Mandy Oser is the owner of Ardesia in Hell’s Kitchen, a neighborhood wine bar she opened in the Fall of 2009 as a place where both those with a deeper knowledge of wine as well as novices can find a selection that will satisfy. She discusses the wine industry, how many are male dominated but highlighting women wineries owned and made by woman. And the increase of wine sales this month.

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The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The White House threatened further escalation of attacks on Iran, including critical civilian energy infrastructure, as the fifth week of war jolts global markets with little sign of relief.

President Donald Trump earlier on Monday posted on social media that if Tehran doesn’t re-open the Strait of Hormuz, “we will conclude our lovely ‘stay’ in Iran by blowing up and completely obliterating” electricity plants, oil facilities and “possibly” desalination infrastructure.

Trump has regularly vacillated between saying a deal with Iran is imminent and warning he’s prepared to increase the military tempo. The threat to water facilities would constitute a war crime as defined by the Geneva Conventions. White House Press Secretary Karoline Leavitt said the US is “conducting more intense, targeted strikes with devastating combat power with each passing day” and the US operations are proceeding “according to plan,” even as she echoed the president in saying talks are on track. The administration hasn’t identified which Iranian officials it’s dealing with, directly or indirectly.

Despite the mystery surrounding peace talks, Leavitt said the Iranians were “increasingly eager” to negotiate and agreed to “some of the points” that the US has put forward to end the conflict. Iran has consistently said peace talks aren’t progressing and has signaled it can carry on fighting for much longer.

Today's show features:

• Maj. Gen. Mastin Robeson, Academy Securities
• Florian Ielpo, Head of Macro at Lombard Odier Investment
• James Walker, CEO of NANO Nuclear
• Drive to the Close with Rob Haworth, Senior Investment Strategy Director at US Bank Asset Management

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In 2017, a small crew gathered in a windowless Pentagon room to put AI at the heart of how America makes war. Led by Drew Cukor, an unyielding Marine Corps colonel driven by the deaths of US troops and the prospect of war with an AI-equipped China, the Project Maven team raced to send AI into combat, igniting controversy and forever changing the US military. Summoning the mayhem of a tech startup, the Maven team wrestled Pentagon bureaucrats and each other. They enlisted an initially reluctant Silicon Valley, supercharged the growth of Palantir, and sent algorithms made by Amazon, Microsoft, and others into hot wars. Maven fielded technology to identify targets at speed and scale, developed AI-infused command systems, and learned where AI fails.

Katrina Manson, Bloomberg News Reporter covering technology and national security, talks about her book Project Maven: A Marine Colonel, His Team, and the Dawn of AI Warfare.

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If you want to build a diversified portfolio, you need to assemble assets that respond to different return drivers. Digital assets can play a central role. For starters, cryptocurrencies like bitcoin behave differently than traditional equities or commodities, giving portfolios exposure to unique sources of risk and return. And within the crypto universe, you can find coins, protocols, and equities that all behave differently under different market conditions. By investing in a wide range of digital assets you can potentially both mitigate risk and improve returns.

This episode is sponsored by Coinbase.

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This is a special presentation of Businessweek Convenes, a series dedicated to bringing together prominent leaders for frank discussions on vital, often sensitive subjects. In this episode, we delve into a crucial topic: the state of Black leadership in corporate America amid the rollbacks to diversity, equity, and inclusion initiatives across the country. Bloomberg's Romaine Bostick leads this discussion with prominent business and finance veterans Ursula Burns, Nicole Reboe, Jacob Walthour, Jr., Lisa Wardell, and Chris Williams.

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Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.

You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW

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The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Trump administration is signaling to allies that it has no immediate plans for a ground invasion of Iran, even as it deploys thousands of troops to the Middle East, people familiar with the matter said. The people, who asked not to be identified discussing private deliberations, cautioned that President Donald Trump could change his mind at any moment or go ahead with an attack. They said the troops could serve a variety of roles, including to help with evacuations of American citizens but also to create a sense of strategic ambiguity about US intentions.

Secretary of State Marco Rubio said Friday the US can achieve its objectives in Iran without the use of ground troops but their presence gives Trump options.

“The president has to be prepared for multiple contingencies, which I’m not going to discuss in the media,” Rubio told reporters. “We can achieve all of our objectives without ground troops. But we are always going to be prepared to give the president maximum optionality and maximum opportunity to adjust to contingencies should they emerge.”

A White House official, who requested anonymity to describe internal thinking, said it’s the Pentagon’s job to develop plans to give the president optionality, and noted that Trump has previously said he has no plans to send ground troops anywhere at this time. The official said Iran will be hit harder than ever before if they fail to make a deal.

Today's show features:

• Iain Marlow, Bloomberg News National Security Editor
• Spencer Faragasso, Senior Fellow with the Institute for Science and International Security on Iran's stocks of highly enriched uranium
• Dimitra Kessenides, Bloomberg Businessweek Senior Editor and Professor Angel Saz, Director of EsadeGeo – Centre for Global Economy and Geopolitics, a leading B-school in Spain
• Drive to the Close with Mark Luschini, Chief Investment Strategist, President and Chief Investment Officer, Janney Capital Management

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As U.S. companies reassess exposure to tariffs and trade volatility and pull back on international expansion, Bermuda remains a steady destination for U.S. private wealth and business investment. Bermuda’s leading industry clusters are 90%+ dominated by professional services sectors including risk and insurance, digital finance, and private wealth management.

David Parker, Bermuda Business Development Agency (BDA) Head of Business Development, discusses how the jurisdiction has become a competitive region in the global financial and tech markets -- often cited as a “regulatory sandbox” for innovation, modernization and clear neutrality.

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