House role
Monica Duffy Toft, Professor of International Politics at Tufts University’s Fletcher School of Law and Diplomacy, on geopolitical conflicts
Tyler Rosenlicht, Portfolio Manager & Head of Natural Resource Equities at Cohen and Steers on alternative investment strategies

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ICYMI: Costco Defies Tariff Volatility as Other Retailers Stumble

Fri, 30 May 2025 12:30:00 +0000

Costco Wholesale Corp. posted better-than-expected earnings in the third quarter, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and other forces of economic turbulence.

The retailer said it generated earnings per share of $4.28 for the quarter ended May 11, above what Wall Street analysts were expecting. The metric suggests that Costco is growing its business even as consumers prioritize necessities to save money.

Burt Flickinger, Managing Director of Strategic Resource Group, reacts to Costco's earnings other key players in the retail sector, including Walmart, The Gap and Ulta Beauty.

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Trump Wins Tariff Reprieve as Trade Agenda Faces Court Rollback

Thu, 29 May 2025 21:21:20 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, offering at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order.

The administration celebrated the order from the US Court of Appeals for the Federal Circuit as validating its vow to aggressively challenge a ruling issued Wednesday night by the Court of International Trade blocking sweeping parts of Trump’s tariffs over his use of the International Emergency Economic Powers Act, or IEEPA.

“I can assure you, American people, that the Trump tariff agenda is alive, well, healthy, and will be implemented to protect you, to save your jobs and your factories,” trade adviser Peter Navarro told reporters on Thursday.

Even as Navarro celebrated the temporary stay, the possibility that the appeals court could ultimately back the original ruling and block Trump’s tariff policy hung heavy over the White House. Separately, a second federal judge declared a number of Trump’s levies enacted using emergency powers unlawful, but limited his decision to the family-owned business that sued and delayed the order from taking effect for 14 days to allow the Justice Department time to appeal.

Today's show features:

Bloomberg News US Legal Reporter Erik Larson and Jimmy Gurulé, Professor of Law at Notre Dame Law School and Founder and Director of the Exoneration Justice Clinic
Elizabeth Economy, Hargrove Senior Fellow and co-chair of the Program on the US, China, and the World at Stanford University’s Hoover Institution
Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management

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ICYMI: Asia's 'Sell America' Moment Puts $7.5T at Risk

Thu, 29 May 2025 12:30:00 +0000

Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick explains why Asian investors are rethinking their strategy of investing in US assets. The trend has been driven by concerns over the US budget deficit, political polarization, and the impact of Trump's policies on the dollar.

The shift away from US assets could lead to a significant unwinding of dollar investments, with potential beneficiaries including emerging markets, Europe, and Japan, and a possible appreciation of Asian currencies.

This story is the subject of the latest Bloomberg Big Take. You can read the full story, and more from Bloomberg The Big Take on the Bloomberg Terminal and at Bloomberg.com/bigtake.

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Instant Reaction: Nvidia Gives Solid Forecast, Despite China Concerns

Wed, 28 May 2025 21:47:29 +0000

Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results. Sales will be about $45 billion in the second fiscal quarter, which runs through July, the company said on Wednesday. That included the loss of roughly $8 billion in revenue from China because of export controls. The forecast was in line with analysts’ estimates, according to data compiled by Bloomberg.

Nvidia shares rose about 4% in extended trading following the announcement. The outlook shows that Nvidia is ramping up production of Blackwell, its latest semiconductor design. The chipmaker — now the world’s largest by revenue — dominates the market for AI accelerators, the components that help develop and run artificial intelligence models. And an ever-broader lineup of hardware and software is letting Nvidia sell more products to customers.

For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:

Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Sing
Joe Kaiser, Managing Director at Mercato Partners

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Nvidia Delivers Solid Earnings; Musk Distances Himself From DC

Wed, 28 May 2025 21:45:16 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Nvidia Corp., the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results.
Sales will be about $45 billion in the second fiscal quarter, which runs through July, the company said on Wednesday. That included the loss of roughly $8 billion in revenue from China because of export controls. The forecast was in line with analysts’ estimates, according to data compiled by Bloomberg.

The outlook shows that Nvidia is ramping up production of Blackwell, its latest semiconductor design. The chipmaker — now the world’s largest by revenue — dominates the market for AI accelerators, the components that help develop and run artificial intelligence models. And an ever-broader lineup of hardware and software is letting Nvidia sell more products to customers.

As part of that push, the company is increasingly offering its chips as part of whole computer systems — a move it says is necessary to speed up the deployment of more complex and powerful technology. Nvidia expects AI infrastructure to eventually transform much of the economy, part of what Chief Executive Officer Jensen Huang refers to as a new industrial revolution.

Today's show features:

Jay Goldberg, Senior Analyst at Seaport Research Partners on Nvidia earnings
Bloomberg Businessweek Senior Reporter Max Chafkin
Bloomberg News Cross-Asset Reporters Emily Graffeo and Vildana Hajric

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ICYMI: Your AI Accountant Is Here

Wed, 28 May 2025 12:30:00 +0000

Sukhinder Singh Cassidy, Chief Executive Officer of cloud software company Xero, discusses the New Zealand-based company's outlook and its push to grow its small-business customer base in the United States.

Xero is a global small business platform that helps customers supercharge their business by bringing together the most important small business tools, including accounting, payroll and payments. Singh Cassidy cites strong revenue growth in the US from its most recent earnings report, and also explains how the emergence of artificial intelligence could help lift her business to new heights.

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Stocks Climb on Economic and Trade Optimism

Tue, 27 May 2025 21:12:03 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street kicked off the week with a rally in stocks as consumer confidence rebounded sharply while the US and the European Union sped up trade talks. A global surge in bonds also helped sentiment.

As equities halted a four-day slide, the S&P 500 climbed 2%. Nvidia Corp. paced gains in megacaps ahead of its results. Treasuries got a boost, pushing the 30-year yield below 5% on signs Japan will be ready to calm jittery debt markets. The moves in the US extended after a sale of two-year notes was met with solid bidding metrics. The dollar rose against all developed-market currencies.

President Donald Trump noted he was encouraged the EU is speeding up negotiations on trade, days after he said the bloc would face 50% tariffs if they fail to reach a deal with the US. Trump extended a deadline for those taxes to take effect to July 9 after a call with European Commission President Ursula von der Leyen.
Today's show features:

Meghan Robson, Head of US Credit Strategy for BNP Paribas
Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman
Bloomberg News Managing Editor for Deals Liana Baker
Nate Rempe, President and Chief Executive Officer of Omaha Steaks

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US Steel-Nippon "Partnership" with Marc Morial

Tue, 27 May 2025 14:32:29 +0000

Marc Morial, President and CEO of the National Urban League, speaks on what has transpired in the five years since the killing of George Floyd. Plus his thoughts on the US Steel & Nippon Steel "partnership"

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Bloomberg Businessweek Weekend - May 23rd, 2025

Fri, 23 May 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Trump Targets Samsung and Apple Phones with 25% Tariff Threat

Fri, 23 May 2025 20:40:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said that the tariffs he threatened against Apple Inc. earlier Friday would also be aimed at a wider range of device makers including Samsung Electronics Co. to spur them into moving manufacturing of their products to the US.
“It would be more,” Trump said when asked at the White House whether his tariff threat would only apply to Apple. “It would be also Samsung and anybody that makes that product, otherwise it wouldn’t be fair.” Trump indicated that the import levies would be “appropriately done” and ready for implementation by the end of June but provided no other details.

The president’s remarks clarified his social media post from earlier in the day warning that Apple would face tariffs of 25% if the Cupertino, California-based company failed to shift production of its iconic iPhone to the US from overseas. The warning came days after a Tuesday meeting between Trump and Apple Chief Executive Officer Tim Cook at the White House, a US official said.
“He said he’s going to India to build plants. I said, that’s okay to go to India, but you’re not going to sell into here without tariffs, and that’s the way it is,” Trump said. Apple’s stock fell as much as 3.9% in New York trading. Separately Friday, Trump also threatened a 50% tariff on the European Union that would go into effect June 1, which weighed on the broader market.
Today's show features:

Bloomberg News White House Editor Jordan Fabian on Trump's 25% Tariff Threat on Apple
CFO Briefing: Jill Woodworth, Chief Financial Officer of Prenuvo and Bloomberg News Senior Editor Nina Trentmann
Rod Baltzer, Chief Executive Officer of Deep Isolation and Bloomberg News Energy Reporter Will Wade

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ICYMI: Tariff-Free Ways to Reindustrialize America

Fri, 23 May 2025 12:30:00 +0000

Ben Reinhardt, CEO of Speculative Technologies and Businessweek Contributing Writer, breaks down how the US should study China's playbook, create new manufacturing paradigms, and preserve American strengths, such as its scientific and technological leadership and its relationships with allies.
He argues this can be achieved by attracting foreign investment, building industrial hubs, developing new technologies like artificial intelligence, and fostering a welcoming environment for skilled immigrants, rather than relying on tariffs and isolationist policies

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US Bans Harvard From Enrolling Foreigners

Thu, 22 May 2025 20:46:47 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Trump Administration blocked Harvard University from enrolling international students, delivering a major blow to the school and escalating its fight with elite colleges to unprecedented levels.

The US revoked Harvard’s Student and Exchange Visitor Program certification, meaning foreign students can no longer attend the university. Existing international students must transfer or lose their legal status, the Department of Homeland Security said in a statement Thursday.

“Harvard’s leadership has created an unsafe campus environment by permitting anti-American, pro-terrorist agitators to harass and physically assault individuals, including many Jewish students, and otherwise obstruct its once-venerable learning environment,” according to the statement. The blockade on international student enrollment will compound the financial pressures for Harvard. The Trump administration has frozen more than $2.6 billion of Harvard’s funding and cut off future grants in an increasingly contentious standoff over the school’s handling of alleged antisemitism on campus and government demands for more oversight.

Trump has also called for the institution to lose its tax-exempt status, a move that the Cambridge, Massachusetts-based school has cautioned would have “grave consequences for the future of higher education in America.”
Harvard responded by calling the government’s latest action unlawful.

Today's show features:

Bloomberg Team Leader for DC Breaking News Kasia Klimashinska on US Bans Harvard From Enrolling Foreigners
Bloomberg News Finance Reporter Max Abelson on the Bloomberg Big Take: The Trump Family’s Money-Making Machine
Bloomberg Intelligence Consumer Finance Analyst Ben Elliott
Drive to the Close with Kathy Jones, Chief Fixed Income Strategist, Schwab Center for Financial Research

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ICYMI: The Future of Language-Learning

Thu, 22 May 2025 13:33:57 +0000

Matthew Skaruppa, Chief Financial Officer of Duolingo, details the language-learning platform's push into artificial intelligence.

A Bloomberg Intelligence analysis indicates Duolingo's AI investments and expansion into math, music and chess lessons have the potential to attract more users to the platform and maintain its downloads lead in the large and fragmented language-learning market. Underpinned by the Duolingo Max subscription tier and its realistic speaking exercises, revenue could gain 33-35% in the next 12-18 months, based on our calculation and consensus.

New subscribers, pricing leverage and recent changes to Apple's App Store policy may somewhat offset the cost of AI enhancements, supporting margins and sustainable growth.
Skaruppa will also be featured on the latest installment for the Bloomberg TV series, “Chief Future Officer.”

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Stocks Get Hit as Weak Treasury Sale Boosts Yields

Thu, 22 May 2025 00:09:33 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street’s worries about a ballooning deficit that threatens America’s status as a safe haven were reflected in a $16 billion Treasury sale that saw lackluster demand - with stocks, bonds and the dollar falling.

Treasuries got hit after a weak auction of 20-year bonds, whose 5% coupon rate was the highest since the tenor was reintroduced in 2020. Long-term debt bore the brunt of the selling, with 30-year yields jumping over 10 basis points. The equity market saw its worst session in a month, with the S&P 500’s slide topping 1.5%.

The greenback dropped against most major currencies. Bitcoin pared its advance, but was still set for a record.

Traders have been piling into bets that long-term bond yields would surge on concerns over the US’s swelling debt and deficits, with Moody’s Ratings on Friday lowering the nation’s credit score below the top triple-A level. For many, the message was: Unless America gets its finances in order, the perceived risks of lending to the government will rise.

The White House amped up the pressure on Republicans on Wednesday urging lawmakers to quickly approve President Donald Trump’s signature tax bill, adding that a failure to do so would be the “ultimate betrayal.”

Today's show features:

Bloomberg News Rates Reporter Rates Reporter Michael Mackenzie
Sandy Villere, Portfolio Manager for Villere & Co.
Jenny Rooke, PhD, Founder and Managing Director of Genoa Ventures
MP Materials Co-Founder, Chairman and CEO Jim Litinsky with Bloomberg News metals and mining reporter Joe Deaux

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ICYMI: Jennifer Grancio on Volatility and Trade War

Wed, 21 May 2025 12:30:00 +0000

Jennifer Grancio, head of ETFs at TCW, discusses investment options through ETFs amid market volatility and the trade war.

Wall Street’s rally took a breather on Tuesday, with stocks falling as traders awaited fresh catalysts after a six-day run that put the S&P 500 up almost 20% from its April lows. The US equity benchmark lost steam following an $8.6 trillion surge.

Long-term Treasury yields climbed as fractious US budget negotiations kept focus on the growth in deficit spending. President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.

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Musk Commits to Tesla CEO Role and Plans Political Pullback

Tue, 20 May 2025 21:33:46 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Elon Musk said he’s committed to still leading Tesla Inc. five years from now and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company.

The billionaire offered new details about his plans in a wide-ranging interview with Bloomberg News that also touched on his compensation, Tesla’s sliding sales and a possible spinoff of SpaceX’s Starlink satellite business. Musk repeated his criticisms of a familiar cast of characters, from Bill Gates to the Delaware judge who’s twice ruled against his massive Tesla pay package.

Musk, whose $375.5 billion fortune leads the Bloomberg Billionaires Index, reiterated that he wants to own more shares of Tesla for reasons of authority, rather than wealth.

“It’s not a money thing,” he said during a remote appearance Tuesday at the Qatar Economic Forum in Doha. “It’s a reasonable control thing, over the future of the company.”

Musk has been chief executive officer of Tesla since 2008, one of the longest active stints atop the world’s largest automakers. His level of engagement with the company has come under greater scrutiny as the carmaker has followed up its first annual sales drop in over a decade with steeper declines early this year.

Musk, 53, downplayed the extent of Tesla’s challenges, saying that “it’s already turned around.” When pressed about this — the carmaker’s vehicle sales continued to plunge across Europe’s biggest electric vehicle markets in April — the CEO said that the region is the company’s weakest, but that it’s strong elsewhere.

Today's show features:
Bloomberg News Senior Reporter Max Chafkin on Elon Musk’s Qatar Economic Forum interview
Siyu Huang, Co-Founder and Chief Executive Officer of Factorial Energy
Bloomberg News National Security Team Leader Nick Wadhams
Bloomberg News Senior Editor, Equities Americas Eric Weiner

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ICYMI: The Tiny Bank Enriching the Trump Bros

Tue, 20 May 2025 12:30:00 +0000

Bloomberg News Wealth Reporter Annie Massa speaks on Dominari, the tiny investment bank that, less than three years ago, pivoted from developing cancer therapies into finance. Since then it has lost about $70 million.
For years its shifting priorities and tribulations remained largely out of the spotlight. That changed when it gained two recognizable backers: Donald Trump Jr. and Eric Trump.

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Wall Street Shrugs Off Downgrade From Moody’s

Mon, 19 May 2025 20:14:56 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US was stripped of its last top credit rating by Moody’s Ratings, reflecting deepening concern that ballooning debt and deficits will damage America’s standing as the preeminent destination for global capital and increase the government’s borrowing costs.

Moody’s lowered the US credit score to Aa1 from Aaa on Friday, joining Fitch Ratings and S&P Global Ratings in grading the world’s biggest economy below the top, triple-A position. The one-notch cut comes more than a year after Moody’s changed its outlook on the US rating to negative. The credit assessor now has a stable outlook.
“While we recognize the US’ significant economic and financial strengths, we believe these no longer fully counterbalance the decline in fiscal metrics,” Moody’s wrote in a statement. Moody’s blamed successive administrations and Congress for swelling budget deficits that it said show little sign of abating. On Friday lawmakers in Washington continued to work towards a massive tax-and-spending bill that’s expected to add trillions to the federal debt over the coming years.
Today's show features:

Bloomberg News Rates Reporter Michael Mackenzie on Bond market reaction to Moody's Downgrade
Nick Wadhams, Bloomberg National Security Team Leader, on Trump Says Ukraine, Russia to Start Ceasefire Talks Immediately
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, on Bloomberg Big take story: Apple Is Spending Billions and Still Hasn't Managed to Crack AI
and we Drive to the Close with Ryan Detrick, Chief Market Strategist at the Carson Group

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ICYMI: Cybersecurity Scare

Mon, 19 May 2025 12:36:06 +0000

Wendi Whitmore, Chief Intelligence Security Officer, Palo Alto Networks, examines the cybersecurity landscape and how artificial intelligence and geopolitics are impacting global businesses. Wendi also weighs in on the revelation that hackers bribed overseas support agents for Coinbase to steal customer data for use in social engineering attacks.

Coinbase's recent stock rally was briefly dented by news of thee hack, which is expected to cost the company $400 million and prompt a US regulatory investigation.

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Introducing: Everybody's Business

Sun, 18 May 2025 13:00:00 +0000

A smart and fun chat show about all things business. Hosted by award-winning business and economics journalists Max Chafkin (author of The Contrarian: Peter Thiel and Silicon Valley’s Pursuit of Power) and Stacey Vanek-Smith (former co-host of NPR’s Planet Money and reporter for Marketplace), Everybody's Business is powered by the unparalleled sources and reporters who bring you Businessweek magazine’s headlines and the stories behind them. The show gives listeners a window into the discussions happening in boardrooms, Zooms and group chats in power centers around the world. From interpreting Fed meetings to the business of wolf cloning, each week Max, Stacey and their friends at Bloomberg Businessweek guide listeners through what really went on during the last week from Wall Street and Main Street. Because what’s happening with money and markets is everybody’s business.

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Bloomberg Businessweek Weekend - May 16th, 2025

Fri, 16 May 2025 22:00:00 +0000

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Trump Tax Cuts Rejected by House Panel as Hardliners Dig In

Fri, 16 May 2025 21:54:59 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A key House committee on Friday failed to advance House Republicans’ massive tax-and-spending bill after hard-line conservatives bucked President Donald Trump and blocked the bill over cost concerns.

The House Budget Committee rejected the bill 21-16, with Republican Representatives Chip Roy, Ralph Norman, Josh Brecheen, and Andrew Clyde joining Democrats to vote against it. The four hardliners demanded deeper cuts to Medicaid and other government programs.

It’s incredibly rare for bills to fail at this step in the process, with the committee vote typically serving as a rubber-stamp to the bill before it moves to the House floor.
Negotiations will continue through the weekend, with the committee planning to meet again late Sunday night.

In deal news, Charter Communications Inc. has agreed to combine with closely held Cox Communications in a cash-and-stock deal that would unite two of the biggest US cable providers. The takeover values Cox at about $34.5 billion including debt, the companies said in a statement Friday, confirming an earlier Bloomberg News report. The deal includes about $12.6 billion of net debt and $21.9 billion in equity, the companies said. The combined company would be the top broadband operator in the US, and increase Charter’s subscriber base by more than 20%, according to Bloomberg Intelligence analyst Geetha Ranganathan. It also comes at a time when cable companies are facing increasing competition.

Today's show features:

Bloomberg Balance of Power Co-Host Joe Mathieu
Kabir Ahmed Shakir, Chief Financial Officer at Tata Communications and Bloomberg News Senior Editor Nina Trentmann
Craig Moffett, Founding Partner of MoffettNathanson
Katie Hubbard, EVP of Capital Markets for Walton Global

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ICYMI: Drama in the Dairy Industry

Fri, 16 May 2025 12:30:00 +0000

Julie Smolyansky, Chairperson of the Board, President and CEO of Lifeway Foods discusses what she considers to be a hostile takeover attempt by dairy-product maker Danone, which has been among Lifeway's major shareholders for more than 25 years.
Danone responded in a statement issued to Bloomberg that "there is no ‘raid’ or ‘hostile bid,’ since Lifeway's board decided in November 2024 to reject Danone's highly attractive $27-per-share acquisition proposal, depriving Lifeway's shareholders of a very significant premium."

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Coinbase Cooperating With SEC on Users Metric as News of Hack Emerges

Thu, 15 May 2025 20:58:39 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Coinbase Global Inc. is cooperating with the US Securities and Exchange Commission on an agency probe into its previously reported user metrics, the company said Thursday.

“This is a hold-over investigation from the prior administration about a metric we stopped reporting two and a half years ago, which was fully disclosed to the public,” Paul Grewal, Coinbase’s chief legal officer, said in a statement. “While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”

Grewal noted that Coinbase’s “verified users metric” might have overstated the number of unique customers and that the company continues to disclose “the more relevant metric of ‘monthly transacting users’” on the platform. The SEC declined to comment.

Meanwhile, it turns out that hackers had near-constant access to some of Coinbase’s most valuable customer data since January, according to a person familiar with the incident who asked not to be named discussing company matters.

The largest US crypto exchange disclosed earlier on Thursday that hackers bribed customer representatives to steal the data and then demanded a $20 million ransom to delete it. Coinbase began noticing unusual activity from some of these representatives in January, the company confirmed in an interview with Bloomberg News.

The hackers bribed customer service representatives to get access to names, dates of birth, addresses, nationalities, government-issued ID numbers, some banking details and details about when customer’s accounts were created and their balance, the person familiar with the situation said. This information could be used to attempt to impersonate Coinbase and convince customers to let the hackers into their account. It could also be used to impersonate the victims with other service providers to attempt to convince them to let hackers into other financial accounts they might own.

The threat actors had bribed enough customer service representatives to achieve effectively on-demand access to Coinbase customer information in the past five months, the person said. In an interview with Bloomberg News, Chief Security Officer Philip Martin disputed the near constant access assertion, saying Coinbase pulled the agents’ access as soon as it was discovered they were improperly sharing information. Therefore the hackers “did not have persistent access over the course of the entire period,” he said.

Today's show features:

stacy-marie ishmael, Bloomberg News Executive Editor for Crypto and payments
Dana Telsey, CEO and Chief Research Officer of Telsey Advisory Group
Bloomberg News National Security Reporter Jamie Tarabay
Tim Herbert, Chairman, President and CEO of Inspire Medical Systems

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ICYMI: Philips North American CEO on Health-Tech and, AI

Thu, 15 May 2025 12:30:00 +0000

Jeff DiLullo, Chief Region Leader of Philips North America, examines the state of the health-technology business as tariffs pressure supply chains amid President Donald Trump's trade war.

The multinational company has been in operation for more than 130 years and does business in more than 100 countries around the global. Philips recently reported earnings, and saw 1Q adjusted Ebita beat company-compiled consensus estimates by 15%.

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US Announces More Than $243 Billion in Deals With Qatar

Wed, 14 May 2025 21:44:17 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The White House said President Donald Trump had secured deals totaling more than $243.5 billion with Qatar, laying the groundwork for a bigger $1.2 trillion economic pledge with the tiny Gulf country.

“The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age,” the White House said.
The announcement came on the second leg of Trump’s swing through the Middle East, a day after the president touted some $600 billion in investments by Saudi Arabia in US manufacturing, products and services.

Trump has focused much of his energy on the trip in securing investment dollars, while praising Gulf states for seeking a deeper partnership with the US.

Trump’s take so far has fallen short of his ambitions for an even bigger haul; the president had floated the possibility of securing $1 trillion in investment pledges from Saudi companies and on Tuesday said the two nations would work toward that goal.
Earlier Wednesday, the White House announced that Qatar Airways had inked a $96 billion plan to acquire as many as 210 Boeing Co. 787 Dreamliner and 777X aircraft. The White House cast the buy as the largest-ever widebody order and the largest-ever for the 787s.

Today's show features:

Bloomberg News Senior Reporter Jennifer Dlouhy
Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management
Dr. Justin Schwartz, Chancellor of the University of Colorado Boulder and Bloomberg News Higher Education Finance Reporter Janet Lorin

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ICYMI: AI Becomes Your Shopping Companion

Wed, 14 May 2025 12:30:00 +0000

Daniel Wagner, CEO of London-based Rezolve Ai, explains how his company uses artificial intelligence to improve and personalize the shopping experience across a variety of product categories.

Rezolve is among the first publicly traded, pure-play AI companies, featuring a proprietary Large Language Model specifically designed for the retail sector.

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Trump and MBS Tout $1 Trillion Pledge as Details Remain Elusive

Tue, 13 May 2025 20:57:11 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump and Saudi Crown Prince Mohammed bin Salman touted a pledge for $1 trillion in commercial deals in Riyadh on Tuesday, a staggering figure that doesn’t quite stand up to scrutiny.

“With the help of the people of the Middle East, the people in this room, partners throughout the region, the golden age of the Middle East can proceed right alongside of us,” Trump said at a Saudi-US investment summit to announce the planned deals. “We will work together. We will be together. We will succeed together. We will win together, and we will always be friends.”

But the glitzy event — where top officials and corporate executives including billionaire Trump adviser Elon Musk and Nvidia Corp. CEO Jensen Huang sat in armchairs, serenaded by Trump’s typical rally soundtrack — sets up a test for the US president and Saudi crown prince, who have struggled at times to match their rhetoric with reality.

Both leaders claimed Saudi Arabia would invest $1 trillion in the US, but signage at the conference put the cumulative total of the deals as actually worth over $300 billion. Hours earlier, the White House cited a $600 billion investment. The discrepancy is significant: The $1 trillion figure roughly matches Saudi Arabia’s entire gross domestic product.

