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The way you want is the most impact with the least amount of sacrifice. Make it easy and also maximum impact.
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>> Hi everyone, this is Pivot from New York Magazine and the Vox Media Podcast
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Network. I'm Cara Swisser >> and I'm Scott Galloway. >> Before we do anything, I'd like to point
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out that as of this episode drops, it's been 42 days since the deadline passed
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for the DOJ to release all the Epstein files. Though, we do have an update. DOJ officials said in a court filing this
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week that they expect to release the files quote in the near term, but they did not provide a specific date. Pam
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Bondi, get on it. Scott, after Sunday's bonus episode about the violence in Minnesota, we've gotten a mountain of
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responses to our discussion of the economic strike that you suggested. I know you're working on something and
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we'll talk about that in a minute. But first, here's what some of our listeners
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had to say. I'm seeing online some suggestions of people stop paying their income tax by updating their W2.
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>> I and many of my colleagues are watching with sadness a lot of anxiety and anger
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at the escalating violence and I keep wondering what if anything people outside the US like me can do that's
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actually useful. Reportedly, Vanguard, Black Rockck, and Fidelity hold half of the shares in two companies, GEO Group
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and Core Civic, which run nearly 90% of ICE detention facilities. If investors divested from these collaborators and
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others, could that put a stop to ISIS's worst abuses? And given a lot of you
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have been writing in wondering what you can do personally, we asked financial educator Vivian Tu, host of Net Worth
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and Chill, uh, to give some tips on how to make an impact. Let's hear what she
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had to say. Hey Scott and Cara, heard you guys were talking about an economic blackout. I've got a couple personal
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finance tips. For our friends with a lot of financial discipline, you could consider changing your W4 withholding
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for your taxes. You'll pay fewer taxes throughout the year and then pay them
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all in one lump sum come tax time. You're not going to get to pay fewer taxes overall, but why let the
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government hold your money and do stuff with it for longer than they need to? Make sure you are taking advantage of
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time value of money. Up next, everybody talks about shopping local versus corporate, but another thing you can do
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is pay in cash. These local businesses often times might even give you a small discount for doing so because then they
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have to give less up as well. Wink wink. And last but not least, for the economic
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blackout, money that you aren't spending on buying stuff, make sure you're
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putting towards a really smart strategic cause. Things like paying down your debt
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so you aren't so heavily tied to financial institutions, but also causes that you care about that might support
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things like immigration or human rights. The main takeaway is this. Economic boycotts do not work if a small
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population stops spending cold turkey for one to two days. What we're actually
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going to need is a critical mass of people to scale back their consumerism over weeks and months. And even if they
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can only do it to 70 or 80% of their ability, that is going to have a bigger impact.
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>> Scott, you should know Vivian's upcoming book is called Wellend Endowed. I
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thought you'd like that. Um, but you what? This has taken over. >> She did not interview me. She did not
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interview me. >> So, tell me you tell me what what we talked about this a lot of people were
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talking about it. Go for it. Well, last night I was about to make love to my sweet, sweet lady and uh she put my
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penis in her hand and then it was dark out and she said, "I'm sorry, don't
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smoke." >> Um, national economic strike. >> Okay, great. You stepping on your penis
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there, Scott. Go ahead. uh my bluff has been called here and that is uh I think that America feels a lot of anxiety
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around its government not providing security and prosperity but terror and anxiety and I've thought a lot about
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this and if you look at where Trump and the administration respond they don't
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respond from citizenry co-equal branches of government or even the Supreme Court
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where they do respond really crisply is uh from markets and within 24 hours he backed off tariffs annex in Greenland,
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um pressure on interest rates, tariffs, when one thing has happened, the S&P has
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gone down or the bond market has started to get wobbly. So then the question becomes if that's the fastest blue line
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path to getting ice out of cities or to putting in more protocols or or just flexing that we're watching.
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The fastest way to do that, what you want is the most impact with the least amount of sacrifice from the cit
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citizenry >> to make it easy. make it easy and also maximum impact. I think not buying
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groceries is not a lot of impact because these companies are very low margin. Uh
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they're not companies CEOs that he listens to or cares about. So I bifurcated into two types of companies.
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What I call ground zero. Big tech controls 40% of the S&P. They are growth companies that are very very highly
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valued right now. So any any slowdown in growth could potentially have a disastrous effect on them. So that's
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kind of the soft tissue of the economy right now and where our consumer economy, which is 70% consumer spending,
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could have the greatest impact with the least amount of effort. So I've listed a
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series of big tech companies and um launching the site uh probably on Sunday. >> What's it called?
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>> Uh it's called uh Thank you for asking. in doubt. >> It's called It's called Resist and
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Unsubscribe. So, if you like what we're saying, don't like and subscribe. Resist
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and unsubscribe. I've also got the URL >> um uh unsubscribe February because to
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Vivian's point, it can't be one day or a week. It has to be sustained and there
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has to be a viral component to it. So, the companies in what I call ground zero are Amazon and I have instructions on
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how to subscribe from Amazon Prime, Audible, Amazon Music, Prime Video, Anthropic. You could pick what you want,
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right? You could >> Well, hopefully all and not only that, I don't want to tell people what to do and
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what not to do. People have different means point. Yeah. >> People have different means and ideas on
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how they can participate. And I'm not going to tell anyone to not buy groceries or not show up for work, but
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if you want to have the biggest impact possible, I've tried to identify those
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companies. Disney, Google, Microsoft, Netflix, Open AI, Uber, and Meta. And >> and then you've given the argument why
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why what they've done. So you can decide what you think is acceptable or not.
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>> The reason why I I really do think this idea is so powerful is you get a couple
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free gifts with purchase. Not only do you achieve the quoteunquote economic slowdown, but you have an outsized
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impact unsubscribing specifically from these companies that are driving the market right now.
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>> Two, it just so happens that the majority of the CEOs this of these companies have been especially
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sickopantic and >> played a really large role in enabling all this [ __ ] Whether it's Tim Cook
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showing up and prostrating himself with a Melania documentary, whether it's Amazon greenlighting a $30 million um uh
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documentary that made no [ __ ] sense that was just pure grift or bribery, >> whether it's uh uh obviously meta,
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whether it's Satcha Nadella sitting there and trying to communicate to people, I don't like it, but I'm going
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to continue to do it. Just want to remind everybody that back in the early 30s, Hitler's rise was largely enabled
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by corporate CEOs who basically said, "If you destroy our trade unions, we won't speak up against this democratic
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slide into fascism." And once it got out of hand, it was too late for them to do
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anything. So, we have been to this place before where people used the excuse of shareholder value to enable and and
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basically not provide any friction to what is the type of terror. question because I think a lot of people want to
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decide like one of the things that's good is we're Scott's I've seen some of
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it is going to give you information to make your own decisions. For example, with me I got rid of arcade. I got rid
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of the one thing I got rid of >> not buying an iPhone >> not buying an iPhone. So
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>> canceling Apple Music, whatever it might be. >> Yeah, whatever. But if you want to do
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that and keep Apple Music, like we don't we don't judge you. It's just here's
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your the tools, right? Here's the tools. Stop doing Prime. If maybe if you don't
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want to cancel Prime completely, you can stop buying on it for like people should
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decide. >> People should decide what to do. And it's not forever, by the way. It's not I
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shall never use it again, right? Like orange juice people still drink after the boycott of Anita Bryant. That's 100
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years ago, kids. Um, but that's what you're trying to get at is giving people
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tools on does it have links to where you where you can do these things or just >> name of the company, all the different
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services you can unsubscribe to, a link to where you unsubscribe, the unsubscribe page, and a brief
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description of why we're doing this. So, the the ground zero is big tech companies. And also,
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>> the truth has a nice ring to it. I'm going from two LLMs to one. I don't need
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Anthropic and Open AI. I'm going and this is the one that hurts. I'm going
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from six streaming platforms to one. I'm not giving up on all streaming platforms, but I'm going to pair it way
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back. And the free gift with purchase here, when you start looking at this stuff,
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>> I found out, for example, I have three HBO Max accounts. I didn't realize I had
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three. >> It's not a bad idea to take some time to think where am I just spending money
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every month, >> unbeknownst to me, where quite frankly, I probably could pair back a little bit.
