Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown.
Vought told House lawmakers Wednesday that some federal agencies will move to terminate workers within one to two days, according to people familiar with the remarks, who requested anonymity to discuss a private meeting.
White House Press Secretary Karoline Leavitt told reporters that layoffs would happen within “two days, imminent, very soon” but declined to give any details about what agencies or positions would be targeted.
President Donald Trump and his team have moved quickly to capitalize on the shutdown to shrink the size of the federal government.
The administration earlier Wednesday halted $18 billion in federal funding for infrastructure projects in New York City, including for the Second Avenue Subway project and Hudson Tunnel Project.
Today's show features:
Bloomberg Intelligence Senior Policy Analyst Nathan Dean on the US Government Shutting Down
Her Excellency Noor bint Ali Alkhulaif, CEO of Bahrain Economic Development Board and Kingdom of Bahrain’s Minister of Sustainable Development
Angie Franks, CEO of Kalderos, and Bloomberg News Health Reporter Damian Garde on the Trump administration securing drug pricing deals with pharmaceutical companies
Drive to the Close with Alexis Browne Roberts, COO & Portfolio Manager at Alexis Investment Partners

 

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown. Vought told House lawmakers Wednesday that some federal agencies will move to terminate workers within one to two days, according to people familiar with the remarks, who requested anonymity to discuss a private meeting. White House Press Secretary Karoline Leavitt told reporters that layoffs would happen within &ldquo;two days, imminent, very soon&rdquo; but declined to give any details about what agencies or positions would be targeted. President Donald Trump and his team have moved quickly to capitalize on the shutdown to shrink the size of the federal government. The administration earlier Wednesday halted $18 billion in federal funding for infrastructure projects in New York City, including for the Second Avenue Subway project and Hudson Tunnel Project. Today's show features:
<ul>
<li>Bloomberg Intelligence Senior Policy Analyst Nathan Dean on the US Government Shutting Down</li>
<li>Her Excellency Noor bint Ali Alkhulaif, CEO of Bahrain Economic Development Board and Kingdom of Bahrain&rsquo;s Minister of Sustainable Development</li>
<li>Angie Franks, CEO of Kalderos, and Bloomberg News Health Reporter Damian Garde on the Trump administration securing drug pricing deals with pharmaceutical companies</li>
<li>Drive to the Close with Alexis Browne Roberts, COO &amp; Portfolio Manager at Alexis Investment Partners</li>
</ul>
&nbsp;

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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

What a Government Shutdown Means

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b64a2189-62b3-4497-9da2-b3690169263b/transcript

The son of Ayatollah Ali Khamenei will become Iran’s next supreme leader, Iran’s semi-official Fars news agency announced, taking over after his father was killed in an attack by the US and Israel. Mojtaba Khamenei, 56, is the third person to lead the Islamic Republic and the first example of hereditary succession since the overthrow of the Pahlavi monarchy in the 1979 revolution. Iran’s Assembly of Experts elected the country’s next supreme leader in a “decisive vote,” according to Fars. The vote took place hours before the result was made public. Alex Vatanka, Middle East Institute Senior Fellow, joins Bloomberg Businessweek Daily to discuss Mojtaba Khamenei's ascent and what it means for Iran and global relations.

The son of Ayatollah Ali Khamenei will become Iran&rsquo;s next supreme leader, Iran&rsquo;s semi-official Fars news agency announced, taking over after his father was killed in an attack by the US and Israel. Mojtaba Khamenei, 56, is the third person to lead the Islamic Republic and the first example of hereditary succession since the overthrow of the Pahlavi monarchy in the 1979 revolution. Iran&rsquo;s Assembly of Experts elected the country&rsquo;s next supreme leader in a &ldquo;decisive vote,&rdquo; according to Fars. The vote took place hours before the result was made public. Alex Vatanka, Middle East Institute Senior Fellow, joins Bloomberg Businessweek Daily to discuss Mojtaba Khamenei's ascent and what it means for Iran and global relations.

Iran Picks Khamenei’s Son as Next Leader

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8843d218-5f76-432b-a90d-b4090171c9f5/transcript

The people, companies and trends shaping the global economy.

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

Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran.

