Bloomberg Businessweek

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Germany will take the lead of European nations sending military personnel to Greenland after Denmark said its meeting with top US officials intent on controlling the world’s biggest island revealed that a “fundamental disagreement” remains.The decision to dispatch reinforcements to the Arctic territory as early as this week highlights the urgency with which European nations seek to respond to US threats over Greenland. A meeting of foreign ministers from Denmark and Greenland with US Vice President JD Vance and Secretary of State Marco Rubio in Washington failed to dispel the specter of a US takeover.On Thursday, Germany’s “exploration mission” of 13 soldiers will arrive in Nuuk as European nations begin to work out how to ensure security in the region. Their task will be to “explore the framework conditions for possible military contributions to support Denmark in ensuring security in the region, for example, for maritime surveillance capabilities,” according to a statement from the German defense ministry.France will participate in the joint drills in Greenland this week, according to the defense ministry’s press office, which provided no details.In addition, Sweden is sending “several officers,” Norway two persons and the UK one officer. The reconnaissance group is visiting the island ahead of the planned “Arctic Endurance” training exercise, UK Defense Minister John Healey told reporters in Sweden. Denmark on Wednesday said the drill with North Atlantic Treaty Organization allies would become a permanent fixture.Today's show features: Ed Price, Senior Non-Resident Fellow at New York University, on Western Europe's response to President Donald Trump's Greenland overtures and why some allies of Russian President Vladimir Putin are concerned that he is abandoning them Matt Hornbach, Global Head of Macro Strategy at Morgan Stanley on the market outlook and potential impact of the Supreme Court’s pending tariff ruling Karin Kimbrough, Chief Economist at LinkedIn on Wednesday’s retail and PPI reports as well as a new report detailing the impact of AI on the US labor market Michael Townsend, Managing Director of Legislative and Regulatory Affairs at Schwab, on expectations for the pending Supreme Court ruling on IEEPA tariffs and renewed legal action against Federal Reserve Chairman Jerome Powell See omnystudio.com/listener for privacy information.

Acadia Pharmaceuticals, a leader in neuroscience and rare disease, is working to advance next-generation therapies. The company's commercial portfolio already includes the first and only FDA-approved treatments for Parkinson’s disease psychosis and Rett syndrome. Acadia is also developing the next wave of therapeutic advancements with a pipeline that includes mid- to late-stage programs in Alzheimer’s disease psychosis and Lewy body dementia psychosis, along with earlier-stage programs that address other underserved patient needs. Catherine Owen Adams, the CEO of Acadia, discusses her firm's commitment to turning scientific promise into meaningful innovation that can help make a difference for underserved neurological and rare disease communities around the world. Catherine speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Wall Street traders sent stocks lower as inflation data failed to alter bets on a pause in Federal Reserve rate cuts while JPMorgan Chase & Co. led a slide in banks after its results. Bonds wavered. The dollar rose.Signs that price pressures are gradually abating gave a degree of comfort to investors in the immediate aftermath of the data, but the moves across asset classes waned as the session progressed. The S&P 500 fell from a record. JPMorgan sank 4.2% as investment-banking fees missed the guidance, with revenue from both underwriting and advising on mergers dropping.Not even a slower-than-expected increase in the core consumer price index was able to sustain the advance in Treasuries that followed the data. After Fed Chair Jerome Powell and his colleagues deployed three rate cuts since September, money markets continued to project the next reduction only in mid-2026.Today's show features: Chris Whalen, Chairman of Whalen Global Advisors, on JPMorgan Chase earnings and the global banking sector Matthew Luzzetti, Chief US Economist and Head of US Economic Research at Deutsche Bank, on the latest US CPI print and challenges to Federal Reserve independence Savanthi Syth, Managing Director for Airlines and Advanced Air Mobility with Raymond James, on Delta’s quarterly earnings and the airline sector outlook Bloomberg News Senior Editor, Equities Americas Eric Weiner on the Tuesday trade and Bloomberg Economics US and Canada Economist Stuart Paul on key data and the Federal Reserve See omnystudio.com/listener for privacy information.