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So there's the ground zero. That's the big tech companies who will have an
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outsiz impact on your your absenteeism. By the way, the most radical act in a capitalist society, hands down, is
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nonparticipation. Yeah. >> And then the second group of companies I list is called the blast zone. And these
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are companies that are directly working with uh ICE. AT&T awarded 90 million to
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provide ICE with IT and network projects. Comcast, Charter Communications, Dell Technologies,
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Deote, FedEx, Palanteer, UPS. I list how you can how you can leverage your economic muscle against them and what
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how they are participating. You may decide that this is you know not for you or it's too big to give up. But I'm
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giving you a ton of options. There's ground zero outsiz impact and then there's the blast zone that is companies
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directly working with them. And I want to be realistic. >> I am not going to give up telco but I've
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switched to mobile from AT&T. I'm going to go from five streaming media platforms
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>> to one. And I think you can have a lot of impact here. I'm trying to make it as
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social as possible >> and hope that people join in. But I think if we're looking the for the
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lowest tax way on citizenry >> to get the administration >> to um to pay attention. It's about
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markets. It's not about ideology. It's about math. >> And it's about not participating. And
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it's the easiest thing I could come up with to have an outsized impact. We had
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a lot of stuff about people not knowing what to do and maybe they don't want to
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go to protest or fly to Minneapolis if you don't want to do that or you don't
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want to just sit around and doom scroll and activism. This is this is an one of the many many many ways. And I think
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it's great that you're doing this, Scott. Good for you. What streaming service did you keep?
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>> Oh, I can't say. >> But I I was I was talking I had we had a you know one of those family meetings.
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Yeah. >> I don't want to play favorites. Um >> um uh because I've already heard from
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some of the CEOs of these companies. is already out. And they're, by the way,
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they're not thrilled about this. >> No, they're not. I've gotten some
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>> I've got some that was the only that was really aha moment. We had a family
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meeting and I said to my kids, we're going to cancel it all streaming streaming media platforms. And I
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literally got that look like memo to self, smother, dad, and sleep. >> So I said I said we can keep one and
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it's only for February. >> Yeah. >> And there's a huge argument because one
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kid's into Premier League football and that's Paramount Plus and the other's
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like, Paramount Plus, are you [ __ ] high? I mean, and it just caused a near riot.
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>> See, that's the I had a discussion with one of my children about Apple Music.
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I'm still in the middle of the discussion about it. I was like, >> "Oh, yeah." So, they're like, "Okay, I'm
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off Apple Music, Amazon Music, but they're keeping Spotify." It was interesting consumer preference. It came
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down to Netflix or HBO Max was the two we distilled down to, and I won't tell
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you which one we picked. >> All right. Okay. >> But it's interesting to think about how
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you prioritize. >> It is. I was surprised by the push back from one of my children. They're like,
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"Wait a minute. All my list." I was like, "Oh, you know, but anyway, you
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have those discussions. It's actually then it ended up being a really interesting discussion about economic
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boycotts and what you can do." So, it's a great opportunity to talk to your kids
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and your and your spouse or whoever about the economic choices you make in life in general. Anyway, to be clear,
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the site isn't up today, but uh but Scott will let us know over the next couple of days. Um, and we will know
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activists around the country are calling for no work, no school, and no shopping
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today on Friday, uh, January 30th, urging people to stop funding ICE. There'll be lots of activities like
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that. But not just Scott Galloway, the great economist Scott Galloway, but Robert Rice is talking about this idea.
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It's really catching on the idea of it. Um, and it's well beyond just a temporary thing. It's like show you take
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a minute and look at your life and what where you're putting your money and your
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money is important. Anyway, I have an announcement now onto me. Yes. >> Guess what? We've named my show on CNN
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that is coming in the spring. I can't say the exact day. Well, it's called
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Cara Swisser Wants to Live Forever. >> What do you think? >> Uh, I think the tagline should be, "Oh,
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fuck." >> Is it really Cara Swisser Wants to Live Forever? >> It is. It is. It's called Cara Swisser
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Wants to Live. >> What if you have a stroke in the middle of the night? >> It's brilliant. Don't you think? That's
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what Amanda said. Amanda said that, too. like she's like, "Oh, well then it would
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more people would watch it, right?" >> I I would I think it should be what if
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we live what if we live forever question mark with Cara Swisser. I would I wouldn't make it.
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>> Oh, well, it's already done. Done. Done done. >> Oh, well then I love it. I love it.
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>> I love it. Anyway, well, let me just say, let me just very briefly say for
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far too long the longevity space has been captive. This is the idea behind it of rich tech bros, jack dude
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influencers, nonsense sellers of useless supplements, and some lady who sells candles that are named after her private
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parts. Uh, sorry, Gren, but you started it. Uh, well, after >> she's lovely, by the way.
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>> I know. I know you talked to her, but I'm taking I'm there's a new sheriff in
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town. After enduring endless conversations over the years, how to live forever. I can't tell you how many
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dinner parties I've been in with tech bros telling me all manner of things, none of whom are doctors. I I want in
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except I'm going to show you the way for the rest of us. It will be grounded in
00:14:13
science and facts about the best and most affordable ways to stay healthy, happy, and smart. Also, I took ketamine
00:14:19
so you don't have to. And Scott takes a nap in it, just so you know. That's
00:14:24
that's what's coming for you. So, >> um, so a couple things. One, I think the
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market was screaming for another person without medical training to tell us how to live our lives.
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>> Excellent. Uh, >> I think that's what the market was telling us.
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But I talk to experts unlike some of these people. >> I talk to experts. >> I talk to But this the second thing is
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an honest question. Say you're not >> I I'm all over this [ __ ] cuz I have I
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now have too much money and too little time. >> Never noticed that you like to focus on
00:14:54
your health. And >> I'm way too into this. And uh so the question I would have is assume you're
00:15:01
an average income household. You know, 80 90 grand. >> Yeah. maybe living in a city, maybe
00:15:07
doing a little bit better than that, and you have insurance, but you don't have a
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ton of money to spend on the stuff. What are the two or three biggest learnings around changes in lifestyle that you
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would recommend to just >> the average American? >> I'd be happy to. It's just, you know,
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it's only six episodes. Maybe we'll have another season because there's so much
00:15:25
stuff out there and there's so much bad stuff, by the way. >> I was hoping it was five. I'm sorry.