Today's show features:

Gregg Roman, Executive Director of the Middle East Forum
Bloomberg News Senior Editor & Crypto / Digital Payments Team Leader Mike Regan and Bloomberg News Investigations Reporter Anthony Cormier
Karen Veraa-Perry. Managing Director and Head of iShares US Fixed Income Strategy at BlackRock
Bloomberg News Investigations Reporter Rachel Adams Heard

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ICYMI Podcast: Atwater Sees "Red Light, Green Light" in Markets

Tue, 13 May 2025 12:30:00 +0000

Peter Atwater, President of Financial Insyghts and Adjunct Lecturer of Economics at the College of William and Mary, discusses the broader financial and economic implications of President Donald Trump's trade war against Xi Jinping's China.

After two days of high-stakes talks in Switzerland, trade negotiators from the world’s biggest economies announced Monday a massive de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%.

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Nasdaq 100 Enters Bull Market After US-China Truce

Mon, 12 May 2025 20:55:12 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street’s bets that the US-China trade truce marked the end to an all-out tariff war drove the S&P 500 up over 3%, while sinking defensive corners of the market from bonds to gold and haven currencies. The dollar saw its best day since November.
The rebound in risk appetite and diminished expectations of a recession drove the stock benchmark above Donald Trump’s April 2 “Liberation Day” level.
A surge in big techs drove the Nasdaq 100 back into a bull market just a month after it plunged 20% from a previous record. Amid a potential reset in inflation expectations, Treasury yields climbed as traders lowered their Federal Reserve wagers to just two rate cuts in 2025.
For big investors shocked into defensive measures at the height of April’s chaos, the swift recovery in markets has been a mixed blessing. Shorting the dollar, going long stock volatility and piling on bets premised on multiple Fed rate cuts were among the most popular trades in mid-April. Each has taken severe lumps. Indeed, their unwinding may be adding fuel to the bounce-back.

The US and China will temporarily lower tariffs on each other’s products, buying the world’s two largest economies three months to work toward a broader agreement. Trump said China had agreed to remove non-tariff barriers to US imports as he announced a de-escalation of his trade war with Beijing, suggesting even greater concessions could be in store if talks progress.
Today's show features:

Nancy Lazar, Chief Economist at Piper Sandler
Doug Ciocca, CEO and Partner at Kavar Capital Partners
Jay Inslee, former Governor of Washington

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ICYMI: Bitcoin Breaks $100k; Citadel Pushes for Four-Year Non-Competes

Mon, 12 May 2025 14:57:28 +0000

Bitcoin crossed the $100,000 threshold for the first time since February last week, fueled by expectations for an easing of global trade tensions. Metafide CEO Frank Speiser joins to discuss the outlook for crypto amid broader market uncertainty.

Then, Ken Griffin's Citadel is putting its Florida lobbying muscle behind an effort to allow stricter non-compete clauses and garden leaves. Bloomberg News Florida correspondent Anna Kaiser joins to break down her reporting on Griffin's growing influence in Florida.

Hosts: Matt Miller and Norah Mulinda
Producer: Justin Milliner

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Targeting Cystic Fibrosis (Sponsored Content)

Sun, 11 May 2025 14:00:00 +0000

NFL quarterback Boomer Esiason’s career high came just days before his son was diagnosed with cystic fibrosis (CF) – a genetic disease characterized by thick and sticky mucus that interferes with breathing, digestion and the body’s ability to fight infections. Esiason now dedicates his free time to raising awareness to fund the search for a cure. We explore how Vertex’s Chief Scientific Officer, Dr. David Altshuler, and the research team at Vertex have spent the last 20+ years researching the underlying cause of the disease – and their work is not yet finished.

This episode of Targeting the Toughest Diseases is produced by Bloomberg Media Studios and Vertex Pharmaceuticals and is sponsored by Vertex Pharmaceuticals.

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Bloomberg Businessweek Weekend: May 9th, 2025 (Podcast)

Sat, 10 May 2025 04:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”

Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on X @carolmassar @timsteno and @BW

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FAA Weighs Pullback in Newark Flights; Trump Floats Tax on Rich

Fri, 09 May 2025 22:01:06 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Airlines and US aviation officials plan to meet on further flight cutbacks at Newark airport following multiple breakdowns in radar systems, according to people familiar with the matter.

The plan currently under consideration would encourage carriers to voluntarily decrease the number of flights for a limited period at the transportation hub outside New York City, said the people, who asked not to be identified discussing private deliberations. The Department of Transportation is expected to schedule discussions with airline leaders in the coming weeks, one of the people said.
The urgency for such a meeting was underscored Friday by a second incident in which air traffic controllers guiding planes in and out of Newark Liberty International Airport briefly lost communications and radar displays. It follows a similar breakdown on April 28. Neither resulted in injuries or accidents.
Today's show features:

George Ferguson, Bloomberg Intelligence senior aerospace, defense & airlines analyst
Erik Wasson, Bloomberg News congressional reporter on Trump Cautions GOP on Tax Hike for Rich, But He’s ‘OK’ With It and SALT Republicans Have to Accept ‘Unhappy’ Deal, GOP Chair Warns
Nina Trentmann, Bloomberg News senior editor & Procore CFO Howard Fu on his company's outlook and his perspective on how tariffs could impact construction
Chris Palmeri, Bloomberg News entertainment reporter & Andrew Silverman, Bloomberg Intelligence Government analyst on Trump Plans 100% Levy on Foreign Films, Deepening Trade War and how film tariffs would actually function

Hosts: Matt Miller and Norah Mulinda

Producer: Justin Milliner

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ICYMI: Ford Pro's Matt Atkenson on Tariff Uncertainty

Fri, 09 May 2025 15:09:58 +0000

Matt Atkenson, Ford Pro executive director for North American sales discusses the outlook for Ford's commercial fleet arm amid trade and tariff uncertainty and after Ford held back full year guidance. He speaks with Tim Stenovec.

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Cardinal Robert Prevost Becomes First US Pope; US-UK Trade Framework

Thu, 08 May 2025 23:42:10 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Cardinal Robert Francis Prevost was elected as Roman Catholic pontiff, the first ever pope from the US and a possible bridge between the moderate and hardline sides of the Church. Prevost, 69, chose the name of Leo XIV for his pontificate and was greeted by thousands of cheering faithful as he stepped out onto a balcony overlooking St. Peter’s Square to be presented to the world.

“May peace be with you,” the new pope told a cheering crowd waving flags.

The new pope inherits from his predecessor Pope Francis a church that is facing internal strife between progressives and conservatives over matters such as divorce and LGBTQ+ issues, while trying to navigate geopolitical tensions.

On this episode, hear from:

Professor Natalia Imperatori-Lee of Manhattan University on the selection of a new Pope
Bloomberg News UK Government reporter Joe Mayes & Bloomberg Economics US Economist Stuart Paul on the US-UK trade deal framework

Plus, hear highlights from Carol Massar's live remote broadcast from the Principal Real Estate Conference & Advisory Committee in Arizona

Rich Hill, Senior Managing Director, Global Head of Real Estate Research & Strategy Principal Asset Management
Kamal Bhatia, President & CEO, Principal Asset Management

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ICYMI: Former Central Bank of Kenya Governor Dr. Patrick Ngugi Njoroge

Thu, 08 May 2025 14:16:46 +0000

Dr. Patrick Ngugi Njoroge, former governor of the Central Bank of Kenya speaks with hosts Carol Massar and Romaine Bostick live from the 28th annual Milken Institute Global Conference

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The 28th Annual Milken Institute Global Conference: Day 3

Wed, 07 May 2025 22:59:31 +0000

The 28th annual Milken Institute Global Conference will, in the organization’s own words, “unite our catalytic community to tackle challenges and seize the opportunity to collectively shape our shared future.” The conference aims to tackle our world’s most pressing issues from climate change to geopolitical hotspots to AI complexities, examining impact on markets and workers globally.

On this special edition of the Bloomberg Businessweek Daily podcast, hear some of the top conversations from our second day at Milken, with hosts Carol Massar and Romaine Bostick live from the conference.

On this episode, we hear from:

BlackRock head of Macro Credit Research Amanda Lynam
Carlyle Global head of research Jason Thomas
Guggenheim Partners Co-president Dina Dilorenzo
PIMCO Mng Dir/President/Global Head of credit research Christian Stracke

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ICYMI: The Intersection of Climate Science and Capital Markets

Wed, 07 May 2025 12:00:00 +0000

Artemeter founder and CEO Olivia Albrecht discusses her firm and the intersection of climate science, capital markets and product innovation. She speaks with Carol Massar and Romaine Bostick from the 28th annual Milken Institute Global Conference in Beverly Hills

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The 28th Annual Milken Institute Global Conference: Day 2

Tue, 06 May 2025 23:19:26 +0000

On this episode, we hear from:

Pimco CEO Manny Roman
Oaktree Capital Co-CEO Armen Panossian
Former Baltimore Mayor Stephanie Rawlings-Blake
Churchill Asset Management President/CEO Ken Kencel

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The 28th Annual Milken Institute Global Conference: Day 1

Mon, 05 May 2025 22:36:57 +0000

On this special edition of the Bloomberg Businessweek Daily podcast, hear some of the top conversations from our first day at Milken, with hosts Carol Massar and Romaine Bostick live from the conference.

On this episode, we hear from:

Carlyle Group Co-Chairman David Rubenstein
US Congressional Budget Office Director Phillip Swagel
Man Group President Robyn Grew
FCC Chairman Brendan Carr

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ICYMI: Falling Satellites and Atmospheric Risks

Mon, 05 May 2025 12:00:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Emily Graffeo speak with Bloomberg Climate Reporter Eric Roston and Bloomberg Space Reporter Sana Pashankar. They discuss their Big Take story on decommissioned satellites and what happens during their scheduled demise as they fall back to Earth.

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Bloomberg Businessweek Weekend - May 2nd, 2025

Sat, 03 May 2025 08:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Perplexed Automakers Take on Tariffs, Supply Chain Struggles

Fri, 02 May 2025 22:18:52 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Pursuits Auto Columnist Hannah Elliott joins to discuss the latest tariff drama and the automakers who are paying the price. Sarah Barnes-Humphrey, Supply Chain and Logistics Expert, and Founder of the 'Let's Talk Supply Chain' Podcast, joins to break down trade war impacts, supply chain challenges and how companies are managing to ship products. Bloomberg News Senior Editor Nina Trentmann breaks down the upcoming edition of the Bloomberg CFO Briefing and how CFOs are approaching deal-making. Drive to the Close with Alexis Browne Roberts, COO at Alexis Investment Partners.

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ICYMI: Wayfair Tops Estimates Despite Tariff Concerns

Fri, 02 May 2025 12:00:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec speak with Kate Gulliver, Wayfair CFO, as the company reports earnings. They also break down trade and shipping concerns amid ongoing tariff uncertainty, and the health of the US consumer.

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Amazon, Apple Earnings and Musk's DOGE Days

Thu, 01 May 2025 22:26:25 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Businessweek columnist and Elon Inc podcast co-host Max Chafkin, and Jennifer Dlouhy, Bloomberg News Senior Reporter, break down the latest Elon Musk news from his 130 days heading-up DOGE, to the confusion around a reported search for a new Tesla CEO. Madison Muller, Bloomberg Health Reporter, explains the latest earnings from Eli Lilly and why CVS is pulling their weight-loss drug in favor of a rival. We get Amazon earnings as they cross with Bloomberg Intelligence Senior U.S. E-Commerce and Retail Analyst Poonam Goyal, as well as Apple earnings with Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman and Bloomberg Technology Co-Host Ed Ludlow. And we Drive to the Close with Max Wasserman, Co-Founder and Senior Portfolio Manager of Miramar Capital.

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Instant Reaction: Amazon Gives Weak Forecast on Trade Concerns

Thu, 01 May 2025 21:29:26 +0000

Amazon.com gave a weaker-than-expected forecast for operating profit in the current quarter, pointing toward tariffs and trade policies that may cause consumers to pull back on spending. The world’s largest online retailer projected operating profit of $13 billion to $17.5 billion, compared with an average estimate of $17.8 billion. Sales will be $159 billion to $164 billion in the period ending in June, the company said Thursday in a statement. Analysts, on average, expected $161.4 billion.

Amazon shares have fallen about 13% this year as Wall Street weighs the impact of President Donald Trump’s tariffs on a retail operation that sources much of its goods from China. Investors are generally bullish on the company’s efforts to become a major force in artificial intelligence, but there are concerns that Amazon’s prodigious spending on data centers may not translate into meaningful sales growth any time soon.

Amazon Web Services, the largest seller of rented computing power, reported first-quarter sales gained 17% to $29.3 billion, in line with analysts’ estimates. It was the unit’s slowest growth in a year.
For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:

Bloomberg Technology co-host Caroline Hyde
Bloomberg Intelligence senior US e-commerce and retail analyst Poonam Goyal

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ICYMI: Climate Progress in the Face of Federal Opposition

Thu, 01 May 2025 12:00:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec speak with Gina McCarthy, Former White House Climate Advisor and EPA Administrator. They discuss President Trump's second term so far, the 'America is All In' coalition, and her take on climate progress in the absence of federal leadership.

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Instant Reaction: Microsoft, Meta, Qualcomm Earnings Results

Wed, 30 Apr 2025 21:45:17 +0000

Microsoft Corp. reported better-than-expected sales and profit, suggesting customer demand hasn’t been rattled by tariffs and wider economic uncertainty. Total revenue in the fiscal third quarter increased 13% to $70.1 billion, while adjusted profit was $3.46 a share, the company said in a statement Wednesday. Analysts on average estimated sales of $68.5 billion and adjusted per-share earnings of $3.21.

Meta Platforms Inc. posted first-quarter sales that beat Wall Street estimates, a sign that the company’s advertising business is so far weathering the Trump administration’s ongoing trade war. Sales were $42.3 billion in the first quarter, the maker of Facebook and Instagram said Wednesday. That beat analysts’ estimates for $41.4 billion for the quarter ended March 31. The company also said current-quarter revenue will be in line with analysts’ expectations, and that it will boost spending as it continues to invest in artificial intelligence.

Qualcomm Inc., the biggest maker of chips that run smartphones, gave a tepid revenue prediction for the current quarter, underscoring concerns that tariffs will hurt demand for its products. Revenue in the period ending in June will be $9.9 billion to $10.7 billion, the company said Wednesday in a statement. The midpoint of that range was slightly below the average analyst estimate of $10.33 billion. The outlook renews concern that the market for smartphones is suffering from a looming trade war.

For instant reaction and analysis to these results, plus other tech earnings, hosts Tim Stenovec and Carol Massar speak with Bloomberg Intelligence senior technology analysts Mandeep Singh and Kunjan Sobhani. Bloomberg Technology Co-Host Ed Ludlow also joins alongside Clockwise Capital Technology Analyst James Cakmak.

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Trump 100 Days Recap and Market Moves Ahead of Big Tech Earnings

Wed, 30 Apr 2025 20:19:29 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Beth Fouhy, Partner at FGS Global, and Hadriana Lowenkron, Bloomberg News National Politics Reporter, recap what we've seen from President Donald Trump's First 100 Days this week. Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses the broader semiconductor space, comments from Nvidia's Jensen Huang, and Qualcomm. Jennifer Welch, Bloomberg Chief Geo-economics Analyst, explains new China-US rhetoric as Nationalist support for Xi grows. We break down the market moves of the week with Gina Martin Adams, Chief Equity Strategist at Bloomberg Intelligence. And we Drive to the Close with Brooke May, Managing Partner at Evans May Wealth.

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ICYMI: Inside the Turmoil at CBS' 60 Minutes

Wed, 30 Apr 2025 11:10:42 +0000

Shari Redstone wanted to know what 60 Minutes was going to say next about President Donald Trump.

The CBS newsmagazine aired two segments involving Trump on April 13 that angered the president, one on his plans to take over Greenland and another an interview with Ukraine President Volodymyr Zelenskiy that discussed US policy in the region. Trump immediately lashed out on social media, saying 60 Minutes should “pay a big price” for its frequent reporting on him, which he called “fraudulent.”

Following Trump’s post, Redstone, who is the chair of CBS’ parent company Paramount Global, had a conversation with CBS Chief Executive Officer George Cheeks to discuss 60 Minutes’ upcoming slate of stories about the president. Redstone indicated which ones she thought were fair and those that could be problematic, according to CBS employees Bloomberg spoke with.

60 Minutes didn’t change its plans based on her feedback, the employees said. The network aired a segment Sunday about Trump’s cuts to the National Institutes of Health. Still, Executive Producer Bill Owens announced to his staff last week that he’s leaving, citing corporate interference at the most-watched TV news program in the US.

The 37-year CBS News veteran said in a memo to staff that it had become clear he “would not be allowed to run the show as I have always run it. To make independent decisions based on what was right for 60 Minutes, right for the audience.”

Also on Sunday night, correspondent Scott Pelley closed out the show with an explanation for Owens’ departure. “Paramount began to supervise our content in new ways,” Pelley told viewers. “None of our stories has been blocked, but Bill felt he had lost the independence that honest journalism requires. No one here is happy about it.”

Owens’ exit is the culmination of months of conflict between Redstone and CBS’ news division, during which the billionaire publicly criticized its decision-making and privately pushed for leadership changes, according to interviews with almost a dozen current and former Paramount employees, most of whom asked to not be identified discussing internal company business. Redstone, Owens and Cheeks all declined to comment. Semafor reported earlier some details about Redstone’s request to hear about upcoming stories.

For more on this story, Tim Stenovec and Emily Graffeo speak with Bloomberg News Entertainment Reporter Lucas Shaw

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Tariff Label Confusion, Eli Manning's Giants Bid, Starbucks Turnaround

Tue, 29 Apr 2025 21:28:45 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Matt Day, Bloomberg Technology Reporter, joins to discuss the latest from Amazon as it dismissed confusion around potential tariff labels on products. Bloomberg US Sports Business Reporter Randall Williams explains why Eli Manning might make a bid for the New York Giants and how he's setting up an investment group for the 10% minority stake. Jennifer Welch, Bloomberg Chief Geo-economics Analyst, sheds light on China's trade-war perspective and how the government is seeking to shape public opinion. Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst reviews Starbucks earnings out after the bell. And we Drive to the Close with Michael Green, Portfolio Manager with Simplify Asset Management.

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Russian Rhetoric, Tax-Plan Stakes, and Trump's First 100 Days

Mon, 28 Apr 2025 20:55:11 +0000

Angela Stent, Senior Fellow at the Brookings Institution, breaks down the latest with President Trump's policy toward Russia and Putin’s Brief Ukraine Truce. Nathan Dean, Bloomberg Intelligence Senior Policy Analyst, joins to discuss tax-plan stakes and what comes next for reconciliation. Esha Dey, Bloomberg News Equity Markets Reporter, explains her story on Trump's first 100 days and the worst stock slump since that of President Ford in 1974. And we Drive to the Close with Carol Schleif, Chief Market Strategist at BMO Private Wealth.

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Bloomberg Businessweek Weekend - April 25th, 2025

Fri, 25 Apr 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Tech Giants Lift Stocks as Trump Casts Doubt on New Tariff Pause

Fri, 25 Apr 2025 20:41:58 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A solid Wall Street week is ending with gains for stocks as a rally in the market’s most-influential group offset conflicting signals about progress in President Donald Trump’s trade negotiations.

The surge in tech mega caps put the S&P 500 on track for its longest advance since January. Tesla shares jumped while Google parent Alphabet Inc. climbed on solid results. Equities briefly lost steam as Trump suggested another delay to his higher so-called “reciprocal” tariffs was unlikely, raising pressure on nations to negotiate trade deals with his administration.

Asked about the possibility of granting another 90-day pause, Trump cast that scenario as “unlikely,” while speaking to reporters aboard Air Force One on Friday. Trump also said that he would not drop tariffs on China, the world’s second largest economy, unless Beijing offers “something substantial” in return.
Trump said he believed financial markets were adjusting to his tariff policy, downplaying the volatility that has hit equity and bond markets this month after he announced plans to hit about 60 US trading partners with higher duties.

Today's show features:

Bloomberg TV & Radio Economics and Policy Correspondent Mike McKee
CFO Briefing with Zach Wasserman, CFO of Huntington Bancshares and Bloomberg News Senior Editor Nina Trentmann
Bloomberg News Wealth reporter Devon Pendleton
Adrianne Yamaki, Founder & Managing Partner with Strategic Wealth Capital

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ICYMI: CFTC's Caroline Pham on Market Volatility

Fri, 25 Apr 2025 12:00:00 +0000

Acting CFTC Chair Caroline Pham offers her assessment of the commodities and derivatives markets amid recent volatility, the viability of the crypto industry, and why DOGE budget cuts are not currently a threat to her agency.

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Trump Says US Talking With China; Alphabet and Intel Report

Thu, 24 Apr 2025 21:35:59 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said his administration was talking with China on trade, after Beijing denied the existence of negotiations on a deal and demanded the US revoke all unilateral tariffs.

“They had a meeting this morning,” Trump said Thursday during a meeting with Norway’s prime minister when a reporter asked about the Chinese statement.

Pressed on which administration officials were involved in discussions, the US president said, “it doesn’t matter who ‘they’ is. We may reveal it later, but they had meetings this morning, and we’ve been meeting with China.”

The exchange exposed the ongoing disconnect between Washington and Beijing, as President Xi Jinping’s government maintains a defiant stance despite Trump’s recent suggestion he could lower tariffs on China.

Separately, the US will demand that Russia accept Ukraine’s right to develop its own, adequately equipped, army and defense industry as part of a peace agreement, according to people familiar with the matter, pushing back on Russia’s insistence that the country largely demilitarize as a condition to end the war.

Meanwhile Google parent Alphabet and Intel reported quarterly earnings after the close of US trading Thursday.

Alphabet reported first-quarter revenue and profit that exceeded analysts’ expectations, buoyed by continued strength in its search advertising business.

First-quarter sales, excluding partner payouts, were $76.5 billion, the company said Thursday in a statement. Analysts had expected $75.4 billion on average, according to data compiled by Bloomberg. Net income was $2.81 per share, compared with Wall Street’s estimate of $2.01.

Alphabet needs to ensure momentum in its internet search advertising and cloud businesses in order to justify its heightened investment in the artificial intelligence race. Competition is prompting the company and its rivals to spend heavily on infrastructure, research and talent. While Google benefits from AI startups spending on its cloud and business tools, it’s also racing to present an answer to popular conversational AI chatbots, which consumers are beginning to think of as an alternative to using Google Search.

Intel Corp., the chipmaker attempting a comeback under new Chief Executive Officer Lip-Bu Tan, gave a weak forecast for the current period and said it’s cutting workers to bring costs in line with the business’s smaller size.

Second-quarter revenue will be between $11.2 billion and $12.4 billion, the company said in a statement Thursday. That was well short of the $12.9 billion average analyst estimate.

The cost-cutting plan will involve “eliminating management layers” to enable it to make faster decisions, Intel said. The company doesn’t yet have an estimate for the one-time expenses associated with the cuts, but expects operating costs to be reduced to about $17 billion this year and $16 billion in 2026. Bloomberg News reported this week that Intel is planning to slash its employee ranks by more than 20%.

Today's show features:
Ed Price, Senior Fellow (non-resident) at New York University and Former British Trade Official
Sheila Kahyaoglu, Jefferies Managing Director in Equity Research
Mark Douglas, MNTN President and CEO and Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, on Alphabet earnings
Ed Ludlow, Bloomberg Technology Co-Host, on Intel earnings

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Instant Reaction: Alphabet Sales Beat on Google Search Advertising

Thu, 24 Apr 2025 21:07:28 +0000

Google parent Alphabet reported first-quarter revenue and profit that exceeded analysts’ expectations, buoyed by continued strength in its search advertising business. First-quarter sales, excluding partner payouts, were $76.5 billion, the company said Thursday in a statement. Analysts had expected $75.4 billion on average, according to data compiled by Bloomberg. Net income was $2.81 per share, compared with Wall Street’s estimate of $2.01.The shares, which have declined 16% so far this year, rose more than 3.5% in extended trading following the report.

For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:

Mark Douglas, MNTN President and CEO
Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Singh

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ICYMI: Whirlpool Corp. CEO Says Tariffs to Benefit Business Going Forward

Thu, 24 Apr 2025 12:00:00 +0000

Whirlpool Corp. maintained its full-year financial outlook despite uncertainly over global tariffs, saying their long-term impact will benefit its position in the US home-appliance market.

The refrigerator-maker still expects net sales of $15.8 billion, while ongoing earnings should be around $10 per share this year, it said in a statement. It also expects to cut more than $200 million of costs from its business.

Marc Bitzer, CEO of Whirlpool Corporation, discusses his company's quarterly earnings and path forward.

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Stocks Notch Back-to-Back Gains as Dollar Climbs

Wed, 23 Apr 2025 21:29:57 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Signs Donald Trump is rethinking the most-aggressive elements of his combative stances on trade and the Federal Reserve spurred back-to-back gains in stocks and the dollar, while soothing volatility across asset classes.

The S&P 500 rose 1.7%, though it pared an earlier surge that had swelled to as much 3.4%, as investors tried to gauge how seriously to take pronouncements of flexibility in negotiations with China and other trading partners. The greenback climbed against most major currencies.

After a report that the US would be willing to phase in lighter tariffs on Beijing over five years on Wednesday, Trump told reporters that China was “going to do fine” once talks had settled. Meantime, Treasury Secretary Scott Bessent said the president hasn’t offered to take down US tariffs on China on a unilateral basis.
Long-maturity Treasury yields fell as Trump allayed fears he would fire Fed Chair Jerome Powell. The yen slid as Bessent said America won’t be pursuing specific exchange-rate targets in its talks with Japan. Bitcoin jumped while haven trades like gold pushed lower.

