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Major Storm to Test Power Grids Across Much of US This Weekend Jan 23, 2026

Show notes

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 Jan 23, 2026

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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 Jan 22, 2026

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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 Jan 22, 2026

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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 Jan 21, 2026

Show notes

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
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 Jan 20, 2026

Show notes

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
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 Jan 20, 2026

Show notes

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 Jan 19, 2026

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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 Jan 17, 2026

Show notes

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 Wants Tech Giants to Pay for Power. They’d Love To. Jan 16, 2026

Show notes

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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