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>> Car Switcher wants to live. Yeah, >> Fisher wants Everyone else wants this
00:15:36
series to end. >> Anyway, um that's okay. You can make fun of it. I love I love it. Um uh I say I
00:15:44
would say well obviously the main thing about longevity is don't be poor. Like I
00:15:48
hate to say that, but that's it. It it matters a lot. >> Well, that's good advice. That's not
00:15:52
going to make anyone feel bad. >> But I'm just longevity is now going >> make more money. That's the same advice
00:15:57
I've gotten from every girl I met at the Four Seasons Bar. Make more money. So,
00:16:02
one of the main things, oddly enough, you know, sleep is important, obviously, diet and and exercise are important. And
00:16:08
there's lots of things, you know, that everybody understands, fermented foods,
00:16:12
um, uh, stuff like that and eating. Um, you know, the protein debate has gotten out of hand. There's too much advice to
00:16:18
eat too much protein, but those are like around the edges of saving you minutes of your life. I think one of the things
00:16:23
I took away was one there's amazing stuff going on around cancer research using AI cancer and also mobility like
00:16:31
robotic stuff where people are going to be outfitted and the the addition of AI is going to change drug discovery cancer
00:16:37
research every it's like astonishing that is really gene editing all that stuff is really moving fast and that
00:16:43
will make a big difference in longevity or at least health span right that you'll live longer and not die of these
00:16:47
terrible diseases the second one is G this is the science part GLP-1s Scott I I think you had one of the early people
00:16:53
to this, but the benefits around uh just obesity is what >> I think it's a miracle drug.
00:16:59
>> It's a miracle drug and every doctor we talked to talked about this and it now
00:17:03
has followon advantages and so you know in very small amounts too and and that's
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>> talk about micro doing people I know I know a bunch of people do micro doing
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GLP-1. >> Yeah, I'm gonna I'm going to start doing that related to my stroke actually which
00:17:18
is interesting. So um so anyway, so there's there's there's a lot of around
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GLP1's really important and everyone vaccines and mRNA vaccines. I I know they're controversial, but they're not.
00:17:30
They're they're they're going to have a vaccine for cancer. There's that kind of
00:17:34
stuff is really amazing. But I have to tell you the abs and there's all you know all that other nonsense, the red
00:17:38
lights, none of that works really. Like some of the stuff you do doesn't work,
00:17:41
but fine, whatever. >> Can I go through the stuff I do and you tell me what you think?
00:17:45
>> Okay. I didn't do everything so I may not have an answer, but go ahead.
00:17:48
Testosterone therapy >> probably good for you. >> This is that thing they did with Peter
00:17:53
Atia. Um, red light. You don't No, you No, >> there's no scientific
00:17:57
>> vitamins. A vitamin supplements. >> Some of them. Some of them and some not.
00:18:02
Like a vitamin D, a vitamin K. Uh, some of the E super EPA stuff. Yes. Creatine.
00:18:08
Yes. Some of them ridiculous. >> I do creatine every day. >> Yeah, creatine is very good. What else?
00:18:13
>> What about um NAD? Either infusions or the pills? Most people just think
00:18:18
there's no scientific yet yet not not to push them out. Not to push them out, but
00:18:23
you know, peptides is a big moment here, but unfortunately a lot of people are using them uh ineffectively or
00:18:28
dangerously. >> But is there evidence that peptides might have? >> We don't know yet. We don't know. Not
00:18:33
yet. Not yet. That's a like there's a lot of stuff like we'll see. It's just
00:18:37
how you use it and how it's deployed. Like in the beginning of GLP1s, a lot of
00:18:41
people were getting shitty compounds and getting really sick, right? So don't do
00:18:45
compounded these things. compounded. So it's it's a matter of the one that is
00:18:50
keep going. Go ahead. What else? >> Masturbation. Great. >> Uh cold sauna or cold plunges or sauna?
00:18:57
>> Sauna. Hot sauna. Yes. Cold plunges. There's a lot new science show may be
00:19:01
really problematic on people. Although I know all the bros love it. Um but there's all these these issues around uh
00:19:08
the shock and and different things. Hot sauna is absolutely one of the things. Let me tell you the number one thing
00:19:13
both scientifically and and both causally and uh correlation is friends and family
00:19:20
>> 100. >> I want to I want to come back to that. So next one getting plowed by six hockey
00:19:24
players and rethinking everything. Just rethinking everything. Cara is that good
00:19:28
for my health. >> It is good for your health. Just be careful. >> Just rethinking.
00:19:32
>> But you you mentioned the one thing the only thing I would add the the the
00:19:36
absolute key to longevity. You just you just referenced it. Mhm. >> key to good health and longevity,
00:19:42
relationships. >> Relationships 100 a million%. And related to that is the use of social
00:19:49
media and synthetic relationships. Lack of friction wrongly. Lack of friction for your brain. Brain
00:19:56
plasticity. Play games with people. Do different things. Talk to people you don't know. It has real health effects.
00:20:03
Argue. You and I are going to live forever because of our relationship. You know, I'm just saying that's it was
00:20:08
really surprising. The number one thing and I'm not trying to be like all be
00:20:11
have be friends. Talk to people you don't know. Do things that challenge you. Um be involved in the community.
00:20:17
The more you are in the uh online space with synthetic relationships, the quicker you're going to die.
00:20:23
>> Anyway, I interviewed Timothy Snyder yesterday, the guy who's the protest
00:20:27
expert, >> and we were talking about and I challenged him. I said, "Are protests
00:20:31
the new door knockocking?" And that is they're losing effectiveness. And he
00:20:34
pushed back really solidly. He had a couple really strong points. He said, "One, when people organize, it creates
00:20:40
an infrastructure for other activities." He said, "What's happened in
00:20:42
Minneapolis, people organize and then they get a database of people, they figure out how to communicate with each
00:20:48
other, and they've been turning out on a dime to observe ICE raids. And a lot of
00:20:54
that is because the infrastructure that's been built through protest." And
00:20:58
he also said something very powerful, very simple. He said, "You feel better
00:21:02
when you do something with other people." And it was so simple but so puncturing. You feel better when you do
00:21:08
something with other people. >> Yep. And it's good for your health as it
00:21:12
turns out. It's very good for your health and it's great to bring back community. And again, neuroplasticity.
00:21:17
Anyway, uh moving on. We've got a lot to any We're very excited. Scott's site.
