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Vice President Kamala Harris formally accepted the Democratic presidential nomination on Thursday, in a historic step that kicks off a three-month dash to Election Day. 

Balance of Power co-hosts Joe Mathieu and Kailey Leinz speak to Bloomberg politics contributors Rick Davis and Jeanne Sheehan Zaino for instant reaction and analysis of Kamala Harris' address to close out the Democratic National Convention in Chicago. 

Vice President Kamala Harris formally accepted the Democratic presidential nomination on Thursday, in a historic step that kicks off a three-month dash to Election Day. 
Balance of Power co-hosts Joe Mathieu and Kailey Leinz speak to Bloomberg politics contributors Rick Davis and Jeanne Sheehan Zaino for instant reaction and analysis of Kamala Harris' address to close out the Democratic National Convention in Chicago.

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

Instant Reaction: Harris Accepts Historic Nomination

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6c43cf14-6f3b-4dce-acab-b1d5003d89b1/transcript

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

Iran’s new supreme leader said the Strait of Hormuz should remain shut and Tehran will look to open other fronts in the war if the US and Israel persist with their attacks.

In his first public comments since succeeding his father at the weekend, Mojtaba Khamenei said the Islamic Republic would seek to ensure the critical waterway for oil and gas stays effectively closed — maintaining a choke on supplies that’s triggered a surge in global energy prices.

His statement — published on state media on Thursday — came as US President Donald Trump said preventing Iran from having nuclear weapons and being a threat to the Middle East is “of far greater interest and importance to me” than the cost of oil.The defiance shown by both leaders indicates that the war in the Middle East isn’t close to a de-escalation after almost two weeks of fighting. Israel launched a fresh wave of large-scale strikes across Iran on Thursday, while the Islamic Republic stepped up attacks on Dubai and shipping assets.

Today's show features:
Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst
Rockford Weitz, Tufts University's Fletcher School of Law and Diplomacy Professor of Practice & Director of the Maritime Studies Program
Jason Greenblath, American Century Investments Senior Portfolio Manager
Michael Lohan, CEO of IDA Ireland

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>. Iran&rsquo;s new supreme leader said the Strait of Hormuz should remain shut and Tehran will look to open other fronts in the war if the US and Israel persist with their attacks. In his first public comments since succeeding his father at the weekend, Mojtaba Khamenei said the Islamic Republic would seek to ensure the critical waterway for oil and gas stays effectively closed &mdash; maintaining a choke on supplies that&rsquo;s triggered a surge in global energy prices. His statement &mdash; published on state media on Thursday &mdash; came as US President Donald Trump said preventing Iran from having nuclear weapons and being a threat to the Middle East is &ldquo;of far greater interest and importance to me&rdquo; than the cost of oil.The defiance shown by both leaders indicates that the war in the Middle East isn&rsquo;t close to a de-escalation after almost two weeks of fighting. Israel launched a fresh wave of large-scale strikes across Iran on Thursday, while the Islamic Republic stepped up attacks on Dubai and shipping assets. Today's show features:
<ul>
<li>Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst</li>
<li>Rockford Weitz, Tufts University's Fletcher School of Law and Diplomacy Professor of Practice &amp; Director of the Maritime Studies Program</li>
<li>Jason Greenblath, American Century Investments Senior Portfolio Manager</li>
<li>Michael Lohan, CEO of IDA Ireland</li>
</ul>

Iran Leader Says Strait of Hormuz to Stay Shut

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a28f9e58-3fc4-42f7-9880-b40b015467e6/transcript

WWE Superstar Charlotte Flair (Ashley Fliehr) has joined Self-Care Is For Everyone (SCIFE) as the brand’s first Angel Investor and official Brand Champion. Ashley’s investment will directly fund SCIFE’s expansion from a viral apparel-led advocacy brand into a multi-platform mental health media and product company. For Ashley, this investment is deeply personal — as an elite performer who has navigated the pressures of global visibility, injury, reinvention, and resilience, she believes mental strength and emotional well-being are foundational to long-term success. 

Backing SCIFE is her commitment to normalizing self-care conversations and ensuring mental health support is accessible, aspirational, and stigma-free for the next generation. She speaks with Bloomberg's Carol Massar and Norah Mulinda.

