Name: The Food Stamp Reform is Working
Uploaded: 2026-09-06T15:31:00Z
Duration: 5 min 23 s
Description: Journal Editorial Report: Will Republicans sell their policy success?

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Kevin Rudd, former prime minister of Australia and Global President and CEO of Asia Society, breaks down China's hidden economic struggles and status of its military. This interview was filmed on Sept. 24, 2026 at Journal House during the United Nations General Assembly.

https://m.wsj.net/video/20261001/f48f85fa-373e-4649-88ce-b4904a8e0007/1/hls/manifest-hd-wifi.m3u8

Is China Experiencing ‘Premature Hubris?’

Former Australia Prime Minister Kevin Rudd calls out Sam Altman and criticizes a "cavalier culture" in Silicon Valley after an OpenAI agent hacked an Australian government website. This interview was filmed on Sept. 24, 2026 at Journal House during the United Nations General Assembly.

https://m.wsj.net/video/20261001/0e2dcd9d-a816-4b80-94ab-9013522e49ff/1/hls/manifest-hd-wifi.m3u8

Kevin Rudd: Altman Must ‘Lift His Game’ after OpenAI Data Breach

Kevin Rudd, former prime minister of Australia and Global President and CEO of Asia Society, spoke with Barron's editor at large Andy Serwer at Journal House during the United Nations General Assembly. This interview was filmed on September 24, 2026.

https://m.wsj.net/video/20260925/8fbbf5c1-07f0-41ea-9bb3-c53375d85b6b/1/hls/manifest-hd-wifi.m3u8

Kevin Rudd on China, AI and U.S. Relations

When the market dips, David Booth, founder of Dimensional Fund Advisors, doesn't panic. Here's why.

https://m.wsj.net/video/20260918/a944ff0a-c2c4-44fa-b9b6-bc9c0dd32672/1/hls/manifest-hd-wifi.m3u8

David Booth on Why You Shouldn't Panic Sell

If active managers aren't beating the market, what's their purpose? David Booth, founder of Dimensional Fund Advisors, weighs in.

https://m.wsj.net/video/20260918/1881735b-4b65-4ace-88a8-a18f3d836007/1/hls/manifest-hd-wifi.m3u8

David Booth on Active Managers vs. Indexing

David Booth, founder of Dimensional Fund Advisors and the author of the book "Stay Calm: Learn to Embrace Uncertainty in Investing and Life," spoke to Barron's editor at large Andy Serwer. This interview was filmed on August 24, 2026.

https://m.wsj.net/video/20260917/c959ddba-57f7-4a69-b429-e22566446dbf/2/hls/manifest-hd-wifi.m3u8

'Stay Calm' Author Discusses the Science of Investing

University of Miami's Joe Echevarria discusses student athlete pay and league realignment.

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University of Miami President and CEO on the Future of College Sports

University of Miami's President and CEO, Joe Echevarria, former CEO of Deloitte, talks to Barron's Andy Serwer about engaging the business community.

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Ex-Deloitte CEO on Connecting College to the Corporate World

At Barron's

"Your 9-5...is just not going to do it," Nick Magguilli, personal finance expert, said on Barron's Streetwise podcast.

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How to Scale Your Net Worth

TJ Thornton, Head of Global Research Product Marketing at BofA Securities, talks to Jack Hough about his favorite stocks outside of AI.

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BofA’s Favorite Non-AI Stocks

Jack Hough talks to TJ Thornton, Head of Global Research Product Marketing at BofA Securities about diversifying stocks to hedge AI risks.

https://m.wsj.net/video/20251210/8e164ff7-1500-4c2f-8713-e891c640a0f4/1/hls/manifest-hd-wifi.m3u8

Evaluating Investing Opportunities Beyond AI

Steve Quirk, chief brokerage officer at Robinhood, breaks down the value of tokenizing stocks in different markets.

