00:00:00
oh my God I can't go to a sex movie with you I just that just flashed through my brain well that that wasn't that wasn't on my bingo card either
00:00:07
[Music] so hi everyone this is Pivot from New York Magazine and the VOX media podcast Network I am the very cruel Cara swisher
00:00:20
and I'm the deceitful Scott Galloway yeah and we're both mean right we're both mean yeah I know we're off that
00:00:26
one's accurate don't you think that one's accurate we're going to get retion begins with two podcasts I know
00:00:33
so I don't know about you uh you know but that was kind of something for Elon to attack us on the Twitter well neither
00:00:39
of us are over there so we had to be told by people we're like What huh what what not nice although I'm glad I didn't have to read I guess there's 11 or 12,000 comments the same thing happens
00:00:51
whenever this happens well my guess is it wasn't talking about your gray hair and my broad shoulders
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but I my whenever tweets about me the same thing happens my phone starts blowing up I'm like are you all right
00:01:03
I'm like oh [ __ ] did something bad happen he's and then someone sent me a screenshot I'm like I don't the thing
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about being off of of Twitter is you realize how small it is it's like no my life is absolutely no different and the
00:01:15
thing that that immedately came to mind is one of my favorite quotes of FDR is that I ask you to judge me by the
00:01:21
enemies I have made I know it's so weird let me just let me just add though M these were my comments mhm they were and goes after you of course it's like I'm
00:01:33
always taking a bullet for you Galloway I'm like I said these things Elon not not Cara and he's acting like these individuals first off can the guy not
00:01:45
afford autoc correct it's like young it's like his team or grammar pick a struggle
00:01:51
and and the notion that there somehow these he portrayed these this team as being in Guantanamo Bay when the reality is they're on a Discord server figuring out if their logo or their meme should
00:02:02
have sunglasses it's just to portray these kids as victims is just kind of hilarious but I I did feel bad that he went after you and not just me so course
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he well I I am pretty obnoxious about him all over the place so it probably like glommed up into one big you didn't
00:02:19
say anything in General on on CNN or I call him a toddler an adult toddler on any day of the week and twice on Sunday or anything just us threatening him but the here's the deal here's first of all
00:02:32
all we all you said and all and I tend to agree with is you know these from the reporting the exceptional reporting by
00:02:39
wired for example these guys s a couple of them sound like a prick right like and we said it these people sound like
00:02:46
Pricks they're doing something that's probably fun for them they get to work for Elon Musk they get to like raid the
00:02:51
government or everything else we just we're like this is not the way we should make sausage in our country it's really
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gross how they're doing it this way and they need to do it in a legal way that's all we said and he tries to insinuate
00:03:04
that we're threatening them cuz as I say everything every accusation is a confession by these fellas and um let me
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just read the the thing the for people don't understand he reposted a video of us talking about Doge employees in our
00:03:20
last uh episode um Scott swisser and Gall are threatening talented young software Engineers who gave up high
00:03:26
compensation for death threats in order to give to help American people shame on swisser and Galloway cruel mean and
00:03:32
deceitful human beings that they are first of all they they're going to make high compensation later Poes for doing
00:03:39
this this UPS the compensation level for them because they become Legend uh among tech people whatever because they work
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for Elon what depending how it turns out um also they didn't trade it for death threats like they traded it because this
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is what they want to do and they were enthusiastically doing it and we don't have to like them and just by not liking
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them we're not threatening them so that's [ __ ] nonsense neither you didn't threaten them in any way and it's
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a larger part of his strategy of intimidating journalists they're trying he's trying to shut us up and somehow
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link us if anything ever happened to them to them just because we don't like them and so that's my anyway go ahead
00:04:16
the just to steal man it he does have a point in the sense that let's be clear the the in my opinion trespassing and illegal takeover of our government to
00:04:28
hack the system such that veterans and kids and people benefiting from Head Start uh this is on the president and Elon Musk it's really not about these kids it's it's really not about them but
00:04:40
what I would ask him is that he come after me when I say things like wow Elon Musk appears to have made a hard Reich
00:04:47
in his politics or that the new model Tesla Model SS is coming out I say those things you don't I know and if he's going to accuse me of overreach yeah
00:05:00
then come after me [ __ ] to go after the woman it it shows one of two things either you're weak or you're I have an incredible bias I misogynist if if the
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man says something about you and you keep going after the woman who's near him that just implies incredible
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weakness on your part yeah I get it I understand I I do attack him pretty a lot I realize you don't need protecting
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I just found it like he puts your name first like you did that it was me well he likes to do that you know but let me
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just say about the death threats you know when I got death threats when he said my heart was seething with hate remember with the O Roth where he said
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you all was evil uh and I was my heart was seething was filled with seething hate that I got should he have not done
00:05:44
that I didn't like [ __ ] and moan about that and I got a lot of really frightening stuff aimed at me when he
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does it every time so you know what and instead he [ __ ] and moans about it well I'm bitching moaning now guess what
00:05:57
I got death threats guess what I can handle it um it just is a again a larger strategy
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of intimidating journalists and other people who speak out and disagree with him president Trump called for the
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Washington Post of fire columnist Eugene Robinson Elon Musk called speaking of which investigative reporter Katherine
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long who was writing about this stuff disgusting and cruel um you know just this is what these people do all the time they do all kinds of intimidating and rude remarks and that's to say
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nothing of his endless anti-trans stuff anti-immigrant stuff his tasteless stuff
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about gay people his tasteless stuff about women about anyone who opposes him so this guy you know pot Kettle nice to
00:06:39
meet you anyway there you have it well I I you know look we get it wrong sometimes but just keep in mind both Cara swisser and Scott Galloway we live with our
00:06:50
children and so we got that going for us that's true and we're not we're not giving one that was your best one you're
00:06:58
such a great dad we're not you're an amazing father I to the best of my knowledge I I have not hired video game players uh to pretend they're me such
00:07:09
that I can go on podcast and say I'm a worldclass video game player I'm not creating fake accounts to call myself an
00:07:14
amazing dad I do a lot of virtue signaling around my fatherhood but I haven't gone that far you know and so
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far so far I am not addicted to ketamine I have shown some discipline around that I'm willing to try oh how I'm willing to
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try no no I didn't I I didn't get there I just went out and drank instead I had something called I had two mecal
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margaritas and half an edible and that worked for me that all works Jeff swisser said he'd help you if you need
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help because he gives camine every day as a doctor not that he's gonna oh I got to tell you I had I'm sorry I keep
00:07:46
bringing this AR to me I had lunch with Chris Anderson from Ted oh yeah him and he sat down and it was so lovely you
00:07:52
know what he said to me he looked at me and he's like me and jacine his wife who's who's lovely he's like are you all
00:07:57
right I'm like yeah well I mean I'm no less [ __ ] I'm more [ __ ] up than I usually am people are people after
