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Wikipedia's Quest for a Trustworthy Internet Oct 28, 2025

Show notes

Long before it became the biggest collection of knowledge in the history of the world, Wikipedia had to overcome its greatest challenge: getting strangers on the Internet to trust each other. They had to trust that others would not be abusive or uncivil, that others would not unfairly change or erase their contributions, and that people had good intentions.

Jimmy Wales, the internet entrepreneur who founded Wikipedia, details the global experiment in sharing knowledge and expertise online that has become part of the fabric of our modern, connected life. It's all laid out in his new book, "The Seven Rules of Trust: A Blueprint for Building Things That Last." Jimmy speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Amazon Plans to Cut Corporate Jobs Across Core Departments Oct 27, 2025

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

Amazon.com Inc. plans to cut corporate jobs in several key departments, including logistics, payments, video games and the cloud-computing unit, according to people familiar with the matter.

The terminations, expected as soon as Tuesday, could affect as many as 30,000 jobs, Reuters reported on Monday, citing sources.

Cuts on that scale would be the largest since rolling reductions in late 2022 and early 2023 that ultimately totaled more than 27,000 corporate employees, as Chief Executive Officer Andy Jassy looked to cut costs after expanding rapidly during the pandemic. Since then, there has been a steady drip of more modest layoffs targeting individual teams. An Amazon spokesperson declined to comment.

Jassy in June signaled that Amazon’s workforce would likely get smaller as the company increases its use of artificial intelligence to complete tasks normally handled by people. The comment touched off panic among workers, who trawled anonymous online chat rooms for insights about potential job cuts that often leak piecemeal, making it difficult to assess their full size and scope.

Today's show features:
Bloomberg News Big Tech Team Leader Sarah Frier on Amazon's expected layoffs and Qualcomm’s new semiconductors aimed at competing with Nvidia
Jan van Eck, Chief Executive Officer of VanEck Funds, on the market outlook heading into mega-cap tech earnings
Sarah Hunt, Chief Market Strategist, Alpine Saxon Woods, on the Monday trade and market outlook
Bloomberg News Boston Bureau Chief Brooke Sutherland and Bloomberg News Senior Economic Writer Shawn Donnan on their Businessweek feature: AI Data Center Boom Threatens Trump’s Manufacturing Revival

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Montage International Eyes Bigger Slice of Luxury Travel Market Oct 27, 2025

Show notes

Montage International is a collection of luxury vacation properties consisting of 15 hotels and resorts with another 14 more currently in development. As an asset manager and operator, Montage's strategy includes long-term partnerships with owners, real estate partners, developers, investors and associates. Montage Hotels and Resorts is the only Forbes five star rated hotel brand.
Alan Fuerstman, the company's Founder, Chairman and CEO, discusses the state of the high-end leisure and travel market and how White House policies impact the company's access to workers in key markets. Alan speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Bloomberg Businessweek Weekend - October 24th, 2025 Oct 24, 2025

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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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Ontario to Pause Anti-Tariff Ad Campaign After Trump’s Ire Oct 24, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
The Ontario government plans to stop running the anti-tariff advertisement that irked President Donald Trump after airing it during broadcasts of baseball’s World Series. The government-funded ad, which featured excerpts of late US President Ronald Reagan criticizing tariffs, will stop appearing after Friday and Saturday’s games, following Trump’s criticism of it, Ontario Premier Doug Ford said in a post on the social media network X.
“Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses,” Ford wrote. “We’ve achieved our goal, having reached US audiences at the highest levels.”
Ford said that, following a conversation with Prime Minister Mark Carney, he’d pause the ad starting Monday “so that trade talks can resume.” The White House didn’t immediately respond to a request for comment.
Trump posted angrily about the television commercial, which played in some Republican-held regions of the US, saying Reagan’s comments were fraudulently used and that he would halt trade talks because of it.
Today's show features:

Bloomberg News Ottawa Bureau Chief Laura Dhillon Kane on rising trade tensions between the United States and Canada
Katy Kaminski, Chief Research Strategist and Portfolio Manager with AlphaSimplex Group and Drew Matus, Chief Market Strategist at MetLife Investment Management, with Bloomberg Television and Radio International Economics & Policy Correspondent Mike McKee on Friday’s inflation report amid the ongoing government shutdown
Amy Rubenstein, CEO of Clear Investment Group, on the distressed real estate market

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Genomics Creative Predictive Power in the Medical Field Oct 24, 2025