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Unpacking Tokenization for Everyday Investors

Jack Hough talks to Steve Quirk, chief brokerage officer at Robinhood, about trends in retail investing.

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How Robinhood Reshaped the Trading Landscape for an Entire Generation

Streetwise host Jack Hough sat down with strategist Scott Wren to discuss how the AI-fueled market run stacks up against the dot-com boom.

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AI vs. The Dot Com Bubble

Bank of America’s Haim Israel shares what’s next for Nuclear Energy development.

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The Outlook For Nuclear

Jack talks to Lyft CEO David Risher about growth potential in the company.

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Lyft's Ride to Profit

The stock market is expensive. What does that mean for your portfolio? Jack sits down with Franklin Templeton’s Matt Quinlan to talk dividend investing, and whether it’s a good move in a pricey market.

https://m.wsj.net/video/20250911/9c85e132-d710-4458-9467-aa69d4f25ae0/1/hls/manifest-hd-wifi.m3u8

Dividends and Capital Appreciation

Barron's Streetwise

Spuds Powell, managing director at Kayne Anderson Rudnick, says the best way to raise children and grandchildren is to “model great behavior and lead by example.”

https://m.wsj.net/video/20260914/382ebb7d-921e-4e2b-9b83-b50e5dfeccba/1/hls/manifest-hd-wifi.m3u8

Talk Is Cheap. Legacy Requires Modeling Values.

Interviews with top wealth management professionals about topics including compensation, hiring, marketing, next-gen, and more.

“You don’t want to tell people what they want to hear,” says Spuds Powell, managing director of Kayne Anderson Rudnick. “You want to tell people what they need to hear.”

https://m.wsj.net/video/20260914/44f98bce-77aa-414b-9c62-bbd1b84e72be/1/hls/manifest-hd-wifi.m3u8

Building Trust With Clients During Rocky Markets

Spuds Powell, managing director at Kayne Anderson Rudnick, tells Greg Bartalos, Editor-in-Chief of Barron’s Wealth & Asset Management Group, that “Constructive criticism, delivered in any tone, can be a gift when you’re willing to hear it.”

https://m.wsj.net/video/20260914/0a01be81-f9c1-4c1a-971f-5de729900f96/1/hls/manifest-hd-wifi.m3u8

How ‘Difficult Clients’ Can Help Advisors Grow

Fun moments can strengthen relationships as much as serious ones, says Spuds Powell, managing director at Kayne Anderson Rudnick, who shares a prank that a client played on him.

https://m.wsj.net/video/20260914/16ad0cff-752b-4062-b2ab-1b3012874ccc/1/hls/manifest-hd-wifi.m3u8

Lighthearted Moments Can Build Client Relationships

Treating clients' children as clients provides valuable training for next-gen advisors while deepening multigenerational family relationships, says Peter Lee, a founding partner at Summit Trail Advisors.

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Summit Trail Advisors’ Approach to Multigenerational Planning

Peter Lee, a founding partner at Summit Trail Advisors, says that having team members share ownership and revenue responsibilities ensures that clients are treated as firm assets rather than individual accounts.

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‘One Team, One Dream’

Peter Lee, a founding partner at Summit Trail Advisors, and Jon Nickow, a principal, explain why career advancement is a gradual, multi-year process.

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Developing Homegrown Talent Requires Patience

Peter Lee, a founding partner at the firm, and Jon Nickow, a principal, discuss the RIA’s approach to developing internal talent with Greg Bartalos, editor-in-chief of Barron’s Wealth & Asset Management Group.

