00:00:00
You know what I thought about doing, Scott? >> What's that? >> I thought about going down to the
00:00:03
courtroom when I was in San Francisco cuz I had some free time and just sitting and waving at him. Hey girls,
00:00:09
what up? Let's get to the news. Um, the FCC, this story, Scott, has ordered Disney to file
00:00:21
early renewal applications for its ABC owned broadcast licenses. These are these are affiliates in different city
00:00:27
years ahead of the normal schedule. The commission is citing an ongoing investigation into Disney's DEI
00:00:33
practices as justification. More notably, it comes days after Trump and Melania renewed a push to take Jimmy
00:00:40
Kimmel off the air after he made a joke about Melania being an expectant widow. Uh Disney is pushing back hard. The new
00:00:47
CEO is not having it and he's being supported by a range of companies and everything else. This is a step too car
00:00:54
far for our good friend and [ __ ] uh Brent Brenda Carr. Um I'm calling him Brenda. Um who is a [ __ ] He's a [ __ ]
00:01:03
and he's just such a nakedly political although I wouldn't want to say him
00:01:07
naked political person who is just carrying water for the Trumps. Melania doing this was you know fascinating.
00:01:15
But, you know, Kimmel's just emboldened and has put out a series of things and
00:01:19
and no one's no one is putting up with this [ __ ] and they're going to lose. The
00:01:23
FCC is going to lose in court. But what a harassment of an American company, a classic American company. What do you
00:01:29
think about this? >> Well, I actually saw Kimmel's response. I mean, the reality is late night TV is
00:01:35
dying without the help of >> Exactly. Yeah. >> And in a weird way, it kind of helps. I
00:01:40
think Jimmy Kimmel, all the late night people are extraordinarily talented. that is to be quick on your feet,
00:01:45
hardworking, come up with new material every night. They're extraordinarily talented people, all of them across the
00:01:50
whole spectrum, >> right? >> And I'm actually trying to get Jimmy
00:01:53
Kimmel to come be the interview for our uh Propy Markets Live in Sat uh in uh Los Angeles. Anyways, Jimmy, call me.
00:02:00
So, I think it'd be very interesting to have him talk about it. I think I don't
00:02:03
think Jimmy should have I watched it where he addressed it and said, "Of course." I think he should just double
00:02:08
down and say, "I stand by everything I said. >> It's humor. He has he hasn't ensuing
00:02:15
skits are very funny. >> He did he did he's done a series. >> Okay, this is this is what's going on
00:02:21
here. Fascism. So, who said they're poisoning the blood of our country? Oh, that was Trump.
00:02:29
>> Oh my god. >> Who described political opponents as vermin? >> Yeah, they Oh, come on.
00:02:35
>> Who told the squad to go back to where they come from? Who who who said that
00:02:40
Adam Schiff was guilty of a crime that is punishable by death? That's treason.
00:02:47
The dehumanization, the delegitimization, the exclusion, the criminalization, the existential threat framing. No
00:02:55
individual in public office has done more of this >> in the world >> than Donald Trump.
00:03:02
>> Can I interject? One of the things that's incredible is that >> these are the free speech warriors,
00:03:08
right? And I'm like, where are where's all those folk? Where's the folk at the
00:03:12
free press? Where's the folk? Where's Elon? >> Comedyy's illegal. Remember that one.
00:03:15
Comedy should be legal again. >> Where's Elon? I know he's busy in court
00:03:19
losing his mind, but >> which isn't a very far stop. Um, but at the same time, former FBI director James
00:03:27
Comey has been indicted yet again for making a threat against President Trump by photographing seashells on the beach
00:03:33
that said uh I think it's 80 86 46 47 whatever whichever president he is. Um,
00:03:40
it it was funny and he was just doing it. And by the way, a lot of the right had done it to Biden like 86, whatever
00:03:48
number he is, 46. Um, >> I was a waiter. 86 men were out of pumpkin soup. We would write we had a we
00:03:55
had a chalkboard that said claims it's a mob kill. >> He claims it's a mob killed name because
00:04:00
he lives in the 70s of New York, you know, but this is like his his approval ratings are underwater.
00:04:08
It doesn't work. It because everyone's heard him talk like and then the culture
00:04:13
wars turning up the volume seems like hey dude that was last year or two years ago that worked and doesn't work anymore
00:04:22
cuz I think everyone's I mean Disney's pushing back. This is just like an
00:04:26
astonishing array of like pe what I'm more interested in is like Brenda and the and and uh this guy who's running
00:04:34
the DOJ. I thought Pam Bondi was bad, but Todd Blanch is competing for suckiest sucker. A suocrat, if you will.
00:04:42
The enablers of this guy that go go for it are really quite astonishing to me. Even
00:04:48
>> Yeah. But isn't aren't we aren't we just disappointed? I think we always blame
00:04:52
our political leaders and he is the culprit here. But I'm shocked there isn't more push back. I I just people
00:05:00
seem to be >> I think we've become complacent. I think we've taken a lot of our our norms and
00:05:06
our rights for granted and that people I think people are complacent and I I'd
00:05:13
like to think that the midterms will show maybe that they're not. >> Yeah. Well, maybe the voting rights
00:05:17
>> people maybe errantly assume that things will revert back to normal at some point
00:05:22
and >> Oh, I don't think they're complacent. There's been a lot of push back to the
00:05:25
Kimmel stuff and the Comey stuff. I just think people are like, you know, enough
00:05:28
of this [ __ ] [ __ ] Why is he taking up so much of our brain oxygen on this nonsense? I think people are
00:05:34
>> It's working, Cara. >> What? Hm. >> I It's working. I think it's I think
00:05:37
it's sent a chill across all of all of cable TV. >> I don't think so. You look how Disney
00:05:43
has reacted. They're like, "No [ __ ] way." Before it was a little bit
00:05:47
>> I know firsthand from a bunch of producers that the legal cost in the review of stuff has gone way up. And
00:05:53
anything that feels on the edge, they say, "Can we say something else or can
00:05:56
we lighten the language?" I think this intimidation and this chill is working.
00:06:00
>> Well, I don't know. I don't I don't think I don't think it is. I don't think
00:06:03
it's going to work and I don't think it it works. And you know these people like
00:06:08
Let me just tell you, Brenda, when you leave office, which you will at some point, I'm going to follow you
00:06:13
everywhere. Everywhere you try to get a job, I'm going to bring up all your terrible things. I'm going to make sure
00:06:18
people know what you did. I'm going to make sure people understand who Brenda
00:06:23
is because there's nothing we can do about Trump at this point. I was just thinking that he is in our head so much
00:06:29
we have to like remove him from our head but it doesn't mean ignoring him. It
00:06:34
means removing we get so sucked into their ridiculous comical toxically comical drama. It it's got to be time to
00:06:43
say, "You're in our [ __ ] rearview mirror, old man. Old cankle, you know,
00:06:49
man of cognitive questionability like, and move him along, you know, just move him along."