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hearing that podcast are worried about me and taking me out to lunch and sitting me down and of course I gave my answer goes no no really no really Scott
00:08:14
are you are you all right and also would you be willing to come back and do another talk um anyways um didn't he
00:08:20
step down from Ted he's like he's basically it's kind of a gangster move I don't know if you've heard about this he
00:08:25
said I'm giving Ted away and of course he's going to give it away to some billion who put a bunch of money behind
00:08:30
it right but he has basically decided to give Ted he needs every Democrat over the age of a 100 like 40 50% of them needs to take a a a note out of the Chris Anderson page book he's a great
00:08:43
fiduciary for organization he think Ted play Ted plays an important role he's like it is time to bring someone more
00:08:49
youthful and vigorous and some new ideas to this thing and he's going to give it away and he's doing this big competition
00:08:54
to give Ted away you know why CU he's tired as [ __ ] I know where he sits after leaving oh 100% he wants out I want he's
00:09:03
on he's like he's on the last helicopter out of the Saigon Embassy he's like and I was like oh a legacy la la la you know
00:09:10
what I was tired of doing it I was just [ __ ] exhausted and I did a great job but I feel I feel his pain so are you
00:09:17
okay Scott are you okay especially because Elon attacked you me answered him I answered him the same way I always
00:09:24
answered that question I hate my life less and less every day things are going pretty well yeah yeah yeah but this
00:09:31
notion that like I'm not this [ __ ] used to bother me yeah it did it doesn't bother you anymore it doesn't I I feel like I'm turning into one of those villains that gets energy from attacks I
00:09:43
love that this guy hates me like he punches you and then you get his energy like that kind of person that's like
00:09:49
seriously I'm doing we're doing some right Cara we're doing some right it's true he does call most people disgusting
00:09:56
and C disgusting cruel pedo when he calls you a pedo that's that's when you know he loves you you know that's yeah
00:10:01
we're headed that way I don't know but you you pointed it out and I look let's just get to the source here it's just so clear the guy wants to [ __ ] me I mean that's what I said the sexual tension is
00:10:13
pal get palpable I get it and he's Rich so there is a shot here there is a shot here he is very rich I could I could maybe go there like three Mescal margaritas and 10 migam then I have to
00:10:26
ask at this point Cara I'm I have an open mind had this I played this game with someone I'm not going to tell you I
00:10:31
didn't I couldn't answer it but you know [ __ ] Mary Kell [ __ ] Mary Kell okay I'm going to do this you're going to answer it right now okay musk Bezos Zuckerberg
00:10:41
go yes which which one go ahead uh we might have played this before but I'd like to play oh I would definitely marry uh Bezos because I'd
00:10:53
like to roam around in a thong on one of his Yachts I think that I think that would be a good look for me
00:10:59
I'd be willing to embarrass myself they go to the best parties I love the fashion oh my God the fashion I get to
00:11:05
wear I'm so down for a lot of cosmetic surgery oh oh my God I just decided I'm coming back as Lauren Sanchez in my next Mrs Bezos excellent okay that's it okay not kill that we won't use the word kill
00:11:17
because it's not nice okay because we're not cruel and disgusting or whatever uh not exists or something that's Mary so
00:11:26
[ __ ] yeah [ __ ] oh God I want I want Zuck to put on one of those jiujitsu outfits
00:11:32
and start manhandling me a little bit oo and then a few a few things go go the wrong place oh yeah let's get let's get
00:11:42
ready to rumble oh my God and I'm not and I'm not going to say kill because I don't even
00:11:48
think it's funny to joke about violence but I am Lauren Sanchez and I'm having I'm making sweet sweet love to the Zuck in that chain and that hair
00:11:59
that 70s hair in the mud at Woodstock or something but as always everything goes
00:12:06
back to Elon who has continued to plague us but he's now plaguing Sam Alman a feud with this with the uh CEO of open a
00:12:14
took took a new turn today when a Consortium of investors led by Elon is offering $97 billion to buy the
00:12:21
nonprofit that controls open AI the bid was submitted on Monday according to the Wall Street Journal it's and in a quote
00:12:28
Elon said El musk said it's time for open a to return to open source safety Focus Force for good it once was um
00:12:35
obviously for people who don't know Elon and Sam and others created open AI together as a nonprofit to battle um and
00:12:43
I did an interview with them at the time about this both of them um to battle the bigger companies and the the priv the
00:12:49
privatization of AI and so it was going to be a nonprofit that was going to focus on safety at the time Elon thought
00:12:55
AI was going to kill all of us he's changed his tune on that obviously over the years um and uh and this is a really
00:13:03
shocking news what do you think Scott what's he up to because he's not busy with other things for goodness sake I
00:13:08
think this is a rich man's version of I'm invading Greenland I I think it's um I think this is a distraction so
00:13:16
first off if I I got to be clear I I got to do more research here but essentially
00:13:23
what they've done accidentally or unintentionally is by starting out as a nonprofit in the pretending that they
00:13:30
would maintain some Fidelity to the nonprofit once they smelled hundreds of billions in potential shareholder value
00:13:36
they accidentally created a two class shareholder company and that is they have essentially um some shareholders
00:13:44
the nonprofit that have a lot of governance rights and the for-profit group um is
00:13:52
raising money at a 300 or $350 billion valuation and musk has found a way to try and create a cudgel or according to him essentially get control of if you will the voting shares
00:14:04
by taking over the nonprofit side of open AI now what this really does is probably force them to pay more and they're in negotiations I think since
00:14:18
the last round on what they're going to pay or what share of the equity than nonprofit gets and the for-profit but be
00:14:25
clear this is based on the false premit the statement that you just read that he's concerned and he wants well look at
00:14:33
his investors WME and baron Capital aren't going to put billions of dollars up to
00:14:39
try and you know to try and protect the world from AI That's not why they make investments they would be as soon as
00:14:46
possible their investors here of this 97 half billion dollar bid would be looking for a return on their Capital that's not
00:14:53
they're not doing this out of the goodness of their hearts I think what this is at the end of the day is I think
00:14:59
think this is an attempt to slow him down I think he sees this as a free call option I I'm going to [ __ ] with a guy
00:15:05
slow him down I want grock or xai to be I don't like this guy I've convinced a bunch of people to come in with me and if for some reason we manage to get control of the voting class shares the
00:15:17
nonprofit then good for me what are your thoughts well I think that you know they've been trying to to to stop this
00:15:23
this move and I believe the lawyer is the same lawyer um that's dealing with this with made this offer um but they've
00:15:29
been trying to mess with the move to to and he's been suing open AI for a wide range of things right and it it boils down to he wanted to take control of it they said no he huffed out and they were
00:15:42
like goodbye and didn't you know didn't chase him in any way and so he had made a sort of bid to take over it at the
00:15:49
time and they thought that they would be he would be irresistible as a lover I guess of this company and it didn't work
00:15:56
and so now he's been just furious ever since as it's become uh more profitable and he has this sort of enity towards uh Sam Alman that's really severe I heard
00:16:06
it myself but at the at the time when they started it it was that was the idea of it but of course it was all for
00:16:12
profits for all these people in the end and so this will mess with their move to it it'll cost them more it'll be
00:16:18
interesting to see um what um what H what Microsoft has to say about this obviously they're still negotiating over their Equity stake in this thing um it was $157 billion is a valuation they're
00:16:32
looking at now which is enormously High um you know when they started as a charity maybe for a moment there but the
00:16:40
minute it got profitable all of them were running for the for-profit subsidiary and that's what and they and
00:16:46
and opena has emails from musk talking about wanting to turn it into a for-profit what if the senen what if his
00:16:52
zenes aren't for profit that's correct they have emails saying it like he's a liar he's a liar about wanting this
00:16:59
particular sentence or fabulous or whatever he he's just doing it for the for performative nature of this um but I
00:17:07
think the question is what it will be valued at and so he's just setting it higher um and and and who has the who
00:17:15
would end up with this this controlling stake in the new open AI now he could have waited to until it did this and
00:17:22
then tried to make a play for it publicly but you're right it's Joe it's Joe Lonsdale from paler area man well
00:17:29
like literally the least charitable people I know right like let's let's just say they're the most capitalist they're probably charitable people but no one's going to put 100 I mean I mean they don't want to do this for the good
