Best Michael Cembalest Podcasts (2025)

1
The Sell America Thesis — ft. JPMorgan’s Michael Cembalest 1:17:56

8d ago1:17:56

1:17:56

Scott and Ed discuss Trump’s tariffs on films produced outside the U.S., OpenAI scrapping its plans to become a for-profit company, and Warren Buffett’s decision to step down as CEO of Berkshire Hathaway. Then Michael Cembalest, the Chairman of Market and Investment Strategy for JPMorgan Asset & Wealth Management, joins the show to unpack how macro…

1
Why the U.S. Can’t Break Up with China — ft. Alice Han 1:04:20

3h ago1:04:20

1:04:20

Scott and Ed discuss the market’s reaction to Trump’s drug pricing plan, Perplexity’s latest funding round, and Coinbase’s addition to the S&P 500. Then Alice Han, China economist and director at Greenmantle, returns to the show to break down how China views the ongoing trade war. She unpacks the current state of U.S.-China negotiations and why a d…

1
Back to our Regularly Scheduled Programming 29:49

2d ago29:49

29:49

With some kind of tariff equilibrium possibly within reach, we return to some regularly scheduled programming: artificial intelligence and language models which were the primary drivers of equity markets before the trade wars began. View video hereBy Michael Cembalest

1
Is Google a Buy? + Is Uber Recession Proof? 1:01:23

1d ago1:01:23

1:01:23

Scott and Ed discuss Trump’s new trade framework with the U.K., the Federal Reserve’s latest decision, and the Melania coin grift. Then they take a look at Apple’s potential move to replace Google as Safari’s default search engine, unpacking the ripple effects on Google’s stock. Ed lays out his case for why the company is deeply undervalued. Finall…

1
Blockbuster Week For Big Tech Earnings + Can the U.S. Fix Its Student Debt Crisis? 1:11:19

11d ago1:11:19

1:11:19

Scott and Ed discuss the latest U.S. GDP report, new data on China’s factory activity, and the launch of Amazon’s new internet satellites. Then they turn to Big Tech earnings, breaking down first quarter results from Apple, Amazon, Microsoft, and Meta. Finally, they examine the Trump administration’s decision to resume forced collections on default…

1
Dogespierre Has Left The Building: DOGE’s impact on US government spending; Spanish Power outage; Trump Tracker 26:07

14d ago26:07

26:07

Like his predecessor Robespierre, Dogespierre (Elon Musk) also brought down the proverbial guillotine with indiscriminate cuts to Federal employment, contracts, leases and grants. With Dogespierre now stepping back to spend more time on his core businesses, we take an early look at DOGE’s impact on US government spending, the likely overestimation …

1
What to Buy When the Tech Sector is On Sale — ft. Mark Mahaney 1:05:22

15d ago1:05:22

1:05:22

Scott and Ed discuss Huawei’s new challenge to Nvidia, Apple shifting U.S. iPhone production from China to India, and Spotify’s Q1 earnings report. Then Mark Mahaney, senior managing director and head of internet research at Evercore, returns to the show to share his top internet stock picks. He explains why he believes Google is the cheapest of bi…

1
The Trump Fold & Tesla’s Brand Death 1:04:34

18d ago1:04:34

1:04:34

Scott and Ed discuss Trump’s decision to invite the top holders of his memecoin to a private dinner, Boeing’s first quarter earnings, and a new report underscoring the worsening wealth inequality in the U.S. Then, they explore how Trump’s policy reversals are undermining America’s global reputation in the markets. Finally, they break down Tesla’s f…

1
Why Trump Will Back Down on China Tariffs — ft. Ryan Petersen 1:08:21

22d ago1:08:21

1:08:21

Scott and Ed discuss the rally in the Euro and German bonds, Chinese state-backed funds pulling out of U.S. private equity, and Bill Ackman’s investment in Hertz. Then Ryan Petersen, the founder and CEO of Flexport, a leader in global supply chain management, joins the show to unpack the real-world impact of tariffs on American businesses. He break…

1
Global Pushback on Tariffs + Can the FTC Beat Meta? 1:06:20

25d ago1:06:20

1:06:20

Scott and Ed discuss gold hitting a record high, the Trump administration’s new restrictions on chip exports, and Jerome Powell’s comments on tariffs. Then, they unpack how other nations are pushing back against the tariffs, highlighting Trump’s key strategic missteps—including his underestimation of global rivals. Finally, they dissect the key mom…

