Bloomberg Businessweek

Copyright: 2024 iHeartMedia, Inc. © Any use of this intellectual property for text and data mining or computational analysis including as training material for artificial intelligence systems is strictly prohibited without express written consent from iHeartMedia

Latest Episodes:

Meme Stock Fever Is Spreading Like It’s 2021 With Kohl's Soaring Jul 22, 2025

Show notes

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Stocks are at all-time highs. Chatter on WallStreetBets is surging. Retail traders are flooding into low-priced shares.
It’s not 2021, and the shares of the moment aren’t GameStop Corp., AMC Entertainment Holdings Inc. or the now-bankrupt Bed Bath & Beyond. In 2025’s meme stock mania, the companies du jour are Opendoor Technologies Inc. and Kohl’s Corp.
The similarities are clear: Like the episode four years ago, which famously led Gabe Plotkin to shutter his hedge fund Melvin Capital Management, amateur traders are piling into heavily shorted companies with low share prices in a bid to strike quick riches. And, as was the case back then, it comes at a time of broad market euphoria: the S&P 500 is at an all-time high, Bitcoin has doubled in less than year and blank-check companies are all the rage again.
Today's show features:

Eric Jackson, Founder and President of EMJ Capital, on the latest rally in so-called “meme stocks” specifically Opendoor Technologies
Bloomberg Businessweek Senior Reporter Max Chafkin on SpaceX warning investors that Elon Musk could return to US politics
Monica Guerra, Executive Director and Head of US Policy for Morgan Stanley Wealth Management on the impact of tariffs on the economy and markets amid US dollar weakness
Leo Kelly, CEO of Verdence Capital Advisors, on markets and the Federal Reserve’s path forward

See omnystudio.com/listener for privacy information.

ICYMI: Ireland's International Reach Jul 22, 2025

Show notes

US President Donald Trump has threatened to impose 30% tariffs on European Union goods. Brussels says it still wants to negotiate, but it is also reportedly preparing a plan in case of no deal. Could the EU mount a meaningful response? Yes, by targeting US services, where America runs a trade surplus.
The challenge: getting key EU member states to overcome fears of provoking a broader escalation.
Darragh O’Brien, Minister for Transport, Climate, Energy and the Environment for the Republic of Ireland, offers his assessment of the critical trade talks, his nation's importance to the global investing landscape, and Ireland’s sustainable energy plans as its data center installations continue to proliferate. Darragh speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

See omnystudio.com/listener for privacy information.

Stock Rally Wanes, But S&P 500 Closes Above 6,300 Jul 21, 2025

Show notes

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
The start of a busy week for Corporate America saw stocks giving up most of their gains, with traders looking for signs of resilience in earnings amid tariff risks. Treasury yields fell alongside the dollar.
While the S&P 500 closed above 6,300 for the first time, the equity benchmark rose just 0.1%. Energy shares joined a decline in oil amid lingering worries about crude demand. A gauge of the “Magnificent Seven” megacaps outperformed, with Tesla Inc. and Google parent Alphabet Inc. due to report results this week. The stakes will again be high as traders look for updates on artificial-intelligence spending. Nvidia Corp. fell.
Gains in Treasuries were led by longer maturities, with the 30-year yield slipping four basis points to 4.95%. The greenback dropped against all of its developed-world peers. The yen climbed as Japan’s Prime Minister Shigeru Ishiba said he would carry on as leader even as the ruling coalition lost its majority in the upper house election.
Investors will also keep a close eye on tariff headlines. President Donald Trump may issue more unilateral tariff letters before Aug. 1, White House Press Secretary Karoline Leavitt said. More trade deals may also be reached before the deadline, she added.
Today's show features:

Alan Zafran, Co-Founder and Managing Partner of IEQ Capital on return of the bull market
Bloomberg Businessweek Senior Reporter Max Chafkin on his Bloomberg Big Take, co-written with Ed Ludlow: Elon Musk’s Empire Is Creaking Under the Strain of His Antics
Dr. Rebecca Homkes, Lecturer at the London Business School on business planning amid geopolitical uncertainty
Bloomberg News Telecom Reporter Kelcee Griffis on Verizon’s earnings beat and boosted profit outlook

See omnystudio.com/listener for privacy information.

