Podcasts about tariffs

Episode 754: Neal and Toby preview two major events from the federal government. First, the Supreme Court is expected to rule on Trump's tariffs and what it will mean for the economy. Second, the December jobs report arrives that gives a health-check on the labor market. Then, ChatGPT launches a health tab that connects medical records and answers any health questions. Followed by Google launching its Gemini AI throughout Gmail. Meanwhile, Stock of the Week, Dog of the Week returns with Sandisk soaring 28% and a Saks bankruptcy seemed inevitable after an unsettling CEO call.  Check out https://www.rubrik.com for more  Join us for MBD's Trivia Night! https://mbdtrivianight-jan2026.splashthat.com/  Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here:⁠ ⁠⁠https://www.swap.fm/l/mbd-note⁠⁠⁠  Watch Morning Brew Daily Here:⁠ ⁠⁠https://www.youtube.com/@MorningBrewDailyShow⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

The 10-year Treasury yield is finally pushing comfortably above the 2-year yield; we will explain why this "normalization" is healthy but often precedes a mid-cycle slowdown.Today's Stocks & Topics: ThSprouts Farmers Market, Inc. (SFM), Oil Field Services, Market Wrap, “The Yield Curve "Un-Inversion", Anebulo Pharmaceuticals, Inc. (ANEB), Invest in the Demand for Magnets, The Auto Industry, United Parcel Service, Inc. (UPS), Rollover 403b to Roth I-R-A, Cardinal Health, Inc. (CAH), Winners and Loser Around the Tax Cuts and Tariffs.Our Sponsors:* Check out ClickUp and use my code INVEST for a great deal: https://www.clickup.com* Check out Invest529: https://www.invest529.com* Check out Progressive: https://www.progressive.comAdvertising Inquiries: https://redcircle.com/brands

Discover what the delayed tariff decision means. Are you on track for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle. If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars. Your compounding rate, and how well you invest, matters!  INVESTING IS WHAT THE BE WEALTHY & SMART VIP EXPERIENCE IS ALL ABOUT - Invest in digital assets and stock ETFs for potential high compounding rates - Receive an Asset Allocation model with ticker symbols and what % to invest -Monthly LIVE investment webinars with Linda 10 months per year, with Q & A -Private VIP Facebook group with daily community interaction -Weekly investment commentary -Extra educational wealth classes available -Pay once, have lifetime access! NO recurring membership fees. -US and foreign investors are welcome -No minimum $ amount to invest -Tech Team available for digital assets (for hire per hour) For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any recurring fees. Enter "SAVE50" to save 50%here: http://tinyurl.com/InvestingVIP Or set up a complimentary conversation to answer your questions about the Be Wealthy & Smart VIP Experience. Request an appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!). SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed LINDA'S WEALTH BOOKS 1. Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". 2. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Men love it too! After all, you are Wealth Heirs. :) International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning.  SPECIAL DEALS #Ad Apply for a Gemini credit card and get FREE XRP back (or any crypto you choose) when you use the card. Charge $3000 in first 90 days and earn $200 in crypto rewards when you use this link to apply and are approved: https://tinyurl.com/geminixrp This is a credit card, NOT a debit card. There are great rewards. Set your choice to EARN FREE XRP! #Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here.  #Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here. #Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.  (This post contains affiliate links. If you click on a link and make a purchase, I may receive a commission. There is no additional cost to you.) ncial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle. If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars. Your compounding rate, and how well you invest, matters!  INVESTING IS WHAT THE BE WEALTHY & SMART VIP EXPERIENCE IS ALL ABOUT - Invest in digital assets and stock ETFs for potential high compounding rates - Receive an Asset Allocation model with ticker symbols and what % to invest -Monthly LIVE investment webinars with Linda 10 months per year, with Q & A -Private VIP Facebook group with daily community interaction -Weekly investment commentary -Extra educational wealth classes available -Pay once, have lifetime access! NO recurring fees. -US and foreign investors are welcome -No minimum $ amount to invest -Tech Team available for digital assets (for hire per hour) For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any recurring fees. Enter "SAVE50" to save 50%here: http://tinyurl.com/InvestingVIP Or set up a complimentary conversation to answer your questions about the Be Wealthy & Smart VIP Experience. Request an appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!). SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed LINDA'S WEALTH BOOKS 1. Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". 2. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Men love it too! After all, you are Wealth Heirs. :) International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning.  SPECIAL DEALS #Ad Apply for a Gemini credit card and get FREE XRP back (or any crypto you choose) when you use the card. Charge $3000 in first 90 days and earn $200 in crypto rewards when you use this link to apply and are approved: https://tinyurl.com/geminixrp This is a credit card, NOT a debit card. There are great rewards. Set your choice to EARN FREE XRP! #Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here.  #Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here. #Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.  (This post contains affiliate links. If you click on a link and make a purchase, I may receive a commission. There is no additional cost to you.)

Carl Quintanilla, Sara Eisen, & David Faber kicked off the hour with a breakdown of December's full jobs report - before breaking down the numbers with an all-star lineup of market veterans, including Rockefeller's Ruchir Sharma and Goldman Sachs Chief Economist Jan Hatzius. Plus: SCOTUS not making a decision on President Trump's tariffs just yet - but Wolfe Research's Head of Policy joined the team with potential outcomes ahead of an official ruling. Also in focus: GM taking a multibillion-dollar charge tied to scrapped EV plans - the team talked fallout, and whether there's more pain ahead... Along with the latest from Washington ahead of a huge meeting at the White House with energy executives to talk the road ahead in Venezuela.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with market reaction to the December employment report: Non-farm jobs growth came in lower than expected, up 50,000. The unemployment rate fell to 4.4%. National Economic Council Director Kevin Hassett joined the program with White House reaction to the results. The anchors and Hassett discussed him being in the running for Fed chair, the Supreme Court's upcoming decision on tariffs and what to expect from President Trump's Friday meeting with oil CEOs about reviving production in Venezuela. Also in focus: The stocks surging on Meta's nuclear deals, Amazon's pharmacy to offer Novo Nordisk's Wegovy pill.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What Happens When Strong Consumers, Limited Supply, and Leasing Demand Collide?Retail real estate is not just stable — it is entering a meaningfully better phase of the cycle.Drawing on recent conversations with owners, brokers, tenants, architects, engineers, and contractors, Chris Ressa challenges the prevailing narrative that 2026 will simply mirror a solid 2025. Instead, he outlines why the year ahead could outperform expectations across leasing, rents, and long-term fundamentals.At the center of his thesis is sustained leasing velocity. Across categories and markets, tenant demand continues to outpace available supply, even as headlines focus on isolated retailer struggles. Chris explains why those failures do not define the health of retail — and why today's winners are expanding with conviction.He also breaks down why early-2025 disruptions, including an unusually high number of store closures and tariff uncertainty, are unlikely to repeat in 2026. With bankruptcies moderating, new construction still muted, and many signed tenants yet to open, available retail space is tightening further.Layer in a U.S. consumer expected to gain discretionary spending power, and the result is a collision of forces that may finally unlock meaningful rent growth. Chris argues this is the early innings of a retail pricing cycle — and 2026 could be the year it clearly shows up.What You'll HearWhy 2026 could outperform already-strong 2025 resultsHow leasing velocity is signaling a tighter retail marketThe impact of fewer bankruptcies on available retail spaceWhy muted new construction matters more than headlines suggestHow rising consumer discretionary income supports rent growthWhat the next retail pricing cycle may look like for landlords and investorsChapters00:12 – Welcome to 2026Chris sets the stage with early sentiment from across the retail real estate industry.01:58 – Leasing Velocity Tells the Real StoryDemand for retail space continues to outpace supply across most categories.03:28 – Winners, Losers, and Retail RealityWhy retailer failures don't equal a weak retail sector.05:32 – Bankruptcies, Tariffs, and a Reset MarketHow 2025 disruptions slowed leasing—and why 2026 looks different.07:26 – The Consumer Comes Back Into FocusRising discretionary income and its impact on physical retail demand.08:18 – Rent Growth vs. Landlord CapExHow economics are shifting tenant and landlord cost burdens.09:03 – The Early Innings of a Pricing CycleWhy multiple forces are colliding to push rents higher.10:55 – What's Next for Retail Retold