Oil prices plummeted after Energy Secretary Chris Wright erroneously posted — and then deleted — a message that the US Navy had escorted an oil tanker through the Strait of Hormuz, only for White House Press Secretary Karoline Leavitt to subsequently concede no such operation had occurred. But, the spokeswoman said, the US military was “drawing up additional options” to address any attempt by Iran to constrain trade through the vital artery.

Later Tuesday afternoon, President Donald Trump posted his own flurry of messages on social media. First, Trump insisted the US had “no reports” of mines being placed, but then urged Iranian forces to remove any explosives they may have laid.

Next, Trump said the US was “using the same Technology and Missile capabilities deployed against Drug Traffickers” to target mining ships. Minutes later, the president reported that the US had “hit, and completely destroyed, 10 inactive mine laying boats” and promised “more to follow.”
Today's show features:
Kevin Gordon, Schwab Head of Macro Research & Strategy as markets digest a flurry of geopolitical headlines
Bloomberg Balance of Power Co-host Joe Mathieu as the White House says the US Navy has not escorted a tanker through the Strait
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech on Apple's new $599 MacBook Neo
Anurag Rana, Bloomberg Intelligence Senior Technology Analyst on Oracle's blockbuster earnings report

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.
Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran.
Oil prices plummeted after Energy Secretary Chris Wright erroneously posted &mdash; and then deleted &mdash; a message that the US Navy had escorted an oil tanker through the Strait of Hormuz, only for White House Press Secretary Karoline Leavitt to subsequently concede no such operation had occurred. But, the spokeswoman said, the US military was &ldquo;drawing up additional options&rdquo; to address any attempt by Iran to constrain trade through the vital artery.
Later Tuesday afternoon, President Donald Trump posted his own flurry of messages on social media. First, Trump insisted the US had &ldquo;no reports&rdquo; of mines being placed, but then urged Iranian forces to remove any explosives they may have laid.
Next, Trump said the US was &ldquo;using the same Technology and Missile capabilities deployed against Drug Traffickers&rdquo; to target mining ships. Minutes later, the president reported that the US had &ldquo;hit, and completely destroyed, 10 inactive mine laying boats&rdquo; and promised &ldquo;more to follow.&rdquo; Today's show features:
<ul>
<li>Kevin Gordon, Schwab Head of Macro Research &amp; Strategy as markets digest a flurry of geopolitical headlines</li>
<li>Bloomberg Balance of Power Co-host Joe Mathieu as the White House says the US Navy has not escorted a tanker through the Strait</li>
<li>Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech on Apple's new $599 MacBook Neo</li>
<li>Anurag Rana, Bloomberg Intelligence Senior Technology Analyst on Oracle's blockbuster earnings report</li>
</ul>

Admin's Mixed Messages on Iran Stoke More Volatility

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ec50702b-708a-4828-a01b-b409016d921a/transcript

As fans of FX’s new limited series, Love Story: John F. Kennedy Jr. & Carolyn Bessette search for real-life versions of the characters' wardrobes, they're running into roadblocks. According to Google Trends, searches for “Calvin Klein 90s” shot up 850% in the US the week Love Story premiered. When customers found more fleece joggers and graphic tees on its website than the sleek basics they were looking for, some turned to secondhand sellers. PVH Corp., the apparel conglomerate that bought the Calvin Klein brand from the designer of the same name in 2003, declined to comment on its CBK strategy—or lack thereof—citing a quiet period ahead of its next earnings release. 

Dina Katgara, Bloomberg News Consumer Reporter, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.

As fans of FX&rsquo;s new limited series, Love Story: John F. Kennedy Jr. &amp; Carolyn Bessette search for real-life versions of the characters' wardrobes, they're running into roadblocks. According to Google Trends, searches for &ldquo;Calvin Klein 90s&rdquo; shot up 850% in the US the week Love Story premiered. When customers found more fleece joggers and graphic tees on its website than the sleek basics they were looking for, some turned to secondhand sellers. PVH Corp., the apparel conglomerate that bought the Calvin Klein brand from the designer of the same name in 2003, declined to comment on its CBK strategy&mdash;or lack thereof&mdash;citing a quiet period ahead of its next earnings release. Dina Katgara, Bloomberg News Consumer Reporter, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.

Calvin Klein Is Missing Its Carolyn Bessette Kennedy Moment  

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/742f0ace-b641-4f1a-bcc5-b408015e4350/transcript

What a Government Shutdown Means

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