Bloomberg Businessweek

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Candice Safdieh, Founder and CEO of Snoga Athletics, discusses meeting the need for modest fashion in the athletic industry.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."

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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Bloomberg Intelligence Senior Logistics Analyst Lee Klaskow breaks down FedEx shares falling on Friday after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments.
Adjusted earnings are now expected to be in the range of $18 to $18.60 per share this fiscal year, below the $18.95 average analyst estimate. FedEx also cautioned that revenue may be slightly down versus the prior year, compared to its previous expectation that sales would be roughly flat.
FedEx is the latest US company to sound the alarm amid weakening consumer confidence and potential fallout from President Donald Trump’s escalating trade war. The parcel company, considered an economic bellwether because of its exposure to a broad swath of the global economy, said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.
Siemens Healthineers CFO Jochen Schmitz and Bloomberg News Senior Editor Nina Trentmann talk about tariffs and supply concerns for the medical technology company. Josh Weinstein, CEO of Carnival, shares his thoughts on earnings and the impact of geopolitical matters on the cruise business. HPE CEO Antonio Neri explains how the market should be viewing AI technology. Jeremy Jansen, Managing Director of Supply Chain Finance at Wells Fargo, discusses supply chain concerns and tariffs creating uncertainty for many businesses and consumers. And we Drive to the Close with Marta Norton, Chief Investment Strategist at Empower.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Journalist Benjamin Wallace discusses his book The Mysterious Mr. Nakamoto: A Fifteen-Year Quest to Unmask the Secret Genius Behind Crypto.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg News Economics Editor Molly Smith and Bloomberg Opinion Columnist Conor Sen discuss how a surprisingly strong reading on the US housing market added fuel to stocks just a day after Federal Reserve Chair Jerome Powell downplayed mounting economic concerns amid President Donald Trump’s trade war.
Equities rose as data showed US existing-home sales topped estimates and the jobs market remained fairly resilient. While the Federal Reserve kept its benchmark rate steady at its meeting this week, investors are betting that the central bank will still likely cut rates this year. The yield on the benchmark 10-year Treasury fell Wednesday.
Bloomberg News US Sports Business Reporter Randall Williams talks about the Boston Celtics being bought by Chisholm-led group in $6.1 billion deal. Bloomberg Originals Chief Correspondent Jason Kelly shares the details of the 10th annual Brackets for a Cause charity competition. Peter Atwater, Adjunct Professor of Economics at William & Mary, explains why it's investor vulnerability rather than uncertainty that matters. And we Drive to the Close with Paisley Nardini, Asset Allocation Strategist at Simplify Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey and Veronica Willis, Global Investment Strategist at Wells Fargo Investment Institute, discuss Federal Reserve officials holding their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for slower economic growth and higher inflation.
The Federal Open Market Committee voted on Wednesday to keep the benchmark federal funds rate in a range of 4.25%-4.5%, and said it would further slow the pace at which it is reducing its balance sheet. Governor Christopher Waller, who supported holding rates steady, dissented from the decision over the balance sheet move.
The decision to hold rates steady comes as President Donald Trump’s ambitious and frequently erratic policy agenda has placed the economy, and the Fed’s ability to keep it on track, under increasing pressure. Trump’s ever-changing plans to levy tariffs on US trading partners have stoked fears of an economic slowdown and raised fresh worries over inflation - a combination that could pull policymakers in opposite directions.
Ryan Detrick, Chief Market Strategist at the Carson Group, provides a technical analysis of the markets. Journalist Charles Hecker discusses his book Zero Sum: The Arc of International Business in Russia. Bloomberg Businessweek Columnist Max Chafkin discusses Elon Musk’s X raising close to $1 billion in fresh equity funding.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, caught between mounting concerns that the economy is slowing and inflation could remain stubbornly high.
Chair Jerome Powell acknowledged the high degree of uncertainty from President Donald Trump’s significant policy changes, but repeated the central bank is not in a hurry to adjust borrowing costs. He said officials can wait for greater clarity on the impact of those policies on the economy before acting.

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Arash Hashemi, Co-Founder of Kaizen Food Company, discusses his new cookbook Shred Happens: So Easy, So Good: 100+ Protein-Packed Mediterranean Favorites with a Low-Carb Twist; A Cookbook. Christian Hoffmann, Head of Fixed-Income at Thornburg Investment Management, shares his thoughts on inflation, the Fed and recession concerns.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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Blomberg News Reporter Tyler Kendall and Angela Stent, Senior Fellow at Brookings Institution, discuss Russian President Vladimir Putin and President Donald Trump agreeing that the movement to peace will begin with an energy and infrastructure ceasefire, according to a US readout of the conversation.
Vladimir Putin committed in a phone call with Donald Trump to limit Russian attacks on Ukrainian energy infrastructure for 30 days but declined to accept the broader ceasefire that the US sought. The Russian and US presidents agreed that the two sides would begin negotiations on a maritime ceasefire in the Black Sea as well as a “full ceasefire and permanent peace,” the White House said in a statement after the call ended. Those talks will begin “immediately” in the Middle East,
Bloomberg Economics US Economist Stuart Paul and Steven Skancke, Chief Economic Advisor at Keel Point, provide a Fed decision preview. Michael Stadler, CTO of Xendee, explains how microgrids can make way for an electrified transportation system for Bloomberg Plugged-In. And Drive to the Close with Scott Ladner, CIO at Horizon Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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