Fed’s Beige Book Shows Okay-Shaped Split Deepens | Bloomberg Businessweek Daily 11/26/2025

On today’s episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss the release of the Fed Beige Book ahead of a pivotal December FOMC meeting. Bloomberg’s Stuart Paul and New Century Advisors Chief Economist Claudia Sahm join the show to break it down. Also on today’s show, ACI Worldwide CFO Robert Leibrock on the firm’s global payments platform, the business viability of stablecoins, and ‘friendly fraud’ risk. Plus, Columbia University Senior Lecturer in Political Science Elise Giuliano discusses Bloomberg’s exclusive about Steve Witkoff advising Russia on how to pitch a Ukraine plan to Trump.

Chapters:
00:00:00 – Bloomberg Businessweek Daily Starts
00:04:30 – Stuart Paul and New Century Advisors’ Claudia Sahm Break Down the Release of the Fed Beige Book Ahead of a Pivotal December Meeting
00:14:07 – Brooke Sutherland Talks Deere’s Disappointing Outlook Showing Elusive Farm Recovery
00:17:15 – Stuart Paul and Claudia Sahm Rejoin to Highlight Beige Book Showing K-Shaped Split Deepening Among Consumers
00:21:12 – ACI Worldwide CFO Robert Leibrock Discusses Consumer Spending Flows, Stablecoin, ‘Friendly Fraud’ Risk
00:35:19 – Columbia University’s Elise Giuliano on Steve Witkoff Advising Russia on How to Pitch Ukraine Plan to Trump
00:43:34 – Rachel Phua with Stocks on the Move
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