Aon's initial 2026 margin guidance is slightly better than analyst estimates, on the heels of a solid fourth quarter. Bloomberg Intelligence notes that organic growth was in line with Wall Street as upside in reinsurance offset a miss in health. The 2025 result of 6% is close to the previous three years but better than peer Marsh. The consolidated adjusted operating margin beat consensus and expanded from a year earlier making the 2025 result also better than estimates.

Edmund Reese, Executive Vice President and Chief Financial Officer of Aon, discusses the key risks facing the firm in 2026 and how it is positioning itself to better serve clients and stakeholders amid global uncertainty. Edmund speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Aon's initial 2026 margin guidance is slightly better than analyst estimates, on the heels of a solid fourth quarter. Bloomberg Intelligence notes that organic growth was in line with Wall Street as upside in reinsurance offset a miss in health. The 2025 result of 6% is close to the previous three years but better than peer Marsh. The consolidated adjusted operating margin beat consensus and expanded from a year earlier making the 2025 result also better than estimates. Edmund Reese, Executive Vice President and Chief Financial Officer of Aon, discusses the key risks facing the firm in 2026 and how it is positioning itself to better serve clients and stakeholders amid global uncertainty. Edmund speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Aon CFO Edmund Reese on 4Q Earnings, Global Risk Outlook

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7e32e918-f3b6-4cc7-911c-b3e201755321/transcript

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

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

Bloomberg Businessweek Weekend - January 30th, 2026

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4e198207-56d9-4db3-9519-b3e2015039eb/transcript

The people, companies and trends shaping the global economy.


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


Kevin Warsh waited almost a decade before finally clinching President Donald Trump’s nomination to be chair of the Federal Reserve. He won’t need to wait as long before his first big test in the job.


Having won the race with a promise of “regime change” at the Fed, suggesting he would make significant changes, Warsh has pledged to shrink the Fed’s balance sheet and argued that a productivity boom driven by artificial intelligence will keep inflation low.


While that prognosis was enough to convince Trump, his Fed pick will now need to convince fellow policymakers and investors. After cutting rates three times late last year the Fed hit pause in January amid persistent inflation, signs of a stabilizing labor market and expectations for stronger growth in 2026. Traders aren’t pricing another rate cut until June, at the earliest.


The tension in Trump’s demand for cheaper borrowing costs may ultimately be resolved by a weakening labor market or lower inflation. Such a backdrop would greenlight Warsh to push for more rate cuts, and possibly win support from other policymakers.

Today's show features:
Bloomberg TV and Radio International Economics & Policy Correspondent Michael McKee on President Donald Trump’s intent to nominate Kevin Warsh to be the next chair of the Federal Reserve
Katy Kaminski, Chief Research Strategist and Portfolio Manager at AlphaSimplex Group, on the bond market and expectations for the Federal Reserve’s next leader
Jan van Eck, Chief Executive Officer of VanEck Funds, on the stock and commodities market outlook and investing through ETFs
Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on earnings from Exxon and Chevron, and the energy market amid unrest related to events in Iran and Venezuela

The people, companies and trends shaping the global economy.
 Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.
 Kevin Warsh waited almost a decade before finally clinching President Donald Trump&rsquo;s nomination to be chair of the Federal Reserve. He won&rsquo;t need to wait as long before his first big test in the job.
 Having won the race with a promise of &ldquo;regime change&rdquo; at the Fed, suggesting he would make significant changes, Warsh has pledged to shrink the Fed&rsquo;s balance sheet and argued that a productivity boom driven by artificial intelligence will keep inflation low.
 While that prognosis was enough to convince Trump, his Fed pick will now need to convince fellow policymakers and investors. After cutting rates three times late last year the Fed hit pause in January amid persistent inflation, signs of a stabilizing labor market and expectations for stronger growth in 2026. Traders aren&rsquo;t pricing another rate cut until June, at the earliest.
 The tension in Trump&rsquo;s demand for cheaper borrowing costs may ultimately be resolved by a weakening labor market or lower inflation. Such a backdrop would greenlight Warsh to push for more rate cuts, and possibly win support from other policymakers. Today's show features:
<ul>
<li>Bloomberg TV and Radio International Economics &amp; Policy Correspondent Michael McKee on President Donald Trump&rsquo;s intent to nominate Kevin Warsh to be the next chair of the Federal Reserve</li>
<li>Katy Kaminski, Chief Research Strategist and Portfolio Manager at AlphaSimplex Group, on the bond market and expectations for the Federal Reserve&rsquo;s next leader</li>
<li>Jan van Eck, Chief Executive Officer of VanEck Funds, on the stock and commodities market outlook and investing through ETFs</li>
<li>Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on earnings from Exxon and Chevron, and the energy market amid unrest related to events in Iran and Venezuela</li>
</ul>

Warsh Set to Face Early Reality Check as Trump’s Man at the Fed

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/da1b087c-563f-437d-bf24-b3e201779e4a/transcript

The Trump administration has pushed a sweeping policy agenda intended to hinder immigration. This has included a move in September to increase the fees on H-1B visa applications to $100,000 apiece, a staggering tenfold hike, along with other changes that have made the program less desirable to employers. Foreign-born residents are facing increasing hostility from Washington, regardless of their legal status. For many, the long-term viability of a career in Silicon Valley seems less certain than ever. 

India is trying to attract skilled professionals to return home with policies like Bharat-Talent and Bharat-Return, and some foreign-born tech workers are already pivoting to the world's most populous country, where the tech industry is maturing and offering new opportunities. Saritha Rai details these developments in a Bloomberg Businessweek magazine, and speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

The Trump administration has pushed a sweeping policy agenda intended to hinder immigration. This has included a move in September to increase the fees on H-1B visa applications to $100,000 apiece, a staggering tenfold hike, along with other changes that have made the program less desirable to employers. Foreign-born residents are facing increasing hostility from Washington, regardless of their legal status. For many, the long-term viability of a career in Silicon Valley seems less certain than ever. 
India is trying to attract skilled professionals to return home with policies like Bharat-Talent and Bharat-Return, and some foreign-born tech workers are already pivoting to the world's most populous country, where the tech industry is maturing and offering new opportunities. Saritha Rai details these developments in a Bloomberg Businessweek magazine, and speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Trump’s H-1B Chaos Is Fueling an AI Boom in Indian Tech Industry

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a2359bb1-c0e8-40f1-bcac-b3e10175c762/transcript

Aon CFO Edmund Reese on 4Q Earnings, Global Risk Outlook

In 1 playlist(s)

Bloomberg Businessweek

Social links

Follow podcast

Recent clips