00:00:00
The Republicans are committing unnatural
00:00:02
acts. They really are. It looks like a
00:00:05
weird sex position. The way they have
00:00:07
drawn these things and it's grotesque.
00:00:15
Hi everyone. This is Pivot from New York
00:00:17
Magazine and the Vox Media Podcast
00:00:19
Network. I'm Carara Swisser
00:00:21
>> and I'm Scott Galloway.
00:00:22
>> So I I didn't hear from you yesterday on
00:00:24
Mother's Day, but that's okay. I know
00:00:25
I'm teasing. Please.
00:00:28
>> Yeah. I can't even imagine the royal
00:00:31
ascot wedding coronation jubilee that is
00:00:34
Mother's Day at your house.
00:00:37
>> Seriously, you got three mothers.
00:00:38
>> You got
00:00:40
mother
00:00:40
>> three mothers, an ax, a ceramic mug
00:00:43
business, and somebody definitely crying
00:00:45
in a Subaru. It's got to be
00:00:46
>> That's Lou.
00:00:47
>> It's got to be
00:00:50
There's a lot lot of
00:00:51
>> a lot of mothers. Yeah. No, I have to
00:00:53
say. And and also my mother, too.
00:00:55
>> Well, I'm glad you had a nice Happy
00:00:56
Mother's Day, Cara. What did you do for
00:00:58
your lovely wife?
00:00:59
>> Uh, not a lot. All I do is remind the
00:01:02
boys to call her.
00:01:03
>> Oh, wow.
00:01:04
>> That's what I do. I I I basically a lot
00:01:06
of angry texts of something along the
00:01:08
lines of, "Have you called the person
00:01:10
that gave you life?"
00:01:11
>> Oh, nice.
00:01:12
>> That kind of thing.
00:01:13
>> Anyway, we should get to the news. Um,
00:01:15
this is a really interesting story. I I
00:01:17
thought and I was paying attention was a
00:01:19
way. The FCC's lone Democratic
00:01:21
commissioner is accusing the Trump
00:01:22
administration of waging a quote
00:01:23
sustained coordinated campaign of
00:01:25
censorship and control against ABC. In a
00:01:28
letter to Disney CEO Josh Dearo, Anna
00:01:30
Gomez said the FCC under Brendan Brand
00:01:32
Carr has been weaponized to pressure a
00:01:34
free and independent press and all media
00:01:37
into submission. The letter comes after
00:01:39
ABC accused the FCC of attempting to
00:01:41
chill free speech, which it did in a
00:01:43
petition filed last week. That filing is
00:01:45
tied to the FCC's probe into whether the
00:01:47
view violated equal time rules when
00:01:49
tennis Texas Senate candidate James
00:01:51
Telerico went on the show earlier this
00:01:53
year. ABC argues the view got an FCC exe
00:01:56
exemption in 2002 as a a bonafiti news
00:01:59
interview program which it is and that
00:02:01
ruling remains in effect today. And you
00:02:04
know, as usual, Brenda has said so many
00:02:06
things publicly that are really damning
00:02:08
in terms of when it when they come to
00:02:09
court. You know, as being such a suckup
00:02:11
to the Trump administration and not an
00:02:13
independent person he's supposed to be.
00:02:14
He can have his opinions about things,
00:02:16
but he has made become more sensorious
00:02:19
than all the left he accuses them of and
00:02:21
is making all manner of business
00:02:23
threats. It's interesting that Disney
00:02:24
and ABC is pushing back rather hard
00:02:27
under this new CEO. something probably I
00:02:30
I suspect uh Iger wanted to do but felt
00:02:32
he couldn't at the time but uh any
00:02:35
thoughts on this?
00:02:35
>> Well, yeah, they they're learning that
00:02:38
>> you said this you sort of predict
00:02:40
there's going to be a lot of standing up
00:02:41
and
00:02:42
>> well they're learning that they have
00:02:44
figured out that sucking Ron Ronda
00:02:47
Santis and Donald Trump's [ __ ] has not
00:02:49
paid off for them. Remember the economic
00:02:51
warfare that DSantis was trying to levy
00:02:53
levy for political reasons and it it
00:02:55
doesn't pay it doesn't pay to appease
00:02:58
these guys.
