Advertise on podcast: Money Talks from The Economist

Global alcohol consumption fell by 2% in 2025. It was the third straight year of decline, as younger drinkers prove they are not as boozy as their parents. As drinks-makers face an uncertain future, competition is sharpening. With brewers, vintners and distillers expanding into new domains, which companies hold the advantage? Guests and hosts: Jacob Aarup-Andersen, CEO of Carlsberg Trevor Stirling, analyst at Bernstein Avantika Chilkoti, global business writer at The Economist Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: Alcoholic drinks industry Ready-to-drink cocktails Alcohol-free drinks Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

The global bond sell-off is deepening. This week, the yield on ten-year American Treasuries surpassed 5%, its highest level in two decades. Meanwhile British gilts, German bunds and Japanese government bonds are all soaring to multi-year highs. Investors are under pressure from persistent inflation, government debt and the AI borrowing binge. We ask whether high long-term yields are here to stay. Guests and hosts: Mark Dowding, Chief Investment Officer for BlueBay fixed income Mike Bird, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Topics covered: Bond markets Scott Bessent AI infrastructure buildout Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Since 2022, the AI boom has been the biggest story in financial markets. It has turned some of the largest tech companies into major financial players, lending and borrowing from one another. This week, we dig into how worried you should be about that web of “circular” AI financing. Guests and hosts: Shailesh Chitnis, The Economist's global business writer Mike Bird, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Topics covered: Nvidia AI boom “Circular” financing

Each August, the world’s central bankers descend on Jackson Hole. Normally, the coffee-break chatter is about policy. But this year, the big question was what Kevin Warsh, the enigmatic new Fed Chair, was really thinking—about how the Fed works, its independence and monetary policy. His speech was surprisingly revealing. Our acting economics editor tells us what he learned. Guests and hosts: Archie Hall, The Economist’s acting economics editor Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: Kevin Warsh Jackson Hole Economic Symposium Federal Reserve Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

For decades, America’s stock exchanges have been the destination of choice for international investors. And no wonder, since that is where the Magnificent Seven tech firms are listed. Until recently these behemoths were generating gushing streams of cash, spending little of it and delivering stellar returns. But are they—and the rest of America’s stock market—now losing their shine? Guests and hosts: Michael Hartnett, Bank of America investment strategist Josh Roberts, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: S&P 500 American exceptionalism Magnificent Seven stocks Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

American grocery prices have risen by around a quarter since 2020. So are shoppers getting ripped off? And, if so, is anyone cashing in? Money Talks goes on the trail of sky-high shopping bills. Guests and hosts: Aaron Lehman, president of Iowa Farmers Union Nik Modi, retail analyst at RBC Capital Markets Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Josh Roberts, co-host of “Money Talks” Topics covered: Food prices Grocery stores Farming Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.

Humans have, mostly, made babies the same way for millenia. That kind of inertia is catnip to Silicon Valley investors who are pouring money into technology like embryo screening. On this week’s show, we explore the companies offering fertility tech and hear why some don’t shy away from terms like eugenics. Guests and hosts: Jonathan Anomaly, co-founder of Herasight Michelle Kwok, principal at Draper Shera Avi-Yonah, The Economist’s business correspondent Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: Fertility industry Embryo screening Eugenics Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Conspiracy theories were rife when Kevin Warsh was made Fed chair. Was he a hawk in dove's clothing or a dove dressed as a hawk? The tinfoil hats came out because Mr Warsh himself remained tight-lipped. Now, though, he has presided over two rate-setting meetings at the Fed. So what have we learnt about the world’s most important central banker? Guests and hosts: Josh Roberts, The Economist’s capital markets correspondent Archie Hall, The Economist’s acting economics editor Alex Domash, The Economist’s acting US economics editor Topics covered: Kevin Warsh The Federal Reserve Donald Trump Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Travelling for work is rarely glamorous. And nowhere is that more true than at The Economist. Our correspondents have spent the last four decades travelling the world, expensing Big Macs in service of one aim: to understand how currencies work. To celebrate the Big Mac index’s 40th birthday, we share what we’ve learnt. Guests and hosts: Eswar Prasad, economics professor at Cornell University Simon Cox, The Economist’s China economics editor Josh Roberts, The Economist’s capital markets correspondent Ethan Wu, co-host of “Money Talks” Topics covered: Big Mac Index Currencies Purchasing Power Parity Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Andy Burnham is Britain’s seventh prime minister in a decade. Can he and his chancellor, John Healey, break the British curse of sluggish growth, high debt and soaring spending? And, crucially, can he survive longer than Keir Starmer? Guests and hosts: Kristina Hooper, chief market strategist at Man Group Duncan Robinson, The Economist’s political editor and Bagehot columnist Josh Roberts, The Economist’s capital markets correspondent Ethan Wu, co-host of “Money Talks” Topics covered: Andy Burnham John Healey British economy Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to The Economist.

Eli Lilly has been selling pills to sick people for 150 years. That business model has made it a trillion-dollar company. But now, the firm’s CEO David Ricks wants to do something different. He wants to push treatments that stop people getting sick in the first place. Will it work? Guests and hosts: David Ricks, CEO of Eli Lilly Shailesh Chitnis, The Economist’s global business writer Mike Bird, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Topics covered: Eli Lilly AI GLP-1s Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

Predictions are a feature of The Economist. The inevitable result is that we drop the occasional clanger. And our big mistakes, it seems, have often had something to do with oil. So why is the black stuff our bête noire? Guests and hosts: Ethan Wu, co-host of “Money Talks” Mike Bird, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Matthieu Favas, The Economist's commodities editor Topics covered: Oil Iran The Strait of Hormuz Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

America’s AI giants have a problem. The likes of Google, Meta and Microsoft want to spend $3trn on data centres over the next four years. But a backlash among Americans, who don’t want sheds full of chips humming away near their backyards, has made it difficult to find a spot to build them. Will that slow the AI race? Hosts: Alice Fulwood, co-host of “Money Talks” Mike Bird, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: AI Data centres NIMBYism Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

The world’s wealthy are increasingly on the move, and a booming number of advisors is available to help them. The investment-migration businesses turned over an estimated $40bn last year, twice as much as before the pandemic. So where are they advising the footloose ultra-rich to go? Guests and hosts: Dominic Volek of Henley & Partners Ron Klasko, co-founder of Exodus Migration Anjani Trivedi, The Economist's global business correspondent Mike Bird, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Topics covered: Citizenship by investment Expat advisors Dubai Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

For America's social security trust fund, the answer is around six years. A growing elderly population and falling birth rate mean the pot, accumulated over decades will run dry some time towards the end of the next presidential term, in late 2032. When that happens, the country's retirees will take a battering. So can anything be done to stop it before time runs out? Hosts: Mike Bird, co-host of “Money Talks” Alice Fulwood, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: America’s Social Security Trust Fund Retirement US politics Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.