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Mick Mulroy, co-founder of the Lobo Institute and former CIA paramilitary officer joins alongside Bloomberg Opinion columnist Bobby Ghosh to discuss the latest in the Israel-Hamas conflict, after a week of diplomatic visits and as violence continues to escalate.

Tom McGee, President of ICSC joins to give his forecast for the upcoming holiday spending season. 

Plus, Bloomberg Businessweek editor Joel Weber and Bloomberg News Canada Real Estate reporter Ari Altstedter join to talk about Lululemon founder Chip Wilson's race to find a cure for a rare form of muscular dystrophy. 

Mick Mulroy, co-founder of the Lobo Institute and former CIA paramilitary officer joins alongside Bloomberg Opinion columnist Bobby Ghosh to discuss the <a href="https://www.bloomberg.com/news/articles/2023-10-20/us-pressing-israel-to-delay-gaza-invasion-to-win-hostage-release">latest in the Israel-Hamas conflict</a>, after a week of diplomatic visits and as violence continues to escalate.
Tom McGee, President of ICSC joins to give his forecast for the upcoming holiday spending season. 
Plus, Bloomberg Businessweek editor Joel Weber and Bloomberg News Canada Real Estate reporter Ari Altstedter join to talk about Lululemon founder Chip Wilson's <a href="https://www.bloomberg.com/news/features/2023-10-20/lululemon-founder-chip-wilson-races-to-find-muscular-dystrophy-cure">race to find a cure for a rare form of muscular dystrophy</a>.

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

Growing Middle East Concerns, A Billionaire's Quest for a Cure

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2b049adc-2323-4668-bd24-b0a1016a9d4d/transcript

For a few brief, shining moments, the dream of Milton Friedman must have seemed closer to reality in corporate America than ever before. Donald Trump had been reelected president, and the tax cuts and regulatory loosening he’d promised were on the horizon. Whatever leverage ordinary workers had managed to scrape together in the years following the Covid-19 pandemic had mostly been quashed, and surely the incoming administration would take care of what remained. Gone, too, were the days when executives would have to evince corporate disapproval of racism or sexism or homophobia if they didn’t feel like it, as many of them had been goaded into doing during #MeToo or the Black Lives Matter movement. They could get out of talking about politics—which is not quite the same as getting out of politics, period—and get back to maximizing shareholder value however they pleased..

Bloomberg Businessweek Senior Reporter Amanda Mull discusses how corporations have largely avoided criticizing Trump, with some leaders only speaking out after extreme circumstances, such as the killing of a Minnesota man by CBP agents, and even then their statements have been muted and avoided direct condemnation.

For a few brief, shining moments, the dream of Milton Friedman must have seemed closer to reality in corporate America than ever before. Donald Trump had been reelected president, and the tax cuts and regulatory loosening he&rsquo;d promised were on the horizon. Whatever leverage ordinary workers had managed to scrape together in the years following the Covid-19 pandemic had mostly been quashed, and surely the incoming administration would take care of what remained. Gone, too, were the days when executives would have to evince corporate disapproval of racism or sexism or homophobia if they didn&rsquo;t feel like it, as many of them had been goaded into doing during <a href="#MeToo" data-auto-tag="#" data-tag-id="1001" data-destination="#MeToo">#MeToo</a> or the Black Lives Matter movement. They could get out of talking about politics&mdash;which is not quite the same as getting out of politics, period&mdash;and get back to maximizing shareholder value however they pleased..
Bloomberg Businessweek Senior Reporter Amanda Mull discusses how corporations have largely avoided criticizing Trump, with some leaders only speaking out after extreme circumstances, such as the killing of a Minnesota man by CBP agents, and even then their statements have been muted and avoided direct condemnation.

Trump Has Called Bluff on the Era of Good Corporate Citizen

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3bb4a1c1-ffb0-4a9a-8c77-b3f601749257/transcript

The people, companies and trends shaping the global economy.

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

At least one structured note tied to Blue Owl Capital Inc. is being quoted at just 47 cents on the dollar after the asset manager restricted withdrawals from one of its retail-focused private funds.
The security, which was issued by a subsidiary of Citigroup Inc., is due later this year. Another 2028 note that was offered by a unit of JPMorgan Chase & Co. is quoted at about 68 cents, while a Bank of Nova Scotia instrument partly tied to Blue Owl was at 87 cents, according to data compiled by Bloomberg.