00:17:41
of humanity that's alling for Humanity 100% yeah 100% And so you know I think he is he's filed all these legal
00:17:47
complaints saying that they had betrayed their nonprofit Mission at the same time um colluding with Microsoft and this
00:17:55
tobero was the one that tried to get the Attorney General's California to do this and do a fair market value um it's it's
00:18:03
a [ __ ] you Sam kind of thing and I think he was just to come to the present there was this announcement at the White House
00:18:09
that musk tried to [ __ ] all over this $500 billion dollar on AI infrastructure in this joint pet called Stargate um and
00:18:17
uh he tried to um you know he tried to he wasn't in on that and this was something Trump announced the White
00:18:23
House with Sam Alman and um uh Mas oian and so he just doesn't want he wants to block Sam mman at all um at all and to say that they're doing
00:18:36
it for the charity or fully compensated is just the ploy in order to get close to it right um and he said they didn't
00:18:43
have the money he's called Sam Alman a swindler I mean he called us deceitful and mean and cruel but Sam alman's a
00:18:50
swindler um so this is very typical of him and it's largely because Rock just hasn't caught up as much as he's made these efforts to do so um you know I think this this group was
00:19:03
on track to Value this company which we think was too high too um at $157 billion anything else well first off let's let's be fair Sam Alman is not a
00:19:15
swindler the rest of that might be true but the look this is the same emotion as a really angry ex spouse you go through a contentious divorce you
00:19:28
give your half of the house to your spouse and then the moment you leave the house ends up going from a million in
00:19:34
value to a billion so you not only feel you you feel you're so [ __ ] angry that you left you agreed to leave he he gave up all of it I mean it just reeks
00:19:46
of you know burn this Village to save it angry angry ex spouse I'm just so upset
00:19:53
at the bad deal I agreed to he left they have those emails he wanted out he left
00:19:59
wanted to run it he wanted it to become a for-profit yeah and it's he's now a distant distant player in the race and
00:20:06
he's got a bunch of people together who all want to be around the you know the Elon magic and he does create a ton of Sherer value with through chaos through
00:20:14
chaos at a minimum I'll slow I'll slow them down I'll create I'll get in the new cycle again and I'll pretend that
00:20:22
it's something righteous I mean yeah I'd love to see Ari Emanuel the guy from Baron Capital stand up and and tell us why you think AI needs to be a nonprofit
00:20:32
and you're not expecting a return on investment you're willing to do this for the good of humanity very fair actually
00:20:38
let me say I made a mistake this this transition was part of a $6.6 billion funding R in October that valued 157
00:20:45
these new tops 300 now it's 400 $40 billion in a new funding round um soft bank would lead the round and in discussions to invest between 15 and 25 billion this is going to just and this
00:20:58
Stargate thing separately is raising money and Sam's working on a chip also a very manic entrepreneur by the way as is
00:21:05
Elon um and they're trying to raise billions for Stargate um this puts uncertainty into it which is exactly what he's trying to do he's trying to put uncertainty into a deal because they
00:21:17
didn't want him they didn't they they de client his kind offer to own the place right like you know he's like that go ahead sorry I think what's going to happen here though is I think the two
00:21:31
people that are going to Rally around Alman are going to be arguably the mo one of the more powerful people in Tech here and one of the grown-ups Sachin Nadella and the deep pocket of mashian I
00:21:44
think this is going to thrust Sam further into their Embrace and I think they're going to
00:21:49
Rally around Sam because here's the thing around musk if you're already rich you don't want to put up with this guy you don't want him anywhere do you think such an wants to go to board meetings
00:22:00
with Elon Musk these guys they it will create a distraction but you're going to see I
00:22:06
think Sacha Microsoft and mashian will see this as a an opportunity to to kind of bear hug Alman but Alman in in my view at the end of the day the most
00:22:18
successful people over the long term put themselves in a room full of opportunities because they make a lot of
00:22:24
allies and I have been wrong so far but one of these people has largely been making allies and another one of them
00:22:30
has been making people a lot of money but has been making a lot of enemies mhm that I think that is going to come I I
00:22:37
think that's going to come home to Rooster well we'll see what's interesting it just reminds me you know my favorite movie is the original
00:22:42
Patrick sey Roadhouse do you know that anyway sey was in it and he plays Dalton and you know he's trying to save a town essentially Jake Gyllenhaal made a
00:22:54
terrible version made me want to cry afterwards but there's a guy Ben gazara plays a named Brad Wesley he wants to
00:23:00
own the whole town including this shitty bar right like by the way opena is not a shitty bar and there's questions around
00:23:06
after after deep seek like is it too overvalued all of these companies right but anyway Ben gazara has to own everything including the shitty bar and that's what Elon reminds me of Brad
00:23:18
Wesley didn't end well for Brad Wesley in that movie all I remember is Kelly Lynch Kelly Lynch That's Right Dr
00:23:23
Elizabeth clay I know this whole movie so well so um getting out of the Roadhouse thing it's like
00:23:29
can you aren't you busy ruining the government over here you want to come and [ __ ] with this guy this is the level
00:23:34
of this guy's energy I will say energy and manic nature that he that nobody gets like he just can't stop it's like it's demented at this point this is a
00:23:47
demented effort I I don't know but he's the ultimate vendor dream because he says to these enormous law firms of
00:23:55
incredibly talented smart people and bankers he has unlimited funds and this again goes to the notion that power corrupts and absolute power absolutely corrupts and people just shouldn't have this much money he can say to all of his
00:24:07
bankers and all of his lawyers and the smartest people in the services industry okay I got 10 minutes here's your
00:24:14
directive [ __ ] with Sam Alman come back with a dozen ideas and somebody came back and said well actually the nonprofit has governance rights so we can make a bid for the non the nonprofit
00:24:25
and he says to the banker get on it I don't I I think the directive here was pretty simple [ __ ] with these guys okay
00:24:32
because the best part of this is the relationship between Sam Alman and uh Elon Musk I just want to read the tweet
00:24:38
that Sam Alman had uh in response no thank you but we will buy Twitter for 9.74 billion if you want all right we have to move on and talk about the Super
00:24:49
Bowl the Philadelphia Eagles won the Super Bowl yay I'm from Philly you know I was born there president became the first president to attend the Super Bowl
00:24:55
and had totally normal reaction afterwards posting on true social the only one who had a tougher night than
00:25:01
the Kansas City Chiefs was Taylor Swift who got booed out of the stadium maggot is very unforgiving actually Donald this
00:25:08
was kind of a big like [ __ ] You by uh many people at the at the event the ads were star studded with appearances by Ben Affleck David Beckham Glenn pal and Billy Crystal Brad Pit did a long a big
00:25:21
long ad for the NFL which was a little woke there I mean open I made its Super Bowl debut with a 6214 million spot obviously Kendrick Lamar ruled the [ __ ] school and he just someone said
00:25:34
you know he should get The Nobel hate prize because he did such a beautiful Artful job of saying [ __ ] you to the
00:25:39
Trump Administration uh but I just thought it was beautiful I thought this was amazing and I thought it was Artful
00:25:44
and beautiful um did you what did you think I got none of that so I umum I wasn't going to watch the Super Bowl I mean the idea of I mean it really is the watch it I watch it in pieces but go
00:25:57
ahead go ahead it really there couldn't be anything more American than a bunch of boner pill
00:26:03
ads and opio induced medication ads while we watch young beautiful men get CTE I mean it really is America but
00:26:10
instead of like Roman Coliseum and lions we have Taylor Swift and I promised myself I wasn't going to watch and then my 14-year-old goes dad do you want us to watch Super Bowl and I'm like yeah of course I do I mean so a chance to hang
00:26:23
out you heated up the nachos and got to it okay yeah but it started at 11:30 p.m. so son be clear set the scene for
00:26:28
me what did you eat we we had milk and oatmeal chocolate chip cookies oh right kind of dull I know that was kind of dull isn't it and then but of course it was my 14-year-old didn't want to hang
00:26:40
about his dad and watch football he wanted to stay up till 2: in the morning I thought Kendrick Lamar was incredibly boring really I didn't think it was a
00:26:47
good performance at all but I realized I've kind of aged out of that [ __ ] I don't know but the my favorite though
00:26:54
hands down though there was I mean the ads that occasionally really move you there was this wonderful ad I don't know
00:26:59
