Acting CFTC Chair Caroline Pham offers her assessment of the commodities and derivatives markets amid recent volatility, the viability of the crypto industry, and why DOGE budget cuts are not currently a threat to her agency.

Acting CFTC Chair Caroline Pham offers her assessment of the commodities and derivatives markets amid recent volatility, the viability of the crypto industry, and why DOGE budget cuts are not currently a threat to her agency.

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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

ICYMI: CFTC's Caroline Pham on Market Volatility

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/982e5d54-5377-4c2a-b566-b2c9016d3e45/transcript

As Washington battles over tariffs and supply chains, and Wall Street fixates on AI infrastructure, a new tech cluster is quietly thriving – and it’s not in Silicon Valley. It’s California’s state capital: Sacramento. The city – less than 90 miles from the Bay Area – is seeing unprecedented industry momentum (it’s home to nine global chips companies and offers 26x more semiconductor growth capital than the U.S. average). Greater Sacramento is outpacing the Bay Area in semiconductor job growth: According to the Greater Sacramento Economic Council, the region is expected to exceed state averages in GDP growth and job creation through 2026 — and is the #1 California market for semiconductor growth.

Barry Broome is President and CEO of the Sacramento Economic Council. He discusses how Sacramento is a new CA hub for tech/industry as the Bay Area remains pricy and businesses deal with continued regulations. He speaks with Carol Massar and Tim Stenovec.

As Washington battles over tariffs and supply chains, and Wall Street fixates on AI infrastructure, a new tech cluster is quietly thriving &ndash; and it&rsquo;s not in Silicon Valley. It&rsquo;s California&rsquo;s state capital: Sacramento. The city &ndash; less than 90 miles from the Bay Area &ndash; is seeing unprecedented industry momentum (it&rsquo;s home to nine global chips companies and offers 26x more semiconductor growth capital than the U.S. average). Greater Sacramento is outpacing the Bay Area in semiconductor job growth: According to the Greater Sacramento Economic Council, the region is expected to exceed state averages in GDP growth and job creation through 2026 &mdash; and is the #1 California market for semiconductor growth.
Barry Broome is President and CEO of the Sacramento Economic Council. He discusses how Sacramento is a new CA hub for tech/industry as the Bay Area remains pricy and businesses deal with continued regulations. He speaks with Carol Massar and Tim Stenovec.

Sacramento as New Hub for Semiconductor Job Growth

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ff5c4259-a15b-4bd4-9c24-b433014b0ec6/transcript

The people, companies and trends shaping the global economy.

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

Kevin Warsh repeatedly pledged to act independently if he’s confirmed as the next Federal Reserve chair, rejecting Democratic concerns he would be a “sock puppet” for President Donald Trump, who continues to demand lower interest rates.

Warsh, in testimony before the Senate Banking Committee Tuesday, called for a slew of changes to the way the US central bank makes its decisions, including a new framework for dealing with persistent inflation and a new way of communicating with the public. But he provided few specifics and avoided answering questions about the near-term path of interest rates.

He also insisted the president never asked him to commit to any particular rate decision.“The president nominated me for the position, and I’ll be an independent actor if confirmed as chairman of the Federal Reserve,” Warsh said, in response to questions from Democrats about how he planned to handle pressure from Trump.

In her opening remarks, the senior Democrat on the panel, Senator Elizabeth Warren said Warsh would be Trump’s “sock puppet” at the Fed.

“Kevin Warsh hit all the right notes to reassure his supporters on the committee that he will push forward his idea of regime change at the Fed,” Joseph Brusuelas, chief economist at RSM. “He said nothing that will disrupt his path to being approved, if it makes it to the floor of the Senate.”

Treasuries fell as strong economic data and higher oil prices prompted traders to scale back rate-cut expectations, overshadowing testimony from Warsh. The policy-sensitive two-year note climbed as much as seven basis points to 3.79% as US crude oil rose back above $90 a barrel.

