Exclusive: Rachel Reeves on Iran Shock, US Trade and Inflation Risks

Hosts Merryn Somerset Webb and John Stepek react to the Spring Statement, plus Bloomberg's exclusive interview with Chancellor Rachel Reeves.  She sat down with Head of Economics and Government Stephanie Flanders on Tuesday, and discussed Britain's pending trade deal with the US, why it won't affe…

What Can Quant Trading Strategies Teach Us About Markets?

Merryn Somerset Webb speaks with Simon Judes, chief investment officer of Winton, about how to properly understand quantitative investing. Judes attempts to demystify some of the strategies quantitative funds use to allocate capital across different portfolios. They also discuss the role artificial…

Markets Wrap: From YOLO to HALO

From YOLO to HALO. In this week's markets wrap, hosts Merryn Somerset Webb and John Stepek discuss why markets are ditching high multiple AI and software stocks, for "HALO" companies - heavy assets, low obsolescence - and why higher interest rates and even higher infrastructure costs may be behind …

The 51% Graduate Tax

Many of the graduates whose university costs were funded with Plan 2 student loans are now in their 30s, wondering why they have no money at the end of the month, and why they still owe more student debt than they left uni with. The critical mass of graduates feeling the pinch might just have been …

Diversification Play: Why It's Not Too Late to Buy Asia

Fiona Yang, portfolio manager on the Invesco Asia Dragon Trust, joins Merryn Somerset Webb to discuss why global capital rotated from US equities into emerging Asia in 2025—and what she sees happening in 2026. She explains her valuation-driven, long-term, contrarian approach to stock selection acro…

Markets Weekly: Inflation Falls, Wage Growth Cools, and Bets on BOE Cuts

On this week's markets wrap, John Stepek speaks with Bloomberg Opinion columnist Marcus Ashworth and Morwenna Coniam from the Markets Today team about this week’s fall in the headline rate of consumer price inflation and slowing wage growth. They also discuss rising youth unemployment and the poten…

REITs Explained: How Real Estate Investment Trusts Work and What Moves Their Prices

Merryn Somerset Webb and John Stepek are joined by Bloomberg’s Jack Sidders to break down how Real Estate Investment Trusts (REITs) work and why they’ve struggled in recent years. They explore the impact of interest rates, the significance of different sectors such as warehouses, student housing an…

Modern Monetary Theory: Free Money or Fiscal Fantasy?

Merryn Somerset Webb speaks with Panmure LiberumChief Economist Simon French to unpack Modern Monetary Theory—the idea that governments issuing their own currency can spend freely, constrained only by inflation. They explore whether the pandemic offered a real-world test of MMT, why fiscal policy m…

Markets Weekly: AI Sparks Market Rotation, UK Political Risk, and the Pensions Property Debate

On this week's markets wrap, hosts Merryn Somerset Webb and John Stepek discuss a sharp market rotation driven by growing fears that AI will disrupt – rather than simply enhance – major sectors including legal services, wealth management, and digital platforms. As “old economy” stocks rise and Asia…

What Reform Plans to Do If It Takes Over the UK with Richard Tice

With talk of an early UK election swirling, Reform Deputy Leader Richard Tice joins Merryn Somerset Webb to make the case that his party is ready to govern. Tice argues that Reform UK, which is leading in the polls, is gearing up policy “working groups” and road-testing power in local councils. He …