if you saw this but it was of a man sitting at the Super Bowl and they had an empty seat next to him and uh someone
00:27:06
leans over and asks him why is it there's an empty seat and he says that he bought two seats for him and his wife
00:27:12
but his wife unfortunately had recently passed and then the guy goes I'm so sorry why why did you not bring someone else from your family and he responds
00:27:22
they're all at the funeral I love that I love that all right moving on Amazon Shares are down 2.5% in the last 5 days after mixed earnings report the company reported
00:27:34
better than expected earnings and revenue but told investors to expect slowing growth ahead based on Amazon's
00:27:40
estimates uh first quarter Revenue growth could be the slowest gross on record for the company on the upside Revenue Rose 10% net income almost
00:27:47
doubled thanks to a cost cutting campaign there's only so much you can cut I guess um he it's set to pass
00:27:52
Walmart and revenue the first time what's up with this Scott this is an area you is it is it is it the effect of
00:27:59
Sheen and TAMU or or what's going on here I don't think so I think investors now consider Amazon as essentially a
00:28:06
cloud company with a retail unit and their Cloud division actually missed estimates by about aund million and even though um even though the growth was 19%
00:28:17
to 29 billion keep in mind that while AWS represents his 15% of Amazon's revenue it's responsible for the majority of its operating profit so as as has AWS go now CEO Andy jasse used to
00:28:31
run let's just keep used to run before and is the reason he's the CEO yeah because essentially as AWS goes so does
00:28:39
Amazon now and so the analysts and shareholders are essentially yeah yeah yeah retail fine fine fine Amazon Prime video yeah whatever what's happening
00:28:49
with AWS I I initially thought that the I've said this in my predictions Che two
00:28:56
or three years ago that Amazon would eventually spend AWS and AWS would be the most valuable company in the world
00:29:02
five or seven years and they didn't another one wrong another one wrong I asked Andy about that during an
00:29:07
interview and he said they absolutely are not going to and I I believed him at the time but you know and I thought they
00:29:12
should have I thought they they never they're absolutely not until they do but anyways I know but I thought they should
00:29:19
have I thought they should have like you did but they essentially Amazon's firing
00:29:24
on all cylinders but the fact that they they say they were capacity constrainted um the Miss was enough to scare
00:29:30
investors though because it's so important in terms of their margin aws's operating profit margin was 37% the rest
00:29:38
of Amazon get this it's just 7% so it it is really that's the tail wagging the dog here Amazon is a cloud company with a retail division yeah so what happens what what does an investor do should
00:29:51
they spin it off it would really be problem you know you know you always talk about [ __ ] Goos versus this is not
00:29:56
a [ __ ] go but it's a version of that right if they take the higher growth one and spin it off is it still too is it
00:30:02
too late to do so would they ever do it look I've advocated for a long time that
00:30:07
if you took Amazon apple and alphabet and Facebook or meta and you turned them into 15 companies you'd end up with an aggregate that within 24 months these 15
00:30:19
companies would be worth much more than the original four that breakup was a bad idea said no one ever breakups are one
00:30:26
of the few things in history where the government intervention always works shareholders win Innovation wins the
00:30:33
reason do you think let me ask you this do you think uh if if Google had been a standalone unit or if if Google Cloud had been a standalone unit or Google AI
00:30:45
had been a standalone unit do you think they would have stopped do you think they would have most likely had an AI
00:30:52
application sooner but they don't they want to they want to make sure they don't [ __ ] with the toll booth known as
00:30:58
search yeah they should so shareholders shareholders win consumers win because it creates more competition you know who
00:31:04
wins really big is the employees because they have more people bidding and trying their time they more Innovative you know
00:31:09
who doesn't want to do that people who love to just keep their little groups together and then also then want to
00:31:14
merge to get bigger the only people the only people that really benefit are the person who wants to sit on the Iron
00:31:20
Throne of all s Seven Realms not just Westeros and unfortunately because of dual class shareholder companies they
00:31:27
usually they usually get to make the decision but if you looked at it from a pure shareholder standpoint I would
00:31:32
argue that you'd want to break them up but in terms of I think Amazon is the kind of company my my biggest Holdings
00:31:38
for the last 10 years have been Amazon and apple and even when Apple gets to 34 times earnings which is in quite frankly kind of crazy town the fact that it's growing 2% a year and it's growing it
00:31:50
has a p multiple of 34 versus its historical average of like 18 or 19 you should probably sell but at the end of
00:31:56
the day these are the kind of companies that you just sort of hold forever um because they just continue so to
00:32:03
innovate do you imagine them breaking it off or not in this environment not in this environment no no no not with the
00:32:10
not with with caner and Conan the the you're going to see these guys are all telling their Bankers to sharpen their pencils and actually go acquire and Gobble up more stuff now was interesting
00:32:20
I interviewed a very conservative uh Economist Orin Cass today among others and he was like I like you you'd be for mergers he's like no I don't think mergers for whatever no thank you like
00:32:33
you know what I mean like because they aren't necessarily the best thing for for economic growth they don't
00:32:38
necessarily promote it it just promotes bigger companies and and and then they fall into the crosshairs of regulators
00:32:44
also and they spent a lot of time doing that um anyway I agree they should have they should break themselves up that you
00:32:49
should always break yourself up well the just to talk about concentration of power my friend Andy con JP Morgan
00:32:54
pointed something out this blew my mind and I not the guy from from the the housewives series that's not your friend
00:33:00
oh no not Anderson's friend no Andy Andy's like the most likable guy in the world he literally is exactly in the
00:33:06
seat he should be and that is he is managing tens of billions of dollars from high netw worth families and he's just the most likable guy in the world
00:33:13
and and also very smart nice man anyways he said something that just blew my mind I of course was like doing my party
00:33:19
trick and throwing out stats and I said that the US Equity market now was 50% of the total value of all equities globally
00:33:26
and he said now it's actually if you in debt corporate debt America represents 70% of of all value globally so if you think about it would you rather own the
00:33:37
world would you rather own America for $70 or if you could own everything but America for 30 which would you pick and
00:33:44
what that says to me is that America is overvalued and not only is America overvalued it's really the whole world
00:33:50
is vulnerable because there are 10 stocks that represent 28 to 33% of the value meaning that somewhere between 1
00:33:56
and six and 1 and 5 globally is dependent upon a small number of companies and if Amazon and other folks
00:34:03
show any slow down AI or Cloud oh my God yeah if there's an AI meltdown these economists noted that you know that's going to be an echo felt around the world watch we're going to have to bail
00:34:15
out the tech Bros at some point anyway um all right we'll see let's go on a quick break and when we come back
00:34:20
Trump's latest tarff speaking of bailing out people and doers latest targets Scott we're back president Trump Trump is touting his latest tariff plan after hitting paws on those Canada and Mexico
00:34:31
tariffs which were such a joke such a ridiculous [ __ ] joke Trump now says he plans to impose 25% tariffs on
00:34:37
Imports of Steel and aluminum will apply to everybody including Canada Mexico reciprocal tariffs on us trading
00:34:43
partners are also reportedly in the mix this week I'll note we're recording on Monday morning do you whether he's going
00:34:48
to follow through on it it's not true having just interviewed three economists none of them think these are a very good
00:34:54
idea one of them thought tariffs sometimes are a good negotiating tactic um and sometimes when they're explicit
00:35:00
in certain areas very uh surgically done they're a good idea this was the conservative one the others thought this
00:35:07
was just attack attacks on people and none of them ever happen right and what a stupid way to um you're trying to one
00:35:14
of them uh Mariana uh uh M Moscato was saying that you have to focus in on production subsidies over tariffs like to help companies to help industries and be very specific about it versus teros
00:35:28
which is just a a blunt instrument that is about the past anyway um talk about these this seems like this is just a more air blowing from this fella that upsets markets world leaders are
00:35:41
learning how to deal with them and that is you mify him by making some token gestures basically Claudia Shin bomb and
00:35:48
