Texas's ban on financial firms that "boycott" fossil fuel has led to higher borrowing costs for the state, with interest rates higher than those of California. Bloomberg News Editor-in-Chief Emeritus Matt Winkler talks about how one Texas town is paying unprecedented costs.

Texas's ban on financial firms that "boycott" fossil fuel has led to higher borrowing costs for the state, with interest rates higher than those of California. Bloomberg News Editor-in-Chief Emeritus Matt Winkler talks about how one Texas town is paying unprecedented costs.

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

Texas Is the Tip of a Melting Muni Iceberg: How a 'Boycott' Led to Higher Costs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c115c8d0-9cf1-4685-8c64-b4ac016cff58/transcript

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

Billionaires are difficult to ignore these days — flying into space, funding election campaigns, promoting AI, warning about AI and generally making a racket on social media. One billionaire sits in the Oval Office, while others control the world’s large language models and internet algorithms, including the choice of just how addictive our devices should be.

A new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There, tries to uncover much more about this somewhat hidden slice of America’s upper crust. Sifting through the available evidence, economists Owen Zidar and Eric Zwick argue we’re getting distracted by the loudest and richest billionaires and missing the much more numerous “Main Street millionaires” who are the real sources of wealth and power in America.

We speak with the book's authors Owen Zidar, Professor of Economics and Public Affairs at Princeton University, and Eric Zwick, Associate Professor of Finance at the University of Chicago School of Business.

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> Billionaires are difficult to ignore these days &mdash; flying into space, funding election campaigns, promoting AI, warning about AI and generally making a racket on social media. One billionaire sits in the Oval Office, while others control the world&rsquo;s large language models and internet algorithms, including the choice of just how addictive our devices should be. A new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There, tries to uncover much more about this somewhat hidden slice of America&rsquo;s upper crust. Sifting through the available evidence, economists Owen Zidar and Eric Zwick argue we&rsquo;re getting distracted by the loudest and richest billionaires and missing the much more numerous &ldquo;Main Street millionaires&rdquo; who are the real sources of wealth and power in America. We speak with the book's authors Owen Zidar, Professor of Economics and Public Affairs at Princeton University, and Eric Zwick, Associate Professor of Finance at the University of Chicago School of Business.

Forget Billionaires - America Runs on Millionaires

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bad3085f-a328-4eba-b3df-b4c901741508/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 - September 18th, 2026

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/69192d94-7f35-424c-bd86-b4c900f314a5/transcript

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

Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude next month under long-term agreements after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said. European customers normally receive Saudi Arabian crude on so-called term contracts, ensuring a steady flow of supply every month. Those deliveries will not take place next month, the people said, asking not to be identified because the information isn’t public.

The decision applies to all European buyers, they said.Saudi Aramco declined to comment. The absence of Saudi flows next month will heighten the need for European buyers to secure replacements.

On today's episode:
Rob Barnett, Bloomberg Intelligence Senior Energy Analyst
Eric Martin, Bloomberg News State Department & Foreign Policy Reporter
Randi Weingarten, American Federation of Teachers President
Nick Pappas, NFL Director of Field Operations

 

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>
Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude next month under long-term agreements after the kingdom&rsquo;s key pipeline to the Red Sea was attacked, people informed of the decision said. European customers normally receive Saudi Arabian crude on so-called term contracts, ensuring a steady flow of supply every month. Those deliveries will not take place next month, the people said, asking not to be identified because the information isn&rsquo;t public.
The decision applies to all European buyers, they said.Saudi Aramco declined to comment. The absence of Saudi flows next month will heighten the need for European buyers to secure replacements.
On today's episode:
<ul>
<li>Rob Barnett, Bloomberg Intelligence Senior Energy Analyst</li>
<li>Eric Martin, Bloomberg News State Department &amp; Foreign Policy Reporter</li>
<li>Randi Weingarten, American Federation of Teachers President</li>
<li>Nick Pappas, NFL Director of Field Operations</li>
</ul>
&nbsp;

Saudis Give European Oil Buyers No Supplies for Next Month

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a2817246-71a4-44b9-aa3e-b4c90179499a/transcript

Texas Is the Tip of a Melting Muni Iceberg: How a 'Boycott' Led to Higher Costs

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