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Wall Street Week | Rattner on Manufacturing, US Public Buses, Milan’s Boom, AI & The Future of Work

Bloomberg Television | May 6, 2026



This week, Steve Rattner assesses whether tariffs and trade policy are truly reviving US manufacturing and what it would take to deliver sustained economic growth. And, the US needs more buses — but are we buying them the wrong way? Plus, Milan’s hosting of the Winter Olympics comes as a wave of high net-worth individuals move to the Italian city. Later, is the real battle in the AI era between humans and machines or humankind itself?

Chapters:
00:00:00 – Steve Rattner on manufacturing
00:11:52 – US bus problem
00:23:48 – Milan’s boom
00:35:30 – AI & the future of work
——–
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Written by Bloomberg Television

Comments

This post currently has 47 comments.

  1. @atanacioluna292

    May 6, 2026 at 3:52 pm

    Mass transit in the US a scam, that's why buses, and trains, are usually empty.
    Idealization is divorced from practicality and service. I was kicked out of California's institute of transportation studies because I wanted to say this.
    The industry needs to be criticized honestly.
    More importantly, urbanization need to be redesigned from the bottom up for mass transit to work.

  2. @atanacioluna292

    May 6, 2026 at 3:52 pm

    Trump's impressive showmanship is equal to his cultivated ignorance and so is the cabinet he selects. His and their incompetance is stellar, like the world has never seen before.

  3. @Peterzcalka

    May 6, 2026 at 3:52 pm

    looking at real world without Trump we would have RuSSia from Vladivostok to Marokko. Economy is a result of politics and politic is about power so lets support greatest president ever Trump is the best

  4. @SergeantPee

    May 6, 2026 at 3:52 pm

    AI is going to be a tremendous asset for entrepreneurs. It will unleash human productivity and creativity. Government will be the monkey wrench in the works.

  5. @janedelisle8595

    May 6, 2026 at 3:52 pm

    I'm old enough to remember the hysteria over robots being installed on assembly lines and replacing assembly workers. Yes, jobs were lost, but many manufacturing jobs remained intact because many tasks simply can't be duplicated by expensive robotic equipment (particularly for small businesses), and the economy adjusted. AI might have a huge impact on intellectual "expertise" and access, but everybody lives in a physical reality – AI can't harvest food like apples, provide physical caregiving, mow lawns, shovel snow. I'll start to worry when AI can change a diaper, flush my toilet or make my bed. Right now, I'm more upset with how AI speculation is messing with the stock market, possibly building a gigantic bubble that, when it bursts, may cause a recession.

  6. @LawrenceFeldman-r9s

    May 6, 2026 at 3:52 pm

    I can see the damage now . When I talk to young people I am 68.
    I hear them very much considering the future of AI. Where the outcome is less jobs . I also hear that they are not considering marriage or children. Why I can't blame them for the situation is that of too much unknown for the future job portal. They say that they can't afford a home or rental. Still living at home if lucky to have parents to advocate that opportunity. So what will AI be to all of us in the future world. I think it's going to be unhealthy for mental health. 😢

  7. @lib1007

    May 6, 2026 at 3:52 pm

    I hope Trump and future US presidents keep the import tariffs intact. That is only way the we can protect the existing jobs and have some control on supply chain. I understand the old man's (Steven Rattner) point view, but it's a failed policy. Import tariffs are the only hope we have.

  8. @cortlandjdmayberryshraderm9619

    May 6, 2026 at 3:52 pm

    Well, there is one factory I know of that's being built. That's true. You're so huge, it'll take a couple of years. It's by lego near richmond, virginia, it's so huge that I bet it's gonna produce enough lego for the whole nation

  9. @RexHavoc

    May 6, 2026 at 3:52 pm

    …and it's silly for Rattner to say Trump doesn't understand economics because he said we could at 15%. It's typical Trump hyperbole. Anyone who thinks he was serious is delusional

  10. @RexHavoc

    May 6, 2026 at 3:52 pm

    The Rattner interview was terrible. Contrary to what you said, he does not know manufacturing…he's a WS bean-counter. His comment that EV sales are down because of Trump's policies is ridiculous. Poor EV sales are due to lack of demand NOT because of policy. In fact, the large writedowns are a function of the jawboning of Biden and the virtue signaling of auto companies to irrationally switch from gas autos. Range anxiety and cost are massive barriers. Expect more from a smart guy like Rattner.

  11. @Phamyunx

    May 6, 2026 at 3:52 pm

    No matter how cheap the product is, if you don’t have jobs, you are nothing. Atypical globalist, incompetent elite who has no idea in the real world. The world is not the ideal place where they think from their perspective. It’s foolish to give up your supply chain sovereignty and security.

  12. @PrinceOfOpinion

    May 6, 2026 at 3:52 pm

    31:15 I wish when they put the name of the people they’re interviewing on screen that they’d be a bit more descriptive with the subtitle occupations. “Former media executive” is so vague. I know I can look him up, but if they’re going to add occupation subtitles anyways, a tiny bit more detail wouldn’t hurt in my opinion.

  13. @MikeMiller-g1b

    May 6, 2026 at 3:52 pm

    There is no fluff to the economics of making products here. You cannot build a plant in a short amount of time. If there is no long term assurance of profits, the facility will not be built. The Trump term is only 4 years or less. Why sink the money into a location or country that no longer supports business? Tariffs are anti business and anti competition toxic stuff for business while also being consumer poison. Very definition of Lose-Lose arrangement.

  14. @ChrisC-dm9tp

    May 6, 2026 at 3:52 pm

    Those are nice points but what if the countries that manufacture decide they want to move up the value chain and challenge US and decide to use their control over supply chains as a weapon oh wait that sounds a lot like china 😂

  15. @KhairulNaeim

    May 6, 2026 at 3:52 pm

    That why ,we have that advantage…x 🥸..I do at first suggested… robot will take over , most job people do not want to do…x 🥸..so it can't say , robot take people jobs..x

  16. @KhairulNaeim

    May 6, 2026 at 3:52 pm

    I tell you this son, our magnet gear box, available only for this two car company..sure other will follow… just they need more time, to get end result from R&D…x

  17. @KhairulNaeim

    May 6, 2026 at 3:52 pm

    I not , so evil about manufacturing car that being set up by our car company players…I do will open up that … magnet gear box…x 🥸..if America like,we talk about deal… similar with boeing..we have something can put value more to this boeing plane..x 🥸

  18. @KhairulNaeim

    May 6, 2026 at 3:52 pm

    They outside, build their car manufacturing only for American market, and some probably exports but mostly inside American x 🥸 because do not forget, American is the most public individual spending in other words, very strong spending..x 🥸 just opinion

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