Bloomberg Businessweek

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 @BW
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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 massive monthslong rally in US stocks has taken a painful turn as traders rushed to get rid of mega-cap technology stocks and snap up more defensive names, while the latest employment data boosted expectations for an interest-rate hike this year. Broadcom shares plunged by the most in more than 16 months after the company’s forecast for sales of its artificial intelligence chips disappointed investors.
The concerted selloff in stocks, bonds and crypto was the biggest setback in months for the latest leg of the bull market, which traces to the end of March when negotiations began in earnest to end war in Iran. Concern has grown recently about the sustainability of an AI-fueled rally that had pushed the Philadelphia Semiconductor Index toward its best quarter ever and made trillion-dollar behemoths out of chipmakers Micron and Samsung.
On this episode, Carol and Tim speak with:
- Bailey Lipschultz, Bloomberg News Markets Reporter- Tom Giles, Senior Executive Editor, Global Technology- Natalia Kniazhevich, Bloomberg News Equities Reporter & John Flood, Goldman Sachs partner and head of Americas equities execution services- Dan Arnold, SVP of National Operations at Protos Security & Vanessa Perdomo-Maglione, Bloomberg 'Business of Sports' Podcast Host
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US job growth topped all forecasts in May and the unemployment rate held steady, offering the clearest sign yet that the labor market may be breaking out of a prolonged period of lackluster hiring.
Nonfarm payrolls increased 172,000 last month after upward revisions to the prior two months, according to Bureau of Labor Statistics data out Friday. That marked the strongest three-month advance in more than two years.
The unemployment rate was unchanged at 4.3%, and average hourly earnings rose 0.3%.
Bloomberg's Tom Keene and Paul Sweeney break down the numbers with:
Claudia Sahm, Chief Economist at New Century Advisors
Kevin Gordon, Head of Macro Research and Strategy for the Schwab Center for Financial Research at Charles Schwab
Kristina Campmany, Senior Portfolio Manager at Invesco
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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.
Carol and Tim broadcast live from the Bloomberg Tech summit in San Francisco for a series of special conversations with executives and leaders in the tech world.
This episode features:
- Ed Ludlow, Bloomberg Tech Co-Host
- Ann Crady Weiss, CEO of Hatch
- Yoshua Bengio, Professor, Université de Montréal
- Hit-Boy, Grammy-Winning Artist & Producer
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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.
Carol and Tim broadcast live from the Bloomberg Tech summit in San Francisco for a series of special conversations with executives and leaders in the tech world.
This episode features:
- Brad Stone, Bloomberg Businessweek Editor on the summit and some of the issues impacting the tech space
- Sameer Samat, President of Android Ecosystem on Android's outlook and hardware diversity
- Raffi Krikorian, Chief Technology Officer at Mozilla
- Katie Haun, CEO, Haun Ventures
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