On this week’s Trumponomics, we unpack the promise and peril for America of Trump’s AI vision. Host Stephanie Flanders is joined by Michael Deng, geoeconomics technology analyst for Bloomberg Economics, and Parmy Olson, a columnist with Bloomberg Opinion and author of the book Supremacy: AI, ChatGPT and the Race That Will Change the World. 

Together, they discuss how the administration’s plans when it comes to tariffs, energy and other issues risk isolating the US from the very global tech ecosystem it’s trying to dominate.

On this week&rsquo;s Trumponomics, we unpack the promise and peril for America of Trump&rsquo;s AI vision. Host Stephanie Flanders is joined by Michael Deng, geoeconomics technology analyst for Bloomberg Economics, and&nbsp;Parmy Olson, a columnist with Bloomberg Opinion&nbsp;and author of the book&nbsp;Supremacy: AI, ChatGPT and the Race That Will Change the World.&nbsp;
Together, they discuss how the administration&rsquo;s plans when it comes to tariffs, energy and other issues risk isolating the US from the very global tech ecosystem it&rsquo;s trying to dominate.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

The Promise and Peril of Trump’s Big AI Plan

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7690bc2e-b92b-41e6-b761-b32a011e496d/transcript

The idea of a “K-shaped economy” has become one of the most persistent themes about the US economy: While some households continue to thrive, in particular the wealthy ones, everyone else falls further behind. On this episode of Trumponomics, host Stephanie Flanders, Moody’s Analytics Chief Economist Mark Zandi and Bloomberg Economics’ Andrew Sacker explore whether that narrative is simply another way of describing that longer-term American phenomenon of inequality — or whether it points to a deeper vulnerability.

The idea of a &ldquo;K-shaped economy&rdquo; has become one of the most persistent themes about the US economy: While some households continue to thrive, in particular the wealthy ones, everyone else falls further behind. On this episode of Trumponomics, host Stephanie Flanders, Moody&rsquo;s Analytics Chief Economist Mark Zandi and Bloomberg Economics&rsquo; Andrew Sacker explore&nbsp;whether that narrative is simply another way of describing that longer-term American phenomenon of inequality &mdash; or whether it points to a deeper vulnerability.

Is the US Economy Dangerously Dependent on the Rich?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b76c1bf7-c73e-45ea-8bd9-b45e01629eaf/transcript

A Gallup poll reported last year that just 15% of Americans said they had a great deal or quite a lot of confidence in big business, a record low. Since then, fear of artificial intelligence has made matters worse. So why is big business increasingly unpopular in Donald Trump's America? What does it tell us about the state of the nation and the long-term strength of the world's largest economy? 

On this week's Trumponomics, host Stephanie Flanders explores those questions with Bloomberg Opinion global business columnist Adrian Wooldridge. He says the root of this malaise may be a US corporate culture that's shifted from genuine risk-taking entrepreneurship toward a mix of oligarchic tech elites and bloated bureaucracies, fueled by market concentration and declining competition. Later, Flanders and Wooldridge explore whether AI will in turn disrupt these dominant firms or further entrench their power — and what the backlash against tech could mean for politics, capitalism and American democracy.

A Gallup poll reported last year that just 15% of Americans said they had a great deal or quite a lot of confidence in big business, a record low. Since then, fear of artificial intelligence has made matters worse. So why is big business increasingly unpopular in Donald Trump's America? What does it tell us about the state of the nation and the long-term strength of the world's largest economy? On this week's Trumponomics, host Stephanie Flanders explores those questions with Bloomberg Opinion global business columnist Adrian Wooldridge. He says the root of this malaise may be a US corporate culture that's shifted from genuine risk-taking entrepreneurship toward a mix of oligarchic tech elites and bloated bureaucracies, fueled by market concentration and declining competition. Later, Flanders and Wooldridge explore whether AI will in turn disrupt these dominant firms or further entrench their power &mdash; and what the backlash against tech could mean for politics, capitalism and American democracy.

Why Is America Turning Against Big Business?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/852ebea5-c868-4be3-9417-b457015c5659/transcript

Across developed markets, bond markets are staging a slow-motion car wreck. As Opinion columnist and senior markets editor John Authers puts it, the phenomenon is truly global. Authers and Robin J. Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, join host Stephanie Flanders to explain why investors have turned sharply against government bonds across the world’s major developed economies — and how the fallout could affect us all.

Read John Authers's column here: 
https://www.bloomberg.com/opinion/newsletters/2026-05-19/the-great-bond-car-wreck-in-slow-motion

And find Robin J. Brooks's substack here: 
https://robinjbrooks.substack.com/p/liz-truss-bond-market-blow-ups

Across developed markets, bond markets are staging a slow-motion car wreck. As Opinion columnist and senior markets editor John Authers puts it, the phenomenon is truly global. Authers and Robin J. Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, join host Stephanie Flanders to explain why investors have turned sharply against government bonds across the world&rsquo;s major developed economies &mdash; and how the fallout could affect us all. Read John Authers's column here:&nbsp; <a href="https://www.bloomberg.com/opinion/newsletters/2026-05-19/the-great-bond-car-wreck-in-slow-motion">https://www.bloomberg.com/opinion/newsletters/2026-05-19/the-great-bond-car-wreck-in-slow-motion</a> And find Robin J. Brooks's substack here:&nbsp; https://robinjbrooks.substack.com/p/liz-truss-bond-market-blow-ups

The Great Bond Car Wreck — in Slow Motion

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3bcc275d-80e7-45c2-8401-b450006b6f65/transcript

The Promise and Peril of Trump’s Big AI Plan

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