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. 

  1. 13H AGO

    Bank Earnings Offer Little Cause for Alarm on Private Credit

    The people, companies and trends shaping the global economy.Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Bank results so far show that private credit woes remain contained, with executives offering words of calm for nervous investors.First, there are no big red flags in the aggregate credit loss provisions from the four big banks that have reported so far, including Wells Fargo. The measure, where stress typically starts to show, is tracking higher for some lenders -- for instance, Goldman attributed the increase to “growth and impairments related to wholesale loans,” yet the overall number remains very modest compared to peers.Citi’s worse-than-expected provisions were tied to US consumer card losses and a firmwide reserves build amid the uncertain macro environment, but its measure is only the highest since 2Q 2025. That has also been offset by JPMorgan’s lower-than-estimated provisions. Taken altogether, the combined bad debt forecast tally is so far smaller than feared for the quarter and more modest than it was during the same period last year.Banks went further to disclose at least $100 billion of specific exposure to private-credit firms, with Citi saying that it’s had zero losses over the life of the portfolio. Its executives noted on the call that the bank has strong protections in place, including a prudent approach to reserves, which it continues to constantly stress test.For his part, JPMorgan CEO Dimon said he’s “not particularly worried” about private credit after the bank disclosed a $50 billion exposure. Goldman CEO David Solomon also defended the industry on Monday.The remarks and moderate credit provisions so far should give investors some comfort that strains from private credit remain limited so far -- something that other parts of the credit market have been signaling as well.Today's show features: Herman Chan, Bloomberg Intelligence Senior Analyst, US Banks & Joe Hegener, Asterozoa Capital CIO & Founder on Bank Earnings Alli McCartney, Alignment Partners at UBS Managing Director of Wealth Management on latest market reaction Adam Farrar Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific on US's Blockade on Iran Sid Philip, Bloomberg News Chief Correspondent for Global Aviation on United CEO Pitched Trump on Possible Tie-Up with American Airlines See omnystudio.com/listener for privacy information.

    40 min
  2. 1D AGO

    Trump Says Iran Reached Out on Deal, US Begins Hormuz Blockade

    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 said Iran reached out to his administration over peace negotiations, as the US began a naval blockade of the Strait of Hormuz in the war’s seventh week.Even as Trump sought to jawbone negotiations back on track, there were few signs that was taking place after weekend negotiations failed in Islamabad. Iran blamed the collapse of talks on the US and Tehran has not confirmed further discussions on Monday. “We’ve been called this morning by the right people, the appropriate people, and they want to work a deal,” Trump said at the White House, without elaborating on who participated in the conversation.Trump spoke hours after the US moved to cut off vessels from transiting the vital waterway to and from Iranian ports and coastal areas, which could further inflame tensions amid the global energy crisis. The US president once again claimed that negotiations had failed due to Iran’s insistence on maintaining a nuclear program. Trump said he was “sure” Iran will eventually agree to abandon nuclear ambitions, and reiterated there would be no deal without that concession.This episode features: Michelle Jamrisko, Bloomberg News White House & National Security Editor Marc Champion, Bloomberg Opinion Columnist on Hormuz Blockade Is a Throwdown the US Can't Win: Marc Champion Michael Ventura, Co-Head of US Equity Capital Markets at RBC on Wave of $15 Billion US IPOs Runs Headlong Into War’s New Phase Jamil Jaffer, National Security Institute Founder & Executive Director See omnystudio.com/listener for privacy information.

    39 min
  3. 4D AGO

    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
  4. 5D AGO

    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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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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