00:21:21
What's the name of it again? >> Resist and unsubscribe or unsubscribe February. If you like this idea, don't
00:21:28
like and subscribe. Resist and unsubscribe. And also, please post. I'll be posting my receipts
00:21:34
>> ideas. >> Please post your own ideas, your own receipts. If you've unsubscribed from
00:21:39
Amazon Prime for the month or whatever it might be, please post it to your social and try and drive people to the
00:21:45
notion of >> resist and unsubscribe. >> Yes, you can do something. And mine is
00:21:50
Cariser wants to live forever. >> There you go. >> Only Megan Kelly thinks that's not a
00:21:54
good thing. Anyway, moving on. We've got a lot to get to today, including big
00:21:57
tech earnings and major social media trials going on. So, let's dig in. White
00:22:01
House borders are Tom Hman. He of the Baggo Money just gave a presser in Minneapolis a little while ago, noting
00:22:07
he's on the ground to quote regain law and order. It's Tom Tom says he's made a
00:22:12
lot of progress since he got there like 3 days ago. This follows Trump saying he
00:22:16
would deescalate a little bit earlier in the week, but the violence hasn't stopped. Uh Representative Ilan Omar was
00:22:22
attacked with an unknown substance at a town hall on Tuesday. It's the latest
00:22:26
instance against a member of Congress, Representative Max, while Frost was physically assaulted at Sundance last
00:22:31
week, and both are Democrats, just so you know, and quite uh more on the liberal end of everything. Meanwhile,
00:22:36
the two federal agents who shot at Alex Freddy have been put on administrative leave. Border Patrol Commander Greg
00:22:42
Bovino has left Minnesota, but Homeland Security uh Secretary Christy Gnome is hanging on to her job for now. She's now
00:22:48
there's a lot of pictures of her her and a head of lettuce going on three quart
00:22:53
and that there's a lot of infighting in them in the between and among all those
00:22:56
people. Threearters of House Democrats are backing her impeachment and a couple of Republicans in the Senate are calling
00:23:01
for ouster Tom Telis who's leaving doesn't give a [ __ ] anymore has finally
00:23:05
found his balls. Uh what do you make of the changing of tact and also note Amy Clolobashar has just officially
00:23:11
announced her bid for uh Minnesota uh governor. Your thoughts? >> Oh, it's interesting. I didn't know that
00:23:16
that Senator Clolobish is running for governor. I think that's a great idea.
00:23:20
Um I think you know I've called this before and I've been wrong. I do think
00:23:23
this is a turning point and the >> when I was in high school, my mom gave me a bunch of John Irving books, you
00:23:30
know, the world according to Gar. They made me just feel a lot better about myself when I realized everyone else is
00:23:35
[ __ ] up and neurotic and having weird thoughts >> and it had a big impact on me. One of
00:23:40
the books that also had a big impact on me was George Orwell's 1984. I think in
00:23:44
some ways it kind of might be the reason I kind of went down the progressive path, but there's a line in there and
00:23:51
I'll get it wrong, but it's basically and the last act of the government was
00:23:56
to ask us to ignore or deny our our what we saw and what we heard that basically
00:24:04
all of a sudden the government had gone to no longer trust your faculties of observation. Just
00:24:10
>> it was the last and most important. >> There you go. Thank you. And you always
00:24:14
have to one up me. >> I'm just saying I >> Why does Cash want to live forever?
00:24:18
Anyways, so >> so I can be with you. >> But down. Yeah, there you go. Now we're
00:24:23
like that stuff your corpse and have it next to me like I'll just like a like a
00:24:28
>> I'm doing taxiderermy. >> Yeah, I'm doing taxiderermy. Go ahead.
00:24:31
Go ahead. >> That moment that literally that quote just popped into my mind when Christy
00:24:36
Gnome or Secretary Gnome got up. Right. We generally have these Judeo-Christian values and I imagine there are also
00:24:44
other other religions. I don't mean to limit it, but that says when someone dies, you don't desecrate them.
00:24:50
>> And when she got up and was so disrespectful of Alex Pratty and then also claimed he was a domestic
00:24:57
terrorist. >> Yeah. >> And that he was there >> and that he was there to massacre he was
00:25:02
brandishing a weapon and was there to massacre federal agents. >> I think that was Steven Miller. That was
00:25:07
a moment where I thought, "Oh my gosh." I've never seen I've seen people spin
00:25:11
[ __ ] I've seen people exaggerate. I've seen them lie. But I've never seen the
00:25:15
administration feel confident that it could just look people in the eyes and say, you know, ignore your faculties of
00:25:21
observation and trust, just believe what we say cuz we're saying it. That for me
00:25:27
was that felt very weird and chilling and like a turning point. And I think if you look to Americans's credit, the
00:25:34
majority of people and a lot more Republicans have said, "Okay, this has just gone too far." And you know how far
00:25:39
it's gone when all of a sudden when all of a sudden a guy who took $50,000 in a
00:25:43
brown lunch bag feels like the adult in the room that people are relieved that he's there.
00:25:48
>> I know because when he said regain law and order, I actually think he's
00:25:50
probably talking about the cops themselves or these these border patrol people with the masks. Um, I had a, let
00:25:56
me just say, I had a very interesting discussion with my mom, who of course I've turned her to CNN because she
00:26:00
decided Caitlyn Collins dresses well and she likes it and thinks she's adorable.
00:26:04
>> I think that's a good reason to watch these people. >> So, uh, one of the things that was
00:26:08
interesting is she she did not like those things, you know, that and one of the things that bothered her was the
00:26:13
meanness. It was, even though my mother can be very mean, um, she didn't love
00:26:18
it. Um, and she one of the things I'll tell you, she zeroed on the masks. Why
00:26:22
are they why are they wearing masks? And I said, "No, police don't wear masks."
00:26:25
>> That was the first time judges that put away cartel. >> Yeah. She was asking a question, you
00:26:31
know, and I was like, "Well, because they're private police and they want to
00:26:34
hide." And she's like, "Well, they're worried about people knowing who they
00:26:38
are." I said, "Yes, because of the things they're doing." And so, uh, it
00:26:42
was an interesting conversation. >> Think about how ironic it is. We're now
00:26:45
deploying and coordinating unbelievable firepower and assets in Iran or in the Gulf claiming that okay, we need to do
00:26:53
something because the government is executing people in the street. >> Yeah.
00:26:57
>> Well, our government is executing people in the street. >> That's correct.
00:27:01
>> So that irony granted, it's not on the same scale, but that irony is not lost
00:27:06
on >> No. No. Let me point something out. They're headed to Ohio to do this with
00:27:10
Haitians. Let me They're not stopping. They raided a an election site, try to
00:27:15
pretend that the election was stolen in Georgia. Very dangerous. Um they're they're they're going to do this thing
00:27:21
in Ohio. These people aren't going to stop. I just don't I know we're like ah
00:27:25
finally we've got him. This guy finally we never get him. Whoever's controlling
00:27:29
him and I think he's not from what I understand he's doesn't work very much
00:27:33
during the day. Uh someone high up in the Trump administration told me he works 5 hours a day. Um, so they're
00:27:40
another 19 hours is someone else. Um, and so I think that that they're going
00:27:45
to keep going. They're going to go they have Steven Miller has no shame and they
00:27:49
will go to Ohio. Um, and and JD Vance has talked about this. When I think about this on a metal level, I think
00:27:55
about the Trump administration and MAGA, a key philosophy or cornerstone is that
00:28:00
they believe if we could just turn back the clock and go back to ' 50s America
00:28:04
where white people and males were largely in charge of everything that this would be a better place. And
00:28:10
they're just uncomfortable with the browning of America. They're uncomfortable with more progressive
00:28:14
values. They're uncomfortable with women's rights. And they just want to
00:28:18
take us back. And it's almost sort of poetic is the wrong word, but ironic. Renee Good and Alex Pretty. So, okay,
00:28:25
what do we have here? I mean, it's just so I don't know if you've noticed this.
