Rephonic
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Artificial Intelligence
United States
China
Openai
Federal Reserve
Bitcoin
Tariffs
Private Credit
Iran War
India
Oil Markets
US Dollar
K-Shaped Economy
Planet Labs
Planetary Intelligence
Europe
Kalshi
Tokyo, Japan
Gold
Nvidia

How do critical international developments shape economic and financial markets worldwide? Each week, The Spillover examines the ripple effects of global events across policy, geopolitics, economics, finance, and technology. This podcast helps you better understand what’s happening, and why it matters to businesses, global markets, and the world.

PublishesWeeklyEpisodes36Founded8 months ago
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Latest Episodes

This week on The Spillover, hosts Sebastian Mallaby and Rebecca Patterson sit down with author and historian Anne Applebaum to discuss Europe, the ongoing war in Ukraine, and the escalating geopolitical headwinds the region faces.

Hosts:

Sebastian ... more

This week, hosts Sebastian Mallaby and Rebecca Patterson unpack Nvidia’s deal to purchase Hugging Face, the leading platform for open-weight AI models. The acquisition, they argue, highlights a battle between two visions of how the AI industry will d... more

This week, host Rebecca Patterson speaks with Natasha Sarin, law professor and cofounder of the Yale Budget Lab, to unpack Treasury Secretary Scott Bessent’s claim that the United States can grow its way out of record debt, and whether AI can deliver... more

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This week, host Rebecca Patterson sits down with energy and climate expert Vijay Vaitheeswaran to discuss the U.S. government's acquisition of 35 percent equity stake in a Venezuelan oil company and how managing demand and boosting efficiency are cri... more

YouTube

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Recent Guests

Natasha Sarin
President and Co-Founder of the Yale Budget Lab; law professor at Yale
Yale Budget Lab
Episode: Can the U.S. ‘Grow’ Its Way Out of Debt? + Taxing Wealth in the Age of AI
Vijay Vaitheeswaran
Senior Fellow and Director, Energy Security and Climate Change Program at CFR
Council on Foreign Relations
Episode: The U.S. Buys Stake in a Venezuelan Oil Company + Why Efficiency Is the Real Path to Energy Security
Torsten Slok
Chief Economist at Apollo
Apollo Global Management
Episode: Could the AI Debt Problem Create the Next Financial Crisis?
Rebecca Patterson
Expert on AI and economics (guest)
Episode: The Hosts Pick a Global AI Winner + The Advanced Economy Deployment Problem + The Question Even the Experts Can't Answer
Kristian Coates Ulrichsen
Fellow for the Middle East at Rice University's Baker Institute for Public Policy and co-director of the Middle East Energy Roundtable
Rice University/Baker Institute
Episode: How China Is Quietly Winning the Iran War Energy Crisis
Jordan Schneider
Founder of ChinaTalk podcast and newsletter
ChinaTalk
Episode: Jordan Schneider Thinks the Real AI Race Is About Compute, Not Models
Dan Kurtz-Phelan
Host of the Foreign Affairs Interview Podcast
Foreign Affairs
Episode: The AI Trilemma + Open-Weight Proliferation + the “Singularity Delusion”
Rahm Emanuel
Former White House Chief of Staff, Ambassador of Japan, Mayor of Chicago
Former U.S. government official
Episode: Rahm Emanuel Talks Israel, Midterm Elections, and the Democratic Party
John Hillman
Senior Fellow at CFR, tracks government interventions in private equity
Council on Foreign Relations
Episode: Washington Considers a Stake in OpenAI + Altman’s Gambit + America, Inc.

Hosts

Rebecca Patterson
Host of The Spillover; affiliated with the Council on Foreign Relations (CFR); former Bridgewater Associates.
Sebastian Mallaby
Co-host of The Spillover; affiliated with CFR; noted author and commentator on economics and policy.

Reviews

4.9 out of 5 stars from 43 ratings
  • Great content and very engaging format

    Excellent podcast. Highly engaging and informative. Just the right amount of substance; smart but not too wonky. Great chemistry between hosts.

    Apple Podcasts
    5
    TBN4life
    United States6 months ago
  • A new fan!

