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 LDS church, widely known as the Mormon Church, has assembled a sprawling real estate empire over the last century. Through a web of subsidiaries, it has accumulated billions of dollars of properties from farms and ranches to apartments and hotels, becoming one of America’s largest — and least transparent — landowners. Behind those holdings is a highly sophisticated investment operation more akin to a sovereign wealth fund than a religious institution, according to brokers and investors who have worked with the church. Natalie Wong, Bloomberg News Commercial Real Estate Reporter discusses her reporting.
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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

NOTE: The live program this podcast was created with originally aired prior to Nvidia's earnings call, in which CFO Colette Kress said she expects the company to "grow revenue by approximately 70% in fiscal 2028." This sent shares higher in afterhours trading. You can read the full story here.
Nvidia delivered a sales forecast that left some investors underwhelmed, adding to concerns about the momentum of AI spending. Revenue in the current period will be $108 billion, plus or minus 2%, the company said in a statement Wednesday. Though analysts had estimated $105.2 billion on average, some projections exceeded $110 billion, according to data compiled by Bloomberg. Gross margin, the percentage of sales remaining after deducting the cost of production, will be roughly 74%.

Today's podcast includes:
Kunjan Sobjani, Bloomberg Intelligence Senior Semiconductor Analyst and Ed Ludlow, Bloomberg Tech Host
Tim Archer, CEO of Lam Research with Ed Ludlow
Alexandra Levine, Bloomberg News Tech Reporter AND Stacey Steinberg, Professor at the University of Florida Levin College of Law on Meta
Jennie Welch, Bloomberg Economics Chief Geoeconomics Analyst
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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.

Private aviation is no longer a niche luxury, it's becoming a major business story. Global private jet activity reached a record 3.9 million flights in 2025, up 34% from pre-pandemic levels, while airports are making major investments to capitalize on growing demand for premium travel experiences. The trend is playing out across the country. As President of VistaJet US, Leona Qi has a unique perspective on these shifts. Vista flies many of the executives, entrepreneurs and investors making expansion and investment decisions around the world, giving the company an early view into where business activity and capital are moving before those trends appear in traditional economic data.

For more, Tim Stenovec and guest host Norah Mulinda spoke with Leona Qi, President of VistaJet.
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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
Stanley Druckenmiller suggested that US Treasury Secretary Scott Bessent is making a mistake by trying to push down yields in the bond market. Bessent has recently pledged to increase the Treasury’s purchases of long-dated bonds, a move widely seen as an attempt to push down yields in the world’s most important debt market. Druckenmiller, who worked alongside Bessent and George Soros and remains one of the most influential voices on Wall Street, wrote in an opinion column “governments defending prices against fundamentals always lose,”
On today's episode:
Erik Schatzker, Bloomberg News Economy Editorial Director
Axel Merk, Merk Investments President and CIO
Laura Ullrich, Indeed Hiring Lab Director of Economic Research
Bob Mumgaard, Commonwealth Fusion Systems CEO
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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.

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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