00:02:59
>> They did push back on Dantis if you
00:03:00
recall. Remember they sort of played
00:03:02
games with him for a while.
00:03:04
>> Sort of.
00:03:05
>> Yeah, they did. They did.
00:03:06
>> Well,
00:03:07
>> with Trump they did not. That is
00:03:09
correct.
00:03:10
>> And now go to the legal veracity. This
00:03:12
isn't this isn't legal ambiguity. This
00:03:14
is a government harassment campaign with
00:03:16
an FCC seal on it. Um,
00:03:20
saying that saying that the equal time
00:03:23
probe or that the view violates equal
00:03:27
time that basically essentially means
00:03:29
Fox and Friends have been violating
00:03:31
equal time for 25 consecutive years.
00:03:33
This is just ridiculous.
00:03:34
>> Exactly. Exactly.
00:03:35
>> And then the lone Democrat uh on the FCC
00:03:38
is a woman named Anna Gomez who
00:03:40
essentially is yelling into a void while
00:03:43
the institution continues to be
00:03:45
>> weaponized against the press. It's not I
00:03:47
mean Commissioner Gomez basically can't
00:03:50
even descent. It's more like a hostage
00:03:51
note when she writes her letters of
00:03:53
disscent. So this is nothing but again
00:03:56
more weaponization of media or
00:03:58
weaponization of our government agencies
00:04:00
to try and squaltch free speech. It's
00:04:01
just insane
00:04:03
when they talk about I mean all this
00:04:05
[ __ ] that supposedly Democrats call
00:04:07
for violence and the language they use.
00:04:09
ridiculous and Brenda is just making it
00:04:12
worse by giving these stupid speeches
00:04:14
with his smug little, you know, [ __ ]
00:04:16
eatating grin that he always has on his
00:04:18
face. And again, Brenda, I'm following
00:04:19
you everywhere you go after you leave
00:04:21
office and I will make sure people
00:04:23
understand what you did constantly.
00:04:26
Constantly. Anyway, sorry. Go ahead.
00:04:29
>> This is and I hate to say this and it
00:04:31
goes into our next story. Do you want to
00:04:32
talk about gerrymandering?
00:04:33
>> Yeah, we will. Yeah, I can read. I mean,
00:04:35
for people don't know, obviously this
00:04:37
got big press. As redistricting wars
00:04:39
ramp up ahead of the midterms, Democrats
00:04:41
are facing some major setbacks. The
00:04:43
Virginia Supreme Court just struck down
00:04:44
a voter approved map that could have
00:04:46
netted the Democrats up to four House
00:04:47
seats. It's not over yet, and we'll see.
00:04:49
It's going to go to the Supreme Court.
00:04:50
Um, but the Supreme Court, of course,
00:04:52
did its business by weaking the Voter
00:04:53
Rights Act in recent ruling, setting off
00:04:55
redistricting pushes in several southern
00:04:57
states. Republicans could now have
00:04:59
around 15 new winnable districts, but
00:05:01
Trump's approval ratings are still a
00:05:03
massive hurdle. As one Democratic
00:05:05
strategist put it, Trump has the power
00:05:06
to rig the maps, but he doesn't have the
00:05:08
power to get his approval rating higher.
00:05:10
It could slap back at them. Um, it's
00:05:12
really interesting. One of the longshot
00:05:14
options reportedly tossed around in
00:05:15
Virginia, lower the mandatory retirement
00:05:17
age for the state supreme court and
00:05:18
replace the entire bench. Uh I think uh
00:05:21
there's a bunch of things they may have
00:05:23
to do, but what's a real shame is that
00:05:25
now the Democrats are going to have to
00:05:27
jerrymander their states, which is not
00:05:29
good for any this none of this is any
00:05:31
good to be breaking this precedent of 10
00:05:33
years following the census to do this
00:05:36
what is essentially stealing. Just when
00:05:39
you look at the map in Tennessee, it's
00:05:41
insane. Like there's like people are 210
00:05:44
miles away from from other voters, which
00:05:46
is crazy. It's a crazy It's a crazy map
00:05:49
and it's all done to retain power. Um,
00:05:52
which I think they won't actually doing
00:05:54
this. I think people are offended by
00:05:55
having their votes stolen from them.
