In the City

At Bloomberg, we’re always talking about the biggest business stories, and no one is bigger than Elon Musk. In this new chat weekly show, host David Papadopoulos and a panel of guests including Businessweek’s Max Chafkin, Tesla reporter Dana Hull, Big Tech editor Sarah Frier, and more, will break down the most important stories on Musk and his empire. Listen wherever you get your podcasts.See omnystudio.com/listener for privacy information.

Andrew Griffith explains on this week's In the City that the British capital can act as an “honest broker” on digital currencies and artificial intelligence. Griffith joins David Merritt for a conversation in New York City, where he was meeting with investors and talking to firms about how London can factor into their futures.See omnystudio.com/listener for privacy information.

This week, the UK government is hosting global leaders and business executives in Bletchley Park, north of London, for the first major meeting on artificial intelligence. But what exactly can Britain contribute when it comes to understanding—and managing—the future of AI?Bloomberg technology editor Nate Lanxon, co-host of the Bloomberg Originals series AI IRL, says the UK effort to get in early on AI regulation is a smart one. He joins this week’s In the City with hosts Francine Lacqua and Allegra Stratton to explain why. See omnystudio.com/listener for privacy information.

On this week’s In the City, we look at Crown Prince Mohammed bin Salman’s vision of regional prosperity, and whether it can survive the Israel-Hamas war. Saudi bureau chief Matthew Martin joins Francine Lacqua at the Future Investment Initiative in Riyadh, with Allegra Stratton and David Merritt joining from London. See omnystudio.com/listener for privacy information.

Rishi Sunak is the latest leader headed to Israel. The Gaza hospital attack “should be a watershed moment for leaders in the region and across the world to come together to avoid further dangerous escalation of conflict,” the UK PM said. But how likely are efforts by Sunak, Biden and other Western leaders to prevent the conflict, which in just 11 days has killed thousands on both sides, from escalating? In this week’s In the City, hosts Francine Lacqua, David Merritt and Allegra Stratton are joined by Bloomberg news director Rosalind Mathieson to try and tackle that question. See omnystudio.com/listener for privacy information.

In his podcast debut, C.S. Venkatakrishnan, Barclays chief executive officer, says stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings. Despite tentative signs of activity returning at the start of September, Venkatakrishnan tells David and Francine that a dealmaking revival is still looking “a little further away.” They also discuss the IPO market, cricket and Taylor Swift.This conversation was taped on Oct. 5, 2023. See omnystudio.com/listener for privacy information.

Are the bulls about to return to Britain? Positive outlooks for UK equities are breaking through the clouds. London Stock Exchange Chief Executive Julia Hoggett says it’s about time. Hoggett also discusses executive pay, saying the UK’s restrictions are hindering companies’ efforts to recruit top talent and undermining a push to make the City of London more appealing to businesses post-Brexit.See omnystudio.com/listener for privacy information.

The pound is notoriously difficult to trade. It’s a “graveyard for G-10 traders,” says Mark Cudmore, senior macro strategist for Bloomberg’s Markets Live blog. When it comes to making calls on the British currency, he says, “people only ever lose money.” Cudmore joins reporter Sofia Horta e Costa on this week’s In the City to try and make sense of why markets are again turning on sterling, just one year after ex-Prime Minister Liz Truss’s spending plans drove the pound to a record low.See omnystudio.com/listener for privacy information.

They say time heals all wounds. But it seems the damage done to the UK economy by Liz Truss’s disastrous mini-budget last year has yet to be forgiven by investors. According to a new Bloomberg survey, about two-thirds of UK finance professionals said an outright win for Keir Starmer’s Labour Party or a Labour-led coalition would be the “most market-friendly outcome.”Senior reporters Phil Aldrick and John Stepek join to discuss the survey and what its findings tell us about the City’s thinking heading into the next general election.See omnystudio.com/listener for privacy information.

A decline in growth in China may take some heat out of the global economy, helping bring down inflation. But a full stop would trigger deep recessions. Bloomberg Economics Chief Economist Tom Orlik joins this week for a conversation on what China's slowdown means for the rest of the world, and in particular the UK.See omnystudio.com/listener for privacy information.