It’s a big week for bank earnings. JPMorgan, Wells Fargo, and Citigroup reported quarterly results on Tuesday; Bank of America and Morgan Stanley report on Wednesday. Overall, banks are pulling in plenty of revenue — especially from their investment banking and trading departments. But the old-fashioned business of lending out money has been more of a mixed bag. We'll unpack. Also on the show: a major cryptocurrency scam and the economics of Broadway contract negotiations.
WSJ Tech News Briefing - TNB Tech Minute: Poolside, CoreWeave Partner Up for Giant AI Data Center
Plus: BlackRock’s AI consortium acquires Aligned Data Centers in a $40 billion deal. And driverless taxis head to London. Zoe Kuhlkin hosts.
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Newshour - Anger in Israel as pressure mounts on Hamas to return hostage bodies
Israel's military says one of the four bodies returned by Hamas on Tuesday is not that of a former hostage. It said Hamas had to make all efforts to return the remains of those taken on October seventh. The process has been impacted by the devastation in Gaza, with some bodies believed to be under rubble. Palestinians in Gaza are reported to be stockpiling food, amid anxiety that the ceasefire between Israel and Hamas will unravel -- and the flow of aid will stop.
Also in the programme: Kenya has declared a week of national mourning for the former prime minister Raila Odinga, who's died at the age of 80; a sumo tournament is taking place outside Japan for the first time in 34 years; and the leader of one of China's biggest underground churches, Jin Mingri, has been detained, his daughter gives us the latest.
(Photo: Red Cross vehicles transport the bodies of deceased hostages who had been held in Gaza. Credit: Reuters)
Planet Money - The year NYC went broke
In 1975, New York City ran out of money. For a decade it had managed to pay for its hundreds of thousands of city employees and robust social services by taking on billions of dollars in debt. But eventually investors were no longer willing to lend the city any more money. New York teetered on the edge of bankruptcy — the city shuttered more than a dozen firehouses, teachers went on strike and garbage piled up in the streets.
Rescuing the city required the cooperation of the state of New York, the banks, the city workers unions, giant property owners and … the White House. But President Gerald Ford was adamantly opposed to bailing out NYC, prompting the famous New York Daily News headline — “Ford to City: Drop Dead.”
On today’s show, the story of a group of private citizens who were deputized by the state of New York to try to save the city’s finances. Led by investment banker Felix Rohatyn, the group had to put together a grand bargain that everyone would be willing to agree to, and to come up with the billions of dollars the city needed to survive.
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Today’s episode of Planet Money was hosted by Keith Romer and Nick Fountain. It was produced by James Sneed with help from Sam Yellowhorse Kesler and Julia Ritchey. It was edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Debbie Daughtry and Cena Loffredo. Our executive producer is Alex Goldmark.
Special Thanks: Denis Coleman, David Schleicher, Liall Clarke, Kevin Hennigan and everyone at Classical King FM in Seattle.
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Rescuing the city required the cooperation of the state of New York, the banks, the city workers unions, giant property owners and … the White House. But President Gerald Ford was adamantly opposed to bailing out NYC, prompting the famous New York Daily News headline — “Ford to City: Drop Dead.”
On today’s show, the story of a group of private citizens who were deputized by the state of New York to try to save the city’s finances. Led by investment banker Felix Rohatyn, the group had to put together a grand bargain that everyone would be willing to agree to, and to come up with the billions of dollars the city needed to survive.
Pre-order the Planet Money book and get a free gift / Subscribe to Planet Money+
Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Facebook / Instagram / TikTok / Our weekly Newsletter.
Today’s episode of Planet Money was hosted by Keith Romer and Nick Fountain. It was produced by James Sneed with help from Sam Yellowhorse Kesler and Julia Ritchey. It was edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Debbie Daughtry and Cena Loffredo. Our executive producer is Alex Goldmark.
Special Thanks: Denis Coleman, David Schleicher, Liall Clarke, Kevin Hennigan and everyone at Classical King FM in Seattle.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
Time To Say Goodbye - A New Novel about the Space Race, Drugs, and Cults with Joshua Wheeler
On today’s episode, Tyler talks to Joshua Wheeler about his brilliant debut novel, The High Heaven. Focusing on a UFO cult survivor who is obsessed with NASA, the novel spans her entire life and decades of American history. Josh talks about his literary influences, how his working class upbringing in New Mexico shaped his work, and the state of contemporary fiction. Tyler also asks Josh about his obsession with Smokey Bear and his sprawling collection of Smokey memorabilia.
