Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. 
Bloomberg News Contributor Jon Erlichman and Bloomberg News Social Media Reporter Aisha Counts break down Meta reporting better-than-expected sales for the second quarter, offering evidence that the company’s heavy investments in artificial intelligence are helping it sell more targeted and personalized advertisements. Nate Thooft, CIO at Manulife Investment Management and Bloomberg News Rates Reporter Michael Mackenzie discuss the impact of the Fed decision on the markets and the economy. Frank Sorrentino, CEO at ConnectOne Bank, explains what Fed policy means for banks and small businesses. 
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. 

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg News Contributor Jon Erlichman and Bloomberg News Social Media Reporter Aisha Counts break down Meta reporting better-than-expected sales for the second quarter, offering evidence that the company’s heavy investments in artificial intelligence are helping it sell more targeted and personalized advertisements. Nate Thooft, CIO at Manulife Investment Management and Bloomberg News Rates Reporter Michael Mackenzie discuss the impact of the Fed decision on the markets and the economy. Frank Sorrentino, CEO at ConnectOne Bank, explains what Fed policy means for banks and small businesses. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.

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

Meta Sales Surpass Estimates on Advertising Growth

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d3814c57-4b90-4826-8ee4-b1be0155da17/transcript

The people, companies and trends shaping the global economy.

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

During an all-hands meeting at Apple in January, an employee asked about a spate of executive moves. The company’s chief operating officer recently retired, the chief financial officer and general counsel took smaller roles as a way to prepare for their own retirements, and in a single week in December its heads of artificial intelligence, user interfaces and environmental initiatives all announced their departures.While part of the exodus was related to Apple Inc.’s well-documented struggles in AI, it also reflected a logical transition at a company that turns 50 on April 1. 

Apple stock has made everyone at the top of its org chart fabulously wealthy, and many are entering the stage of life that often inspires people to prioritize finally spending some time with their families instead of the next generation of iPhones. In his response to the employee’s question, Tim Cook, the company’s 65-year-old chief executive officer, struck an atypically reflective tone. “When people get to a certain age, some,” he said, “are going to retire,” letting the word “some” hang out there in a way that suggested he wasn’t talking about himself, drawing laughter from the audience. “The thing we have to do is make sure that Apple moves on” and reaches the “next level and the next level and the next level.” Cook added that he spends “a lot of time” thinking about “who’s in the room” in 5, 10 and 15 years. “I am obsessed with this.”

Cook, who’s run Apple since taking over from co-founder Steve Jobs in 2011, probably doesn’t expect to be in the room himself for another 15 years. While he’s given no indication of an imminent transition, he’s made it clear he wants his heir to come from within the company so he can serve as a mentor. The central candidate is John Ternus, senior vice president for hardware engineering, who oversees development of the devices that generate roughly 80% of Apple’s revenue. At 50, Ternus is also younger than many of the company’s other senior leaders, meaning he could be in the top job longer.

Ternus has spent about half his life at Apple. He cut his teeth developing computer monitors, oversaw product design for the original iPad and eventually took over development of the Mac. Since getting the top hardware engineering role in 2021, he’s overseen an expansion in Apple’s product lineup, improving quality and focusing on functional improvements around battery life, performance and connectivity. Earlier this month, when Apple held an event in New York to announce the MacBook Neo, a $599 laptop, it was Ternus, not Cook, who did the big reveal. The next day, Ternus also appeared on Good Morning America to talk up the device, the type of media appearance Cook has generally done himself.

Today's show features:
Mark Gurman, Bloomberg News Managing Editor for Consumer Tech
Onur Ant, Bloomberg News, Middle East & North Africa Managing Editor 
Jayati Bharadwaj, Head of FX Strategies at TD Securities
Siddharth Phillip, Bloomberg News Chief Correspondent for Global Aviation on recent issues surrounding US airlines

