The Difference

The Difference

Join News Talk 1130 WISN’s midday personality, Dan O’Donnell, and the President / CEO of Annex Wealth Management, Dave Spano, each week for “The Difference”. Enjoy light-hearted conversation and opinion centered around investing, current events, consumer trends and much more. Weekly dialogue that will help make “The Difference” in your week! After decades of planning and preparation, Annex Wealth Management has established a way of doing business that promises the same warm, personal, one-on-one interaction to all their clients. Using state-of-the art technology, analytics and review, their staff of skilled professionals seek to confidently deliver an elite, full-service wealth management experience.

Episodes

Tacos, Tariffs, and Treasury: Understanding Trump's Economic Strategy

June 4, 2025 • 15 mins
In this episode of The Difference, hosts Dan O'Donnell and Dave Spano, CEO of Annex Wealth Management discuss the "TACOS" acronym (Trump Always Chickens Out), coined by critics like the Financial Times. They analyze Trump's tariff strategies, particularly the delayed TikTok ban and trade negotiations with countries like China, the UK, and Switzerland, framing these as leverage for freer trade rather than economic punishment. Dan an...
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"The safest debt in the world"

May 20, 2025 • 15 mins
Economic and political risk, who's spending whose money? Dan O'Donnell and Dave Spano discuss attempted cost reductions and slowed-down spending on The Difference.
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The China deal might affect more than tariffs

May 13, 2025 • 15 mins
It might be something in the air in Switzerland, but the United States and China were able to lay the groundwork for a deal that could change more than tariffs. The markets are responding. Dan and Dr. Brian Jacobsen talk about what may be impacted.
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A glimmer of tariff clarity?

May 5, 2025 • 15 mins
Tariff clarity remains elusive as tax policy stays murky. Fresh from another round of White House radio shows, Dan O'Donnell and Dave Spano reconnect to discuss a week where the S&P 500 revisited Liberation Day levels.
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Pretty ugly in the next 30 days

April 22, 2025 • 15 mins
Market gains rarely move in a straight line. As the next round of earnings calls approaches, Dave Spano will be listening for key insights from corporate leaders. Meanwhile, Dan O'Donnell warns that we may be in the calm eye of a looming debt hurricane.
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Are we in a recession?

April 15, 2025 • 15 mins
It's a 50/50-coin flip. Made even more complicated by shifting messages. Dave Spano and Dan O'Donnell chop up the latest. 
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Tariff downsides? Recession and demand destruction

April 7, 2025 • 16 mins
It's a tight game being played. Art of the Deal or potentially turning the midterms upside down? Dan and Dave discuss the week after Liberation Day. 
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Perception is greater than reality

April 1, 2025 • 15 mins
Recession predictions are on the rise. Liberation Day is April 2nd. Will that be enough for our Master-Negotiator-In-Chief? 
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It's the White House not the Waffle House

March 25, 2025 • 15 mins
Were we due for an economic detox? Dan and Dave discuss tariffs and tactics. 
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Tariffs. The Bear case. The Bull case.

March 10, 2025 • 15 mins
We're seeing how the sausage is getting made. Not pretty. But are conditions poised to spring back when certain hurdles are cleared?
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The 'message' behind tariffs isn't getting across.

March 4, 2025 • 15 mins
We're truly at the intersection of politics and economics when it comes to tariffs and foreign conflicts. 
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Insights from Dan's day broadcasting live from the White House

February 24, 2025 • 15 mins
What was it like to broadcast from 'radio row' at the White House and interview officials like Scott Bessent and Doug Burgum? Dan takes us behind the scenes. DOD also fessed up and said, "Dave, you were right" regarding previous thoughts about one of his guests. 
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How about growing our way out of this mess?

February 18, 2025 • 15 mins
"Why are people up in arms that (DOGE) they want to find fraud in the system?" 
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The economic tool for non-economic outcomes

February 10, 2025 • 15 mins
Tariff talk as shifting policy changes make for an uncertain environment. Plus, the subject of DOGE sets the boys up to utter 'big balls' at least 7 times.
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The Art of the 2025 Deal

February 3, 2025 • 15 mins
Economic tools for non-economic goals from Donald Trump. Plus, Dave Spano connects Ferris Bueller’s Day Off with the current trade standoff.
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DeepSeek day. Is this AI's 'Sputnik' moment?

January 27, 2025 • 15 mins
Did China’s AI bot leapfrog the competition? It sure rattled the markets. Dan and Dave discuss---and Spano makes the point it could have a Capitalism-like twist.  
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Inauguration Day. Proclamations and executive orders

January 20, 2025 • 15 mins
Front and Center: Immigration and Border Security. President Trump has a long list including tax cuts and deregulation. Dave suggests Wisconsin takes the UP back from Michigan. 
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What will Trump 2.0 look like? He’s been through the ringer, expect more efficiency

January 15, 2025 • 16 mins
First show of 2025. Dan shares more about WISN's extraordinary ratings performance before the guys settle into looking at next week's inauguration. 
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Trump, running things already

December 16, 2024 • 15 mins
Recorded on the day SoftBank announced a $100B investment in the US, Dave and Dan run through 2024 and look ahead to next year. 
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US bullish sentiment vs. worrisome geopolitics.

December 9, 2024 • 15 mins
Investor enthusiasm is high but global tensions are on the rise. Dave Spano warns us not to get over our skis. 
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