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    Business

    Prof G Markets

    Prof G Markets is your daily briefing on the news moving markets — from earnings and geopolitics, to Big Tech and AI. 

    Hosted by Scott Galloway and Ed Elson, we cut through the noise with no-BS analysis. Tune in to understand what’s happening, why it matters, and how to stay ahead.

    Fast takes. Clear insights. No jargon — just signal.

    Have a question or comment for us? Reach out to markets@profgmedia.com.

    Part of the Vox Media Podcast Network.

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    Latest Episodes:
    The TikTok Showdown, UnitedHealth’s First Earnings Post-Shooting, and a Banking Boom Jan 20, 2025
    Show notes

    Scott and Ed open the show by discussing the latest inflation report, Meta’s next round of layoffs, and the uncertain future of TikTok. Then Scott breaks down United Health’s first earnings call since the killing of executive Brian Thompson, explaining why the company appeared to downplay its successful year. He delves into how profit incentives in sectors tied to social goods can create harmful externalities. Finally, Scott and Ed review fourth-quarter bank earnings, explaining why the results are clear evidence that mergers and acquisitions are back.

    Order "The Algebra of Wealth," out now

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    LA Fires, Trump Trades, TikTok, and Legacy Media’s Fate — ft. Andrew Ross Sorkin Jan 16, 2025
    Show notes

    Scott and Ed open the show by discussing Kalshi’s decision to appoint Donald Trump Jr. as its new advisor, a decline in tipping across America, and the economic impact of the wildfires in Los Angeles. Then Andrew Ross Sorkin, editor-at-large of DealBook at the New York Times and co-anchor of CNBC’s Squawk Box, joins the show to discuss the key economic trends he’s watching for Trump’s second term. He explains why he thinks the private equity space is broken right now, analyzes the changing landscape of the AI industry, and shares his thoughts on the rumors that China is considering selling TikTok to Elon Musk. Andrew also offers his perspective on how journalists and legacy media should adapt to a social media era that lacks fact-checking and trust.

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    The DOJ’s Landlord Lawsuit + Can Trump Buy Greenland? Jan 13, 2025
    Show notes

    Scott and Ed open the show by discussing Anthropic’s upcoming funding round, a huge drawdown in quantum stocks, and Getty Images’ acquisition of Shutterstock. Then Scott breaks down the Department of Justice’s lawsuit against some of the nation’s largest real estate firms, arguing why he believes the move doesn’t address the broader housing crisis. Finally, Scott and Ed discuss why Trump wants to buy Greenland and the Panama Canal and explain why the plans are unlikely to materialize.

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    Money for Couples — ft. Ramit Sethi Jan 09, 2025
    Show notes

    Scott and Ed open the show by discussing the Surgeon General’s report linking alcohol and cancer, the ongoing ski patrol strike at Park City Resort, and Meta’s new board members. Then Ramit Sethi, bestselling author of “I Will Teach You to Be Rich” and the brand new book, “Money For Couples,” joins the show to discuss how couples should navigate their finances. He explains what he thinks is the ultimate financial red flag, and why he believes couples should have joint bank accounts. Ramit also breaks down how much couples should spend on weddings – and reveals what he thinks about prenups.

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    Predictions for 2025 Jan 06, 2025
    Show notes

    Scott shares his predictions for the year ahead, including his picks for the top investment, technology, and media platform of 2025. He also forecasts what could become the standout IPO of the year. And for the first time ever, Scott ventures into uncharted territory with his prediction for the "chemical of the year."

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    Ask Us Anything — Forgiveness, The Manosphere, Parasocial Relationships & More Dec 23, 2024
    Show notes

    Scott and Ed answer listener-submitted questions about everything from the origins of Ed’s accent to how they feel about parasocial relationships. They address why they look similar, talk about how to maintain friendships and give tips for improving storytelling. Plus, Ed discusses how he figured out his long-term goals and Scott reveals how much he paid for his birthday party.

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    How to Make the Most of Your Money in the New Year — ft. Morgan Housel Dec 19, 2024
    Show notes

    Morgan Housel, New York Times bestselling author of “The Psychology of Money,” joins the show to break down why the holidays are such a stressful time financially – and how we can all navigate it. He also discusses how to shift your mindset around money in the new year, make the most of bonuses, and determine what “spending well” really means for you.

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    Google’s Quantum Breakthrough & The World Cup Goes to Saudi Arabia Dec 16, 2024
    Show notes

    Scott and Ed open the show by discussing why a federal judge blocked Kroger’s acquisition of Albertsons, Warner Bros. Discovery’s decision to restructure its business, and Eli Lilly's plans to test its GLP-1 drug as a treatment for addiction. Then Ed breaks down Google’s innovation in quantum computing, outlining its potential business use cases. Scott explains why the market is responding positively—even as the broader implications remain unclear. Finally, they discuss Saudi Arabia’s successful bid to host the 2034 World Cup and debate whether it’s a smart long-term investment for the country.

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    The Market’s Biggest Risks and Opportunities in 2025 — ft. Tom Lee Dec 12, 2024
    Show notes

    Scott and Ed open the show by discussing Omnicom’s acquisition of Interpublic, an update on the TikTok ban, and OpenAI’s new ChatGPT pro subscription. Then Tom Lee, the co-founder, managing partner and head of research at Fundstrat Global Advisors, joins the show to discuss his outlook for 2025, including why the S&P might hit 7,000 next year before retreating in the second half. He explains why he thinks small and mid-cap stocks will be successful, and why he believes the dollar could maintain dominance in a more Bitcoin friendly world. Tom also breaks down the potential downsides of AI, tariffs, and the Department of Government Efficiency.

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    The UnitedHealthcare CEO Shooting, Amazon Takes On Nvidia, & 12 Days of OpenAI Dec 09, 2024
    Show notes

    Scott and Ed open the show by discussing Saleforce’s earnings, Meta’s venture into nuclear energy, and the killing of UnitedHealthcare CEO Brian Thompson. Then Scott breaks down Amazon's decision to build a supercomputer, explaining why it’s a win for shareholders and a potential game-changer for reducing AI infrastructure costs. Ed explains why he thinks Amazon could be one of the first companies to truly disrupt the semiconductor market. Finally, they discuss OpenAI’s decision to go into livestreaming and explain what its surge in popularity could mean for the future of content creation.

    Order "The Algebra of Wealth," out now

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