It's a rapturous time to be in prediction markets, but is the promise of Kalshi and Polymarket to "financialize everything" a net good for society, or is it gambling in sheep's clothing? We actually have centuries of history that points towards a potential answer. From this year's On Air Fest in New York City, Everybody's Business and Pushkin Industries' Business History come together to explain the lengths people will go for a life-changing payday. (Or, at the very least, a tote bag at a podcast festival.)

Place your bets.

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In the hours after publishing our Friday episode, President Trump’s global tariffs have been struck down by the Supreme Court. The newsroom has been buzzing over here at Bloomberg, so Stacey called up Jonathan Lieberman, President of New York Customs Brokers to understand what this news means for our pocketbooks.

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While salaries are an anchor in many Americans' lives, billionaires instead rely on investment income and tax avoidance to line their pockets. Professor and author Ray Madoff takes us behind the curtain of the mega-rich and their asset-saving tricks, just as states like California and cities like New York debate how to address their crushing budget shortfalls. Plus, what Generation Alpha thinks about your skinny jeans, and Steven Colbert takes on the FCC.

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According to the latest jobs numbers, the economy is on fire, but who is benefitting and who is still struggling? Economist and author Anna Gifty Opoku-Agyeman joins Max and Stacey to talk about the hidden costs of Black womanhood. And then, business journalist Lauren Sherman follows the thread on why designers and consumers are feeling worn out during New York Fashion Week. Plus, a moonshot ambition and a medieval trend returns.

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Elon Musk has long had his eye on Mars, but any real plan appears to be lost in the cosmos. His more immediate ambitions are decidedly more grounded, with the corporate marriage of SpaceX and xAI. Max and Stacey explore what this future conglomerate will mean for the economy with Bloomberg News reporter Dana Hull.

Back on Earth, the biggest sports games in America is pairing up with one of the biggest pop stars of the planet. Bloomberg's Randall Williams joins us from Santa Clara to talk Super Bowl money, Bad Bunny's politics and why the annual event is incredible business for the NFL. Plus, Valentine's Day on a budget, and a cringe-worthy venture targeting Gen Z.

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In the midst of sub-freezing temperatures in Minneapolis, conflict is heating up between residents and US Immigration and Customs Enforcement. Meanwhile, a similar battle is brewing between Senate Democrats and Republicans as a pending funding package determines the future of ICE's funding. Reporter Fola Akinnibi joins Max and Stacey to figure out just how much ICE costs to function.

Plus, reporter Sarah Frier tells us about a startup that believes it can reverse the declining US population, and two stories about some very precious commodities.

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President Trump caused some serious whiplash this week. First he called for the US to buy Greenland, and said he would impose tariffs on the European countries standing in his way. But days later, at the World Economic Forum in Davos, he seemed to reverse course. Harvard economist Kenneth Rogoff and Stacey join Max from the Swiss Alps to make sense of a potential acquisition of the arctic territory.

Plus, hold onto your parkas, because Derek Guy (aka "the menswear guy") discusses how America can remanufacture its cool by bringing craftsmanship back stateside. And: Lululemon takes customer transparency to a new level.

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This week Federal Reserve Chair Jerome Powell had a message for the nation, and President Donald Trump: intimidation has no place at the Central Bank. Stacey sits down with former Fed Chair and Treasury Secretary Janet Yellen to talk about why this is such a dangerous moment in history and why Powell's two-minute video was so important.

Then Bloomberg reporter Ashley Carman joins Max and Stacey in the studio to discuss what Spotify's new CEOs mean for how you'll stream music and more in the future. Plus, Stacey wonders "are you dead yet?" and Max discovers a spicy way to swipe your way to a new job.

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