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Trump Denies Plan to Ax Powell, BofA’s Moynihan on Earnings | Bloomberg Businessweek Daily 7/16/2025

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On Bloomberg Businessweek Daily, Tim Stenovec and Katie Griefeld discuss President Trump’s reported threat to fire Federal Reserve Chair Jerome Powell and subsequent denial. Bloomberg’s David Westin also spoke with Bank of America CEO Brian Moynihan on the bank’s earnings. Moynihan said picking the next Fed chair is the president’s “right.” Stuart Paul, Bloomberg Economics US Economist, Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams, and Bloomberg News Mike McKee broke down the latest on Powell. Ken Leon, Director of Equity Research at CFRA discussed big bank earnings.

Chapters:
00:00:00 – Bloomberg Businessweek Daily Starts
00:02:51 – Stuart Paul on Fed Beige Book, Trump Denying Plan to Fire Chairman Powell
00:15:06 – Gina Martin Adams Outline Stocks Whipsawing as Trump Pours Cold Water on Reports of Powell’s Dismissal
00:20:59 – CFRA Director of Equity research Ken Leon on Second Batch of Big Banks Reporting Earnings
00:28:06 – David Westin Sits Down with Bank of America Chair & CEO Brian Moynihan
00:46:09 – Mike McKee on Trump Refuting Reports of Powell Firing, WH Official Expects Trump to Move Against Fed Chair Soon
00:52:44 – Alexandra Semenova Breaks Down Stocks on the Move
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Standoff Keeps Traffic in Strait of Hormuz Near Zero

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Iran has played down expectations of direct talks with the United States over ending the war as US envoys are expected to travel …

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King Charles Lands in US, Iran Meets with Russia | Bloomberg Businessweek Daily 4/27/2026

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On today’s episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss Iran’s Foreign Minister’s trip to …

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A 2% inflation target is a myth, says JPMorgan’s Bob Michele

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“I think we in the markets accept that a 2% inflation target is a myth. We haven’t been there in half a decade,” says Bob Michele, …

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Wall Street Split on Quantum Computing Bet

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Experts say quantum computing can reshape areas ranging from new drug discovery to machine learning and risk modeling in …

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Bitcoin Up More Than 10% In April, SEC Chair Outline Crypto Plans | Bloomberg Crypto 4/28/2026

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“Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. Today’s guests: Andreessen Horowitz Former General Partner Arianna Simpson, The Digital Chamber Founder and Chair Perianne Boring, eToro Co-Founder and CEO Yoni Assia, and Kalshi Head of Enforcement Robert DeNault.

Chapters:
00:00:00 – Bloomberg Crypto opens
00:01:57 – Ariana Simpson, Andreessen Horowitz Former General Partner
00:03:11 – Simpson: Seeing Broad Interest In Tokenization
00:04:32 – Simpson: See Opportunity With Crypto and AI
00:05:23 – Simpson: Not Everybody Needs Be Building Trading Infrastructure
00:07:37 – Simpson on Areas of Interest In Crypto Ecosystem
00:11:24 – Perianne Boring on SEC Chair Paul Atkins’ Crypto Plans
00:13:26 – Boring: Banks Have Inserted Themselves Into The Structure Bill
00:17:53 – eToro CEO On Acquiring Crypto Wallet Startup For $70M
00:19:10 – eToro CEO: Crypto Accounts For 25% of Volume
00:20:42 – eToro Announces 24/7 Single-Stock Trading
00:24:01 – Robert DeNault, Kalshi Head of Enforcement
00:26:19 – DeNault: Exchange Rules Act as Front Layer of Defense
00:27:56 – DeNault: Use Federal, Exchange Rules To Govern
00:29:39 – DeNault: Advancement In Tech Has Helped Significantly
00:31:35 – DeNault: Monitor ‘Mention Markets’ As Same As Others
00:35:46 – $300M Crypto Hack Raises Defi Security Concerns
00:39:53 – Crypto Pacs Amass $180 Million War Chest
——–
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