The future of supply chain is entering a defining chapter, and today, we dig into the signals, shifts, and strategic decisions shaping what's ahead in 2026. From ongoing trade volatility and labor disruptions to the accelerating role of AI and integrated planning, this episode cuts through the noise to focus on what leaders must prepare for now. Welcome to The Buzz, powered by EPG!Listen in as hosts Scott Luton and Karin Bursa break down the most important developments influencing global supply chains — and how leaders can build resilience in the face of constant disruption. They're joined by special guest Alex Pradhan, Founder of Alchemy Advisors, who brings practical perspective on how organizations are adapting strategy, technology, and decision-making for what's next.Together, they discuss:Why systemic disruptions — from trade policy shifts and labor unrest to natural disasters — are no longer exceptions, and how leaders must rethink resilience as a core capabilityKey predictions for 2026, including the normalization of tariff impacts, a potential U.S. manufacturing boom, and the continued maturation of integrated business planningHow AI is moving beyond experimentation to accelerate decision-making, supported by a real-world case study from a major beauty brand using AI to speed product developmentWhy orchestration matters more than ever, and how system-level decisions can move outcomes instead of simply reacting to disruptionHow AI may soon become foundational to employee productivity, shifting the conversation from functional ROI to long-term human capital developmentTune in as we connect the dots, challenge assumptions, and explore what these trends mean for manufacturers, retailers, and supply chain leaders preparing for 2026 and beyond.Additional Links & Resources:Learn more about EPG: https://epg.comWith That Said: https://bit.ly/WTS-4JAN2025American Logistics Aid Network (ALAN): https://www.alanaid.org/operations/Tariffs, strikes, and tragedies: How 2025 transformed supply chains: https://bit.ly/big-2025-storiesInside Outdoor Cap's Warehouse: How Voice Picking Elevated Daily Operations: https://bit.ly/3N3q6Dv Coty is Speeding up Its Supply Chain to Turn Around Sagging Sales: https://bit.ly/496B17Z Tensions Rise Between Consumer Expectations and Consumer Supply Chains: https://bit.ly/44ZQft8

Michael Reinking, NYSE Senior Market Strategist, kicks off 2026 with a look back and ahead. After a volatile Q1, the S&P 500 closed 2025 up 16.4%, marking a third straight year of double-digit gains driven by AI. Fed easing and rotation into small and midcaps shaped Q4, raising questions about whether broadening continues. Geopolitical headlines, including U.S. action in Venezuela, barely rattled markets as oil held steady. With indices near record highs and key data and earnings season ahead, investors enter the new year with cautious optimism.

