Here's Why

Kristen Capps, a reporter at Bloomberg CityLab specializing in architecture and urban policy, joins to discuss the controversial demolition of the White House's East Wing. The Trump administration's plan for a massive 90,000-square-foot ballroom raises eyebrows, as it marks the most significant change to the iconic building since 1942. Capps highlights how loopholes allowed the demolition without traditional oversight, sparking debates over legal challenges and the preservation of historic sites. This unexpected alteration brings new questions about the governance of federal landmarks.

John Ainger, an EU energy reporter, sheds light on Europe's challenging journey to phase out Russian gas, which once supplied 45% of the continent's energy needs. He explains how the 2022 invasion accelerated efforts to cut dependence and discusses the economic impacts, including rising energy costs and industrial shutdowns. Ainger also delves into the complexities of EU policy, detailing why an immediate ban is unfeasible due to member-state disagreements. Lastly, he addresses the potential permanence of the ban, contingent on geopolitical stability.

Jenni Marsh, leading Bloomberg's coverage of China's economy and government, dives into the intricacies of China's upcoming five-year plan. She discusses the significant economic challenges like post-pandemic disruptions and the property crisis. Marsh explains how the planning has evolved from strict targets to broader objectives. Key priorities include a focus on high-tech sectors and addressing youth unemployment. She also touches on how trade policies may adjust amidst global tensions, revealing insights into China's future direction.

In this discussion, Stephanie Flanders, Bloomberg's Head of Economics and Government, delves into the rising national debts that are reshaping global politics. She explains how post-crisis debt and higher interest rates are straining budgets in countries like the UK and France. Stephanie highlights the unique challenges each country faces, including the UK's refinancing pressures and France's political uncertainties. She also evaluates the U.S. deficit in light of its reserve-currency status and emphasizes the difficulty politicians have in implementing long-term fiscal reforms.

Kristine Aquino, Markets Live Managing Editor at Bloomberg, dives into the intriguing dynamics of the recent stock market rally. She highlights record highs and strong economic data while revealing a shift in investor sentiment. Caution is emerging as investors hedge against volatility, pointing to options positioning as a sign of unease. Kristine discusses past rally endings and potential triggers for a downturn, including a weakening labor market and a prolonged government shutdown. Insightful perspectives that capture the current market's pulse!

A small toy monster with a toothy grin, known as a Labubu doll, has taken the world by storm, adorning the bags of millions of consumers — including popstar Rihanna and tennis champion Naomi Osaka. Some editions fetch thousands of dollars on resale, and Pop Mart, the Chinese maker of the toys, saw revenue jump over 200% in the first half of the year. But our Asia Global Business Managing Editor Rachel Chang joins Caroline Hepker to discuss how the modern toy trend started, and if it can continue.See omnystudio.com/listener for privacy information.

Recent incursions by Russian drones into NATO airspace had caused alarm across Europe, and triggered a military response from Poland. EU Commission President Ursula von der Leyen has promised a 'drone wall' along its eastern border - but what would it take to build more effective defenses? Our Global Defense Editor Gerry Doyle joins host Stephen Carroll to discuss.See omnystudio.com/listener for privacy information.

President Trump has never failed to hide his dislike for wind farms. He says they massacre birds, cause cancer, and drive whales crazy. But now his attack on renewable power is reshaping the US energy landscape, jeopardizing thousands of jobs, and billions in investment. His administration is stopping wind farms and solar projects, revoking permits, and making every effort to reverse President Biden's green agenda. Rachel Morison, who leads Bloomberg's, Power, Gas, and Renewables Coverage in Europe joins host Caroline Hepker to discussSee omnystudio.com/listener for privacy information.

Donald Trump has never hidden his frustration with the Federal Reserve — and now, back in the White House, his attacks have only intensified. From insults directed at Chair Jerome Powell to threats against Fed Governor Lisa Cook, the president is waging an extraordinary campaign to push the central bank into cutting interest rates.It’s a striking challenge to central bank independence in the world’s largest economy. But could Trump’s unconventional pressure actually work?Bloomberg White House correspondent Catherine Lucey joins host Stephen Carroll to break down what’s at stake for the Fed, financial markets, and the future of US economic policy.See omnystudio.com/listener for privacy information.

Brendan Murray, Bloomberg's trade expert, dives into the recent abolishment of the de minimis exemption that allowed tariff-free imports under $800 for nearly 90 years. He discusses the significant impact on small businesses, shippers, and consumers. With many European postal services halting deliveries to the U.S., he reveals the challenges emerging from the new tariff regulations, including potential delays and increased costs. Plus, Murray introduces Bloomberg's Stock Movers Report for quick market insights.