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit goodbye.substack.com/subscribe
Marketplace All-in-One - Food tour of the future
Climate change is changing what we eat. As the planet heats up, foods like salmon, chocolate and coffee might be harder to come by and more expensive to buy. In this episode, the “How We Survive” team goes on a food tour around Northern California to find out how tech entrepreneurs are finding new ways to make all sorts of foods that are under threat from the impacts of the climate crisis.
Song Exploder - A-ha – Take On Me
"Take On Me" by A-ha is an iconic hit of the 1980s. It came out in October 1985 with an equally iconic music video that helped define the age of MTV. It hit #1 in the US and in countries all over the world. And it's still massively popular today. It currently has over two and a half billion streams on Spotify. So, with all of that, it's easy to imagine that this was all inevitable. But actually, the song took so many steps and missteps before it became the hit that everybody knows. I talked to Paul Waaktaar-Savoy from A-ha, who wrote the original bones of the song back when he was a teenager in Norway, years before it came out. The song actually came out and flopped TWICE in the UK, before it found a foothold in the US. So for this episode, Paul took me through the whole history of the song, and all the different versions that existed. And he told me how he and his bandmates, Magne Furuholmen and Morten Harket, pushed and pushed and persevered. "Take On Me" was their first single as a band, and it made them the most successful Norwegian pop group of all time.
For more info, visit songexploder.net/a-ha.
Native America Calling - Wednesday, October 15, 2025 – The road project that could open up a great expanse of pristine Alaska
The Trump administration just gave the final approval for a new 211-mile road that punches across the Brooks Mountain Range and the expansive wilderness that surrounds it. Ambler Road promises to clear the way for several mining operations, providing minerals like copper, cobalt and gold that President Trump says is needed to “win the AI arms race against China.” But at least 40 Alaska Native tribes have officially lined up against the controversial project citing subsistence hunting habitat among other concerns. We’ll hear about that – and get an update on struggles over tribal control over hunting permits in Oklahoma.
GUESTS
April Monroe (Evansville Village). lands manager for Tanana Chiefs Conference
Miles Cleveland Sr. (Iñupiaq), Northwest Arctic Borough Assembly Member
Robert Gifford (Cherokee Nation), Native American Law attorney and tribal court judge
Gary Batton (Choctaw Nation), Chief of the Choctaw Nation of Oklahoma
Emily Schwing, investigative reporter in Alaska
Break 1 Music: Humma [Feat. Kendra Tagoona & Tracy Sarazin] (song) Sultans of String (artist)
Break 2 Music: Reservation of Education (song) XIT (artist) Silent Warrior (album)
CoinDesk Podcast Network - BITCOIN SEASON 2: Strategy’s Path To $10 Trillion
Pio Vincenco says MicroStrategy could hit $10T, Bitcoin miners are repositioning for AI, and explains why the four-year cycle is dead. Plus: why selling Bitcoin now is a massive mistake and crypto Twitter must always lose.
Pio Vincenzo joins us to talk about why MicroStrategy could become a $10 trillion company, how Bitcoin miners like Riot and Cipher are pivoting to AI infrastructure, and why the traditional four-year Bitcoin cycle is officially dead. Pierre breaks down the Bitcoin treasury company trend, explains why time is on Bitcoin's side, and shares his controversial take on why crypto Twitter must always lose.
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Notes:
• MicroStrategy owns 600K+ Bitcoin, no corp will catch up
• Money printing at $100-175B monthly, historically high
• 40% of money supply printed during Covid period
• Bitcoin miners repositioning for AI hyperscaler deals
• Bitcoin ETFs launched during Biden presidency
Timestamps:
00:00 Start
01:41 New wave of crypto content creators?
03:55 Bitcoin not crypto trend
05:45 Trump "insider" rumors
09:47 MSTR bull case
15:06 One DAT to Rule Them All?
18:46 BTC miners, WTF?
22:30 IREN & Cypher
27:42 Prediction markets
30:34 4 years cycle go bye bye?
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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!
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Marketplace All-in-One - A conversation with Nobel laureate Joel Mokyr
Joel Mokyr is a professor at Northwestern University, who — along with Philippe Aghion and Peter Howitt — won the Nobel prize in economics earlier this week. Today, Mokyr joins the program to discuss how major technological changes can boost economic growth — that is, if politics and institutions can adapt quickly enough. Plus, why the bankruptcies of First Brands and Tricolor Holdings are raising questions about private credit markets and big banks’ exposure to them.