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Warsh Vows to Deliver Price Stability, Fed ‘Regime Change’ Jul 14, 2026

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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 Jul 14, 2026

Show notes

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 Jul 13, 2026

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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 Jul 13, 2026

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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 Jul 10, 2026

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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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SK Chairman Has 'Much, Much Bigger' US Investment Plan Jul 10, 2026

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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 Jul 10, 2026

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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 Jul 09, 2026

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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 Jul 09, 2026

Show notes

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 Jul 08, 2026

Show notes

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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