Bloomberg Businessweek podcast

9:37

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. See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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Trump Says China Will Ship Rare Earths in ‘Done’ Trade Deal 38:51

17 hours тому38:51

38:51

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 See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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ICYMI: Axon Sees an A-I Future 9:23

1 day тому9:23

9:23

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. See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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US, Mexico Near Deal to Cut Steel Duties and Cap Imports 39:51

1 day тому39:51

39:51

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 See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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ICYMI: Trump Says China ‘Not Easy’ Amid Trade Talks 7:03

2 дні тому7:03

7:03

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. See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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Pentagon Sending 700 Marines to Counter Los Angeles Protests 39:06

3 дні тому39:06

39:06

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 See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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US, Chinese Teams to Meet in London, Abrego Garcia Charged 41:33

6 днів тому41:33

41:33

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 See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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Bloomberg Businessweek Weekend - June 6th, 2025 1:17:32

6 днів тому1:17:32

1:17:32

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.…

Bloomberg Businessweek

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ICYMI: AI Driving Next-Gen Drones 13:35

6 днів тому13:35

13:35

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. See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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Trump Targets Musk’s US Contracts, Subsidies as Feud Grows 37:51

7 днів тому37:51

37:51

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 See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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ICYMI: New Milestone for 116-Year-Old Ice Cream Icon 8:09

7 днів тому8:09

8:09

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. See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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Trump Officials Target Columbia Accreditation Over Protests 42:20

8 днів тому42:20

42:20

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 See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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ICYMI: How Tariffs Impact Global Payments 8:01

8 днів тому8:01

8:01

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. See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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Wells Fargo Asset Cap Lifted by Fed, Paving Way for Growth 44:43

9 днів тому44:43

44:43

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 See omnystudio.com/listener for privacy information.…

Bloomberg Businessweek

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ICYMI: Uncertainty at NASA After Trump Pulls Musk Ally's Nomination 11:32

9 днів тому11:32