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PODCAST

Everybody"s Business

Bloomberg and iHeartPodcasts

Bloomberg Businessweek brings you a smart and fun chat show about all things...business. Hosted by award-winning business and economics journalists Max Chafkin (author of The Contrarian: Peter Thiel and Silicon Valley’s Pursuit of Power) and Stacey Vanek Smith (former co-host of NPR’s Planet Money and reporter for Marketplace), Everybody"s Business is powered by the unparalleled sources and reporters who bring you Businessweek magazine’s headlines and the stories behind them. The

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All Episodes

47:56

Why Matt Yglesias thinks Mamdani Won't Change New York

Everybody"s Business ·

2025/11/07

Matt Yglesias, author of the Slow Boring newsletter, sits down with Max and Stacey to discuss the recent string of Democratic victories in US elections. The most remarkablehappened in New York City, whereDemocratic socialistMayor-Elect Zohran Mamdani will soon be in charge of one of the global capitals of capitalism. Will Mamdani be able to go through with his ambitious agenda or will he soon realize - like many before him - that being a mayor is more about garbage collection than transforming the

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44:33

Will Horror Gruel Save Hollywood?

Everybody"s Business ·

2025/10/31

Max and Stacey are joined by Leo Feler, an economist with a unique perspective on the Trump administration’s immigration and deportation policies. During a recent renovation project, Feler’s property was raided by federal agents looking to detain workers they believed were in the country illegally. Feler recounts the dramatic incident and explains how raids like these could have a chilling effect on the US economy. Also on the show, Sean Fennessey, chief content officer of The Ringer,

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43:26

Kyla Scanlon Sees Trouble Brewing in the US Economy

Everybody"s Business ·

2025/10/24

Kyla Scanlon visits the studio armed with her three most pressing indicators of the state of the economy. What do we make of all those auto loan defaults? Is Jamie Dimon’s new $3 billion “fortress” a harbinger of fundamental changes in the labor market? And why does an economically anxious population keep on spending? Lots to discuss. Max and Stacey also sit down with David Papadopoulos to talk about the forthcoming, high stakes election in Argentina and try to make sense of the

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2:20

Introducing: The Mishal Husain Show

Everybody"s Business ·

2025/10/22

Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them.Follow the podcast wherever you listen, so you don't miss an episode.https://link.podtrac.com/iu94w2n4See omnystudio.com/listener for privacy information.

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42:19

Meet Polymarket’s $400 Million Man

Everybody"s Business ·

2025/10/17

This week we hear from Domer - a longtime prediction markets junky who has placed more than $400 million worth of bets using Polymarket. At any point he might have 1,000 or more bets on prediction market sites, ranging from wagers of a few thousand dollars to as much as $1 million, roughly the sum he put on Taylor Swift’s new album sales. Plus, Bloomberg Businessweekcolumnist Amanda Mull explains thepremium credit card wars, and we discuss OpenAI'sforthcoming foray into pornography.See

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37:01

Are The Markets Just Gambling Now?

Everybody"s Business ·

2025/10/10

Polymarket is a strange place. You can bet on the price of Ethereum, whether Russia and Ukraine willagree to a ceasefire this year or whothe next French prime ministerwill be. As silly as this might sound, Polymarket is worth $8 billion, according to an investment by the owner of the New York Stock Exchange. This deal comes on the heels of the new partnership between theChicago Mercantile Exchange and sports betting site FanDuel. Now, in addition to betting on wheat futures, you can bet your life

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42:18

Will the Shutdown Lead to DOGE 2.0?

Everybody"s Business ·

2025/10/03

The federal government shut down on Wednesday, which in the near-term probably sounds worse than it is. Yes, 750,000 workers are expected to be furloughed and yes, certain functions including visitorcenters at national monuments and the release of economic data will pause. But functions deemed “essential” are continuing: mail is still being delivered, courts are still open, airport security continues andanimals at the National Zoo are being fed. In other words, you might be forgiven for

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42:25

Wait, What Happened to Argentina’s Economy?

Everybody"s Business ·

2025/09/26

This year came witha promising start for Argentina. Inflation seemed under control, investment was coming back, double-digit poverty was (according to the government)beginning to falland President Javier Milei—the chainsaw wielding, leather jacket-wearing, self-described libertarian—was being hailed by supporters as a tough-love leader bringing the country’s economy back from crisis. Milei also became a favorite of fellow political travelers to the north, namely Donald Trump and

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36:01

Is the Fed Really That Independent?

Everybody"s Business ·

2025/09/19

On this week’s episode of Everybody’s Businesswe're joined by Rohit Chopra, former director of the now largely kneecapped Consumer Financial Protection Bureau. He argues that Trump’s efforts to apply political pressure to the Fed present an opportunity to scrutinize the central bank’s decision-making. Chopra points out that the Fed’s governors, who tend to either come from academia or Wall Street, originally came from a more eclectic array of backgrounds—with

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38:09

Where Did the 1,000,000 Jobs Go?

