Pivot Holiday Spending Surge, Fed Chair Future, and Melania's Production Company
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Dec 2, 2025 Kara and Scott explore record holiday spending trends and the impact of inflation on consumer habits. They dive into speculation surrounding the next Fed Chair nominees and the scrutiny facing David Sacks regarding potential conflicts of interest. Melania Trump makes waves with her new production company, raising questions about her public image and suitability for the role. The hosts also discuss the role of AI in retail and its influence on the upcoming shopping season.
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Thanksgiving With British Boarding School Guests
- Scott described hosting his son's British boarding-school friends at Thanksgiving to show his son's promising peer group.
- He joked about their behavior while praising their character and prospects.
Top 10% Spending Makes The Economy Fragile
- Wealthy household spending drives fragile economic cycles tied to stock performance.
- If top 10% cut discretionary spend, broad consumer demand could collapse quickly.
AI Is Already Shaping Holiday Retail
- AI tools began driving measurable retail traffic and sales growth during Black Friday.
- AI-driven store traffic rose ~800% and online sales grew faster than in-store sales.
