Bloomberg Talks

Cathie Wood, Founder and CEO of ARK Invest and known for her bullish stance on Tesla, dives into the controversial pay package of Elon Musk. She defends it, asserting the incentives align with long-term success. Wood also discusses ARK's valuation prediction for Tesla, emphasizing the importance of robotaxis. She reflects on current skepticism in the tech sector, likening it to the late '90s, and identifies buying opportunities in life sciences and AI in healthcare. Her insights illuminate ARK's strategic position in a changing landscape.

Esther George, the former President of the Federal Reserve Bank of Kansas City, shares her insights with Bloomberg hosts Jonathan Ferro and Lisa Abramowicz. They discuss the current lack of consensus within the Federal Reserve and the challenges posed by mixed labor market signals. George highlights how rising federal debt complicates monetary policy decisions and could lead to increased inflation. She also considers potential future rate paths, indicating that uncertainty will likely persist as policymakers navigate these complex issues.

Valdis Dombrovskis, the EU's Economy and Productivity Commissioner, dives into pressing economic issues. He discusses innovative strategies for utilizing frozen Russian assets to fund support for Ukraine. The conversation also highlights the EU's engagement with China regarding rare earths and the implications for supply-chain resilience. Dombrovskis outlines efforts towards regulatory simplification, aiming for a more efficient EU while balancing external pressures and maintaining its autonomy.

Vlad Tenev, Co-founder and CEO of Robinhood, shares insights into the retail investing platform's recent Q3 earnings, which surprised analysts with a profit but disappointing crypto revenue. He delves into the changing behaviors of customers, particularly how younger users are driving the growth of prediction markets. Tenev discusses Robinhood's plans to evolve into a multi-generational financial super app, focusing on banking and retirement offerings, as well as the company's long-term vision for institutional and international revenue streams.

Rick Wurster, President and CEO of Charles Schwab, shares insights from his first year leading the firm. He highlights the importance of advisor services and the firm’s focus on long-term investing amidst market volatility. Wurster discusses retail traders’ resilience and how Schwab differentiates itself from platforms like Robinhood. He also explores the growing interest in crypto among clients and outlines Schwab's plans for retail access to private markets. Plus, hear his strategies for attracting Gen Z investors and navigating market impacts of elections.

David Zhu, CEO of Reevo, discusses his mission to consolidate fragmented go-to-market tools into a cohesive AI-native revenue operating system. Vinod Khosla, co-founder of Khosla Ventures, shares insights into why he invested in Zhu, emphasizing the importance of backing proven founders. They dive into how Reevo plans to utilize its recent $80 million funding to enhance its product and global talent strategy, while tackling the challenges of outdated tech stacks and the evolution of user experience with AI.

Jim Zelter, President of Apollo Global Management, dives into the dynamic world of credit markets and AI data center financing. He shares insights on Apollo's impressive asset growth and their strategic focus on proprietary origination. Zelter addresses the implications of recent bank failures, dismissing fears of a widespread credit crisis. He also emphasizes cautious investment in the booming AI data center sector, advising on smart positioning in rapidly changing tech assets. Tune in for a mix of market wisdom and finance strategy!

Mike Doustdar, the newly appointed CEO of Novo Nordisk, faces the challenge of disappointing sales for their key drugs, Wegovy and Ozempic. He discusses strategic priorities, including expanding patient access and the rationale behind the recent acquisition of Metzera to enhance their product offerings. Doustdar also touches on competitive dynamics with Eli Lilly and emphasizes the importance of adapting to patient preferences between pills and injections. Additionally, he shares insights into engaging with the U.S. administration on pricing negotiations.

Kathy Wylde, President and CEO of the Partnership for New York City, offers keen insights into the NYC mayoral election's impact on businesses and the economy. She highlights record voter turnout and the emergence of a young nominee, emphasizing the need for political stability and affordability. Kathy explains the limitations on the mayor's tax authority and discusses housing challenges, advocating for swift affordable housing solutions. With rising migration risks due to high living costs, she also shares how public-private partnerships could be crucial in navigating fiscal constraints.

U.S. Representative Robert Menendez from New Jersey discusses the gubernatorial race with host Romaine Bostick. Menendez highlights Mikey Sherrill's campaign momentum and emphasizes voters' concerns over affordability and state defense. He tackles rising electricity costs and proposes innovative funding solutions for infrastructure without hiking taxes. Menendez also addresses the importance of attracting small businesses and shares insights on the impact of the government shutdown on local priorities, ultimately predicting a victory for Sherrill.