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Impolitic with John Heilemann

Andrew Ross Sorkin

Impolitic with John Heilemann

Audacy | Puck

News, Politics

4.84.5K Ratings

🗓️ 26 April 2022

⏱️ 93 minutes

🧾️ Download transcript

Summary

Andrew Ross Sorkin is arguably the country's most important and influential financial and business journalist — and, without doubt, its most plugged in. Having started his career at the New York Times as intern when he was still in high school, he now presides over DealBook, which began its life in 2001 as a newsletter about Wall Street and the mergers and acquisitions game, but over the past 20 years has grown into a sprawling finance, business, and economic news fiefdom within the larger Times empire. At the same time, Sorkin is a co-anchor of Squawk Box, the daily CNBC morning show avidly watched by titans of industry and hopped-up day traders alike. He is also the author of "Too Big To Fail," the definitive chronicle of the 2007-2008 financial crisis, which was adapted into a star-studded movie of the same name by HBO; a co-creator of the hit Showtime series "Billions"; and is currently developing another film for HBO on the GameStop/Robinhood meme-stock saga. On this episode of Hell & High Water, Heilemann and Sorkin discuss how big business sees the new political era dawning in Washington, DC: from President Biden's $1.9 trillion COVID relief and economic recovery legislation to the possibility of raising the minimum wage to the deep polarization that continues to hobble American politics in the wake (and still under the influence) of Donald Trump. They also dive into the many speculative manias currently gripping the financial markets, whether this latest Big Casino moment presages a long-predicted crash, and what if anything regulators might do about the stunning power being amassed by Big Tech. Finally, Heilemann asks Sorkin to list his top five Wall Street films, and the two men riff on the unique place that the financial masters of the universe occupy in popular culture — as objects of fascination, fetishism, reverence, and revulsion in roughly equal measure. Hosted on Acast. See acast.com/privacy for more information. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

Hey everyone, John Hyleman here and welcome to Hell in High Water.

0:17.7

My podcast for the recount about politics and culture on the edge of Armageddon with

0:21.6

Big Ups my pal Rizza, the presiding genius behind the sound of Uten clan and producer of

0:26.7

our dope theme music.

0:28.7

This week we are taking an unscheduled and unexpected detour off of the main highway

0:33.2

this podcast normally burles down because as interested as we are, pretty much all the

0:38.2

time around Hell in High Water HQ in politics, culture and their intersection.

0:44.0

At this particular moment, the keynide sharp-minded and so-versited crew that makes this show and

0:51.1

their shiftless aimless usually be dragiled and always bourbon-addled boss, that would

0:56.1

be me.

0:57.3

We're in complete and total alignment about our mutual obsession with a slightly different

1:02.0

point of intersection.

1:03.3

The place where business, technology, culture and politics come crashing together.

1:08.6

In particular, we are riveted by the splashy headlines involving two iconic American media

1:13.6

companies, one old, one new, both with truly global reach and influence but each suddenly

1:19.0

caught up in a swirl of events and buffeted by forces that neither truly understands let

1:24.8

alone has a clue how to master.

1:27.1

One of the companies in question, of course, is Disney, which after a stunning spasm of

1:32.4

corporate fecklessness, hypocrisy and sheer incompetence in handling its response to Florida's

1:37.5

so-called, don't say gay bill, is now suffering the egregious public humiliation of being

1:43.6

turned into a punching bag by Ron DeSantis.

1:47.0

The other company, also of course, is Twitter, which just yesterday shocked the world by

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