Kirsten Corio, USTA Chief Commercial Officer, discusses the US Open's revenue growth and business strategy. Bloomberg News Senior Reporter Gillian Tan and Bloomberg News Global Business Reporter Ira Boudway talk about equal pay for female athletes and how Carlos Alcaraz stands to become one of the wealthiest male athletes on the planet. Noah Syken, VP of Sports & Entertainment Partnerships at IBM, explains how AI technology is being used at the tournament. Bloomberg News Higher-Education Finance Reporter Janet Lorin breaks down college endowment returns and talks about the end of the student loan payment pause. And we Drive to the Close with Bill Stone, Chief Investment Officer at Glenview Trust Company. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. 

Kirsten Corio, USTA Chief Commercial Officer, discusses the US Open's revenue growth and business strategy. Bloomberg News Senior Reporter Gillian Tan and Bloomberg News Global Business Reporter Ira Boudway talk about equal pay for female athletes and how Carlos Alcaraz stands to become one of the wealthiest male athletes on the planet. Noah Syken, VP of Sports &amp; Entertainment Partnerships at IBM, explains how AI technology is being used at the tournament. Bloomberg News Higher-Education Finance Reporter Janet Lorin breaks down college endowment returns and talks about the end of the student loan payment pause. And we Drive to the Close with Bill Stone, Chief Investment Officer at Glenview Trust Company. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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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

Day One at the US Open

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6804f0a7-888f-439d-a717-b06f015dc8a1/transcript

The people, companies and trends shaping the global economy.

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

US officials say the White House is sending hundreds of Marines to the Middle East as it weighs a plan to seize Iran’s Kharg Island oil export hub. Deploying even a small number of troops on the ground in Iran carries huge risks for President Donald Trump.

Any effort to seize and hold Iran’s energy facilities would put US troops in far greater danger than they’ve already been exposed to so far in the conflict, which has seen 13 US fatalities to date. It would also add to the cost and scope of the conflict beyond an air campaign.

Just as charged would be the symbolism of American troops landing on Iranian soil and the accusation that Trump — who shot to popularity in part by criticizing the open-ended wars that dogged his predecessors — might be starting one of his own.

He said deploying a Marine Expeditionary Unit there would have “substantial risk of casualties, and with no obvious next step as to how such an action really accelerates regime change or even Iran’s willingness to negotiate an end to hostilities.”

Today's show features:
Jeff Mason, Bloomberg News Washington and White House Correspondent
Adam Farrar, Economics Senior Geoeconomics Analyst for Asia-Pacific
David Woo, author of Merry-Go-Round Broke Down: A Novel of Guilt, Greed and Globalization and Founder of David Woo Unbound
Ian McGinley, Partner at Sidley Austin and former Director of Enforcement at the Commodity Futures Trading Commission

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>.
US officials say the White House is sending hundreds of Marines to the Middle East as it weighs a plan to seize Iran&rsquo;s Kharg Island oil export hub. Deploying even a small number of troops on the ground in Iran carries huge risks for President Donald Trump.
Any effort to seize and hold Iran&rsquo;s energy facilities would put US troops in far greater danger than they&rsquo;ve already been exposed to so far in the conflict, which has seen 13 US fatalities to date. It would also add to the cost and scope of the conflict beyond an air campaign.
Just as charged would be the symbolism of American troops landing on Iranian soil and the accusation that Trump &mdash; who shot to popularity in part by criticizing the open-ended wars that dogged his predecessors &mdash; might be starting one of his own.
He said deploying a Marine Expeditionary Unit there would have &ldquo;substantial risk of casualties, and with no obvious next step as to how such an action really accelerates regime change or even Iran&rsquo;s willingness to negotiate an end to hostilities.&rdquo;
Today's show features:
<ul>
<li>Jeff Mason, Bloomberg News Washington and White House Correspondent</li>
<li>Adam Farrar, Economics Senior Geoeconomics Analyst for Asia-Pacific</li>
<li>David Woo, author of Merry-Go-Round Broke Down: A Novel of Guilt, Greed and Globalization and Founder of David Woo Unbound</li>
<li>Ian McGinley, Partner at Sidley Austin and former Director of Enforcement at the Commodity Futures Trading Commission</li>
</ul>

Trump Fans Iran Quagmire Fears With Debate on Seizing Kharg

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f37967e8-c678-422e-af0a-b4130148cb7c/transcript

The sense of growing hostility toward business leaders and others in power is everywhere, coinciding with dueling populist political movements, and has been heightened by the refusal of many former Epstein pals to take responsibility for associating with him. The Epstein files have exposed a code of elite silence around a sex offender, and many of America's business icons and politicians must stop minimizing their roles in what happened and start making real amends to move forward.

Max Chafkin, Bloomberg Businessweek Senior Reporter and co-host of the Everybody’s Business podcast writes about how the Epstein files fallout is a crisis for elites —and an opportunity. He speaks with Bloomberg's Carol Massar and Tim Stenovec.