00:06:56
>> You brought up you brought up an interesting thing, and that is the media
00:07:00
just doesn't know how to cover Trump. Showing up dressed to the nines to have
00:07:04
him say he's delegitimate at a in a windowless ballroom. Okay. Clearly, the media does not know how to deal with
00:07:10
this guy. The idea I like >> 10 years now, 10 years. >> The idea I like is newspapers and uh
00:07:17
cable news companies all do the following. Instead of having four or five stories in a narrative about what
00:07:23
he's done and interviewing people about how ridiculous it is. I think I think
00:07:27
they should have a twominute segment and one page on the back page that are the following. This is what Trump said
00:07:33
today. And just really quickly outline it. Today he accused >> he he brought up he said this about this
00:07:39
person. He said these these people are animals. He said the shell thing and just do it really quickly. This is what
00:07:45
Trump said today. >> Yeah. >> And sequester it and you can get it all
00:07:49
in one place because what happens now is 22 of the 27 minutes or I'm sorry 18 of
00:07:54
the 24 minutes, whatever the the the actual content load is on TV is different stories that involve him. I
00:08:02
>> agree. >> And he is like he is like a Star Wars character or a a villain, a Marvel
00:08:07
comics character. He gains power from conflict. >> Yeah. Exactly. >> And from um controversy.
00:08:14
>> Yeah. >> And what I'm saying is what I I think they should do is I think they should do
00:08:18
the news >> and they should just take everything Trump and go he said this this this and
00:08:24
this today. We'll see you tomorrow night. >> Yeah. They make segments about it. Yeah,
00:08:28
they do. We got to like we as as Jennifer Welch calls him ring fence it. >> Ring fence him and be like he I was I
00:08:35
was you know what I did when I was coming back from San Francisco? I walked into a store and I bought an actual book
00:08:41
and um I was like that's enough. I was like I'm gonna read a book not read not
00:08:47
like participate in the social media around him. I mean it's sometimes it's
00:08:50
fun and I really have to say Jimmy Kimmel's actually doing a great job about he said he's finally brought
00:08:56
Melania and Trump together. He's using it as content which he should do. Um,
00:09:01
but in a lot of ways just laughing at this poor obese old man is I think the way to go here. Mock him relentlessly on
00:09:11
all manner of things. And then his It's not ignoring it because I think that's a
00:09:15
mistake. There's a lot of people telling me I'm just not reading it at all, which
00:09:19
could come off as I'm not engaged. But >> you know how on page three of the Sun
00:09:23
they used to have a naked hot woman? Yeah. >> Page three of every newspaper. This is
00:09:27
the [ __ ] Trump said. This is what Trump said today. Just list it all 10 minutes
00:09:31
every night. National news cover the news. Try not talk about what's going on
00:09:35
in Iran. Da da da. And then >> Yeah. >> This is what Trump said today.
00:09:39
>> Yeah. >> And that just go through it all because he he is totally dominating the news
00:09:45
cycle. He gets energy from conflict. People see it as authentic and and leadership. And he like
00:09:53
>> I just can't >> just There's so many idiot characters like that smug piece and that smug
00:09:58
deflection of Pete Hegath is smirky. Like literally that's his like hearings.
00:10:04
It's he's so smirky and stupid. It's really kind of like I don't like these
00:10:08
characters anymore. >> Representative Molton was good. Representative there was some there was
00:10:12
some really good I'm >> I'm actually I feel bad. I'm actually consistently impressed with some of our
00:10:18
elected representatives. Oh, I meant to tell you before I forgot. I went and did
00:10:22
something you would love. Have you heard of um >> Neco or Niko? Neo. Neco.
00:10:27
>> No. What is it? >> It's this advanced preventive healthc care concept from the founders of
00:10:32
Spotify. No. >> So, I just want to disclose. I got no compensation for this. This is not It's
00:10:37
going to sound like an ad. >> Okay. >> You go into this place and they
00:10:40
basically take your blood, put all sorts of cuffs on you for blood pressure and measurement. They have all these lasers
00:10:46
and scans and then they take you go into this tube and they take 2400 pictures of
00:10:51
you. Okay, but here's the thing. It's amazing. And then they do it all immediately. Give you put you in a room
00:10:56
with a doctor and they go through everything visually in a very user friendly. It was like something out of
00:11:00
the movie Gatka. >> And I thought, okay, how much I I said, I need to pay because I don't want to be
00:11:05
seen as I I don't like the whole influencer thing. I'm like, I need to pay. I have the money.
00:11:10
>> Do you know how much it was? >> How much? >> It was £300. >> Oh. Oh, they Oh, in
00:11:15
>> I thought it was going to be 3,000 pounds. >> Oh, wow. Interesting.
00:11:19
>> And you get a baseline of all your good cholesterols, your bad cholesterols,
00:11:23
your circulatory health, uh, everything about it did change my behavior. You know, I have one of these ridiculously
00:11:30
expensive concier things. This thing and there was a line out the door to get into.
00:11:34
>> That's a great This is what they do at Korea for everybody. Everybody gets
00:11:38
these tests once a year. And it's the guys from Spotify and they're I I'm I'm
00:11:43
such a huge They're trying to democratize >> advanced preventive medicine. It's
00:11:48
called NECA. >> I like that idea. >> And you get and you get a baseline that
00:11:53
I mean >> they did this thing with 2400 pictures of, you know, basically you're naked to
00:11:57
look at I'm very fair and I'm prone to skin cancers. And they said, "All right,
00:12:01
you have 2200 marks. All of them are fine except for these 12 300 lb." Anyways, I was blown away. We should
00:12:12
have filmed at this thing. And and also, you and I have discovered by watching your show and going to Neco.
00:12:18
>> I try to run once or twice a week and I was always I rode crew and one time I
00:12:23
was in very good cardiovascular health. I push myself running. That's just the
00:12:27
way I run. And I time myself and I try and lower my times and I row and I try and get my
00:12:33
>> 100%. I have I just figured that out. They're like, "No, what's it called?
