The Headlines

A Breakthrough for T.S.A. Funding, and How the War in Iran Will Hit Grocery Prices

12 min
Mar 27, 20262 months ago
Listen to Episode
Summary

This episode covers the economic fallout from the Iran war on grocery prices and supply chains, TSA funding breakthrough after airport chaos, tech companies building private power plants for data centers, and MLB's fragmented streaming landscape making games expensive to watch.

Insights
  • Raspberries serve as an early indicator of inflation impact due to their fuel-sensitive transportation requirements, with wholesale prices doubling since January
  • Tech companies are bypassing traditional power grids entirely by building private gas-fired power plants, creating new environmental and community concerns around air and noise pollution
  • MLB's shift to streaming has fractured viewership across 10+ networks, requiring fans to manage 5+ subscriptions at ~$800/year for complete coverage
  • Global energy crisis from Iran war is prompting unprecedented government interventions, from national holidays to specific restrictions like weekend-only vacuum use
  • Trump's delayed TSA funding resolution and subsequent announcement of a payment plan raises questions about available resources and political timing
Trends
Energy crisis driving international policy changes and conservation mandates across multiple countriesTech infrastructure decoupling from traditional utilities through private power generationStreaming fragmentation creating consumer friction and regulatory scrutiny in sports broadcastingPetroleum-based supply chain vulnerabilities affecting multiple sectors beyond fuel (packaging, fertilizer)Data center expansion accelerating infrastructure conflicts with local communitiesGeopolitical instability creating cascading economic effects across unrelated industriesGovernment intervention in private sector operations during supply chain crises
Topics
Iran War Economic Impact on Food PricesTSA Funding and Airport OperationsData Center Power InfrastructurePrivate Power Plant ConstructionEnvironmental Impact of Off-Grid Power GenerationMLB Streaming Rights FragmentationOil Supply Disruption and Strait of HormuzFertilizer and Packaging Cost InflationGlobal Energy Crisis ResponseStock Market VolatilityTrump Administration Policy ChangesNoise and Air Pollution from Industrial Power PlantsSports Broadcasting Business ModelSupply Chain Resilience
Companies
Major League Baseball
Opening day coverage highlights fragmented streaming across 10+ networks, requiring multiple subscriptions costing ~$...
Netflix
Exclusive broadcast partner for Yankees opening game, exemplifying MLB's streaming fragmentation strategy
Department of Agriculture
Issued warning that food bills could climb as much as 6% this year due to Iran war supply disruptions
Department of Homeland Security
Subject of Senate funding measure to pay 50,000 unpaid TSA workers and fund FEMA and Coast Guard
Treasury Department
Announced Trump's signature will appear on U.S. currency starting later this year, replacing the Treasurer's signature
People
Tracy Mumford
Host of The Headlines podcast episode covering geopolitical and economic news
Rebecca Elliott
Business desk reporter tracking tech companies building private power plants for data centers
Donald Trump
Extended Iran deadline to April 6th, announced plan to pay TSA agents, signature added to U.S. currency
Kier Starmer
Subject of SNL UK sketch impression depicting awkward conversation with Trump about war
Quotes
"If your team isn't using your CRM, it isn't working."
Pipe Drive advertisement
"Raspberries are kind of the drama queens of fresh produce. They need to be transported quickly in refrigerated trucks."
Tracy Mumford
"What was really shocking to me is just how quickly tech companies are ditching the power grid and saying, you know what, we're going to build our own power plants."
Rebecca Elliott
"The cost of all that together is approaching $800 if the Yankee season goes all the way to October."