The future of commerce hinges on agility, but most brands remain stuck at spreadsheet speed. Louis Camassa, Director of Product Management at Rithum, breaks down findings from the 2026 Commerce Readiness Index and reveals why data quality, inventory latency, and algorithmic visibility matter more than channel expansion. We're uncovering the infrastructure bottlenecks threatening AI's potential, and what it actually takes for brands to compete when algorithms decide what gets discovered.Your 2026 Resolution: Get UnstuckKey takeaways:63% of commerce teams face data quality issues affecting business decisionsInventory latency remains a competitive differentiator in agentic commerce experiencesZero-click phenomenon reducing referral traffic by 9% across e-commerce channelsAI compute costs compressed 10x in one year, matching traditional searchEnergy infrastructure, not algorithms, poses the greatest bottleneck to AI advancementKey Quotes:[00:02:04] Lou Camassa: "Most companies, whether you're a retailer or brand, you're moving at spreadsheet speed. That's just not the way of the future."[00:10:55] Lou Camassa: "We don't want to take from the past and just push it into the future. When we go into a chat experience, we don't want to drop somebody onto a homepage with a banner and categories. Let's think about this differently."[00:18:58] Lou Camassa: "We're seeing drops of about 9% across e-commerce in general on referral sources from Google because data is just being propagated in the AI overviews."[00:24:04] Lou Camassa: "Inventory latency is going to be a big game changer. It helps us get faster shipping and creates a competitive factor, specifically in LLM search, where everything else is commoditized."Associated Links:Check out Rithum's 2026 Commerce Readiness IndexLearn more about Rithum's offerings.Check out Future Commerce on YouTubeCheck out Future Commerce Plus for exclusive content and save on merch and printSubscribe to Insiders and The Senses to read more about what we are witnessing in the commerce worldListen to our other episodes of Future CommerceHave any questions or comments about the show? Let us know on futurecommerce.com, or reach out to us on Twitter, Facebook, Instagram, or LinkedIn. We love hearing from our listeners! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Andrew, Ben, and Tom discuss this morning's ADP employment data, tariff refunds, and Trump's plan to buy $200b of mortgage bonds. Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe US is now withdrawing from the GCF, the entire plan of the [WEF]/[CB] is imploding. Housing is going to boom, Trump has all the pieces in place. Supreme Court is suppose to make a decision on tariffs, if they rule against Trump he has another card up his sleeve.US trade deficit dropped by 40%. Trump just gave the [WEF] the middle finger and shutdown their entire agenda. The [DS] is doing exactly what Trump wants, they are building the insurrection right in front of the countries eyes. Trump has now set the trap of all traps, never interfere with an enemy while in the process of destroying themselves. Trump has the military, he has the law on his side, everything has been planned for, playbook known. Economy https://twitter.com/SecScottBessent/status/2009264006083522849?s=20 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/TKL_Adam/status/2009018778294927730?s=20 https://twitter.com/profstonge/status/2009298104764219475?s=20 The Supreme Court is expected to potentially rule on the legality of President Trump’s tariffs under the International Emergency Economic Powers Act (IEEPA) as early as tomorrow, January 9, 2026, at around 10 a.m. ET.  The justices heard oral arguments in the consolidated cases (Learning Resources, Inc. v. Trump and Trump v. V.O.S. Selections, Inc.) on November 5, 2025, where they appeared skeptical of the administration’s position that IEEPA grants the president authority to impose such sweeping tariffs during declared national emergencies.  Lower courts had previously ruled against the tariffs’ legality, but they remain in effect pending the Supreme Court’s decision.    These options are drawn from existing trade laws and have been used by past administrations. Here’s a breakdown of the key alternatives: Section 232 of the Trade Expansion Act of 1962: This allows the president to impose tariffs on imports deemed a threat to national security after an investigation by the Department of Commerce. There’s no cap on duty levels or duration, making it flexible for broad application, such as on steel or autos.  Section 301 of the Trade Act of 1974: Through the U.S. Trade Representative (USTR), this permits tariffs in response to unfair or discriminatory foreign trade practices that violate international agreements or harm U.S. commerce. No rate limit exists, but it requires an investigation and findings, which could target specific countries like China.  Section 122 of the Trade Act of 1974: This enables temporary import surcharges of up to 15% (or quotas) for up to 150 days to address “large and serious” balance-of-payments deficits. It’s seen as a quick interim option while longer-term measures are pursued, but extensions need congressional approval.  Section 201 of the Trade Act of 1974: Known as “safeguard” measures, this authorizes tariffs if surging imports are causing or threatening serious injury to domestic industries. It requires a U.S. International Trade Commission investigation and recommendation, with tariffs potentially lasting up to four years (extendable to eight).  Section 338 of the Tariff Act of 1930: This allows duties up to 50% on imports from countries engaging in “unfair” practices that discriminate against U.S. exports. It’s less commonly used and could face immediate lawsuits due to its broad interpretation potential. The administration has signaled readiness to shift to these tools, potentially starting with Section 122 for rapid implementation. U.S. Trade Deficit Drops 40% in Latest Commerce Dept Report  As you review this latest data on trade, remember any drop in trade deficits has two big picture functions: First, lower trade deficits generally mean the accompanying GDP release will be stronger than anticipated because imported products are a deduction from the valuation of all goods and services created in the U.S. economy.  Lower imports mean less is deducted. Secondly, and perhaps most importantly, a drop in the trade deficit created by diminished imports means more wealth remains inside the USA. We are not spending, sending money overseas, to import foreign goods at the same rate, and that money stays inside the U.S. economy. More wealth inside the U.S. provides the fuel for expanded domestic growth, more investment gains in USA manufacturing and USA industry and the ability to pay higher USA wages. The Commerce Department is reporting today that the U.S. trade deficit for October 2025 dropped to the smallest amount in 16-years.  A significant amount of the deficit drop was because a high value of physical precious metals (gold/silver) was exported, simultaneous with big offshore pharmaceutical companies dropping the prices of imported products (policy and tariff pressure).   Some may question whether internal consumer demand has declined, causing the significant drop in imports.  However, the U.S productivity rate is still very high – which generally means domestic consumer demand is still high and all units produced have a lower overall cost per unit. Economic analysis can get weedy…. so, a simple way to look at productivity is to think about baking bread in your kitchen. If you were going to bake 4 loaves of bread it might take you 2 hrs. start to finish. However, if you were going to bake 8 loaves of bread it would not take you twice as long because most of the tasks can be accomplished with simple increases in batch size, and only minor increases in labor time. Your productivity measured in the last four loaves is higher. Economic Productivity is measured much the same way, within what's called a production probability equation. Additionally, if two hours of your time are worth $40, each of four loaves of bread costs $10 in labor; but if you make 8 loaves in the same amount of time the labor cost is only $5/per loaf.   When we see higher productivity in direct alignment with GDP increases, the increased production indicates sustainable GDP growth. Source: theconservativetreehouse.com https://twitter.com/RealEJAntoni/status/2009314808332734604?s=20 Political/Rights https://twitter.com/lizcollin/status/2009046198314008954?s=20 DOGE   Geopolitical https://twitter.com/visegrad24/status/2009287108796575807?s=20 https://twitter.com/disclosetv/status/2009306335087665208?s=20 These nine Republican lawmakers joined the Democrats: Fitzpatrick (PA), Bresnahan (PA), Mackenzie (PA), Lawler (NY), Salazar (FL), LaLota (NY), Valadao (CA), Kean (NJ), Miller (OH). Yes, for S.J. Res. 98 (the Venezuela war powers resolution referenced in the post) to become law and enforce limits on further U.S. military actions, it must pass the House of Representatives after its recent advancement in the Senate. If the House approves it, the bill would then go to President Trump, who has indicated he would likely veto it based on similar past actions.  If vetoed, Congress would need a two-thirds majority in both chambers to override.    Article II of the Constitution, as all Presidents, and their Departments of Justice, have determined before me. Nevertheless, a more important Senate Vote will be taking place next week on this very subject. https://twitter.com/DOGEai_tx/status/2009076665054277855?s=20  101’s 11-point democratization criteria – including releasing political prisoners and restoring National Assembly powers. The 2025 bill mandates strict oversight of any aid through Section 204’s safeguards against regime capture. Taxpayers deserve transparency: Will this embassy facilitate accountability for $150B in stolen oil revenues, or just greenlight more foreign aid slush funds? Strategic engagement only works if tied to verifiable reforms, not symbolic gestures. https://twitter.com/estrellainfant/status/2008948263916015793?s=20 Marco Rubio and Pete Hegseth continue to expose Delcy Rodríguez and, at the same time, prevent the internal fissures of the regime from spiraling into an uncontrolled collapse. That is no coincidence: it is strategy. Rubio is not acting to provoke an immediate implosion, but to manage the decomposition of power. By exposing contradictions, routes, false narratives, and opaque movements, he weakens Delcy in front of the Chavista leadership, but without pushing the system toward a violent break that generates a power vacuum, chaos, or an unpredictable military reaction. This achieves several objectives at once: First, it isolates Delcy. Every time she is exposed, her room to maneuver shrinks in front of her “external allies” and the regime’s hardline elements. She shifts from being an operator to becoming a risk. Second, it deepens internal distrust. When sensitive information starts to align with U.S. actions, within the regime no one knows who is leaking what. That paranoia is corrosive and weakens more than a direct strike. Third, it preserves the minimum governability necessary for a transition. An abrupt collapse favors criminal actors, armed dissidents, and foreign powers. Controlling the pace of the erosion allows maintaining channels, containing damage, and preparing the ground for a subsequent political process. In that context, Delcy is trapped. If she cooperates, she exposes herself. If she doesn’t cooperate, she becomes isolated. Any move weakens her. And Rubio, aware of that, pressures her without touching the final detonator. That’s why this deserves attention: we are not seeing improvisation or personal revenge, but a calibrated operation of attrition, where the goal is not to humiliate for spectacle, but to dismantle the regime piece by piece, avoiding Venezuela paying the cost of an uncontrolled collapse. https://twitter.com/amuse/status/2008967791966376081?s=20 https://twitter.com/disclosetv/status/2009090766354960453?s=20 War/Peace Security Alert – U. S. Embassy Kyiv, Ukraine (January 8, 2026) Location: Ukraine, all districts Event: The U.S. embassy in Kyiv has received information concerning a potentially significant air attack that may occur at any time over the next several days. The embassy, as always, recommends U.S. citizens be prepared to immediately shelter in the event an air alert is announced. Actions to Take: Identify shelter locations before any air alert. Download a reliable air alert app to your mobile phone, like Air Raid Siren  or Alarm Map . Immediately take shelter if an air alert is announced. Check local media for breaking news. Be prepared to adjust your plans. Keep reserves of water, food, and medication. Follow the directions of Ukrainian officials and first responders in the event of an emergency. Review what the Department of State Can and Cannot Do in a Crisis . https://twitter.com/Geiger_Capital/status/2008991231507099730?s=20    tremendous numbers being produced by Tariffs from other Countries, many of which, in the past, have “ripped off” the United States at levels never seen before, I would stay at the $1 Trillion Dollar number but, because of Tariffs, and the tremendous Income that they bring, amounts being generated, that would have been unthinkable in the past (especially just one year ago during the Sleepy Joe Biden Administration, the Worst President in the History of our Country!), we are able to easily hit the $1.5 Trillion Dollar number while, at the same time, producing an unparalleled Military Force, and having the ability to, at the same time, pay down Debt, and likewise, pay a substantial Dividend to moderate income Patriots within our Country! 
PRESIDENT DONALD J. TRUMP Medical/False Flags [DS] Agenda https://twitter.com/DerrickEvans4WV/status/2009097879106015609?s=20 https://twitter.com/EndWokeness/status/2009305173395415310?s=20 https://twitter.com/susancrabtree/status/2009271768121242054?s=20  years, which is happening this morning. This is the arrogant California corruption that has occurred under Newsom's watch and in this case —possibly his own direction or one of his top aide's —because the light was finally beginning to shine on why the Golden State has become so tarnished under his watch. https://twitter.com/MarioNawfal/status/2009188335873302712?s=20   She warned that the intimidation is systemic, and basically if you speak up, expect your life to be dismantled. Whistleblowers are supposed to be protected by law, and if they're being hunted for telling the truth, the system is being weaponized. @MarionONeill1 : “Retaliation has been going on for quite some time and it's now escalated. You're going to lose your job. You're going to lose your home. They'll track your children. They'll make sure you can't get a job anywhere Democrats control.  https://twitter.com/Peoples_Pundit/status/2009099844506501431?s=20 https://twitter.com/MrAndyNgo/status/2009087403575947648?s=20 DHS Sec. Kristi Noem Drops Facts, Cooks Walz and Frey During Presser on MN Anti-ICE Incident https://twitter.com/townhallcom/status/2009046495262110138?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2009046495262110138%7Ctwgr%5Ec2c616dd05bfbbc6e3cd4613990f826fb989a6af%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fsister-toldjah%2F2026%2F01%2F07%2Fkristi-noem-drops-facts-cooks-walz-and-frey-during-presser-on-mn-anti-ice-incident-n2197890   these federal law enforcement officers, they’ll say that when you call for back-up…it’s hit and miss.” https://twitter.com/townhallcom/status/2009044827158007875?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2009044827158007875%7Ctwgr%5Ec2c616dd05bfbbc6e3cd4613990f826fb989a6af%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fsister-toldjah%2F2026%2F01%2F07%2Fkristi-noem-drops-facts-cooks-walz-and-frey-during-presser-on-mn-anti-ice-incident-n2197890 Noem also shared that the woman in the SUV had been “stalking and impeding” the agents during the course of the day: https://twitter.com/realDailyWire/status/2009050638232244548?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2009050638232244548%7Ctwgr%5Ec2c616dd05bfbbc6e3cd4613990f826fb989a6af%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fsister-toldjah%2F2026%2F01%2F07%2Fkristi-noem-drops-facts-cooks-walz-and-frey-during-presser-on-mn-anti-ice-incident-n2197890 Source: redstate.com Breaking: The same ICE agent appears to have been dragged roughly 300 feet while executing an arrest warrant on an illegal alien, resulting in 33 stitches just six months ago. Video and full details below. Thanks to @MWhitney93679 for bring this to my attention. @DataRepublican @elonmusk https://cbsnews.com/minnesota/video/shocking-footage-shows-driver-dragging-deportation-officer/?referrer=grok.com https://twitter.com/elonmusk/status/2009292194406895696?s=20 https://twitter.com/julie_kelly2/status/2009044298486948261?s=20 https://twitter.com/warriors_mom/status/2009038176627876188?s=20   force by an ICE agent becomes unavoidable. And the local Minneapolis politicians decide it's the perfect opportunity to declare war against the federal government? https://twitter.com/MrAndyNgo/status/2009142447905882188?s=20   to the deadly incident, leftists are urging vengeance and riots in Minneapolis. Rioters earlier surged to a federal building and smashed up the entrance. The shooting incident occurred in the context of the far-left and Antifa urging violence against ICE for months. It has led to an Antifa cell carrying out an ambush shooting in Texas on the Prairieland facility. At least seven have pleaded guilty to a federal terrorism charge. Then, in Dallas, an ICE facility was shot up by an anti-ICE activist, killing people. https://twitter.com/KanekoaTheGreat/status/2009040818896830650?s=20 BREAKING: The wife of Renee Nicole Good—the 37-year-old Minneapolis shooting victim who attempted to run over an ICE officer—appears to have been outside the vehicle filming as her wife blocked ICE vehicles. She is seen wearing a flannel shirt, walking around the vehicle and recording ICE officers. She later runs back to the vehicle to check on Renee. Afterward, she tells a nearby man, “That's my wife.” When he asks if she knows any of her wife's relatives she could call, she responds, “We’re new here. I don’t have people… I can't even breathe right now.” Why was she outside the vehicle filming while her wife was blocking ICE officers? Terrible https://twitter.com/KanekoaTheGreat/status/2009143305075097679?s=20 https://twitter.com/seanmdav/status/2009103459019002182?s=20 https://twitter.com/RapidResponse47/status/2009270499398893758?s=20 https://twitter.com/WarClandestine/status/2009132509607677966?s=20 https://twitter.com/iAnonPatriot/status/2009087576402219051?s=20 https://twitter.com/Breaking911/status/2008995871724355652?s=20 https://twitter.com/libsoftiktok/status/2009297640555503770?s=20 https://twitter.com/nicksortor/status/2009197905723216144?s=20   After about two minutes on scene, my security began wanting to bring me out of there due to the immediate threats of violence. I tried to shorten this video as much as possible but it's tough given all the BS that unfolded. As soon as I dialed 911, one of the leftist screamed “Minneapolis Police are on OUR side!” Turns out, he was right. – A vehicle began chasing us the wrong way down a one way and then threatened to kiII me (dispatch heard this and responded by asking for my last name?) – First dispatcher promised they'd respond, asked me if I was “White,” held me on the phone for the 10 mins, and then ended the call – Second one called back and gave me the runaround as the situation worsens – Third one calls me back and tells me to go fck myself, essentially We ended up being FOLLOWED out of town, and requested backup set to arrive in a few hours. We are NOT giving up. Leftists WILL NOT terrorize us into silence. See you in a few hours, Minneapolis. Stay tuned. Will Trump invoke the Insurrection Act? Before Jan 20, 2029 57% Before 2027 43% Before Jan 20, 2029 If the President of the United States has invoked the Insurrection Act to deploy the United States military and/or the federalized National Guard within the United States before Jan 20, 2029, then the market resolves to Yes. Sources from the White House, The New York Times, the Associated Press, Reuters, Axios, Politico, Semafor, The Information, The Washington Post, The Wall Street Journal, ABC, CBS, CNN, Fox News, and MSNBC. Minneapolis Public Schools Cancel Classes and Activities for Rest of Week  Minneapolis Public Schools announced Wednesday night that all classes and activities were canceled for the rest of the week and that students would not have to do ‘e-learning' at home while schools are closed. Protests are expected in the coming days after a woman driver was shot and killed by a federal officer when she allegedly tried to run him over during a protest against ICE in a Minneapolis residential neighborhood Wednesday morning. MPS statement: No school Jan. 8-9 due to safety concerns Source: thegatewaypundit.com Preplanned Riot patterns. https://twitter.com/TheSCIF/status/2009115663848362251?s=20 https://twitter.com/MrAndyNgo/status/2009077478073979120?s=20 Do you think the criminals are trying to cover their tracks, with the riots are they going to burn down the many Somali daycares will they then file for insurance claims, loss of business revenue claims. https://twitter.com/MrAndyNgo/status/2009131575724625972?s=20 https://twitter.com/amuse/status/2009009290518872568?s=20 https://twitter.com/Cernovich/status/2009041195717284106?s=20 https://twitter.com/RapidResponse47/status/2009020845239533590?s=20 TAKE A LISTEN https://twitter.com/WarClandestine/status/2009117399300362278?s=20 DHS makes over 1500 immigration arrests in Minneapolis, Secretary Kristi Noem says  https://twitter.com/Sec_Noem/status/2008718230039450008?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2008718230039450008%7Ctwgr%5Ec51cd928497b686ddee7e7e639023089bf1f9b57%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fthenationaldesk.com%2Fnews%2Famericas-news-now%2Fdhs-makes-1500-arrests-in-minneapolis-secretary-kristi-noem-says source:  wgxa.tv/  https://twitter.com/JDVance/status/2009090255908130994?s=20 https://twitter.com/jsolomonReports/status/2009278938019688755?s=20 President Trump's Plan https://twitter.com/StephenM/status/2009059590726627814?s=20  https://twitter.com/RapidResponse47/status/2009334017250996436?s=20 The saying “don’t fire until you see the whites of their eyes” (or similar variations) is most famously associated with the Battle of Bunker Hill on June 17, 1775, during the early stages of the American Revolutionary War. American colonial forces, low on ammunition and facing British regulars advancing uphill, were reportedly instructed to hold their fire until the enemy was close enough for shots to be effective—maximizing the impact of limited powder and musket balls, which were inaccurate at longer ranges. BREAKING: Obama Judge Disqualifies Trump-Appointed US Attorney Overseeing Letitia James Investigations, Tosses Subpoenas Issued to James A federal judge on Thursday disqualified the Trump-appointed US Attorney for the Northern District of New York overseeing investigations into New York Attorney General Letitia James. US District Judge Lorna Schofield, an Obama appointee, disqualified acting US Attorney John Sarcone and quashed two subpoenas issues to Letitia James. Sarcone is the fifth Trump-appointed US Attorney to be disqualified by a rogue judge Source: thegatewaypundit.com https://twitter.com/WhiteHouse/status/2009025328065466665?s=20 WITHDRAWING FROM INTERNATIONAL ORGANIZATIONS: Today, President Donald J. Trump signed a Presidential Memorandum directing the withdrawal of the United States from 66 international organizations that no longer serve American interests. The Memorandum orders all Executive Departments and Agencies to cease participating in and funding 35 non-United Nations (UN) organizations and 31 UN entities that operate contrary to U.S. national interests, security, economic prosperity, or sovereignty. This follows a review ordered earlier this year of all international intergovernmental organizations, conventions, and treaties that the United States is a member of or party to, or that the United States funds or supports. These withdrawals will end American taxpayer funding and involvement in entities that advance globalist agendas over U.S. priorities, or that address important issues inefficiently or ineffectively such that U.S. taxpayer dollars are best allocated in other ways to support the relevant missions. RESTORING AMERICAN SOVEREIGNTY: President Trump is ending U.S. participation in international organizations that undermine America's independence and waste taxpayer dollars on ineffective or hostile agendas. Many of these bodies promote radical climate policies, global governance, and ideological programs that conflict with U.S. sovereignty and economic strength. American taxpayers have spent billions on these organizations with little return, while they often criticize U.S. policies, advance agendas contrary to our values, or waste taxpayer dollars by purporting to address important issues but not achieving any real results. By exiting these entities, President Trump is saving taxpayer money and refocusing resources on America First priorities.  This is factually a much bigger deal, a bigger win, than most will initially appreciate. Each of the institutions carry “membership fees” or financial obligations each participating government pays into. Each organization consists of board members, stakeholders and other administrative offices which employ the friends and families of current and former politicians, world “leaders” and essentially well-connected and disconnected elites who run the agencies. It's like a massive network of NGOs, except the entities exist exclusively with government funding. Just like the United Nations itself, the USA always pays the dues, fees and largest portion of the operating expenses, which includes payrolls and travel benefits. Other countries participate, but it is the USA who picks up the largest portion of the financial obligations for the organization itself to exist. Like USAID, the designated “global” organizations (conventions, treaties, etc) operate as massive bureaucratic rule makers for global standards and practices. The organizations themselves employ a network of downstream entities, agencies, contractors, think-tanks, academic liaisons and internal government offices who collaborate with the goals and objectives of the parent organization.   Withdrawing the support of the U.S. means cutting that entire apparatus off from receiving funding from the USA. Europe and the USA are the largest funders of each of these World Economic Forum aligned agencies. It is not coincidental that President Trump and Secretary Rubio are making this move in advance of President Trump traveling to Davos, where the network associations congregate. President Trump is expected to deliver a bucket of ice water upon the heads of those who attend Davos annually. The GREAT RESET crew, who design the global government customs and norms, is being reset. Source: theconservativetreehouse.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");

