With Stacey Vanek Smith off at the World Economic Forum in China, Max Chafkin is joined by Brad Stone, the editor of Bloomberg Businessweek, and Bloomberg reporter Laura Nahmias. Together, they discuss how significant democratic socialist Zoran Mamdani’s surprising New York City’s Democratic mayoral primary victory could be for Wall Street and the city of New York.

A parallel to Mamdani’s triumph in an increasingly unaffordable city is taking place this week in Venice, where multibillionaire Amazon co-founder Jeff Bezos and former broadcast journalist Lauren Sánchez are to be married. With fierce opposition raging in the Italian city, already made crushingly expensive by over-tourism, does this mean disdain for billionaires is at a boiling point? Chafkin and Stone talk it over. Also, the crew sent out a producer to the streets of New York to ask people the question on everyone’s mind: what wedding gift can you possibly get for the man behind the everything store?

Chafkin and Stone then turn their gaze to the movie industry. Technology has been haunting Hollywood for a while now. The internet, file sharing, streaming—the big studios have been playing defense against Silicon Valley since the turn of the century. But now they’re facing a potentially bigger threat: artificial intelligence. Entertainment reporter Lucas Shaw walks us through how the industry is fighting with, and adapting to, this seemingly unstoppable new force.

And to end things, Chafkin brings what he considers the most underrated story of the week: the accidental support of a planned coup in South Sudan by a co-funder of Jane Street.

See omnystudio.com/listener for privacy information.

As of this writing, Israel’s war with Iran has been underway for close to a week, triggered by a surprise attack ordered by Prime Minister Benjamin Netanyahu on Iranian military and civilian targets. Israel’s waves of strikes have killed hundreds of Iranians while dozens of Israelis have died in Iranian retaliatory volleys. Donald Trump has demanded Iran’s “unconditional surrender” and indicated that America might join Israel’s bombing campaign. Iran’s Ayatollah Ali Khamenei has rejected the Republican president’s demand.

While acknowledging that this is a bit further afield from the show’s usual fare, Max Chafkin and Stacey Vanek Smith talk through the Mideast conflict and what it means for the global economy—and for everyone. They’re joined by Bloomberg Opinion columnist John Authers, who’s been covering the war and its implications in his newsletter, Point of Return.

Later in the show, Bloomberg Businessweek contributor Megan Greenwell joins Max and Stacey to talk about the economic destruction private equity has wreaked on the US. Greenwell covers this subject in her critically acclaimed book, Bad Company. PE’s effects on working-class communities are on Max and Stacey’s minds as the industry angles for access to Americans’ 401(k)s.

Finally, Stacey digs into Max’s new feature on Mark Cuban, the Shark Tank billionaire who’s been not not-flirting with a run for president in 2028. They discuss Cuban’s healthcare plans, the challenges of fighting “Trumpiness” with “Trumpiness” and pitch a shark tank-like arrangement for congressional bills.

See omnystudio.com/listener for privacy information.

Some of the most important forces at work in the US economy can’t be captured by the data, at least not entirely. Take the contribution of undocumented workers—an estimated 5% of the US workforce is undocumented, many toiling in sectors of vital importance to the economy, such as construction, agriculture and food services. With Donald Trump’s immigration crackdowns on the rise, reports are coming in that immigrants (both documented and undocumented) are staying away from their jobs. If the trend continues, the economic consequences could bring this part of the economy to the fore in a big way.

The less-visible economy is the theme of this week’s episode of Everybody’s Business from Bloomberg Businessweek. Hosts Max Chafkin and Stacey Vanek Smith look at the economic impact of immigrants with economist Kathryn Anne Edwards. Edwards says more workers (documented or not) are almost always a net gain for an economy, causing it to grow, expand and become wealthier.

Then what is going on underneath the inflation numbers? The government’s Consumer Price Index for May came out this week and the numbers look good. Prices are rising at a rate of 2.4%, quite close to the central bank’s “ideal” inflation rate of 2%. Of course, to many of us, it doesn’t feel that way. Some prices, especially unavoidable prices, like food, have risen enormously since before the pandemic and continue to sting. Max and Stacey talk to Bloomberg Businessweek columnist Deena Shanker about how pizza is a perfect economic indicator for this moment, and a window into the profound changes happening in the food industry.

Finally, the hidden economy inside carry-ons surfaces in a recent seizure by border security in India, which caught a man trying to smuggle dozens of deadly pit vipers. Stacey and Max discuss the underground economy for exotic animals: Whether it’s spiders, parrots or poisonous snakes, the market is worth billions of dollars a year.

See omnystudio.com/listener for privacy information.