    Brilliant and fresh take on what’s going on now in the global economy

    Apple Podcasts
    5
    justsomekid
    United States7 months ago
  • Fast Paced & Informative

    Enjoyed the episode on the Supreme Court ending the tariffs. The show flies by and you realize you learned a lot. The host was very likable.

    Apple Podcasts
    5
    PodsforPeoplePayingAttention
    United States7 months ago
  • A whirlwind discussion of the fragile four economies and worldwide implications …

    The goals of this podcast were met without exception and in an entertaining fashion. Looking forward to the next episode!

    Apple Podcasts
    5
    Dr. Eddey
    United States7 months ago

Listeners Say

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

High-caliber guests and credible hosts create thoughtful, credible conversations.
Insightful, data-driven macro analysis that connects policy to markets.
Pacing is fast and informative, with clear host chemistry.
Engaging take on global energy, AI, and finance with actionable takeaways.

Chart Rankings

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

Talking Points

Recent interactions between the hosts and their guests.

Could the AI Debt Problem Create the Next Financial Crisis?
Q: What worries you more, fast AI development or slow AI development for private credit and data-center deals?
Both fast and slow adoption have risks; fast adoption could trigger a productivity-led overheating and higher unemployment, while slow adoption could depress returns on AI investments and slow data-center demand, making underwriting standards the key factor in managing risk.
The AI Trilemma + Open-Weight Proliferation + the “Singularity Delusion”
Q: Is there a viable regulatory framework for AI safety that could be practical and effective?
Yes—an approach analogous to aviation and pharmaceuticals, with a federal authority that conducts mandatory red-teaming and safety checks before frontier models are released, could create clear safety guardrails and accountability without stifling legitimate innovation.
The AI Trilemma + Open-Weight Proliferation + the “Singularity Delusion”
Q: What do you mean by the AI trilemma, and why is it hard to balance these aims?
The trilemma describes the need to stay ahead of competitors, reassure an anxious public, and sustain rapid innovation simultaneously; the difficulty is that improvements in one area often worsen another, and piecemeal policies are unlikely to harmonize these competing demands.
Washington Considers a Stake in OpenAI + Altman’s Gambit + America, Inc.
Q: What are the risks of market distortion and conflicts of interest when the government takes stakes in private companies?
Risks include mispricing of risk, favoritism, and potential misuse of government influence to benefit friends or family; the discussion emphasizes oversight, clear legal frameworks, and potentially a centralized, insulated entity to manage exits and governance.
Washington Considers a Stake in OpenAI + Altman’s Gambit + America, Inc.
Q: What is the rationale behind the OpenAI 5% stake proposal and how might it compare to Intel's government stake?
The OpenAI proposal is framed as aligning the government with a key AI player to secure strategic advantages and potential contracts, while Intel's stake was positioned as a national security and supply chain hedge—yet both raise questions about returns, exits, and taxpayer value.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About The Spillover

What is The Spillover about and what kind of topics does it cover?

This show consistently tackles how major international developments ripple through policy, geopolitics, economics, and markets. Episodes blend timely macro trends with deep dives into energy, AI, finance, and technology, often featuring policy makers, researchers, and industry thinkers. Notable strengths include rigorous analysis from CFR-affiliated voices, high-profile political and economic guests, and a knack for connecting global events to business implications. Listeners are likely strategic decision-makers seeking to understand risk, resilience, and opportunity in complex global systems. Potential sponsors and guests may find it valuable to align with discussions about global finance, policy, and technology leadership, as well as the ... more

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Which podcasts are similar to The Spillover?

These podcasts share a similar audience with The Spillover:

1. The President’s Inbox
2. The Foreign Affairs Interview
3. The Asia Chessboard
4. ChinaTalk
5. Odd Lots

How many episodes of The Spillover are there?

The Spillover launched 8 months ago and published 36 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 The Spillover?

Recent guests on The Spillover include:

1. Natasha Sarin
2. Vijay Vaitheeswaran
3. Torsten Slok
4. Rebecca Patterson
5. Kristian Coates Ulrichsen
6. Jordan Schneider
7. Dan Kurtz-Phelan
8. Rahm Emanuel

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