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    Business

    Odd Lots

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

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    Copyright: 2026 iHeartMedia, Inc. © Any use of this intellectual property for text and data mining or computational analysis including as training material for artificial intelligence systems is strictly prohibited without express written consent from iHeartMedia

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    Latest Episodes:
    NYT CEO Meredith Kopit Levien on Running a Media Brand in the Age of AI Aug 10, 2026
    Show notes

    In the last decade, the New York Times has remade itself many times over. It has done that through acquisitions (The Athletic, Wirecutter, and the ever-popular Wordle) and by navigating all the different challenges that have emerged in the digital age and now the age of AI. Its video operation, for instance, has grown exponentially in the last few years. And they've used AI tools in their reporting, namely in several pieces they did on the Epstein Files. At the same time, the company is also suing the likes of OpenAI and Perplexity for copyright infringement. To understand the modern media landscape, you really do have to understand the Times, so today we speak with The New York Times Company's CEO and president, Meredith Kopit Levien. We talk to her about how to run a media business without seeing the news itself as a loss leader, the NYT's evolving bundle strategy, how the paper retains talent, why the current pivot to video is different from the first one, and the ideal set-up for AI companies and media properties to co-exist.

    See omnystudio.com/listener for privacy information.


    Introducing: Our Town Aug 09, 2026
    Show notes

    Our Town from Bloomberg’s Big Take podcast follows residents of Gainesboro, Tennessee, after a group of far-right Christians moves in with plans for a radical social experiment.
    Listen to Episode 1 on the Big Take.

    See omnystudio.com/listener for privacy information.


    How a Sardine Gets From the Ocean to a Can Aug 07, 2026
    Show notes

    Just a decade ago, tinned fish was hardly a premium product. Most Americans likely associated cans of tuna with thrift. But that has changed a lot in recent years. The category took off during Covid and now shoppers are shelling out for high end brands like Fishwife. Today's guest Becca Millstein started the company in 2020, positioning it as a distinct, artisanal product, more akin to one might find in European grocery stores. In addition to the sheer challenges of scaling, the nature of the business itself has changed, influenced by climate change and geopolitics (shortages have led Morocco to suspend frozen sardine exports for instance). We discuss the tinned fish supply chain and how a new brand positions itself in today's media market.
    Read more: What the American Tin Can Reveals About Trump’s Volatile Tariff Policy
    Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox, plus unlimited access to the site and app. bloomberg.com/subscriptions/oddlots

    See omnystudio.com/listener for privacy information.


    Brad Setser on the US's Unusual Japanese Yen Intervention Aug 06, 2026
    Show notes

    Last week, the US joined forces with Japan to try to stop the yen’s slide. It’s the first time the two sides have intervened in the Japanese currency in 15 years, and in many ways it was an unprecedented and unusual move, with Treasury Secretary Scott Bessent choosing to sell euros (as opposed to dollars) and the use of a little-known Federal Reserve repo facility. So why did the yen’s value drop so precipitously in the first place? And will this intervention be enough to stop it? Brad Setser, senior fellow at the Council on Foreign Relations, explains why the Bank of Japan initially refrained from raising rates, why East Asian currencies (not just the yen) have been so weak lately, the improving fiscal outlook for Japan, and what to look out for next.

    See omnystudio.com/listener for privacy information.


    The Tungsten Market Is Warning of an Upcoming War Aug 03, 2026
    Show notes

    Bloomberg Opinion columnist David Fickling tells us you can think of tungsten mining as “a century old prediction market for war.” As he writes in a recent piece, tungsten is “a super-element that can determine the fate of nations.” While the commercial market for tungsten is fairly small, it can be crucial in war manufacturing, due to its high density and melting point. He learned more about tungsten mining, and its increasing geopolitical necessity, during a visit to Australia's Dolphin Mine, which has a history of opening up during times of war, and then closing again during times of peace. He explains to us why investors are once again interested in tungsten mining and why it's been so hard (over the last century) to sustain production outside of China.

    See omnystudio.com/listener for privacy information.


    Why Private Credit Got Entangled With Insurance Jul 31, 2026
    Show notes

    Insurers have quietly become a major driver of the private credit boom, with numerous private equity shops striking deals with insurance companies or buying them outright. But the entanglement with private credit is also changing the insurance industry itself, raising a number of questions about risk and regulation. Today we speak to Andrew Granato and Pranjal Drall, authors of a new paper, “Private Credit's State Backstop: How Private Equity Socializes Risk Through Insurers," examining the relationship between private credit and insurance. Granato (an assistant professor at the UT Austin Law School) and Drall (JD-PhD student in Financial Economics at Yale) talk to us about how PE got so interested in insurance in the first place, how both sides benefit from the relationship, and why taxpayers might ultimately be on the hook.