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Summit Trail Advisors’ Strategy for Growing Talent From Within

“We want to win the talent game, and you do that by being very clear on career paths, talking to people about what's working for them, what's not, and what are they interested in?,” says Mike LaMena, the CEO of Wealthspire.

https://m.wsj.net/video/20260727/a5e5c3ad-2b2b-4daf-bce3-604be5504022/1/hls/manifest-hd-wifi.m3u8

The Importance of Career Paths and Loving What You Do

Barron's Advisor The Way Forward

A “willingness to roll up your sleeves and understand the issues that your clients are facing, not just from an investment perspective,” is common among the industry’s most successful, says Kelly Gaur, a Mercer Advisors regional vice president.

https://m.wsj.net/video/20260319/318adb2f-a888-4f30-b182-c791e27f98ab/1/hls/manifest-hd-wifi.m3u8

Best Advice for Someone Considering Wealth Management as a Career

Kelly Gaur, a Mercer Advisors regional vice president, says she was drawn to working for a registered investment advisor partly because they generally offer a more personalized, modern approach to wealth management.

https://m.wsj.net/video/20260318/5575e9ca-0b48-4fb9-8e43-82aae1b3e3fc/1/hls/manifest-hd-wifi.m3u8

The Appeal of Working for an RIA

“The best client development professionals are those who have served clients in some capacity,” says Kelly Gaur, a Mercer Advisors regional vice president.

https://m.wsj.net/video/20260318/c1638929-6b21-4573-9deb-4f78e1ffa1d7/1/hls/manifest-hd-wifi.m3u8

Client-Facing Experience Can Help Advance Your Career

The Mercer Advisors regional vice president discusses her business development role and tips for breaking into the industry and gaining valuable experience in a non-advisory capacity.

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Kelly Gaur: Tips for Pursuing Non-Advisor Roles in Wealth Management

“You want to make sure that everybody's excited and prepared and that you're all pulling the rope in the same direction,” says Nate Fisher, managing director and wealth advisor at Carson Wealth.

https://m.wsj.net/video/20260305/20285ef5-c115-435f-9291-e4f2d5b166a9/1/hls/manifest-hd-wifi.m3u8

A Successful Transition Requires Honesty and a ‘Heavy Lift’

Young advisors considering a succession plan should maximize engagement with clients because “it can take a long time to gain that trust and build those relationships,” says Nate Fisher, managing director and wealth advisor at Carson Wealth.

https://m.wsj.net/video/20260305/236fdaa2-5acb-48e9-b16d-e20b58846487/1/hls/manifest-hd-wifi.m3u8

Succession Planning and Establishing Trust With Clients

The Carson Wealth managing director and wealth advisor says his decision to partner with the firm was driven by the need for increased capacity for holistic services and a clear succession plan for his retiring father.

https://m.wsj.net/video/20260305/33bb1217-c8be-4358-ba17-6238cbab6fa1/1/hls/manifest-hd-wifi.m3u8

Nate Fisher: Lessons Learned From a Successful Partnership

As trust grows, advisors tend to spend less time discussing investments and more time on clients’ families and well-being, says Nate Fisher, managing director and wealth advisor at Carson Wealth.

https://m.wsj.net/video/20260305/d2d3903a-994f-4ae7-82be-706929930b3d/1/hls/manifest-hd-wifi.m3u8

Trusted Advisors Focus Less on Investments, More on Clients' Lives 

Serving tech founders is a full-time, long-term effort that often requires significant upfront work before a successful, revenue-generating relationship is established, says Katie Partridge, a Morgan Stanley private wealth advisor.

https://m.wsj.net/video/20260219/abc63bad-4c7a-474b-b4a8-b4feae461375/1/hls/manifest-hd-wifi.m3u8

Landing Founders as Clients Requires Patience and Hard Work

Barron's Advisor Next Generation

Government policy shapes retirement regardless of savings or lifespan. With Social Security's trust fund facing a 2033 shortfall, what fixes are coming? Our experts discuss policy shifts and how to budget your benefits.

https://m.wsj.net/video/20260410/aea80278-298b-458e-8bcd-f378796d6328/2/hls/manifest-hd-wifi.m3u8

What's Next for Social Security?

Stocks swoop and soar as investors weigh AI hype against rate-cut "tea leaves." Our panelists explain how to drown out the noise, chart your own winning path,and identify investments that offer true long-term rewards.

