Holland, Michigan-based CraftCo. Brands has a diverse portfolio of craft spirits comprised of more than 30 spirits and liqueurs across the bourbon, gin, vodka, rye, and ready-to-drink categories. However, Bloomberg Intelligence notes that the use of weight-loss drugs stand to deepen alcohol's demand slump in the US and Europe, as moderation and wellness trends gain ground. Ali Anderson, the CEO of CraftCo., discusses the outlook for the spirits industry for 2026 and beyond, as well as changing consumer habits when it comes to consumption levels. Ali speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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11:35
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11:35
Payrolls at US Companies Fall by Most Since 2023, ADP Says
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.US companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market.Private-sector payrolls decreased by 32,000, according to ADP Research data released Wednesday. Payrolls have now fallen four times in the last six months. The median estimate in a Bloomberg survey of economists called for a 10,000 gain.Wednesday’s weak ADP report risks heightening concerns of a more rapid deterioration in the labor market ahead of the Federal Reserve’s final policy meeting of the year next week. It could hold more sway than usual as one of the few up-to-date reports officials will have by then, as the shutdown delayed the government’s November jobs report.Policymakers have been torn as to whether they’ll cut interest rates for a third straight meeting as they attempt to balance the slowdown in the job market with still-elevated inflation. Investors, however, widely expect the Fed to lower borrowing costs next week.Today's show features: Bloomberg Economics US and Canada Economist Stuart Paul on the latest ADP jobs data and near-term expectations for Federal Reserve leadership and policy, and Bloomberg News Consumer Team Leader Emily Cohn on earnings from Macy’s and Dollar Tree, as well as the health of the US consumer Scott Sanborn, Chief Executive Officer of LendingClub, and Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan, on the company’s expansion into home improvement financing and the outlook for US monetary policy Amy Rubenstein, CEO of Clear Investment Group, on the distressed real estate market See omnystudio.com/listener for privacy information.
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36:29
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36:29
Family Offices Look to Next Generation of Investors
New research from Bank of America Private Bank offers a rare look at how the world’s wealthiest families are preparing for a major generational handover, as nearly 60% expect a leadership transition within the next decade, and how next-gen leaders are reshaping investing, philanthropy, and innovation. The Bank of America Family Office Study captures over 300 family office leaders’ perspectives into how their organizations are navigating complexity and preparing for this seismic change.Elizabeth Thiessen is a Managing Director and the Head of Family Office Solutions with Bank of America Private Bank. She breaks down the figures with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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8:27
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8:27
Crypto Firm Tied to Trumps Sees Shares Sink as Lockup Ends
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.American Bitcoin Corp. stock plunged on Tuesday after restricted shares of the crypto miner co-founded by Eric Trump were freed up to be traded. The selloff was swift. Shares lost more than half of their value in less than 30 minutes as the equity lockup expired, triggering repeated trading halts. The stock pared declines later in the trading session.Shares from a private placement that took place before American Bitcoin merged with Gryphon Digital Mining Inc. became available on Tuesday, according to the crypto miner and a post on the social media platform X by Trump.“We expect near term volatility as those shares come to market and as some investors take the opportunity to realize gains,” Matt Prusak, president of American Bitcoin, said in a statement.Crypto firms have often seen large declines after the end of share lockup periods or announcing private investment in public equity filings, as their largely retail investor base takes it as a signal to sell. Retail traders often fear that those early investors will want to lock in their gains and unload shares.Today's show features: Bloomberg News Equities Reporter Monique Mulima on the crypto market and the pullback in shares of Eric Trump’s American Bitcoin Corp. Alan Zafran, Co-Founder and Managing Partner of IEQ Capital on the credit market outlook and AI bubble concerns Bloomberg News Wealth Reporter Biz Carson on Michael Dell’s $6.25 billion donation to help fund ‘Trump Accounts’ for American children Louise Phillips Forbes, Real Estate Broker for Brown Harris Stevens, on the outlook for New York City real estate under Mayor-elect Zohran Mamdani See omnystudio.com/listener for privacy information.
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32:41
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32:41
Zscaler CEO Jay Chaudhry on Battling Global Cyber Threats
Cybersecurity giant Zscaler is a pioneer and global leader in zero trust security. Many of the world’s largest businesses, critical infrastructure organizations, and government agencies rely on Zscaler to secure users, branches, applications, data & devices, and to accelerate digital transformation initiatives.The company says its "Zero Trust Exchange" platform is distributed across 160+ data centers globally, and combines with advanced AI to help combat billions of cyber threats and policy violations every day Jay Chaudhry, Zscaler's Founder, Chairman and CEO, discusses his firm's most recent earnings as well as the landscape for cybersecurity as a service. Jay speaks with Carol Massar, Tim Stenovec, and Mandeep Singh, the Global Head of Technology Research for Bloomberg Intelligence, on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.
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