Today's show features:

Eric Weiner, Bloomberg News Senior Editor, Equities Americas
Katy Kaminski, Chief Research Strategist of AlphaSimplex
Jefferies Senior Technology Research Analyst Brent Thill on IBM earnings
Ross Gerber, President and CEO Gerber Kawasaki Wealth and Investment Management

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ICYMI: The Business of Rare Earth Materials in the US

Wed, 23 Apr 2025 12:00:00 +0000

ICYMI: Joshua Ballard, CEO of USA Rare Earth, discusses the challenges faces American companies interested in producing and refining the crucial raw materials that are used in the likes of missiles, electric vehicles, MRI machines and other advanced technologies - while China stands as their global dominant supplier.

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Recession Fears, Boeing's Maneuver and Tesla's Earnings Miss

Tue, 22 Apr 2025 23:48:21 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Tesla Inc. backed away from an earlier view for 2025 sales growth and pledged to revisit its outlook next quarter, a sign that tariffs, an aging vehicle lineup and the backlash against Chief Executive Officer Elon Musk are having an impact on the electric-vehicle maker.

The company on Tuesday reported adjusted earnings of 27 cents per share for the first quarter, below the average analyst estimate. Tesla omitted an earlier prediction that sales would return to growth for the full year, saying instead that it’s “making prudent investments that will set up” the vehicle business for growth. That will depend on factors including production increases and the “broader macroeconomic environment.”
“It is difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains, our cost structure and demand for durable goods and related services,” Tesla said.

The dimmer outlook for the year follows a tough 2024, when the carmaker missed its annual sales growth target for the first time in more than a decade. It also fell short of analysts’ expectations for first-quarter vehicle sales, which were released earlier this month.

President Donald Trump’s tariffs are compounding Tesla’s challenges, and threaten to upend automotive supply chains globally and drive up costs across the industry. While Tesla is expected to be relatively less affected than many carmakers due to its large plants in California and Texas, its vehicles nevertheless contain some non-US components, and the company has warned of a potential impact.

Today's show features:

Tony Roth, Chief Investment Officer of Wilmington Trust Investment Advisors
Julie Johnsson, Bloomberg News, Senior Aerospace Reporter
Ross Gerber, President and CEO Gerber Kawasaki Wealth and Investment Management

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ICYMI: The YouTube Manager Who Helped Catapult Trump To Victory

Tue, 22 Apr 2025 12:30:00 +0000

ICYMI: Bloomberg big tech team leader Sarah Frier joins to talk about her Businessweek column on YouTube Manager John Shahidi - and how he played a role in sending Trump back to the White House.

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Introducing: Stock Movers

Mon, 21 Apr 2025 23:05:00 +0000

Check out the new Stock Movers Podcast from Bloomberg. Subscribe for five-minute episodes on today's winners and losers in the stock market. Listen on Apple: https://apple.co/4kJ43ON Listen on Spotify: https://tinyurl.com/mr385jv6 Listen on other platforms: https://link.podtrac.com/h0zn7xir

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How the Supreme Court Could Imperil Fed Independence

Mon, 21 Apr 2025 22:30:59 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Supreme Court is considering an emergency petition from President Donald Trump that could imperil the Federal Reserve’s ability to remain independent. And earlier today, President Donald Trump warned the US economy may slow if the Federal Reserve does not move to immediately reduce interest rates, in his latest broadside against Fed Chair Jerome Powell.

Trump said in a social media post Monday that “there is virtually No Inflation,” pointing to lower energy and food prices. “But there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump said, referring to Powell.

Economists widely expect Trump’s tariffs to boost inflation and slow growth, even if just temporarily. While inflation has cooled notably in recent years, it remains elevated. Powell, along with several of his colleagues, has underscored the central bank must ensure new levies don’t lead to a more persistent bout of inflation.

Trump has rattled Wall Street by repeatedly criticizing Powell and suggesting he had the ability to remove the Fed Chair before the end of his term. US equities sank on Monday as traders weighed the chances Powell gets axed, with the S&P 500 Index falling more than 3%.

Trump has privately asked his advisers about the possibility of removing Powell, while some administration officials have warned him against doing so, according to people familiar with the matter. National Economic Council Director Kevin Hassett on Friday told reporters that the president was studying the question of whether he’s able to fire Powell.

While the US economy grew at a healthy clip last year — at a 2.4% pace in the fourth quarter — economists see a tariff-induced drop in business investment and consumption driving a slowdown later this year. Meanwhile, progress on cooling inflation back to the Fed’s 2% target had stalled, but price growth slowed again in March, with the consumer price index rising 2.4% from a year earlier.

Today’s show features:

Lev Menand, associate professor of law at Columbia Law School on his latest Bloomberg Opinion column How Supreme Court Could Imperil Fed Independence: Judge & Menand & Bloomberg News Economics Editor Molly Smith
Bloomberg Economics US Economist Stuart Paul & Bloomberg News Global Economy Reporter Enda Curran on the global economic outlook with IMF spring meetings ahead
Bloomberg Businessweek columnist and Elon Inc podcast cohost Max Chafkin on his Big Take: Trump’s Agenda Is Shaped by Project 2025 Author, Not Elon Musk
And we Drive to the Close with Jeff McClean, CEO of Solidarity Wealth

Hosts: Carol Massar and Tim Stenovec

Producer: Justin Milliner

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ICYMI: Eli Lilly's New Weight Loss Pill

Mon, 21 Apr 2025 13:29:42 +0000

Shares in Eli Lilly surged on Friday after its experimental pill helped patients shed weight and control blood sugar about as well as Ozempic, an advance that could turbocharge what’s already one of the fastest growing markets in medicine. Shares of the drug’s originator Chugai Pharmaceutical Co. also soared.

The triumph of Ozempic, the blockbuster diabetes shot from Novo Nordisk A/S, and related drugs including Zepbound and Mounjaro from Lilly, has set off an all-out push to develop a pill that’s easier to take and less expensive to make. While rivals including Pfizer Inc. have suffered setbacks, analysts said success is critical to creating the $130 billion market they predict by the end of the decade.

Hosts Carol Massar and Tim Stenovec speak with Bloomberg's Damian Garde about the new pill could mean for Eli Lilly.

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Bloomberg Businessweek Weekend - April 18th, 2025

Fri, 18 Apr 2025 13:37:23 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec.

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Instant Reaction: Netflix Logs Record Profit, But Withholds User Data

Thu, 17 Apr 2025 20:50:19 +0000

Netflix reported first-quarter profit that exceeded Wall Street forecasts, boosted by a recent price increase and a strong slate of programming across the globe, like the hit UK series Adolescence. The owner of the world’s most popular online TV network said in a statement Thursday that earnings rose 25% to $6.61 a share, easily beating analysts’ estimates of $5.68. Sales grew 13% to $10.5 billion, in line with projections. This is the first time Netflix has reported financial results without disclosing how many customers it added or lost — the main yardstick investors previously used to gauge the company’s performance. Management is forcing investors to judge its success or failure based on more traditional financial metrics. The company boosted operating income by 27% to $3.3 billion, beating expectations of $3 billion. Its operating margin of 31.7% was more than three percentage points above its own forecast.
For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with Bloomberg News Entertainment Reporter Lucas Shaw and Mark Douglas, President and CEO of MNTN.

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Google's Antitrust Case, Trump's Frustration with Powell

Thu, 17 Apr 2025 20:49:43 +0000

Google illegally monopolized some online advertising technology markets, according to a federal judge, whose ruling marked the latest antitrust setback for the company and a challenge to its main source of revenue.

US District Judge Leonie Brinkema found on Thursday that the Alphabet Inc. unit violated antitrust law in the markets for advertising exchanges and tools used by websites to sell ad space, known as ad servers. But she said the company didn’t meet the definition of a monopoly for a third market of tools used by advertisers to buy display ads.

Alphabet shares quickly sank as much as 3.2% on the ruling, then slightly pared their losses. The stock was down 1.1% at $153.78 at 1:10 p.m. in New York.

Brinkema’s decision marked the second time in a year that Google was found by a court to be an illegal monopolist. A trial begins Monday in Washington on a remedy after the company was found to monopolize the online search market. The Justice Department is seeking to force Alphabet to sell off its Chrome browser.

In the ad technology case, Brinkema wrote in her 115-page opinion Thursday that “Google has willfully engaged in a series of anticompetitive acts to acquire and maintain monopoly power in the publisher ad server and ad exchange markets for open-web display advertising.” For over a decade, Google pushed web publishers to use its tools that both placed ads on websites and help manage their advertising business, the judge found.

Today's show features:

Bloomberg News Legal Team Leader Sara Forden on Google’s Antitrust Case and Supreme Court to Hear Citizenship Case
Michael McKee, Bloomberg International Economics and Policy Correspondent & Bloomberg Federal Reserve reporter Catalina Saraiva on whether the Fed's independence is in question
Ken Natori, President of Natori Company, on how tariffs are impacting retail sector
and we Drive to the Close with ReAnn Mitrione, Founder and CFA at Callan Family Office

Hosts: Carol Massar and Tim Stenovec Producer: Sebastian Escobar

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Disparity of Women on Boards

Thu, 17 Apr 2025 12:24:57 +0000

Heather Spilsbury, CEO of 50/50 Women on Boards discuses the importance of women being on company boards and the non profit's third annual 50 Women to watch for Boards program. 50/50 Women on Boards is a nonprofit education and advocacy campaign driving the movement toward gender balance and diversity on corporate boards.

Hosts: Carol Massar and Tim Stenovec
Producer: Sebastian Escobar

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US China Trade War Heats Up; More Chip Woes

Wed, 16 Apr 2025 21:28:41 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Trump administration is preparing to pressure nations to curb trade with China in negotiations over US tariffs, according to people familiar with the matter.

Dozens of nations are seeking reductions or exemptions from President Donald Trump’s historic import taxes. In exchange for doing so, the US is set to ask them to take steps limiting China’s manufacturing might, a bid to ensure Beijing doesn’t find avenues around Trump’s tariffs.

Trump’s top economic advisers are discussing asking representatives from other nations to impose so-called secondary tariffs, essentially a monetary sanction, on imports from certain countries with close China ties, according to a person familiar with the process. The US also wants trading partners to refrain from absorbing excess goods from China, other people said. Other concessions on China may also be put on the table.

Mexican officials are expecting the US to ask their country to increase tariffs on electric vehicle imports from China, according to a person familiar with the government’s thinking. Mexico’s economy ministry declined to comment.

Today's show features:

Caroline Freund, Dean of the School of Global Policy and Strategy at UC San Diego on US/China relations
Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani & Bloomberg Technology co-host Ed Ludlow on latest Nvidia & AMD news
Silvio Tavares, CEO at VantageScore on bank consumer sentiment and retail tariffs affecting credit scores
and we Drive to the Close with David Harden, CIO of Summit Global Investments

Hosts: Carol Massar and Tim Stenovec Producer: Sebastian Escobar

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US Stance in Age of Economic Warfare; Broken Student Loan System

Wed, 16 Apr 2025 12:31:40 +0000

Columbia University Senior Research Scholar and Professor Edward Fishman on US credibility and how that is affecting its stance in the midst of a global trade war. Plus, Bloomberg News Higher-Education Finance Reporter Janet Lorin on Harvard's fight with the Trump administration and Jillian Berman on her book, "Sunk Cost, Who’s to Blame for the Nation’s Broken Student Loan System and How to Fix It"

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Tariff Obsession Bleeds to Mar-a-Lago Membership; EV's in Trump's America

Tue, 15 Apr 2025 20:25:11 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Today's show features:

Bloomberg Businessweek National Correspondent Josh Green on Trump’s Tariff Obsession
Bloomberg News Finance Reporter Katherine Doherty on Bank of America Earnings & Bloomberg News US Finance Team Leader Sally Bakewell on Citi Earnings
Bloomberg Detroit Bureau Chief David Welch, on today's Big Take: Mary Barra Is Trying to Sell EVs in Trump’s America
and we Drive to the Close with Alan Zafran, Founding Partner and Co-CEO at IEQ Capital

Hosts: Carol Massar and Tim Stenovec Producer: Sebastian Escobar

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Tariff Fog with Bokeh Capital's Kim Forrest, RFK Jr's Deep State

Tue, 15 Apr 2025 13:06:11 +0000

Kim Forrest, Founder and CIO of Bokeh Capital Partners, discusses why the tariff war has highlighted people's short term views on the market and to "keep calm and invest on." Plus, Bloomberg Tech Reporter Riley Griffin on RFK Jr. warning his FDA staff of ‘Deep State’ in All-Hands Meeting

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Meta's Day in Court, Restoring US Credibility

Mon, 14 Apr 2025 20:28:36 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Mark Zuckerberg took the stand in federal court Monday as the first witness in the US Federal Trade Commission’s antitrust trial seeking to break up Meta Platforms Inc.
The company’s founder and chief executive officer will face questions about the company’s acquisitions of Instagram and WhatsApp. The FTC is seeking to force Meta to divest those platforms, alleging the acquisitions gave Meta an illegal monopoly on portions of the social networking industry.

In initial questioning by the FTC’s lead trial lawyer, Daniel Matheson, Zuckerberg described the company’s early history and acknowledged that he rejected advice to sell the company early on because it would not be possible to compete with MySpace.
Zuckerberg went on to describe the creation of the Facebook news feed in 2006 to facilitate “real connections to actual friends.” That use is key to the FTC’s argument that the company is primarily focused on sharing information with friends and family.
Today's show features:

Bloomberg Intelligence Senior Antitrust Litigation Analyst Jen Rie on Meta Faces Potential Breakup With Start of Antitrust Trial
Bloomberg News Editorial Board Member Christine Harper on Volcker’s Lessons for Restoring US Credibility
Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple's Supply Chain
We Drive to the Close with Andrew Slimmon, Senior Portfolio Manager at Morgan Stanley Investment Management

Hosts: Carol Massar and Tim Stenovec Producer: Sebastian Escobar

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S&P 500 Notches Its Best Week Since November 2023

Fri, 11 Apr 2025 22:21:18 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Wall Street’s gyrations shook markets anew, with stocks wiping out losses to extend their best weekly rally since 2023. The rebound came as a selloff in longer-term Treasuries and the dollar abated, following a few chaotic days that underscored fears foreign investors are beating a retreat from American assets.

Volatility shows little signs of easing as concerns that President Donald Trump’s fast-evolving trade policy is not only shaking the global economy, but threatening the US status as the world’s safe haven. The S&P 500 jumped about2% on a report that a Federal Reserve official said the central bank is ready to help stabilize markets, if needed. US 30-year yields dropped, while still remaining up by 45 basis points since last Friday.

Not since the pandemic has there been this little clarity on the outlook for economies, markets and businesses, with China unleashing retaliatory measures and Trump pausing some levies only hours after they took effect. Variations of “uncertainty,” “unknowns” and “turbulence” arose again and again as three of the biggest US banks kicked off the industry’s earnings reports on Friday. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he expects “a kerfuffle” in Treasuries that prompts a Fed intervention.

Today's show features:

Bloomberg News Chief Wall Street Correspondent Sridhar Natarajan and Bloomberg Intelligence Senior Analyst for Global Investment Banks & Asset Managers Alison Williams on bank earnings
Paul Rice, Founder of Fair Trade USA, and author of "Every Purchase Matters: How Fair Trade Farmers, Companies, and Consumers Are Changing the World"
Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies, and Bloomberg News metals and mining reporter Joe Deaux

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Bloomberg Businessweek Weekend - April 11th, 2025

Fri, 11 Apr 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @B

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ICYMI: Louis Navellier on Earnings Optimism

Fri, 11 Apr 2025 12:30:00 +0000

Louis Navellier, Chairman, Founder and CIO of Navellier & Associates, explains why he's optimistic about markets with quarterly earnings set to start rolling out in full force, and why he believes "the bond vigilantes are in charge" at the White House following President Donald Trump's temporary tariff pullback.

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Markets Plummet as Tariff-War Woes Fuel Exodus From US Assets

Thu, 10 Apr 2025 23:36:02 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Less than 24 hours after President Donald Trump backtracked on his once-in-a-century trade war to prevent a meltdown in financial markets, frantic selloffs hit US stocks, bonds and the dollar yet again as fears of a worldwide recession engulfed Wall Street.

The S&P 500 Index ended the day down 3.5% as investors seized on Wednesday’s historic rebound to sell. Long-term Treasuries sank, sending yields soaring after a brief respite. The dollar tumbled for a third day as traders liquidated US assets in favor of haven currencies like the Swiss franc, which surged by the most in a decade. Meanwhile, oil prices fell further.

In a measure of how volatile markets have become since Trump announced his plan to impose punitive tariffs on dozens of America’s trading partners, the S&P 500’s gyrations in the past two trading have rivaled those unleashed by the pandemic and the 2008 financial crisis.

The moves, in the end, all pointed toward the same sobering conclusion: Trump’s chaotic tariff rollouts — regardless of where they eventually settle — is rapidly undermining confidence in the US economy and threatening to keep markets on edge for the next three months as traders wait to see how it will all play out.
Today's show features:

Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams on markets
Ryan Detrick, Chief Market Strategist with The Carson Group
Mike Siegel, Goldman Sachs Global Head of Insurance Asset Management & Global Head of Liquidity Solutions and Bloomberg TV Global Finance Correspondent Sonali Basak

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US-China Decoupling Threat

Thu, 10 Apr 2025 12:30:00 +0000

China Beige Book International Chief Operating Officer Shehzad Qazi examines President Donald Trump's latest salvos in the US-China trade war and discusses the odds of an economic decoupling between the two superpowers.

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A "Rip Your Face Off Rally"

Wed, 09 Apr 2025 23:51:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump’s pledge to pause tariffs on some trading partners ignited the biggest burst of buying Wall Street has seen since 2008. Trump announced a 90-day pause on higher reciprocal tariffs that hit dozens of trade partners after midnight, while raising duties on China to 125%.

After narrowly avoiding a bear market, the S&P 500 staged a historic bounce from a selloff that wiped out trillions from global share prices amid the specter of a full-blown trade war that fueled fears of a US recession. The equity benchmark soared 9.5%, the most since the global financial crisis, while the Nasdaq 100 surged 12% as euphoria gripped markets after four days of bruising, high-volume trading. Nearly every stock in major gauges rose.

Treasuries staged a tentative return to normalcy as investors dumped havens on fear of missing out on the great risk rebound. Two-year US yields briefly spiked past 4% as traders pared expectations for Federal Reserve rate cuts this year.

Today's show features:

Vincent Cignarella, Bloomberg Markets Live Macro Strategist
Brent Schutte, Chief investment Strategist at Northwestern Mutual Wealth Management
Danielle DiMartino Booth, CEO & Chief Strategist at QI Research

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Trump Tariffs Upend the Investing Class

Wed, 09 Apr 2025 12:30:00 +0000

ICYMI: Bloomberg News finance reporter Max Abelson explains how the Trump administration's economic policies, particularly when it come to tariffs, are causing global financiers to brace for soured loans, canceled deals, and job losses.

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Late Day Stock Drop; Auto Industry On Edge From Trump Tariffs

Tue, 08 Apr 2025 22:59:19 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Another volatile day on Wall Street pushed the S&P 500 Index back to the brink of a bear market as the Trump administration doubled down on its plans to enact hefty tariffs that threaten to send the American economy into a recession.

The S&P 500 fell 1.6% in a fourth straight session that has seen moves of at least 4% from peak to trough. The index powered higher by as much as 4% in early trading on optimism that President Donald Trump would negotiate lower rates on key allies.

Meanwhile President Trump’s tariffs are rattling US consumers, who are stocking up on everything from cars to olive oil and iPhones. The behavior offers some good news for businesses that are rushing to figure out how to respond to the upheaval caused by Trump’s global trade war.

Today's show features:

Vincent Cignarella, Bloomberg Markets Live Macro Strategy
Wendy Schiller, professor of political science at Brown University
Swamy Kotagiri, Magna International Chief Executive Officer

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ICYMI: More Trump Market Volatility

Tue, 08 Apr 2025 17:23:15 +0000

ICYMI: Trillium economist and portfolio manager Cheryl Smith joins to discuss her outlook on Trump's trade war and how long she sees volatility affecting markets.

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Musk Mulls Next Move as Stocks Swing Again

Mon, 07 Apr 2025 22:33:11 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Tesla Inc.’s stock extended losses Monday, dropping below a price at which Commerce Secretary Howard Lutnick predicted they’d never fall to again.The shares plunged as much as 9.2% to $217.41 as of 9:41 a.m. in New York, amid a broader selloff in global equity markets. Lutnick said during a Fox News interview on March 19 — when Tesla closed at $235.86 — that viewers should buy the stock, saying “it’ll never be this cheap again.” Chief Executive Officer Elon Musk told Tesla employees the following day that they should hang on to their shares.

Meanwhile waves of volatility shook broader markets anew, with stocks, bonds and commodities getting whipsawed by another deluge of headlines around President Donald Trump’s trade war that only reinforced the clouds hanging over the outlook for investing and the economy.
Traders looking for equities to snap back after a selloff of trillions of dollars were faced with a series of twists and turns on Monday. While the S&P 500 moved away from the threshold of a bear market, its bottom-to-top intraday reversal was the biggest since 2020 when Covid upended global trading. Treasuries weakened, with yields across all maturities higher by over 10 basis points — a stark turnaround from the plunge earlier in the day.
Today's show features:

Dan Ives, Global Head of Technology Research at Wedbush Securities
Bloomberg News Equities Americas Team Leader Eric Weiner
Bloomberg News Cross-Asset Reporter Isabelle Lee

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ICYMI: Navigating Tariff Turmoil with Wayfair CFO Kate Gulliver & Optical Foundry CEO Rob Rich

Mon, 07 Apr 2025 16:48:19 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

With markets melting down, we get perspective on how business leaders are navigating the President Donald Trump's sweeping tariffs. We speak with Wayfair CFO Kate Gulliver and Bloomberg News senior editor Nina Trentmann joins for a conversation with Optical Foundry CEO Rob Rich.

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Stocks Suffer Worst Meltdown Since Covid

Fri, 04 Apr 2025 23:41:17 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

In every corner of the financial markets, from stocks to bonds to commodities, investors sent Donald Trump the same unmistakable message: The trade war he unleashed is threatening to set off a worldwide recession — and fast.
With China retaliating less than 48 hours after the US president rolled out his punitive tariffs, traders are pricing in what increasingly looks like a negative-feedback loop as Trump shows little signs of backing down.

The frantic two-day selloff unleashed by Trump’s decision left little unscathed, hammering stock prices in Asia, Europe and the developing world, and prompted investors to race into havens like government bonds.

It hit the US hardest, worsening Friday after Federal Reserve Chair Jerome Powell said the trade-policy shift is likely to slow growth and spur inflation — a vexing combination that could prevent the central bank from cutting interest rates deeply enough to offset the toll.

As traders dialed back rate-cut bets, the S&P 500 Index tumbled 6%, capping the steepest two-day slide since the pandemic hit the US in March 2020 and wiping out some $5 trillion of value. The tech-heavy Nasdaq 100 also posted a similar drop, leaving it down more than 20% from its mid-February peak.

Today's show features:

Peter Berezin, chief global investment strategist at BCA Research
Bloomberg News Chief Correspondent Global Macro Markets Liz McCormick
Bloomberg News Technology Reporter Kurt Wagner & Bloomberg News Senior Editor for Technology & Strategic Industries Michael Shepard
Alan Guarino, Vice Chairman at Korn Ferry

Hosts: Carol Massar and Tim StenovecProducer: Justin Milliner

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Bloomberg Businessweek Weekend - April 4th, 2025

Fri, 04 Apr 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Challenging Tariff Turmoil Facing Companies and Investors

Thu, 03 Apr 2025 22:27:29 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Dr. Rebecca Homkes, Lecturer at the London Business School and author of "Survive, Reset, Thrive," joins to discuss the broader impacts of tariffs on companies and how they can work through the uncertainty. We continue to talk tariffs and their economic impacts with Peter Atwater, President of Financial Insyghts and Adjunct Professor of Economics at William & Mary. Tracie McMillion, Head of Global Asset Allocation Strategy at Wells Fargo Investment Institute, discusses the markets and gives her investment outlook amid current conditions. And we Drive to the Close with Mace McCain, Chief Investment Officer at Frost Investment Advisors.

Hosts: Carol Massar and Tim Stenovec.

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Google Cloud Chief Information Security Officer on Risk Mitigation

Thu, 03 Apr 2025 17:01:34 +0000

Google Cloud Chief Information Security Officer Phil Venables discusses cybersecurity considerations for open-source large language models and risk mitigation. He speaks with Bloomberg's Carol Massar and Tim Stenovec.

