Bloomberg Talks

Rachel Reeves, the UK's Chancellor of the Exchequer, discusses the need to de-escalate tensions with the US over Trump's trade threats, emphasizing diplomacy over rhetoric. She highlights the importance of the UK-US strategic partnership, Arctic security, and recent trade agreements, while reaffirming the UK's commitment to attracting global talent through waived visa fees. Reeves addresses domestic stability, investor confidence, and outlines her goals for fostering economic reform and openness at Davos.

Finnish President Alexander Stubb, an expert in European and Arctic affairs, unpacks the geopolitics surrounding Greenland and Donald Trump's interest in the island. He shares insights from his direct diplomatic exchanges with Trump, emphasizing the need for de-escalation. Stubb also discusses the potential for peace talks between Russia and Ukraine and warns about Moscow exploiting transatlantic tensions. His optimism on Ukraine's future and predictions about resolving the Greenland situation add a reassuring note to this engaging conversation.

Gary Cohn, IBM vice chairman and former Director of the National Economic Council, shares his optimistic view on the US economy, highlighting strong GDP growth despite geopolitical tensions. He addresses the 'Sell America' trade as a modest reallocation rather than a panic sell-off. Cohn also discusses the significance of choosing a Fed chair aligned with presidential priorities and the impact of AI on capital expenditures. His insights blend market trends with personal anecdotes from his trading floor days, offering a seasoned perspective on economic challenges ahead.

Simon Walls, Executive Director for Markets at the Financial Conduct Authority, discusses exciting reforms aimed at making it easier for retail investors to access corporate bonds, including new rules allowing purchases from just £1. He highlights a pro-competition agenda to increase market participation and improve the UK’s capital-raising efficiency. With a focus on balancing risk and retail protection, Walls emphasizes London's strengths in competitive markets. This visionary approach signals a new era for the City, driven by innovation and inclusivity.

Michael Lohan, CEO of IDA Ireland, shares insights on how recent US tariff threats are wreaking havoc on global trade and investor confidence. He highlights the decision-making paralysis many companies face amidst these uncertainties, drawing parallels to past disruptions. Lohan warns that EU retaliatory measures could harm both sides and emphasizes the need for open dialogue. Despite geopolitical challenges, he celebrates a record year for FDI in Ireland, advocating for innovation and workforce development to navigate the future.

U.S. Representative Katherine Clark, a leading voice on immigration policy and accountability, dives deep into the contentious state of ICE operations in Minnesota. She shares alarming testimonies revealing aggressive tactics used by ICE. Clark discusses the need for accountability measures, such as body cameras and proper training, linked to DHS funding. She expresses concerns about the partisan response and warns that these practices could become a national issue. Clark emphasizes her preference for negotiation over shutdowns, highlighting the broader implications on communities.

Max Verstappen, the four-time Formula One World Champion and lead driver for Oracle Red Bull Racing, shares insights from his thrilling racing career. He reflects on a tough comeback season and welcomes major F1 rule changes, showcasing Red Bull's preparations. Excited about a new partnership with Ford, he discusses team heritage and future ambitions in endurance racing. Max also explores the role of sim racing in driver development and his ongoing friendship with competitor Lando Norris. He emphasizes racing for enjoyment and setting no specific targets.

Daron Acemoglu, a Nobel laureate and economist from MIT, dives deep into his 'Unified Theory of Trump' with hosts Carol Massar and Tim Steneovec. He argues that Trump’s strategies focus on centralizing executive power while undermining institutional norms. Acemoglu discusses how past norms constrained leaders and examines the weakening of the judiciary under Trump. He warns that this erosion could have dire economic consequences, resulting in reduced transparency and fostering future arbitrary power, potentially leading to kleptocracy.

Andrew Ferguson, the Federal Trade Commission Chair, dives into the intricate world of acquihires and antitrust laws. He explains how the FTC ensures compliance for these deals, especially as tech companies now face increased scrutiny. Ferguson also discusses the rising value of AI-related acquihires and their implications for regulatory review. The conversation touches on the importance of fair processes and preparation for enforcing new legislation against online harms, as well as his commitment to ongoing consumer protection efforts.

Andrew Ross Sorkin, a renowned financial journalist and bestselling author, discusses his latest work on the 1929 stock market crash. He highlights how today's safeguards can prevent a similar disaster but warns about potential policy mistakes. Sorkin also explores the role of technology in accelerating bank runs, the dangers of private credit, and the impact of social media. He delves into wealth inequality, Fed independence, and historical influences like Wall Street's astrologer, Evangeline Adams. Ultimately, he advocates for humility over hubris in today’s market.