Tracy Mumford
Full Transcript
If your team isn't using your CRM, it isn't working. Pipe Drive is a simple CRM. It's easy to use so you can focus on closing. Get 30 days free at PipeDrive.com forward slash audio. From the New York Times, it's the headlines. I'm Tracy Mumford. Today's Friday, March 27th. Here's what we're covering. As the war with Iran hits the four-week mark, fuel prices are high, the flow of oil from the Gulf remains largely cut off, and Americans will likely start to feel it soon in their grocery bills. The first thing to watch is raspberries. Now raspberries are kind of the drama queens of fresh produce. They need to be transported quickly in refrigerated trucks. Even on planes, which are a faster ride, they need to be kept cool. All of this makes the berries one of the most fuel-sensitive items at the grocery store, which means they can be an early sign of just how much the war in Iran could affect prices. Raspberries were already expensive, but according to federal data, the wholesale price of fresh berries has doubled since January, and the Department of Agriculture is now warning that food bills overall could climb as much as 6% this year. It's not just about gas for transport. The war could drive up the cost of plastic packaging, a lot of which is petroleum-based. Also, a lot of the world's fertilizer is stuck in the Gulf, and that could affect crops too. All of this comes on top of tariffs, a tight labor market, and other factors that were already contributing to higher prices. Beyond grocery stores and gas stations, the war is also continuing to shake the stock market. Yesterday, Wall Street had its biggest one-day drop since the start of the war, and the S&P 500 is on track for its fifth straight week of losses. Meanwhile... They've been obliterated. Who wouldn't negotiate? They are begging to make a deal. We'll see if we can make the right deal. President Trump said he is extending his deadline again for Iran to reopen the Strait of Hormuz. The key shipping route has been effectively closed for weeks, snarling global markets. If Iran doesn't comply, Trump is threatened to destroy the country's power plants. The president's first deadline was this past Monday. He then delayed it to today, and he's now set it for April 6th. He said Iran had asked him to push it back, as the two countries have started talks about ending the war. The United States For almost six weeks... Many arrived at the airport this morning three, four hours early... There has been growing chaos at American airports, with 50,000 TSA workers going unpaid, as senators have sparred over funding for the Department of Homeland Security. ...lines still snaking through baggage claim and out the door. But just after 2 a.m., the Senate passed a funding measure that would cover most parts of the department. The TSA, along with FEMA and the Coast Guard. The bill has one clear exception, though. No new money for ICE or Border Patrol. Those DHS agencies have been at the center of the fight, with Democrats refusing to fund them without restrictions on agents. The legislation is now headed for a vote in the House, which is expected to happen this morning. Before the vote, President Trump surprised many when he posted on social media that he had a plan to pay TSA agents. He said he was going to order the DHS secretary to do it. Trump offered no details about where the money would come from, and it's unclear why, if this was an option, he waited more than a month to help get the TSA agents paid. And one last update on the administration. The Treasury Department has announced that starting later this year, President Trump's signature will appear on U.S. dollars. For more than a century, American currency has been signed by the Treasury Secretary and the U.S. Treasurer. Now, Trump's autograph will replace the treasurer's, making him the first sitting president to ever have his signature on the bills. The Treasury Department said the move was being made in honor of the country's 250th birthday this year. The latest in a string of examples of Trump effectively rebranding national institutions. He's added his name to the Kennedy Center. There's been an effort to rename Washington's Dulles Airport after him. And Trump has pushed the idea of minting a $1 coin with his face on it. Across the U.S., with big tech companies competing in an all-out AI sprint, data centers have been popping up on what used to be pastures and forests and farmland. The massive facilities have already raised concerns about how much power and water they need. But The Times has also been tracking a controversial new type of construction that's happening right next to them. What was really shocking to me is just how quickly tech companies are ditching the power grid and saying, you know what, we're going to build our own power plants. Rebecca Elliott is a reporter on The Times' business desk. She says that because it can take years to get all the infrastructure set for a new data center to be connected to the normal power grid, companies are rushing to set up giant gas turbines and engines to make their own electricity. Near Columbus, Ohio, for example, three gas-fired power plants exclusively for data centers are currently under construction, and a fourth one is being planned. One of the concerns that communities around these off-grid power plants have is how these new generating facilities will affect air quality. In many cases, the equipment being used is more polluting than what you would typically find at a big power plant. In addition to worries about air pollution, some of the people who've had these big power plants pop up next