00:05:57
>> Well, Democrats, and I agree with this,
00:06:01
wanted to fight fire with fire or
00:06:02
gerrymandering or gerrymandering. And
00:06:05
they lost both the map and you could
00:06:07
argue the moral high ground, although I
00:06:08
think it was the right move. Uh, and you
00:06:10
can't argue with the fact the other side
00:06:11
is destroying democracy.
00:06:13
Um, I mean, Tennessee is the template,
00:06:15
right? There's two Democratic Congress
00:06:17
people in 2020, Nashville and Memphis.
00:06:20
Republicans redistricted Nashville in
00:06:23
2022, and now it's Memphis. The playbook
00:06:26
is pretty straightforward here. They
00:06:28
find a Democratic district, and they
00:06:30
redraw the lines until it disappears.
00:06:33
Now, I I actually believe I don't
00:06:35
believe I mean a really interesting
00:06:38
message and the right message for a
00:06:40
candidate, specifically a presidential
00:06:42
candidate, and right now the only one
00:06:43
actually talking about [ __ ] issues is
00:06:45
Rahm Emanuel. They're all just cos
00:06:47
they're all just cosplaying Obama hoping
00:06:49
rhetorical flourish and talking about
00:06:51
breaking bread with Jews and Muslims and
00:06:53
we need to come together.
00:06:54
>> I say Newsome got the job done in
00:06:56
California. He like hit them hard and
00:06:58
won.
00:06:59
>> He fought back and he won. He fought the
00:07:00
law and he won. But uh we need
00:07:03
structural reform. One, a really decent
00:07:06
talking point, an issue for a president,
00:07:08
a presidential candidate would be the
00:07:10
following. Within 90 days, I'm I'm
00:07:13
putting up for a vote in the Congress
00:07:14
and the Senate to de J gerrymander the
00:07:17
entire United States. Six Republicans,
00:07:18
six Democrats. We're going to use
00:07:20
technology. It might be just as much as
00:07:22
putting a grid on top of the United
00:07:24
States map and saying, "Okay, it might
00:07:26
be AI, whatever it is, but we need to
00:07:29
dejerrymander the United States." And
00:07:31
then I think another structural form and
00:07:33
it goes to a larger issue.
00:07:36
A lot of the world's problems right now
00:07:38
can be reverse engineered to old men who
00:07:40
won't [ __ ] leave.
00:07:41
>> Won't [ __ ] leave.
00:07:42
>> It creates fascists who find reasons to
00:07:45
deny democracy. It creates uh public
00:07:49
investment that lacks investment in
00:07:51
young people and children. It creates a
00:07:53
demographic collapse because young
00:07:54
people don't get money because old
00:07:56
people keep voting themselves more and
00:07:57
more money. I see it in academia. Young
00:08:01
academics are leaving the field because
00:08:03
there's no [ __ ] room for them.
00:08:04
Because a guy who was the bomb in 1988
00:08:05
in gap one accounting won't [ __ ]
00:08:07
leave because we give them tenure about
00:08:08
the time they become totally
00:08:09
unproductive. There needs to be a
00:08:12
shedding a healthy shedding of skin. I
00:08:15
have self-imposed term limits on boards.
00:08:18
You need to move on. And one of those
00:08:21
structural reforms should be term limits
00:08:24
and age gating for the most important
00:08:26
people of the long term of the United
00:08:27
States. And that is our Supreme Court.
00:08:29
>> Absolutely. We need
00:08:31
>> or term term limits and age gating both.
00:08:33
Right. Correct.
00:08:34
>> I just said that.
00:08:35
>> Well, at both at the same time or one or
00:08:37
the other.
00:08:38
>> Yeah. For God's sakes, if you're 72,
00:08:40
your prefrontal your brain is shrinking.
