Fed Hesitates on Tariffs, The New Mag 7, Death of VC, Google's Value in a Post-Search World

ℹ️ EPISODE INFO

Released

May 9, 2025

Duration

1h 36m

Channel

All-In Podcast

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

(0:00) The Besties intro Philippe Laffont! (2:12) Miami F1 Recap! (12:10) Fed holds rates steady on tariff uncertainty (32:47) Google drops after Apple sees fall in search queries on Safari (56:48) Creating a new Mag 7 (1:07:00) Private markets: Is traditional VC dead? Philippe details Coatue's new fund structure and what makes a great investor Follow Philippe Laffont: https://x.com/plaffont Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://polymarket.com/event/fed-decision-in-june/fed-decreases-interest-rates-by-50-bps-after-june-2025-meeting?tid=1746821096114 https://www.federalreserve.gov/newsevents/pressreleases/monetary20250507a.htm https://www.mlex.com/mlex/antitrust/articles/2337168/apple-exec-testimony-on-search-volume-drop-hurts-google-stock-price https://www.bloomberg.com/news/articles/2025-05-07/apple-working-to-move-to-ai-search-in-browser-amid-google-fallout https://blog.google/products/search/statement-press-reports-about-search-traffic https://x.com/EconomyApp/status/1915501252420784499 https://x.com/Similarweb/status/1920026287625658628 https://openai.com/index/leadership-expansion-with-fidji-simo https://files.pitchbook.com/website/files/pdf/Q1_2025_PitchBook-NVCA_Venture_Monitor_19001.pdf https://stockanalysis.com/ipos/statistics #allin #tech #news

🎤 SPEAKERS

• Jason Calacanis

  host

• David Friedberg

  host

• Chamath Palihapitiya

  host

• Philippe Laffont

  guest

• Narrator

  other

🧾 EPISODE SUMMARY

In this episode of All-In Podcast, featuring Jason Calacanis and David Sacks, Fed Hesitates on Tariffs, The New Mag 7, Death of VC, Google's Value in a Post-Search World explores fed Waits, AI Surges: Tokens Outweigh Tariffs, VC Gets Squeezed The episode blends macroeconomics, AI disruption, and venture market structure, anchored by guest investor Philippe Laffont of Coatue. The besties debate the Fed’s decision to hold rates amid Trump’s tariff regime, arguing politics, liquidity risk, and new tariff-driven fiscal dynamics are all in play. They then pivot to AI’s impact on Google search, the potential decline of the current ‘Mag 7’ market leaders, and the rise of a new basket of 25 critical companies spanning public and private markets. Finally, they examine how aggressive antitrust policy and the collapse in exits are killing traditional venture incentives, and Laffont outlines his new Berkshire-like interval fund aimed at democratizing long-horizon tech investing.

🔗 RELATED EPISODES

SpaceX-Cursor Deal, SaaS Debt Bomb, New Apple CEO, SPLC Indictment, Colon Cancer Spike

Anthropic’s $30B Ramp, Mythos Doomsday, OpenClaw Ankled, Iran War Ceasefire, Israel's Influence

Elon’s Anthropic Deal, The Next AI Monopoly?, “FDA for AI” Panic, Trading the AI Boom

OpenAI's Identity Crisis, Datacenter Wars, Market Up on Iran News, Mamdani's First Tax, Swalwell Out

OpenAI Misses Targets, Codex vs Claude, Elon vs Sam Trial, Big Hyperscaler Beats, Peptide Craze

Jensen Huang: Nvidia's Future, Physical AI, Rise of the Agent, Inference Explosion, AI PR Crisis