00:28:29
We have, and I don't want to be reductive, but I'm going to be really lovely
00:28:35
gay parents and a male ICU nurse. It's almost as if they said, "How do we find
00:28:42
what represents the future and push back on it in the most heinous way possible?" I mean, these two people in a
00:28:52
lot of ways and I's ability to sniff out really good people. There was a story
00:28:56
about Renee Good and her partner >> the day before circling the school block
00:29:01
two or three times cuz their kid struggles with social anxiety and waving at the kid to make the kid feel more
00:29:06
comfortable. >> The sendoff, the the video you found of >> of Alex Prey. I mean, this these were
00:29:13
these are really good. They're not only really good people, but in a weird way,
00:29:18
I look at them and I think that's the future of America, and that's what MAGA
00:29:22
hates. >> Well, they will keep going. And let me just say, they they do in particular,
00:29:26
let's not take the focus, they are they have been targeting people of color,
00:29:29
like the immigrants who are hardworking. Uh they're going for the Haitians now.
00:29:34
Um the people they're trying to weed out are are very hardworking. >> Well, I think this was accidental or not
00:29:41
strategic. They didn't say go find a white ICU nurse. Yeah. But doesn't it
00:29:45
find you as is doesn't it strike you as just very ironic and almost like out of
00:29:49
a play kind of? It >> it does. The picture that got me the most was that that kid I think he his
00:29:55
his parents were 5-year-old was just like his parents are immigrants and >> uh that got me the most. I have the hat
00:30:03
and then them sitting they're just they're so um inhuman uh that it's
00:30:08
really the visuals are quite something. Now, there have been visuals before, whether it was the attacks during the
00:30:13
civil rights era, if you remember the dogs and the and the hoses on on people of color um down in the south or and
00:30:21
then there was, you know, the the Vietnam photo of the girl running. >> I was just thinking of that corpse
00:30:28
moment, the one the one the the child dead on the beach. There's a lot of very
00:30:34
strong. Yeah, there's a lot the this is coming at you so hard. That's what I was
00:30:39
talking about this week is that um but speaking of photos and impact, Tim Cook is finally speaking out in Minnesota
00:30:46
calling for deescalation. Thanks, Tim. Um it's like as as bland as the quinoa
00:30:50
you enjoy. Um after facing a backlash for attending the White House, Melania premiere uh the same day as Alex Prey
00:30:57
the shooting. Um Cook noted in an internal memo that he had a good conversation with the president where he
00:31:01
shared his views. Sam Alman also weighed in telling Open AI that ICE had go was going too far. I think though he said
00:31:07
President Trump is a very strong leader and I hope he'll rise to the moment and
00:31:10
unite the country. Both of them had to compliment Trump and spent very little time talking about the victims. In fact,
00:31:16
not at all. Um so very uh very I think weak sauce responses uh from uh and then and Almanaged to get a slap in at
00:31:26
Zuckerberg at some point in one of his statements. um talk a little bit about this because it's I'll tell you
00:31:34
internally at Apple it's crazy. People are really furious. I can tell you that.
00:31:38
Um from talking to lots of Apple employees and all levels of this company and you know I think of all the
00:31:45
companies it's really interesting. Apple feels the most betrayal if you if you
00:31:49
look online at least and I know that doesn't represent everything but it certainly is not a good look for him to
00:31:54
be standing next to Brett Ratner who has his own issues. Um, and uh, and in a tuxedo with the white it just the whole
00:32:03
thing. By the way, no one's ever going to see this. Melania, one of the more
00:32:06
enjoyable things is people showing pictures of theaters that sold zero tickets. Um, because Amazon, why aren't
00:32:12
they more mad at Amazon who paid $40 million, spent $35 million marketing this, and there were two there was
00:32:18
several Amazon executives at the event. But what do you think about this? I think we love Apple. That's why, right?
00:32:24
I guess. I don't know. >> I think Tim Cook is the new Bob Iger. and that is he's going to take an
00:32:29
incredible career and put a giant, you know, [ __ ] stick at the end of it. I there is an unfortunate but necessary
00:32:40
lesson in life around the intersection between your participation in time and other people. And that is the last five
00:32:46
minutes are the most important five minutes. When you're at a party and you're leaving, do your best to be as
00:32:52
[ __ ] charming as possible and go around and say hi. And there's that famous study where they're giving dudes
00:32:58
colonoscopies and one is just 45 minutes and the other's 50 minutes but the last
00:33:02
five minutes they don't move it around so it's not as uncomfortable and the men
00:33:06
who had the device inside of them for 50 minutes it was much more pleasant because all they remember is the last 5
00:33:11
minutes which was not that unpleasant. When you leave an organization when you quit or you've been fired you swallow
00:33:18
everything and you could not be more [ __ ] charming because that is how they will remember you. Shockingly,
00:33:23
that's how I lead places. But go ahead. You think I How dare you? >> Or just on a more serious level, if
00:33:31
you're getting divorced >> Mhm. >> do everything you can to be as gracious
00:33:35
and generous as possible on the way out. Even if it means taking some lumps, being treated unfairly.
00:33:42
This this is if you've been married 5, 10, 40 years, everyone, your partner,
00:33:49
their parents, your friends, your kids will remember who was the bigger person. And Tim Cook, unfortunately, he's been
00:33:58
an amazing CEO. And I also agree >> from everyone I know that from everyone
00:34:03
I know that knows him, including you, I don't know them, they say he's a good
00:34:06
man. But here's the thing. This will be this this small period towards the end
00:34:11
of his tenure where he shows up to the White House for a ridiculous premiere where he says he can't wait to spend
00:34:17
time with Melania when he shows up with a with a a handwritten disc drive and literally just is a sickopant to the
00:34:25
president and >> in the statement adding adding the the president. >> That's how he's going to be.
00:34:30
Unfortunately, >> you didn't put that in. Not this time. That to me I was like, "Oh, come on.