Host Dennis Scully and BOH executive editor Fred Nicolaus discuss the biggest news in the design world, including a pullback on furniture tariffs, bankruptcy for Food52 and Schoolhouse, and a creative new use for AI in real estate.This episode is sponsored by LoloiLINKSBusiness of Home

This episode explores key accounting and reporting considerations for year-end financial reporting. Technical leaders from our National Office share reminders and timely insights across a range of topics, including tariffs, income taxes, held-for-sale accounting, and other emerging issues–topics that are relevant for all finance teams, even if it's not year-end close time.In this episode, we discuss:1:52 – AI mega-deal structuring and related accounting and reporting complexities11:30 – Equity method accounting considerations and related disclosures15:58 – Tariffs and trade considerations, including inventory impacts21:38 – Crypto asset accounting models and new FASB guidance25:16 – Accounting and reporting for private credit transactions33:00 – Tax reform developments and income tax accounting40:00 – New ASUs related to derivatives and hedge accounting42:52 – Held-for-sale accounting46:00 – OECD Pillar 2 and global taxFollow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop.About our guestsBret Dooley is a PwC National Office Deputy Chief Accountant who leads teams focused on the financial services sectors and accounting for financial instruments. He has over 25 years of experience in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues related to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.Pat Durbin is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Beth Paul is a PwC National Office Deputy Chief Accountant responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting. She has over 30 years of experience consulting with clients and engagement teams on complex accounting matters.About our guest hostTom Barbieri is PwC's US Chief Accountant. He has over 30 years of experience advising large financial services and multinational corporations on complex accounting issues. Tom leads the Accounting & SEC Services Group within the National Office, which is focused on supporting our clients and engagement teams in navigating complex technical accounting and financial reporting matters. He is also a member of the Financial Accounting Standards Advisory Council.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.comDid you enjoy this episode? Text us your thoughts and be sure to include the episode name.

