Nordstrom Co-President Erik Nordstrom discusses opening a flagship store in Manhattan as well as the health of the consumer. He speaks with Bloomberg Businessweek anchor Carol Massar.

Host: Carol Massar. Producer: Paul Brennan.

Nordstrom Co-President Erik Nordstrom discusses opening a flagship store in Manhattan as well as the health of the consumer. He speaks with Bloomberg Businessweek anchor Carol Massar.Host: Carol Massar. Producer: Paul Brennan.

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

Businessweek Talks with Erik Nordstrom

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ba951fe5-bf9b-49fd-9584-ae2b008f41f4/transcript

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

Global anxiety over artificial intelligence risks has intensified following fresh disclosures about a far wider range of breaches by advanced AI models, setting the stage for a high-stakes meeting between Anthropic PBC Chief Executive Officer Dario Amodei and President Donald Trump.
Amodei and Trump met on Sunday night, according to a White House official, bringing together two men at opposite ends of the AI safety debate. The meeting marked their first private sit-down after months of rocky relations between the Anthropic chief and the administration over safety-related issues involving the company’s AI tools.

We discuss their meeting and the day's top headlines with Seth Fiegerman, Bloomberg News AI Editor.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a> Global anxiety over artificial intelligence risks has intensified following fresh disclosures about a far wider range of breaches by advanced AI models, setting the stage for a high-stakes meeting between&nbsp;Anthropic PBC&nbsp;Chief Executive Officer&nbsp;Dario Amodei&nbsp;and President&nbsp;Donald Trump. Amodei and Trump met on Sunday night, according to a White House official, bringing together two men at opposite ends of the AI safety debate. The meeting marked their first private sit-down after months of rocky relations between the Anthropic chief and the administration over safety-related issues involving the company&rsquo;s AI tools. We discuss their meeting and the day's top headlines with Seth Fiegerman, Bloomberg News AI Editor.

AI Breaches Add to Safety Fears as Trump Meets Anthropic CEO

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5391ddb6-d865-47b5-bbbc-b4d301457b28/transcript

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

The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, dampening hopes of a diplomatic breakthrough to end the war. The decline pushed most Treasury yields higher by nearly 10 basis points by noon in New York, with those on 10-year bonds climbing to a fresh 19-year high. Meantime, Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November.

On today's episode:
Patrick Murphy, former Acting Secretary of the Army & US Congressman
Bob Chapek, former Disney CEO
Rebecca Walser, Founder & CIO at Walser Wealth Management
Ed Ludlow, 'Bloomberg Tech' Host

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a> The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran&rsquo;s latest proposal to reopen the Strait of Hormuz, dampening hopes of a diplomatic breakthrough to end the war. The decline pushed most Treasury yields higher by nearly 10 basis points by noon in New York, with those on 10-year bonds climbing to a fresh 19-year high. Meantime, Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November. On today's episode:
<ul>
<li>Patrick Murphy, former Acting Secretary of the Army &amp; US Congressman</li>
<li>Bob Chapek, former Disney CEO</li>
<li>Rebecca Walser, Founder &amp; CIO at Walser Wealth Management</li>
<li>Ed Ludlow, 'Bloomberg Tech' Host</li>
</ul>

Iran Officials Pessimistic About US Deal Before Midterms

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7e44f8e1-7f3c-4ab4-84d0-b4d301652ca1/transcript

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

In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors.

The parallel deals have been questioned by Democratic lawmakers alleging possible conflicts of interest involving Lutnick and his sons. But a more basic set of questions has dogged the project: Can USA Rare Earth Inc., the company getting these public and private funds, actually produce the critical minerals and magnets the government needs to break China’s chokehold on global supplies?

For a closer look, we speak with Joe Deaux, Bloomberg News Senior Reporter for Corporate & Economic Statecraft.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors.
The parallel deals have been questioned by Democratic lawmakers alleging possible conflicts of interest involving Lutnick and his sons. But a more basic set of questions has dogged the project: Can USA Rare Earth Inc., the company getting these public and private funds, actually produce the critical minerals and magnets the government needs to break China&rsquo;s chokehold on global supplies?
For a closer look, we speak with Joe Deaux, Bloomberg News Senior Reporter for Corporate &amp; Economic Statecraft.

The Tiny Magnet Maker That Attracted $1.6 Billion From Lutnick

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f583f701-aac0-4c60-8911-b4d0016a6ff0/transcript

Businessweek Talks with Erik Nordstrom

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