Trudeau said all right I tell you what we'll do this and they were already doing it ands fentanyl coming over the
00:35:55
border from can it's so ridiculous like and linking to things that have nothing to do with economics are ridiculous
00:36:01
right but they basically they basically kind of managing him but our presence across the world is a function of Leverage and relationships and if you said to your husband you're really
00:36:13
vulnerable right now whatever you're out of work and I'm going to leave you unless you do the following things and you're really
00:36:18
like he or your partner might be so scared and so upset and so vulnerable they say okay you're bigger than me
00:36:24
you're more important than me I agree but what does that do to the long-term relationship this is just so short so
00:36:30
shortsighted and it's also the the hint or the Insight here I think is the following the adult in the administration here is a 10-year bond in the stock market and the 1% who Trump
00:36:43
listens to corporations and very very wealthy people and what happened here was the following they called them and said this is all cute but you realize
00:36:51
you know XYZ company we're going to lose 20% of our sales overnight and you're probably going to see gas Spike and
00:36:58
you're going to see the tenear bond and he pretends that he has a victory and he walks it back and I think the lesson
00:37:04
here for Democrats is the following I think that we are now at a point where because they control all
00:37:10
three branches of government and we really can't do anything through our institutions in sending Congress people
00:37:17
to wave their cane at the building of the Department of Education that's just not an effective strategy optically is
00:37:22
that an age remark go ahead sorry oh [ __ ] put a third of them on a [ __ ] ice flow I've had it I've had it the
00:37:29
Democrats are all it literally it literally looks bipartisan if you're going to do it looks like a Senior's home where they've canceled water
00:37:35
arobics at this point that's how that's how effective an outrage they Charles Schumer will win oh okay thanks that
00:37:43
feels better Chuck anyways these people are so [ __ ] pathe oh no it's they've switched Jello night to Tuesdays Rise Up
00:37:52
America my God anyways uh this is the this wasn't so I shouldn't laugh but it's funny go ahead this is the strategy yeah fine you want Mutual assured
00:38:05
destruction we are not going to approve an increase in the debt limit and we're going to have a failed treasury auction
00:38:12
and the 90 the 1% who own 90% of the stocks you're going to start getting calls from them you want to go gangster
00:38:18
let's go gangster because the bottom line is when it comes to economics the tariffs you know what Trump did he
00:38:24
blanked he did Canada and Mexico said such nonsense it's not even blinking it's like such a there's a lesson here
00:38:31
this is where we have leverage our Leverage is around the bond market and a failed treasury auction and I recognize
00:38:37
this could set off something really ugly but before it sets it off the people he cares about corporations which have
00:38:43
their lowest tax rate since 1939 and the 1% who have garnered an extraordinary amount of spoils are going to call them
00:38:49
and say you realize the Democrats are going to shut down that you're going to be the first president that has a failed
00:38:54
treasury auction right that is our Leverage enough of this enough of this screaming into Tick Tock and this is
00:39:03
where we have leverage and this is where we should go it's interesting so um speaking of which um elon's Power
00:39:10
continues with Doge warming itself into at least 15 government agencies of course he's going to do this Trump says he's happy about things are going he
00:39:16
sang elon's praises and talked about Do's next Targets in the Super Bowl interview with Fox News is Brett Bear
00:39:22
Let's listen and I've had a great help with Elon Musk who's been terrific bottom you say you trust him trust Elon
00:39:30
oh he's not gaining anything in fact I wonder how he can devote the time to it he's so into it but I told him do that
00:39:36
then I'm going to tell him very soon like maybe in 24 hours to go check the Department of Education he's going to find the same thing then I'm going to go go to the military let's check the
00:39:47
military we're going to find billions hundreds of billions of dollars of Fraud and Abuse this is not new stuff this man
00:39:54
is finding at all um and it's very small in comparing Mo well to be fair the the condoms going to Gaza until we found out
00:40:01
it was condoms going to Gaza mosm Beek for AIDS prevention not yeah I know not they lie about every listen they open their mouths and they lie um the they they're always trying to find like the
00:40:11
the gold toilet seat that's what they're always you know like oh it's a $600 toilet seat that's what they're looking for but the federal judge temporarily
00:40:18
blogged Do's access to the treasury Department payment system over the weekend citing risk of irreparable harm
00:40:23
though it's unclear when or if Doge employees will comply with that order comp we'll talk about compliance we're
00:40:28
going to get into that strategy with the courts after the break but thoughts on the latest Doge moves the Consumer
00:40:34
Finance protection board which has returned money to the treasury by a lot uh temporarily closed its offices and
00:40:40
suspended its services and they're pushing to rapidly develop a custom AI chatbot to analyze government data
00:40:47
according to wired and Doge employeers have also fed sensitive data from the education department into AI software to
00:40:53
probe the agency's programs and spending according to Washington Post this has all been done before it's just very
00:40:59
performative um I think it's just to gain access to the data and who knows what I mean you don't necessarily have
00:41:05
to assume they're nefarious but why not why not just go start with nefarious and work your way down from there um your
00:41:12
thoughts I think it's war and I think that unfortunately we're on the wrong side of it we thought we built these
00:41:17
impenetrable institutions these Mao lines and they just dropped the Nazis just dropped paratroopers behind this
00:41:24
impenetrable border called the magino line and I think we're on the Democrats the paner tanks have rolled in and we're
00:41:30
trying to fight them on Horseback we shouldn't be talking about what's outrageous about this or what's wrong about it we should be saying the
00:41:36
following if a group of talented Engineers can come in and cut off payments to Veterans cut off payments to
00:41:43
children in low-income areas then once we're in power I wonder if we could find some really intelligent young people to cut off payments to starlink overnight overnight we think we think by the way
00:41:55
we're wondering if space is sovereign territory and that you're trespassing and we should take control of your 51
00:42:01
satellites and we have some really talented people uh from Google and from different tech companies that we think
00:42:07
could go in and shut down starlink and start asking questions the next day and find it and let's find out if it maybe it's not legal let's find out so instead of like screaming into [ __ ] Tik Tok
00:42:19
or on MSNBC you if you can do this well we're going to come up with some creative
00:42:25
ideas about maybe we could do the same thing right unfortunately that's where it leads right it leads to this idea of
00:42:32
now now listen presidents have been trying to expand their power for for a long long time right this is not a new
00:42:39
trend and it's bipartisan by the way um but this is this is sort of what's interesting to me is how performative it
00:42:45
is and then when you call them out on it they're like how dare you call us out but I'm like they're literally going
00:42:51
jazz hands all over the place and and then making these ridiculous statements about cost saving when they're saving
00:42:58
very little it's not strategic it's not legal they're not doing it with Congress and I understand the need to a little
00:43:04
shock and awe in that regard I'm not against that I do think the way they're doing it is just so deleterious to what
00:43:12
they're trying to accomplish which is you know they put a tiny little bit we want to say make the government more
00:43:17
more efficient no [ __ ] Sherlock so do the rest of us right we want to make the government more efficient but to to like
00:43:24
to do it in this way is purposely creating havoc and purposely against what you're supposed to do to actually save money and they're going to find very little savings by doing this the
00:43:35
fact that he mentioned military was my I was like oh dear you're going to go over that over on that rail because there the
00:43:41
only thing you know I was just interviewing these economists today and Paul kman correctly said the United
00:43:46
States is an insurance company with a military um because most of the spending is Medicare Medicaid um and things like
00:43:54
that or the military so if you're going for the Medicare Med where the real money is good [ __ ] luck on that one and if you notice they're not so the fact that he mentioned military was
00:44:06
really interesting to me and again probably full of Fraud and full of problems but not in the in the way that
00:44:12
they're talking about in any way I don't think okay so something I've struggled with my entire career is the difference between um being right and being
00:44:24
effective and I think the majority of the Democratic Party in the majority of media talking about some of the points
