Bloomberg Businessweek

The time of the corporate landlord as America’s housing villain was supposed to be over. Money managers like Blackstone Inc. and Pretium, who binged on single-family rentals in the wake of the financial crisis took blow after blow as housing prices shot up. But the cohort has since cooled its buying, and the attacks slowed. But President Donald Trump on Wednesday brought the issue front-and-center when he pledged in a social media post to stop institutional investors from buying more homes.

Stephen Scherr, Co-President at Pretium, weighs in on the president's threats against his business and how the country's leading owners of single-family rental homes might have to reposition themselves in the near-term. Stephen speaks with Tim Stenovec, Emily Graffeo and Bloomberg News Chief Wall Street Correspondent Sri Natarajan on Bloomberg Businessweek Daily.

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President Donald Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investigation to pressure and intimidate the central bank.

Senator Thom Tillis, a key Republican on the Banking Committee who isn’t running for reelection, vowed quickly Sunday night to oppose any Trump nominees to the Fed until the matter is resolved. Other Republican senators, including former Bridgewater Associates CEO Dave McCormick, offered more measured pushback on Monday.

Tillis’s threat is a potential roadblock to Trump’s plans to bend the bank to his will. Opposition from Tillis would likely deadlock any Fed nominee on the Senate Banking Committee, which is divided 13-11 between the two parties. And under current Senate rules, it takes 60 votes to successfully discharge a contentious nomination from a committee and Democratic senators are highly unlikely to come to Trump’s aid.

Senate Majority Leader John Thune said the threat of a legal battle with the Fed could make confirming Fed nominees “challenging.”

Today's show features:

• Heather Long, Chief Economist at Navy Federal Credit Union, on Federal Reserve independence and the health of the American consumer
• Aaron Kennon, Chief Executive Officer of Clear Harbor Asset Management on the US monetary policy outlook, and whether bullish sentiment for gold and AI will persist
• Bloomberg News Consumer Finance Reporter Paige Smith on President Donald Trump’s call for a cap of 10% on credit-card interest rates
• Bloomberg News National Security Team Leader Wadhams on the latest developments in Iran and US options as it mulls whether to pursue new military action

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Barnes & Noble is the largest retail bookseller in the United States. The Company has approximately 600 bookstores across the United States, as well as its online bookstore at BN.com, the NOOK Digital business, which offers both eBooks and an audio book subscriptions service, the SparkNotes educational service, and stationery and gift retailer Paper Source.
James Daunt serves as the CEO of Barnes & Noble. He discusses his stewardship and rejuvenation of the popular chain, as well as whether the Elliott Advisors-owned company might once again become a public company. James speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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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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Major US oil executives expressed caution to Donald Trump about reentering Venezuela, even as the president pressured their companies to spend at least $100 billion to revive the country’s crude oil production.
Trump convened nearly 20 industry representatives in the East Room of the White House on Friday and predicted they could come to an agreement “today or very shortly thereafter” to restart operations in the oil-rich Latin American country, following the brazen capture of leader Nicolás Maduro.
“If you don’t want to go in, just let me know, because I’ve got 25 people that aren’t here today that are willing to take your place,” Trump told the oil representatives.
Comments from some of the executives indicated the president may need to do more convincing. While many praised Trump and said they relished the opportunity resulting from last weekend’s military action, they stressed that hard work remained before they could make substantive investments. Exxon Mobil Corp. Chief Executive Officer Darren Woods said that Venezuela is currently “uninvestable.”
Today's show features:

• Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on oil executives’ White House visit with President Donald Trump
• Rockford Weitz, Professor of Practice & Director of the Maritime Studies Program at Tufts University's Fletcher School of Law and Diplomacy, on the latest developments in Venezuela and other global geopolitical hotspots
• Gregory Daco, Chief Economist at EY, on the December nonfarm payrolls report and the broader US economic outlook
• Katie Hubbard, President of US Capital Markets at Walton Global on President Donald Trump proposed ban on institutional residential real estate purchases and push to make Fannie Mae and Freddie Mac buy $200 billion in mortgage bonds

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Archer Aviation is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. The company is partnering with cities across the country to submit multiple applications to launch initial air taxi operations under the White House’s eVTOL Integration Pilot Program (eIPP), a first-of-its-kind public-private initiative led by the US Department of Transportation and Federal Aviation Administration to support the safe integration of air taxis in the US beginning as soon as this year.
 
Adam Goldstein is the founder of Archer and has served as its Chief Executive Officer and Chairman of the Board of Directors since the company was listed on the NYSE in 2021. He discusses the prospects for an expansive eVTOL rollout in the near-term with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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US President Donald Trump said he was directing the purchase of $200 billion in mortgage bonds, which he cast as his latest effort to bring down housing costs ahead of the November midterm election.

