A divided US Supreme Court let President Donald Trump resume dismantling the Department of Education, lifting a lower court order that required the reinstatement of as many as 1,400 workers.

Granting an emergency request from the administration, the justices put on hold a federal district court ruling that said the Trump purge would leave the department unable to perform duties required under US law. The Supreme Court order will apply while the case continues on appeal.

Bloomberg News Supreme Court reporter Greg Stohr breaks down the High Court's decision with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily. 

A divided US Supreme Court let President Donald Trump resume dismantling the Department of Education, lifting a lower court order that required the reinstatement of as many as 1,400 workers.
Granting an emergency request from the administration, the justices put on hold a federal district court ruling that said the Trump purge would leave the department unable to perform duties required under US law. The Supreme Court order will apply while the case continues on appeal.
Bloomberg News Supreme Court reporter Greg Stohr breaks down the High Court's decision with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily.&nbsp;

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

ICYMI: Supreme Court Lets Trump Continue Education Department Purge

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4747b2c3-4664-4475-a47d-b31a01551985/transcript

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

Chip stocks posted their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. 

The Philadelphia Stock Exchange Semiconductor Index jumped 3.9% on Tuesday to bring its second-quarter gain to 88%, its best quarter ever. It soared 101% in the first half, putting it on track for its best year in its history. In contrast, the tech-heavy Nasdaq 100 Index climbed 28% in the second quarter, while the S&P 500 Index rose 15%. It was both of their best quarters since 2020, but the performances were dwarfed by the surge in chip stocks. 

On this episode, Carol and Tim speak with:
Ian King, Bloomberg News US Semiconductor Reporter
Dan Suzuki, Global Investment Strategist, iCapital
Georgia Hall, Bloomberg News FX and Rates Reporter AND Francesca Maglione, Bloomberg News California Reporter on Big Take: The 250-Year-Old American Dream Is Fading for Dreamers Overseas
Yogesh Gupta, CEO at Progress Software

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>.
Chip stocks posted their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go.&nbsp;
The Philadelphia Stock Exchange Semiconductor Index jumped 3.9% on Tuesday to bring its second-quarter gain to 88%, its best quarter ever. It soared 101% in the first half, putting it on track for its best year in its history. In contrast, the tech-heavy Nasdaq 100 Index climbed 28% in the second quarter, while the S&amp;P 500 Index rose 15%. It was both of their best quarters since 2020, but the performances were dwarfed by the surge in chip stocks.&nbsp;
On this episode, Carol and Tim speak with:
<ul>
<li>Ian King, Bloomberg News US Semiconductor Reporter</li>
<li>Dan Suzuki, Global Investment Strategist, iCapital</li>
<li>Georgia Hall, Bloomberg News FX and Rates Reporter AND Francesca Maglione,&nbsp;Bloomberg News California Reporter on Big Take: The 250-Year-Old American Dream Is Fading for Dreamers Overseas</li>
<li>Yogesh Gupta, CEO at Progress Software</li>
</ul>

Chip Stocks Put Up Their Best Quarter Ever Despite Wild Swings

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/59ab5286-8b27-4dda-9f6a-b47901694a51/transcript

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

Steven Hammer was once a literary star. Now, his career is floundering, his marriage to a high-powered woman is crumbling, and the only bright spot in his life is Astrid, the Norwegian au pair who cares for their children—and reveres his neglected novels. But what begins as a secret infatuation soon spirals into a scandal that makes them both infamous. With inexorable momentum and sly, lucid prose, Teddy Wayne’s The Au Pair is a sleek literary thriller about desire, deception, and the unraveling of a man as he grapples with his fading relevance—when the lies others spin pale beside the fictions we tell ourselves

For more, Carol Massar Tim Stenovec speak with Teddy Wayne, Author of 'The Au Pair'

