The Daily

The Daily

This is what the news should sound like. The biggest stories of our time, told by the best journalists in the world. Hosted by Michael Barbaro, Rachel Abrams and Natalie Kitroeff. Twenty minutes a day, six days a week, ready by 6 a.m. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher.
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Episode's summary

Host Rachel Abrams and economics correspondent Ben Castleman discuss the recent turbulence in the bond market, explaining the mechanics of bonds as IOUs and how rising inflation and economic growth are driving up Treasury yields. The episode also explores the fiscal concerns regarding the U.S. government's growing deficit and debt, examining how investor nervousness about fiscal sustainability may be signaling a permanent shift away from the low-interest era.

Chapters

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Highlights

But in many ways, it is more important than the stock market. It's arguably the most important market on earth.

00:02:07 · The correspondent emphasizes the critical importance of the bond market to the global financial system.

The simplest to understand, I think, is inflation.

00:08:31 · The correspondent identifies inflation as the primary driver behind the recent increase in bond yields.

We're paying a trillion dollars a year in interest on the debt. That's more than we spend on defense.

00:16:11 · The speaker highlights the massive scale of interest payments relative to other federal spending categories.

And the risk becomes that you get this ratchet effect where all of a sudden interest rates go up and up and up and interest payments go up and up and up and they're pushing each other higher.

00:18:22 · This explains the potential feedback loop between rising interest rates and increasing national debt.

In some ways, what it may well be is that interest rates are actually getting back to normal on some level, that really what has been abnormal has been these 20 years of really low interest rates.

00:25:02 · The speaker suggests that the recent era of extremely low interest rates might have been a historical anomaly rather than the new standard.

Episodes

3248-

The Bond Market Is Flipping Out. Here’s Why You Should Care.

Host Rachel Abrams and economics correspondent Ben Castleman discuss the recent turbulence in the bond market, explaining the mechanics of bonds as IOUs and how rising inflation and economic growth are driving up Treasury yields. The episode also explores the fiscal concerns regarding the U.S. government's growing deficit and debt, examining how investor nervousness about fiscal sustainability may be signaling a permanent shift away from the low-interest era.

15 Sep 2026
3247-

The A.I. Researcher Whose Rebellion Is Changing Everything

Former Anthropic researcher Jacob Coxon discusses his experiences at OpenAI and Anthropic, detailing the rapid advancement of AI capabilities and the culture of transparency regarding existential risks. He describes how the accelerating pace of technology has consistently exceeded human expectations. The conversation explores the decision to leave the industry due to concerns about autonomous AI potentially manipulating infrastructure or pursuing unaligned goals. The episode concludes with a discussion on distinguishing existential threats from socio-economic concerns, alongside news updates regarding political statements on AI and global competition.

14 Sep 2026
3246-

The Good, the Bad and the Good-Bad (Movie)

Rachel Abrams and Maya Salam explore the concept of 'good-bad' movies—films that are technically flawed or absurd yet remain highly watchable and nostalgic. The discussion delves into how these films provide low-stakes debate and emotional impact in a fragmented pop culture landscape. The hosts transition from discussing the campy nature of Grease 2 and the aesthetic-driven cyberpunk world of Hackers to analyzing how time can transform criticized films into cult classics. They conclude by recommending Face Off as a quintessential example of the genre's wild, unhinged storytelling.

13 Sep 2026
3245-

Naomi Klein and Astra Taylor Say the End of the World is Now on the Table

In this interview, David Marchese speaks with Naomi Klein and Astra Taylor about their book, 'End Times Fascism and the Fight for the Living World.' The authors discuss how a coalition of tech billionaires, religious extremists, and ethno-nationalists are increasingly embracing an apocalyptic worldview that accepts planetary collapse as long as they can survive it. The discussion explores the rise of 'end times' rhetoric and its connection to political movements, examining how extreme ideologies move from the margins to the center of power. The speakers also address the environmental impacts of data centers and the necessity of maintaining a belief in a shared, inclusive future.

12 Sep 2026
3244-

The Lives That 9/11 Keeps Taking

In this episode of The Daily, host Michael Barbaro interviews 9/11 survivor Dana Nelson about her long-term health struggles and the recent release of documents revealing that officials provided false assurances regarding air safety. Newly discovered city records show that officials had access to reports indicating elevated levels of asbestos and carcinogens near Ground Zero, despite public claims that the air was safe. The discussion explores the political motivations for maintaining a sense of normalcy and the potential legal implications for the city. The episode also covers the launch of a new portal for individuals to check for exposure and apply for the Victims' Compensation Fund, while reflecting on the profound personal and psychological toll the lack of transparency has taken on survivors.

11 Sep 2026