As the War Nears Its Legal Limit, Trump Pushes Presidential Power Further

As the War Nears Its Legal Limit, Trump Pushes Presidential Power Further

April 30, 2026 · 36 min

About this episode

Scott Galloway and Jessica Tarlov discuss the implications of Trump's actions regarding the ongoing war in the Middle East and its legal ramifications, alongside economic impacts and political developments in the U.S.

Scott Galloway and Jessica Tarlov break down a rapidly escalating moment at home and abroad, as his war in the Middle East continues to seem like it will be going on for a while. Iran’s leadership has issued another direct threat as Donald Trump ramps up his rhetoric and pushes for a broader deal — even as the war hits its 60-day mark, raising serious legal questions under the War Powers Resolution. Meanwhile, oil prices surged, and Wall Street doesn’t appear confident that a resolution will be reached anytime soon. Some investors are coining a new term: “NACHO” (“Not A Chance Hormuz Opens”). Scott and Jess unpack what that means for your wallet, global markets, and whether economic pressure could force a policy shift. Back home, the Federal Reserve voted in a rare 8–4 split, signaling internal disagreement about the future direction of interest rates. Outgoing Fed chair Jerome Powell gave a press conference, warning about the threat posed by political interference in the activities of the central. What comes next with a new guy in charge — Kevin Warsh — and what might Trump try and do in response to rising gas prices? Plus: Republicans push aggressive redistricting in Florida…

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