The time of the corporate landlord as America’s housing villain was supposed to be over. Money managers like Blackstone Inc. and Pretium, who binged on single-family rentals in the wake of the financial crisis took blow after blow as housing prices shot up. But the cohort has since cooled its buying, and the attacks slowed. But President Donald Trump on Wednesday brought the issue front-and-center when he pledged in a social media post to stop institutional investors from buying more homes.Stephen Scherr, Co-President at Pretium, weighs in on the president's threats against his business and how the country's leading owners of single-family rental homes might have to reposition themselves in the near-term. Stephen speaks with Tim Stenovec, Emily Graffeo and Bloomberg News Chief Wall Street Correspondent Sri Natarajan on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investigation to pressure and intimidate the central bank.Senator Thom Tillis, a key Republican on the Banking Committee who isn’t running for reelection, vowed quickly Sunday night to oppose any Trump nominees to the Fed until the matter is resolved. Other Republican senators, including former Bridgewater Associates CEO Dave McCormick, offered more measured pushback on Monday.Tillis’s threat is a potential roadblock to Trump’s plans to bend the bank to his will. Opposition from Tillis would likely deadlock any Fed nominee on the Senate Banking Committee, which is divided 13-11 between the two parties. And under current Senate rules, it takes 60 votes to successfully discharge a contentious nomination from a committee and Democratic senators are highly unlikely to come to Trump’s aid.Senate Majority Leader John Thune said the threat of a legal battle with the Fed could make confirming Fed nominees “challenging.”Today's show features: Heather Long, Chief Economist at Navy Federal Credit Union, on Federal Reserve independence and the health of the American consumer Aaron Kennon, Chief Executive Officer of Clear Harbor Asset Management on the US monetary policy outlook, and whether bullish sentiment for gold and AI will persist Bloomberg News Consumer Finance Reporter Paige Smith on President Donald Trump’s call for a cap of 10% on credit-card interest rates Bloomberg News National Security Team Leader Wadhams on the latest developments in Iran and US options as it mulls whether to pursue new military action See omnystudio.com/listener for privacy information.

Barnes & Noble is the largest retail bookseller in the United States. The Company has approximately 600 bookstores across the United States, as well as its online bookstore at BN.com, the NOOK Digital business, which offers both eBooks and an audio book subscriptions service, the SparkNotes educational service, and stationery and gift retailer Paper Source.James Daunt serves as the CEO of Barnes & Noble. He discusses his stewardship and rejuvenation of the popular chain, as well as whether the Elliott Advisors-owned company might once again become a public company. James speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Major US oil executives expressed caution to Donald Trump about reentering Venezuela, even as the president pressured their companies to spend at least $100 billion to revive the country’s crude oil production.Trump convened nearly 20 industry representatives in the East Room of the White House on Friday and predicted they could come to an agreement “today or very shortly thereafter” to restart operations in the oil-rich Latin American country, following the brazen capture of leader Nicolás Maduro.“If you don’t want to go in, just let me know, because I’ve got 25 people that aren’t here today that are willing to take your place,” Trump told the oil representatives.Comments from some of the executives indicated the president may need to do more convincing. While many praised Trump and said they relished the opportunity resulting from last weekend’s military action, they stressed that hard work remained before they could make substantive investments. Exxon Mobil Corp. Chief Executive Officer Darren Woods said that Venezuela is currently “uninvestable.”Today's show features: Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on oil executives’ White House visit with President Donald Trump Rockford Weitz, Professor of Practice & Director of the Maritime Studies Program at Tufts University's Fletcher School of Law and Diplomacy, on the latest developments in Venezuela and other global geopolitical hotspots Gregory Daco, Chief Economist at EY, on the December nonfarm payrolls report and the broader US economic outlook Katie Hubbard, President of US Capital Markets at Walton Global on President Donald Trump proposed ban on institutional residential real estate purchases and push to make Fannie Mae and Freddie Mac buy $200 billion in mortgage bonds See omnystudio.com/listener for privacy information.

