Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November’s midterm elections. Elsewhere, Bank of America stock and fixed-income traders missed estimates, while Anthropic held a pre-IPO investor day. On today's episode: Bank of America CEO Brian Moynihan Mike McKee, Bloomberg News Economics & Policy Correspondent Mandeep Singh, Bloomberg Intelligence Global Head of Tech Research Kelly O. Kay & Jeff Sanders, Partners at Heidrick & Struggles See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A circular funding model is accelerating the AI boom, but also amplifying imbalances — reviving memories of the global financial crisis. For more, we speak with Shawn Donnan, Senior Economics Writer for Bloomberg News. He speaks with Businessweek Daily hosts Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

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 chipmakers deepened on concerns about the sustainability of the artificial-intelligence trade, weighing on stocks as Wall Street banks kicked off the earnings season. In a renewed bout of weakness, a closely watched gauge of semiconductor powerhouses extended its plunge from a June record, while concerns linked to artificial intelligence propagate across sectors. Meantime, New York Fed President John Williams said he still sees one more interest-rate hike as appropriate this year. On today's episode: Herman Chan, Bloomberg Intelligence Senior US Banks Analyst Mamadou-Abou Sarr, Founder & President at V-Square Gautam Mukunda, Bloomberg Opinion Columnist Natalia Emanuel, New York Fed Economist See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Roughly $750 billion. That’s how much Meta Platforms Inc., Amazon.com Inc., Microsoft Corp. and Google owner Alphabet Inc. are expected to devote to capital expenditures this year alone. That’s more than the entire gross domestic product of Ireland or Belgium. More than half of what all of the companies in the S&P 500 Index spent in total last year. Enough to cut a $5,500 check for every household in the US. Ian King, Bloomberg News US Semiconductor Reporter & Lynn Doan, Bloomberg News Managing Editor for Technology, join Businessweek Daily to break down the true cost of a single data center. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Stocks fluctuated near all-time highs Monday as traders looked ahead to the start of the earnings season and inflation data that will be key in shaping the Federal Reserve outlook. With Corporate America navigating one of the strongest profit cycles in recent history, equities have also defied concerns about elevated energy costs and bond yields. President Trump’s deal with Moscow on its diesel exports and his praise for Vladimir Putin are just the latest in a string of Russia-related news that have sparked criticism from Republicans weeks ahead of a midterm election that increasingly favors Democrats. On today's episode: Jeff Mason, Bloomberg News White House Correspondent Margie Patel, Senior Portfolio Manager at Allspring Global Investments Veena Ali-Khan, Bloomberg News Reporter Tal Keinan, CEO of Sky Harbour See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’s been stuck below since July. SpaceX is closing in on a crucial swath of spectrum needed to turn the rocket, satellite and AI company into a “major mobile carrier,” setting the stage for a clash with stalwarts like T-Mobile US Inc., Verizon Communications Inc. and AT&T Inc. Once the company receives approval from the Federal Communications Commission, it will combine its satellite-to-cell services with a terrestrial network that can connect devices everywhere. For more, we speak with Loren Grush, Bloomberg News Global Space Reporter. See omnystudio.com/listener for privacy information.

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.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Wall Street traders betting on another solid corporate earnings season sent stocks higher despite lingering concerns about still-elevated energy prices and bond yields. Brent crude fluctuated around $104, bringing little relief to investors worried about inflationary pressures that could make the Federal Reserve raise interest rates. Corporate America is now navigating one of the strongest profit cycles in recent history, with the S&P 500 posting seven consecutive quarters of double-digit earnings growth. On today's episode: Seth Fiegerman, Bloomberg News AI Editor Logitech CEO Hanneke Faber Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence Barbara Reinhard, CIO: Multi-Asset Strategies & Solutions at Voya Investment Management See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Youth flag participation has soared in an almost impossibly short time, especially among girls. According to data from the National Federation of State High School Associations, more than 100,000 American high school girls played flag football at school during the 2025-26 academic year, which constitutes a 48% jump from the previous year and an increase of more than 550% from just five years ago. By the NFL’s numbers, approximately 800,000 girls from age 6 to 17 now compete in some capacity. We speak with Amanda Mull, Bloomberg Businessweek Senior Reporter. See omnystudio.com/listener for privacy information.