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Trump Tariffs: Everything You Need to Know

Thu, 03 Apr 2025 09:56:31 +0000

This is a special edition of the Bloomberg Daybreak: US Edition podcast.
Subscribe to the show:
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On today's episode:
President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world.Trump announced Wednesday he will apply at least a 10% tariff on all exporters to the US, with even higher duties on some 60 nations, to counter large trade imbalances with the US. That includes some of the country’s biggest trading partners, such as China — which now faces a tariff of well above 50% on many goods — as well as the European Union, Japan and Vietnam.“For years, hard-working American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense,” Trump said during an event in the White House Rose Garden to unveil the so-called reciprocal tariffs. “Now it’s our turn to prosper.”The move marks a dramatic escalation in Trump’s trade war, one that risks triggering retaliation from other countries and upends calculations for businesses and consumers at home. China and the EU, America’s largest trading partner, both said they were preparing to take countermeasures in response.The US president has embraced tariffs as a tool to assert US power, revive manufacturing at home and exact geopolitical concessions — counter to the decades-old consensus that lower trade barriers help to foster ties among nations and prevent conflicts. Economists say the near-term result of his measures will likely be higher US prices and slower growth — or perhaps even a recession.Global financial markets were hit by a sweeping selloff after Trump’s announcement, with US equity futures slumping as much as 4%.Gold hit an all-time high and the traditional haven Japanese yen soared, while China maintained its daily support of the yuan. Ten-year Treasury yields fell toward the closely-watched 4% level, their lowest since October.Read More: Fear Grips Markets as Trump Tariffs Raise Risks to Global GrowthLess than three months after returning to the White House, Trump has already erected trade barriers that are bigger by some measures than those imposed in the notoriously protectionist 1930s. Bloomberg Economics calculates that the effective tax rate the US now charges on more than $3 trillion of imported goods may climb to around 23% — higher than any point in more than a century.A statement published Wednesday by the United States Trade Representative explained the Trump administration calculated its raft of new tariffs primarily based on existing trade balances. Countries running a trade surplus with the US faced a flat 10% rate regardless, as did nations where trade was roughly even.There’s a small difference in the tariff rates first announced by Trump and more than a dozen of those listed in the annex that accompanied the White House executive order. For countries like South Korea, Myanmar, Pakistan and India, the rates in the annex are about 1 percentage point higher than the initial announcement.The 10% baseline charge on everyone takes effect after midnight Saturday. The higher duties on targeted countries — which replace, rather than add on top of the 10% rate — are due to kick in on April 9, the White House said.Read More: List of Reciprocal Tariffs by CountryFor now, the new measures don’t include Canada and Mexico, which are embroiled in a separate on-and-off tariff dispute with the US. They also won’t apply to some products that are subject to separate duties tied to so-called Sec. 232 investigations such as autos, semiconductors and lumber.The reciprocal tariffs were “much worse than we feared,” said Mary Lovely, a senior fellow at the Peterson Institute for International Economics. There’ll be “huge implications for rerouting of trade,” she said.The president, who’s sought to frame his trade plans as a boost for his blue-collar voters, was joined in the Rose Garden by union members and workers from various industries — including a retired autoworker who spoke on stage. Later, Trump brandished large boards during his 48-minute address to display each nation’s new rate.

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Amazon's TikTok Bid; Plus, AWS and the State of AI

Wed, 02 Apr 2025 20:33:52 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Spencer Soper, Bloomberg Technology & E-Commerce Reporter, discusses Amazon's last minute bid to acquire TikTok. Dave Brown Vice President, AWS Compute & Networking, breaks down the state of AI, computing and innovation. Ava Benny-Morrison, Bloomberg News Legal Reporter, explains a federal judge's ruling to dismiss corruption charges against Eric Adams. And we Drive to the Close with Noah Hamman, Founder & CEO of AdvisorShares.

Hosts: Carol Massar and Tim Stenovec.

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GoDaddy CFO Mark McCaffrey Talks Company IPO and Outlook

Wed, 02 Apr 2025 15:18:36 +0000

GoDaddy CFO Mark McCaffrey joins to discuss the company's transformation post-IPO and to give his outlook on the small business sector. He speaks with Bloomberg's Carol Massar and Tim Stenovec.

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EVs, Big Pharma, Tech and the Tariff Threat

Tue, 01 Apr 2025 21:28:38 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Sean Tucker, Editor at Kelley Blue Book, joins to discuss the latest on Tesla and the tariff impact. Brad Carson, President of Americas for Responsible Innovation, continues the tariff conversation and the impact on data centers and AI infrastructure. Bloomberg Health Reporter Madison Muller and Bloomberg Intelligence Senior Pharmaceutical Analyst Sam Fazeli discuss the tariff threats to the health sector and pharmaceuticals. And we Drive to the Close with Ross Mayfield, Investment Strategist at Baird Private Wealth Management.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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AI Gender Skills Gap, Bitcoin and Energy

Tue, 01 Apr 2025 12:10:52 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Jenni Troutman, Director of AWS Training & Certification, discusses the AI gender and skills gap. Fred Thiel, CEO of MARA, discusses the business of Bitcoin mining and the US energy supply.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Musk’s XAI Deal Offers an Unexpected Win for X Investors

Mon, 31 Mar 2025 20:09:43 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Technology Reporter Kurt Wagner discusses Elon Musk acquiring the social network formerly known as Twitter for the second time in three years.
Musk, the world’s richest person, on March 28 used his artificial intelligence startup, xAI, to purchase his social media platform in an all-stock deal that values X at $33 billion, not including debt. The new joint entity, which will be called XAI Holdings, has a value of more than $100 billion, again excluding debt, Bloomberg News reported.
The deal was a surprise, but not necessarily shocking: The two businesses have worked together closely since xAI’s founding in 2023, including on data licensing and product distribution for xAI’s chatbot, Grok. They also share many of the same investors, and in some cases, employees even share office space in Palo Alto, California.
The transaction valued xAI at $80 billion, Musk said — a jump from a valuation of about $50 billion in November, the last time the company raised money from investors. The $33 billion equity value of X in the deal is about the same as its valuation in a recently closed funding round, and also close to Musk’s take-private price in 2022, which also counted $12 billion in debt.
Chris Brigati, Chief Investment Officer at SWBC, talks about avoiding panic-trading in volatile markets. Jacqui Canney, Chief People & AI Enablement Officer at ServiceNow, explains why today’s leaders need to be building an AI-first workforce. And we Drive to the Close with Vinny Catalano, Chief Markets Strategist at Stuyvesant Capital Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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A Bold Exploration of Modern Business Risk in a Volatile World

Mon, 31 Mar 2025 11:37:02 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Sean West, Co-Founder of Hence Technologies, discusses his book Unruly: Fighting Back when Politics, AI and Law Upend the Rules of Business.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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CoreWeave Drops 2.5% After Heavily Downsized $1.5 Billion IPO

Fri, 28 Mar 2025 20:17:45 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News News IPO Reporter Ryan Gould and Bloomberg News Equities Reporter Bailey Lipschultz break down CoreWeave shares slipping on Friday in its market debut after the cloud-computing provider raised $1.5 billion in a downsized initial public offering.
The company’s stock opened at $39 each on Friday, below the $40 per share initial public offering. The cloud-computing provider sold 37.5 million shares at $40 apiece, down from an initial plan of 49 million shares at $47 to $55 each that might have raised as much as $2.7 billion.
Nvidia Corp., an existing investor in CoreWeave, anchored the share sale with an order of about $250 million, a person with knowledge of the matter told Bloomberg, asking not to be identified because the information was private. Representatives for Nvidia declined to comment.
Bloomberg News International Economics & Policy Correspondent Michael McKee discusses US PCE and consumer data. Bloomberg News Equities Reporter Carmen Reinicke explains why Reddit’s 50% plunge has failed to Entice dip buyers as growth slows. Joel Weber, Head of Bloomberg Explains, announces the launch of the Bloomberg Pointed News Quiz. JustAnswer CEO Andy Kurtzig discusses urging other tech leaders to join him in continuing the fight for Ukraine's freedom. And we Drive to the Close with Rob Thummel, Senior Portfolio Manager at Tortoise Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - March 28th, 2025

Fri, 28 Mar 2025 18:45:19 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Portraits of the Indian Americans at the Forefront of the Wave of Indian Success Stories

Fri, 28 Mar 2025 11:43:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Journalist Meenakshi Ahamed discusses her book Indian Genius: The Meteoric Rise of Indians in America. Goodwill CEO Steve Preston shares the details of the American Opportunity survey and closing the opportunity gap. Bloomberg Businessweek Freelance Contributor Michael Waters talks about his Businessweek Magazine story The Secretive Billionaire Behind America’s Most Corporate City.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump’s Auto Tariffs, Threats on Allies Intensify Trade War

Thu, 27 Mar 2025 20:09:32 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News News Senior Reporter Jennifer Dlouhy discusses President Trump signing a proclamation to implement a 25% tariff on auto imports and pledged harsher punishment on the EU and Canada if they join forces against the US, expanding a trade war and triggering threats of retaliation.
“What we’re going to be doing is a 25% tariff on all cars that are not made in the United States,” Trump said at the White House on Wednesday as he pushed ahead with a program seeking to bring more manufacturing jobs to the US.
Hours later, Trump suggested further tariffs would be imposed on the European Union and Canada if they worked together “to do economic harm” to the US. The reaction in currency markets including the euro and Canadian dollar was muted, and the S&P 500 fluctuated to start the day Thursday.
Bloomberg Economics US Economist Stuart Paul explains what Trump’s auto tariffs could mean for GDP and inflation. Katie Hubbard, EVP of Capital Markets for Walton Global, shares her thoughts on US housing data. Austin Walker, CEO of A. Walker & Company, talks about the Trump administration’s impact on affordable housing. And we Drive to the Close with Katie Nixon, CIO at Northern Trust Wealth Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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An Action Plan for Women to Manage Their Money

Thu, 27 Mar 2025 11:32:28 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Journalist Alison Kosik discusses her book What’s up With Women and Money?: How To Do All the Financial Stuff You’ve Been Avoiding. Brooke May, Managing Partner at Evans May Wealth, talks about investor’s focus shifting from inflation to tariffs. Andrew Collins, President & CEO of Sentient Jet, shares his thoughts on the state of private aviation.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump Weighs Imposing Copper Import Tariffs in Weeks, Not Months

Wed, 26 Mar 2025 20:16:20 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Metals & Mining, Heavy Machinery Reporter Joe Deaux explains that US tariffs on copper imports could be coming within several weeks, months earlier than the deadline for a decision, according to people familiar with the matter.
US President Donald Trump in February directed the Commerce Department to open an investigation into potential copper tariffs and submit a report within 270 days, though it’s now expected to be resolved sooner, said the people who asked not to be identified because the discussions are confidential.
Rajeev Sharma, Managing Director of Fixed Income at Key Private Wealth, discusses finding safe havens amid macro tumult. Ruth Foxe Blader, Founder and Managing Partner of Foxe Capital, talks about seeing a generational technology revolution with AI. And we Drive to the Close with Sevasti Balafas, CEO at GoalVest Advisory.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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A Guide to Embracing Your Boldest Self in Pursuit of What You Want

Wed, 26 Mar 2025 11:36:38 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Former Google Executive Jenny Wood discusses her book Wild Courage: Go After What You Want and Get It.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump’s Threat of ‘Secondary Tariffs’ Invents New Trade Tool

Tue, 25 Mar 2025 20:10:39 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News US Treasury Reporter Daniel Flatley discusses President Donald Trump appearing to invent a new economic statecraft tactic on Monday by threatening what he dubbed “secondary tariffs” on countries that buy oil from Venezuela to choke off its oil trade with other nations.
The threat, delivered via Truth Social post then confirmed in an executive order, said countries could face 25% tariffs on trade with the US if they purchase oil and gas from Venezuela, which is already under heavy US sanctions. The move was meant to pressure Venezuela for the “tens of thousands of high level, and other, criminals” that Trump said Venezuela has sent to the US.
The novel approach adds to a growing list of tools that Trump has been eager to deploy as part of a push to use America’s economic clout as leverage in achieving its foreign and domestic policy goals. The idea seems certain to increase tensions with the Latin American nation over immigration and foreign policy.
Bloomberg News Tech Reporters Julia Love and Davey Alba share the details of their Businessweek Magazine story Google Reshapes Search Around AI as It Races Rivals Like ChatGPT. And we Drive to the Close with Julie Biel, Chief Market Strategist at Kayne Anderson Rudnick.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Tariff Impact on Alcohol, Markets, Economy and More

Tue, 25 Mar 2025 11:30:41 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Ali Anderson, CEO of CraftCo, discusses the evolving landscape of the alcohol industry amid shifting consumer habits and potential tariffs. Doug Ciocca, CEO at Kavar Capital, explains why the markets are suffering from TIP….Tariff Implementation Paralysis.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump Plans His Tariff ‘Liberation Day’ With More Targeted Push

Mon, 24 Mar 2025 20:06:31 +0000

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Bloomberg News Senior White House Correspondent Josh Wingrove discusses President Donald Trump poised to be more targeted than the barrage of tariffs he has occasionally threatened, aides and allies say, a potential relief for markets gripped by anxiety about an all-out tariff war.
Trump is preparing a “Liberation Day” tariff announcement on April 2, unveiling so-called reciprocal tariffs he sees as retribution for tariffs and other barriers from other countries, including longtime US allies. While the announcement would remain a very significant expansion of US tariffs, it’s shaping up as more focused than the sprawling, fully global effort Trump has otherwise mused about, officials familiar with the matter say.
Trump will announce widespread reciprocal tariffs on nations or blocs but is set to exclude some, and — as of now — the administration is not planning separate, sectoral-specific tariffs to be unveiled at the same event, as Trump had once teased, officials said.
Marina Khaustova, COO of Crystal Intelligence, provides insights into the overlooked regions facilitating crypto-based sanctions evasion. NYU Medical Center Physician Dr. Sue Decotiis looks at the science behind trending weight loss trends. And we Drive to the Close with Sarah Ponczek, Financial Advisor at UBS Private Wealth Management. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Introducing: Stock Movers

Mon, 24 Mar 2025 14:00:00 +0000

Stock Movers is a new, five-minute report on today's winners and losers in the stock market. Listen for analysis on the companies making news in markets.

Listen on Apple: https://podcasts.apple.com/us/podcast/stock-movers/id1803209456

Listen on Spotify: https://open.spotify.com/show/1LhpIazkwQ9bSkxHsjknI8?si=1233c9c58f1e4e16&nd=1&dlsi=b25af9cebbca4895

Listen Anywhere: https://link.podtrac.com/h0zn7xir

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The Making of Modest Athletic Wear

Mon, 24 Mar 2025 11:27:40 +0000

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Candice Safdieh, Founder and CEO of Snoga Athletics, discusses meeting the need for modest fashion in the athletic industry.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - March 21st, 2025

Fri, 21 Mar 2025 22:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."

Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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FedEx Falls After Outlook Cut Again Amid Economic Worries

Fri, 21 Mar 2025 20:19:31 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Logistics Analyst Lee Klaskow breaks down FedEx shares falling on Friday after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments.
Adjusted earnings are now expected to be in the range of $18 to $18.60 per share this fiscal year, below the $18.95 average analyst estimate. FedEx also cautioned that revenue may be slightly down versus the prior year, compared to its previous expectation that sales would be roughly flat.
FedEx is the latest US company to sound the alarm amid weakening consumer confidence and potential fallout from President Donald Trump’s escalating trade war. The parcel company, considered an economic bellwether because of its exposure to a broad swath of the global economy, said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.
Siemens Healthineers CFO Jochen Schmitz and Bloomberg News Senior Editor Nina Trentmann talk about tariffs and supply concerns for the medical technology company. Josh Weinstein, CEO of Carnival, shares his thoughts on earnings and the impact of geopolitical matters on the cruise business. HPE CEO Antonio Neri explains how the market should be viewing AI technology. Jeremy Jansen, Managing Director of Supply Chain Finance at Wells Fargo, discusses supply chain concerns and tariffs creating uncertainty for many businesses and consumers. And we Drive to the Close with Marta Norton, Chief Investment Strategist at Empower.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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The Investigation Into the Mysterious Identity of Bitcoin’s Creator

Fri, 21 Mar 2025 11:35:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Journalist Benjamin Wallace discusses his book The Mysterious Mr. Nakamoto: A Fifteen-Year Quest to Unmask the Secret Genius Behind Crypto.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Federal Reserve Still on a Path Toward Lower Interest Rates

Thu, 20 Mar 2025 20:16:56 +0000

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Bloomberg News Economics Editor Molly Smith and Bloomberg Opinion Columnist Conor Sen discuss how a surprisingly strong reading on the US housing market added fuel to stocks just a day after Federal Reserve Chair Jerome Powell downplayed mounting economic concerns amid President Donald Trump’s trade war.
Equities rose as data showed US existing-home sales topped estimates and the jobs market remained fairly resilient. While the Federal Reserve kept its benchmark rate steady at its meeting this week, investors are betting that the central bank will still likely cut rates this year. The yield on the benchmark 10-year Treasury fell Wednesday.
Bloomberg News US Sports Business Reporter Randall Williams talks about the Boston Celtics being bought by Chisholm-led group in $6.1 billion deal. Bloomberg Originals Chief Correspondent Jason Kelly shares the details of the 10th annual Brackets for a Cause charity competition. Peter Atwater, Adjunct Professor of Economics at William & Mary, explains why it's investor vulnerability rather than uncertainty that matters. And we Drive to the Close with Paisley Nardini, Asset Allocation Strategist at Simplify Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Fed Holds Rates Steady, Cuts 2025 Growth Projection

Wed, 19 Mar 2025 21:30:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey and Veronica Willis, Global Investment Strategist at Wells Fargo Investment Institute, discuss Federal Reserve officials holding their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for slower economic growth and higher inflation.
The Federal Open Market Committee voted on Wednesday to keep the benchmark federal funds rate in a range of 4.25%-4.5%, and said it would further slow the pace at which it is reducing its balance sheet. Governor Christopher Waller, who supported holding rates steady, dissented from the decision over the balance sheet move.
The decision to hold rates steady comes as President Donald Trump’s ambitious and frequently erratic policy agenda has placed the economy, and the Fed’s ability to keep it on track, under increasing pressure. Trump’s ever-changing plans to levy tariffs on US trading partners have stoked fears of an economic slowdown and raised fresh worries over inflation - a combination that could pull policymakers in opposite directions.
Ryan Detrick, Chief Market Strategist at the Carson Group, provides a technical analysis of the markets. Journalist Charles Hecker discusses his book Zero Sum: The Arc of International Business in Russia. Bloomberg Businessweek Columnist Max Chafkin discusses Elon Musk’s X raising close to $1 billion in fresh equity funding.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Instant Reaction: Jay Powell on the Fed Decision

Wed, 19 Mar 2025 20:30:00 +0000

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, caught between mounting concerns that the economy is slowing and inflation could remain stubbornly high.
Chair Jerome Powell acknowledged the high degree of uncertainty from President Donald Trump’s significant policy changes, but repeated the central bank is not in a hurry to adjust borrowing costs. He said officials can wait for greater clarity on the impact of those policies on the economy before acting.

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100+ Low-Carb, High-Protein Recipes from the Co-Founder of Kaizen Food Company

Wed, 19 Mar 2025 12:17:46 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Arash Hashemi, Co-Founder of Kaizen Food Company, discusses his new cookbook Shred Happens: So Easy, So Good: 100+ Protein-Packed Mediterranean Favorites with a Low-Carb Twist; A Cookbook. Christian Hoffmann, Head of Fixed-Income at Thornburg Investment Management, shares his thoughts on inflation, the Fed and recession concerns.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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US Says Talks for Full Ukraine Ceasefire to Start Immediately

Tue, 18 Mar 2025 20:16:30 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Blomberg News Reporter Tyler Kendall and Angela Stent, Senior Fellow at Brookings Institution, discuss Russian President Vladimir Putin and President Donald Trump agreeing that the movement to peace will begin with an energy and infrastructure ceasefire, according to a US readout of the conversation.
Vladimir Putin committed in a phone call with Donald Trump to limit Russian attacks on Ukrainian energy infrastructure for 30 days but declined to accept the broader ceasefire that the US sought. The Russian and US presidents agreed that the two sides would begin negotiations on a maritime ceasefire in the Black Sea as well as a “full ceasefire and permanent peace,” the White House said in a statement after the call ended. Those talks will begin “immediately” in the Middle East,
Bloomberg Economics US Economist Stuart Paul and Steven Skancke, Chief Economic Advisor at Keel Point, provide a Fed decision preview. Michael Stadler, CTO of Xendee, explains how microgrids can make way for an electrified transportation system for Bloomberg Plugged-In. And Drive to the Close with Scott Ladner, CIO at Horizon Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Examining the Principles and Methods of Modern Corporate Finance

Tue, 18 Mar 2025 11:51:37 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Don Chew, Founding Partner of Stern Stewart & Co, discusses his book The Making of Modern Corporate Finance: A History of the Ideas and How They Help Build the Wealth of Nations. Lesley Marks, CIO of Mackenzie Investments, explains why the US market will have a hard time recovering in the face of the current level of trade uncertainty. Bloomberg Businessweek Editor Brad Stone shares the details of his Businessweek Magazine story College Presidents on Trump, Tuition, Higher Ed Under Pressure.
Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.

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Powell Faces Balancing Act Between Markets and Wait-and-See Mode

Mon, 17 Mar 2025 20:19:22 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg International Economics and Policy Correspondent Michael McKee and Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick discuss why Fed Chair Jerome Powell faces a tricky task this week of both assuring investors the economy remains on solid footing while also conveying policymakers stand ready to step in if necessary.
Even as the Federal Reserve chair has touted US resilience, uneasiness sparked by President Donald Trump’s rapidly escalating trade war has sent stocks tumbling over the past month. Bond yields are down, too, as is consumer sentiment as worries about the economic outlook mount.
“Powell needs to give some sort of a signal that they’re watching it,” said Dominic Konstam, head of macro strategy at Mizuho Securities USA. While the Fed chief will likely make it clear that officials don’t target the stock market, they can’t ignore the recent slide, he warned.
Bloomberg Businessweek Technology Editor Joshua Brustein and Bloomberg News US Semiconductor & Networking Reporter Ian King talk about Nvidia looking past DeepSeek and tariffs for their next chapter. Wendi Whitmore, Senior VP at Palo Alto Networks, explains how AI and geopolitical issues are impacting businesses globally. Bloomberg Businessweek Senior Reporter Amanda Mull discusses why President Trump’s ‘Buy American’ campaign won’t improve the US economy. Jensen Harris, CEO of Textio, explains how the company's AI powered software removes bias from performance reviews, job descriptions and other company communications. And Drive to the Close with George Young, Portfolio Manager at Villere Funds.
Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.

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How Postsecondary Education Can Evolve to Meet the Needs of Next-Generation Learners

Mon, 17 Mar 2025 11:40:49 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Kathleen deLaski, Founder of the Education Design Lab, discusses her book Who Needs College Anymore: Imagining a Future Where Degrees Won't Matter.
Hosts: Tim Stenovec and Norah Mulina. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - March 14th, 2025

Fri, 14 Mar 2025 21:10:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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US Consumer Sentiment Drops, Price Expectations Soar on Tariffs

Fri, 14 Mar 2025 20:08:52 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg International Economics and Policy Correspondent Michael McKee discusses US consumer sentiment falling to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs.
The preliminary March sentiment index dropped to 57.9, the lowest level since November 2022, from 64.7 a month earlier, according to University of Michigan data issued Friday. The figure was weaker than all estimates in a Bloomberg survey of economists.
Consumers expect prices to rise at an annual rate of 3.9% over the next five to 10 years, up 0.4 percentage point from the prior month and the highest in more than three decades. They saw costs rising at an annual rate of 4.9% over the next year, up from 4.3% and the highest since 2022.
Zach Wasserman, CFO of Huntington Bancshares and Bloomberg News Senior Editor Nina Trentmann share thoughts on business sentiment, the consumer and interest rates. Jason Britton, CIO at Reflection Asset Management, talks about markets and tariffs.
Hosts: Tim Stenovec and Norah Mulinda. Producer: Paul Brennan.

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Great Wealth Transfer, Tax Free Tips

Fri, 14 Mar 2025 11:39:02 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Tina Hurley, Head of Planning and Ultra-High-Net-Worth Solutions at Citizens Wealth, discusses the impact of the "Great Wealth Transfer" could have on women. Bloomberg News Wealth Reporter Ben Steverman shares the details of his Businessweek story Trump’s No Tax on Tips Pledge May Cause ‘Crazy Things’ to Happen.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.

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Producer Prices Stall While Details Suggest Firmer Fed Gauge

Thu, 13 Mar 2025 20:10:27 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg International Economics and Policy Correspondent Michael McKee discusses news that wholesale inflation stagnated in February thanks to a sharp decline in trade margins, though one measure of goods prices jumped and details were also less favorable for the Federal Reserve’s preferred inflation gauge.
The producer price index was unchanged from a month earlier following a revised 0.6% increase in January, according to a Bureau of Labor Statistics report released Thursday. Excluding food and energy, the PPI declined for the first time since July.
Brian Vendig, CIO at MJP Wealth Advisors, explains how to take advantage of the market correction. Bloomberg News US Semiconductor & Networking Reporter Ian King discusses Intel naming chip industry veteran Lip-Bu Ta as new CEO. Andrew Durgee, Co-CEO of Republic, talks about attending the White House Digital Assets Summit and what President Trump’s creation of a US Crypto Strategic Reserve could mean for the crypto market. And Drive to the Close with Lyle Fitterer, Co-Lead Municipal Sector & Senior Portfolio Manager at Baird Funds.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.

