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Merryn Talks Money

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Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

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  1. Bad News Is Good News — Until It Isn’t

    In this episode of Markets Wrap, Merryn Somerset Webb and John Stepek discuss the Bank of England’s latest rate hike, a record high for the FTSE 250 and the shrinking UK small-cap market. Plus, they look at the fallout from the US midterms

  2. Episode 4: Your Questions On Rebalancing, Investment Gurus, And Ready-Made Portfolios Answered

    In the final episode of The Portfolio Reset, Merryn Somerset Webb and John Stepek answer listeners’ questions. They address when to rebalance, whether ready-made funds are really diversified, how to avoid investment regret, and whether the

  3. Where Do You Hide From an AI Bubble?

    Merryn Somerset Webb sits down with Chris Clothier, co-chief investment officer at CG Asset Management, to discuss the fragile economics of the AI boom and what could bring the spending spree to an end. They also explore the case for inflat

  4. Has the UK Redefined What It Means to Be a High Earner?

    Merryn Somerset Webb and John Stepek are joined by Hargreaves Lansdown’s Anna Macdonald to unpack the UK Budget, from fiscal drag and tax complexity to what it means for investors and small businesses. Plus, they ask whether the market's dr

  5. The Portfolio Reset: Episode 3

    No investor can know exactly what markets will do next. So instead of trying to predict the next winner, the goal is to build a portfolio that can hold up across a range of scenarios — one that reflects your appetite for risk, your financia

  6. Can the AI Boom Survive a Margin Squeeze?

    In this episode of Merryn Talks Money, Merryn Somerset Webb and Steve Hou, head of research at Silicon Data, delve into an emerging issue in the economics of artificial intelligence: token prices are falling while the cost of compute needed

  7. French Bond Markets and AI Neoclouds Feel The Pressure

    Are we heading for another eurozone panic? This week, John Stepek and Bloomberg’s Sam Unsted discuss why political uncertainty in France is pushing up the country's borrowing costs, why the UK has (perhaps surprisingly) managed to avoid sim

  8. The Portfolio Reset: Episode 2

    Passive investing was designed to track the market, not shape it. But as Merryn Somerset Webb and John Stepek explore in the second episode of The Portfolio Reset, the enormous growth of passive investing has changed the market it was built

  9. The Case for Buying Small Caps Now

    After years of being overshadowed by US megacaps and the artificial intelligence boom, could smaller companies finally be ready for a comeback? Merryn Somerset Webb speaks with Downing fund manager Simon Evan-Cook and Odyssean Capital’s Stu

  10. Markets Wrap: AI Jitters, Budget Expectations and UK Housing Rebound?

    Are we seeing signs of investors starting to lose their nerve over artificial intelligence? On this week's markets wrap, Merryn Somerset Webb and John Stepek discuss the cracks appearing in the AI boom, as well as why UK house prices could

  11. The Portfolio Reset: Episode 1

    For today’s investor, making money in markets may seem straightforward: put your money into a passive fund that tracks US stocks. It’s been a winning strategy for so long that it feels like the obvious choice. Yet as Merryn Somerset Webb, J

  12. Why the Commodity Bull Market Is Just Beginning

    Adam Rozencwajg, portfolio manager at natural resources firm Goehring and Rozencwajg, joins Merryn Somerset Webb to explain why he thinks the commodity bull market may still be in its early stages. They discuss why gold could fall before re

  13. Markets Wrap: Bond Market Turmoil, Inheritance Tax and AI risks

    Are European bond markets signaling disaster? This week, John Stepek and Bloomberg's David Goodman explore how the rising gap between bond yields in France and Germany mirrors the eurozone debt crisis, why governments are struggling to deal

  14. What to Do If Your Mortgage Rate Jumps

    John Stepek, senior reporter and author of the Money Distilled newsletter, is joined by Anthony Emmerson, director at London-based mortgage broker Trinity Financial to discuss rising mortgage rates and borrowers facing a jump in repayments,

  15. How to Outsmart Your Investing Instincts

    Merryn Somerset Webb speaks with Alex Edmans, author of The Madness of Markets: Why Smart Investors Make Crazy Decisions – And How to Exploit Them, about why even sophisticated investors struggle to overcome the psychological biases that sh

