Investors are constantly poring over income statements from big companies to figure out whether they should buy or sell the business's stock. But should they bother? In this week's episode, Joe and Tracy talk to Feng Gu, a professor at SUNY Buffalo, and Baruch Lev, a professor at NYU's Stern School of Business, about why the way we account for a company's earnings might be massively outdated.

Investors are constantly poring over income statements from big companies to figure out whether they should buy or sell the business's stock. But should they bother? In this week's episode, Joe and Tracy talk to Feng Gu, a professor at SUNY Buffalo, and Baruch Lev, a professor at NYU's Stern School of Business, about why the way we account for a company's earnings might be massively outdated.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

On Bloomberg&rsquo;s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

Everything You've Been Taught About How to Value a Stock Might Be Wrong

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e9146bdc-dcb9-43ee-8cda-ae27005b7c79/transcript

According to Joshua Goodman, trash collection in New York is one of the last services the city offers that is not yet touched by neoliberalism. What he means is that it's the last free and unlimited city service — there is no opt-in; it is not means tested. Goodman — who is the DSNY's deputy commissioner for public affairs and customer experience — tells us that the city deals with 24 million pounds of trash every day, and on today's podcast, he explains the logistical dance required to sort through all that garbage. We also get into why NYC produces less trash than you might think, the DSNY's new containerization program (and the new side-loading trucks they built in less than 18 months), and why recycling is not a scam.

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox, plus unlimited access to the site and app. bloomberg.com/subscriptions/oddlots

According to Joshua Goodman, trash collection in New York is one of the last services the city offers that is not yet touched by neoliberalism. What he means is that it's the last free and unlimited city service &mdash; there is no opt-in; it is not means tested. Goodman &mdash; who is the DSNY's deputy commissioner for public affairs and customer experience &mdash; tells us that the city deals with 24 million pounds of trash every day, and on today's podcast, he explains the logistical dance required to sort through all that garbage. We also get into why NYC produces less trash than you might think, the DSNY's new containerization program (and the new side-loading trucks they built in less than 18 months), and why recycling is not a scam.
Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox, plus unlimited access to the site and app.&nbsp;<a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast" data-link-cookie="1" data-destination="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast">bloomberg.com/subscriptions/oddlots</a>

This Is How New York City Takes Out Its Trash

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/15e58d4b-0964-4cc7-a53b-b4fa01669ff2/transcript

We don't need to tell you that the midterm elections were historic: The Democrats won bigger than even they imagined. But as the dust settles, an open question we are puzzling over is the market's ongoing reaction to this massive political sea change. Democratic control of Congress — and control over a number of formerly red statehouses, like Texas and Iowa — will influence everything from the composition of the FOMC to data center construction. And what we're seeing right now, with stocks like Tesla and SpaceX tumbling, is a direct response to these conditions. To get a better sense of this macro moment, we turn to Odd Lots regular, Employ America's executive director Skanda Amarnath to talk about how the midterms will influence the Fed's battle with inflation, Elon Musk's political instincts, and what a Democratic majority means for the market, tariffs, and AI.

See Odd Lots live in NYC on Dec. 9. Tickets on sale!

We don't need to tell you that the midterm elections were historic: The Democrats won bigger than even they imagined. But as the dust settles, an open question we are puzzling over is the market's ongoing reaction to this massive political sea change. Democratic control of Congress &mdash; and control over a number of formerly red statehouses, like Texas and Iowa &mdash; will influence everything from the composition of the FOMC to data center construction. And what we're seeing right now, with stocks like Tesla and SpaceX tumbling, is a direct response to these conditions. To get a better sense of this macro moment, we turn to Odd Lots regular, Employ America's executive director Skanda Amarnath to talk about how the midterms will influence the Fed's battle with inflation, Elon Musk's political instincts, and what a Democratic majority means for the market, tariffs, and AI.
See Odd Lots live in NYC on Dec. 9. <a href="https://events.bloombergevents.com/event/OddLotsNYC/summary">Tickets on sale!</a>

The Macro Implications of the Blue Tsunami

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c08d0fcd-1882-43f3-a1e0-b4f9015cfb5c/transcript

When we last talked to James Bosworth, it seemed like an “orange wave” was going to take over Latin America and further realign the region’s interests with those of the Trump administration. But with Luiz Inacio Lula da Silva’s surprise victory in Brazil’s presidential election last month, and opposition leader María Corina Machado’s return to Venezuela, it now looks like the orange wave might be cresting. Bosworth — a non-resident fellow at the Stimson Center and the author of the Latin America Risk Report newsletter — comes back to the show to explain how Lula pulled off his upset win over Flavio Bolsonaro, the impact of Machado’s return to Venezuela, and why 2027 might further reshape the politics of Latin America.

See Odd Lots live in NYC on Dec. 9. Tickets on sale!

When we last talked to James Bosworth, it seemed like an &ldquo;orange wave&rdquo; was going to take over Latin America and further realign the region&rsquo;s interests with those of the Trump administration. But with Luiz Inacio Lula da Silva&rsquo;s surprise victory in Brazil&rsquo;s presidential election last month, and opposition leader Mar&iacute;a Corina Machado&rsquo;s return to Venezuela, it now looks like the orange wave might be cresting. Bosworth &mdash; a non-resident fellow at the Stimson Center and the author of the Latin America Risk Report newsletter &mdash; comes back to the show to explain how Lula pulled off his upset win over Flavio Bolsonaro, the impact of Machado&rsquo;s return to Venezuela, and why 2027 might further reshape the politics of Latin America.
See Odd Lots live in NYC on Dec. 9. <a href="https://events.bloombergevents.com/event/OddLotsNYC/summary">Tickets on sale!</a>

James Bosworth on What Comes After Lula's Stunning Win

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/468e99b6-7c28-4fc4-86d7-b4f8016f319d/transcript

Everything You've Been Taught About How to Value a Stock Might Be Wrong

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