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All 19 Federal Reserve officials backed the decision in September to raise interest rates, with many supporting the move to guard against the risk of intensifying inflation pressures. Bloomberg's Mike McKee reports from Washington. Yemeni armed forces say they took control of the Red Sea city of Mokha on Monday after battles with the Iran-backed Houthis. Jennifer Welch of Bloomberg Economics examines what it means for the state of conflict in the Middle East at large. Lumen CEO Kate Johnson discusses the impact of AI on the telecom sector. Plus - Apple's upcoming push into smart home devices will include a doorbell, thermostat and other accessories developed through an unusual partnership with LG Electronics. Bloomberg's Mark Gurman joins to discuss. All on the latest episode of Bloomberg Businessweek Daily.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:01:00 Fed Signals Another Rate Hike This Year
00:05:03 Inflation, Jobs & the Fed's Next Move
00:09:32 Iran War, Houthis & the Red Sea
00:12:20 Saudi Arabia's Fight Against the Houthis
00:14:45 Oil Flows, Hormuz & Energy Markets
00:17:11 U.S. Role in the Iran War
00:19:04 Markets React to the Fed Minutes
00:21:11 Lumen CEO on the Company's AI Transformation
00:23:42 AI Spending, Data Centers & Enterprise Demand
00:25:37 Lumen's Turnaround, Debt & Revenue Growth
00:29:47 What CEOs Are Getting Wrong About AI
00:32:33 Markets: Stocks, Rates & Oil
00:34:39 Apple's New Smart Home Strategy
00:37:21 Apple Takes on Google & Amazon
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