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Odd Lots
Odd Lots
Bloomberg

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and... more

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Episodes

Jim Caron on the Market Selloff and the Fed's Historic Adjustment

On Wednesday, the Federal Reserve cut interest rates by 25 basis points as expected. But it also raised its inflation... more

20 Dec 2024 · 27 minutes
Nina Achadjian on What It Takes to Win in VC Right Now

The world of startup investing has undergone massive transformations amid the AI boom, changing capital markets, and an intense degree... more

19 Dec 2024 · 42 minutes
This Stove Company Wants to Change How the World Uses Energy

One of the minor culture wars in America has to do with electric stoves. To some, they're more energy efficient... more

16 Dec 2024 · 51 minutes
Tim Latimer on Solving the Financing Problem for Geothermal

Geothermal is a promising technology to provide clean, low-cost, baseload power to the electricity grid. It works by getting heat... more

13 Dec 2024 · 40 minutes
Why You Can't Get a One-Click Mortgage Refi

You can do a lot of things with the click of a button nowadays. You can get insurance, open a... more

12 Dec 2024 · 44 minutes
How the Hedge Fund Magnetar Is Financing the AI Boom

AI software and the hardware that enables it have been hugely popular investments this year. But there have still been... more

09 Dec 2024 · 49 minutes
Ethan Kurzweil on Venture Investing in the Post-ZIRP, AI Era

In the 2010s, we saw an incredible boom in the venture capital space, fueled in part by cheap capital as... more

06 Dec 2024 · 46 minutes
Nouriel Roubini's Vision for a New Safe Haven Asset

For years, investors have relied on the classic 60/40 portfolio of stocks and bonds. The idea behind this was simple:... more

05 Dec 2024 · 45 minutes
Goldman's Hatzius and Kostin on Markets and Macro in 2025

It's trite to say that there is a high degree of uncertainty right now, for macro forecasters and investors. It... more

02 Dec 2024 · 53 minutes
Lots More on the Coming 20-Year Storm with Viktor Shvets

The election of Donald Trump, with his promise of more tariffs and a much tighter stance on immigration is a... more

29 Nov 2024 · 27 minutes
How Oaktree's Head of Sourcing Finds the Next Great Deal

When it comes to credit investing (or really any investing), there's an analytic art in deciding the right price to... more

28 Nov 2024 · 49 minutes
Inside the Blood Sport of Creditor-on-Creditor Violence

In the Zirp era of the mid-2010s, credit markets were booming and investors were clamoring for anything that would produce... more

25 Nov 2024 · 43 minutes
The Harvard Endowment Is on the Verge of Losing Its Crown

For years, the Harvard Endowment has easily been the largest endowment of any university. But as of right now, it's... more

22 Nov 2024 · 37 minutes
Odd Arne Westad on how China First Joined the Global Capitalist Economy

How did China become the economic behemoth that it is today? One pivotal moment was, obviously, it's ascension into the... more

21 Nov 2024 · 45 minutes
How Fraudsters Are Bilking the Government Out of Billions of Dollars

After his victory, Donald Trump announced that Elon Musk and Vivek Ramaswamy would be leading up a new Department of... more

18 Nov 2024 · 45 minutes
Beak Capitalism, Part 3: Un-Clucking the System

In the final episode of our special three-part series exploring the US economy through the chicken industry, we’re taking a... more

17 Nov 2024 · 34 minutes
Beak Capitalism, Part 2: The Chickenization of Everything

The Odd Lots team is analyzing the US economy through the lens of chicken. In this second episode of our... more

16 Nov 2024 · 36 minutes
Beak Capitalism, Part 1: Chickflation

Everybody loves chicken. And, it turns out, that this humble bird can tell us quite a lot about the way... more

15 Nov 2024 · 35 minutes
Richard Clarida on This Tricky Moment for the Federal Reserve

Last week the Federal Reserve opted to cut interest rates by 25 basis points, which was what the market expected... more

14 Nov 2024 · 43 minutes
Introducing: Beak Capitalism, presented by Odd Lots

In this limited series, Odd Lots explains some of the thorniest issues facing the US economy through the medium of... more

13 Nov 2024 · 1 minute
Can You Ever Actually De-Risk The Banking System?

Over the last roughly 15 years, we've seen a migration of certain types of risks outside of regulated deposit-taking banks.... more

11 Nov 2024 · 34 minutes
Max Read on how the Internet Got Infested With Garbage

There was a a point in time when Twitter used to be good for breaking news. Social media outlets like... more

