Bloomberg Businessweek

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec bring you insight on the people, companies and trends shaping today's complex economy.  You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

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    Trump Threatens Iran as Vance Heads to Pakistan for Peace Talks

    The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump ramped up pressure on Iran as Vice President JD Vance traveled to Pakistan for talks to end the war, with Israeli airstrikes in Lebanon and the Strait of Hormuz’s effective closure looming over diplomatic efforts. Trump posted on social media Friday that Tehran’s only leverage is “short term extortion of the world by using International Waterways” — a reference to Hormuz, a critical shipping lane for oil and natural gas that remains largely shut, raising global energy prices. Trump declared that the “Iranians don’t seem to realize they have no cards.” While the two-week ceasefire was broadly holding across the Middle East, the situation with the strait and continued fighting between Israel and Hezbollah in Lebanon threatened to complicate negotiations due to begin over the weekend in Islamabad. Iranian Parliament Speaker Mohammad-Bagher Ghalibaf insisted in a social media post that a ceasefire in Lebanon is one measure that “must be fulfilled before negotiations begin.” The other is the “release of Iran’s blocked assets,” he added, without being more specific. This episode features: Jeff Mason, Bloomberg News Washington and White House Correspondent Humayun Tai, McKinsey Global Energy & Materials Practice Senior Partner & Leader Todd Gillespie, Bloomberg News Banking Reporter on Treasury Secretary Scott Bessent and Federal Reserve chair Jay Powell convening an urgent meeting with Wall Street leaders on the latest AI model from Anthropic Drive to the Close with Jed Ellerbroek, Argent Capital Management Portfolio Manager Hosted by Tim Stenovec and Emily Graffeo, in for Carol Massar See omnystudio.com/listener for privacy information.

    36 min
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    Intel Wins Google Promise to Keep Using Xeon in Data Centers

    The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Intel Corp., trying to promote the use of its technology in data centers, said Alphabet Inc.’s Google has committed to using future generations of its Xeon processors and other chips.As part of the multiyear agreement, announced Thursday, the search engine giant will customize Intel’s IPUs, or infrastructure processing units. These chips handle functions such as networking, security and storage. The companies didn’t disclose financial details or purchase commitments.The deal is part of a push by Intel to better capitalize on the build-out of artificial intelligence infrastructure. Getting a bigger slice of data center spending is critical to a comeback bid under Chief Executive Officer Lip-Bu Tan.Intel’s stock rose as much as 3.6% in New York trading, adding to a rally of about 20% this week. The shares have also benefited from an announcement that the chipmaker will help Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc., SpaceX and xAI.Xeon once commanded a market share of more than 99%, making it the chief source of profit for what was then the world’s largest semiconductor maker. In the last few years, Intel has lost ground to rivals such as Advanced Micro Devices Inc. and in-house efforts by customers — including Google.One trend is working in Intel’s favor: Central processing units, its hallmark product, are increasingly seen as critical to artificial intelligence computing. Though Nvidia Corp.’s AI processors are still the workhorses of this infrastructure, there’s growing demand for general-purpose CPUs to help everything run smoothly.Today's show features: Ian King, Bloomberg News US Semiconductor Reporter Ed Fishman, Columbia University Senior Research Scholar and Professor Jeff Mason, Bloomberg News Washington and White House Correspondent Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent Sarah Hunt, Alpine Saxon Woods Chief Market Strategist See omnystudio.com/listener for privacy information.

    35 min
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    Fed Minutes Show Officials Saw Two-Sided Risks From Iran War

    The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.A growing number of Federal Reserve officials worried the Iran war could further stoke inflation and wanted to make clear following their March meeting that the central bank may have to consider raising interest rates.Minutes of the Federal Open Market Committee’s March 17-18 meeting, released Wednesday in Washington, showed policymakers wrestled with starkly differing scenarios for the US economy following the outbreak of the Iran war, and the policy reactions that might follow.Most officials worried a protracted war could hurt the labor market and warrant lower interest rates. At the same time, many policymakers highlighted the risk to inflation that might ultimately warrant rate increases.Officials in the latter camp appeared to become more strident, urging their colleagues to consider adding language to their post-meeting statement that raised the scenario of hiking rates under certain conditions.“Some participants judged that there was a strong case for a two-sided description of the committee’s future interest-rate decisions in the post-meeting statement, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation were to remain at above-target levels,” the minutes said.Echoing those concerns, the minutes noted the “vast majority” of officials thought it may take longer to return inflation to the Fed’s 2% goal.At the meeting, officials held the Fed’s benchmark policy rate in a range of 3.5% to 3.75% at that gathering.Today's show features: Michael McKee, Bloomberg International Economics and Policy Correspondent, breaks Fed Minutes Matthew Luzzetti, Deutsche Bank Chief US Economist and Head of US Economic Research Dr. Ed Husain, Senior Fellow at the Council on Foreign Relations Michelle Gass, Levi's President & CEO on Levi Boosts Outlook as Direct-to-Consumer Strategy Pays Off See omnystudio.com/listener for privacy information.

    45 min
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    Trump Threatens 'All Hell' as 8pm Deadline Looms

    The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump has threatened “all Hell” will rain down on Iran if it doesn’t agree to a ceasefire that reopens the Strait of Hormuz by 8 p.m. Eastern time on April 7. Is this a bluff intended to push Tehran to the negotiating table, or a credible threat?With the deadline nearing, Iran rejected the latest US proposal for a deal to end the war and continued regional strikes. Trump intensified his threats — warning a “civilization will die tonight” — and the US reattacked Iran’s Kharg island. Further escalation appears more likely than negotiations. That’s consistent with our base case that the war will see a sharp escalation followed by a shift to lower-intensity fighting.Treasuries fell amid mounting oil prices in the run-up to US President Donald Trump’s late-Tuesday deadline for Iran to agree to terms for ending American attacks.The declines lifted yields by as much as five basis points, with long-maturity tenors rising most. Ten- and 30-year yields reached session highs against an array of conflicting signals about whether Trump’s threats of mass destruction are likely to come to pass.Oil prices — a principal driver of Treasury yields since the US assault on Iran began Feb. 28 — rose, US benchmark West Texas Intermediate crude futures by as much as 4.6% from Monday’s multi-year high close. Yields reached year-to-date highs in late March as energy prices mounted, however they retreated from those levels amid mounting fears the oil shock will hit economic growth.Today's show features: Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO Michael Gross, SLR Capital Partners Co-Founder  Sastry Durvasula, TIAA Chief Operating, Information and Digital Officer See omnystudio.com/listener for privacy information.

    35 min

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Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec bring you insight on the people, companies and trends shaping today's complex economy.  You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

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