Kicking off the first The Lobby Shop episode of 2026, hosts Josh Zive, Caitlin Sickles, Dylan Pasiuk, and Liam Donovan take stock of the political forces already shaping the year ahead. The conversation spans looming Supreme Court decisions on IEEPA tariffs, the communications challenges facing parties heading into a midterm year, and what recent elections signal for House and Senate control. The group also examines government funding deadlines, legislative strategy in an election year, and why expectation management may matter as much as policy outcomes in the months to come.

In today's episode, we are breaking down the bombshell news surrounding President Trump's latest trade policy: a proposed 500% tariff that is sending ripples through global markets. While the traditional finance world is in a panic, the big question for us is: What does this mean for Bitcoin and the crypto market?

The Supreme Court is expected to rule this year on major issues ranging from President Trump's tariff policies to birthright citizenship and the Voting Rights Act. We discuss some of the cases and how they could change the political landscape.This episode: senior White House correspondent Tamara Keith, justice correspondent Carrie Johnson, and senior national political correspondent Mara Liasson.This podcast was produced by Casey Morell and Bria Suggs, and edited by Rachel Baye.Our executive producer is Muthoni Muturi.Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at plus.npr.org/politics.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

From a lumpy 2025 market to building pent-up demand, M&A attorneys Corey Kupfer and Brian Meegan share their frontline perspective on deal trends and what business owners need to know heading into 2026. In this episode of the DealQuest Podcast, host Corey Kupfer sits down with his partner Brian Meegan of Kupfer. to kick off the new year with a candid conversation about the deal market. Together, they've handled dozens of deals totaling hundreds of millions of dollars in purchase price and enterprise value across wealth management, tech, and trade industries nationwide. WHAT YOU'LL LEARN: In this episode, you'll discover why the 2025 M&A market has been "lumpy" with strong activity in certain sectors while others slowed, and how markets normalize uncertainty when clarity takes too long. Corey and Brian discuss tax legislation certainty versus tariff uncertainty pending Supreme Court review, why pent-up demand builds pressure that eventually releases, and how massive PE dry powder creates deployment urgency. You'll learn why equitizing Generation 2 leadership years before an exit improves options and valuation, how trade industries remain attractive due to AI resistance, and what regional differences mean for deal opportunities. DEAL MARKET REALITY: The end of 2024 was intense, and momentum carried into 2025. Yet conversations with colleagues revealed uneven activity nationwide. Wealth management stayed robust while other sectors slowed. Weaker earnings combined with elevated prices created buyer-seller disconnects. CERTAINTY AND UNCERTAINTY: Markets crave predictability. Recent tax legislation provided clarity around R&D credits and SALT deductions. Tariff policy remains uncertain with potential Supreme Court review, creating productivity costs as companies refigure supply chains. PENT-UP DEMAND: When natural deal flow gets suppressed, it builds pressure rather than disappearing. PE firms sit on enormous capital with fund timeline pressures. Money isn't the constraint. Finding opportunities and having clarity to proceed are the real bottlenecks. THE GEN 2 IMPERATIVE: Equitizing key executives years before a potential exit creates tax-efficient structures, makes companies more attractive to buyers, and gives acquirers confidence. Waiting until deal time limits options and hurts valuation. REGIONAL DIFFERENCES: Brian's Denver practice serves different markets than Corey's coastal work. Colorado features strong tech sectors and alternative energy with California migration. Heavy manufacturing concentrates in Arizona and Nevada. TRADE CONSOLIDATION: Professionalization of trades including plumbing, electrical, and HVAC continues after more than a decade. These industries resist AI disruption, making them attractive for stable revenue and consistent fundamentals. Perfect for business owners considering exits, entrepreneurs evaluating opportunities, and anyone wanting frontline perspective on current M&A conditions. FOR MORE ON THIS EPISODE: https://www.coreykupfer.com/blog/brianmeegan2026 FOR MORE ON BRIAN MEEGAN: https://www.kupferlaw.com/ https://www.linkedin.com/in/brian-meegan/ FOR MORE ON COREY KUPFER https://www.linkedin.com/in/coreykupfer/ https://www.coreykupfer.com/ Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast. Get deal-ready with the DealQuest Podcast with Corey Kupfer, where like-minded entrepreneurs and business leaders converge, share insights and challenges, and success stories. Equip yourself with the tools, resources, and support necessary to navigate the complex yet rewarding world of dealmaking. Dive into the world of deal-driven growth today! Episode Highlights with Timestamps [00:00] - Introduction: Kicking off 2026 with partner Brian Meegan [02:00] - Why the M&A market has been "lumpy" across sectors [04:00] - Tax policy certainty after major legislation passed [08:00] - 2026 outlook and pent-up demand building pressure [13:00] - Appreciation for DealQuest listeners and clients [16:00] - The importance of equitizing Generation 2 leadership [18:00] - Tax efficiency and planning equity participation early [22:00] - Heavy manufacturing trends in Arizona and Nevada[28:00] - Optimism for 2026 and where opportunities exist Guest Bio:Brian Meegan is a partner at Kupfer., bringing extensive transactional experience from his Denver-based practice. Brian specializes in M&A transactions and complex deal structures across tech, natural resources, and professional services. His Colorado practice provides unique perspective on regional market dynamics outside traditional coastal centers. Host Bio:Corey Kupfer is an expert strategist, negotiator, and dealmaker with more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker deeply passionate about deal-driven growth. He is the creator and host of the DealQuest Podcast. Show Description: Do you want your business to grow faster? The DealQuest Podcast with Corey Kupfer reveals how successful entrepreneurs and business leaders use strategic deals to accelerate growth. From large mergers and acquisitions to capital raising, joint ventures, strategic alliances, real estate deals, and more, this show discusses the full spectrum of deal-driven growth strategies. Related Episodes: Episode 331 - M&A Market Outlook for 2025 with Corey Kupfer: Predictions and survey data about M&A activity expectations. Episode 339 - Why Your Gen 2 Matters in M&A with Corey Kupfer: Succession planning and how next-generation leadership affects deal value. Episode 350 - Building Wealth Through Rental Properties with Tom Dillon: The "sweaty startups" concept and trade industry consolidation. Episode 335 - Sovereign Wealth Funds and the Future of Investment Advisory Deals with Corey Kupfer: New capital sources entering wealth management M&A. Episode 330 - From Operator to Owner with Pete Mohr: Business freedom and reducing owner involvement while maintaining value. Episode 206 - Should Uncertainties in the Market Impact Your Deal-Making? with Corey Kupfer: How external factors should influence deal decisions. Social Media: Follow DealQuest Podcast: LinkedIn: https://www.linkedin.com/in/coreykupfer/ Website: https://www.coreykupfer.com/ Follow Brian Meegan: https://www.kupferlaw.com/ Keywords/Tags: M&A market outlook 2026, deal trends, private equity dry powder, pent-up demand, tariff uncertainty, trade consolidation, equitizing employees, succession planning, wealth management M&A, Gen 2 leadership, tax policy certainty, interest rates, regional deal markets, Colorado tech sector, entrepreneurship, business growth strategies, dealmaking, exit planning, capital deployment, fund timelines

