Bloomberg Talks

David Rubenstein shares insights from Scott Bessent's comments at the Milken Conference, highlighting investor concerns over tariffs and economic strategies. He explores how the business community toggles between optimism and caution regarding current policies. The discussion sheds light on the mixed feelings surrounding tax reforms and deregulation, as businesses navigate a changing political landscape. Expectations for successful economic strategies linger, all while uncertainty looms.

Jane Fraser, CEO of Citigroup, shares insights on the current state of consumer spending, highlighting its surprising resilience despite economic pressures. She expresses a positive view of the Mexican president's trade strategies and discusses the challenges faced by small and mid-sized businesses amid ongoing trade uncertainties. Fraser also addresses Citigroup's strategic direction and commitment to navigating global economic dynamics, suggesting a hopeful outlook for the bank's future.

Mark Attanasio, the owner of the Milwaukee Brewers and co-founder of Crescent Capital Group, shares his insights on market volatility and sports investing. He expresses optimism about a potential merger between the PGA Tour and LIV Golf, highlighting its impact on sports finances. Attanasio also discusses the shifting bond market and emerging investment opportunities, pointing out how these trends create new avenues for high-net-worth individuals in the sports arena.

In a compelling discussion, Bill Ackman, the Founder & CEO of Pershing Square Capital and newly appointed executive chair of Howard Hughes, shares his vision for transforming Howard Hughes into a diversified holding entity. He discusses strategies inspired by Berkshire Hathaway, focusing on investment and cash flow management. The conversation also dives into the impact of tariffs on American businesses and the economic outlook, filled with optimism amid uncertainties, highlighting the importance of balanced trade and growth strategies.

Marc Rowan, CEO and co-founder of Apollo Global Management, shares insights on the complexities of U.S. tariffs under the Trump Administration. He argues that tariffs can be a necessary strategy amid current economic uncertainties. Rowan delves into the potential recession's nuances, the U.S.-Mexico trade relationship, and how global trade dynamics affect U.S. capital markets. He highlights the importance of strategic investment choices in today's market, especially considering rising geopolitical risks and inflationary pressures.

In this discussion, Rich Lesser, Global Chair at BCG, shares his expertise on the stark contrast between CEO and analyst perspectives on US tariffs. They explore how global tariffs present unique challenges for CEOs, particularly in Europe and the U.S., and how geopolitical uncertainties are reshaping business strategies. The conversation also touches on the importance of adapting to the circular economy and the bureaucratic hurdles that come with it, highlighting the need for innovation amid shifting market dynamics.

Daily users of a leading gaming platform surged by 26% last quarter, signaling exciting growth. The CEO shares insights on booming ad revenue and strategies to capture market share. Challenges around safety measures and content filtering are tackled, reflecting the company's commitment to user protection. The discussion also hints at future mergers and acquisitions that could reshape its landscape. It's a deep dive into the intersection of digital gaming, innovation, and responsibility.

U.S. Energy Secretary Chris Wright, a key figure in shaping energy strategies, dives into the nexus of energy production and artificial intelligence. He argues that natural gas, nuclear, and coal will power the AI arms race. Wright reflects on the accountability of energy loans under previous administrations and emphasizes the importance of revitalizing U.S. energy production. He underscores the need to reduce regulatory hurdles to support energy storage technology and fostering growth in the AI sector.

Mike Wirth, CEO of Chevron, shares insights on the company's recent quarter that showcased a 6% earnings increase and robust shareholder returns. He delves into the complexities of oil price volatility and the strategies needed for long-term investment in deep water projects. Wirth also discusses the upcoming arbitration related to the Hess acquisition, expressing confidence in its outcome. Additionally, he highlights the Tangiz oil field's production capabilities and Chevron's strong financial position amidst fluctuating market conditions.

Stephan Miran, Chairman of the Council of Economic Advisers, shares insights on the latest jobs report and the economic implications following recent policies. He discusses the complexities of U.S.-China trade negotiations and the market's desire for substantial progress. Miran also explains the significance of Japan's treasury holdings and the administration's strategies for growth, including tax relief and deregulation. The conversation wraps with a lighthearted jab at tax breaks, adding a touch of humor to the serious topics.