Wall Street Goes to Defcon 1

Bill Cohan joins Peter for a sobering discussion of Trump’s trade war and its discontents: Bill Ackman, warning of an “economic nuclear winter”; Jamie Dimon, sending panicked smoke signals to the White House; Larry Fink, predicting an imminent recession; and many more. Then they turn to the meltdown in the crypto market, the decline in consumer confidence, and what comes next.