Hosts Cara Swisher and Scott Galloway, recording live in Cannes, discuss the state of the advertising industry, France's proposed social media regulations for minors, and Meta's strategic moves, including WhatsApp ads and the controversial Scale AI deal. They also analyze the existential threat generative AI poses to news publishers and critique the Trump Organization's new mobile phone plan as a political grift.

The hosts analyze the S&P 500 entering correction territory, attributing the sell-off to policy uncertainty around tariffs. They discuss Southwest Airlines abandoning its 'Bags Fly Free' policy under activist pressure and debate Eric Schmidt's new CEO role at Relativity Space.