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Ralph welcomes international human rights lawyer Craig Mokhiber to discuss the U.S. and Israel's illegal war on Iran. Then, Ralph speaks to investigative reporter David Cay Johnston about the finances of Donald Trump.Craig Mokhiber is an international human rights lawyer and activist, and a former senior United Nations human rights official. A human rights activist in the 1980s, he would go on to serve for more than three decades at the United Nations, with postings in Switzerland, Palestine, Afghanistan, and UN Headquarters in New York. In October of 2023, he left the United Nations, penning a widely read letter criticizing the UN's human rights failures in the Middle East, warning of unfolding genocide in Gaza, and calling for a new approach to Palestine and Israel based on international law, human rights, and equality.Anyone who pays attention knows that Iran wasn't attacked because it has nuclear weapons. It was attacked because it doesn't have nuclear weapons, and was therefore viewed by Israel and the U.S. as being a state that could be overcome militarily. But what really is, I think, most telling about this is the hypocrisy of the claims, because the only party in the region that has stockpiles of nuclear weapons (which are entirely undeclared and unsupervised) is the Israeli regime, not the Iranian. And the Israeli regime was joined in attacking Iran by another nuclear power—the United States.Craig MokhiberIsrael (which has attacked the United Nations throughout its entire life and declared that the United Nations is an anti-Semitic terror organization) fights like hell to stay in the United Nations, pays its dues every year to make sure that it stays in…and renews its treaty obligations as a member of the United Nations (that, of course, it violates with impunity). So it's very funny that Israel calls the UN an anti-Semitic terror organization, yet it insists on being a member and paying its dues to fund that so-called anti-Semitic terror organization.Craig MokhiberI don't think that putting Iran in an existential crisis is the best way to tell them you don't need nuclear weapons. I think stopping attacking them, their economy, their currency, their scientists, their political leaders, their military personnel, their civilians, their girls' schools—if you want a country to believe that it doesn't need to arm itself, this is not the way to go about it.Craig MokhiberDavid Cay Johnston is a Pulitzer Prize-winning investigative reporter, specialist in economics and tax issues, and a professor of practice teaching law, public policy, and journalism at Rochester Institute of Technology. He is the author of several books, including The Making of Donald Trump and It's Even Worse Than You Think: What The Trump Administration Is Doing To America. He is also the co-founder of DCReport, a nonprofit news service that reports what the President and Congress DO, not what they SAY.Convicting Donald Trump of tax fraud would be very easy. You establish these corporations [reporting major losses] don't exist. You establish that he took tax losses from these multiple corporations (in all, about 60 entries over the six years of tax returns). And there's no defense for that. It's flat-out fraud. It's blatant fraud. So Trump has gotten away with this because we don't seriously treat high-level tax fraud in this country.David Cay JohnstonNews 3/20/26* Our top story this week concerns a new study titled “Inequality, not regulation, drives America's housing affordability crisis.” As summarized in Hell Gate, this study demonstrates that the precipitous rise in rent prices are not primarily the result of insufficient housing supply or of vacancy rates. Moreover, contrary to the claims of the so-called Abundance movement, reducing regulations to spur new construction is unlikely to create significantly more housing. Even if it did, that would probably fail to bring down rents, because the real cause of the rental spike is “Steep national inequality.” So, what can be done to bring down rents? Maximilian Buchholz, the lead author of the study, puts it bluntly in this interview: “rent control, tenant protection policies like just cause eviction, and income supports for people toward the bottom.” Simply put, the best policies to lower rents are policies that lower rents. This has been demonstrated time and time again in different policy areas, yet on the whole, Democrats still seem to prefer byzantine policy formulae instead of straightforward policy solutions to the glaring issues facing the American people. * Speaking of rising costs, Washingtonian magazine is out with a new story on the Washington Post hiking prices for subscribers. Yet apparently not all subscribers are created equal. According to this story, these increases are accompanied by a simple yet insidious message: “This price was set by an algorithm using your personal data.” This is the latest deployment of what has become known as algorithmic – or “surveillance” – pricing. This piece notes other examples of surveillance pricing, ranging from the Princeton Review charging more for the same SAT tutoring package in areas with higher Asian populations (they called it the “tiger mom tax”) to Amazon charging local school districts vastly different prices for the same supplies. However, this new policy from the Post is especially brazen given the straits the paper has recently found itself in, declining by a million subscribers between 2021 and 2026 and hemorrhaging key reporters to a new rival paper sponsored by Robert Albritton, including Dana Milbank, Jeff Stein, Paul Kane and Paige Cunningham, among others, per the Hill.* In more media news, Variety reports that ratings for CBS Evening News are cratering, falling back to where executives at the news division behind the show “hoped never to return.” The nightly news program, anchored by Tony Dokoupil, has fallen below 4 million viewers; when the previous iteration of the program anchored by Maurice DuBois and John Dickerson fell to this nadir, Paramount Skydance pulled the plug. While this is perhaps just a symptom of the collapse of cable news, Variety notes that ABC's “World News Tonight,” averaged nearly 8 and a half million viewers and “NBC Nightly News” scored just over 6 and half million. Dokoupil did score a slight uptick in viewership when he took over the Evening News, but that seems to have been nothing more than a flash in the pan. This pathetic showing seems to confirm what seemed obvious all along: there is simply little audience for the editorial viewpoint espoused by CBS's new editor-in-chief, Bari Weiss.* The bad news for Bari doesn't end there, either. According to the Wrap, the new chief is locked in contentious negotiations with the unionized staff of CBS, specifically the 60-person unit behind the network's streaming service, “CBS News 24/7.” These workers staged a 24 hour walkout earlier this week. Their grievances include everything from new grueling 12-hour weekend shifts – despite no weekend-specific live programming – as well as CBS News' reported plans to lay off 15% of staff. CBS News already laid off roughly 100 people in October after Paramount merged with Skydance and many believe more layoffs will come if the merger with CNN, which is not unionized, goes through as part of the Paramount Warner Bros. deal.* In other news, a recent study reveals a fascinating disconnect between the self-description of Democrats and their policy preferences. The study, conducted on behalf of the New Republic by Embold Research, gave respondents five choices to describe their ideology: conservative, moderate, moderate-to-liberal, liberal, and progressive. Only 12% identified as moderate, but another 21% called themselves moderate-to-liberal. Yet, among this combined group, approximately 70% said Democrats are “too timid” on taxing the rich and corporations, and cracking down on corporate criminals. Fewer than 5% of moderates said Democrats are “too aggressive” on these issues. In a word, even the moderates among the Democratic base think the party should take a more strident economic populist line. This tracks with polling conducted during the Texas Democratic Senate primary which found that 47% of voters who identified as socialists also identified as moderates.* Our next several stories this week have to do with the intersection of foreign policy and energy. The AP reports that on Tuesday, Cuba reconnected its energy grid following a 29-hour long nationwide blackout. This story notes that this reconnection will only provide scant and temporary relief, because not enough power is being generated. The energy crisis in Cuba has gotten progressively worse since the beginning of the year, as the new government in Venezuela and the newly reinforced sanctions regime have both served to cut off the island from energy imports. That said, cracks in this blockade are beginning to form. Bloomberg reports that a “tanker carrying more than 700,000 barrels of Russian crude is expected to arrive in Cuba by the end of the month,” and Mexican President Claudia Sheinbaum has announced that her administration is “looking into different possibilities” to resume fuel shipments to Cuba as well. Sheinbaum stressed that Mexico is “sovereign” and able to “have trade agreements with any country in the world,” per the Latin Times. The U.S. government has already eased sanctions on Russian oil sales to India, but has now announced that they will not allow the Russians to send oil to Cuba, per Bloomberg. As the ship is already on its way, it is an open question of how far the U.S. will go to prevent Russia from sending lifesaving resources to the country that has held out against American pressure for so long.* Next, a stunning story in the Wall Street Journal documents how the Trump administration settled on their final course of action in Venezuela. According to this piece, the Central Intelligence Agency consulted former Chevron executive Ali Moshiri, described as the oil company's man in “Man in Venezuela—and a CIA Informant.” Apparently, Moshiri warned that if the U.S. government tried to oust the Chavista government of Nicolás Maduro and install María Corina Machado and her exile comrades in its place, the country would turn into “another quagmire like Iraq.” Moshiri specifically warned that Machado did not have the support of the country's security services or control of its oil infrastructure. For their part, Chevron issued a statement claiming that “between spring of 2025 and the removal of Maduro, Chevron did not authorize anyone working for, or on behalf of, the company to engage with the CIA related to Venezuela's leadership, including assessments of government officials or opposition leaders.” Moshiri, formally left Chevron in 2017 and ended his consulting relationship with the company in 2024. Unlike many other oil companies, Chevron maintained a presence in Venezuela over the years, positioning the company to benefit most from the new extraction political environment under the leadership of upjumped Vice President Delcy Rodríguez.* Meanwhile, a story from NOTUS highlights why this kind of outside advice is likely more heeded than ever in the halls of power: the publication reports that six months ago, the State Department under the leadership of Secretary Marco Rubio, fired its in-house oil and gas experts, including laying off staff who “would have been responsible for gaming out possible scenarios if the Strait of Hormuz was closed” and “staffers with close professional relationships at oil and gas companies in the Middle East and experts tasked with maintaining diplomatic contacts at foreign energy bureaus.” This is a final nail in the coffin for the misguided logic of Elon Musk's DOGE initiative and serves as a crystal clear example of why it is so dangerous to purge experts with significant institutional knowledge from the federal bureaucracy.* Another consequence of this lack of diplomatic expertise is the ultimate cost to the taxpayer – $200 billion in additional Pentagon funding, to be exact, per CNBC. Defense Secretary Pete Hegseth, defending the request in typically childish terms, said “It takes money to kill bad guys.” In similarly childish terms, President Trump, asked why the Pentagon is seeking so much money, said, “We're asking for a lot of reasons,” and while he told a reporter he would not send U.S. troops to the region, he added, “If I were, I certainly wouldn't tell you.” Beyond the flippant attitude towards the immense sums of taxpayer money they are requesting from Congress, to say nothing of the cost in American and Iranian lives, the American people would do well to remember how casually the political class treats $200 billion when it is to be spent on war instead of social programs. All this as gas prices spike, with price increases rippling out to all other consumer goods.* Finally, the BBC reports a Belgian court has ruled that a former diplomat, Etienne Davignon, can stand trial in connection with the 1961 killing of Congo's first prime minister, Patrice Lumumba. Davignon, 93, is the “only surviving member of the 10 Belgians accused in a criminal case brought by Lumumba's family in 2011.” At the time, Davignon was a diplomat in training. He would go on to become a vice-president of the European Commission. Lumumba meanwhile was ousted in a Belgian and U.S.-backed coup led by Mobutu Sese Seko, who would rule Congo (renamed Zaire) until 1997. In 1961, Lumumba was executed by a Belgian-backed Congolese firing squad and his body was dissolved in acid. Lumumba's grandson, Mehdi Lumumba, is quoted saying “We are all relieved…Belgium is finally confronting its history.” Many have remarked that while this has taken over 50 years, it sets a powerful precedent that justice can be found even after so many decades. Many of the war criminals that walk the Earth today are far younger than Mr. Davignon.This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe
What if our loyalty is not to the healthcare system we were handed, it's to the future we can build? And how do we crack an industry highly resistant to change? In Halle Tecco's newest book, Massively Better Healthcare, Tecco offers an insider's guide to transforming healthcare through innovation. Drawing on her experience as an entrepreneur, investor, and educator, she distills 15+ years of lessons into a practical roadmap for building solutions that align profit with purpose, and a guide for leaders who want to leave the system better than they found it.rnrnHalle Tecco has dedicated her career to making healthcare massively better. She is the founder of Rock Health and has backed and advised dozens of healthcare companies. She teaches future healthcare leaders at Columbia Business School and Harvard Medical School, and serves on the boards of Collective Health and Cofertility. Tecco's work has been featured in The New York Times, The Wall Street Journal, and Bloomberg. She was named as one of Goldman Sach's Most Intriguing Entrepreneurs and listed on Fast Company's Most Creative People in Business 2023.
