Bloomberg News Technology Reporter Jackie Davalos discusses Lyft shares taking a big hit after forecasting dramatically lower profits than expected and saying it will cut prices in an attempt to attract and keep customers. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Economics Reporter Rich Miller provide the details of Rich's Businessweek Magazine story Forget Hard or Soft Economic Landing: Meet the Rolling Recession. Bloomberg News Managing Editor for Crypto stacy-marie ishmael breaks down crypto staking and the impact on Kraken and Coinbase. Kent Halliburton, President and COO of Sazmining, talks about sustainable Bitcoin mining. And we Drive to the Close with David Dietze, Senior Portfolio Strategist at Peapack Private Wealth Management.
Hosts: Carol Massar and Katie Greifeld. Producer: Paul Brennan.

Bloomberg News Technology Reporter Jackie Davalos discusses Lyft shares taking a big hit after forecasting dramatically lower profits than expected and saying it will cut prices in an attempt to attract and keep customers. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Economics Reporter Rich Miller provide the details of Rich's Businessweek Magazine story Forget Hard or Soft Economic Landing: Meet the Rolling Recession. Bloomberg News Managing Editor for Crypto stacy-marie ishmael breaks down crypto staking and the impact on Kraken and Coinbase. <a data-destination="bb:rte:bind">Kent Halliburton</a>, President and COO of Sazmining, talks about sustainable Bitcoin mining. And we Drive to the Close with David Dietze, Senior Portfolio Strategist at Peapack Private Wealth Management. Hosts: Carol Massar and Katie Greifeld. Producer: Paul Brennan.
<blockquote></blockquote>

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

Lyft Earnings Hit the Skids

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a36ed8de-f296-4e94-a94d-afa5015b2830/transcript

Rick Woldenberg runs two educational-toy businesses near Chicago, Learning Resources and hand2mind. The firms are considered to be among the world leaders in the development of over 2,000 experiential, hands-on learning materials, which are sold in more than 100 countries. But their products have been hit especially hard by President Donald Trump’s fluctuating global tariffs. Woldenberg’s companies sued last April to invalidate the tariffs as exceeding the president’s authority. The suit is now before the Supreme Court in one of the most economically important clashes in the country's history.

As global corporations await the American high court's ruling on the tariffs' legality, Woldenberg details their impact on his family-run firms, and how he's weathering the storm. Rick speaks with Carol Massar, Tim Stenovec and Bloomberg News Supreme Court Reporter on Bloomberg Businessweek Daily.

Rick Woldenberg runs two educational-toy businesses near Chicago, Learning Resources and hand2mind. The firms are considered to be among the world leaders in the development of over 2,000 experiential, hands-on learning materials, which are sold in more than 100 countries. But their products have been hit especially hard by President Donald Trump&rsquo;s fluctuating global tariffs. Woldenberg&rsquo;s companies sued last April to invalidate the tariffs as exceeding the president&rsquo;s authority. The suit is now before the Supreme Court in one of the most economically important clashes in the country's history.
As global corporations await the American high court's ruling on the tariffs' legality, Woldenberg details their impact on his family-run firms, and how he's weathering the storm. Rick speaks with Carol Massar, Tim Stenovec and Bloomberg News Supreme Court Reporter on Bloomberg Businessweek Daily.

Family-Owned Toymaker Waiting on the Supreme Court

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e58f4fa7-82d5-481a-a404-b3d301795c31/transcript

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

Morgan Stanley Chief Executive Officer Ted Pick started summing up his outlook after Wall Street’s banner year for trading with four words: “The setup is ideal.”

After Wall Street’s five giant banks reported a record $134 billion of trading revenue from last year and an upswing in dealmaking, Pick and peers agreed it’s poised to continue — albeit with caveats.

“As a student of these businesses for decades, I would bet you that 2021 is not the ceiling,” Goldman Sachs Group Inc. CEO David Solomon said, referring to the last record year for lenders’ trading businesses. “The world is set up at the moment to be incredibly constructive in 2026 for M&A and capital markets activity, and I think the likely scenario is it is a very, very good year.”

President Donald Trump’s turbulent policy changes and trade talks have kept investors on edge — but for bank traders that has kept paying off as clients rush to reposition their portfolios. At the same time, his administration’s deregulatory efforts and the Federal Reserve’s interest-rate cuts are reviving a moribund environment for mergers and acquisitions — quickly filling dealmakers’ pipelines.

As Morgan Stanley and Goldman posted quarterly results Thursday after reports from their largest rivals earlier in the week, the market-centric firms added to predictions for another bumper year for Wall Street operations. That contrasted with other corners of banking, such as credit-card units that have come under threat as Trump demands a cap on interest rates. Industry executives have been fielding questions about how they may respond to that, even as they themselves await information from the White House.