00:12:37
zone two or level two where you supposedly can have a conversation but you can't sing
00:12:40
>> zone one two and three. >> So I last night I ran slowly jogged for
00:12:45
40 minutes and that's supposed to be the way to do it. But anyways and unfortunately unfortunately they say the
00:12:51
same [ __ ] thing to me. I'm like how do I change my diet and and Dr. Pramla
00:12:56
and I asked her if I could use her name. She said the same thing. They're like
00:12:59
well they're all so polite. They're like you may want to consider drinking a
00:13:03
little bit less. >> Yes. I think you may want to do that. I think you may want to
00:13:07
>> you may want to consider drinking a littleing you. This is so great. By the
00:13:11
way, this week's episodes about about loneliness and uh connection. You'll
00:13:15
like it. All right. Now, we got to get to a rundown of latest big tech earnings are all over the place, which are uh
00:13:21
some are calling AOI's moment of reckoning. First up, Alphabet. The company reported a 22% surge in first
00:13:27
quarter revenue with sales reaching around 110 billion. What a number. Net income was up 81% compared to the same
00:13:34
period a year ago. Shares for Alphabet are up 15% year-to date at the time of this taping. Microsoft, the company,
00:13:40
beat expectations with revenues increasing 18% year-over-year for the quarter. Capital spending for the
00:13:46
company will reach 190 billion, though this year, a 61% increase over 2025. Amazon beat expectations, expanding
00:13:55
revenue in its cloud computing segment by 28% year-over-year. The company announced it expects to spend 200
00:14:01
billion on AI in 2026. And finally, Meta reported lower than expected capex uh missed on user growth, which is
00:14:09
interesting. This is the first time, which attributed in part to internet disruptions in Iran. They're blaming
00:14:15
Iran. I don't think so. Daily active people was down over 5% over the fourth
00:14:19
quarter. In better news, revenue climbed 33% from a year earlier, making it the fastest growing quarter since 2021. So
00:14:26
what jumps out at you about these four uh uh companies besides their enormous spending on AI obviously
00:14:34
um but what's what jumps out >> AI I used to say this the attention economy it's now the it's now the
00:14:41
ketamine economy where it's dissociated from everything else but AI and I said
00:14:46
yesterday on prop markets that I thought these guys were going to blow away their
00:14:49
expectations because what do they monetize they monetize spending around AI and And up until today or until AI
00:14:57
came on they the driver was they monetized attention with everything that's going on in the world. Are you
00:15:02
less or more glued to your phone? I I can't stop looking at my [ __ ] phone like okay who did we bomb today or what?
00:15:09
So let's just go through the earnings which were nothing short of staggering.
00:15:15
Alphabet's revenues were up 22% to 110 billion. They beat consensus. Their consensus was $5 was 263. They came in
00:15:23
at 511. And although some of that was an unnatural equity gain, Google Cloud hit
00:15:27
20 billion, up 63% with their backlog doubling. Search revenue 460 billion. Jesus Christ, their backlog's a half a
00:15:36
trillion dollars. >> Search revenue, which was supposedly going away because of Open AI was up
00:15:41
19%. >> Well, >> Gemini paid monthly active users is up 40% quarter on quarter.
00:15:47
>> Gemini is doing well, I would say. But go ahead. fullear capex guidance went
00:15:54
up. The investors don't like that because as strong as their topline is, everyone's saying we need to spend more
00:15:58
money. Their stock was up 8% in after hours. Let's talk about Microsoft. Azure
00:16:03
grew faster than anyone expected. Uh but they had to boost their capex guidance,
00:16:07
which investors don't like. Revenue up 18% to $83 billion. They also beat consensus wildly. Azure grew 40%. The AI
00:16:16
business crossed 37 billion annual run rate. That's up 123% year-on-year. Their
00:16:21
commercial backlog is up to 2/3 of a trillion, 627. Their QN capex was 32 billion, but it's been raised. Their
00:16:30
fullear capex, they've raised 190 billion, well above the 155 they'd expected. Open AAI committed an
00:16:36
additional quarter of a trillion dollars in Azure spend the day before the print,
00:16:40
but the stock was down 2%. Meta Jesus Jesus Christ, Cara. Meta revenue was up 33%
00:16:53
to $56 billion. >> Efficiencies of AI. This is >> earnings of 10 of $1044.
00:17:00
Um although a bunch of it was a tax benefit. Ad impressions were up 19% and their uh average price per ad was up
00:17:08
12%. Q2 revenue guided to 60 billion which implies 25% growth. Fullear capex again this is what investors don't like.
00:17:16
They raised to 135 billion from 120 and then um also higher component prices and
00:17:24
the stock fell 9% after hours. Last one, Amazon >> fastest growth in 15 quarters, but free
00:17:32
cash flow collapsed because of their capex. Again, good. What the analysts love, they're blowing away their top
00:17:38
line. What the analysts hate is they're all saying we need to spend more money.
00:17:42
>> Revenue was up 17%. EPS blew away but unfort that was because of a recognition of a gain in
00:17:49
anthropic stock that from their investment there AWS hit 38 billion up 28% advertising grew 24% Q1 capbacks
00:17:57
again what the analysts don't like went from 44 billion um uh I'm sorry capbacks
00:18:03
44 billion full year at 200 billion free cash flow fell see above they're increasing their capex openai re
00:18:10
recently committed to consume two gigawatts of tranium capacity uh through AWS. So all of a sudden they're getting
00:18:18
into the chip game and stock rose the stock rose 3% after it is literally I I'm on so I sit in a lot of what does
00:18:27
this say to you? Oh my gosh. A beating the world. >> Yeah. Yeah. Go ahead.
00:18:34
>> It is living up to its expectations, but the capex required to live up to those
00:18:40
expectation to deliver against the demand is sucking is basically like like taking all the juice out of the
00:18:47
earnings. The capex requirement to live up to the demand, the infrastructure buildout.
00:18:52
>> So when does that stop? It's sort of like having a hot spouse that requires a
00:18:56
lot of money for you to stay. >> Yeah. Trust me, I know that feeling. Uh, what does it require?
