Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Anthropic is seeking a valuation of about $1.4 trillion in its initial public offering, a bid to make history as the first frontier artificial intelligence lab to go public. The Claude chatbot maker and its co-founders are looking to raise as much as $90.4 billion in the IPO and a private placement. The base offering would raise up to $64.4 billion, with shares marketed for $70 to $78 each, according to a filing on Tuesday with the US Securities and Exchange Commission. Anthropic is offering 801.4 million shares, while backers are selling 23.6 million shares. On today’s episode: Anthony Hughes, Bloomberg News Equity Capital Market Reporter Matthew Luzzetti, Chief US Economist, Deutsche Bank Dave Lee, Bloomberg Opinion Columnist Melissa Smith, President & CEO, Wex See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF 25 years ago — when China entered the World Trade Organization — it kicked off an era of growth that would rapidly transformation the nation into a global superpower. China’s emergence as a high-income economy raises questions about its future, including who will succeed President Xi Jinping and how the country will continue to develop and grow. Bloomberg Businessweek Magazine has been covering the transformation since the start. Businessweek Editor Brad Stone discusses the country’s evolution, and what might be coming next. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Nvidia’s investigation into Chief Executive Officer Jensen Huang’s affair with an alleged Chinese spy raises a series of once-unthinkable questions, including whether the man at the center of the AI boom is at risk of losing his job. Nvidia makes chips that are crucial to AI computing equipment and is one of the world’s most valuable businesses. Turmoil within the company risks reverberating through the broader industry. On today’s episode: Ian King, Bloomberg News US Semiconductor Reporter Dave Lee, Bloomberg Opinion Columnist Rachel Metz, Bloomberg News AI Reporter Lynn Martin, NYSE Group President See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF For months, investors have been worrying about a long list of risks to the gravy train of artificial intelligence spending. This week, they hit the panic button. Fears of the worst-case scenario for the AI trade kicked in after the US midterm elections on Tuesday, in which Democrats secured majorities in the Senate and House of Representatives and won control of state houses and governor’s mansions across the country. Many of the winning candidates ran on anti-AI platforms, raising the possibility that the development of data centers could grind to a halt in many places. For more, we speak with Sarah Frier, Bloomberg News Big Tech Team Leader. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A rebound in chipmakers propped up the stock market as dip buyers emerged despite economic data that reinforced speculation the Federal Reserve will boost rates in December. Technology stocks staged a sharp recovery, but whether that holds is another matter. Meantime, President Trump said he was tapping longtime aide Stephen Miller as his new chief of staff and that Susie Wiles will move to his political operation, shaking up his White House team days after a devastating midterm result. On today's episode: Jeff Mason, Bloomberg Washington Correspondent & Kailey Leinz, 'Balance of Power' Co-Host Seth Fiegerman, Bloomberg News AI Editor Max Chafkin, Bloomberg Businessweek Senior Reporter Brad Loftus, Senior Partner at BCG See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Michael Stivala, President & CEO at Suburban Propane, discusses growing demand from data centers looking for reliable alternative power sources. He explains why propane can support smaller data-center projects in the one-to-10-megawatt range and how distributed energy could help address growing pressure on the electric grid. Stivala speaks to hosts Carol Massar & Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A post-election slide in chipmakers snowballed as investors bailed from technology shares on speculation that congressional Democrats will clamp down on the artificial-intelligence industry. What started as a rotation out of semiconductor stocks morphed into a broad rout, with all 11 sectors in the S&P 500 Index in the red. Traders caution against interpreting the broader market moves as a fundamental shift in investor preferences. On today's episode: Eric Weiner, Bloomberg News Senior Editor Ira Jersey, Bloomberg Intelligence Chief US Rates Strategist Timna Tanners, Wells Fargo Metals & Mining Analyst Tim O'Brien, Bloomberg Opinion Senior Executive Editor See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Following Tuesday's dominant electoral showing, Democrats are likely to press regulators and companies about the prediction market industry, which has rocked the sports betting world and spurred a legal fight with states that could end up at the US Supreme Court. However, the industry itself had a strong showing of its own on Election Night, with its real-time betting odds providing an accurate read on the political landscape. For more, we speak with Nicole Kagan, Researcher at Kalshi. