New York City's Brooklyn Navy Yard has evolved from a collection of warehouses into a model for 21st-century manufacturing, where climate-tech, smart city solutions, and advanced fabrication companies grow alongside distilleries, designers, and robotics startups. Now, the mission-driven industrial park is prompting a broader rethink of what manufacturing looks like in big cities, and how to solve some of today’s biggest problems, from climate change to health care access.

Lindsay Greene, President and CEO of the Brooklyn Navy Yard, discusses her vision for the Big Apple's business ecosystem. Lindsay speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House to slash borrowing costs.

Chair Jerome Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was time to cut rates after holding them steady since December amid concerns over tariff-driven inflation.

The decision comes at an extraordinary moment for the Fed. President Donald Trump, who has demanded drastic rate reductions and sought to exert more control over the US central bank, continued his legal battle this week to remove one official from the Fed board and install his own top economic adviser ahead of the highly anticipated gathering.

Fed Governor Lisa Cook and newly-sworn-in Governor Stephen Miran, who is on a temporary leave from his role as chair of the White House Council of Economic Advisers, both attended the meeting.
The Federal Open Market Committee voted 11-1 on Wednesday to cut the target range for the federal funds rate to 4%-4.25%, after holding rates steady for five straight meetings this year.

Today's show features:

• Danielle DiMartino Booth, CEO and Chief Strategist at QI research, on what to watch for from the FOMC for the rest of 2025
• Ethan Penner, 2026 Candidate for Governor of California and Managing Partner and co-Founder of Mosaic Real Estate Investors, on his political platform as an independent candidate
• Bloomberg "Open Interest" Co-Host Matt Miller on Tesla working on a redesign of its door handles that have drawn safety scrutiny
• Bloomberg News Reporter Zach Mider on Treasury Secretary Scott Bessent’s contradictory mortgage pledges

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Language-learning platform on Tuesday announced the launch of its new feature called Babbel Speak, which is designed to help first-time learners go from silence to speech. Introduced to the Babbel app via a new tab on the home screen, the AI-powered, voice-led trainer solves one of the most common barriers in language learning: not knowing how to begin speaking.
Newly appointed Babbel CEO Tim Allen, who took over the role in June, discusses his expectations for the enhanced features as well as competition from the likes of Duolingo, and wearable translation aides from Apple and Alphabet. Tim speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
TikTok’s American operations would be acquired by an investor consortium that includes Oracle Corp., Andreessen Horowitz and private equity firm Silver Lake Management LLC under a framework deal that US President Donald Trump is set to discuss with Chinese President Xi Jinping later this week.
The tentative agreement, unveiled on Monday by senior US and Chinese officials after two days of talks in Madrid, would create a US-based version of the popular social media app with Oracle, Andreessen and Silver Lake all holding stakes in the new venture, according to people familiar with the matter.
Under the deal, ByteDance Ltd.’s stake in TikTok would be reduced to below 20% to satisfy a US national security law passed in 2024 requiring the Beijing-based company to divest or face a ban in the American market. If completed, with the blessing of Trump and Xi, the transaction would allow the video-sharing platform to keep operating in the US and remove a sticking point in US-China relations.
The deal calls for Oracle to continue providing cloud services for TikTok in the US, a business that has become a steady source of revenue for the Austin-based company. Oracle already works with TikTok to host user data in the US and other countries as part of a multi-billion-dollar partnership TikTok has dubbed Project Texas.
Today's show features:

• Bloomberg Businessweek Editor Brad Stone on TikTok's potential buyers and the evolution of social media platforms
• Katy Kaminsky, Chief Research Strategist and Portfolio Manager with AlphaSimplex Group, on the rates market and the Federal Reserve
• Adaire Fox-Martin, President and CEO of Equinix, on investing in American infrastructure
• Alli McCartney, Managing Director, Wealth Management and Private Wealth Advisor with Alignment Partners at UBS

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Adobe Inc. gave a strong quarterly revenue outlook, suggesting that the software maker is seeing a payoff from its investment in AI features. Sales will be about $6.08 billion to $6.13 billion in the period running through November, the company said Thursday in a statement. Analysts, on average, estimated a number at the bottom of that range. The San Jose, California-based company also boosted its annual forecast. Adobe has worked to weave artificial intelligence features, often based on its own generative models, into the company’s industry-standard products like Photoshop. That’s now helping spur growth.
Anil Chakravarthy, the company's President of Digital Experience Business, Worldwide Field Operations, discusses the company’s strong earnings results and its announcement of the acceleration of its AI innovation adoption, including its push into the use of AI Agents. Anil speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump said he would speak with Chinese leader Xi Jinping on Friday as US and Chinese officials reached a framework deal on keeping the TikTok app running in the US.
It would be the first direct engagement between Trump and Xi since June.
“I will be speaking to President Xi on Friday. The relationship remains a very strong one!!!,” Trump said in a post on social media Monday. Referring to a meeting of top officials between the two nations in Madrid, Trump also said that the session “has gone VERY WELL!”
US Treasury Secretary Scott Bessent, who led the talks in Spain, told reporters that a framework to keep ByteDance Ltd.’s TikTok app running in the US had been reached. China’s Vice Commerce Minister Li Chenggang also told reporters in Madrid that a framework of “consensus” had been reached on TikTok, while cautioning that Beijing won’t sacrifice principles for a deal.
The terms of the blueprint, and whether they would satisfy the requirements of a US national security law that took effect in January, remain unclear. But a US official emphasized that some arrangement was crucial in order for Trump and Xi to have their first in-person tête-à-tête later this year.
Had there been no deal on TikTok, a Trump-Xi meeting on the sidelines of the Asia Pacific Economic Cooperation gathering in South Korea late next month would have been off the table, the official said. A Trump state visit to China would also have been off the table, the official added, speaking on condition of anonymity to discuss the sensitive issue.
Today's show features:

• Bloomberg News White House Reporter Skylar Woodhouse on President Donald Trump and Xi Jinping’s expected talks Friday, and the potential for a resolution to the TikTok saga
• Yelena Shulyatyeva, Senior US Economist for The Conference Board, on this week’s FOMC policy meeting
• Bloomberg Businessweek Senior Reporter Max Chafkin on Elon Musk’s $1 billion Tesla stock purchase
• Brent Schutte, Chief Investment Officer of Northwestern Mutual Wealth Management on the outlook for US monetary policy

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