Bloomberg Talks

Javier Milei, the President of Argentina and a staunch libertarian, discusses ambitious plans to reshape his country's economic landscape. He considers exiting Mercosur for a potential trade deal with the U.S. and aims to strengthen trade relations with China. Milei outlines strategies for lifting financial controls and engaging with capital markets to boost Argentina’s economy. The conversation touches on vital reforms focused on deregulation, tackling poverty, and integrating Argentina more fully into the global marketplace.

Marc Benioff, CEO of Salesforce, shares his expertise on AI and business technology with Bloomberg's Brad Stone. He discusses the evolution of AI and its transformative impact on customer support via Salesforce's AgentForce platform, which minimizes human intervention. Benioff highlights how AI boosts productivity and decision-making in business operations. He also touches on AI's potential in healthcare, addressing innovations in cancer treatment and the importance of social responsibility amid rising energy demands for AI technology.

Daniel Pinto, the President of JPMorgan Chase and a veteran in global finance, dives into the current economic landscape. He shares insights on how US inflation is undermining economic optimism and discusses the competitive pressures posed by the burgeoning private credit market. Pinto highlights the resilience of consumers amidst geopolitical risks and the evolving banking landscape, emphasizing strategic collaborations to enhance competitive edges. He also raises concerns about the rapid growth of private credit and its implications for small businesses and market stability.

Paul Ryan, the former US House Speaker renowned for his expertise in budget and fiscal policy, discusses crucial topics with Jonathan Ferro and Lisa Abramowicz at Davos. He delves into the evolving trade policies of the Republican Party under Trump, balancing free-market ideals and mercantilism. Ryan emphasizes the need for economic growth to tackle the national deficit and advocates for bipartisan entitlement reform. He also warns about the financial sustainability of Medicare and Social Security while calling for tax cuts to support small businesses and promote fiscal unity.

John Kerry, former U.S. Secretary of State and co-executive chair of Galvanize Climate Solutions, dives into the global energy crisis at the World Economic Forum. He discusses the urgent need for a clean energy transition while balancing national security. Kerry emphasizes the market dynamics and the critical investments in renewable technologies. He also highlights the political hurdles and stresses the importance of bipartisan support for effective energy reform. His insights shed light on the intersection of climate initiatives and economic stability.

Bill Winters, CEO of Standard Chartered, shares insights into the bank's growth strategies and the impact of U.S.-China relations on global economics. He discusses the concerns about market volatility and how it affects share prices, emphasizing the importance of strong leadership during uncertain times. Winters also highlights the 'Fit for Growth' strategy and its role in boosting productivity, while addressing the delicate balance of international negotiations and the evolving landscape of financial services for affluent clients.

UK Chancellor Rachel Reeves brings her expertise in economic policy, while Business and Trade Secretary Jonathan Reynolds shares insights on fiscal strategies. They dive into the impact of Brexit on global trade and new opportunities with the Gulf and India. The guests discuss strategies for revitalizing the UK economy through regulatory reforms and infrastructure initiatives. They emphasize the need for fiscal stability amidst market fluctuations and outline plans for NHS reform, labor participation, and technological advancements in healthcare.

Brian Moynihan, CEO of Bank of America, shares insights from Davos and reflects on 15 years of the bank's evolution. He highlights a renewed enthusiasm for U.S. transactions amid shifting investment dynamics. Moynihan delves into the challenges small and medium businesses face due to regulatory pressures and labor shortages. He also discusses the importance of strategic succession planning for future leaders and how AI is reshaping workforce management in the banking sector.

Sara Friar, CFO of OpenAI, sheds light on the intense competition in AI, particularly from China and figures like Elon Musk. She discusses the evolution of AI, emphasizing reasoning models that could transform various industries. Friar also delves into OpenAI's transition to a for-profit model while maintaining its mission, highlighting the financial challenges and the importance of public-private partnerships. Additionally, she shares her insights on empowering women in tech and the significance of diverse leadership in fostering innovation.

Gary Cohn, Vice Chairman at IBM and former National Economic Council director under Trump, shares his insights on the US economy. He discusses the political hurdles in implementing tax cuts and the corporate optimism surrounding Trump's policies. Cohn offers a historical lens on the yield curve, explaining its significance for today's economic indicators. The conversation also touches on the pressing issues of national debt and the importance of fiscal responsibility, especially regarding Social Security amid ongoing market uncertainties.