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Judge Blocks Federal Firings During Government Shutdown for Now Oct 15, 2025

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Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.
A US judge has ordered the Trump administration to pause plans to fire thousands of federal workers during the government shutdown while labor unions challenge the move.The ruling on Wednesday from US District Judge Susan Illston in San Francisco follows layoff notices that have gone out to more than 4,100 federal employees since last week.
The order isn’t a final decision on the merits of the case. It means that more than two dozen federal agencies named in the case cannot send out new layoff notices if they involve programs that include labor union members that sued. The decision means the government must halt action on notices that already went out while the judge weighs whether to impose a longer-term block.
Today's show features:

Laura Davison, Bloomberg Washington Deputy Bureau Chief, on Judge Blocks Federal Firings During Government Shutdown for Now
Dan Letter, President and incoming CEO of Prologis, on earnings and the industrial real estate market
Mizuho Senior Consumer Analyst David Bellinger on Walmart on Path to Trillion Dollar Status After OpenAI Alliance
Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee and Bloomberg News Economics Editor Molly Smith on Beige Book and latest Eco Data

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Why Women's Wealth Is Poised to Surge Oct 15, 2025

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Women currently control about one-third of the world's wealth and that figure is expected to rise to 50% by the end of the decade, according to research data from BlackRock. Women are also playing an increasingly large role in driving and engaging with the capital markets, and these statistics could indicate a coming structural shift for the financial services industry.
Jaime Magyera, the Head of BlackRock’s US Wealth Advisory business and Head of BlackRock’s Retirement business, discusses investing trends among high net-worth clients and why women will soon be the nation's key market drivers. Jaime speaks with Carol Massar and Isabelle Lee on Bloomberg Businessweek Daily.

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Dimon’s ‘Cockroach’ Fear Revives Threat of Growing Credit Cracks Oct 14, 2025

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Investors spooked by the implosion of auto lender Tricolor Holdings and car-parts supplier First Brands Group got little reassurance Tuesday from the head of the biggest US bank.
“My antenna goes up when things like that happen,” Jamie Dimon, JPMorgan Chase & Co.’s chief executive officer, said on a call with analysts. “I probably shouldn’t say this, but when you see one cockroach, there are probably more. Everyone should be forewarned on this one.”
The pair of bankruptcies were a shock for the credit markets, where companies have been borrowing at a record pace while handing investors outsized returns. And Dimon, fresh off posting results that put his bank on track for another record year, said there could be more pain than usual when the economy takes a turn for the worse. In drawing attention to investors’ growing disillusionment with public vehicles that hold private-debt investments, Dimon touched on a niche corner of the market where investors are on the lookout for signs of widening cracks in debt markets.
Investors have been fleeing BDCs, seen as a proxy for the $1.7 trillion private-credit market, as they cut distributions available to shareholders. That has opened a widening gap between the broader equity market and private-credit BDC stocks. Last month, the $75 billion non-traded Blackstone Private Credit Fund, the largest in the industry, said it was reducing its shareholder payouts.
Today's show features:

Bloomberg News Chief Wall Street Correspondent Sridhar Natarajan and Bloomberg Intelligence Senior Analyst for Global Investment Banks & Asset Managers Alison Williams on quarterly bank earnings from JPMorgan, Goldman Sachs, Citigroup and Wells Fargo
Bloomberg News US Semiconductor Reporter Ian King on Oracle’s deal to deploy a large batch of AMD’s forthcoming MI450 chips next year
Cathy Seifert, Vice President of CFRA Research, on BlackRock’s quarterly earnings and outlook
Bloomberg News Global Economy Reporter Enda Curran US China on global trade shifts brought on by tariffs

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Lumen Overhauls Debt Load With Eye on Growth Oct 14, 2025

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Lumen Technologies last month announced the successful completion of a repricing transaction of Level 3 Financing, Inc.’s (“Level 3”) $2.4 billion credit facilities at Term SOFR + 3.25%. The new pricing represents a reduction of 100 basis points, resulting in $24 million in annual interest expense savings. Additionally, in connection with the refinancing transaction certain other modifications were made to the covenants in the Credit Agreement to provide additional flexibility to Level 3.
Chris Stansbury, Lumen's CFO, discusses the company's debt restructuring and path toward for growth, the sale of its residential-fiber unit to AT&T, and the current state of the telecom space. Chris speaks with Tim Stenovec, Emily Graffeo and Nina Trentmann on Bloomberg Businessweek Daily.

