Chancellor Olaf Scholz discusses the alarming electoral success of far-right parties in Germany, analyzing the implications for his ruling coalition. Former French Premier Bernard Cazeneuve provides insights into the political turbulence brewing in Europe, highlighting Emmanuel Macron's future decisions amidst growing extremism. The episode also dives into Israel's nationwide strike aimed at pushing the government toward a Gaza cease-fire, while touching on the economic challenges posed by piling inventories in China. Lastly, a $135 million bet on the America's Cup showcases the allure of high-stakes sailing.