Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Airlines and US aviation officials plan to meet on further flight cutbacks at Newark airport following multiple breakdowns in radar systems, according to people familiar with the matter. 

The plan currently under consideration would encourage carriers to voluntarily decrease the number of flights for a limited period at the transportation hub outside New York City, said the people, who asked not to be identified discussing private deliberations. The Department of Transportation is expected to schedule discussions with airline leaders in the coming weeks, one of the people said.
The urgency for such a meeting was underscored Friday by a second incident in which air traffic controllers guiding planes in and out of Newark Liberty International Airport briefly lost communications and radar displays. It follows a similar breakdown on April 28. Neither resulted in injuries or accidents.
Today's show features:

• George Ferguson, Bloomberg Intelligence senior aerospace, defense & airlines analyst
• Erik Wasson, Bloomberg News congressional reporter on Trump Cautions GOP on Tax Hike for Rich, But He’s ‘OK’ With It and SALT Republicans Have to Accept ‘Unhappy’ Deal, GOP Chair Warns
• Nina Trentmann, Bloomberg News senior editor & Procore CFO Howard Fu on his company's outlook and his perspective on how tariffs could impact construction
• Chris Palmeri, Bloomberg News entertainment reporter & Andrew Silverman, Bloomberg Intelligence Government analyst on Trump Plans 100% Levy on Foreign Films, Deepening Trade War and how film tariffs would actually function

Hosts: Matt Miller and Norah Mulinda

Producer: Justin Milliner

See omnystudio.com/listener for privacy information.

Matt Atkenson, Ford Pro executive director for North American sales discusses the outlook for Ford's commercial fleet arm amid trade and tariff uncertainty and after Ford held back full year guidance. He speaks with Tim Stenovec.

See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

 Cardinal Robert Francis Prevost was elected as Roman Catholic pontiff, the first ever pope from the US and a possible bridge between the moderate and hardline sides of the Church. Prevost, 69, chose the name of Leo XIV for his pontificate and was greeted by thousands of cheering faithful as he stepped out onto a balcony overlooking St. Peter’s Square to be presented to the world. 

“May peace be with you,” the new pope told a cheering crowd waving flags. 

The new pope inherits from his predecessor Pope Francis a church that is facing internal strife between progressives and conservatives over matters such as divorce and LGBTQ+ issues, while trying to navigate geopolitical tensions. 

On this episode, hear from: 

• Professor Natalia Imperatori-Lee of Manhattan University on the selection of a new Pope
• Bloomberg News UK Government reporter Joe Mayes & Bloomberg Economics US Economist Stuart Paul on the US-UK trade deal framework 

Plus, hear highlights from Carol Massar's live remote broadcast from the Principal Real Estate Conference & Advisory Committee in Arizona 

• Rich Hill, Senior Managing Director, Global Head of Real Estate Research & Strategy Principal Asset Management 
• Kamal Bhatia, President & CEO, Principal Asset Management 

See omnystudio.com/listener for privacy information.

Dr. Patrick Ngugi Njoroge, former governor of the Central Bank of Kenya speaks with hosts Carol Massar and Romaine Bostick live from the 28th annual Milken Institute Global Conference

See omnystudio.com/listener for privacy information.

The 28th annual Milken Institute Global Conference will, in the organization’s own words, “unite our catalytic community to tackle challenges and seize the opportunity to collectively shape our shared future.” The conference aims to tackle our world’s most pressing issues from climate change to geopolitical hotspots to AI complexities, examining impact on markets and workers globally.  

On this special edition of the Bloomberg Businessweek Daily podcast, hear some of the top conversations from our second day at Milken, with hosts Carol Massar and Romaine Bostick live from the conference. 

On this episode, we hear from: 

• BlackRock head of Macro Credit Research Amanda Lynam 
• Carlyle Global head of research Jason Thomas 
• Guggenheim Partners Co-president Dina Dilorenzo 
• PIMCO Mng Dir/President/Global Head of credit research Christian Stracke

See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve Chair Jerome Powell said officials are not in a hurry to adjust interest rates, adding tariffs could lead to higher inflation and unemployment. “If the large increases in tariffs that have been announced or sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment,” Powell said Wednesday at the conclusion of a two-day meeting in Washington. “The effects on inflation could be short lived, reflecting a one time shift in the price level,” he said. But it’s “also possible that the inflationary effects could instead be more persistent.”

Officials voted unanimously to keep the benchmark federal funds rate in a range of 4.25% to 4.5%, where it has been since December. In a statement, policymakers said they see a growing risk of both higher inflation and rising unemployment. “Uncertainty about the economic outlook has increased further,” the Federal Open Market Committee said in a statement. They added, “the risks of higher unemployment and higher inflation have risen.”

The S&P 500 index of US stocks and Treasury yields fell following the announcement, while the dollar pared gains.

See omnystudio.com/listener for privacy information.

Artemeter founder and CEO Olivia Albrecht discusses her firm and the intersection of climate science, capital markets and product innovation. She speaks with Carol Massar and Romaine Bostick from the 28th annual Milken Institute Global Conference in Beverly Hills 

See omnystudio.com/listener for privacy information.

The 28th annual Milken Institute Global Conference will, in the organization’s own words, “unite our catalytic community to tackle challenges and seize the opportunity to collectively shape our shared future.” The conference aims to tackle our world’s most pressing issues from climate change to geopolitical hotspots to AI complexities, examining impact on markets and workers globally. 

On this special edition of the Bloomberg Businessweek Daily podcast, hear some of the top conversations from our second day at Milken, with hosts Carol Massar and Romaine Bostick live from the conference. 

On this episode, we hear from:  

• Pimco CEO Manny Roman 
• Oaktree Capital Co-CEO Armen Panossian 
• Former Baltimore Mayor Stephanie Rawlings-Blake 
• Churchill Asset Management President/CEO Ken Kencel

See omnystudio.com/listener for privacy information.

The 28th annual Milken Institute Global Conference will, in the organization’s own words, “unite our catalytic community to tackle challenges and seize the opportunity to collectively shape our shared future.” The conference aims to tackle our world’s most pressing issues from climate change to geopolitical hotspots to AI complexities, examining impact on markets and workers globally. 

On this special edition of the Bloomberg Businessweek Daily podcast, hear some of the top conversations from our first day at Milken, with hosts Carol Massar and Romaine Bostick live from the conference.

On this episode, we hear from: 

• Carlyle Group Co-Chairman David Rubenstein 
• US Congressional Budget Office Director Phillip Swagel 
• Man Group President Robyn Grew 
• FCC Chairman Brendan Carr

See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Emily Graffeo speak with Bloomberg Climate Reporter Eric Roston and Bloomberg Space Reporter Sana Pashankar. They discuss their Big Take story on decommissioned satellites and what happens during their scheduled demise as they fall back to Earth.

See omnystudio.com/listener for privacy information.