President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury Secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term. Bloomberg Balance of Power hosts Joe Mathieu and Kailey Leinz offer instant reaction.

President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury Secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term. Bloomberg Balance of Power hosts Joe Mathieu and Kailey Leinz offer instant reaction.

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

SPECIAL REPORT: Trump Nominates Scott Bessent To Lead US Treasury

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ced7e613-3572-40a5-af35-b231000b70ba/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 - October 16th, 2026

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/450b0bae-1937-40b9-8c02-b4e500fa2f6b/transcript

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

Another burst of selling in technology companies rattled Wall Street on Friday, dragging down stocks as investors questioned the outlook for the artificial-intelligence trade. A rout in chipmakers extended into an eighth straight day on worries over whether the buildout of AI infrastructure has outrun the ability of firms to get a return on their investments. Meantime, Fed Chairman Kevin Warsh described AI as potentially the most consequential change to the US and global economy in his lifetime.

On today's episode:

- Mike McKee, Bloomberg News International Economics & Policy Correspondent
- Max Chafkin, Bloomberg Businessweek Senior Reporter
- Patrick McGee, Author of 'Apple in China: The Capture of the World's Greatest Company'
- Jason Leopold, Bloomberg News Senior Investigative Reporter

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Another burst of selling in technology companies rattled Wall Street on Friday, dragging down stocks as investors questioned the outlook for the artificial-intelligence trade. A rout in chipmakers extended into an eighth straight day on worries over whether the buildout of AI infrastructure has outrun the ability of firms to get a return on their investments. Meantime, Fed Chairman Kevin Warsh described AI as potentially the most consequential change to the US and global economy in his lifetime.
On today's episode:
- Mike McKee, Bloomberg News International Economics &amp; Policy Correspondent - Max Chafkin, Bloomberg Businessweek Senior Reporter - Patrick McGee, Author of 'Apple in China: The Capture of the World's Greatest Company' - Jason Leopold, Bloomberg News Senior Investigative Reporter

Chipmakers Extend Skid as AI Jitters Persist

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6c7576b9-1874-4d05-8c38-b4e5016dd312/transcript

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

Long before the Great Depression or the 2008 financial crisis, the world endured its first truly global financial crash. In his new book, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World, Pulitzer Prize–winning author Liaquat Ahamed traces how a booming global bond market, railroad speculation and massive flows of capital helped fuel extraordinary growth before the bubble burst. At the center of the story were the Rothschilds, the powerful banking dynasty that helped transform government borrowing and global finance.

Ahamed joins Bloomberg Businessweek Daily to discuss why 1873 still matters, how railroad mania compares with today’s rush into AI infrastructure, and what the era can teach investors about bubbles, monetary-policy mistakes and financial resilience.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Long before the Great Depression or the 2008 financial crisis, the world endured its first truly global financial crash. In his new book, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World, Pulitzer Prize&ndash;winning author Liaquat Ahamed traces how a booming global bond market, railroad speculation and massive flows of capital helped fuel extraordinary growth before the bubble burst. At the center of the story were the Rothschilds, the powerful banking dynasty that helped transform government borrowing and global finance.
Ahamed joins Bloomberg Businessweek Daily to discuss why 1873 still matters, how railroad mania compares with today&rsquo;s rush into AI infrastructure, and what the era can teach investors about bubbles, monetary-policy mistakes and financial resilience.

The Investment Lessons Learned from 1873

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2c605bd3-c6aa-46bd-b712-b4e40170ee4a/transcript

SPECIAL REPORT: Trump Nominates Scott Bessent To Lead US Treasury

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