This is our daily Tech and Business report. KCBS Radio News Anchor Holly Quan spoke with Bloomberg reporter Mark Niquette. As the Iran war goes on, drivers are lining up to find the cheapest gas. With the national average reaching nearly $4 a gallon and the Bay Area seeing prices of over $7 a gallon, consumers are keeping their wallets shut and spending less outside of the gas station.
We look at a bill in California that would ban social media accounts for users under the age of 16. Audacy's Scott Cohn spoke with Bloomberg reporter Alicia Clanton.
March 18, 2026: Two-thirds of CEOs are freezing hiring while betting billions on AI — and a gender economist argues they're cutting the very people needed to make those bets pay off. A 7,000-word Substack essay imagined a "Ghost GDP" collapse by 2028, moved the Dow 800 points, and sparked a Wall Street war between Citrini Research and Citadel Securities over whether AI job fears are real or overblown. Management consulting was supposed to be dead by now — Capgemini's strategy chief explains why it's not, and why the shift to outcome-based billing may be the more disruptive story. And Microsoft's chief scientist says the degree with the worst starting salaries may be the most future-ready credential in the age of AI. Sources: Fortune, Bloomberg, Fortune Eye on AI.
P.M. Edition for Mar. 17. A top U.S. counterterrorism official resigns over the war with Iran, while Israel said it killed two of Iran's leaders. We hear from WSJ reporter Anat Peled about Israel's strategy to take out top leaders of enemy organizations. Plus, the Senate kicks off debate over a voter-eligibility bill called the SAVE America Act. Journal reporter Anvee Bhutani joins us from Capitol Hill to discuss its prospects for becoming law. And social media is buzzing about a new AI tool from Perplexity that some say can rival the functions of the Bloomberg terminal for a lot less money. But tech reporter Isabelle Bousquette reports that Wall Street's obsession with the terminal means that it may not be so easily replaced. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
March 17, 2026: Five major AI models shipped in a single week in February. Your company's training budget grew 5%. Cathie Wood told Bloomberg this morning that AI is already pushing productivity above trend and projects it hits 6% annually — Goldman Sachs says there's no macro evidence of it yet. Both can be right, and today we explain why. Plus: FedEx's blueprint for an AI agent workforce across 50% of its operations, the real argument against traditional corporate training programs, and the full financial math on Meta's reported 15,000-person layoff — including whether the company leaked it on purpose to let Wall Street price in $160 billion in market cap before a single cut is confirmed.
Amy King hosts your Tuesday Wake Up Call. ABC News correspondent Steven Portnoy joins the show to talk about Kristi Noem being accused of ‘making false statements to Congress’ during her latest testimony. Amy talks with ABC News reporter Jordana Miller live from Jerusalem to speak on Israel saying it’s killed Iran’s security chief Larijani and Basij commander. Bloomberg’s Denise Pellegrini updates us on the latest in business and Wall Street. The show closes with PR/Communication Manager for Pasadena Humane talking about Wiggle Waggle Walk 2026. See omnystudio.com/listener for privacy information.
Mardi 17 mars, François Sorel a reçu Claudia Cohen, journaliste chez Bloomberg, Frédéric Krebs, président de Krebs & Partners, et Frédéric Simottel, journaliste BFM Business. Ils se sont penchés sur les annonces de Nvidia sur les nouvelles puces et les avancées en IA lors du GTC, et la collaboration de Mistral avec Nvidia pour accélérer son modèle, dans l'émission Tech & Co, la quotidienne, sur BFM Business. Retrouvez l'émission du lundi au jeudi et réécoutez la en podcast.
Mardi 17 mars, François Sorel a reçu Claudia Cohen, journaliste chez Bloomberg, Frédéric Krebs, président de Krebs & Partners, et Frédéric Simottel, journaliste BFM Business. Ils se sont penchés sur le recentrage d'OpenAI sur ChatGPT et les clients professionnels, l'alerte de Musk sur les difficultés de Xai, et la défense par Waymo du déploiement progressif des robotaxis, dans l'émission Tech & Co, la quotidienne, sur BFM Business. Retrouvez l'émission du lundi au jeudi et réécoutez-la en podcast.
Ce mardi 17 mars, François Sorel a reçu Claudia Cohen, journaliste chez Bloomberg ; Frédéric Krebs, président de Krebs & Partners ; Frédéric Simottel, journaliste BFM Business ; Julien Thibaud, journaliste BFM Business ; Nicolas Parpex, directeur du pôle Industries créatives et pilote du plan Touch chez Bpifrance ; Raphael Raffray, journaliste BFM Tech ; Marius Celette, président co-fondateur d'Alpha Impulsion, dans l'émission Tech & Co, la quotidienne sur BFM Business. Retrouvez l'émission du lundi au jeudi et réécoutez la en podcast.
Mardi 17 mars, François Sorel a reçu Claudia Cohen, journaliste chez Bloomberg, Frédéric Krebs, président de Krebs & Partners, et Frédéric Simottel, journaliste BFM Business, dans l'émission Tech & Co, la quotidienne. Retrouvez l'émission du lundi au jeudi et réécoutez-la en podcast.
Join us in Vegas for Podjam 3! Barry Ritholtz 31 minutes Jonathan Miller 1:28 Colby Hall 2:42 Subscribe and Watch Interviews LIVE : On YOUTUBE.com/StandUpWithPete ON SubstackStandUpWithPete Stand Up is a daily podcast. I book,host,edit, post and promote new episodes with brilliant guests every day. This show is Ad free and fully supported by listeners like you! Please subscribe now for as little as 5$ and gain access to a community of over 750 awesome, curious, kind, funny, brilliant, generous souls How Not To Invest: The ideas, numbers, and behaviors that destroy wealth - and how to avoid them The GREAT Barry Ritholtz who has spent his career helping people spot their own investment errors and to learn how to better manage their own financial behaviors. He is the creator of The Big Picture, often ranked as the number one financial blog to follow by The Wall Street Journal, New York Times, and others. Barry Ritholtz is the creator and host of Bloomberg's "Masters in Business" radio podcast, and a featured columnist at the Washington Post. He is the author of the Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy (Wiley, 2009). In addition to serving as Chairman and Chief Investment Officer of Ritholtz Wealth Management, he is also on the advisory boards of Riskalyze, and Peer Street, two leading financial technology startups bringing transparency and analytics to the investment business. Barry has named one of the "15 Most Important Economic Journalists" in the United States, and has been called one of The 25 Most Dangerous People in Financial Media. When not working, he can be found with his wife and their two dogs on the north shore of Long Island. Jonathan Miller is the Director of Markets for StreetMatrix, a real-time home price index series used by the financial services sector to track local, regional, and national housing markets in the United States. I'm also the President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm I co-founded in 1986. For 32 years, I authored a series of market reports for Douglas Elliman Real Estate, considered the "report of record," which accounted for 50% of their media coverage. My market reports analyzed the New York City metropolitan area, Boston, parts of Florida, California, Texas, Connecticut, and Colorado that were relied on by the media, financial institutions, and government agencies, including the Federal Reserve, Internal Revenue Service, U.S. Department of Housing and Urban Development, the NYC Office of Management and Budget, and others. I am an Adjunct Associate Professor of Architecture, Planning, and Preservation in the Master of Science in Real Estate Development (MSRED) Program at Columbia University, where I teach market analysis. I've guest lectured at institutions including New York University, Harvard University, The Wharton School of the University of Pennsylvania, Columbia University, and Drexel University, and am also a New York State Real Estate Instructor for qualifying and continuing education courses and a New York State Real Estate Appraiser Instructor for qualifying certified general and continuing education courses. I co-authored a research paper for NYU School of Law and the NYU Wagner Graduate School of Public Service's Furman Center for Real Estate and Urban Policy titled The Condominium v. Cooperative Puzzle: An Empirical Analysis of Housing in New York City, published in 2007 by the Journal of Legal Studies at the University of Chicago. Back in 2010, I developed pending home sale indices for the Washington, D.C., and Baltimore metro areas, and Central Pennsylvania, on behalf of Bright MLS, one of the largest multiple listing services in the U.S. One of my favorite activities is serving on the New York City Mayor's Economic Advisory Panel, representing the residential real estate sector, and the New York State Budget Division Economic Advisory Board. I've also participated in valuation studies with academic institutions, including New York University, Princeton University, Columbia University, and Baruch College. I participated in and co-authored an epic research paper as part of the Urban Land Institute Advisory Services for the city of Norfolk, VA (its flooding problems are getting worse). I also authored a white paper for One Fine Stay, a hospitality brand owned by AccorHotels, titled "The Future of Luxury New Development in New York: Leaving $1 Billion on the Table." In the valuation world, I am a state-certified real estate appraiser in New York and Connecticut, and I provide expert witness testimony in various local, state, and federal courts. I hold the Counselors of Real Estate (CRE) designation. I am also an Appraiser "A" Member of the Real Estate Board of New York and a former two-term President of RAC, a premier appraisal organization whose members focus on complex residential properties for relocation, litigation support, testimony, and reviews. As a result of my extensive writing and investigative research on this Housing Notes platform, I brought public attention to the misconduct of two key institutions in the appraisal profession: The Appraisal Foundation and The Appraisal Institute. As a result, I became an expert witness for the Appraisal Subcommittee at FHFA in Washington, DC, which aired for three hours on C-SPAN in 2023. One memorable thing that came out of my appearance was the birth of my fourth grandchild during the session. On the personal side, I'm clearly a homebody and love hanging out with my wife, whom I met in college in 1980, greasing donut trays at 5:30 am at the student bakery, a part of the second-largest non-military cafeteria in the world, located at Michigan State University. There is nothing better than when any of our four sons and their significant others, including the grandchildren, are in town. For our fortieth wedding anniversary, my wife and I went to Antarctica (perhaps I'm not a homebody?) While I'm at it, a couple of formative childhood adventures: At 12 years old, I climbed to the snow line of Mt. Kilimanjaro (leadership said I was too young to summit - boo!) In middle school, I traveled to the Soviet Union on a study abroad program before the wall fell. When I was a teenager and before I got my driver's license, I rode my bicycle from Oregon to Virginia in the summer of 1976, carrying all my gear (my parents claim they gave me a one-way airplane ticket to fly across the US, and I came back!) At age 25, I co-founded Miller Samuel because I didn't know any better. In my offline hours, I love to read, explore new music, try to make snow, attempt to catch lobsters, and endeavor to connect to my backyard birdhouse camera from whatever airplane I happen to be flying on. Contact Jonathan Colby Hall is the Founding Editor of Mediaite.com. He is also a Peabody Award-winning television producer of non-fiction narrative programming, became a media contributor to NewsNation in March of 2023. He is also a former Creative Director who launched iHeartRadio's original video offering. Check out his pieces at Mediaite On YOUTUBE.com/StandUpWithPete ON SubstackStandUpWithPete Listen rate and review on Apple Podcasts Listen rate and review on Spotify Pete On Instagram Pete on Blue Sky Pete on Threads Pete on Tik Tok Pete on Twitter Pete Personal FB page Stand Up with Pete FB page Gift a Subscription https://www.patreon.com/PeteDominick/gift Send Pete $ Directly on Venmo
Time now for our daily Tech and Business Report. Bloomberg reporter Chris Welch joins us to tell us more. Apple is offering some snazzy and helpful features on the next generation of AirPods Max. The headphones are set to come with live-translation, upgraded noise cancellation, and more.
