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Meta's Day in Court, Restoring US Credibility Apr 14, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Mark Zuckerberg took the stand in federal court Monday as the first witness in the US Federal Trade Commission’s antitrust trial seeking to break up Meta Platforms Inc.
The company’s founder and chief executive officer will face questions about the company’s acquisitions of Instagram and WhatsApp. The FTC is seeking to force Meta to divest those platforms, alleging the acquisitions gave Meta an illegal monopoly on portions of the social networking industry.
In initial questioning by the FTC’s lead trial lawyer, Daniel Matheson, Zuckerberg described the company’s early history and acknowledged that he rejected advice to sell the company early on because it would not be possible to compete with MySpace.
Zuckerberg went on to describe the creation of the Facebook news feed in 2006 to facilitate “real connections to actual friends.” That use is key to the FTC’s argument that the company is primarily focused on sharing information with friends and family.
Today's show features:

Bloomberg Intelligence Senior Antitrust Litigation Analyst Jen Rie on Meta Faces Potential Breakup With Start of Antitrust Trial
Bloomberg News Editorial Board Member Christine Harper on Volcker’s Lessons for Restoring US Credibility
Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple's Supply Chain
We Drive to the Close with Andrew Slimmon, Senior Portfolio Manager at Morgan Stanley Investment Management

Hosts: Carol Massar and Tim Stenovec Producer: Sebastian Escobar

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S&P 500 Notches Its Best Week Since November 2023 Apr 11, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Wall Street’s gyrations shook markets anew, with stocks wiping out losses to extend their best weekly rally since 2023. The rebound came as a selloff in longer-term Treasuries and the dollar abated, following a few chaotic days that underscored fears foreign investors are beating a retreat from American assets.
Volatility shows little signs of easing as concerns that President Donald Trump’s fast-evolving trade policy is not only shaking the global economy, but threatening the US status as the world’s safe haven. The S&P 500 jumped about2% on a report that a Federal Reserve official said the central bank is ready to help stabilize markets, if needed. US 30-year yields dropped, while still remaining up by 45 basis points since last Friday.
Not since the pandemic has there been this little clarity on the outlook for economies, markets and businesses, with China unleashing retaliatory measures and Trump pausing some levies only hours after they took effect. Variations of “uncertainty,” “unknowns” and “turbulence” arose again and again as three of the biggest US banks kicked off the industry’s earnings reports on Friday. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he expects “a kerfuffle” in Treasuries that prompts a Fed intervention.
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 bank earnings
Paul Rice, Founder of Fair Trade USA, and author of "Every Purchase Matters: How Fair Trade Farmers, Companies, and Consumers Are Changing the World"
Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies, and Bloomberg News metals and mining reporter Joe Deaux

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Bloomberg Businessweek Weekend - April 11th, 2025 Apr 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 @B

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ICYMI: Louis Navellier on Earnings Optimism Apr 11, 2025

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Louis Navellier, Chairman, Founder and CIO of Navellier & Associates, explains why he's optimistic about markets with quarterly earnings set to start rolling out in full force, and why he believes "the bond vigilantes are in charge" at the White House following President Donald Trump's temporary tariff pullback.

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Markets Plummet as Tariff-War Woes Fuel Exodus From US Assets Apr 10, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Less than 24 hours after President Donald Trump backtracked on his once-in-a-century trade war to prevent a meltdown in financial markets, frantic selloffs hit US stocks, bonds and the dollar yet again as fears of a worldwide recession engulfed Wall Street.
The S&P 500 Index ended the day down 3.5% as investors seized on Wednesday’s historic rebound to sell. Long-term Treasuries sank, sending yields soaring after a brief respite. The dollar tumbled for a third day as traders liquidated US assets in favor of haven currencies like the Swiss franc, which surged by the most in a decade. Meanwhile, oil prices fell further.
In a measure of how volatile markets have become since Trump announced his plan to impose punitive tariffs on dozens of America’s trading partners, the S&P 500’s gyrations in the past two trading have rivaled those unleashed by the pandemic and the 2008 financial crisis.
The moves, in the end, all pointed toward the same sobering conclusion: Trump’s chaotic tariff rollouts — regardless of where they eventually settle — is rapidly undermining confidence in the US economy and threatening to keep markets on edge for the next three months as traders wait to see how it will all play out.
Today's show features:

Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams on markets
Ryan Detrick, Chief Market Strategist with The Carson Group
Mike Siegel, Goldman Sachs Global Head of Insurance Asset Management & Global Head of Liquidity Solutions and Bloomberg TV Global Finance Correspondent Sonali Basak

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US-China Decoupling Threat Apr 10, 2025

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China Beige Book International Chief Operating Officer Shehzad Qazi examines President Donald Trump's latest salvos in the US-China trade war and discusses the odds of an economic decoupling between the two superpowers.

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A "Rip Your Face Off Rally" Apr 09, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump’s pledge to pause tariffs on some trading partners ignited the biggest burst of buying Wall Street has seen since 2008. Trump announced a 90-day pause on higher reciprocal tariffs that hit dozens of trade partners after midnight, while raising duties on China to 125%.
After narrowly avoiding a bear market, the S&P 500 staged a historic bounce from a selloff that wiped out trillions from global share prices amid the specter of a full-blown trade war that fueled fears of a US recession. The equity benchmark soared 9.5%, the most since the global financial crisis, while the Nasdaq 100 surged 12% as euphoria gripped markets after four days of bruising, high-volume trading. Nearly every stock in major gauges rose.
Treasuries staged a tentative return to normalcy as investors dumped havens on fear of missing out on the great risk rebound. Two-year US yields briefly spiked past 4% as traders pared expectations for Federal Reserve rate cuts this year.
Today's show features:

Vincent Cignarella, Bloomberg Markets Live Macro Strategist
Brent Schutte, Chief investment Strategist at Northwestern Mutual Wealth Management
Danielle DiMartino Booth, CEO & Chief Strategist at QI Research

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Trump Tariffs Upend the Investing Class Apr 09, 2025

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ICYMI: Bloomberg News finance reporter Max Abelson explains how the Trump administration's economic policies, particularly when it come to tariffs, are causing global financiers to brace for soured loans, canceled deals, and job losses.

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Late Day Stock Drop; Auto Industry On Edge From Trump Tariffs Apr 08, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Another volatile day on Wall Street pushed the S&P 500 Index back to the brink of a bear market as the Trump administration doubled down on its plans to enact hefty tariffs that threaten to send the American economy into a recession.
The S&P 500 fell 1.6% in a fourth straight session that has seen moves of at least 4% from peak to trough. The index powered higher by as much as 4% in early trading on optimism that President Donald Trump would negotiate lower rates on key allies.
Meanwhile President Trump’s tariffs are rattling US consumers, who are stocking up on everything from cars to olive oil and iPhones. The behavior offers some good news for businesses that are rushing to figure out how to respond to the upheaval caused by Trump’s global trade war.
Today's show features:

Vincent Cignarella, Bloomberg Markets Live Macro Strategy
Wendy Schiller, professor of political science at Brown University
Swamy Kotagiri, Magna International Chief Executive Officer

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ICYMI: More Trump Market Volatility Apr 08, 2025

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ICYMI: Trillium economist and portfolio manager Cheryl Smith joins to discuss her outlook on Trump's trade war and how long she sees volatility affecting markets.

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