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

In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors.

The parallel deals have been questioned by Democratic lawmakers alleging possible conflicts of interest involving Lutnick and his sons. But a more basic set of questions has dogged the project: Can USA Rare Earth Inc., the company getting these public and private funds, actually produce the critical minerals and magnets the government needs to break China’s chokehold on global supplies?

For a closer look, we speak with Joe Deaux, Bloomberg News Senior Reporter for Corporate & Economic Statecraft.

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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

President Donald Trump said he would meet again with Chinese leader Xi Jinping in November, following what he said was a successful summit in Washington that was seemingly light on concrete policy outcomes. Meanwhile, oil prices declined on tentative signs that talks between the US and Iran to reopen the world’s most important energy shipping route were progressing.

On today's episode:

- Jennifer Welch, Chief Geoeconomics Analyst for Bloomberg Economics
- Mekala Krishnan, Partner at the McKinsey Global Institute
- Carolyn Rodrigues Birkett, Permanent Representative of Guyana to the UN
- Rudina Seseri, Founder & Managing Partner at Glasswing Ventures

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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

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