Bloomberg Talks

Bill Gates, founder of The Gates Foundation, shares his ambitious plan to donate $200 billion over the next 20 years, aiming to shut the foundation down by 2045. He discusses the crucial role of philanthropy in battling global health issues like malaria and polio, emphasizing the urgent need for sustained funding despite dwindling government support. Gates also dives into the intersecting challenges of clean energy initiatives and the impact of economic uncertainties on nonprofits, advocating for a collaborative approach to address global inequalities.

Andrew Bailey, the Governor of the Bank of England, shares his thoughts after a surprising quarter-point interest rate cut. He discusses the intricate relationship between economic indicators, wage trends, and inflation. The conversation dives into the complexities of international trade dynamics and how these can influence future monetary policy. Bailey also addresses the uncertainties surrounding economic forecasts and the challenges of predicting inflation amidst a shifting landscape.

Nouriel Roubini, CEO of Roubini Macro Associates and renowned for predicting the 2008 financial crisis, joins Bloomberg's Tom Keene and Paul Sweeney for a lively chat. They delve into the recent Fed decisions and why Roubini believes the U.S. economy is poised for growth. The trio discusses the impact of emerging markets on global trade, potential recession risks, and the long-term recovery powered by technological advancements. They also touch on the complex economic policy dynamics in Washington and how advisors influence decisions.

Lars Fruergaard Jorgensen, CEO of Novo Nordisk, shares insights into the competitive landscape of the pharmaceutical industry. He discusses the company's approach to high-quality products amid changing market dynamics. The rivalry in the GLP-1 market is analyzed, focusing on differentiation strategies and the impact of new FDA approvals. Jorgensen also highlights the role of partnerships, like the one with CVS, in shaping market strategies and navigating political decisions affecting U.S. manufacturing, as well as the potential of semaglutide in Alzheimer's treatment.

Dara Khosrowshahi, CEO of Uber, dives into the company's latest earnings and its bold future with driverless cars. He discusses innovative strategies like the Uber One membership to boost customer loyalty and retention. Khosrowshahi also highlights Uber's global expansion, especially in airport services, catering to travelers' needs. Additionally, he sheds light on Uber's partnership with Waymo and the promise of AI in enhancing operations, while navigating the complexities of international partnerships amidst geopolitical challenges.

Senator Chuck Schumer discusses the impact of staffing cuts at the FAA, linking them to chaos at airports like Newark. He critiques the Trump administration and asserts the need for accountability in air safety management. The conversation also delves into the contentious budget process surrounding Medicaid, unveiling Republican claims of waste and examining the potential fallout of budget cuts on healthcare services and local economies.

The chairman of the House Ways and Means Committee discusses the challenges faced by lawmakers from high-tax states regarding the state and local tax deduction cap. He warns of an unhappy compromise on the issue. The conversation also dives into balancing the budget with ambitious tax relief strategies amidst rising inflation. Key political maneuvers needed to appease various congressional factions are highlighted, alongside potential impacts on Medicaid and tax cuts for different groups.

Manny Roman, CEO of PIMCO and the world’s largest active bond manager, shares his insights on U.S. debt levels, highlighting a thought from Janet Yellen: “It’s not a problem until it becomes a problem.” He discusses the dynamics of the bond market amid government shifts and emphasizes the critical role of U.S. Treasuries and the dollar's status in global finance. Roman also explores strategies for navigating market volatility and the potential implications of rising yields and stagflation, urging investors to adapt to these economic complexities.

Jenny Johnson, President and CEO of Franklin Templeton, shares insights on the interconnectedness of tariffs, taxes, and deregulation impacting the U.S. economy. She anticipates a single interest rate cut from the Federal Reserve and describes the current economy as 'pretty strong.' Further, Jenny emphasizes the strategic importance of integrating private assets into wealth channels amidst market volatility, providing a guide for both institutional and individual investors navigating today’s financial landscape.

Arvind Krishna, IBM's Chairman and CEO, is at the forefront of AI, hybrid cloud, and quantum computing. He discusses the rapid advancements in AI, predicting a wave of one billion new applications. Krishna highlights the challenges CEOs face in transitioning from AI experimentation to achieving real business value and the importance of integrated deployment environments. He also delves into the role of technology in modernizing government contracts and improving air traffic control, while emphasizing the need for ongoing innovation in the private sector.