The markets are surging as President Trump pulls back on tariff threats at Davos. Gary and Shannon break down the relief rally, the newest addition to the Vance family, and the bizarre trend of "hyper-themed" parties for the ultra-rich. Plus, a look at whether Landman is officially hitting a sophomore slump.

• #WhatsHappening: Trump eases trade tension, a baby on the way for the VP, and Taylor Swift’s Hall of Fame induction.

• The Death of "Normal" Parties: Why New York’s elite have abandoned casual get-togethers for high-concept era-hopping.

• #WhatchaWatchin: Is Landman losing its edge? Analyzing the show’s dipping scores and listener reviews.

See omnystudio.com/listener for privacy information.