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...
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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.

Check out the feed of our sister podcast <a href="https://link.podtrac.com/mgahxjfp">Everybody's Business</a> 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 &ldquo;big beautiful&rdquo; 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&nbsp; the job market, competing with an <a href="https://www.ilo.org/publications/generative-ai-and-jobs-refined-global-index-occupational-exposure">ever growing army of robot workers</a>.&nbsp;&nbsp;
In the second episode of Everybody&rsquo;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.&nbsp;
The tax cut extension still has to pass the Senate, but the House version would add roughly <a href="https://www.bloomberg.com/news/articles/2025-05-22/trump-tax-bill-narrowly-passes-house-overcoming-gop-infighting">$4 trillion to the deficit</a> 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&rsquo;s economic policies <a href="https://kyla.substack.com/p/wweconomics-kayfabe-and-the-trade">by watching Wrestlemania</a>.
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 href="https://www.ilo.org/publications/generative-ai-and-jobs-refined-global-index-occupational-exposure">a new study estimates</a> up to ⅓ of jobs in developed countries will be &ldquo;transformed&rdquo; by AI.&nbsp; 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<a href="https://www.nature.com/articles/d41586-025-01484-3"> turn lead into gold</a>! Stacey thinks this could be a turning point for the gold market and all mankind. Max has doubts&hellip;after all, all that glitters is not gold.

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: Wrestling With Taxes, Robots and Gold

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/372eaebf-2ffa-402a-b990-b2e6013f8cf4/transcript