Wall Street Week

Larry Summers, former Treasury Secretary and Harvard professor, sheds light on the complexities of tariffs, reflecting on their economic consequences and potential impact on current policy. He also proposes the idea of a U.S. sovereign wealth fund, discussing its benefits and challenges in addressing national debt. The conversation shifts to TikTok, examining its implications for national security and data privacy. Lastly, they tackle the pressing issues of air traffic control, evaluating its modernization efforts and the potential for a nonprofit model to enhance safety and efficiency.

Lawrence H. Summers, former Treasury Secretary and Harvard professor, dives into the complexities of President Trump’s tariffs and their effects on the U.S. economy. He discusses their impact on consumer prices, market confidence, and U.S.-China relations. Additionally, there's a fascinating exploration of the EU’s capital markets with insights from Santander's Ana Botin. The conversation also highlights the growth of private equity in the premium bluefin tuna market, emphasizing sustainable practices and innovative farming techniques.

President Trump’s recent tariff announcements have sent shockwaves through global markets and sparked heated debates. The proposed 10% tariffs aim to reshape trade relationships, particularly with China and the EU. Supporters hail it as a win for American workers, while critics warn of escalating trade tensions and economic repercussions. Insights from political figures reveal deep divides within the Republican Party over these policies. The podcast delves into potential retaliatory actions and their impact on consumer prices and domestic industries.

Zannie Mitten-Bettos, Editor-in-chief of The Economist, discusses the rising tensions between the US and Europe, particularly on defense spending amidst geopolitical shifts. Joe Preston, CEO of New Balance, shares how the brand has revitalized itself through strategic pivots and a focus on U.S. manufacturing. The conversation also dives into the booming $200 billion video game market, highlighting the anticipation around upcoming titles like Grand Theft Auto 6, illustrating the industry's balance between creativity and commercial success.

Dive into the latest stock market movements, exploring the highs and lows of popular companies. Gain insights into the performance of key players in the aluminum and steel industries. Discover the challenges confronting crypto companies and stay ahead with quick updates on essential market trends. Perfect for those looking to enhance their investment knowledge in a snap!

Lawrence H. Summers, former U.S. Treasury Secretary, critiques President Trump's economic policies as self-inflicted wounds. He delves into the tension between government drilling initiatives and the oil industry's hesitance to ramp up production due to market pressures. Scott Sheffield, CEO of Pioneer Natural Resources, discusses the complexities of energy policy amid inflation challenges. Both guests highlight the risks of blindly following trends in economic and energy strategies, urging a more nuanced approach to policy-making and production.

This week, we look at five years since Covid-19...what has changed? What did we expect would change? And, how did different governments' pandemic restrictions affect their economies? Plus, did you ever wonder what CEOs do after they retire? We sit down with former Netflix CEO Reed Hastings on his new ski town.See omnystudio.com/listener for privacy information.

Elizabeth Economy, a Senior Fellow at the Hoover Institution, dives into China’s economic hurdles and its strategic shifts during the two-sessions meeting. She explores the dual circulation policy and the country’s drive for innovation amid U.S. competition. The discussion shifts to the booming investment landscape in women’s sports, spotlighting leagues like the WNBA and NWSL, driven by rising viewership and sponsorships. Lastly, the role of faith in investments is examined, revealing how personal beliefs are increasingly influencing financial choices.

India's growth story faces complexities as US relations shift. The luxury industry grapples with sustainability and the rise of secondhand retail as potential saviors. There's an intriguing discussion on deregulation and its mixed effects. Plus, the fate of 'zombie companies' is examined, highlighting the struggles and comebacks of brands like Barnes & Noble. Insights into the detection of these struggling firms reveal key financial indicators that could signal their fate.

This week, the discussion dives into the impact of proposed tariffs on U.S. automakers, sparking concerns over job losses and financial strain. There's a critical look at whether the Inflation Reduction Act has truly lived up to its promises. The conversation extends to artificial intelligence, highlighting both its rising potential and the significant hurdles it faces. Insights from Nobel Laureate Geoffery Hinton reveal the pressing need for AI regulation as the tech landscape rapidly evolves.