Bloomberg Businessweek

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

  1. 2 DAYS AGO

    Ontario to Pause Anti-Tariff Ad Campaign After Trump’s Ire

    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 See omnystudio.com/listener for privacy information.

    33 min
  2. 3 DAYS AGO

    FBI Arrests NBA Players, Coaches in Sports Gambling Probes 

    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 See omnystudio.com/listener for privacy information.

    43 min
  3. 4 DAYS AGO

    Tesla Earnings Miss Despite Record Third-Quarter Sales Surge

    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 See omnystudio.com/listener for privacy information.

    38 min

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Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

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