‘I Saw Him, He Saw Me’: Trump and Lula Get Their New York Minute

In the latest episode of Bloomberg Businessweek Daily, hosts Carol Massar and Tim Stenovec delve into Fed Chair Jerome Powell's insights on the challenges facing the central bank, emphasizing that there is no 'risk-free' path for monetary policy. This discussion is crucial as it highlights the complexities of economic decision-making in uncertain times. Additionally, the episode features Bloomberg's Michael McKee and Senior White House Correspondent Josh Wingrove, who analyze President Trump's confrontational speech at the United Nations, shedding light on its implications for international relations.

South Africa's Trade Minister, Parks Tau, recently discussed the ongoing trade negotiations with the United States in an interview with Bloomberg. This conversation comes in the wake of President Donald Trump's decision to impose a 30% tariff on South African exports, highlighting the challenges and opportunities that lie ahead for both nations. Understanding these developments is crucial as they could significantly impact economic relations and trade dynamics between South Africa and the US.

In a fiery address at the United Nations General Assembly, President Donald Trump criticized the UN for not supporting his diplomatic initiatives, dismissing climate change as a hoax and labeling uncontrolled migration as the foremost political issue today. This speech highlights Trump's ongoing tension with international bodies and his controversial stance on global issues, which could impact future diplomatic relations and global cooperation.

Kamala Harris has expressed her support for Zohran Mamdani in the New York mayoral race, albeit without directly naming him. This subtle endorsement contrasts with the more vocal backing from figures like Bernie Sanders and Alexandria Ocasio-Cortez. Harris's support is significant as it highlights the growing momentum behind Mamdani's campaign, which could influence undecided voters and shape the Democratic primary.

Ecuador is facing significant unrest as protests erupt over the government's decision to cut a diesel subsidy. This week, officials are meeting with investors in New York, highlighting the tension between economic policies and public response. The outcome of these discussions could impact both the country's financial stability and the ongoing protests, making it a critical moment for Ecuador.

In a significant diplomatic move, US President Donald Trump expressed strong support for Argentine leader Javier Milei during their first meeting in New York. While Trump praised Milei's leadership, he refrained from committing to any financial aid for Argentina, which is currently facing economic challenges. This meeting is important as it highlights the strengthening ties between the US and Argentina, potentially influencing future economic policies and international relations.

A recent poll reveals that over two-thirds of Americans perceive the economy as fair or poor, highlighting widespread dissatisfaction. This sentiment comes on the heels of the Federal Reserve's decision to lower interest rates, a move influenced by President Donald Trump's pressure amidst a 2.9% inflation rate. The findings underscore the challenges facing the economy and the concerns of everyday Americans, making it a critical issue for policymakers.

The recent decision by a New York local board to reject the six-acre 'Freedom Plaza' casino proposal marks a significant setback for the city's ambitions to expand its gaming industry. This is the third and final Vegas-style casino proposal turned down, highlighting the challenges faced in bringing such projects to fruition. The rejection matters because it reflects ongoing concerns about the impact of casinos on local communities and the economy, leaving many to wonder what the future holds for gaming in Manhattan.

President Donald Trump has announced a meeting with Brazilian President Luiz Inacio Lula da Silva next week, following their friendly exchange during the UN General Assembly. This meeting is significant as it highlights the strengthening ties between the United States and Brazil, two major players in the Americas, and could lead to important discussions on trade and cooperation.

Arabica coffee futures have seen a decline in New York, but this drop comes with a silver lining as recent rains in Brazil, the world's leading coffee producer, are raising hopes for a significant increase in crop yields. This is important because a bumper crop could lead to lower coffee prices, benefiting consumers and potentially stabilizing the market.

President Donald Trump recently addressed the United Nations General Assembly, expressing his belief that illegal immigration is detrimental to countries around the world. He emphasized the importance of nations securing their borders to protect their sovereignty. This statement is significant as it reflects ongoing global debates about immigration policies and national security, resonating with many leaders and citizens concerned about the impacts of uncontrolled migration.

Illinois Governor JB Pritzker is taking proactive measures by instructing state agencies to identify spending cuts in response to the economic challenges posed by President Donald Trump's policies. This decision highlights the potential financial strain on the state and reflects the broader impact of federal policies on local economies.

Kenvue, the maker of Tylenol, has seen a rebound in its shares, indicating a positive shift in investor confidence. This comes at a time when former President Trump is facing significant pushback regarding his recent claims. The developments in Kenvue's stock performance are noteworthy as they reflect broader market trends and consumer sentiment, while Trump's situation highlights ongoing political tensions.

Sempra Infrastructure Partners has been downgraded to a 'BBB' rating following the recent decision regarding the Port Arthur LNG2 project. This downgrade reflects concerns about the project's viability and potential impacts on the company's financial stability. Investors and stakeholders should pay close attention to how this rating change might affect Sempra's future operations and market position.

The FDA's recent approval of a new drug for autism has sparked significant discussion about the review process for medications targeting this condition. This approval is noteworthy as it may change how future treatments are evaluated, potentially leading to quicker access for patients. The implications of this decision could reshape the landscape of autism treatment and influence how similar drugs are assessed in the future.

Todd Kahn, the CEO of Coach, recently shared insights on how the brand is resonating with Gen Z consumers, who are increasingly spending on fashion. He emphasized a strategy focused on fewer ideas but richer storytelling, particularly with their popular charms and sneakers. By keeping their bags priced between $200 and $500, Coach aims to attract this younger demographic while enhancing brand loyalty. This approach not only reflects changing consumer preferences but also highlights the importance of meaningful narratives in today's fashion industry.

Micron Technology has reported impressive earnings for Q4 2025, surpassing both EPS and revenue forecasts. This positive performance highlights the company's strong position in the semiconductor industry and reflects its ability to adapt to market demands. Investors and analysts are optimistic about Micron's future growth prospects, making this news significant for stakeholders and the tech sector as a whole.

Jonathan Clements, a respected financial columnist for the Wall Street Journal, passed away this weekend, leaving behind a legacy of insightful financial advice. His ideas have guided countless individuals in managing their finances wisely, emphasizing the importance of saving, investing, and planning for the future. Clements' work not only educated readers but also inspired them to take control of their financial destinies, making his contributions to personal finance invaluable.