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Riding a tide of voter angst, Democrats swept into power in Congress, with outrage over the cost of living and the war in Iran leading to a thundering rebuke of President Donald Trump and his party just two years after his dominant White House comeback. In a seismic political shift, Democrats’ strength suggested a breakdown of the coalition that delivered Trump a second term. The election results threaten to slow the pace of the AI infrastructure buildout, with policymakers potentially turning up the heat on increasingly unpopular data center projects. On today's episode: Joe Mathieu, Bloomberg 'Balance of Power' Co-Host Brody Ford, Bloomberg News Tech Reporter Nathan Dean, Bloomberg Intelligence Senior US Policy Analyst Joe Lovinger, Bloomberg News Texas Reporter See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Many voters are giving President Donald Trump poor marks for his handling of the cost of living, and inflation is still high, which is the number that ultimately is more important to them. On affordability and the pricing behaviors of some businesses, Bloomberg’s Max Chafkin recently reported on the left-leaning nonprofit. Groundwork Collaborative, that’s focused on what it calls “surveillance pricing” -- the idea that retailers might charge customers different prices for items in stores and online based on all the data the companies have collected about them. Chafkin and Groundwork Collaborative CEO Lindsay Owens join to discuss. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF The midterm elections have already set a record as the most expensive in US history, exceeding even the 2024 presidential race. Total spending on campaign ads this year is projected to surpass $12 billion, while more than 57 million Americans cast their ballots early. Voters say they are frustrated by the high cost of living, fuel prices that spiked after the launch of the Iran war, and uncertainty over where their jobs and the world’s largest economy are headed in the age of AI. On today's episode: Rick Davis, Partner at Stonecourt Capital & Bloomberg Politics Contributor Bill Allison, Bloomberg News Campaign Finance Reporter Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst Wayne Sanders, Bloomberg Intelligence Senior Defense Analyst See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Robinhood is competing with other retail brokerages over access to Anthropic's mega-IPO and others as they come to market. CFO Shiv Verma says the company continues to see demand for IPO access, adding, "We're making sure the companies know retail is here." He also discusses the use of AI agents in trading accounts, saying customers continue asking for more agentic tools. Verma also says Robinhood is seeing an increase in non-sports related trades on its prediction market platform. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Apple posted decelerating sales growth in its September quarter, with China revenue missing estimates, in its first earnings report since John Ternus took over as CEO. The growth marks a slowdown from a 16% increase in the June quarter. Elswhere, Anthropic disclosed a twelve-fold increase in quarterly revenue while also revealing it intends to spend over $895 billion in the coming years, and Marvell agreed to buy Lumentum in an historic $115 billion deal. On today's episode: Anurag Rana, Bloomberg Intelligence Senior Tech Analyst *POST APPLE EARNINGS. Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech *POST APPLE EARNINGS. Seth Fiegerman, Bloomberg News AI Editor . Ryan Gould, Bloomberg News Deals Reporter . See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Former CFTC Chair J. Christopher Giancarlo says the $6 billion Binance hack highlights ongoing US cybersecurity vulnerability. He also weighs in on prediction markets, saying new rules are needed for regulations at the federal level. He also says he thinks there's a "social benefit in prediction markets," with users looking to platforms for predictability. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 briefly crossing the threshold of a technical correction. The index sank 3.5% Friday. On today's episode: Kristine Aquino, Bloomberg News Markets Live Blog Managing Editor Jeff Sprecher, Intercontinental Exchange CEO Muyao Shen, Bloomberg News Crypto Reporter Dan Sheridan, Brooks Running CEO See omnystudio.com/listener for privacy information.

Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Intel Corp. slid the most in over four decades as its outlook missed estimates. Amazon.com Inc. slipped 1.4% on greater capital spending. The S&P 500 dropped 1.8%, breaching its key 100-day moving average. For a quick recap of a bruising trade for big tech and equities broadly, hosts Tim Stenovec and Jess Menton speak with Bloomberg Markets Live blog managing editor Kristine Aquino. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Schwab president and CEO Rick Wurster said that AI integration is helping the company streamline operations and create 'new pathways to engage with clients' after the Schwab announced investment in AI startup Nevis. Wurster also commented on the AI investment landscape, saying that he is reassured that there isn't a bubble by AI related companies that are still fairly or undervalued. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Amazon reported higher capital spending than expected, while its e-commerce revenue slowed ahead of a potentially lukewarm holiday sales season. Intel's revenue forecast missed estimates, hurt by sputtering demand for PC processors and supply-chain problems with its lucrative data center companies. On today's episode: Anurag Rana, Bloomberg Intelligence Senior Tech Analyst Jake Silverman, Bloomberg Intelligence Semiconductor Analyst Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst Liz Ann Sonders, Schwab Chief Investment Strategist Mike Townsend, Schwab Managing Director of Legislative & Regulatory Affairs See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Charles Schwab is expanding its push into artificial intelligence, bringing Anthropic’s Claude for Financial Advisors directly into Schwab Advisor Center. The company says it is the first RIA custodian to offer Anthropic’s advisor-specific AI to independent firms. Alison Dooher, Head of AI at Schwab Advisor Services, joins Bloomberg Businessweek Live from Schwab IMPACT Summit in Boston to discuss how AI is changing the financial advice landscape. See omnystudio.com/listener for privacy information.

Alphabet posted disappointing sales from most of its core businesses in the third quarter, escalating investors’ concerns about the hundreds of billions of dollars that the company is spending on artificial intelligence. The stock fell in late trading. Meanwhile, Microsoft delivered earnings that left Wall Street investors optimistic about its cloud division. On this episode, Carol and Tim broadcast live from the Schwab IMPACT event in Boston to cover big tech earnings and more, featuring: Ed Ludlow, Bloomberg Tech Host Anurag Rana, Bloomberg Intelligence Senior Tech Analyst Omar Aguilar, CEO & CIO of Schwab Asset Management Lisa Salvi, Head of Business Consulting & Education at Charles Schwab See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Video game maker veteran Bing Gordon helped launch the company that brought some of the most iconic games to the world. He and his daughter Chloe are out with a new book 'Everybody Wins: What Games Teach Us About Making Products People Love' which aims to break down the 8 core elements of 'gamification', and how companies like Amazon are borrowing the video game strategy to drive growth. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF The Federal Reserve kicked off a two-day meeting Tuesday after raising interest rates after its previous meeting in September. But as Bloomberg News Federal Reserve and Economy Reporter Enda Curran argues, the Fed is facing its most "confusing" economy yet. Consumer spending is strong, but sentiment is weak, and the economy is experiencing conflicting signals, including high bond yields and slow wage growth. On today's episode: Enda Curran, Bloomberg News Federal Reserve and Economy Reporter Chris Merrill, CEO at Harrison Street Asset Management Tim Arndt, CFO at Prologis Justina Lee, Bloomberg News Senior Markets Reporter See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Democrats are preparing to launch congressional investigations into the administration's handling of files related to Jeffrey Epstein if they regain power after the midterm elections. Representative Robert Garcia said the Epstein investigation is going to be one of the top priorities, alongside probes into the Trump family's business dealings and allegations of corporate corruption. Any probe would ripple well beyond Washington, with Wall Street and corporate America already bracing for a wave of Democratic investigations, and major banks that had ties to Epstein's financial dealings could be called to testify. For more, we catch up with Josh Wingrove, Bloomberg News White House Correspondent See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Anthropic filed for its IPO and expects to begin trading on the Nasdaq Global Select Market under the symbol ANT. The company's IPO will serve as a litmus test for investor