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Trump Urges World Leaders to Seize Momentum for Gaza Peace Oct 13, 2025

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President Donald Trump pressed world leaders gathered at a summit on Gaza’s future to ensure the US-led truce between Israel and Hamas turns into a lasting peace, hailing the agreement as a “new beginning” for the war-torn region.
“Today, for the first time anyone can remember, we have a once-in-a-lifetime chance to put the old feuds and bitter hatreds behind us,” Trump said in the Egyptian resort town of Sharm El-Sheikh.” “Together we’re going to forge a magnificent, great and enduring peace.”
Trump’s whirlwind trip, which also included a stop in Israel, heightened optimism for ending the two-year-long war between Israel and Hamas.
“Together, we’ve achieved what everybody said was impossible. At long last we have peace in the Middle East,” Trump said. “Now the rebuilding begins.”
Yet the nascent ceasefire remains fragile, with many key details left to be worked out. Trump said food and aid has begun to flow into Gaza, which has been devastated by the conflict. “Numerous countries of great wealth” have pledged reconstruction funds, Trump added, though he did not name them.
Today's show features:

Mona Yacoubian, Director and Senior Adviser, Middle East Program at the Center for Strategic and International Studies, on President Donald Trump’s Middle East visit and the fragile Gaza ceasefire
Daniel Florness, CEO of Fastenal on earnings and the state of US manufacturing
Harmit Singh, Chief Financial and Growth Officer and Levi Strauss & Co, on the retailer’s latest quarterly earnings and the impact of tariffs

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Billionaire Caruso Looks to Spur California's Comeback From Wildfires Oct 13, 2025

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Rick Caruso has amassed a $5.8 billion fortune building open-air malls known for their relentlessly cheerful, Disneyfied aesthetic, with dancing fountains and sightseeing trolleys. He moonlighted in local California politics, emerging as a civic fixer for a series of mayors who turned to him when they had a difficult or distasteful task they needed done. Caruso vied for office himself in 2022, spending $107 million of his personal fortune on a run for LA mayor, casting himself as a centrist Democrat who had a businessman’s knack for problem-solving. He lost soundly and seemed to recede from view, a mogul without a public cause to champion.
The wildfires that ripped through parts Southern California in January have since thrust Caruso back into the spotlight, with the business mogul blaming the area's response to the fires on local leaders, including Los Angeles Mayor Karen Bass, the progressive who beat him in the 2022 election.
Caruso discusses his state's path to economic recovery as well as whether he plans to once again seek political office with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily, which was broadcasting live from Bloomberg Screentime in LA.

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Bloomberg Businessweek Weekend - October 11th, 2025 Oct 11, 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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Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi Oct 10, 2025

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US President Donald Trump threatened a “massive increase” of tariffs on goods from China and to cancel an upcoming meeting with the country’s leader, Xi Jinping, citing recent “hostile” export controls Beijing placed on rare-earth minerals.
“I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump posted Friday on social media.
The president added that one form of retaliation the US is considering “is a massive increase of Tariffs on Chinese products coming into the United States of America,” adding that “there are many other countermeasures that are, likewise, under serious consideration.”
Markets recoiled at the president’s comments, which portended fresh trade tensions between the world’s two largest economies. The S&P 500 and the Nasdaq 100 both plummeted, with the latter seeing its biggest drop since April 30. Chicago soybean futures also fell, hitting session lows after the post.
Today's show features:

Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on President Donald Trump’s reversal on a planned meeting with China’s Xi Jinping
Jayati Bharadwaj, Director of FX Strategy at TD Securities, on the global currency market
Dana Stroul, Senior Fellow and Director of Research at the Washington Institute for Near East Policy on the Israel-Hamas ceasefire deal and President Donald Trump’s planned visit to the Middle East next week
Bloomberg Intelligence Global Equity Strategist Gillian Wolff on Friday's market selloff

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The Search for Digital Wellness in the Screentime Era Oct 10, 2025

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The Digital Wellness Lab at Boston Children’s Hospital conducts rigorous, multi-method research to understand how interactive media impacts the mental, social, and emotional health of children and teens. When it comes to the tech and media industry, the Lab aims to embed what it's learning into the decisions leaders are making every day about product, policy, and user supports to ensure young people’s social, emotional, and mental wellbeing and overall health are at the forefront.

Dr. Keneisha Sinclair-McBride, Associate Chief of Integrated Behavioral Health at Boston Children's Hospital and Assistant Professor of Psychology at Harvard Medical School, discusses the impact of social media on adolescent minds with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Trump, Billionaire Isaacman Said to Meet About Top NASA Job Oct 10, 2025

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Jared Isaacman and President Donald Trump have met in recent weeks and discussed reviving the fintech billionaire’s nomination to lead NASA, according to a person familiar with the matter.
A decision to reconsider the Elon Musk ally would mark a major reversal for Trump after the White House revoked the job offer in May citing Isaacman’s ties to Democratic politicians. That left NASA without a long-term leader as the space agency grapples with funding and job cuts and races to bring astronauts back to the moon.
Trump has met with Isaacman, a SpaceX astronaut and executive chairman of Shift4 Payments Inc. in person more than once in recent weeks to discuss his vision for leading the space agency, the person said, speaking on condition of anonymity because the matter is confidential.
The person cautioned that Trump hasn’t made a final decision and could go in a different direction. The role of NASA administrator also requires confirmation by the US Senate.
Today's show features:

Bloomberg Tech Co-Host Ed Ludlow on reports that Jared Isaacman and President Donald Trump have met to discuss reviving Isaacman's nomination to lead NASA
Samira Bakhtiar, General Manager of Media & Entertainment, Games & Sports Industry at AWS, on the impact of AI in Entertainment
Laura Martin, Senior Entertainment & Internet Analyst, Needham & Co., on the prospects for consolidation in the media and entertainment business
Edward Hamati, Chief Investment Officer of The Steward Trust and President of Polarity, on investment trends in the media and entertainment business

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