Bloomberg Businessweek Senior Reporter Amanda Mull break down how Gap, the iconic ’90s retailer, was on the precipice of death for years. Then CEO Richard Dickson finally had momentum for a comeback— and then came Trump.See omnystudio.com/listener for privacy information.
--------
12:36
Powell Reiterates Desire to Hold Rates
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Federal Reserve Chair Jerome Powell had plenty of opportunities Tuesday to tell lawmakers definitively the central bank will cut interest rates soon. He didn’t take any of them.Instead, Powell reiterated his view that policymakers need not rush to adjust policy, a counter to President Donald Trump’s demands and recent statements from Fed Governors Christopher Waller and Michelle Bowman that signaled the two would be open to lowering rates as soon as July.“If it turns out that inflation pressures do remain contained, then we will get to a place where we cut rates, sooner rather than later,” Powell said in response to a question about the possibility of a rate cut next month during a House Financial Services Committee hearing. “But I wouldn’t want to point to a particular meeting. I don’t think we need to be in any rush because the economy is still strong.”Powell’s remarks before the congressional panel came on the heels of the Fed’s decision last week to leave interest rates unchanged in a range of 4.25%-4.5%. He has maintained policymakers should take a cautious approach to rate cuts as they wait for more clarity on the impacts of Trump’s economic policies, particularly on tariffs.“The effects of tariffs will depend, among other things, on their ultimate level,” Powell said. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.”Today's show features: Michael McKee, Bloomberg International Economics and Policy Correspondent and Alix Steel, Bloomberg Radio and TV host, on Powell testimony and global oil markets Bloomberg Middle East Geoeconomics Reporter Dina Esfandiary on latest in the Middle East Craig Trudell, Bloomberg Global Autos Editor & Bloomberg Businessweek Senior Reporter Max Chafkin on boom in driverless cars Katie Hubbard, EVP of Capital Markets for Walton Global See omnystudio.com/listener for privacy information.
--------
45:22
ICYMI: Tit for Tat Strikes in the Mideast
Tony Capaccio, Bloomberg Pentagon Reporter discusses how the US hit Iran, possible retaliation tactics, and next steps from the US to deter further conflict.Iran pledged to respond “proportionately and decisively” to US strikes at the weekend and Qatar suspended traffic over its airspace, amid signs American bases there could be targeted as the conflict between the Islamic Republic and Israel showed signs of boiling over.The Wall Street Journal reported that Iran was moving missile launchers for a possible attack on American forces, citing US officials. Axios reported that missiles had been launched toward US bases in Qatar. The White House didn’t immediately respond to requests for comment.See omnystudio.com/listener for privacy information.
President Donald Trump announced that Israel and Iran had agreed to a tentative ceasefire in their conflict that would begin around midnight Washington time on Monday. Trump, who made the surprise announcement on his Truth Social platform days after ordering airstrikes on Iran’s nuclear facilities, said the accord is aimed at a lasting end to the fighting. “On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called “THE 12 DAY WAR.” For instant reaction and analysis, host Doug Krizner spoke with Bloomberg Balance of Power cohost Joe Mathieu, and Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council's Middle East Program. See omnystudio.com/listener for privacy information.
--------
15:29
US and Iran Trade Blows in the Middle East
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Iran fired missiles at a US air base in Qatar after promising it would respond “proportionately and decisively” to President Donald Trump’s weekend airstrikes on three of its nuclear facilities.There were no reported casualties in the attack on Al Udeid base — the biggest such US facility in the Middle East — amid signs Iran gave advance notice of the strike plan. Qatar said the missile barrage was intercepted and the base had been evacuated in advance. Oil plunged on relief that Tehran’s limited response didn’t target energy supplies. The salvo marks another widening in the conflict that began 10 days ago when Israel attacked Iran, targeting nuclear and missile installations and military leaders. Iran has responded with several days of missile strikes on Israel, and the war threatened to escalate after the US joined the campaign with a bunker-buster bombing raid.Iran’s move “looks like a largely symbolic retaliation,” saud Ziad Daoud, Bloomberg Economics’ chief emerging-market economist. “Plenty of warning was given — Qatar shut its airspace and the US issued warnings to citizens.”Trump said the nuclear sites struck by the US were totally destroyed, and vowed to meet any Iranian retaliation with force “far greater” than those weekend strikes. He also hinted at the possibility of “regime change” in Iran, though US officials stressed that isn’t their aim. Defense Secretary Pete Hegseth said the strikes had the “limited” objective of eliminating Iran’s atomic program. Officials have said it’s too early to definitely assess damage.There was no immediate indication of how the US will respond to Monday’s Iranian missile launch. The administration was anticipating that Iran would retaliate, and doesn’t want more military engagement in the region, CNN cited a senior White House official as saying.The attack included at least six missiles fired toward Al Udeid — the regional headquarters for US Central Command, which oversees the American military in the region, and home to several thousand US service-members — according to a person familiar with the matter.Today's show features: Bloomberg News National Security Team Leader Nick Wadhams on potential Iran retaliation and security back in the US Ariel Cohen, Senior Fellow at the Atlantic Council on Geopolitical Tensions in Middle East Torsten Slok, Chief Economist and Partner at Apollo Global Management and we Drive to the Close with Megan Horneman, Verdence Capital Advisors CIO 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.
Canada - english