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Prof G Markets

Why the Pentagon Is Hiring Wall Street Bankers

Prof G Markets

Prof G Media & Vox Media

Entrepreneurship, Investing, Business

4.31.4K Ratings

🗓️ 17 March 2026

⏱️ 32 minutes

🧾️ Download transcript

Summary

Ed Elson speaks with Liz Hoffman about the Defense Department’s new economic defense unit. Then he is joined by Miriam Gottfried to discuss the $10 billion fee the Trump administration received for brokering the TikTok deal. Finally, Ed shares his reflections on his time at SXSW.  Miriam Gottfried is a reporter at The Wall Street Journal. Liz Hoffman is Semafor’s Business and Finance Editor, and host of Compound Interest. 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

Support for the show comes from VCX, the public ticker for private tech.

0:04.7

The U.S. stock market started history's greatest wave of wealth creation.

0:08.0

From factory workers in Detroit to farmers in Omaha, anyone could own a piece of the great American companies.

0:13.7

But today, our most innovative companies are staying private longer, which means everyday Americans are missing out, until now.

0:20.3

Introducing VCX, a public ticker for private tech.

0:23.9

Visit getvcx.com for more info.

0:26.5

That's getvcx.com.

0:29.0

Carefully consider the investment materials before investing,

0:31.2

including objectives, risk, charges, and expenses.

0:33.8

This and other information can be found in the funds perspective at getVcx.com.

0:38.3

This is a paid sponsorship.

0:42.5

Support for the show comes from Hostinger.

0:45.2

You might dream about launching the next big thing one day,

0:48.5

or with Hostinger, you can turn that one day into day one.

0:53.1

Hostinger is an all-in-one platform that brings everything into

0:56.7

one place, your domain, website, email marketing, AI tools, and AI agents, and you can go live

1:03.5

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1:15.1

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1:29.0

Support for today's show comes from Dell.

1:31.4

Dell PCs with Intel Inside are built for the moments you plan and the ones you don't.

1:36.6

There for those all-night study sessions, the moments you're working from a cafe and realize

...

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