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 not attack Iran ahead of November’s midterm elections, citing “productive discussions” with the Islamic Republic. Trump's comments came despite Iran ramping up attacks on tankers in the Strait of Hormuz and Tehran-backed militants in Yemen attacking energy facilities in Saudi Arabia. The US will keep a naval blockade of Iranian exports in place, and recently moved its B-1B bombers from a base in the United Kingdom due to possible Iran-linked threats. The remarks follow recent reporting in The Atlantic that Trump was mulling plans to strike Iran before the midterm contests and that the White House had asked the Pentagon to prepare options for strikes beforehand. On today's episode: Wendy Benjaminson, Bloomberg News Senior Editor Aaron Cutler, Partner at Hogan Lovells Cadwalader Ali Hyatt, Chief Commercial Officer at Henry Schein One Max…

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 upcoming push into smart home devices will include a doorbell, thermostat and other accessories developed through an unusual partnership with LG Electronics Inc. The products will be part of an ecosystem of devices that work with Apple’s new smart home hub, as well as an upgraded HomePod mini and fresh TV set-top box, according to people with knowledge of the matter. We get reaction from Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A record-breaking run in stocks hit a wall as still-elevated oil prices stoked concerns that potential inflationary pressures could trigger Federal Reserve interest-rate hikes. Those worries sent the S&P 500 down from an all-time high. Brent crude fluctuated around $100 as traders weighed a pickup in Iranian attacks on vessels in the Strait of Hormuz against resilient Middle East flows. Ten-year Treasuries bounced from session lows after a solid $39 billion sale, but yields remained near the highest since 2002. On today's episode: Jeff Rosenberg, Managing Director & Portfolio Manager, Systematic Multi-Strategy Fund at BlackRock Jennifer Welch, Senior Geoeconomics Analyst for Bloomberg Economics Ed Ludlow, Host of Bloomberg Tech Dr. Amesh Adalja, Senior Scholar at Johns Hopkins Center for Health Security See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Residents in West Texas describe noise, odors and health concerns from a gas flare operating near their homes as oil producers face scrutiny over pollution and their commitments to curb emissions. Oil giants including ExxonMobil, Occidental Petroleum and others have pledged to reduce or eliminate the flaring practice, but a new investigation by Bloomberg News and The Examination found persistent flames at sites tied to companies participating in the World Bank’s Zero Routine Flaring initiative. For more, we speak with Ben Elgin, Bloomberg News ESG Reporter & Will Evans, Senior Reporter for The Examination. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Just a week ahead of the earnings season, the S&P 500 headed toward its first record close since August. Strong corporate earnings, enthusiasm around the artificial intelligence trade and a US economy that has so far avoided a significant slowdown have fueled a roughly 14% advance in the S&P 500 this year. The rally is getting additional support from lower oil prices, which have helped temper concerns about rising consumer costs. On today's episode: Eric Weiner, Bloomberg News Senior Editor for Equities Sastry Durvasula, Chief Operating Officer at TIAA Laura Rippy, Managing Partner at Alumni Ventures Eric So, Author of 'The Collision' & Professor of Economics at MIT Sloan School of Management See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Paramount Skydance Corp. outlined the executive leadership team that will helm the new company resulting from its acquisition of Warner Bros. Discovery Inc. after its expected closing on Tuesday. Under the name of Skydance, the new Hollywood behemoth will operate with co-chief executive officers, pairing a creative executive with a more business-oriented leader to manage several of its major divisions. David Ellison will continue to serve as CEO and chairman, overseeing the company’s long-term strategy and creative vision, while co-CEO Ynon Kreiz, who stepped down as CEO of Mattel Inc. last week, will focus on day-to-day management, the company said Monday. Andy Gordon will serve as president and Dennis Cinelli will stay on as CFO. For more, we speak with Hannah Miller, Bloomberg News Media Reporter. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF US stocks extended gains on Monday as investors weighed resilient earnings expectations against mounting bond-market and political worries. The S&P 500 inched closer to a record high despite the benchmark Treasury yield spiking to the highest in more than two decades. The stock gauge has gained roughly 14% since the beginning of the year. On today's episode: Ed Harrison, Bloomberg News Senior Strategist Laura Nahmias, Bloomberg News Senior Reporter & Seth Fiegerman, Bloomberg News AI Editor Sumit Roy, Realty Income Corporation CEO Dylan Sloan, Bloomberg News Wealth Reporter See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A FOIA request has uncovered another little-known feature of life at the top of the Justice Department: attorneys general have used alternate email addresses to conduct government business for over a decade. This time around, Bloomberg News Senior Investigative Reporter Jason Leopold obtained the alias used by former Attorney General Pam Bondi. The discovery raises broader questions about government transparency and access to public records. Leopold explains how alternate email addresses can make FOIA searches more difficult when requesters don’t know which accounts officials used to conduct government business -- and how revealing those aliases can help journalists locate records that might otherwise be missed. He speaks with Bloomberg Businessweek Daily hosts Carol Massar and Alexis Christoforous. See omnystudio.com/listener for privacy information.

