Trump's 4D Chess, Your North Korean Coworker, and Hard Celsius episode artwork

EPISODE · Jul 31, 2025 · 34 MIN

Trump's 4D Chess, Your North Korean Coworker, and Hard Celsius

from Everybody's Business · host Bloomberg and iHeartPodcasts

It was a packed week for the US economy: jobs numbers, an interest rate announcement from Federal Reserve Chair Jerome Powell, consumer confidence data and a tariff deadline. Topping the list was gross domestic product, the sum total of goods and services the economy produces—generally considered the measure of growth. After months of tariffs (and Donald Trump’s constantly shifting positions on them), many economists were predicting the US economy would be showing signs of strain. It turns out, that wasn’t necessarily the case when it comes to GDP (though jobs numbers unveiled Friday may give some pause). After falling a bit during the first few months of the year, this quarter, economic growth clocked in at a 3% annualized rate. But there’s more to this number than meets the eye—or perhaps less. This week on Everybody’s Business, we talk GDP with Ken Rogoff, Harvard economist and author of Our Dollar, Your Problem. His take: the numbers may have been distorted by some of the panicked importing that US businesses were doing earlier in the year in anticipation of Trump’s latest (and now extended again) deadlines. However, he also leans into some chess metaphors (he is, after all, a grandmaster) to address those Trump fans who contend the president is playing four dimensional chess. His verdict? Trump is a “coffee house player.” That’s someone who’s better than you think—but not as good as he himself thinks. Later in the show, we talk with Evan Ratliff about his feature in Bloomberg Businessweek, detailing how workers in North Korea are taking US tech jobs while posing as remote-working Americans. They’ve allegedly managed to infiltrate some of the biggest and wealthiest companies in the country—and their paychecks go to fund North Korea’s nuclear program.  Finally,  the underrated story of the week is a canned spirit drink was mislabeled as an energy drink. See omnystudio.com/listener for privacy information.

Episode metadata supplied by the publisher feed · Published Jul 31, 2025

Embed this episode

NOW PLAYING

Trump's 4D Chess, Your North Korean Coworker, and Hard Celsius

0:00 34:32

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

Frequently Asked Questions

How long is this episode of Everybody's Business?

This episode is 34 minutes long.

When was this Everybody's Business episode published?

This episode was published on July 31, 2025.

Is there a transcript available for this episode?

Yes, a full transcript is available for this episode. You can read the complete transcript on the episode page.

Can I download this Everybody's Business episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!