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. 3時間前

    JPMorgan Trading Desk Warns Fed Rate Cut Risks Tanking Stocks

    Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. US stocks have been on a tear, setting more than 20 all-time highs this year, but the Federal Reserve’s next move threatens to curb investors’ zeal, JPMorgan Chase & Co.’s trading desk warns. “This current bull market feels unstoppable with new support forming as former tent poles weaken,” according to Andrew Tyler, the bank’s head of global market intelligence. If the Fed follows through on a widely expected interest-rate cut at its Sept. 17 meeting, that “could turn into a ‘Sell the News’ event as investors pullback.” JPMorgan’s trading desk maintained their lower conviction tactical bullish call while pointing to a number of risk factors including inflation, employment and the trade war in a note Monday. They also noted retail investors typically scale back their participation in September, while less corporates have been buying back their own shares. The S&P 500 Index has climbed more than 30% from its April lows reached when President Donald Trump made his opening salvos in the global trade war. The stock market has so far proved resilient. But with the impact of tariffs just being felt and a recent weak jobs readout, investors are on edge ahead of an expected rate cut in typically the worst month of the year for the US equity market. Today's show features:Lauren Goodwin, Chief Market Strategist at New York Life Investments, on the US economic outlook and her expectations for US monetary policyJaime Magyera, Head of US Wealth Advisory and Head of Retirement at BlackRockPriya Misra, Core Plus Bond ETF Portfolio Manager at JPMorgan, on the slowing US labor market and the Federal Reserve’s next move Matt Middleton, Founder and CEO of Future Proof, on the 2025 Future Proof summit See omnystudio.com/listener for privacy information.

    39分
  2. 3日前

    Tesla Offers Elon Musk an Unprecedented $1 Trillion Pay Package

    Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Tesla Inc. proposed a new compensation agreement for Chief Executive Officer Elon Musk potentially worth around $1 trillion, a massive package without precedent in corporate America.The long-awaited proposal, designed to incentivize Musk to lead Tesla for years to come, sets a series of ambitious benchmarks he must meet to earn the full payout, including expanding Tesla’s nascent robotaxi business and growing the company’s market value to at least $8.5 trillion from about $1.1 trillion today. The plan spans 10 years.The additional shares Musk could receive would push his holdings in the electric-vehicle maker to at least 25%, according to the terms detailed in Tesla’s proxy filing Friday. Musk has publicly stated he wants a stake of that size.The plan dangles a financial windfall and expanded control of the company to Musk, already the world’s richest person, after his 2018 package valued in excess of $50 billion was struck down by a Delaware court. While Tesla appeals that decision, the board is seeking other ways to compensate its CEO, including with an interim stock award in early August valued at about $30 billion.Today's show features: Bloomberg Technology Co-Host Ed Ludlow on Thursday’s White House tech summit and Tesla’s new proposal for $1 trillion Elon Musk pay package Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey on Treasury market moves and the latest news from the Federal Reserve and Constance Hunter, Chief Economist at the EIU (Economist Intelligence Unit), on the August nonfarm payrolls report Dr. Misty Heggeness, Associate Professor at the University of Kansas and former principal economist at the US Census Bureau, on women in the workforce Louis "Louie" Navellier, Chairman, Founder and CIO of Navellier & Associates, on markets and the economy See omnystudio.com/listener for privacy information.

    43分
  3. 4日前

    Trump’s Fed Pick Draws Fire at Hearing; Live From Power Players New York

    Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump’s pick to fill a vacant seat on the Federal Reserve’s Board of Governors pushed back against Democratic concerns that he would merely do Trump’s bidding at the central bank, even as he acknowledged he would retain his White House job.In his confirmation hearing before the Senate Banking Committee on Thursday, Stephen Miran said he intends to take an unpaid leave of absence from his post as chair of the White House Council of Economic Advisers if confirmed to the Fed for a term that is set to expire at the end of January.Miran also reiterated his commitment to central bank independence and pledged to make decisions based on his own analysis. He added that a central bank’s most important job is preventing depressions and hyperinflation.The Trump administration official, who said he has spent much of his career studying monetary policy, last year wrote a paper detailing numerous proposals to overhaul the Fed, including ways to undercut its independence.Today's show features: Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on the Stephen Miran Federal Reserve Confirmation Hearing Max Levchin, Co-Founder & CEO at Affirm, on earnings and the fintech landscape Plus, Carol and Tim broadcast live as part of Power Players New York. They speak with: Derek Sprague, CEO, PGA of America, and Bloomberg News Texas Bureau Chief Julie Fine on the upcoming Ryder Cup and the mission to reunited the sport of golf Alex Rodriguez, Chairman & CEO of A-Rod Corp, and Bloomberg Originals Chief Correspondent Jason Kelly, on the newest season of “The Deal” See omnystudio.com/listener for privacy information.

    56分
  4. 5日前

    Weak Jobs Data Fuel Fed Bets

    Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Wall Street traders kept piling into bets the Federal Reserve will cut rates in September as weak labor data lifted bonds. Those wagers also propped up stocks, which halted a two-day rout amid a rally in big tech.Just days ahead of the US payrolls report, a drop in job openings to the lowest in 10 months saw traders almost fully pricing in a Fed cut this month and projecting at least two in 2025. Treasuries bounced after a slide that put the 30-year yield close to 5%. While most shares in the S&P 500 actually fell, Alphabet Inc. led gains in megacaps as Google dodged a forced sale of Chrome.The slide in vacancies indicates companies are becoming more cautious and selective with their hiring as they attempt to gauge the impact of tariffs on the economy. In addition to the openings data, the pace of hiring has slowed and it is taking longer for unemployed people to find another position.Before that, Friday’s jobs data will be a crucial input for Fed officials. Some are less concerned about the slowdown in payrolls growth because it’s being accompanied by a decline in the participation rate. They’re also wary of reducing borrowing costs when inflation is gradually increasing.Today's show features: Bloomberg Economics US and Canada Economist Stuart Paul details the Federal Reserve’s August Beige Book release Jason Granet, Chief Investment Officer of BNY, on the market outlook and the Federal Reserve Jaime Leverton, CEO of ReserveOne, on the role of crypto treasury companies and her firm’s IPO plans Rick J. Caruso, Founder and Executive Chairman of Caruso, on the hospitality and commercial real estate business, and California economic recovery from this year’s wildfires See omnystudio.com/listener for privacy information.

    45分

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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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