Oil’s Big move – one for the record books. Markets in a slight panic – not too worse for ware. Inflation numbers are out – but does anyone care? And our special guest is Thomas Peterffy – Chairman and Founder of Interactive Brokers. NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Thomas Peterffy is the Chairman and Founder of Interactive Brokers Group, Inc. a global electronic brokerage firm. He has been at the forefront of applying computer technology to automate trading and brokerage processes since soon after he emigrated from Hungary to the United States in 1965. In 1977, Peterffy started his own business with $200,000 savings, writing programs and building systems to value and trade stocks and options, as a market-maker on the American Stock Exchange. He was the first to build mathematical models to calculate and disseminate continuous bid and offer quotations and to develop a tablet computer for use by his employees trading on exchange floors. By the late 80s, Peterffy developed a fully integrated, automated market-making system for stocks, options, and futures, that grew into a digital network encompassing most of the world's exchanges. Starting in 1993, brokerage interfaces and customers were added to this network that continues to expand in products and customers all over the world. Today, Interactive Brokers is one of the largest publicly traded electronic brokers with a market capitalization of over $100 billion. The firm provides direct access to trade executions, clearing, and custodial services for a wide variety of products, including stocks, options, futures, forex, bonds, CFDs, and funds on over 170 markets and in up to 29 currencies around the world. Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy – HERE Stocks mentioned in this episode: (OIL), (GLD), (SPY), (QQQ)
Silicon Bites Ep302 | 2026-03-15 | Make it make sense. Iran helped Russia attack Ukraine, but Russia is also providing data to Iran to target U.S. military assets in its confrontation with Iran. Yet Trump is lifting oil sanctions on Russia. None of it makes sense, unless we accept that Trump is acting to benefit Russia, whether he is fully conscious of that or not. I'm inclined to believe he knows what he's doing, when he makes decisions that provide strategic advantage to Vladimir Putin. As the war evolved against Ukraine, Russia absorbed drone technology from Iran, the infamous Shaheed, scaled production, and according to Volodymyr Zelenskyy is now supplying Shahed drones back to Iran for use against the United States and Israel. Reuters, quoting Zelenskyy's CNN interview broadcast on March 15, says he called it “100% facts” that Iran has used Russian-made Shaheeds against U.S. bases. Reuters also added an important caveat: not every Shahed used in the region can be cleanly attributed from public evidence, and the exact manufacturer is not always clear. The strongest version of the claim is this: Zelenskyy says Russia is now feeding the very drone ecosystem that Iran once fed into Russia's war on Ukraine. (Reuters)Reports are coming out today even, that claim China is manufacturing drones for use by both Russia and Iran. This is the axis of authoritarians in full alignment on this issue at least. That is one of many grotesque inversions, in an episode where we struggle to make sense of it all.----------SUPPORT THE CHANNEL:https://www.buymeacoffee.com/siliconcurtainhttps://www.patreon.com/siliconcurtainhttps://www.gofundme.com/f/scaling-up-campaign-to-fight-authoritarian-disinformation----------SOURCES:Reuters, March 15, 2026 — Zelenskyy says Ukraine wants money and technology in return for Middle East drone help.Reuters, March 14–15, 2026 — Zelenskyy says Russia is supplying Iran with Shahed drones. AP, March 15, 2026 — Zelenskyy says talks are delayed and pushes back on Trump's dismissal of Ukrainian drone help.Reuters, March 13, 2026 — Zelenskyy says the Iran war distracts from Ukraine and that a Russian oil waiver could aid Moscow. Reuters, March 9, 2026 — Ukraine sent drone experts to protect U.S. bases in Jordan, Zelenskyy says. Reuters, March 10, 2026 — Ukraine sent air-defense teams to Qatar, the UAE, and Saudi Arabia. Reuters, March 5, 2026 — U.S. and Qatar discussed acquiring Ukrainian interceptor drones and jammers. Reuters, March 8, 2026 — Zelenskyy says Ukraine has unique drone experience and is ready to help partners. Bloomberg, March 13, 2026 — U.S. Army sent 10,000 interceptor drones to the Middle East that were used or developed for the Ukraine fight.The Guardian, March 12, 2026 — UK Defence Secretary says Putin's “hidden hand” lies behind Iranian drone tactics.Atlantic Council, March 12, 2026 — analysis arguing the Iran war highlights Ukraine's rise as a drone power. ----------SILICON CURTAIN LIVE EVENTS - FUNDRAISER CAMPAIGN Events in 2025 - Advocacy for a Ukrainian victory with Silicon Curtainhttps://buymeacoffee.com/siliconcurtain/extrasOur events of the first half of the year in Lviv, Kyiv and Odesa were a huge success. Now we need to maintain this momentum, and change the tide towards a Ukrainian victory. The Silicon Curtain Roadshow is an ambitious campaign to run a minimum of 12 events in 2025, and potentially many more. Any support you can provide for the fundraising campaign would be gratefully appreciated. https://buymeacoffee.com/siliconcurtain/extrasWe need to scale up our support for Ukraine, and these events are designed to have a major impact. Your support in making it happen is greatly appreciated. All events will be recorded professionally and published for free on the Silicon Curtain channel. Where possible, we will also live-stream events.https://buymeacoffee.com/siliconcurtain/extras----------
The Climate Question panel answer your queries. Do beavers protect the planet? Should we put solar panels in deserts? And why does the world need to upgrade its electricity grids?Host Graihagh Jackson puts your head-scratchers to Justin Rowlatt, BBC climate editor; Akshat Rathi, senior climate reporter for Bloomberg News and host of Bloomberg's Zero podcast; and Caroline Steel, presenter of BBC CrowdScience. Got a question for the next listeners' show? You can email us at theclimatequestion@bbc.com or leave a WhatsApp message at + 44 8000 321 721 Production team: Diane Richardson and Grace Braddock Sound Mix: Tom Brignell and Johnny Hall Production Coordinator: Brenda Brown Editor: Simon WattsPicture Credit: A beaver. Arterra/Universal Images Group via Getty Images
Mea Culpa welcomes back, the groundbreaking, congressional reporter, Hugo Lowell. Lowell reports on Washington Politics for the Guardian. And has broken a number of high-profile stories about the January 6th committee's investigation, including several scoops pertaining to Mark Meadows, the “war room” at the Willard Hotel and insider facts such as; Trump ordering his advisors NOT to comply with January 6 committee subpoenas. Lowell regularly appears as a political analyst on MSNBC. And is often a guest on Morning Joe, The Beat with Ari Melber, Velshi and All In with Chris Hayes. His reporting has been cited in the Washington Post, Bloomberg and the New York Times. Michael and Hugo dig deep into the DOJ, Judge Cannon, Tish James and what's coming for the Mango Mussolini.
The Iranian drone strike on Qatar's Ras Laffan industrial complex has sent shockwaves through global energy markets, triggering force majeure on 20 percent of the world's LNG supply and closing the Strait of Hormuz to commercial shipping. To understand what just happened and what comes next, Decouple is joined by Stephen Stapczynski, Bloomberg's leading LNG correspondent and one of the few journalists who has spent years tracking the shadow fleets, supply chains, and geopolitics that sit behind the world's fastest-growing fossil fuel market.This conversation traces how Qatar came to sit atop the world's most consequential gas reservoir, why Iran was never able to monetize its side of the same field, and how the shale revolution gave Washington the geopolitical freedom to let this crisis unfold. Stephen discusses the Arctic Metagas, the first LNG carrier ever successfully attacked, and what its destruction in the Mediterranean signals about a world in which the affordable, reliable LNG that was supposed to be the bridge fuel for the developing world was always premised on freedom of navigation holding.Listen to Decouple on:• Spotify: https://open.spotify.com/show/6PNr3ml8nEQotWWavE9kQz• Apple Podcasts: https://podcasts.apple.com/us/podcast/decouple/id1516526694?uo=4• Overcast: https://overcast.fm/itunes1516526694/decouple• Pocket Casts: https://pca.st/ehbfrn44• RSS: https://anchor.fm/s/23775178/podcast/rss
Emerging markets are back in focus in 2026 — not just as a cyclical trade, but as investors reassess performance leadership, diversification, and where growth is showing up in a shifting global paradigm. After a long stretch of disappointing returns, emerging markets have started the year strongly, alongside record interest from global investors. But the case for EM today is less about a single story — and more about dispersion across countries, sectors, and themes.In this episode of The Bid, host Oscar Pulido is joined by Alex Brazier, Global Head of Investment and Portfolio Solutions, and Sam Vecht, Portfolio Manager on BlackRock's Global Emerging Markets Equities team. Alex shares what he's hearing from investors across the U.S. and Europe, including the role of flows, sentiment, and portfolio positioning. Sam brings a bottom-up perspective on how emerging markets have evolved over the past two decades — and why market pricing hasn't always reflected economic progress.Together, they explore why emerging markets may play a different role in portfolios today: providing exposure to distinct parts of the AI buildout, offering potentially different valuation and earnings dynamics than developed markets, and responding differently to U.S. dollar moves. The conversation also highlights where opportunities may be emerging beneath the surface — from under-owned regions like Latin America and parts of the Middle East, to shifting sentiment around India — while underscoring the reality that EM remains volatile, cyclical, and highly heterogeneous.Key moments in this episode:00:00 Introduction01:56 Why emerging markets are drawing renewed investor attention in 202604:58 Two Decades of Underperformance06:16 Explaining The Diversification Mirage10:31 Where emerging markets can broaden portfolios — and where correlations still matter13:00 How Investors Can Get Exposure To Emerging Markets16:55 How dispersion across regions is driving more selective, active approaches19:09 Conclusions and Next EpisodeSources: BlackRock, data based on 1,245 EMEA survey submissions in February 3rd rapid response client call; BlackRock calculated using Aladdin data; “World Economic Outlook, Global Economy in Flux, Prospects Remain Dim”, IMF, October 2025; Bloomberg as at Dec 2025; BlackRock, Global Business Intelligence, as at 20 Feb 2026; BlackRock, Morningstar, Aladdin. Portfolio average allocation based on 166 Europe-domiciled Morningstar moderate-risk multi-asset FoF portfolios, positioning as of 31 December 2025. Global index refers to MSCI All Country World Index.Emerging markets, Emerging markets investing, Capital markets, Global diversification, AI investing, U.S. dollar, Latin America equities, India markets, Middle East markets, Global portfolio strategyThis content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As oil prices rise, the Spectator's cover story this week – written by deputy editor Freddy Gray – wonders if Trump's gamble has backfired, and Operation Epic Fury could end up more like Operation Epic Fail. What does it mean to describe Trump's plan as ‘failing'? And can we judge him by the same metrics that we have judged other presidents? For this week's Edition, host William Moore is joined by political editor Tim Shipman, Bloomberg Opinion columnist Adrian Wooldrodge and actress and campaigner Sophie Winkleman. Adrian, author of Centrists of the Worlds Unite!, explains why comparisons with the 1930s might not be as hyperbolic as they seem – while Sophie sees logic in using the diplomatic power of Britain's monarchy. Could the King be Britain's 'Trump' card?As well as the ongoing crisis in the Middle East, they discuss: if Starmer's inexperience has hindered Britain's defence policy; why the decline of the textbook spells trouble for Britain's students – and the prevailing sense that smartphones should be banned for children; and that, while boasting might be human nature – it's much harder for those of with left-wing sensibilities.Produced by Patrick Gibbons. Hosted on Acast. See acast.com/privacy for more information.