ICYMI: Huntington Banking on Texas Jul 21, 2025

Show notes

It was big week for Huntington Bancshares, which agreed to buy Veritex Holdings for $1.9 billion in stock, expanding its presence in Dallas, Fort Worth and Houston. The acquisition is aimed at accelerating Huntington's organic growth initiatives in high-growth Texas markets. Meanwhile the Ohio-based lender also reported strong quarterly earnings, reflecting growth in loans and deposits, sustained strong revenue and profit growth, as well as continued excellent credit performance
Zach Wasserman, CFO of Huntington Bancshares, explains why Texas is so important to his the company's broader strategy, and also addresses what uncertainty over Federal Reserve policy and leadership mean for the financial sector. Zach speaks with Tim Stenovec, Sonali Basak and Nina Trentmann on Bloomberg Businessweek Daily.

See omnystudio.com/listener for privacy information.

Bloomberg Businessweek Weekend - July 18th, 2025 Jul 18, 2025

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

See omnystudio.com/listener for privacy information.

Trump Signs Stablecoin Bill, Delivering Win for Crypto Industry Jul 18, 2025

Show notes

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” and delivering a major victory for the digital asset industry.
“The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins,” Trump said Friday at a White House ceremony. “This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.”
The measure sets regulatory rules for US dollar-backed stablecoins, including a requirement for firms to hold dollar-for-dollar reserves in short-term government debt or similar products overseen by state or federal regulators. Advocates see it as allowing for the broader adoption of digital assets in finance. Senior Treasury officials who briefed reporters on the bill earlier Friday on condition of anonymity said it would provide more certainty to stablecoin issuers, allow for innovation in and adoption of digital assets and help extend the dominance of the US dollar. They said it would provide issuers with strict requirements for backing stablecoins with cash or short-term Treasury debt.
Today's show features:

Frank Speiser, CEO of Metafide on “Crypto Week” and the US Congress passing the first federal legislation to regulate stablecoins
Katie Hubbard, EVP of Capital Markets for Walton Global on housing data and the US real estate market
Bloomberg News White House Editor Jordan Fabian with the latest from the White House including and President Trump seeking the release of grand jury testimony from the prosecution of Jeffrey Epstein
Gerard Cassidy, Head of US Bank Equity Strategy and Large Cap Bank Analyst at RBC Capital Markets with a recap of this week’s financial sector earnings

See omnystudio.com/listener for privacy information.

ICYMI: Tiffany Angers Rich Clients Who Wanted to Buy a Rare Patek Watch Jul 18, 2025

Show notes

A few years ago, Tiffany & Co. began offering a limited edition Patek Philippe Nautilus 5711 with a dial in the jeweler’s signature robin’s-egg blue. Patek crafted 170 of them, a tribute to the number of years the brands had worked together. Tiffany’s hope was that the buzzy timepiece would help attract – and retain – high-end shoppers who weren’t already regular customers.
Yet the Blue Dial — as it became known — was never for sale in the traditional sense. Demand was so high that Tiffany executives, including Americas head Christopher Kilaniotis, realized clients would be willing to spend millions of dollars on other jewelry for the chance to buy the coveted watch, which was priced at $52,635.
Bloomberg News consumer reporter Jeannette Neumann details the fallout after salespeople at the iconic jeweler were reportedly instructed to guide wealthier patrons toward spending $2 million to $3 million with no guarantee of access to the coveted timepiece. Jeannette speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily.

See omnystudio.com/listener for privacy information.

