In the City

President Joe Biden announced Sunday he’s no longer seeking the Democratic Party’s nomination, saying his exit from the race was in the best interests of his party and the country. He then threw his support to his running mate, Vice President Kamala Harris. But is it as simple as that? Will Harris receive her party's nomination? Is she the best person the Democrat's have to take on Donald Trump? And does the market's mild response to the news suggest many think a Donald Trump victory is still the most likely outcome?Hosts Stephanie Flanders and Adrian Wooldridge explore those questions. Plus, we bring you an episode from our sister show the Big Take -- Gregory Korte and Laura Davison, who cover money and politics for Bloomberg, discuss Kamala Harris’s fundraising edge and how Democratic donors are reacting to the news. See omnystudio.com/listener for privacy information.

Chancellor Rachel Reeves joins Francine Lacqua for an interview on her first visit to the City of London since taking over. She warns of 'difficult decisions' ahead as she tries to fix Britain's public finances. Plus, senior reporter Phil Aldrick debriefs on their conversation. See omnystudio.com/listener for privacy information.

What could a second Donald Trump presidency look like, should he defeat US President Joe Biden in November, and how could the Republican’s policies shape markets and the world economy?We discuss with Elbridge Colby, a member of the first Trump administration and potential National Security Advisor if there’s a second one. Also on this episode, a conversation with Bloomberg political correspondent Nancy Cook, who joins from the Republican National Convention in Milwaukee. And finally, Bloomberg Editor in Chief John Micklethwait discusses his column on what lessons the Republicans could glean from the recent defeat of the Conservatives in the UK. See omnystudio.com/listener for privacy information.

In her first major speech as Chancellor of the Exchequer, Rachel Reeves laid out the new Labour government’s plan to spur private investment. On this week’s episode of In the City, hosts David Merritt, Francine Lacqua and Allegra Stratton talk with reporter Joes Mayes about the details behind the blueprint and whether Reeves and her boss, Prime Minister Keir Starmer, have what they need to pull it off. See omnystudio.com/listener for privacy information.

From the Paris Bureau, host Stephanie Flanders speaks with Jean-Claude Trichet, former European Central Bank president and Bank of France governor, Bloomberg Opinion columnist Lionel Laurent, and Eleonora Mavroeidi, an economist for Bloomberg Economics, to debrief on the election results. "The worst has been avoided," says Trichet, but now France must embark on a "very complex maturing process."See omnystudio.com/listener for privacy information.

In a special edition of Voternomics, the former CEO of Legal & General Nigel Wilson urges the new UK government to be bold and act fast. He speaks with host Stephanie Flanders and Bloomberg Editor-in-Chief John Micklethwait.See omnystudio.com/listener for privacy information.

Ruchir Sharma, founder and chief investment officer of Breakout Capital Partners, joins to discuss his new book What Went Wrong with Capitalism?, which argues that an “obsession” with mitigating risk is kneecapping economic growth. See omnystudio.com/listener for privacy information.

Abrdn Chairman Douglas Flint joins this week to explain why he thinks the new government needs to build up transportation and education. Senior reporter Phil Aldrick also joins to discuss the sort of economy Labour will inherit if it wins this week's election. Hosted by Stephanie Flanders, Adrian Wooldridge, and Allegra Stratton. See omnystudio.com/listener for privacy information.

On this special episode of Voternomics, Tim O’Brien, senior executive editor of Bloomberg Opinion and author of TrumpNation: The Art of Being the Donald, and Bloomberg Big Take podcast host David Gura join host Stephanie Flanders to discuss the US presidential debate on Thursday night, including President Joe Biden’s poor performance, Donald Trump’s repeated falsehoods, the lack of fact-checking and how it all will shape the future of the race.See omnystudio.com/listener for privacy information.

Alex Baldock joins to share his take on a Labour government’s policies and their impact on business.See omnystudio.com/listener for privacy information.