The Powers That Be: Daily

Julia Ioffe joins Peter to explain how Umar Kremlev, a Russian oligarch close to Vladimir Putin, quietly bankrolled part of Donald Trump Jr.’s wedding weekend—and what he might want in return. Then they turn to the diplomatic standoff between France and the State Department…over a single tweet.

Matt Belloni joins Peter to dig into Ari Emanuel’s blistering new memoir—a score-settling account that revisits the chair he nearly hurled at Michael Ovitz and his decades-long grudge against Jeffrey Katzenberg. Then they turn to Monday’s Emmy awards, unpacking Apple’s sweep and the politics of Stephen Colbert’s win over John Oliver.

Bill Cohan joins Peter to discuss his new book, Money to Burn, tracing Apollo’s founding after Drexel’s 1990 collapse, its meteoric rise built on distressed debt investments, and leadership under co-founder Leon Black. The pair also dig into Black’s close ties with Jeffrey Epstein—the $158 million in fees and the affair scandal that ended his CEO reign—and what his fall means for everyone who kept Epstein close.

Jon Kelly joins Peter to unpack Pat McAfee’s takeover of ESPN’s marquee sports coverage, and why the network would rather license his self-owned production for $60 million per year than keep paying a salaried anchor like Stephen A. Smith. Then they digest MS NOW’s new $7.99-a-month subscription play, arguing why winning over cable-free fans of Rachel Maddow and Lawrence O’Donnell could succeed where CNN+ once failed.

Rahm Emanuel, the longtime Democratic power broker, former White House chief of staff, and perennial subject of campaign intrigue, joins Peter on the debut episode of The Making of a President to discuss the rise of democratic socialism, how wannabe 2028 aspirants can win back the middle, and why the party needs a new pitch.
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