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>. Steven Hammer was once a literary star. Now, his career is floundering, his marriage to a high-powered woman is crumbling, and the only bright spot in his life is Astrid, the Norwegian au pair who cares for their children&mdash;and reveres his neglected novels. But what begins as a secret infatuation soon spirals into a scandal that makes them both infamous. With inexorable momentum and sly, lucid prose, Teddy Wayne&rsquo;s The Au Pair is a sleek literary thriller about desire, deception, and the unraveling of a man as he grapples with his fading relevance&mdash;when the lies others spin pale beside the fictions we tell ourselves For more, Carol Massar Tim Stenovec speak with Teddy Wayne, Author of 'The Au Pair'

Teddy Wayne, Author of 'The Au Pair'

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f52a11ae-4e7c-477c-8e4e-b4780159b391/transcript

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

Comcast Corp. plans to spin off NBCUniversal and Sky, unwinding a strategy that began more than a decade ago after struggling to demonstrate that a cable and media conglomerate would benefit shareholders.

A new company, NBCUniversal, will hold the theme parks division, Universal film and television studios, the NBC and Telemundo broadcast networks, Peacock streaming service, and Bravo cable channel as well as the European media business, Sky. Comcast will hold the company’s original cable-TV, broadband and wireless businesses.

The deal, which came as a surprise to many investors, nevertheless reflects a trend as the media industry grapples with declining cable viewership.
Separating the two businesses is “the only way to unlock value,” Vikash Harlalka, an analyst at New Street Research, said. The move is a precursor for allowing Comcast to focus on mergers and acquisitions in both the cable and media sectors once the separation is complete, Harlalka said.

On this episode, Carol Massar Tim Stenovec speak with:
Chris Palmeri, Bloomberg News Senior Editor and Entertainment Team Leader
James Seyffart, Bloomberg Intelligence Senior Research Analyst on SpaceX ETF Frenzy Leads to Fund’s Trading Halt After 89% Surge / Leverage That Fueled US Stock Rally Becomes a Growing Concern
Cynthia Chen, CEO, Kikoff on state of American consumer, credit card debt and Kikoff's credit building platform
Former. Gov. Eric Holcomb (R-IN) and Co-Founder of RAISE 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>. Comcast Corp. plans to spin off NBCUniversal and Sky, unwinding a strategy that began more than a decade ago after struggling to demonstrate that a cable and media conglomerate would benefit shareholders. A new company, NBCUniversal, will hold the theme parks division, Universal film and television studios, the NBC and Telemundo broadcast networks, Peacock streaming service, and Bravo cable channel as well as the European media business, Sky. Comcast will hold the company&rsquo;s original cable-TV, broadband and wireless businesses. The deal, which came as a surprise to many investors, nevertheless reflects a trend as the media industry grapples with declining cable viewership. Separating the two businesses is &ldquo;the only way to unlock value,&rdquo; Vikash Harlalka, an analyst at New Street Research, said. The move is a precursor for allowing Comcast to focus on mergers and acquisitions in both the cable and media sectors once the separation is complete, Harlalka said. On this episode, Carol Massar Tim Stenovec speak with:
<ul>
<li>Chris Palmeri, Bloomberg News&nbsp;Senior Editor and Entertainment Team Leader</li>
<li>James Seyffart, Bloomberg Intelligence Senior Research Analyst&nbsp;on SpaceX ETF Frenzy Leads to Fund&rsquo;s Trading Halt After 89% Surge / Leverage That Fueled US Stock Rally Becomes a Growing Concern</li>
<li>Cynthia Chen, CEO, Kikoff&nbsp;on state of American consumer, credit card debt and Kikoff's credit building platform</li>
<li>Former. Gov. Eric Holcomb (R-IN) and Co-Founder of RAISE US</li>
</ul>

Comcast to Spin Off NBCUniversal in Surprise Strategy Reversal

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5c7536b7-04d9-4f40-b3dd-b4780152b10e/transcript

ICYMI: Supreme Court Lets Trump Continue Education Department Purge

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