Bloomberg Businessweek

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

US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, for the biggest monthly jump since March 2025. The Federal Reserve’s preferred measure of underlying inflation, the personal consumption expenditures price index excluding food and energy, rose a less-than-expected 0.2%. The prior month was also revised lower.

On today's episode:
Mike McKee, Bloomberg News & Lindsey Piegza, Chief Economist at Stifel
David Bahnsen, Founder & CIO at The Bahnsen Group
Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist
Jennifer Palmer, Founder & CEO at JPalmer Collective
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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

Apple Inc. Chief Executive Officer John Ternus, just weeks into the role, is moving to overhaul the iPhone maker in an effort to accelerate product development, broaden its range of devices and create a leaner organization with a greater focus on engineering.

The plans, which Ternus has discussed internally with colleagues, offer the first signs of how Apple’s former hardware engineering chief intends to reshape the company following Tim Cook’s 15-year tenure as CEO. We take a closer look with Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech.
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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

OpenAI has unveiled an always-on artificial intelligent agent that’s designed to proactively tackle work on a user’s behalf, competing with firms like Meta Platforms Inc. in a growing field for AI-powered digital assistants. The product, called Dots, is capable of using a computer and pulling information from various connected applications to conduct research, draft documents and develop software, OpenAI said on Tuesday.

On today's episode:
OpenAI CEO Sam Altman & Ed Ludlow, Host of Bloomberg Tech
Dave Lee, Bloomberg Opinion Columnist
Ann Miletti, Head of Equity Investments at Allspring Global Investments
Ian Rogers, Chief Human Agency Officer at Ledger
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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

Global anxiety over artificial intelligence risks has intensified following fresh disclosures about a far wider range of breaches by advanced AI models, setting the stage for a high-stakes meeting between Anthropic PBC Chief Executive Officer Dario Amodei and President Donald Trump.
Amodei and Trump met on Sunday night, according to a White House official, bringing together two men at opposite ends of the AI safety debate. The meeting marked their first private sit-down after months of rocky relations between the Anthropic chief and the administration over safety-related issues involving the company’s AI tools.

We discuss their meeting and the day's top headlines with Seth Fiegerman, Bloomberg News AI Editor.
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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

The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, dampening hopes of a diplomatic breakthrough to end the war. The decline pushed most Treasury yields higher by nearly 10 basis points by noon in New York, with those on 10-year bonds climbing to a fresh 19-year high. Meantime, Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November.

On today's episode:
Patrick Murphy, former Acting Secretary of the Army & US Congressman
Bob Chapek, former Disney CEO
Rebecca Walser, Founder & CIO at Walser Wealth Management
Ed Ludlow, 'Bloomberg Tech' Host
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