Bloomberg Businessweek

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

Elon Musk has vowed to distribute a share of SpaceX to each child in the US, a multibillion-dollar pledge that adds to a string of sizable donations from the tech industry for the benefit of the American public. While Musk didn’t specify how he intends to make such a donation, he has agreed in principle to distribute the stock through the Trump Accounts initiative, according to a person familiar with the matter.

For a closer look, we speak with Bill Allison, Bloomberg News Campaign 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

A rebound in chipmakers buoyed the stock market Monday as dip buyers emerged on bets the artificial-intelligence investment boom will continue to support solid earnings. The advance in tech stocks lost steam last week as investors questioned the sustainability of AI spending, given the outlook for higher rates. This week’s earnings from Meta Platforms will provide a fresh proving ground for confidence in the AI trade, while SpaceX, Tesla, and Meta are also due to report. The industry is still set to account for nearly 70% of global earnings growth next year, according to Citigroup.

On today's episode:

Mandeep Singh, Bloomberg Intelligence Global Head of Technology
Dan Ives, Partner at Yorkville Ives & Co.
Perplexity CEO Aravind Srinivas & Ed Ludlow, Host of Bloomberg Tech
Sophie Alexander, Bloomberg New Wealth Reporter & Alex Rajbhandari, Bloomberg News US Insurance 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

Katie Zacharia will no longer serve as President Donald Trump’s press secretary after spending less than a week on the job, thrusting the White House’s communications operation back into a state of chaos. Trump has previously cited Republicans' messaging as a pain point in recent remarks. Elsewhere, the Texas Senate race has turned into one of the most expensive in history. Elon Musk gave $158 million to the GOP’s main super PAC backing Senate candidates in September, according to the latest filings from the Federal Election Commission. Meantime, AI has emerged as a volatile issue in the midterm elections that will decide control of both houses of Congress, while Americans still grapple with affordability as conflict in the Middle East continues to weigh on energy prices.

Henrietta Treyz, Director of Economic Policy as Veda Partners, examines the path to the November 3rd midterm election.
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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
Another burst of selling in technology companies rattled Wall Street on Friday, dragging down stocks as investors questioned the outlook for the artificial-intelligence trade. A rout in chipmakers extended into an eighth straight day on worries over whether the buildout of AI infrastructure has outrun the ability of firms to get a return on their investments. Meantime, Fed Chairman Kevin Warsh described AI as potentially the most consequential change to the US and global economy in his lifetime.
On today's episode:
- Mike McKee, Bloomberg News International Economics & Policy Correspondent
- Max Chafkin, Bloomberg Businessweek Senior Reporter
- Patrick McGee, Author of 'Apple in China: The Capture of the World's Greatest Company'
- Jason Leopold, Bloomberg News Senior Investigative Reporter
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