DraftKings and FanDuel are thriving—but lax regulations, understaffed “responsible gambling” departments, and lack of resources for gambling addicts can make sports betting platforms uniquely insidious. For many users, this new 'vice' has cost them thousands, sometimes millions, while other profit. Danny Funt, Sports Journalist and author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling' discusses the unsettling truth about America's sports betting boom and how it can cost people everything they have.

DraftKings and FanDuel are thriving&mdash;but lax regulations, understaffed &ldquo;responsible gambling&rdquo; departments, and lack of resources for gambling addicts can make sports betting platforms uniquely insidious. For many users, this new 'vice' has cost them thousands, sometimes millions, while other profit. Danny Funt, Sports Journalist and author of 'Everybody Loses: The Tumultuous Rise of American Sports Gambling' discusses the unsettling truth about America's sports betting boom and how it can cost people everything they have.

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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

The Tumultuous Rise of American Sports Gambling

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/97b06e2d-56f0-4f3b-a6e2-b4250130a133/transcript

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

A growing number of Federal Reserve officials worried the Iran war could further stoke inflation and wanted to make clear following their March meeting that the central bank may have to consider raising interest rates.

Minutes of the Federal Open Market Committee’s March 17-18 meeting, released Wednesday in Washington, showed policymakers wrestled with starkly differing scenarios for the US economy following the outbreak of the Iran war, and the policy reactions that might follow.
Most officials worried a protracted war could hurt the labor market and warrant lower interest rates. At the same time, many policymakers highlighted the risk to inflation that might ultimately warrant rate increases.

Officials in the latter camp appeared to become more strident, urging their colleagues to consider adding language to their post-meeting statement that raised the scenario of hiking rates under certain conditions.

“Some participants judged that there was a strong case for a two-sided description of the committee’s future interest-rate decisions in the post-meeting statement, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation were to remain at above-target levels,” the minutes said.
Echoing those concerns, the minutes noted the “vast majority” of officials thought it may take longer to return inflation to the Fed’s 2% goal.

At the meeting, officials held the Fed’s benchmark policy rate in a range of 3.5% to 3.75% at that gathering.

Today's show features:
Michael McKee, Bloomberg International Economics and Policy Correspondent, breaks Fed Minutes
Matthew Luzzetti, Deutsche Bank Chief US Economist and Head of US Economic Research
Dr. Ed Husain, Senior Fellow at the Council on Foreign Relations
Michelle Gass, Levi's President & CEO on Levi Boosts Outlook as Direct-to-Consumer Strategy Pays Off

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>. A growing number of Federal Reserve officials worried the Iran war could further stoke inflation and wanted to make clear following their March meeting that the central bank may have to consider raising interest rates. Minutes of the Federal Open Market Committee&rsquo;s March 17-18 meeting, released Wednesday in Washington, showed policymakers wrestled with starkly differing scenarios for the US economy following the outbreak of the Iran war, and the policy reactions that might follow. Most officials worried a protracted war could hurt the labor market and warrant lower interest rates. At the same time, many policymakers highlighted the risk to inflation that might ultimately warrant rate increases. Officials in the latter camp appeared to become more strident, urging their colleagues to consider adding language to their post-meeting statement that raised the scenario of hiking rates under certain conditions. &ldquo;Some participants judged that there was a strong case for a two-sided description of the committee&rsquo;s future interest-rate decisions in the post-meeting statement, reflecting the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation were to remain at above-target levels,&rdquo; the minutes said. Echoing those concerns, the minutes noted the &ldquo;vast majority&rdquo; of officials thought it may take longer to return inflation to the Fed&rsquo;s 2% goal. At the meeting, officials held the Fed&rsquo;s benchmark policy rate in a range of 3.5% to 3.75% at that gathering. Today's show features:
<ul>
<li>Michael McKee, Bloomberg International Economics and Policy Correspondent, breaks Fed Minutes</li>
<li>Matthew Luzzetti, Deutsche Bank Chief US Economist and Head of US Economic Research</li>
<li>Dr. Ed Husain, Senior Fellow at the Council on Foreign Relations</li>
<li>Michelle Gass, Levi's President &amp; CEO on Levi Boosts Outlook as Direct-to-Consumer Strategy Pays Off</li>
</ul>

Fed Minutes Show Officials Saw Two-Sided Risks From Iran War 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/26f5a27e-99db-45a9-b6f8-b42601491df4/transcript

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

President Donald Trump has threatened “all Hell” will rain down on Iran if it doesn’t agree to a ceasefire that reopens the Strait of Hormuz by 8 p.m. Eastern time on April 7. Is this a bluff intended to push Tehran to the negotiating table, or a credible threat?