door are speaking out about noise pollution too. One Mississippi resident told The Times that he's been recording measurements inside his house that are roughly equivalent to the sound of a vacuum cleaner going 24-7. Amid noise complaints, the company that built the power plant installed a $7 million anti-sound barrier earlier this year. And finally... The new season of baseball is upon us tonight, live from Oracle Park. The 2026 season for Major League Baseball has kicked off with opening day, and if you're a fan who wants to watch at home, it could cost you more than ever. A decade ago, for example, if you were a Yankees fan in New York, you needed a cable subscription to watch all the regular season games and the playoffs. A cable subscription, as in just one. Now, catching all 160-something games could mean navigating 10 networks and 5 or more subscriptions. This year, the team's opening game was exclusively on Netflix. The cost of all that together is approaching $800 if the Yankee season goes all the way to October. It also basically makes it the world series of trying to remember your password to log in to all the services. The sprawling tangle and the expense are the byproducts of the MLB trying to keep up its television revenues in a media sphere that's now focused on streaming and has become super fractured. The situation has obviously riled up fans and even prompted the Federal Communications Commission to look into whether there's anything the government can do about how hard it's become to just sit on your couch and watch a game. Those are the headlines. If you'd like to play the Friday News Quiz, stick around, it's just after these credits. This show is made by Will Jarvis, Margaret Kadifa, Jan Stewart, and me, Tracy Mumford. Original theme by Dan Powell. Special thanks to Isabella Anderson, Larissa Anderson, Miles McKinley, Zoe Murphy, Paul Schumann, and Chris Wood. Now, time for the quiz. Every week we ask you a few questions about stories The Times has been covering. Can you get them all? Here we go. Recently, a number of countries around the world have been putting out urgent announcements. Sri Lanka said every Wednesday will now be a national holiday, telling people not to work. South Korea is urging people to start riding their bikes more. And Egyptian media has reported that there will be a 9 p.m. curfew going into place for restaurants and stores. Your question, what's causing this flurry of new guidelines? The answer? It's the energy crisis caused by the war in Iran. With oil and gas exports from the region largely cut off, countries across the globe are trying to figure out how to cut back. Some of the suggested restrictions are intuitive. Drive less, carpool. But some are highly specific. One of South Korea's 12 recommendations is to only use your vacuum cleaner on the weekend. Okay, next up. Live from London, excited! This past weekend, Saturday Night Live jumped the pond with a new British version of the sketch show. The cast is British, the writers are British, and unsurprisingly, they're trying a lot of British impressions. Before we commence, there is a mystery I should like to solve. That was Agatha Christie, played by Tina Fey, who was hosting the premiere. Your question, what's the story behind the film? Hi, Donald! I'm afraid I can't go to war with you. But that doesn't mean we can't still be chums. Who is this an impression of? We'll play a little more here. I know how badly you want to start World War III, and that's great. It's absolutely true. The answer? That's supposed to be a very awkward Prime Minister Kier Starmor, nervously dialing up President Trump. Whether SNL's style will catch on with British audiences is still an open question. They've only greenlit eight episodes to start, but the Starmor sketch did make an impression badly. I'm afraid I can't go to war with you. But that's not a question. They've only greenlit eight episodes to start. But the Starmor sketch did make an impression back in the US, where Trump himself shared it on social media. And last question. The Times has a series called Overlooked, which features obituaries of remarkable people, whose deaths originally went unreported in the Times. There's so much fun for everyone. My colleagues covered the life of Eleanor Abbott, the creator of a very famous board game. Will you be the first to my castle? She designed the colorful game during an outbreak of polio in the 1940s. She wanted to give all the kids stuck in the hospital something to take their minds off their dreary surroundings. What game did she create? The answer? This is Candyland, a place you pretend to visit when you play this game. Candyland. The game hit shelves in 1949 and cost a whole dollar. If you can track down one of the original boards, the artwork includes what some think is actually a nod to its origins. It has a drawing of a boy with a thin line running down his leg, which looks a lot like the brace some kids had to wear after getting polio. Up until Abbott's death in the 1980s, she donated much of her royalties from Candyland to children affected by the disease. And that was not a small amount of money since the game was a runaway hit, according to one estimate. More than 60% of American households with young kids own Candyland. All hail Lord Licrish. That's it for the news quiz. If you want to tell us how you did, our email is the headlines at nytimes.com. I'm Tracy Mumford. The headlines will be back on Monday. If your team isn't using your CRM, it isn't working. Pipe Drive is a simple CRM. It's easy to use so you can focus on closing. Get 30 days free at pipedrive.com forward slash audio.