Where’s the inflation? With this week’s Consumer Price Index coming in softer than predicted (inflation at its lowest level since 2021, according to government data), a lot of people are wondering why tariffs haven’t pushed prices up. In the debut episode of Everybody’s Business from Bloomberg Businessweek, hosts Stacey Vanek Smith and Max Chafkin tackle President Donald Trump’s trade war, inflation and when the rubber will (if ever) hit the road.

Consumer spending columnist Amanda Mull takes Stacey on a tariff tour through Target, explaining why import taxes have yet to show up in inflation data and how you’re likely to see them in the future. It turns out flatscreen TVs, pineapples and mascara will all manifest tariffs in different ways. Mull concludes tariffs could very well ruin Christmas.

Then sports reporter Randall WIlliams joins to talk about why private equity has started buying up sports teams. It turns out teams are becoming more valuable as games dominate live television, attracting bigger audiences (and commanding higher ad rates). That’s got private equity sneaking into the game, pumping up prices and injecting billions of dollars into teams. Randall concludes that private equity won’t ruin sports (but Max and Stacey are skeptical). Finally, for the underrated story for the week, we look at the rising trend of rising sneaker soles. Shoe brands are creating ever puffier soles even as racing authorities try to put restrictions in place. Ultramarathoner Max realizes his beloved sport is in the crosshairs of controversy. 

Where&rsquo;s the inflation? With this week&rsquo;s <a href="https://www.bls.gov/cpi/" data-cke-saved-href="https://www.bls.gov/cpi/">Consumer Price Index</a> coming in softer than predicted (inflation at its lowest level since 2021, according to government data), a lot of people are wondering why tariffs haven&rsquo;t pushed prices up. In the debut episode of Everybody&rsquo;s Business from Bloomberg Businessweek, hosts Stacey Vanek Smith and Max Chafkin tackle President Donald Trump&rsquo;s trade war, inflation&nbsp;and when the rubber will (if ever) hit the road.
Consumer spending columnist Amanda Mull takes Stacey on a tariff tour through Target, explaining why import taxes have yet to show up in inflation data&nbsp;and how you&rsquo;re likely to see them in the future. It turns out flatscreen TVs, pineapples&nbsp;and mascara will all manifest tariffs in different ways. Mull concludes tariffs <a href="https://www.bloomberg.com/news/articles/2025-05-13/trump-s-tariffs-are-going-to-ruin-christmas-in-the-us" data-cke-saved-href="https://www.bloomberg.com/news/articles/2025-05-13/trump-s-tariffs-are-going-to-ruin-christmas-in-the-us">could very well ruin Christmas</a>.
Then sports reporter Randall WIlliams joins to talk about why private equity has started buying up sports teams. It turns out teams are becoming more valuable&nbsp;as games dominate live television, attracting bigger audiences (and commanding higher ad rates). That&rsquo;s got private equity sneaking into the game, pumping up prices&nbsp;and injecting billions of dollars into teams. Randall concludes that <a href="https://www.bloomberg.com/news/newsletters/2025-04-24/private-equity-firms-splurge-on-pro-sports?srnd=undefined" data-cke-saved-href="https://www.bloomberg.com/news/newsletters/2025-04-24/private-equity-firms-splurge-on-pro-sports?srnd=undefined">private equity won&rsquo;t ruin sports</a> (but Max and Stacey are skeptical). Finally, for the underrated story for the week, we look at the rising trend of <a href="https://us.puma.com/us/en/pd/fast-rb-nitro-elite-pr-mens-running-shoes/379554?srsltid=AfmBOoq38QnwxaCs2nJoKoUCnm2vBMyWIM7hYgxbXDrZPnj2j0JAgHSg" data-cke-saved-href="https://us.puma.com/us/en/pd/fast-rb-nitro-elite-pr-mens-running-shoes/379554?srsltid=AfmBOoq38QnwxaCs2nJoKoUCnm2vBMyWIM7hYgxbXDrZPnj2j0JAgHSg">rising sneaker soles</a>. Shoe brands are creating ever puffier soles even as racing authorities try to put restrictions in place. Ultramarathoner Max realizes his beloved sport is in the crosshairs of&nbsp;controversy.&nbsp;

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.

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.

Elon, Inc.

In Case you Missed It - Everybody’s Business: Trump Ruins Christmas

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cd639997-54e0-417c-abc9-b2df0048421e/transcript

Advertisement