With the deadline nearing, Iran rejected the latest US proposal for a deal to end the war and continued regional strikes. Trump intensified his threats — warning a “civilization will die tonight” — and the US reattacked Iran’s Kharg island. Further escalation appears more likely than negotiations. That’s consistent with our base case that the war will see a sharp escalation followed by a shift to lower-intensity fighting.

Treasuries fell amid mounting oil prices in the run-up to US President Donald Trump’s late-Tuesday deadline for Iran to agree to terms for ending American attacks.

The declines lifted yields by as much as five basis points, with long-maturity tenors rising most. Ten- and 30-year yields reached session highs against an array of conflicting signals about whether Trump’s threats of mass destruction are likely to come to pass.

Oil prices — a principal driver of Treasury yields since the US assault on Iran began Feb. 28 — rose, US benchmark West Texas Intermediate crude futures by as much as 4.6% from Monday’s multi-year high close. Yields reached year-to-date highs in late March as energy prices mounted, however they retreated from those levels amid mounting fears the oil shock will hit economic growth.

Today's show features:
Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst
Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO
Michael Gross, SLR Capital Partners Co-Founder 
Sastry Durvasula, TIAA Chief Operating, Information and Digital Officer

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>. President Donald Trump has threatened &ldquo;all Hell&rdquo; will rain down on Iran if it doesn&rsquo;t agree to a ceasefire that reopens the Strait of Hormuz by 8 p.m. Eastern time on April 7. Is this a bluff intended to push Tehran to the negotiating table, or a credible threat? With the deadline nearing, Iran rejected the latest US proposal for a deal to end the war and continued regional strikes. Trump intensified his threats &mdash; warning a &ldquo;civilization will die tonight&rdquo; &mdash; and the US reattacked Iran&rsquo;s Kharg island. Further escalation appears more likely than negotiations. That&rsquo;s consistent with our base case that the war will see a sharp escalation followed by a shift to lower-intensity fighting. Treasuries fell amid mounting oil prices in the run-up to US President Donald Trump&rsquo;s late-Tuesday deadline for Iran to agree to terms for ending American attacks. The declines lifted yields by as much as five basis points, with long-maturity tenors rising most. Ten- and 30-year yields reached session highs against an array of conflicting signals about whether Trump&rsquo;s threats of mass destruction are likely to come to pass. Oil prices &mdash; a principal driver of Treasury yields since the US assault on Iran began Feb. 28 &mdash; rose, US benchmark West Texas Intermediate crude futures by as much as 4.6% from Monday&rsquo;s multi-year high close. Yields reached year-to-date highs in late March as energy prices mounted, however they retreated from those levels amid mounting fears the oil shock will hit economic growth. Today's show features:
<ul>
<li>Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst</li>
<li>Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO</li>
<li>Michael Gross, SLR Capital Partners Co-Founder&nbsp;</li>
<li>Sastry Durvasula, TIAA Chief Operating, Information and Digital Officer</li>
</ul>

Trump Threatens 'All Hell' as 8pm Deadline Looms

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1f9e6691-c228-4999-b647-b425013c5b59/transcript

Meet Mrs. Meyers: the 93-year-old woman who gave birth to nine children in ten years and inspired a legacy line of household cleaning products. One of her children decided to reinvent the tired, toxic, and boring category of household cleaning products by creating her own competition, in her mother's inspiration.

Monica Nassif, is founder of Mrs. Meyer's Clean Day and author of the new book, 'I Bottled My Mother: The Mrs. Meyer’s Story: Grit, Grime & Growing a Business'. She discusses tips of building a startup, the challenges of raising money as a woman in business, and daily meditations from Mrs. Meyers.

Meet Mrs. Meyers: the 93-year-old woman who gave birth to nine children in ten years and inspired a legacy line of household cleaning products. One of her children decided to reinvent the tired, toxic, and boring category of household cleaning products by creating her own competition, in her mother's inspiration.
Monica Nassif, is founder of Mrs. Meyer's Clean Day and author of the new book, 'I Bottled My Mother: The Mrs. Meyer&rsquo;s Story: Grit, Grime &amp; Growing a Business'. She discusses tips of building a startup, the challenges of raising money as a woman in business, and daily meditations from Mrs. Meyers.

I Bottled My Mother: The Mrs. Meyer’s Story: Grit, Grime & Growing a Business'

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9f2a0e26-85d9-465b-a3ec-b4240158fefc/transcript

The Tumultuous Rise of American Sports Gambling

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