08 Nov 2024 · 36 minutes
Harley Bassman on Trump, the Fed, and the Bond Market

The US election is over and Donald Trump has won a second term as president. Stocks have rallied on Trump's... more

07 Nov 2024 · 24 minutes
Odd Lots Live: What to Watch on Election Night and Beyond

It's Election Day in the US, so there's no need for any real explanation of what's at stake. Last night... more

05 Nov 2024 · 1 hour, 16 minutes
Listen Now: US Election Coverage on Bloomberg Podcasts

Be in the know this election with Bloomberg Podcasts. Follow Bloomberg News Now for up-to-the minute election results, all night... more

04 Nov 2024 · 1 minute
Ezra Klein On the Legacy of Bidenomics

The Biden administration has overseen a revival of so-called industrial policy in a way that we haven't seen in years.... more

04 Nov 2024 · 41 minutes
What the Nuclear Power Revival Means for the Price of Uranium

There's something of a uranium cult out there: the investors and traders who believe that nuclear is the future of... more

01 Nov 2024 · 44 minutes
Big Take Asia: The US Pledged to Contain China’s Tech Ambitions. It’s Not Working.

China is making steady progress in its quest to dominate key industries of the future, despite years of US tariffs,... more

01 Nov 2024 · 15 minutes
Years of Restrictions Didn't Slow China's Quest for Tech Dominance

In 2015, China identified several key industries of the future for which it aimed to compete at the technological frontier.... more

31 Oct 2024 · 42 minutes
Why Home Insurance in Florida Is a Mess

Florida has been struck by two big hurricanes this year, setting off a wave of damage and, of course, new... more

28 Oct 2024 · 43 minutes
Listen Now: The Deal with Alex Rodriguez and Jason Kelly

When sports, business and culture collide, there’s often a deal to be made. Join Alex Rodriguez and Bloomberg correspondent Jason... more

27 Oct 2024 · 1 minute
Lots More on the Ongoing Mess That Is Boeing

Shares of Boeing, America's biggest aerospace manufacturer, have plummeted 40% so far this year. The company is facing a string... more

25 Oct 2024 · 21 minutes
How Banks and Private Credit Became the Best of Frenemies

By now, everyone knows that private credit is a hot market. What's less known is that banks want in on... more

24 Oct 2024 · 42 minutes
Why Mortgage Rates Went Up After the Fed's Big Cut

On September 18, the Federal Reserve kicked off the cutting cycle by reducing overnight rates by 50 basis points. Since... more

21 Oct 2024 · 35 minutes
Meb Faber on the Big Bear Market in Diversification and Tactical Allocation

For decades, investors have been told that diversifying is a good thing. You should hold a basket of stocks across... more

18 Oct 2024 · 50 minutes
Richard Koo and Zichen Wang on What Just Happened in China

In September, Chinese policymakers shocked the markets by unveiling a set of stimulus measures designed to boost the economy and... more

17 Oct 2024 · 1 hour, 18 minutes
Apollo Explains How Big Tech Is Disrupting Credit Markets

Big tech stocks have had an enormous impact on the stock market, with Magnificent 7 companies like Apple, Microsoft and... more

14 Oct 2024 · 46 minutes
The ROI Rules of AI: Sirion's Legal AI (Sponsored Content)

What if your contracts could be a roadmap to running your business – the first step in managing your relationships... more

13 Oct 2024 · 10 minutes
Austan Goolsbee on How This Cycle Turned Out To Be So Different

In 2022 and 2023, the Federal Reserve basically had one focus: defeating inflation. That's now changed. Keeping inflation at bay... more

11 Oct 2024 · 46 minutes
The Ultra-Rich Are Building a Separate World Here on Earth

In recent years, we've seen the emergence of cities whose main industry is that they're a great place to live... more

10 Oct 2024 · 45 minutes
The Math That Explains How Multi-Strategy Hedge Funds Make Money

Multi-strategy hedge funds are still all the rage on Wall Street, but what does it actually mean to be a... more

07 Oct 2024 · 56 minutes
Lots More on the Ongoing Mess That Is Intel

The US is in the midst of a big effort to bring more semiconductor manufacturing onshore. Intel is the biggest... more

04 Oct 2024 · 30 minutes
The Big Tax Hike Coming in Just Over a Year

In 2017, Congress passed the Tax Cuts and Jobs Act, which may be better known as the Trump tax cuts.... more

03 Oct 2024 · 49 minutes
Jigar Shah on the Three Big Things Driving the Nuclear Energy Revival

Earlier this month, we got the surprising headline that the shuttered nuclear reactor at Three Mile Island will be restarted.... more

