Andrew Horowitz, host of The Disciplined Investor and DH Unplugged, stepped into the guest co-host chair for Episode 1908 of the No Agenda Show, titled ‘Chivatican,’ released on October 1, 2026. Broadcasting from the Texas Hill Country alongside regular host Adam Curry, Horowitz brought a markets-oriented perspective to the show’s trademark media deconstruction. The episode, available at Episode 1908 of the No Agenda Show, runs three hours and covers tariffs, jobs numbers, artificial intelligence, and a hijacking mystery over Saudi airspace.
The pair, who have known each other for roughly 15 years and share a history with the late John C. Dvorak, delved into the $15 billion Mesabi Metallics/SR steel plant deal in Iowa, dubbed ‘Patriot Pellets,’ and the Section 232 tariffs that enabled it. Horowitz dissected Commerce Secretary Howard Lutnick’s Oval Office pitch alongside Iowa TV6 reporting that no permits have been filed and no major Lee County land has been purchased for the plant. He contrasted Cleveland-Cliffs’ North American pellet dominance with Brazil’s Vale, flagged the Indian ownership of SR Technologies, and connected the timing to the midterms.
On economic data, the show examined Kevin Hassett’s shifting commentary on BLS jobs reports, PCE methodology changes, and ShadowStats founder John Williams. They also discussed Scott Bessent’s bond-buying ‘blunder,’ private credit refinancing walls, and commercial real estate losses. The conversation extended to Trump’s rebrand of AI as ‘SI’ (super intelligence) and Anthropic’s reported $2 trillion IPO prospectus. Curry championed Meta’s Muse assistant, predicted the collapse of traditional podcast apps, and recounted building a prototype ‘while watching West Wing.’ Other AI-related figures such as AOC, Bill Gates, Jensen Huang, Sam Altman’s ‘Dots’ launch, Pope Leo’s Chicago-accented AI remarks, and Pete Hegseth’s Pentagon purge were also run through the deconstruction machine.
A significant portion of the episode focused on the FlyDubai cockpit stabbing incident and Netanyahu’s pre-election messaging. Curry hammered the shifting official story on FlyDubai Flight to Tel Aviv, noting conflicting ABC, BBC, and Netanyahu accounts of whether the plane dropped from 34,000 to 16,000 feet in two or three minutes, whether a knife or crash axe was used, and the now-famous Israeli plumber who allegedly leveled the aircraft. Horowitz’s investing philosophy got its own set piece when he recounted a horseback ride in Costa Rica with his wife Jill. ‘The horse doesn’t want to fall off the mountain just as badly as you don’t want to fall off the mountain. Hang on to the horse. It’s the same thing with these markets.’
The episode’s depth comes from its specificity, offering listeners a finance-forward analysis that stands out in recent memory. By combining Horowitz’s markets expertise with Curry’s skeptical deconstruction, the show provides an alternative take on the forces shaping daily news. As a listener-supported value-for-value podcast, No Agenda continues to offer an irreverent counterpoint to mainstream analysis, powered entirely by its audience of producers, knights, and dames. Episode 1908 ‘Chivatican’ is available now wherever podcasts are heard.