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Market Anxiety, Angel Investing in Women

Thu, 13 Mar 2025 11:32:30 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Carol Schleif, Chief Market Strategist at BMO Family Office, shares her thoughts on managing market volatility. Jo Ann Corkran, Co-CEO at Golden Seeds, discusses investing in early-stage women-led companies in the US.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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US Inflation Eases, Offering Some Relief Ahead of Tariffs

Wed, 12 Mar 2025 20:08:15 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Economics US Economist Stuart Paul discusses US consumer prices rising at the slowest pace in four months in February, welcome news for American households who remain apprehensive about the potential for tariffs to drive costs higher.
The consumer price index increased 0.2% after a sharp 0.5% advance in January, according to Bureau of Labor Statistics data out Wednesday. Excluding often volatile food and energy categories, the so-called core measure rose 0.2% as well.
The respite, driven in part by a drop in prices for cars and gas, may be short-lived. Economists anticipate that an escalating trade war will drive up prices on a variety of goods from food to clothing in the coming months, testing the resilience of consumers and the broader economy.
Bloomberg News Metals & Mining Reporter Joe Deaux breaks down US metal tariffs sparking retaliation moves and calls for talks. Ed Price, Senior Fellow at New York University, explains how President Trump’s rise marks the end of a long progressive era in the US. Maggie Switek, Senior Director of Research at the Milken Institute, talks about Milken Institute 2025 Global Opportunity Index: Revisiting Latin America and the Caribbean. And Drive to the Close with Philip Palumbo, CEO at Palumbo Wealth Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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How Government at All Levels Created Segregation

Wed, 12 Mar 2025 11:40:32 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Housing Expert and Author Leah Rothstein discusses her book Just Action: How to Challenge Segregation Enacted Under the Color of Law.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump and Canada Bounce Around on Tariffs

Tue, 11 Mar 2025 20:05:32 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Metals & Mining Reporter Joe Deaux discusses President Donald Trump initially saying he was increasing the steel and aluminum tariff on Canadian goods to 50% to retaliate against Ontario’s move to place a levy on electricity sent to the US. Ontario later announced it would suspend that 25% surcharge on electricity sent to the US.
Ontario Premier Doug Ford and US Commerce Secretary Howard Lutnick announced the change in a joint statement on social media, in which the pair said they would meet Thursday in Washington. Trump then commented to reporters at the White House that he would take another look at planned tariffs on Canada.
Bloomberg Intelligence Senior Aerospace, Defense & Airlines Analyst George Ferguson talks about Delta slashing its profit forecast on weakening travel demand. Jennifer Grancio, Head of ETFs at TCW, explains why active investing matters. And Drive to the Close with Doug Ramsey, CIO at Leuthold Group.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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CEO of IDA Ireland on Trump, Tariffs and Taxes

Tue, 11 Mar 2025 11:34:49 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Michael Lohan, CEO of IDA Ireland, discusses how the backdrop of uncertainty in the US presents both challenges and opportunities for international relations and economic strategies. Tamara Bowens, Chief Operating Officer of The Dawson Company, explains how the firm's mixed-use residential developments integrate art into their projects.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Market Volatility Raises Risk-On or Risk-Off Question

Mon, 10 Mar 2025 20:12:02 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams discusses that while the cues from S&P 500 earnings generally support the outlook for stocks this year, the market's tolerance for risk is being dismantled by the combination of high profit expectations (they're the most elevated since 2018), tough comparisons and a year of weakening analyst revisions.
That said, growth is still improving for cyclical sectors and sentiment-driving margin expectations are back on the rise despite problematic cues from inflation. The period of easy earnings beats is likely ending for much of the benchmark, suggesting the fundamental backdrop may become choppier in 2025.
Gwenaelle Huet, Executive Vice President of Europe Operations at Schneider Electric, shares her thoughts on the EU’s economic future around energy policy. Bloomberg News Rates Reporter Michael Mackenzie explains why the bond market's Trump Trade is looking like a recession play. And Drive to the Close with Max Wasserman, Senior Portfolio Manager of Miramar Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Repairing The Broken Rung for Women at Work

Mon, 10 Mar 2025 11:38:22 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
McKinsey Senior Partner Lareina Yee discusses her book The Broken Rung: When the Career Ladder Breaks for Women--and How They Can Succeed in Spite of It. OneTen CEO Debbie Dyson talks about unlocking employment opportunities for hiring skills-based talent, those without a four year degree. Tara Lewis, VP of Community Expansion and Trends at Yelp, discusses America’s booming handy-women industry and the growing “She-Conomy.”
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - March 7th, 2025

Fri, 07 Mar 2025 22:10:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Job Market Softens With Higher Unemployment, Moderate Hiring

Fri, 07 Mar 2025 21:10:51 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg International Economics and Policy Correspondent Michael McKee, Bloomberg News Economics Editor Molly Smith and Jane Oates, Senior Policy Advisor at WorkingNation discuss US job growth steading last month while the unemployment rate rose — a mixed snapshot of a job market hanging in the balance of quickly changing government policy.
Nonfarm payrolls increased 151,000 in February after a downward revision to the prior month, according to a Bureau of Labor Statistics report out Friday. The unemployment rate rose to 4.1%. Friday’s report is the latest evidence that the labor market is softening, with more people permanently out of work, fewer workers on federal government payrolls and a jump in those working part-time for economic reasons. The number of Americans holding multiple jobs climbed to a record of nearly 8.9 million.
That sets a weak backdrop just as President Donald Trump’s policies raise concerns about the broader economy. Inflation has proven sticky in recent months and consumers are starting to pull back on spending, which, if sustained, may lead businesses to rethink their hiring plans.
Bloomberg News Senior Editor Nina Trentmann and Onsemi CFO Thad Trent discuss how the current economic environment is impacting the semiconductor industry. Mary Ellen Iskenderian, CEO at Women’s World Banking, talks about the importance of women’s financial inclusion ahead of International Women's Day. And we Drive to the Close with Tracie McMillion, Head of Global Asset Allocation at Wells Fargo Investment Institute.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Challenging the Narrative that Diversity Equals a Lack of Qualifications

Fri, 07 Mar 2025 12:38:22 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. American Leadership Forum Fellow Shari Dunn discusses her book Qualified: How Competency Checking and Race Collide at Work.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump Says He Will Delay Mexico Tariffs on Goods Under USMCA

Thu, 06 Mar 2025 21:10:03 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Policy Analyst Nathan Dean discusses President Donald Trump saying he will exempt Mexico from his new 25% tariffs on any goods and services that fall under the North American trade agreement known as USMCA, offering a reprieve for a major US trading partner.
“This Agreement is until April 2nd,” Trump said in a social media post Thursday after speaking with Mexican President Claudia Sheinbaum. “I did this as an accommodation, and out of respect for, President Sheinbaum.” The decision came shortly after Commerce Secretary Howard Lutnick said Trump was weighing an exemption for both Mexican and Canadian goods under the agreement, saying he expected Trump to officially decide the scope of the delay on Thursday.
Bloomberg News Real Economy Team Reporter Mark Niquette explains how half a million US Jobs are on the line as DOGE fallout spreads. Thomas Carroll, Founder & CEO at Ballast Rock Asset Management, talks about real estate still facing a period of uncertainty around rates. Ted Mortonson, Technology Strategist at Baird, on Alibaba's AI model that could upend Deepseek.
Former BET CEO and Harvard Alum Debra Lee and Bloomberg News Higher-Education Finance Reporter Janet Lorin discuss how a year after the Supreme Court banned race-based admissions, Harvard Law School's first-year Black student enrollment plummeted — with repercussions way beyond the classroom.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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A Guide to a Better Way to Get Ahead at Work

Thu, 06 Mar 2025 12:33:59 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Melody Wilding, Professor of Human Behavior at Hunter College, discusses her book Managing Up: How To Get What You Need from the People in Charge. Elisha Smith Arrillaga, VP of Research at The Center for Effective Philanthropy, explains why MacKenzie Scott’s controversial approach to philanthropy is working.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Elon Musk’s Many Detractors Are Taking Their Anger Out on Tesla

Wed, 05 Mar 2025 21:10:37 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Senior Technology Reporter Dana Hull discusses Tesla sales plunging in some of the world’s biggest EV markets, and protesters and vandals are targeting the company’s stores. She also explains how Tesla's China-made wholesale deliveries fell to the lowest in more than 2 1/2-years last month, adding to a troubling slide in global sales at a time Chief Executive Officer Elon Musk is increasingly distracted by politics. Bloomberg International Economics and Policy Correspondent Michael McKee shares the details of the Fed Beige Book ADP jobs data and breaks down the latest on US tariffs on Canada and Mexico. Bloomberg Businessweek Europe Editor David Rocks provides the details of the Businessweek Magazine story Greenland Voters Weigh Election’s Most Important Issue: Trump. Emmanuel Metais, Dean of EDHEC Business School and Bloomberg News Senior Editor Dimitra Kessenides discuss why more American are going to Europe to study. And we Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Broadcasting Live from Bloomberg Invest (Part 2)

Wed, 05 Mar 2025 12:36:19 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
NYSE Global Head of Capital Markets Michael Harris explains how the exchange is adapting to meet the demands of issuers, institutional investors, and global markets. Raj Dhanda, Global Head of Wealth Management at Ares Management, discusses how private credit is evolving as traditional banks pull back from lending.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Broadcasting Live from Bloomberg Invest

Tue, 04 Mar 2025 21:04:08 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Meena Flynn, Co-Head of Global Private Wealth Management at Goldman Sachs, discusses advising ultra-high-net-worth individuals. John Roese, Global Chief Technology Officer at Dell Technologies, talks about driving long-term enterprise growth through AI, cloud computing, and edge infrastructure. Bloomberg International Economics and Policy Correspondent Michael McKee breaks down the economic impact of US tariffs. Schonfeld CEO & CIO Ryan Tolkin shares his thoughts on navigating market volatility.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Expecting “Clear Air Turbulence’ for Markets in 2025

Tue, 04 Mar 2025 12:40:51 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Jeff Krumpelman, Chief Investment Strategist at Mariner Wealth Advisors, shares his thoughts on where markets are headed amid volatility and uncertainty. Louise Phillips Forbes, Broker at Brown Harris Stevens, discusses navigating the current real estate environment. Michael Shvo, CEO of SHVO, talks about seeing development growth in San Francisco commercial real estate.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Car Prices Are Poised for $12,000 Surge on Trump’s New Tariffs

Mon, 03 Mar 2025 21:09:22 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Auto Reporter Keith Naughton explains how impending tariffs on Canada and Mexico may increase US car prices by up to $12,000, squeezing consumers and disrupting automotive supply lines. Bloomberg News Managing Editor for Crypto stacy-marie ishmael discusses President Trump's announcement that the US will include three lesser-known digital tokens in its strategic crypto reserve, which was greeted with skepticism in the industry as investors question the project’s merits with Adam Sullivan, CEO of Core Scientific. And we Drive to the Close with Alexis Browne Roberts, COO at Alexis Investment Partners.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - February 28th, 2025

Fri, 28 Feb 2025 23:01:29 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Sharing Untold Stories of Russia’s Occupation of Crimea

Fri, 28 Feb 2025 22:00:06 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
University of Michigan Professor Greta Uehling discusses her book Decolonizing Ukraine: The Indigenous People of Crimea and Pathways to Freedom.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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US Spending Drops on Cold Weather; Inflation Gauge Offers Relief

Fri, 28 Feb 2025 21:09:58 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Economics Editor Molly Smith and Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey discuss US consumers unexpectedly reducing spending on goods like cars in January due to extreme winter weather and a slowdown in services. Cava CFO Tricia Tolivar and Bloomberg News Senior Editor Nina Trentmann talk about investment plans for the Mediterranean fast-casual restaurants. Katie Thomas, Lead at the Kearney Consumer Institute, discusses building consumer trust in an age of skepticism. And we Drive to the Close with Lauren Sanfilippo, Senior Investment Strategist for Merrill and Bank of America Private Bank.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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How Western Indecision and Apathy Made Possible the Return of Brutal Russian Expansionism

Fri, 28 Feb 2025 12:38:09 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Alexander Vindman, (retired) US Army Lieutenant Colonel, discusses his book The Folly of Realism: How the West Deceived Itself About Russia and Betrayed Ukraine. Dr. Iman Abuzeid, CEO at Incredible Health, talks about the career marketplace platform addressing technician shortages and revolutionizing hiring in expansion into home health organizations and ambulatory surgical centers. Dr. Frank Lin, Director of the Johns Hopkins Cochlear Center for Hearing and Public Health, details the campaign to raise awareness about the importance of monitoring, protecting, and optimizing hearing at all ages.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Nvidia Sees Mixed Outlook After Two Years of Blowout Results

Thu, 27 Feb 2025 21:10:55 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News US Semiconductor & Networking Reporter Ian King discusses Nvidia's quarterly sales coming in at about $43 billion, slightly above analysts' estimates, but gross profit margins will be tighter than expected due to the rollout of a new chip design called Blackwell. Bloomberg News Economics Editor Molly Smith explains why from egg prices to housing, US inflation is heating up again. Constance Hunter, Chief Economist at The Economist Group, shares the details of the firm's annual Democracy Index report. Jenny Rooke, Founder of Genoa Ventures, talks about strategies for early-stage investing in high-growth, category-defining companies.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Instant Reaction: Nvidia Delivers Solid Earnings

Wed, 26 Feb 2025 22:38:05 +0000

Nvidia, the chipmaker at the center of an AI spending boom, gave solid quarterly results and a bullish revenue forecast for the current period, even if the numbers didn’t reach the blowout level that some investors were banking on.

The outlook comes at a shaky time for the AI industry. Nvidia shares have dipped this year on concerns that data center operators will slow spending. Chinese startup DeepSeek also sparked fears that chatbots can be developed on the cheap, potentially reducing the need for Nvidia’s powerful chips for AI.

For instant reaction, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with analysts and experts from across the Bloomberg newsroom, including:

Bloomberg News earnings reporter Redd Brown
Bloomberg Technology co-host Caroline Hyde
Bloomberg Intelligence senior tech industry analyst Mandeep Singh
Bloomberg News senior editor for technology and strategic industries Michael Shepard

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State Attorneys General Challenge Musk and DOGE’s Authority

Wed, 26 Feb 2025 21:06:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Connecticut Attorney General William Tong discusses participating in a multi-state lawsuit filed against the Trump administration and the Department of Government Efficiency. Karen Veraa-Perry, Head of iShares Fixed Income Strategy at BlackRock, talks about how investors can play fixed-income through ETFs. Sophie Novati, CEO at Formation, explains AI’s impact on tech hiring. And we Drive to the Close with Vance Howard, CEO at Howard Capital Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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How America Turned the World Economy Into a Weapon

Wed, 26 Feb 2025 12:36:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Edward Fishman, Professor at Columbia University, discusses his book Chokepoints: American Power in the Age of Economic Warfare. Oskar Lewnowski, Founder and Group CEO at Orion Resource Partners, talks about President Trump signing an executive action directing the Commerce Department to examine possible copper tariffs.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Tesla Sales Fall 45% in Europe Amid Musk’s Meddling in Politics

Tue, 25 Feb 2025 21:04:51 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Global Autos Editor Craig Trudell explains why Tesla's sales plunged 45% last month across Europe, as rival carmakers saw a surge in electric-vehicle demand. Paul Eitelman, Chief Investment Strategist at Russell Investments NA, talks about the macro-outlook for global markets. Abby Roach, Portfolio Analyst for the Empiric LT Equity Team at Allspring Global Investments, breaks down Home Depot earnings and the state of the consumer. Utilidata COO Jess Melanson discusses how EVs impact the power grid and using AI to help utilities plan around those energy demands. And we Drive to the Close with Louis Navellier Founder and Chief Investment Officer at Navellier & Associates.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Investing in Women-Led Ventures for Social Impact

Tue, 25 Feb 2025 12:34:36 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Erin Harkless Moore, Senior Director of Investments at Pivotal Ventures, discusses making a commitment to investing in women founders and funders. Katina Sawyer, Vice Chair of the DEI Committee at University of Arizona, explains how businesses can continue supporting DEI employees without legal or political risk.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Apple Will Add 20,000 US Jobs Amid Threat from Trump Tariffs

Mon, 24 Feb 2025 21:29:09 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Technology Analyst Anurag Rana reports on Apple saying it will hire 20,000 new workers and produce AI servers in the US as the company seeks relief from President Trump’s tariffs on goods imported from China. Bloomberg Businessweek Columnist Max Chafkin provides the details of his Businessweek Magazine story Levandowski Deal Pits Self-Driving Startup Against Heavyweights. Monika Bickauskaite-Aleliune, Public Policy Director at Key Elements Group, shares her thoughts on the start of year 4 of Russia's war with Ukraine. And we Drive to the Close with Eric Metz, Chief Investment Officer of SpiderRock Advisors.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Asset Management Executives Cite Technology as Key Driver of Ownership Change

Mon, 24 Feb 2025 12:39:04 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Anna Kooi, National Financial Services Industry Leader at Wipfli, discusses the results of the firm’s on Asset Management Executives survey. Bloomberg Opinion Contributor Kyla Scanlon talks about her piece Gen Z and the End of Predictable Progress.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Evolving Money: The Regulation Revolution (Sponsored Content)

Sun, 23 Feb 2025 11:00:00 +0000

Just as it took the British government a century to catch up to Jonathan Swift’s innovative person-to-person loan program, the U.S. government has been slow to react to crypto, creating bureaucratic and legal hurdles to growth in the industry. But with a new administration and a new Congress, the industry now feels there’s reason to be optimistic that regulatory clarity, and a new chapter in the story of crypto in America, is beginning.

This episode is sponsored by Coinbase.

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Bloomberg Businessweek Weekend - February 21st, 2025

Fri, 21 Feb 2025 23:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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UnitedHealth Falls on DOJ Probe Into Medicare Billing

Fri, 21 Feb 2025 21:14:47 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Health Care Reporter John Tozzi discusses the US Justice Department investigating UnitedHealth's Medicare billing practices. Eurotelesites CFO Lars Mosdorf and Bloomberg News Senior Editor Nina Trentmann examine the business environment in Europe. Bloomberg News Chief Technology Correspondent Mark Gurman talks about President Trump saying Apple CEO Tim Cook promising to shift Apple's manufacturing from Mexico to the US during a meeting at the White House this week. And we Drive to the Close with Kathy Entwistle, Managing Director at Morgan Stanley Private Wealth Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Presenting a Holistic New Approach to Leadership from a Top Female C-suite Executive

Fri, 21 Feb 2025 12:47:13 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Laysha Ward, Executive VP and Chief External Engagement Officer at Target, discusses her book Lead Like You Mean It: Lessons on Integrity and Purpose from the C-Suite.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bessent: US Ready for Ramp-Up or Wind-Down of Russia Sanctions

Thu, 20 Feb 2025 21:06:52 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Opinion International Affairs Columnist Marc Champion discusses US Treasury Secretary Scott Bessent's remarks on US, Russia relations and how Ukraine is just a pawn in a Russian reset. Bloomberg News Consumer Team Leader Emily Cohn breaks down Walmart earnings. Dan Genter, CEO of Genter Capital Management, explains why the US economy can function perfectly well with inflation closer to 3%. Christina Shim, Chief Sustainability Officer at IBM, talks about whether AI infrastructure can keep up with the demands of next-gen technologies. And we Drive to the Close with Ryan Kelley, CIO at Hennessy Funds.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Potential for Nuclear Energy to Power AI Datacenters

Thu, 20 Feb 2025 12:35:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Maria Korsnick, CEO of the Nuclear Energy Institute, discusses the critical role nuclear power has in meeting the energy needs of AI. Jeetu Patel, Chief Product Officer at Cisco, shares the details of the company's AI Readiness Index: Are Companies Prepared to Effectively Implement AI.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Fed Minutes Signal Officials on Hold Until Inflation Improves

Wed, 19 Feb 2025 21:29:45 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg International Economics and Policy Correspondent Michael McKee reports on Federal Reserve officials expressing their readiness to hold interest rates steady amid stubborn inflation and economic policy uncertainty according to the minutes of the FOMC's January meeting. Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey shares his thoughts on Fed policy. Bloomberg News Technology and E-Commerce Reporter Spencer Soper provides the details of his Businessweek Magazine story Temu’s Rise Was Aided by Trump. Now He Poses a Major Threat. Zach Dell, Co-Founder of Base Power Company, talks about his startup that aims to make home energy more affordable and reliable. Vineet Jain, CEO of Egnyte, discusses the impact of China tariffs on the enterprise tech market. And we Drive to the Close with JJ Kinahan, CEO of Tastytrade at IG.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Waze Co-Founder Levine Looks at Managing Startups Through Major Crises

Wed, 19 Feb 2025 12:32:06 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Waze Co-Founder Uri Levine discusses the new edition of his book Fall in Love with the Problem, Not the Solution- A Handbook for Entrepreneurs.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Zelenskiy Out in Cold as US Discusses Ukraine’s Fate With Russia

Tue, 18 Feb 2025 21:13:35 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Angela Stent, Senior Fellow at Brookings Institution, shares her thoughts on Ukrainian President Volodymyr Zelenskiy canceling his visit to Saudi Arabia after being shut out of talks between the US and Russia on the future of his country. Jimmy Lee, CEO at Wealth Consulting Group, talks about investing in cyclical sectors and small cap stocks. Bloomberg Intelligence Senior Aerospace, Defense & Airlines Analyst George Ferguson discusses the Delta upside down crash landing in Toronto. And we Drive to the Close with Lance Cannon, Portfolio Manager at Hood River Capital Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - February 14th, 2025

Fri, 14 Feb 2025 23:28:46 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek.”

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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The Business of Waste Management and Economics' Sherlock Holmes

Fri, 14 Feb 2025 23:18:34 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg News Senior Editor Nina Trentmann discusses the Bloomberg CFO Briefing newsletter this week with Waste Management CFO Devina Rankin. Ben Steverman, Bloomberg Wealth Reporter, and Torsten Slok, Chief Economist and Partner at Apollo Global Management join to discuss Ben's story on Torsten and how he solved a great economic mystery. Lee Schrager, Founder and Director of Food Network South Beach Wine & Food Festival, previews the sights and sounds of this year’s event. Rebecca Egger, CEO of Little Otter, breaks down the importance of investing in mental health. And we Drive to the Close with Ben Cook, Portfolio Manager of the Hennessy Energy Transition Fund.

Hosts: Carol Massar and Tim Stenovec. Producer: Sara Livezey

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Bar Rescue EP Jon Taffer Talks New Season, Industry Outlook

Fri, 14 Feb 2025 17:06:39 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Jon Taffer, Host and Executive Producer of Bar Rescue, discusses his outlook for the bar and restaurant industry and the renewal of Bar Rescue for a 10th season.

Hosts: Carol Massar and Tim Stenovec. Producer: Sara Livezey.

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Navigating Tariffs, US-Russia Relations, Atlassian's F1 Partnership

Thu, 13 Feb 2025 22:26:29 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Atlassian Co-Founder and CEO, Mike Cannon-Brookes joins to discuss business outlook and the company's announcement of their partnership with Williams Racing F1 team. Monika Bičkauskaitė, Public Policy Director at Key Elements Group, joins to discuss the latest on Trump's call with Putin and US-Russia relations. Ali Furman, Consumer Markets Industry Leader at PwC breaks down how tariffs will affect retailers. Are Traasdahl, Founder and CEO at Crisp, discusses the tariff landscape and potential supply chain issues. Jon Taffer, Host and Executive Producer of Bar Rescue, talks about current concerns in the restaurant industry and the new season of his show. And we Drive to the Close with Ben Cook, Portfolio Manager of the Hennessy Energy Transition Fund.

Hosts: Carol Massar and Tim Stenovec. Producer: Sara Livezey

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Housing Outlook with Zillow CEO Jeremy Wacksman

Thu, 13 Feb 2025 15:35:49 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Zillow CEO Jeremy Wacksman joins to discuss company earnings and US housing outlook.

Hosts: Carol Massar and Tim Stenovec. Producer: Sara Livezey.

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Housing Outlook, AI in Financial Fraud, and Combatting the Anti-DEI Movement

Wed, 12 Feb 2025 22:39:03 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Zillow CEO Jeremy Wacksman joins to discuss company earnings and US housing outlook. Tim Sullivan, CEO of New Jersey Economic Development, breaks down the impact of NYC's congestion pricing plan on New Jersey commuters. FICO Chief Analytics Officer Scott Zoldi talks about using AI to detect, mitigate, and prevent financial fraud. Aurora James, Founder of the 15 Percent Pledge, discusses efforts to combat the current anti-DEI movement. And we Drive to the Close with Leo Kelly, CEO at Verdence Capital Advisors.

Hosts: Carol Massar and Tim Stenovec. Producer: Sara Livezey.

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Powell Buys Time on Inflation

Wed, 12 Feb 2025 18:33:37 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Joyce Huang, Senior Client Portfolio Manager at American Century Investments, shares her thoughts on Fed policy and tariffs.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Powell Tells Congress Fed Still in No Rush to Lower Rates

Tue, 11 Feb 2025 21:06:47 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News International Economics and Policy Correspondent Michael McKee discusses Fed Chair Jay Powell telling Senators the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further. Bloomberg Businessweek Columnist Max Chafkin and Bloomberg News AI Reporter Rachel Metz talk about Elon Musk’s offer to buy OpenAI and CEO Sam Altman’s reaction to that bid. Christopher Merrill, Co-Founder and CEO of Harrison Street, shares his thoughts on investing alternative real estate. Andy Bennett, CEO of Driivz, discusses the Trump administration’s pause on charging infrastructure funding under NEVI. And we Drive to the Close with Greg Halter, Director of Research at Carnegie Investment Counsel.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Active Investing, Super Bowl Ads, Winter Travel Forecast

Tue, 11 Feb 2025 12:30:49 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Eli Horton, Senior Portfolio Manager at TCW's Active ETF Investments, discusses active investing in energy and supply chain ETFs. Doug Zarkin, Chief Brand Officer at Modern Performance + Recovery Brands, recaps this year's Super Bowl ads. Hayley Berg, Lead Economist at Hopper, shares her research on the travel outlook amid economic uncertainty.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump Plans to Impose 25% Tariffs on Steel, Aluminum Imports

Mon, 10 Feb 2025 21:10:00 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Metals & Mining Reporter Joe Deaux discusses President Trump's plans to impose 25% tariffs on all US imports of steel and aluminum, applying to shipments from all countries, including major suppliers Mexico and Canada. Bloomberg News Global Economy Reporter Enda Curran shares the details of his Businessweek Magazine story Front-Loading Tariffs Undercuts Trump’s Pledge of Faster Growth. Dan Close, Head of Municipals at Nuveen, talks about the business of sports stadium financing. Broadridge CEO Tim Gokey explains how his company is enabling the tech revolution in investing. And we Drive to the Close with Eric Freedman, CIO at US Bank Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - February 7th, 2025

Fri, 07 Feb 2025 23:16:23 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek.”

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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January Jobs, AI Advertisements, and Super Bowl Betting

Fri, 07 Feb 2025 22:19:45 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Amy Glaser, Senior VP at Adecco, discusses the January jobs report and employment trends. David Jones, CEO of The Brandtech Group, breaks down how Gen AI is reshaping the Super Bowl ad landscape. BetMGM CEO Adam Greenblatt talks about Super Bowl betting. And we Drive to the Close with Andrew Krei, Co-CIO of Crescent Grove Advisors.