30 Sep 2024 · 45 minutes
Lots More on Potentially Massive East Coast Port Strikes

Look out. Supply chains are back in the news. As soon as next week, workers at all of the ports... more

27 Sep 2024 · 25 minutes
This Is How Industrial Policy Can Go Bad

Right now, industrial policy is back in vogue in the US. The administration is making an effort at reviving specific... more

26 Sep 2024 · 49 minutes
Ariel Investments' John Rogers on How You Can Still Win With Value Investing

These days if you talk to people about the stock market, they might talk to you about the effect of... more

23 Sep 2024 · 42 minutes
Lots More With Sam Ro on the Booming World of RIAs

The Future Proof Festival takes place right on the beach in Huntington Beach, California. Thousands of registered investment advisors from... more

20 Sep 2024 · 25 minutes
The Next Stage of the Credit Cycle with Oaktree’s Poli

This week, the Fed cut benchmark rates by 50 basis points. Lower financing costs should be a relief for companies... more

19 Sep 2024 · 47 minutes
Pimco CIO Dan Ivascyn on the Biggest Fed Decision in Years

It’s Fed Day, and while everyone expects the central bank to cut benchmark interest rates, the key question is by... more

18 Sep 2024 · 46 minutes
How Josh Brown Created A Financial Media Empire

15 years ago was a pivotal moment for financial media. On the one hand, we were in the midst of... more

16 Sep 2024 · 49 minutes
Security, Bookmarked: Finance (Sponsored Content)

Financial institutions have been a leading target for cyber crime since the dawn of the internet. But phishing schemes have... more

15 Sep 2024 · 22 minutes
Lots More With Isabella Weber on Draghi's EU Competitiveness Report

This week, former European Central Bank President and Italian Prime Minister Mario Draghi published a long-awaited report examining ways to... more

13 Sep 2024 · 31 minutes
Adam Tooze on the Big Misconceptions of the Chinese Economy

One of the big buzzwords over the last year or so has been "overcapacity." There's a constant line of argument... more

12 Sep 2024 · 49 minutes
US Trade Rep Katherine Tai Describes the New Era of Globalization

One of the rare areas of bipartisan consensus in the US right now, is on the need to change our... more

09 Sep 2024 · 56 minutes
The Booming Crypto Use Case That's Happening Right Now

Pretty much since the moment that cryptocurrencies came into existence, there's been a chorus of skeptics who argue that they... more

06 Sep 2024 · 51 minutes
How Hedge Funds Discover the Next Superstar Trader

One of the problems in investing or trading is that — to use a common disclaimer — past results are... more

05 Sep 2024 · 54 minutes
The Black Hole of Private Credit That's Swallowing the Economy

There's been a lot of talk about private credit in recent years. The market has exploded in size, and there... more

02 Sep 2024 · 54 minutes
Adam Posen on the Dangers of Jerome Powell's 'Rifle Shot' Jackson Hole Speech

Last week at Jackson Hole, Federal Reserve Chair Jerome Powell delivered a short and powerful speech indicating that it's time... more

30 Aug 2024 · 34 minutes
Hyun Song Shin on How Big the Yen Carry Trade Really Is

Remember August 5th? That was the day that markets around the world plunged in historic fashion and everyone became an... more

29 Aug 2024 · 38 minutes
A New Way for the Fed to Fight a Market Crisis

When the Treasury market broke in March 2020, the Federal Reserve intervened in extraordinary fashion. It purchased more than $1... more

28 Aug 2024 · 34 minutes
This Is What The Rate Cut Cycle Could Look Like

At Jackson Hole, Fed Chairman Jerome Powell gave a clear signal that the rate cut cycle is likely to start... more

27 Aug 2024 · 26 minutes
What It’s Like to Be a Fed President at Jackson Hole

This year’s Economic Symposium in Jackson Hole, Wyoming marked a big change for US monetary policy, with Federal Reserve Chairman... more

26 Aug 2024 · 35 minutes
Lots More on What We Just Learned at Jackson Hole

Every year, the Federal Reserve Bank of Kansas City hosts an economic symposium in Jackson Hole, Wyoming. It’s a chance... more

23 Aug 2024 · 20 minutes
The Hottest Way for Banks to Get Risk Off Their Balance Sheets

Synthetic risk transfers, in which banks purchase insurance-like protection on some of their loans, is a growing market on Wall... more

22 Aug 2024 · 52 minutes
Nate Silver and Maria Konnikova on the Art of Election Betting

Political prediction markets — where traders can make bets on election outcomes — have been around for years. But in... more

