Uploaded January 2026 | Updated September 2026, 2 weeks ago
In this week's episode of WSJ’s Take On the Week, Telis Demos and Gunjan Banerji—in her final appearance as regular co-host—are joined by incoming co-host Miriam Gottfried. Our trio get into the high-stakes bidding war between Netflix and Paramount for Warner Bros. Discovery and why Netflix shareholders may be skeptical of the deal. Then the hosts dive into the historic rally in gold and silver, and whether the debasement trade is back after news of an investigation into Federal Reserve Chair Jerome Powell. Plus, they look at what upcoming earnings might reveal about how President Trump’s affordability agenda is playing out.
After the break, Telis and Miriam are joined by Monica Guerra, head of U.S. policy at Morgan Stanley Wealth Management, to discuss how investors should position themselves for a midterm election year. Guerra explains that gridlock in Congress has historically led to market outperformance. She also shares a bold prediction that the Supreme Court could strike down President Trump’s tariffs.
Chapters:
00:00 Introduction
00:30 Netflix earnings & Warner Discovery deal
02:29 Gold & silver rally
04:18 Federal Reserve investigation
05:58 Market reactions to policy changes
07:52 Gunjan's farewell & Miriam joins as co-host
09:58 Interview: Monica Guerra on Fed independence
11:54 Midterm elections impact
12:57 Tax cuts & economic stimulus
16:03 Government shutdown & budget cuts
16:42 Tariffs & Supreme Court decision
19:59 Geopolitical risks & defense spending
23:00 Split government & market outlook
This is WSJ’s Take On the Week where co-hosts Telis Demos, Heard on the Street’s banking and money columnist, and Miriam Gottfried, WSJ’s private equity reporter, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.
Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com.
#WSJ #tariffs #Investing
In this week's episode of WSJ’s Take On the Week, Telis Demos and Gunjan Banerji—in her final appearance as regular co-host—are joined by incoming co-host Miriam Gottfried. Our trio get into the high-stakes bidding war between Netflix and Paramount for Warner Bros. Discovery and why Netflix shareholders may be skeptical of the deal. Then the hosts dive into the historic rally in gold and silver, and whether the debasement trade is back after news of an investigation into Federal Reserve Chair Jerome Powell. Plus, they look at what upcoming earnings might reveal about how President Trump’s affordability agenda is playing out.
After the break, Telis and Miriam are joined by Monica Guerra, head of U.S. policy at Morgan Stanley Wealth Management, to discuss how investors should position themselves for a midterm election year. Guerra explains that gridlock in Congress has historically led to market outperformance. She also shares a bold prediction that the Supreme Court could strike down President Trump’s tariffs.
Chapters:
00:00 Introduction
00:30 Netflix earnings & Warner Discovery deal
02:29 Gold & silver rally
04:18 Federal Reserve investigation
05:58 Market reactions to policy changes
07:52 Gunjan's farewell & Miriam joins as co-host
09:58 Interview: Monica Guerra on Fed independence
11:54 Midterm elections impact
12:57 Tax cuts & economic stimulus
16:03 Government shutdown & budget cuts
16:42 Tariffs & Supreme Court decision
19:59 Geopolitical risks & defense spending
23:00 Split government & market outlook
This is WSJ’s Take On the Week where co-hosts Telis Demos, Heard on the Street’s banking and money columnist, and Miriam Gottfried, WSJ’s private equity reporter, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.
Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com.
#WSJ #tariffs #Investing