Hosts: Carol Massar and Tim Stenovec Producer: Sara Livezey

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Sal Khan on AI for the Classroom

Fri, 07 Feb 2025 17:27:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Sal Khan, Founder and CEO at Khan Academy, discusses the results of the NAEP Nation's Report Card and the use of artificial intelligence to help students and teachers. Jess Hunichen and Emily Ward, Co-Founders of Shine Ventures, talk about acquiring Spark Talent Group as part of its ongoing expansion plan in the influencer category. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Looking Ahead to First US Jobs Report of 2025

Thu, 06 Feb 2025 21:11:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Economics US Economist Stuart Paul and Bloomberg News Global Macro Strategist Vincent Cignarella provide a preview of Friday's US jobs report for January. Bloomberg News Money and Influence Reporter Ted Mann explains why Elon Musk’s brazen DOGE tactics are annoying GOP Senators and Treasury staff. Hilton CFO Kevin Jacobs discusses seeing record growth and more rooms available for the hotel chain. Geoff Meacham, Global Head of Healthcare at Citibank, breaks down earnings from Eli Lily and Pfizer. And we Drive to the Close with Jim Smigiel, Chief Investment Officer at SEI.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trivago CEO on Post-Pandemic Travel Recovery

Thu, 06 Feb 2025 13:03:24 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Trivago CEO Johannes Thomas discusses getting the travel search platform "back on track" following the pandemic.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Ford EVs, Valentine's Day Flowers and Leading Well Book

Thu, 06 Feb 2025 12:39:58 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Rebecca Lindland, Managing Director at Allison Worldwide, shares her thoughts on Ford and electric vehicles. Paula Davis, Founder and CEO of the Stress & Resilience Institute, discusses her book Lead Well: 5 Mindsets to Engage, Retain, and Inspire Your Team. Christina Stembel, Founder of Farmgirl Flowers, talks about her bootstrapped floral business ahead of Valentine's Day.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump Suggests US Take Over Gaza

Wed, 05 Feb 2025 21:00:59 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Opinion International Affairs Columnist Marc Champion and Dana Stroul, Senior Fellow at The Washington Institute for Near East Policy, discuss President Trump's proposal for the US to take over Gaza. Trivago CEO Johannes Thomas talks about earnings, travel trends and tariffs. Jeff Grabow, US Venture Capital Leader at EY, explains how AI deals are underpinning VC growth. And we Drive to the Close with Jeanette Garretty, Chief Economist at Robertson Stephens.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Book: Tech Billionaires Threaten Free Speech

Wed, 05 Feb 2025 12:35:28 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Mastercard’s Chief Innovation Officer Ken Moore discusses the firm's Future of Payments report. Journalist and Author Eoin Higgins talks about his book Owned: How Tech Billionaires on the Right Bought the Loudest Voices on the Left.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Instant Reaction: Alphabet Slides After Cloud Sales Fall Short

Tue, 04 Feb 2025 21:48:50 +0000

Google parent Alphabet posted fourth-quarter revenue that missed analysts’ expectations as growth in its cloud business slowed. The shares fell more than 8%. Sales, excluding partner payouts, were $81.6 billion, Alphabet said Tuesday in a statement. Analysts had projected $82.8 billion, according to data compiled by Bloomberg. The company also projected $75 billion in 2025 capital expenditures, far exceeding the $57.9 billion that analysts expected, related to a buildout of data centers and infrastructure for artificial intelligence. That led to a more than 6% boost in Broadcom shares.

For reaction and analysis just after earnings crossed, hosts Carol Massar and Tim Stenovec spoke with Bloomberg Intelligence senior technology analyst Mandeep Singh and Bloomberg Technology co-host Caroline Hyde.

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Trump Tariffs Shows China Has More to Lose

Tue, 04 Feb 2025 20:52:32 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Leland Miller, CEO of China Beige Book International and Bloomberg News Global Economy Reporter Enda Curran discuss the US imposing 10% tariffs on China, and China retaliating with tariffs on $14 billion worth of American products, as well as other measures, in a calculated response. Bloomberg Businessweek Columnist Max Chafkin and Bloomberg News Technology Reporter Kurt Wagner talk about how Elon Musk’s DOGE disruption looks like his Twitter chaos. Bloomberg News Wealth Reporter Annie Massa breaks down news that Kash Patel, President Trump's pick to lead the FBI, received a stock award worth over $800,000 from Truth Social's parent company, but did not disclose it in his financial disclosure or ethics agreement.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Edelman 2025 Trust Barometer, Crypto Regulation Outlook

Tue, 04 Feb 2025 12:37:57 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Edelman CEO Richard Edelman provides the details of the firm’s 2025 Trust Barometer- Trust and the Crisis of Grievance. Chen Arad, Co-Founder and CXO of Solidus Labs, discusses what crypto regulation could look like under the Trump administration.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump Tariffs Target Economies But Will Likely Hit US Companies

Mon, 03 Feb 2025 21:05:10 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams discusses who will feel the most pain from proposed tariffs by the Trump administration. Krish O’Mara Vignarajah, President and CEO of Global Refuge, talks about DOGE stopping funding to organization that supports refugees and migrants entering the US. Wendy Schiller, Professor of Political Science at Brown University, shares her thoughts on possible presidential overreach on the heels of the DOGE team's actions. Kevin Davis, Americas CEO at JLL Hotels & Hospitality, provides the details on the firm's 2025 Global Hotel Investment Outlook. Louisiana Economic Development Secretary Susan B. Bourgeois discusses the economic impact of the Super Bowl in New Orleans on Sunday. And we Drive to the Close with Patrick Fruzzetti, Managing Director and Partner at Rose Advisors.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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H&R Block CEO Jeff Jones on Taxes Under Trump

Mon, 03 Feb 2025 12:42:46 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
H&R Block CEO Jeff Jones discusses potential tax policy changes under the Trump administration.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - January 31st, 2025

Fri, 31 Jan 2025 22:05:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek.”

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Apple Scraps Work on Mac-Connected Augmented Reality Glasses

Fri, 31 Jan 2025 21:13:11 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Chief Technology Correspondent Mark Gurman discusses Apple canceling a project to build advanced augmented reality glasses that would pair with its devices, marking the latest setback in its effort to create a headset that appeals to typical consumers. Bloomberg News Economics Editor Molly Smith and Bloomberg News Global Economy Reporter Enda Curran talk about PCE data and how Trump tariff could impact economies around the world. Brian Steinwurtzel, CEO and Principal of GFP Real Estate, explains the development of the largest office-to-residential conversion in the country. Sharon Marcil, CEO of Boston Consulting Group NA, discusses her takeaways from the WEF in Davos. And we Drive to the Close with Sean O’Hara, President at Pacer ETFs.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Grammy Awards to Pay Tribute to the City of Los Angeles

Fri, 31 Jan 2025 12:30:06 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Harvey Mason Jr., CEO of the Recording Academy, discusses what to watch for at this weekend’s Grammy Awards.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Bonus Episode: Apple and Intel Earnings

Thu, 30 Jan 2025 22:12:46 +0000

Bloomberg's Carol Massar and Tim Stenovec discuss the latest Big Tech earnings featuring Apple and Intel. They speak with:

Bloomberg News Technology Reporter Jackie Davalos
Angelo Zino, Senior Equity Analyst at CFRA Research
Bloomberg Technology Co-Host Caroline Hyde

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UPS Plans to Slash Amazon Business By Half

Thu, 30 Jan 2025 21:11:45 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Analyst Lee Klaskow reports on UPS adapting to lower-than-expected annual revenue by shipping fewer, higher-margin packages and cutting back on less profitable deliveries, including a 50% reduction in volumes with Amazon by 2026. Bloomberg News Equities Reporter Ryan Vlastelica discusses IBM shares jumping to a record on Wednesday after the company projected strong revenue growth in the new fiscal year and a jump in AI-related bookings. Golden Krust CEO Jacqueline Hawthorne-Robinson talks about taking over as CEO of the Jamaican fast-casual restaurant chain. Mihir Desai, Professor of Finance at Harvard Business School, explains why big tech is eating itself alive by throwing more and more cash at investments in each other. And we Drive to the Close with Sam Stovall, Chief Investment Strategist at CFRA Research.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Fed Holds Rates Steady, Pausing for Further Inflation Progress

Thu, 30 Jan 2025 12:31:21 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey and Nate Thooft, CIO at Manulife Investment Management, discuss Federal Reserve officials holding interest rates steady, pausing to assess the inflation outlook following a string of rate reductions last year.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bonus Episode: Tesla, Meta and Microsoft Earnings

Wed, 29 Jan 2025 22:19:11 +0000

Bloomberg's Carol Massar and Tim Stenovec discuss the latest Big Tech earnings featuring Tesla, Meta and Microsoft. They speak with:

Bloomberg Intelligence Senior Technology Analyst Mandeep Singh
Bloomberg Technology Co-Host Caroline Hyde
James Cakmak, Technology Analyst at Clockwise Capital
Bloomberg Intelligence Senior Technology Analyst Anurag Rana

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Instant Reaction: Jay Powell on the Fed Decision

Wed, 29 Jan 2025 21:12:11 +0000

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Xerox CEO on Business Reinvention

Wed, 29 Jan 2025 13:22:25 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Xerox CEO Steve Bandrowczak discusses the company's growth and acquisition strategy. Michelle Giuda, CEO of the Krach Institute for Tech Diplomacy at Purdue, shares her thoughts on national security concerns over the Deepseek AI model. Katie Hubbard, EVP of Capital Markets for Walton Global, breaks down housing data and outlook for the sector under the Trump administration.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Royal Caribbean CEO Talks Strong Business Growth in All Markets

Tue, 28 Jan 2025 21:07:15 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Royal Caribbean President and CEO Jason Liberty discusses the cruise operator's earnings and its busiest booking period called “WAVE season.” Steven Skancke, Chief Economic Advisor at Keel Point, provides a preview of Wednesday's Fed rate decision. Bloomberg News AI Reporter Rachel Metz explains how DeepSeek upended Silicon Valley assumptions about AI costs. And we Drive to the Close with Larry Pitkowsky, Managing Partner at Goodhaven Capital Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Deepseek's AI Disruption, Extreme Weather and Insurance

Tue, 28 Jan 2025 12:29:37 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Evan Feagans, Portfolio manager of the TCW Artificial Intelligence ETF (AIFD), shares his thoughts on DeepSeek's disruption of existing AI companies. Dr. Carolyn Kousky, Associate Vice President for Economics and Policy at Environmental Defense Fund, discusses the impact of extreme weather on the insurance industry.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Deepseek Offers Lower-Cost AI Model

Mon, 27 Jan 2025 21:06:10 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Technology Analyst Mandeep Singh discusses Deepseek, a Chinese AI startup, that has demonstrated breakthrough AI models offering comparable performance to the world's best chatbots at a fraction of the cost. Bloomberg News US Semiconductor & Networking Reporter Ian King looks at the Deepseek impact on Nvidia. Bloomberg Businessweek Columnist Max Chafkin shares the details of his Businessweek story Musk Can’t Help Bringing His Rivalries to DC. Ian Wyatt, Senior VP and Director of Economics at Huntington Commercial Bank, provides a preview of this week’s Fed meeting and rate decision. Suzanne Dann, CEO, Americas at Wipro, talks about industries leading in AI adoption. And we Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Nomadica Wines, Baby2Baby CEOs Share Thoughts on the California Wildfires

Mon, 27 Jan 2025 12:32:14 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Kristin Olszewski, Founder and CEO of Nomadica Wines, discusses making quality wine accessible while minimizing environmental impact. Baby2Baby Co-CEOs Kelly Sawyer Patricof and Norah Weinstein talk about their non-profit's efforts to help families impacted by the California wildfires.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bonus Episode: What Is DeepSeek and Why Is It Sinking Stocks?

Mon, 27 Jan 2025 10:39:09 +0000

In this bonus episode from Bloomberg Daybreak, hosts Nathan Hager and Karen Moskow examine the emergence of DeepSeek. The Chinese artificial intelligence startup is rocking global technology stocks, raising questions over America’s technological dominance.
Buzz grew over the weekend about DeepSeek’s latest AI model being cost-effective while running on less-advanced chips, casting doubt on the validity of the rich valuations for companies like Nvidia.
You can hear more episodes of Bloomberg Daybreak: US Edition by subscribing to the podcast:
On Apple: http://bit.ly/3DWYoAN
On Spotify: http://spoti.fi/45IG5LR
Anywhere: http://bit.ly/460OMka

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Bloomberg Businessweek Weekend - January 24th, 2025

Fri, 24 Jan 2025 23:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Zuckerberg Says Meta to Spend Up to $65 Billion on AI This Year

Fri, 24 Jan 2025 21:05:08 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Bloomberg News Technology Reporter Kurt Wagner discusses Meta planning to invest as much as $65 billion on projects related to artificial intelligence in 2025, including building a giant new data center and increasing hiring in AI teams. Bloomberg News Senior Editor Nina Trentmann and Ebm-Papst CFO Harald Klaiber talk about trade tariff concerns. Bloomberg News Health Reporter Madison Muller explains how Novo's experimental weight loss shot showed up to 22% weight loss in an early-stage trial, boosting investor hopes for the company's pipeline. Bloomberg News Equality Team Reporter Simone Foxman shares the details her story Trump’s Attack on ‘Illegal’ DEI Disorients Corporate America. And we Drive to the Close with Mark Malek, Chief Investment Officer at Muriel Siebert & Co.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Supply Chain Outlook, Investing in Women's Health

Fri, 24 Jan 2025 12:34:26 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Per Hong, Partner in Strategic Operations and Performance Practice at Kearney, discusses his WEF presentation Beyond Cost: Country Readiness for the Future of Manufacturing and Supply Chains. Carolee Lee, Founder and CEO of WHAM, talks about the business case for accelerating women’s health investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump Urges Lower Oil Prices, Interest Rate Cuts at Davos

Thu, 23 Jan 2025 21:05:52 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Managing Editor for US Economy and Government Mario Parker reports on President Donald Trump addressing world leaders at Davos, saying he will ask Saudi Arabia and other OPEC nations to lower oil prices and demands an immediate drop in interest rates. Jason Bottenfield, Managing Director of Park Cities Group at Steward Partners, shares his thoughts on investing in energy. Kelly Monahan, Managing Director at Upwork Research Institute, provides the details of the firm’s In-Demand Skills report.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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US/Canada Relations Under Trump, Why Are We Here Author, Water Conservation

Thu, 23 Jan 2025 12:26:41 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Mary Anne Carter, Principal at Earnscliffe Strategies, discusses the impact of Trump’s tariff playbook on the relationship between the US and Canada. Journalist and Author Jennifer Moss talks about her book Why Are We Here? Creating a Work Culture Everyone Wants. Estelle Brachlianoff, CEO of Veolia, explains the company's work solving for the effects of climate change, with a particular focus on access to water.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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SoftBank Joins OpenAI, Oracle in AI Pact Unveiled by Trump

Wed, 22 Jan 2025 21:04:28 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Technology Co-Host Caroline Hyde interviews Arm CEO Rene Haas on the AI pact unveiled by President Trump. Bloomberg News AI Reporter Rachel Metz shares her thoughts on the AI infrastructure news. Najat Khan, Chief Commercial and R&D Officer at Recursion, talks about partnering with Nvidia to use machine learning to discover new medicines. Ben Harburg, Founder and Portfolio Manager at Core Values Alpha, discusses investing in China under a new Trump regime. Rich Greenfield, Partner and Analyst at Lightshed Partners, shares his thoughts on Netflix outlook post earnings. And we Drive to the Close with Alexis Browne Roberts, COO at Alexis Investment Partners.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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How to Develop Into an Inspirational Leader

Wed, 22 Jan 2025 13:10:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Columbia Business School Professor of Leadership and Ethics Adam Galinsky discusses his book Inspire: The Universal Path for Leading Yourself and Others. Kristy Akullian, Head of iShares Investment Strategy at BlackRock, provides the details of the firm's 2025 investment outlook.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Instant Reaction: Netflix Posts Record Quarter

Tue, 21 Jan 2025 22:17:28 +0000

Netflix closed 2024 with its biggest quarterly subscriber gain in history, benefiting from its first major live sporting events and the return of Squid Game.
The company added 18.9 million customers in the fourth quarter, according to a shareholder letter Tuesday. That was more than double what Wall Street expected and brought global subscribers at Netflix to more than 300 million. The company’s previous best was 15 million in the first quarter of 2020 — numbers driven by the onset of the coronavirus pandemic. For instant analysis and reaction, hosts Carol Massar and Tim Stenovec speak with Bloomberg Technology Co-Host Caroline Hyde and Bloomberg Intelligence Technology and Media Analyst Geetha Ranganathan.

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Tariffs Likely Hurt Global Equities' Margin Views

Tue, 21 Jan 2025 21:05:28 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams explains how Trump 2.0 tariffs could sting global companies that have grown more reliant on US revenue, but dollar strength suggests US multinationals may bear the brunt of trade policy shifts. Irwin Simon, CEO of Tilray Brands, discusses his outlook for the cannabis industry under the Trump administration. Bloomberg News Chief Technology Correspondent Mark Gurman reports on Meta working on upgrades to its popular smart glasses and is exploring new wearable devices such as watches and camera-equipped earbuds, aiming to embed its artificial intelligence features into more products. And we Drive to the Close with Chris McMahon, CEO of Aquinas Wealth Advisors and MFA Wealth.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Inauguration Day Special Part 2

Tue, 21 Jan 2025 12:53:57 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Our coverage of the inauguration of Donald Trump continues with Monica Guerra, Policy Analyst at Morgan Stanley, Jennifer Lawless, Politics Professor at University of Virginia, Henrietta Treyz, Managing Partner at Veda Partners and Stefan Selig, Managing Partner at BridgePark Advisors.
Hosts: Carol Massar, Tim Stenovec and David Gura. Producer: Paul Brennan.

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The Inauguration of President Donald Trump

Mon, 20 Jan 2025 22:32:05 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol Massar, Tim Stenovec and David Gura break down the inauguration of the 47th President of the United States, Donald Trump.
Guests include:

Wendy Schiller, Professor of Political Science at Brown University
Tina Fordham, Geopolitical Risk Expert at Fordham Global Foresight
Daryn Dodson, Managing Partner at Illumen Capital, on MLK Jr. Day aligning with the inauguration of a President poised to challenge DEI initiatives
Gautam Mukunda, Executive Fellow at Yale
Ed Mills, Washington Policy Analyst at Raymond James
Ed Price, Senior Fellow at New York University, on the geopolitical landscape under the Trump administration

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Avoiding Deep Fakes, Misinformation within AI

Mon, 20 Jan 2025 14:26:48 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Padma Warrior, CEO of Fable, discusses the challenges and opportunities of integrating AI into consumer platforms amidst the rise of AI-driven deepfakes, scams, and misinformation.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - January 17th, 2025

Fri, 17 Jan 2025 23:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

See omnystudio.com/listener for privacy information.

Supreme Court Upholds Law That Threatens US TikTok Shutdown

Fri, 17 Jan 2025 21:04:49 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Technology Co-Host Caroline Hyde reports on the Supreme Court upholding a law that could shut down TikTok in the US, citing national-security concerns over Chinese control of the app. Bloomberg News Senior Editor Nina Trentmann and Aon CFO Edmund Reese discuss the impact of the LA fires and climate change on the insurance industry. Rachel Tipograph, Founder & CEO of MikMak, talks about how a TikTok ban could impact online advertising. And we Drive to the Close with Katy Kaminski, Chief Research Strategist at AlphaSimplex.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Confronting the Consequences of a New Demographic Reality

Fri, 17 Jan 2025 12:33:05 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Olivia White, Director of the McKinsey Global Institute, discusses the firm's report Dependency and Depopulation: confronting the consequences of a new demographic reality. Robert Garrett, CEO of Hackensack Meridian Health, talks about health care under the Trump administration.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Morgan Stanley Wealth Shift, Markets Momentum

Thu, 16 Jan 2025 21:33:56 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Global Banks Analyst Alison Williams breaks down earnings from Morgan Stanley and Bank of America. Larry Connor, Founder and Managing Partner of The Connor Group, shares his keys to unlocking housing and improving affordability. Bloomberg Businessweek National Correspondent Josh Green talks about his story Scott Bessent Pulls Off a MAGA and Wall Street Tightrope Act. Gina McCarthy, Former EPA Administrator and First White House National Climate Advisor, discusses the environmental impact and politicization of the California wildfires. And we Drive to the Close with Max Wasserman, Senior Portfolio Manager of Miramar Capital. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Making a Case for Hope Through Racial Healing

Thu, 16 Jan 2025 12:43:10 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Rev. Dr. Bernice King, CEO of The King Center, talks about honoring Martin Luther King Jr. Day. La June Montgomery Tabron, President and CEO of the W.K. Kellogg Foundation, discusses her book How We Heal: A Journey Toward Truth, Racial Healing, and Community Transformation from the Inside Out.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Big Bank Earnings Are Back

Wed, 15 Jan 2025 21:15:10 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Finance Reporter Katherine Doherty and Cheryl Pate, Senior Portfolio Manager at Angel Oak Capital, break down bank earnings. Tony Davidow, Senior Alternatives Investment Strategist at Franklin Templeton Institute, shares his thoughts on opportunities in alternatives. LinkedIn COO Dan Shapero discusses the company's research on how AI is accelerating changes in how we work. And we Drive to the Close with Rick Pitcairn, CIO at Pitcairn Family Office.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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The Untold Story of the Mysterious Company That Shook the World

Wed, 15 Jan 2025 12:33:36 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Eva Dou, Technology Policy Reporter at the Washington Post, discusses her book House of Huawei: The Secret History of China’s Most Powerful Company. Katie Thomas, Lead at the Kearney Consumer Institute, shares the details of her report Keeping up with the Consumer.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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JPMorgan Names Piepszak COO as Pinto Set to Retire in 2026

Tue, 14 Jan 2025 21:05:44 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Senior Finance Reporter Sri Natarajan discusses JPMorgan naming Jenn Piepszak its new chief operating officer after Daniel Pinto, the current president and COO, announced he will retire at the end of 2026. Former Bloomberg Businessweek Editor Josh Tyrangiel shares the details of his Businessweek Magazine cover story Sam Altman on ChatGPT’s First Two Years, Elon Musk and AI Under Trump. Bloomberg Businessweek Columnist Max Chafkin explains why AI Investors should worry about the self-driving car crash. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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E-Commerce Outlook, DNA/RNA Sequencing

Tue, 14 Jan 2025 12:35:58 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Travis Hess, CEO of Bigcommerce, discusses providing software for retail and e-commerce platforms. Gordon Sanghera, Co-Founder and CEO of Oxford Nanopore Technologies, talks about opportunities for DNA and RNA sequencing from the JPM Health Conference.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Los Angeles Fires Rage as High Winds Set to Return This Week

Mon, 13 Jan 2025 21:17:18 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Power and Renewable Energy Editor Will Wade reports on the status of the Los Angeles wildfires. Bloomberg News Chief Technology Correspondent Mark Gurman discusses Apple’s plans for an iPhone overhaul. Lan Guan, Chief AI Officer at Accenture, provides the details of the firm's report AI: A Declaration of Autonomy. And we Drive to the Close with John Mowrey, CIO at NFJ Investment Group.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Premium Pasta Sauce with Carbone CEO Eric Skae

Mon, 13 Jan 2025 15:42:56 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Eric Skae, CEO of Carbone Fine Food, on the strategy for growth in the grocery aisle and how the company makes its high quality pasta sauce.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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Bloomberg Businessweek Weekend - January 10th, 2025

Fri, 10 Jan 2025 22:30:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Strong Jobs Report, Remembering Jimmy Carter

Fri, 10 Jan 2025 21:18:42 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg News International Economics & Policy Correspondent Michael McKee and Bloomberg News Rates Reporter Michael Mackenzie on December jobs report and market reaction. Honorable Stuart Eizenstat, former US Ambassador and Senior Counsel member at Covington & Burling, on Jimmy Carter’s Legacy. Christoph Gorder, Airbnb.org’s Executive Director, on Airbnb's efforts to help those out of LA. John Haar, Managing Director at Swan Bitcoin, on crypto outlook for 2025. And we Drive to the Close with Dana D’Auria, Co-CIO of Envestnet

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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Exploring the Outdoors

Fri, 10 Jan 2025 13:26:56 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

David Barry, CEO of Pursuit, speaks on the growth of high end experiential travel and state of his business.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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Instant Reaction: Supreme Court Allows Trump Sentencing

Fri, 10 Jan 2025 01:46:38 +0000

A divided US Supreme Court cleared the way for President-elect Donald Trump’s sentencing in his hush money criminal case, dealing him a setback as he prepares to begin his second term in office. For reaction and perspective, host Doug Krizner speaks with Bloomberg legal analyst and host of Bloomberg Law, June Grasso.

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LA Wildfires Burn Out of Control

Thu, 09 Jan 2025 22:34:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Will Wade, Energy and Climate Reporter, discusses the latest on the LA wildfires. Terry Haines, Founder at Pangea Policy, discusses the life of Jimmy Carter. Erin Rank, President and CEO of Habitat for Humanity Los Angeles, discusses Jimmy Carter. Wendy Schiller, Professor at Brown University, discusses the legacy of Jimmy Carter. Louis Navillier, Chairman and Founder at Navellier & Associates, gives market perspective from Jimmy Carter’s Presidency. Dr. Nancy Mitchell, NC State professor, talks about the legacy of Jimmy Carter. Gautam Mukunda, Yale School of Management Professor, discusses Jimmy Carter.

