With No End In Sight, The War Is Causing Market Chaos, And Amazon’s Eyeing A Deal With Satellite Operator Globalstar
April 3, 2026·6 min
The episode opens with Lana introducing the day's top stories: market unrest from the war in Iran and Amazon's interest in GlobalStar. It describes how a recent U.S. presidential address offered no clear war timeline, leading to investor anxiety over a three-day weekend. Traditional 60-40 portfolios are failing as stocks and bonds slide together, and gold has dropped 14% since the war began, with energy being a rare winner. The discussion turns to stagflation, explaining how energy shocks can cause sticky inflation through wage and price increases, stifling growth. U.S. markets are closed Friday, but the jobs report may add to volatility. A Q+A segment features Carl answering a listener question on how life events like career changes affect financial stability, emphasizing flexible planning. The episode then shifts to Amazon's reported talks to buy GlobalStar, aiming to rival SpaceX's Starlink, which has over 9,500 satellites compared to Amazon's 200. GlobalStar's shares rose 9%, but the deal is complicated by Apple's 20% ownership and reserved network capacity. This fits a pattern of large deals, with 22 above $10 billion in Q1 2024, totaling $1.2 trillion globally, possibly driven by market uncertainty. The episode concludes with a note on tech leaders like Jeff Bezos and Elon Musk considering space-based AI data centers, though costs are prohibitive. Lana signs off, promising more next week.
