About this podcast
Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday
Episodes
The newest 50 of 1,306 episodes
- Why a $2 Billion Law Firm Suddenly Collapsed · 58 minAt the end of October, seemingly overnight, a major law firm called Weil Gotshal announced it was winding down after a number of partners departed and talks of a merger with…
- What Nvidia's Megaspeed Scandal Is Really All About · 54 minNvidia CEO Jensen Huang’s extramarital relationship with a woman named Alice Huang, whom US intelligence reportedly identified as a Chinese intelligence asset, is one of the…
- The Perfect Storm That Clobbered Hedge Funds · 52 minEven before the US midterms, the AI trade was weakening. Just look at all the headlines from October in the hedge fund world — it was one of the bloodiest periods the industry…
- This Is How New York City Takes Out Its Trash · 53 minAccording to Joshua Goodman, trash collection in New York is one of the last services the city offers that is not yet touched by neoliberalism. What he means is that it's the…
- The Macro Implications of the Blue Tsunami · 37 minWe don't need to tell you that the midterm elections were historic: The Democrats won bigger than even they imagined. But as the dust settles, an open question we are puzzling…
- James Bosworth on What Comes After Lula's Stunning Win · 32 minWhen we last talked to James Bosworth, it seemed like an “orange wave” was going to take over Latin America and further realign the region’s interests with those of the Trump…
- An Election Day Special With Nate Silver · 43 minNate Silver tells us he is calling this midterms the “rock and a hard place election” — the background conditions are great for Democrats to win both the House and the Senate…
- The $300 Billion Structured Notes Market Is Booming · 52 minThe structured products business in the US has gotten very large recently — on track to hit $300 billion in sales this year. That they are all the rage means a once opaque…
- PHP2Shell Won't Be the Last Big AI Cybersecurity Risk · 49 minEarlier this year, cybersecurity researchers discovered a vulnerability in PHP, an open-source coding language used in roughly 70% of the world's websites, that had been lying…
- What Wall Street Really Thinks About the AI Trade Now · 41 minIt has been a big week for the AI trade — we've seen wobbles in the market, many of them in response to headlines like the Anthropic S-1 and earnings from the hyperscalers…
- AI Agents Are Already Changing the Price of Goods · 50 minIt's obvious that things are getting more expensive, and there are plenty of reasons behind the surge in prices — whether it's wars or inflation or companies padding their profit…
- How a Chicago Restaurant Has Stayed Open For Nearly Three Decades · 49 minRichard Mott's first foray into hospitality was in the 1980s at the University of Chicago, where he started running a coffee shop in the basement of the business school when he…
- The Forgotten Godmother of Economic Literature · 44 minIn 1776, the field of economics was born with the publication of Adam Smith's The Wealth of Nations. And among the book's earliest readers, and most ardent advocates, was a…
- Bhaskar Sunkara Thinks the Market Has a Place Under Socialism · 53 minIn September, Gallup released a poll that showed that 43% percent of Americans viewed socialism positively, the highest approval since Gallup began the poll back in 2010. Since…
- James Robinson on What It Looks Like When a State is Failing · 38 minThe third and last episode from our Chicago live show is with James Robinson, a professor at the University of Chicago and a recipient of the 2024 Nobel Prize in economics (which…
- CME's Terry Duffy on the Disconcerting State of Finance Regulation · 30 minThe Commodity Futures Trading Commission was practically brand new when Terry Duffy started working at CME Gropu almost five decades ago, and over the course of his career at the…
- Don Wilson on the GPU Market's Trillion Dollar Question · 27 minWhen we spoke to Don Wilson, founder and CEO of DRW, in Chicago last year, he told us he wanted to build a market for GPUs that would eventually be bigger than oil. A year's time…
- David Byrne Explains How Forgotten Ideas Come Back to Life · 1 h 0 minHistory is littered with ideas that have been tossed aside, only for them to gain relevance at some later date. Think of Moby-Dick: forgotten in Melville's time, but now regarded…
- The French Political Crisis That's Turning Into a Debt Crisis · 48 minJust about everyone is worried about what is going on in France right now: the country's public finances are in sorry shape and there are fears that the French bond selloff, and…
- Jeff Yan's Plan to Bring the Entire Financial Industry Onto Hyperliquid · 58 minTraders and market watchers around the world started talking about a crypto platform called Hyperliquid earlier this year, when speculators used markets built on top of it to…
- Nate Soares on How AI Really Could Kill Us All · 1 h 16 minSince the Hugging Face incident, concerns over AI doomsday scenarios has entered the mainstream. But of course, some people have been warning about this for years, long before…
- How AI Is Upending the World of Mathematics · 1 h 0 minLast month, OpenAI announced that it had produced an AI-generated proof for the Navier-Stokes problem, one of the most famous unsolved questions in mathematics. LLMs used to be…
- What Everyone Gets Wrong About the Economic Problems in Europe · 53 minIn so many conversations, there's a widespread view that Europe is falling behind. Or it's in trouble. It has been two years since the publication of the Draghi report and the…
- Why Treasuries Are 'Risky' Again · 51 minWe all know that US Treasury yields have been surging, alongside bond yields all around the world. So what explains the selloff and does this mean that bonds are becoming…
- How Airlines Actually Hedge Higher Fuel Prices · 54 minFuel is a huge expense for airlines, and even on a good day, jet fuel prices are pretty volatile. Throw in two major wars now effecting energy infrastructure, and fuel prices…
- Everything in Markets Is Now Moving Incredibly Fast · 44 minThe market is acting in ways that make it very hard to get a handle on what exactly is going on right now. The overall indices are surging, while many individual stocks are doing…
- Why Building a Crosswalk in LA Is Kafkaesque · 22 minBill McBride did not just predict the 2008 housing bubble, he helped invent financial blogging with his Calculated Risk newsletter. Zach Lasry, meanwhile, is much newer to the…
- Hollywood Was Cooked Before AI, and Now It's Only Getting Worse · 32 minIs Hollywood just screwed? Writers are earning less. There are fewer shoots taking place in Los Angeles. And people are freaked out about AI. But according to Hayes Davenport…
- AI Is Upending the Lives of People Who Do Social Media Professionally · 28 minSocial media is really strange these days: Increasingly, our feeds are starting to look uncanny, as AI slop proliferates all over the Internet. And for the professionals who are…
- How LA Is Quietly Becoming America's New Industrial Tech Hub · 36 minThe story you hear nowadays is that America is struggling to make things and can't compete with China when it comes to advanced manufacturing. But of course, there's tons of…
- Introducing: Bloomberg Money · 1 minBloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. See omnystudio.com/listener for privacy information.
