Rahul Tandon is joined by Han Lin in Shanghai and Allison Schrager in New York to examine a set of stories where markets, politics and consumer behaviour collide. They begin with Donald Trump’s financial disclosures and what they reveal about the relationship between politics, markets, and wealth, before discussing the growing role of governments and billionaires in major technology firms, including OpenAI. And are billionaires heroes or villains? Plus, in China, some western consumer brands are finding strong demand among local consumers, including unexpectedly popular pancake chains. So why are companies such as Nike reporting weaker sales in the country?

Presenter: Rahul Tandon

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(Photo: US President Donald Trump raises a clenched fist to shoulder height after stepping off the new Air Force One, a plane gifted by the Qatari government, after arriving at Joint Base Andrews, Maryland, US, 1 July, 2026. Credit: Evan Vucci/Reuters)