Amy King hosts your Friday Wake Up Call. The show opens with ABC News correspondent Rich Frankel opens the show talking about the two terror attacks in two states that took place yesterday and whether they are connected to what is going on in the Middle East. Amy talks with Dr. Joseph Mercola, Board Certified Family Medicine Physician, about your guide to cellular health and forever chemicals. We ‘Get in Your Business’ with Bloomberg’s Denise Pellegrini who speaks on what the markets are looking like as the week comes to a close. The show closes with ABC News entertainment reporter Will Ganss talking Oscars, Harry Styles on SNL, and Young Sherlock. See omnystudio.com/listener for privacy information.
Jeanine Pirro vowed to continue her investigation of Federal Reserve Chair Jerome Powell after a judge rejected subpoenas issued to the central bank, threatening to delay the confirmation of Kevin Warsh as Powell’s successor. US District Judge James Boasberg said the government had advanced no evidence to justify the subpoenas — relating to renovations to the Fed’s headquarters and Powell’s comments about the project — and said they clearly reflected an “improper motive” of retaliating against Powell over policy differences. Pirro, who leads the US Attorney’s Office for the District of Columbia, called the ruling wrong and said they would appeal the decision. “This process has been arbitrarily undermined by an activist judge,” Pirro said in a press conference Friday. “The process should have been allowed to run its course, and it wasn’t. And shame on them.” For instant reaction and analysis, Bloomberg Businessweek Daily cohosts Carol Massar and Tim Stenovec speak with: June Grasso, Bloomberg legal analyst and host of Bloomberg Law Michael McKee, Bloomberg International Economics & Policy correspondent Tim O'Brien, Bloomberg Opinion senior executive editor See omnystudio.com/listener for privacy information.
Burlington Stores CEO Michael O'Sullivan says an aggressive response to tariffs led to "spectacularly successful" earnings growth. He speaks with Bloomberg's Matt Miller and Dani Burger. See omnystudio.com/listener for privacy information.
As oil prices rise, the Spectator's cover story this week – written by deputy editor Freddy Gray – wonders if Trump's gamble has backfired, and Operation Epic Fury could end up more like Operation Epic Fail. What does it mean to describe Trump's plan as ‘failing'? And can we judge him by the same metrics that we have judged other presidents? For this week's Edition, host William Moore is joined by political editor Tim Shipman, Bloomberg Opinion columnist Adrian Wooldrodge and actress and campaigner Sophie Winkleman. Adrian, author of Centrists of the Worlds Unite!, explains why comparisons with the 1930s might not be as hyperbolic as they seem – while Sophie sees logic in using the diplomatic power of Britain's monarchy. Could the King be Britain's 'Trump' card?As well as the ongoing crisis in the Middle East, they discuss: if Starmer's inexperience has hindered Britain's defence policy; why the decline of the textbook spells trouble for Britain's students – and the prevailing sense that smartphones should be banned for children; and that, while boasting might be human nature – it's much harder for those of with left-wing sensibilities.Produced by Patrick Gibbons.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts. Contact us: podcast@spectator.co.uk Hosted on Acast. See acast.com/privacy for more information.
Jeanine Pirro vowed to continue her investigation of Federal Reserve Chair Jerome Powell after a judge rejected subpoenas issued to the central bank, threatening to delay the confirmation of Kevin Warsh as Powell’s successor. US District Judge James Boasberg said the government had advanced no evidence to justify the subpoenas — relating to renovations to the Fed’s headquarters and Powell’s comments about the project — and said they clearly reflected an “improper motive” of retaliating against Powell over policy differences. Pirro, who leads the US Attorney’s Office for the District of Columbia, called the ruling wrong and said they would appeal the decision. “This process has been arbitrarily undermined by an activist judge,” Pirro said in a press conference Friday. “The process should have been allowed to run its course, and it wasn’t. And shame on them.” For instant reaction and analysis, Bloomberg Businessweek Daily cohosts Carol Massar and Tim Stenovec speak with: June Grasso, Bloomberg legal analyst and host of Bloomberg Law Michael McKee, Bloomberg International Economics & Policy correspondent Tim O'Brien, Bloomberg Opinion senior executive editor See omnystudio.com/listener for privacy information.
Season 6, Episode 726: Surprisingly, Genevieve LeJeune founded Skirt Club to address a need she felt in her own life, only to discover 25,000 other women felt the same way. The private members club creates women-only spaces where nervous systems can relax, and genuine connection happens without performance or fear of judgment. After spending 15 years in finance enduring workplace harassment that was simply normalized, Gen witnessed how women of her generation were conditioned to survive in male-dominated environments. She started hosting champagne parties that grew from 15 to 150 attendees within a year, revealing just how many women needed a supportive environment to explore their sexuality without shame. (The demand was staggering.) Through building communities across 36 cities worldwide with 27,200 members, Gen discovered that women's fundamental needs are surprisingly universal across cultures. Her events have evolved beyond sexuality into something broader to include embodiment, connection, and authentic self-expression. When women abandon people-pleasing patterns and reconnect with their bodies, they experience profound personal liberation. Lejeune emphasizes that sisterhood and reduced judgment among women could genuinely transform society. By helping each other ask for support and building confidence through collaboration rather than competition, women create the foundation for lasting peace. Find out more: Instagram, TikTok, Facebook, YouTube, LinkedIn and the Skirt Club website Founding Skirt Club for Women's Sexual Empowerment Women's Only Spaces Create Safety and Intimacy Creating Safe Spaces for Women to Thrive Women Supporting Women Across the World Women's Sexual Pleasure and Empowerment Learning to Say No Without Guilt Generational Views on Internet and Sexual Exploration Women Fear Risk, Men Just Try It Ethical Non-Monogamy and Relationship Transparency Breaking Sexual Taboos for Women's Pleasure Women Owning Their Sexuality and Independence Women's Activism and Social Movements Community Care and Sexual Exploration Events Women's Empowerment Through Connection and Embodiment Where to Find Skirt Club Online Ruan's novella: The Arousal Package PodNation Podcast Affiliate link, Get 15% OFF with code podna15 on Ryze Coffee at https://www.ryzesuperfoods.com/ Support the show and get exclusive content Sign up for Ruan's Newsletters https://subscribepage.io/ruanwillow Get 10% OFF ENTIRE ORDER (min. purchase $69, no usage limits) with code RUANWILLOW10 on pleasure sex toys at https://www.kiiroo.com/ https://offers.feeliate.com/to92wTJh Affiliate link, collect your body's health and sexual health info with a wearable device for men from Firm Tech 15% OFF with code ruan15 https://myfirmtech.com/ruanwillow BeeDee app. Enter the code ohfuckyeah on the Whips ('superlikes') page to get 1 free Whip, use my affiliate link to check out this app at https://beedee.app/?r=ohfuckyeah The Fantasy Box, where you can try out a similar fantasy in a box, or find a theme you like! (affiliate link) https://thefantasybox.sjv.io/c/6250602/2141126/26423 Copyright 2026 Pink Infinity Publishing. All Rights Reserved. Key Takeaways: • **Women's behavior and openness fundamentally changes in all-female spaces** — nervous systems relax and genuine vulnerability emerges without male presence, creating conditions for authentic connection that mixed-gender environments cannot replicate. • **Bisexual and bi-curious women represent an underserved market hungry for community** — the jump from 15 to 150 members in one year demonstrates massive unmet demand for judgment-free spaces where women can explore sexuality openly. • **Overcoming shame requires both safe spaces and exposure to diverse perspectives** — cultural conditioning around female desire is universal across cultures, but can be collectively unlearned through supportive communities and exposure to how other women authentically live. GENEVIEVE LEJEUNE is the founder of Skirt Club, a private members club for bi-curious & bisexual women. With more than 25,000 members globally, women are more interested in each other than ever. She was the first to curate luxurious global events where women can put their own desires first, and gain confidence from the bedroom to the boardroom. A leading figure in the movement for women's sexual empowerment, Genevieve has been interviewed for high-profile publications such as Marie Claire, Elle Magazine, Cosmo, Bloomberg, Rolling Stone and the Sunday Times.
