Of all the prevailing media narratives around Gavin Newsom, the one that is most conspicuous by its absence is how under its two-term governor California became the top performing economy not just among its 49 siblings but also any developed nation. No wonder Elon Musk quietly sought Newsom’s help when the world’s richest man sought to move a bunch of Tesla Inc. engineers back to the state after relocating them to Texas. Amid the thousands of headlines referencing California failings with wildfires, droughts, floods, mass transportation, aging roads, education, homelessness, unaffordable housing, widening inequality and poverty along with the exodus of billionaires, corporate headquarters and longtime residents -- never mind the “slick” label whenever the betting favorite for the 2028 Democratic presidential nomination is mentioned in the press – the Golden State (population 39 million people), just supplanted Japan (123 million) as the fourth-largest economy.

Matthew Winkler, Bloomberg News Editor-in-Chief Emirtus discusses how California's economy has grown faster than either China or Germany... And picking up steam.

Of all the prevailing media narratives around Gavin Newsom, the one that is most conspicuous by its absence is how under its two-term governor California became the top performing economy not just among its 49 siblings but also any developed nation. No wonder Elon Musk quietly sought Newsom&rsquo;s help when the world&rsquo;s richest man sought to move a bunch of Tesla Inc. engineers back to the state after relocating them to Texas. Amid the thousands of headlines referencing California failings with wildfires, droughts, floods, mass transportation, aging roads, education, homelessness, unaffordable housing, widening inequality and poverty along with the exodus of billionaires, corporate headquarters and longtime residents -- never mind the &ldquo;slick&rdquo; label whenever the betting favorite for the 2028 Democratic presidential nomination is mentioned in the press &ndash; the Golden State (population 39 million people), just supplanted Japan (123 million) as the fourth-largest economy. Matthew Winkler, Bloomberg News Editor-in-Chief Emirtus discusses how California's economy has grown faster than either China or Germany... And picking up steam.

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Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec bring you insight on the people, companies and trends shaping today's complex economy.&nbsp; You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Who Knew Newsom Was Such an Economic Maestro?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b24b3fc2-0b38-49cc-a7f9-b427014c7b8a/transcript