LA Fires, Trump Trades, TikTok, and Legacy Media’s Fate — ft. Andrew Ross Sorkin

Prof G Markets

Prof G Media & Vox Media

Investing, Entrepreneurship, Business

4.3 • 1.4K Ratings

🗓️ 16 January 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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. Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Amazon offers employees up to £8,000 for education and training, like Juliet.
0:07.0	She's now a trained technician.
0:10.0	And to her, the sound of machinery in need of repair, reminds her of how far she's come.
0:18.0	In two years, she's landed her dream job, providing her with valuable skills.
0:24.2	That's up to £8,000 for education and training at Amazon.
0:28.4	Eligibility conditions apply.
0:30.1	Today is number 2.4 billion pounds.
0:33.4	That's the record amount Brit spent on music last year, which includes subscription and vinyl.
0:38.0	People in the UK haven't spent this much on music since 2001 when CD sales peaked.
0:43.6	Ed, just another story about British media.
0:46.6	What did the Americans say when he was watching the UK porno?
0:49.8	What?
0:50.4	The British are coming.
0:51.5	The British are coming.
0:55.7	It's funny because it's simple.
1:08.8	Welcome to Prop G Markets.
1:11.3	This episode is presented by Funrise.
1:13.9	You can't imagine they're just stick around for long.
1:16.5	And we're speaking with Andrew Ross Sorkin.
1:19.3	This will be the last time.
1:20.5	He's here after he hears that.
1:21.9	Editor at large of Deal Book at the New York Times and co-anchor of CNBC Squampbox.
	...

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