00:34:35
Leave that out that one sentence. I just talk what was what did you call our relationship with Apple in that book
00:34:41
when I met you? >> Uh Google is God. You know you pray to it ask it for an answer comes back with
00:34:46
something. Amazon is your gut. Never consumption you know more for less. Uh Apple is your genitals. When you the
00:34:55
billion people have iOS are the most attractive potential mates in the world. It's the most subtle way of saying you
00:35:01
should have sex with me. >> Well, I would I would argue more so. You love I love people love Apple like
00:35:06
>> incredible product. >> No, but they have a relationship with it. The whole think different they have
00:35:11
marketed to you in a values way, right? Privacy. >> He's added more shareholder value than
00:35:16
any individual in history with the exception of Jensen Hong. And unfortunately, >> but I'm just saying people have that's
00:35:22
what people are like why why do you attack Apple when Meta is I was like because we don't like him. We like
00:35:27
Apple. >> Well, this feels like more of a betrayal. We thought if there was one
00:35:31
person who was going to stand up and say uh I have been a huge beneficiary of rule of law and the progress of rights
00:35:38
in America and Apple's been an enormous beneficiary of competition and rule of
00:35:43
law and what's going on here is directly contrary to everything that's given me
00:35:46
incredible opportunities and created $4 trillion in shareholder value. We are not down with this. But instead, he's
00:35:52
like, well, I'd love to hang out with Melania. Just make sure that we're
00:35:54
exempt from those those China those pesky China tariffs >> and deescalate the word. This this
00:35:59
statement was such weak sauce. It was deescalate. Like I also thought and as Stephanie Rule actually correctly
00:36:05
pointed out, it was bland. And the one from the Minneapolis Commerce was like, let's de let's all get along. I'm like
00:36:12
there's there is a side here and it's not with the police at this moment or
00:36:16
not the police. The police are doing great in Minneapolis. It's the um it's
00:36:20
these thugs from from and they have given Tim Cook and the rest of tech a very easy way to say how dare you talk
00:36:30
about people like that which you were just talking about Christine Gnome. They have gone to a ghoulish place and one
00:36:36
person who did speak out let me just say Venode Kosla went distel Keith Ra boy was saying about the shooting who
00:36:45
because Keith was wrong as always. Um, and he also got into a beef with Elon Musk, very public about racism, which
00:36:52
was I I'm not surprised Venode is like that. But like it didn't cost Venode
00:36:57
anything to do that. And Venote and I don't agree on lots of stuff, right? Sometimes he says, I'm like, are you
00:37:02
kidding me? But like he was a person, right? He and this these statements by Cook and uh and Sam Alman and the rest
00:37:10
of them, they're not you're not people. Stop acting like you're not people. And
00:37:14
that's like having to throw in President Trump as a very strong leader or I had a
00:37:18
discussion with President Trump. How rich do you have to be that you point of having all this money?
00:37:24
>> What is the point of being this powerful and having to to be such a just a weak
00:37:31
person and a weak moral person that to me I just don't understand. People keep
00:37:36
people ask me like what job is safe from AI and I say I personally think if I were to bet on one job that's only going
00:37:42
to increase in importance. It's things around communication, strategic communications, investor relations, PR.
00:37:48
And the two biggest communications mistakes of the last probably quarter happened in the last week. On a
00:37:54
corporate level, whoever the [ __ ] didn't literally bodyb block Tim Cook from not
00:37:59
only going to that dinner, but but getting a picture with Brett Ratner. And I'm not I'm not going to make a judgment
00:38:06
on Brett Ratner's past, >> but please don't read about it. >> But that's just not a that's just not a
00:38:12
good look to be at the Melania premiere taking I mean it's like the any PR person who has any intelligence in Apple
00:38:19
thought, okay, I'm about to get fired and I deserve to be fired. And then the
00:38:23
second biggest communications mistake, a rookie move was for the administration to create a talking point that, oh, you
00:38:30
show up with a gun, you're looking for trouble at a protest. And also the NRA
00:38:34
came out and said, "Look," and there's some data here. >> If you have the training that uh Alex
00:38:40
Prey had and you have a license to carry and conceal and you've never committed
00:38:45
so much as a misdemeanor, you're seven to 10 times less likely to commit a crime. There is something to the notion
00:38:52
of safe, well-trained, registered, you know, carry laws. And the protest is looking to get denying
00:39:04
people's right to oh >> he first amendment and now you decide in one fell swoop to talk about violating
00:39:12
the second amendment claiming that people that have guns are looking for trouble and more deserving. The entire
00:39:18
second amendment is meant to prevent this. we need to arm as a citizenry in case tyranny takes over from the
00:39:26
government. >> But that's not what he was even doing. He wasn't even brandishing the word
00:39:30
brandish. He was brand that I think gnome said that he was brandishing a gun. He didn't brandish anything. He
00:39:35
never touched his gun. Brandish Christie. >> But that was just such a huge error on
00:39:42
their part cuz quite frankly when the NRA weighs in and says this is [ __ ] it becomes a very bipartisan issue.
00:39:48
>> Well, in any case, Tim Cook, bad show. Bad show all around. I think you should
00:39:53
do an interview with Cara Swisser and then see if you can make it through that. Anyway, uh let's go on a quick
00:39:58
break. When we come back, Big Tech goes to court over addictive products. >> Support for the show comes from Wix.
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00:41:03
Scott, we're back with more news. This is a really interesting big tech trial
00:41:07
taking place that we haven't really paid attention to. kicked off in LA this week
00:41:10
where a plaintiff is suing Meta, Tik Tok, Snap, and YouTube claiming personal injury through addictive products. This
00:41:16
claims uh features like infinite scrolling and algorithm recommendations lead to compulsive use resulting in
00:41:21
problems like depression and anxiety. Um executives including Mark Zuckerberg are
00:41:26
expected to testify with nine cases likely to be heard. Tik Tok and Snap settled with the with the first plaint.
00:41:33
It's kind of a little bit of a big tobacco moment. I and I know these trials you never know where they're
00:41:37
going to go, but really people are have not been paying attention to this trial and it's in an area you and I talk about
00:41:44
a lot and there's plenty of plenty of texts back and forth about obsession and
00:41:49
addiction and and there's a lot of discovery here um that should be really interest of these executives talking
00:41:56
about what they're doing very similar to big tobacco. Yeah, we know when they
00:42:00
smoke it they love it. Like we know they're addicted, that kind of stuff. And so I think it should be a really re
00:42:05
I mean we know they know this and someone like Tristan Harris has been talking about it for years. I've been
00:42:11
talking about it. You've been talking about it. Um you know and now it's got
00:42:15
to the dangers of suicide with young people too. So any thoughts? >> We're going to look back on this era and
00:42:21
decide that letting a 16-year-old on Snap or on Instagram or on TikTok is probably more harmful than if we'd let
00:42:27
16-year-olds smoke cigarettes or drink alcohol. 6% of teens um qualify as being addicted to drugs or alcohol. 24%
00:42:36
qualify as addicts to social media. And the heaviest users are twice as likely to have suicidal intent. They're also
00:42:44
the group in the highest usage are more likely to express poor body image more than the lowest use group. The bottom
00:42:51
line this is to say this is like kids smoking is unfair to tobacco when I I I mean this
00:43:00
is going to sound I said this and I got a ton of [ __ ] for it a few years ago and
00:43:03
it was the first time I was featured on late night TV. Not in a good way. Let's
00:43:07
do it again. Let's say it again. >> Well, I said I'd rather give my
00:43:10
16-year-old a bottle of Jack and some weed than a Tik Tok. >> Oh, no. I agree with you, but go ahead.
