Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. 
Bloomberg News Chief Technology Correspondent Mark Gurman discusses Apple’s upcoming artificial intelligence features arriving later than anticipated, missing the initial launch of its upcoming iPhone and iPad software overhauls but giving the company more time to fix bugs. Bloomberg Intelligence Senior Restaurant Analyst Mike Halen breaks down McDonald's earnings offset by a traffic decline due to weaker consumer spending. Rob Nichols, President of the American Bankers Association, shares his thoughts on the banking sector and regulatory challenges. Jon Vander Ark, CEO of Republic Services, talks earnings and the transition from garbage industry to environmental services. And we Drive to the Close with Cheryl Smith, Portfolio Manager at Trillium Asset Management.
Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg News Chief Technology Correspondent Mark Gurman discusses Apple’s upcoming artificial intelligence features arriving later than anticipated, missing the initial launch of its upcoming iPhone and iPad software overhauls but giving the company more time to fix bugs. Bloomberg Intelligence Senior Restaurant Analyst Mike Halen breaks down McDonald's earnings offset by a traffic decline due to weaker consumer spending. Rob Nichols, President of the American Bankers Association, shares his thoughts on the banking sector and regulatory challenges. Jon Vander Ark, CEO of Republic Services, talks earnings and the transition from garbage industry to environmental services. And we Drive to the Close with Cheryl Smith, Portfolio Manager at Trillium Asset Management. Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.

Listen for reporting from the magazine that helps global leaders stay ahead. 

Hosts Carol Massar and Tim Stenovec bring you insight on the people, companies and trends shaping today's complex economy.  You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec bring you insight on the people, companies and trends shaping today's complex economy.&nbsp; You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

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

Apple’s AI Upgrades to Miss Initial Launch of iOS 18 Overhaul

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b7547144-8e27-46f4-bc20-b1bc01492d0d/transcript

There are many different narratives around travel uncertainty and issues, stretching from TSA staffing to storms to the war in Iran and its impact on the airline industry. Many of them are false or at least as it relates to business travel. Navan's agentic-AI tools, which ease the customer experience and can deliver up to 15% median savings on travel budgets, should continue to disrupt legacy providers in the corporate-booking space -- as evidenced by the company turning free-cash-flow positive on the back of 4Q's 42% gross bookings volume growth. Management noted no current impact on the business from the geopolitical environment or TSA disruptions.

Ariel Cohen is CEO at Navan. He discusses the data into the health of the corporate traveler.

There are many different narratives around travel uncertainty and issues, stretching from TSA staffing to storms to the war in Iran and its impact on the airline industry. Many of them are false or at least as it relates to business travel. Navan's agentic-AI tools, which ease the customer experience and can deliver up to 15% median savings on travel budgets, should continue to disrupt legacy providers in the corporate-booking space -- as evidenced by the company turning free-cash-flow positive on the back of 4Q's 42% gross bookings volume growth. Management noted no current impact on the business from the geopolitical environment or TSA disruptions. Ariel Cohen is CEO at Navan. He discusses the data into the health of the corporate traveler.

Navan's AI Travel-Booking Tools Displace Legacy Providers

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/daeca905-dec9-4b19-9ece-b42d013faca3/transcript

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
 
US economic activity continued to increase at a slight-to-modest pace across most regions as the war with Iran generated a new wave of uncertainty and higher energy costs, the Federal Reserve said.

Price growth remained moderate overall, but energy and fuel costs rose sharply in all 12 Fed districts, the central bank reported in its Beige Book survey of regional business contacts released Wednesday.

“The conflict in the Middle East was cited as a major source of uncertainty that complicated decision-making around hiring, pricing and capital investment, with many firms adopting a wait-and-see posture,” the Fed said.
The report featured information compiled by the New York Fed and collected through April 6, capturing the early effects of the war on the US economy.The report also noted that price pressures were bleeding beyond energy.

“Energy and fuel costs rose sharply in all districts, attributed to the Middle East conflict, leading to higher freight and shipping costs and higher prices for plastics, fertilizers and other petroleum-based products,” the Fed said. “Input cost pressures beyond energy-related increases were also widespread.”

The oil shock spurred by the conflict has sent gasoline prices in the US to their highest level since 2022, leading US inflation to jump in March. Several Fed policymakers have signaled a preference to keep borrowing costs steady for quite some time while they evaluate the economic data. Officials are expected to leave their benchmark rate unchanged when they meet on April 28-29, according to pricing in futures contracts.

