The Pour Over Today - Warren Buffett Steps Down as CEO, Trump’s Budget Proposal, Kentucky Derby, & More | 5.05.25

Episode Date: May 5, 2025

Today we’re talking about Warren Buffett stepping down as CEO of Berkshire Hathaway; Trump’s budget proposal that slashes spending in most areas; Kentucky Derby results; and other top news for Monday, May 5th. Stay informed while remaining focused on Christ with The Pour Over Today. Please support our TPO sponsors! Upside: https://links.thepourover.org/Upside Cru: give.cru.org/pour LMNT: https://links.thepourover.org/LMNT_Podcast Student Life Application Study Bible: https://links.thepourover.org/SLASB_Pod Stress Less: https://links.thepourover.org/StressLess Platforms to Pillars: https://links.thepourover.org/PlatformstoPillars Subsplash: subsplash.com/tpo CSB: https://links.thepourover.org/CSB_podcast Field of Greens: FieldofGreens.com

Hey, this is Joe at The Poor Over. And this is Zan at The Poor Over. Today, we're talking about Warren Buffett stepping down as CEO of Berkshire Hathaway, Trump's budget proposal that slashes spending in most areas, Kentucky Derby results, and other top news for Monday, May 5th. Stay informed while remaining focused on Christ with The Poor Over today. Here's your verse of the day. The Lord will watch over your coming and going both now and forevermore.

Psalm 121, 8. Let's get started with some espresso shots. Warren Buffett will step down as CEO of Berkshire Hathaway at year's end after 60 years at the helm. The 94-year-old Omaha native took over a struggling textile company in 1965 and turned it into a $1.16 trillion conglomerate amassing a personal fortune of $168 billion along the way. Buffett is beloved for his folksy, common sense, financial wisdom, and philanthropy. He's donated over $58 billion throughout the years and pledged to give away 99% of

his fortune. Buffett said he will hang around but is giving the final say on all company operations and investment decisions to 62-year-old Greg Abel. Abel has worked for Berkshire for 25 years, rising through the ranks. Now, he'll be in charge of its portfolio of 200-plus companies, including Geico, Dairy Queen, and significant stock holdings of public companies like Apple and Coca-Cola. Whether your portfolio is Buffett-sized, tumbling, or non-existent, remember, you won't bring your earthly treasures to heaven. Keep your focus on the giver of good gifts, steward money wisely, and share generously

with others. 2 Corinthians 8 verse 9 says, For you know the grace of our Lord Jesus Christ. Though he was rich, for your sake he became poor, so that by his poverty you might become rich. Journalism was favored, but sovereignty took the crown at the 151st Kentucky Derby. Great names. Great names. This year's field made history as all 19 horses descended from legendary thoroughbred

Secretariat. The equine family reunion was rainy but exciting. Sovereignty trailed until the final muddy turn, pulling ahead to earn a blanket of 554 red roses and $3.1 million for his owners, breeders, trainers, and jockey. It was Venezuela and jockey, Junior Alvarado's first Derby win after six appearances

and the second for trainer Bill Mott, whose country house won in 2019 after the initial winner was disqualified. There's no time to horse around though. If sovereignty is competing for the Triple Crown, the next race, Preakness Stakes, is just 12 days away. Here's a verse to consider whether your favorite horse won, lost, or you'd really rather read a good book. Rejoice always, pray constantly, give thanks in everything, for this is God's will for you in Christ Jesus. 1 Thessalonians 5, 16-18.

President Trump is breaking out the shears. On Friday, the White House proposed pruning $163 billion from Uncle Sam's 2026 budget by slashing spending on health care, education, housing, environmental programs, foreign aid, and medical research, including 40%-plus cuts to the National Institutes of Health and CDC. Not everything would shrink. Border security spending would jump 65%, and defense spending would get a temporary one-year 13% boost. The proposal faces an uphill battle in Congress, which ultimately sets the budget. Democrats call cuts too extreme, while key Republicans say defense spending

needs a sustained increase. Meanwhile, Trump signed an executive order attempting to halt federal funding for NPR and PBS, accusing them of partisan bias and calling government-funded news quote, outdated and unnecessary. The Corporation for Public Broadcasting has sued, arguing only Congress can control the network's funding. Believers may disagree about how governments should spend taxpayer dollars, but the command for followers of Jesus' funds is crystal clear. Prioritize heavenly treasure, generously help the needy, and run from greed. Are you rich toward God and your spending habits?

Luke 12, verses 31 through 34 says, But seek his kingdom, and these things will be provided for you. Don't be afraid, little flock, because your father delights to give you the kingdom Sell your possessions and give to the poor Make bunny bags for yourselves that won't grow old an inexhaustible treasure in heaven where no thief comes near and no moth destroys For where your treasure is there your heart will be also So I've tried greens powders before and let's just say I've had more enjoyable experiences accidentally getting sand in my mouth at the beach.

But field of greens, I was shocked. No grainy texture, no grassy aftertaste, just a smooth, actually tasty drink. Now I drink field of greens daily and I get two servings of fruits and veggies without even noticing. No weird extracts, no added sugar, just real food that supports energy, digestion, and metabolism. Plus, Field of Greens is packed with the antioxidants, prebiotics, and fiber I'd get from a fruit and veggie packed salad, but without the endless chopping. Basically, I've hacked nutrition in a way that I actually enjoy. Check out fieldofgreens.com and get 20% off your first order with code TPO20.

In other brews, here's a rapid round of updates. Without a star, you won't get far. probably. Starting Wednesday, travelers must show a real ID or another approved document like a passport to board domestic flights or enter secure federal buildings. If your license lacks the little star in the upper right corner, expect extra screening or denied entry. President Trump is threatening to have the IRS unexempt Harvard, doubling down on last month's threats during the $2 billion funding freeze faceoff. Most public and private colleges are tax-exempt, but Trump wants Harvard taxed as a political

entity for allegedly pushing political ideology. Harvard's president said the quote, highly illegal move would diminish the school's educational, research, and economic contributions. The NBA's all time winningest coach is putting away his whiteboard. San Antonio Spurs coach, Greg Popovich, who led the Spurs to 1400 plus wins and five NBA championships over 29 seasons,

stepped back Friday to become the team's president. Assistant coach Mitch Johnson, who's been calling the shots since the 76-year-old Popovich suffered a stroke in November, was officially tapped for head coach. Immigration enforcement continues to draw national attention. ICE admitted to wrongly raiding the Oklahoma home of U.S. citizens.

The intended targets had moved out two weeks earlier. Meanwhile, a federal judge ruled the Trump admin cannot use the Alien Enemies Act to deport alleged Venezuelan gang members, saying the wartime law only applies when an organized armed force enters the US. Welcome to anyone listening to this from Starbase, Texas. On Saturday, the 283 eligible voters living in the 1.5 square miles around SpaceX's facility and launch site in the southern tip of Texas voted overwhelmingly to incorporate as a city.

Most are SpaceX employees. CEO Elon Musk celebrated the news, which may ease the regulatory hurdles of rocket launches. That's all we have for today. Thanks so much for listening, TPO fam. If you're listening on the Apple Podcasts app, give us a 5-star rating and drop a review. If you're listening on Spotify, give us a follow and hit the notification bell to never miss a new episode. We're grateful for your support.

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