This episode revolves around President Donald Trump's claim that, due to the massive tsunami of tariff revenue that's flowing into the U.S. coffers, Americans won't have to pay income tax in 2026. David McKnight looks at the 2025 fiscal year: the Federal Government spent about $7 trillion and brought in about $5 and a quarter trillion in revenue. While breaking down the math related to the 2025 fiscal year, David points out that "Revenue from income taxes is the single largest source of Federal revenue", while "Tariffs, by contrast, are one of the smallest." Even Trump's own economic team, including Treasury Secretary Scott Bessent, has said that in an extremely optimistic scenario, tariff revenue might someday reach $500 billion a year – which is only about ⅕ of what gets collected in income taxes. By looking at the numbers, it's clear that the proposed tariff-funded $2,000 check for each of the 340 million Americans wouldn't work: it would cost roughly $680 billion against a tariff revenue that only amounts to $195 billion… David clarifies a key point about tariffs. They're not paid by foreign governments, they're paid by U.S. importers. In other words, tariffs are simply a tax on consumers. There's an additional problem that shouldn't be overlooked. Not only do tariffs not generate enough revenue, but they can also lead to retaliation by other countries imposing their own tariffs on American exports. This means that an American effort to try to raise trillions of dollars through tariffs could end up costing heavily on its own people.  David is crystal clear: While these types of claims make for great sound bites, the federal budget still has to obey the mathematical laws of the universe, and the math makes it clear: There's no world in which tariffs could ever eliminate the need for an income tax. By the look of things, the U.S. is marching into a future where the federal government will soon need huge infusions of cash just to pay the interest on its exploding national debt. To forestall this, the U.S. government will have to double federal income taxes in or around 2035.  That's why, David says, having a dialed-in strategy to get your retirement savings shifted from 401(k)s and IRAs to Roths is more important than ever.     Mentioned in this episode: David's new book, available now for pre-order: The Secret Order of Millionaires David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track Tax-Free Income for Life: A Step-by-Step Plan for a Secure Retirement by David McKnight DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com President Donald Trump Treasury Secretary Scott Bessent  Wharton School of the University of Pennsylvania 

Welcome back to another conversation with me, Anthony Scaramucci and my good friend Mike Novogratz. We cut through the noise to talk about what's really driving markets right now—from Venezuela and geopolitics to why stocks, crypto, and commodities all look like they want to move higher at the same time. We also dig into debt, power, AI, and the uncomfortable truth that asset prices are booming while a lot of people still feel left behind. Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve's Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family's foundation. Follow Anthony on X: ⁠⁠⁠⁠https://x.com/Scaramucci⁠⁠⁠⁠ Follow Novo on X: ⁠⁠⁠⁠https://x.com/novogratz⁠⁠⁠⁠ Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Learn more about your ad choices. Visit podcastchoices.com/adchoices

After a volatile first half and another year of strong headline returns, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist at Carson Group, step back to assess what actually shaped markets in 2025 and what that foundation means heading into 2026.They revisit why early-year turbulence caught so many investors off guard, how companies navigated tariffs and margin pressure more effectively than expected, and why earnings growth remained the quiet backbone of the rally. The conversation then turns forward, covering their 2026 outlook for stocks and bonds, the role of AI-driven capital spending, global market leadership, and why sentiment continues to lag reality even as breadth improves. Along the way, they discuss inflation stickiness, labor market crosscurrents, policy tailwinds, and where diversification still matters most as the cycle matures.Key Takeaways: • Earnings did the heavy lifting: Profit growth and margin resilience, not valuation expansion, powered market gains • Volatility followed the script: Early-year drawdowns fit historical patterns despite widespread surprise • Global leadership expanded: International markets and cyclicals outpaced expectations as breadth improved • AI spending surged: Capital expenditures accelerated across major tech platforms, reinforcing long-term growth trends • 2026 outlook remains constructive: Above-average equity returns and modest bond gains hinge on steady growth without recessionJump to:0:00 — Setting The Stage For 20251:48 — Tariffs, Liberation Day, And Market Bottom4:30 — Sentiment, Concentration Myths, And Breadth9:45 — Speculation Falls, AI Leaders Repriced14:45 — Small Caps, Transports, And Rate Cuts22:30 — IPO Drought, Private Markets, And Valuations27:20 — Media Moments, Gold, And Diversifiers32:20 — Fed Cuts, Dots, And Labor Revisions40:10 — 2026 Playbook: Mid Caps, Financials, Healthcare46:30 — Global Vs. U.S., EM Tilt, And PolicyConnect with Ryan:• LinkedIn: https://www.linkedin.com/in/ryandetrick/• X: https://x.com/RyanDetrickConnect with Sonu:• LinkedIn: https://www.linkedin.com/in/sonu-varghese-phd/• X: https://x.com/sonusvarghese?lang=enQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.com

Thank you NeuroDivergent Hodgepodge, ITS Never Happening…, Marg KJ, John A, Alexandra Drone, and many others for tuning into my live video! Join me for my next live video in the app.* Farmer Gives Trump an F-: How Tariffs and Trade Wars Destroyed American Agriculture: A veteran soybean farmer explains why Trump earns an F- for tariffs, bailouts, and policies that crushed farmers and fueled corporate lan… To hear more, visit egberto.substack.com

President Trump just unleashed a wild rant on Truth Social, accusing media figures of deliberately ignoring good news about his worsening tariff disaster because they “hate and disrespect our country.” He added that the tariffs have made us “FAR STRONGER AND MORE RESPECTED THAN EVER BEFORE.” What caught our eye is how this shows Trump running everything, no matter how trivial, through a “strong” versus “weak” frame. He's vowing to seize Venezuela's oil after his invasion; he's threatening many other countries with military action; and he's even menacing Greenland, a NATO ally. Yet a new poll finds surprisingly low support for his action against Venezuela on multiple fronts. We talked to international relations expert Nicholas Grossman, who argues that Trump has it all backwards: All these blustering fits and threats are a sign of Trump's personal and political weakness and also are weakening our country's international standing. We discuss whether that bad poll suggests an opening for Democrats to seize the strong/weak frame from him.  Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio Learn more about your ad choices. Visit megaphone.fm/adchoices

Let's talk about Trump's tariff turnarounds in 2025....

Wall Street has apparently reached a group chat consensus: 2026 only goes up. Every major strategist, from big banks to boutique shops, is lined up predicting another year of gains... because after a 90% rally off the 2022 lows, skepticism has officially been benched. Even lifelong bulls are starting to feel uneasy about the total absence of dissent, which historically isn't exactly when you want everyone pounding the table at once. When pessimism disappears, risk doesn't... it just gets 'mispriced.'➡️ Meanwhile, the macro backdrop looks oddly “perfect” on paper and deeply questionable underneath. GDP prints strong, inflation magically cools, housing costs flatline… except a government shutdown quietly forced the data to assume reality took a month off. Add in tariff distortions, election-year volatility, AI bubble anxiety, and a looming funding deadline in Washington, and suddenly the bullish narrative starts to wobble.

Hyundai production, UAB Health growth, state political personnel. Learn more about your ad choices. Visit megaphone.fm/adchoices

On Tuesday's FreightWaves Morning Minute, we cover the news that⁠ Jacobs' QXO gets big investment from group led by Apollo⁠, securing $1.2 billion to consolidate the building product supply chain. This fresh capital empowers the logistics venture to manage a growing asset base within a fragmented ecosystem. Next, we discuss how⁠ Stord buys e-commerce specialist Shipwire from Ceva Logistics⁠ as part of a strategy to rapidly scale its operations. The acquisition provides Stord with 12 new fulfillment centers and access to a global network of 1,000 warehouses. We also report that⁠ Trump delays furniture, cabinet tariffs; scales back duties on pasta⁠, pushing planned hikes on furniture imports back to at least 2027,. The administration simultaneously reduced proposed duties on Italian pasta while keeping the existing 25% duty on furniture in place. Finally, be sure to tune in to FreightWaves TV today for new episodes of ⁠Check Call⁠ and ⁠Loaded and Rolling⁠. These programs will air at 12:30 p.m. and 2:00 p.m., respectively. ⁠Follow the FreightWaves NOW Podcast⁠ ⁠Other FreightWaves Shows⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

On the last day of 2025, the administration issued a proclamation delaying for another year the increase in tariffs on certain upholstered products, kitchen cabinets, and vanities. For more information, listen to today's Two Minutes in Trade.  

Your 60-second money minute. Today's topic: More Tariff Roll Backs Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

President Trump just unleashed a wild rant on Truth Social, accusing media figures of deliberately ignoring good news about his worsening tariff disaster because they “hate and disrespect our country.” He added that the tariffs have made us “FAR STRONGER AND MORE RESPECTED THAN EVER BEFORE.” What caught our eye is how this shows Trump running everything, no matter how trivial, through a “strong” versus “weak” frame. He's vowing to seize Venezuela's oil after his invasion; he's threatening many other countries with military action; and he's even menacing Greenland, a NATO ally. Yet a new poll finds surprisingly low support for his action against Venezuela on multiple fronts. We talked to international relations expert Nicholas Grossman, who argues that Trump has it all backwards: All these blustering fits and threats are a sign of Trump's personal and political weakness and also are weakening our country's international standing. We discuss whether that bad poll suggests an opening for Democrats to seize the strong/weak frame from him.  Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump just unleashed a wild rant on Truth Social, accusing media figures of deliberately ignoring good news about his worsening tariff disaster because they “hate and disrespect our country.” He added that the tariffs have made us “FAR STRONGER AND MORE RESPECTED THAN EVER BEFORE.” What caught our eye is how this shows Trump running everything, no matter how trivial, through a “strong” versus “weak” frame. He's vowing to seize Venezuela's oil after his invasion; he's threatening many other countries with military action; and he's even menacing Greenland, a NATO ally. Yet a new poll finds surprisingly low support for his action against Venezuela on multiple fronts. We talked to international relations expert Nicholas Grossman, who argues that Trump has it all backwards: All these blustering fits and threats are a sign of Trump's personal and political weakness and also are weakening our country's international standing. We discuss whether that bad poll suggests an opening for Democrats to seize the strong/weak frame from him.  Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio Learn more about your ad choices. Visit megaphone.fm/adchoices

A veteran soybean farmer explains why Trump earns an F- for tariffs, bailouts, and policies that crushed farmers and fueled corporate land grabs.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE

Trump's tariffs devastated U.S. farmers while corporate bailouts fueled land grabs. The same elite logic drove the invasion of Venezuela—now challenged by Zohran Mamdani's democratic message.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE

Thousands prepared for the big stretch of hockey in the Twin Cities for the IIHF World Juniors Championships - but the attendance numbers are mostly in and it is not what many expected but it also has to do with tariffs internationally - we discuss!

