Bloomberg Businessweek

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. 

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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. 

LIV Golf is hunting for new investors after Saudi Arabia ended its ongoing financial support for the loss-making league that briefly challenged the PGA Tour’s supremacy. 

In a statement Thursday, LIV Golf announced it had appointed a new board led by turnaround consultants Gene Davis and Jon Zinman and is looking for talks with prospective global investors to help continue the league. 

Following weeks of speculation, Saudi Arabia’s Public Investment Fund publicly confirmed its decision to stop funding LIV after the 2026 season, which is scheduled to end in August. 

Today’s episode features: 

• Randall Williams, Bloomberg News US Sports Business Reporter 
• Christina Stembel, Farmgirl Flowers Founder & CEO on one week out from Mother’s Day 
• Chris Rovzar, Bloomberg Pursuits Editor on feature: There’s Never Been This Much Pressure for Men to Look Good at 60 
• Dan Sheridan, Brooks Running CEO

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Mount Sinai recently opened the Rowan Women's Health Center with a special focus on women's healthcare. As part of our weekly women's health segment, hosts Carol Massar and Tim Stenovec speak with Dr. Fanny Elahi, MD, PhD, Mount Sinai associate professor of neurology and neuroscience at the Icahn School of Medicine, about the new center, what it offers and how it might impact her work and research.

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Apple delivered second-quarter revenue that edged past analysts’ estimates, helped by demand for the iPhone and Mac, while failing to produce the blowout results that some investors were anticipating.  Revenue gained 17% to $111.2 billion during the period, which ended March 28, the company said in a statement Thursday. Analysts had anticipated $109.7 billion on average. Apple itself had projected sales growth of 13% to 16%.
The company is benefiting from a series of new products launched in March, including the MacBook Neo, iPhone 17e, updated iPad Air models and a fresh MacBook Pro. The $599 Neo — Apple’s first major push into low-cost laptops — has been particularly popular and remains sold out at several retailers.
Still, the results were uneven. Apple fell short of expectations in the Americas and Europe regions, while exceeding projections in China and other parts of Asia. The iPhone — its flagship product — was in line with the average Wall Street estimate. 
Today's show features:

• Ed Ludlow, Bloomberg Tech co-host
• Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
• Kate Gulliver, Wayfair CFO

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Bloomberg News auto reporter Gabrielle Coppola speaks with hosts Carol Massar and Tim Stenovec about her Businessweek story on how social media influencers are drumming up interest from their US-based followers in Chinese EVs.

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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.

Four of the biggest companies in the US: Alphabet, Amazon, Meta and Microsoft all reported earnings after the bell.

- Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to build artificial intelligence models won’t pay off.

- Microsoft's cloud business reported growth that narrowly beat analysts’ estimates, disappointing investors concerned that the company isn’t fully capitalizing on demand for AI services.

- Amazon spent more than anticipated to expand data center capacity in the quarter, fueling the fastest sales growth for its cloud unit in more than three years.

- Alphabet (GOOGL) reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant’s unprecedented investments in AI infrastructure are beginning to pay off.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

• Ed Ludlow, cohost of Bloomberg Tech
• Ron Westfall, HyperFRAME Research Infrastructure and Networking VP & Practice Leader
• Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
• Matt Day, Bloomberg News Technology Reporter

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Bloomberg's Tom Keene and 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 he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.

While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.”

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Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.Four officials voted against the decision, including three who objected to language in their post-meeting statement that suggested the central bank would eventually resume cutting rates.

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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.

Manifest OS, a startup selling AI software to lawyers, has sealed a $60 million Series A funding round valuing it at $750 million.

Investors in the round include Menlo Ventures, Kleiner Perkins, First Round Capital and Quiet Capital, according to a statement reviewed by Bloomberg News.Manifest OS was founded by Dan Mishin, an entrepreneur who said he spent tens of thousands of dollars on the legal paperwork to become a US citizen. He said his company’s mission is to “end the billable hour” to make legal services accessible to all.

Manifest OS founder and CEO Dan Mishin talks to hosts Carol Massar and Tim Stenovec about his firm's latest funding round and how it's using the emerging technology in the legal world.

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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 constellation of artificial-intelligence stocks dropped after OpenAI reportedly failed to meet its sales and user targets, rekindling doubts that the hundreds of billions of dollars that big companies are plowing into the technology will deliver sufficient profits anytime soon.

The report dragged down the stocks of companies that have cut investment and business deals with OpenAI, which helped unleash the stock-market’s AI boom after the release of ChatGPT more than three years ago.

The reported miss by OpenAI revived worries that have shadowed the stock market periodically for months as technology giants like Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Alphabet Inc. invest heavily in AI and stocks have rallied on the back of it.
Today's show features:

• Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
• Sarah Frier, Bloomberg News Big Tech Team Leader
• Rachel Metz, Bloomberg News AI Reporter
• Mitch Berlin, EY Americas Vice Chair, EY-Parthenon on state of the C-suite amid geopolitical uncertainty and questions about AI

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