The Week: Iran, Brexit, SpaceX, and the Business of Sports

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**George Hahn** (1:38)
Welcome to the week from Prop G Media, where we break down what mattered and what it all means. I'm George Hahn and it's Friday, June 26th. Today, another Iran deal that may already be falling apart. Why Britain can't seem to keep a prime minister. The biggest IPO in history gets a reality check. Finally, how the World Cup is rewriting the economics of media.
Let's get into it.
Last weekend, news broke of what appeared to be a ceasefire deal between Iran and the US. A memorandum of understanding, to be specific. On Monday's Raging Moderates, Jessica Tarlov tried to find a silver lining in this quote unquote deal.

**Jessica Tarlov** (2:29)
I'm trying to be a little glass half full, at least for a few minutes because I don't know, I'm just like fundamentally a positive person and it's kind of exhausting just talking about like every way this has gone wrong. And I think that we're now fully in a place where we just have to ignore what President Trump is saying and doing. Like that it has nothing to do with the reality on the ground. Iran was going to push the envelope and they did, opening and closing the Strait of Hormuz, saying they'd left the talks when they were actually secretly still dealing.
And if we did want to have a little bit of rainbow news, I guess, or positive news, the Qataris and the Pakistanis issued a joint statement after yesterday's talks that had some good stuff in it. I mean, if this is true, it could all fall apart tomorrow, of course, but they established this high-level committee that agreed on a roadmap towards reaching a final deal, agreed to the creation of a de-confliction cell for Lebanon that will ensure the adherence to the termination of military operations, you know, technical talks still progressing. But the Iranians were part of that as well, so it wasn't just the Qataris and the Pakistanis. And if they're talking, that's better than bombing.

**George Hahn** (3:44)
Scott, however, came away with the opposite conclusion.

**Scott Galloway** (3:49)
So I think neither the IRGC or Hezbollah or Israel have gotten the memo on the memo.
I think all of them see a vested interest in continuing to fight. I think Netanyahu is constantly on a war footing. And I go back to the same thing. I think the world would be a much better place once Netanyahu and Trump leave the world stage. But Netanyahu is on a war footing.
He sees his political survival based on his promise to annihilate or destroy his enemies. He sees this as a unique opportunity. I don't think he has any intention of stopping. I think Trump will blame him and the IRGC will blame Israel as well for continuing to bomb Hezbollah so that they have an excuse or a red herring or a flag to say the ceasefire has been violated. I don't think they have any intention of complying with half the conditions that Trump is trying to outline to save face. And they will use the ongoing conflict in Lebanon and Israeli strikes as an excuse that, in fact, the ceasefire that we, quote unquote, the West, Israel and America have not lived up to their promises. I don't think Bibi has any intention of stopping. I don't think the IRGC has any intention of stopping. And the notion that Trump thinks that the IRGC are good actors and have any desire to have a ceasefire with any real agreements, with any teeth, and that Netanyahu is not fighting for his political life. I just, Bibi didn't even see a copy of the memo supposedly.