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Prof G Markets

The Trump Fold & Tesla’s Brand Death

28 Apr 2025

Description

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 first-quarter report, why the markets reacted so positively to the terrible results, and the key moments from the earnings call.  Subscribe to the Prof G Markets newsletter  Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on InstagramFollow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcription

Full Episode

0.828 - 21.049 Narrator

Support for the show comes from Public.com. If you're serious about investing, you need to know about Public.com. That's where you can invest in everything, stocks, options, bonds, and more. And even under 6% or higher yield that you can lock in with a bond account. Visit Public.com slash PropG and get up to $10,000 when you transfer your old portfolio. That's Public.com slash PropG.

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21.389 - 43.128 Narrator

Prof G. Paid for by Public Investing. All investing involves the risk of loss, including loss of principal. Brokered services for U.S. listed registered securities, options, and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA, and SIPC. Complete disclosures available at public.com slash disclosures. I should also disclose I am an investor in Public Investing.

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46.035 - 65.504 Kenny Beecham

What's up, y'all? It's Kenny Beecham. We are currently watching the best playoff basketball since I can't even remember when. This is what we've been waiting for all season long. And on my show, Small Ball, I'll be breaking down the series matchups, major performances, in-game coaching decisions, and game strategy and so much more for the most exciting time of the NBA calendar.

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65.924 - 72.007 Kenny Beecham

New episodes through the playoffs available on YouTube and wherever you get your podcasts. Subscribe to Small Ball with Kenny Beecham so you don't miss a thing.

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73.168 - 113.554 Narrator

Today's number, 283. That's the percentage increase in viewership of the movie Conclave, the day after Pope Francis died. Ed, what does a priest's scrotum look like? Oh, boy. I don't know. I don't know. What does a priest's scrotum look like? Come on, man. Every child knows that. Welcome to Prop G Markets. Rest in peace, El Papa. Rest in peace. I just love that JD Vance killed the Pope.

114.135 - 129.803 Narrator

I absolutely love that. It answers the fuck, marry, kill, right? We got the couch. We got his wife. Now we got the kill. I'm recycling everything. I'm a walking meme right now, Ed. I'm a walking meme. What's going on with you? It's time for banter. Let's see, what is going on with me?

129.823 - 144.906 Ed

I hang out with Anthony Scaramucci yesterday, which is very fun. The Mooch? Where did you hang out with Anthony? I went to his office, went to Skybridge. He took me around, showed me all of his paraphernalia and his books. And by the way, I learned that Anthony was a classics major.

145.046 - 165.236 Narrator

Yeah, he's actually – he has sort of this Long Island feel about him, but he's – not that Long Island people aren't well-read, but he's very – you get the sense he's kind of a blue-collar guy. He's actually very well-read and very intelligent. I like him a lot. I'm a huge fan of his. Let me guess, you're starting a podcast. The rest is Ed. Isn't this something?

165.776 - 166.596 Ed

The rest is father.

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