Welcome back to The Daily Courant, your afternoon compendium of Puck’s best new reporting. Today, we lead with Lauren Sherman’s thrilling investigation into the great Phoebe Philo experiment, as the enigmatic and generationally talented designer sends her latest “delivery” to market. Sure, the brand’s influence is obvious across the industry, but determining how the collections are actually selling is a smidge trickier. Lauren uncovers some clues… Plus, below the fold: Peter Hamby unveils exclusive polling data illuminating Trump’s biggest political weakness, and examines why Democrats are struggling to leverage it. John Ourand summons Michael Nathanson for a riveting dialogue about whether cable TV is cannibalizing itself. And Scott Mendelson delivers a poignant eulogy for the once-reliable Oscars box office bump. Meanwhile, on the pods: Matt Belloni is joined by Lucas Shaw on The Town to dissect Netflix’s record-breaking quarterly earnings report. On Fashion People, Lauren takes an international call from Jacob Gallagher to rehash Peter Copping’s Lanvin debut and Kim Jones’s potential swan song at Dior. On The Grill Room, Dylan Byers links up with John to mull over the NFL’s Chiefs fatigue. And on The Powers That Be, Puck’s new chief Washington correspondent, Leigh Ann Caldwell, previews the tension between Trump and Capitol Hill.

FASHION

After a few years of magical thinking, the great Phoebe Philo experiment is entering its next stage of growth. And yet, while there’s no designer more talented or in touch with desire than Philo, it’s hard to tell how well the collections are selling, for various reasons: It’s a private company, the brand is incredibly expensive, you can’t find it on discount, etcetera. As Lauren notes, from a design perspective, the collections are only getting better, and when we look back on this hard-edged, unsentimental period in fashion, Philo’s imprint on just about everyone will be undeniable. But will this instantly legendary business fall victim to a case of “the startups”? Read Now

WASHINGTON

Peter unpacks our latest exclusive poll, produced in partnership with Echelon Insights, focused on how Democrats are orienting themselves (or… not) to the early days of Trump II. As it turns out, voters generally support some of Trump’s early executive orders, especially on immigration and certain culture war flashpoints, which helps explain why out-of-power Democrats are so paralyzed as they figure out how to respond to Trump’s relative popularity. But the poll also shows that voters are deeply skeptical about Trump’s coziness with tech billionaires—the seeds of a potential future populist backlash, if Democrats can figure out how to exploit it. Read Now

SPORTS

Facing the inexorable decline of the television industry, the last of the cable cowboys are throwing their energy behind a not particularly new strategy: bundling. In recent weeks, both DirecTV and Comcast have begun offering small packages of news and live sports channels, priced below their basic subscription tiers—an offer eerily similar to the one they wanted to destroy Venu over. For more on the business logic, John called up analyst Michael Nathanson to discuss the harrowing path forward for both traditional distributors and the networks they carry, before turning to Netflix’s sports ambitions, Fox Sports’ streaming future, and more. Read Now

HOLLYWOOD

Oscar nominations can give any individual movie a boost at the box office (see: last year’s The Zone of Interest). But unless a big mainstream hit catches a lucrative second wind, the impact is significantly less now than it was in the pre-streaming era. This past weekend, however, just days after the nominees were announced, the box office was objectively… meh, totaling just $66 million in domestic revenue. But, as Scott notes, there’s still some upside to chasing awards season glory. Read Now

HOLLYWOOD

Matt is joined by Bloomberg’s Lucas Shaw to break down Netflix’s quarterly earnings report, which revealed that the streamer added nearly 19 million subscribers, underscoring how its stock price hit $1,000 a share. As one of the most valuable media companies, where else does Netflix have room to grow? Matt and Lucas also make a correction to the 2025 Box Office Draft from last week. Listen Now

FASHION

Lauren is joined by New York Times reporter Jacob Gallagher, calling in live from Paris, where he’s covering the men’s shows and Couture. They discuss Peter Copping’s debut at Lanvin, Kim Jones’s emotional (and potentially final) show at Dior, the appeal of Auralee, and leather jackets. Jacob also recalls Milan Fashion Week, which happened a whole eight days ago. Finally, the duo share their mutual admiration for Bally designer Simone Bellotti, who Lauren reports has a new job. Listen Now

MEDIA

John Ourand joins Dylan for an insider’s look at how the NFL is preparing for the upcoming Super Bowl in New Orleans—and whether the league is feeling the effects of small-market Chiefs fatigue. The duo also delve into the crucial role of live-sports rights in keeping media businesses afloat, and explore how streaming giants like Amazon and Netflix are reshaping the future of sports broadcasting. Listen Now

WASHINGTON

Puck’s newest partner and chief Washington correspondent, Leigh Ann Caldwell, joins Peter to explain the growing rift within the G.O.P. as the party wrestles with whether to roll Trump’s ambitious agenda into one sweeping “big, beautiful bill” or split it in two. Plus, Leigh Ann previews two highly anticipated nomination hearings this week, with Tulsi Gabbard and R.F.K. Jr. gearing up to face intense scrutiny from skeptical Senate committees. Listen Now

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