Trump’s Iran Crisis Just Took a Dangerous Turn as Markets Brace for Impact

About this episode

Scott Galloway and Jessica Tarlov discuss the escalating Iran crisis, economic impacts, and major news events including the NBA Finals and SpaceX's IPO.

In the wake of Game 4 of the NBA Finals, which saw the New York Knicks mount the largest comeback in Finals history to win the game, Jessica Tarlov gives Scott Galloway an update on Knicks fever from the streets of New York City. Then, Scott and Jessica talk about how the fragile ceasefire between the U.S. and Iran is showing signs of collapse after yet another round of attacks. President Trump is now threatening to hit Iran “VERY HARD TONIGHT.” At the same time, Americans are feeling the economic impact at home. Inflation rose 4.2% in May — the highest monthly increase in three years — and that’s on top of gas prices and summer travel costs surging as the Iran conflict drags on. Scott and Jessica also discuss what is poised to be the biggest IPO in history as SpaceX prepares to go public — potentially creating thousands of new millionaires overnight. But is this IPO actually just a way to leave retail investors holding the bag? Plus: Bill Gates testifies about Jeffrey Epstein before Congress — but behind closed doors — as new reporting reveals the panic over the Epstein files release inside Trump’s White House, and the pressures the administration felt from the MAGA base. The…

People in this episode

Host: Scott Galloway

Guest: Jessica Tarlov

Topics covered

• Iran conflict
• NBA Finals
• economic impact
• SpaceX IPO
• Bill Gates testimony
• mail-in voting
• World Cup

Keywords

• Trump
• Iran
• inflation
• SpaceX
• Bill Gates
• NBA Finals
• mail-in voting
• World Cup

Mentioned in this episode

Organizations: SpaceX, U.S. Postal Service

Places: Iran, United States, New York City

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• The Hidden Costs of Trump’s Hollowed-Out Foreign Policy · June 2, 2026 · 48 min
• Trump’s Dumb Midterms Strategy and Platner’s Sexting Scandal · June 1, 2026 · 44 min
• Trump Cornered On Iran, Newsom Pushes Back on Slush Fund · May 28, 2026 · 46 min