Today's show features:
Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent on Fed's Beige Book
Nicola Willis, New Zealand Finance Minister, on how inflation will go 'much higher' if Iran war drags on
John Roberts, analyst at Mizuho, on the global chemicals market
Jennifer Rie, Bloomberg Intelligence Senior Antitrust Litigation Analyst on Live Nation Illegally monopolized ticketing market.
Michael Ha, Baird Senior Research Analyst and Avalon Pernell, Bloomberg News Equities Reporter on UnitedHealth’s Last Bear Stands Pat After Medicare Rate Hike

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>. &nbsp; US economic activity continued to increase at a slight-to-modest pace across most regions as the war with Iran generated a new wave of uncertainty and higher energy costs, the Federal Reserve said. Price growth remained moderate overall, but energy and fuel costs rose sharply in all 12 Fed districts, the central bank reported in its Beige Book survey of regional business contacts released Wednesday. &ldquo;The conflict in the Middle East was cited as a major source of uncertainty that complicated decision-making around hiring, pricing and capital investment, with many firms adopting a wait-and-see posture,&rdquo; the Fed said. The report featured information compiled by the New York Fed and collected through April 6, capturing the early effects of the war on the US economy.The report also noted that price pressures were bleeding beyond energy. &ldquo;Energy and fuel costs rose sharply in all districts, attributed to the Middle East conflict, leading to higher freight and shipping costs and higher prices for plastics, fertilizers and other petroleum-based products,&rdquo; the Fed said. &ldquo;Input cost pressures beyond energy-related increases were also widespread.&rdquo; The oil shock spurred by the conflict has sent gasoline prices in the US to their highest level since 2022, leading US inflation to jump in March. Several Fed policymakers have signaled a preference to keep borrowing costs steady for quite some time while they evaluate the economic data. Officials are expected to leave their benchmark rate unchanged when they meet on April 28-29, according to pricing in futures contracts. Today's show features:
<ul>
<li>Michael McKee, Bloomberg TV and Radio International Economics &amp; Policy Correspondent on Fed's Beige Book</li>
<li>Nicola Willis, New Zealand Finance Minister, on how inflation will go 'much higher' if Iran war drags on</li>
<li>John Roberts, analyst at Mizuho, on the global chemicals market</li>
<li>Jennifer Rie, Bloomberg Intelligence Senior Antitrust Litigation Analyst on Live Nation Illegally monopolized ticketing market.</li>
<li>Michael Ha, Baird Senior Research Analyst and Avalon Pernell, Bloomberg News Equities Reporter on UnitedHealth&rsquo;s Last Bear Stands Pat After Medicare Rate Hike</li>
</ul>

Fed’s Beige Book Says War Lifts Uncertainty for US Companies

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/202f3c50-4f79-4ad6-a2b9-b42d01462af7/transcript

As credit card companies with lofty fees compete for affluent consumers, the hottest new perks are wearable devices for tracking health, fitness and sleep. After lifting annual dues for their top-tier cards, JPMorgan Chase & Co. and American Express Co. rolled out typical benefits like hotel, dining and travel credits. But there were also more unexpected bonuses: American Express added a $200 credit toward an Oura Health Oy smart ring to the Platinum Card, while Chase included a $359 rebate for Whoop Inc.’s fitness bands for Sapphire Reserve holders. The promotions are generating results, pushing users to sign up for the latest credit cards and join the wearables craze for the first time.

Cam Baker, Bloomberg News Breaking News Editor discusses with Bloomberg's Carol Massar and Tim Stenovec.

As credit card companies with lofty fees compete for affluent consumers, the hottest new perks are wearable devices for tracking health, fitness and sleep. After lifting annual dues for their top-tier cards, JPMorgan Chase &amp; Co. and American Express Co. rolled out typical benefits like hotel, dining and travel credits. But there were also more unexpected bonuses: American Express added a $200 credit toward an Oura Health Oy smart ring to the Platinum Card, while Chase included a $359 rebate for Whoop Inc.&rsquo;s fitness bands for Sapphire Reserve holders. The promotions are generating results, pushing users to sign up for the latest credit cards and join the wearables craze for the first time. Cam Baker, Bloomberg News Breaking News Editor discusses with Bloomberg's Carol Massar and Tim Stenovec.

Amex Platinum, Chase Sapphire Perks Fuel Health Gadget Craze

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e3f6114c-f7e0-4782-b2a2-b42c014d2faa/transcript

Apple’s AI Upgrades to Miss Initial Launch of iOS 18 Overhaul

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