Final hour of the Lake Show as we recap the run of the World Juniors here in Saint Paul where we did not see the results we probably expected but how much of it was due to tariffs? Also we replay some audio from First Take on why when it comes to results not correlating to a sports performance! Finally, the wants of the year are exactly that - the wants and we want people to be better!

A veteran of Jack Lenor Larsen's legendary studio, Stacy Waggoner has spent her entire career in textiles. Founded in 2009, Studio Four is the culmination of her passion for fabric: An independent home for lines from around the world, loved by designers for its unique viewpoint. On this episode of the podcast, Waggoner speaks with host Dennis Scully about the rise of digitally printed textiles, what makes a line successful in her showroom, and the surprising truth tariffs have revealed about the fabric business. This episode is sponsored by Ernesta LINKSStudio FourDennis ScullyBusiness of Home

Tariffs and trade wars dominated 2025, but what does the year ahead have in store? And what about the prospect for rising prices we've seen around the world? The BBC's Deputy Economics Editor, Dharshini David, and North America Business Correspondent, Michelle Fleury, pick through what we learned last year and explore the trends likely to shape the global economy in 2026. If you would like to get in touch with the programme, please email: businessdaily@bbc.co.ukPresenter: Will Bain Producer: Matt Lines(Picture: Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, Canadian Prime Minister Mark Carney, US President Donald Trump, UK Prime Minister Keir Starmer and Germany's Chancellor Friedrich Merz at the G7 summit in Kananaskis on June 16, 2025. Credit: AFP via Getty Images)

The Krewe sits down with Amy Hever, Executive Director of the MLB Players Trust, and Chris Capuano, former MLB pitcher & Chair of the Players Trust Board, to explore how MLB players give back through community-driven initiatives. Discover the mission of the MLB Players Trust, player-led philanthropy, & how baseball continues to bridge cultures between Japan & the United States through youth programs, education initiatives, & meaningful cross-cultural engagement beyond the field.------ About the Krewe ------The Krewe of Japan Podcast is a weekly episodic podcast sponsored by the Japan Society of New Orleans. Check them out every Friday afternoon around noon CST on Apple, Google, Spotify, Amazon, Stitcher, or wherever you get your podcasts.  Want to share your experiences with the Krewe? Or perhaps you have ideas for episodes, feedback, comments, or questions? Let the Krewe know by e-mail at kreweofjapanpodcast@gmail.com or on social media (Twitter: @kreweofjapan, Instagram: @kreweofjapanpodcast, Facebook: Krewe of Japan Podcast Page, TikTok: @kreweofjapanpodcast, LinkedIn: Krewe of Japan LinkedIn Page, Blue Sky Social: @kreweofjapan.bsky.social, Threads: @kreweofjapanpodcast & the Krewe of Japan Youtube Channel). Until next time, enjoy!------ Support the Krewe! Offer Links for Affiliates ------Use the referral links below & our promo code from the episode!Support your favorite NFL Team AND podcast! Shop NFLShop to gear up for football season!Zencastr Offer Link - Use my special link to save 30% off your 1st month of any Zencastr paid plan! ------ About MLB Players Trust ------MLB Players Trust WebsitePlaymakers Classic Info & TicketsMLB Players Trust on IGMLB Players Trust on X/TwitterMLB Players Trust on LinkedInMLB Players Trust on Facebook------ Past KOJ Traditional Japan Episodes ------Japanese Soccer on the World Stage ft. Dan Orlowitz (S6E5)Meet the J.League ft. Dan Orlowitz (S6E4)Kendo: The Way of the Sword ft. Alexander Bennett, 7th Dan in Kendo (S4E16)The Life of a Sumotori ft. 3-Time Grand Champion Konishiki Yasokichi (S4E10)Talking Sumo ft. Andrew Freud (S1E8)------ JSNO Upcoming Events ------JSNO Event CalendarJoin JSNO Today!

Learn how businesses can store and even process goods without incurring immediate tariff obligations.     The effective US tariff rate soared to 17% in 2025. What options are available to businesses that need to import goods but want to mitigate tariff burdens?     Join Alex Heil and guest Erin McLaughlin, senior economist at The Conference Board in the Economy, Strategy & Finance (ESF) Center, to find out what foreign trade zones and bonded warehouses are, how they differ from each other, and how businesses can use them wisely in this uncertain tariff environment.     For more from The Conference Board:  Supply Chain Strategies for Tariffs: Foreign Trade Zones, Bonded Warehouses  Tariff Tracker  For Manufacturers, This Old Solution May Ease Today's Tariff Troubles 

(The Center Square) – The U.S. Supreme Court will head into 2026 with numerous high profile decisions to issue. Transgender athletes, birthright citizenship, presidential firing power, tariffs and redistricting are several issues that hang in the balance of the high court's decision making. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

President Trump is facing mounting headwinds on some of his biggest priorities as he begins the second year of his presidency. Plus, backlash is growing against the Trump Kennedy Center as the Wicked composer who helped launch the center says he won't even appear there.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

On this episdoe we talk trash to one another, The Buttster has technical Isues, Josh "Cowboy" Woodward joins us again, and its a complete GONG Show! Enjoy!

Gary Shapiro has spent decades at the center of the global consumer technology industry, leading the Consumer Technology Association (CTA) and building CES into one of the most important stages for innovation, policy, and deal-making on the planet. In this first episode of 2026, Gary joins Charlie, Rony, and Ted to preview CES, unpack the explosion of AI across every category, and deliver unusually blunt takes on tariffs, China, manufacturing, and U.S. innovation policy. He explains how CES has evolved from a TV-and-gadgets show into a global platform where boards meet, standards are set, and policymakers, chip designers, robotics firms, and health-tech startups all collide.In the News: Before Gary joins, the hosts break down Nvidia's $20 billion “not-a-deal” with Singapore's Groq, the stake in Intel, and what that combo might signal about the edge of the GPU bubble and the shift toward inference compute, x86, and U.S. industrial policy. They also dig into Netflix's acquisition of Ready Player Me and what it suggests about a Netflix metaverse and location-based entertainment strategy, plus Starlink's rapid growth and an onslaught of “AI everything” products ahead of CES.Gary walks through new features at this year's show: CES Foundry at the Fontainebleau for AI and quantum, expanded tracks on manufacturing, wearables, women's health, and accessibility, plus an AI-powered show app already fielding thousands of questions (top query: where to pick up badges). He also talks candidly about his biggest concern—that fragmented state-level AI regulation (1,200+ state bills in 2025) will crush startups while big players shrug—and why he believes federal standards via NIST are the only realistic path. The discussion ranges from AI-driven healthcare and precision agriculture to robotics, demographics, labor culture, global supply chains, and what CES might look like in 2056.5 Key Takeaways from Gary:AI is now the spine of CES. CES 2026 centers on AI as infrastructure: CES Foundry at the Fontainebleau for AI + quantum, AI training tracks for strategy, implementation, agentic AI, and AI-driven marketing, and an AI-powered app helping attendees navigate the show.Fragmented state AI laws are an existential risk for startups. Over 1,200 state AI bills in 2025—including proposals to criminalize agentic AI counseling—could create a compliance maze only large incumbents can survive, which is why Gary argues for federal standards via NIST.Wearables are becoming systems, not gadgets. Oura rings, wrist devices, body sensors, and subdermal glucose monitors are starting to be designed as interoperable families of devices, with partnerships emerging to combine data into unified health services.Robotics is breaking out of the industrial niche. CES will showcase the largest robotics presence yet, moving beyond factory arms and drones to humanoids, logistics, social companions, and applied AI systems across sectors.Tariffs, alliances, and AI will reshape manufacturing. Gary is skeptical of “Fortress USA” strategies that try to onshore everything, pointing instead to allied reshoring (Latin America, Europe, Japan, South Korea) and the long-term role of AI-powered robotics in changing labor economics and global supply chains.This episode is brought to you by Zappar, creators of Mattercraft—the leading visual development environment for building immersive 3D web experiences for mobile headsets and desktop. Mattercraft combines the power of a game engine with the flexibility of the web, and now features an AI assistant that helps you design, code, and debug in real time, right in your browser. Whether you're a developer, designer, or just getting started, start building smarter at mattercraft.io.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