00:08:42
Your brain starts shrinking at 45. By
00:08:44
the time you're 72, most people have a
00:08:47
very difficult time with cognitive
00:08:48
function. And I'm sure there's
00:08:49
exceptions that Ruth Bader Ginsburgg was
00:08:52
was very smart at 80. She should have
00:08:54
been forced to retire at 72, as should
00:08:55
the rest of them. You need young
00:08:57
thinking. You need people You need
00:08:59
people who occasionally have a [ __ ]
00:09:00
child in the house so they can re they
00:09:02
can relate to the issues facing facing
00:09:05
young people. I you you don't want to
00:09:06
pack the court because all that means is
00:09:08
when a Republican gets in, they're going
00:09:09
to expand the court from 12 to 30 people
00:09:11
under their watch. You need you need age
00:09:14
gating and you need term limits. But
00:09:16
more than anything, a great talking
00:09:17
point for a Democrat right now would be
00:09:19
I am going to dejerrymander
00:09:22
the US within 90 days. I'm going to put
00:09:24
a vote up and you can find out who is
00:09:26
not up for true democracy here.
00:09:29
>> Right. Absolutely. I mean, one of the
00:09:30
things it just that when you look at
00:09:32
these maps, you know, at some point,
00:09:33
obviously Jerry Men's been around
00:09:35
forever, but these are like they're un
00:09:37
like the Republicans are committing
00:09:39
unnatural acts. They really are. It
00:09:42
looks like a weird sex position the way
00:09:45
they have drawn these things. And it's
00:09:47
grotesque. It's grotesque. And they, you
00:09:49
know what it was? I have to say those
00:09:51
images from uh Tennessee with those fat
00:09:54
white old men laughing at young very
00:09:57
vibrant interesting
00:10:00
>> black legislators
00:10:02
you're nothing more
00:10:03
>> they really did look like the
00:10:04
confederate south
00:10:05
>> they look like the confederate south it
00:10:07
was a version and then laughing you all
00:10:09
by the way y'all are going to die of a
00:10:11
heart attack relatively soon because you
00:10:13
look like you could get out for a walk
00:10:14
or two but one of it just was the
00:10:17
visuals were so like these old racist
00:10:20
[ __ ] And I'm not sure that's And then
00:10:22
at the top of the heap is Trump who
00:10:24
looks like who's cognitively I keep
00:10:27
saying this Scott, we have to, you know,
00:10:29
we did it with Biden. I think we have to
00:10:31
zero in on his cognitive difficulties
00:10:33
that just continue. And today Dr. Oz and
00:10:37
uh the other one Britt Katy Britt were
00:10:39
like talking to him like he was a
00:10:41
toddler, like a toddler when he was
00:10:44
something or the Mr. Pres. It's like you
00:10:46
talk to someone in old folks home.
00:10:48
>> Age gating. No one should be allowed to
00:10:50
run for president. If when elected
00:10:53
they're going to be older than 70 or or
00:10:55
pick a number, have have neurologists
00:10:57
decide. You need a physically and
00:10:59
mentally ridiculously capable person.
00:11:02
But at some point,
00:11:04
>> nei neither Biden nor Trump should be
00:11:06
entrusted with overseeing the six fleet
00:11:09
or NAFTA agreements or trying to stay up
00:11:12
till 4 in the morning to get the votes
00:11:14
they need, whatever it is. Yeah,
00:11:16
>> this is a young person's job.
00:11:18
>> Agreed. You know, I when I said that to
00:11:20
you, I think you were surprised. You
00:11:21
were like when I said I'm leaving at 72.
00:11:23
I have 72 and that's it. That's it. I'm
00:11:26
gone. I'm off to Cambridge.
00:11:27
>> That's the number you fix. 72.
00:11:28
>> Yes. I bought myself a cap in in Norway.
00:11:32
I bought myself a cap. I love it. I'll
00:11:34
send you a picture. Um I Yes, that is
00:11:36
it. 72. And I'm gone. I'm gone. Like,
00:11:39
see you later. Maybe I'll sit and write
00:11:41
historical novels from my cottage in
00:11:43
Cambridge, but I'm gone. like gone.
00:11:46
Gone.
00:11:46
>> I'm pretty sure your third wife's gonna
00:11:48
be Susan Collins. I think you're gonna
00:11:49
be one of those tech people that goes
00:11:50
MAGA on us.
00:11:52
>> No, Susan Collins.
00:11:54
>> And I'm up to you, Mary. By the way, she
00:11:55
has a tremor.
00:11:56
>> If if a man and a woman
00:11:58
>> Mhm.
00:11:59
>> need a marriage license to get married.
00:12:00
What do two women need?
00:12:02
>> To get married?
