In Case you Missed It - Everybody’s Business: Trump Ruins Christmas
Where’s the inflation? With this week’s Consumer Price Index coming in softer than predicted (inflation at its lowest level since 2021, according to government data), a lot of people are wondering why tariffs haven’t pushed prices up. In the debut episode of Everybody’s Business from Bloomberg Businessweek, hosts Stacey Vanek Smith and Max Chafkin tackle President Donald Trump’s trade war, inflation and when the rubber will (if ever) hit the road. Consumer spending columnist Amanda Mull takes Stacey on a tariff tour through Target, explaining why import taxes have yet to show up in inflation data and how you’re likely to see them in the future. It turns out flatscreen TVs, pineapples and mascara will all manifest tariffs in different ways. Mull concludes tariffs could very well ruin Christmas. Then sports reporter Randall WIlliams joins to talk about why private equity has started buying up sports teams. It turns out teams are becoming more valuable as games dominate live television, attracting bigger audiences (and commanding higher ad rates). That’s got private equity sneaking into the game, pumping up prices and injecting billions of dollars into teams. Randall concludes that private equity won’t ruin sports (but Max and Stacey are skeptical). Finally, for the underrated story for the week, we look at the rising trend of rising sneaker soles. Shoe brands are creating ever puffier soles even as racing authorities try to put restrictions in place. Ultramarathoner Max realizes his beloved sport is in the crosshairs of controversy. See omnystudio.com/listener for privacy information.
--------
33:30
An Insider’s View on What Ails Tesla
In this week’s episode of Elon, Inc., host Max Chafkin and Bloomberg Elon Musk reporter Dana Hull sit down with Matthew LaBrot, a former Tesla sales manager who made headlines last week following his departure from the company. LaBrot was the man behind the “Tesla Employees Against Elon” website, which consisted of an open letter from an initially anonymous LaBrot criticizing the company’s multibillionaire CEO. He suggested Tesla would be better off continuing its mission without the South Africa native, his antics and the headlines that follow in his wake. Despite recent reports of the company board also having second thoughts about Musk’s performance as CEO, the company seemingly didn’t agree, and took swift action. On the podcast, LaBrot outlines why he decided to write the letter, how he came to part ways with the company and how Tesla employees handle, or willfully ignore, “the elephant in the room.” As a former sales manager, LaBrot also spells out the internal struggles of the company as sales started plummeting in tandem with Musk’s far-right turn and association with President Donald Trump. Hull and Chafkin also go through a list of additional Musk news from the week. These include a spat with Bill Gates, some good news for the Boring company and the latest example of cross-pollination in the Musk empire: Tesla hardware powering xAI’s supercomputer.See omnystudio.com/listener for privacy information.
--------
35:43
Everybody's Business: Robot Besties, Movie Tariffs and Tales from the Crypto
This week on Everybody’s Business, Max and Stacey explore the future of friendship. With OpenAI and Meta ramping up efforts to give chatbots personalities and emotional intelligence, the hosts ask: could an AI ever truly be your friend? And will this lead to the downfall of humanity? Reporter Sarah Frier joins the conversation. Then, Lights, Camera... Tariffs? President Trump wants to slap massive new taxes on films shot overseas, arguing it’s a national security issue. Bloomberg’s Lucas Shaw stops by to explain what this could mean for the movie industry, how real the threat is, and what this might mean for the movie industry. Finally, for the underreported story of the week, Max and Stacey attempt to untangle an international crypto story. It’s a wild tale of geopolitics, digital cash, and the ever-expanding business of influence.See omnystudio.com/listener for privacy information.
--------
33:46
Elon Just Got His Very Own Town
It’s no secret that Elon Musk isn’t a big fan of the US Securities and Exchange Commission. He and his companies have been the subject of a plethora of investigations and regulatory scrutiny over the years (who can forget the infamous words “funding secured”?), and there’s currently a probe of Musk’s acquisition of Twitter shares. But only recently have Musk’s minions begun to ramp up their efforts to shrink the SEC. And while the “Department of Government Efficiency” has hugely missed the mark in terms of how much Musk claimed it would cut, hobbling the SEC could have profound consequences for Musk’s fortune. On this week’s episode of Elon, Inc., host David Papadopoulos is joined by Bloomberg Businessweek senior writer Max Chafkin, Bloomberg Elon Musk reporter Dana Hull and SEC reporter Nicola White to discuss Musk’s run-ins with the agency and what we can possibly expect from DOGE’s doings. Speaking of eyebrow raising—Musk just scored a big victory in Texas when residents of the small community near SpaceX’s rocket launch site voted to officially incorporate the area as “Starbase.” Bloomberg legal reporter Madlin Mekelburg joins the gang to discuss. To end things, Chafkin has spotted a brewing feud in Musk’s world. No, it’s not the Tesla CEO vs. the Tesla board, it’s Elon Musk vs. his neighbors—and this spat has it all. See omnystudio.com/listener for privacy information.
--------
32:22
Everybody’s Business: Trump's Days 100-104 and The Art of Horse Breeding
In the fifth (top secret) episode of Bloomberg Businessweek’s new podcast Everybody’s Business, hosts Max Chafkin and Stacey Vanek Smith look the first 104 days of the Trump administration--particularly the last 4. Businessweek editor Brad Stone joins to discuss Amazon's face-off with Trump, the GDP's downturn and the resignation of Mike Waltz. Then David Papadopoulos joins from the sidelines of the Kentucky Derby, where he explains why betting on the races is softening and why retirement is often more lucrative for horses than running (and what a retirement it is!). Finally, as the underrated story of the week, Stacey and Max discuss the rise of new media in the White House press corp, including one influencer who famously thought the moon had disappeared after she didn't see it for several days.See omnystudio.com/listener for privacy information.
Elon Musk’s sprawling business empire has granted the billionaire a degree of power and global influence that transcends the industries he’s reshaped. He is the leader of no fewer than six hugely influential companies, spanning electric vehicles to wartime communications, and their innovations could shape the fates of nations.
Musk is polarizing, confounding and inescapable. And he is the biggest business story of our time.
Each week, listen in as host David Papadopoulos convenes a panel of Bloomberg Businessweek journalists who are tracking Musk’s companies and the surprising ways they intersect. They break down the business mogul's latest moves and analyze what they could mean for us all.
España