Archer Aviation is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. The company is partnering with cities across the country to submit multiple applications to launch initial air taxi operations under the White House’s eVTOL Integration Pilot Program (eIPP), a first-of-its-kind public-private initiative led by the US Department of Transportation and Federal Aviation Administration to support the safe integration of air taxis in the US beginning as soon as this year. Adam Goldstein is the founder of Archer and has served as its Chief Executive Officer and Chairman of the Board of Directors since the company was listed on the NYSE in 2021. He discusses the prospects for an expansive eVTOL rollout in the near-term with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. US President Donald Trump said he was directing the purchase of $200 billion in mortgage bonds, which he cast as his latest effort to bring down housing costs ahead of the November midterm election. Trump announced the move on Thursday in a social media post. The director of the Federal Housing Finance Agency, Bill Pulte, said soon after that the president aims for Fannie Mae and Freddie Mac to execute the purchases. “This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” Trump wrote in his post.He added that his decision not to sell Fannie Mae and Freddie Mac during his first term allowed them to amass “$200 BILLION DOLLARS IN CASH” and that he was making his announcement “because of that.” “It is one of my many steps in restoring Affordability, something that the Biden Administration absolutely destroyed,” the president said. Mortgage backed securities rallied relative to Treasuries on the news. Fannie Mae and Freddie Mac have added billions of dollars of mortgage-backed securities and home loans to their balance sheets in recent months, fueling speculation that they’re trying to push down lending rates and boost their profitability ahead of a potential public offering. Today's show features: Conor Sen, Bloomberg Opinion columnist and Founder of Peachtree Creek Investments, on his latest column about President Donald Trump's proposal to ban institutional investors from buying single-family homes Bloomberg Economics US and Canada Economist Stuart Paul on Thursday’s jobs data and what to expect from Friday’s nonfarm payrolls report and Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on key market indicators to watch in early 2026 David Woo, Macro Strategist and former Bank of America Head of Global Interest Rates, Foreign Exchange, Emerging Markets Fixed Income Strategy & Economics Research Bloomberg News Technology Reporter Alexandra Levine on what appears to be the end of the effort to ban TikTok in the US with a sale to American investors See omnystudio.com/listener for privacy information.

Oshkosh Corporation builds what it calls "purpose-built equipment" to help people advance communities around the world. Headquartered in Wisconsin, Oshkosh employs more than 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products are found in more than 150 countries under the brands of JLG, Pierce, MAXIMETAL, Oshkosh S-Series, McNeilus, IMT, Jerr-Dan, Frontline Communications, Oshkosh Airport Products, Oshkosh AeroTech, Oshkosh Defense and Pratt Miller. John Pfeifer has served as the company's president and CEO since 2021. He discuss what Oshkosh Corporation is showcasing at CES 2026 in Las Vegas when it comes to advanced technologies in autonomy, AI, connectivity and electrification. John speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said he would move to ban institutional investors from buying single-family homes, part of a push to address housing affordability ahead of this year’s midterm elections.“People live in homes, not corporations,” Trump said in a social media post Wednesday announcing the effort, adding that he would expound on the plan at the World Economic Forum in Davos, Switzerland, later this month.The news sent shares of homebuilders, including Toll Brothers Inc., Invitation Homes Inc., KB Home and PulteGroup Inc., down. Shares of Blackstone Inc. — a major investor in single-family homes in the US —fell by as much as 9.3%, though later pared some of those losses.The initiative comes after Trump’s allies have repeatedly raised alarms that affordability has become a political albatross for the GOP heading into the November elections. Trump urged Republican lawmakers Tuesday to avoid losing control of the House this year, saying it would lead to his impeachment. There’s reason for the White House’s concern: Just 36% of Americans said they approved of Trump’s job performance in a Gallup poll released in December, about 2 percentage points higher than his personal low before his first term ended in January 2021. Nearly half of adults described current economic conditions as “poor.”Today's show features: Bloomberg Intelligence Senior REITs and Commercial Real Estate Analyst Jeffrey Langbaum on President Donald Trump’s move to ban institutional investors from buying single-family homes Bloomberg News Corporate and Economic Statecraft Reporter Joe Deaux on the US seizure of a Russia-flagged ship and renewed concerns about potential action toward Greenland Francisco Rodriguez, Senior Research Fellow at the Center for Economic and Policy Research at the University of Denver’s Josef Korbel School of International Studies, on the future of Venezuela’s government and the administration of its oil assets Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan on Warner Bros. Discovery’s rejection of an amended takeover offer from Paramount Skydance and Versant’s shares facing pressure after its spinoff from Comcast  See omnystudio.com/listener for privacy information.

