Bloomberg Businessweek

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

Donald Trump's family has won preliminary approval to start a national bank, riding a wave of deregulation under the Trump administration. The Office of the Comptroller of the Currency has approved 22 bank charter applications in the first 19 months of the president's second term, with many going to fintech and digital-asset firms. The Trump family's proposed bank, World Liberty Financial, plans to expand the use of its dollar-backed stablecoin, USD1, and store the assets backing it in the bank, potentially cutting costs and adding legitimacy to the stablecoin.

For more, Norah Mulinda and Tim Stenovec speak with Paige Smith, Bloomberg News Finance Reporter
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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.

Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of an “economic D-Day” campaign. Bessent said countries will face a specific timeline to shut down links with Iran or face unilateral US punishment, and the US is launching an economic onslaught against Iran’s financial connections around the globe. The US unveiled sanctions against more than 60 entities, focusing on five of Iran’s “most vital lifelines,” including digital assets, technology, gold, aviation and shipping.

On this episode, Norah Mulinda and Tim Stenovec speak with:
A roundtable of Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist / Mike McKee, Bloomberg TV & Radio International Economics & Policy Correspondent / Nancy Cook, Bloomberg News Senior National Political Correspondent
Melissa Shin, Bloomberg News Toronto Bureau Chief On US-Canada tariffs
Chris Levesque, CEO, TerraPower AND Will Wade, Bloomberg News Energy Reporter on Gates-Backed TerraPower to Announce Second Nuclear Plant This Year
Lisa K. Lippman, Real Estate Agent, Brown Harris Stevens on fall residential estate outlook, regional trends and demand
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Newly-released documents offer a glimpse into the months-long effort to put a sitting president’s signature on US currency for the first time and the resulting tension inside the Bureau of Engraving and Printing. Bloomberg News Senior Investigative Reporter & FOIA Files newsletter author Jason Leopold explains what's revealed in the latest addition of his FOIA Files Newsletter.
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Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
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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
After a turbulent stretch for the US bond market, traders are heading into the weekend with questions about what Treasury Secretary Scott Bessent’s next move will be. Treasuries slipped Friday, led by the short end, after data showed business activity grew at its fastest pace in more than four years, backing the case for interest-rate hikes. Bloomberg Intelligence's Ira Jersey and Alpine Saxon Woods' Sarah Hunt break down the weeks' moves, and the impact of Bessent's intervention.
On today's episode:
Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist & Sarah Hunt Alpine Saxon Woods Chief Market Strategist
Ava Benny-Morrison, Bloomberg News Senior Legal Reporter
Ilena Peng, Bloomberg News Agriculture Report & Vance Howard, Howard Capital Management CEO & Portfolio Manager
Lisa Jarvis, Bloomberg Opinion Columnist
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