Trumponomics

Almost one-tenth of Denmark's labor force is made up of foreign workers. But with quality of life standards increasing in eastern European countries, many of these people are considering returning to their native nations. Karen Haekkerup, CEO of the Danish Agriculture and Food Council, talks with Scott Lanman of Bloomberg News and Daniel Moss of Bloomberg View on what this means for Denmark, which...

This month, Bloomberg is excited to bring you a brand new show. Every Friday on What'd You Miss This Week, we'll feature the most interesting interviews from Bloomberg's daily market close show, "What'd You Miss" hosted by Scarlet Fu, Julia Chatterley and Joe Weisenthal. We want to take you beyond the headlines and bring you a unique perspective on the week's top stories, and those you may just ha...

Amazon, JPMorgan Chase and Berkshire Hathaway recently announced they're joining forces to tackle America's expensive health care system. Health care is probably the most reliably growing piece of U.S. GDP -- and until recently, a strong driver of inflation -- but that could change as Amazon moves into that space. Scott Lanman of Bloomberg News speaks with Bloomberg reporter Spencer Soper and econ...

You may have heard of a gender-pay gap in America, but here's a statistic that's really eye-opening: Workers at men's apparel stores earn 56 percent more than employees at womenswear retailers. It's a huge gap, and yet it can be explained in part by supply and demand -- and could even be a sign that worker pay will finally pick up more broadly across the U.S. Bloomberg reporters Katia Dmitrieva an...

What happens to someone's land when the owner dies? In Japan, no one knows. In fact, no one knows who owns more than 10 percent of the nation's landmass -- about 16,000 square miles, equivalent to the size of Denmark. Without knowing who owns the land, it can't be sold or redeveloped -- and that limits economic growth or prevents the government from collecting taxes, at a time when Japan is alread...

An online discussion board where women are frequent subjects of vitriolic attacks. A lack of diversity in top positions. Strong evidence of discrimination against females. These are all issues that the economics profession is grappling with as part of a broader reckoning with sexual harassment and misconduct in American society. Economist Heidi Hartmann discusses these issues and her petition driv...

The American South will keep rising and Dallas will eclipse New York. The city that never sleeps has had its obituary written plenty of times, but it may just have met its match in native son Donald Trump. His tax-cut law is more than just a deficit-busting giveaway to the rich; it affirms the economic and political rise of the South. Even New York's famed cultural and intellectual scene is in jeo...

Whether the U.S. tips into recession this year or not, chances are you won't hear about it until well after it happens. That's because the decision on whether the economy is in a serious slump or merely having a bad day rests with a little-known group of academics who deliberate behind the scenes. Ten years after the economy entered the worst downturn since the Great Depression, the group's chair,...

What will be the most surprising economic development of 2018? Who will be the most influential people that you haven't heard of? What kind of non-economic developments will have biggest impact? Benchmark delivers answers from around the world in part two of our year-end special. Joining Dan and Scott to give their picks are three members of Bloomberg's global economy team: European editor Jana Ra...

What was the year's most surprising economic development? Who were the most influential people that you haven't heard of? What were the non-economic developments that had the biggest impact? Benchmark goes around the world to deliver the answers in part one of our year-end special. Joining Dan and Scott to give their picks are three members of Bloomberg's global economy team: European editor Jana...

America's GDP is growing at an amazing 3 percent! Unemployment is at the lowest level in 16 years! The stock market is reaching a new record high every day! The U.S. economy is just going to keep on booming, right? Well, not so fast. The stock market might be surging, but the bond market is painting a more nuanced picture. David Ader, chief macro strategist at Informa Financial Intelligence, joins...

Wait! There wasn't a trade war this year. Wasn't Donald Trump's election supposed to mean a rejection of open commerce between nations? Bloomberg's Andrew Mayeda explains the surprise increase in goods and services exchanged across national boundaries. Don't think the protectionist bullet's necessarily been dodged; there's more going on than just Trump. Arancha Gonzalez, executive director of the...

