At SXSW, Ed and Scott tackle pressing topics like Apple's delay on AI updates and Sony's battle with deepfakes. They unpack why major banks are sounding alarms about a possible recession, linking it to stock market woes. A deep dive into tariffs reveals how they’re driving up housing costs, raising questions about the notion of homeownership as a wealth-building strategy. The conversation wraps up with audience questions, emphasizing the evolving challenges young buyers face in today’s volatile market.

The discussion kicks off with a look at Disney's layoffs and Walgreens going private. The hosts analyze BlackRock's strategic ports acquisition near the Panama Canal, predicting big returns. They delve into Apple's latest product launches, raising concerns about the company's innovation and stock performance. One host shares his decision to sell Apple shares, while the other offers forecasts on the tech giant's future. It's an engaging mix of market insights and investment strategies that keep listeners on their toes.

Jonathan Kanter, former Assistant Attorney General for the Antitrust Division, shares his insights on the future of antitrust enforcement. He emphasizes the critical need for regulators to prioritize healthcare to prevent monopolistic practices. Kanter discusses the ongoing Google antitrust lawsuit and the challenges posed by tech monopolies, particularly in the AI sector. Additionally, he reveals how lobbyists influence antitrust cases, underlining the importance of tough scrutiny in industries heavily impacted by consolidation.

Scott and Ed dive into Tesla's market cap decline and Berkshire Hathaway’s hefty tax bill. They unpack why Nvidia's impressive earnings didn't impress investors, with Ed highlighting the silver lining. The conversation turns to Trump's controversial gold card program, where they question its appeal and potential pitfalls. Expect a blend of sharp market insights and humorous anecdotes that keep the discussion lively!

Mike Moffatt, Founding Director of the University of Ottawa's Missing Middle Initiative and former advisor to Justin Trudeau, offers a deep dive into Canada's economic challenges. He discusses the severe implications of U.S. tariffs on Canadian trade, housing crises, and the struggles of small businesses. Moffatt also shares insights on how political narratives influence public perceptions of economic policy, and he critiques the disparities within Canadian society, linking them to broader issues like manufacturing dependencies and immigration policies.

Josh Brown, Co-founder and CEO of Ritholtz Wealth Management, shares insights on the potential breakup of Intel and its leadership challenges. He emphasizes the need for visionary leadership in the tech industry. The conversation also tackles the recent surge in gold prices amid geopolitical tensions, with a critical look at whether gold is a smart investment compared to stocks. Josh highlights the risks of companies adopting Bitcoin strategies and the implications for the housing market.

Kyla Scanlon, author of "In This Economy? How Money and Markets Really Work," shares her insights on today’s chaotic economy, especially for Gen Z. She discusses ‘faffonomics’—the unpredictable outcomes of chaotic economic strategies that erode trust. Kyla highlights the challenges young people face in the job market, emphasizing the need for adaptability. She also examines how Gen Z interacts with technology, media, and financial uncertainty, providing practical advice for navigating their tumultuous economic landscape.

The latest inflation report reveals rising tuition at private schools. Reddit showcases impressive earnings and untapped growth potential. Netflix is eyeing the podcasting realm, debating how high-quality video can elevate the experience. Discussions unfold around innovative market strategies and the evolving landscape of user expectations in content creation. There's a compelling exploration of how tech giants are reshaping their priorities while audiences crave genuine storytelling. Tune in for insights on these intriguing topics!

Alice Han, a China economist and director at Greenmantle, shares her insights on the impact of Trump's tariffs on China. She discusses how weak consumer demand is leading to domestic price drops. Han also examines the significance of the 'Sputnik moment' of DeepSeek for China’s AI race. Furthermore, she offers her perspective on Elon Musk's complex relationship with China and warns of an incoming period of geopolitical instability, highlighting the challenges faced in U.S.-China trade dynamics.

The hosts dive into the latest earnings from Disney, Novo Nordisk, and Uber, revealing key market trends. Spotify's transformation into profitability is analyzed, alongside a poignant Grammy speech by Chappell Roan that critiques the music industry. They ponder the impact of Spotify's model on artists' earnings. Shifting gears, Google's troubling earnings report sparks a discussion on its competitive standing against newcomers like ChatGPT and the challenges facing its cloud services. The conversation balances humor with insightful analysis.