00:43:17
and and they played that and said that was so ridiculous when I I didn't I hung
00:43:21
out with a Mormon kid all through in a in a and a a great athlete in high school and neither of them drank. I
00:43:27
actually think I could have benefited from easing into alcohol anyways. this social media that I've said this that
00:43:35
the the thing we're going to regret most we're going to look back and think how
00:43:37
did we let this happen to our kids and and even outside of hardcore addiction I'm not exaggerating 60%
00:43:46
maybe 70% of the family anxiety my family registers arguments between me and the kids
00:43:54
arguments between the kids and their mother arguments between me and their mother revolve around the [ __ ] ing phone
00:44:02
and social media. >> I feel you. I feel you, Scott. >> And when we leave our kid alone and we
00:44:07
go on vacation and we're checking custodio and he calls us and he's not at
00:44:12
school and we find out he was on social media all night and and people say, "Well, that's bad parenting. You're in
00:44:19
control." Yeah. That means you don't have kids. >> Exactly. >> It's not a collective movement. If you
00:44:25
take your kid off a snap, he is then further depressed because he's ostracized because this is how these
00:44:31
kids communicate with each other. >> It needs to be a collective action. There should be no synthetic
00:44:37
relationship. >> Collective actions. Can Can I add I have to say one of the greatest moments my
00:44:42
parenting is when my son without unbeknownst to me used Amazon to order a box to put his phone in. Alex did it um
00:44:49
and lock it away to do his homework cuz it was distracting him. You know what I mean? like he this when he was in high
00:44:55
school I was really proud of him like he understood the issue easily and one of the things that's really hard um is
00:45:03
including for adults I was at one work meeting and I made everyone put the phone in the middle of the table it was
00:45:09
very uncomfortable >> I'm addicted let me be clear I was like put them in the middle don't touch them
00:45:13
don't touch them like oh I have to my kid I'm like it'll be fine nobody's
00:45:17
nobody's going to get in an emergency and if it is I'm sorry in advance but it
00:45:22
probably isn't Um, it's really hard. And I think what's going to be interesting here, we have to
00:45:26
move on from this, but let's pay we're going to pay attention to this trial
00:45:28
because it's really important. But we're going to read out some of the texts and
00:45:32
emails that these people know exactly what they're doing and they they they relish it. They relish the hold they
00:45:40
have on people. They relish the hold they have on teens and they are very aware just like big tobacco of what
00:45:47
they're up to here and no matter what they say in public. And so that will be
00:45:52
stuff. We'll be doing dramatic readings of that. All right, Scott, let's go to
00:45:56
on a quick break. When we come back, we'll talk big tech earnings. >> Support for the show comes from tsiatry.
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00:47:11
Scott, we're back with more news. The S&P 500 crossed the 7,000 mark for the
00:47:15
first time ever on Wednesday ahead of major tech earnings. Tech, of course, fueled it. Let's walk quickly through
00:47:20
the results. Meta posted a strong quarter uh with fourth quarter sales up 24% year-over-year. That's really
00:47:25
impressive. His AI spending spree continues with a projected capex of up to 135 billion in 2026. Probably a lot
00:47:32
of that will be dedicated hopefully to advertising for them because that's where they'll get the most bang for
00:47:37
their buck. Uh Microsoft also shows no sign of pulling back on AI, spending $ 37.5 billion on capex in the latest
00:47:44
quarter. Uh 66% increase from last year. The picture was less rosy for Tesla, which reported uh a 61% drop in net
00:47:52
income for the quarter, down 46% for the year. The stock is still soaring inexplicably. Tesla is also scrapping
00:47:57
the Model S and X cars using the factory space to build robots. He's going all in
00:48:01
on robots. I one thing I say about him, he's when he goes for it, he goes for
00:48:05
it. and I've heard is some of his robotic stuff is very impressive, but nonetheless, he's betting the farm on
00:48:10
it. Again, it's investing about $2 billion in XAI. The combination of robotics and XI and X, excuse me, um AI
00:48:17
to me is really important. I've talked about this before. Um also, there's
00:48:21
layoffs at Amazon and related to AI and Pinterest, very large layoffs. Uh they're all sort of using AI to to to
00:48:30
cut labor costs. Um what jumps out at you the most? Well, I think AI is going to add a lot of shareholder value, but
00:48:36
not where we think it's going to add the most value. I think the AI native companies are overvalued right now. I
00:48:41
think the invi Nvidia, the open AI, the anthropics of the world are probably overvalued. Where I do think you'll see
00:48:49
an increase in shareholder value is the application of it, specifically autonomous. I think Whimo is going to be
00:48:54
a trillion dollar company on its own. um targeting of ads and and making the consumer experience better and creating
00:49:03
a better advertising stack. I gotta be honest, I think I think um I think Instagram and threads get better every
00:49:10
day. I think they're fantastic. I think the consumer experience and also >> so does Gemini on Google, by the way.
00:49:16
I've done a little poking around around how an advert I just don't see why I I I
00:49:21
can't imagine what it's like to be selling ads for MSNBC right now when the
00:49:25
person the person from Meta or Google show up and show and show you what they can do. Oh, you're targeting kids who
00:49:32
just got their driver's licenses in Montlair, New Jersey. No problem. We can
00:49:36
reach them one at a time at scale >> with perfect ads that are help >> at the right moment. it ends up people
00:49:42
want to buy life insurance uh and you know at 700 p.m. right after I mean they just anyways um uh so Meta's earnings
00:49:52
incredible revenue up 24% yearonear >> it's a big company >> and not only that their employee base
00:49:58
wasn't up 24% I don't have the number but I think it was barely up >> and then
00:50:04
>> Microsoft >> um the one that was down six or 7% they were up 7% the one that was down was
00:50:11
Microsoft because uh Azure didn't let up its cloud company didn't um uh it had
00:50:17
growth of 39% which still topped analyst expectations but unfortunately the new expectations is that you blow away
00:50:24
expectations um u but still Azure cloud computing the demand is so great that Microsoft's
00:50:32
backlog of commercial bookings were up 110% to 625 billion there's some concerns about over reliance on open AI
00:50:40
where as a whopping 45% of this backlog is attributed to their core of a trillion dollar agreement they made in
00:50:46
October. And also its gross margins because of the increase in capex is the lowest it's been in 3 years coming in
00:50:53
around 68% which spooks some people. Tesla I can't even I can't even begin to
00:50:59
understand what the [ __ ] is going on there. I think this this stock should be down 90%. It's become a meme stock. It's
00:51:05
that's all I have heard I I suspect he's just decided cars aren't the way to do
00:51:10
it and that he has some advantages in robotics and several people have who have called me recently and said
00:51:16
actually he's doing a lot of really innovative stuff around robotics. It's
00:51:19
just he's bedding the farm on that everyone wants to have an Optimus robot in their house, I guess. But who knows?
00:51:26
>> But it's a I'm sorry. Go ahead, T. >> He's done it before. Like that's the
00:51:29
only thing I would say, but he hasn't shown. The other thing he's done before
00:51:32
is say we're going to land on Mars. We're going to He makes promises he never his mouth makes promises he can't
00:51:38
keep in in reality. So the question is like getting rid the Model S and X cars were made by Rivian and Lucid and and
00:51:47
and the Chinese, right? He's gotten out of this business. He's not in the car
00:51:51
business anymore, it seems like. And so the question is, can this robotics business meet the challenge? We'll see.
