In the City

Be in the know this election with Bloomberg Podcasts. Follow Bloomberg News Now for up-to-the minute election results, all night long. And go deeper with The Big Take podcast, featuring in-depth global analysis of the US election every day this week. See omnystudio.com/listener for privacy information.

On this episode of Voternomics, hosts Allegra Stratton and Stephanie Flanders discuss decisions by US executives not to endorse either Vice President Kamala Harris or Donald Trump in the presidential election. From Warren Buffet to the Jeff Bezos-owned Washington Post, Charles Elson, founding director of the Weinberg Center for Corporate Governance,  argues such displays of impartiality are a “return to the tradition.” Bloomberg Businessweek senior writer and Elon, Inc. podcast contributor Max Chafkin also joins this episode to explain Elon Musk’s devotion to Trump and the potential consequences for his company and the country. What is Tesla set to win or lose in this election? And will Musk be given a government role by Trump should he win? See omnystudio.com/listener for privacy information.

Since her appointment as Chancellor of the Exchequer in July, Rachel Reeves warned that the Autumn Budget would be full of tough measures, including steep tax hikes and spending cuts meant to address the budgetary morass left behind by the last government. Her warnings were followed by a decline in business and consumer confidence, an uptick in voluntary liquidations and even some reports of capital flight.  Now that the budget has been revealed, Bloomberg reporter Philip Aldrick tells In the City her warnings may have undersold the historic nature of the Labour government’s first financial statement.   See omnystudio.com/listener for privacy information.

On this episode of Voternomics, we discuss former US President Donald Trump’s self-proclaimed favorite word: tariffs. While mainstream economists warn that hiking taxes on certain imports is bad for business, not everyone appears to be of the same mind. That became evident last week during Bloomberg News Editor-in-Chief John Micklethwait’s interview of Trump before the Economic Club of Chicago. The crowd’s enthusiastic reaction to the Republican presidential candidate’s talk of tariffs suggested that many of America’s Midwest businesspeople might take a different view. Hosts Stephanie Flanders, Adrian Wooldridge and Allegra Stratton discuss the roots of Trump’s love of tariffs with Micklethwait himself and consider whether an “America First” approach could win short-term gains for some parts of the US economy, even if it undermines global trade and weakens America’s global standing in the long-term.  See omnystudio.com/listener for privacy information.

Entrepreneur and angel investor Rachel Delacour joins Allegra Stratton to discuss why a new EU sustainability law will impact business in the UK and elsewhere.See omnystudio.com/listener for privacy information.

In the immediate aftermath of the 2020 murder of George Floyd by members of the Minneapolis Police Department, countless companies in cities everywhere responded to the worldwide uproar and Black Lives Matter movement by pledging more diversity, equity and inclusion. Bloomberg reporter Tiwa Adebayo, who has been investigating the progress of these initiatives across London, joins In the City to explain what’s happened in the four years since. See omnystudio.com/listener for privacy information.

On this episode of Voternomics. hosts Stephanie Flanders, Allegra Stratton and Adrian Wooldridge are joined by reporter Ailbhe Rea to discuss Stephanie's exclusive interview with UK Prime Minister Keir Starmer at the International Investment Summit in London, and his pushback over capital gains taxes.See omnystudio.com/listener for privacy information.

Former Conservative minister Richard Harrington joins In the City to discuss Labour’s rhetoric and whether the party can bring back foreign investment. Plus, Bloomberg's Caroline Hepker on what the City makes of the government's first 100 days. See omnystudio.com/listener for privacy information.

What will office districts do if back-to-the-office stalls? Canary Wharf Group Chief Executive Officer Shobi Khan explains how his company is revitalizing the famous center of finance on this episode of In the City.  Canary Wharf, Khan tells hosts Francine Lacqua, David Merritt and Allegra Stratton, is no longer the “suit and tie” financial district of ten years ago. What was just blocks of banks now hosts residences, laboratories and cultural destinations, he says, with potential plans for a theater at the base of the HSBC tower. See omnystudio.com/listener for privacy information.

Standard Chartered’s Bill Winters joins David Merritt and Francine Lacqua to talk climate finance, the UK’s Autumn Budget, and European M&A from the United Nations General Assembly. See omnystudio.com/listener for privacy information.

The UK’s new Labour government is pinning its hopes for growth on private investment in everything from green energy to housing, but there’s an unexpected stick in the spokes: Thames Water. Since the debt-ridden water company was declared “uninvestable” by its shareholders in March, foreign investors have been asking: If the monopoly provider of a bare necessity to nearly a quarter of the UK’s population doesn’t yield guaranteed returns, then what does?  On this episode of In the City,  UK economy reporter Philip Aldrick  and corporate finance reporter Abhinav Ramnarayan discuss with host Francine Lacqua how the collapse of what should be a safe investment has spooked foreign investors, and how the new Labour government can woo them back. See omnystudio.com/listener for privacy information.

