Trump Economic Advisor, Stephen Miran, on Tariffs and Tax Cuts
The Trump administration seems to have a lot of big ideas about reshaping America, including its economy. We've seen the unveiling (and delaying) of sweeping tariffs aimed at boosting US manufacturing. The 'Big, Beautiful Bill' is currently working its way through Congress and features a lot of supply-side economic ideas, including an extension of tax cuts. So do all of these things work together to boost growth? What happens if that growth doesn't materialize? What is the administration's ultimate vision for the US economy? And what are they seeing right now in terms of things like inflation and employment? We speak with Stephen Miran, Chair of the Council of Economic Advisers at the White House.See omnystudio.com/listener for privacy information.
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Ricardo Hausmann on What it Takes to Win a Trade War
The focus of Trump's trade policies is clearly China. There are tariffs on everyone, of course, but it's the growing Chinese manufacturing might, and the various perceived risks associated with that, which have catalyzed this impulse to rethink how America trades with the rest of the world. But can the US actually move the manufacturing center of gravity? On this episode we welcome back Harvard Professor Ricardo Hausmann. We've had him on before to talk about the importance of economic complexity -- the capacity to build complex things -- in measuring the wealth of nations. On this episode we use that lens to discuss tariffs and the trade war, and the risks that the new administration's policies will play in reducing our capacity to build the most advanced things. Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox now delivered every weekday plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlotsSee omnystudio.com/listener for privacy information.
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Vladislav Zubok on What the Cold War Actually Was
These days, it's common to talk about the emergence of a New Cold War that exists between the US and China. It's debatable whether or not this is a useful framing. But in order to answer the question, it requires that you have some conception of what the original Cold War actually was. Vladislav Zubok, a professor at the London School of Economics, has a new book out on exactly this question. In The World of the Cold War: 1945-1991, Zubok attempts to explain how we should understand this period, which he sees as both an ideological battle, as well as a geo-strategic one — and also a battle that the two main actors (the US and the USSR) saw very differently at the time. In addition to understanding the contours of that tension, we discuss its applicability today, as the new administration attempts to re-arrange our relationship with China and the Middle East, as well as other rivals, allies, and partners.Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlotsSee omnystudio.com/listener for privacy information.
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Introducing: Everybody's Business
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 show gives listeners a window into the discussions happening in boardrooms, Zooms and group chats in power centers around the world. From interpreting Fed meetings to the business of wolf cloning, each week Max, Stacey and their friends at Bloomberg Businessweek guide listeners through what really went on during the last week from Wall Street and Main Street. Because what’s happening with money and markets is everybody’s business.See omnystudio.com/listener for privacy information.
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A Major American Egg Farm Just Lost 90% of its Chickens
Egg prices have come down a lot since their recent record and bird flu has largely faded from the headlines. But the epidemic is still raging and, per one farmer, risks becoming endemic in the US. Glenn Hickman is president of Hickman's Egg Ranch in Arizona, one of the largest egg producers in the US. You might remember him from our series last year, Beak Capitalism, in which we explored some of the thorniest issues facing the US economy through the medium of chickens. Well, news from the Hickman farm since then hasn't been good. A bird flu outbreak has led to the destruction of 90% of Glenn's chicken stock. We talk about the impact on Glenn's business, egg prices, and why the US isn't vaccinating its chickens.Check out Beak CapitalismRead more: To Understand America’s Egg Crisis, Look to China’s Pork Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlotsSee omnystudio.com/listener for privacy information.
Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.
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