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Banana Disruptions
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Felix, Anna and Emily discuss the issue of small business loans in the stimulus bill, why the toilet paper shortage might not be overhyped and Trump’s oil tweet which is quite possibly the most market moving tweet ever.
“What Everyone’s Getting Wrong About the Toilet Paper Shortage,” by Will Oremus in Medium
“Trump’s Labor Department Takes A Hacksaw To Coronavirus Paid Sick Leave” by Emily Peck in the Huffington Post.
In the Slate Plus segment: The ad market during the COVID-19 pandemic.
Email: slatemoney@slate.com
Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck
Podcast production by Jessamine Molli.
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We Hate the Inflation
40:54|This week: Inflation hit its highest rate in three years thanks to skyrocketing energy prices. Felix Salmon, Elizabeth Spiers, and Emily Peck, parse through what the various inflation numbers mean and discuss the Fed’s and Donald Trump’s blasé reaction to the situation. Then, with the trustees warning of its depletion by 2032, the hosts talk about the possible consequences of losing Social Security. And finally, they look at the natural experiment that revealed the unexpected connection between the iPhone and lower birth rates. In the Slate Plus episode: Is Anthropic vs OpenAI the new Coke vs Pepsi?Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli.
Money Talks: 500 Years of the Dollar
38:32|In this Money Talks: Author and financial journalist Brendan Greeley tells Elizabeth Spiers about his new book The Almighty Dollar—and the astonishing power this currency held long before the founding of the United States.Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli.
The Index Fund Problemtunity
47:16|This week: Google’s parent company announced an unexpected move to raise $80 billion for their AI ventures. Felix Salmon, Elizabeth Spiers, and guest host Mary Childs– host of the new show Mary in America–discuss the logic behind Alphabet's stock-based fundraise, which includes a $10 billion share sale to Berkshire-Hathaway. Then, Mary explains why it’s getting harder for investors to avoid exposure to AI thanks to the index funds who are bending their rules for companies like SpaceX. And finally, they examine why Spain’s unemployment rate has dropped significantly and what that tells us about the relationship between immigration and the labor market. In the Slate Plus episode: Is “f— you” money a myth?Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth.
Least Cool Ferrari Ever
41:24|This week: Ferrari revealed its new EV designed by Jony Ive and it looked so bad it became a meme. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss the reaction to the $640,000 Ferrari Luce and how this story fits into the overall state of the electric vehicle market. Then, the hosts dig into the stat dashboard the U.N. wants to replace GDP as the main prosperity metric and debate whether GDP is even relevant enough for it to matter. And finally, they’ll examine why the UK and Europe are still so resistant to air conditioning despite being plagued by deadly heatwaves.In the Slate Plus episode: The lawsuit loophole used to report on the JP Morgan sex scandal.Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth.
Money Talks: What to Love About Limitations
39:20|In this Money Talks: Elizabeth Spiers is joined by David Epstein, author of Inside the Box: How Constraints Make Us Better, who explains his research into how limitations often lead to breakthroughs.Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth.
Theories on Trump’s Trading Frenzy
53:20|This week: It was revealed that Donald Trump’s investment portfolio made a stunning 3,600 trades in one quarter. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss theories on why the hell anyone would do this and whether it’s just weird or actually sinister. Then, they’ll get into the question of if it’s actually possible to “vote with your dollars” in the wake of the news that the famously sustainable brand Everlane is likely being sold to fast fashion behemoth Shein. And finally, they examine the shift in the online media landscape and the rise of the clipping economy.In the Slate Plus episode: SpaceX goes public.Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth.
We Need to Talk About Kevin (Warsh)
43:48|This week: Kevin Warsh took over as Federal Reserve Chair, while Jerome Powell will remain on the board. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss how the Donald Trump appointee will deal with pressure from the president to lower rates despite rising inflation. Then, they cover Trump’s visit to China and what it could mean for the US-China power balance, particularly within the AI arms race. And finally, they get into how the AI boom is making semiconductor chips the “It Girl of the global economy.”In the Slate Plus episode: Are we sick of subscriptions? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth.
Money Talks: Risk-Maxxing
37:30|In this Money Talks: Felix Salmon is joined by futurist Scott Smith who breaks down his theory of “risk-maxxing” and why it’s on the rise in economics, politics, and other spheres at this particular moment in history.Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth.
The Fun Little Drink Economy
47:10|This week: CEOs and investors at the Milken Institute Global Conference projected optimism about the economy despite the overall feeling of uncertainty brought on by Donald Trump. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss Emily’s reporting from the conference, and the way capitalists have adapted to thrive amid the unpredictability of this administration. Then, they discuss GameStop CEO Ryan Cohen’s surprising bid to buy Ebay and how they think it will play out. And finally, grab your Strawberry Açaí Lemonade Energy Refresher or Sprite® Berry Blast because it’s time to talk about drinks! The hosts get into the economics behind the fancy beverages trend as McDonalds hops on board. In the Slate Plus episode: What athletes pay for better performance. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth.