Bloomberg Businessweek

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Amazon Web Services, the world’s largest cloud provider, said issues continued to plague its operations after a widespread outage degraded services for a range of customers including government agencies, AI companies and financial platforms.
Hours after saying Monday that it had mostly recovered from the database network issue, AWS said some users were still struggling to connect with rented servers. In an update on its health dashboard, the company said multiple AWS services in the East Coast region had experienced network connectivity issues.“We continue to observe recovery across all AWS services,” the company said at 3:15 p.m. on Monday.
Amazon.com Inc.’s service underpins a large chunk of the internet, accounting for about a third of the cloud market. Downdetector tracked disruptions at hundreds of sites, including for financial services outfits Venmo and Robinhood Markets Inc., Apple Inc.’s Apple Music and Apple TV, software companies such as Zoom Communications Inc., Salesforce Inc. and Snowflake Inc., food services giants including McDonald’s Corp. and gaming companies like Epic Games Inc. Even Amazon’s own services, including Alexa and the Ring home security system, weren’t immune.
Today's show features:

• Bloomberg Big Tech team leader Sarah Frier on the AWS service disruption
• Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple hitting its first record day of the year
  Bloomberg Businessweek national correspondent Josh Green on his Businessweek profile of California Governor Gavin Newsom 
• Herman Chan, Bloomberg Intelligence senior analyst & David George, senior research analyst at Baird on Zions earnings and regional banks
• Gary Evans, Chairman and CEO of United States Antimony Corp

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The global battle among the three dominant digital powers―the United States, China, and the European Union―is intensifying. All three regimes are racing to regulate tech companies, with each advancing a competing vision for the digital economy while attempting to expand its sphere of influence in the digital world. Across the globe, people dependent on digital technologies have become increasingly alarmed that their rapid adoption and transformation have ushered in an exceedingly concentrated economy where a few powerful companies control vast economic wealth and political power, undermine data privacy, and widen the gap between economic winners and losers.

Anu Bradford, Henry L. Moses Professor of Law and International Organization at Columbia Law School, explores a rivalry that will shape the world in the decades to come and breaks down her highly acclaimed book, "Digital Empires: The Global Battle to Regulate Technology." Professor Bradford speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily.

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Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them.

Follow the podcast wherever you listen, so you don't miss an episode.
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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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A jittery week on Wall Street ended on a positive note for stocks as President Donald Trump’s remarks soothed anxiety around trade tensions while regional banks rebounded. Bonds, gold and silver fell.

The bounce in equities sent the S&P 500 to its best week since August, with Trump expressing optimism that talks with Chinese officials could yield an agreement to defuse the tariff spat between the world’s two biggest economies. A batch of solid results from various regional lenders lifted the industry after a rout triggered by concern over credit quality in the economy.

The White House signaled efforts to calm fears of a full-blown trade war that could have a seismic effect on the global economy. “I think we’re doing very well. I think we’re getting along with China,” Trump said. He also indicated that he believed his planned meeting with President Xi Jinping this month would go ahead.

The S&P 500 added 0.5%. A closely watched exchange-traded fund tracking regional banks climbed 1.6%. Zions Bancorp and Western Alliance Bancorp - which had led the recent industry selloff - rallied at least 3.1%. Oracle Corp. sank about 7% on concerns about fulfilling AI cloud demand.

Treasury two-year yields rose from the lowest since 2022. The dollar was little changed at the end of its worst week since August.

Today's show features:
Winnie Cisar, Global Head of Strategy at CreditSights, on potential cracks in the US credit market
Katie Hubbard, Executive Vice President of Capital Markets at Walton Global, on the US real estate market
Dana Telsey, Founder, CEO and Chief Research Officer of Telsey Advisory Group, on the health of the American consumer and the retail sector
Angela Stent, Senior Fellow at the American Enterprise Institute and Author of “Putin's World,” on President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy and planned summit with Russian President Vladimir Putin

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Professor Deblina Sarkar leads a research group at the MIT Media Lab developing microscopic technologies that work inside the human body. Her team creates ultra-small sensors and antennas, with some able to operate inside cells, to help detect disease early and enable low-power, smart health devices. This work blends biology, electronics, and AI, and has powerful implications for women’s health, where conditions are often underdiagnosed. Professor Sarkar explains how these nascent technologies are enabling earlier detection and more personalized care with Carol Massar and David Gura on Bloomberg Businessweek Daily.