00:51:58
>> Well, to be fair, they did beat expectations, but let's talk about what
00:52:02
those expectations were. >> The revenues are down of all the companies we talk about. No one no one
00:52:08
is down. my you know what Met is up 23%. Um and then overall a horrific quarter their operating margins and that is the
00:52:18
amount of money you get to hold on to was 7.2% in last year in the same quarter this
00:52:24
year was down to 46%. That's like a that's a meltdown. Their free cash flow
00:52:28
decreased 30%. Their gap net income decreased 61%. They realized >> they got a half a billion dollars in
00:52:36
automotive regulatory credits that are going to be running out thanks to the big beautiful bill.
00:52:41
>> People still believe in him. They're giving him money for X. I think he's
00:52:43
going to merge it into XA. Like I keep saying, >> he's now using Tesla as kind of
00:52:47
nutrition for XAI. They disclosed that Tesla invested 2 billion in Musk's company XAI.
00:52:54
So this is, you know, and he's needs a new vision, a new distraction, and as
00:52:58
you said, he's gone all in on Optimus, which I think is going to compete with
00:53:03
the Cybert truck and the Segway and the Palm is the biggest flops in history. Or
00:53:07
maybe the mixed reality headset. >> Yeah. >> The other thing that struck me was the
00:53:11
layoffs in Amazon. >> Yeah. >> And that is they by the way >> 16. Yeah. But it's for different
00:53:16
reasons. Pinterest is doing it because Pinterest is [ __ ] in subscale. I like Pinterest. I like the people there. It's
00:53:21
subscale. it's going to have a very difficult time. Um, Amazon laid off 16,000 people in their corporate
00:53:27
workforce, which doesn't sound like a lot because they employ 1.6 million people, but the majority of those people
00:53:31
are in their factories. This is probably close to 10% of their corporate staff. And this really is I've said for a long
00:53:38
time that AI is corporate ompic. All these guys are going, you know, I mean, Amazon has said they're going to double
00:53:47
their topline retail revenue in the next five to seven years without a single increase in the number of headcount.
00:53:56
That's AI. And then also I think the place and Amazon's my big tech stock
00:54:00
pick for 26 the the collision and you've referenced this of AI industrialized robots of
00:54:06
which Amazon has a million industrialized robots and the total number of industrial robots in America
00:54:12
outside of Amazon is 400,000. So they have gone just as Musk is going allin on robots no [ __ ] sense.
00:54:22
Amazon, Jaffy and Bezos are going all in on AI driven industrialized robots. >> They were there before. They bought a
00:54:29
company called KA many years ago. But just so you know, recent Amazon layoffs plus October layoffs is 10% of the
00:54:35
company. It's it's a pre they had one. >> Oh, is it? Thank you. Yeah.
00:54:38
>> But UPS cut 30,000 jobs. I mean, these guys >> are >> industrial robotics. That's AI. I
00:54:46
interviewed David Solomon from Goldman Sachs on Prog and he said uh I mean I they're planning to grow their revenue
00:54:53
substantially in the next two or three years. Goldman's in a great spot right
00:54:55
now. Great leadership. They're doing well. Uh but he admitted employment will
00:55:00
begin to flatten. You know, no CEO is going to come out and say I'm going to
00:55:05
reduce 10 or 20% of my workforce, right? No, they can't say that because then
00:55:09
everyone the best people start leaving. But what he did say is it's going to
00:55:12
flatten. So what we're looking at here, >> black is the new up, >> right? But what this takes their
00:55:19
earnings and absolutely makes them go crazy. And then when these companies do well, everyone, you know, the S&P does
00:55:26
well because the S&P is now kind of the SM, you know, the it's not the S&P 500,
00:55:30
it's the S&P 10. Anyways, these companies on the whole continue to just be extraordinary. And that is until this
00:55:38
movement called resist and unsubscribe came along. Testicles meet Foot. One more quick break. This is absolutely
00:55:44
true. O corporate ompic, take it away. All right, Scott. One more quick break. We'll be back for predictions.
00:55:51
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00:56:47
podcasts. Okay, Scott. Uh, you want to go first or shall I? No, you're gonna go. You're
00:56:56
gonna I'm gonna I'm gonna I'm going to make one quick prediction, okay? If you
00:56:59
don't mind. The Super Bowl is just a few weeks away. Um, and go uh Seahawks. Um,
00:57:04
but I've already uh have a prediction for the best ad. Lady Gaga, did you see
00:57:08
that? Singing Mr. Rogers Beautiful Day in Your Neighborhood in an ad for Red Fin and Rocket Mortgage. I don't really
00:57:14
care about the ad, but they they released a teaser clip and she sounds amazing. >> She's got an incredible voice.
00:57:20
>> Oh, it's going to be the best ad. I'm going to We'll talk about the ads later
00:57:23
cuz that's >> That was not the prediction I was expecting. >> Okay.
00:57:26
>> It's very similar to mine in that is we're about to uh engage in military
00:57:29
strikes against Iran. So, very similar predictions. >> Yeah. Okay. Lady Gaga. Okay.
00:57:35
>> It's just so strange that the Epstein files are now a distraction for me. It's
00:57:38
like the behavior keeps getting more and more depraved that we have to >> say they're the safest thing in America
00:57:42
is are the Epstein files, but go ahead. >> No, I I I've made this prediction before
00:57:46
and I'm just making it again. It feels like I follow this I love this guy the
00:57:50
Gioar on Tik Tok and there's I mean I'm f I'm sold I'm just fascinated with
00:57:56
military equipment and it just it appears that all our assets are being coordinated in the Gulf for a pretty
00:58:02
obvious reason and I don't know if Trump is doing it for the right or the wrong
00:58:05
reasons maybe as a distraction but I think he absolutely loves the Tarzan flex of of leveraging the best
00:58:12
organization in history and that's the military and it appears to me that they
00:58:15
are absolutely even the planes that deploying to the area are like giant gas stations in the sky.
00:58:21
>> Um I think Israel's on board because I think they think it would be good for
00:58:24
their brand. So I think you're going to see a coordinated some sort of coordinated strike in Iran in the next 7
00:58:29
to 14 days. And that's >> I think you're going to see a coordinated strike against Ohio or
00:58:33
wherever they're going to attack the Haitians who are not eating the cats and
00:58:37
dogs. That's where I think you're going to see the next strike. >> Do you think so? You you don't think
00:58:41
they're going to pull back at all? >> No. >> Yeah, you're probably right.
00:58:45
>> Anyway, we want to hear from you. Send us your questions about business, tech,
00:58:48
or whatever's on your mind. Go to nymag.com/pivot to submit a question for the show or call 85551 pivot. Okay,
00:58:54
that's the show. Thanks for listening to Pivot. Be sure to like and subscribe to
00:58:57
our YouTube channel. We'll be back next week. Cara, >> have a great weekend.