Bloomberg Markets with Carol Massar and Cory Johnson.

GUEST:
Chris Lu
Senior Fellow
University of Virginia Miller Center
Former Deputy Secretary of Labor
US Department of Labor
Discussing breakdown of June jobs report and disappointing wage gains.

Bloomberg Markets with Carol Massar and Cory Johnson.

GUEST:
Chris Lu
Senior Fellow
University of Virginia Miller Center
Former Deputy Secretary of Labor
US Department of Labor
Discussing breakdown of June jobs report and disappointing wage gains.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. 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 cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<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 Markets: Lu Says U.S. Wage Growth ‘Troubling’

Bloomberg Markets: Lu Says U.S. Wage Growth `Troubling'

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fcee4fe2-f8fa-4005-a007-ae2b00f3b0e3/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Oil fell below $100, heading for its longest run of declines since June, as robust flows through the Strait of Hormuz and diplomacy around the US-Iran war tamed a recent rally. Satellite data showed that Saudi Arabia’s observed oil loadings from inside the Persian Gulf jumped over the weekend, with the highest number of ships seen at the nation’s main Persian Gulf port since June. Meanwhile, US President Donald Trump told Fox News he would “probably” be open to meeting his Iranian counterpart, Masoud Pezeshkian, on the sidelines of the UN General Assembly in New York this week. 

Trump will also hold a summit with Chinese President Xi Jinping, and may meet leaders of Persian Gulf nations. Iran’s Islamic Revolutionary Guard Corps, for its part, said it has prepared itself for a protracted war, state media reported.

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> Oil fell below $100, heading for its longest run of declines since June, as robust flows through the Strait of Hormuz and diplomacy around the US-Iran war tamed a recent rally. Satellite data showed that Saudi Arabia&rsquo;s observed oil loadings from inside the Persian Gulf jumped over the weekend, with the highest number of ships seen at the nation&rsquo;s main Persian Gulf port since June. Meanwhile, US President Donald Trump told Fox News he would &ldquo;probably&rdquo; be open to meeting his Iranian counterpart, Masoud Pezeshkian, on the sidelines of the UN General Assembly in New York this week. Trump will also hold a summit with Chinese President Xi Jinping, and may meet leaders of Persian Gulf nations. Iran&rsquo;s Islamic Revolutionary Guard Corps, for its part, said it has prepared itself for a protracted war, state media reported.

Oil Drops Ahead of UN Meetings; Networks Sue Over White House Press Ban

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/da0385cf-83f1-4f8e-92b4-b4cc0175e856/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Billionaires are difficult to ignore these days — flying into space, funding election campaigns, promoting AI, warning about AI and generally making a racket on social media. One billionaire sits in the Oval Office, while others control the world’s large language models and internet algorithms, including the choice of just how addictive our devices should be.

A new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There, tries to uncover much more about this somewhat hidden slice of America’s upper crust. Sifting through the available evidence, economists Owen Zidar and Eric Zwick argue we’re getting distracted by the loudest and richest billionaires and missing the much more numerous “Main Street millionaires” who are the real sources of wealth and power in America.

We speak with the book's authors Owen Zidar, Professor of Economics and Public Affairs at Princeton University, and Eric Zwick, Associate Professor of Finance at the University of Chicago School of Business.

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> Billionaires are difficult to ignore these days &mdash; flying into space, funding election campaigns, promoting AI, warning about AI and generally making a racket on social media. One billionaire sits in the Oval Office, while others control the world&rsquo;s large language models and internet algorithms, including the choice of just how addictive our devices should be. A new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There, tries to uncover much more about this somewhat hidden slice of America&rsquo;s upper crust. Sifting through the available evidence, economists Owen Zidar and Eric Zwick argue we&rsquo;re getting distracted by the loudest and richest billionaires and missing the much more numerous &ldquo;Main Street millionaires&rdquo; who are the real sources of wealth and power in America. We speak with the book's authors Owen Zidar, Professor of Economics and Public Affairs at Princeton University, and Eric Zwick, Associate Professor of Finance at the University of Chicago School of Business.

Forget Billionaires - America Runs on Millionaires

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bad3085f-a328-4eba-b3df-b4c901741508/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 - September 18th, 2026

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/69192d94-7f35-424c-bd86-b4c900f314a5/transcript

Bloomberg Markets: Lu Says U.S. Wage Growth `Troubling'

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