 Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. 
Bloomberg Bloomberg News International Economics & Policy Correspondent Michael McKee and Bloomberg News Markets Reporter Abigail Doolittle recap Federal Reserve Chair Jerome Powell's testimony before US lawmakers on the House Financial Services Committee on Wednesday. Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan reports on New York Community Bancorp planning to announce an equity investment of more than $1 billion led by Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital Partner to restore investor confidence. Maggie Switek, Senior Director of the Milken Institute’s Research Department, shares the details of the firm's Global Opportunity Index 2024: Attracting Foreign Investment. And we Drive to the Close with JoAnne Bianco, Investment Partner & Client Portfolio Manager at BondBloxx. 
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 Bloomberg News International Economics &amp; Policy Correspondent Michael McKee and Bloomberg News Markets Reporter Abigail Doolittle recap Federal Reserve Chair Jerome Powell's testimony before US lawmakers on the House Financial Services Committee on Wednesday. Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan reports on New York Community Bancorp planning to announce an equity investment of more than $1 billion led by Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital Partner to restore investor confidence. Maggie Switek, Senior Director of the Milken Institute’s Research Department, shares the details of the firm's Global Opportunity Index 2024: Attracting Foreign Investment. And we Drive to the Close with JoAnne Bianco, Investment Partner &amp; Client Portfolio Manager at BondBloxx. 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

Powell Reiterates Fed Needs More Confidence on Inflation to Cut

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/685caee8-8549-4687-b35f-b12b01599288/transcript

Of all the prevailing media narratives around Gavin Newsom, the one that is most conspicuous by its absence is how under its two-term governor California became the top performing economy not just among its 49 siblings but also any developed nation. No wonder Elon Musk quietly sought Newsom’s help when the world’s richest man sought to move a bunch of Tesla Inc. engineers back to the state after relocating them to Texas. Amid the thousands of headlines referencing California failings with wildfires, droughts, floods, mass transportation, aging roads, education, homelessness, unaffordable housing, widening inequality and poverty along with the exodus of billionaires, corporate headquarters and longtime residents -- never mind the “slick” label whenever the betting favorite for the 2028 Democratic presidential nomination is mentioned in the press – the Golden State (population 39 million people), just supplanted Japan (123 million) as the fourth-largest economy.

Matthew Winkler, Bloomberg News Editor-in-Chief Emirtus discusses how California's economy has grown faster than either China or Germany... And picking up steam.

Of all the prevailing media narratives around Gavin Newsom, the one that is most conspicuous by its absence is how under its two-term governor California became the top performing economy not just among its 49 siblings but also any developed nation. No wonder Elon Musk quietly sought Newsom&rsquo;s help when the world&rsquo;s richest man sought to move a bunch of Tesla Inc. engineers back to the state after relocating them to Texas. Amid the thousands of headlines referencing California failings with wildfires, droughts, floods, mass transportation, aging roads, education, homelessness, unaffordable housing, widening inequality and poverty along with the exodus of billionaires, corporate headquarters and longtime residents -- never mind the &ldquo;slick&rdquo; label whenever the betting favorite for the 2028 Democratic presidential nomination is mentioned in the press &ndash; the Golden State (population 39 million people), just supplanted Japan (123 million) as the fourth-largest economy. Matthew Winkler, Bloomberg News Editor-in-Chief Emirtus discusses how California's economy has grown faster than either China or Germany... And picking up steam.

Who Knew Newsom Was Such an Economic Maestro?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b24b3fc2-0b38-49cc-a7f9-b427014c7b8a/transcript

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

Intel Corp., trying to promote the use of its technology in data centers, said Alphabet Inc.’s Google has committed to using future generations of its Xeon processors and other chips.

As part of the multiyear agreement, announced Thursday, the search engine giant will customize Intel’s IPUs, or infrastructure processing units. These chips handle functions such as networking, security and storage. The companies didn’t disclose financial details or purchase commitments.
The deal is part of a push by Intel to better capitalize on the build-out of artificial intelligence infrastructure. Getting a bigger slice of data center spending is critical to a comeback bid under Chief Executive Officer Lip-Bu Tan.Intel’s stock rose as much as 3.6% in New York trading, adding to a rally of about 20% this week. The shares have also benefited from an announcement that the chipmaker will help Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc., SpaceX and xAI.

