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Rudyard and Janice focus today's episode on the escalating conflict between the U.S. and Iran. Trump's negotiating team has dropped their demands on ballistic missile production and support for militia groups in the region, but the Islamist regime will not give up their nuclear program. Why is Iran unwilling to negotiate when it is so weak politically and militarily? Why would it risk getting into a fight with an opponent with whom they are so unevenly matched? And how much of their position is tied to the religious fundamentalism of its revolutionary movement? In the back half of the show Rudyard and Janice try to make sense of what is motivating Trump to pursue this strike without significant support from his base. What does Iran have to agree to so that Trump is able to back down from this fight and claim a win?

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Rudyard and Andrew react to the fallout from the U.S. Supreme Court's ruling against Trump's tariffs and the President's angry response. How will Trump being denied this authority affect upcoming CUSMA negotiations? Andrew suggests we should expect to see demands from the Trump administration that go far beyond the traditional trade grievances. In the second half of the show Rudyard and Andrew turn to AI and how this new technology will displace white collar jobs. What kind of policy response should we expect from the government in Ottawa? Andrew is more optimistic that this will not be as upending as some are predicting; the history of technological change suggests it will take longer than people suspect for AI to be adopted. There will be jobs lost, but will there be new jobs created? And finally, given that this is a global action program, and we cannot silo ourselves off from the United States and China, what can the Canadian government do to reduce the risk to our economy?

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The U.S. is ramping up its military presence near Iran as negotiations fail to yield any compromise from the regime. We are now in a Middle East standoff which finds Trump trapped. Is a strike inevitable? What are the costs here besides a regional war and where is Iran's defense going to come from? Janice worries that Trump does not have a military strategy beyond the first few days, and this is a conflict that could go on for weeks. In the second half of the show Rudyard and Janice discuss the light strike option that would try to force Iran to come to the negotiating table. If the Ayatollah decides to become a martyr, we could end up with a ruling class of militant revolutionary guards; a group of younger, more radicalized men that will be more willing to use force in the region. Could Trump's actions in Venezuela give us insight into his designs on Iran? And finally, with approaching midterm elections, a MAGA base that doesn't want war, and the potential of skyrocketing oil prices, does Trump need to TACO, climb down, and agree to a bad deal?