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.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs. Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, according to Bureau of Labor Statistics data out Friday. That missed all estimates in a Bloomberg survey of economists. The unemployment rate rose to 4.2%, partly reflecting a growing workforce. On today's episode: - Mike McKee, Bloomberg News & Kathy Bostjancic, Chief Economist at Nationwide - Nathan Dean, Senior US Policy Analyst for Bloomberg Intelligence - Michael Lohan, CEO of IDA Ireland - Yannick Benjamin, Founder of Wine on Wheels See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Bloomberg Screentime gathers the moguls, celebrities and entrepreneurs defining the next phase of pop culture. Amidst a wave of consolidation, industry experts discuss and debate the future of entertainment studios, live sports, podcasting, music, and the impact of AI on the creative industries. Hosts Carol Massar and Tim Stenovec speak to the industry leaders navigating the transformation from Hollywood. On today's episode: - Ed Ludlow, Host of 'Bloomberg Tech' - Darren Walker, CEO at Anonymous Content - Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech - Aleen Dreksler, Founder & CEO at Betches Media See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Hewlett Packard Enterprise Co. boosted its networking revenue forecast and announced a $1.2 billion order from cloud company Vultr, giving fresh signals that it’s benefiting from the AI build-out. The company, which expanded its networking business by acquiring Juniper Networks last year, now expects that segment to range from the high teens to the low 20s in percentage sales growth during fiscal 2027. The company also gave a longer-range sales outlook in the high teens, with an operating margin target of as much as the high 20s. For more, we speak with Marie Myers, Chief Financial Officer at HPE. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, for the biggest monthly jump since March 2025. The Federal Reserve’s preferred measure of underlying inflation, the personal consumption expenditures price index excluding food and energy, rose a less-than-expected 0.2%. The prior month was also revised lower. On today's episode: Mike McKee, Bloomberg News & Lindsey Piegza, Chief Economist at Stifel David Bahnsen, Founder & CIO at The Bahnsen Group Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist Jennifer Palmer, Founder & CEO at JPalmer Collective See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Apple Inc. Chief Executive Officer John Ternus, just weeks into the role, is moving to overhaul the iPhone maker in an effort to accelerate product development, broaden its range of devices and create a leaner organization with a greater focus on engineering. The plans, which Ternus has discussed internally with colleagues, offer the first signs of how Apple’s former hardware engineering chief intends to reshape the company following Tim Cook’s 15-year tenure as CEO. We take a closer look with Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF OpenAI has unveiled an always-on artificial intelligent agent that’s designed to proactively tackle work on a user’s behalf, competing with firms like Meta Platforms Inc. in a growing field for AI-powered digital assistants. The product, called Dots, is capable of using a computer and pulling information from various connected applications to conduct research, draft documents and develop software, OpenAI said on Tuesday. On today's episode: OpenAI CEO Sam Altman & Ed Ludlow, Host of Bloomberg Tech Dave Lee, Bloomberg Opinion Columnist Ann Miletti, Head of Equity Investments at Allspring Global Investments Ian Rogers, Chief Human Agency Officer at Ledger See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Global anxiety over artificial intelligence risks has intensified following fresh disclosures about a far wider range of breaches by advanced AI models, setting the stage for a high-stakes meeting between Anthropic PBC Chief Executive Officer Dario Amodei and President Donald Trump. Amodei and Trump met on Sunday night, according to a White House official, bringing together two men at opposite ends of the AI safety debate. The meeting marked their first private sit-down after months of rocky relations between the Anthropic chief and the administration over safety-related issues involving the company’s AI tools. We discuss their meeting and the day's top headlines with Seth Fiegerman, Bloomberg News AI Editor. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, dampening hopes of a diplomatic breakthrough to end the war. The decline pushed most Treasury yields higher by nearly 10 basis points by noon in New York, with those on 10-year bonds climbing to a fresh 19-year high. Meantime, Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November. On today's episode: Patrick Murphy, former Acting Secretary of the Army & US Congressman Bob Chapek, former Disney CEO Rebecca Walser, Founder & CIO at Walser Wealth Management Ed Ludlow, 'Bloomberg Tech' Host See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors. The parallel deals have been questioned by Democratic lawmakers alleging possible conflicts of interest involving Lutnick and his sons. But a more basic set of questions has dogged the project: Can USA Rare Earth Inc., the company getting these public and private funds, actually produce the critical minerals and magnets the government needs to break China’s chokehold on global supplies? For a closer look, we speak with Joe Deaux, Bloomberg News Senior Reporter for Corporate & Economic Statecraft. See omnystudio.com/listener for privacy information.

