Bloomberg News Bloomberg News Metals & Agriculture Americas Deputy Team Leader Joe Deaux reports on United States Steel fielding a takeover bid from Esmark after rejecting an offer from rival Cleveland-Cliffs. Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick explains why the bond market sees no end to tumult as Fed casts a hawkish shadow. Bryce Maddock, CEO at TaskUs, discusses the growing need for content moderation sparked by Generative AI. And we Drive to the Close with Katy Kaminski, Chief Research Strategist at AlphaSimplex Group. 
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. 

Bloomberg News Bloomberg News Metals &amp; Agriculture Americas Deputy Team Leader Joe Deaux reports on United States Steel fielding a takeover bid from Esmark after rejecting an offer from rival Cleveland-Cliffs. Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick explains why the bond market sees no end to tumult as Fed casts a hawkish shadow. Bryce Maddock, CEO at TaskUs, discusses the growing need for content moderation sparked by Generative AI. And we Drive to the Close with Katy Kaminski, Chief Research Strategist at AlphaSimplex Group. 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 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

Esmark Offers to Buy US Steel, Thwarting Cliffs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e58f1416-7081-4c59-9fb4-b05e015ab657/transcript

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

Generative AI is rapidly automating basic coding, freezing junior hiring and dismantling the traditional tech career ladder. By erasing entry-level roles to maximize short-term productivity, companies are cutting off the very rungs needed to train the next generation of senior system architects.

For more on their partnership, Carol Massar and Tim Stenovec spoke with Mark Milian, Bloomberg Businessweek Deputy 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">http://bit.ly/3vTiACF</a>. Generative AI is rapidly automating basic coding, freezing junior hiring and dismantling the traditional tech career ladder. By erasing entry-level roles to maximize short-term productivity, companies are cutting off the very rungs needed to train the next generation of senior system architects. For more on their partnership, Carol Massar and Tim Stenovec spoke with Mark Milian, Bloomberg Businessweek Deputy Editor

 For Software Engineers, the AI Reckoning Has Already Arrived

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/382f528e-0de3-4aba-97ef-b48901482c25/transcript

Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant’s future.

The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.

Shares in Netflix have declined more than 40% over the last year, as the company’s pursuit of Warner Bros. Discovery Inc. and subsequent financial results have caused investors to worry that the leader in streaming has lost momentum.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Carol Massar speak with:
Felix Gillette, Bloomberg News Media and Entertainment Editor
Eric Clark, Portfolio Manager, LOGO ETF and CIO, Accuvest Global Advisors
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst
Ed Ludlow, Bloomberg Tech Host  

Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant&rsquo;s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts&rsquo; expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street&rsquo;s consensus, but most of the attention has been on future performance. Shares in Netflix have declined more than 40% over the last year, as the company&rsquo;s pursuit of Warner Bros. Discovery Inc. and subsequent financial results have caused investors to worry that the leader in streaming has lost momentum. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Carol Massar speak with:
<ul>
<li>Felix Gillette, Bloomberg News Media and Entertainment Editor</li>
<li>Eric Clark, Portfolio Manager, LOGO ETF and CIO, Accuvest Global Advisors</li>
<li>Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst</li>
<li>Ed Ludlow, Bloomberg Tech Host &nbsp;</li>
</ul>

Instant Reaction: Netflix Disappoints Again with Slow Growth 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/25328502-16cb-43a8-819b-b4890165297b/transcript

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

The US launched fresh strikes against Iran on Thursday, the fifth straight day of attacks as shipping traffic slumped in the critical Strait of Hormuz.The attacks began at 2 p.m. ET, according to US Central Command, with US forces aiming to “further degrade Iranian military capabilities.”Iran responded to earlier strikes by firing at American bases in Kuwait and Jordan, with the Kuwaiti Armed Forces warning of explosions as a result of air-defense systems intercepting hostile targets.

On this episode, Carol Massar and Tim Stenovec speak with:
Nick Wadhams, Bloomberg News National Security Reporter
Ed Ludlow, Bloomberg Tech Host on TSMC, renewed/continuing AI trade worries
Madison Muller, Bloomberg News Healthcare Reporter on Lilly Strikes $3.8B Deal for Psychedelic Drugmaker and Merck’s $3,800-a-Year Cholesterol-Cutting Pill Gets FDA Nod
David George, Senior Research Analyst at Baird 

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 US launched fresh strikes against Iran on Thursday, the fifth straight day of attacks as shipping traffic slumped in the critical Strait of Hormuz.The attacks began at 2 p.m. ET, according to US Central Command, with US forces aiming to &ldquo;further degrade Iranian military capabilities.&rdquo;Iran responded to earlier strikes by firing at American bases in Kuwait and Jordan, with the Kuwaiti Armed Forces warning of explosions as a result of air-defense systems intercepting hostile targets. On this episode, Carol Massar and Tim Stenovec speak with:
<ul>
<li>Nick Wadhams, Bloomberg News National Security Reporter</li>
<li>Ed Ludlow, Bloomberg Tech Host on TSMC, renewed/continuing AI trade worries</li>
<li>Madison Muller, Bloomberg News Healthcare Reporter&nbsp;on Lilly Strikes $3.8B Deal for Psychedelic Drugmaker and Merck&rsquo;s $3,800-a-Year Cholesterol-Cutting Pill Gets FDA Nod</li>
<li>David George, Senior Research Analyst at Baird&nbsp;</li>
</ul>

US Launches New Strikes on Iran as Hormuz Traffic Slumps

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d02a5703-605c-4dfb-8916-b48901482406/transcript

Esmark Offers to Buy US Steel, Thwarting Cliffs

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