Ralph Schlosstein, chairman emeritus of Evercore, joins to discuss what Harris and Trump administrations would mean for boardrooms.Plus, crypto reporter Emily Nicolle joins to discuss why former President Donald Trump seems to have had a change of heart on the digital currency he once denounced as a “scam.”See omnystudio.com/listener for privacy information.

Editor Katherine Griffiths and reporter Ben Stupples join to discuss the growing number of the UK's ultra-wealthy people considering an exit, what's driving them away and why the government should care.See omnystudio.com/listener for privacy information.

On this special episode of Voternomics, we discuss whether moods are shifting around US Vice President Kamala Harris and UK Prime Minister Keir Starmer.Hosts Stephanie Flanders, Adrian Wooldridge and Allegra Stratton discuss with special guests Bloomberg Editor in Chief John Micklethwait and Senior Executive Editor of Bloomberg Opinion Tim O'Brien. The episode was recorded in front of an audience as part of an event co-hosted by Pi Capital. See omnystudio.com/listener for privacy information.

London’s luxury real estate market appeared to be in a funk of late—and with little hope of improvement given the looming tax shake-up for the super wealthy. Or so it seemed. An increasing number of US billionaires and multimillionaires have been relocating to the UK, which has changed the landscape, Bloomberg reporter Damian Shepherd joins hosts Francine Lacqua, David Merritt and Allegra Stratton to discuss. See omnystudio.com/listener for privacy information.

Former Trade Representative and Council on Foreign Relations President Michael Froman discusses what the world can expect from Kamala Harris or Donald Trump, and how Harris is breaking from Joe Biden. Hosted by Stephanie Flanders and Adrian Wooldridge. See omnystudio.com/listener for privacy information.

The positive vibes are flowing at the Democratic National Convention, but what about policy proposals? On this special episode of Voternomics, Bloomberg Senior Executive Editor for Economics Stephanie Flanders heads to Chicago to find out how—if at all—a Kamala Harris presidency would alter the US government’s approach to the economy. Flanders spoke with economist Heather Boushey, a member of President Joe Biden’s Council of Economic Advisors who has previously served as president and chief executive of the Washington Center for Equitable Growth. “What I see,” Boushey said, speaking in her personal capacity, “is the vice president putting together an agenda to make sure that the government is working to build the middle class, to make sure that prices are fair, to make sure that people have economic opportunities.”Boushey cited price gouging, taxes and housing as three areas where Harris has discussed her economic plans. “We’ve seen challenges in insufficient housing supply. We’ve seen that it just costs too much for families,” said Boushey, adding that Harris has unveiled policies that would increase housing. She also pointed to the vice president’s statements regarding a “robust plan” to expand the child tax credit. But how will Harris propose that Congress pay for these policies? “She is committed to making sure that we fix the tax system in the US so that it is more fair so that corporations pay their fair share,” Boushey said. About the series: Each week, listen in as Stephanie Flanders, Bloomberg’s head of government and economics coverage, Allegra Stratton, author of Bloomberg’s The Readout newsletter and Bloomberg Opinion columnist Adrian Wooldridge help make sense of the elections that will affect markets, countries and economies like never before. See omnystudio.com/listener for privacy information.

Economists and policymakers have descended on Jackson Hole, Wyoming, this week for its famous, eponymous economic policy symposium. Among those attending are US Federal Reserve Chair Jerome Powell and Bank of England Governor Andrew Bailey. On this week’s episode of In the City, senior reporter Phil Aldrick joins hosts Francine Lacqua and Allegra Stratton to discuss what signals the two men might send on monetary policy plans for the US and UK.See omnystudio.com/listener for privacy information.

Reality TV stars are freezing their eggs on camera. Lawmakers in DC are debating federal protection for IVF. Hundreds of millions of dollars are being invested in slick startups that market fertility treatments for all. But this rapid growth has revealed cracks in the system. Misconception, a new series from Bloomberg’s Prognosis, follows reporter Kristen V. Brown on her own intimate journey as she uncovers the business of fertility. Along the way, she finds a fractured industry — a profit-driven field of medicine that thrives on dueling messages of hope and fear as people gamble everything for a chance at a baby.See omnystudio.com/listener for privacy information.

The aftermath of far-right violence in the UK has triggered some soul searching on the part of social media giants. Google EMEA President Matt Brittin says inflammatory online rhetoric and misinformation like that which followed the stabbing deaths of three young girls requires greater scrutiny.  Brittin joins Francine Lacqua on this episode of In the City. He also discusses what he considers the UK’s emerging advantage in the region following Labour’s landslide victory, and AI's role in the productivity question. See omnystudio.com/listener for privacy information.