Hosts: Carol Massar and Tim Stenovec. Producer: Mark Siniscalchi

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The Path of Liberty

Thu, 09 Jan 2025 15:56:16 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Michael Hershman, CEO of Soloviev Group, talks about the Path of Liberty art installation at Freedom Plaza plus the scope of today's commercial real estate market.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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Streaming Consolidation, Los Angeles Wildfires

Wed, 08 Jan 2025 21:07:38 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Quickplay CBO Paul Pastor on media streaming consolidation and state of his business at Quickplay. Bloomberg News Energy Reporter David Baker on LA Wildfires & Bloomberg Opinion Editor Mark Gongloff on Climate Change’s Effect on Latest Weather events. And we Drive to the Close with Brooke May, Managing Partner at Evans May Wealth.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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Rare Apple Sell Call, Using Data to Predict Behavior

Wed, 08 Jan 2025 13:26:21 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Craig Moffett, Founding Partner and Senior Analyst at MoffettNathanson on why he downgraded Apple stock to "sell". Columbia Business School Professor Sandra Matz on her book Mindmasters: The Data-Driven Science of Predicting and Changing Human Behavior.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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Markets Tumble, How Insurers Manage Risk

Tue, 07 Jan 2025 21:11:02 +0000

John Augustine, CIO at Huntington Private Bank, on why the housing market could be the Achilles heel to the US economy. Bloomberg News Senior Finance Reporter Sri Natarajan on JPMorgan Planning to Bring Staff Back to Office Five Days a Week. Vince Tizzio, CEO of AXIS Capital on how insurers are managing today’s risk landscape. And we Drive to the Close with Sylvia Jablonski, CEO & CIO at Defiance ETFs

Hosts:Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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The 21st Century Corporation

Tue, 07 Jan 2025 13:13:06 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Sir John Kay, Fellow at St John’s College, Oxford, on his book The Corporation in the 21st Century: Why (Almost) Everything We Are Told About Business Is Wrong.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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NYC Congestion Pricing, Stem Cell Therapy

Mon, 06 Jan 2025 21:16:25 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Journalist and author Henry Grabar on NYC’s Congestion Pricing and how this could help the Democratic Party. Dr. Silviu Itescu, CEO at Mesoblast, on MESO stock soaring after FDA stem cell therapy approval. And we Drive to the Close with Tony Roth CIO at Wilmington Trust

Hosts:Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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Dry January Beverages, Food Waste Awareness

Mon, 06 Jan 2025 13:33:43 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Grant Hemingway, CEO & Co-Founder of Libby Wines, discusses celebrating Dry January with non-alcoholic beverages. Roni Neff, Associate Professor in the Department of Environmental Health and Engineering at the Johns Hopkins Bloomberg School of Public Health, talks about how food waste impacts climate change.Hosts:

Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Special Coverage: Mike Johnson Wins House Speaker Vote

Fri, 03 Jan 2025 22:33:10 +0000

Republican Mike Johnson won reelection as House speaker, overcoming resistance from a small but pivotal group of conservative hardliners after a flurry of last-minute talks and with the help of a critical endorsement from President-elect Donald Trump. For analysis of the moment Johnson reclaimed the gavel, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with Balance of Power host Joe Mathieu. They also speak with Bloomberg's Tyler Kendall from Capitol Hill and get insight from Bloomberg politics editor Laura Davison.

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Bloomberg Businessweek Weekend - January 3rd, 2025

Fri, 03 Jan 2025 22:30:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Biden Blocks Nippon Steel’s $14.1 Billion Takeover of US Steel

Fri, 03 Jan 2025 21:21:53 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Metals & Mining Reporter Joe Deaux discusses US President Joe Biden blocking the $14.1 billion sale of United States Steel to Nippon Steel Corp. Garrett Nelson, Senior Equity Analyst at CFRA, talks about his buy recommendation for Tesla stock. Louise Phillips Forbes, Broker at Brown Harris Stevens, shares her outlook for New York City residential real estate. And we Drive to the Close with Adrianne Yamaki, Founder & Financial Advisor at Strategic Wealth Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Boeing’s Turbulent Year, 2025 Restaurant Outlook, Generation Beta

Fri, 03 Jan 2025 13:05:06 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Shawn Galloway, CEO of ProAct Safety, discusses Boeing’s turbulent year marked by ongoing safety concerns. Phil Kafarakis, CEO of IFMA-The Food Away from Home Association, shares his thoughts on the 2025 restaurant and foodservice industry. David Blanchett, Head of Retirement Research at PGIM, shares the details of the firm's report Generation Beta: Redefining Life, Living, and Longevity.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Tesla’s Annual EV Sales Drop for First Time in Over a Decade

Thu, 02 Jan 2025 21:14:25 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Auto Reporter Keith Naughton reports on Tesla's annual vehicle sales dropping for the first time in over a decade, with 1.79 million vehicles sold in 2024. Bill Smead, CIO at Smead Capital Management, explains why we're in the late stages of a major financial euphoria episode. Jesse Draper, Founding Partner of Halogen Ventures, discusses what could reshape the investment landscape for female tech founders. And we Drive to the Close with Vincent Catalano, Chief Markets Strategist, Stuyvesant Capital Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Instant Reaction: Cybertruck Blast Suspect Identified

Thu, 02 Jan 2025 20:25:16 +0000

The suspect who died in a Cybertruck explosion outside the Trump Las Vegas hotel on Wednesday was identified as Matthew Alan Livelsberger, according to people familiar with the matter. Hosts Carol Massar and Tim Stenvoec discuss the latest following a press conference with Clark County sheriff Kevin McMahill with Bloomberg News National Security Team Leader Nick Wadhams and Bloomberg News Auto Reporter Keith Naughton for reaction and analysis.

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China Hacked Treasury Dept. in ‘Major Incident,’ US Says

Tue, 31 Dec 2024 20:53:02 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Rates Reporter Michael Mackenzie and Wendy Thomas, President and Chief Executive Officer at Secureworks, share their thoughts on one of China’s intelligence agencies hacking the US Treasury Department, gaining access to the workstations of government employees and unclassified documents, according to the Biden administration. Alan Hibbard, Precious Metals and Alternative Money Specialist at “GoldSilver.com” compares and contrasts Bitcoin and Gold. Bloomberg News Health Reporter Madison Muller discusses what to watch for in the healthcare sector in 2025. Matt Stucky, Chief Portfolio Manager at Northwestern Mutual Wealth Management, looks at investing in equities in the new year.
Hosts: Carol Massar and Vonnie Quinn. Producer: Paul Brennan.

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Broadcom Boom, Intel Bust Tell Two Chipmaking Tales

Mon, 30 Dec 2024 20:43:32 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News US Semiconductor & Networking Reporter Ian King looks at the major successes and failures in the chip industry during the past year. Zeno Mercer, Senior Research Analyst at VettaFi, discusses what's next for investors in AI. Lauren Saidel-Baker, Economist at ITR Economics, provides her outlook for the US economy in 2025. Barbara Perry, Professor of Governance at UVA's Miller Center, shares her thoughts on the life and legacy of President Jimmy Carter.
Hosts: Carol Massar and Vonnie Quinn. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend: December 27th, 2024

Fri, 27 Dec 2024 18:03:55 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Sleepy Wall Street Session, True Classic CEO Ben Yahalom

Thu, 26 Dec 2024 23:20:37 +0000

On a special holiday week Bloomberg TV and Radio simulcast, hosts Sonali Basak and Vonnie Quinn break down a sleepy day of trading on Wall Street after the closing bell with Bloomberg's Natalia Kniazhevich, Bloomberg's Alexandra Semenova and Erin Gibbs, chief investment officer and senior partner at Main Street Asset Management, discuss the latest as the Biden administration mulls whether to stop Nippon Steel from acquiring US Steel with Bloomberg's John Harney, the future of social media under Donald Trump with Syracuse University assistant professor of communications Jennifer Grygiel and the launch of men's apparel brand True Classic at Target stores with the company's CEO Ben Yahalom.

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Consumer Confidence Falls, Elf On The Shelf Tradition Lives On

Mon, 23 Dec 2024 22:40:08 +0000

On this special holiday week show, hosts Alix Steel and Vonnie Quinn speak with Dana Peterson, chief economist at The Conference Board to discuss the latest reading on US consumer confidence, Jackson Square Capital managing partner Andrew Graham for a look at markets heading into 2025, RXO Inc CEO Drew Wilkerson for a look at the trucking industry, and Chanda Bell and Christa Pitts, co-CEOs at The Lumistella Company, the firm behind the popular Elf on the Shelf holiday tradition.

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Instant Reaction: House Passes Funding Bill

Fri, 20 Dec 2024 23:49:43 +0000

The House passed funding to keep the US government operating until mid-March just hours before a midnight shutdown deadline, capping off a tumultuous two days in which two earlier plans pursued by Speaker Mike Johnson collapsed. For instant reaction and analysis, host Kailey Leinz speaks with Lester Munson, Principal of the International Practice at BGR Group and Republican Strategist, Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor and Megan Scully, Bloomberg Capitol Influence team leader.

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Bloomberg Businessweek Weekend - December 20th, 2024

Fri, 20 Dec 2024 22:30:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Government Funding Agreement, Carnival Cruising Ahead

Fri, 20 Dec 2024 21:16:09 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Senior Editor Michael Shepard on latest in Congressional plan to avert government shutdown. Josh Weinstein, CEO of Carnival, on their earnings and 2025 outlook. Jeff Grabow, US Venture Capital Leader at EY, on VC outlook for 2025. And we Drive to the Close with Miguel Sosa, Head of Market Research & Strategy at Bluerock

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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The Undeniable Impact of Elon Musk's Influence on the US Presidential Election

Fri, 20 Dec 2024 11:12:10 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Margaret Talev, Founding Director, Syracuse University Institute for Democracy, Journalism & Citizenship, discusses research on Elon Musk’s influence on US politics.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Instant Reaction: Trump-Backed Funding Plan Fails

Fri, 20 Dec 2024 00:59:43 +0000

The Republican-led House rejected a temporary funding plan backed by President-elect Donald Trump on Thursday with just over 24 hours to go before a US government shutdown, capping an extraordinary two days in Washington that tested the limits of the incoming president’s power. For instant reaction and analysis, host Doug Krizner spoke with Bloomberg Capitol Influence deputy team leader Mike Dorning.

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Micron Falls Most in Four Years on Sluggish Sales Outlook

Thu, 19 Dec 2024 21:10:05 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Semiconductors Analyst Jake Silverman reports on Micron Technology's revenue forecast missing projections due to sluggish demand for smartphones and personal computers. Eric Hansotia, CEO of AGCO, talks about the company's forward looking financial forecast. Silvio Tavares, CEO of VantageScore, discusses how Fed policy is impacting the credit market. Bloomberg News AI Reporter Rachel Metz provides the details of her Businessweek Magazine story AI Giants Seek New Tactics Now That ‘Low-Hanging Fruit’ Is Gone. And we Drive to the Close with Ana Arsov, Global Head of Private Credit & Financial Institutions at Moody’s.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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How Businesses Benefit From Paying Workers Fairly

Thu, 19 Dec 2024 12:46:12 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
John Driscoll, former CareCentrix CEO and Walgreens executive, discusses his book Pay the People! Why Fair Pay is Good for Business and Great for America.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Fed Cuts Rates, Projects Fewer Reductions Next Year

Wed, 18 Dec 2024 21:38:24 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey and Michael Rosen, CIO at Angeles Wealth Management, discuss Federal Reserve officials projecting just two rate cuts in 2025, and they made it clear that future reductions would hinge on inflation progress. Frank Sorrentino, Chairman & CEO at ConnectOne Bank, shares his thoughts on what Fed policy means for banks and small businesses.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Instant Reaction: Jay Powell on Fed Policy

Wed, 18 Dec 2024 21:28:29 +0000

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Instant Reaction: The Fed Decides

Wed, 18 Dec 2024 20:00:42 +0000

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance

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Trump's Tariffs and Taxes, Revenge Quitting

Wed, 18 Dec 2024 13:30:48 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Joseph Thorndike, Director of the Tax History Project at Tax Analysts, discusses how President-elect Trump's tariff plan could impact businesses and consumers. Workplace Expert Laura Gassner Otting explains how employee resentment could result in "Revenge Quitting" in 2025.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Fed Expected to Announce Quarter-Point Rate Cut on Wednesday

Tue, 17 Dec 2024 21:18:58 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Steven Skancke, Chief Economic Advisor at Keel Point, discusses the FOMC meeting and provides a preview of Wednesday's interest rate decision. Bloomberg News Power and Renewable Energy Editor Will Wade and Bloomberg News Energy Reporter Josh Saul talk about whether the US power industry can meet AI’s steep energy demands. EV Realty CEO Patrick Sullivan explains the benefits of fleet operators switching to medium and heavy duty EV trucks for Bloomberg Plugged-In. And we Drive to the Close with Amy Magnotta, Co-CIO at Ategenos Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Charitable Giving, The Business of Affordable Baby Food

Tue, 17 Dec 2024 12:29:07 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Dianne Chipps Bailey, National Philanthropic Executive at Bank of America Private Bank, discusses charitable giving by affluent US households. Laura Modi, CEO of Bobbie, talks about battling inflation for customers of her pediatric nutrition company.
Hosts: Carol Massar and Emily Graffeo. Producer: Paul Brennan.

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SoftBank’s Son Pledges $100 Billion US Investment at Trump Event

Mon, 16 Dec 2024 21:18:20 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Senior Editor Michael Shepard discusses President-elect Donald Trump's announcement on Monday that SoftBank plans to invest $100 billion in the US over the next four years. Bloomberg Businessweek Columnist Max Chafkin shares the details of his Businessweek Magazine story Altman and Musk, Trump and Powell: These Feuds Will Define 2025. Kayak CEO Steve Hafner talks about travel trends for 2025. Peter Atwater, President at Financial Insyghts, explains vulnerability and health insurance. IKEA US CEO Javier Quiñones discusses the company's commitment to championing sustainability through its business plans and actions. And we Drive to the Close with Veronica Willis, Global Investment strategist at Wells Fargo Investment Institute.
Hosts: Carol Massar and Emily Graffeo. Producer: Paul Brennan.

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Combating Energy Waste, The Fragrance Queen

Mon, 16 Dec 2024 12:42:26 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Jonathan Maxwell, CEO of SDCL, discusses the business of developing and investing in sustainable energy infrastructure. “Fragrance Queen” Linda G. Levy, President of The Fragrance Foundation, talks about giving the "invisible accessory" this holiday season. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - December 13th, 2024

Fri, 13 Dec 2024 22:30:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Broadcom Soars Most Since 2020 to Top $1 Trillion Valuation

Fri, 13 Dec 2024 21:13:33 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani and Bloomberg News US Semiconductor & Networking Reporter Ian King discuss Broadcom's market valuation surging to $1 trillion on Friday after predicting a boom in demand for its artificial intelligence chips. Bloomberg Businessweek Senior Investigative Reporter Susan Berfield provides the details of the Businessweek Magazine story Human Eggs Are a Premium Commodity for a Global Fertility Market. Liz Centoni, Chief Customer Experience Officer at Cisco, talks about opportunities and challenges in building an AI-driven customer experience. And we Drive to the Close with Erik Hirsch, Co-Chief Executive Officer at Hamilton Lane.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Where are Semiconductors Headed Under Trump?

Fri, 13 Dec 2024 12:36:26 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Chris Miller, Professor at Tufts University and Author of Chip War: The Fight for the World's Most Critical Technology, shares his thoughts on the semiconductor industry under the Trump administration.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Adobe Drops After Tepid Outlook Stokes AI Disruption Fears

Thu, 12 Dec 2024 21:03:30 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Anil Chakravarthy, President of Digital Experience Business at Adobe, discusses the tech company's disappointing annual sales outlook, underscoring anxieties that the creative software company may lose business to emerging artificial intelligence-based startups. Frances Katzen, Founder of The Katzen Team at Douglas Elliman, shares her outlook for New York City real estate and comments on the arrest of luxury real estate brokers Oren, Tal, and Alon Alexander on charges of sex-trafficking. And we Drive to the Close with Tom Plumb, President and CIO at Plumb Funds.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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The Elevator Pitch for Female VC Funding

Thu, 12 Dec 2024 12:26:51 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Trinny Woodall, CEO of Trinny London, discusses the global beauty brand and her efforts to close the gender gap in VC funding.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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US Inflation in Line With Forecasts Solidifies Bets on Fed Cut

Wed, 11 Dec 2024 21:09:48 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Economics Editor Molly Smith and Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick report on US consumer prices rising at a firm pace in November, in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week. Bloomberg Intelligence Senior Antitrust Litigation Analyst Jen Rie discuses Albertsons suing Kroger for breach of contract in their failed merger deal. Bloomberg Intelligence Senior European Strategist Tim Craighead shares details on Businessweek's 50 Companies to Watch in 2025. Mike Bechtel, Chief Futurist at Deloitte, talks about the firm's tech trends to watch in 2025. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, talks about the launch of new AI features to help alleviate the US nursing shortage. And we Drive to the Close with Sevasti Balafas, CEO at GoalVest Advisory.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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The Deeply Reported Business History of Chip-Designer Nvidia

Wed, 11 Dec 2024 12:12:19 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Tae Kim, Senior Technology Writer for Barron’s, discusses his book The Nvidia Way: Jensen Huang and the Making of a Tech Giant.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Global Economy Won’t Feel Much Pain From Trump Agenda in 2025

Tue, 10 Dec 2024 21:15:48 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Businessweek Global Economics Editor Cristina Lindblad explains how Donald Trump's presidency promises to overturn established economic and foreign policy norms, favoring protectionism over free trade and tax cuts over debt reduction. Fran Katsoudas, Chief People, Policy, Purpose Officer at Cisco, discusses the tech firm's outlook for US government policy issues. Bloomberg News Chief Technology Correspondent Mark Gurman reports on Apple's plans to bring satellite connections to its smartwatch in 2025. Rob Thummel, Portfolio Manager at Tortoise Capital, takes a look at the EV market outlook for Bloomberg Plugged-In. And we Drive to the Close with Melissa Otto, Head of TMT Research at S&P Global Visible Alpha.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Consumer Banking, Global Business Schools

Tue, 10 Dec 2024 12:35:21 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Brendan Coughlin, Head of Consumer Banking at Citizens Financial Group, discusses the firm's strategic priorities for 2025. Manuel Muñiz, Provost of IE University, shares his thoughts on the evolution of the global business school.
Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.

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Assad’s Fall in Syria Puts World on Watch for More Chaos

Mon, 09 Dec 2024 21:03:05 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Dana Stroul, Senior Fellow at The Washington Institute for Near East Policy and Bloomberg News Senior Editor Bobby Ghosh discuss the power vacuum in Syria following the collapse of Bashar Al-Assad's government. Bloomberg News Deals Reporter Crystal Tse breaks down news that Mondelez is mulling a takeover of Hershey. LendingTree Chief Credit Analyst Matt Schulz shares the details on Americans supporting a cap on credit card interest rates. And we Drive to the Close with Alan Zafran, Founding Partner and Co-CEO at IEQ Capital.
Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.

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Harlem Brew Soul: A Beer Infused Soul Food Cookbook

Mon, 09 Dec 2024 12:38:06 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Celeste Beatty, Founder of Harlem Brewing Company, discusses the innovative and community-driven craft brewing company and her new book Harlem Brew Soul: A Beer Infused Soul Food Cookbook.
Hosts: Tim Stenovec and Nora Mulinda. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - December 6th, 2024

Fri, 06 Dec 2024 22:30:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, Bloomberg 960 AM San Francisco, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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US Hiring Rebounds, But Rising Unemployment Keeps Fed Cut Alive

Fri, 06 Dec 2024 21:08:09 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News International Economics & Policy Correspondent Michael McKee and Becky Frankiewicz, President North America at ManpowerGroup, break down the November jobs report, trends in the labor market and what the Fed will do with the data. Bloomberg News Senior Editor Michael Shepard reports on TikTok’s Chinese parent company facing a ban in the US next month as a result of a federal appeals court ruling on Friday. Dorothy Walter, Partner and CFO at Alpine Investors and Bloomberg News Senior Editor Nina Trentmann discuss deal making and M&A for PE firms. And we Drive to the Close with Megan Horneman, Chief Investment Officer at Verdence Capital Advisors.
Hosts: Tim Stenovec and Nora Mulinda. Producer: Paul Brennan.

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Charitable Giving, Reporting Tech Earnings and Outlook

Fri, 06 Dec 2024 12:32:45 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Stephanie Buckley, Head of Trust Philanthropic Services at Wells Fargo, discusses the firm’s 2024 charitable giving data. Crawford Del Prete, President at IDC, breaks down earnings results from HPE and looks at the overall IT sector. Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan.

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Bitcoin Soars Past $100,000 on Trump’s Pro-Crypto Pick for SEC Head

Thu, 05 Dec 2024 21:05:01 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Managing Editor for Crypto stacy-marie ishmael and Bloomberg News Financial Investigations Reporter Zeke Faux on discuss Bitcoin soaring past $100,000 on Trump’s pro-crypto pick for SEC Head. Lynlee Brown, Partner in Global Trade at Ernst & Young, talks about the role of taxes in the posed Trump tariffs. Julie Smolyansky, CEO of Lifeway Foods, discusses the kefir products company’s future after rejecting Danone’s takeover offer. And we Drive to the Close with Eric Clark, Portfolio Manager at Rational Dynamic Brands Fund.
Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan.

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Special Coverage: Strong Earthquake Strikes California

Thu, 05 Dec 2024 20:37:15 +0000

A magnitude-7.0 earthquake off the coast of Northern California triggered a brief tsunami warning across a swath of the US West Coast. The tsunami threat was declared over less than an hour later even as the area experienced multiple aftershocks. It was the strongest earthquake to strike the contiguous US since 2019. For the latest, hosts Tim Stenovec and Jess Menton speak with Bloomberg News Deputy Team Leader for Power and Natural Disasters Mark Chediak.

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Frank McCourt on TikTok's Future

Thu, 05 Dec 2024 12:50:33 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Frank McCourt, Founder of Project Liberty discusses the future of TikTok and the impact of social media on our lives.
Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.

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France's Government Topples, Investing in Commercial Real Estate

Wed, 04 Dec 2024 23:12:33 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Steven Englander Global Head:G10 FX Research Standard Chartered Bank on the no-confidence vote against French Prime Minister Michel Barnier. Kurt Alexander, President of Omni Hotels & Resorts, discusses the travel trend of families planning multigenerational trips; Thomas Carroll, Founder & CEO at Ballast Rock Private Wealth, on the factors that could impact real estate investing. And we Drive to the Close with Gina Bolvin, President of Bolvin Wealth Management Group

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Special Coverage: French Government Falls After Vote

Wed, 04 Dec 2024 20:57:43 +0000

Far-right leader Marine Le Pen teamed up with a left-wing coalition to topple the French government, pitching the country into a prolonged period of turbulence that’s likely to further unsettle investors. For reaction and analysis, hosts Tim Stenovec and Emily Graffeo speak with Bloomberg Daybreak Europe host Stephen Carroll, reporting live from our Paris bureau and Steven Englander, global head of G10 FX Research at Standard Chartered Bank.

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GoFundMe CEO Tim Cadogan on Giving Tuesday

Wed, 04 Dec 2024 12:22:46 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
GoFundMe CEO Tim Cadogan on the societal trends that have led to the company’s growth and Giving Tuesday
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar

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SpaceX Weighs Tender Offer, Geopolitical Turmoil

Tue, 03 Dec 2024 21:25:39 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Businessweek Columnist Max Chafkin on Elon Musk's Tesla Payout and SpaceX Weighing Tender Offer. Sydney Seiler, Senior Adviser Korea Chair at the Center for Strategic and International Studies discusses the South Korea's president to declare martial law, plus Bloomberg News EMEA News Director Rosalind Mathieson joins to discuss South Korea and the government of France facing a potential collapse. Ryan Detrick, Chief Market Strategist at the Carson Group, with a technical analysis of the markets. Amy Rubenstein, CEO of Clear Investment Group, on investing in distressed multi-family housing. And we Drive to the Close with Alexis Browne Roberts, COO at Alexis Investment Partners

Hosts: Carol Massar and Tim Stenovec. Producer: Sebastian Escobar and Paul Brennan.

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Amazon Prepares Its Operations Network to Deliver During Peak Holiday Period

Tue, 03 Dec 2024 12:05:41 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Sarah Rhoads, VP Global Operations at Amazon, discusses using AI and robotics for fulfillment centers and delivery this holiday season.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Intel CEO Forced Out After Board Grew Frustrated With Progress

Mon, 02 Dec 2024 22:20:27 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Technology Co-Host Caroline Hyde reports on Intel Chief Executive Officer Pat Gelsinger being forced out after the board lost confidence in his plans to turn around the iconic chipmaker. Bloomberg News National Security Team Leader Nick Wadhams on renewed fighting between Israel and Hezbollah even after the cease-fire deal. Bloomberg News Technology Reporter Jackie Davalos provides the details of her Businessweek Magazine story Billionaire Lindberg's 'Baby Project' Deceived Dozens of Women. Ben Harburg, Founder and Portfolio Manager at Core Values Alpha, discusses the investment landscape in China under another Trump administration. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Outside Interactive CEO on Mission to Encourage Outdoor Activity and Community

Mon, 02 Dec 2024 12:43:45 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Outside Interactive CEO Robin Thurston discusses the integrated social media platform that unites running, cycling, and other athletic events. Author and Executive Coach Caroline Adams Miller talks about her book Big Goals: The Science of Setting Them, Achieving Them and Creating Your Best Life.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Businessweek: Black Friday Special

Fri, 29 Nov 2024 19:34:36 +0000

On this special Black Friday program, hosts Tim Stenovec and Vonnie Quinn speak with Rakuten chief revenue officer Julie Van Ullen on online shopping this holiday season, Bloomberg News technology reporter Kurt Wagner on how the tech industry is preparing for a second Trump presidency, The Points Guy managing editor Clint Henderson for a look at the travel industry this holiday season and Fidelity Management & Research director of global macro Jurrien Timmer on markets following the close of the holiday shortened trading day.

