Thursday, January 15, 2026: Today on Young and Restless, Sally tells Audra her concerns about Billy, Cane and Billy discuss an opportunity, and Nick tells Phyllis she’ll lose her family over what she’s done.
Read the last Y&R recap: Cane and Phyllis shot down Victor and Nick defied doctors.
At home, Sally finds a note from Billy saying he went for a run to clear his head. She wonders if he’s just running away from telling her what’s going on.
She texts Audra to meet.
As Cane and Phyllis return to the train, she tells him how good it is to be a winner.
They’re surprised to find Nick waiting for them and he’s on crutches. He goes off on Phyllis for what she’s doing to his family.
Cane says taking down Newman was his idea. Phyllis tells Nick he’s not in any position to attack them.
Nick growls he and his family will crush them. Cane says he’s good at pounding his chest but the game has changed.
Billy sends him a text so Cane announces he has to go. On the way, he adds Victor could have avoided all this by just selling him Chancellor.
Phyllis tells Nick this was just business, not person.
Hobbling up, he accuses her of not giving a damn and reminds her of all she’s done to hurt their daughter.
She says Summer will be fine. Nick says that she will not come back from this and he will tell Summer all she’s done.
He accuses her of being obsessed with power and control and promises she will go down just like Cane.
Phyllis says his finger wagging won’t change anything. She and Cane have won and are taking over Newman.
Nick doens’t know who she is any longer. She’s stabbing him in the back and she’s going to lose everything, starting with her family.
She tells him she’s trying to find meaning and direction in her life. She’s tired of having to live up to everyone else’s terms.
They are all trying to control her and choke her down.
Phyllis needed someone who saw her potential and that she has more creativity than the men in the town. She won’t take a penny that his Victor’s stench connected to it.
After the past year, she needs a win. He’ll admit there have been times his father could use some comeuppance.
“This is karma!” she declares. Victor is losing the chess game he’s always playing with everyone.
His dad already proved she can’t trust him but she can trust Cane. She refuses to defend what she’s done to him.
Nick reminds her the Newmans are her family. s she prepared to go through life without family or friends.
Phyllis declares she has no friends. Success will be her only friend.
When she refuses to back down, Nick says he will “grind you and your punk partner to dust.”