00:19:01
>> What does it what does it require for that to not >> must work hard? That's what I would say
00:19:06
to myself. Must work harder. Um, >> well, they're doing that. >> Must work harder. Uh, what does it
00:19:12
require? >> When is the spending going to stop? Well, when a big a big customer
00:19:18
announces they're reducing their spend IAI or one of these companies announces,
00:19:24
OpenAI basically said that they kind of [ __ ] the bed that their their numbers didn't meet expectations, but the bigger
00:19:31
guys, these players are all just on fire. I don't see >> Can I note the open thing you just
00:19:37
referenced? There are internal concerns about the company's spending plans and
00:19:40
its user revenue targets. According to the Wall Street Journal, Open I missed internal goal of reaching 1 billion
00:19:45
weekly active chat GPT users by the end of 2025 has seen subscriber defections. I think that's all due to you. The
00:19:52
company is also denying there's a rift between Sam Alman and CFO Sarah Frier
00:19:57
over computing resources and they're of course approaching their IPO although
00:20:01
they're we'll get to their trial next trial with Elon um which is also another
00:20:06
distraction. Um, but they're they're seeing a lot of bumps as they go into
00:20:11
it. So, is there like a reckoning moment or what? How do you look at it? Just one
00:20:16
big customer. >> By the way, >> I started on my next book. That's the
00:20:20
name of it. The reckoning. >> Oh, the reckoning. Oh, didn't I use the word reckoning? I feel like I inspired
00:20:26
that. You liked when I said reckoning last week. >> If the book works, if it's a bestseller
00:20:31
was your idea. >> Okay. >> I think there's a reckoning coming in
00:20:33
America and I think there's a reckoning coming in the markets. like what is the
00:20:37
but keep in mind that this AI is now sucking so much oxygen out of the out of the room. I sit in a lot of VC pitches.
00:20:46
If you're not an AI company, you can't raise money right now. I mean, it is
00:20:49
very difficult. And by the way, I'm on the board of an AI company that's
00:20:54
growing 4x a year. And they're like, that's not enough. Unless you're growing
00:20:57
10x a year as an AI company that's purely software. this company called Rogo that is uh it's a great great
00:21:05
little company that is basically AI for financial institutions. They just closed
00:21:09
around at $2 billion, >> right? No, it's nuts >> on on I think I think it's trading at
00:21:14
100 times revenues or something insane and they're going to get they raise $100
00:21:17
million. You literally if you are not an AI right now and growing, you know, five, seven, 10x a year, you can't raise
00:21:25
money. And this is it is a in my opinion it's a it's a kind of a all of the GDP
00:21:33
growth is coming from the capex and AI all of the earnings growth 77% of the earnings growth is coming from the MAG
00:21:38
10 right >> we are becoming said this before yeah the price of gas >> America is a giant bet on AI and people
00:21:45
are people are wondering >> and breakfast with a big tech CEO today they kept people are really how is the
00:21:53
S&P hitting all-time highs with such geopolitical uncertainty and oil at 110
00:21:57
bucks a barrel. And the reality is America is now a giant bet on AI. And I in a weird way, the the war in Iran kind
00:22:05
of helps these guys. First off, none of these guys are affected by high oil prices.
00:22:11
>> They were all at the White House last week with this week with King Charles.
00:22:15
Every one of them was there. Again, by the way, >> all of them. >> And then, by the way, the high oil
00:22:20
prices, that money, the additional cost circulates within our economy. It hurts consumers. But Chevron and Hallebertton
00:22:26
are making a [ __ ] ton of money, right? >> So, it's oil mogul and tech moguls.
00:22:31
>> We're a net That's right. We're a net exporter. And there's a very unhealthy
00:22:35
thing the And I'm writing a thing called the ketamine economy. And that is >> ketamine supposedly is
00:22:43
dissociate and you can see your issues and your addictions and your problems and forgive yourself and have a better
00:22:48
handle on stuff. And people say it's a world breakthrough. The the most dangerous thing I think about the world
00:22:54
we live in in America right now is that if you live in America and you're in the
00:22:59
0.1% you are not invested in the well-being of America. Why? Do you care about infrastructure? You don't care about
00:23:07
TSA. You don't care about airports. You don't care about you. You have you go to
00:23:10
Teter Bro and you're flying your own plane. Do you care about the fact that 40% of third graders can't read? No. You
00:23:15
have your own private schools where they spend $75,000 per student. Do you care about policing and safety? No. You live
00:23:21
in a doorman building in a neighborhood that is so overpoliced and has so many cameras. You're just fine. Do you care
00:23:27
about the health of America? No. You have concierge medical services that give you everything you need. The wealth
00:23:33
the people who control our government or have a disproportionate influence have totally dissociated
00:23:40
disassociated from America's interests. And even more frightening is that America, you could argue, has
00:23:48
disassociated from the global interest. Do we care about high oil prices? >> Not really.
00:23:54
>> Wow. >> Do we care about HIV infections in Zambia? Not really. >> We have two oceans protecting us from
00:24:01
chaos, disease. >> I I'm not so sure about those things. >> You could argue eventually it hits our
00:24:06
shores, but right now the markets >> No, the market the rich people. I get
00:24:11
it. It's a Pierre don't care economy. Do you know the book Pierre don't doesn't
00:24:14
care? I don't care. That it's a it's a wonderful um children's thing where he
00:24:20
eventually gets eaten by a lion because he doesn't care. He always says I don't
00:24:23
care. >> But that's what they're like. It's a peer I don't care group of people.
00:24:26
>> We have to figure out economic policies that give the wealthiest people in our
00:24:30
nation a vested interest in the success of America. >> Yes. The people I'm telling you there's
00:24:34
an anger. You can feel it. It's palpable that they do not hear. >> Hope so. They have gone from they have
00:24:42
literally gone from heroes to villains. And let me say I get it everywhere I go.
00:24:48
Everywhere from and it's not you know like oh it's the you know it's the
00:24:52
people you know the working class. It's everybody who's not like them and it is
00:24:59
angry. It is deeply and profoundly angry. And even more so than it at Trump they sort of have it's all figured in.
00:25:08
he's a terrible person or if they don't like him. And even the there was just a
00:25:11
really interesting story about all the people that voted for him are like we're
00:25:14
very disappointed and we now regret our vote which is sort of like okay >> or fine whatever. But there's a there is
00:25:22
a growing anger that I think they do not understand of v of them being villains and they're behaving like villains. um
00:25:28
we have to move on but we'll see where this goes because if they're the only
00:25:32
ones that benefit and all the other companies don't there isn't as you say a
00:25:37
reckoning it's a great word it actually is from the middle English I'll just
00:25:41
read this to you from narration account settling accounts and it's about the act
00:25:46
of calculating estimating or settling accounts often carrying a connotation of judgment retribution or facing
00:25:53
consequences reckoning >> yeah it's the act it's the act of setting accounts and consequences.
00:26:00
>> That's right. Scott's going to have a to give you a reckoning. Anyway, um let's
00:26:04
take a quick break. Speaking of reckoning, um when we come back, Elon takes the stand.
