Slate Money

This week: Trump’s erratic tariff policies are creating a lot of volatility in the markets. Felix Salmon, Emily Peck, and Elizabeth Spiers are joined by investments expert Barry Ritholtz to unpack the week’s wild tariff news and this uniquely unpredictable situation where one person’s decisions are having a huge effect on the markets. Then, Barry helps the hosts understand investing in this environment with lessons from his new book ‘How Not To Invest’.In the Slate Plus episode: The trouble with leaf blowers. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Hosted on Acast. See acast.com/privacy for more information.

Mark Joseph Stern, a Slate writer specializing in legal issues, joins to dissect Trump's controversial tariffs and their dubious calculations. The discussion highlights the troubling implications of these tariffs on the legal system and the economy. They analyze the surprising decline of the U.S. dollar following the tariff announcement and the complexities it introduces to global trade dynamics. The conversation also humorously touches on inflation and whimsical scenarios involving penguins, blending serious analysis with light-hearted commentary.

David Enrich, the New York Times Business Investigations editor and author of "Murder the Truth," joins to discuss the alarming erosion of press freedoms. He reveals how powerful entities exploit legal systems to intimidate journalists, threatening the very foundation of accountability in democracy. The conversation dives into landmark cases like Times vs. Sullivan and the current landscape of misinformation, underscoring the necessity of truth in journalism amidst rising hostile forces.

This week: A leaked Signal message revealed illegal use of the commercial app by the Defense Department. Felix Salmon, Emily Peck, and Elizabeth Spiers explain how this is a common issue in finance, where employees often defy SEC regulations on secure communication in favor of more convenient ways of communicating. Then, a recent study shows that people are leaving states with anti-abortion laws and other evidence suggests political migration in the US is on the rise. Finally, Dollar Tree is selling Family Dollar to private equity for $1 billion, 10 years after buying it for $8 billion. The hosts discuss what might have led to the end of the disastrous merger. In the Slate Plus episode: Felix joins What Next host Mary Harris to talk about the godfather of crypto, Satoshi Nakamoto. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Hosted on Acast. See acast.com/privacy for more information.

Dan Primack, an Axios reporter and expert on business deals, joins the discussion to shed light on the groundbreaking $7.3 billion valuation of the Boston Celtics. The group dives into the implications of private equity's growing influence in sports ownership and its effects on team dynamics. They also tackle Elon Musk's controversial maneuvers against the Social Security Administration, questioning political motivations behind recent policy changes. With insights into legislative power plays and a humorous take on local governance, this chat is packed with thought-provoking commentary!

In this Money Talks: How does America assert its power globally? The short answer is money. For the long answer, Felix Salmon calls in authors Edward Fishman (Chokepoints) and Saleha Mohsin (Paper Soldiers) who both recently published books on the subject. They’ll discuss how the US dollar managed to become the world’s reserve asset, the ways it’s been weaponized in the past, and what that global status means under an “America First” president. This episode is member-exclusive. Listen to it now by subscribing to Slate Plus. By joining, not only will you unlock weekly bonus episodes of Slate Money—you’ll also access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Hosted on Acast. See acast.com/privacy for more information.

This week: The US Stock Market is plummeting during Trump’s second term. Felix Salmon, Emily Peck, and Elizabeth Spiers explain why headlines very rarely affect the movements of the Stock Market–and discuss whether we're currently living one of those exceptions. Then, the Wall Street Journal has reported that the Trump family is in talks to invest in the US arm of crypto giant Binance. If true, the move would almost certainly be an attempt to buy a pardon for billionaire founder CZ, who pled guilty to violating U.S. anti-money-laundering requirements under Biden. And finally, Youtube megastar MrBeast, made popular among the Gen Alpha set for giving away fabulous prizes, is turning his fame into fortune via his candybars. Are they any good? Elizabeth will decide!In the Slate Plus episode: How many days a year should we all really spend at work?Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.Podcast production by Jessamine Molli and Cheyna Roth. Hosted on Acast. See acast.com/privacy for more information.

This week: Trump’s tariffs on Mexico, Canada and China went into effect – only for him to turn around and suspend many of them. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss Trump’s love of tariffs and the political effects of his trade war. Then, Egg Watch gets a whole segment this week as Chenya Roth joins to discuss the economics of egg demand and the question of if eggs even should be super cheap. And finally, an elaborate scheme to buy every lottery ticket and guarantee a jackpot went down in Texas. The hosts debate whether there is actually anything wrong with that. In the Slate Plus episode: The Trump bump has become quite a slumpWant to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.Podcast production by Jessamine Molli and Cheyna Roth. Hosted on Acast. See acast.com/privacy for more information.

In this Money Talks: Emily Peck is joined by journalist and author Adam Chandler to discuss what he discovered about how Americans think about work while writing his book 99% Perspiration. They’ll get into America's often misguided and misinformed obsession with rugged individualism, the long-term effects of de-emphasizing community, and of course, Emily in Paris. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.Podcast production by Jessamine Molli and Cheyna Roth. Hosted on Acast. See acast.com/privacy for more information.

Kyle Chayka, a staff writer for The New Yorker and author of "Filter World," delves into intriguing issues surrounding technology and its impact on society. He discusses Trump's outrageous $5 million 'gold card' proposal for citizenship, exploring its implications for immigration and economic policies. Chayka also draws parallels between modern technocrats and the fascists of 1930s Japan, raising concerns about power dynamics in governance. Additionally, the episode highlights the absurdity of consumer fears around black plastic utensils stemming from a simple math error.