SEC Chairman Paul Atkins Talks Stablecoins, 401(k) Plans

Federal Reserve Governor Christopher Waller says, “the private sector is not doing as well as everybody thinks it is,” as he makes the case for the Fed to lower borrowing costs before the labor market begins to deteriorate. Waller also discusses debate on monetary policy, inflation from tariffs, and whether he would accept the job of Fed Chair if it was offered to him. Waller speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz, Annmarie Hordern, and Mike McKee.See omnystudio.com/listener for privacy information.

US Security and Exchange Commission Chairman Paul Atkins says the commission’s Crypto Task Forced is focused on making “clear rules” for cryptocurrencies following the passage of the first-ever federal legislation for stablecoins. Atkins also discusses the potential for private assets and alternative investments in 401(k) retirement plans and the independence of the SEC. He speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern.See omnystudio.com/listener for privacy information.

Australian Treasurer Jim Chalmers says that Australia will "quite dramatically" boost its defense spending, while working with other Group of 20 nations to improve cooperation to combat volatility. Chalmers also warns that he sees US tariffs levied on countries around the world by President Donald Trump as an act of "economic self-harm." He speaks with Bloomberg's Oliver Crook on the sidelines of a meeting between many of the world's most powerful finance ministers in South Africa.See omnystudio.com/listener for privacy information.

OECD Secretary General Mathias Cormann discusses the high level of uncertainty in the global economy and his view that there is still cooperation among the G-7 countries. He speaks with Bloomberg's Oliver Crook in Ballito, South Africa, where G20 finance ministers are meeting.See omnystudio.com/listener for privacy information.

While rival media companies are unloading assets and cutting costs, Netflix Inc. continues to thrive. The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins. The second quarter is historically slow for Netflix, which typically adds more customers at the beginning and end of the year. But the company released a steady slate of popular shows, including two of the most-watched titles of the year — the third season of Ginny & Georgia and the final season of Squid Game. The company also benefited from a weaker dollar. More than two-thirds of its customers live outside the US. For instant reaction and analysis, hosts Tim Stenovec and Norah Mulinda speak with Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst and Mark Douglas, CEO of MNTN.See omnystudio.com/listener for privacy information.

San Francisco Fed President Mary Daly speaks with Bloomberg's Michael McKee at the Rocky Mountain Economic Forum in Victor, Idaho. She discusses her outlook for rate cuts and labor market weakness.See omnystudio.com/listener for privacy information.

Novartis announced disappointing sales for a key psoriasis drug and the looming retirement of its respected finance chief, which overshadowed a modest outlook raise. Novartis CEO Vasant Narasimham speaks with Bloomberg's Scarlet Fu on the impact of pharma tariffs.See omnystudio.com/listener for privacy information.

Canadian Finance Minister Francois-Philippe Champagne discusses the impact of tariffs on global trade, and the possibility of a deal with the US. He speaks with Bloomberg's Oliver Crook as G20 finance ministers meet in South Africa.See omnystudio.com/listener for privacy information.

Roblox CEO David Baszucki discusses Roblox's new selfie-based AI age verification for its young users. He speaks with Bloomberg's Ed Ludlow.See omnystudio.com/listener for privacy information.

United Airlines CEO Scott Kirby discusses second-quarter results and firming demand for airline travel, saying, “it was like a light switch at the end of June for business.” He speaks with Bloomberg's Lisa Abramowicz from United HQ in Chicago. See omnystudio.com/listener for privacy information.