Show notes

The Division of Genetics and Genomics at Boston Children’s Hospital provides comprehensive clinical care including diagnostics, genetic counseling, and individualized management in concert with other specialties for people of all ages. As one of the largest pediatric genetics practices in the country, this key division of BCH has experience with both common conditions and very rare conditions affecting just a few hundred children in the world.
Dr. Wendy Chung, Chief of Pediatrics at Boston Children's Hospital as well as Harvard Medical School's Mary Ellen Avery Professor of Pediatrics, explains how her team finds answers for some of the most complex and hard-to-diagnose genetic conditions, sometimes applying new technologies through our research labs when existing genetic tests are negative or inconclusive. Dr. Chung speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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FBI Arrests NBA Players, Coaches in Sports Gambling Probes Oct 24, 2025

Show notes

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Basketball player Terry Rozier told a friend in 2023 that he planned to take himself out of a game early with a minor injury. The friend, Deniro Laster, used the tip to place more than $200,000 in bets predicting Rozier would fall short of his usual point total.
By the next morning, prosecutors say, the two men were counting their winnings together in Rozier’s home. The Charlotte Hornets guard at the time played just nine minutes against the New Orleans Pelicans and checked out.That incident, described in a federal indictment unsealed on Thursday in Brooklyn, now sits at the center of one of the most sweeping sports gambling cases ever brought by the US Justice Department — one that stretches from locker rooms to underground poker clubs controlled by New York’s biggest mafia families.
Rozier, now with the Miami Heat, and Portland Trail Blazers head coach Chauncey Billups were arrested Thursday morning and charged as part of two separate criminal schemes related to illegal sports betting, federal prosecutors said.
Soon after the arrests, Rozier and Billups were placed on immediate leave from their teams.FBI Director Kash Patel and Brooklyn federal prosecutors said at least 30 people were arrested across 11 states, including current and former National Basketball Association players and coaches.
Today's show features:

Bloomberg News Senior Reporter Myles Miller and Global Business of Sports Reporter Ira Boudwayon the FBI’s sprawling sports gambling probe involving current and former NBA players and coaches
Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on whether the equities market can sustain recent gains
Bloomberg Businessweek Senior Reporter Max Chafkin on Elon Musk continuing his $1 trillion pay package push
Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, breaks down Intel’s latest earnings report

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Staying Bullish on Commercial Real Estate Oct 23, 2025

Show notes

Northwind Group is a real estate private equity firm in Manhattan that has transacted on over $5.6 billion of debt and equity investments in residential, commercial, senior living & healthcare properties. The company says it invests on its own balance sheet through discretionary closed-ended managed funds, focused on generating strong risk-adjusted returns while maintaining rigorous investment criteria.
Ran Eliasaf founded Northwind Group in 2008 and oversees all company investment activities as the company's Managing Director. He examines how the ongoing government shutdown is impacting movement in commercial real estate and explains why he believes 2025 will be a record year for private lenders with Carol Massar and David Gura on Bloomberg Businessweek Daily.

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Tesla Earnings Miss Despite Record Third-Quarter Sales Surge Oct 22, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Tesla Inc.’s third-quarter profit fell short of Wall Street’s expectations despite record electric-vehicle sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs.
Adjusted earnings were 50 cents per share in the period, the company said Wednesday in a statement. Analysts had expected 54 cents on average in estimates compiled by Bloomberg. Revenue was $28.1 billion, outpacing expectations.
The company reiterated language from the previous quarter that it’s “difficult to measure” how shifting global trade and fiscal policies would impact its businesses and operations. Tesla sees results hinging on the broader economic environment as well as its speed in accelerating autonomy efforts and ramping up production for key products.
Tesla warned it still faces “near-term uncertainty from shifting trade, tariff and fiscal policy,” but it’s investing in future business lines, including robotics. Analysts surveyed by Bloomberg expect Tesla to report a second year in a row of declining vehicle deliveries.
Today's show features:

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, and Bloomberg Tech Co-Host Ed Ludlow on Tesla’s earnings and outlook
Tye Brady, Chief Technologist, Robotics at Amazon on the company’s “Delivering the Future” event and the evolution of AI with Amazon warehouses
Mayor Tim Kelly (I – Chattanooga, TN) and Janet Rehberg, EPB's President and CEO-Elect, on Chattanooga's quantum economy

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Faribault Mill's Commitment to American Manufacturing Oct 22, 2025

Show notes

Founded in 1865, Faribault Mill produces handcrafted blankets, decorative throws, apparel, and accessories. From providing woolen blankets for pioneers heading west and comforting US troops through two world wars, to contemporary products, the company's products are all made in the United States.
Ross Widmoyer, the company's president and CEO, discusses his firm's rich history and the value proposition of a product line that's free from tariffs and other geopolitical impediments. Ross speaks with Carol Massar and Isabelle Lee on Bloomberg Businessweek Daily.

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