00:12:03
>> A liquor license.
00:12:05
>> Oh, very funny. Very funny.
00:12:08
>> I don't think that's sexist. See, I
00:12:09
think it's profane and vulgar, but I
00:12:10
don't think it's sexist.
00:12:11
>> Isn't the issue I have any
00:12:12
>> No, it's not that funny.
00:12:13
>> It's not that funny. Anyway, these
00:12:14
redistricting I think the he cannot
00:12:16
fight the polls. The polls are so bad.
00:12:19
Everyone doesn't like him. That's one
00:12:21
thing I did the message I gave to
00:12:22
people. I was like, he is widely he has
00:12:25
his group that like him, but I got to
00:12:27
tell you, you got to watch the cracks in
00:12:29
MAGA and you got to watch the polling,
00:12:31
which is everyone is sick to [ __ ] with
00:12:33
this guy. And he is cognitively
00:12:35
disabled. I'm going to say that in every
00:12:37
single show until uh the 20 past the
00:12:40
2026.
00:12:41
>> That's that's the cold comfort.
00:12:43
>> Mhm. that we as progressives are serving
00:12:45
ourselves up this morning and that is
00:12:46
that Trump can't rig the he can rig rig
00:12:48
the maps but he can't rig his approval
00:12:51
rating
00:12:51
>> infuriate people although
00:12:54
>> that's the hope that basically
00:12:57
>> segregating voting again with taking
00:12:59
away neutering certain parts of the
00:13:02
voters voters rights acts this
00:13:04
ridiculous corrupt gerrymandering that
00:13:06
it'll come back to honibes and my fear
00:13:09
is the following
00:13:10
>> okay tell me because I have a fear
00:13:13
I I I believe that America is still
00:13:15
highly sexist, highly lookist, and opts
00:13:18
for a person who may be wrong more often
00:13:22
than not,
00:13:23
>> strong,
00:13:23
>> but is effective
00:13:25
>> versus people who are right and
00:13:27
ineffective.
00:13:29
>> And this this is the key distinction
00:13:31
between the Democrats and the
00:13:32
Republicans right now
00:13:33
>> is the Republicans are wrong and being
00:13:35
highly effective and Democrats are right
00:13:38
and virtuous and totally [ __ ]
00:13:40
ineffective.
00:13:40
>> I'm not so sure. this whole thing with
00:13:42
the ballrooms and the weird um the thing
00:13:44
with the weird uh title base and etc.
00:13:46
It's just it's getting
00:13:48
>> vote based on a ballroom.
00:13:49
>> No, I know they don't, but it's part of
00:13:51
the whole crazy old man thing. Um, one
00:13:53
thing that I will say I was with a bunch
00:13:55
of cyber experts and the two things they
00:13:56
did point out I think correctly is one
00:13:59
um the uh the Russians are preparing to
00:14:02
attack during the midterms you know in
00:14:04
Trump's favor as they as recent studies
00:14:06
have shown they did obviously against
00:14:08
both Clinton and attack
00:14:11
>> you know online like a lot of online
00:14:14
cyber not just cyber cyber and and
00:14:16
information fuckupery essentially and
00:14:19
then the second thing is I sat next to
00:14:21
one guy who's an American who was
00:14:23
talking about who obsess who's obsessed
00:14:25
with Steve Bannon and he feels they're
00:14:27
going to try to and he Trump has sort of
00:14:30
talked about it a little bit put go to
00:14:32
80 districts that matter and put martial
00:14:35
you know martial law in place or create
00:14:36
all manner of ICE and Proud Boys etc. If
00:14:40
you listen to Steve Bannon, he does talk
00:14:41
about this. And I think this a couple of
00:14:43
the cyber people were paying a lot of
00:14:45
attention to Steve Bannon and uh and
00:14:48
what he's doing. And you know that that
00:14:50
uh sack of that meat sack of rumpled
00:14:53
whatever is is very effective in many
00:14:56
ways. Speaking of effective, although I
00:14:58
can't believe he keeps hanging on
00:14:59
looking the way he does. Anyway, um
00:15:01
let's go on a quick break. When we come
00:15:03
back, a game-changing feature coming to
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Apple's AirPods.