The sense of growing hostility toward business leaders and others in power is everywhere, coinciding with dueling populist political movements, and has been heightened by the refusal of many former Epstein pals to take responsibility for associating with him. The Epstein files have exposed a code of elite silence around a sex offender, and many of America's business icons and politicians must stop minimizing their roles in what happened and start making real amends to move forward.
Max Chafkin, Bloomberg Businessweek Senior Reporter and co-host of the Everybody&rsquo;s Business podcast writes about how the Epstein files fallout is a crisis for elites &mdash;and an opportunity. He speaks with Bloomberg's Carol Massar and Tim Stenovec.

The Epstein Class Needs to Make Amends

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/33f1c3c5-f7ec-4b23-8ced-b4120154f655/transcript

The people, companies and trends shaping the global economy.

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

Each week the world’s largest liquefied natural gas plant remains shut, the world loses the equivalent of enough energy to power Sydney’s homes for an entire year.

Qatar’s Ras Laffan plant closed earlier this month after an Iranian drone attack, the first interruption to supply in three decades of operation. Now, after further hits — in retaliation for an Israeli strike on the vast South Pars fields on Wednesday — the wider complex has suffered what Qatar describes as extensive damage.

The latest assault damaged t​​​​​​wo of the plant’s fourteen production trains, with repairs expected to take years, people with knowledge of the matter told Bloomberg. That will put severe energy strain on economies across the world. For emerging nations — vital growth markets for LNG — a second gas calamity in four years is already destroying industrial demand, perhaps irreparably.Three weeks of conflict in the Middle East have upended the entire energy supply chain. With the vital Strait of Hormuz all but closed, gasoline and jet fuel prices are surging, cooking gas shortages are triggering fistfights in India and farmers are fretting about diesel and fertilizer. But with virtually no spare capacity, no strategic reserves and no easy replacements, LNG may be one of the most acute pain points in an expanding crisis.

The longer this continues, the only solution is for the world to use less gas — and that’s a major setback for a fuel promoted by the industry as a reliable and affordable bridge from dirty coal to full reliance on renewable power. Without gas, power plants curtail output, fertilizer and textile factories shut. The ripple effect from a long-term shock could be even more significant than the 2022 energy crisis, when Russia’s invasion of Ukraine forced dramatic changes in global gas flows.
Today's show features:
Ruth Liao, Bloomberg News Reporter covering Liquefied Natural Gas
Sheila Kahyaoglu, Managing Director in Equity Research at Jefferies
Matt Diczok, Head of Fixed Income Strategy for Merrill and Bank of America Private Bank
Drive to the Close with Mark Travis, CEO of Intrepid Capital

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>.
Each week the world&rsquo;s largest liquefied natural gas plant remains shut, the world loses the equivalent of enough energy to power Sydney&rsquo;s homes for an entire year.
Qatar&rsquo;s Ras Laffan plant closed earlier this month after an Iranian drone attack, the first interruption to supply in three decades of operation. Now, after further hits &mdash; in retaliation for an Israeli strike on the vast South Pars fields on Wednesday &mdash; the wider complex has suffered what Qatar describes as extensive damage.
The latest assault damaged t​​​​​​wo of the plant&rsquo;s fourteen production trains, with repairs expected to take years, people with knowledge of the matter told Bloomberg. That will put severe energy strain on economies across the world. For emerging nations &mdash; vital growth markets for LNG &mdash; a second gas calamity in four years is already destroying industrial demand, perhaps irreparably.Three weeks of conflict in the Middle East have upended the entire energy supply chain. With the vital Strait of Hormuz all but closed, gasoline and jet fuel prices are surging, cooking gas shortages are triggering fistfights in India and farmers are fretting about diesel and fertilizer. But with virtually no spare capacity, no strategic reserves and no easy replacements, LNG may be one of the most acute pain points in an expanding crisis.
The longer this continues, the only solution is for the world to use less gas &mdash; and that&rsquo;s a major setback for a fuel promoted by the industry as a reliable and affordable bridge from dirty coal to full reliance on renewable power. Without gas, power plants curtail output, fertilizer and textile factories shut. The ripple effect from a long-term shock could be even more significant than the 2022 energy crisis, when Russia&rsquo;s invasion of Ukraine forced dramatic changes in global gas flows. Today's show features:
<ul>
<li>Ruth Liao, Bloomberg News Reporter covering Liquefied Natural Gas</li>
<li>Sheila Kahyaoglu, Managing Director in Equity Research at Jefferies</li>
<li>Matt Diczok, Head of Fixed Income Strategy for Merrill and Bank of America Private Bank</li>
<li>Drive to the Close with Mark Travis, CEO of Intrepid Capital</li>
</ul>

Weeks of War Are Reshaping Global Gas Market for Years to Come

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c91f31e3-0555-4589-b55e-b412014f7b57/transcript

Day One at the US Open

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