Latest news with #DavidWestin
Bloomberg
3 days ago
- Business
- Bloomberg
Can Markets Bring Home Prices Down and Take Care of Our Children?
By Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I'm David Westin, and this week BlackRock's Rick Rieder explained why markets are so happy despite the tariff disruption, and we looked at what private equity investment could mean for the crisis in child care. If you're not yet a subscriber, sign up here for this newsletter. President Trump came to office promising sweeping economic changes that brought predictions of trouble ahead. Six months in, tariffs are up, the 'One Big Beautiful Bill' looks to add to an already-troubling national debt, but the predicted troubles are yet to show up in the markets or the economy.
Bloomberg
19-07-2025
- Business
- Bloomberg
Side Effects of the Big Beautiful Bill, Tariffs
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I'm David Westin, and this week our special contributor, Larry Summers of Harvard, goes over the 'One Big Beautiful Bill,' and we take a look inside what President Donald Trump's threatened tariffs could mean for the US wine industry. If you're not yet a subscriber, sign up here for this newsletter. President Donald Trump claims his "One Big Beautiful Bill" is just what the US economy needs, and our special contributor, Larry Summers, agrees that "it's a big legislative accomplishment." But Summers says, "I don't think it's going to take the country in the right direction." He warns that "it's going to grow our budget deficits in the future very substantially," potentially leading to a "dynamic of higher deficits, larger interest rates, slower growth or worse deficits and around and around."
Yahoo
16-07-2025
- Business
- Yahoo
BofA's Moynihan on US Consumers, Fed Policy and AI
Bank of America Chair and CEO Brian Moynihan discusses the state of the US consumer, Federal Reserve monetary policy and the bank's second-quarter earnings. Speaking with David Westin on Bloomberg Television, Moynihan also discusses the bank's utilization of artificial intelligence. Bank of America's traders posted a record second quarter as revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion in the three months through June. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
12-07-2025
- Business
- Bloomberg
The ‘Broken Things' Makary Has Found at the FDA
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I'm David Westin, and this week we talked with FDA Commissioner Marty Makary about the fundamental changes he's making, and with corn farmers in Iowa about the export markets they need to make their business work. If you're not yet a subscriber, sign up here for this newsletter. Marty Makary has been the commissioner of the FDA for more than 100 days, much of which he has spent doing what he calls a 'listening tour ' in six cities and asking FDA staff what they've always wanted to do at the agency.
Bloomberg
10-07-2025
- Business
- Bloomberg
FDA to Share Rejection Letters Drugmakers Often Keep Secret
The head of the US Food and Drug Administration said the agency will start publishing the rejection letters that companies until now have mostly kept hidden from investors and the public. 'We had a long set of meetings with our lawyers to determine that we can do this,' FDA Commissioner Marty Makary said in an interview with Bloomberg Television's Wall Street Week with David Westin.