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Riding the Market Roller Coaster

The capture of Venezuela’s Nicolás Maduro and Middle East tensions are reshaping oil supply expectations. The U.S. is intervening in energy markets in decades-unseen ways. Experts break down what’s next for oil, gas and energy stocks.

https://m.wsj.net/video/20260212/9779ec13-602a-4a38-bb73-495ff464a24f/1/hls/manifest-hd-wifi.m3u8

Oil and Gas in a Volatile World

For the first time in decades, U.S. power demand is rising - driven by AI data centers, EVs and electrification. Utility and clean-energy stocks are climbing, but costly buildouts threaten affordability. We explore what’s next for the power trade.

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The Gold Rush in Electricity

Will Nvidia and other technology companies keep powering the stock market in 2026? We'll speak with two veteran money managers about their views on tech and their favorite stocks for the coming year.

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Finding Bargains in a Pricey Market

Explore what could go right for investors, and what could go wrong, in a year that will see the AI trade evolve, the Fed's leadership change, and global competition for resources increase in this 2026 Outlook.

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Meeting the Challenge

Stocks are expensive, risks abound, and AI is about to change the world. Other than that, building a calamity-proof retirement portfolio should be a cinch. Tune in as two veteran money managers size up the markets and share their investment ideas.

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Saving for a Sunny Day

Research shows that people greatly underestimate the healthcare costs they’ll face in retirement. Learn from experts how to estimate those costs, prepare for potential long-term care needs, and manage healthcare expenses in retirement.

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Are You Fiscally Fit?

Surging power demand, new energy sources, and growing competition have spurred the utility industry to become more innovative than ever before. Our panelists will unpack the changes afoot and explore what lies ahead for companies, customers, and investors.

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Not Your Father's Utility

Barron's Roundtable

Whether you're leading a transition, building a scalable team, or just trying to stay ahead of the curve, this episode will give you practical insights to lead smarter and grow stronger.

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Next-Gen Leadership Meets Smart Innovation

Electric vehicles sales are growing but not at the pace some expected. Some would-be buyers worry about the range of EV charging, and others are swayed by politics. But innovators from Detroit to Silicon Valley still envision a dramatic shift in how we get around. What’s going on and what’s next?

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Forces Shaping EV Adoption and the Future of Driving

Success in improving the power grid to accommodate the electricity demands of the future will be a boon for companies doing the work and utilities that succeed. Explore the investing risks and opportunities.

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How to Invest in Initiatives to Bolster the Power Grid

Joanna Rotenberg, Fidelity's president of personal investing, discusses ways to make investing more accessible and how to bolster your own financial security.

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Mind the Gap: Demystifying Investing

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Decoding the College Search and Financing Puzzle

Nicole Webb, financial advisor and SVP at Wealth Enhancement Group, shares ways to navigate the real estate market this spring whether you are a first-time buyer, a retiree downsizing or someone who is relocating or looking for a second home.

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Pro Tips on Buying and Selling a Home

Reggie Fils-Aimé, former president and COO of Nintendo of America, joins Barron's deputy editor Alex Eule to discuss his unlikely rise to the top, and the risks he took once there to beat the odds and achieve success.

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How Nintendo's Former President Disrupted the Gaming Industry

2050 Wealth Planners co-CEO Lazetta Rainey Braxton, Sequoia Financial Planners vice president Elizabeth Scheiderer, and MoneyZen founder Manisha Thakor offer tips on how to prepare for recession, inflation, caregiving needs.

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Financial Advice for the Inflation-Weary

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Sustainable Investing and the Wealth Transfer

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Journal Editorial Report: Will Republicans sell their policy success? Photo: Joe Raedle/Getty Images

https://m.wsj.net/video/20260904/fc30e65e-db56-43af-859f-3104597681c2/1/hls/manifest-hd-wifi.m3u8

Journal Editorial Report: Will Republicans sell their policy success?

