Markets are flashing warning signs, and the U.S. consumer is taking the hit. Mike Novogratz and I break down why traders have shifted from buying the dip to selling the rally, what the wealth gap means for the economy, and where crypto stands as the Clarity Act stalls. This is a market you need to understand right now! Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. Learn more about Galaxy here: https://www.galaxy.com/ Follow Anthony on X: https://x.com/Scaramucci Follow Novo on X: https://x.com/novogratz Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Learn more about SALT here: https://www.salt.org/ Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci Referenced in the episode: https://www.axios.com/2026/03/28/iran-war-inflation-costs?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top https://www.wsj.com/economy/wealthy-americans-us-economy-dba0d26a?mod=hp_lead_pos7 https://www.axios.com/2026/03/24/jobs-labor-college-gallup?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiospm&stream=top https://www.galaxy.com/newsroom/galaxy-to-match-us-governments-contribution-to-trump-accounts

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This episode is about understanding something most people get wrong about Donald Trump: what looks like chaos is often very deliberate. I sat down with Jeffrey Sonnenfeld, who’s studied Trump for decades, to break down the strategy, the psychology, and the playbook behind it all. Whether you agree with him or not, you need to understand how he operates. Jeffrey Sonnenfeld is the Senior Associate Dean for Leadership Studies and Lester Crown Professor in Management Practice at the Yale School of Management, as well as founder and president of the Chief Executive Leadership Institute, a nonprofit educational and research institute focused on CEO leadership and corporate governance. He has authored eight books and his work is regularly cited by the general media such as: BusinessWeek, Forbes, the Wall Street Journal, the New York Times, Newsweek, Time, the Economist, the Financial Times, the Washington Post, CBS, MSNBC, CNN, FOX, NBC, ABC as well as PBS, and he is a staff contributor for CNBC and a staff columnist for FORTUNE, TIME, Chief Executive, and Corporate Board Member. Get his new book, Trump's Ten Commandments: Strategic Lessons from the Trump Leadership Toolbox, which is out today, March 31, 2026, here: https://a.co/d/083MxKTx I blurbed the book, saying, "I was charmed by Donald Trump, worked for him, and then also saw his dangerous flaws. Some treat him as the village idiot or a madman because of his unorthodox impulses, and that he may not have been the top finance, econ, or history student at Wharton. Critics are as wrong to discount his communication genius and street savvy as others are to deify him. Sonnenfeld is the first scholar to reveal just how Trump operates, the method behind the magic and malice—lessons needed to protect our nation.” Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. 📚Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci

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Markets are whipping around like a yo-yo with war, oil, and rates all over the place, and somehow stocks are still standing. At the same time, Jensen Huang is calling out CEOs for hiding behind AI to justify layoffs, while we’re watching a real migration of wealth out of high-tax blue states into places like Miami and Texas. So the big question is: are we managing this economy the right way, or are we just riding momentum until something breaks? Mike Novogratz and I discuss it all on All Things Markets. Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. Learn more about Galaxy here: https://www.galaxy.com/ Follow Anthony on X: https://x.com/Scaramucci Follow Novo on X: https://x.com/novogratz Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Learn more about SALT here: https://www.salt.org/ Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci

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I'll be honest with you, I'm a Mets guy, I owned a piece of that team for years, but even I can't deny that the Yankees are the Google of baseball, and today we're going to find out exactly how they keep doing it. My guest is award-winning MLB journalist Andy Martino, whose new book The Yankee Way pulls back the curtain on the Brian Cashman era and reveals that everything you thought you knew about that dynasty was wrong.

Andy Martino has written about sports, culture, and entertainment, and has covered Major League Baseball for more than a decade. A former staff writer at the Philadelphia Inquirer and New York Daily News, he is currently a reporter and analyst covering MLB for the SNY network in New York.

Although I'm a massive Mets fan, I must admit Andy's book about the Yankees is wonderful. Get The Yankee Way: The Untold Inside Story of the Brian Cashman Era today. Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci⁠

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On today's episode of All Things Markets, Mike Novogratz and I discuss America's K-shaped economy — asset prices near all-time highs, food banks overwhelmed, and the inequality gap as wide as I've ever seen it in my career. We get into all of it this week — the bond selloff, what's really happening in the Middle East, and why AI is going to be the defining issue of our time. Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. Learn more about Galaxy here: https://www.galaxy.com/ Follow Anthony on X: https://x.com/Scaramucci Follow Novo on X: https://x.com/novogratz Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci

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Today on Open Book, I’m joined by legendary venture capitalist Bill Gurley, whose new book Runnin' Down a Dream challenges a lot of the career advice we give young people. Bill argues that the safest career path isn’t the “safe job” at all—it’s finding something you’re genuinely fascinated by and chasing it relentlessly. We’re going to talk about curiosity, regret, and how to build a career you actually love.

