Bloomberg Intelligence Senior Global Banks Analyst Alison Williams reports on both Goldman Sachs and Barclays planning to cut jobs. Bloomberg News International Economics & Policy Correspondent Michael McKee and Bloomberg News Economics Editor Molly Smith talk about the US economy and the US Open. Kenny Estes, CEO at Diffuse Digital 30, shares his insight on how investors can take advantage of opportunities in crypto. And we Drive to the Close with Mary Ann Bartels, Chief Investment Strategist at Sanctuary Wealth. 
Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan. 

Bloomberg Intelligence Senior Global Banks Analyst Alison Williams reports on both Goldman Sachs and Barclays planning to cut jobs. Bloomberg News International Economics &amp; Policy Correspondent Michael McKee and Bloomberg News Economics Editor Molly Smith talk about the US economy and the US Open. Kenny Estes, CEO at Diffuse Digital 30, shares his insight on how investors can take advantage of opportunities in crypto. And we Drive to the Close with Mary Ann Bartels, Chief Investment Strategist at Sanctuary Wealth. Hosts: Tim Stenovec and Jess Menton. 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

Goldman to Make Annual Cut of Underperformers

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/18870cf9-442b-4b97-a4fb-b0770155d8a5/transcript

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

Federal Reserve Chairman Kevin Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year.

“Persistently high prices are a burden for the American people, but the recent past need not be prologue,” Warsh said in his debut press conference as chairman. Officials “are unambiguous and unanimous. This committee will deliver price stability.”

At the same time Warsh played down somewhat the projections from his colleagues showing nine officials foresee at least one quarter-point hike this year, with six anticipating at least two. Another nine expected no move or a cut.

On this episode, guest hosts Christina Ruffini and Bloomberg's Emily Graffeo speak with:
Yelena Shulyatyeva, Senior US Economist at The Conference Board
Stuart Paul, Bloomberg Economics US and Canada Economist & Andrew Szczurowski, Strategic Income Portfolio Manager at Morgan Stanley Investment Management
Deborah Weinswig, CEO of Coresight Research

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Federal Reserve Chairman Kevin Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year.
&ldquo;Persistently high prices are a burden for the American people, but the recent past need not be prologue,&rdquo; Warsh said in his debut press conference as chairman. Officials &ldquo;are unambiguous and unanimous. This committee will deliver price stability.&rdquo;
At the same time Warsh played down somewhat the projections from his colleagues showing nine officials foresee at least one quarter-point hike this year, with six anticipating at least two. Another nine expected no move or a cut.
On this episode, guest hosts Christina Ruffini and Bloomberg's Emily Graffeo speak with:
<ul>
<li>Yelena Shulyatyeva, Senior US Economist at The Conference Board</li>
<li>Stuart Paul, Bloomberg Economics US and Canada Economist &amp; Andrew Szczurowski, Strategic Income Portfolio Manager at Morgan Stanley Investment Management</li>
<li>Deborah Weinswig, CEO of Coresight Research</li>
</ul>

Fed Edges Closer to Rate Hikes in Kevin Warsh's First Fed Meeting

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/17999ec0-ec4a-42e4-a992-b46c01616259/transcript

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

Inside a Los Angeles cafe, the strife between the US and Iran faded briefly into the background as Iran opened its 2026 World Cup campaign in Southern California against New Zealand, ending with a respectable 2-2 draw.

As soon as the 90 minutes was up, the politics returned. Iran coach Amir Ghalenoei said his country is the "most oppressed team in the World Cup" in a press conference after the game, and claimed the team was being forced to return to their training base in Mexico without time for recovery.

The discord struck a nerve in parts of Los Angeles, which are sometimes dubbed Tehrangeles because the region is home to the world's largest Iranian diaspora community. While almost everyone in this expatriate enclave opposes the current government, many retain a loyalty to their national squad, known as Team Melli.

Bloomberg News LA bureau chief John Gittelsohn talks with Carol and Tim about the complex dynamics involved with Iran's FIFA World Cup team playing in the US.

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>.
Inside a Los Angeles cafe, the strife between the US and Iran faded briefly into the background as Iran opened its 2026 World Cup campaign in Southern California against New Zealand, ending with a respectable 2-2 draw.
As soon as the 90 minutes was up, the politics returned. Iran coach Amir Ghalenoei said his country is the "most oppressed team in the World Cup" in a press conference after the game, and claimed the team was being forced to return to their training base in Mexico without time for recovery.
The discord struck a nerve in parts of Los Angeles, which are sometimes dubbed Tehrangeles because the region is home to the world's largest Iranian diaspora community. While almost everyone in this expatriate enclave opposes the current government, many retain a loyalty to their national squad, known as Team Melli.
Bloomberg News LA bureau chief John Gittelsohn talks with Carol and Tim about the complex dynamics involved with Iran's FIFA World Cup team playing in the US.

Iran’s World Cup Team Divides Diaspora in LA’s ‘Tehrangeles’

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/dd7cc499-78e8-4fb5-9f77-b46b0170b33e/transcript

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

SpaceX jumped for a third straight day on Tuesday, overtaking Amazon.com in value to become the fifth-largest stock in the world.

Shares closed 4.8% higher, pushing its market capitalization to $2.65 trillion, roughly $8 billion higher than Amazon’s. At the stock’s intraday high, the market value of Elon Musk’s rocket and AI company topped Microsoft to briefly become the world’s fourth-largest stock.

At least some of the price action since its debut has been driven by the relatively small number of SpaceX shares available to trade, with only about 4.2% accessible on day one. That can make trading more volatile, with the stock more prone to large swings that can quickly change its market value.

On this episode, Carol and Tim speak with:
Bailey Lipschultz, Bloomberg News IPO Reporter on SpaceX's continued rally
Simon White, Bloomberg Macro Strategist On The GPU Is Wall Street’s New Real Estate Trade
Mike Dinsdale, CEO at Powerlaw
David Roman, US MedTech and Healthcare IT Research Analyst, Goldman Sachs AND Madison Muller, Bloomberg News US Health Care Reporter

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>.
SpaceX jumped for a third straight day on Tuesday, overtaking Amazon.com in value to become the fifth-largest stock in the world.
Shares closed 4.8% higher, pushing its market capitalization to $2.65 trillion, roughly $8 billion higher than Amazon&rsquo;s. At the stock&rsquo;s intraday high, the market value of Elon Musk&rsquo;s rocket and AI company topped Microsoft to briefly become the world&rsquo;s fourth-largest stock.
At least some of the price action since its debut has been driven by the relatively small number of SpaceX shares available to trade, with only about 4.2% accessible on day one. That can make trading more volatile, with the stock more prone to large swings that can quickly change its market value.
On this episode, Carol and Tim speak with:
<ul>
<li>Bailey Lipschultz, Bloomberg News IPO Reporter on SpaceX's continued rally</li>
<li>Simon White, Bloomberg Macro Strategist On The GPU Is Wall Street&rsquo;s New Real Estate Trade</li>
<li>Mike Dinsdale, CEO at Powerlaw</li>
<li>David Roman, US MedTech and Healthcare IT Research Analyst, Goldman Sachs AND Madison Muller, Bloomberg News US Health Care Reporter</li>
</ul>

SpaceX Rallies For Third Straight Day, Becoming World's Fifth Largest Stock

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/755269ca-dd8d-464b-aa51-b46b016bbf9d/transcript

Goldman to Make Annual Cut of Underperformers

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