00:26:10
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member CPIC E Trade is a business of Morgan Stanley. Scott, we're back. Elon Mus took the
00:26:57
stand this week in a trial against OpenAI. Let's go through some of the things he said. He was a quote fool to
00:27:03
provide OpenAI's early funding. He discussed his concerns about AI and not wanting to have a Terminator outcome. He
00:27:09
accused OpenAI's lawyer of trying to trick him. When asked uh why he brought
00:27:14
the suit, Elon said it's not okay to steal a charity, warning if he loses it,
00:27:18
it would give license to looting every charity in America. By the way, Elon is not charitable at all in any way. FYI,
00:27:26
the judge pushed back, reminding juries that Elon's claims and his opinions have
00:27:30
no legal value whatsoever. As I predicted, a number of prospective jurors had thoughts about Elon, with
00:27:35
some calling him a greedy, racist, homophobic piece of garbage and a world-class jerk in questionnaires. Um,
00:27:42
I think his his this has not been good for Elon. One of the things that Ellie said is they're not used to being um
00:27:50
when he gave us that uh video last week was that these that they're not used to
00:27:56
being challenged publicly and he is losing his brain on he looks terrible and he needs to control himself which he
00:28:03
speaking of ketamine he cannot he has no ability to do so. Um I'm going to be
00:28:08
fair to him. He was the first person who did talk about this Terminator outcome 15 years ago to me or something some
00:28:15
maybe 10. Um and he was the first person to be very worried about it. He shifted
00:28:20
becoming less worried over the various interviews. At first it was Terminator, then you were a house cat and then we
00:28:27
were like ants that are just going to get covered by a highway which isn't mean or anything. Um, but one of the
00:28:33
things I would say is he started off that way and then he immediately lost his mind because he he tipped out of
00:28:41
Open AI because he thought they couldn't make it. And these emails talk about
00:28:45
that and he signed away his rights. He did give them 38 million, not 100 as he's claimed in other depositions. So he
00:28:53
keeps changing the number. Um, which isn't good when you're under oath. Um,
00:28:58
but one of the things that uh is very clear here is that he shifted to being a greedy hypocrite and started his own
00:29:06
company that includes non-consensual uh uh sexual images and child pornography. So, it's not like he's here
00:29:14
to save us and he's trying to put himself off as someone who's worried about uh AI and is fully participating
00:29:23
in the damage it does. Your thoughts? So what I what I have heard how this went down and very like broadbrush actions
00:29:32
that kind of give a sense of the what went down here and tell me if you've heard different
00:29:37
>> is that Sam actually tried to raise $500 million when it was a nonprofit for the
00:29:42
nonprofit and was unable to do that. Elon showed up and said this needs to be a for-profit company and I need to
00:29:51
control it and own 80% of it. after he had given the money. Yes, that's exactly
00:29:55
what happened. >> And the people there said, "No, we're not up for the for-profit Elon controls
00:30:01
part of the game brand." He does that on every company. But go ahead. >> So he said, "I'm out." And he signed
00:30:08
paperwork. This is the This is literally the biggest example of sellers regret in
00:30:14
history. >> You're right. And then the other fact pattern here about his quote unquote
00:30:18
trying to pretend he's more noble than he is and he's really worried about AI.
00:30:23
Who went on to develop an LLM that most experts would say has the fewest guard rails? Elon with XAI.
00:30:31
>> Yep. >> So the fact pattern here, the narrative, and this is my prediction. I don't think
00:30:37
Open AI, I said last week I thought they were going to settle. I don't think Open
00:30:40
AI wants to settle. I think their attitude is >> I think I think Elon's either going to
00:30:45
drop the case or lose. >> Well, it's a jury trial and then the judge decides on the referee whatever
00:30:52
the remedies are. >> It's a it's found >> right. >> But if they're found if open AI is found
00:30:59
not guilty or that there's then it's over. >> Oh, he could I bet he could appeal. He
00:31:04
can always appeal. He's got so much money. I mean, Trump's going to appeal the
00:31:09
Eugene Carol thing to the Supreme Court now that he's lost in the appeals court,
00:31:15
>> the 83 million. >> Shocked he wants to keep bringing that up. >> Well, he doesn't want to pay 83 million.
00:31:19
He doesn't want to pay that. He'll have to pay that if he if the Supreme Court
00:31:23
doesn't bring the money down presumably. >> He wants to get it to 10 million.
00:31:28
>> He's going to have to pay or something. >> Launch another coin.
00:31:31
>> Yeah. Anyways, >> back to the Open AI case. Everything I've seen fits this narrative that Elon
00:31:40
once this thing became commercially viable, he wanted it to flip to forprofit and he wanted to own it all
00:31:46
and that he legally gave up his ownership and his governance rights. Well, one of the things he was concerned
00:31:52
he absolutely and one of the interesting things I love them being under oath because now I finally hear the things I
00:31:58
thought were true like that Larry Page and he got into an argument cuz he was he was a doom a doom doomer for sure
00:32:05
back then and Larry Page called him a speciesist for being concerned be overly overly negative which I'm like yeah this
00:32:15
we like the the human species just sorry You know, these people, these people, I
00:32:21
can't tell you. I'm so pleased for people to see them as they are, right?
00:32:27
You know, when someone said greedy, racist, homophobic, piece of garbage, I'm like, you see what I'm saying? Like,
00:32:34
jerks. Um, don't care about people. This whole thing is fantastic because they're
00:32:40
under oath and they have to show themselves and they also have to show how they're trying to present
00:32:45
themselves. Like Elon is the savior of the world when he has decimated. He's
00:32:50
responsible for the millions of these deaths that are going to happen because of USID. He's responsible for all manner
00:32:56
of stuff that he's been doing on Twitter. And he wants to present himself as it is like Thanos. Thanos has an idea
00:33:04
of himself as a hero when he's the villain because he's he's helping the
00:33:08
human race and he talks about it. >> To me, this defines Messiah Complex. Full stop. He He's the guy to to
00:33:15
colonize to turn us into an interplanetary species. Only him. He's the one that should control AI. He's I
00:33:21
just And I It's literally I'm Jesus Christ. >> Yeah. Yeah. >> Yep. I would agree. I don't know. I
00:33:30
don't think it's good for him and I don't think him getting agit this lawyer
00:33:33
actually worked for him at one point and then worked against him. So, he's familiar with this firm and he's just
00:33:40
losing it on the stand, which is just what he should not do. He should be as calm as cucumber and he can't be. And
00:33:47
it'll be interesting the contrast with I think Sam will be smooth as silk. I
00:33:51
think he's not online. On online, he's kind of sad over on Twitter. Sad Sam and
00:33:57
Elon's crazy Elon. And by the way, an increase in white supremacist post, too.
00:34:02
Um, but Sam has got to hold it together during and so does Greg Brockman. Um, and so does Satcha, which will help
00:34:10
anchor Open AI quite a bit, as you said. So, we'll see. You know what I thought
00:34:16
about doing, Scott? I thought about going down to the courtroom when I was in San Francisco cuz I had some free
00:34:21
time and just sitting and waving at him >> just to get him even more riled up.
00:34:25
>> Just troll him. >> Hey, girl. >> Does he show up? Does he go to court?
00:34:28
Oh, he's on the stand. I guess they're all in court. They're all there. It's
00:34:32
that's they have to go, I guess, because I thought about going and just waving at
00:34:35
all of them going, "Hey girls, what up? What's can we all get along?" That kind
00:34:41
of stuff, >> but and I didn't. I I hung out with Lily. >> Okay, let's go on a quick break. When we
00:34:47
come back, Taylor Swift fights back against AI. Support for this show comes from Harvey AI. The future of law is
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calm before you fly. Go to virginatlantic.com to learn more. Scott, we're back. Taylor Swift has
00:36:55
filed a new trademark application for two voice clips in one image that are likely uh an effort to protect her voice
00:37:02
and image from AI misuse. This is something a lot of celebrities are doing, but she's probably the biggest
00:37:06
one. The voice clips are sound trademarks covering Swiss voice with clips of her saying, "Hey, it's Taylor
00:37:11
Swift and hey, it's Taylor." Registering a celebrity's spoken voice has not been
00:37:16
tested in court. Matthew McConnA has also trademarked his use of his images and voice in January. It's an
00:37:22
interesting strategy. Um, and she she did an really interesting interview with Joe Casarelli, who I love
00:37:29
at the New York Times, called the 30 Greatest Living American Songwriters. Really wonderful story. It it does a
00:37:35
range of people and it's really terrific. Let's listen to what she had to say. If there's any way we can make
00:37:41
confessional songwriting a little bit more of something that isn't like people
00:37:45
take that as sort of like you were being messy or whatever, you you have to be fair to everyone. Then are like are rap
00:37:52
beefs messy or are they confessional? Like we've got to just like let's make
00:37:57
it a music conversation rather than just like ganging up on the female artists. And I think the more male artists that
00:38:04
are messy or emotionally complex or confessional or upset, um, the happier I am. And then thirdly,
00:38:13
this Universal deal is going to trigger something in her contract that's going
00:38:16
to force, uh, Universal to pay out all its artists, even if they gave them advances. um if it sells, she put it in
00:38:25
to protect herself, but it also uh she the the way she wrote it, everybody who is at Universal will have to be paid
00:38:33
out. So, she's getting enormous payouts for all the artists and this possible
00:38:37
deal for Universal, which I think will endear her to many artists. Um what do you think here about any of this? I know
00:38:43
you don't like her, but she's a tremendous business person. >> I never said
00:38:47
>> I know you don't like her music here. I don't that's not fair to say I don't
00:38:51
like her. >> Okay. not her music. Excuse me. >> Yeah. Uh so look, the
00:38:58
I I'm a fan of bearing on the side of protections around people's IP and
00:39:05
essentially Google coming in and crawling every media company. Um people using people's
00:39:11
likeness, their voice. I I I believe Jensen Hong said it. Everyone should own their digital twin. And that's not only
00:39:19
the physical rendering, but also your voice, your likeness. People spend a lot of time and energy trying to develop IP
00:39:27
that they own that they can decide to give to their heirs or sell their catalog or their likeness or their image
00:39:33
and they should own it. And so I'm a I'm a fan of these cases and the fact that
00:39:37
she's doing it on behalf of other artists is really wonderful. And she's
00:39:40
very high-profile and people have enormous affection for her. So she has she's immediately going to get public
00:39:46
support for whatever she does. So, I'm a fan of this. I'm a fan of how she's
00:39:50
handling it. And we need these companies. I think you said it or your your partner Walt Mossberg said it.
00:39:58
These guys are pickpockets. And >> rapacious information is what Walt said.
00:40:04
>> Yeah. So, and now they're stealing likeness. I don't I and I think that I
00:40:10
think the I think the um solution here again they'll come up with the illusion
00:40:15
of complexity in that is they can calibrate how closely they get to the vo to her voice without it triggering an IP
00:40:21
but I think it's pretty simple I think someone should be representing authors
00:40:25
and artists and past celebrities and they or their heirs or their state can either license it into a giant pool or
00:40:32
not and then every time it is used and you have an AI crawl it every time an AI takes takes takes a a sentence from your
00:40:40
book or lets someone speak in your voice, you are entitled to x percent. Music artists have been doing this a
00:40:47
long time. When you listen to >> Let me ask you, let me plum that. When I Ann Lamont was on stage with me this
00:40:54
week, she talked about how she she got the AI to write something in her voice and she said it was actually better, but
00:41:03
it wasn't her. But they had crawled so much of her stuff. So, are they making
00:41:08
her or a ver a faximile of her? And what happened to your Google thing that you did? Was it Google when they did the
00:41:14
Scott gallery teacher? >> What happened? You never said what actually happened. You took it down,
00:41:19
right? >> Yeah. I started working on it a year ago. Yeah. >> I think so. I was getting a lot of
00:41:26
emails from people, young men and mothers, asking for advice, and I couldn't keep up with it.
00:41:31
>> So, I said, "Upload." and they a former student of mine who's a Google product
00:41:35
manager came and said we have something called portraits we're doing it with a
00:41:38
bunch of doctors we're doing it with a bunch of historians where we we we upload everything you've ever done and
00:41:45
someone can come to an avatar and ask questions and it'll give something pretty resembling a reasonable fact
00:41:52
similarly the answer you would give and I said that sounds great and I started working on it about a year and a half
00:41:56
ago took him about six or nine months and I tested it and it actually did if it said should I get an MBA or it asked
00:42:02
good questions and gave it a reasonable answer. >> And then you actually [ __ ] it up for
00:42:07
me. You did that interview >> with those parents of the kid who had committed suicide.
00:42:15
>> And I thought, okay, am I going to be part of the problem here where I in
00:42:19
inadvertently sequester young men from asking their parents for advice, finding real people, finding mentors, finding
00:42:26
friends? And it came out. The day it came out, I started testing it and I just felt really uneasy with it and I
00:42:32
called >> saying I [ __ ] it up. I showed you an better way to live. >> You illuminated me.