    Read more:
    Blue Owl Surges as Leaders Stress It’s More Than a Direct Lender
    Ares $29 Billion Private Credit Fund Sees Uptick in Non-Accruals

    Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

    Subscribe to the Odd Lots Newsletter
    Join the conversation: discord.gg/oddlots

    See omnystudio.com/listener for privacy information.


    How the Iranian Economy Actually Works Jul 30, 2026
    Show notes

    After the Iranian Revolution of 1979, the country's new leaders — religious and political — promised to redistribute the country's wealth and made moves to make Iran independent from western influence and business interests. In the decades since, Iran's economy completely transformed, and it is closer to what Yeganeh Torbati and Bozorgmehr Sharafedin describe as a "mafia state," where fealty to various factions is baked into the country's political economy. In their new book Stolen Revolution: Betrayal and Hope in Modern Iran they trace the massive changes Iran's political economy has undergone since the revolution, and they speak to us today about this history, how average Iranians navigate everyday cronyism, how Iranian leaders treated the country's burgeoning tech sector, and why the recent peace talks might not change all that much about how the country's economy currently operates.

    Read more:
    A New Age of Missiles Reshapes Battlefields Around The World
    US War With Iran Set to Drag On for Months Over Hormuz Deadlock

    Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

    Subscribe to the Odd Lots Newsletter
    Join the conversation: discord.gg/oddlots

    See omnystudio.com/listener for privacy information.


    Branko Milanovic on What Comes After Globalization Jul 27, 2026
    Show notes

    It's pretty obvious by now that globalization has fallen out of favor. And while many pundits have deemed economic globalism dead, we are still figuring out what to call this new era. Branko Milanovic's chosen phrase is "national market liberalism," a term that sums up how a world once defined by the free movement of capital has begun to contract as the most powerful governments have come to favor mercantilism and nationalism. In his new book, The Great Global Transformation: The United States, China, and the Remaking of the World Economic Order, the famed economist explains what comes after globalization. He talks to us about China's economic evolution, the pressure it has put on elites in the West, and much more.

    See omnystudio.com/listener for privacy information.


    How Financial Advisors Can Grow During the Great Wealth Transfer (Sponsored Content) Jul 26, 2026
    Show notes

    Over the next two decades, more than $100 trillion will change hands in the greatest wealth transfer in history. This is a massive opportunity for financial advisors, both new and established. This conversation provides detailed, research-backed information and practical advice for financial advisors who are considering their next move. Produced by Bloomberg Media Studios and Prudential Financial, this roundtable discussion provides clear and honest perspectives on the changes that are coming.


    Guests on the show include:
    David Blanchett, Head of Retirement Research with Prudential Financial, and Portfolio Manager with PGIM
    Brittney Castro, CFP, AAMS, CRPC, Financial Expert and Speaker
    Chelsea Ransom-Cooper, Co-Founder and Chief Financial Planning Officer with Zenith Wealth Partners
    Maggie Lake, Financial Journalist


    Research sources:
    Cerulli Associates: U.S. High-Net-Worth and Ultra-High-Net-Worth Markets, 2024
    Cerulli Associates: The Cerulli Edge, U.S. Retail Investor, 2023
    Alliance for Lifetime Income: Protected Retirement Income and Planning Study, 2024
    Prudential Communications: Global Retirement Pulse Survey, 2025


    For more about this series visit us at:
    https://sponsored.bloomberg.com/media/prudential/the-great-client-transfer

    See omnystudio.com/listener for privacy information.


    How Franchise Restaurants Opened the Door to the Gig Economy Jul 24, 2026
    Show notes

    When the fast food industry began booming in the 1950s, it did so via a new business model known as the franchise. This model allowed independent operators to license trademarks from a business like McDonald's or Dunkin Donuts, and it soon spread across the country, with huge consequences for how Americans are employed. Legal battles fought by franchises eventually opened the door to what's now known as the gig economy, allowing Uber drivers to be treated in much the same way as the operator of a local Chick-fil-A. To better understand the history of the franchise model, we speak with Brian Callaci, chief economist of the Open Markets Institute, and author of the book Chains of Command: The Rise and Cruel Reign of the Franchise Economy. Callaci helps break down how the franchise model works, how franchise contracts are structured to precisely dictate how franchisees are supposed to run their businesses, the relationship between the franchise model and gig work, as well as how franchises pioneered worker surveillance.

    Read more:
    Taco Bell Traffic Sinks After Lettuce Tied to Parasite Cases
    Chicken Back on Menu as Cyber-Hit Nichirei Restores Operations

    Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

    Subscribe to the Odd Lots Newsletter
    Join the conversation: discord.gg/oddlots

    See omnystudio.com/listener for privacy information.


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