The episode covers the appointment of Kevin Warsh as the new Federal Reserve Chair. This transition occurs at a critical juncture, with persistent inflation challenging the central bank's path and forcing a reevaluation of future interest rate moves.
Tensions with Iran are a major focus, with President Trump reportedly considering renewed military strikes. This is set against a backdrop of allied pleas for de-escalation, hawkish calls from Congress, and proxy attacks in the region, such as a drone strike on a UAE nuclear facility.
The sudden resignation of Director of National Intelligence Tulsi Gabbard highlights deep fissures within the administration. Her departure is framed as a victory for the more interventionist, 'neocon' faction, suggesting a potential shift in US foreign policy.
The massive demand for AI compute capacity is causing a prolonged and severe shortage of memory chips. Micron Technology is a central player, ramping up US-based manufacturing, but the company's CEO believes the supply-demand imbalance will persist for years.
Keep pulling the thread on Dow Jones Industrial Average.