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.

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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

Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.” He said interest rates are the Fed’s “predominant tool” for achieving its mandate, but stopped short of signaling he would support an interest-rate hike when Fed officials gather in September. Bloomberg Businessweek Daily has the details on Warsh's first major address at Jackson Hole since becoming Fed Chair 3 months ago.

On today's episode:

• Mike McKee, Bloomberg News' Economics & Policy Correspondent
• Linda Hasenfratz, Linamar Executive Chair
• Michelle Jamrisko, Bloomberg News White House & National Security Editor
• Jessica Nix, Bloomberg News Health Reporter

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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

Congress in 2022 tweaked the rules governing 529 plans, letting holders roll up to $35,000 in unused funds into a Roth IRA. As a result, savers are pouring money into the accounts after hitting the annual limits for contributing to their retirement plans — treating the 529 as a backdoor for funding a Roth IRA. One in 4 parents surveyed in Fidelity’s 2026 College Savings Indicator Study said they are now more likely to open a 529 account given the rollover and alternative uses. Bloomberg News Personal Finance Reporter Sarah Foster discusses.

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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 

Nvidia, the chipmaker at the heart of the artificial intelligence boom, said revenue will grow about 70% next fiscal year, easing concerns that AI spending is poised to lose momentum. The projected sales growth for fiscal 2028 outstrips analysts’ estimates for a 45% jump, according to data compiled by Bloomberg. Nvidia shares rose as much as 7.6% to $225.50 after trading got underway in New York on Thursday, adding about $362 billion in market value. The stock was already up 12% this year through Wednesday’s close. 

On today’s episode: 

• Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence
• Matthew O’Neill, Co-Producer & Co-Director, ‘Can’t Look Away: The Case Against Social Media’
• Nina Trentmann, Bloomberg News Senior Editor and CFO Briefing Editor & Eric Aboaf, CFO and EVP at S&P Global 
• Patrick Pan, Global Head of Marketing at X-Lab

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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

The LDS church, widely known as the Mormon Church, has assembled a sprawling real estate empire over the last century. Through a web of subsidiaries, it has accumulated billions of dollars of properties from farms and ranches to apartments and hotels, becoming one of America’s largest — and least transparent — landowners. Behind those holdings is a highly sophisticated investment operation more akin to a sovereign wealth fund than a religious institution, according to brokers and investors who have worked with the church.  Natalie Wong, Bloomberg News Commercial Real Estate Reporter discusses her reporting.

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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

NOTE: The live program this podcast was created with originally aired prior to Nvidia's earnings call, in which CFO Colette Kress said she expects the company to "grow revenue by approximately 70% in fiscal 2028." This sent shares higher in afterhours trading. You can read the full story here.

Nvidia delivered a sales forecast that left some investors underwhelmed, adding to concerns about the momentum of AI spending. Revenue in the current period will be $108 billion, plus or minus 2%, the company said in a statement Wednesday. Though analysts had estimated $105.2 billion on average, some projections exceeded $110 billion, according to data compiled by Bloomberg. Gross margin, the percentage of sales remaining after deducting the cost of production, will be roughly 74%.

Today's podcast includes:

• Kunjan Sobjani, Bloomberg Intelligence Senior Semiconductor Analyst and Ed Ludlow, Bloomberg Tech Host
• Tim Archer, CEO of Lam Research with Ed Ludlow
• Alexandra Levine, Bloomberg News Tech Reporter AND Stacey Steinberg, Professor at the University of Florida Levin College of Law on Meta
• Jennie Welch, Bloomberg Economics Chief Geoeconomics Analyst

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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.

Private aviation is no longer a niche luxury, it's becoming a major business story. Global private jet activity reached a record 3.9 million flights in 2025, up 34% from pre-pandemic levels, while airports are making major investments to capitalize on growing demand for premium travel experiences. The trend is playing out across the country. As President of VistaJet US, Leona Qi has a unique perspective on these shifts. Vista flies many of the executives, entrepreneurs and investors making expansion and investment decisions around the world, giving the company an early view into where business activity and capital are moving before those trends appear in traditional economic data.

For more, Tim Stenovec and guest host Norah Mulinda spoke with Leona Qi, President of VistaJet.

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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

Stanley Druckenmiller suggested that US Treasury Secretary Scott Bessent is making a mistake by trying to push down yields in the bond market. Bessent has recently pledged to increase the Treasury’s purchases of long-dated bonds, a move widely seen as an attempt to push down yields in the world’s most important debt market. Druckenmiller, who worked alongside Bessent and George Soros and remains one of the most influential voices on Wall Street, wrote in an opinion column “governments defending prices against fundamentals always lose,”

On today's episode:

• Erik Schatzker, Bloomberg News Economy Editorial Director
• Axel Merk, Merk Investments President and CIO
• Laura Ullrich, Indeed Hiring Lab Director of Economic Research
• Bob Mumgaard, Commonwealth Fusion Systems CEO

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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.

Donald Trump's family has won preliminary approval to start a national bank, riding a wave of deregulation under the Trump administration. The Office of the Comptroller of the Currency has approved 22 bank charter applications in the first 19 months of the president's second term, with many going to fintech and digital-asset firms. The Trump family's proposed bank, World Liberty Financial, plans to expand the use of its dollar-backed stablecoin, USD1, and store the assets backing it in the bank, potentially cutting costs and adding legitimacy to the stablecoin.

For more, Norah Mulinda and Tim Stenovec speak with Paige Smith, Bloomberg News Finance Reporter

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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.

Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of an “economic D-Day” campaign. Bessent said countries will face a specific timeline to shut down links with Iran or face unilateral US punishment, and the US is launching an economic onslaught against Iran’s financial connections around the globe. The US unveiled sanctions against more than 60 entities, focusing on five of Iran’s “most vital lifelines,” including digital assets, technology, gold, aviation and shipping.

On this episode, Norah Mulinda and Tim Stenovec speak with:

• A roundtable of Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist / Mike McKee, Bloomberg TV & Radio International Economics & Policy Correspondent / Nancy Cook, Bloomberg News Senior National Political Correspondent
• Melissa Shin, Bloomberg News Toronto Bureau Chief On US-Canada tariffs
• Chris Levesque, CEO, TerraPower AND Will Wade, Bloomberg News Energy Reporter on Gates-Backed TerraPower to Announce Second Nuclear Plant This Year
• Lisa K. Lippman, Real Estate Agent, Brown Harris Stevens on fall residential estate outlook, regional trends and demand

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