Today's show features:
Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent on Kevin Warsh's Hearing
Jitania Kandhari, Deputy CIO of Solutions and Multi-Asset Group at Morgan Stanley Investment Management
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, on Apple Names John Ternus as new CEO
Samantha Dart, Co-Head of Global Commodities Research at Goldman Sachs
Anil Chakravarthy, President of Digital Experiences Business at Adobe on the company’s Agentic AI Strategy

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>.
Kevin Warsh repeatedly pledged to act independently if he&rsquo;s confirmed as the next Federal Reserve chair, rejecting Democratic concerns he would be a &ldquo;sock puppet&rdquo; for President Donald Trump, who continues to demand lower interest rates.
Warsh, in testimony before the Senate Banking Committee Tuesday, called for a slew of changes to the way the US central bank makes its decisions, including a new framework for dealing with persistent inflation and a new way of communicating with the public. But he provided few specifics and avoided answering questions about the near-term path of interest rates.
He also insisted the president never asked him to commit to any particular rate decision.&ldquo;The president nominated me for the position, and I&rsquo;ll be an independent actor if confirmed as chairman of the Federal Reserve,&rdquo; Warsh said, in response to questions from Democrats about how he planned to handle pressure from Trump.
In her opening remarks, the senior Democrat on the panel, Senator Elizabeth Warren said Warsh would be Trump&rsquo;s &ldquo;sock puppet&rdquo; at the Fed.
&ldquo;Kevin Warsh hit all the right notes to reassure his supporters on the committee that he will push forward his idea of regime change at the Fed,&rdquo; Joseph Brusuelas, chief economist at RSM. &ldquo;He said nothing that will disrupt his path to being approved, if it makes it to the floor of the Senate.&rdquo;
Treasuries fell as strong economic data and higher oil prices prompted traders to scale back rate-cut expectations, overshadowing testimony from Warsh. The policy-sensitive two-year note climbed as much as seven basis points to 3.79% as US crude oil rose back above $90 a barrel.
Today's show features:
<ul>
<li>Michael McKee, Bloomberg TV and Radio International Economics &amp; Policy Correspondent on Kevin Warsh's Hearing</li>
<li>Jitania Kandhari, Deputy CIO of Solutions and Multi-Asset Group at Morgan Stanley Investment Management</li>
<li>Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, on Apple Names John Ternus as new CEO</li>
<li>Samantha Dart, Co-Head of Global Commodities Research at Goldman Sachs</li>
<li>Anil Chakravarthy, President of Digital Experiences Business at Adobe on the company&rsquo;s Agentic AI Strategy</li>
</ul>

Kevin Warsh Pledges Independence But Dodges Questions on Rates

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/606ee3c7-0b7f-41db-b066-b43301550825/transcript

Lauren Berger and Marla Felton are the founders of REAL Cookies who are on mission to make healthier snacks for kids and adults through tasty gluten and grain-free, plant-based cookies. Bringing their knowledge of real food and real ingredients to their community, Lauren & Marla, introduced Real Food is Fuel, a nutrition label curriculum to elementary students, grades 2-5. Now, they have taken the brand from Pandemic startup to securing a strategic merger with Creations Foods USA Inc. to create a new, vertically integrated consumer packaged goods (CPG) platform dedicated to healthier, better-for-you snacking across North America.


Creations Foods owns such brands as HighKey Snacks, a manufacturer of high protein, low carbohydrate snacks formulated with reduced sugar; Moon Cheese, a manufacturer of baked cheese snacks; Aw Yeah Snacks, a manufacturer of cookies that feature bold and intense flavors; and now Real & Real Cookie Poppers, dairy-free, gluten and grain-free cookies that are formulated with minimal ingredients. They speak with Bloomberg's Carol Massar and Tim Stenovec.

<a href="https://realcookiesco.com/" data-destination="https://realcookiesco.com/">Lauren Berger and Marla Felton are the founders of REAL</a> Cookies who are on mission to make healthier snacks for kids and adults through tasty gluten and grain-free, plant-based cookies. Bringing their knowledge of real food and real ingredients to their community, Lauren &amp; Marla, introduced Real Food is Fuel, a nutrition label curriculum to elementary students, grades 2-5. Now, they have taken the brand from Pandemic startup to securing a strategic merger with Creations Foods USA Inc. to create a new, vertically integrated consumer packaged goods (CPG) platform dedicated to healthier, better-for-you snacking across North America. <a href="https://www.creationsfoods.com/" data-destination="https://www.creationsfoods.com/"></a>
<a href="https://www.creationsfoods.com/" data-destination="https://www.creationsfoods.com/">Creations Foods</a> owns such brands as HighKey Snacks, a manufacturer of high protein, low carbohydrate snacks formulated with reduced sugar; Moon Cheese, a manufacturer of baked cheese snacks; Aw Yeah Snacks, a manufacturer of cookies that feature bold and intense flavors; and now Real &amp; Real Cookie Poppers, dairy-free, gluten and grain-free cookies that are formulated with minimal ingredients. They speak with Bloomberg's Carol Massar and Tim Stenovec.

Better For You Snacking

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3ee9b1bc-a07a-4190-bc10-b43201439cff/transcript

ICYMI: CFTC's Caroline Pham on Market Volatility

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