Xeon once commanded a market share of more than 99%, making it the chief source of profit for what was then the world’s largest semiconductor maker. In the last few years, Intel has lost ground to rivals such as Advanced Micro Devices Inc. and in-house efforts by customers — including Google.

One trend is working in Intel’s favor: Central processing units, its hallmark product, are increasingly seen as critical to artificial intelligence computing. Though Nvidia Corp.’s AI processors are still the workhorses of this infrastructure, there’s growing demand for general-purpose CPUs to help everything run smoothly.

Today's show features:
Ian King, Bloomberg News US Semiconductor Reporter
Ed Fishman, Columbia University Senior Research Scholar and Professor
Jeff Mason, Bloomberg News Washington and White House Correspondent
Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent
Sarah Hunt, Alpine Saxon Woods Chief Market Strategist

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>. Intel Corp., trying to promote the use of its technology in data centers, said Alphabet Inc.&rsquo;s Google has committed to using future generations of its Xeon processors and other chips. As part of the multiyear agreement, announced Thursday, the search engine giant will customize Intel&rsquo;s IPUs, or infrastructure processing units. These chips handle functions such as networking, security and storage. The companies didn&rsquo;t disclose financial details or purchase commitments. The deal is part of a push by Intel to better capitalize on the build-out of artificial intelligence infrastructure. Getting a bigger slice of data center spending is critical to a comeback bid under Chief Executive Officer Lip-Bu Tan.Intel&rsquo;s stock rose as much as 3.6% in New York trading, adding to a rally of about 20% this week. The shares have also benefited from an announcement that the chipmaker will help Elon Musk&rsquo;s long-shot effort to develop semiconductors for Tesla Inc., SpaceX and xAI. Xeon once commanded a market share of more than 99%, making it the chief source of profit for what was then the world&rsquo;s largest semiconductor maker. In the last few years, Intel has lost ground to rivals such as Advanced Micro Devices Inc. and in-house efforts by customers &mdash; including Google. One trend is working in Intel&rsquo;s favor: Central processing units, its hallmark product, are increasingly seen as critical to artificial intelligence computing. Though Nvidia Corp.&rsquo;s AI processors are still the workhorses of this infrastructure, there&rsquo;s growing demand for general-purpose CPUs to help everything run smoothly. Today's show features:
<ul>
<li>Ian King, Bloomberg News US Semiconductor Reporter</li>
<li>Ed Fishman, Columbia University Senior Research Scholar and Professor</li>
<li>Jeff Mason, Bloomberg News Washington and White House Correspondent</li>
<li>Michael McKee, Bloomberg TV and Radio International Economics &amp; Policy Correspondent</li>
<li>Sarah Hunt, Alpine Saxon Woods Chief Market Strategist</li>
</ul>

Intel Wins Google Promise to Keep Using Xeon in Data Centers

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2a43ce9e-90cb-4d21-98b4-b427014c7300/transcript

Following Bloomberg Intelligence's list of 50 Companies to Watch in January, Tim Craighead, Bloomberg Intelligence Senior European Strategist and Director of Research-Content discusses 10 names you should know—for better or worse—in the second quarter. Bloomberg Intelligence analysts have identified the most interesting names from their group of high-confidence Focus Ideas. Spanning sectors and regions, each scenario outlines a catalyst in the next few months that supports our case.

Following Bloomberg Intelligence's list of 50 Companies to Watch in January, Tim Craighead, Bloomberg Intelligence Senior European Strategist and Director of Research-Content discusses 10 names you should know&mdash;for better or worse&mdash;in the second quarter. Bloomberg Intelligence analysts have identified the most interesting names from their group of high-confidence Focus Ideas. Spanning sectors and regions, each scenario outlines a catalyst in the next few months that supports our case.

Ferraris, Advil and AI Chips: 10 Companies to Watch Right Now

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d106091c-a4a9-4459-8313-b42601492493/transcript

Powell Reiterates Fed Needs More Confidence on Inflation to Cut

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