demand for new equity tied to the AI trade, and its debut has become a focal point for hopes and fears over artificial intelligence. Anthropic's prospectus flagged various "risks to humanity" including attempts to "resist shutdown" and "conceal or manipulate information," and the company emphasized the potential for its AI to "behave in unintended, misaligned, or autonomous ways." On today's episode: Shirin Ghaffary, Bloomberg News AI Reporter Rudina Seseri, Founder and Managing Partner at Glasswing Ventures Axel Merk, President and Chief Investment Officer, Merk Investments Dave Lee, Bloomberg Opinion US Technology Columnist See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Christina Stembel, founder and CEO of Farmgirl Flowers speaks with Carol Massar and Tim Stenovec about how her company is managing fuel surcharges and pressure from AI. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.” Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Blackstone tactical opportunities group led a $2.3B private credit loan to CoreWeave in 2023, marking the first major deal of its kind and becoming a blueprint for chip-backed debt. This marked the first major deal of its kind and became a blueprint for chip-backed debt that, three years on, is on track to become a trillion-dollar market, eclipsing even the borrowings used to build the data centers housing the chips. It’s a testament to how intertwined the global AI expansion and credit markets have become in such a short time On today's episode: Dina Bass, Bloomberg News AI Infrastructure Reporter Jay Chaudhry, CEO & Founder, Zscaler Ray Madoff, Author, The Second Estate Jessica Dupuy, Co-Author of Italianity, Award-Winning Wine, Spirits, Food & Travel Writer See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Affirm Holdings Inc. is teaming up with Walmart Inc.’s Sam’s Club as the retailer’s exclusive buy-now, pay-later partner, just weeks before the key holiday shopping season kicks off. Affirm will serve as Sam’s Club’s exclusive BNPL provider in a multi-year agreement, starting in that role on Sam’s Club’s website in the coming weeks and rolling out to stores in 2027. For more on this deal, we catch up with Max Levchin, CEO of Affirm. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Elon Musk has publicly endorsed a combination of SpaceX and Tesla, his two most valuable companies, in what would be the biggest corporate transaction ever attempted. There's a push to announce a deal by the first half of 2027, so that it closes during the current administration, according to people familiar with the matter, with the combined market value of the companies being around $3.7 trillion. Musk's endorsement comes at a moment of extraordinary influence for him, having repaired his relationship with President Donald Trump and tapped into fervent investor enthusiasm, but this advantage is not guaranteed to last. On today's episode: Max Chafkin, Bloomberg Businessweek Senior Reporter Jackie Reses, co-founder and CEO of Lead Brett Winton, Chief Futurist, ARK Investment Management Andra Timu, Bloomberg Reporter covering Romania on Russian Drones Attacking EU See…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF US small-business optimism fell to a three-month low in September as economic expectations dimmed and a smaller share of firms indicated it was a good time to expand. Diedra Porché, National Head of Community and Business Development at JPMorganChase, discusses the investment it takes to boost a community and help strengthen small businesses. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF US small business optimism fell to a three-month low in September as economic expectations dimmed and a smaller share of firms indicated it was a good time to expand. The net share of owners who expect business conditions to improve declined 4 percentage points to a four-month low of 6%. Despite a falling economic sentiment, JPMorganChase says most small business owners view their own business outlook in a positive light, highlighting the resiliency of small businesses. Bloomberg Businessweek is live from the Chase Make Your Move Summit in Atlanta discussing the future of small businesses in America. On today's episode: Stevie Baron, CEO Chase for Business Katie Kirkpatrick, President & CEO of the Metro Atlanta Chamber Leslie Wims Morris, CEO, Chase Auto Reggie Washington, Restaurateur at SONAT Hospitality Group & Southern National Restaurant See omnystudio.com/listener for…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth. Meanwhile, SpaceX reported revenue for the third quarter that beat the average analyst estimate, sending the companies shares rising in the aftermarket. Elon Musk’s satellite, rocket and artificial intelligence conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion. On today's episode: Ed Ludlow, Co-Host of Bloomberg Tech George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis