Megayacht Foam Parties Are In

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 28 June 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: Zohran Mamdani won the Democratic primary in the race for New York City mayor. Felix Salmon, Emily Peck and Elizabeth Spiers discuss the alarmist reactions from business leaders to the Mamdani’s win and why he’s hardly the threat to capitalism they make him out to be. Then, Trump has turned his sights on Jay Powell once again, threatening to prematurely name his successor for Fed Chair. The hosts break down why this “shadow chair” tactic is unlikely to work. And finally, mega-billionaire Jeff Bezos is finally marrying his beloved Lauren Sanchez in an over-the-top, star-studded wedding in Venice. Whatever happened to stealth wealth and quiet luxury? In the Slate Plus episode: The MAGA Blue Collar Obsession Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome to sleep money, your guide to the business and finance news of the week.
0:18.4	I'm Felix Sam and of Axios. No, I'm not. I'm not of Axios anymore. I'm sitting on
0:24.9	my European sojourn. I'm Felix Salmon of absolutely nowhere except for Slate Money. I am here with
0:31.6	Emily Peck of Axios. Emily, how's Axios these days? Well, it's not the same without you, Felix. Hello.
0:38.3	I'm here with Elizabeth Spires of New York Times and other places.
0:42.3	Hello.
0:43.3	And we are going to talk about Jeff Bezos, of course, in his wedding,
0:47.3	because that's the main news of the week.
0:49.3	But also we're going to talk about the Central Bank and whether it makes sense to Donald Trump
0:53.3	to say who the new Fed
0:56.1	chair is going to be long in advance.
0:58.4	We have a slate plus segment on blue collar workers and training them up and filling
1:03.3	this new manufacturing workforce.
1:04.9	But first, we are going to have a statement on New York City, which is where we all live
1:09.7	and work and what just happened in the election here.
1:13.2	So it's all coming up on Slate Money.
1:21.0	Exclusively on Disney Plus.
1:27.2	It's hard and it's brutal, and that's what makes it special.
1:30.3	The multi-award winning series, FX's the Bear, is back for a brand new season.
1:36.3	Upon my signal, unleash hell.
1:40.3	And every second counts.
1:42.3	When that shows zero, this restaurant ceases operations.
	...

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