The crew discusses whether prediction markets enable “Bloomberg terminal espionage,,” wonder how to regulate markets that could be on anything, dive into why the OCC is saying no to stablecoin yield and more. The SEC has submitted guidance on how securities laws apply to crypto to the White House. DEX in the City hosts Jessi Brooks, Katherine Kirkpatrick Bos and TuongVy Le dig into what the proposal could mean for the crypto industry and whether it could be enough to provide developers regulatory clarity as anticipated market structure legislation stalls. Why is the agency submitting guidance to the White House? Plus, KK explains why current regulatory efforts could lead crypto to resort to more “come at me bro” legal tactics and Jessi covers why the industry may regret the U.S. Supreme Court's decision to overturn Chevron deference. Beyond the SEC's recent crypto regulatory move, the crew discusses the arrest of the son of a government contractor alleged to have stolen the U.S.'s bitcoin, what the DOJ's planned retrial of unresolved charges against Roman Storm suggests and why banks are up in arms over Kraken's “skinny” Fed master account. They also discuss why the crypto industry should tighten up security as Iranian groups target U.S. banking services and tech infrastructure. Hosts: Jessi Brooks, General Counsel at Ribbit Capital Katherine Kirkpatrick Bos, General Counsel at StarkWare TuongVy Le, General Counsel at Veda Links: Unchained: SEC Sends Crypto Securities Framework to the White House Blame Exchanges for Holding Up the Market Structure Bill? - DEX in the City DOJ Pushes for Retrial of Tornado Cash Developer Roman Storm Kraken Wins Direct Access to the Fed's Payment System Learn more about your ad choices. Visit megaphone.fm/adchoices
Chance and Zac talk through changes to Apple's leadership website and what they signal for the future. There's also a pair of new Bloomberg reports focused on Apple's delayed Siri smart display product, plus the looming iPhone Fold's software interface. Finally, they go in-depth on MacBook Neo, discussing Chance's review and answering some Ask9to5Mac questions. And in Happy Hour Plus, the pair do a check-in on Apple Vision Pro and whether there's about to a big boom in gaming. Subscribe at 9to5mac.com/join. Sponsored by BenQ: Check out BenQ's smarter displays made for how Mac users actually work and sign up for the giveaway here. Sponsored by Shopify: See less carts go abandoned and more sales. Sign up for a $1 per month trial at shopify.com/happyhour. Sponsored by HelloFresh: America's #1 meal kit! Get 10 free meals + a FREE Zwilling Knife (a $144.99 value) on your third box at HelloFresh.com/happyhour10fm. Hosts Chance Miller @ChanceHMiller on Twitter @ChanceHMiller on Instagram @ChanceHMiller on Threads Benjamin Mayo @bzamayo on Twitter @bzamayo@mastodon.social @bzamayo on Threads Subscribe, Rate, and Review Apple Podcasts Overcast Spotify 9to5Mac Happy Hour Plus Subscribe to 9to5Mac Happy Hour Plus! Support Benjamin and Chance directly with Happy Hour Plus! 9to5Mac Happy Hour Plus includes: Ad-free versions of every episode Pre- and post-show content Bonus episodes Join for $5 per month or $50 a year at 9to5mac.com/join. Feedback Submit #Ask9to5Mac questions on Twitter, Mastodon, or Threads Email us feedback and questions to happyhour@9to5mac.com Links Apple adds Steve Lemay and Molly Anderson to its leadership page Apple reportedly targeting smart home display release around iOS 27 iPhone Fold expected to include new app features, including side-by-side multitasking MacBook Neo review: A truly great Mac at an unbelievable price Julia Krist's MacBook Neo Review 'World's most advanced flight simulator' will soon work with Apple Vision Pro First footage shows X-Plane 12 on Vision Pro, including an ARKit trick in action
Retired NYPD Lieutenant Darrin Porcher makes his debut with Sid live in-studio to talk about growing public disrespect for police, which Porcher attributes to the Bill de Blasio administration. Porcher criticizes current City Hall leadership and says Police Commissioner Jessica Tisch should resign rather than serve policies he believes harm public safety. He argues Mayor Mamdani is a catastrophic failure, questions who funded him, and says Mamdani's opposition to adding 5,000 officers and preference for social workers reflects anti-police views; Porcher claims 98% of NYPD dislike Mamdani but continue serving residents. He contrasts Giuliani and Bloomberg's public-safety “template” with de Blasio and Eric Adams, and says Mamdani's promises of “free” programs have led to taxes and new parking charges, creating a leadership vacuum and prompting calls for impeachment. Learn more about your ad choices. Visit megaphone.fm/adchoices
Our host, Hilary Knight, speaks with Alex Costas of Bloomberg Connects about the nonprofit's history and mission – and how its free platform and dedicated support team help institutions and districts worldwide tell their own stories through thoughtful digital storytelling.External references: Bloomberg Connects: https://www.bloombergconnects.org/ Bloomberg Philanthropies Arts: https://www.bloomberg.org/arts/ Denver Art Museum on Bloomberg Connects: https://www.denverartmuseum.org/en/bloomberg-connects Museo de Arte Popular: https://www.map.cdmx.gob.mx/ Portland Japanese Garden: https://japanesegarden.org/visitvirtually/ About our guest:Alex Costas is the Global Head Recruitment, Onboarding & Relationship Management at Bloomberg Connects, the free arts and culture app that offers digital guides to hundreds of cultural organizations around the world. Prior to joining Bloomberg Connects, Alex worked with the City of New York at the New York City Economic Development Corporation and NYC Tourism & Conventions encouraging businesses and tourists to choose NYC. Alex is a native New Yorker, a resident of Brooklyn. +
Amy King hosts your Thursday Wake Up Call. ABC News crime and terrorism analyst Brad Garrett opens the show discussing the warning of possible drone style attacks targeting California and the west coast by Iranian proxies. ABC News correspondent Jordana Miller joins the show live from Jerusalem talking about the loud explosions heard early Thursday morning in Jerusalem. Amy expands on yesterday’s conversation regarding the international hand signal for help and what someone should do if they see someone signaling to them. We ‘Get in Your Business’ with Bloomberg’s Denise Pellegrini discussing how the markets are looking today. The show closes with Amy talking with ABC News national reporter Jim Ryan about the upcoming World Cup in Los Angeles and what ticket pricing is gearing up to be.See omnystudio.com/listener for privacy information.
Michael Dell, chairman and CEO of Dell Technologies, and Darío Gil, US Department of Energy under secretary for science, talk about working together on the build-out of a national AI infrastructure. Dell also comments about Anthropic's dispute with the Pentagon over using AI tools. They speak to Bloomberg's Ed Ludlow.See omnystudio.com/listener for privacy information.
Korey Dropkin, US Olympic Curling Silver Medalist, speaks on curling's rise in popularity and the launch of Rock League with Bloomberg's Tom Keene and Alexis ChristophorousSee omnystudio.com/listener for privacy information.
Former IMF Deputy Managing Director & Harvard University Professor of Economics Gita Gopinath says that rising oil prices triggered by the war in Iran are adding new pressures to already fragile US economy. She speaks with Bloomberg's Tom Keene and Alexis Christophorous. See omnystudio.com/listener for privacy information.
This is our daily Tech and Business report. KCBS Radio News Anchor Scott Cohn spoke with Bloomberg's Biz Carson. A group of Silicon Valley billionaires is banding together to create a fund to protect their political interests.
This week on The Business of Watches, we're in La Chaux-de-Fonds to talk to the man heading Greubel Forsey, one of the most revered and respected brands in independent watchmaking. The company had been on a recent roll, with Meta CEO and chairman Mark Zuckerberg seen wearing its pricey timepieces and a 'Mechanical Exception' win for its Nano Foudroyante at the Grand Prix d'Horlogerie Genève (a watch also in Zuckerberg's collection). Then news broke that Stephen Forsey, one of the brand's founders, was stepping down from the board, and, in a widely-seen social media post, Forsey said he had been "disengaged" from his duties by the board and chose to resign. Nydegger tells us some of the backstory to the situation and how the company plans to move forward under stable ownership. Greubel Forsey isn't looking for investors, and should Forsey want to sell his minority stake, Robert Greubel, his fellow co-founder and majority owner, has a right of first refusal on the shares. So where is Greubel Forsey headed? Nydegger says the only thing shrinking will be the size of its timepieces as it continues a push to make its watches more wearable and possibly prices as they are trying to produce an entry-level watch in the lineup priced at around CHF 120,000 or less. They haven't quite got there just yet. But first, we're joined by Arthur Touchot, the co-founder of Marteau & Co., to talk about his upstart auction house's plans to cut independent watchmakers in on the sale proceeds. For its sophomore edition, called 'The Echo', Marteau is auctioning off watches from independents, including Simon Brette, a Berneron Mirage Tiger Eye, vintage Daniel Roth, and an Audemars Piguet Starwheel. So will mighty AP be in line for 3% of the hammer price? Tune in to find out. Show Notes 1:30 Arthur Touchot 2:40 Marteau & Co. 4:13 New Swiss Auctioneer Aims To Bring 'Artist's Resale Right' Concept To Independent Watchmaker Sales 6:21 The Echo catalogue (Marteau & Co.) 11:40 M.A.D. Gallery Geneva 12:52 AHCI 14:11 Audemars Piguet Starwheel (Hodinkee) 16:08 Greubel Forsey (The Art of Invention) 19:14 Greubel Forsey Gets New CEO - Michel Nydegger (SJX) 20:20 Introducing The Greubel Forsey Double Tourbillon Technique Black, The First Titanium Watch From Greubel Forsey 20:40 Guy Takes $600,000 Greubel Forsey Double Tourbillon 30 Degrees Technique Swimming, Resists Heart Attack (Hodinkee) 24:02 Quadruple Tourbillon The History 24:50 Interview: Giulio Papi, Director Audemars Piguet Renaud & Papi (Hodinkee) 29:59 Greubel Forsey Watches: A Division of Labor (NYT paywall) 32:01 Micro-machinist in watchmaking (FHH) 38:20 These Watches Used To Be A Secret Of The Ultra Rich. Not Anymore. (Bloomberg paywall) 46:30 Stephen Forsey, Co-Founder Of Greubel Forsey, Steps Down From Company Board (Hodinkee) 49:02 Michel Nydegger acceptance speech GPHG 2025 Mechanical Exception prize (GPHG Youtube) 54:40 Mark Zuckerberg Wears $900,000 Watch To Announce End Of Meta Fact Checks (Bloomberg paywall) 55:30 Greubel Forsey Family
Artificial intelligence continues to dominate headlines and investment flows, but understanding the technology behind it requires looking beyond the hype and into the structure of the ecosystem itself. In this episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, Chief Macro Strategist at Carson Group, sit down with Steve Hou of Bloomberg and Kai Wu of Sparkline Capital to explore how the AI economy actually works, from the infrastructure powering it to the applications beginning to reshape industries.The conversation moves through the full AI stack, including semiconductors, computing power, models, and software layers, while also examining how competition, innovation, and investment are shaping the next phase of the technology cycle. Key Takeaways• The AI stack matters: Chips, infrastructure, models, and applications each play a distinct role in the ecosystem• Compute demand keeps expanding: AI adoption continues to drive demand for semiconductors and data infrastructure• Competition is accelerating: Innovation across companies may push AI models toward commoditization• Productivity gains will vary: Some sectors may see faster AI-driven improvements than others• Markets are pricing the shift: Investor expectations around AI continue shaping technology and equity marketsSteve Hou and Kai Wu are not affiliated with CWM, LLC. Opinions expressed by this individual may not be representative of CWM, LLC.Jump to:0:02 — Opening And Guest Intros1:46 — Kai And Steve's Quant Backgrounds6:56 — Two ChatGPT Moments And AI Agents10:45 — Compute Demand And Industrial Tailwinds17:03 — Models Commoditize, Orchestration Rises23:39 — AI, Inflation, And Energy As Constraint31:17 — Europe, Korea, And Defense Capacity38:02 — Software's Reset And Duration Risk46:30 — Timelines, Diffusion, And S-Curves53:05 — Active Selection Across Regions59:15 — Building Firms With AI Force Multipliers1:03:49 — Mentors, Simplicity, And Implicit Knowledge1:05:44 — Closing And DisclaimersConnect with Ryan:• LinkedIn: https://www.linkedin.com/in/ryandetrick/• X: https://x.com/RyanDetrickConnect with Sonu:• LinkedIn: https://www.linkedin.com/in/sonu-varghese-phd/• X: https://x.com/sonusvarghese?lang=enQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.com
Text us your questions and thoughts!What if the fastest way to elevate your career is to get more human as you get more technical? We sit down with Tamara Kempf, Regional Director, EMEA Customer Success at AppDynamics (a Cisco company), to unpack her career built on curiosity, grit, and the kind of EQ that technology can't replace. We trace her journey from science student to landing a first job at Bloomberg to now Cisco Customer Success leader, turning setbacks into growth, and using AI where it counts without losing the human edge. You'll hear practical stories of how to save days of work, coach teams with empathy, and hire for skills that last.In this episode, we talk about:Lessons from Bloomberg on customer advocacy without authorityIntegrating a startup culture into Cisco's Customer Success teamPragmatic AI use cases that compress a full day's work into minutesHow to create a safe culture to experiment and share failuresRedefining productivity as making time to be humanThe secret to being a great leaderIf you're navigating customer success, leadership, AI adoption, or all three, you'll find tactics you can try today and a mindset that lasts. Subscribe, share with a teammate, and leave a review to help more people discover conversations that move careers forward.