Brody Ford, Bloomberg New Tech Reporter Prashant Gopal, Bloomberg News US Real Estate Reporter See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. On this special edition of the Bloomberg Businessweek Daily podcast, we focus on business schools and how they're responding to the new challenges facing students and graduates as they enter a workforce shaped by economic uncertainty and the rapid growth of artificial intelligence. Hosts Carol Massar and Tim Stenovec, along with Bloomberg Businessweek senior editor Dimitra Kessenides, speak with Stefano Caselli, Dean of SDA Bocconi School of Management about how MBA programs are integrating new technologies and how traditional business knowledge still matters in a world increasingly reliant on artificial intelligence. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Elon Musk has vowed to distribute a share of SpaceX to each child in the US, a multibillion-dollar pledge that adds to a string of sizable donations from the tech industry for the benefit of the American public. While Musk didn’t specify how he intends to make such a donation, he has agreed in principle to distribute the stock through the Trump Accounts initiative, according to a person familiar with the matter. For a closer look, we speak with Bill Allison, Bloomberg News Campaign Finance Reporter. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A rebound in chipmakers buoyed the stock market Monday as dip buyers emerged on bets the artificial-intelligence investment boom will continue to support solid earnings. The advance in tech stocks lost steam last week as investors questioned the sustainability of AI spending, given the outlook for higher rates. This week’s earnings from Meta Platforms will provide a fresh proving ground for confidence in the AI trade, while SpaceX, Tesla, and Meta are also due to report. The industry is still set to account for nearly 70% of global earnings growth next year, according to Citigroup. On today's episode: Mandeep Singh, Bloomberg Intelligence Global Head of Technology Dan Ives, Partner at Yorkville Ives & Co. Perplexity CEO Aravind Srinivas & Ed Ludlow, Host of Bloomberg Tech Sophie Alexander, Bloomberg New Wealth Reporter & Alex Rajbhandari, Bloomberg News US Insurance Reporter See…

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Katie Zacharia will no longer serve as President Donald Trump’s press secretary after spending less than a week on the job, thrusting the White House’s communications operation back into a state of chaos. Trump has previously cited Republicans' messaging as a pain point in recent remarks. Elsewhere, the Texas Senate race has turned into one of the most expensive in history. Elon Musk gave $158 million to the GOP’s main super PAC backing Senate candidates in September, according to the latest filings from the Federal Election Commission. Meantime, AI has emerged as a volatile issue in the midterm elections that will decide control of both houses of Congress, while Americans still grapple with affordability as conflict in the Middle East continues to weigh on energy prices. Henrietta Treyz, Director of Economic Policy as Veda Partners, examines the path to the November 3rd midterm…

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Another burst of selling in technology companies rattled Wall Street on Friday, dragging down stocks as investors questioned the outlook for the artificial-intelligence trade. A rout in chipmakers extended into an eighth straight day on worries over whether the buildout of AI infrastructure has outrun the ability of firms to get a return on their investments. Meantime, Fed Chairman Kevin Warsh described AI as potentially the most consequential change to the US and global economy in his lifetime. On today's episode: - Mike McKee, Bloomberg News International Economics & Policy Correspondent - Max Chafkin, Bloomberg Businessweek Senior Reporter - Patrick McGee, Author of 'Apple in China: The Capture of the World's Greatest Company' - Jason Leopold, Bloomberg News Senior Investigative Reporter See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Long before the Great Depression or the 2008 financial crisis, the world endured its first truly global financial crash. In his new book, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World, Pulitzer Prize–winning author Liaquat Ahamed traces how a booming global bond market, railroad speculation and massive flows of capital helped fuel extraordinary growth before the bubble burst. At the center of the story were the Rothschilds, the powerful banking dynasty that helped transform government borrowing and global finance. Ahamed joins Bloomberg Businessweek Daily to discuss why 1873 still matters, how railroad mania compares with today’s rush into AI infrastructure, and what the era can teach investors about bubbles, monetary-policy mistakes and financial resilience. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Through PACs and funding tied to a16z's co-founders and partners, the Andreessen Horowitz team has poured at least $116 million into federal politics since Trump's reelection. Andreessen, who voted for Hillary Clinton in 2016 and said back then that Trump’s immigration regime “makes me sick to my stomach,” explained on a podcast that he was compelled by “absolutely horrifying” discussions he once had with Biden officials. In his retelling, they divulged a top-secret plan for the federal government to take control of the AI industry and outlaw all startups and open-source software. On today's episode: - Austin Carr, Bloomberg News Senior Features Writer - Ed Ludlow, Host of Bloomberg Tech - Robert Schiffman, Bloomberg Intelligence Senior Tech Credit Analyst - Angela Stent, Senior Fellow at the American Enterprise Institute See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels. Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco’s headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that’s threatening a rebound in Gulf supply. We discuss the latest energy headlines with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November’s midterm elections. Elsewhere, Bank of America stock and fixed-income traders missed estimates, while Anthropic held a pre-IPO investor day. On today's episode: Bank of America CEO Brian Moynihan Mike McKee, Bloomberg News Economics & Policy Correspondent Mandeep Singh, Bloomberg Intelligence Global Head of Tech Research Kelly O. Kay & Jeff Sanders, Partners at Heidrick & Struggles See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A circular funding model is accelerating the AI boom, but also amplifying imbalances — reviving memories of the global financial crisis. For more, we speak with Shawn Donnan, Senior Economics Writer for Bloomberg News. He speaks with Businessweek Daily hosts Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF A selloff in chipmakers deepened on concerns about the sustainability of the artificial-intelligence trade, weighing on stocks as Wall Street banks kicked off the earnings season. In a renewed bout of weakness, a closely watched gauge of semiconductor powerhouses extended its plunge from a June record, while concerns linked to artificial intelligence propagate across sectors. Meantime, New York Fed President John Williams said he still sees one more interest-rate hike as appropriate this year. On today's episode: Herman Chan, Bloomberg Intelligence Senior US Banks Analyst Mamadou-Abou Sarr, Founder & President at V-Square Gautam Mukunda, Bloomberg Opinion Columnist Natalia Emanuel, New York Fed Economist See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Roughly $750 billion. That’s how much Meta Platforms Inc., Amazon.com Inc., Microsoft Corp. and Google owner Alphabet Inc. are expected to devote to capital expenditures this year alone. That’s more than the entire gross domestic product of Ireland or Belgium. More than half of what all of the companies in the S&P 500 Index spent in total last year. Enough to cut a $5,500 check for every household in the US. Ian King, Bloomberg News US Semiconductor Reporter & Lynn Doan, Bloomberg News Managing Editor for Technology, join Businessweek Daily to break down the true cost of a single data center. See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Stocks fluctuated near all-time highs Monday as traders looked ahead to the start of the earnings season and inflation data that will be key in shaping the Federal Reserve outlook. With Corporate America navigating one of the strongest profit cycles in recent history, equities have also defied concerns about elevated energy costs and bond yields. President Trump’s deal with Moscow on its diesel exports and his praise for Vladimir Putin are just the latest in a string of Russia-related news that have sparked criticism from Republicans weeks ahead of a midterm election that increasingly favors Democrats. On today's episode: Jeff Mason, Bloomberg News White House Correspondent Margie Patel, Senior Portfolio Manager at Allspring Global Investments Veena Ali-Khan, Bloomberg News Reporter Tal Keinan, CEO of Sky Harbour See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’s been stuck below since July. SpaceX is closing in on a crucial swath of spectrum needed to turn the rocket, satellite and AI company into a “major mobile carrier,” setting the stage for a clash with stalwarts like T-Mobile US Inc., Verizon Communications Inc. and AT&T Inc. Once the company receives approval from the Federal Communications Commission, it will combine its satellite-to-cell services with a terrestrial network that can connect devices everywhere. For more, we speak with Loren Grush, Bloomberg News Global Space Reporter. See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW See omnystudio.com/listener for privacy information.