It's been nearly three decades since Howard Capital Management developed a proprietary indicator, called the HCM-BuyLine, to help protect client assets. This tool overlays all separately managed portfolios, as well as proprietary Mutual Funds and ETFs in an effort to keep assets on the right side of the market. The HCM-BuyLine is based on a proprietary calculation of the strength of the market derived from the ratio of new highs to new lows on the New York and Nasdaq stock exchanges. The tool uses trend analysis – moving averages – to help identify the broad trend in the equity market and determine when to be in or out of the market.Vance Howard, the founder and CEO of Howard Capital Management, discusses his investing outlook in 2026, the impact of recent US military action in Venezuela, and how to respond to key market trends based on the HCM-BuyLine. Vance speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.A small fleet of ships booked by Chevron Corp. is sailing to Venezuela as the company emerges as the only exporter of the country’s oil following the ouster of President Nicolas Maduro by US forces.Chevron is poised to export more Venezuelan oil this month than last, with at least 11 ships scheduled to arrive in the Venezuelan government-controlled ports of Jose and Bajo Grande, according to preliminary data compiled by Bloomberg.All eyes are on the Houston-based company to see if it will begin shipping out more Venezuelan crude after US President Donald Trump said he wanted “total access” to the country’s vast reserves. Chevron is the only Western firm allowed to produce and export crude oil in Venezuela amid American sanctions and it operates under a license granted by the Treasury Department. It is responsible for nearly 25% of the nation’s production and oversees the crude through delivery to fuel-makers in the US Gulf and East Coast markets.Today's show features: Peter Tchir, Head of Macro Strategy at Academy Securities, on the market impact of the US military action in Venezuela and removal of Nicolas Maduro Bloomberg News Cross-Asset Reporter Denitsa Tsekova and Bloomberg News Financial Regulation Reporter Lydia Beyoud on the Bloomberg Big Take on the prediction market boom David Royal, Chief Financial & Investment Officer at Thrivent, on the 2026 investing outlook, the oil market, and the situation in Venezuela Christina Lee, Co-portfolio Manager for US Private Debt strategy at Oaktree Capital Management, on the M&A outlook and key credit market trends to watch See omnystudio.com/listener for privacy information.

Realizing President Donald Trump’s plan for a US-led revival of Venezuela’s beleaguered oil industry could be a years-long and challenging process costing upwards of $100 billion. Years of corruption, underinvestment, fires and thefts have left the nation’s crude infrastructure in tatters. Rebuilding it enough to lift Venezuela’s output back to its peak levels of the 1970s would require companies to invest about $10 billion per year over the next decade, according to Francisco Monaldi, director of Latin American energy policy at Rice University’s Baker Institute for Public Policy. That’s equivalent to more than a third of what Exxon Mobil Corp. — the largest US oil company — has budgeted this year for capital expenditures around the entire globe. Francisco discusses the many challenges ahead for both Venezuela and the US in the post-Maduro era with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Venezuela Regroups With New President, Old Repression Tactics Venezuela’s government is reasserting itself after the capture of Nicolás Maduro, swearing in Delcy Rodríguez as acting president and flashing warning signs that a new wave of repression has begun. As the government continued to churn inside the presidential palace Miraflores, Venezuela’s military counterintelligence officials have been patrolling the streets of Caracas, according to at least two witnesses. At least seven journalists and members of the press were detained on Monday morning and early afternoon, most of them at the National Assembly and its surroundings, according to the national press workers syndicate. Heavily armed security forces and pro-government motorcycle gangs known as colectivos were seen roaming the capital, at times stopping drivers and checking their phones. While they aren’t as influential as they were at the height of Maduro’s power, the State Department has said they have been responsible for killings during protests. Venezuela’s information ministry didn’t immediately respond to a request for comment. Today's show features: Rockford Weitz, Professor of Practice & Director of the Maritime Studies Program at Tufts University's Fletcher School of Law and Diplomacy, on US military action in Venezuela Mike Collins, Managing Director and Executive Portfolio Advisor for Fixed Income at PGIM, on key developments in the bond market Bloomberg Economics Geo-Economic Analyst for Latin America Jimena Zuniga on the global economic implications of the US ousting Nicolas Maduro from power Sam Stovall, Chief Investment Strategist for CFRA Research, on the investing outlook to begin 2026 See omnystudio.com/listener for privacy information.

