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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.

  1. 22 HR AGO

    Stocks Climb as Trump Soothes Wall Street Nerves

    Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF. A jittery week on Wall Street ended on a positive note for stocks as President Donald Trump’s remarks soothed anxiety around trade tensions while regional banks rebounded. Bonds, gold and silver fell. The bounce in equities sent the S&P 500 to its best week since August, with Trump expressing optimism that talks with Chinese officials could yield an agreement to defuse the tariff spat between the world’s two biggest economies. A batch of solid results from various regional lenders lifted the industry after a rout triggered by concern over credit quality in the economy. The White House signaled efforts to calm fears of a full-blown trade war that could have a seismic effect on the global economy. “I think we’re doing very well. I think we’re getting along with China,” Trump said. He also indicated that he believed his planned meeting with President Xi Jinping this month would go ahead. The S&P 500 added 0.5%. A closely watched exchange-traded fund tracking regional banks climbed 1.6%. Zions Bancorp and Western Alliance Bancorp - which had led the recent industry selloff - rallied at least 3.1%. Oracle Corp. sank about 7% on concerns about fulfilling AI cloud demand. Treasury two-year yields rose from the lowest since 2022. The dollar was little changed at the end of its worst week since August. Today's show features:Winnie Cisar, Global Head of Strategy at CreditSights, on potential cracks in the US credit marketKatie Hubbard, Executive Vice President of Capital Markets at Walton Global, on the US real estate marketDana Telsey, Founder, CEO and Chief Research Officer of Telsey Advisory Group, on the health of the American consumer and the retail sectorAngela Stent, Senior Fellow at the American Enterprise Institute and Author of “Putin's World,” on President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy and planned summit with Russian President Vladimir Putin See omnystudio.com/listener for privacy information.

    41 min
  2. 1 DAY AGO

    Trump Says He’ll Meet Putin Again to Discuss War in Ukraine

    Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump said he would hold a second meeting with Russian President Vladimir Putin at a yet-to-be determined date aimed at ending the war in Ukraine.Trump and Putin agreed to meet in Budapest during a two-hour phone call on Thursday. The two leaders met in Alaska in August, but failed to reach a breakthrough.“I believe great progress was made with today’s telephone conversation,” Trump posted on social media, saying that he and Putin would “see if we can bring this ‘inglorious’ War, between Russia and Ukraine, to an end.”Kremlin foreign policy aide Yuri Ushakov confirmed that Putin and Trump discussed holding a summit meeting in Budapest. He told reporters in an audio message that the discussion was substantive and frank, and that Trump proposed holding the meeting in Budapest.“We are ready!” Hungarian Prime Minister Viktor Orban posted on X in response, later saying he spoke to Trump by phone to prepare for the gathering.The US and Russia will hold high-level staff talks next week before the leaders summit, with Washington’s delegation led by Secretary of State Marco Rubio. A location has not yet been decided, Trump said. Russian Foreign Minister Sergei Lavrov and Rubio plan to hold a call in the coming days, Ushakov said. The leaders discussed what US-Russia trade would be possible if the war ends, according to Trump.The developments signal that Trump is willing to give diplomacy another chance before authorizing more aggressive steps against Moscow, even though his efforts thus far haven’t succeeded. The conversation took place a day before Trump’s White House meeting with Ukrainian President Volodymyr Zelenskiy, who has pressed the US president to sell his country long-range Tomahawk missiles that can strike deeper into Russian territory.Today's show features: Bloomberg News White House & National Security Editor Michelle Jamrisko on Thursday’s call between US President Donald Trump and Russia’s Vladimir Putin ahead of Ukrainian leader Volodymyr Zelenskiy’s White House visit on Friday Lauren Goodwin, Chief Market Strategist at New York Life Investments, on gold’s latest rally and investing trends amid the US government shutdown Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman and Big Tech Team Leader Sarah Frier on the latest salvo in the AI talent war between Apple and Meta Platforms Bloomberg News Florida Correspondent Anna Kaiser on a pricey members club in Miami’s most exclusive office tower, which is also home to the likes of Citadel and Microsoft See omnystudio.com/listener for privacy information.

    36 min
  3. 3 DAYS AGO

    Dimon’s ‘Cockroach’ Fear Revives Threat of Growing Credit Cracks

    Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.Investors spooked by the implosion of auto lender Tricolor Holdings and car-parts supplier First Brands Group got little reassurance Tuesday from the head of the biggest US bank.“My antenna goes up when things like that happen,” Jamie Dimon, JPMorgan Chase & Co.’s chief executive officer, said on a call with analysts. “I probably shouldn’t say this, but when you see one cockroach, there are probably more. Everyone should be forewarned on this one.”The pair of bankruptcies were a shock for the credit markets, where companies have been borrowing at a record pace while handing investors outsized returns. And Dimon, fresh off posting results that put his bank on track for another record year, said there could be more pain than usual when the economy takes a turn for the worse. In drawing attention to investors’ growing disillusionment with public vehicles that hold private-debt investments, Dimon touched on a niche corner of the market where investors are on the lookout for signs of widening cracks in debt markets.Investors have been fleeing BDCs, seen as a proxy for the $1.7 trillion private-credit market, as they cut distributions available to shareholders. That has opened a widening gap between the broader equity market and private-credit BDC stocks. Last month, the $75 billion non-traded Blackstone Private Credit Fund, the largest in the industry, said it was reducing its shareholder payouts.Today's show features: Bloomberg News Chief Wall Street Correspondent Sridhar Natarajan and Bloomberg Intelligence Senior Analyst for Global Investment Banks & Asset Managers Alison Williams on quarterly bank earnings from JPMorgan, Goldman Sachs, Citigroup and Wells Fargo Bloomberg News US Semiconductor Reporter Ian King on Oracle’s deal to deploy a large batch of AMD’s forthcoming MI450 chips next year Cathy Seifert, Vice President of CFRA Research, on BlackRock’s quarterly earnings and outlook Bloomberg News Global Economy Reporter Enda Curran US China on global trade shifts brought on by tariffs See omnystudio.com/listener for privacy information.

    40 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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