The Spillover

5.0 (6)
BUSINESS NEWS
UPDATED WEEKLY

How do critical international developments shape economic and financial markets worldwide? Each week, The Spillover traces the ripple effects of global events, exploring the intersection of policy, geopolitics, economics, technology, and finance. This podcast helps you better understand what’s happening, and why it matters to businesses, the markets, and the world.

20H AGO

U.S. Supreme Court Rules Against Trump’s Tariffs

In a 6-3 decision, the U.S. Supreme Court struck down the government’s use of the International Emergency Economic Powers Act (IEEPA), holding that the statute does not authorize a president to impose sweeping tariffs. In this breaking news episode, host Rebecca Patterson is joined by Michael Froman, president of the Council on Foreign Relations and a former U.S. trade representative, to unpack the decision and discuss potential spillovers into financial and labor markets. The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy. Guest: Michael Froman, President, Council on Foreign Relations

19 min
2D AGO

The “European Onion” + China, Brazil, and India Take On MAGA

The Hook: Europe wields under-appreciated microeconomic strengths but faces significant macroeconomic challenges. On the micro side, it is home to critical and innovative firms that sit at the heart of key supply chains, an advantage that markets may undervalue. On the macro side, however, slow growth, gridlock, fragmented capital markets, and fiscal limitations have long held the region back. The incentive to get creative so Europe can grow faster and leverage its massive economy is substantial. The Spillovers: European equities outperformed U.S. peers in 2025 for the first time in many years. Attractive valuations, hopeful sentiment around fiscal stimulus, and a desire to diversify away from the U.S. have helped propel that trend into 2026. For such optimism to be sustained, however, Europe needs to reform and better negotiate with the U.S., possibly taking a lesson from China, Brazil, and India. The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy. Guest: Edward Fishman, Senior Fellow and Director of the Maurice R. Greenberg Center for Geoeconomic Studies; Author, Chokepoints: American Power in the Age of Economic Warfare Mentioned on the Episode: Edward Fishman, “Want to stop Trump bullying your country? Retaliate,” The Guardian “MEPs propose new legal framework for innovative companies,” European Parliament “How Polymarket Is Turning Bitcoin Volatility Into a Five-Minute Betting Market,” Yahoo Finance “Why a dart frog poison believed to have killed Alexei Navalny points to the Kremlin,” NBC News

37 min
FEB 12

Japan’s Heavy Metal PM + Political Threats to Markets + China’s Sad Horse

The Hook: Some of the world’s largest advanced economies—the United States, the United Kingdom (UK), Japan, and France—are increasingly vulnerable to market shocks due to a combination of high debt, aging demographics, rising defense spending, and stimulus-hungry populations at a time when inflation has become a structural challenge. The Spillovers: More frequent political uncertainty is influencing government bond and currency markets, such as concerns over the unwinding of Japan’s “yen carry trade” following Takaichi Sanae’s reelection, scandal-driven market stress in the UK, and investor nerves around political stability in both the United States and France. The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy. Mentioned on the Episode: “Accidental ‘crying horse’ toy wins hearts in China,” Reuters “Economic Anxiety Is a Global Problem,” Gallup

38 min

3 Episodes

5

out of 5

6 Ratings

A whirlwind discussion of the fragile four economies and worldwide implications …

6d ago

Dr. Eddey

The goals of this podcast were met without exception and in an entertaining fashion. Looking forward to the next episode!

How do critical international developments shape economic and financial markets worldwide? Each week, The Spillover traces the ripple effects of global events, exploring the intersection of policy, geopolitics, economics, technology, and finance. This podcast helps you better understand what’s happening, and why it matters to businesses, the markets, and the world.