Michèle Lamont, Professor of Sociology at Harvard University, discusses her book Seeing Others: How Recognition Works and How It Can Heal a Divided World.
Hosts: Tim Stenovec and Simone Foxman. Producer: Paul Brennan. 

Michèle Lamont, Professor of Sociology at Harvard University, discusses her book Seeing Others: How Recognition Works and How It Can Heal a Divided World. Hosts: Tim Stenovec and Simone Foxman. Producer: Paul Brennan.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

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

Illuminating an Inclusive Path Through Recognition

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ef7ac124-b6e8-41d7-95f1-b07e00cbbfca/transcript

The people, companies and trends shaping the global economy.

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

A tech selloff dragged down stocks from near-record levels amid a rotation into more economically sensitive industries. A flare-up in geopolitical risks lifted oil while gold bounced after a historic rout. Bitcoin hit the lowest since President Donald Trump’s election victory.

The plunge in software makers weighed on trading as Anthropic’s automation tool heightened concerns their core businesses are at risk. The S&P 500 fell 0.8% and the Nasdaq 100 slid 1.6%. In late hours, Advanced Micro Devices Inc. gave a disappointing forecast. Energy firms joined crude higher as the US Navy shot down an Iranian drone headed toward an aircraft carrier in the Arabian Sea.

Despite losses in major benchmarks, most shares in the S&P 500 actually rose. FedEx Corp. - an economic barometer - extended a record-breaking rally. Walmart Inc. topped $1 trillion.

Bets on AI companies have dominated the US equity market for three years, but a growing number of investors are now wagering that run, led by the “Magnificent Seven” megacaps, is giving way to broader market participation. In fact, a violent rotation has taken place in 2026, with value shares far outpacing growth.

Today's show features:
Bloomberg News Senior Editor, Equities Americas Eric Weiner on the Tuesday trade and Wall Street’s rising jitters centered around AI’s impact on software companies
Neil Dutta, Partner and Head of Economics at Renaissance Macro Research, on the US monetary policy outlook and President Donald Trump choosing Kevin Warsh as his nominee to lead the Federal Reserve
Bloomberg News Real Estate Reporter Patrick Clark on homebuilders’ plan for a massive program to develop "Trump Homes" to address the US affordability crisis
Jaime Magyera, Managing Director, Head of US Wealth Advisory and Head of Retirement at BlackRock, on key investing and retirement planning trends

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>.
A tech selloff dragged down stocks from near-record levels amid a rotation into more economically sensitive industries. A flare-up in geopolitical risks lifted oil while gold bounced after a historic rout. Bitcoin hit the lowest since President Donald Trump&rsquo;s election victory.
The plunge in software makers weighed on trading as Anthropic&rsquo;s automation tool heightened concerns their core businesses are at risk. The S&amp;P 500 fell 0.8% and the Nasdaq 100 slid 1.6%. In late hours, Advanced Micro Devices Inc. gave a disappointing forecast. Energy firms joined crude higher as the US Navy shot down an Iranian drone headed toward an aircraft carrier in the Arabian Sea.
Despite losses in major benchmarks, most shares in the S&amp;P 500 actually rose. FedEx Corp. - an economic barometer - extended a record-breaking rally. Walmart Inc. topped $1 trillion.
Bets on AI companies have dominated the US equity market for three years, but a growing number of investors are now wagering that run, led by the &ldquo;Magnificent Seven&rdquo; megacaps, is giving way to broader market participation. In fact, a violent rotation has taken place in 2026, with value shares far outpacing growth. Today's show features:
<ul>
<li>Bloomberg News Senior Editor, Equities Americas Eric Weiner on the Tuesday trade and Wall Street&rsquo;s rising jitters centered around AI&rsquo;s impact on software companies</li>
<li>Neil Dutta, Partner and Head of Economics at Renaissance Macro Research, on the US monetary policy outlook and President Donald Trump choosing Kevin Warsh as his nominee to lead the Federal Reserve</li>
<li>Bloomberg News Real Estate Reporter Patrick Clark on homebuilders&rsquo; plan for a massive program to develop "Trump Homes" to address the US affordability crisis</li>
<li>Jaime Magyera, Managing Director, Head of US Wealth Advisory and Head of Retirement at BlackRock, on key investing and retirement planning trends</li>
</ul>

Stock Rotation Hits Tech Giants as Small Caps Rise

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2f962f6c-e659-4c22-ad24-b3e60170b7c1/transcript

Brazilian fintech company PicPay launched in 2012 as a digital wallet and now operates as a full-service digital bank with nearly 66 million customers. Controlled by the Batista family, owners of JBS, PicPay has posted strong revenue and profit growth, becoming one of the first major Brazilian companies to tap US equity markets since Nu Holdings’ blockbuster IPO in 2021. The offering was led by Citigroup, Bank of America, and Royal Bank of Canada. 