Bill Gurley is a general partner at Benchmark, a leading venture capital firm in Silicon Valley. Over his venture career, he has invested in and served on the board of such companies as Nextdoor, OpenTable, Stitch Fix, Uber, and Zillow. Gurley has written about technology and other subjects on his popular blog, Above the Crowd, for over 20 years. This is a sensational book. Get your copy of Runnin' Down a Dream: How to Thrive in a Career You Actually Love here: https://amzn.to/46X4rEc Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci⁠

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Today on Open Book, we’re diving into one of the biggest questions in human history: why do civilizations rise—and why do they collapse? Cambridge scholar Luke Kemp joins me to explain why the forces shaping our future might be the same ones that brought down every empire before us.

Luke Kemp is a research affiliate at the Centre for the Study of Existential Risk at the University of Cambridge. He has lectured in economics and human geography and has advised the World Health Organization, the Australian Parliament, the UN Convention on Biological Diversity, and many other institutions. His research has been covered by media outlets such as The New York Times, the BBC, and The New Yorker.

This book was a revelation, get it now: Goliath's Curse: The History and Future of Societal Collapse here: https://amzn.to/4lrFlDm

Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio.

Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci⁠

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The world feels like it’s unraveling—oil shocks, AI replacing jobs, and markets trying to figure out what comes next. Mike Novogratz and I break down why this economy is splitting in two, where Bitcoin and oil go from here, and how smart investors survive the chaos. Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. Learn more about Galaxy here: https://www.galaxy.com/ Follow Anthony on X: https://x.com/Scaramucci Follow Novo on X: https://x.com/novogratz Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci⁠

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In this month’s Q&A episode of Open Book, I answer questions from viewers across YouTube, Instagram, LinkedIn, and X on topics ranging from politics and global markets to career decisions, philosophy, and parenting. We cover Citizens United, the national debt, and the future of crypto, while also offering personal insights on finding your calling, managing time, and navigating difficult moments in life. 📚 Books recommended in this video: Meditations by Marcus Aurelius https://amzn.to/4uoAo2k The Iliad by Homer https://amzn.to/4uhpR8S The Odyssey by Homer https://amzn.to/4uflV8V Lincoln at Gettysburg by Gary Wills https://amzn.to/4dd5Iux The British Are Coming by Rick Atkinson https://amzn.to/4ullaLh American Scripture by Pauline Maier https://amzn.to/40hBcZ1 Traitor to His Class by H. W. Brands https://amzn.to/40TB4z3 The Bible (King James Version) https://amzn.to/4rlTUd6 Ryan Holiday’s books https://amzn.to/4s7xDRw Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci

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I've spent a lot of time studying China — the culture, the power, the politics — and I thought I knew the story, but my guest today, historian Frank Dikötter, absolutely blew my mind, because the founding myth of the world's most powerful authoritarian state is built on a lie. Stick around, because this conversation is going to change the way you see China forever. 📚Books mentioned in the episode: Red Star Over China by Edgar Snow https://amzn.to/4raPPIy The China Mission by Daniel Kurtz-Phelan https://amzn.to/4u9GD9S Red Dawn Over China by Frank Dikötter https://amzn.to/4slHr9Y Frank Dikötter lives in Palo Alto, California, where he is the Milias Senior Fellow at the Hoover Institution, Stanford University. He is also Chair Professor of Humanities at the University of Hong Kong. His books have changed the way historians view China, from the classic The Discourse of Race in Modern China to his award-winning People's Trilogy documenting the lives of ordinary people under Mao. Get his brilliant new book, which was a Barnes & Noble Reads Best Book of February 2026, Red Dawn Over China: How Communism Conquered a Quarter of Humanity here: https://amzn.to/4slHr9Y Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci⁠

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This week was absolutely insane — we've got US and Israeli strikes on Iran, markets somehow shrugging it off, and the Trump administration trying to kneecap Anthropic even while using their AI to pick military targets. And if that's not enough, we're going to talk about Jane Street and some serious questions around Bitcoin market manipulation. Mike and I are breaking it all down here on All Things Markets.

Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. Follow Anthony on X: https://x.com/Scaramucci Follow Novo on X: https://x.com/novogratz Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://linktr.ee/anthonyscaramucci

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