Everybody"s Business ·

2025/09/12

Not that long ago the US economy was wrestling with an interesting problem: jobs data looked very strong with historically low unemployment and historically low firings, but people didn’t feel good about the economy. The dissonance became known as the “vibecession” and was the topic of many economic and policy debates. The question was: Why do people feel bad about the economy when the economy is actually doing great? With help of revised data, we now know that the vibes were

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44:25

The Business of KPop Demon Hunters

Everybody"s Business ·

2025/09/05

This week we are joined by journalist and cultural commentator Sam Sanders, of theSam Sanders Show, to unpack the lessons Hollywood is learning from its latest unexpected success: mega-viral sensation Kpop Demon Hunter. We discuss how Sony lost out on much of the movie's profits when it signed over the rights to Netflix–though arguably helped preserve its business during the Covid downturn by doing so–and how the success of KPop Demon Hunters at least partly vindicates Netflix CEO Ted

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33:54

Fed Wars, Logo Wars and Love (Taylor’s Version)

Everybody"s Business ·

2025/08/29

This week onEverybody’s Business from Bloomberg Businessweek, Editor Brad Stone and Stacey Vanek Smith talk Fed independence, Cracker Barrel, as well as the upcoming wedding that’s already moving markets.See omnystudio.com/listener for privacy information.

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40:22

Will AI Crash the Economy?

Everybody"s Business ·

2025/08/22

What does it say about the prospects for an artificial intelligence “golden age” that some of those who most enthusiastically predicted it are now tamping down expectations? Earlier this week, in what looked like damage control over the release of a new version of ChatGPT, OpenAI Chief Executive Officer Sam Altman said investors have been inflating a speculative bubble in AI. He predicted “someone’s going toget burned.” Altman and other AI insiders seem more or less

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36:46

Trump's Hands On Economy, Is Sports Betting Ruining...

Everybody"s Business ·

2025/08/15

Donald Trump has been back at the White Housefor little more than 6 months, but his mark on the US economy has been profound. If Adam Smith’s “invisible hand” was a symbol of the unfettered free market, the Republican president’s approach should perhaps be described as very hands on.This week on Everybody’s Business from Bloomberg Businessweek, Max Chafkin and Stacey Vanek Smith explore some of the industries being, well, handled by Trump. Trump’s latest

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39:42

Trump’s War on Data and Rise of the Pricing Bots

Everybody"s Business ·

2025/08/08

Donald Trump’s decision to fire the commissioner of the Bureau of Labor Statistics, Erika McEntarfer, apparently in retribution for a report that showed slower job growth, was without precedent in recent US history. This week on Everybody’s Business we explore why presidents—at least since Richard Nixon—have left the BLS alone, and we hear from former BLS commissioner Erica Groshenon how exactly that data is collected. According to Groshen, the recent downward revisions in

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34:32

Trump's 4D Chess, Your North Korean Coworker, and...

Everybody"s Business ·

2025/07/31

It was a packed week for the US economy: jobs numbers, an interest rate announcement from Federal Reserve Chair Jerome Powell, consumer confidence dataand a tariff deadline. Topping the list was gross domestic product, the sum total of goods and services the economy produces—generally considered the measure of growth. After months of tariffs (and Donald Trump’s constantly shifting positions on them), many economists were predicting the US economy would be showing signs of strain. It

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37:32

Dude! They Killed Colbert!

Everybody"s Business ·

2025/07/25

After 10 years, CBS announced it was cancelling Stephen Colbert’s Late Show. This coincidentally came on the heels of his humorous excoriation of parent company Paramount’s $16 million deal with President Donald Trump over what the Republican claimed was bias in the editing of an interview with then-Vice President Kamala Harris. CBS journalists denied the allegation and legal experts said Trump’sclaim was dead on arrival in court. Colbert meanwhile referred to the payment as a

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35:42

Trump's Fed fight, Staycations, and Etsy Witches

Everybody"s Business ·

2025/07/18

On the morning of July 16, a White House official told Bloomberg News that President Donald Trump was preparing to fire Federal Reserve Chairman Jerome Powell. Such a firing would potentially be illegal (as the Supreme Court recently noted) and underminedecades of goodwill that Fed policymakers have built up with investors.Trump quickly took the threat back, while making it clear he might still try to dismiss Powell, ostensibly based on alleged overspending on a renovation of the central

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30:44

Pricey Copper, Bummed Consumers and a Bee Mystery Solved

Everybody"s Business ·

2025/07/10

On Tuesday, seemingly off the cuff, US President Donald Trump suddenly threatened a 50% tariff on copper. The reaction from markets waspredictably strong, leaving metal distributors scrambling to get deliveries across the border. In this week’s episode of Everybody’s Business, Bloomberg economicsreporter Joe Deaux joins hosts Max Chafkin and Stacey Vanek Smith to discuss Trump’s latest musings,how complicated a rewiring of the copper supply chain might be and the stark challenges

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29:56

The Big Beautiful Bill & The U.S. Enters Its Middle...

Everybody"s Business ·

2025/07/04

Happy 4th of July! The U.S. turns 249 this year and there are plenty of economic fireworks to ring in the birthday. After a long and winding road through Capitol Hill, the “Big Beautiful Bill”is poised to be signed by President Trump. The bill is largely an extension of Trump’s 2017 tax cuts, and it will have big — and not entirely beautiful — implications for U.S. businesses. In this week’s episode of Everybody’s Business from Bloomberg Businessweek, hosts

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