Why Markets Aren’t Scared of Kevin Warsh

Prof G Markets

Prof G Media & Vox Media

Investing, Entrepreneurship, Business

4.3 • 1.4K Ratings

🗓️ 3 February 2026

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ed Elson speaks with Mark Zandi, Chief Economist at Moody’s Analytics, about Trump’s pick of Kevin Warsh for chair of the Federal Reserve. Then, he breaks down why Disney’s stock fell after its earnings with Rich Greenfield, Partner and TMT Analyst at Lightshed Partners. Finally, Ed explains why he thinks gold is behaving like a memestock. Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Today's number 35.
0:02.6	That's Punx-a-Torny Phil's percentage accuracy rate
0:05.8	in predicting either a longer winter or an early spring.
0:10.1	A reminder that our nation's foremost meteorologist
0:13.4	is a large rodent who makes guesses.
0:16.4	And so is our president.
0:19.6	Money markets met. If money is evil, then that building is hell.
0:23.6	The show goes up.
0:25.6	The fact you never watch that.
0:27.6	So, sell.
0:28.6	So.
0:29.6	Welcome to Profi Markets.
0:30.6	I'm Ed Elson.
0:31.6	It is February 3rd.
0:32.6	Let's check in on yesterday's market vitals.
0:35.6	The major indices climbed after data showed manufacturing activity expanded the most in nearly
0:41.6	four years.
0:42.9	Treasury yields also rose, as did the dollar.
0:45.9	Meanwhile, the gold and silver sell-off moderated more on that in a moment.
0:49.5	And finally, President Trump said the US and India have reached a trade deal and are lowering tariffs
0:55.6	immediately.
0:57.9	Okay, what else is happening?
	...

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