00:15:08
Support for Pivot comes from the Freedom
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reminder, America started a rebellion.
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>> Uh yeah, we fired a king claiming divine
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authority
00:15:17
>> and then wrote a constitution with no
00:15:19
mention of God,
00:15:20
>> which is a big deal.
00:15:21
>> The whole separation of church and state
00:15:23
thing, as you know,
00:15:24
>> and those lines are blurring. You see it
00:15:27
in things like America Praise event on
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May 17th where the government starts
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uniting with religion
00:15:32
>> which typically or historically doesn't
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>> because the first amendment protects all
00:15:55
of us and it protects you. Tax rates may
00:15:58
apply.
00:16:03
>> Scott, we're back with more news. This
00:16:05
is really interesting. Apple's
00:16:06
reportedly reached the late stages of
00:16:08
development for new AirPods that include
00:16:09
tiny cameras designed for AI features.
00:16:11
Who said they were going to put cameras?
00:16:13
You and I have talked about this. The
00:16:15
cameras would help Siri understand
00:16:16
what's around you, so you could ask
00:16:18
questions about objects, landmarks, or
00:16:20
directions in real time. The new AirPods
00:16:22
are expected to look similar to AirPod
00:16:24
uh Pro, but with slightly longer stems
00:16:26
to fit the camera hardware. Uh, this is
00:16:28
astonishing. I think Apple originally
00:16:30
wanted to launch the AI wearable sooner,
00:16:32
but delays in upgraded Siri pushed the
00:16:34
timeline back. Um, you will of course
00:16:37
lose 50 pairs of these, Scott. Um, this
00:16:39
is really 50 100,
00:16:42
>> by the way. This has none no pods in it
00:16:44
because I can't find them.
00:16:46
>> Gosh. Jesus. And there's I I can attest
00:16:49
in New York Scott's New York apartment,
00:16:51
there's so many AirPod cases everywhere
00:16:53
and they're like one AirPod in them.
00:16:56
Some are never been opened. It's really
00:16:58
It's a funny
00:16:58
>> I love those things. I absolutely
00:17:00
>> Yeah. So, talk about this because one of
00:17:02
there's there obviously privacy because
00:17:04
a lot of people have have been pushing
00:17:05
back on the Meta glasses which sell just
00:17:08
okay. They don't they're not like
00:17:09
they're they're popular but not that
00:17:11
popular. Um, so talk a little bit about
00:17:13
this because there is a privacy issue
00:17:15
here like people looking out. At the
00:17:18
same time, it's inevitable you're going
00:17:20
to have these heads up displays in some
00:17:21
way and this is a version of heads-up
00:17:23
display that isn't in your face which I
00:17:25
think is more effective that it's in
00:17:27
your ear of a camera in your ear. I love
00:17:29
your thoughts on this cuz you have big
00:17:31
thoughts on visual like heads up
00:17:33
displays. Well, uh, as much as I hated
00:17:37
mixed reality headsets and the Oculus, I
00:17:40
love this. And it goes back to a very
00:17:42
anthropological thing. What is harder
00:17:45
for people to adapt to when they lose
00:17:46
their vision or they lose their hearing?
00:17:48
>> Vision, I guess, but not
00:17:50
>> hearing. Okay. All right.
00:17:51
>> As a matter of fact, when your hearing
00:17:52
goes, you stop processing words and you
00:17:54
become more,
00:17:56
this is going to sound strange. Well,
00:17:58
it's not strange. People have a much
00:18:00
more difficult time maintaining societal
00:18:03
contact. relevance in relationships when
00:18:05
their hearing starts to go as opposed to
00:18:06
their vision starting to go. Your
00:18:08
hearing the last sense to go when you
00:18:11
die is hearing. You're supposed to when
00:18:13
people pass, you're supposed to keep
00:18:15
telling them that you love them.
00:18:17
Supposedly, that's the literally the
00:18:18
last sense to go. And I think it's the
00:18:21
most underrated um of the senses. We
00:18:24
have overinvested in visuals and
00:18:26
underinvested in hearing. AirPods, if
00:18:28
they were a distinct company, just
00:18:30
AirPods would be a Fortune50 company.