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>. During an all-hands meeting at Apple in January, an employee asked about a spate of executive moves. The company&rsquo;s chief operating officer recently retired, the chief financial officer and general counsel took smaller roles as a way to prepare for their own retirements, and in a single week in December its heads of artificial intelligence, user interfaces and environmental initiatives all announced their departures.While part of the exodus was related to Apple Inc.&rsquo;s well-documented struggles in AI, it also reflected a logical transition at a company that turns 50 on April 1. Apple stock has made everyone at the top of its org chart fabulously wealthy, and many are entering the stage of life that often inspires people to prioritize finally spending some time with their families instead of the next generation of iPhones. In his response to the employee&rsquo;s question, Tim Cook, the company&rsquo;s 65-year-old chief executive officer, struck an atypically reflective tone. &ldquo;When people get to a certain age, some,&rdquo; he said, &ldquo;are going to retire,&rdquo; letting the word &ldquo;some&rdquo; hang out there in a way that suggested he wasn&rsquo;t talking about himself, drawing laughter from the audience. &ldquo;The thing we have to do is make sure that Apple moves on&rdquo; and reaches the &ldquo;next level and the next level and the next level.&rdquo; Cook added that he spends &ldquo;a lot of time&rdquo; thinking about &ldquo;who&rsquo;s in the room&rdquo; in 5, 10 and 15 years. &ldquo;I am obsessed with this.&rdquo; Cook, who&rsquo;s run Apple since taking over from co-founder Steve Jobs in 2011, probably doesn&rsquo;t expect to be in the room himself for another 15 years. While he&rsquo;s given no indication of an imminent transition, he&rsquo;s made it clear he wants his heir to come from within the company so he can serve as a mentor. The central candidate is John Ternus, senior vice president for hardware engineering, who oversees development of the devices that generate roughly 80% of Apple&rsquo;s revenue. At 50, Ternus is also younger than many of the company&rsquo;s other senior leaders, meaning he could be in the top job longer. Ternus has spent about half his life at Apple. He cut his teeth developing computer monitors, oversaw product design for the original iPad and eventually took over development of the Mac. Since getting the top hardware engineering role in 2021, he&rsquo;s overseen an expansion in Apple&rsquo;s product lineup, improving quality and focusing on functional improvements around battery life, performance and connectivity. Earlier this month, when Apple held an event in New York to announce the MacBook Neo, a $599 laptop, it was Ternus, not Cook, who did the big reveal. The next day, Ternus also appeared on Good Morning America to talk up the device, the type of media appearance Cook has generally done himself. Today's show features:
<ul>
<li>Mark Gurman, Bloomberg News Managing Editor for Consumer Tech</li>
<li>Onur Ant, Bloomberg News, Middle East &amp; North Africa Managing Editor&nbsp;</li>
<li>Jayati Bharadwaj, Head of FX Strategies at TD Securities</li>
<li>Siddharth Phillip, Bloomberg News Chief Correspondent for Global Aviation on recent issues surrounding US airlines</li>
</ul>

Apple's Heir Apparent Steps Into the Spotlight

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1ad505c7-3abf-4ec8-bfe7-b416015ccc79/transcript

The US charged Yih-Shyan “Wally” Liaw, a co-founder of Super Micro Computer Inc., with illegally diverting Nvidia Corp.-powered servers to China in violation of US export controls. Liaw and two others allegedly sold the hardware to a Southeast Asian company and coordinated for its ultimate shipment to Chinese customers, and they made efforts to evade scrutiny by auditors from both Super Micro and the US government. Super Micro said it is cooperating with US authorities and has put Liaw and another defendant on administrative leave, and the company stated that the alleged conduct “is a contravention of the company’s policies and compliance controls”.

For more Carol Massar and Tim Stenovec speaks with Bloomberg Legal reporter Bob Van Voris.

The US charged Yih-Shyan &ldquo;Wally&rdquo; Liaw, a co-founder of Super Micro Computer Inc., with illegally diverting Nvidia Corp.-powered servers to China in violation of US export controls. Liaw and two others allegedly sold the hardware to a Southeast Asian company and coordinated for its ultimate shipment to Chinese customers, and they made efforts to evade scrutiny by auditors from both Super Micro and the US government. Super Micro said it is cooperating with US authorities and has put Liaw and another defendant on administrative leave, and the company stated that the alleged conduct &ldquo;is a contravention of the company&rsquo;s policies and compliance controls&rdquo;.
For more Carol Massar and Tim Stenovec speaks with Bloomberg Legal reporter Bob Van Voris.

Super Micro Co-Founder Charged With Smuggling Chips to China

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ea9e385f-4d56-4984-8f1f-b41301488a05/transcript

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."

Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

Bloomberg Businessweek Weekend - March 20th, 2026

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/97cb9698-0dd4-4432-befe-b4130100810f/transcript

Meta Sales Surpass Estimates on Advertising Growth

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