Netflix Tops Wall Street’s Lofty Expectations, Raises Forecast Jul 17, 2025

Show notes

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.
While rival media companies are unloading assets and cutting costs, Netflix Inc. continues to thrive.
The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins.
The second quarter is historically slow for Netflix, which typically adds more customers at the beginning and end of the year. But the company released a steady slate of popular shows, including two of the most-watched titles of the year — the third season of Ginny & Georgia and the final season of Squid Game. The company also benefited from a weaker dollar. More than two-thirds of its customers live outside the US.
Shares of Netflix have nearly doubled over the past year and the company’s market value tops $500 billion. That makes Netflix worth more than Walt Disney Co., Comcast Corp. and Warner Bros. Discovery Inc. combined.
While investors used to judge Netflix by the number of subscribers it added in any given quarter, the company has stopped disclosing how many customers pay for its service, directing them to focus on more traditional metrics such as sales and profit.
Netflix expects to generate up to $45.2 billion in sales this year and says its operating margin is now forecast to hit 29.5%. Net income is on track to exceed $10 billion for the first time, thanks to exchange rates that will boost sales and a strong slate of programs. The second-half schedule includes new seasons of the hit shows Stranger Things and Wednesday, as well as movies such as Happy Gilmore 2.
Today's show features:

Mark Douglas, CEO of MNTN on Netflix earnings and the streaming giant’s advertising strategy
Bloomberg News Economics Editor Molly Smith on monthly retail sales and imports data, as well as weekly jobless claims figures
Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan with a roundup of regional bank earnings out this week
John Gates, CEO, Leasing Advisory, Americas at JLL on the company's Q2 2025 “US Office Market Dynamics Report”

See omnystudio.com/listener for privacy information.

ICYMI: Flying High in the Steel City Jul 17, 2025

Show notes

Pittsburgh International Airport is in the midst of a transformation aimed at meeting the needs of the Pittsburgh region through a $1.7 billion modernization comprised of a new terminal, new parking complex and extensive improvements to existing facilities. This project has generated billions of dollars for the region as well as 14,300 jobs.
Christina Cassotis, CEO of the Allegheny County Airport Authority, which is the agency that oversees developments at Pittsburgh's main airport, discusses the region's viability as a national hub for energy production and infrastructure, and why the modernization efforts will help solidify that trend. Christina speaks with Tim Stenovec and Isabelle Lee on Bloomberg Businessweek Daily.

See omnystudio.com/listener for privacy information.

Trump Denies Plan to Ax Powell After Floating Idea to Lawmakers Jul 16, 2025

Show notes

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump denied he is seeking to remove Federal Reserve Chair Jerome Powell, after raising the idea in a closed-door meeting with congressional Republicans that leaked to the media.
“No, we’re not planning on doing anything,” Trump told reporters on Wednesday. He later added, “I don’t rule out anything, but I think it’s highly unlikely, unless he has to leave for fraud.”
A White House official, speaking on the condition of anonymity earlier Wednesday, said they expected Trump to soon move against the Fed chief after his meeting with members of Congress visiting the White House to discuss cryptocurrency legislation. Some lawmakers also left that Tuesday evening meeting with that impression, and Trump acknowledged that he had polled the participants about dismissing Powell.
The president’s remarks in the Oval Office left open the possibility of ousting Powell for cause. Trump and his allies have lambasted the Fed chair over the central bank’s decision to hold interest rates steady and the cost of the central bank’s renovations of its Washington headquarters.
Today's show features:

Lael Brainard, Distinguished Fellow at the Georgetown Psaros Center for Financial Markets and Policy and Former Vice Chair of the Federal Reserve, on President Donald Trump's continued pressure on Fed Chair Jerome Powell
Ken Leon, Director of Equity Research at CFRA on bank earnings from Goldman Sachs, Morgan Stanley and Bank of America
Simeon Hyman, Global Investment Strategist at ProShares on his firm’s mid-year outlook for markets and the economy
Dr. Gracelin Baskaran, Director, Critical Minerals Security Program and Center for Strategic and International Studies on the booming market for rare-earth materials, including Apple’s $500 million deal to buy them from MP Materials

See omnystudio.com/listener for privacy information.

Our TOPPODCAST Picks

Follow Us

Stay Connected

Related Podcasts

Links

Stay Connected