00:42:38
>> Okay. >> You illuminated. Let's try to work on our words with Cara. Okay. Okay. All
00:42:42
right. Go ahead. >> Better words. >> Better words. >> Uh and then I called, to Google's
00:42:47
credit, I called them and I said, "I got to be honest. I just feel really uncomfortable with this. I want I can
00:42:52
see how it might be helpful, but I can also see how some young man doesn't ask
00:42:57
a friend or his dad for advice and instead says, "Well, Prop G said this and it's just
00:43:03
>> Anyway, so they took it down and and by the way, the major I think the m
00:43:07
>> it's it's gone. It's you can't find it." >> Yeah, they took it down.
00:43:12
>> We'll see. >> Except when I go or my understanding is they took it down.
00:43:16
>> It's in some fault like a mummy. Okay, go ahead. But you can say in the voice
00:43:21
of Cara Swisser, >> yeah, >> please write this thing. And my my view
00:43:26
is they should be able to do that, but only if you have agreed to have your stuff crawled. And the more people who
00:43:34
ask, say this in the voice of Caris Swisser, you should get a royalty check. Similar to the way artists do it, music
00:43:40
artists do it. When you listen to Kroq, rock of the 80s in the 80s, and they were constantly playing B-52 song Yeah.
00:43:47
songs. At the end of the year, they would send a check to Warner Brothers and the B-52s would get a check.
00:43:53
>> I don't This has been >> because I I did that Simpsons thing and
00:43:57
I got an enormous check the other day and I'm like they can do it and they Hollywood sucks, right? Like it's
00:44:05
astonishing and it goes way back when I was with um uh the Google twins where they were stealing books and were Carol
00:44:13
what is the difference if we take their books? I was like, "You shocking shoplifter." And or they take
00:44:18
television, their mentality is to take it from you, which is interesting. So, I'm glad someone like Taylor Swift is
00:44:24
really pushing back. It'll be interesting to see if it could apply to all of us because I think it will
00:44:29
benefit because you you you are easily this would work really well if someone just didn't work with you to do it, but
00:44:38
just did it. Um, so anyway, in an upcoming episode of my show, I make one of these and it's really frightening and
00:44:45
and I I don't like >> When you say one of these, what is >> I made the keratar. I'm going to give it
00:44:50
to you for Christmas. I made a a digital 3D version in a box of me and you it looks like me sitting in a chair like 3D
00:44:58
version and it speaks it talks like me. It's it's um it's me and uh it's not you
00:45:05
know it's like a faximile that's not quite um me but it is um and I'm sending
00:45:11
it to you for Christmas the whole box it's great it's going to go >> but again I like I I like the idea of
00:45:16
this as long as you sign up for it because you might decide have at it or after if you're like me and you think
00:45:23
once you're gone it doesn't I would like my heirs to get a check because people
00:45:27
say in the voice of Scott Galloway write about income inequality whatever it is Right. So, and I think a lot of artists
00:45:35
and a lot of writers and a lot of singers would would agree to this. There's a model for it.
00:45:40
>> Yeah, absolutely. Well, we'll see. But you're getting that for Christmas. The
00:45:43
keratar. It's great. We'll have it forever. Um and it will add to things
00:45:47
right up until my f my dying breath. Anyway, um one more quick break. We'll be back for predictions.
00:45:57
>> Support for the show comes from Indeed. When you're looking for talent, Indeed
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Indeed sponsored jobs. >> Support for this show comes from Navon. Business trips are great. The baggage
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budget, yes, 15%, check out non.com. Okay, Scott, let's hear a prediction. I'm going to go first. I do think The
00:47:40
Devil Wars Prod is tracking to be like a $200 million movie its first week. Um, I
00:47:45
think a lot of these movies, whether it's uh Project Hail Mary, this movie, um, it there's a lot of love for movies
00:47:53
that are just wellmade by Hollywood and good and fresh that feel fresh. So, I think these movies are killing it at the
00:48:01
box office cuz people and they're actually watching it in theaters, too. They're not just waiting till it goes to
00:48:06
digital. They like the community experience of it. And so it's a really interesting thing that that a lot of
00:48:11
these are hitting um that are that are very human- centered. Um and I like that. I like that.
00:48:18
>> Yeah, I'll see it. Um so your win is The Devil Wears Prada. >> No, the idea that these movies are going
00:48:25
to do like I just after Hail Mary, it's that Prada has the same feeling of Hail
00:48:31
Mary. It it feels like real people made it. It's like when you eat a meal that's
00:48:37
sort of fake, you and then you eat a meal that's homemade. >> It's It feels like real people made it
00:48:43
who thought about it, who care about standards and quality. And >> it didn't feel like AI made it. I don't
00:48:50
know what else to say. >> The the rumors of creativity's death at the hands of AI were greatly
00:48:55
exaggerated. So there was a moment about 24 months ago where everyone thought all
00:49:01
music is going to be generated by AI that you'll just give it a good prompt and it'll come up with new songs that
00:49:05
are better than Kanye's and that just h didn't happen. the muscle between your
00:49:09
brain, the the creativity of a young brain, the creativity that that still has tremendous moes around it. And even
00:49:18
in design, like look at Sorro being shut down. Like the the graphics you get back, the design you get back, the
00:49:24
percentage of people in design working at tech firms has actually gone up as a percentage of their employment base.
00:49:30
Artists, you know, no AI, no AI is going on tour right now. Yeah. But as far as I
00:49:36
know, >> they're not going to tailor us with the situation. They certainly are.
00:49:40
>> Where I think you're being a little bit nostalgic because I think The Devil
00:49:43
Wears Prada and Hail Mary >> are great movies and will do well at the box office, but box office is still down
00:49:50
30% postco >> content original content that breaks through will find a way to monetize and
00:49:55
be successful. But this collective nostalgia for the movie theater I pick Ipic is going bankrupt where I where I
00:50:03
live. >> I'm not talking about the movie theater. talking about freshness in movies,
00:50:07
>> fresh creative, >> fresh creative and and I'm saying it does it actually these movies are
00:50:12
showing big pickup in movie theaters. I don't overall downward trend, >> right?
00:50:18
>> It's really interesting that people are these movies are scoring well in
00:50:21
theaters. Like that's that's what I'm saying. >> Not all of them.
00:50:25
>> Well, it used to be it used to be that all of that type of long form content
00:50:31
ran snake through a theater and we went to the movies. I remember I mean I don't
00:50:34
know about you when I was a kid I used to go to the movies two or three times a week.
00:50:38
>> Yeah. Twice at least once a week. >> Yeah. It was just what you did. It's
00:50:42
what you did on a date. Uh it's what I did with my mom. This is what you did.
