Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.

Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.

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

Instant Reaction: Will the Fed Cut Quicker After This Selloff?

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

Anthropic PBC has disabled access to its most advanced artificial intelligence models, including Mythos, following an unprecedented order by the Trump administration to keep the technology out of the hands of all foreign nationals.

The US government told Anthropic to suspend access to the Fable 5 and Mythos 5 models by any foreign national “whether inside or outside the United States,” citing national security concerns, the company said in a statement. A US official confirmed the Commerce Department sent the letter. The model developer has since shut off access to both systems to all customers to ensure compliance.Never before has the US government taken such sweeping measures to rein in foreign access to frontier AI models developed by an American company.

Both the Trump and Biden administrations have limited access abroad to other consequential technologies such as semiconductors and supercomputers, and some have debated the merits of blocking access to AI models. But restrictions on the software itself have raised constitutional and commercial concerns.

On this episode, Carol Massar Tim Stenovec and guest host Ed Ludlow speak with:
Maggie Eastland, Bloomberg News Tech Reporter
Bailey Lipschultz, Bloomberg News IPO Reporter AND David Bauer, JPMorgan Head of ECM Americas on SpaceX IPO
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst on Fox to Buy Roku at $22 Billion Value in Streaming Video Push
Carmen Reinicke, Bloomberg News Stocks Reporter on Big Take: The $12 Trillion Stock Squeeze Gives Way to IPO Market Boom

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>. Anthropic PBC has disabled access to its most advanced artificial intelligence models, including Mythos, following an unprecedented order by the Trump administration to keep the technology out of the hands of all foreign nationals. The US government told Anthropic to suspend access to the Fable 5 and Mythos 5 models by any foreign national &ldquo;whether inside or outside the United States,&rdquo; citing national security concerns, the company said in a statement. A US official confirmed the Commerce Department sent the letter. The model developer has since shut off access to both systems to all customers to ensure compliance.Never before has the US government taken such sweeping measures to rein in foreign access to frontier AI models developed by an American company. Both the Trump and Biden administrations have limited access abroad to other consequential technologies such as semiconductors and supercomputers, and some have debated the merits of blocking access to AI models. But restrictions on the software itself have raised constitutional and commercial concerns. On this episode, Carol Massar Tim Stenovec and guest host Ed Ludlow speak with:
<ul>
<li>Maggie Eastland, Bloomberg News Tech Reporter</li>
<li>Bailey Lipschultz, Bloomberg News IPO Reporter AND David Bauer, JPMorgan Head of ECM Americas on SpaceX IPO</li>
<li>Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst on Fox to Buy Roku at $22 Billion Value in Streaming Video Push</li>
<li>Carmen Reinicke, Bloomberg News Stocks Reporter on Big Take: The $12 Trillion Stock Squeeze Gives Way to IPO Market Boom</li>
</ul>

US Orders Anthropic to Disable Foreign Access to Mythos 

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

Luxury buyers and sellers are recalculating in the wake of New York’s pied-à-terre tax. The majority-Democratic state legislature signed off on the remaining final budget legislation late Wednesday night, approving Gov. Kathy Hochul’s slate of policies she contends will improve affordability for New York residents. Hochul, a moderate Democrat, has been criticized by several progressive lawmakers who had split with the governor over her weakening of the state’s 2019 climate law and refusal to raise income and corporate tax rates. But top Manhattan broker Lisa Lippman believes the disruption will be temporary. A 29-year industry insider and the consistent number one broker at Brown Harris Stevens with more than $500 million in transaction volume in 2025 alone

For more, Carol Massar Tim Stenovec speak with Lisa Lippman, Real Estate Agent at Brown Harris Stevens.

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>. Luxury buyers and sellers are recalculating in the wake of New York&rsquo;s pied-&agrave;-terre tax. The majority-Democratic state legislature signed off on the remaining final budget legislation late Wednesday night, approving Gov. Kathy Hochul&rsquo;s slate of policies she contends will improve affordability for New York residents. Hochul, a moderate Democrat, has been criticized by several progressive lawmakers who had split with the governor over her weakening of the state&rsquo;s 2019 climate law and refusal to raise income and corporate tax rates. But top Manhattan broker&nbsp;Lisa&nbsp;Lippman&nbsp;believes the disruption will be temporary. A 29-year industry insider and the consistent number one broker at Brown Harris Stevens with more than $500 million in transaction volume in 2025 alone For more, Carol Massar Tim Stenovec speak with Lisa Lippman, Real Estate Agent at Brown Harris Stevens.

NY Lawmakers Approve Final Budget That Includes Second-Home Tax

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

529 plans — tax-advantaged accounts for education expenses — are the go-to tool for college savers. Offered in nearly every state,2 they grow tax-deferred and allow tax-free withdrawals.3 They’re also preferable to custodial brokerage accounts, which count as a student’s assets and can hurt financial-aid eligibility.4 The biggest edge of a 529 is flexibility. A 529’s beneficiary can be changed easily, so parents or grandparents5 can open one before a child is born, then update the beneficiary later on. If one kid skips college, the account can be reassigned to another child — or even to yourself.

For more, Carol Massar Tim Stenovec speak with Ann Garcia, CFP and Wealth Advisor at The Mather Group

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>. 529 plans &mdash; tax-advantaged accounts for education expenses &mdash; are the go-to tool for college savers. Offered in nearly every state,2 they grow tax-deferred and allow tax-free withdrawals.3 They&rsquo;re also preferable to custodial brokerage accounts, which count as a student&rsquo;s assets and can hurt financial-aid eligibility.4 The biggest edge of a 529 is flexibility. A 529&rsquo;s beneficiary can be changed easily, so parents or grandparents5 can open one before a child is born, then update the beneficiary later on. If one kid skips college, the account can be reassigned to another child &mdash; or even to yourself. For more, Carol Massar Tim Stenovec speak with Ann Garcia, CFP and Wealth Advisor at The Mather Group

How to Pay for College, From 529 Hacks to $12,000 Tokyo Tuition

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/022678ec-ce43-4fd3-b027-b467014cb227/transcript

Instant Reaction: Will the Fed Cut Quicker After This Selloff?

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