Merryn Talks Money

Hosted by Bloomberg

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Episodes

407

Latest episode

Oct 2026

Language

EN-US

About the show

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Listen to episodes

60 recent

October 26, 202637 min

Can the AI Boom Survive a Margin Squeeze?

In this episode of Merryn Talks Money , Merryn Somerset Webb and Steve Hou, head of research at Silicon Data, delve into an emerging issue in the economics of artificial intelligence: token prices are falling while the cost of compute needed to produce them is rising. They discuss what this mismatch could mean for the valuations of companies like OpenAI and Anthropic, whether demand can justify the enormous sums being invested in AI infrastructure and what happens when everyone has armies of AI agents working on our behalf. See omnystudio.com/listener for privacy information.

October 23, 202619 min

French Bond Markets and AI Neoclouds Feel The Pressure

Are we heading for another eurozone panic? This week, John Stepek and Bloomberg’s Sam Unsted discuss why political uncertainty in France is pushing up the country's borrowing costs, why the UK has (perhaps surprisingly) managed to avoid similar pressure, and where the first signs of strain are emerging in the AI boom. They also explore what slowing AI investment could mean for the investors, governments and industries banking on its growth. See omnystudio.com/listener for privacy information.

October 21, 202623 min

The Portfolio Reset: Episode 2

Passive investing was designed to track the market, not shape it. But as Merryn Somerset Webb and John Stepek explore in the second episode of The Portfolio Reset , the enormous growth of passive investing has changed the market it was built to follow, just as some of the world’s most valuable companies are staying private for longer. Using SpaceX as an example, they examine the changing relationship between public and private markets and why no investment is truly passive — someone is always making a decision somewhere in the process. As passive flows grow powerful enough to move markets, Merryn and John explain why investors should make sure they’re making active decisions in pursuit of their own financial goals, rather than leaving those decisions in the hands of strangers. See omnystudio.com/listener for privacy information.

October 19, 202635 min

The Case for Buying Small Caps Now

After years of being overshadowed by US megacaps and the artificial intelligence boom, could smaller companies finally be ready for a comeback? Merryn Somerset Webb speaks with Downing fund manager Simon Evan-Cook and Odyssean Capital’s Stuart Widdowson about why small caps remain unusually cheap, what could bring investors back — and whether small-cap value could become the ultimate anti-AI trade. See omnystudio.com/listener for privacy information.

October 16, 202611 min

Markets Wrap: AI Jitters, Budget Expectations and UK Housing Rebound?

Are we seeing signs of investors starting to lose their nerve over artificial intelligence? On this week's markets wrap, Merryn Somerset Webb and John Stepek discuss the cracks appearing in the AI boom, as well as why UK house prices could rebound faster than expected, and how changes to inheritance tax may help fuel demand. Plus, with the Budget approaching, they ask whether the best thing the government could do is simply leave well enough alone. See omnystudio.com/listener for privacy information.

October 14, 202621 min

The Portfolio Reset: Episode 1

For today’s investor, making money in markets may seem straightforward: put your money into a passive fund that tracks US stocks. It’s been a winning strategy for so long that it feels like the obvious choice. Yet as Merryn Somerset Webb, John Stepek and their expert guests discuss over the course of this four-part series, past performance is no guarantee of future returns, with major implications for how investors build their portfolios. In the first episode, they examine how passive investing went from a niche strategy to the default for many people, channeling ever more capital into US stocks and the tech giants that dominate the market. Passive investing is still an investment decision, after all — one that leaves many investors with far more concentration risk than they realize. See omnystudio.com/listener for privacy information.

October 12, 202649 min

Why the Commodity Bull Market Is Just Beginning

Adam Rozencwajg, portfolio manager at natural resources firm Goehring and Rozencwajg, joins Merryn Somerset Webb to explain why he thinks the commodity bull market may still be in its early stages. They discuss why gold could fall before reaching new highs, why US shale may have peaked and where he sees opportunities in oil and uranium. See omnystudio.com/listener for privacy information.

October 9, 202626 min

Markets Wrap: Bond Market Turmoil, Inheritance Tax and AI risks

Are European bond markets signaling disaster? This week, John Stepek and Bloomberg's David Goodman explore how the rising gap between bond yields in France and Germany mirrors the eurozone debt crisis, why governments are struggling to deal with the return to more "normal" interest rates, and why Conservative proposals for inheritance tax might clog up the housing market even further. See omnystudio.com/listener for privacy information.

October 7, 202631 min

What to Do If Your Mortgage Rate Jumps

John Stepek, senior reporter and author of the Money Distilled newsletter, is joined by Anthony Emmerson, director at London-based mortgage broker Trinity Financial to discuss rising mortgage rates and borrowers facing a jump in repayments, they explain what homeowners can do to soften the blow — from locking in a new deal early to extending their mortgage term or considering a tracker. They also look at opportunities for first-time buyers, falling flat prices and what the government’s proposed Help to Buy scheme could mean for the housing market. See omnystudio.com/listener for privacy information.

October 5, 202638 min

How to Outsmart Your Investing Instincts

Merryn Somerset Webb speaks with Alex Edmans, author of The Madness of Markets: Why Smart Investors Make Crazy Decisions – And How to Exploit Them , about why even sophisticated investors struggle to overcome the psychological biases that shape their decisions. Markets are driven by humans, and humans are emotional. Edmans explains how understanding the influence of emotion, herd behavior and over-confidence can help investors make better decisions — and potentially achieve better returns. See omnystudio.com/listener for privacy information.

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