Bloomberg Businessweek

Katie Kirkpatrick, President and CEO, at the Metro Atlanta Chamber, discusses how Atlanta is balancing its explosive growth and global event visibility with forward-thinking economic and real estate development

The Metro Atlanta Chamber (MAC) is a 165-year-old organization representing businesses, colleges and universities, and nonprofits across the 29-county region that makes up the nation’s sixth-largest market. Member companies invest in MAC’s work to attract and retain business, ensure a business-friendly climate through public policy efforts and market the region as a great place to live, work and play

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White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown.
Vought told House lawmakers Wednesday that some federal agencies will move to terminate workers within one to two days, according to people familiar with the remarks, who requested anonymity to discuss a private meeting.
White House Press Secretary Karoline Leavitt told reporters that layoffs would happen within “two days, imminent, very soon” but declined to give any details about what agencies or positions would be targeted.
President Donald Trump and his team have moved quickly to capitalize on the shutdown to shrink the size of the federal government.
The administration earlier Wednesday halted $18 billion in federal funding for infrastructure projects in New York City, including for the Second Avenue Subway project and Hudson Tunnel Project.
Today's show features:

• Bloomberg Intelligence Senior Policy Analyst Nathan Dean on the US Government Shutting Down
• Her Excellency Noor bint Ali Alkhulaif, CEO of Bahrain Economic Development Board and Kingdom of Bahrain’s Minister of Sustainable Development
• Angie Franks, CEO of Kalderos, and Bloomberg News Health Reporter Damian Garde on the Trump administration securing drug pricing deals with pharmaceutical companies
• Drive to the Close with Alexis Browne Roberts, COO & Portfolio Manager at Alexis Investment Partners

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April Rudin, CEO of the Rudin Group, and Nick Rice, Director at Brunswick Group, have co-authored a new book called Wealth Management with a Difference, which is set for global release in late October. The book delves into a generational change taking place in the global wealth management industry, offering actionable insights and strategies for financial professionals to seize emerging opportunities.

As younger generations and women accumulate and inherit massive wealth and technological advancements reshape the industry, Wealth Management with a Difference gives firms and advisors information they need to adapt and thrive. It covers client relationships, business strategies, marketing, and technology, with expert commentary from over 80 leaders globally.

April and Nick detail their findings with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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President Donald Trump threatened mass firings of federal workers as the US hurtles toward a shutdown with Democrats and Republicans at an impasse over funding the government.

“We may do a lot and that’s only because of the Democrats,” Trump said in response to a question about the number of government employees who could be dismissed during a shutdown. The White House last week directed agencies to draw up plans for widespread firings if the government closed down. So far, no agencies have explicitly called for terminations in their shutdown plans. 

With just hours to go until a midnight deadline, the deadlock over spending threatens to paralyze many US government operations for the first time in nearly seven years, causing the suspension of services for Americans and paychecks for federal workers. As many as 750,000 federal workers could be temporarily furloughed, even if Trump doesn’t proceed with permanent dismissals, the nonpartisan Congressional Budget Office estimated.

Today's show features:

• Bloomberg Businessweek Senior Reporter Max Chafkin and Bloomberg Intelligence Senior Policy Analyst Nathan Dean on Wednesday's government shutdown deadline and Russell Vought’s influence on the negotiations
• Kevin Gordon, Senior Investment Strategist for Charles Schwab, on market concentration concerns
• Dr. Jenny Rooke, Founder and Managing Director of Genoa Ventures, on the funding environment for biotech
• Jan van Eck, CEO of VanEck, on the market for ETFs and mutual funds, and the boom in gold

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Udemy is in the midst of pivoting from the leading online learning platform to is an AI-powered skills acceleration platform built for individuals and organizations. The company says it has expanded its focus from learning to "reskilling," which includes assessment, role plays, and new learning experiences. The company runs what it calls a "two-sided" business: a marketplace for consumers as well as Udemy Business for enterprises, which is designed to help businesses become more competitive.

