Permanent Temporary Tariff Regime

Slate Money

Slate Podcasts

Investing, Business

4.1 • 1.1K Ratings

🗓️ 28 February 2026

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: We saw the fallout from the Supreme Court’s ruling that Trump’s tariffs were indeed unconstitutional. Felix Salmon, Elizabeth Spiers, and Emily Peck, weigh in on the decision and the ensuing confusion around what tariff refunds would actually look like. Then, in a surprise twist, Netflix has backed off the Warner Brothers deal, allowing Paramount to swoop in. The hosts explain what set the multi-billion dollar merger off course. And finally, they’ll get into what Blue Owl Capital did to spark a private credit panic.

In the Slate Plus episode: A Retirement Solution for Everyone?

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Podcast production by Jessamine Molli and Cheyna Roth.

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Transcript

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0:00.0	Hello and welcome to Slate Money, your guide to the business and finance news of the last two weeks.
0:18.0	I'm Felix Salmon of Bloomberg. I'm here with Emily Peck of Axios. Hello. I'm here with
0:22.4	Elizabeth Spires of the New York Times. And over the past couple of weeks, there has been a lot of
0:28.5	tariff news. And we are going to unpack it all and explain what it all means and what the Supreme
0:34.2	Court has done and has not done and what Donald Trump has done and has not done.
0:38.2	That is all coming up.
0:39.3	We are also going to talk about what is going on with Warner Brothers Discovery,
0:44.3	which is now, it seems, not going to be bought by Netflix after all.
0:47.8	It is instead going to be bought by the Ellisons and Paramount.
0:51.5	We are going to talk about Blue Owl, which is big private credit fund and whether
0:55.3	it portends a major crisis. We have a Slate Plus segment on the Thrift Savings Plan and whether
1:04.5	it's a wonderful thing that should be available to everyone. It's a fun show this week, so stay tuned.
1:10.3	It's all coming up on Sleep Money.
1:25.6	Okay, so I was in New Zealand last week when the news of the tariff broke and we didn't talk about it last week.
1:33.9	We just talked about random booky things.
1:36.9	And there was part of me thinking, oh, no, this is sad because we're not super all over the news about the tariff.
1:43.0	And then the news kept on changing every day for like seven consecutive days.
1:48.3	And so now I'm actually very happy that we didn't talk about the tariffs last week.
1:52.1	Because at this point, we actually have a vague idea of what has happened rather than just trying to look at 63-page dissents and understand what on earth it all means.
2:02.7	So, Emily, as the only person who's a full-time financial journalist in this group,
2:08.6	how did that happen?
2:09.5	It falls to you, I'm afraid, to try and up some the past sort of week and a half of tariff craziness
	...

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