On this weeks edition of Wall Street Week, we tell a story of the prudence PNC uses in its approach to banking and serving the Pittsburgh community. We hear from PNC CEO Bill Demchak and Pittsburgh Steelers owner Art Rooney II. Caring for pets has turned into a business of companionship. We speak to Zoetis CEO Kristin Peck about innovation in pharmaceuticals for animals. Aspen Institute President Daniel Porterfield and Arizona State University President Michael Crow tell us what can be done to increase economic opportunity in the US.

On this weeks edition of Wall Street Week, we tell a story of the prudence PNC uses in its approach to banking and serving the Pittsburgh community. We hear from PNC CEO Bill Demchak and Pittsburgh Steelers owner Art Rooney II. Caring for pets has turned into a business of companionship. We speak to Zoetis CEO Kristin Peck about innovation in pharmaceuticals for animals. Aspen Institute President Daniel Porterfield and Arizona State University President Michael Crow tell us what can be done to increase economic opportunity in the US.

Wall Street Week tells the stories of capitalism from around the world, hosted by David Westin in New York.

Wall Street Week tells the stories of capitalism from around the world, hosted by David Westin in New York.

David Westin speaks with top names in finance about the week's biggest issues on Wall Street.

Wall Street Week

Bloomberg Wall Street Week - September 27th, 2024

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/31c0e184-2e60-43d5-ba70-b1f80183917c/transcript

This week, the Fed holds rate steady, anticipating greater uncertainty and higher prices amid the war in Iran. And AI is advancing fast, but real-world limits mean it may transform industries more gradually and less dramatically than many expect today. Plus, are US tariffs on Canada causing long-term economic harm, or are they resetting the relationship between two closely linked economies? Later, efforts to limit teen social media use are gaining momentum worldwide, but uneven enforcement is raising questions about their real impact.

This week, the Fed holds rate steady, anticipating greater uncertainty and higher prices amid the war in Iran. And AI is advancing fast, but real-world limits mean it may transform industries more gradually and less dramatically than many expect today. Plus, are US tariffs on Canada causing long-term economic harm, or are they resetting the relationship between two closely linked economies? Later, efforts to limit teen social media use are gaining momentum worldwide, but uneven enforcement is raising questions about their real impact.

Fed on Iran War, AI Expectations, US-Canada Trade War, Australia’s Social Media Restrictions

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fe48927f-2ce7-4159-b144-b413013387e0/transcript

This week, Steven Rattner of Willett Advisors explains why the US labor market is softening and what tariffs, AI and stagflation risk could mean next. And as Europe prepares to spend more on defense, Sweden is emerging as an unlikely but crucial player in the continent’s push. Plus, private credit’s advantages are becoming vulnerabilities as some investors try to get their money out. Later, Nepal’s Gen Z protests toppled a government, and now the country’s voters are trying to turn that uprising into lasting change.

This week, Steven Rattner of Willett Advisors explains why the US labor market is softening and what tariffs, AI and stagflation risk could mean next. And as Europe prepares to spend more on defense, Sweden is emerging as an unlikely but crucial player in the continent&rsquo;s push. Plus, private credit&rsquo;s advantages are becoming vulnerabilities as some investors try to get their money out. Later, Nepal&rsquo;s Gen Z protests toppled a government, and now the country&rsquo;s voters are trying to turn that uprising into lasting change.

Soft US Jobs, Swedish Defense Spending, Private Credit Woes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8d13e3a7-ae44-41d4-bd8b-b40c010f72e2/transcript

This week, from Iran to inflation, former Goldman Sachs CEO Lloyd Blankfein explains why risk management matters most when markets appear stable and confident. And, From digital IDs to AI agents, Ukraine is rebuilding government services even as war reshapes the country. Plus, as smokeless products such as Zyn and IQOS surge in popularity, are we witnessing harm reduction or a smarter tobacco strategy? Later, who will build the data centers powering artificial intelligence and are there enough workers?

This week, from Iran to inflation, former Goldman Sachs CEO Lloyd Blankfein explains why risk management matters most when markets appear stable and confident. And, From digital IDs to AI agents, Ukraine is rebuilding government services even as war reshapes the country. Plus, as smokeless products such as Zyn and IQOS surge in popularity, are we witnessing harm reduction or a smarter tobacco strategy? Later, who will build the data centers powering artificial intelligence and are there enough workers?

Lloyd Blankfein, Ukraine’s War-Fueled Tech Revolution, Big Tobacco’s Smoke-Free Bet, AI Data Center Gold Rush

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/49b8a33f-c944-445b-8423-b405016ed0cd/transcript

Bloomberg Wall Street Week - September 27th, 2024

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