Today's show features:
Bloomberg News Chief Wall Street Correspondent Sri Natarajan breaks down earnings from Goldman Sachs and Morgan Stanley and Cathy Seifert, Vice President of CFRA Research, on BlackRock’s quarterly earnings and outlook
Andrejka Bernatova, Founder and CEO of Dynamix, on why she believes smaller energy companies have a chance to benefit from US action in Venezuela
Bloomberg Intelligence Global Head of Technology Research Mandeep Singh on earnings from TSMC and the health of the semiconductor sector
Emily Green, Head of Private Wealth Management at Ellevest, on financial planning and portfolio management strategies 

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Morgan Stanley Chief Executive Officer Ted Pick started summing up his outlook after Wall Street&rsquo;s banner year for trading with four words: &ldquo;The setup is ideal.&rdquo;
After Wall Street&rsquo;s five giant banks reported a record $134 billion of trading revenue from last year and an upswing in dealmaking, Pick and peers agreed it&rsquo;s poised to continue &mdash; albeit with caveats.
&ldquo;As a student of these businesses for decades, I would bet you that 2021 is not the ceiling,&rdquo; Goldman Sachs Group Inc. CEO David Solomon said, referring to the last record year for lenders&rsquo; trading businesses. &ldquo;The world is set up at the moment to be incredibly constructive in 2026 for M&amp;A and capital markets activity, and I think the likely scenario is it is a very, very good year.&rdquo;
President Donald Trump&rsquo;s turbulent policy changes and trade talks have kept investors on edge &mdash; but for bank traders that has kept paying off as clients rush to reposition their portfolios. At the same time, his administration&rsquo;s deregulatory efforts and the Federal Reserve&rsquo;s interest-rate cuts are reviving a moribund environment for mergers and acquisitions &mdash; quickly filling dealmakers&rsquo; pipelines.
As Morgan Stanley and Goldman posted quarterly results Thursday after reports from their largest rivals earlier in the week, the market-centric firms added to predictions for another bumper year for Wall Street operations. That contrasted with other corners of banking, such as credit-card units that have come under threat as Trump demands a cap on interest rates. Industry executives have been fielding questions about how they may respond to that, even as they themselves await information from the White House.
Today's show features:
<ul>
<li>Bloomberg News Chief Wall Street Correspondent Sri Natarajan breaks down earnings from Goldman Sachs and Morgan Stanley and Cathy Seifert, Vice President of CFRA Research, on BlackRock&rsquo;s quarterly earnings and outlook</li>
<li>Andrejka Bernatova, Founder and CEO of Dynamix, on why she believes smaller energy companies have a chance to benefit from US action in Venezuela</li>
<li>Bloomberg Intelligence Global Head of Technology Research Mandeep Singh on earnings from TSMC and the health of the semiconductor sector</li>
<li>Emily Green, Head of Private Wealth Management at Ellevest, on financial planning and portfolio management strategies&nbsp;</li>
</ul>

Bank CEOs Say $134 Billion Trading Record Is Just the Start

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d5bccdb5-626a-4016-8554-b3d30174fd50/transcript

Carolyn Tisch Blodgett is the CEO and founder of Next 3, where she oversees the investment and management of a portfolio of assets in the sports, media and entertainment space. She invests across teams, leagues and technologies including Gotham FC of the National Women's Soccer League, TGL and Los Angeles Golf Club, LOVB, Transmit.Live, Jackpot.com and more. Tisch Blodgett also serves as the governor of the reigning NWSL champions, where she is the lead owner across the business. Under her leadership, the Gotham FC has seen significant growth across fan attendance, revenue and on-field performance and league-record sponsorship deals.

The increasingly popular league is facing challenges, however, as top European leagues and other organizations drive up the price tags for top players. Carolyn discusses the financial health of the NWSL as well as the growth surge in women's sports more broadly with Carol Massar, Tim Stenovec and Bloomberg News Sports Reporter Vanessa Perdomo on Bloomberg Businessweek Daily.

Carolyn Tisch Blodgett is the CEO and founder of Next 3, where she oversees the investment and management of a portfolio of assets in the sports, media and entertainment space. She invests across teams, leagues and technologies including Gotham FC of the National Women's Soccer League, TGL and Los Angeles Golf Club, LOVB, Transmit.Live, Jackpot.com and more. Tisch Blodgett also serves as the governor of the reigning NWSL champions, where she is the lead owner across the business. Under her leadership, the Gotham FC has seen significant growth across fan attendance, revenue and on-field performance and league-record sponsorship deals. The increasingly popular league is facing challenges, however, as top European leagues and other organizations drive up the price tags for top players. Carolyn discusses the financial health of the NWSL as well as the growth surge in women's sports more broadly with Carol Massar, Tim Stenovec and Bloomberg News Sports Reporter Vanessa Perdomo on Bloomberg Businessweek Daily.

Women's Sports Leagues Battling for Talent

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2ad190a3-f3ae-4a60-bafe-b3d20173b00b/transcript

Lyft Earnings Hit the Skids

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