For decades, the franchise business model has allowed independent operators to license trademarks from businesses like McDonald’s or Dunkin Donuts and changed the way Americans are employed.

Brian Callaci, chief economist of the Open Markets Institute, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss how legal battles fought by franchises eventually opened the door to what’s now known as the gig economy.
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Trump spoke to reporters in the Oval Office saying Oman hasn’t behaved well, “but we’d handle them very easily.” He also touched on possible talks with North Korea, when asked if Kim had replied to entreaties for talks, Trump said “he has” without elaborating. The president called the development “very positive.” The White House did not immediately respond to a request for further details.
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On this episode of the Odd Lots podcast, Fishwife CEO Becca Millstein tells Tracy Alloway and Joe Weisenthal about tinned sardines and what she considers one the biggest problems threatening that supply chain.
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On today’s Big Take podcast, hedge fund reporters Katherine Burton and Hema Parmar join Sarah Holder to break down the rise of 24-year-old ‘Nostradamus of AI’ Leopold Aschenbrenner, the meltdown of his hedge fund Situational Awareness and whether the episode exposes broader hedge fund vulnerabilities.
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Bloomberg Intelligence chief US interest rate strategist Ira Jersey said that part of the reason for the rise in yields for long-term treasuries is that US bonds have to compete with bonds from other countries like Japan. Jersey, who was joined by Bloomberg’s Davide Barbuscia, said that buyers are concerned about the health of developed bond markets and need a higher yield incentive to buy. Barbuscia also said that the competition from corporate bonds is ‘unprecedented’ and that there has been record levels of issuance so far in 2026.

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