May 1st, 2026: IRAN IN “DEATH SPIRAL”: Economy Crumbling Fast & A Russia-Ukraine Ceasefire?

The President's Daily Brief

The First TV

News, Politics

4.7 • 3.2K Ratings

🗓️ 1 May 2026

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of The President's Daily Brief: First up—new signs Iran’s economy is entering what some analysts are calling a “death spiral,” as soaring inflation, mass unemployment, and a collapsing currency pile pressure on the regime amid war and blockade. Later in the show—Trump and Putin float a temporary cease-fire in Ukraine, even as Kyiv launches a long-range strike deep inside Russian territory, raising fresh doubts about whether any pause in fighting can hold. Plus—as war intensifies in Mali, analysts are warning jihadist groups could be on the verge of carving out an African caliphate, as militants push closer to the capital and security forces struggle to hold the line. And in today’s Back of the Brief—the Pentagon reveals the cost of U.S. military operations in Iran has already reached 25 billion dollars, with that number expected to climb as the conflict continues. To listen to the show ad-free, become a premium member of The President’s Daily Brief by visiting https://PDBPremium.com. Please remember to subscribe if you enjoyed this episode of The President's Daily Brief. YouTube: youtube.com/@presidentsdailybrief Chapter: Compare every medicare plan call 915-671-5252 today! Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact https://Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Cardiff: Get fast business funding without bank delays—apply in minutes with Cardiff and access up to $500,000 in same‑day funding at https://Cardiff.co/PDB Tax Relief Advocates: End your tax nightmare today by visiting us online at https://TRA.com or call 800-583-6515 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:29.9	Today. It's Friday, the first of May.
0:44.3	Well, known in many parts of the world as May Day, celebrated in some places as International Workers' Day, of course.
0:51.5	And in other countries, it's the traditional spring festival, an original pagan holiday. How about that? So get out there and dance around the maypole, or, well, however you celebrate. Welcome to the President's Daily Brief. I'm Mike Baker, your eyes and ears on the world stage. All right, let's get briefed. First up, new signs that Iran's
1:14.4	economy is entering what some analysts are calling a, quote, death spiral with soaring inflation,
1:20.9	mass unemployment, and growing pressure on the regime. Later in the show, Trump and Putin float a
1:26.9	temporary ceasefire in Ukraine, even as
1:29.9	Kiev strikes deep into Russian territory. Plus, as war intensifies in Mali, analysts warn
1:37.0	jihadist groups could be on the verge of carving out an African caliphate. And in today's
1:43.3	back of the brief, the Pentagon officially estimates
1:46.1	the cost of the Iran conflict to date. And trust me, it's a lot of fat stacks. About $25 billion
1:53.6	worth. But first, today's PDB spotlight. Iran's economy is beginning what some analysts are calling a, quote, death spiral,
2:02.3	and the pressure is coming from all sides. According to new reporting from Wall Street Journal,
2:07.1	the combination of war, a U.S. naval blockade, and internal dysfunction, is pushing Iran into one
2:14.1	of the most severe economic crises it's faced in decades. More than one million
2:19.2	people are now out of work directly, with another million impacted indirectly. At the same
2:25.2	time, inflation has surged to roughly 67%. That's 67. Oh, 67. And the country's currency has
2:32.6	collapsed to around 1.8 million reels to the dollar.
	...

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