Do the U.S. and China Have a Deal? + May Inflation Data & Tesla Delays Its Robotaxi Again
Ed breaks down the new U.S.-China trade deal framework, explains what the May CPI report signals about the economy, and unpacks why Tesla is once again pushing back its robotaxi launch.
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26:49
World Bank Cuts U.S. Growth Outlook, Meta Invests in Scale AI, & Smucker’s Stock Tanks
Ed takes a look at new World Bank data projecting that U.S. economic growth will be cut in half this year, breaks down what went wrong with JM Smucker’s earnings, and unpacks the deal structure behind Meta’s investment in Scale AI.
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26:55
Warner Bros. Discovery Splits In Two, Apple’s WWDC Flops, & Tesla Gets Downgraded
Ed takes a look at Warner Bros Discovery’s move to split into two companies, breaks down the highlights from the opening day of Apple’s Worldwide Developers Conference, and unpacks why two analysts decided to downgrade Tesla’s stock.
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31:00
Trump & Elon Break Up Over the Tax Bill
Scott and Ed break down Reddit’s lawsuit against Anthropic, the controversy surrounding the new $TRUMP-branded crypto wallet, and why Warner Bros. Discovery shareholders rejected CEO David Zaslav’s pay package. Then, they unpack the growing opposition to the GOP Tax Bill and debate the potential motivations for Elon Musk’s criticism of the bill. Scott shares his thoughts on how critics of the bill can mount a more effective response. Finally, they examine why venture capital is pulling back from seed-stage investments, and Ed reflects on the growing challenges facing young investors and entrepreneurs.
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1:11:12
Why the TACO Trade Matters — ft. Robert Armstrong
Scott and Ed discuss Trump’s move to double tariffs on steel and aluminum, the administration’s decision to enlist Palantir to streamline federal data sharing, and Meta’s plan to launch AI-powered ad creation tools. Then, Robert Armstrong, U.S. financial commentator for the Financial Times, returns to the show to share how he coined the term “TACO trade,” what he makes of its viral moment, and the potential ripple effects it could have. He also highlights an overlooked element of the “big beautiful bill” and discusses whether we can grow our way out of the deficit.
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Prof G Markets breaks down the news that’s moving the capital markets, helping you build financial literacy and security. Join Scott Galloway and Ed Elson every weekday for no mercy, no malice insight on high flying stocks, booming sectors, and master of the universe CEOs. Like it or not, we live in a capitalist society. The key to navigating it? Talk about money. New episodes every Monday through Friday. Part of the Vox Media Podcast Network.
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