Structured notes are bonds with embedded derivatives, giving holders exposure to a number of assets, from stock prices to currencies and interest rates. There’s generally no secondary market for those bonds, with prices only coming from the banks that arranged them.

Blue Owl’s stock fell as much as 9.4% in New York on Thursday. The notes were already quoted below face value prior to the announcement about the withdrawal restrictions.The depressed prices underscore the pressure on Blue Owl, whose stock has already fallen by about a quarter this year.

The plan to limit withdrawals signaled a reversal from a previous arrangement to resume redemptions this quarter.

Today's show features:
Olivia Fishlow, Bloomberg News Leveraged Finance Reporter, on Blue Owl Drops as Redemption Halt Stirs Private Credit Concern
Dylan Field, Figma CEO, on earnings and collaboration with Anthropic
Kate Gulliver, Chief Financial Officer of Wayfair, on quarterly earnings and the health of the American consumer
Matthew O’Neill and Perri Peltz, co-producers & co-directors of ‘Can’t Look Away: The Case Against Social Media, on Mark Zuckerberg’s Day in Social Media Addiction Trial

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>.
At least one structured note tied to Blue Owl Capital Inc. is being quoted at just 47 cents on the dollar after the asset manager restricted withdrawals from one of its retail-focused private funds. The security, which was issued by a subsidiary of Citigroup Inc., is due later this year. Another 2028 note that was offered by a unit of JPMorgan Chase &amp; Co. is quoted at about 68 cents, while a Bank of Nova Scotia instrument partly tied to Blue Owl was at 87 cents, according to data compiled by Bloomberg.
Structured notes are bonds with embedded derivatives, giving holders exposure to a number of assets, from stock prices to currencies and interest rates. There&rsquo;s generally no secondary market for those bonds, with prices only coming from the banks that arranged them.
Blue Owl&rsquo;s stock fell as much as 9.4% in New York on Thursday. The notes were already quoted below face value prior to the announcement about the withdrawal restrictions.The depressed prices underscore the pressure on Blue Owl, whose stock has already fallen by about a quarter this year.
The plan to limit withdrawals signaled a reversal from a previous arrangement to resume redemptions this quarter.
Today's show features:
<ul>
<li>Olivia Fishlow, Bloomberg News Leveraged Finance Reporter, on Blue Owl Drops as Redemption Halt Stirs Private Credit Concern</li>
<li>Dylan Field, Figma CEO, on earnings and collaboration with Anthropic</li>
<li>Kate Gulliver, Chief Financial Officer of Wayfair, on quarterly earnings and the health of the American consumer</li>
<li>Matthew O&rsquo;Neill and Perri Peltz, co-producers &amp; co-directors of &lsquo;Can&rsquo;t Look Away: The Case Against Social Media, on Mark Zuckerberg&rsquo;s Day in Social Media Addiction Trial</li>
</ul>

A Blue Owl-Linked Structured Note Is Now Worth Just 47 Cents

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/329e3a31-2f53-4cb7-8f83-b3f60173d05e/transcript

Jeff Vaughn, a former CBS anchor, says a 2022 billboard convinced him that being White and male was becoming a liability, and he sued CBS in 2024 after being fired in 2023. The US Equal Employment Opportunity Commission is urging White men to come forward with complaints about their treatment by employers looking to diversify their workforces, with EEOC Chair Andrea Lucas saying that anti-discrimination laws apply equally to everyone.
Jeff Green, Bloomberg News Managing Diversity Reporter, writes how white men who sue their employers over perceived discrimination may face career damage, with experts saying that bringing a lawsuit can make it difficult to find a new job, as potential employers can discover the lawsuit with a basic Google search.

Jeff Vaughn, a former CBS anchor, says a 2022 billboard convinced him that being White and male was becoming a liability, and he sued CBS in 2024 after being fired in 2023. The US Equal Employment Opportunity Commission is urging White men to come forward with complaints about their treatment by employers looking to diversify their workforces, with EEOC Chair Andrea Lucas saying that anti-discrimination laws apply equally to everyone. Jeff Green, Bloomberg News Managing Diversity Reporter, writes how white men who sue their employers over perceived discrimination may face career damage, with experts saying that bringing a lawsuit can make it difficult to find a new job, as potential employers can discover the lawsuit with a basic Google search.

White Men Learn the Hidden Cost of Suing for Discrimination

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8c338e8e-3cca-47f4-b9a8-b3f5016ea348/transcript

Growing Middle East Concerns, A Billionaire's Quest for a Cure

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