Bloomberg Businessweek

Stocks and bonds rebounded after President Donald Trump said the US and Iran had “very good” conversations about an end to the conflict in the Middle East.
President rump said strikes against Iranian energy infrastructure and power plants would be postponed for five days following the start of talks with Iran to end the war.
For details on this development, Tom Keene and Paul Sweeney speak with Bloomberg Middle East Reporter Joumanna Bercetche, Silvercrest Asset Management Head of Investment Policy & Strategy Robert Teeter, and Veda Partners Co-Founder Henrietta Treyz.
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The US charged Yih-Shyan “Wally” Liaw, a co-founder of Super Micro Computer Inc., with illegally diverting Nvidia Corp.-powered servers to China in violation of US export controls. Liaw and two others allegedly sold the hardware to a Southeast Asian company and coordinated for its ultimate shipment to Chinese customers, and they made efforts to evade scrutiny by auditors from both Super Micro and the US government. Super Micro said it is cooperating with US authorities and has put Liaw and another defendant on administrative leave, and the company stated that the alleged conduct “is a contravention of the company’s policies and compliance controls”.
For more Carol Massar and Tim Stenovec speaks with Bloomberg Legal reporter Bob Van Voris.
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US officials say the White House is sending hundreds of Marines to the Middle East as it weighs a plan to seize Iran’s Kharg Island oil export hub. Deploying even a small number of troops on the ground in Iran carries huge risks for President Donald Trump.
Any effort to seize and hold Iran’s energy facilities would put US troops in far greater danger than they’ve already been exposed to so far in the conflict, which has seen 13 US fatalities to date. It would also add to the cost and scope of the conflict beyond an air campaign.
Just as charged would be the symbolism of American troops landing on Iranian soil and the accusation that Trump — who shot to popularity in part by criticizing the open-ended wars that dogged his predecessors — might be starting one of his own.
He said deploying a Marine Expeditionary Unit there would have “substantial risk of casualties, and with no obvious next step as to how such an action really accelerates regime change or even Iran’s willingness to negotiate an end to hostilities.”
Today's show features:
Jeff Mason, Bloomberg News Washington and White House Correspondent
Adam Farrar, Economics Senior Geoeconomics Analyst for Asia-Pacific
David Woo, author of Merry-Go-Round Broke Down: A Novel of Guilt, Greed and Globalization and Founder of David Woo Unbound
Ian McGinley, Partner at Sidley Austin and former Director of Enforcement at the Commodity Futures Trading Commission
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The sense of growing hostility toward business leaders and others in power is everywhere, coinciding with dueling populist political movements, and has been heightened by the refusal of many former Epstein pals to take responsibility for associating with him. The Epstein files have exposed a code of elite silence around a sex offender, and many of America's business icons and politicians must stop minimizing their roles in what happened and start making real amends to move forward.
Max Chafkin, Bloomberg Businessweek Senior Reporter and co-host of the Everybody’s Business podcast writes about how the Epstein files fallout is a crisis for elites —and an opportunity. He speaks with Bloomberg's Carol Massar and Tim Stenovec.
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