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Apple Bets CEO Ternus Will Bring Back Jobs-Era Decisiveness

When Apple announced Monday that longtime leader Tim Cook would be replaced by John Ternus, it published an image of the two executives walking side by side at the company's campus in Cupertino, California. Both men are wearing Apple Watches, dark button-up shirts and blue jeans as they smile at each other a near mirror image. The implication: Ternus, Apple's hardware head, will bring continuity as chief executive officer and help preserve Cook's legacy.  But Ternus will have a challenge when he officially takes the job in September. Even as he maintains Apple's device empire and its more than $400 billion in annual revenue the executive will need to take chances, enter new product categories and find the company's footing in artificial intelligence. Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

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Bloomberg

Warsh Says Fed 'Must Stay in Its Lane'

Bloomberg's Mike McKee detailed changes to the Federal Reserve that fed chair nominee Kevin Warsh revealed in his confirmation hearing Tuesday, saying that Warsh may want to change or eliminate economic guidance. Warsh told Senators that he is not a fan of the Fed's forward guidance and feels that it sticks to it too closely. Warsh also indicated that he would aim to hem in federal reserve members speaking out ahead of rate decisions.

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Bloomberg

Warsh's Undisclosed Investments Raise Questions on Influence Says Richards

Former Treasury official Kitty Richards, senior strategic adviser at the Groundwork Collaborative, said the financial disclosures of Kevin Warsh, the nominee to be chair of the Federal Reserve, leave some important questions unanswered because some of his holdings remain under wraps. Richards also spoke about questions around Fed independence, saying that Warsh's stances indicate he is more interested in the 'way the political winds are blowing' than the data.

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