Steff Chávez, a seasoned Washington reporter, and Alex Rogers, a US business and politics correspondent, dive into the impact of third-party candidates on the 2024 presidential race. They discuss Robert Kennedy Jr.'s independent campaign and how nostalgia could sway voters. The conversation highlights the historical challenges third-party candidates face in a two-party system, along with a humorous take on the ages of current candidates and even a quirky ruling about chicken wings, providing both insight and entertainment.

Evan Gershkovich, a US journalist recently released in a historic prisoner swap, shares insights into the complex negotiations that led to this landmark event. He discusses the implications of the exchange for US-Russia relations and the role of high-profile individuals in brokering the deal. The conversation also touches on the ramifications for global financial markets amid shifting central bank policies, particularly how they are pivoting from inflation control to supporting economic growth, which is vital for investors.

Barney Jopson, an expert on tourism and its socio-economic impacts, delves into the surge in backlash against tourists across Europe, particularly in Spain. He discusses the rising frustrations from locals over rising housing costs and cultural changes due to mass tourism. Jopson highlights the need for sustainable tourism solutions and community engagement. Additionally, tensions between Israel, Iran, and Hezbollah escalate amidst military actions, raising concerns over regional stability and potential broader conflicts.

Hamza Jilani, an expert on South Asian economics, sheds light on the surprising health of Pakistan's banking sector, benefiting significantly from rising government debt. He humorously contrasts this with the dire situation of London’s stock market, which is losing its luster in mining listings. The conversation also delves into Miami's luxury office space boom, marked by soaring rents, as companies flock to this vibrant market amid broader economic uncertainties. The juxtaposition of real estate trends and banking profitability presents a fascinating narrative.

Andy Bounds, an expert in EU trade strategy, dishes on how the EU is prepping for the possibility of a second Trump presidency. He dives into the potential impact on trade dynamics and the existing US-EU trade surplus. Bounds highlights the delicate dance between negotiating trade terms and the looming threat of retaliatory tariffs. He also discusses the risk of a tariff war and its chilling effect on global trade. It's a fascinating look at how political changes could ripple through international commerce.

Investors are shifting focus from big tech to small cap stocks as tech giants like Tesla and Nvidia face significant sell-offs. The Bank of England's upcoming rate decision is crucial as inflation worries loom. Meanwhile, escalating tensions in the Israel-Lebanon conflict are highlighted by a recent Hezbollah rocket attack, sparking varied political responses in Israel. The podcast delves into the complexities of military strategies and Israel's defense capabilities amidst these regional challenges.

In this discussion, Vice President Kamala Harris navigates the complex terrain of identity politics as she considers her candidacy for the Democratic nomination. The conversation highlights her strategic choices, particularly her reluctance to emphasize her race and gender in campaigning. It also delves into her unique challenges within the African American community and the influence of pop culture, particularly endorsements from figures like Charli XCX, on engaging younger voters and shaping her political identity.

Simon Kuper discusses how big infrastructure updates in Paris could reshape the city culturally and politically. Topics include Elon Musk's investment in an AI startup, Venezuela's upcoming election, and Paris' preparations for the Olympics.

FT's Chris Kay discusses the rise of young Indian investors in the stock market, driven by potential high returns and success stories. The podcast also covers Biden's decision not to seek re-election, China-Philippines tensions in the South China Sea, and the tech stock market decline.

FT's Jennifer Hughes discusses investors betting on politics in prediction markets, Tesla's income drop, Trump's potential return to White House, and US Secret Service director's resignation after operational failure. The podcast highlights prediction markets growth, Trump trades reassessment, and regulatory obstacles in the evolving online trading environment.