2025 is finally over. We had bad consumer sentiment vibes, tariffs, and a seemingly ascendant stock market. And those are just a few indicators from last year!  As we enter 2026, what indicators should we keep an eye on … in the future? On today's episode, our top indicator predictions for the new year.Related: What AI data centers are doing to your electric bill Tariffs. Consumer sentiment. Cape ratio. Pick the Indicator of the Year! What indicators will 2025 bring? For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

The Yaron Brook Show

The team reunites in 2026 and reflects on the economy's performance in 2025 and looks ahead to the New Year. Mark reviews the forecast accuracy for the past year and is surprised by the results. Mark and Cris quibble over how to characterize the economy in 2025, and the team shares its predictions for 2026, along with the probabilities of the base cases, upside, and downside forecasts.  Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn  Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

COVID pulled supply chains out of the background and into daily life. What used to feel abstract suddenly determined whether shelves were stocked, prices stayed stable, or businesses survived at all. In this conversation, Kerim Kfuri breaks down how global supply chains actually work, why the old “lowest cost at all costs” logic is outdated, and how disruption has reshaped manufacturing, trade, and strategy worldwide.We explore the shift from just-in-time efficiency to just-in-case resilience, challenge the idea that globalization is primarily exploitation, and explain why visibility, redundancy, and optionality now matter more than unit price. We also dive into tariffs, debt, leverage, inflation, and the uncomfortable truth: every attempt to “fix” supply chains shows up in consumers' wallets.This isn't about ideology or slogans. It's about fundamentals—survivability, relevance, and designing systems that can absorb shocks without breaking.TL;DR* Supply chains aren't boring—they're the infrastructure of modern life.* Cost is no longer king; resilience, visibility, and flexibility are.* “Just in time” failed under real stress; “just in case” is the new survival model.* Globalization today is about capability, not exploitation.* Tariffs and inflation are hidden taxes consumers always end up paying.* Long-term business success depends on survivability, not quarterly optics.Memorable lines* “Supply chains used to be invisible—until they broke.”* “Cost is the last variable now, not the first.”* “Relevance is what makes supply chains sexy.”* “You don't notice the wiring in the wall until the power goes out.”GuestKerim Kfuri — President & CEO, Atlas NetworkGlobal supply chain strategist focused on resilience, efficiency, and disruption-ready systems.Why this mattersIf you want businesses—and economies—that last, stop optimizing for perfect conditions and start designing for disruption. Supply chains aren't about speed alone anymore. They're about survival.Call to ActionIf this conversation lit something up for you, don't just let it fade. Come join me inside the Second Life Leader community on Skool. That's where I share the frameworks, field reports, and real stories of reinvention that don't make it into the podcast. You'll connect with other professionals who are actively rebuilding and leading with clarity. The link is in the show notes—step inside and start building your Second Life today.https://secondlifeleader.com This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.dougutberg.com

A decline in Tesla deliveries allows a rival to become the world's top EV seller. Furniture stocks surge after President Trump delays a tariff hike. Plus, will the Dow stocks with the highest dividend yields continue to outperform in 2026? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, as we look ahead to what 2026 has in store for America, we take one more look back at 2025 and what the first year of Trump 2.0 brought to the table. John Solomon welcomes the 45th and 47th President of the United States, Donald J. Trump, as he discusses the recent FBI investigation into alleged conspiracies against him and the Democrats. President Trump shares his thoughts on the importance of fair voting, the need for declassification of key documents, and the potential for balancing the budget. He also addresses the role of the Federal Reserve and hints at upcoming tariff agreements. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

2025 is finally over. It was a wild year for the U.S. economy. Tariffs transformed global trading, consumer sentiment hit near-historic lows, and stocks hit dramatic new heights! So … which of these economic stories defined the year?We will square off in a family feud to make our case, debate, and decide it. Also, as we enter 2026, we are watching the trends and planning out what next years stories are likely to be. So we're picking  which indicators will become next years most telling. On today's episode, our indicators of this past year AND our top indicator predictions for 2026.Related episodes:The Indicators of this year and next (2024)This indicator hasn't flashed this red since the dot-com bubble What would it mean to actually refund the tariffs?What AI data centers are doing to your electric bill What indicators will 2025 bring? Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode of Planet Money was produced by James Sneed. The episodes of The Indicator were produced by Angel Carreras, edited by Julia Ritchey, engineered by Robert Rodrigez and Kwesi Lee, and fact-checked by Sierra Juarez. Kate Concannon is the editor of the Indicator. Alex Goldmark is our executive producer. For sponsor-free episodes of The Indicator and Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Original Release Date: November 25, 2025Our Chief U.S. Economist Michael Gapen breaks down how growth, inflation and the AI revolution could play out in 2026.Read more insights from Morgan Stanley.----- Transcript -----Michael Gapen: Welcome to Thoughts on the Market. I'm Michael Gapen, Morgan Stanley's Chief U.S. Economist.Today I'll review our 2026 U.S. Economic Outlook and what it means for growth, inflation, jobs and the Fed.It's Tuesday, November 25th, at 10am in New York.If 2025 was the year of fast and furious policy changes, then 2026 is when the dust settles.Last year, we predicted slow growth and sticky inflation, mainly because of strict trade and immigration policies – and this proved accurate. But this year, the story is changing. We see the U.S. economy finally moving past the high-uncertainty phase. Looking ahead, we see a return to modest growth of 1.8 percent in 2026 and 2 percent in 2027. Inflation should cool but it likely won't hit the Fed's 2 percent target. By the end of 2026, we see headline PCE inflation at 2.5 percent, core inflation at 2.6 percent, and both stay above the 2 percent target through 2027. In other words, the inflation fight isn't over, but the worst is behind us.So, if 2025 was slow growth and sticky inflation, then 2026 and [20]27 could be described as moderate growth and disinflation. The impact of trade and immigration policies should fade, and the economic climate should improve. Now, there are still some risks. Tariffs could push prices higher for consumers in the near term; or if firms cannot pass through tariffs, we worry about additional layoffs. But looking ahead to the second half of 2026 and beyond, we think those risks shift to the upside, with a better chance of positive surprises for growth.After all, AI-related business spending remains robust and upper income consumers are faring well. There is reason for optimism. That said, we think the most likely path for the economy is the return to modest growth. U.S. consumers start to rebound, but slowly. Tariffs will keep prices firm in the first half of 2026, squeezing purchasing power for low- and middle-income households. These households consume mainly through labor market income, and until inflation starts to retreat, purchasing power should be constrained.Real consumption should rise 1.6 percent in 2026 and 1.8 [percent] in 2027 – better, but not booming. The main culprit is a labor market that's still in ‘low-hire, low-fire' mode driven by immigration controls and tariff effects that keep hiring soft. We see unemployment peaking at 4.7 percent in the second quarter of 2026, then easing to 4.5 percent by year-end. Jobs are out there, but the labor market isn't roaring. It'll be hard for hiring to pick up until after tariffs have been absorbed.And when jobs cool, the Fed steps in. The Fed is cutting rates – but at a cost. After two 25 basis point rate cuts in September and October, we expect 75 basis points more by mid 2026, bringing the target range to 3.0-3.25 percent. Why? To insure against labor market weakness. But that insurance comes with a price: inflation staying above target longer. Think of it as the Fed walking a tightrope—lean too far toward jobs, and inflation lingers; lean too far toward inflation, and growth stumbles. For now the Fed has chosen the former.And how does AI fit into the macro picture? It's definitely a major growth driver. Spending on AI-related hardware, software, and data centers adds about 0.4 percent to growth in both 2026 and 2027. That's roughly 20 percent of total growth. But here's the twist: imports dilute the impact. After accounting for imported tech, AI's net contribution falls sharply. Still, we expect AI to boost productivity by 25-35 basis points by 2027, over our forecast horizon, marking the start of a new innovation cycle. In short: AI is planting the seeds now for bigger gains later.Of course, there are risks to our outlook. And let me flag three important ones. First, demand upside – meaning fiscal stimulus and business optimism push growth higher; under this scenario inflation stays hot, and the Fed pauses cuts. If the economy really picks up, then the Fed may need to take back the risk management cuts it's putting in now. That would be a shock to markets. Second, there's a productivity upside – in which case AI delivers bigger productivity gains, disinflation resumes, and rates drift lower. And lastly, a potential mild recession where tariffs and tight policy bite harder, GDP turns negative in early 2026, and the Fed slashes rates to near 1 percent. So in summary: 2026 looks to be a transition year with less drama but more nuance, as growth returns and inflation cools, while AI keeps rewriting the playbook.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.