Eduardo Chedid is the CEO of PicPay. He has more than 20 years of experience in the electronic payment sector and has helped build PicPay into Brazil's third-largest digital bank. Eduardo discusses to firm's US market debut, and prospects for continued growth in the fintech sector with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Brazilian fintech company PicPay launched in 2012 as a digital wallet and now operates as a full-service digital bank with nearly 66 million customers. Controlled by the Batista family, owners of JBS, PicPay has posted strong revenue and profit growth, becoming one of the first major Brazilian companies to tap US equity markets since Nu Holdings&rsquo; blockbuster IPO in 2021. The offering was led by Citigroup, Bank of America, and Royal Bank of Canada.&nbsp;
Eduardo Chedid is the CEO of PicPay. He has more than 20 years of experience in the electronic payment sector and has helped build PicPay into Brazil's third-largest digital bank. Eduardo discusses to firm's US market debut, and prospects for continued growth in the fintech sector with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Picpay CEO Eduardo Chedid on the Rise of Brazil's Fintech Players

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0ec93109-eed5-4ea0-be28-b3e5016d235e/transcript

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

Elon Musk plans to merge SpaceX with xAI, according to people familiar with the matter, in a deal that encompasses the billionaire’s increasingly costly ambitions to dominate artificial intelligence and space exploration.

The deal was announced in a memo on Monday, the people said, asking not to be identified as the information isn’t public. The combined company is expected to price the shares at about $527 each, and would have a valuation of $1.25 trillion, some of the people said.
Representatives for SpaceX and xAI didn’t immediately respond to requests for comment.
Bloomberg News earlier reported on the discussions. SpaceX is planning an initial public offering that could raise as much as $50 billion, Bloomberg News has reported. It also discussed a possible merger with Tesla.

The deal brings together two of the largest closely held companies in the world. XAI raised funds at a $230 billion valuation in January, while SpaceX was set to go ahead with a share sale in December at about a valuation of about $800 billion, Bloomberg reported, and is exploring a possible IPO.

It also further entangles Musk’s various business ventures. The billionaire acquired social media platform Twitter in late 2022, renamed it X, then merged the site with his artificial intelligence startup xAI in a $33 billion deal. XAI, which also operates chatbot Grok, is an expensive operation, burning around $1 billion a month in service of its stated ambition to gain “a deeper understanding of our universe.” A merger with SpaceX pools capital, talent, access to compute — and blurs corporate boundaries.

The tie-up may crystallize Musk’s vision to put data centers in space to do complex computing for AI. SpaceX is requesting permission to launch as many as a million satellites into the Earth’s orbit for the plan, according to a filing Friday.

Today's show features:
Gil Luria, Managing Director and Head of Technology Research at DA Davidson, breaks down quarterly earnings from Palantir and and Elon Musk's plans to merge SpaceX with xAI
Bloomberg Tech Co-host Ed Ludlow on how Elon Musk aims to dominate both artificial intelligence and space exploration
Jayati Bharadwaj, Director of FX Strategy at TD Securities, on the recent weakening in the US dollar
Paisley Nardini, Head of Multi-Asset Solutions at Simplify Asset Management, on why she sees the rotation trade into value stocks taking hold

 

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>. Elon Musk plans to merge SpaceX with xAI, according to people familiar with the matter, in a deal that encompasses the billionaire&rsquo;s increasingly costly ambitions to dominate artificial intelligence and space exploration. The deal was announced in a memo on Monday, the people said, asking not to be identified as the information isn&rsquo;t public. The combined company is expected to price the shares at about $527 each, and would have a valuation of $1.25 trillion, some of the people said. Representatives for SpaceX and xAI didn&rsquo;t immediately respond to requests for comment. Bloomberg News earlier reported on the discussions. SpaceX is planning an initial public offering that could raise as much as $50 billion, Bloomberg News has reported. It also discussed a possible merger with Tesla. The deal brings together two of the largest closely held companies in the world. XAI raised funds at a $230 billion valuation in January, while SpaceX was set to go ahead with a share sale in December at about a valuation of about $800 billion, Bloomberg reported, and is exploring a possible IPO. It also further entangles Musk&rsquo;s various business ventures. The billionaire acquired social media platform Twitter in late 2022, renamed it X, then merged the site with his artificial intelligence startup xAI in a $33 billion deal. XAI, which also operates chatbot Grok, is an expensive operation, burning around $1 billion a month in service of its stated ambition to gain &ldquo;a deeper understanding of our universe.&rdquo; A merger with SpaceX pools capital, talent, access to compute &mdash; and blurs corporate boundaries. The tie-up may crystallize Musk&rsquo;s vision to put data centers in space to do complex computing for AI. SpaceX is requesting permission to launch as many as a million satellites into the Earth&rsquo;s orbit for the plan, according to a filing Friday. Today's show features:
<ul>
<li>Gil Luria, Managing Director and Head of Technology Research at DA Davidson, breaks down quarterly earnings from Palantir and and Elon Musk's plans to merge SpaceX with xAI</li>
<li>Bloomberg Tech Co-host Ed Ludlow on how Elon Musk aims to dominate both artificial intelligence and space exploration</li>
<li>Jayati Bharadwaj, Director of FX Strategy at TD Securities, on the recent weakening in the US dollar</li>
<li>Paisley Nardini, Head of Multi-Asset Solutions at Simplify Asset Management, on why she sees the rotation trade into value stocks taking hold</li>
</ul>
&nbsp;

Musk’s SpaceX Said to Combine with xAI Ahead of Mega IPO

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/50276ea9-c7bc-4237-aba6-b3e5016ea07f/transcript

Illuminating an Inclusive Path Through Recognition

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