The Big Short: China Edition

The mayor of America’s largest city likes to say he’s been “rejected, arrested and then elected.” Now, he’s been indicted. WSJ’s Jimmy Vielkind unpacks the unprecedented federal foreign bribery case against Eric Adams. Further Listening: -Gold Bars, Cash and a Mercedes: A U.S. Senator's Corruption Trial  Further Reading: -Inside the Eric Adams Indictment  -After the Eric Adams Indictment, What’s Next?  Learn more about your ad choices. Visit megaphone.fm/adchoices

After two big economic speeches this week, Ryan Knutson and Molly Ball discuss the candidates’ different economic strategies. Plus, voting has begun! We explore mail in voting and its impact on this election! Further Listening: - Red, White and Who? Playlist  - Red, White and Who? Why Ohio Could Decide the Senate  - Red, White and Who? A Swing-State Debate  Further Reading: - Harris Puts Government Intervention at Heart of Economic Policy  - Trump Says Plan Will Convince Foreign Companies to Shift Jobs to U.S.  - Voters Love the Policies That Economists Love to Hate  Learn more about your ad choices. Visit megaphone.fm/adchoices

Milton Magnus, an Alabama businessman who runs one of the last makers of wire hangers in the U.S., has waged a decades-long tariff battle against Chinese manufacturers to try to stay afloat. We hear from Magnus and we talk to Chao Deng about th e effectiveness of tariffs as the trade tool becomes more popular with politicians.  Further Listening: -Why China Is Risking a Trade War  -The Fight Over U.S. Steel and the Community Caught in the Middle  Further Reading: -The Family Business in Alabama That Fights China for Survival  Learn more about your ad choices. Visit megaphone.fm/adchoices

Former president Donald Trump wants to be the crypto president. With stops at a bitcoin conference and a bitcoin-themed bar, Trump is tapping into an industry that’s eager to support a crypto-friendly candidate. WSJ’s Vicky Huang explains how Trump and the crypto industry have cozied up ahead of the 2024 election. Further Reading: - Trump Hitches His Campaign to the Crypto Crowd  - That Time Donald Trump Walked Into a Bar and Bought a Round Using Bitcoin  - The Crypto Industry Is Trying to Elect Political Allies. The Stakes Couldn’t Be Higher.  Further Listening: - Elon Musk and Silicon Valley Turn Towards Trump  Learn more about your ad choices. Visit megaphone.fm/adchoices

This month, Red Lobster emerged from bankruptcy. At the helm of the restaurant chain is its new CEO, 35-year-old Damola Adamolekun. Ryan Knutson talks to Adamolekun about what brought about Red Lobster’s decline and his plan to revitalize the company.  Further Listening: - McDonald’s Wants To Offer Quality And Value. Can It Do Both?  Further Reading: - The 35-Year-Old CEO Plotting Red Lobster’s Comeback  - Red Lobster Exits Chapter 11 Bankruptcy With New Owners, CEO  Learn more about your ad choices. Visit megaphone.fm/adchoices

Christian filmmakers have surprised Hollywood with a series of box office hits and now investors are pouring in millions. WSJ’s John Jurgensen explains how their successes could change the entertainment industry. Further Reading:  - Religious Movies Are Sweeping Hollywood. Rich Investors Are Pouring In Millions.  - Fans Pour Funding - and Faith - Into a Hit Drama About Jesus  - A Child-Trafficking Thriller Is Taking on Hollywood. Who’s behind it?  Further Listening:  - With Great Power, Part 1: Origin Story  - Mattel Bets Big on Barbie  Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Reserve cut interest rates this week, after a two year battle with inflation. David Uberti explains how that will impact the economy and we hear from two couples about what they hope this means for their finances.  Further Listening: - A Fed Insider on the Looming Rate Cut  - What the Stock Market Panic Says About the Economy  - Trump Allies Draft Plans to Rein in the Fed  Further Reading: - Americans Are Desperate for Relief. The Rate Cut Is a Glimmer of Hope.  - The Fed Aims to Repeat Greenspan’s 1990s Masterpiece  - Fed Cuts Rates by Half Percentage Point  Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Knutson talks with Molly Ball and Rachel Humphreys about their recent trip to Ohio, where they talked to voters about a tight Senate race and why it might matter so much for both parties. Plus, look at another important Senate race in Montana. Further Listening:  - Red, White and Who? Playlist  - Red, White and Who? A Swing-State Debate  - Red, White, and Who? How Abortion Plays for Trump and Harris  Further Reading: - A Populist Democrat Fights to Survive the Trump-Fueled Populist Wave  Learn more about your ad choices. Visit megaphone.fm/adchoices

On Tuesday afternoon, thousands of pagers issued to Hezbollah operatives in Lebanon exploded at the same time, killing 12 people and injuring more than 2,800. The next day, walkie-talkies detonated in a similar way. Michael Amon reports on one of Israel’s most ambitious covert operations and what the attacks could mean for a broader war. Further Listening: -The Brutal Calculation of Hamas’s Leader  -Why Israel and Hamas Could Be Headed Into a Forever War  Further Reading: -How a Covert Attack Against Hezbollah Unfolded Across Lebanon’s Streets and Malls  -Israel Scored a Stunning Blow Against Hezbollah. Its Path to Victory Is Less Clear.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Organized crime used to be considered a remote threat in much of Western Europe, but ruthless violence by criminal gangs is now rattling the peace in some of the world’s safest societies. WSJ’s Sune Rasmussen explores the rise of one drug kingpin and how his brutal tactics have spread around the continent.  Further Reading: - Violent Drug Gangs Bring Mayhem to Western Europe  Further Listening: - The Push to Test Drugs for Fentanyl  - Afghanistan's Desperation Economy  Learn more about your ad choices. Visit megaphone.fm/adchoices