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‘MAGA Is Split': Trump Digs In on Iran War, Divides Loyalists Mar 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.
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 Mar 07, 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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Oracle and OpenAI End Plans to Expand Flagship Data Center Mar 06, 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.

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 Mar 06, 2026

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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 Mar 06, 2026

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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 Mar 05, 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’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 Mar 05, 2026

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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 Mar 04, 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.

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 Mar 04, 2026

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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 Mar 03, 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.

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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