Bloomberg Businessweek

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by 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.

President Donald Trump said Iran agreed to suspend its nuclear program indefinitely, and will not receive any frozen funds from the US.Trump said in a phone interview on Friday that a deal to end the war, which the US and Israel began with Iran in late February, is mostly complete. Talks over a lasting agreement will “probably” be held this weekend, the president said.

“Most of the main points are finalized. It’ll go pretty quickly,” Trump said.Iran has yet to comment on any deal beyond the Strait of Hormuz opening, nor on claims made by Trump on Thursday that Tehran had offered concessions — including over the key issue of its nuclear program.
Oil, fuel and natural gas prices plunged on hopes that the latest developments would mean more energy supplies can finally transit safely through the strait.

Brent crude fell more than 10% to trade below $89 a barrel by 12:41 p.m. in New York and wiped out most of its gains since the onset of the war. Diesel prices in Europe and the US led the move lower in the energy complex.

Trump said he hasn’t decided who would lead a US delegation for talks with Iranian officials to sign an agreement. Asked if he would travel to Pakistan, which hosted the last round of negotiations, the president said, “I may.”

JD Vance led discussions with Iranian officials last weekend, and Trump said the vice president, his son-in-law Jared Kushner, and envoy Steve Witkoff were candidates to attend additional talks.

Today's show features:
Spencer Faragasso, Institute for Science and International Security Senior Fellow
on Trump Says Iran Agrees to Suspend Nuclear Program
Felix Gillette, Bloomberg News Media and Entertainment Editor on continued Netflix earnings reaction, Reed Hastings departure
David Busch, Trajan Wealth CEO & CIO on the macro shift and oil shock
Nick Wadhams, Bloomberg News National Security Team Leader on Trump’s $1.5 Trillion Pentagon Budget Raises Some GOP Eyebrows
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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.
Carol and Tim speak with Dr. Bea Bakshi, co-founder and CEO of C the Signs, an early cancer detection platform that uses AI as part of our weekly women's health segment.
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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Charles Schwab is likely to launch prediction markets linked to financial events as competitors including Robinhood Markets Inc. expand their presence in the space.Schwab is “taking a hard look” at prediction markets, Chief Executive Officer Rick Wurster said on a conference call Thursday, but would stay away from allowing customers to place wagers on sports or pop culture given the firm’s focus on building clients’ long-term wealth.
“Prediction markets that are not aligned to that are not something we want to pursue,” Wurster said on the call with analysts to discuss first-quarter results.
Retail investors can already access prediction markets via a number of platforms, including Robinhood, Kalshi, Polymarket and Interactive Brokers Group. The majority of event-based wagering centers around sports, which Wurster said Schwab won’t offer.
This episode features:
Schwab CEO Rick Wurster on earnings, prediction markets, financial sector health
Verena Ross, European Securities and Market Authorities Chair
Margi Murphy, Bloomberg News Cyber Reporter on Anthropic's race to assess the dangers of its new AI-model Mythos
Eric Clark, Accuvest Global Advisors CIO and LOGO ETF Portfolio Manager
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There are many different narratives around travel uncertainty and issues, stretching from TSA staffing to storms to the war in Iran and its impact on the airline industry. Many of them are false or at least as it relates to business travel. Navan's agentic-AI tools, which ease the customer experience and can deliver up to 15% median savings on travel budgets, should continue to disrupt legacy providers in the corporate-booking space -- as evidenced by the company turning free-cash-flow positive on the back of 4Q's 42% gross bookings volume growth. Management noted no current impact on the business from the geopolitical environment or TSA disruptions.

Ariel Cohen is CEO at Navan. He discusses the data into the health of the corporate traveler.
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