Aiden Reiter, the newest writer for the Unhedged newsletter and a Mandarin speaker, joins Katie Martin to dive into China's latest stimulus package aimed at boosting the economy. They discuss the immediate surge in the stock market and the critical question: can this initiative spur domestic spending? The conversation also touches on the challenges within the property sector, investor sentiment, and the implications for global markets, illustrating the complex dynamics at play in China's economic landscape.

Aiden Reiter, a partner in the Unhedged Newsletter, and Oliver Barnes, the Pharmaceuticals correspondent for the Financial Times, dive into the soaring stock prices of Eli Lilly and Novo Nordisk, with increases of 750% and 360%, respectively. They discuss the booming market for GLP-1 weight loss drugs, their societal impacts, and the competitive landscape between these pharmaceutical giants. The conversation also touches on the economic implications of these medications, from high costs to insurance challenges, and the future of diabetes treatment.

In this episode, Aiden Reiter discusses strategies to manipulate the US dollar, including interventions, cooperation with other nations, market tactics, and taxing foreign holdings. The impact on the trade deficit and capital inflows is explored, along with the challenges of affecting the dollar's value. Additionally, there is excitement for tomato season and insights into the French fry market competition.

Aiden Reiter, an expert in economic strategies, discusses the pressing issues in the US housing market. The conversation dives into the alarming rise in home prices and stagnant supply, reflecting on the affordability crisis faced by many Americans. Proposals from political figures like Vice President Harris and former President Trump are scrutinized for their feasibility. The talk also covers challenges posed by local zoning laws and the slow pace of new construction, while offering insights into the complexities of the Turkish equity market and yield curve dynamics.

Jay Powell, chair of the US Federal Reserve, joins Rob Armstrong and Aiden Reiter to dissect the complex relationship between immigration and unemployment. Powell emphasizes that an influx of immigrants can lead to rising unemployment if job creation doesn’t keep pace. The trio also dives into the challenges of capturing accurate employment data for immigrants, particularly undocumented workers. Additionally, they explore China's recent economic stimulus efforts and their potential impact on the struggling stock market.