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 he would meet again with Chinese leader Xi Jinping in November, following what he said was a successful summit in Washington that was seemingly light on concrete policy outcomes. Meanwhile, oil prices declined on tentative signs that talks between the US and Iran to reopen the world’s most important energy shipping route were progressing. On today's episode: - Jennifer Welch, Chief Geoeconomics Analyst for Bloomberg Economics - Mekala Krishnan, Partner at the McKinsey Global Institute - Carolyn Rodrigues Birkett, Permanent Representative of Guyana to the UN - Rudina Seseri, Founder & Managing Partner at Glasswing Ventures See omnystudio.com/listener for privacy information.

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.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks. The technology giant sent the project’s developer, a unit of Blue Owl Capital Inc., a notice citing force majeure, according to people familiar with the situation. Rather than trying to walk away as the site’s main tenant, Oracle is attempting to put off payments should the data center dubbed Project Jupiter get derailed and fail to come online in 2028 as planned, the people said, asking not to be identified discussing private matters. Companies typically invoke force majeure to free themselves from contractual obligations when problems arise beyond their control. In this case, Oracle is seeking to assert its contractual position if the build-out is delayed. For a closer look, we speak…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Presidents Donald Trump and Xi Jinping addressed their intense competition over artificial intelligence on Thursday during a summit aimed at keeping ties between the world’s largest economies on track. How the leaders are handling AI is one of the key questions looming over the state visit, with the US president arguing for unfettered development to keep his nation’s edge. China, meanwhile, has criticized American export controls on semiconductors and other inputs that it argues constrains its companies. By contrast, China’s top leader indicated some openness to setting boundaries. On today's episode: Michael Shepard, Bloomberg News Senior Editor for Technology & Strategic Industries NATO Secretary-General Mark Rutte Dina Esfandiary, Middle East Geoeconomics Lead for Bloomberg Economics Eric Muhlheim, Mozilla CFO & Nina Trentmann, Bloomberg News CFO Briefing Editor See…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Jeffrey Cole and Harlan Lebo of USC Annenberg's Center for the Digital Future join to discuss their book Disrupters at the Gate and why transformative change often comes from unexpected outsiders. They explore how AI, digital technology, and shifting consumer behavior can upend even the world’s most dominant companies. See omnystudio.com/listener for privacy information.

