Nvidia’s Huang Wins China Reprieve in Rare Trade War Reversal
Watch Bloomberg Businessweek Daily every day on YouTube: http://bit.ly/3vTiACF.Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.Then, very suddenly, that all changed.Late on Monday, the chipmaker said it received assurances that the US government would allow it to export some chips to the Asian nation. Advanced Micro Devices Inc., Nvidia’s chief rival, quickly followed with a similar announcement. These export license approvals could generate billions of dollars in total revenue for the companies this year — and they mark a dramatic reversal after the Trump administration said the issue wasn’t even up for debate.Huang has taken almost every opportunity available to him — from the stage of tech events to Washington visits — to argue that a crackdown on China is counterproductive. During his appearances, he navigated a fine line between praising Trump policies aimed at bringing back chip manufacturing to the US and demanding more freedom to do business in China.Just last week, Huang met with President Donald Trump at the White House.Today's show features: Bloomberg News US Semiconductor & Networking Reporter Ian King on the news that Nvidia and AMD can resume AI chip sales to China Jayati Bharadwaj, Director in FX and EM Strategy at TD Securities on the US dollar’s reaction to June inflation data David George, Senior Research Analyst at Baird on the initial wave of quarterly bank earnings Bloomberg News Health Reporter Madison Muller on her Businessweek feature story on efforts by Hims & Hers Health to cash in on the GLP-1 drug craze See omnystudio.com/listener for privacy information.
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ICYMI: Supreme Court Lets Trump Continue Education Department Purge
A divided US Supreme Court let President Donald Trump resume dismantling the Department of Education, lifting a lower court order that required the reinstatement of as many as 1,400 workers. Granting an emergency request from the administration, the justices put on hold a federal district court ruling that said the Trump purge would leave the department unable to perform duties required under US law. The Supreme Court order will apply while the case continues on appeal. Bloomberg News Supreme Court reporter Greg Stohr breaks down the High Court's decision with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily. See omnystudio.com/listener for privacy information.
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Trump Threatens 100% Tariffs on Russia, Pledges Arms for Ukraine
Watch Bloomberg Businessweek Daily LIVE every day on YouTube: http://bit.ly/3vTiACF.US President Donald Trump threatened to impose stiff financial penalties on Russia if it does not end hostilities with Ukraine, while pledging fresh weapons supplies for Kyiv.“We’re going to be doing very severe tariffs if we don’t have a deal in 50 days, tariffs at about 100%,” Trump said Monday during a meeting with NATO Secretary General Mark Rutte at the White House.Trump said the levies would come in the form of “secondary tariffs,” without providing details. The US president has used the term in the past to describe duties imposed on countries for trading with American adversaries.Asked later if Trump meant to refer to the more widely known tool “secondary sanctions,” Commerce Secretary Howard Lutnick told reporters that sanctions and tariffs were “both tools in his toolbox” and that “you can do either one.” A White House official said Russia could face both measures if it fails to sign a ceasefire deal by early September.Today's show features: Angela Stent, Senior Fellow at the Brookings Institution, on President Donald Trump latest military and economic threats against Russia as the War in Ukraine shows no signs of abating Bloomberg News Senior Technology Reporter Dana Hull on Elon Musk’s xAI ambitions using Tesla as a funding source Bloomberg News Federal Reserve Reporter Amara Omeokwe on President Donald Trump and his allies criticizing Jerome Powell's handling of the Federal Reserve's headquarters renovation Daniel Florness, CEO of Fastenal on earnings and the state of US manufacturing See omnystudio.com/listener for privacy information.
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ICYMI: Building a Logistics Empire From the Ground Up
Cart.com was founded just over four years ago, and recently closed a $50 million funding round to bring the company's valuation to $1.6 billion. The company has grown rapidly and become one of the leading logistics and supply chain providers in the US. Revenue is nearing $400 million and the company has emerged as a viable pre-IPO candidate.Omair Tariq, the founder and CEO of Cart.com, discusses the business of logistics and transportation amid a global trade war. Omair speaks with Tim Stenovec and Norah Mulinda on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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Bloomberg Businessweek Weekend - July 11th, 2025
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio. You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.
Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.
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