00:50:45
You went saw we Granted I lived in Westwood and they had the best theaters in the world. But um God I just tried to
00:50:52
think the last time I took my kids to a movie. Anyways um I'm glad you liked it.
00:50:57
So my prediction is much more boring. So I think so Intel is up uh fourfold and I think it's up I'm sorry it's up
00:51:08
fivefold. It's up it's it's quintupled over the last year and I think it's
00:51:12
about my prediction is it's going to uh uh [ __ ] the bed because Amazon is now
00:51:18
>> bragging about it as you noted. >> Yeah. And I I think it's I think it's a
00:51:23
great short right now. Amazon. Amazon now sells both GPUs, what Nvidia does, and CPUs, what Intel specializes in. And
00:51:31
Amazon's chip revenue is growing 150% every 3 months. If it were a standalone
00:51:36
business, it would be generating 50 billion in annual recurring revenue. That's more than AMD and about as much
00:51:41
as Intel. And OpenAI and Enthropic use Amazon ship for their >> So Amazon Interesting. That's
00:51:46
interesting. >> Well, it's weird. I think I think it's I think quite frankly I think uh in Nvidia
00:51:51
has its own has much stronger modes. The vulnerable company here is the one that's the latest meme stock and that's
00:51:58
Intel. Metaanthropic have signed deals to use Google chips called TPUs. TPUs are two times cheaper than Nvidia's
00:52:05
GPUs. And Intel looks just dramatically overvalued and will and I think will be the victim of this increased
00:52:12
competition. The stock again up five-fold. Get this. Intel now has the highest forward PE of any large cap,
00:52:21
trading at 118 times forward earnings. >> Oh my god, it's such a loser company.
00:52:25
Get this. >> Why? >> AMD at 50, Amazon at 32, Nvidia at 26. And at the same time, its business is
00:52:34
expected to grow slower than peers. Anyways, the most overvalued stock. >> What is the meme? Explain the meme for
00:52:40
the people. >> Well, Intel was beaten down. Now it has a great story. Now it has the backing of
00:52:45
a guy who's willing to use the full faith and credit of the government. It's
00:52:49
the chip. Everyone thinks the the chips are the bottleneck in the AI boom. It's
00:52:54
not actually. It's actually power and the stock's up fivefold. And now again
00:53:00
see above it's trading at a forward earnings of 118. It's growing slower
00:53:03
than everybody else. >> And Amazon and Google are coming for their launch.
00:53:08
>> Oh. So anyways, my prediction is >> you're going to see >> this thing is going to look like a giant
00:53:15
hill. It the the >> That's a good one. >> is over and Intel is going to be one of
00:53:20
the worst performing stocks in the tech sector over the next 12 month. He's going to come after you instead of Jazz.
00:53:25
That's really good. >> There we go. >> Yeah. >> Well, Intel has the look of an expectant
00:53:30
widow. >> Um anyway, >> uh that's really funny. Amazon that Amazon is doing it is interesting.
00:53:38
Although I have to say I've given them the heinous of the week award by them
00:53:42
leaking that they're going to make uh the apprentice again with Dawn Jr. >> Oh god, did you see that?
00:53:47
>> I know they're such suckups. And Jeff was at the King Charles thing. Let me
00:53:51
just say you don't have enough There's not enough budget for a cocaine budget
00:53:55
for that show. >> That [ __ ] about our win. >> I know. >> King Charles, how good was he?
00:54:00
>> We didn't do win, but go ahead. Go quickly do a win. King Charles was
00:54:04
[ __ ] fantastic. I have to say a charmer. No one can thread the needle around a thoughtful, intelligent
00:54:13
stab in the heart >> like the British. >> Yeah. >> And when the king delivers it,
00:54:18
>> you know, I just loved I I loved I loved the king saying, "You have often stated
00:54:24
that without us we would speaking German. I'd just like to remind you that without us you'd be speaking French."
00:54:29
>> Yeah. >> He is he is so good. He whoever wrote his speech a he delivered it perfectly.
00:54:37
He actually studied drama in college. >> Yeah. >> I just think I was so happy because I do
00:54:42
think he he stated what we need to know and that is the alliance between uh Britain and the US I would like to think
00:54:49
is unshakable. Also the king has been sick. It's a really nice moment for him.
00:54:53
He is always >> he did a good job. He did his kingly duties. >> I like the
00:54:57
>> he did his kingly >> I like the monarchy and I always got the sense that he's a really decent man.
00:55:02
>> Yeah he is. And uh so I just loved seeing kind of his time in the sun and
00:55:08
just how good he was. >> He did good. And the thing is doesn't insult him because he loves the
00:55:13
monarchy. So he insulted Trump and he's the only one who got away with it. Like
00:55:17
the didn't get away with it. >> It was so elegant. >> It was Yeah. Trump understood. Honestly,
00:55:24
they just wanted to meet the king. All these people anyway. And those tech people sucking up to the [ __ ] king
00:55:29
was just like, "Oh my, you guys, you are bigger than Britain and that's you could
00:55:35
get a meeting with him anytime, give money to his climate change thing." Anyway, I love that the Republicans even
00:55:41
cheered for climate change uh uh help with climate change cuz that's his big
00:55:45
that's Prince King Charles. I keep calling him Prince Charles because he was Prince for so long. But anyway, we
00:55:50
want to hear from you. Send us your questions about business tech or whatever's on your mind. Go to
00:55:54
nymag.com/pivot to submit a question for the show or call 8551 pivot. Elsewhere in the Karen
00:56:01
Scott universe this week, this week on ProfG Conversations, Scott spoke with Ian Bremer about how the Iran war
00:56:08
fracturing alliances and rising global tensions are reshaping the world order with no clear winners. Let's listen to a
00:56:15
clip. Whether it's Epstein or whether it's Iran or whether it's the economy or
00:56:20
whether it's extraordinary corruption, Trump has gone against all of the things that got him elected.
00:56:29
And and I I don't I I certainly think, okay, there are some MAGA supporters that act like it's a cult and they'll
00:56:36
support him literally no matter what he does. But that's not even all MAGA supporters. Not at all. This is not a
00:56:43
These people are not brainwashed automatons. They're not idiots. They they ultimately see when their leader is
00:56:50
screwing them and it matters to them. And some of those people, they may not vote for Dems, but they'll stay home.
00:56:57
>> Interesting. He's absolutely right. That's what a Ted Hearnen said, too.
00:57:00
Anyway, that's the show. Thanks for listening to Pivot and make sure uh to like and subscribe to our YouTube
00:57:06
channel. We'll be back next week.