Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Grindr unveiled new app features and shared details around its premium subscription tier as part of a larger effort to integrate artificial intelligence across its LGBTQ dating platform. The premium plan unlocks access to new AI features and deeper personalization, including a "Discover" tool, Profile Insights, and A-List. Grindr is also investing in AI-powered safety tools and other features, such as a Health Center and a Smart Inbox tool, to enhance the user experience.

For more, Tim Stenovec and guest host Norah Mulinda speak with George Arison, CEO of Grindr. 

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

A group of US investment giants are nearing a partnership with Nvidia on $500 billion in funding for the buildout of AI infrastructure. The firms in talks with Nvidia include Apollo Global Management Inc., Blackstone Inc., and Goldman Sachs Group Inc., among others. Nvidia has already inked hundreds of billions of dollars worth of deals with companies across the AI ecosystem, stoking concerns from some investors that the chipmaking giant is inflating demand and valuations across the industry.

On this episode, Carol Massar and Tim Stenovec speak with:

• Ian King, Bloomberg News US Semiconductor Reporter
• Gary C. Evans, Chairman & CEO of US Antimony
• Gabriel Baumgaertner, Bloomberg News Reporter
• Madison Muller, Bloomberg News Healthcare Reporter

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Some people have been taught that success comes from careful planning, learning the ropes, and earning one promotion at a time. But what about the people who seem to skip all that? In "You Can Just Do Things", Cate Hall argues that the so-called “rules” of success aren’t rules at all — they’re productivity guidelines for low-agency people. Hall shows readers how to live with agency and take control of your future

For more, Carol Massar and Tim Stenovec speak with Cate Hall, author of the book “You Can Just Do Things: How High-Agency People Get What They Want Out of Life”

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Our Town from Bloomberg’s Big Take podcast follows residents of Gainesboro, Tennessee, after a group of far-right Christians moves in with plans for a radical social experiment.

Listen to Episode 1 on the Big Take.

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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.

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Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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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

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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.

Bloomberg's Tom Keene and Damian Sassower break down the numbers with:

• Claudia Sahm, Chief Economist at New Century Advisors
• Constance Hunter, Chief Economist at EIU
• Kristina Campmany, Senior Portfolio Manager at Invesco
• Andrew Hollenhorst, Chief US Economist at Citi
  Stephanie Roth, Wolfe Research Chief Economist

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

OpenAI said the artificial intelligence models behind an attack on Hugging Face Inc. began communicating with each other through undetected message boards, working together to break out of their testing environment as early as May. The researchers said that the roots of the breach went back to when OpenAI scientists gave an experimental AI system a new task to complete, and the models demonstrated a propensity to cheat on their assignments and showed persistence in trying to complete a given task. The incident has fueled calls for more thorough safety reviews of AI models, and OpenAI has slowed its research to focus on enhancing responses to security anomalies, warning that governments and businesses should expect hackers to intentionally deploy AI agents in a similar fashion.

For more, Carol Massar and Tim Stenovec speak with Maggie Eastland Bloomberg News Tech & Industrial Policy Reporter and Rachel Metz Bloomberg News AI Reporter 

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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

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Child safety online has become a national issue. The US surgeon general has called for warning labels on social media sites. Congress has held hearings taking CEOs to task. And lawsuits claiming harm to thousands of kids have been piling up in the courts.

For more, Carol Massar and Tim Stenovec speak with Olivia Carville, Bloomberg News Investigative Reporter

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