The Journal.

Damian Paletta, Washington coverage chief for The Wall Street Journal, dives into the tumultuous financial landscape under Trump's administration. He discusses the implications of a federal spending freeze potentially affecting trillions in assistance. Paletta also highlights the political fallout from the controversial dismissal of inspectors general and examines the chaotic aftermath of the deadly plane crash in D.C. Moreover, he addresses Trump's confrontational style and its effects on governance and public opinion.

Rebecca Ballhaus, a WSJ reporter, dives into the surprising $25 million settlement between Meta and Donald Trump following the fallout from the January 6 riot. She reveals how this legal action stems from Trump's accusations of censorship. The conversation touches on the complex dynamics of tech companies and politics, including a behind-the-scenes look at a pivotal dinner between Trump and Zuckerberg. Ballhaus also discusses the broader implications for corporate-public relations in today's charged political climate.

Stu Woo, a technology reporter for the Wall Street Journal with a focus on AI and Chinese tech, joins to discuss DeepSeek's groundbreaking AI model that shook Wall Street. They delve into how this innovation turned traditional AI wisdom upside down, leading to a staggering $1 trillion decline in the stock market. Woo also explores the implications of U.S. export restrictions on AI chips to China and the ensuing uncertainty in AI investments, challenging giants like NVIDIA, and what the future holds for the sector.

A groundbreaking joint venture, Stargate, aims to invest $500 billion in AI infrastructure, raising eyebrows with Microsoft’s absence. The historical alliance between OpenAI and Microsoft is unraveling, revealing tensions over resources and competing goals. As tech leaders navigate this shifting landscape, the rivalry intensifies, with Elon Musk voicing his skepticism about the new initiative. This turmoil marks a dramatic evolution in corporate relationships within the AI sector.

The podcast dives into the fallout from Trump’s efforts to dismantle DEI programs in federal and corporate sectors. It explores the evolving landscape of diversity, equity, and inclusion initiatives and their significance for underrepresented groups. The debate around merit versus equity in DEI is dissected, highlighting historical context and recent societal changes. Skepticism around these initiatives surfaces, as companies navigate the challenges posed by political shifts. Responses from major corporations, including Costco, illustrate the uncertainty affecting their commitment to inclusion.

Ray Blanchett, the former CEO of TGI Fridays, shares his insights on the iconic chain’s challenges and his revival plans. He discusses the sharp decline that led to bankruptcy, linking it to shifting consumer preferences and intense competition. Blanchett reflects on the restaurant's vibrant history and crucial moments that shaped its identity. He also emphasizes the need for innovation in casual dining to appeal to younger audiences while maintaining a focus on quality and culture. Tune in for a compelling look at the future of this beloved brand!

Sadie Gurman, a Wall Street Journal reporter specializing in the Justice Department, shares her insights on the significant changes ushered in by the new administration. The conversation delves into President Trump's rapid executive actions, underlining their potential impact on American policy. There's a detailed analysis of immigration and economic strategies, alongside discussions about reforming the Justice Department and addressing perceived biases. The episode also explores the delicate dynamics of clemency related to January 6th participants, shedding light on Trump's evolving governance style.

Vicky Ge Huang, a WSJ reporter specializing in cryptocurrency, breaks down President Trump's bold entry into the crypto world with his new meme coin. She discusses the extravagant Crypto Ball that showcased Trump’s tight-knit relationship with the crypto community. Huang dives into the disruptive implications of meme coins, tracing their roots from Dogecoin, and explores the skepticism surrounding Trump's launch amidst controversies. The conversation highlights the speculative nature of these digital currencies and their intersection with politics.

Michelle Hackman, a WSJ reporter specializing in immigration during the Trump administration, dives into the sweeping changes to U.S. immigration policy after Trump took office. She details the aggressive executive orders aimed at both legal and illegal immigration. The appointment of a new 'border czar,' Tom Homan, brings focus on a stringent enforcement approach, including controversial strategies like family separation and mass deportations. Hackman also contrasts these methods with the subsequent Biden administration's policies.

Georgia Wells, a WSJ reporter who has been covering the TikTok saga, dives into the incredible twists of TikTok's journey in the U.S. She discusses Trump's flip from banning the app to saving it, and the geopolitical tensions with China that complicate its fate. Wells also highlights user reactions during a temporary TikTok blackout and explores the ongoing battle over data privacy and national security concerns. The intricacies of political maneuvering and how they shape TikTok's future are also examined, setting the stage for what comes next.