What's in a name? | Tariffs hit autos, naming the Inflation Reduction Act, AI hurdles
This week, we look at why US automakers are getting hit by the threat of tariffs meant to protect them. And, the Inflation Reduction Act was supposed to be able to pay for its spending without increasing inflation - did it live up to its name? Plus, the promise of AI keeps growing along with the hurdles in its way. We talk to Nobel Laureate Geoffery Hinton and "Chip War" author, Chris Miller.See omnystudio.com/listener for privacy information.
This week, Former US Treasury Secretary Lawrence H. Summers and Bloomberg News Head of Economics and Government Stephanie Flanders look at how President Trump took his negotiating style from New York the Oval Office. Meanwhile Thomas Peterffy of Interactive Brokers and former CFTC chairman Timothy Massad tell us why event contracts are different from betting markets. And, we take an inside look at a regulated prediction market, Kalshi. Plus, we go to Wyoming for an inside look into new laser technology that can be used to detect methane leaks that are costly to the environment and businesses.See omnystudio.com/listener for privacy information.
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Spending on the Right Things: Future of Cancer, Alzheimer's, Global Debt Cycles
Pfizer chairman and CEO Albert Bourla sees cancer as the pharmaceutical company's next frontier. Meanwhile, funding and research in finding a cure for Alzheimer's might have crowded out more effective approaches. And, Bridgewater Associates founder Ray Dalio tells us how countries go broke.See omnystudio.com/listener for privacy information.
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Instant Reaction: Trump Tariffs Hit Mexico, Canada and China
US President Donald Trump ramped up his tariff threats to the European Union while saying he would speak with the leaders of Canada and Mexico, as stock markets sank following a hectic weekend that saw prospects for a trade war turn into reality.In remarks to reporters on Sunday night, Trump said he would hold separate calls on Monday morning with Canadian Prime Minister Justin Trudeau, as well as with the Mexican leadership, after announcing 25% tariffs on the US’s neighbors and top trading partners. The levies are set to take effect on Tuesday, barring a last-minute deal.Bloomberg Daybreak hosts Nathan Hager and Karen Moskow bring you instant reaction to the weekend's developments on global trade. Subscribe to the Bloomberg Daybreak Podcast: on Apple: http://bit.ly/3DWYoAN on Spotify: http://bit.ly/3jGRYiB Anywhere: http://bit.ly/460OMka See omnystudio.com/listener for privacy information.
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Hitting the mark: Fed's Inflation Target, Tale of NYC Office Real Estate
This week, we look at where the Federal Reserve's 2% inflation target came from and how differently inflation is perceived across the country with the Fed presidents of New York, Minneapolis, and Chicago. Plus, we take you to two different office buildings in New York City, One Vanderbilt and 322 Eighth Avenue, to tell the story of the challenges that unite commercial real estate properties, regardless of class. And, Chinese AI startup DeepSeek roils global markets and the Magnificent 7.See omnystudio.com/listener for privacy information.
Colombia