1
Breaking Down Warning Signals from the Bond Market — ft. William Cohan 1:00:05

29d ago1:00:05

1:00:05

Vote for Prof G Markets at the Webby Awards Scott and Ed discuss how the markets reacted to Trump’s tariff exemption on smartphones and computers, the dollar falling to a three-year low, and first quarter bank earnings. Then William Cohan, New York Times bestselling author and founding partner of Puck, joins the show to unpack the latest developmen…

1
What to Do in the Wake of Trump’s Tariff Pause 1:02:57

1M ago1:02:57

1:02:57

Scott and Ed dive into the ongoing trade war, unpacking how markets reacted to Trump’s 90-day tariff pause and the broader turmoil with China. They break down what may have just been the greatest day of insider trading in history, assess the damage to American 401Ks, and explore what likely drove Trump to hit pause on the tariffs. Scott also offers…

1
Tariff Chaos & Trading on Inequality — ft. Gary Stevenson 1:14:37

1M ago1:14:37

1:14:37

Scott and Ed dive in and break down the massive volatility in the markets this week due to Trump’s tariffs. Then Gary Stevenson, host of the Youtube channel Gary’s Economics, joins the show to break down the roots of wealth inequality. He explains what he learned from the 2008 financial crisis, offers ideas for what could help bring back a strong m…

1
The $6.6 Trillion Sell-off 1:08:38

1M ago1:08:38

1:08:38

Scott and Ed dig into the rubble of the record breaking $6.6 trillion sell-off following Trump’s tariffs announcements. They break down how Trump determined the tariff rates, what the tariffs will do to company earnings and the real economy, and offer advice on how to deal with turmoil in the markets as an investor. Vote for Prof G Markets at the W…

1
Unpacking policy uncertainty 24:11

1M ago24:11

24:11

This episode hosted by David Lebovitz features a discussion with Dr. David Kelly, chief global strategist at J.P. Morgan. It covers topics such as the economic outlook for 2025, the impact of U.S. immigration and trade policies, and potential fiscal and regulatory changes under the new administration. The conversation also touches on the implicatio…

1
A Nightmare Tariff Scenario for the Auto Industry — ft. Tim Higgins 59:22

1M ago59:22

59:22

Ed opens the show by discussing Trump’s tariffs, xAI’s purchase of X, and OpenAI’s record-breaking funding round. Then Tim Higgins, Wall Street Journal columnist covering the automobile industry, joins the show to break down how the auto tariffs will impact the car industry and the broader economy. He shares his take on who stands to benefit from t…

1
Redacted 13:00

1M ago13:00

13:00

Straight talk from the CEO front lines on Liberation Day. Almost all the news on tariffs and declining CEO business confidence that’s fit to print, with only a few minor redactions. View video hereBy Michael Cembalest

1
GameStop Buying Bitcoin, an Activist Play at Lyft, & Gen Z Unemployment 1:03:36

2M ago1:03:36

1:03:36

Scott and Ed open the show by discussing Delaware's changes to its corporate governance laws, Waymo’s expansion into Washington D.C., and GameStop's decision to add bitcoin to its treasury reserves. Then they analyze Engine Capital’s activist push at Lyft, offering insights and strategic suggestions on how the rideshare company can strengthen its b…

1
Unpacking Germany’s Historic U-Turn on Spending — ft. Carsten Brzeski 1:04:05

2M ago1:04:05

1:04:05

Scott and Ed open the show by discussing Apple’s $1 billion annual loss on AppleTV+, Silver Lake’s move to take Endeavor private, and Nike’s latest earnings report. Then Carsten Brzeski, Global Head of Macro Research and Chief Eurozone Economist for ING, joins the show to break down Germany’s political and economic landscape. He unpacks the growing…

1
Has a Global Market Rotation Begun? + Inside the Ultra-Luxury Hotel Industry 1:03:03

2M ago1:03:03

1:03:03

Scott and Ed open the show by discussing the federal reserve’s interest rate decision, the Professional Tennis Player Association's lawsuit, and BYD’s new charging technology. Then they analyze Germany’s decision to boost defense spending while lifting its debt limit, unpacking the market’s reaction and broader economic implications. Finally, they …

1
Searching For Value Outside the U.S. — ft. Lyn Alden 1:00:50

2M ago1:00:50

1:00:50

Ed and Scott open the show by discussing Klarna’s IPO, Google’s acquisition of cybersecurity startup Wiz, and Lip-Bu Tan’s new plan for Intel. Then Lyn Alden, independent analyst and the author of Broken Money, returns to the show to break down the latest stock market correction, explaining why it’s a natural part of the market cycle. She explores …