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Bloomberg Businessweek Weekend - November 29th, 2024

Fri, 29 Nov 2024 19:00:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Core Inflation, Income Are Reasons for Fed Caution

Wed, 27 Nov 2024 21:13:50 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News International Economics & Policy Correspondent Michael McKee breaks down US economic data and the Fed's path forward. Jennifer Grancio, Head of ETFs at TCW, discusses market demand for active fixed income ETFs. Bloomberg News Consumer Team Leader Emily Cohn provides a preview of Black Friday shopping. Joe Klecha, Chief Nuclear Officer of The Nuclear Company, talks about taking advantage of the growing interest in nuclear energy in the US. And we Drive to the Close with Kathy Entwistle, Managing Director at Morgan Stanley Private Wealth Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Calculating the True Cost of all 'The 12 Days of Christmas' Gifts

Wed, 27 Nov 2024 12:42:32 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Amanda Agati, Chief Investment Officer at PNC Asset Management, breaks down the firm's annual Christmas Price Index. Claire Babineaux-Fontenot, CEO of Feeding America, discusses the significance of food banks during the holiday season.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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SPECIAL COVERAGE: Israel and Hezbollah Reach Ceasefire

Tue, 26 Nov 2024 21:49:40 +0000

Israel reached a deal for a 60-day cease-fire with the Lebanese militant group Hezbollah after weeks of talks mediated by the US, a first step toward ending a conflict that’s killed thousands of people. For reaction and analysis, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with Bloomberg National Security Team Leader Nick Wadhams and Bloomberg News Economy and Government reporter Galit Altstein.

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Fed Minutes Show Broad Support for `Gradually' Lowering Rates

Tue, 26 Nov 2024 21:20:36 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News International Economics & Policy Correspondent Michael McKee breaks news of Federal Reserve officials indicating broad support for a careful approach to future interest-rate cuts, according to minutes from their latest policy meeting. Henrietta Treyz, Director of Economic Policy at Veda Partners, discusses President-elect Trump's plans for new tariffs on China, Canada and Mexico. Katie Hubbard, EVP of Capital Markets for Walton Global, shares her thoughts on US housing. Tom McGee, President of ICSC, provides a preview of Black Friday shopping. Andy Bennett, CEO of Driivz, discusses what a new presidential administration could mean for the EV industry. And we Drive to the Close with Alan Lancz, Research Director at LanczGlobal.com.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Addressing Systemic Inequity by Reducing Racial and Gender Bias in Investing

Tue, 26 Nov 2024 12:29:45 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Daryn Dodson, Managing Partner at Illumen Capital, talks about the firm's Catalyst Fund designed to support entrepreneurs from underrepresented backgrounds. Pat Conlin, President of Wayback Burgers, talks about the business of fast casual dining.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Macy’s Delays Earnings After Worker Hid Millions in Expenses

Mon, 25 Nov 2024 21:04:59 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg TV Anchor Romaine Bostick breaks down news that Macy's is delaying its third-quarter earnings release due to an investigation that found an employee hid over $100 million in expenses. Aaron Kennon, CEO at Clear Harbor Asset Management, discusses how Trump policies could impact the markets and investing. Meridith Dennes, Managing Partner at Prospect Rock Partners, shares her thoughts on trends, bonuses and hiring in investment banking. And we Drive to the Close with Jim Smigiel, Chief Investment Officer at SEI.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Exploring the AI Revolution, Recycling Behaviors

Mon, 25 Nov 2024 12:59:36 +0000

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Craig Mundie, President of Mundie & Associates and former Microsoft Chief Research and Strategy Officer, discusses his book Genesis: Artificial Intelligence, Hope, and the Human Spirit. Tara Hemmer, Chief Sustainability Officer at WM, talks about the company's investigation of the recycling behaviors and perceptions of more than 1,000 American consumers and businesses.
Hosts: Matt Miller and Emily Graffeo. Producer: Paul Brennan.

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Listen Now: Beak Capitalism from Odd Lots

Sun, 24 Nov 2024 17:00:00 +0000

In this limited series, Odd Lots explains some of the thorniest issues facing the US economy through the medium of … chicken. Chicken occupies a unique position in the US diet, but issues facing the poultry industry illustrate wider points about the development of the US economy and the decisions being made about how it's structured and who benefits from it. So why has the chicken industry evolved in the way that it has? What’s been driving the price increases in eggs and meat? And what does it all say about things like inflation, the labor market and the nature of American capitalism?

Check out Beak Capitalism on Odd Lots wherever you get your podcasts.

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SPECIAL REPORT: Trump Nominates Scott Bessent To Lead US Treasury

Sat, 23 Nov 2024 00:52:07 +0000

President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury Secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term. Bloomberg Balance of Power hosts Joe Mathieu and Kailey Leinz offer instant reaction.

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Bloomberg Businessweek Weekend - November 22nd, 2024

Fri, 22 Nov 2024 22:20:00 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."

Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Super Micro Fights Delisting, Consumer Spending Outlook as Holidays Loom

Fri, 22 Nov 2024 22:15:02 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg News Equities Reporter Carmen Reinicke discusses Super Micro investors who were whiplashed as the firm fights for its listing. Bloomberg News Senior Editor Nina Trentmann joins alongside Home Depot CFO Richard McPhail to discuss company outlook and the Bloomberg CFO Briefing newsletter. Katie Thomas, Lead at the Kearney Consumer Institute, joins to breakdown consumer spending as we approach the holidays. Jenny Rooke, Founder of Genoa Ventures, talks strategies for early-stage investing in high-growth, category-defining companies. And we Drive to the Close with George Young, Portfolio Manager at Villere Funds.

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Day Two, Part Two at Schwab Impact in San Francisco

Fri, 22 Nov 2024 12:41:36 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab and Kevin Gordon, Senior Investment Strategist at Schwab, discuss US equities and macroeconomics. Jeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab, shares his thoughts on investing in global equities. Kathy Jones, Chief Fixed Income Strategist Schwab Center for Financial Research and Schwab Fixed Income Strategist Collin Martin look at bonds and Fed outlook.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Day Two live from Schwab Impact in San Francisco

Thu, 21 Nov 2024 21:10:39 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Rick Wurster, President and incoming CEO of Charles Schwab, discusses the Impact conference and wealth management trends. Jon Beatty, Head of Advisor Services at Charles Schwab, talks about RIA outlook. And we Drive to the Close with Jalina Kerr, Managing Director of Client Experience for Schwab Advisor Services.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Day One, Part Two at Schwab Impact in San Francisco

Thu, 21 Nov 2024 12:44:53 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Dana D’Auria, Co-CIO of Envestnet, discusses managing the Trump Trade. David Botset, Head of Innovation and Stewardship at Schwab Asset Management, talks about ETF investing.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Special Edition: Nvidia Forecast Misses Loftiest AI Estimates

Wed, 20 Nov 2024 22:34:52 +0000

Nvidia, the chipmaker at the heart of an artificial intelligence boom, delivered a revenue forecast that failed to meet the highest expectations, suggesting that the company’s dizzying growth run has its limits. For reaction and analysis, Businessweek hosts Carol Massar and Tim Stenovec speak with Bloomberg Technology cohost Caroline Hyde, Bloomberg Intelligence senior semiconductor analyst Kunjan Sobhani, Bloomberg News equities reporter Ryan Vlastelica and Bloomberg News earnings reporter Redd Brown

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Broadcasting live from Schwab Impact in San Francisco

Wed, 20 Nov 2024 21:10:27 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Omar Aguilar, CEO & CIO of Schwab Asset Management, discusses the markets and behavioral finance. Manju Boraiah, Head of Systematic Edge Fixed Income and Custom SMA Investments at Allspring Global Investments, shares his thoughts on fixed-income investing. And we Drive to the Close with Brian Vendig, Chief Investment Officer at MJP Wealth Advisors.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Three Innovators Offer a Road-Tested Framework for Career Development

Wed, 20 Nov 2024 12:37:16 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Harvard Business School Professor Ethan Bernstein discusses his book Job Moves: 9 Steps for Making Progress in Your Career. Bertina Ceccarelli, CEO at NPower, talks about how apprenticeships are driving equity and opportunity in the workforce. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Ukraine Carries Out First Strike With US Missiles in Russia

Tue, 19 Nov 2024 21:26:49 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Angela Stent, Senior Fellow at Brookings Institution, shares her thoughts on Ukraine using Western-supplied missiles to strike a military facility in Russia's Bryansk region, the first known attack of its kind. Bloomberg News Correspondent David Gura shares reaction to the Ukraine missile attack from the G-20 summit. Ryan Kelley, CIO at Hennessy Funds, discusses investing in the mid & small-cap space. Garrett Nelson, Senior Equity Analyst at CFRA, explains why Rivian is a high risk investment. And we Drive to the Close with Andrew Krei, Co-CIO of Crescent Grove Advisors.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Why the Middle East Is Becoming Attractive to International Investors

Tue, 19 Nov 2024 12:35:32 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Noor Sweid, Founder of Global Ventures, discusses venture capital investing in the Middle East and Africa. Bloomberg News Tech Features Writer Ellen Huet provides the details of her Businessweek Magazine story Trump’s Anti-Regulation Pitch Is What AI Industry Wants to Hear.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Trump’s Impossible Task

Mon, 18 Nov 2024 23:30:38 +0000

Bloomberg Businessweek National Correspondent Josh Green discusses how President-elect Trump is attempting to pull off plutocratic populism, but the math doesn’t square. Dr. Paul Offit, Director of the Vaccine Education Center at the Children’s Hospital of Philadelphia, shares his thoughts on the RFK Jr. nomination for Health & Human Services Secretary. Mike Rode, Senior Investment Director at American Century Investments talks about investing in small caps. And we Drive to the Close with Jeff McClean, CEO at Solidarity Wealth. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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A Deep Dive Into the Stories and Lives of Fascinating People

Mon, 18 Nov 2024 12:37:58 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Ed Kalegi, Bloomberg News Reporter and Host of "The Weekend with Ed Kalegi” discusses his book It Was Great to Say Hello to…A Curious Radio Host’s Conversations with Actors, Authors, and Newsmakers.
Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - November 15th, 2024

Fri, 15 Nov 2024 22:00:00 +0000

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Trump Aims a ‘Wrecking Ball’ at Climate Policy

Fri, 15 Nov 2024 21:12:04 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Leslie Kaufman, Climate Change Reporter for Bloomberg Green, discusses President-elect Donald Trump's plans to roll back climate policies, including withdrawing from the Paris climate agreement and attacking the Inflation Reduction Act. Bloomberg News Senior Editor Nina Trentmann shares the details of the Bloomberg CFO Briefing newsletter with Principal Financial Group CEO Deanna Strable. And we Drive to the Close with Tracy Bell, CIO at First Horizon Advisors.
Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan.

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Examining Trump Energy Policies, Investing in Consumer Stocks, Watching Martha Stewart Doc

Fri, 15 Nov 2024 12:53:42 +0000

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Gabriella Hoffman, Director at Independent Women’s Forum, shares her thoughts on potential energy policies from the Trump administration. Abby Roach, Portfolio Analyst for the Empiric LT Equity Team at Allspring Global Investments discusses retail stocks. Bloomberg Businessweek Senior Reporter Amanda Mull shares the details of her Businessweek Magazine story New Martha Stewart Documentary Examines a Lifestyle Empire.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Disney Tops Profit Estimates on Movies, Streaming Growth

Thu, 14 Nov 2024 20:31:06 +0000

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Bloomberg Intelligence Technology and Media Analyst Geetha Ranganathan discusses Disney's fourth-quarter results that beat expectations, providing the media company with a bullish outlook. Bloomberg News Senior Reporter Iain Marlow shares his thoughts on Trump cabinet picks. Bloomberg News Technology Reporter Kurt Wagner explains why Meta’s tough week may be a sign of turbulence to come. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Examining Potential Trump Policies for Trade, China and Crypto

Thu, 14 Nov 2024 12:42:10 +0000

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Nazak Nikakhtar, Chair of National Security Law Practice at Wiley Rein, discusses international trade and China policy under a new Trump administration. Adam Sullivan, CEO of Core Scientific, shares his thoughts on the positive reaction to Trump's election in crypto market.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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US Core CPI Remains Firm for Third Straight Month With 0.3% Gain

Wed, 13 Nov 2024 21:11:16 +0000

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Bloomberg News International Economics & Policy Correspondent Michael McKee discusses CPI data and his interview with Minneapolis Fed President Neel Kashkari. Bloomberg News Reporter Tyler Kendall provides the details of President Biden's meeting with President-elect Trump at the White House. Bloomberg Businessweek Columnist Max Chafkin talks about his Businessweek Magazine story Elon Musk Has a New Project to Run: Donald Trump’s Government. Andy Marsh, CEO of Plug Power, discusses the growing role of green hydrogen in the energy sector. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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How the Subtle but Significant Consequences of a Hotter Planet Have Already Begun

Wed, 13 Nov 2024 12:36:15 +0000

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R. Jisung Park, Assistant Professor at the University of Pennsylvania, discusses his book Slow Burn: The Hidden Costs of a Warming World.
Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.

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Citigroup CEO Jane Fraser Talks Trump; M&A Unlocking

Tue, 12 Nov 2024 23:03:45 +0000

Citigroup chief executive officer Jane Fraser said that clients who’d been waiting on the sidelines to do deals are focused on moving forward with mergers and acquisitions as they see that scale is needed to compete. Clients were awaiting an “unlocking” before embarking on M&A and are now starting to ramp up plans in the wake of Trump’s election win. Fraser discussed this and more in a conversation with Bloomberg's Sonali Basak.

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Delta CEO Bastian Sees Pro-Business Trump Administration

Tue, 12 Nov 2024 21:46:11 +0000

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Delta CEO Ed Bastian and Wheels Up CEO George Mattson talk about what the incoming Trump administration could mean for businesses and consumers. They also talk about their strategic partnership, fleet modernization, and the airline industry landscape.
Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.

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Trump Tariff Plans Expected to Deliver High Drama, Bumpy Rollout

Tue, 12 Nov 2024 21:08:00 +0000

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Bloomberg News Economics Writer Shawn Donnan discusses how the implementation of tariffs by the Trump administration may be calibrated to avoid harming US businesses and the economy, but the details are still unclear. Pagaya CEO Gal Krubiner talks about solving the problem of consumers getting credit. And we Drive to the Close with Paul Christopher, Head of Global Investment Strategy at Wells Fargo Investment Institute.
Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.

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Trump Tariff Taxes, Financial Planning for Vets

Tue, 12 Nov 2024 12:48:58 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Erica York, Senior Economist at the Tax Foundation, discusses what proposed tariff's by President-elect Trump could mean for taxpayers. Siebert CIO Mark Malek and Kaj Larsen, Head of Military Investing and Communications, talk about helping veterans with their unique needs to financial planning.
Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.

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Bitcoin Soars as Trump Win Boosts Crypto Prospects

Mon, 11 Nov 2024 21:05:47 +0000

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Bloomberg News Senior Editor Mike Regan explains Bitcoin rallying past $84,000 on Monday boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. Peter Atwater, President at Financial Insyghts, talks about what he calls the "Bro Trade" brewing in a new Trump administration. Tye Brady, Chief Technologist for Robotics at Amazon, discusses the future of work with artificial intelligence. And we Drive to the Close with Greg Halter, Director of Research at Carnegie Investment Counsel.
Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.

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State of Thanksgiving Dinner with Butterball CEO

Mon, 11 Nov 2024 12:39:52 +0000

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Butterball CEO Jay Jandrain on how the incoming Trump administration affects the business, how inflation could impact Thanksgiving food costs and the iconic Butterball Turkey Talk-Line.
Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan and Sebastian Escobar

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Bloomberg Businessweek Weekend - November 8th, 2024

Fri, 08 Nov 2024 22:30:00 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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Climate Policy under Second Trump Term

Fri, 08 Nov 2024 21:26:16 +0000

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Bloomberg Opinion Editor Mark Gongloff on Trump's Second Term is Bad for the Climate, But Not Hopeless. Bloomberg News Senior Editor Nina Trentmann and Mandy Fields, CFO at Elf Beauty, on what higher US tariffs could mean for companies and consumers. Bill Cox, Global Head of Corporate, Financial, and Government Ratings at KBRA, on why rate cuts will help most but not all borrowers. and we Drive to the Close with Jim Worden, CIO at The Wealth Consulting Group

Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan and Sebastian Escobar

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Trump’s Win Is Tale of Widespread Discontent

Fri, 08 Nov 2024 13:26:48 +0000

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg Audience Survey https://bit.ly/48b5Rdn

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Businessweek Editor Brad Stone offers an assessment of what propelled Donald Trump to a decisive victory in the run for the US presidency.

Hosts: Tim Stenovec. Producer: Paul Brennan.

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Ark's Cathie Wood Sees Many Regulatory Changes Under Trump

Thu, 07 Nov 2024 21:52:30 +0000

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Ark Invest CEO and CIO Cathie Wood discusses what a Trump administration could mean for her outlook and investment strategy. She also talks about Elon Musk's relationship with the president-elect and the state of cryptocurrencies.
Hosts: Tim Stenovec. Producer: Paul Brennan.

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Instant Reaction: Jay Powell on Fed Policy

Thu, 07 Nov 2024 21:17:18 +0000

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Instant Reaction: The Fed Decides

Thu, 07 Nov 2024 20:15:01 +0000

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance

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Qualcomm Outlook Tops Estimates After Phone Demand Picks Up

Thu, 07 Nov 2024 12:32:59 +0000

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Bloomberg News Technology Reporter Jackie Davalos breaks down Qualcomm and Arm earnings.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Donald Trump Wins Presidential Election, Defeating Harris to Retake White House

Wed, 06 Nov 2024 21:09:07 +0000

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Ed Price, Senior Fellow at New York University, discusses the US election and geopolitical landscape under another Trump administration. Bloomberg News International Economics & Policy Correspondent Michael McKee and Steven Skancke, Chief Economic Advisor at Keel Point, provide a Fed decision preview. Bloomberg Businessweek Columnist Max Chafkin explains why Elon Musk is about to find out what spending a $130 million for Trump gets him. And we Drive to the Close with Louis Navellier, Founder and CIO at Navellier & Associates.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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The Outlook for Cryptocurrencies Under a New President

Wed, 06 Nov 2024 12:21:02 +0000

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Steven McClurg, CEO at Canary Capital and Chen Arad, Co-Founder and CXO of Solidus Labs, talk about the future of crypto outlook under a new presidential administration.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Presidential Election from a Variety of Angles

Tue, 05 Nov 2024 21:09:01 +0000

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Bloomberg Economics Senior Geoeconomic Analyst Gerard DiPippo discusses what a Harris or Trump win would mean for the world. Eurasia Group President Ian Bremmer shares his thoughts on the election and escalating geopolitical threats. Bloomberg News Congressional Reporter Billy House breaks down the $10 billion battle for Congress. And we Drive to the Close with Emily Roland, Co-Chief Investment Strategist at John Hancock Investment Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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The Return of the New York Comedy Festival

Tue, 05 Nov 2024 12:28:44 +0000

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Caroline Hirsch, Founder of Carolines on Broadway, joins the show to discuss the 20th annual New York Comedy Festival this November and the Stand Up for Heroes.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan and Sebastian Escobar.

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Prediction Elections, Vote-Counting Machines

Mon, 04 Nov 2024 21:26:20 +0000

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Bloomberg Opinion Columnist John Authers on Prediction Markets Give Trump a November Surprise. Justina Lee, Bloomberg Cross-Asset Markets Reporter, on Election Gambling Faces Its Moment of Truth. Bloomberg News Campaign Finance Reporter Bill Allison on 11,000 Political Groups Spent $14.7 Billion to Influence the 2024 Election. Bloomberg News Technology Reporter Austin Carr on US Voting Machine Maker Explains Why the Tech Is Safer Than Ever and we Drive to the Close with Kara Murphy, CIO at Kestra Investment Management

Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan

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Listen Now: US Election Coverage on Bloomberg Podcasts

Mon, 04 Nov 2024 17:00:00 +0000

Be in the know this election with Bloomberg Podcasts. Follow Bloomberg News Now for up-to-the minute election results, all night long. And go deeper with The Big Take podcast, featuring in-depth global analysis of the US election every day this week.

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Cloud Security, Female MBA Enrollment

Mon, 04 Nov 2024 16:48:26 +0000

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Lane Bess, CEO of Deep Instinct, discusses the increase in the opportunity for security threats as more companies accelerate their cloud business. Elissa Sangster, CEO at Forte Foundation, talks about more women enrolling in full-time MBA programs.Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan.

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Bloomberg Businessweek Weekend - November 1st, 2024

Fri, 01 Nov 2024 21:26:15 +0000

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.

Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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US Payrolls Increase by Just 12,000, Hit by Storms and Strikes

Fri, 01 Nov 2024 20:07:51 +0000

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Bloomberg News International Economics & Policy Correspondent Michael McKee discusses what the October jobs report means for the presidential election and next week's Fed meeting. Martha Heller, Founder of Heller Search, talks about AI’s impact on the US workforce. Bloomberg News Chief Technology Correspondent Mark Gurman discuses Apple earnings sparking concerns with a tepid forecast and weakness in China. Jenna Stauffer, Global Real Estate Advisor at Sotheby’s International Realty, explains why housing is central to the US presidential election. And we Drive to the Close with Carol Schleif, CIO at BMO Family Office.
Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan.

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Big Tech Earnings, Healthy Eating for the Holidays

Fri, 01 Nov 2024 11:34:34 +0000

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James Cakmak, Technology Analyst at Clockwise Capital, shares his thoughts on big tech earnings. Julia Wolfson, Associate Professor at the Johns Hopkins Bloomberg School of Public Health, discusses maintaining a healthy diet over the holidays.
Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.

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Bloomberg Technology Special: Intel CEO Pat Gelsinger

Thu, 31 Oct 2024 23:23:06 +0000

On a special edition of Bloomberg Technology, host Ed Ludlow speaks with Intel CEO Pat Gelsinger after the company gave a fourth-quarter revenue forecast slight above estimates, leading to a spike in shares after hours.

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Instant Reaction: Intel and Apple Earnings Results

Thu, 31 Oct 2024 21:16:17 +0000

Intel shares surged after the company gave a fourth-quarter revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share. Apple reported weaker sales in China than anticipated last quarter, raising fresh concerns about one of its most important regions. For instant reaction and analysis to the latest big tech earnings drop, hosts Tim Stenovec and Emily Graffeo speak with Bloomberg Technology co-host Ed Ludlow.

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US Jobless Claims Fall to Five-Month Low as Storm Impact Fades

Thu, 31 Oct 2024 20:08:16 +0000

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Bloomberg News Economics Editor Molly Smith breaks down US PCE data and jobless claims ahead of Friday's jobs report. Jeff Krumpelman, Chief Investment Strategist at Mariner Wealth Advisors, shares his thoughts on investing tricks and treats. Dr. Amy Acton, former Director of the Ohio Department of Health, talks about the Bloomberg Philanthropies documentary The Invisible Shield. Jane Oates, Senior Policy Advisor at WorkingNation, previews the October jobs report and shares labor market trends. Ian Rogers, Chief Experience Officer at Ledger, discusses providing digital asset security for consumers and enterprises. And we Drive to the Close with Brooke May, Managing Partner at Evans May Wealth. Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.

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L'Oréal Paris USA President and 2024 Women of Worth Honoree

Thu, 31 Oct 2024 11:41:26 +0000

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Ali Goldstein, President of L’Oréal Paris USA, discusses the Women of Worth program recognizing the philanthropic achievements of non-profit leaders from across the nation. Ali is joined by honoree Jahnavi Rao, Founder and President of New Voters, a youth-led national nonprofit that engages high school students through nonpartisan near-peer mentorship to ensure youth voices are heard and prioritized in politics.
Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.

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Instant Reaction: Microsoft, Meta Earnings Results

Wed, 30 Oct 2024 20:58:24 +0000

Microsoft's cloud-computing and Office software businesses fueled stronger-than-projected quarterly revenue growth, a sign that the company’s hefty investments in artificial intelligence are starting to pay off. Meanwhile, Meta Platforms projected stronger-than-expected holiday quarter sales, and touted AI improvements to its core advertising business. But it wasn’t enough to satisfy Wall Street.

For instant reaction and analysis to these results, plus other tech earnings, hosts Tim Stenovec and Katie Greifeld speak with Bloomberg Intelligence senior technology analysts Mandeep Singh and Anurag Rana.

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Super Micro Auditor EY Resigns, Citing ‘Integrity’ Concerns

Wed, 30 Oct 2024 20:12:45 +0000

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Bloomberg Technology Co-Host Caroline Hyde and Bloomberg News Equities Reporter Bailey Lipschultz discuss Ernst & Young resigning as the auditor to troubled server maker Super Micro Computer citing concerns about the company’s governance and transparency. Michael Sansoterra, CIO Silvant Capital, shares his thoughts on investing in tech stocks. Sharon Miller, President and Co-Head of Business Banking at Bank of America, provides the details of the firm's 2024 Women & Minority Business Owner report. Eric Min, Co-Founder & CEO at Zwift, talks about using AI for the online cycling and running physical training program. And we Drive to the Close with Amanda Rebello, Head of Xtrackers Sales, US Onshore at DWS Group.
Hosts: Tim Stenovec and Katie Greifeld. Producer: Paul Brennan.

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How Chat GPT and AI interact with the World

Wed, 30 Oct 2024 11:40:31 +0000

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Dr. Terrence Sejnowski, Professor at the University of California at San Diego, discusses his book ChatGPT and the Future of AI: The Deep Language Revolution.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Instant Reaction: Alphabet Beats Sales Estimates

Tue, 29 Oct 2024 20:55:54 +0000

Google parent Alphabet reported third-quarter sales that climbed more than analysts expected, helped by the growth of its cloud computing business. For instant reaction and analysis, hosts Carol Massar and Tim Stenovec spoke with Bloomberg Intelligence senior tech industry analyst Mandeep Singh and Bloomberg Technology co-host Caroline Hyde.

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