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Slate News

Slate Money - The Hyundai ICE Raid

Slate News

Slate Podcasts

Politics, News, News Commentary

4.56K Ratings

🗓️ 13 September 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

This week: ICE raided a Hyundai plant in Georgia. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss the somewhat hamfisted raid that detained hundreds of South Korean workers–disrupting both Hyundai’s operations and the local economy–and the potential fallout if foreign companies see this as a reason to avoid investing in the US. Then, Oracle’s stock surged this week thanks to its AI deals, bringing it close to a trillion dollar valuation and briefly making Larry Ellison the richest man in the world. They dive into Oracle actually does and whether it’s really worth the rarified distinction of being a trillion dollar company. And finally, JP Morgan is about to open its incredibly fancy new headquarters at 270 Park Avenue and Felix hates it. The hosts discuss the landscape of massive bank buildings in New York City and the extremely plush amenities 270 Park  will be offering to keep workers on site. 

In the Slate Plus episode: Zuckerberg (Mark E.) v. Zuckerberg (Mark S.)

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.



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to Slate Money, your guide to the business and finance news of the week. I'm

0:18.3

Felix Hammond of Bloomberg. Yes, you heard that right.

0:21.6

I have this new job if you missed it last week.

0:23.9

I am here with Elizabeth Spires of New York Times.

0:28.1

Hello.

0:28.8

I'm here with Emily Peck of Axios.

0:31.3

Hello, hello.

0:32.0

And we are all in New York City,

0:34.4

which has 3.775 million homes.

0:37.4

You will understand that number if you

0:39.3

continue listening. We are going to talk this week about the ice raids on Hyundai in Georgia.

0:46.3

We're going to talk about the astonishing up into the right nature of Oracle stock this week

0:52.5

and why that happened. We are going to talk about J.P. Morgan's new headquarters.

0:57.6

We have a Slate Plus segment on Zuckerberg versus Zuckerberg.

1:02.6

It's a fun one this week, and it's all coming up on Slate Money.

1:11.0

This episode is presented by eBay.

1:14.8

Rob.

1:15.6

Everyone loves a deal and a bargain from time to time, don't they?

1:18.8

Absolutely, mate.

1:19.5

And do you know where you can grab a great deal?

1:21.9

Talk to me.

1:22.5

Where?

...

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