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US President Donald Trump said he would hold a second meeting with Russian President Vladimir Putin at a yet-to-be determined date aimed at ending the war in Ukraine.
Trump and Putin agreed to meet in Budapest during a two-hour phone call on Thursday. The two leaders met in Alaska in August, but failed to reach a breakthrough.

“I believe great progress was made with today’s telephone conversation,” Trump posted on social media, saying that he and Putin would “see if we can bring this ‘inglorious’ War, between Russia and Ukraine, to an end.”
Kremlin foreign policy aide Yuri Ushakov confirmed that Putin and Trump discussed holding a summit meeting in Budapest. He told reporters in an audio message that the discussion was substantive and frank, and that Trump proposed holding the meeting in Budapest.

“We are ready!” Hungarian Prime Minister Viktor Orban posted on X in response, later saying he spoke to Trump by phone to prepare for the gathering.

The US and Russia will hold high-level staff talks next week before the leaders summit, with Washington’s delegation led by Secretary of State Marco Rubio. A location has not yet been decided, Trump said. Russian Foreign Minister Sergei Lavrov and Rubio plan to hold a call in the coming days, Ushakov said. The leaders discussed what US-Russia trade would be possible if the war ends, according to Trump.

The developments signal that Trump is willing to give diplomacy another chance before authorizing more aggressive steps against Moscow, even though his efforts thus far haven’t succeeded. The conversation took place a day before Trump’s White House meeting with Ukrainian President Volodymyr Zelenskiy, who has pressed the US president to sell his country long-range Tomahawk missiles that can strike deeper into Russian territory.

Today's show features:

• Bloomberg News White House & National Security Editor Michelle Jamrisko on Thursday’s call between US President Donald Trump and Russia’s Vladimir Putin ahead of Ukrainian leader Volodymyr Zelenskiy’s White House visit on Friday
• Lauren Goodwin, Chief Market Strategist at New York Life Investments, on gold’s latest rally and investing trends amid the US government shutdown
• Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman and Big Tech Team Leader Sarah Frier on the latest salvo in the AI talent war between Apple and Meta Platforms
• Bloomberg News Florida Correspondent Anna Kaiser on a pricey members club in Miami’s most exclusive office tower, which is also home to the likes of Citadel and Microsoft

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Teri Williams is President and Chief Operating Officer of OneUnited Bank. She is responsible for implementation of the Bank’s strategic initiatives, as well as the day-to-day operations. Under her leadership, OneUnited Bank has consolidated four (4) banks and launched a digital platform to create a powerful national brand supported by innovative technology, products and services. Under her leadership, the bank introduced new first of its kind AI driven conversational financial wellness app powered by Google to give personalized insights to help you make better financial decisions. WiseOne offered to ALL because 80% of people still use their first bank accounts. Their bottom line is to make Americans more financially literate.

Teri speaks with hosts Carol Massar and David Gura.

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A US judge has ordered the Trump administration to pause plans to fire thousands of federal workers during the government shutdown while labor unions challenge the move.The ruling on Wednesday from US District Judge Susan Illston in San Francisco follows layoff notices that have gone out to more than 4,100 federal employees since last week.

The order isn’t a final decision on the merits of the case. It means that more than two dozen federal agencies named in the case cannot send out new layoff notices if they involve programs that include labor union members that sued. The decision means the government must halt action on notices that already went out while the judge weighs whether to impose a longer-term block.

Today's show features:

• Laura Davison, Bloomberg Washington Deputy Bureau Chief, on Judge Blocks Federal Firings During Government Shutdown for Now
• Dan Letter, President and incoming CEO of Prologis, on earnings and the industrial real estate market
• Mizuho Senior Consumer Analyst David Bellinger on Walmart on Path to Trillion Dollar Status After OpenAI Alliance
• Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee and Bloomberg News Economics Editor Molly Smith on Beige Book and latest Eco Data

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Women currently control about one-third of the world's wealth and that figure is expected to rise to 50% by the end of the decade, according to research data from BlackRock. Women are also playing an increasingly large role in driving and engaging with the capital markets, and these statistics could indicate a coming structural shift for the financial services industry.

Jaime Magyera, the Head of BlackRock’s US Wealth Advisory business and Head of BlackRock’s Retirement business, discusses investing trends among high net-worth clients and why women will soon be the nation's key market drivers. Jaime speaks with Carol Massar and Isabelle Lee on Bloomberg Businessweek Daily.

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