Bloomberg Businessweek

With Federal Reserve officials signaling an extended hold on interest rates, investors and economists will look to Chair Jerome Powell this week for clues on what might eventually prompt the central bank to make a move, and when.

A fourth straight meeting without a cut could provoke another tirade from President Donald Trump. But policymakers have been clear: Before they can make a move they need the White House to resolve the big question marks around tariffs, immigration and taxes. Israel’s attacks on Iranian nuclear sites have also introduced another element of uncertainty for the global economy.

Frank Sorrentino, Founder and CEO of ConnectOne Bankcorp previews what the Fed may do at the next FOMC meeting. 

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President Donald Trump met with his national security team in Washington on Tuesday to discuss the escalating Middle East conflict, according to people familiar with the matter, fueling fresh speculation that the US is on the verge of joining Israel’s attack on Iran.

The meeting lasted over an hour and the White House provided no immediate statement afterward. Before gathering his advisers in the Situation Room, Trump posted a demand for Iran’s “UNCONDITIONAL SURRENDER” and warned of a possible strike against the country’s leader, Ayatollah Ali Khamenei. “We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there - We are not going to take him out (kill!), at least not for now,” Trump posted on social media.

Israel also sought to ratchet up pressure on Iran, signaling it will intensify a campaign of air strikes that have targeted the country’s nuclear facilities as well as military leaders and infrastructure. US weapons are seen as key to achieving a more complete destruction of the Islamic Republic’s atomic program than anything Israel can do alone.
The escalating war began with an Israeli attack late last week and has seen the sworn enemies trade missile salvos for five days. Trump departed early from the Group of Seven leaders meeting in Canada to deal with the crisis.
Today's show features:

• Bloomberg News Pentagon and National Security Reporter Tony Capaccio
• Dana Telsey, Founder, CEO and Chief Research Officer of Telsey Advisory Group
• Stamatis Tsantanis, Chairman & Chief Executive Officer of global shipping companies Seanergy Maritime and United Maritime
• Travis McCready, JLL’s Head of Industries, Leasing Advisor

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Having experienced the devastating consequences of online criminal activity, founder and CEO, Andrew Bud, vowed to find a safe and secure way for organizations to verify the genuine presence of an individual. To enable this to happen it was necessary to ensure that the person setting up an online account was an actual person, and then authenticate that person whenever they return to use a digital service or verify their identity at secure locations.

The Big Idea was to use facial biometrics and controlled illumination to assure the genuine presence of a human being. Why facial biometrics? Because most government-issued identity documents contain a picture of a face and an identity can be verified against a trusted source. Why controlled illumination? Because it’s completely effortless for the user – with no instructions to follow or complex actions required. Just a brief, simple selfie capture that takes just seconds to complete. This gives the most secure assurance that an individual is not an imposter, a photo, a mask, a deepfake video, or a multitude of other sophisticated cyber attack tactics being used by criminal gangs worldwide. iProov does facial verification, not facial recognition. The difference is, with verification tech like iProov's, the user consents, and derives a benefit from it.

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US President Donald Trump said Iran wants to talk about deescalating the conflict with Israel even as the two sides exchanged deadly fire for the fourth consecutive day.
Asked about reports that Iran wants to work toward a resolution, Trump responded “yeah,” and added, “they’d like to talk, but they should have done that before. ”It’s painful for both parties but I would say that Iran is not winning this war,” Trump said at the start of a meeting with Canadian Prime Minister Mark Carney at a Group of Seven leaders summit in Kananaskis, Alberta. Asked if the US would get more involved militarily, Trump said he didn’t want to discuss it.

The Wall Street Journal reported earlier Monday that Tehran is signaling it wants to de-escalate hostilities with Israel and is willing to resume nuclear talks with the US as long as Washington doesn’t join the Israeli attacks. It cited Middle Eastern and European officials it didn’t identify. A similar report by Reuters says Iran conveyed the message through Qatar, Saudi Arabia and Oman.

Oil fell on the WSJ report, with Brent futures dropping around 4% after rising over 10% Friday. US Treasuries pared earlier drops and European bonds gained as traders reacted to diminishing concerns about inflation.

