Behind the Money

Chris Kay, a Mumbai-based correspondent, dives into the booming Indian equity market, which has doubled in just five years. He discusses the influx of young domestic investors, inspired by dramatic success stories, leading to fears of a possible bubble. Kay highlights the challenges posed by unregulated finfluencers and the risks they bring to new investors. He also addresses broader economic implications, including inequality and employment, as the market experiences unprecedented growth amidst regulatory scrutiny.

Sir Angus Deaton, a Nobel Prize-winning economist, delves into the evolving landscape of economics, expressing his reconsideration of foundational assumptions. He critiques the narrow focus on efficiency, discussing the intricate dynamics of globalization and poverty with contrasting case studies from India and China. Deaton emphasizes the need for a comprehensive approach to measuring poverty and challenges the effectiveness of randomized control trials. As he navigates through these complex topics, he advocates for an economics that integrates ethics and historical context.

Elon Musk, the visionary CEO of Tesla and SpaceX, joins corporate governance reporter Patrick Temple-West to discuss the skyrocketing pay of executives compared to stagnant worker wages. They delve into the reasons behind this dramatic increase in compensation, scrutinizing the influence of major asset management firms. The conversation addresses the implications of such inequality on corporate culture and employee morale. With insights on Dodd-Frank's role in transparency, they're raising vital questions about fairness and accountability in the corporate world.

Recent Supreme Court decisions are changing rulemaking power, worrying US businesses despite CEOs' preference for less regulation. The impact on businesses, regulatory practices, and compliance costs is discussed. The podcast also explores the future of federal agencies, potential consequences of decreased regulatory power in the US, and insights into the premium spirits market.

The FT’s chief UK business correspondent Michael O'Dwyer analyzes the expectations of City of London executives from the newly elected Labour government. Topics include the role of the UK's financial services sector, challenges post-Brexit, city executives' perspectives on regulations, and expectations from the new government for stability and reform.

Discover the challenges and successes of Formula One in capturing the American sports market, with a focus on the impact of the Netflix series Drive to Survive. Explore the strategic changes in ownership and marketing tactics to attract new fans, including creating festival atmospheres and aiming for Super Bowl style events at races. Learn about the balance between showmanship and tradition, as well as efforts to engage younger and female demographics.

Brooke Masters and Antoine Gara discuss BlackRock's game-changing acquisition of Global Infrastructure Partners, explaining the significance of the deal for Wall Street. They delve into the evolution of private investments, highlighting the shift towards mainstream finance and the implications for the private capital industry.

Exxon Mobil's massive oil discovery in Guyana is transforming the country, raising concerns about wealth distribution and corruption. Tensions with Venezuela over oil fields are escalating, while local entrepreneurship in the oil industry is on the rise. The podcast explores the potential benefits and challenges of Guyana's oil boom.

The FT’s US banking editor, Joshua Franklin, discusses the clash between US banks and regulators over the proposed Basel III Endgame rules. Banks worry about potential harm to Americans, while regulators emphasize the need for safer banking practices. The podcast explores the impact of new regulations post-2008 financial crisis, the ongoing conflict between banks and the Fed, and the anticipation for changes in Basel III Endgame rules.

FT's China tech correspondent Eleanor Olcott discusses Shein's stalled IPO plans due to its ties with Beijing. Shein considers shifting focus to London for IPO listing amid US-China tensions. The podcast explores challenges faced by Chinese tech companies amid geopolitical issues and how alternative markets like the UK are being explored for IPOs.