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 welcomes China's Xi Jinping to Washington today for a state visit that looks more focused on pageantry than policy, with low expectations for breakthroughs on long-standing feuds. The summit will bring together a robust gathering of US corporate leaders, but no comparable delegation from China, raising questions about the prospects of even any new business. One area Trump and Xi may find common ground is AI safety. While Silicon Valley debates the possibility of the technology wiping out humanity, Washington and Beijing have signaled no intention to slow down development. Meanwhile, energy risks and related inflationary impacts tied to conflict in the Middle East continue to weigh on global economies. On today's episode: Heidi Crebo-Rediker, Senior Fellow for Geoeconomics at the Council on Foreign Relations Spanish Prime Minister Pedro Sanchez Kyle Stock,…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Anthony Scaramucci, Founder & Managing Partner at Skybridge Capital & former White House Communications Director, discusses his new book All the Wrong Moves, which argues that major bipartisan policy decisions on China trade, the Iraq War and the 2008 financial crisis helped create the economic and political conditions behind Donald Trump’s rise to power. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF President Trump said US officials had a “very good” meeting with Iranian representatives, a rare direct encounter that offers a fresh opportunity to restart talks to end the nearly seven-month war. Trump didn’t provide details on who participated in the meeting, but referred to his special envoys Steve Witkoff and Jared Kushner, who sat alongside the president. The US administration has signaled a renewed effort to end the war in the Middle East, with Trump claiming the conflict will end just after the November US midterm elections, if not before. Earlier on Tuesday in his UN address, Trump threatened to “annihilate” Iran if its officials don’t strike a deal. Meantime, President Trump dismissed calls for an international agreement to put guardrails around the development of artificial intelligence, brushing off concerns about the dangers of frontier models going rogue. On today's…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF CNN, MS Now and Politico filed a lawsuit seeking to allow their journalists to enter the White House grounds days after President Donald Trump revoked their access, turning to the courts in their fight over constitutional protections for the press. The news outlets claim the ban is a “direct assault” on the First Amendment and “a blatant violation of our most fundamental constitutional principles,” according to the complaint filed Monday in federal court in Washington. For more, hosts Carol Massar and Tim Stenovec speak with Tim O’Brien, Senior Executive Editor for Bloomberg Opinion. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Oil fell below $100, heading for its longest run of declines since June, as robust flows through the Strait of Hormuz and diplomacy around the US-Iran war tamed a recent rally. Satellite data showed that Saudi Arabia’s observed oil loadings from inside the Persian Gulf jumped over the weekend, with the highest number of ships seen at the nation’s main Persian Gulf port since June. Meanwhile, US President Donald Trump told Fox News he would “probably” be open to meeting his Iranian counterpart, Masoud Pezeshkian, on the sidelines of the UN General Assembly in New York this week. Trump will also hold a summit with Chinese President Xi Jinping, and may meet leaders of Persian Gulf nations. Iran’s Islamic Revolutionary Guard Corps, for its part, said it has prepared itself for a protracted war, state media reported. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Billionaires are difficult to ignore these days — flying into space, funding election campaigns, promoting AI, warning about AI and generally making a racket on social media. One billionaire sits in the Oval Office, while others control the world’s large language models and internet algorithms, including the choice of just how addictive our devices should be. A new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There, tries to uncover much more about this somewhat hidden slice of America’s upper crust. Sifting through the available evidence, economists Owen Zidar and Eric Zwick argue we’re getting distracted by the loudest and richest billionaires and missing the much more numerous “Main Street millionaires” who are the real sources of wealth and power in America. We speak with the book's authors Owen Zidar, Professor of Economics and Public…

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.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude next month under long-term agreements after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said. European customers normally receive Saudi Arabian crude on so-called term contracts, ensuring a steady flow of supply every month. Those deliveries will not take place next month, the people said, asking not to be identified because the information isn’t public. The decision applies to all European buyers, they said.Saudi Aramco declined to comment. The absence of Saudi flows next month will heighten the need for European buyers to secure replacements. On today's episode: Rob Barnett, Bloomberg Intelligence Senior Energy Analyst Eric Martin, Bloomberg News State Department & Foreign Policy Reporter Randi Weingarten, American Federation of…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF The University of Kansas's David Booth Kansas Memorial Stadium is undergoing an $800 million renovation that includes luxury seats and amenities, showing how the new financial model in college sports resembles that of professional teams. Colleges are looking for new revenue sources, such as fancier facilities that can command higher ticket prices and host concerts and other events, to help pay for expenses like player compensation and coach salaries. Meantime, a bipartisan bill called the Protect College Sports Act aims to regulate the changing landscape of college sports by putting guardrails around name, image, and likeness deals and allowing schools to spend more on player retention, with the legislation likely to pass the Senate. For more, guest hosts Alexis Christoforous and Lisa Mateo speak with Janet Lorin, Bloomberg News Higher Education Reporter. See…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF OpenAI shared several undisclosed incidents of its AI models misbehaving and unveiled a new framework for tracking and disclosing such occurrences going forward. Some of the previously unreported instances included OpenAI’s technologies concealing and fabricating information in order to return results, the company said in a blog post Wednesday. The ChatGPT maker has faced increased scrutiny since saying in July that some of its most advanced AI models had breached the systems of an external software company, Hugging Face. None of the newly disclosed misalignment incidents involved a hack or breach of a third party, OpenAI said in a separate statement. In the report, OpenAI detailed various instances of its artificial intelligence models misbehaving in order to complete a task or succeed at an evaluation. Some examples included the models fabricating missing data, attempting to…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Joe Magazine, Partner at Fortuna Investments & Miami Beach City Commissioner, examines how macroeconomic forces and government policy are influencing investment decisions in sectors including space, robotics, nuclear energy, critical metals and data centers. He also discusses the growth of Miami as a financial hub and how Fortuna seeks out opportunity in unconventional spaces. Magazine speaks with hosts Carol Massar and Tim Stenovec from the sidelines of the Future Proof Festival in Huntington Beach, California. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump. Following the US central bank’s first rate increase since July 2023, Warsh restated his concerns over inflation, saying too many categories of products and services were showing annualized price gains above 3% on a 6- and 12-month basis. On today's episode, Carol Massar and Tim Stenovec come to you live from Future Proof in Huntington, California: Michael McKee, Bloomberg News International Economics & Policy Correspondent Stephanie Aliaga, Global Market Strategist at JPMorgan Asset Management Manju Boraiah, Head of Systematic Fixed Income & Custom SMA Portfolio Management at Allspring Global Investments Tracy Alloway and Joe Weisenthal,…

