Marker 01

Marker 02

Marker 03

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 3PM ET on WBBR 1130 AM New York, Bloomberg 106.1 FM Boston, Bloomberg 960 AM San Francisco, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 119, 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.” Hosted by Carol Massar and Tim Stenovec.
Hear the show live at 3PM ET on WBBR 1130 AM New York, Bloomberg 106.1 FM Boston, Bloomberg 960 AM San Francisco, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 119, 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

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

Bloomberg Businessweek Weekend - September 15th, 2023

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cfe0ac84-2f02-441e-9e05-b07e01420c3a/transcript

The people, companies and trends shaping the global economy.

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

Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half as the financial technology firm places a bet on artificial intelligence changing the future of labor productivity.

Block has been restructuring its business model and staffing since 2024 as the company’s stock has lagged. At the same time, the company has invested heavily in artificial intelligence tools to run more efficiently, including building its own tool called Goose.
The reduction in force, which was announced in a shareholder letter on Thursday, comes after rolling job eliminations that have often been tied to annual performance reviews.
The move by Block is the latest indication of the havoc that new AI tools are wreaking on the economy and financial markets.

In the shareholder letter, the company highlighted strong financial performance over 2025 including gross profit growth that more than doubled from the first quarter to the fourth quarter.

Dorsey, the company’s co-founder, touted how the company has reignited growth of users of its peer-to-peer payments app Cash App, scaled its lending products and accelerated Square gross payment volume. Block reported gross profit of $10.36 billion in 2025, up 17% year-over-year.

Today's show features:
Bloomberg News Fintech and Crypto Reporter Emily Mason on Block's massive staff cuts
Chris Miller, Professor of International History at The Fletcher School at Tufts University, on the geopolitical forces shaping the global ecosystem for semiconductors
Steven Dickens, CEO and Principal Analyst of HyperFRAME Research, with Nvidia earnings analysis and a lookahead to CoreWeave earnings after the bell
Bloomberg News National Security Reporter Jaime Tarabay on Hillary Clinton’s closed-door testimony related to her connections to the late Jeffrey Epstein, and allegations that the Department of Justice withheld some files in the Epstein case due to an abuse claim against President Trump

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>. Jack Dorsey&rsquo;s Block is cutting 4,000 employees, reducing its workforce by nearly half as the financial technology firm places a bet on artificial intelligence changing the future of labor productivity. Block has been restructuring its business model and staffing since 2024 as the company&rsquo;s stock has lagged. At the same time, the company has invested heavily in artificial intelligence tools to run more efficiently, including building its own tool called Goose. The reduction in force, which was announced in a shareholder letter on Thursday, comes after rolling job eliminations that have often been tied to annual performance reviews. The move by Block is the latest indication of the havoc that new AI tools are wreaking on the economy and financial markets. In the shareholder letter, the company highlighted strong financial performance over 2025 including gross profit growth that more than doubled from the first quarter to the fourth quarter. Dorsey, the company&rsquo;s co-founder, touted how the company has reignited growth of users of its peer-to-peer payments app Cash App, scaled its lending products and accelerated Square gross payment volume. Block reported gross profit of $10.36 billion in 2025, up 17% year-over-year. Today's show features:
<ul>
<li>Bloomberg News Fintech and Crypto Reporter Emily Mason on Block's massive staff cuts</li>
<li>Chris Miller, Professor of International History at The Fletcher School at Tufts University, on the geopolitical forces shaping the global ecosystem for semiconductors</li>
<li>Steven Dickens, CEO and Principal Analyst of HyperFRAME Research, with Nvidia earnings analysis and a lookahead to CoreWeave earnings after the bell</li>
<li>Bloomberg News National Security Reporter Jaime Tarabay on Hillary Clinton&rsquo;s closed-door testimony related to her connections to the late Jeffrey Epstein, and allegations that the Department of Justice withheld some files in the Epstein case due to an abuse claim against President Trump</li>
</ul>

Jack Dorsey’s Block Slashes Nearly Half Its Staff in AI Bet

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/eda3c20e-f29d-4222-8180-b3fd017afd78/transcript

The people, companies and trends shaping the global economy.

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

Nvidia Corp., the world’s most valuable company, gave another bullish quarterly revenue forecast, signaling that the massive build-out of AI computing remains on track.
Fiscal first-quarter sales will be about $78 billion, the chipmaker said in a statement Wednesday. That compares with an average Wall Street estimate of $72.8 billion, according to data compiled by Bloomberg.

“Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth,” Chief Executive Officer Jensen Huang said in the statement.
The outlook helped soothe concerns about a bubble in AI investments. Huang has repeatedly downplayed fears that the run-up in spending on artificial intelligence hardware isn’t sustainable. He argues that it will take years to replace the world’s installed base of older computers with machines that offer a leap forward in productivity.
But some investors had grown weary of that optimism and traded out of stocks like Nvidia. Wednesday’s report provides some evidence that near-term worries may be overblown.

Today's show features:
Bloomberg Tech Co-Host Ed Ludlow, and Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, break down Nvidia’s earnings report and outlook
Bloomberg Intelligence Senior Global Head of Technology Research Mandeep Singh reacts to quarterly earnings from Nvidia and Snowflake, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana with analysis of earnings from Salesforce and the broader disruption to software companies amid concerns that AI will erode demand
Libby Cantrill, Managing Director and the head of public policy for PIMCO on market reverberations following President Donald Trump’s State of the Union address
Bloomberg News Miami Bureau Chief Dan Cancel on the report of Cuban forces killing four people who opened fire from a speedboat with Florida tags

 

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.
Nvidia Corp., the world&rsquo;s most valuable company, gave another bullish quarterly revenue forecast, signaling that the massive build-out of AI computing remains on track. Fiscal first-quarter sales will be about $78 billion, the chipmaker said in a statement Wednesday. That compares with an average Wall Street estimate of $72.8 billion, according to data compiled by Bloomberg.
&ldquo;Our customers are racing to invest in AI compute &mdash; the factories powering the AI industrial revolution and their future growth,&rdquo; Chief Executive Officer Jensen Huang said in the statement. The outlook helped soothe concerns about a bubble in AI investments. Huang has repeatedly downplayed fears that the run-up in spending on artificial intelligence hardware isn&rsquo;t sustainable. He argues that it will take years to replace the world&rsquo;s installed base of older computers with machines that offer a leap forward in productivity. But some investors had grown weary of that optimism and traded out of stocks like Nvidia. Wednesday&rsquo;s report provides some evidence that near-term worries may be overblown. Today's show features:
<ul>
<li>Bloomberg Tech Co-Host Ed Ludlow, and Jay Goldberg, Senior Analyst, Semiconductors &amp; Electronics with Seaport Research Partners, break down Nvidia&rsquo;s earnings report and outlook</li>
<li>Bloomberg Intelligence Senior Global Head of Technology Research Mandeep Singh reacts to quarterly earnings from Nvidia and Snowflake, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana with analysis of earnings from Salesforce and the broader disruption to software companies amid concerns that AI will erode demand</li>
<li>Libby Cantrill, Managing Director and the head of public policy for PIMCO on market reverberations following President Donald Trump&rsquo;s State of the Union address</li>
<li>Bloomberg News Miami Bureau Chief Dan Cancel on the report of Cuban forces killing four people who opened fire from a speedboat with Florida tags</li>
</ul>
&nbsp;

Nvidia’s Upbeat Sales Forecast Shows AI Boom Remains Strong

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3d8ed7e6-eb02-4659-a18f-b3fc0178fa84/transcript

Shares of MercadoLibre fell after fourth-quarter net income missed analysts’ estimates as the company continued to invest heavily in its main business lines. MercadoLibre posted $559 million in net income, below the average forecast for $596 million, according to data compiled by Bloomberg. However, the company posted a 45% year-on-year increase in net revenue to $8.8 billion, beating consensus analyst estimates of $8.5 billion, as customers took advantage of free shipping perks in Brazil and piled into MercadoLibre’s credit offerings. That marks its 28th consecutive quarter of annual growth above 30%.

Martin de los Santos, the CFO of South America's largest company, discusses quarterly earnings and the e-commerce giant's continued efforts to scale its fintech platform, Mercado Pago. Martin speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Shares of MercadoLibre fell after fourth-quarter net income missed analysts&rsquo; estimates as the company continued to invest heavily in its main business lines. MercadoLibre posted $559 million in net income, below the average forecast for $596 million, according to data compiled by Bloomberg. However, the company posted a 45% year-on-year increase in net revenue to $8.8 billion, beating consensus analyst estimates of $8.5 billion, as customers took advantage of free shipping perks in Brazil and piled into MercadoLibre&rsquo;s credit offerings. That marks its 28th consecutive quarter of annual growth above 30%.
Martin de los Santos, the CFO of South America's largest company, discusses quarterly earnings and the e-commerce giant's continued efforts to scale its fintech platform, Mercado Pago. Martin speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

MercadoLibre Tumbles After Net Income Miss on Spending Boost 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/38ef262d-3e0a-4967-843f-b3fc017025c2/transcript

Bloomberg Businessweek Weekend - September 15th, 2023

In 1 playlist(s)

Bloomberg Businessweek

Social links

Follow podcast

Recent clips