1
The S&P 500 Enters Correction Territory 58:39

2M ago58:39

58:39

Scott and Ed open the show by discussing Southwest Airlines' decision to start charging for checked bags, Eric Schmidt’s appointment as CEO of Relativity Space, and the latest developments in Saudi Arabia’s Neom project. They then analyze the ongoing tariff battle, exploring its biggest potential consequences and why Scott believes China could ulti…

1
Are We Headed For a Recession? + How Tariffs Hurt Housing (Live at SXSW) 1:06:03

2M ago1:06:03

1:06:03

From the Vox Media Podcast stage at SXSW, Ed and Scott discuss Apple’s decision to delay AI updates for Siri, Sony’s fight against deepfakes, and why the United States is considering banning DeepSeek. They then break down why the big banks are predicting an increased recession risk, exploring the recent pain in the stock market and the potential fa…

1
Fifty Days of Grey 18:07

2M ago18:07

18:07

Here’s the interesting thing about the stock market: it cannot be indicted, arrested or deported; it cannot be intimidated, threatened or bullied; it has no gender, ethnicity or religion; it cannot be fired, furloughed or defunded; it cannot be primaried before the next midterm elections; and it cannot be seized, nationalized or invaded. It’s the u…

1
Has Apple Lost Its Mojo? + BlackRock’s $23B Bet on the Panama Canal 57:46

2M ago57:46

57:46

Scott and Ed open the show by discussing Disney’s latest round of layoffs, why a private equity firm is taking Walgreens private, and Ontario’s decision to cancel its Starlink contract. They then analyze BlackRock’s decision to buy the ports on either side of the Panama Canal, breaking down why it could be a highly profitable move. They also discus…

1
The Next Era Of Antitrust — ft. DOJ’s Jonathan Kanter 1:04:01

2M ago1:04:01

1:04:01

Ed and Scott open the show by discussing why European defense stocks surged following Trump's meeting with Zelensky, the announcement of a U.S. crypto reserve, and the latest tariffs targeting Canada and Mexico. Then Jonathan Kanter, former Assistant Attorney General for the Antitrust Division of the U.S. Department of Justice, joins the show to br…

1
Heliocentrism: Objects may be further away than they appear 19:58

2M ago19:58

19:58

Solar capacity is booming around the world, both utility scale and residential applications, and is often accompanied by energy storage whose costs are declining as well. Yet after $9 trillion globally over the last decade spent on wind, solar, electric vehicles, energy storage, electrified heat and power grids, the renewable transition is still a …

1
Nvidia Earnings are the Super Bowl of Business + Trump’s $5 Million Gold Card 54:12

2M ago54:12

54:12

Follow Prof G Markets: Apple Podcasts Spotify Scott and Ed open the show by discussing Tesla’s shrinking market cap, Berkshire Hathaway’s record-breaking tax bill, and BP’s pivot back to fossil fuels. Then they break down Nvidia’s earnings, explaining why investors weren’t impressed even though the company surpassed expectations. Ed shares why he s…

1
Why Tariffs Could Crush Canada’s Economy — ft. Mike Moffatt 1:03:09

3M ago1:03:09

1:03:09

Ed and Scott open the show by discussing Apple’s new investment in “American innovation,” Howard Lutnik’s decision to put his sons in charge of Cantor Fitzgerald, and a new Moody’s Analytics report on U.S. consumer spending. Then Mike Moffatt, Founding Director of the University of Ottawa's "Missing Middle Initiative” and former economic adviser to…

1
Is Breaking Up Intel The Right Move? + The New Gold Rush 1:02:48

3M ago1:02:48

1:02:48

Ed and Josh Brown, co-founder and CEO of Ritholtz Wealth Management, open the show by discussing January’s housing starts data, X’s latest funding round, and the growing wave of companies emulating MicroStrategy’s approach to bitcoin. Then Josh unpacks the potential breakup of Intel. He breaks down how Intel’s leadership struggles led to its declin…

1
Why Chaos Has Become an Economic Strategy — ft. Kyla Scanlon 47:28

3M ago47:28

47:28

Ed opens the show by discussing Shein’s potential valuation cut, South Korea’s crackdown on DeepSeek, and the controversy surrounding Javier Milei’s promotion of a memecoin. Then Kyla Scanlon, author of “In This Economy? How Money and Markets Really Work”, returns to the show to unpack the concept of “FAFOnomics” and explore Gen Z’s growing concern…

1
Is Reddit Undervalued? + Netflix Goes After Podcasts 1:02:18

3M ago1:02:18

1:02:18

Scott and Ed open the show by discussing the latest inflation report, the rise of tuition at private schools and the EU’s investment in AI. Then they break down Reddit’s earnings, explaining why the company has significant room for growth. Scott and Ed also discuss Netflix's potential move into podcasting, examining why high-quality video is the ne…

