Mike and May open with a look at where the many legal cases against Donald Trump stand as Inauguration Day approaches. They agree that there won’t be any further action on them until Trump is out of office again, with May believing there’s much more of a chance of future Democratic administrations reopening them than Mike does.

Next is a discussion of the latest tariffs Donald Trump said he’d enact on day one: 25% on both Mexico and Canada as well as an additional 10% on China. Mike believes that Trump made these promises as the opening salvo in a negotiation and won’t end up following through. May argues that Trump has a real attachment to tariffs, and that he’s likely to stick with them even if they cause markets to drop and inflation to rise.

They close with Walmart’s recently announced DEI rollback, which is part of a larger corporate trend. Mike believes that thoughtfully administered awareness training can be valuable, but that it too easily becomes counterproductive hectoring.

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