Trump’s Reluctance in Nominating Hassett, Bayer Gets SCOTUS Hearing, More

47.201 - 57.477 Nathan Hager

Trump on Friday said if Hassett were to leave his post as director of the White House National Economic Council, it would deprive the administration of one of its most powerful messengers on the economy.

57.457 - 73.069 Scott Besson

I actually want to keep you where you are, if you want to know the truth. Kevin Hassett is so good. If I move him, these Fed guys, certainly the one we have now, they don't talk much. I would lose you. It's a serious concern to me. So I just want to say thank you very much. You've done incredible.

73.64 - 87.962 Nathan Hager

Hassett has been seen as a top contender to succeed Fed Chair Jerome Powell. Gold slipped the most in more than two weeks after President Trump expressed reluctance about nominating Hassett as Federal Reserve Chair, casting further doubt over his search for the next head of the central bank.

88.042 - 96.475 Nathan Hager

During an appearance on Fox Business, Treasury Secretary Scott Besson talked about when we may learn of President Trump's choice to lead the Fed.

96.455 - 108.456 Unknown

We've run a process and it will be the president's decision in the next couple of days or weeks. I'd expected that we would here have a decision either before he leaves for Davos or when he returns.

252.43 - 271.553 Reza Pahlavi

I ask the world to protect the Iranian people by degrading the regime's repressive capacity, including targeting the Islamic Revolutionary Guard leadership and its command and control infrastructure. This does not require putting boots on the ground. The Iranian people's boots are already on the ground.

271.533 - 288.647 Nathan Hager

Exiled Crown Prince Reza Pahlavi. President Trump told reporters Friday he would hold off on invoking the Insurrection Act after previously threatening to use the law to deploy military troops in Minnesota. Still, the president did not rule out using the 19th century law to later date, saying, if I needed it, I'd use it.

288.627 - 310.247 Nathan Hager

A day earlier, Trump posted on social media that he would institute the Insurrection Act if the state's leaders failed to quell protests there. The 1807 statute allows the president to use regular military troops on U.S. soil for domestic law enforcement during an insurrection or civil disturbance without congressional approval. It was last invoked during the 1992 Los Angeles riots.

310.227 - 332.809 Nathan Hager

The Friday numbers on Wall Street, the Dow lost 83, Nasdaq fell 14, the S&P dropped 4. The 10-year Treasury yielded 4.22%, the two-year at 3.59%. Senator Jeanne Shaheen, the top Democrat on the Senate Foreign Relations Committee, discusses Venezuela, NATO, and the limits of congressional power as global crises multiply. Can Congress still check the commander-in-chief?

332.789 - 347.997 Nathan Hager

You can read all about it in Bloomberg's Weekend Edition, exploring the places where finance, life, and culture meet. Find it on Bloomberg.com and the Bloomberg Business app. That's news when you want it with Bloomberg News Now. I'm Ed Kalecki. This is Bloomberg.

426.982 - 441.619 Carol Masser

That's right, Tim. We're all over global business, finance, tech news, all as it is happening in real time. And we've got complete coverage of the U.S. market close. Got to say, basically, if it impacts financial markets, if it impacts companies, if it's impacting trends and narratives that are out there, we are on it.

441.599 - 449.075 Nathan Hager

We also have a lot of fun doing it. Bloomberg Businessweek also brings you the analysis behind the headlines through conversations with our expert guests.

449.156 - 454.748 Carol Masser

And we are doing this all live each weekday. And then we bring you the best analysis in our daily podcast.

454.928 - 459.017 Nathan Hager

Search for Bloomberg Businessweek on YouTube, Apple, Spotify, or anywhere else you listen.

458.997 - 474.12 Carol Masser

Check it out on your way home from work to catch up on the conversations that you missed during the business day. And on the weekend, check it out for a complete wrap-up of your business week. That's the Bloomberg Business Week Daily Podcast. I'm Carol Masser. And I'm Tim Stanevex. Subscribe today wherever you get your podcasts.