Bloomberg Businessweek

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

Steven Hammer was once a literary star. Now, his career is floundering, his marriage to a high-powered woman is crumbling, and the only bright spot in his life is Astrid, the Norwegian au pair who cares for their children—and reveres his neglected novels. But what begins as a secret infatuation soon spirals into a scandal that makes them both infamous. With inexorable momentum and sly, lucid prose, Teddy Wayne’s The Au Pair is a sleek literary thriller about desire, deception, and the unraveling of a man as he grapples with his fading relevance—when the lies others spin pale beside the fictions we tell ourselves

For more, Carol Massar Tim Stenovec speak with Teddy Wayne, Author of 'The Au Pair'
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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.

Comcast Corp. plans to spin off NBCUniversal and Sky, unwinding a strategy that began more than a decade ago after struggling to demonstrate that a cable and media conglomerate would benefit shareholders.

A new company, NBCUniversal, will hold the theme parks division, Universal film and television studios, the NBC and Telemundo broadcast networks, Peacock streaming service, and Bravo cable channel as well as the European media business, Sky. Comcast will hold the company’s original cable-TV, broadband and wireless businesses.

The deal, which came as a surprise to many investors, nevertheless reflects a trend as the media industry grapples with declining cable viewership.
Separating the two businesses is “the only way to unlock value,” Vikash Harlalka, an analyst at New Street Research, said. The move is a precursor for allowing Comcast to focus on mergers and acquisitions in both the cable and media sectors once the separation is complete, Harlalka said.

On this episode, Carol Massar Tim Stenovec speak with:
Chris Palmeri, Bloomberg News Senior Editor and Entertainment Team Leader
James Seyffart, Bloomberg Intelligence Senior Research Analyst on SpaceX ETF Frenzy Leads to Fund’s Trading Halt After 89% Surge / Leverage That Fueled US Stock Rally Becomes a Growing Concern
Cynthia Chen, CEO, Kikoff on state of American consumer, credit card debt and Kikoff's credit building platform
Former. Gov. Eric Holcomb (R-IN) and Co-Founder of RAISE US
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The US Supreme Court ruled that Federal Reserve Governor Lisa Cook can stay in her job for now, reinforcing the central bank’s independence from the White House and dealing a setback to President Donald Trump.
In a separate ruling, the court expanded the president’s power to fire top government officials at other federal agencies.
Voting 5-4, the high court said Cook can remain at the Fed while she fights Trump’s bid to oust her over unproven mortgage fraud allegations. Chief Justice John Roberts and Justice Brett Kavanaugh joined the three liberals in the majority.
Bloomberg's Paul Sweeney and Scarlet Fu got reaction from:
June Grasso, Bloomberg Law Host
Elliot Stein, Bloomberg Intelligence litigation analyst
Tyler Kendall, Bloomberg Washington correspondent
Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor
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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
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Margaret Nyambumo, Founder and CEO at Kahawa 1893 discusses her coffee company's mission in a special edition of Businessweek Daily from the Uncharted Summit.
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