The Daily Beast Podcast I Know Why Trump’s Lost the Plot With Rage: Wolff
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Apr 19, 2026 
Michael Wolff, author and media commentator known for books on American politics, dissects a chaotic week in Trumpworld. He talks about mixed signals on a volatile war and its effects on markets. He examines who gains from the stock rally, inexperienced negotiators handling Iran, and how rage and distraction shape political calculations.
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Chaos Around The Strait Of Hormuz
- Nobody in Trump's circle knows the full picture of the war and its effects on politics and markets.
- Michael Wolff highlights confusion over the Strait of Hormuz, fluctuating oil prices, and conflicting messages from Trump and Iran.
Trump Relies On Markets Over Main Street
- Trump ties his political fate to the stock market rising even when most Americans don't benefit.
- Wolff warns markets enrich the already wealthy and won't solve affordability for ordinary voters ahead of 2026.
Unqualified Players Running Diplomacy
- Key experienced diplomats were sidelined, leaving unqualified figures handling Iran negotiations.
- Wolff singles out Witkoff and Jared Kushner as lacking relevant diplomatic or military experience.