Bloomberg Businessweek Editor Joel Weber and Bloomberg News US Economy Reporter Katia Dmitrieva discuss how traditional economic indicators can’t predict the timing of a US recession, and newer forecasting methods are untested. Mario Cordero, Executive Director at the Port of Long Beach, talks about the significance of ports within the US economy. Next Round Capital Partners Founder Ken Smythe explains how private companies are being creative to avoid a down round of funding. Kevin Carter, Founder of EMQQ, discusses how China’s reopening is signaling positive growth and opportunities for investors. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. 
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. 

Bloomberg Businessweek Editor Joel Weber and Bloomberg News US Economy Reporter Katia Dmitrieva discuss how traditional economic indicators can’t predict the timing of a US recession, and newer forecasting methods are untested. Mario Cordero, Executive Director at the Port of Long Beach, talks about the significance of ports within the US economy. Next Round Capital Partners Founder Ken Smythe explains how private companies are being creative to avoid a down round of funding. Kevin Carter, Founder of EMQQ, discusses how China’s reopening is signaling positive growth and opportunities for investors. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group. 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

US Recession Call Trickier Than Ever

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/22c021c6-35c3-4bdf-88a2-af95015a2873/transcript

The people, companies and trends shaping the global economy.

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

Federal Reserve Chair Jerome Powell said he plans to stay at the central bank until after the Justice Department’s investigation is complete.

“I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality,” Powell said Wednesday at a press conference.

His comments marked the first time Powell has given any public indication that he intends to continue serving his term as a governor, which runs until 2028, after his term as chair expires in May. Speculation he would do so has increased in recent months amid a government probe into the US central bank.

The DOJ in January issued subpoenas to the Fed as part of an investigation into cost overruns in a building renovation project. In a statement at the time, Powell called the reasons for the investigation pretexts and said the probe was really triggered by the Fed’s refusal to set interest rates based on President Donald Trump’s demands.

The subpoenas were blocked by a federal judge earlier this month, but the DOJ said it would appeal that decision.

Today's show features:
Greg Peters, Co-Chief Investment Officer and PGIM Fixed Income
Kalshi CEO Tarek Mansour and reaction from Bloomberg Cross Asset Reporter Denitsa Tsekova
Hendi Susanto, Portfolio Manager of Technology at Gabelli Funds on Micron Earnings
Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst, on where China stands amidst the Iran War

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Federal Reserve Chair Jerome Powell said he plans to stay at the central bank until after the Justice Department&rsquo;s investigation is complete.
&ldquo;I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality,&rdquo; Powell said Wednesday at a press conference.
His comments marked the first time Powell has given any public indication that he intends to continue serving his term as a governor, which runs until 2028, after his term as chair expires in May. Speculation he would do so has increased in recent months amid a government probe into the US central bank.
The DOJ in January issued subpoenas to the Fed as part of an investigation into cost overruns in a building renovation project. In a statement at the time, Powell called the reasons for the investigation pretexts and said the probe was really triggered by the Fed&rsquo;s refusal to set interest rates based on President Donald Trump&rsquo;s demands.
The subpoenas were blocked by a federal judge earlier this month, but the DOJ said it would appeal that decision.
Today's show features:
<ul>
<li>Greg Peters, Co-Chief Investment Officer and PGIM Fixed Income</li>
<li>Kalshi CEO Tarek Mansour and reaction from Bloomberg Cross Asset Reporter Denitsa Tsekova</li>
<li>Hendi Susanto, Portfolio Manager of Technology at Gabelli Funds on Micron Earnings</li>
<li>Jennifer Welch, Bloomberg Economics Chief Geoeconomics Analyst, on where China stands amidst the Iran War</li>
</ul>

Powell Says No Plans to Leave Fed Until Investigation Over

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e60a705b-2111-4af9-86d1-b4110163edaf/transcript

There’s been a lot of negative media around “private credit,” but most of that conversation is focused on leveraged corporate lending. Real estate credit is a different market — loans are asset-backed and underwritten to hard collateral. We’re in the middle of a significant housing shortage in the U.S., particularly in major urban markets like New York. That structural demand continues to support new housing development and well-located multifamily assets. There’s increasing attention from policymakers around housing affordability and supply, including proposals from figures like Zohran Mamdani. Regardless of the political approach, there’s broad recognition that more housing needs to be built and that capital will be needed to support that supply.

Ran Eliasaf is Founder and Manager Partner of Northwind Group, an institutional real estate credit platform focused on lending and structured financing for commercial real estate and healthcare assets. Since its founding in 2008, the firm has transacted on more than $9 billion of real estate across over 400 properties and originated approximately $4 billion of loans secured by more than 300 properties, with zero principal losses across its debt investments to date. Ran speaks with Bloomberg's Carol Massar and Tim Stenovec.

There&rsquo;s been a lot of negative media around &ldquo;private credit,&rdquo; but most of that conversation is focused on leveraged corporate lending. Real estate credit is a different market &mdash; loans are asset-backed and underwritten to hard collateral. We&rsquo;re in the middle of a significant housing shortage in the U.S., particularly in major urban markets like New York. That structural demand continues to support new housing development and well-located multifamily assets. There&rsquo;s increasing attention from policymakers around housing affordability and supply, including proposals from figures like Zohran Mamdani. Regardless of the political approach, there&rsquo;s broad recognition that more housing needs to be built and that capital will be needed to support that supply.
Ran Eliasaf is Founder and Manager Partner of Northwind Group, an institutional real estate credit platform focused on lending and structured financing for commercial real estate and healthcare assets. Since its founding in 2008, the firm has transacted on more than $9 billion of real estate across over 400 properties and originated approximately $4 billion of loans secured by more than 300 properties, with zero principal losses across its debt investments to date. Ran speaks with Bloomberg's Carol Massar and Tim Stenovec.

The Capital Needed to Build More Housing

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8b53cdde-af87-40df-8149-b41101386642/transcript

Regenerative Social Finance (RSF) is an impact-first financial services organization. They offer investment notes, donor-advised funds, and loans to mission-driven organizations to mobilize money to have a positive social and environmental impact. They have invested in healthier food systems, whole-child education, cleaner climates, stronger communities, and more.

Kathleen Paylor is Vice President of Impact Investing and Philanthropy at Regenerative Social Finance (RSF), where she works with investors to align financial returns with measurable social and environmental impact. She speaks on how women and high-net-worth investors increasingly rethinking how they allocate capital

Regenerative Social Finance (RSF) is an impact-first financial services organization. They offer investment notes, donor-advised funds, and loans to mission-driven organizations to mobilize money to have a positive social and environmental impact. They have invested in healthier food systems, whole-child education, cleaner climates, stronger communities, and more. Kathleen Paylor is Vice President of Impact Investing and Philanthropy at Regenerative Social Finance (RSF), where she works with investors to align financial returns with measurable social and environmental impact. She speaks on how women and high-net-worth investors increasingly rethinking how they allocate capital

How High-Net-Worth Investors are Approaching Capital Allocation

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/36eec756-52fc-404d-a78d-b410015982cc/transcript

US Recession Call Trickier Than Ever

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