  16. Markets Wrap: The Triple Lock, Bond Yields and Housing

    Fresh off the party conference, the Labour government is promising pension reform, a new approach to social care and yet another scheme to help first-time buyers. Merryn Somerset Webb and John Stepek ask whether the sums add up, what the bo

  17. Physical Gold, Stocks and Retirement: Your Questions Answered

    Merryn Somerset Webb and John Stepek answer some of your questions. They explore the differences between holding physical gold and investing through an ETF, whether or not buying shares actually benefits the company you've invested in, and

  18. The Stocks That Could Survive an AI Bust

    Merryn Somerset Webb speaks with Blue Whale Growth Fund Chief Investment Officer Stephen Yiu about what could derail the artificial intelligence boom — and where investors might look if it does. They discuss whether today’s enthusiasm is ma

  19. Is the Stock Market Sending a Warning?

    Merryn and John discuss worrying signals from the stock market, the physical constraints facing the AI boom, China’s growing appetite for gold and an unexpected consequence of the data-center buildout. See https://omnystudio.com/listener fo

  20. Is Buy-to-Let Still a Good Investment?

    As the UK's buy-to-let marks its 30th anniversary, we still find ourselves asking: is it worth it? This week, Merryn Somerset Webb and Aneisha Beveridge, head of research at Hamptons, discuss how it went from accessible investment strategy

  21. What Career Should You Choose in the AI Age?

    Merryn Somerset Webb speaks with Daniel Susskind, senior research associate at the Institute for Ethics in AI at the University of Oxford and a member of the UK government’s expert panel on AI and the future of work. AI is expected to trans

  22. Can Governments Afford These Interest Rates?

    It’s interest-rate week, with central banks around the world making key decisions. Merryn Somerset Webb and John Stepek discuss what rising rates mean for markets, government debt and your money — and why financial repression and currency d

  23. How to Turn Income Into an Inheritance Tax Break

    Merryn Somerset Webb sits down with Sarah Coles, head of personal finance at AJ Bell, to discuss how gifting surplus income can help reduce your inheritance tax bill ahead of changes to the IHT treatment of pensions in April 2027. See https

  24. Ed Conway on the Hidden Supply Chains That Run the World

    Merryn Somerset Webb speaks with Ed Conway, economics and data editor at Sky News and author of Trade World, about the vast and often invisible supply chains behind the things we buy. They discuss whether decades of globalisation have made

  25. Markets Wrap: Bessent's Big Bet, Bond Yields and the AI Bubble

    Britain’s bond yields are the highest in the G7, as renewed inflation pressures collide with rising defense costs and a government reluctant to make politically painful spending choices. This week, John Stepek is joined by Bloomberg macro s

  26. Live From Fringe: What Adam Smith Can Teach Us About Debt and Power

    In this episode of Merryn Talks Money, host Merryn Somerset Webb is joined live at the Edinburgh Festival Fringe by Bloomberg Opinion columnist Adrian Wooldridge, former British ambassador Nick Hopton and Orbis Investment Management Chairma

  27. Live From Fringe: What Adam Smith Would Say of Bond Market Turmoil

    Host Merryn Somerset Webb is joined by Interactive Investor CEO Richard Wilson, Anna MacDonald, investment strategy director at Hargreaves Lansdown, and Russell Napier, financial historian and Keeper of the the Library of Mistakes for the s

  28. Live from Fringe: What Adam Smith Can Teach Investors About AI and Investing

    In this episode of Merryn Talks Money, host Merryn Somerset Webb is joined by Bloomberg senior reporter John Stepek, Schroders Head of Strategic Research Duncan Lamont and Nelsons Chairman and Creative Scotland Chair Robert Wilson for a spe

  29. Markets Wrap: Predictions Meet AI Skepticism

    Hosts Merryn Somerset Webb and John Stepek discuss the latest Nvidia news in which the company predicted its sales could rise by around 70% in the next fiscal year, beating analysts' expectations. Despite the positive outlook, Nvidia's shar

  30. What Happens When Quantum Computing Actually Works?

    Merryn Somerset Webb talks to Daniel Doll-Steinberg, Co-Founder & Partner at EdenBase, an investment firm that invests in quantum computing, about why the next great technological leap may arrive sooner than investors expect. They explore h

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