WWE Superstar Charlotte Flair (Ashley Fliehr) has joined Self-Care Is For Everyone (SCIFE) as the brand&rsquo;s first Angel Investor and official Brand Champion. Ashley&rsquo;s investment will directly fund SCIFE&rsquo;s expansion from a viral apparel-led advocacy brand into a multi-platform mental health media and product company. For Ashley, this investment is deeply personal &mdash; as an elite performer who has navigated the pressures of global visibility, injury, reinvention, and resilience, she believes mental strength and emotional well-being are foundational to long-term success. Backing SCIFE is her commitment to normalizing self-care conversations and ensuring mental health support is accessible, aspirational, and stigma-free for the next generation. She speaks with Bloomberg's Carol Massar and Norah Mulinda.

WWE's Charlotte Flair on Investing in Self-Care is For Everyone 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e3663be8-df96-4b68-875d-b40a01532f94/transcript

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

A key measure of US inflation was tame at the start of the year. But another metric is shaping up to paint a very different picture.Wednesday’s report on the consumer price index showed core inflation, which excludes food and energy costs, was mild in both January and February — a pleasant surprise as companies tend to raise prices at the turn of the year. Yet economists expect another gauge, one preferred by the Federal Reserve and set for release on Friday, was probably rather strong in both months.

The fact that the personal consumption expenditures price index has been outpacing the CPI is already unusual. Typically it’s been the other way around, as a higher weighting on housing costs in the CPI tends to keep that measure relatively elevated.
Now the wedge appears to be deepening. Should the core PCE rise 3.1% in the year through January as economists expect, it would exceed the annual core CPI by one of the widest margins in decades.

The divergence began before the Iran war, which has sent oil prices sharply higher and renewed risks of a broader acceleration in inflation. That puts the Fed in a tough spot. While policymakers are broadly expected to leave interest rates unchanged next week, a sustained pickup in price pressures would make it difficult for officials to justify resuming rate cuts in coming months to shore up a fragile labor market.

The PCE price index, a product of the Bureau of Economic Analysis, draws from the CPI for several price categories. In the wake of the latest CPI data, economists were quick to boost their forecast for the February core PCE price index, which is due April 9. Several projected it would rise 0.4% for a second month, with some penciling in a bigger pickup.

Today's show features:
Yelena Shulyatyeva, The Conference Board Senior US Economist, on today's CPI reaction as we count down to next Fed decision
Gerry Doyle, Bloomberg News Global Defense Editor on Iran’s Cheap, Plentiful Weaponry Puts US Military Under Strain
Gary Evans, US Antimony CEO on the company's $27M award from Dept of Defense under the Defense Production Act
Ellen Wald, Transversal Consulting & Atlantic Council Senior Fellow on the latest in the oil markets

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>. A key measure of US inflation was tame at the start of the year. But another metric is shaping up to paint a very different picture.Wednesday&rsquo;s report on the consumer price index showed core inflation, which excludes food and energy costs, was mild in both January and February &mdash; a pleasant surprise as companies tend to raise prices at the turn of the year. Yet economists expect another gauge, one preferred by the Federal Reserve and set for release on Friday, was probably rather strong in both months. The fact that the personal consumption expenditures price index has been outpacing the CPI is already unusual. Typically it&rsquo;s been the other way around, as a higher weighting on housing costs in the CPI tends to keep that measure relatively elevated. Now the wedge appears to be deepening. Should the core PCE rise 3.1% in the year through January as economists expect, it would exceed the annual core CPI by one of the widest margins in decades. The divergence began before the Iran war, which has sent oil prices sharply higher and renewed risks of a broader acceleration in inflation. That puts the Fed in a tough spot. While policymakers are broadly expected to leave interest rates unchanged next week, a sustained pickup in price pressures would make it difficult for officials to justify resuming rate cuts in coming months to shore up a fragile labor market. The PCE price index, a product of the Bureau of Economic Analysis, draws from the CPI for several price categories. In the wake of the latest CPI data, economists were quick to boost their forecast for the February core PCE price index, which is due April 9. Several projected it would rise 0.4% for a second month, with some penciling in a bigger pickup. Today's show features:
<ul>
<li>Yelena Shulyatyeva, The Conference Board Senior US Economist, on today's CPI reaction as we count down to next Fed decision</li>
<li>Gerry Doyle, Bloomberg News Global Defense Editor on Iran&rsquo;s Cheap, Plentiful Weaponry Puts US Military Under Strain</li>
<li>Gary Evans, US Antimony CEO on the company's $27M award from Dept of Defense under the Defense Production Act</li>
<li>Ellen Wald, Transversal Consulting &amp; Atlantic Council Senior Fellow on the latest in the oil markets</li>
</ul>

 Tame CPI Still Spells Trouble for Fed’s Favored Inflation Gauge

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/41493d0f-22cb-4072-9854-b40a01532838/transcript

Instant Reaction: Harris Accepts Historic Nomination

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