19 Aug 2024 · 44 minutes
Lots More With Claudia Sahm on What the Sahm Rule Is Saying Now

The Federal Reserve appears to be ready to pivot into rate cutting mode. Inflation has come down significantly, and the... more

16 Aug 2024 · 25 minutes
How the White House Thinks About Economic Security

The past few years have thrown up a number of potential weaknesses in the American economy. There've been disruptions to... more

15 Aug 2024 · 55 minutes
How the US Treasury Will Fund the Next $20 Trillion in Debt

When it comes to financing the US government's borrowing needs, the Treasury Department has some discretion in how it's done.... more

12 Aug 2024 · 45 minutes
How a Traditional Toymaker Is Going Big on Digital Games

Hasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in... more

09 Aug 2024 · 51 minutes
Goldman Sachs CIO on How the Bank Is Actually Using AI

There's a lot of hype around generative AI and many people have interfaced with ChatGPT, Claude, or Gemini at this... more

08 Aug 2024 · 51 minutes
Lots More on Solving the Mystery of the Big Market Selloff

The S&P 500 has plunged more than 5% over the past couple of trading days. The Nasdaq 100 is down... more

06 Aug 2024 · 28 minutes
Matt King on the Hidden Forces Driving the Market Selloff

The Nasdaq is now in correction territory and the S&P 500 is down more than 2% so far this month.... more

05 Aug 2024 · 41 minutes
Lots More: Did the Fed Just Make a Policy Mistake?

This week, the Federal Reserve opted to keep interest rates unchanged while suggesting that it could cut as soon as... more

02 Aug 2024 · 26 minutes
Two Veteran Chip Builders Have a Plan to Take On Nvidia

When it comes to chips for artificial intelligence, obviously the name that automatically comes to mind is Nvidia. The company... more

01 Aug 2024 · 53 minutes
Zyns, Vapes and the Very Weird Market for New Nicotine Products

Vapes like Elf bars seem to be everywhere now. Meanwhile, Zyn nicotine pouches have become a huge seller for Philip... more

29 Jul 2024 · 57 minutes
A Top Miami Broker on the Booming Market for Ultra-Luxury Homes

We've all seen headlines about the multi-million dollar properties being sold in Miami. Right now, there's a $135 million mansion... more

26 Jul 2024 · 46 minutes
How the Hottest Hedge Funds on Wall Street Really Manage Risk

Multi-strategy hedge funds, also known as "pod shops," have become the hottest ticket on Wall Street. The business model is... more

25 Jul 2024 · 49 minutes
The US and China Are in an All Out Race For AI Domination

There are several sources of tension right now between the US and China. Pure trade anxiety is a big one,... more

22 Jul 2024 · 49 minutes
Lots More on JD Vance and the Future of the US Dollar

When people talk about the special role that the US dollar plays in the global economy, that's often characterized as... more

19 Jul 2024 · 26 minutes
A Guggenheim Executive's Radical Plan to Build Millions of New Homes

According to numerous estimates, the US is massively short of housing. Zillow, for instance, says America needs to build 4.5... more

18 Jul 2024 · 1 hour, 9 minutes
Stephen Roach Warns of Disaster From Our 'Sinophobic' China Policy

One of the rare areas of bipartisan consensus in the US right now is taking a tough line on China.... more

15 Jul 2024 · 51 minutes
James van Geelen on Thematic Investing Right Now

James van Geelen, founder of Citrini Research, scored big when he made his weight loss drug-related investments last year. He... more

12 Jul 2024 · 47 minutes
Joseph Stiglitz on How to Build Shock-Proof Supply Chains

Joseph Stiglitz is a Nobel Prize-winning economist known for his groundbreaking work on information gaps and risk-taking in markets. But... more

11 Jul 2024 · 56 minutes
MMT's Godfather Says the US Government Is Spending Like a Drunken Sailor

Modern Monetary Theory has gained prominence over the last several years by offering an alternative view on the constraints to... more

08 Jul 2024 · 50 minutes
Lots More With Stinson Dean on Crashing Lumber Prices

Lumber prices have tumbled dramatically in recent weeks, with benchmark futures falling about 20% in the past four months alone.... more

05 Jul 2024 · 27 minutes
How Brazil Gave Birth to One of the World's Greatest Jet Makers

There aren't many advanced manufacturing success stories in Latin America. And globally, there aren't many companies that can build commercial... more

04 Jul 2024 · 57 minutes
How Brad Jacobs Will Invest $4.5 Billion to Reshape Building Supplies

Brad Jacobs has made a career of starting, consolidating, and growing whole industries. He did a trucking company. He did... more