- A Goldman M&A Banker Helped Bring the Olympics to Los Angeles · 33 minWe're in an era of megadeals, with Goldman Sachs reporting a record year for big deal volumes as companies scramble to compete with AI. Gene Sykes has seen multiple deal cycles…
- There's a Mind-Boggling Number of Rich People in America · 60 minIn 2014, the economists Owen Zidar and Eric Zwick were asked by the Treasury to conduct a study on the tax burden of private business owners. It was tricky to figure out how much…
- What Francis Fukuyama Is Seeing at 'The End of History' · 54 minFrancis Fukuyama's essay “The End of History?” was published in the summer of 1989, a few months before the fall of the Berlin Wall. The essay's argument — that liberal democracy…
- OpenAI President Greg Brockman on Doing Business in the Wake of Hugging Face · 1 h 2 minAccording to OpenAI President Greg Brockman, the models that escaped their sandbox and hacked into Hugging Face's servers had yet to go through alignment training. That they were…
- Robert Friedland on the World's Monumental Shortage of Copper · 1 h 9 minCopper demand is booming, with the metal surging another 15% this year. Copper demand has always been tightly linked to economic activity, but now it's in overdrive, thanks to…
- Why Bridgewater's CIO Says AI's Human Extinction Risk Is Real · 1 h 5 minGreg Jensen was one of the earliest backers of both OpenAI and Anthropic, and at Bridgewater Associates, where he is the managing chief investment officer, he leads the hedge…
- The Rise of Organized Retail Crime at Big Box Stores · 53 minIf you walk into a local pharmacy in New York City, more likely than not, lots of the merchandise is locked behind closed doors as a measure to mitigate shoplifting. So how big…
- Why Money Launderers Love $100 Bills · 55 minHardly anyone nowadays seems to carry much cash, never mind carrying around a bunch of $100 bills. So why does the amount of physical cash in circulation — especially big…
- Why Laser Beams Are the Hottest New Tech in Defense · 53 minOur guest today is Colonel Sanders. More precisely, we speak with Wayne Sanders, a retired US army colonel who is currently senior defense research analyst for Bloomberg…
- What's Behind the Big Surge in US Government Bond Yields · 37 minGlobal bond yields are at their highest level since 2008, with the 30-year US Treasury touching 5% just before Treasury Secretary Scott Bessent announced a surprise increase of…
- Adam Posen Thinks Things Could Get Very 'Messy' for the Fed · 60 minKevin Warsh gave a hawkish speech at this year's annual Kansas City Fed Symposium in Jackson Hole, but that doesn't mean the challenges are over. Will the Fed actually pull the…
- Richmond Fed’s Tom Barkin on the Surprisingly Resilient Real Economy · 31 minThe implications of Fed Chair Kevin Warsh's Jackson Hole speech are pretty clear: Traders expect a rate hike given the hawkish hints littered in his address, largely focused on…
- Austan Goolsbee Is Worried the Economy Is Overheating · 47 minInflation remains high and the 2% target is farther away than it was this time last year. There are signs all over that the economy is overheating — the strange labor market…
- Kansas City Fed President Jeffrey Schmid on the First Jackson Hole of the Warsh Era · 29 minWe are back in Jackson Hole! And this year's Federal Reserve Bank of Kansas City symposium on monetary policy might be one of the most interesting editions in years. It marks the…
- The Nigerian Industrial Behemoth That Could Reshape the African Economy · 58 minEarlier in August, it was reported that Nigeria's Dangote Refinery secured a $1 billion underwriting for its upcoming stock market listing, which is set to become Africa's…
- Jasmine Sun on What the AI Industry Got Wrong About the Public Backlash · 52 minWithin the AI industry, even the builders of it have been very anxious about the technology. They've talked for years about its potential to create destabilizing job losses. They…
- Nick Bostrom on What Happens if AI Solves All of Our Problems · 56 minThe philosopher Nick Bostrom was one of the first thinkers who mapped out the existential risk of AI. In his 2014 book, Superintelligence: Paths, Dangers, Strategies, he delved…
- What the OpenAI-Hugging Face Hack Really Tells Us About AI Danger · 60 minScenarios that used to be the domain of sci-fi writers are coming true. We have machines that can talk. We have machines that are capable of ignoring the intent of their…
- A Historic El Niño Is Coming That Could Cost the World Trillions · 56 minEvery few years, weather nerds and agriculture analysts will talk about an upcoming El Niño, and then they mostly pass by with relatively few headlines. But sometimes El Niños…
