Slate Money - Theories on Trump’s Trading Frenzy
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 23 May 2026
⏱️ 53 minutes
🧾️ Download transcript
Summary
This week: It was revealed that Donald Trump’s investment portfolio made a stunning 3,600 trades in one quarter. Felix Salmon, Elizabeth Spiers, and Emily Peck, discuss theories on why the hell anyone would do this and whether it’s just weird or actually sinister. Then, they’ll get into the question of if it’s actually possible to “vote with your dollars” in the wake of the news that the famously sustainable brand Everlane is likely being sold to fast fashion behemoth Shein. And finally, they examine the shift in the online media landscape and the rise of the clipping economy.
In the Slate Plus episode: SpaceX goes public.
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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! Welcome to Slate Money, your guide to the business and finance news of the week. I'm |
| 0:13.9 | Felix Ammon of Bloomberg. I'm here with Emily Peck of Axios. Hello, hello. I'm here with Elizabeth |
| 0:19.6 | Spires of New York Times. |
| 0:21.4 | Hello. |
| 0:21.9 | We have one important professional piece of news to make this week, which is that Emily Peck has a new co-author on her newsletter. |
| 0:30.5 | Yeah, that's true. On Axios Markets, please subscribe. I have a new but kind of old co-author called Matt Phillips. |
| 0:39.0 | He rejoins Axios Markets. |
| 0:41.1 | He was at Robin Hood's Sherwood website for the past couple of years. |
| 0:45.2 | And before that, he was at Axios with me and Felix. |
| 0:47.9 | And now he has returned. |
| 0:49.5 | So if you subscribe to Axios Markets, you will get stories from both of us. |
| 0:53.8 | He's going to be like concentrating |
| 0:55.6 | more on the marketsy-marketsy side of things because that's what he does and he does it very well. |
| 1:01.2 | So we're going to see whether we're going to get him on the show maybe sometimes. Yeah, that would be |
| 1:05.7 | amazing. Anything is possible. But this week, we're going to talk about the thing that all those Robin Hood people do, |
| 1:13.0 | which is trading a lot. I wonder how many Robin Hood people trade 3,600 times a quarter. |
| 1:19.5 | We're going to talk about a very famous person who's traded 3,600 times a quarter and what |
| 1:24.4 | that could possibly mean. We are also going to talk about the whole idea that |
| 1:29.2 | shopping can be political in a way that you express your political views pegged to this |
| 1:33.9 | rumored acquisition of Evelyn Baishian. We are going to talk about clipping, which is the new |
| 1:40.8 | advertising. It's the new way that you get people to think that they are developing their tastes organically, |
| 1:46.2 | when in fact it's all controlled by shadowy figures. |
... |
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