Oil steadied on the first trading day of 2026 as expectations for a supply surplus offset geopolitical risks to production in several OPEC+ nations. Middle Eastern markets, including derivatives like the regional Dubai benchmark, faltered amid heavy selling pressure on a key trading window in Asian hours, traders familiar with the matter said. Faced with a seasonal lull in consumption, the Organization of the Petroleum Exporting Countries is leaning toward caution. Tim Moore is a Senior Research Analyst at Clear Street who leads the firm's coverage of the clean energy transition, as well as the oil and gas industry. He discusses the oil market outlook as well as some of the clean energy players that stand to make gains in the year ahead. Tim speaks with Carol Massar, Tim Stenovec and Bloomberg News Big Oil reporter Kevin Crowley on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.

President Donald Trump said the US would run Venezuela until a transition could be organized, hours after a US operation captured leader Nicolás Maduro, ousting the strongman from power after months of mounting military and economic pressure on his regime.“We’re going to run the country until such time as we can do a safe, proper and judicious transition,” Trump said Saturday at a press conference at his Mar-a-Lago estate in Florida. “So we don’t want to be involved with having somebody else get in, and we have the same situation that we had for the last long period of years.”Trump said the US administration of Venezuela would include deploying US oil companies to the country, though indicated that his embargo “on all Venezuelan oil remains in full effect” and that US forces would stay on alert. Bloomberg's Joe Mathieu and Christina Ruffini speak with:  Rep. Brad Schneider (D-Illinois) Justin Logan, director of defense and foreign policy studies at the Cato Institute. Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Politics Contributor & Lester Munson, Principal of the International Practice at BGR Group and Republican Strategist See omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. New York City Mayor Zohran Mamdani rescinded all executive orders issued by his predecessor over the last 15 months as part of a flurry of actions as the city’s new leader took office Jan. 1. The directive revoked all executive orders former mayor Eric Adams had issued since Sept. 26, 2024, the day he was indicted on federal corruption charges. Those charges were later dropped by the Justice Department under President Donald Trump. Mamdani’s action is designed to ensure “a fresh start for the incoming administration,” the mayor’s office said in a statement.  Among the orders revoked were two controversial items, including one that barred certain city officials from engaging in procurement practices “that discriminate against the State of Israel, Israeli citizens, or those associated with Israel.” It also outlined similar guidance for city pension officials to prohibit divesting from Israel-related holdings. An earlier action, adopted in June, codified a broad definition of antisemitism, which some opponents said conflated criticism of Israel’s government with prejudice against Jews. Adams maintained both orders were intended to support the city’s Jewish community, though others argued the more recent action was intended to undermine Mamdani’s term. Mamdani has been a vocal critic of Israel’s government and has supported the “Boycott, Divestment, Sanctions” movement.Today's show features: Bloomberg News New York City and State Reporter Laura Nahmias on New York City Mayor Zohran Mamdani's series of executive orders to begin his term Maribel Lopez, Founder & Enterprise AI Analyst at Lopez Research, and Carolina Milanesi, President and Principal Analyst at Creative Strategies, on what to expect at CES 2026 David Schassler, Head of Multi-Asset Solutions at VanEck Funds, on the market outlook and the importance of gold to individual portfolios Ray Wang, CEO of Constellation Research and Co-Founder of AI Forum, and Bloomberg Tech Co-Host Ed Ludlow on Tesla ceding the title of world’s top seller of electric cars to China’s BYD See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.