Prof G Markets
Nvidia Earnings are the Super Bowl of Business + Trump’s $5 Million Gold Card
03 Mar 2025
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 still sees it as a win, despite Nvidia’s stock dipping slightly. They also discuss Trump’s new gold card visa program and explain why demand is more limited than the president thinks. Scott warns that the program could attract shady characters trying to buy their way into America. Subscribe to the Prof G Markets newsletter Join us for a live recording at SXSW Order "The Algebra of Wealth," out now Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices
Full Episode
Buying a house has long been considered the best way to build wealth and move into true adulting.
Isn't it? I mean, at least that's what society wants us to think. Gotta get a Birkin, gotta get a home, you know.
Okay, the handbag you can probably manage without. But what about a house? Surely that's actually good, right? We're going to find out this week on Explain It To Me. New episodes every Sunday morning, wherever you get your podcasts.
Hey, this is Peter Kafka. I'm the host of Channels, a podcast about technology and media and how they're both changing all the time. And this week, I'm trying to figure out how Donald Trump is changing the media in Washington and the courtroom and in the boardroom. On to help me figure it all out is Sarah Fisher, the excellent Washington-based media reporter for Axios.
That's this week on Channels, wherever you get your favorite podcasts.
Today's number, $49 million. That's how much New York City's congestion pricing tolls brought in during the program's first month. This is an actual true story, Ed. When I first moved to New York, my first date was with a woman named Martha who took me to, no joke, a sex club. And one of us had sex, and it wasn't me, Ed. That's a true story. That's not a true story. No, it's a true story.
The club was called Trapeze.
You're going to have to elaborate. It's the final part that I'm really intrigued in.
Met this woman, really interesting woman, nice. I was very attracted to her. And I had this big deck. I lived at one Greenwich, and I had basically this like 700-foot apartment with a 3,000-square-foot deck, see above, single and desperate. And I used to have parties and people, and I met this woman, super hot, seemed super cool. Yeah. Asked her out. Kept asking her out.
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