About the same time as Trump was speaking, Iran’s semi-official Mehr News Agency cited a senior security official as saying the country is prepared to deliver a “major blow” to Israel following its recent strikes on Iranian cities and targets. Shortly afterward, air raid sirens sounded as Israel reported it had detected more missile launches.
Today's show features interviews from the Bloomberg Technology Summit in San Francisco:

• Bloomberg News National Security Team Leader Nick Wadhams on latest in Israel-Iran Conflict and Bloomberg News Correspondent David Gura on Israel/Iran Conflict and G7 Meeting
• Beth Fouhy, Partner at FGS Global, on latest ICE Deportations, US Domestic News
• Rob Thummel, Senior Portfolio Manager at Tortoise Capital on energy markets
• and we Drive to the Close with Chris Fasciano, Chief Market Strategist at Commonwealth

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Axiom Space CEO Tejpaul Bhatia joins to discuss his company's place in the "space economy" and the delay to the company's planned launch with NASA.

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Featuring some of our favorite conversations from Cisco Live 2025 in San Diego.

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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Iran fired hundreds of missiles in retaliation for Israel’s airstrikes that targeted Tehran’s military and nuclear infrastructure, broadening a conflict that threatens to engulf the region and roil global markets.

Israel said it identified missiles launched from the Islamic Republic and reported explosions from interceptions and falling debris from incoming projectiles. An Israeli official said US forces are helping to intercept the Iranian missiles. The Iranian attack, which Tehran said entailed hundreds of ballistic missiles, is the most forceful step yet by Tehran since Israel’s overnight raids killed top Iranian generals and badly damaged key military infrastructure.

While it’s unclear if Israel’s air defenses have been pierced, markets took another hit from the surge in tensions. US stocks fell to new session lows, oil prices extended their gains above 7%, while the US dollar and gold rose.
This episode features:

• Gregg Roman, Executive Director of the Middle East Forum
• Dana Stroul, Senior Fellow and Director of Research at the the Washington Institute for Near East Policy
• Jay Neveloff, Partner and Chair of Real Estate, US at Herbert Smith Freehills Kramer
• Elissa Sangster, Chief Executive Officer of the Forté Foundation

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Bridge Bank, the technology and innovation division of Western Alliance Bank, offers a full spectrum of commercial banking services with specialized expertise focused on life sciences and technology and innovation companies at every stage in their life cycle, from startup to IPO and beyond. The company serves the private equity and venture capital communities by providing banking solutions for portfolio companies and funds, plus banking solutions for small to mid-size businesses in the Bay Area.

Bob Curley, CEO of Bridge Bank and Deputy Chief Banking Officer of Regional Banking at Western Alliance discusses key financing trends among early stage companies and the broader appetite for IPOs.

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

More than 200 bodies have been recovered at the crash site of a London-bound Boeing Co. 787 Dreamliner operated by Air India, in a disaster that has turned 2025 into one of the deadliest years in the past decade for civil aviation.
Officials didn’t immediately say how many of the dead were passengers, crew or area residents, but said the toll could rise as emergency workers comb through the wreckage.
There was at least one survivor in the crash, India’s federal home minister Amit Shah told reporters in Ahmedabad. Shah, who met with the survivor and visited the crash site, said the official death toll will be announced after DNA verification.
Flight AI171 was carrying 242 passengers and crew, most of whom were Indian and British nationals, when it crashed shortly after taking off in the western city of Ahmedabad.
Today's show features:

• Bloomberg Intelligence Senior Aerospace, Defense & Airlines Analyst George Ferguson on the Air India crash involving a Boeing jet
• Jayati Bharadwaj, FX & Macro Strategist at TD Securities on US dollar struggles
• Bloomberg News Senior Editor, Equities Americas Eric Weiner
• Christina Padgett, Associate Managing Director, Head of Leveraged Finance Research and Analytics, Moody's Investors

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Mountainside, a collection of addiction treatment centers in the Northeastern United States, has been in operation for nearly three decades, running on the belief that everyone is capable of achieving recovery. The organization has engaged the national not-for-profit Shatterproof to help create a short film entitled "NO MORE SECRETS" to serve as a call to action to help end the stigma associated with addiction.

Jana Wu, Senior Clinician at Mountainside Treatment Center and Dr. Manassa Hany, Director of Addiction Psychology at Northwell detail their work with Shatterproof and discuss the film's upcoming premier in New York City.

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