Lisa Shalett, Chief Investment Officer at Morgan Stanley Wealth Management, examines why markets remain resilient despite war and oil shocks. She speaks with Bloomberg's Tom Keene and Damian Sassower. See omnystudio.com/listener for privacy information.
Carlyle Group Chief Strategy Officer of Energy Pathways Jeffrey Currie says the Iran war is already impacting the entire global energy supply chain and it will take months to unwind the damage. He speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern on Bloomberg Surveillance.See omnystudio.com/listener for privacy information.
Republican Senator Rand Paul of Kentucky discusses the costs of war, ICE in cities, and the future of the Department of Homeland Security. The Senator speaks with Bloomberg's Joe Mathieu from the Capitol.See omnystudio.com/listener for privacy information.
Uber will let customers hail robotaxis from Amazon’s Zoox, starting in Las Vegas this summer. Uber Technologies CEO Dara Khosrowshahi and Zoox CEO Aicha Sar Evans discuss what the partnership will offer to riders. They speak with Bloomberg's Ed Ludlow in San Francisco.See omnystudio.com/listener for privacy information.
Former St Louis Fed President Jim Bullard discusses the state of the Federal Reserve amid Kevin Warsh's nomination process. Republican Senator Thom Tillis says he's still waiting for the DOJ to end the probe into Chair Powell before he votes to confirm Warsh. Bullard speaks with Bloomberg's Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern.See omnystudio.com/listener for privacy information.
Keith is joined by housing market intelligence authority Rick Sharga—a frequent guest on outlets like CNBC and Bloomberg who "quietly gets it right" rather than chasing clickbait crashes. Together, they dig into whether America really has a housing shortage and how that lines up with what you're seeing in prices and inventory. They explore why entry-level homes are so constrained and what that means for both investors and homebuyers. They also examine how mortgage rates, builder behavior, and demographic shifts could shape housing demand and investment opportunities over the next several years. Episode Page: GetRichEducation.com/596 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text 1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review" For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 Keith, welcome to GRE I'm your host. Keith Weinhold, does America really have a housing shortage? And if so, how long will it last? Those answers and more, with an expert guest and I today on get rich education. Speaker 1 0:19 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Keith Weinhold 1:03 the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com Speaker 2 1:36 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:46 Welcome to GRE from Nantucket, Massachusetts to Pawtucket, Rhode Island and across 188 nations worldwide. America's favorite shaved mammal on a microphone has got his slack jawed act back on track for another wealth building week with you. I'm Keith Weinhold. This is get rich education. I'm still not wearing a pair of knockers, and I've returned here to bring you more value than your HOA dues. It's kind of crazy that America First put a man on the moon, and we're the first nation to put a man on the moon in 1969 and yet today, we have trouble housing our own people here on Earth. Shortly, we're going deep on does America really have a housing shortage first? Sometimes real estate investors can learn lessons from the stock market about the future direction of housing prices and demand and just simply what assets people have demand for, how AI is disrupting some stock sectors. Has been rather germane lately. One CEO made this perfect example. It's about how two different stocks travel search engine Expedia and Delta Airlines, those two stocks were once closely tied together. Their share prices used to be correlated, but they've gone in separate directions. See, Expedia offers you a service that can be replicated by bots, but delta has actual planes that take you somewhere, and it's hard for AI to replace that. This is why there's been a recent push toward more tangible stocks and tangible assets, a divergence, an attraction to assets that give you a share of either a tangible good, or, in the case of something like an airline, a service that's directly tied to something tangible. And similarly, commodities like gold, silver and copper cannot be replaced by AI. Neither can real estate. There is a growing sense to own things that can't be disrupted, dematerialized and demonetized by AI, like so much software can. In fact, as overall stock market valuations are lofty. You know, some people have become rather wary of an AI speculative bubble that perceptive to this demand. Just a few weeks ago, Goldman Sachs introduced an everything but AI index, yeah, where you can invest in a basket of companies that are sheltered from Ai disruption, this everything but AI index that's attracting investors. In fact, there's another trend that interfaces with real estate that just launched recently too today, you can wager on future homes. Prices through the platform, poly market, yes, place bets for profit or loss on the future direction of the median home price. In fact, one recent college graduate joked, I was born too late to afford a house, and born just in time to gamble on people who can buy a house? Yeah, you're probably familiar with poly market by now. It's the prediction market that lets you speculate on things like elections and Fed rate decisions and various geopolitical events and other real world outcomes. Well, they have launched a set of real estate markets that allow users to bet on future home values. The way it works is that you can wager on future home values in New York, Los Angeles, Miami, San Francisco and Austin, Texas, as well as US national home values. So that's six different markets. Now I haven't gambled on Poly market, I had checked it at times to get an idea of where people really think markets are headed or what's going to happen next. Because, rather than major media, where sometimes as a hype machine, they create headlines that scare you in order to try to get clicks, well, instead of all that, regular people are placing their money on polymarket, and you can look at what that action is like, because that can be a more reliable harbinger of future price direction at last check with a national median home price of about 420k with the numbers, poly market is using one month from now, 66% of people think that home prices will rise. And it's more nuanced than that. You can bet on just what price range you believe home prices will fall into one month from now. And this is nothing that I recommend wagering on, but besides an interesting trend, yeah, you can get that idea of where real people actually believe markets are headed. As we're about to talk to national housing expert Rick sharga on whether or not we really have a housing shortage, we've got new data about the level of housing permits. Of course, housing permits are a gage of the level of future housing inventory, because after a permit is issued, it's typically six to 12 months until a single family home is built. But I'll share that with you near the end of the show, because it makes sense to cover this with you in chronological order. We'll discuss housing supply first, and then I'll tell you about the future supply direction based on housing permits. Now, you know from the inception of this show in 2014 I talked about the why of real estate investing before the how with anything in life, it's only when you truly know why you're doing something that you'll profoundly care about the how and you'll want to do it well. In fact, when I do an in person real estate presentation, one of the modules that I teach most often is simply called Why real estate. The biggest Why is not altruistic, although that matters, and that's part of it. But instead it's that real estate pays five ways. That's the biggest why any GRE devotee knows that the five ways are simultaneously paid, are appreciation, cash flow, ROA tax benefits, and not inflation hedging. But specifically inflation profiting. Yet I have found multi decade real estate investors that don't understand this, the most valuable hour that you can spend is knowing all the ways that you're paid and seeing and believing how your total rate of return of 20% 30% or even 40% is not far fetched or risky, but it's actually common and even estimated conservatively. If you're initiated on this, you already know, but if you aren't, it can sound a little hard to believe what I just said right there, I recently reshot the entire real estate pays five ways video course, and it's the most valuable hour of investing video content that you're likely ever to see. It's premium, masterclass level content. I'm just giving it away for free because people need to know this. And actually, on the newest shoot, I've condensed it down into just 40 minutes of content across the five videos, one instructional video for each of the five ways you're paid. The videos average eight minutes. So that's about 40 minutes total, and they build on. Each other. So at the end of each one, you get to see your cumulative rate of return. It just keeps adding up, and you know exactly where all of the numbers come from. That's why it's more conducive to video form than audio form. I know that many of you have seen it, but if not, it is foundational, and I cannot recommend it enough. It's free and available to you now. At get richeducation.com/course, get that now, while it's on your mind. At get rich education.com/course, more next, I'm Keith Weinhold, this is get rich education. Keith Weinhold 10:39 Flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio, through a 721 exchange, deferring your capital gains tax and depreciation recapture, it's a strategy long used by the ultra wealthy now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE, that's F, l, O, C, K, homes.com/gre. Keith Weinhold 11:16 You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program. When you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom, family investments.com/gre, or send a text. Now it's 1-937-795-8989 Yep. Text their freedom coach directly. Again, 1-937-795-8989, Kathy Fettke 12:27 this is the real wealth network's Kathy betke, and you are listening to the always valuable get rich education with Keith Weinhold. You Keith Weinhold 12:46 Is America really short millions of homes? If so, that doesn't mean every market is undersupplied, and prices can only go up because of it. If there's a housing shortage, why are prices falling in some cities? So the shortage? Is that something that's real, or is it just misunderstood, and you're gonna learn what it means to you? I'm get rich education's Keith Weinhold along with an intelligence authority today that usually gets it right. In fact, I found an old clip of him on Bloomberg where he suggested home prices bottoming in 2011 and as it turns out, they sure did today, together, we're answering the question, does America really have a housing shortage? And my guest has often appeared in major media, CNBC, Fox NPR. He's the founder of the CJ Patrick company. Hey, welcome back to the show. Rick sharga, Rick Sharga 13:39 good to see you again. Keith, thanks for inviting me. Keith Weinhold 13:41 You know, it's funny. Four years ago, Rick and I found each other, and we sort of checked each other out. I found him to be an authority that just doesn't go on saying this bombastic and absurd stuff just to get attention. Instead, he quietly gets it right, and when he knew I had a real estate YouTube channel, similarly, I resonated, because I'm not one of these people that's constantly saying that housing prices are going to crash just to get views and then those crash. People never follow up when they're wrong, and they've been wrong for about 14 years now. But Rick, rather than prices, we're here to understand if there's really a housing shortage today, most agencies believe we have a shortage. Moody's will tell you 2 million. Zillow, four to 5 million. Congressional Republicans have gone on to say 20 million. I sure don't know about that. And then yet, Rick sometimes at the same time, you do see these conflicting stats, where it says that sellers outnumber buyers today, which sort of flies in the face of a housing shortage. So what is your take amidst all this? Rick Sharga 14:46 Well, Keith, I think what we're seeing is a fairly obvious example that if you torture data enough, you can make it say anything in the right you wanted to say. And there is a lot of confusion about how much. A housing shortage we really do have. It's not like we have 20% of the population unable to find anywhere to live. Most people still prefer to live indoors, and they've been able to do so, but the fact of the matter is that all of the math suggests that we are underserved in terms of the number of housing units available across the country, and we can go through some of the math. The big question, of course, is, how many houses are we short? How many housing units are we short? And the reason the numbers are all over the place, and as you suggested, let's set aside the Republican estimate of 20 million, because there's, there's certainly something political going on there, but the estimates range from around a million to as high as five or 6 million. And the reality is all of those estimates are counting something different. Some are counting housing growth versus population growth. Some are counting vacancy rates compared to historic levels, some are counting inventory available for sale today versus inventory available to sale in prior years. So each of these organizations, and they're all pretty reliable organizations, Moody's is certainly good. Zillow's research team is top notch. Fannie Mae and Freddie Mac the National Association of Realtors. None of these people are hiring dime store economists. They're all good folks, but they're all measuring something slightly different, which is why these numbers come out all over the place, and the one of the fundamental challenges is trying to figure out housing shortages compared to what, or compared to when. All of these estimates assume that there was some point in history when we had exactly the right number of housing units to suit the needs of the population. So they start with some point in time, and I think if you did enough research, you find they all start at slightly different points in time, and then kind of work their way forward from that and come to very different conclusions, again, based