Bloomberg Businessweek

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

The unveiling of the $640,000 Ferrari Luce drew largely negative reactions from industry analysts and social media influencers alike, who compared the four-door, five seater’s design to mass-market EVs. For the Luce, Ferrari moved away from the style associated with design chief Flavio Manzoni and tapped Apple Inc.’s former head of design, Jony Ive, to shape the vehicle.

For more, Tim Stenovec and Alex Semenova speak with Hannah Elliott, Bloomberg Pursuits Staff Writer and Car Critic AND Co-Host of the 'Hot Pursuit' Podcast
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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 K-shaped economy has frozen homeowners in place, as middle-income buyers can afford only 21% of homes on the market (down from 50% pre-pandemic). Homeowners are sitting on historic 3% to 4% mortgages that they absolutely refuse to surrender. Because inventory is virtually nonexistent, moving simply isn't an option for most. Since they can't move, we see them choosing to reinvest in their current homes instead. They can't buy up. They can't move. So they're renovating.
On this episode, Alex Semenova and Tim speak with:
Mike Petrakis, Founder and CEO of PowerPay AND Philip Brenckle, West Shore Home CFO on The K-shaped economy has frozen homeowners in place
Madison Muller, Bloomberg News US Health Care Reporter On Lilly to Buy Three Vaccine Developers for Up to $3.8 Billion AND Ebola Vaccine From Oxford Covid Team Nears Production for Trials
Peter Atwater, President, Financial Insyghts on his latest: how we went from a K-Shaped Recovery to a full-blown K-Shaped American Experience
Dr. Michael Swanson, Chief Agriculture Economist, Wells Fargo Agri-Food Institute on agriculture prices, prices in the grocery aisle
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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.

BBQ sauce has long been an American staple, but what people reach for is changing. Today's cooks want heat with depth, texture with a story, and flavor that takes them somewhere beyond the backyard grill. Asian inspired flavor profiles are leading that evolution. Mr. Bing, the chef-approved Pan-Asian street sauce brand, wants to help bring bold, globally inspired flavor to everyday meals and modern menus.

For more, Tim Stenovec and Carol Massar speak with Brian Goldberg, the Founder and Chief Growth Office of Mr. Bing Foods.
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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.

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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.

During the pandemic and the subsequent "Great Resignation," corporate leaders adopted an empathetic, employee-friendly persona, offering flexible remote-work policies, wellness perks, and mental health support to attract scarce talent. However, as economic pressures like inflation and high interest rates mounted, the labor market cooled, shifting leverage firmly back into the hands of employers. In response, CEOs quickly abandoned their "warm and fuzzy" approach to prioritize profit margins and shareholder demands.

This shift has ushered in a ruthless return to aggressive workforce management and cost-cutting. To extract maximum productivity, executives are enforcing strict return-to-office mandates, rolling back employee perks, and utilizing performance reviews to quietly downsize staff. With fewer job openings available, workers are being forced to accept heavier workloads and tighter corporate surveillance, signaling a definitive end to the brief era of employee empowerment.

On this episode, Carol and Tim speak with:
Matthew Boyle, Bloomberg News Senior Reporter, Work and Management on CEOs Drop Warm and Fuzzy in 'Ruthless' Push to Squeeze Workers
Nakul Duggal, Head of Qualcomm's Automotive, Robotics and IoT Businesses on Qualcomm and Stellantis announced a partnership to enable automated driving on millions of Stellantis vehicles using Qualcomm Technologies’ Snapdragon Ride Pilot system 
Stew Leonard Jr., Stew Leonard's President & CEO on Memorial Day grilling/grocery costs
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