Scott Galloway and Jessica Tarlov break down a rapidly escalating moment at home and abroad, as his war in the Middle East continues to seem like it will be going on for a while. Iran’s leadership has issued another direct threat as Donald Trump ramps up his rhetoric and pushes for a broader deal — even as the war hits its 60-day mark, raising serious legal questions under the War Powers Resolution.
Meanwhile, oil prices surged, and Wall Street doesn’t appear confident that a resolution will be reached anytime soon. Some investors are coining a new term: “NACHO” (“Not A Chance Hormuz Opens”). Scott and Jess unpack what that means for your wallet, global markets, and whether economic pressure could force a policy shift.
Back home, the Federal Reserve voted in a rare 8–4 split, signaling internal disagreement about the future direction of interest rates. Outgoing Fed chair Jerome Powell gave a press conference, warning about the threat posed by political interference in the activities of …