02 Jul 2024 · 48 minutes
The Theory That Explains Why Everyone Went Crazy

Does it feel to you like society has gone crazy? Well, you're not alone. There's a general view that all... more

01 Jul 2024 · 50 minutes
Lots More With Neil Dutta on a Looming Fed Policy Error

Neil Dutta, the top economist over at Renaissance Macro, has generally been sunny and optimistic about the economy over the... more

28 Jun 2024 · 24 minutes
The American Entrepreneurs Who First Opened The Chinese Market

From cars to toys to clothes, we're just used to seeing the label "Made In China" on all sorts of... more

27 Jun 2024 · 48 minutes
Why Tom Lee Thinks We Could See S&P 15,000 by 2030

The stock market has had a torrid run in 2024 despite the fact that interest rate cuts haven't materialized in... more

24 Jun 2024 · 46 minutes
CoreWeave's CSO on the Business of Building AI Datacenters

Everyone knows that the AI boom is built upon the voracious consumption of chips (largely sold by Nvidia) and electricity.... more

21 Jun 2024 · 54 minutes
John Arnold on Why It's So Hard To Build Things in America

Virtually everyone, across the ideological spectrum, has the view right now that it's too hard to build things (or get... more

20 Jun 2024 · 50 minutes
Evolving Money: Money Without Borders (Sponsored Content)

Throughout history, financial markets have struggled with the issue of borders. Borders create friction, add cost and cause headaches for... more

18 Jun 2024 · 21 minutes
The Big Trade Underneath the Strangely Calm Surface of the S&P 500

For much of this year, the S&P 500 has marched steadily higher while measures of stock market volatility, like the... more

17 Jun 2024 · 50 minutes
What a 'Degen' Crypto Trader Really Does All Day

A few lucky people have made generational wealth trading the ups and downs of the crypto market. And some finance... more

14 Jun 2024 · 42 minutes
How Indonesia and China Cornered the Nickel Market

There's been a huge change in the market for nickel, which goes into everything from electric vehicles to steel. Indonesia... more

13 Jun 2024 · 45 minutes
Elon Musk Dominates Outer Space Like Nobody Has Before

The company that Elon Musk is most known for, obviously, is Tesla. It's been extraordinarily successful and made him one... more

12 Jun 2024 · 48 minutes
This Is How the Food Industry Is Preparing For a Post-Ozempic World

The rise of GLP-1 drugs, like Ozempic, is a potentially existential threat to the makers of salty, sugary, high-calorie snack... more

10 Jun 2024 · 47 minutes
Lots More with Kyla Scanlon on the Economic Vibes

Kyla Scanlon has a great way of identifying the economic vibes, building up a massive TikTok following with videos about... more

07 Jun 2024 · 28 minutes
Orsted's Americas CEO on Fixing What Went Wrong in Wind Power

Last year was a bad one for the US wind power industry, with lots of cancelled projects, writedowns, and an... more

06 Jun 2024 · 52 minutes
Corporations Learned The Maximum Amount They Can Charge For a Product

What's the price of a hamburger? Well, it depends. Are you making the purchase on the spot? Did you order... more

03 Jun 2024 · 55 minutes
Lots More on the Two Troubled NYC Office Buildings Everyone's Talking About

Over the past two weeks, two New York City office buildings have become major talking points in the market for... more

31 May 2024 · 22 minutes
The Big Problem With the Modern Electricity Grid

The modern electricity grid is a weird thing. The delivery of electricity is a natural monopoly, for kind of obvious... more

30 May 2024 · 44 minutes
Are We Doing Decarbonization Totally the Wrong Way?

The cost of solar has been plunging for years. Everyday there's a new headline about growing installation of renewables or... more

29 May 2024 · 46 minutes
How a Professional Sports Bettor Really Makes Money

The gambling industry in the US has exploded in recent years, and suffused every aspect of sports consumption. You can... more

27 May 2024 · 51 minutes
Lots More With Luke Kawa on Memestock Mania 2.0

Remember GameStop? The poster-child for 2021's memestock mania recently surged almost 5x in a matter of days — and it... more

24 May 2024 · 29 minutes
How a DOJ Economist Approaches Antitrust in America

The Department of Justice and the Federal Trade Commission have taken an invigorated approach to antitrust under the Biden administration,... more

23 May 2024 · 45 minutes
Introducing: Big Take Asia

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the... more

21 May 2024 · 1 minute
Odd Lots
The Big Problem With the Modern Electricity Grid
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Description

The modern electricity grid is a weird thing. The delivery of electricity is a natural monopoly, for kind of obvious reasons. Despite... more