Katrina Adams, former USTA CEO, talks about growing the sport of tennis in the US and equal pay for female athletes. Ashley Brown, Assistant Professor at the University of Wisconsin-Madison, discusses her book Serving Herself: The Life and Times of Althea Gibson. 
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. 

Katrina Adams, former USTA CEO, talks about growing the sport of tennis in the US and equal pay for female athletes. Ashley Brown, Assistant Professor at the University of Wisconsin-Madison, discusses her book Serving Herself: The Life and Times of Althea Gibson. Hosts: Carol Massar and Tim Stenovec. 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

Day One, Part Two at the US Open

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4bdb3413-f55e-4b39-bd8f-b07000c86c25/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

The people, companies and trends shaping the global economy.

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

Bank results so far show that private credit woes remain contained, with executives offering words of calm for nervous investors.

First, there are no big red flags in the aggregate credit loss provisions from the four big banks that have reported so far, including Wells Fargo. The measure, where stress typically starts to show, is tracking higher for some lenders -- for instance, Goldman attributed the increase to “growth and impairments related to wholesale loans,” yet the overall number remains very modest compared to peers.

Citi’s worse-than-expected provisions were tied to US consumer card losses and a firmwide reserves build amid the uncertain macro environment, but its measure is only the highest since 2Q 2025. That has also been offset by JPMorgan’s lower-than-estimated provisions. 
Taken altogether, the combined bad debt forecast tally is so far smaller than feared for the quarter and more modest than it was during the same period last year.

Banks went further to disclose at least $100 billion of specific exposure to private-credit firms, with Citi saying that it’s had zero losses over the life of the portfolio. Its executives noted on the call that the bank has strong protections in place, including a prudent approach to reserves, which it continues to constantly stress test.

For his part, JPMorgan CEO Dimon said he’s “not particularly worried” about private credit after the bank disclosed a $50 billion exposure. Goldman CEO David Solomon also defended the industry on Monday.

The remarks and moderate credit provisions so far should give investors some comfort that strains from private credit remain limited so far -- something that other parts of the credit market have been signaling as well.

Today's show features:
Herman Chan, Bloomberg Intelligence Senior Analyst, US Banks & Joe Hegener, Asterozoa Capital CIO & Founder on Bank Earnings
Alli McCartney, Alignment Partners at UBS Managing Director of Wealth Management on latest market reaction
Adam Farrar Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific on US's Blockade on Iran
Sid Philip, Bloomberg News Chief Correspondent for Global Aviation on United CEO Pitched Trump on Possible Tie-Up with American Airlines

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>. Bank results so far show that private credit woes remain contained, with executives offering words of calm for nervous investors. First, there are no big red flags in the aggregate credit loss provisions from the four big banks that have reported so far, including Wells Fargo. The measure, where stress typically starts to show, is tracking higher for some lenders -- for instance, Goldman attributed the increase to &ldquo;growth and impairments related to wholesale loans,&rdquo; yet the overall number remains very modest compared to peers. Citi&rsquo;s worse-than-expected provisions were tied to US consumer card losses and a firmwide reserves build amid the uncertain macro environment, but its measure is only the highest since 2Q 2025. That has also been offset by JPMorgan&rsquo;s lower-than-estimated provisions. Taken altogether, the combined bad debt forecast tally is so far smaller than feared for the quarter and more modest than it was during the same period last year. Banks went further to disclose at least $100 billion of specific exposure to private-credit firms, with Citi saying that it&rsquo;s had zero losses over the life of the portfolio. Its executives noted on the call that the bank has strong protections in place, including a prudent approach to reserves, which it continues to constantly stress test. For his part, JPMorgan CEO Dimon said he&rsquo;s &ldquo;not particularly worried&rdquo; about private credit after the bank disclosed a $50 billion exposure. Goldman CEO David Solomon also defended the industry on Monday. The remarks and moderate credit provisions so far should give investors some comfort that strains from private credit remain limited so far -- something that other parts of the credit market have been signaling as well. Today's show features:
<ul>
<li>Herman Chan, Bloomberg Intelligence Senior Analyst, US Banks &amp; Joe Hegener, Asterozoa Capital CIO &amp; Founder on Bank Earnings</li>
<li>Alli McCartney, Alignment Partners at UBS Managing Director of Wealth Management on latest market reaction</li>
<li>Adam Farrar Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific on US's Blockade on Iran</li>
<li>Sid Philip, Bloomberg News Chief Correspondent for Global Aviation on United CEO Pitched Trump on Possible Tie-Up with American Airlines</li>
</ul>

 Bank Earnings Offer Little Cause for Alarm on Private Credit

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c9daf8b2-0c22-474a-b802-b42c014bd07f/transcript

The people, companies and trends shaping the global economy.

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

CraftCo CEO Ali Anderson joins Tim Stenovec and Emily Graffeo to discuss her brands diverse portfolio of innovative craft spirits including celebrating a big anniversary for its Magnus Cigar Blend whiskey.

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" data-destination="rte:bind">http://bit.ly/3vTiACF</a>.
CraftCo CEO Ali Anderson joins Tim Stenovec and Emily Graffeo to discuss her brands diverse portfolio of innovative craft spirits including celebrating a big anniversary for its Magnus Cigar Blend whiskey.

Celebrating 10 Years of Magnus Cigar Blend Whiskey

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/204fcdb3-2fc7-4bfd-9466-b42b0134ae14/transcript

Day One, Part Two at the US Open

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