on where they started and where they ended up, and what they count. The one thing I would push back on a little bit from some of your comments in the intro is that I am highly, highly skeptical, extraordinarily skeptical of the reports that talk about how many more sellers we have than buyers, because that makes some wild assumptions about the number of people that are actually interested in buying a house. And I've never seen any research methodology that's really nailed that number accurately. Because nobody knows if you're thinking about buying a house right now, until you go to an open house until you do a search on on Zillow, or realtor.com or homes.com until you actually are applying for a loan or making a deposit. So the notion of being able to mind read three 40 million Americans to figure out how many of them are interested in buying, I think, is a neat trick, but I do think it's at least in part one of those methods that people use to get a lot of clicks to their website Keith Weinhold 18:05 right? This whole thing of and I think when we talk about sellers versus buyers, that's shorthand. What we really mean are, there are some stats out there that show that prospective sellers outnumber prospective buyers, in some cases, which, yeah, I think I agree with you there. I doubt that as well. And yeah, of course, I think you're getting on some of the nuance here. We're trying to predict how some people would behave. For example, how much pent up demand is there when we're talking about sellers versus buyers, and we're talking about a shortage, for example, say, the 28 year old living with their parents that could move out and afford to buy a home if mortgage rates hit 5% like for example, how do you count that? Or, how would you even know to Rick Sharga 18:53 it's a valid point. Keith, and I think that fundamentally, is my question. With that particular report, you really can't count that person. We do have some metrics that we follow, and it's funny, you mentioned that 5% mortgage, because as we record this, mortgages have broken that 6% threshold for the first time in a number of years. And just about every kind of mortgage you could buy right now is below 6% so that's a good thing. And every time we've gotten close to that 6% mark. In recent years, since mortgage rates doubled back in 2022 we've seen a huge influx of people applying for purchase loans, for those mortgage loans to buy a house, those numbers are up somewhere between 13 and 15% year over year right now, and that's before we've really had these mortgage rates dip below 6% so to me, that suggests there really is pent up demand out there, and I judge that just based on what I see in terms of a number of people actively applying for a loan. Keith Weinhold 19:54 Yeah, there's a lot of nuance here. HUD tells us that we have more. Homeless people than we've ever had in this nation. So that's sort of an extreme affordability problem. To your point earlier about how most people want to live indoors, and I'm sure not making light of homelessness. It's a sad situation, but we're always going to have homeless people regardless of whether we have excess housing or a housing shortage. We have about 146 million housing units in the United States. The census shows and suggests that 8 million of those 146 million are housing units where people have doubled up and are sharing space with non relatives. That's one way to think about the level of pent up demand within the shortage, Rick Sharga 20:44 I don't know if that's a result of shortage necessarily, or if that's a result of having the weakest affordability for people looking to buy homes that we've had in over 40 years. The last time affordability was as bad was the 1980s and the reason affordability was bad back then was because mortgage rates were at 1819, 20% and it made it very difficult for people to afford homes. But we're coming out of a very unusual cycle, and this is a little bit off topic from our inventory question, but it's the only time in US history when two conditions have hit the housing market back to back, if you go back to covid, coming out of covid, we saw home prices go up nationally by over 50% in about 18 months. It was a huge, huge, unprecedented increase. Yeah, and right on the heels of that, as inflation started to get out of control, the Federal Reserve had to take pretty extreme measures to get that back down. So they started playing with the Fed funds rate, and we saw mortgage rates double in 2022 in the history of the country, according to Freddie Mac we've never seen mortgage rates double in a calendar year. And in 2022 They not only doubled in a calendar year, they doubled in the space of a few weeks. So we're coming out of a period where home prices went up by over 50% and then mortgage rates doubled, and it just crushed affordability. So the people that have been looking to buy a $400,000 house suddenly realized they could only afford a $200,000 house, and there were none of those around. It's really why home sales have gone down as rapidly as they had volume of sales. In 2021 we sold 6 million existing homes. In 2022 it dropped to 5 million. And for the last three years, we've been sitting at around about 4 million annual sales of existing homes. And again, that doesn't suggest a lack of inventory, a lack of homes, because there are fewer people buying, and there's more properties staying on the market longer. But the underlying numbers, the underlying metrics we would look at, are where we can start to kind of deduce that there aren't enough homes. For example, you mentioned that there are about 146 million housing units across the country. Most recent census data I have from the end of 2024 says it's about 140 748, 40 748 million. So it's up just slightly from your number. That represents a growth of about 6.7% in housing units between 2010 and 2024 during the same period of time, the population went from about 309 million to about 340 1 million, and that represents a growth rate of about 7.4% so if everything else stayed equal, your population grew at a faster rate than your housing units did. And that suggests that even if the number of housing units was ideal back in 2000 it's somewhere less than ideal by the time we got to the end of last year, Keith Weinhold 23:42 we're talking with Rick sharga. He's the founder and owner of the housing market intelligence firm, the CJ Patrick company. We're answering the question, does America really have a housing shortage? We're getting a yes there. And before we're done, we're going to talk about, how long could the shortage persist? But Rick, you spoke to affordability, and I think that has a lot to do with the nuances within the shortage, and that brings up shortages within the luxury tier versus shortages in the entry tier. And the entry tier is really what a lot of our listeners and viewers are interested in, because we're used to buying those as rental properties. So can you tell us about that? Rick Sharga 24:23 It's a great point, Keith. And what we've been talking about so far is kind of a structural shortage in the overall number of housing units that could be purchased, could be owner occupied, could be rented. And one of the culprits there, and I will answer your question, I promise, one of the culprits there is that builders simply haven't built that much. If you look at the long term average, like 2025 years, the average number of housing starts was somewhere between 1.3 and 1.4 million a year coming out of the Great Recession in 2010 so you look at that last 15 year period or so, 12. Of those years, they've started less homes than that long term average. So builders simply haven't been keeping pace, not only with population growth, but also with just the ability to create enough homes in general, to offset the number of homes that are obsoleted every year, that get bulldozed every year. So there is a structural shortage. To your point, if you look at inventory available for sale, we are up about 9% year over year, but we're still down about 15% from where we were prior to the pandemic. So there are fewer homes for sale than there were back when the market was functioning more efficiently. The most drastic shortage is at the entry level builders simply have not been making a lot of entry level properties. There's a reason for that. There's some independent research out there, including some research from Fannie Mae that suggests that the pre construction cost a builder has to absorb before they break ground is over $100,000 across the country, on average, higher than that, where I'm calling you from today, in California, it's about 120,000 there. If your table stakes are 100,000 $120,000 it's really difficult to make a profit on an entry level property. So the builders, I think understandably, have been focusing on higher dollar, higher value properties and not replenishing that supply that we need for first time buyers and the kind of properties that real estate investors tend to like. The other problem we've had, Keith, is that when those mortgage rates doubled, the people who had purchased those entry level homes refinanced into a two and a half 3% mortgage and are now sitting on a $300,000 property, let's say or $250,000 property with a two and a half percent mortgage. And if they wanted to trade up, they'd be trading up to a four or $500,000 house with a 6% mortgage. And they simply can't afford to do that. So the combination of entry level owners staying put at much larger numbers and builders creating new entry level homes at much smaller numbers has really created kind of a crisis of inventory at the entry level segment of the housing market. Keith Weinhold 27:18 Yeah, when we talk about that crisis of inventory in what's available. I'm not talking about shortage numbers now. I'm talking about the active listing count. This means more or less available homes to buy. This includes single family homes and condos. We have an active listing count of around 1 million today. The historic average is around 2.2 million, and that peaked near 4 million during the global financial crisis. So today, only about one quarter as many active listings, available homes as at the peak, Rick Sharga 27:54 yeah, only about half as many as, let's call it a normal market, and that's one of the reasons. I think the first time you and I spoke on your podcast, we were talking about all the online snake oil salesmen who were predicting a home price crash. But that's one of the reasons why home prices haven't crashed, and why they've kind of continued to grow, at least at a modest pace, and in some cases now are starting to decline a little bit. But that lack of inventory on the market. When you don't have enough inventory to meet demand, or just barely enough to meet demand, that means that seller doesn't really have to negotiate all that much. That means that buyers are kind of at a disadvantage, and so as long as that's the case, you'll see home price stability. That doesn't mean that every market is going to see prices go up. But if you look across the country right now, if you look at markets where home prices are down even marginally year over year, you're looking at the Gulf Coast states, you're looking at some other southern markets, Las Vegas, Phoenix, you're looking at some outlying markets like Boise, Florida, certainly, and Texas. And those are markets where inventory is actually considerably higher than it was a year ago, and in some cases, considerably higher than it was back in 2019, if you look at markets where prices are still going up a lot, Midwest, Northeast, those are still markets where there's not enough inventory to meet demand. So that relationship between available inventory for sale and demand is really what drives pricing Keith Weinhold 29:23 this whole discussion, which is really about the supply, just in the economics one on one. Adam Smith of supply versus demand. A lot of people, just like including my dad, when I was telling him about housing, something he doesn't follow. And I told him that prices are up the most in the Northeast and Midwest. That surprised him. He was like, No, well, population growth is lower here and lower than Pennsylvania, where he lives. And that's when I brought up, well, they're under building there. So in parsing this by geography, Rick, I think another way that we can do it is parsing the housing shortage by the single family homes versus apartments, because it's. Pretty well documented that nationally, apartments could be seen as overbuilt, and single family is under built. Do you have any details with respect to that? Rick Sharga 30:08 We talk a little bit about that, and quick shout out to both of our home state, Pennsylvania, yeah, Phil, Philadelphia actually had some of the highest annual price increases right in their home sales last year. But part of that isn't just because they haven't been building a lot in Philadelphia or the suburbs. It's because we see people moving from higher priced markets into lower priced markets. So we have people actually commuting to New York who have bought homes in Philadelphia or the Philadelphia area. They can get much more house for their money there. They're not subject to some of the wage taxes that happen in New York State. They just get on that Amtrak and train into the city every day. So there is some of that going on across the country too, as we still see net migration of people moving out of states like California, New York and Illinois into nearby states where the cost of living is much lower. That slowed down since covid, since a lot of companies have been requiring people to come work back at the office. But it is still happening. It is still happening in generally the same direction you raise the issue of inventory for rental units versus inventory for, let's say, owner occupied properties, we have seen a plateau in the number of single family rental homes. So the stuff you're hearing out of DC, that you're seeing the media about the really important ban on institutional investor buying is really much more sizzle than substance. Oh, right. Institutional investors are owned and are buying a fraction, but we've seen over a million apartment units come online in the last 18 months. It's about the largest number of apartments that have that have sprung up and in that shorter period of time on record. And we've gotten to a point where in some markets, there's actually a little bit of an oversupply of those apartment units now that will balance itself out over the next couple of years, because multifamily building starts are way down too so we're not seeing a lot of activity there as builders hold