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 show, Carol Massar and Tim Stenovec speak with Doug and Heather Boneparth of Bone Fide Wealth. Authors of the book, 'Money Together', the married couple focus on helping couples better understand their finances and the relationship between relationships and wealth management. They speak with them live in Huntington Beach, California during Future Proof. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Wall Street traders refrained from making riskier bets in the countdown to the Federal Reserve decision, with stocks falling as elevated oil prices drove bond yields to multi-year highs. Almost 350 firms in the S&P 500 dropped. Benchmark 10-year yields hit the highest level in nearly two decades. Longer-dated Treasuries extended losses after a weak $13 billion sale of 20-year bonds. Brent crude settled above $108, fueling inflation worries. Bitcoin tumbled as the US Senate blocked a landmark crypto bill in an industry loss. On this special edition of the show, Carol Massar and Tim Stenovec host live from Huntington Beach, California from the Future Proof Festival. Today's show features: Tony Davidow, Senior Private Market Strategist, Franklin Templeton Institute Jan van Eck, VanEck Funds CEO Jaime Magyera, Senior Managing Director, Head of U.S. Wealth and Head of Retirement,…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Guest hosts Alexis Christoforous and Jess Mention speak with Shanta Thake. She's Ehrenkranz Chief Artistic Officer at Lincoln Center and joins to discuss the institution's ongoing commitment to making world-class performance more accessible through special programs and more. She also discusses some highlights from the upcoming seasons at the Lincoln Center, including the fifth annual 'Festival of Firsts' in October which spotlights artists exploring new territory. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF AI developers including Anthropic and OpenAI are clashing with the Trump administration over their calls for an industrywide slowdown in artificial intelligence development, a proposal that’s already triggered a selloff across technology stocks and has brought into question the resilience of a global data center boom. Bloomberg Economics uses a state-of-the-art approach to estimate exposure to AI across major economies, and expertise from the US and UK to Mainland China, South Korea, Taiwan and beyond to assess the current impact and future outlook. On today's episode: Tom Orlik, Bloomberg Economics Chief Economist Mike Shepard, Bloomberg News Senior Editor of Technology & Strategic Industries Brian Moynihan, Bank of America CEO with Bloomberg Deals Host, Dani Burger John Tozzi, Bloomberg News Health Care Reporter See omnystudio.com/listener for privacy information.

Prediction Market platform Kalshi is launching the 'first-of-its-kind' perpetual futures, fully regulated by the CFTC. Kalshi Chief Risk Officer Udesh Jha discusses how the company is hoping to expand past gold & silver eventually, to seek approval for regulated perpetual futures tied to single stocks. See omnystudio.com/listener for privacy information.

Be it the influence of AI or the rise of unicorns, startups face an evolving growth landscape. This raises some crucial questions for founders: What does scale look like, how can it be achieved and where in the world is the best place to do it? Hear from a leading VC firm and an enterprising startup about the shifting growth expectations facing founders, and the business ecosystems that facilitate success. This episode is sponsored by the Dubai Department of Economy and Tourism. See omnystudio.com/listener for privacy information.