Trump announced the move on Thursday in a social media post. The director of the Federal Housing Finance Agency, Bill Pulte, said soon after that the president aims for Fannie Mae and Freddie Mac to execute the purchases.

“This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” Trump wrote in his post.
He added that his decision not to sell Fannie Mae and Freddie Mac during his first term allowed them to amass “$200 BILLION DOLLARS IN CASH” and that he was making his announcement “because of that.”

“It is one of my many steps in restoring Affordability, something that the Biden Administration absolutely destroyed,” the president said. Mortgage backed securities rallied relative to Treasuries on the news.

Fannie Mae and Freddie Mac have added billions of dollars of mortgage-backed securities and home loans to their balance sheets in recent months, fueling speculation that they’re trying to push down lending rates and boost their profitability ahead of a potential public offering.

Today's show features:

• Conor Sen, Bloomberg Opinion columnist and Founder of Peachtree Creek Investments, on his latest column about President Donald Trump's proposal to ban institutional investors from buying single-family homes
• Bloomberg Economics US and Canada Economist Stuart Paul on Thursday’s jobs data and what to expect from Friday’s nonfarm payrolls report and Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on key market indicators to watch in early 2026
• David Woo, Macro Strategist and former Bank of America Head of Global Interest Rates, Foreign Exchange, Emerging Markets Fixed Income Strategy & Economics Research
• Bloomberg News Technology Reporter Alexandra Levine on what appears to be the end of the effort to ban TikTok in the US with a sale to American investors

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Oshkosh Corporation builds what it calls "purpose-built equipment" to help people advance communities around the world. Headquartered in Wisconsin, Oshkosh employs more than 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products are found in more than 150 countries under the brands of JLG, Pierce, MAXIMETAL, Oshkosh S-Series, McNeilus, IMT, Jerr-Dan, Frontline Communications, Oshkosh Airport Products, Oshkosh AeroTech, Oshkosh Defense and Pratt Miller.
John Pfeifer has served as the company's president and CEO since 2021. He discuss what Oshkosh Corporation is showcasing at CES 2026 in Las Vegas when it comes to advanced technologies in autonomy, AI, connectivity and electrification. John speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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President Donald Trump said he would move to ban institutional investors from buying single-family homes, part of a push to address housing affordability ahead of this year’s midterm elections.
“People live in homes, not corporations,” Trump said in a social media post Wednesday announcing the effort, adding that he would expound on the plan at the World Economic Forum in Davos, Switzerland, later this month.
The news sent shares of homebuilders, including Toll Brothers Inc., Invitation Homes Inc., KB Home and PulteGroup Inc., down. Shares of Blackstone Inc. — a major investor in single-family homes in the US —fell by as much as 9.3%, though later pared some of those losses.
The initiative comes after Trump’s allies have repeatedly raised alarms that affordability has become a political albatross for the GOP heading into the November elections. Trump urged Republican lawmakers Tuesday to avoid losing control of the House this year, saying it would lead to his impeachment. There’s reason for the White House’s concern: Just 36% of Americans said they approved of Trump’s job performance in a Gallup poll released in December, about 2 percentage points higher than his personal low before his first term ended in January 2021. Nearly half of adults described current economic conditions as “poor.”
Today's show features:

• Bloomberg Intelligence Senior REITs and Commercial Real Estate Analyst Jeffrey Langbaum on President Donald Trump’s move to ban institutional investors from buying single-family homes
• Bloomberg News Corporate and Economic Statecraft Reporter Joe Deaux on the US seizure of a Russia-flagged ship and renewed concerns about potential action toward Greenland
• Francisco Rodriguez, Senior Research Fellow at the Center for Economic and Policy Research at the University of Denver’s Josef Korbel School of International Studies, on the future of Venezuela’s government and the administration of its oil assets
• Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan on Warner Bros. Discovery’s rejection of an amended takeover offer from Paramount Skydance and Versant’s shares facing pressure after its spinoff from Comcast

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It's been nearly three decades since Howard Capital Management developed a proprietary indicator, called the HCM-BuyLine, to help protect client assets. This tool overlays all separately managed portfolios, as well as proprietary Mutual Funds and ETFs in an effort to keep assets on the right side of the market. The HCM-BuyLine is based on a proprietary calculation of the strength of the market derived from the ratio of new highs to new lows on the New York and Nasdaq stock exchanges. The tool uses trend analysis – moving averages – to help identify the broad trend in the equity market and determine when to be in or out of the market.

Vance Howard, the founder and CEO of Howard Capital Management, discusses his investing outlook in 2026, the impact of recent US military action in Venezuela, and how to respond to key market trends based on the HCM-BuyLine. Vance speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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