off, waiting for this new inventory to get absorbed. But to put it in perspective, vacancy rates went from near zero back during covid in those apartments to over 6% last year. Rental rates have gone down from 15% year over year, increases back in 2020, 2021, to negative numbers nationally in the last year, just talking apartments, just apartments. So we have a short term mini glut, if you will, of apartments. It will be absorbed rapidly. We have 92 million people between the ages of 26 and 54 who are have either formed households or are about to a lot of them would like to be homebuyers can't afford today's prices, so they're renting instead. And about 5 million people a year are turning 35 which is when, you know, we parents start literally kicking them out of the house. So I think that rental overage will resolve itself, really, in the next 12 to 18 months. And if the builders don't start building new inventory by that point, we'll wind up with another shortage on the housing front, I'm of the opinion that we're at least a million homes short compared to what demand should be. I think the number is probably somewhere between one and 2 million. And again, I'm doing that simply based on a slight decrease in vacancy rates, population growth and the aging of the population. What could throw all of our numbers off? Keith is one of the X factors in demographics and population, which is immigration. Population growth, if it's organic, if it's by birth, does have an effect on housing, to an extent, but it's it's more nuanced, and it takes longer to really show itself if you're dealing with adult immigrants coming into the country, particularly immigrants who are coming in for jobs and have income that they can spend on housing, your housing demand goes up quickly, and that can have some local market repercussions depending on where the immigrants are going. Keith Weinhold 34:18 In Philadelphia is not a coastal city. Its cost of housing is surprisingly low to a lot of people, but it's not on a coast. Just look at a map. Well, Rick, as we're winding down here, how long could the housing shortage persist overall? Rick Sharga 34:33 I think we're in a period of time right now where builders are reluctant to overbuild. They got caught in the great recession with about a 13 month supply of homes available for sale, and then as home prices crashed, they were competing with their own inventory from the prior year, and many of them took a real beating financially during that period of time. So I don't expect we'll see builders overbuild anytime soon. And that tells me that we're probably looking at at least another three to five years before we can have a rational conversation about housing numbers kind of leveling off to be where they should be. We mentioned immigration. That is an X factor that could extend the housing shortage. If we start to see more immigration coming into the country, it could mean that we don't need as many houses as I suspect, if we have fewer people coming into the country. And the other x factor here is the boomers, the baby boomers of any generational cohort, probably have the highest home ownership rates right now and ultimately will age out of their properties. They've stayed there longer than any prior generation has, and that's also contributed to the inventory shortage, as opposed to the housing shortage. But as a friend of mine said, and it's a little macabre, but as he says, boomers will eventually leave their homes, either vertically or horizontally, so that will bring some inventory back to the market as well Keith Weinhold 35:58 housing supply. It is rather inelastic, and we're probably going to be in this shortage for a number of years. Well, Rick, tell us how and why people consult with you and then just how they can do that. Rick Sharga 36:12 Yeah, I work with mostly companies that are in the real estate or mortgage industries. Keith, I typically prepare a lot of market intelligence reports to them. It's real estate data, economic data, mortgage data. For some clients, I do foreclosure reports. They know what's going on in terms of delinquencies and defaults. For others, I do research on investor purchase activity, what they're buying, what they're selling, what they're paying, where they're doing all this. So anything that's data related to real estate data, mortgage data, economic data, I'm kind of neck deep in and I'm very easy to find on either LinkedIn or x. So if anybody's listening today and wants to connect on those platforms, just reach out and tell me you saw me on the GRE podcast, and I'll know you're legit. Keith Weinhold 36:56 Housing supply is coming up short, but Rick never does. It's been great having you back on the show. Rick Sharga 37:02 We'll do it again soon, Keith, It's great talking to you. Keith Weinhold 37:10 Do we really have a housing shortage? The answer is yes, and the number of units short is one to 2 million. The shortage is worst in the entry level home segment, which matters so much to us as investors, we are owning an asset that's going to have sustainable demand for quite a while into the future. Rick indicated that it could take perhaps three to five years just to get back into balance. Now, we recently learned that there were fewer housing permits issued last year than there were in any year since 2019 and housing permits are an indicator of the future home supply. They had their recent peak five years ago with 1.7 5 million, and last year, there were just about 1.4 million. So home permits issued are 19% lower today than they were back in 2021 this is a harbinger of supply, because from the time that a permit is issued, it takes six to 12 months to complete a single family home. It's about six months to build a tract home, and closer to 12 months for a custom home. For apartments, it can take in excess of 24 months to deliver that period of time from permitting to completion. So nationally, we should continue to see scarce supply in the one to four unit space, keeping upward pressure on prices again for the most valuable 40 minutes of educational real estate investing material around you can access my premium real estate pays five ways, master class of five videos, totally free. And you know how I operate. I don't try to upsell you to some paid course. Either. It's just truly free. I'll send it to you. You can access it at get rich education.com/course coming up on future episodes here on the get rich education podcast, we're about to go on a run. The next stretch of GRE is loaded. We've got fresh topics with some game changing monolog content that I'm going to share with you new guests, distinguished guests. Next week, the youngest guest to ever appear on the show is going to be with us. He's a 19 year old college student with a real estate investing related major. How does he see Gen Z's financial world? Is there any hope at all? The following week, we're going to break down an innovative way to sell properties that could completely change how you think about your exit strategy when it's all done, when it's time for you to retire from real estate, rather than a 1031, Exchange, which would just keep you in the real estate game and with more of it, do a seven. 21 exchange into a real estate fund. Have no more assets to manage, no more property managers to manage total capital gains tax deferral and still get financial upside. And then just four weeks from now, it's get rich education podcast episode number 600 debt is the American dream. So if you're serious about building wealth, be sure to follow or subscribe to the show. If you've already done that, I would really appreciate it if you told a friend about this show until next week. I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 3 40:39 Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 40:58 The preceding program was brought to you by your home for wealth, building, get richeducation.com
Matt Levine is the author of Bloomberg's “Money Stuff” newsletter where he writes about Wall Street and finances. Matt joins Chris to break down common money questions such as what exactly is commodity trading? How do AI companies make money? How do companies balance ethics and virtues with increasing profits for shareholders? They also discuss how Matt uses comedy and humor to make complicated money topics accessible.Host & GuestChris Duffy (Instagram: @chrisiduffy | https://chrisduffycomedy.com/)Matt Levine (Website: https://mattlevine.co/work) LinksHumor Me by Chris Duffy - https://t.ted.com/ZGuYfcLBloomberg Money Stuff newsletterFor the full text transcript, visit go.ted.com/BHTranscriptsLearn more about our flagship conference happening this April at attend.ted.com/podcast Hosted on Acast. See acast.com/privacy for more information.
Cecilia D'Anstasio on Roblox efforts to protect children from pedophiles. Roblox is one of those games that is more popular than you can imagine, but unless you are of a certain age group and live in that world, you'll rarely hear about it unless it makes the news for some terrible reason. More recently, for example, we wrote about the Tumbler Ridge shooter who created a mass shooting simulator in Roblox. But what is Roblox, how big is it exactly, and why does it seem like it's so frequently embroiled in controversy? This week we're joined by Cecilia D'anstasio in an attempt to answer all of these questions. This week we're joined by Cecilia D'Anstasio. Cecilia reports about video games at Bloomberg, and has written many important articles about the business and controversies of one of the biggest games in the world, Roblox. A few weeks ago we had Patrick Klepek on to discuss Roblox from a parent's perspective, but today we're going to hear about it from the perspective of a great investigative reporter and for my money the most knowledgeable journalists about Roblox. 404 Media is a journalist-founded company and needs your support. To subscribe, go to 404media.co. As well as bonus content every single week, subscribers get access to additional episodes where we respond to their best comments. Subscribers also get early access to our interview series. Gain access to that content at 404media.co. Listen to the weekly podcast on Apple Podcasts, Spotify, or YouTube. Become a paid subscriber for early access to these interview episodes and to power our journalism. If you become a paid subscriber, check your inbox for an email from our podcast host Transistor for a link to the subscribers-only version! You can also add that subscribers feed to your podcast app of choice and never miss an episode that way. The email should also contain the subscribers-only unlisted YouTube link for the extended video version too. It will also be in the show notes in your podcast player. Roblox's Pedophile Problem How Roblox Became a Playground for Virtual Fascists Roblox Game-Buying Frenzy Is Turning Teens Into Millionaires Roblox User Group Re-Creates Real-Life Mass Shooting Events Go to surfshark.com/404Media to get 4 extra months of Surfshark VPN, plus there's a 30-day money-back guarantee—or just use code 404MEDIA at checkout! Learn more about your ad choices. Visit megaphone.fm/adchoices
War and Markets – Not a great mix South Korea tumbles the most in history Inflation risk is real again – the Fed's quandary is real Investors questioning AI trends and the impact of current policies with our Guest – Ross Gerber of Gerber Kawasaki. NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Ross Gerber is the Co-Founder, President and CEO of Gerber Kawasaki Wealth and Investment Management. Ross oversees Gerber Kawasaki’s corporate and investment management operations as well as serves individual clients. Ross has become one of the most followed investors on social and in traditional media. His investment ideas and advice have made him a regular in the business news and he is featured on CNN, CNBC, Fox Business News, Bloomberg and Reuters as well as a contributing writer for Forbes.com. He has been ranked as one of the most influential investment advisors and Fintech innovators in America. Ross and the Gerber Kawasaki team oversees well over a billion dollars of investments focused on technology, media and entertainment companies for clients and the firm. Gerber Kawasaki has grown to be a leader in Fintech by leveraging technology to work with a younger generation of clients. Ross is an expert in online marketing and social media as well as co-developed the company's app for IOS. Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy – HERE Stocks mentioned in this episode: (NVDA), (MSFT), (AMD), (TSLA)
Episode #592: PlayStation just made one of the most significant strategic shifts in years — pulling back on PC ports for internally developed single-player games. Jason Schreier broke the story at Bloomberg, and the implications for Xbox are massive. If Microsoft is really building Steam integration into the next Xbox console, Sony just handed them an open lane. We're breaking down what this means for the future of both platforms and why this might be the biggest win Xbox didn't even have to fight for.Who are the XoneBros?We are your exclusive Xbox Series X & Game Pass weekly podcast. We are more than just a podcast though, we are a positive gaming and Xbox community. We are a group of friends who love gaming, comics, fantasizing about superpowers, and making lame jokes.We strive to bring you news, informative discussion, and rocking good times on a weekly basis all while discussing the world that is Xbox. We are the brothers you never had and the sisters you always wanted... we are the XoneBros. If you are looking for a positive gaming environment, you are always welcome here!Support Us On YouTubeJoin our DiscordX1TheGamer Daily Xbox News MrMcspicey Know Your Game
Travelers across the Middle East who became stranded when fighting in Iran began are having trouble finding their way home. Bloomberg reports on how many who are stuck are improvising ways out as the war zone expands. The U.S.’s closest ally in the war, Israel, has very big stake in its outcome. Tia Goldenberg of the Associated Press explains why Prime Minister Benjamin Netanyahu wagered big on a victory against Tehran. Midterm-elections season kicked off with closely watched primaries in Texas. NBC News Chief Data Analyst Steve Kornacki joins to dissect the results on both sides. Plus, the House Oversight Committee voted to subpoena Attorney General Pam Bondi to answer questions about the Epstein files, a judge ordered the Trump administration to issue tariff refunds, and and a game of social-media one-upmanship between the CEOs of some of America’s biggest burger chains. Today’s episode was hosted by Cecilia Lei.