In Case you Missed It - Everybody's Business: Trump + Crypto
Here's an excerpt from Max Chafkin's new podcast Everybody's Business, co-hosted with Stacey Vanek Smith. From now on, if you want to hear the whole episode and all past and future episodes, head to your podcast app of choice and search for Everybody's Business. A handy collection of links can be found here.For now, enjoy this conversation with stacy-marie ishmael about President Trump's novel crypto strategy. See omnystudio.com/listener for privacy information.
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13:59
Is Elon Really Quitting Politics... for Banking?
When Bloomberg’s Mishal Husain interviewed Elon Musk last week, it caused quite a stir. This was especially the case when Musk proclaimed, “in terms of political spending, I’m gonna do a lot less in the future.” (Most news reports missed a sly qualification that made this seem more like an ultimatum. But more on that below). Coverage of the supposed end of Musk’s role as Republican Party’s Sugar Daddy added fuel to the ongoing “what will Elon do now?” frenzy. Over the weekend, a substantial outage at his social media platform X may have added some clarity. In response, the serial entrepreneur announced he was going “back to spending 24/7 at work and sleeping in conference/server/factory rooms.” Or not. In this episode of Elon, Inc., Max Chafkin brings together Elon Musk reporter Dana Hull and social media reporter Kurt Wagner to discuss whether Musk means what he says about politics, subsidizing the GOP or even going back to work. Is he really leaving politics in the rearview mirror? Or were these statements calculated? Could they be a way for him to intimidate lawmakers who are expecting campaign funds while assuring investors he’s on top of his sometimes struggling companies? To round things off, they rank Musk’s most immediate plans on a scale of how likely they are to succeed in the foreseeable future. Will it be X Money? A functioning fleet of “robotaxis?” Or maybe shooting Tesla’s humanoid robot Optimus to Mars? There was some disagreement.See omnystudio.com/listener for privacy information.
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29:55
In Case you Missed It - Everybody’s Business: Wrestling With Taxes, Robots and Gold
Check out the feed of our sister podcast Everybody's Business in any podcast app of your choice. After several week's of cross publishing, in the future you're going to have to head to that feed to enjoy the show. But for now...---All the economy is a stage this week, as the “big beautiful” tax bill passed the House in the wee hours of Thursday morning, and millions of college graduates got their diplomas and set off into the the job market, competing with an ever growing army of robot workers. In the second episode of Everybody’s Business from Bloomberg Businessweek, hosts Stacey Vanek Smith and Max Chafkin dive into the tax bill, the AI job threat, and the turning of (actual) lead into (actual) gold. The tax cut extension still has to pass the Senate, but the House version would add roughly $4 trillion to the deficit over the next decade, and would be, by far, the most expensive policy the Trump administration has enacted. In spite of this, the tax bill has not gotten nearly the attention of other policies, including the Department of Government Efficiency (its cuts have not amounted to even 1% of the federal budget). But all the sound and fury signifying a rounding error is by design according to author and economic journalist Kyla Scanlon. Scanlon says you can learn a lot about the Trump Administration’s economic policies by watching Wrestlemania. Then Bloomberg reporter Sarah Frier joins to talk about AI and jobs. Fears are growing in the US workforce that jobs are being lost to artificial intelligence, and a new study estimates up to ⅓ of jobs in developed countries will be “transformed” by AI. Frier looks at what jobs might be under threat and how real the worries are. Finally, Stacey and Max talk about a major development in commodities markets. Scientists were able to turn lead into gold! Stacey thinks this could be a turning point for the gold market and all mankind. Max has doubts…after all, all that glitters is not gold.See omnystudio.com/listener for privacy information.
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34:40
Elon on the Spot, Grok Has a Week
Elon Musk was interviewed Tuesday by Bloomberg’s Mishal Husain at the Qatar Economic Forum in Doha. The wide-ranging conversation spanned the multibillionaire’s work on behalf of President Donald Trump and at his “Department of Government Efficiency,” protests against Tesla and a careful assertion that he might wind down his political contributions. The chat turned tense at times, with Musk becoming visibly upset while discussing demonstrators who vandalized Tesla showrooms and how “DOGE” has vastly undershot its promised savings. In this week’s Elon, Inc., David Papadopoulos and Max Chafkin dissect some notable moments from the interview. Also on the show, Max goes through the wild week of xAI’s chatbot Grok. First off, the artificial companion spent an entire day talking about “White genocide” in clearly irrelevant responses to unrelated queries. The company then managed to strike a deal with prediction betting site Kalshi and finally ended up in the cloud of arch-nemesis Microsoft. Max has a lot of explaining to do.See omnystudio.com/listener for privacy information.
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32:45
Elon Musk Live from the Qatar Economic Forum
Elon Musk was just interviewed by Bloomberg’s Mishal Husain at the Qatar Economic Forum. It was a sometimes tense exchange that covered everything from DOGE savings, via Tesla protestors, to Elon’s plans to wind down his political contributions. Today’s episode of Elon, Inc. will break down the interview and analyze highlights but for now, you can listen to the whole 40 minutes here.See omnystudio.com/listener for privacy information.
Elon Musk’s sprawling business empire has granted the billionaire a degree of power and global influence that transcends the industries he’s reshaped. He is the leader of no fewer than six hugely influential companies, spanning electric vehicles to wartime communications, and their innovations could shape the fates of nations.
Musk is polarizing, confounding and inescapable. And he is the biggest business story of our time.
Each week, listen in as host David Papadopoulos convenes a panel of Bloomberg Businessweek journalists who are tracking Musk’s companies and the surprising ways they intersect. They break down the business mogul's latest moves and analyze what they could mean for us all.
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