The Food Stamp Reform is Working

A good news story this week, courtesy of the US Department of Agriculture. Newly released data show that food stamp enrollment fell to 36.6 million from 42.3 million between May 2025 and May 2026, thanks in large part to reforms, including expanded work requirements contained in the GOP's One Big Beautiful Bill. So are there lessons in the decline for future entitlement reform? We are back with our panel. Allysia, dig into the reasons, specific reasons in the bill for why the food stamp rolls are declining.

I think there are three major reasons. One is, as you noted, the Republicans toughened the work requirements and extended them to abled-bodied adults and parents who have kids over age 13, as well as for adults ages 55 to 64. They also ended this kind of a regulatory loophole that allowed states to suspend the work requirements if there were quote unquote "insufficient jobs," which was really a loosey-goosey way that Republicans, or the Democrats in many states, got around these work requirements. And then third, what the Republicans did is that they required states, put them on the hook for quote unquote "improper payments" if their error rates were above 6%. And this essentially gave them an incentive to verify the incomes and the people who were actually receiving food stamps were actually eligible.

So Kyle, the response from the critics of the bill and the reform is that this is a tragedy. This is terrible. This means not that we're cleaning up the rolls, but that people are being denied the food help assistance that they should be getting. What's your response to that?

Yeah, I mean, I think the left and progressives often measure these programs by how much money is going out the door. And often a lot of them are on board with the idea of the universal basic income-like program. So they don't mind the idea that the government ought to be writing everybody in America a check every-

But what about food assistance here? That's what we're talking about. I mean, are people going hungry out there?

No, I don't think so. And I think Republicans, one lesson from this is that they can defend reforms to these programs that most voters see as common sense. If you are an able-bodied American, you ought to be working. There ought to be a work requirement for those programs. It ought to not just be a universal kind of handout. And I think that that's an attitude and approach that Republicans could take into the future as we start to look at the, you know, the social security program reaching its insolvency date.

So Kim, what's the amount of money saved here? Do we know? And which states are doing the best?

Yeah, well, there was an estimate that this was gonna be $107 billion. It's more like about 85. So this is real money that is being saved. Yeah, I mean, it's really, 'cause it's knocking down the baseline as well too, Paul, a weird budgetary thing, but it matters in the way that money goes out the door in Washington. And you know, what's really interesting is, some of these states, clearly their programs were entirely out of whack. I mean, you know, the rolls, for instance, in like Arizona were like 50% decline. You know, and that comes down to simply states that are not following the rules, not requiring able-bodied adults to work, and also having these waivers and like Allysia said, loosey-goosey definitions. Interestingly, a nice and curious mix, those states with some of the biggest drops, red states, some blue states. But you know, again, this is about whether or not you have the incentives in place to make states have to police their own programs. And that's what Republicans did right in this bill.

Yeah, Allysia, they gave states a stake in actually policing the rolls, in a way, rather than say the feds will just pay 100% of whoever you happen to put on the rolls, right?

Well, I think that's exactly right. And if they make payments to people who aren't eligible, then they are on the hook for a larger share of their food stamp benefits. Now, I think there are lessons for this Medicaid program for Congress, because right now Congress covers or Washington covers 90% of the payment for able-bodied adults who received eligibility under the Obamacare expansion. And this has really deterred states from policing their Medicaid rolls and cracking down on fraud. So I think reducing that payment match rate for Medicaid down to something more reasonable like 50% would go a long way in cracking down on abuse, waste and fraud.

Well, briefly, Kyle, why aren't Republicans talking about this more?

I mean, I think they're a little bit gun shy and they have a history of backing away from these programs because a lot of them are uncomfortable. They don't know how to answer these attacks. And I think our colleagues here have done a pretty good job, Republicans in Congress could take a lesson from watching how our colleagues talk about this.

And work requirements are popular.