President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury Secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term. Bloomberg Balance of Power hosts Joe Mathieu and Kailey Leinz offer instant reaction.

President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury Secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term. Bloomberg Balance of Power hosts Joe Mathieu and Kailey Leinz offer instant reaction.

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

 SPECIAL REPORT: Trump Nominates Scott Bessent To Lead US Treasury

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ec0f0a27-689b-467a-aabd-b231000c1487/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/ee66f582-f946-4087-8c6b-b41301589d68/transcript

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

SPECIAL REPORT: Trump Nominates Scott Bessent To Lead US Treasury

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