Bloomberg Businessweek

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

Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels.

Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco’s headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that’s threatening a rebound in Gulf supply. We discuss the latest energy headlines with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence.
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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

US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November’s midterm elections. Elsewhere, Bank of America stock and fixed-income traders missed estimates, while Anthropic held a pre-IPO investor day.

On today's episode:
Bank of America CEO Brian Moynihan
Mike McKee, Bloomberg News Economics & Policy Correspondent
Mandeep Singh, Bloomberg Intelligence Global Head of Tech Research
Kelly O. Kay & Jeff Sanders, Partners at Heidrick & Struggles
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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 circular funding model is accelerating the AI boom, but also amplifying imbalances — reviving memories of the global financial crisis. For more, we speak with Shawn Donnan, Senior Economics Writer for Bloomberg News. He speaks with Businessweek Daily hosts Carol Massar and Tim Stenovec.
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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 selloff in chipmakers deepened on concerns about the sustainability of the artificial-intelligence trade, weighing on stocks as Wall Street banks kicked off the earnings season. In a renewed bout of weakness, a closely watched gauge of semiconductor powerhouses extended its plunge from a June record, while concerns linked to artificial intelligence propagate across sectors. Meantime, New York Fed President John Williams said he still sees one more interest-rate hike as appropriate this year.

On today's episode:
Herman Chan, Bloomberg Intelligence Senior US Banks Analyst
Mamadou-Abou Sarr, Founder & President at V-Square
Gautam Mukunda, Bloomberg Opinion Columnist
Natalia Emanuel, New York Fed Economist
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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

Roughly $750 billion. That’s how much Meta Platforms Inc., Amazon.com Inc., Microsoft Corp. and Google owner Alphabet Inc. are expected to devote to capital expenditures this year alone.
That’s more than the entire gross domestic product of Ireland or Belgium. More than half of what all of the companies in the S&P 500 Index spent in total last year. Enough to cut a $5,500 check for every household in the US.
Ian King, Bloomberg News US Semiconductor Reporter & Lynn Doan, Bloomberg News Managing Editor for Technology, join Businessweek Daily to break down the true cost of a single data center.
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