On this episode of Trumponomics , we focus on US President Donald Trump’s crackdown on immigration, what’s at stake for businesses and the economy, what harm has been done already and whether the administration could change course. Jonathan Levin, a Bloomberg Opinion columnist focused on US markets and economics, and Kate Davidson, Bloomberg’s managing editor for US economic policy, join host Stephanie Flanders to discuss the many consequences of Trump’s signature campaign promise, whether his a...
Jul 02, 2025•23 min
Earlier this month host Stephanie Flanders sat down with Cathie Wood, the founder, CEO and chief investment officer of ARK Investment Management, at the Founders Forum Global conference in Oxford. They were joined by Bloomberg Editor-in-Chief John Micklethwait and Bloomberg TV UK Correspondent Lizzy Burden. Wood gives her take on the 'great rotation' out of US stocks, why she believes investors rebalancing their portfolios, moving away from safe-haven tech stocks and towards riskier investments,...
Jun 28, 2025•24 min
In this episode of Trumponomics , we explore whether Donald Trump’s attack on Iran changes the calculus on his “reciprocal” tariffs and a looming deadline. Host Stephanie Flanders is joined by John Authers, senior editor for markets and a Bloomberg Opinion columnist, and Shawn Donnan, senior reporter covering economics, to discuss how markets have been thinking about the July deadline, and how the multitrillion-dollar price tag for the “big beautiful bill” Trump hopes to get through Congress may...
Jun 25, 2025•26 min
On this episode of Trumponomics , we ask what Israel’s war with Iran, Donald Trump’s public musings about sending America to fight again in the Middle East and a potentially soaring oil price would mean for the US economy—and the 79-year-old Republican’s economic plans. We also address why those high oil prices haven’t yet come to pass. Host Stephanie Flanders is joined by Jennifer Welch, chief geoeconomics analyst for Bloomberg Economics and Ziad Daoud, chief emerging markets economist and seni...
Jun 18, 2025•22 min
Stephanie Flanders leads a panel from the Hong Kong Invest conference to unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand and how far any decoupling of the two economies will go. She's joined by Robin Xing, Chief China Economist at Morgan Stanley, Lotus Asset Management Chief Investment Officer Hao Hong, and Bloomberg reporter Rebecca Choong Wilkins. See omnystudio.com/listener for privacy information....
Jun 11, 2025•31 min
What kind of US economy will emerge from the policies of Donald Trump? Will it be more or less competitive and resilient than what the president inherited at the start of the year? Host Stephanie Flanders put that question to an all-star panel at the Milken conference in May. Here's an edited version of the conversation that followed, featuring Gary Cohn, IBM Vice Chairman, former director of the National Economic Council and former chief economic advisor to Trump; Peter Orszag, CEO and Chairma...
Jun 08, 2025•29 min
This week, we’re checking in on the status of Donald Trump’s trade war. Host Stephanie Flanders is joined by Anna Wong, chief US economist at Bloomberg Economics, for insight into the economic impact of the US president’s policies so far, and Bloomberg White House Reporter Josh Wingrove, who unpacks how the strategy is evolving. They analyze the legal battle over Trump’s tariffs and concern on Wall Street that the trade war could morph into a capital war. See omnystudio.com/listener for privacy ...
Jun 04, 2025•28 min
Framed as a tool to protect American workers, rebalance trade and revive the nation’s domestic industry, the tariffs levied by Donald Trump came with a promise of bold results. On this episode of Trumponomics , Richard Baldwin, professor of international economics at IMD Business School, says the trade war is unlikely to accomplish its stated goals and that the world may very well leave America behind. Imposed unilaterally and outside the guardrails of the World Trade Organization, the president...
May 28, 2025•33 min
Host Stephanie Flanders, Bloomberg’s Head of Government and Economics, leads a panel from the Qatar Economic Forum in Doha to explore the question of what Trumponomics means for the Middle East. It turns out the answer may be—as Donald Trump would put it—a lot of winning. Dina Esfandiary, Middle East geoeconomics lead for Bloomberg Economics, Ziad Daoud, chief emerging markets economist for Bloomberg Economics, and John Micklethwait, Bloomberg’s Editor in Chief, feature on the panel. See omnystu...