Hugo Sarrazin, the company's new CEO as of March 2025, breaks down the key trends and skills that are driving participation on the platform. Hugo speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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President Donald Trump and Israeli Prime Minister Benjamin Netanyahu said they had agreed to a 20-point plan designed to end the war in Gaza, though the prospects for peace remained unclear without the direct involvement of Hamas.

Trump said the framework had the support of other leaders from the Middle East and Muslim majority nations during a press conference Monday alongside Netanyahu, suggesting it could lay the ground for a broader peace in the region.

Still, the proposal — which mandates Hamas have no role in the future of Gaza — must be accepted by the militant group, which would need to agree to substantial concessions. Hamas, which sparked the war with an Oct. 7, 2023, attack on Israel said ahead of the Trump-Netanyahu meeting that it had not yet seen the plan and would need to study the proposal.
Trump warned that “if Hamas rejects the deal” then Netanyahu would “have our full backing” to destroy the militant group.

Today's show features:

• Bloomberg News Jerusalem Reporter Dan Williams on Israeli Prime Minister Benjamin Netanyahu’s meeting with President Donald Trump
• Josh Weinstein, CEO of Carnival Corporation, on quarterly earnings and the outlook
• Joyce Huang, Senior Client Portfolio Manager for Fixed Income, American Century Investments, on the fixed income market
• Bloomberg News Managing Editor for the Deals Team Liana Baker on Electronic Arts agreeing to sell itself to Saudi Arabia's sovereign wealth fund and private equity firms in a deal that values the company at about $55 billion

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The Katalyst Training System applies cutting-edge EMS (electrical muscle stimulation) technology to a lightweight, portable suit and pairs it with guided workouts from its mobile app. Throughout the workout, the Katalyst Suit delivers low-frequency impulses to each major muscle group. These impulses imitate the basic mechanisms your brain uses to activate muscles to help you train more efficiently, effectively, and safely. Katalyst is FDA cleared for home use in the US.

Brendan Kennedy, the CEO of Mont y Mer, which is the parent company of Katalyst, explains the business model that he believes will allow this technology to reach more people around the world. Brendan speaks with Carol Massar, Tim Stenovec and Bloomberg Pursuits Editor Chris Rovzar 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.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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US personal spending rose at a solid clip in August for a third month, suggesting consumers continued to power the economy despite elevated inflation.

Consumer spending, adjusted for changes in prices, increased 0.4% last month, according to Bureau of Economic Analysis data out Friday.

The consecutive strong gains in consumer spending add to evidence of a solid economy in the current quarter, building upon even greater growth in the prior period than previously thought. However, maintaining such momentum hinges in large part on the labor market, which has shown signs of faltering with slower hiring and more moderate wage gains.

Americans are also still dealing with sticky inflation, which risks staying elevated as President Donald Trump’s tariffs trickle through the economy. The so-called core personal consumption expenditures price index, which excludes food and energy items and is favored by the Federal Reserve, rose 0.2% from July. From the prior year, the gauge held stubbornly at 2.9%.
While many companies initially held off on raising prices as they worked through built-up inventories, profit margins are at risk unless firms pass along some of the higher costs.

Today's show features:

• Elizabeth Renter, Senior Economist at NerdWallet, and Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee, on the August PCE report and the US labor market
• Bloomberg News Justice Department Reporter Chris Strohm on Former FBI Director James Comey being charged with lying to Congress and obstruction
• Bloomberg News Finance Reporter Max Abelson on revelations about the support network for Jeffrey Epstein
• Carol Schleif, Chief Market Strategist at BMO Private Wealth, on stock market valuations

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The Virtue Foundation is a nonprofit organization with Special Consultative Status to the United Nations. Its mission is to increase awareness, inspire action and render assistance through initiatives on healthcare, education, and women and justice programs, as well as innovative work in research and analytics. Composed primarily of volunteers, Virtue Foundation is guided by the principle that true global change must begin within each of us—one person at a time, one act at a time.

Dr. Joan LaRovere, the Co-Founder and President of Virtue Foundation as well as the Interim Chief Medical Officer at Boston Children’s Hospital, discusses the work being done by her NGO and how it is helping to create an efficient market for global health using data science and artificial intelligence to efficiently match need and resources in the low and low-middle income countries. Dr. LaRovere speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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