1
From Here to Eternity 10:30

3M ago10:30

10:30

From Here to Eternity: tracking Trump’s economic, market and constitutional milestones Whether you’re elated or despondent about the blizzard of changes taking place in Washington, let me remind you of something: two years is an eternity in US politics. In this month’s note, we include a Trump policy impact tracker, and an assessment of the statuto…

1
The State of Trade with China — ft. Alice Han 1:03:28

3M ago1:03:28

1:03:28

Scott and Ed open the show by discussing the aluminum and steel tariffs, Trump’s plan to close the carried interest loophole, and Elon Musk’s bid for OpenAI. Then Alice Han, China economist and director at Greenmantle, returns to the show to break down the potential impact of Trump’s tariffs on China’s economy. She explains how China’s weak consume…

1
Spotify’s First Year of Profitability + Is Google Losing its Edge? 57:28

3M ago57:28

57:28

Scott and Ed open the show by discussing Disney, Novo Nordisk and Uber’s earnings. Then they break down Spotify’s results and discuss Chappell Roan’s Grammy speech criticizing the music industry. Scott outlines how she could drive real impact in the industry, while Ed explains why he doesn't think Spotify is to blame for the struggle of artists. Fi…

1
The Trouble With Tariffs + Why Palantir Could Dominate AI — ft. Aswath Damodaran 1:04:29

3M ago1:04:29

1:04:29

Scott and Ed open the show by discussing the potential tariffs on Mexico and Canada, Palantir’s earnings, and Vanguard’s largest fee cut ever. Then Aswath Damodaran, professor of finance at NYU’s Stern School of Business, returns to the show to analyze how DeepSeek’s rise reshapes the AI landscape. He shares why he hasn’t valued Palantir yet but st…

1
Meta & Microsoft Brush Off DeepSeek + Starbucks Stages a Comeback 54:43

3M ago54:43

54:43

Scott and Ed open the show by discussing the White House’s employee buyout, Starbucks’ fourth quarter earnings, and the beta launch of T-Mobile’s exclusive Starlink deal. Then they break down Meta, Microsoft, and Tesla’s earnings, and examine why big tech has yet to adjust its spending plans in response to the DeepSeek drawdown. Order "The Algebra …

1
Winners and Losers After DeepSeek — ft. Robert Armstrong 59:43

4M ago59:43

59:43

Scott and Ed open the show by discussing the stock market’s reaction to DeepSeek’s arrival, a record in private equity stake sales, and the rising unemployment rate among recent MBA graduates. Then Robert Armstrong, U.S. financial commentator for the Financial Times, returns to the show to break down the winners and losers of the DeepSeek trade. He…

1
Project Stargate & The Rise of Oracle + Scott’s Stake in La Equidad Football Club 51:51

4M ago51:51

51:51

Scott and Ed open the show by discussing Netflix’s fourth quarter earnings, Johnson and Johnson’s latest earnings call, and potential TikTok bidders. Then Scott breaks down the new Stargate initiative, explaining how it served as a strategic branding victory for the Trump administration and will likely enhance Oracle’s influence within the tech ind…

1
$TRUMP, What’s Next For TikTok, and The State of the Streaming Wars — ft. Rich Greenfield 55:09

4M ago55:09

55:09

Scott and Ed open the show by discussing how the markets reacted to the inauguration, Trump and Melania’s new meme coins, and a record-breaking year for investment in global ETFs. Then Rich Greenfield, Partner and Media & Technology Analyst at LightShed Partners, joins the show to discuss the shifting media landscape. He predicts what will happen t…

1
Inauguruption: the flurry of Trump 2.0 executive orders 19:45

4M ago19:45

19:45

Trump 2.0 is a hodgepodge of distinctly American political strains: the bare-knuckled nationalism and anti-elitism of Andrew Jackson, the tariff-loving protectionism of William McKinley, the small-government/pro-business policies of Calvin Coolidge, the unforgiving enemies lists of Richard Nixon, the deportation policies of Dwight Eisenhower, the m…

1
The TikTok Showdown, UnitedHealth’s First Earnings Post-Shooting, and a Banking Boom 47:40

4M ago47:40

47:40

Scott and Ed open the show by discussing the latest inflation report, Meta’s next round of layoffs, and the uncertain future of TikTok. Then Scott breaks down United Health’s first earnings call since the killing of executive Brian Thompson, explaining why the company appeared to downplay its successful year. He delves into how profit incentives in…

Podcasts Worth a Listen

Michael Cembalest Podcasts

Podcasts Worth a Listen

Quick Reference Guide