Two Months In: Why Markets Stopped Caring About Iran artwork

Two Months In: Why Markets Stopped Caring About Iran

Prof G Markets

April 27, 2026

Scott Galloway and Ed Elson discuss how the war in Iran has impacted prices and markets as the conflict passes the two month mark. They also break down what makes a great CEO in light of Tim Cook’s decision to step down from the helm of Apple. Finally, they explore why SpaceX is acquiring Cursor.
Speakers: Scott Galloway, Dan Egan, Ed Elson
**Scott Galloway** (0:00)
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Carefully consider the investment materials before investing, including objectives, risk charges, and expenses. This and other information can be found in the funds prospectus at getvcx.com. This is a paid sponsorship.

**SPEAKER_2** (1:10)
Learn more at adobe.com/do that with Acrobat.

**SPEAKER_3** (1:12)
This message comes from Betterment. Betterment's Dan Egan talks about tax loss harvesting.

**Dan Egan** (1:18)
Tax loss harvesting is a tax management strategy. When you have a position that's gone down over time, we intentionally sell out of it to realize a loss, which we then say to the IRS, hey, we lost money. You get to use that to offset your ordinary income every year, decreasing your tax burden.

**SPEAKER_3** (1:34)
Investing involves risk performance, not guaranteed. Betterment does not offer tax advice.

**Dan Egan** (1:38)
The value of a TLH may not be suitable for all customers.

**SPEAKER_3** (1:40)
Learn more at betterment.com/tlhdashterms.

**Scott Galloway** (1:42)
Today's number, $150. That's how much New Jersey Transit is considering charging for a round trip train ticket to the World Cup this year. Ed, what do a 12 volt battery and an asshole have in common?

**Dan Egan** (1:56)
What?

**Scott Galloway** (1:56)
Well, you know, you're not supposed to put your tongue on it, but you do anyways.

**Ed Elson** (2:11)
Are we going to get to the World Cup this summer? What are we going to do about this?
I'm very upset because this is like the big moment. I should obviously be going to the World Cup. Huge football fan, never gone to the World Cup in my life, and it finally arrives in America, but I can't get a ticket. It's just insane.

**Scott Galloway** (2:28)
Well, I don't know if you heard, but an alcoholic, a priest and a pedophile are going to the World Cup, and that's just the first person.

**Ed Elson** (2:33)
What is the joke? Who are you making fun of?

**Scott Galloway** (2:36)
I'm saying they're the same person, alcoholic, pedophile, priest. Anyways, maybe I didn't deliver that well. It's time to bring in our producer. Okay, wait, hold on.

**Ed Elson** (2:45)
No, no, no, no.

**Scott Galloway** (2:46)
I've got a better one. I was interviewing for a job, and the interviewer said, What is this for your gap in your resume? And I said, Well, I went to Yale. And she said, Wow, that's impressive. You're hired. And I said, Oh, God, that's such good news. I really need this job.

**Ed Elson** (3:05)
Think about it. I got it. I got it. Think about it. The silence is not an indication of confusion.

**Scott Galloway** (3:11)
Anyways, how are you, Ed?

**Ed Elson** (3:12)
I'm doing well. I, again, present you the question, what are we going to do about this World Cup thing? Are you going to be able to figure it out? Like, I don't know what to do about it.
I'm just going to regret it the rest of my life.

**Scott Galloway** (3:24)
Is it really that hard to get tickets right now?

**Ed Elson** (3:25)
It is, unless you're willing, I think, to spend, like- A lot? Not just a lot, but like a fortune.

**Scott Galloway** (3:32)
Better start wearing more quince, bitch.
So, I've been the last two times. Look, I get, I don't know how to, I get, a brand takes me, so I don't, but I would bet if you want to figure it out, I would bet tickets start to free up towards, America's never been that into football. So, I don't, I would bet a lot of tickets will free up, but I don't, do you want to go to the big games or do you want to follow Team England?

**Ed Elson** (4:02)
I mean, England would be incredible, but I mean, that's, I think that's, that's high hopes to go see England. I'd go to anything, I'd go to anything in New York. What, I'm just curious, what is your plan here? Are you waiting for a brand to tell you, hey, we have some tickets, come along?

**Scott Galloway** (4:20)
Yeah, that's exactly my plan. I just literally outline my plan. I don't think about it. It's not till, when is it? Oh, it's coming up.

**Ed Elson** (4:26)
That's what I'm saying. I gotta get my act together.

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