May 21, 2025•33 min
We’re stepping back from the recent series of reversals, deals and temporary ceasefires in Donald Trump’s trade war to ask a few questions—namely does the US president have a strategy, and if so how’s it going and what comes next? Stephen Moore, the author of The Trump Economic Miracle and a senior fellow in economics at the Heritage Foundation, and Bloomberg Senior White House Reporter Josh Wingrove join. See omnystudio.com/listener for privacy information....
May 14, 2025•27 min
Historian and commentator Niall Ferguson and CNN host and author Fareed Zakaria join this week’s Trumponomics to place Donald Trump's ambitious plans for the US economy in historical perspective. The conversation was taped at the Milken Institute Global Conference in Beverly Hills. See omnystudio.com/listener for privacy information.
May 07, 2025•26 min
On this episode of Trumponomics , we discuss why India stands to gain from the US trade war with China and the rest of the world. Host Stephanie Flanders speaks with Bloomberg senior editor Chris Anstey and reporter Shruti Srivastava, as well as Bloomberg Economics senior India economist Abhishek Gupta. They look at how India has been able to pull ahead of rivals as the US roils the world, and specifically whether the Republican in the White House may unintentionally be boosting the South Asian ...
Apr 30, 2025•26 min
What are the long-term implications of Donald Trump's attacks on Federal Reserve Chair Jerome Powell? Host Stephanie Flanders is joined by Krishna Guha, vice chairman of Evercore ISI and head of its Global Policy and Central Bank Strategy Team, and Bloomberg managing editor Kate Davidson. “Up to this point, the market has confidence that the Fed will do whatever turns out to be necessary to prevent this initial, very big wave of one-time tariff inflation,” Guha says. “But that’s premised on the ...
Apr 23, 2025•28 min
On this week’s episode of Trumponomics , we speak with economist Nouriel Roubini about the all-out trade war US President Donald Trump has kicked off with China, and why it’s a conflict Chinese leader Xi Jinping might think he can weather—and even win. See omnystudio.com/listener for privacy information.
Apr 16, 2025•26 min
On this week’s episode of Trumponomics, we discuss what the rollout of President Donald Trump’s tariff plan has taught us about the Administration's economic strategy and the future of the US economy. In Trump’s first term, market participants could count on the President adjusting policy if it seemed to be hurting the stock market. Now recession and inflation risks are rising and both the stock market and the US sovereign bond market are flashing red but it’s not clear that the President and hi...
Apr 09, 2025•23 min
US President Donald Trump’s administration said it’s still finalizing plans to unveil what could be a barrage of new tariffs on America’s trading partners around the world. Trump contends he is waging his global trade war to fix a system he considers unfair to the US. On this week's Trumponomics podcast, we’re going to look at this strategy. But rather than analyze the potential economic impact, we instead look at how the world arrived at this moment. Host Stephanie Flanders is joined by Martin ...
Apr 02, 2025•25 min
With President Donald Trump firing independent regulators and killing off advisory committees, David Wilcox, director of US economic research for Bloomberg Economics, and editor Molly Smith discuss why data on the world's largest economy may be next. See omnystudio.com/listener for privacy information.
Mar 26, 2025•28 min
Bloomberg Economics Chief Economist Tom Orlik explores the possibility that the Trump administration is being more strategic than it seems. Orlik offers some historical perspective on Trump’s moves and whether—despite all of the damage inflicted over the past two months—this bumpy road may still take the economy to a better long-term destination. See omnystudio.com/listener for privacy information.
Mar 19, 2025•21 min
This week, we try to understand a possible "Mar-a-Lago Accord" and the views of Stephen Miran, nominee to lead the White House Council of Economic Advisers. Host Stephanie Flanders is joined by Shawn Donnan, senior writer for economics with Bloomberg, and Mark Sobel, the US chairman of the Official Monetary and Financial Institutions Forum. See omnystudio.com/listener for privacy information.
Mar 12, 2025•26 min
Instead of the “Trump bump” we were talking about at the beginning of the year, a combination of mass terminations across the federal government (many of which may be illegal), sweeping tariffs and a whole lot of uncertainty could be leading to a Trump slump. Or is it, as Treasury Secretary Scott Bessent reassured us this week, just a period of transition? That’s the question we tackle on this episode of Trumponomics. Host Stephanie Flanders speaks with Evercore ISI’s Kathryn Holston, who served...