00:44:29
you've just referenced I are right I want to move to the effective part of the conversation and and this is how I
00:44:36
think we become effective if you want to hurt Trump or stop him you got to stop musk and if you want to stop musk you
00:44:43
need to go after the surface area of attack and it's one thing it's money it's already happening in Europe right
00:44:50
EV sales EV sales were you know are down no they were up a little bit his were down right no EV sales in Europe are down um 6% but they're down like 20 to
00:45:03
40% across France in different nations in um it was like 69% in Germany or that's they're off they're off dramatically um should you be signing up for T-Mobile right now should veterans
00:45:16
be communicating to their colleagues or institutions or people in areas affected
00:45:21
by this should they be saying T-Mobile I'm not down with you partnering with Elon Musk at starlink should you be
00:45:27
flying United Airlines which just announced a big deal with starlink should you uh and I I I'm just speaking
00:45:34
for a friend here but what if every time you get an Uber every time I get an Uber if it pulls up if it says Tesla Model S
00:45:41
I cancel and I put in the notes I will not write in a Tesla yeah they should have thing like that should be but my
00:45:48
point is I'm dumb being right let's be effective and and this is about going after onethird of musks weth was um not only created by these Democratic
00:46:01
institutions and rule of law which he has no Fidelity to so fine let's take some of it back but trying to talk about how outrageous this is and whether it's illegal or not legal let's go after all
00:46:14
these guys care about they care about power and they care about money let's move from the right part of the program
00:46:20
to the effective part of the program well here's the only problem look its shares were down very low for a while
00:46:26
and the low in the low 200s now they're you know they they peaked right around Trump's election time at 400 and
00:46:34
something and now they're slowly ticking down they're at 358 they're still enormously high right it's
00:46:40
175 PE ratio are you cra like it's crazy um and and the stock is that's the opportunity right the stock is falling but it's not so um you know I think I
00:46:53
definitely think you should focus on musk and how much money he's making out of this and how he's you know if if he
00:46:58
he had spent some money against usaid I don't know who paid for that if it was the American taxpayer it was a lot of
00:47:03
money ill spent attacking USA ID if he spent his own money he can knock himself the [ __ ] out like t- T-Mobile subscribers do you want to work with a guy who's giving Nazi salutes right yeah
00:47:16
yeah it's interesting but what else I don't think this wrong to to stop try to push back
00:47:22
the legal legally I think that's quite smart that's happening yeah that's happening right the only way you get
00:47:28
either of these guys to notice in my view is you go after their money and what about the access to data do I mean
00:47:34
everyone of course thinks you know we're in the middle of a Bond movie where the villains were were um you know they're
00:47:42
winning the whole the whole nine yards of it how do you feel about the data part what but I asked it sincerely what
00:47:49
is what is the concern I I understand that we don't want to hand over our data this individual I've seen some cons I
00:47:56
don't want to call conspir Theory but theories that the the endgame here is to get data to train his AI models but I
00:48:02
don't fully understand why people perceive other than just a pure violation of people's privacy and
00:48:08
getting access to your data and what they could do with that data I mean if there would if he if he if these people
00:48:14
who have access to all of our information truly think we are cruel and deceitful people that's probably not you
00:48:21
know that's not that comforting but what is what is the fear or the concern Beyond just the circumvention of Dem the
00:48:27
Democratic Inon I think it's it's opening it up creating a real um a real danger of in terms of opening it up um let me just let me just read you for
00:48:38
someone who knows I was talking about sisa they were he was making cuts to sisa which is always been in his
00:48:43
crosshairs Trump's crosshairs Elon eliminated the ability to track disinformation on Twitter Zuck
00:48:48
eliminated for meta Stanford cut the S Renee uh project Pam Bondi just eliminated the FBI task force that tracked foreign influence campaigns and now this at sisa all this when
00:48:59
disinformation is now being uh spouted uh spouted to AI speeds it's a gift to uh Putin and she on sis in particular they've been in Trump's Crosshair since 2020 um it's barely getting you know
00:49:13
it's not much there's a cut but still on the anyone's left but what they're saying is um the who can pay to track
00:49:19
disinformation and do legal takeouts were and everyone else the electorate were just [ __ ] and so you know this
00:49:26
was something someone who who's been covering this is that we are very exposed and also allowing the Chinese
00:49:31
and Russians incredible act possible access to sensitive data every single one of these researchers I talk to is
00:49:38
like are you Kidd this is terrifying we just open the gates it we've open the gates so that's the this just feels I I
00:49:46
I think what you know I don't know what the definition the you know if you talk about gladney I think America
00:49:52
unfortunately is paying the price for so much security I don't think they realize how many people um are do not wish us
00:50:00
well around the world and that they're fairly sophisticated and they understand how to use data and how to weaponize it
00:50:07
and and how many people work you know so hard and take huge risks to try and protect us and that a lot of that effort
00:50:16
uh Decades of skill effort you know sacrifice is being just kind of thrown out the window I mean it just goes to
00:50:22
these very Basics the biggest takers and the people most upset and the people want to tear down the government are the
00:50:28
people benefiting the most from these programs I mean the reality is Cara is you're in my life it's not going to
00:50:33
change that much I mean I I think there's I'm concerned about the Russians and the Chinese I think that that
00:50:39
equally affects all of us no matter what economic bracket you're in of them having you know what though I I I get
00:50:45
that but if America's I mean we're now in an economic weight class where we can move to Milan or so I this it just
00:50:52
doesn't make it just so incredible that the people who seem to be most it's like they're burning their own house down
00:50:59
look at the regions that wear so deep red they're the ones that that that benefit the most from these
00:51:04
programs so my attitude is okay you want your Medicaid you don't you want you don't want your insulin you don't want
00:51:12
your kid you don't want a school in your you know in that rural Town mandated by the federal government you don't want
00:51:19
your uncle in Veteran Affairs I mean fine okay here's the country you wanted I I agree with you but at the same time I do think this stuff out in the wild it's like someone just opened
00:51:31
all the nuclear things and just like we need to clean up this nuclear stuff and just open them I just think puts us it
00:51:38
literally puts us in a bond villain movie situation I think all right uh let's go on a quick break more on Elon
00:51:44
and Trump's strategy to Target courts not just Elon also JD Vance Scott we're back as Donald Trump and others continue
00:51:51
to push their agenda the only standing in their way appears to be the courts for now federal judges have halted parts of Trump's executive order Blitz
00:51:58
including uh the federal spending freeze worker buyouts and doa's access to the payment system as we mentioned earlier
00:52:04
but uh everyone's they're attacking the Judiciary um first musk uh called for the impeachment of a judge who ruled against do she's also proposing that the worst 1% of appointed judges be fired
00:52:16
every year sorry Eileen Cannon you're going um what do you this undermined the strategy was was especially by JD Vance he he put one out that got enormous
00:52:28
attention um and I think it's a coordinated effort he posted over the weekend that judges aren't allowed to control the executives legitimate power
00:52:35
which of course everyone was like did you go to yell law school because it doesn't sound like yeah um Trump
00:52:40
Administration lawyers also file a motion saying Doge ruling impinges uh on the president's absolute powers of the
00:52:46
executive branch which of course they're going to do but they're moved to the uh undermine the Judiciary portion of the
00:52:53
show I think um and the cases will likely get appealed some will go to the Supreme Court um we'll see where that
00:53:00
goes but remember after the immunity decision last year Justice s wrote the president is now King Above the Law so
00:53:07
um and even if the courts do rule against Trump I'm going to give you the whole package enforcement will be up to
00:53:12
the doj which he controls the doj through the US Marshall service controls that so a lot of my um uh legal people
00:53:21
say there's no enforcement mechanism for any of this stuff and if he resists it's he can just resist resist he can resist
00:53:28
illegally too um so and and it takes a while for things to to shake out in that regard because Judiciary does not have enforcement Powers I think it's Ruth
00:53:38
