Bloomberg Talks

Bill Dudley discusses the overstated disagreements within the Federal Reserve, shedding light on the influence of political pressures. He delves into the importance of quality data for effective monetary policy, especially in the face of economic uncertainty. Concerns about stagflation are examined, highlighting the job market's dynamics and healthcare's role. The potential impacts of tariffs on business investment and consumer spending are also explored, emphasizing the gradual shifts in the economic landscape.

Lynn Martin, the NYSE President, joins Bloomberg's Lisa Abramowicz and Annmarie Hordern to discuss the exciting resurgence in IPO activity expected in late 2025. Martin highlights Figma's stunning 250% debut as a symbol of market optimism. The conversation delves into the rise of tech-led companies and the amplifying role of private equity, driven by pent-up demand and regulatory shifts. They also explore Texas's thriving business landscape, emphasizing its competitive edge over New York as companies consider relocating for better governance.

David Baszucki, CEO of Roblox, shares insights into the platform’s explosive growth, boasting over 111 million daily active users. He discusses the importance of engaging content, including viral experiences, in driving user engagement. Baszucki highlights unique revenue opportunities for developers through innovative revenue-sharing models and brand partnerships. He also emphasizes Roblox's commitment to user safety and adapting to evolving regulations, showcasing the platform's strategic vision for future expansion.

Beth Hammack, President and CEO of the Federal Reserve Bank of Cleveland and former Goldman Sachs veteran, shares her insights on the latest U.S. jobs report. She expresses confidence in the Fed's decision to keep interest rates steady, despite a decline in job creation. The discussion highlights the delicate balance between sustaining employment and inflation management. Hammack also navigates the challenges posed by political pressures on the Fed's credibility, emphasizing a data-driven approach to future economic policies.

Lori Chavez-DeRemer, the US Labor Secretary, dives into the July jobs report revealing only 73,000 new jobs added—far from optimistic. She discusses the potential impacts of trade policies on employment and advocates for lower interest rates to boost business investments. The conversation shifts to the manufacturing sector, addressing recent job losses and the government's strategies to revive it through innovative trade deals and workforce training initiatives. Chavez-DeRemer emphasizes how deregulation could foster consumer confidence and job creation.

Jamieson Greer, the U.S. Trade Representative, dives into the complexities of trade negotiations as the August deadline approaches. He reveals that talks with Switzerland stumbled, particularly over pharmaceutical agreements. Greer emphasizes the rising tariff rates and the pressing need to address the growing trade deficit. He also discusses the broader implications for U.S. manufacturers, highlighting the challenges posed by tariffs in the auto industry and advocating for a trade policy that balances efficiency and fairness.

Michael Arougheti, CEO of Ares Management, shares his insights on second-quarter earnings and the increasing demand for M&A fueled by US deregulation. He emphasizes the importance of liquidity in private markets and predicts an optimistic future for corporate transactions. Arougheti discusses the evolving 401(k) landscape, highlighting potential changes that could enhance access to private investments for individuals. With a focus on innovation and market adaptability, this conversation captures a dynamic view of the investment landscape.

Gene Munster, Managing Partner at Deepwater Asset Management, shares his keen insights on the recent earnings from the Mag 7 tech giants. He discusses Apple's impressive revenue growth despite a tepid stock response and delves into the challenges it faces in the AI race. The conversation shifts to Amazon, analyzing its mixed earnings results and the critical impact of operating income. Munster highlights the massive capital investments tech firms are making, particularly Amazon's, and their implications for future market dynamics and opportunities.

Cristiano Amon, CEO of Qualcomm and a leader in tech innovations, dives into the challenges faced in the smartphone market. He emphasizes Qualcomm's strategic pivot toward diversification, spotlighting growth in IoT and automotive sectors. Amon discusses the company’s ambitious goals for non-handset revenue by 2029 and highlights advancements in AI and computing. With Qualcomm's focus on digital cockpits and smart glasses, Amon showcases how innovation drives new opportunities despite industry competition.

Dylan Field, the CEO of Figma, a pioneering collaborative design software company, shares insights into their recent IPO at a whopping $20 billion valuation. He emphasizes the transformative power of design in tech and how it is now a competitive edge. Field dives into Figma's innovative use of generative AI to enhance the design process and discusses their commitment to long-term growth over immediate profits. He also hints at future mergers and acquisitions, underscoring the importance of cultural alignment in expanding Figma's capabilities.