A.M. Edition for Mar. 24. U.S. allies in the Persian Gulf are tightening the screws on Tehran in response to persistent attacks. Rystad Energy’s Jorge León explains how Iran’s continued strikes on the region and ability to exert control over the Strait of Hormuz mean oil is likely to remain expensive for longer. Plus, the EU and Australia ink a free-trade deal as the world’s “middle powers” link up. And Estée Lauder is in talks to acquire Puig Brands in a deal that would create a global beauty giant and add cult brands Charlotte Tilbury and Byredo to its sprawling portfolio. Luke Vargas hosts.
Brian Carbaugh has a non-standard path to being a CEO in the startup world. He was in the marine core for 5-6 years in active duty, before attending Georgetown for school. Eventually, he joined the CIA and spent 23 years, serving the country in multiple different roles and facets, primarily in para military and covert operations. While he was there, he also started to see areas where the agency could innovate, and got curious about how they could partner with private companies. Outside of tech, he is a father of 3 girls and a boy. He enjoys working out, skiing and riding on road bikes. He used to do triathlons in the past, but startup life has taken up any time he could dedicate to that.
Shortly after he retired from the CIA, Brian got a call from some prior folks he knew still in the industry. He started digging into the cybersecurity world, specifically into why there was so much attrition amongst the employees themselves. He was asked the question about how he could 10x this workers, and optimize these individuals using the latest tech?
Marketplace's Meghan McCarty Carino takes a look at how platforms like Kalshi and Polymarket are allowed to function in states with varying gambling restrictions, plus what the CFTC is looking at to try to rein such platforms.
At New York City's LaGuardia Airport, two pilots were killed and dozens more injured after an Air Canada plane crashed into a Port Authority fire truck. The Federal Aviation Administration closed LaGuardia until the late afternoon on Monday. The fatal collision comes as anxiety surrounding air travel is already growing due to the ongoing partial government shutdown, which has led to hourslong security lines at some airports tied to a nationwide shortage of TSA agents. Meanwhile, President Trump calmed some market uncertainty brought on by the war in Iran, which is entering its fourth week, announcing a five-day moratorium on U.S. attacks of Iranian energy sites; this caused oil prices to come down, with the Dow Jones, S&P 500, and Nasdaq all ticking up. In business, California lawmakers are debating a bipartisan bill that would prohibit children under 16 from maintaining social media accounts, and Uber is partnering with Rivian to deploy up to 50,000 autonomous R2 robotaxis across North America and Europe by 2031. Read more at https://LATimes.com.
Plus: The EU and Australia have inked a new free-trade deal and security partnership. And Estée Lauder is in talks to create a global beauty giant. Luke Vargas hosts.
About a year into President Trump’s global trade war, China hasn’t just survived. It has emerged stronger than ever on the world stage.
Keith Bradsher, the Beijing bureau chief for The New York Times, discusses the domination of China’s robot-powered superfactories and how the country essentially made itself tariff-proof.
Guest: Keith Bradsher, the Beijing bureau chief for The New York Times.
Two pilots are dead after an Air Canada flight crashed into a fire engine at New York’s LaGuardia airport. President Trump backs off a self-imposed threat to bomb Iran’s power plants, citing ongoing negotiations. And the U.S. Supreme Court appears poised to overturn mail-voting guidelines in more than 30 states.
Iran has currently shut off more than 10 percent of the world’s oil supply. If that goes on for a lot longer — or if the war escalates to include more strikes on energy infrastructure in the region — the price of oil could go through the roof, and the damage to the global economy could be catastrophic.
So what would that look like? What tools does the United States have to avert it? And how is this crisis already reverberating in countries around the world?
Jason Bordoff is the founding director of the Center on Global Energy Policy at Columbia University and a founding dean of the Columbia Climate School. He served as a special assistant to President Barack Obama and senior director for energy and climate change on the National Security Council.
In this conversation, Bordoff answers all my questions about the crisis so far and how things could spin out from here, the strategic positioning of the United States, Europe, Iran, Russia and China, the developing countries likely to suffer the most and the lessons the world might take from this.
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.
It’s been more than a month since the Department of Homeland Security shut down, and American airports are definitely feeling it. Now, President Donald Trump has sent ICE agents to at least 14 airports across the country. A Truth Social post over the weekend from Trump, said in part that ICE in airports will, “do Security like no one has ever seen before, including the immediate arrest of all Illegal Immigrants who have come into our Country, with heavy emphasis on those from Somalia.” In other words, ICE isn’t really there to help decrease the long wait times on security lines. Andrea Flores, a former Homeland Security official and founder of the pro-immigration initiative, Securing America’s Promise, joined the show to talk more about what ICE agents are doing at American airports.
And in headlines, Trump walks back his threats to escalate the war on Iran, the Supreme Court looks ready to limit mail-in voting, and closing arguments were heard Monday in a trial over whether Meta has been misleading users about the potential impact of social media on children.
