Bloomberg Businessweek

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

  1. 3d ago

    Soft Jobs Data Trims Fed Rate-Hike Bets

    The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor market is weaker than previously thought after surprising strength earlier this year.Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed Friday. The unemployment rate fell to 4.1% as labor force participation continued to slide, and wage growth slowed.The report suggests the labor market may be starting to falter amid rising prices and uncertainty from the Iran war, despite recent data showing strength in consumer spending and business investment. The data could also prompt the Federal Reserve to delay interest-rate increases as officials weigh inflation against risks to employment.US stocks opened higher and Treasury yields fell as investors reduced bets on a Fed rate hike in September. Still, upcoming reports on consumer prices — including data for July next week — could ultimately decide the Fed’s course of action next month.On this episode, Carol Massar and Tim Stenovec speak with: Mike McKee, Bloomberg TV and Radio International Economics & Policy Correspondent AND Matthew Luzzetti, Chief US Economist, Deutsche Bank Laura Ulrich, Director of Economic Research, Indeed on where the jobs are, hiring trends, AI in the jobs market Randall Williams, Bloomberg News Senior Reporter & Co-Host of ‘Business of Sports’ Podcast on latest podcast episode, sports streaming prices, FIFA latest Davide Barbuscia, Bloomberg News Corporate Finance Reporter on AI Debt Indigestion Forces Wall Street to Rethink Bond Sales See omnystudio.com/listener for privacy information.

  2. 4d ago

    Trump Made Calls to Warsh in Latest Sign of Bid to Influence Fed

    The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump has periodically spoken by phone with Federal Reserve Chair Kevin Warsh since he took the role, people familiar with the matter said, the latest sign of Trump’s effort to exert greater influence over the central bank.Trump and Warsh have spoken multiple times since the latter was confirmed in May, with Trump inquiring about Warsh’s forecasts and opinions but not pushing him to take any specific course of action, one of the people said, speaking on condition of anonymity to discuss the private conversations. One person said they speak irregularly, and another said their calls are infrequent. It’s unclear if the two have discussed monetary policy.“President Trump has repeatedly stressed that he is giving Chairman Warsh the space he needs to restore confidence and competence in Fed decision-making,” White House spokesman Kush Desai said in an emailed statement. “While the President has his First Amendment right as an American citizen and duty as Commander in Chief to voice his thoughts about the Fed, he has also repeatedly reaffirmed Chairman Warsh and the Fed’s independence.On this episode, Carol Massar and Tim Stenovec speak with: Mike McKee, Bloomberg TV and Radio International Economics & Policy Correspondent Enda Curran, Bloomberg News Senior Federal Reserve Reporter Hema Parmar, Bloomberg News Hedge Fund Reporter on Situational Awareness Returns to Investing With $400 Million Bet Matt Winkler,  Bloomberg News Editor-in-Chief Emeritus on 'Follow the Money All the Way to Carney’s Canada Adam Zambanini, CEO, Trex on earnings, state of manufacturing, competition in the sector, TAM, recyclables and materials/wood-alternative composite decking and residential railing products See omnystudio.com/listener for privacy information.

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Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

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