Trump’s Warner Bros. Meddling Pushes Limits of Executive Power
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Hollywood has a rich history of personal vendettas, political discord and uncertain loyalties shaping the industry. It just usually doesn’t involve the US president.Donald Trump’s declaration that he will involve himself in the proposed sale of Warner Bros. Discovery Inc. has thrust an already tumultuous battle between Netflix Inc. and Paramount Skydance Corp. over some of the crown jewels of Tinseltown into uncharted waters.The decision to inject himself is particularly extraordinary given Trump’s own conflicts and interests, according to legal experts.Trump has already signaled one personal precondition for a sale: new ownership of longtime bogeyman CNN, in a bid to exert more favorable coverage from the cable network. But the connections don’t stop there for a president who considers himself the dealmaker-in-chief. Trump’s son-in-law and former aide, Jared Kushner, has helped arrange financing for Paramount chief David Ellison, whose father, Larry Ellison, is a longtime donor and supporter.The president has received entreaties from both sides. Netflix co-Chief Executive Officer Ted Sarandos has mounted a charm offensive of his own, meeting repeatedly with Trump and even chatting about how the first family were “big fans” of the streamer. The tech giant has spent recent months expanding its lobbying operation in Washington, seeking to boost its influence across a city now controlled by Trump and his allies.Today's show features: Bloomberg News Media Reporter Hannah Miller on Disney’s $1 billion investment in OpenAI and the political battle brewing over a potential Warner Bros. Discovery merger Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments on the market and economic outlook heading into 2026 Cathy Seifert, Senior Vice President and Equity Analyst at CFRA Research, and Bloomberg News Investing Team Co-Team Leader Katherine “Kat” Chiglinsky, on expectations for Berkshire Hathaway as Warren Buffett prepares to step down Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, breaks down Broadcom’s earnings report and outlook See omnystudio.com/listener for privacy information.
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Lifeway Foods Expands Reach With Walmart Pact
Lifeway Foods is America's leading supplier of the probiotic, fermented beverage known as kefir. In addition to its line of drinkable kefir, the company also produces a variety of cheeses as well as a line of products for kids. Lifeway's fermented dairy products are sold across the United States, Mexico, Ireland, South Africa, United Arab Emirates, and France. Julie Smolyansky, the publicly-traded firm's CEO, discusses her company’s most recent earnings report and recent announcement that is its cheese products will expand into 2,000 Walmart stores across the US. Julie speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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Fed Cuts Rates With Three Dissents, Projects One Cut in 2026
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Federal Reserve officials delivered a third consecutive interest-rate reduction and maintained their outlook for just one cut in 2026.The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate by a quarter point to a range of 3.5%-3.75%. It also subtly altered the wording of its statement suggesting greater uncertainty about when it might cut rates again.Speaking to reporters after the meeting, Chair Jerome Powell suggested the Fed had now done enough to bolster against the threat to employment while leaving rates high enough to continue weighing on price pressures.When asked if it were a foregone conclusion that the Fed’s next move would be a cut, Powell demurred, but added that he didn’t see a rate hike as any official’s base case.Today's show features: Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey on the bond market’s reaction to Wednesday’s Federal Reserve rate call Steve Moore, Co-Founder of Unleash Prosperity and a former Trump Economic Advisor, and Bloomberg Economics US and Canada Economist Stuart Paul, on the search for the next Chairman of the Federal Reserve Bloomberg Intelligence Senior Technology Analyst Anurag Rana breaks down quarterly earnings from Oracle and Adobe Zach Wasserman, Chief Financial Officer at Huntington National Bank, on the financial sector outlook following the Federal Reserve's latest rate decision See omnystudio.com/listener for privacy information.
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Instant Reaction: Jay Powell on the Fed Decision
Bloomberg's Tom Keene and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve officials delivered a third consecutive interest-rate reduction and maintained their outlook for just one cut in 2026. The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate by a quarter point to a range of 3.5%-3.75%. It also subtly altered the wording of its statement suggesting greater uncertainty about when it might cut rates again. Speaking to reporters after the meeting, Chair Jerome Powell suggested the Fed had now done enough to bolster against the threat to employment while leaving rates high enough to continue weighing on price pressures: “This further normalization of our policy stance should help stabilize the labor market while allowing inflation to resume its downward trend toward 2% once the effects of tariffs have passed through,” he said.See omnystudio.com/listener for privacy information.
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Instant Reaction: The Fed Decides
Bloomberg's Tom Keene and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.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.