Bloomberg Businessweek

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

Several Federal Reserve officials favored an interest-rate hike last month and many indicated that policy tightening would be necessary if inflation didn’t decline. The FOMC voted 9-3 in July to hold the benchmark federal funds rate in a range of 3.5% to 3.75%, with some officials dissenting in favor of raising rates. The release of minutes comes as the total US public debt has surpassed $40 trillion for the first time, with a surge of a third in less than five years.

On today's episode:
Michael McKee, Bloomberg TV and Radio International Economics & Policy Correspondent
Karen Veraa-Perry, Head of U.S. iShares Fixed Income Strategy, BlackRock
Jim Caron, CIO, Portfolio Solutions, Morgan Stanley Investment Management
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Zocdoc, the healthcare access infrastructure that connects patients to great care, announced a first-of-its-kind partnership with the Gemini app to make agentic healthcare appointment booking a reality. Zocdoc’s AI-Informed Patient Report shows 26% of patients have used AI for a health question and 85% of providers are seeing more AI-informed patients.

CEO Dr. Oliver Kharraz explains how the new partnership works, saying it's important for Zocdoc to help enable patients to get the healthcare and answers they need, and quicker than ever before.
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The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Sovereign borrowing rates are surging around the world, with yields on 30-year US Treasuries rising to the highest since 2007. Plus, a selloff in chipmakers sent stocks lower, with the market also falling over inflation angst and rising government debt. Questions remain over what it all might mean for the Fed, and how economic pressures may sway President Trump's relationship with China ahead of a meeting with Xi Jinping next month.

On today's episode:
Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist & Davide Barbuscia, Bloomberg News Corporate Finance Reporter
Shehzad Qazi, China Beige Book COO
Ian King, Bloomberg New US Semiconductor Reporter
Vanessa Phillips, Feel Good Foods CEO & Founder
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Young Americans are reacting to economic pressure by building their own businesses and creating multiple income streams, with some investing in speculative investments or obsessively saving for retirement. Micah Stanley, a 24-year-old who never finished high school, has built a successful business with vending machines that dispense flavored vape pens and nicotine pouches, and now drives a Lamborghini and coaches others on how to start their own vending machine businesses. Gen Z is increasingly turning to entrepreneurship as a way to build wealth, with applications to form new businesses increasing by 66% in the past year, and many younger people saying they want to be their own boss and have multiple sources of income to achieve financial security.

For more, Carol Massar and Tim Stenovec speak with Redd Brown, Bloomberg News Consumer Reporter
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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 said he’s not interested in extending the expiring agreement with Iran. The price of Brent crude climbed above $90 a barrel as fresh concerns about an escalation of the war jolted global energy markets. Tensions in the Middle East were already on the rise over the weekend, with Israel’s military saying it killed senior Hezbollah commander Abu Hassan Alaa in southern Lebanon.

On this episode, Carol Massar and Tim Stenovec speak with:
Jordan Fabian, Bloomberg News White House and Politics Team Leader
Nick Wadhams, Bloomberg News National Security Reporter AND Mark Cancian, CSIS Senior Adviser, Defense and Security Department on US-Iran latest from a military/stockpile/weapons standpoint, Iran's side of negotiations
Sri Natarajan, Bloomberg News Chief Wall Street Correspondent on ‘I Hate Losing’: Walter Rushes Makeover as DOJ Probes His Empire
Peter Harrell, Visiting Scholar at the Georgetown Institute of International Economic Law AND Former Biden White House Senior Dir. for International Economics
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