Mar 05, 2025•27 min
Host Stephanie Flanders speaks with Joshua Green, national correspondent at Bloomberg Businessweek , and editor Laura Davison about the likelihood of a shutdown, its consequences for the government and for Americans—and whether anything can stop Musk’s efforts to shrink the government. See omnystudio.com/listener for privacy information.
Feb 26, 2025•22 min
Just as it took the British government a century to catch up to Jonathan Swift’s innovative person-to-person loan program, the U.S. government has been slow to react to crypto, creating bureaucratic and legal hurdles to growth in the industry. But with a new administration and a new Congress, the industry now feels there’s reason to be optimistic that regulatory clarity, and a new chapter in the story of crypto in America, is beginning. This episode is sponsored by Coinbase. See omnystudio.com/l...
Feb 23, 2025•20 min
One month in, Wall Street’s view on Donald Trump is evolving. Guest host Nancy Cook, Bloomberg’s senior national political correspondent, speaks with chief Wall Street correspondent Sridhar Natarajan and finance reporter Hannah Levitt about how finance executives are feeling now. “There is still broadly this palpable optimism,” says Levitt, “but it’s a bit more caveated.” Levitt and Natarajan explain those caveats, discussing what the likelihood of higher volatility throughout Trump’s second ter...
Feb 19, 2025•24 min
On the campaign trail, Donald Trump promised to end Russia’s war on Ukraine in a day. Weeks into his presidency, that hasn’t happened. Now his decision to start negotiations with Kremlin leader Vladimir Putin while demanding Europe bear the brunt of future aid to Ukraine has been met with shock—but not surprise. In a bonus episode of Trumponomics , recorded at the Munich Security Conference in Germany, we discuss the cost of Trump’s about-face on American commitments and whether a continent bese...
Feb 14, 2025•23 min
Bill Dudley, a Bloomberg Opinion columnist and former New York Federal Reserve Bank president, and Bloomberg Economics Chief US Economist Anna Wong join Stephanie Flanders to discuss the Treasury secretary’s plan to reduce the deficit and its collision with economic reality. See omnystudio.com/listener for privacy information.
Feb 12, 2025•27 min
In a live taping before an audience in New York, host Stephanie Flanders was joined by Bloomberg political correspondent Nancy Cook and Bloomberg Opinion Senior Executive Editor Tim O’Brien to unpack the way in which US President Donald Trump is making tariff decisions during his chaotic first few weeks in office, whether he has a plan and who his most influential advisers might be. For the second part of the conversation, Bloomberg TV anchor Katie Greifeld and senior editor Ed Harrison discuss ...
Feb 07, 2025•29 min
This week, we ask what it is exactly US President Donald Trump may be trying to accomplish with his tariff threats and trade wars. Stephanie Flanders, Bloomberg’s head of government and economics, is joined by Anna Wong, chief US economist at Bloomberg Economics, and Bloomberg reporter Shawn Donnan, who covers economics and trade policy, to discuss. See omnystudio.com/listener for privacy information.
Feb 05, 2025•29 min
On this week’s Trumponomics , we look at how Trump's immigration policies will affect the nation’s economy, and especially whether it will be good or bad for American workers. Oren Cass, joins host Stephanie Flanders and Bloomberg Opinion Senior Executive Editor Tim O’Brien. Cass, formerly with the right-leaning Manhattan Institute and founder of the conservative think-thank American Compass, is author of The Once and Future Worker: A Vision for the Renewal of Work in America . See omnystudio.co...
Jan 29, 2025•25 min
The World Economic Forum in Davos, Switzerland, once a hub of globalism and progressive ideals, is now seeing a shift towards embracing the ideology of US President Donald Trump. With CEOs and other business leaders trying to get in line with his views, many are abandoning previous initiatives around equality, diversity, free trade and climate change. On this week’s episode of Trumponomics , we discuss how and why so many of the global elite at Davos are pressing “unsubscribe” on their previous ...
Jan 22, 2025•37 min
Bond market investors have been extremely busy so far this year, pushing up the cost of government borrowing—especially in the US but also around the world. On this, the inaugural episode of Trumponomics , we look at whether recent moves in the bond market are worrying the incoming Trump administration, what effect they will have on a narrowly-split Congress and whether concerns on Capitol Hill may put some of Donald Trump’s agenda at risk. Host Stephanie Flanders, Bloomberg’s head of government...
Jan 15, 2025•22 min