For many women and an increasing number of men, it's been hard to get a job again if you take some time off for family reasons and have a long gap on your resume. But that's starting to change in the U.S., where the unemployment rate is at the lowest in almost 17 years. With the labor market getting tighter, companies are looking at potential workers they previously might not have considered. Caro...

Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent years. Exchange-traded funds, or ETFs, let you invest in everything from the stock market to gold like never before. This podcast will demystify them—and delight you in the process. See omnystudio.com/li...

Benchmark takes the week off for the Thanksgiving holiday and re-runs an episode from March. Post-industrial Midwestern America helped propel Donald Trump to the nation's top job. You've heard that a hundred times. But did you hear about St Louis? A wave of Bosnian refugees, many of them Muslim, arrive in the city, starting in the mid-1990s. The result: a surge in business and job creation, revita...

Figuring out the global economy has always involved looking at the data. But only in recent years has big data, such as that contained in satellite imagery, become a factor in helping understand what's going on. One place where it's particularly useful is China, where official figures are far less comprehensive than in the U.S. and most other developed nations. It's also provided badly-needed insi...

By picking Jerome Powell to replace Janet Yellen as Federal Reserve chief, President Donald Trump is making a historic gamble that his five predecessors did not: appointing a new leader of the central bank in his first term instead of retaining the existing one. That move could have massive ramifications for the U.S. and global economies. But how did the Fed get so powerful? And how powerful is it...

Mexico just didn't see it coming. The free-trade backlash and anti-Mexican rhetoric that helped fuel Donald Trump's rise came as a surprise to officials and executives in the U.S.'s southern neighbor. Now they are scrambling to save not just NAFTA, but an entire economic model based around global supply chains and ever closer ties with the U.S. Thrown into the mix are elections in Mexico that coul...

The biggest challenge refugees face is economic. A couple of financial market insiders are here to help and have recruited some of the biggest names on Wall Street. PIMCO's Greg Sharenow and Trailstone's Michelle Brouhard tell Dan and Scott about their foundation, Interfaith Refugee Project, and how to integrate refugees into the U.S. economic fabric. It's also personal: Greg describes his grandmo...

How do you create a new country? For Catalonians looking for independence from Spain, secession can give you an emotional high, but what about the bills? Every nation needs a sense of identity and community, of shared heritage and geography. That won't feed people. There's revenue to be collected and bills to be paid, not to mention possibly issuing currency and creating a central bank. And don't...

Before Hurricane Maria made landfall on Puerto Rico three weeks ago, the U.S. territory's economy was already in shambles, thanks in part to an overload of debt and decades of misguided policies. Now, after a terrible storm, things are much, much worse for the 3.4 million people there, and they're likely to stay that way for a while -- though measuring just how bad is the tricky part. Bloomberg re...

Saudi Arabia may be best known for its vast supply of oil, but outside of that industry, Islamic tourism is one of the kingdom's biggest businesses. Hajj, the annual Muslim pilgrimage to Mecca, as well as other Muslim pilgrimages throughout the year, have been driving growth in tourism, with a building boom to match. The country is seeking to remain a destination, while liberalizing its ultra-cons...

Some of the planet's most powerful people may be out of a job in the next two years. Beginning in the next few months, terms start ending for the central bankers who control the price of money in the world. First Janet Yellen, whose term ends February. Up next, Haruhiko Kuroda in April. England's Mark Carney departs in 2019 as does Mario Draghi of the European Central Bank. How many of them will s...

North Korea seems an unlikely place for capitalism to take hold. But markets are playing a bigger role in daily life in the country. While that's created a degree of economic stability in the short run, it's also inexorably undermining the power of the state and making ruler Kim Jong-Un more vulnerable over the longer term. What role does the economy play in the outcome of today's nuclear standoff...

A troubled company threatens a nation's entire economy. It's not Lehman Brothers a decade ago -- and it's not even a bank. No, this time it's Agrokor, Croatia's dominant food maker -- and its potential collapse could even extend Russia's influence in Eastern Europe. Scott and Dan get the scoop from Bloomberg reporters Luca Casiraghi and Jasmina Kuzmanovic. See omnystudio.com/listener for privacy i...