Ruth benat is that her name Ben uh she summarize it I think it was her if it was another historian I'm sure I'll hear about it but she said most democracies are in you know are driven
00:53:50
institutionally that at the end of the day the courts Rule and then kind of the Slow Burn to fascism or a dictatorship
00:53:58
is you move to a paternalistic model and that's the right term it's it's this F where you decide this guy knows better
00:54:04
than everybody else and I we kind of you get the government you deserve and that
00:54:09
is this guy was was freely and fairly elected by a country that decided it's okay to be a convicted felon and so he now believes and he has the incentive
00:54:21
structure and the results to show it that he can be elected president despite being a convicted felon so why on Earth
00:54:28
would he not believe and others who support him not believe that he's Above the Law that's America basically said
00:54:34
okay he's Above the Law and he gets to make these decisions now the Supreme Court said that but go ahead well but
00:54:41
but yeah H H haven't we given him all these green lights and say yeah just break the law just it's okay just move
00:54:49
move it don't go around institutions don't you know the law no longer applies to you we're moving to this paternalist
00:54:57
government structure that is kind of you know more more tightly associated with dictatorships and democracies yeah I think it's problematic I think the issue that they don't have enforcement if if a
00:55:10
group of people is willing to break laws and then break rulings against their activities there is nowhere to go right and then if I mean the Poli to go is people protest right that's the next
00:55:23
step and of course you could declare martial law which is you know what I mean if we protest even slightly maybe
00:55:29
he'll say it's martial law so it really does it really does you know put it into Stark relief how fragile our systems are
00:55:37
in ways that I think we don't think about I let me just read something someone who Who I Really respect wrote
00:55:43
me who's pretty well done this is an impending constitutional crisis courts and Congress become subordinate to the executive branch and then our system crumbles at its foundation we are nearing that moment if not there already
00:55:55
our system is far more fragile than most people appreciate it depends on people in power respecting the Constitutional framework at bottom it's an honor System
00:56:02
most people in power get to the get this at a gut level and will not touch the third rail but here we are in Uncharted
00:56:08
Territory never have we seen this happen at such a scale in depth and I said oh well that's happy and and he said it's
00:56:14
going to get worse before it gets better and I said what do better look like and and he responded they're going to break
00:56:20
too many things markets will eventually crash and people will lose basic Services the problem is it will take time for the public to really feel it he
00:56:27
he brought it back to the market itself too is when the market goes that's when they stop right and that's you know
00:56:33
that's there's a lot of damage in the interim this guy's not a trust me he's not a like hyp hyperbolic person in any
00:56:40
way and he's usually like ah whatever for a lot of Donald Trump's things but in this case concerned especially when
00:56:47
it has to lead to Market meltdown essentially or violence presumably makes sense I I mean I'm so sort of overwhelmed in having uh I mean I'm just
00:56:57
I I'm having a difficult time processing every sort of Destruction our institutions and what felt like what
00:57:05
feels like everything the pillars of what we thought we could rely on and sort of default to that that judges
00:57:10
matter the laws matter that institutions matter that there's a level of mutual respect that you don't hack the
00:57:18
government and stop payments to people in need and I it definitely feels like the Opera we've pressed the reset button and we're not entirely sure what's going to happen when it reboots back up right
00:57:30
right that's a really good way to put it it is sort of you know for people who don't understand it is this Silicon Valley ethos of do we really need judges
00:57:38
do we really they question everything and in some cases that is a great thing in other cases it's deeply dangerous
00:57:45
right the idea of things that probably we not we shouldn't be questioning but maybe we could do it better they don't
00:57:50
ever want to do it better they just want to wreck it and then clean it up afterwards and that's a a very musk
00:57:57
likee characteristic it's not just him it's a lot of Silicon Valley um and so it's that thinking that like what could go wrong is it so bad if we break it and I think you have to really understand
00:58:09
their personality and when it will matter was when for at least Trump from my from what you just noted will be when
00:58:15
the economy tanks when the market tanks when there's when rich people get get made discomforted by this right versus
00:58:22
just the moral argument that you should make that this this system has worked for for centuries and pretty well even
00:58:29
if it has all kinds of hair on it right that this this is actually we've never had a stronger economy we've never been
00:58:35
more productive uh we've never been more everything and yet here we are starting
00:58:41
to take apart the pieces that actually quietly hold it together yeah but there's I agree with you and that was my
00:58:48
narrative kind of coming in you know when I was told to understand the assignment and support Biden and Harris which I I agreed to and signed up for
00:58:55
for a lot reasons but what what a lot of America has said is the The Narrative that that you throw a bunch of numbers at me about the market and our prosperity and all I know is there's
00:59:08
this all reverse engineers in my opinion to income inequality and people being reminded every day that they're seem to
00:59:14
be the only people that aren't succeeding and that no one you know that they're left behind that their kids they
00:59:20
can't afford them 40% of Americans now have some form of medical or dental debt I think I think there needs to be new
00:59:26
crop of leadership that comes out with really dramatic bolts so I'd like to you know let's lower Medicaid two years
00:59:33
every year for the next 25 years until we have nationalized medicines there there just needs to be some really big
00:59:39
bold ideas from the left as opposed to burn everything down and these discussions I don't even want to
00:59:44
entertain these discussions with the right right now because as far as I'm concerned no I I I'm not going to engage
00:59:50
in a conversation with you you you're you're you're trying to F met an illegitimate form around this discussion
00:59:57
you have in my opinion you're trespassing and you're illegally hacking our government systems without
01:00:02
government oversight and I'm I I just don't think we should even you know sure talk about how outrageous is but I'm not talking about how outrageous is is I'm it's an explanation of what their mentality is and I think these people do
01:00:15
not care about disruption and or the effect and I think Downstream away from all of this huffing and puffing by
01:00:21
everybody and it's very serious stuff Scott it really is is is this is going to affect this has nothing to do with
01:00:28
the price of [ __ ] eggs right any of this and it's and attacking the court system which is people who run
01:00:35
businesses like laws laws are good laws is good if everyone you know runs stop signs and runs red lights and decides to murder people this is not good for the economy this is not good for stability
01:00:47
and so what what's interesting is this like thoughtless idea of of breaking without thinking of the implications of it and I'm not exercised about it I'm sort of like this is the stupidest thing
01:01:00
I've ever seen like are you crazy this works pretty [ __ ] well and so to me it all does boil down to people who like disruption and don't mind breaking and because they're in a position to be fine
01:01:12
with it and maybe they'll benefit in the New Order and regular people who are going to see enormous economic stress
01:01:19
from all of this if if they keep going at the rate they're going I mean basically that if the rule of law feels
01:01:25
at risk if judges feel nervous if if if when you call the US Marshall service then they decide not to come because Pam Bondi is a is a suck up that's a problem
01:01:36
that's a real people don't believe in the law really pretty much I don't well when I moved to London within kind of
01:01:43
six months I just gained a new appreciation for America in terms of the viscosity the risk
01:01:50
aggressiveness in general people start from a position of yes they're optimistic 's just a [ __ ] ton of
01:01:57
opportunity our universities are just incredible our entrepreneurs are incredible I generally think that in the
01:02:02
wild in America people are a generous really decent people I'm so impressed with our I mean know it sounds weird I miss my students I miss the the service
01:02:13
uh we used to have this wonderful program that like a GI Bill all these incredibly talented young people who went to work in government America
01:02:21
Works America works less bad than any other nation in the world and I think a a lot of citizens in the United States
01:02:27
are about to find out the government isn't as bad as they think and they're really going to miss it when it gets
01:02:32
shut down when they stop you know the FAA does an amazing job your Veterans Affairs Department sure there's a lot of waste but the reason why one of the reasons we are you know respected around
