The Powers That Be: Daily

Bill Cohan, a prominent financial journalist and author of 'Dry Powder,' joins Peter to explore the turbulent relationship between Donald Trump and Fed Chair Jerome Powell. They dissect Trump's push for rate cuts amidst economic turmoil and the implications of potentially ousting Powell. Cohan also breaks down the rollercoaster journey of Newsmax's IPO, questioning its true value and the impact of Trump's media landscape on investors. This insightful discussion unveils the interplay of politics, monetary policy, and media chaos.

Leigh Ann Caldwell, a journalist focused on Capitol Hill, joins to explore a surprising shift in the Republican Party: the potential for taxing the wealthy. This marks a major change in GOP ideology, especially as Trump’s tax provisions face expiration. They also discuss Elon Musk's declining influence within MAGA circles and how his past financial contributions are impacting political alliances. The conversation highlights evolving dynamics that could reshape future electoral strategies for both parties.

Kim Masters, a seasoned journalist at The Hollywood Reporter, joins the discussion to unravel the intricate ties between Donald Trump and Hollywood executives. She explores the rising anxieties surrounding Trump's influence in the industry, particularly regarding his relationship with studio heads. The conversation also dives into the fate of Warner Bros. Discovery's co-heads, Mike De Luca and Pam Abdy, and whether their recent success with the ‘Minecraft’ movie can save them from impending ousting.

John Ourand, author of The Varsity and host of its accompanying podcast, dives into the fascinating dynamics of Augusta National's Masters broadcast control. He reveals how the tournament's unique traditions shape viewer experience and media strategy. Shifting gears, Ourand discusses the high-stakes negotiations for UFC's media rights, exploring whether a new partner will emerge to meet the $1 billion mark and the broader implications for sports media in a changing landscape. It's a compelling look at the intersection of sports, nostalgia, and modern broadcasting.

Jon Kelly, founder of Puck and a notable golf aficionado, joins Peter for an engaging discussion on the media's response to economic shifts. They dive into how tariffs and potential recessions are reshaping advertising revenues, especially for S.V.O.D. companies. The conversation also touches on the contrasting approaches of CNBC and Bloomberg, revealing insights about their respective strategies amidst economic turbulence. Amidst serious topics, the duo shares light-hearted moments over personal interests like music and golf.

Delve into the world of finances as everyday people reveal their spending habits for a week. Discover a young couple's struggles with aspirations of homeownership amid financial stress. Hear about the emotional weight of student debt and the clash between personal finance and societal expectations. Uncover innovative budgeting strategies and the revelations that come from tracking expenses, highlighting the deep emotional ties to money management. This exploration promises relatable stories and valuable insights into the complexities of financial life.

Lauren Sherman, a fashion and retail expert at Puck, joins the discussion to unpack the fallout from Trump's trade war on the fashion industry. She delves into Victoria's Secret facing hefty tariffs and how luxury brands like The Row are adjusting to geopolitical pressures. The conversation also touches on Glossier's struggle to maintain its trendy status amidst declining consumer interest and the brand's recent financial challenges. From import costs to brand revitalization, the insights into the evolving fashion landscape are both revealing and entertaining.

Abby Livingston, a savvy journalist at Puck who specializes in Capitol Hill and national politics, dives into the fallout of Trump's protectionist policies on American farmers. She discusses how Republican representatives are grappling with the backlash against tariffs, and the potential shift in red state politics as agricultural workers feel the pinch. Abby also breaks down the latest drama surrounding the Farm Bill and its implications for the upcoming midterms, highlighting the deep ties between farming and electoral dynamics.

Julia Alexander, a media and entertainment reporter at Puck, delves into the intriguing intersection of Big Tech and Hollywood. She discusses how economic volatility and tariffs could influence Apple's commitment to its content business. The conversation shifts to YouTube TV's impressive growth, particularly its user-friendly design and innovative acquisition of NFL's Sunday Ticket. They explore whether such strategies can genuinely rival traditional cable, especially among younger audiences seeking digital options for sports and entertainment.

Bill Cohan, author of "Dry Powder" and Wall Street expert, joins Peter for an intense discussion on Trump's trade war and its implications. They delve into alarming warnings from financial heavyweights like Bill Ackman and Jamie Dimon, raising concerns over an impending recession. The conversation shifts to the crypto market's dramatic collapse and waning consumer confidence, highlighting the precarious state of the economy and what lies ahead. Cohan's insights make the complexities of today's market both illuminating and urgent.