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Artwork for Risk and Return

Risk and Return with Charlie Gasparino and Bob Sloan

S3 Partners
Iran
New York City
NVIDIA
Bitcoin
Spacex
Artificial Intelligence
Tariffs
Netflix
Warner Bros. Discovery
Zohran Mamdani
Tesla
Microstrategy
S3 Partners
Oracle
Battleground Stocks
Donald Trump
Cannabis Industry
Coreweave
Financial Regulation
Mag-7

Charlie Gasparino and S3 Partners Founder Bob Sloan break down the biggest business headlines and actionable insights that give listeners an inside edge on the markets.

PublishesWeeklyEpisodes63Foundeda year ago
Number of ListenersCategories
InvestingBusiness

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Artwork for Risk and Return

Latest Episodes

SpaceX broke to new lows this week and the shorts aren't going anywhere before Thursday's pre-IPO lockup expiry. S3's data told the story before the tape did: the highest short interest as a percentage of float in the Magnificent 8, and roughly $9 bi... more

The Fed held rates steady — and markets resumed the sell-off. The warning was already in the positioning data: Korea's single-stock ETF blowup and a crossing Korea–Hong Kong spread foreshadowed the move before it reached U.S. shores.

Charlie Gaspari... more

Microsoft is down 19% on the year while Alphabet is up 11% and Amazon is up 7% — big CapEx bets, different outcomes. Bob Sloan takes Charlie Gasparino through what S3's data shows underneath it: short interest up 68% to a ten-year high, and active he... more

Media analyst Rich Greenfield joins Charlie Gasparino and Bob Sloan to break down California's lawsuit challenging the Paramount-Skydance merger and why timing—not necessarily the legal merits—could determine the deal's future. Charlie and Rich discu... more

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Recent Guests

Rich Greenfield
Media and technology analyst, founder of LightShed Partners
LightShed Partners
Episode: Positioning Turns Bearish: Oracle, CoreWeave PLUS Rich Greenfield on the Paramount Battle
Sam Pierson
Assistant on the research team at S3 Partners, provides data-driven insights
S3 Partners
Episode: Semi Shorts Hold the Line, Wendy's Heats Up & Warsh's "Triple Mandate"
Changpeng Zhao
Founder and CEO of Binance
Binance
Episode: CZ Speaks: Bitcoin's Future, Jail & SBF — Plus S&P 7,000 & the Iran Trade
Jack Devine
Former CIA officer; currently with the Arkin Group
Arkin Group / CIA veteran
Episode: The New Middle East: Iran, Intelligence, and the Art of the Deal
Bob Sloan
Founder of S3 Partners
S3 Partners
Episode: Geopolitical Turmoil & The Coreweave Canary
Matthew Unterman
Right-hand team member at S3 Partners, data expert
S3 Partners
Episode: $50 Billion Short: NVDA Earnings, HIMS Under Fire, & Snacks Are Getting Shorted
Sam Pearson
S3 advisor filling in for Bob Sloan
S3 Partners
Episode: Charlie Breaks Down WBD, Crypto Meltdown & Battleground Stocks
Niall Ferguson
British historian and public intellectual
CBS (as referenced in the episode)
Episode: The Global Tech Bull Market Hedging and Pushback
David Ellison
Independent movie producer
Paramount Skydance (via Ellison family)
Episode: Year-end Review, Bob's Stock Picks, Charlie on Why $PSKY Won't Budge on $WBD Bid Anytime Soon

Hosts

Charlie Gasparino
Host of Risk and Return, frequently discussed as a Fox Business figure and media commentator with a focus on markets and deal chatter.
Bob Sloan
Founder and CEO of S3 Partners; co-host known for data-driven market analysis and short-interest insights.

Reviews

3.4 out of 5 stars from 14 ratings
  • Enjoy the banter

    But when they changed the logo it now looks like a Palestinian flag.

    What’s up w that ?

    Apple Podcasts
    3
    Chickenandwaffles09
    United States8 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Consistent coverage of short-interest and market dynamics is valuable for sponsors and guests alike.
Insightful, data-driven market analysis that links headlines to positioning data.
Can be dense; requires focus to track data-driven conclusions.
Sharp, entertaining banter with practical takeaways for traders.
Strong guest expertise adds depth to crypto, media, and equity discussions.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#42
Brazil/Business/Investing
Apple Podcasts
#175
Brazil/Business

Talking Points

Recent interactions between the hosts and their guests.

What Trump Means for Emerging Markets with Robert Koenigsberger
Q: What is the core opportunity Koenigsberger sees in emerging markets today?
Koenigsberger emphasizes high conviction, yield-focused EM fixed income with strong collateral and private credit structures, arguing that selective, edge-driven approaches outperform passive indices in EM due to idiosyncratic risk and regime dynamics.
Is China Now More Trusted Than America?
Q: Gillian, where do you see the biggest risks for the U.S. economy given policy moves and global debt pressures?
Gillian argues that the biggest risks revolve around the balance between monetary policy independence and financial regulation, the potential for financial repression to manage debt, and how trust in government balance sheets can erode if banks face ongoing stress without robust fiscal support.
Ken Tropin: Are Investors Getting Used to Trump?
Q: What's your take on crypto's role in portfolios—do you see a comparable shift to the Yale endowment era for crypto assets?
Ken indicates growing belief that the crypto ecosystem could achieve a shift akin to the endowment model, driven by robust infrastructure and long-term strategic value beyond price movements.
Ken Tropin: Are Investors Getting Used to Trump?
Q: Do you think the market has fully priced in tariff implications, and how might that influence central bank policy moving forward?
He suggests policy views are split within the Fed, with some members fearing tariffs will slow growth and push for earlier rate cuts, while others worry tariffs could be inflationary, indicating a careful, data-dependent approach to policy moves.
Ken Tropin: Are Investors Getting Used to Trump?
Q: Ken, what's your current focus within the macro space and where do you see the best opportunities right now?
Ken emphasizes a diversified approach across discretionary and quantitative trading, with attention to duration, term premium, and global yield curves, while acknowledging elevated valuations and geopolitical risks that require uncorrelated alpha sources.

Audience Metrics

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Frequently Asked Questions About Risk and Return

What is Risk and Return about and what kind of topics does it cover?

This show targets listeners who want sharp, data-driven takes on markets, finance, and corporate strategy, delivered with fast-paced banter and practical trading implications. Episodes blend data from research platforms with insider-style commentary on stocks, crypto, media deals, and macro themes, often featuring prominent industry figures. A standout throughline is the reliance on positioning and short-interest data to frame market moves, plus candid takes on media, regulation, and technology that attract finance professionals, traders, and business decision-makers seeking actionable insights.

Noteworthy for its data-forward lens and no-nonsense tone, the show often centers on S3 Partners' analytics, high-profile market narratives, and r... more

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These podcasts share a similar audience with Risk and Return:

1. RiskReversal Pod
2. Masters in Business
3. The Master Investor Podcast with Wilfred Frost
4. The Real Eisman Playbook
5. Invest Like the Best with Patrick O'Shaughnessy

How many episodes of Risk and Return are there?

Risk and Return launched a year ago and published 63 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Risk and Return?

Recent guests on Risk and Return include:

1. Rich Greenfield
2. Sam Pierson
3. Changpeng Zhao
4. Jack Devine
5. Bob Sloan
6. Matthew Unterman
7. Sam Pearson
8. Niall Ferguson

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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