01:02:45
the world and get the best treaties and have 700 military bases is because we have all these people who are willing to sign up and put themselves In Harm's Way
01:02:51
and then when they come back we attempt to reasonably honor them and take care of them it just
01:02:56
people are about to find out just how well actually American government does work and if you have to move to London or if you have to have your benefits taken away and find out what happens
01:03:09
when these institutions collapse okay so be it I hope the collateral damage isn't as enormous as it likely will be but I
01:03:17
just feel like we're dealing with a series that Americans have become everybody has a tendency to say Americans I think they're [ __ ]
01:03:23
spoiled children at this point I don't think they realize how fortunate they are at the larges and inefficiency of
01:03:30
government all right Scott just remember you're mean cruel and deceitful um right one more quick break we'll be back for
01:03:36
wins and fails okay Scott let's hear some wins and fails uh would you like to go first or would you like me to go
01:03:42
first you go first um I I'm I'm going to do two wins today one is I got to say W's coverage of all things Elon and do has become essential reading uh scoop after scoop CRA well they've got a new
01:03:54
editor Katie Drummond who um uh they call the digital Thorn and Elon mus side is is wired but I got to say the final
01:04:01
this is you know wired has gone in and out of relevance over the many years but um I got to say this is just great
01:04:08
reporting and their their their subscriptions are up Amanda came home she goes I just got ation to wired like
01:04:14
you know it's just uh it's a doing a great job on basic news and it's been very fair it hasn't been snarky it hasn't been it's just been here's who they are this is what they're doing
01:04:25
here's what's happening happening I have to say it's essential reading and I have to I I give them uh great credit for
01:04:30
that and I like to call out institutions that have really um just really improved
01:04:36
our lives and they're doing a great job they're doing a great job and doing it with real like steadiness which is
01:04:42
really hard to do my other win I hate to say this but the penny thing that Trump
01:04:47
is wants to end the production of pennies I hate pennies so I'm happy with that I wanted to say one positive thing about Trump Administration I don't know if it'll happen but lots of countries
01:04:59
are eliminating pennies just so you know all course all sorts of companies Canada face out the penny in
01:05:05
2012 um so it just costs a lot of money it's I know I used to collect pennies as a kid and wrap them and [ __ ] like that
01:05:13
but I don't I don't like a penny I don't like a penny that's my old thing okay I'm moving on there you go uh I have two
01:05:22
wins I don't know what platform it's on but I'm fascinated with this woman she's historian in staff writer at the
01:05:27
Atlantic named Anne applebomb yeah I love her she was just on the podcast yeah and I've just I'm learning a lot
01:05:32
from her and I I think she has a very measured and thoughtful way of looking at history and relating it to what's
01:05:38
going on now so I would recommend everyone tune in or do a search ran Opa bomb on on um what's it called that meta
01:05:46
platform Instagram and then I'm going to have another win because I'm I'm I'm too freaked out to have too many fails I've
01:05:52
been watching the Penguin and it's it's actually just okay it's not what you expect it's good it's not great but uh
01:05:59
Colin frell is that his name is it Colin frell he's I mean my goded Jesus he'll I think he'll win a lot because you know what they like they want you to play someone who's mentally
01:06:11
disabled or overweight or you know they want you to transform into someone else to win the Academy Award supposedly it
01:06:17
took four hours every time but he is I mean it's just fascinating to kind of watch him and how good he is uh it's
01:06:25
really amazing pardon seems dirty to me like I feel like H Gotham City like I don't
01:06:32
want any more Gotham [ __ ] City I feel like I live in Gotham City now what tell me is it good you said it's only okay I
01:06:38
think it's good not great I I think his perform I mean it's hard to it's hard not to take your eyes off his
01:06:44
performance so that I think it's just I think his performance is just incredible um I
01:06:50
think occasionally you know Walter White and Breaking Bad I forget the actor's name um you know occasionally there's a performance Guy Brian cranon but this is that kind of role and it's just just as
01:07:04
an unwind just to appreciate this guy's craft and he's you know he's so handsome and he's so I've never thought of him I
01:07:11
I do think you know we were talking about Brad Pit I think really exceptionally good-looking people don't get the credit they deserve as
01:07:18
actors and but he's really and you know what he did he had to he had to do four hours of
01:07:25
makeup to make make him really really ugly to for you to realize what a good actor he is but anyways my wins are Ann
01:07:31
applebomb and the penguin with um Colin frell he was in a remake of the of the one set on Mars that Arnold Schwarzenegger was in Total Recall remember that oh really yeah I'm sorry I
01:07:43
like the Schwarzenegger version much better but um yeah he's spend on a ton of stuff he's a he's a very he's a very
01:07:49
talented um person in general and a handsome man have you seen the one with Nicole Kidman or she's banging I can't
01:07:56
do it I can't do it I don't want to watch her of an orgasm I'm sorry really yeah yeah yeah I think you're being
01:08:03
agist I don't think so I just she was the young hot Nicole kid I literally have no [ __ ] interest in it I have no
01:08:10
interest in I don't want to see it don't want to see her having an orgasm several times I'm sorry what did you think of the commercial with When Harry Met Sally
01:08:17
when they redid did you see that they redid the I didn't see the commercial I have to watch it I I don't like when they redo things like that don't watch
01:08:22
it it's depressing cuz you realize how old you are cuz they look they look like Democratic Congress people storming the
01:08:28
Department of Education it's like oh God the only thing I liked was the T the new
01:08:33
Mission Impossible is coming and I can't wait the Reckoning whatever dead reckoning by the way we want to hear
01:08:39
from you send us your questions about business Tech or whatever on your mind go to nymag.com Pivot to submit a
01:08:44
question for the show or call 85551 pivot but speaking of movies elsewhere in the Cara and Scott Universe I talked
01:08:50
to Cynthia arivo on on who is the great uh she's in Wicked but she's also been in the color purple on Broadway she's she's all over the place she was in Harriet uh This Woman's like she's if
01:09:02
she wins an Oscar she's she gets an egot um and I think she's uh great so I interviewed her let's listen I think
01:09:09
part of doing this tour is to make sure that everybody understands that it's not just a chick film it's not just for
01:09:16
little girls it's not just for kids that it's actually for everyone there is something for everyone in it and that
01:09:23
just because there are two women protagonists that doesn't automatically mean that no men can
01:09:31
understand what's going on we don't say that of films that are mainly male and most films are mainly male I mean we have the Irish man which was quite frankly all men but nobody is saying
01:09:44
this is a dude film no we go and we watch it because it's a good film we go and we watch good cinema that's aimed at
01:09:50
you Scott I want to see Wicked it's supposed to be fantastic I want to see it and she's supposed to be an immense
01:09:56
talent I like AR good cinema she also talked a lot about being queer a whole bunch of stuff it was really actually a
01:10:02
really good interview and I needed a pallet cleanser Scott I needed a pilot cleanser cuz then I you you deserve it I
01:10:07
dove from I went from an Apple bomb and now I'm back into it with a legal economic one so I needed I need I'm
01:10:13
going to bring you back I'm G to make you watch Nicole Kidman have orgasm no we're not I would never watch that with you that would be so awkward oh my God I
01:10:21
can't go to a sex movie with you I just that just flashed through my brain well that that wasn't that wasn't on my bingo card either so no I'm serious I'm
01:10:29
serious we can't because I had a discussion with my with Louis the other day when we went to see sausage party
01:10:34
hear this I took him as a teenager to sausage party we were laughing our asses off because it was like awkward parent I
01:10:40
took him to sausage party which was a cartoon I thought it would just be funny and it turned out to be sausage I mean
01:10:46
food having a lot of sex that was gross and he looked at me while we were watching it and he and he
01:10:52
goes he goes this is awkward and I go I'm the worst parent ever shall we leave he goes no and I had to stay there and watch this horrible food orgy with my son at the time it was terrible I can't
01:11:04
watch Nicole kid move that we're going to go to we're going to go to a mission imp we're going go see
01:11:09
Wicked you should go see Wicked with me let's do that okay let do that okay let's do that okay Scott that's the show
01:11:15
we'll be back on Friday with more pivot we have a face for radio but here we are because we're cruel and dece
01:11:23
[Music]