00:18:32
And what is this? What is Apple doing
00:18:34
here? They're turning your ears into
00:18:36
eyes and sending the footage. You know,
00:18:39
unfortunately, they might be sending the
00:18:40
footage to Certino. But the the AI
00:18:43
wearable race is now happening. What's
00:18:47
interesting though is it's not happening
00:18:48
where people thought it was going to
00:18:49
happen. It's happening in their ear
00:18:50
canal. So Meta has Ray-B bands. Apple
00:18:53
has AirPods.
00:18:55
Uh Google probably has some glassing. I
00:18:57
don't know what they're calling it this
00:18:58
week. Yeah, they they originally had uh
00:19:01
contact lenses. They remember they long
00:19:03
time we broke a story about them working
00:19:05
on contact lenses with um visuals in
00:19:08
them. But go ahead.
00:19:09
>> The the problem here or the I think it's
00:19:11
a great idea and I'll buy one. The
00:19:13
problem is the hardware for at Apple the
00:19:16
hardware is always ready before the
00:19:17
software and they wanted to launch this
00:19:20
sooner but Siri has is probably one of
00:19:23
the worst tech products of the last 10
00:19:25
years.
00:19:25
>> It is. It really is. And Apple, I mean,
00:19:27
think about it. Apple has the world's
00:19:29
best supply chain and the world's most
00:19:32
embarrassing AI assistant.
00:19:34
>> It is so bad. I hate Siri.
00:19:36
>> I mean, essentially, AirPods, as they
00:19:38
envision it right now with this with
00:19:40
cameras, is essentially because of a
00:19:43
very weak uh AI assistant overlay. It's
00:19:47
like a Lamborghini chassis waiting for
00:19:49
an engine that works. So, the hardware
00:19:53
will be the best looking hardware, the
00:19:54
best operating hardware. The problem
00:19:56
will be the AI overlay. And I told you
00:20:00
what I believe.
00:20:00
>> They have to get it right. They have
00:20:01
>> I think they're going to [ __ ] can Siri
00:20:03
and license it to someone else for tens
00:20:04
of billions of dollars,
00:20:05
>> right? Yeah. Why not just make it good?
00:20:07
Like I I am constantly Siri, call Scott
00:20:10
or Siri, you know, text Scott or
00:20:12
something like and it never works. It
00:20:14
sometimes works and it just it should
00:20:16
work every single
00:20:18
>> What if it was Gemini? What would what
00:20:19
would Gemini needs to catch up? What
00:20:22
would Gemini pay Tim Cook or the new guy
00:20:24
>> to design something?
00:20:27
>> We're your default AI.
00:20:28
>> Look, Siri, just talk to me even though
00:20:30
I didn't want to. Go away, Siri.
00:20:32
>> Sorry. Go ahead.
00:20:34
>> I think they're in the pole position
00:20:35
here. I think the most elegant move to
00:20:37
massively
00:20:39
uh throw 1020 billion dollars a year to
00:20:41
the bottom line would be to have a bake
00:20:43
off and say one of you is going to be
00:20:45
the Intel inside of Apple and that is
00:20:48
your
00:20:48
>> kind of a big thing to give up though.
00:20:49
But they're not good at it. Just like
00:20:50
with maps, they're just not good at it.
00:20:52
>> Well, search, they give it up in search
00:20:54
and it worked out well for them.
00:20:55
>> Search. Yeah, exactly.
00:20:56
>> I think this is a move.
00:20:56
>> Let me ask you a physical question.
00:20:58
Okay. So, when AirPods, people do not
00:21:00
remember this. When AirPods first came
00:21:01
out, people made fun of the look of it.
00:21:02
You remember every you look like an
00:21:04
alien. You look like you're wearing
00:21:05
earrings for men. And then everyone just
00:21:08
loves them, right? And they fall out of
00:21:10
your ear. There was all manner. Now, if
00:21:11
they're even longer with these like
00:21:13
stems, it could it could look odd. But
00:21:15
it seems to me the best solution is the
00:21:18
in the- ear airpod looking like things.
00:21:21
Not over the ear, not around the neck,
00:21:24
over the head, except, you know, I'm on
00:21:26
an airplane. I wear, you know, a pair of
00:21:28
um really good um noise cancelling
00:21:31
headphones, but that's different. Um so,
00:21:33
you think that's okay. The and the
00:21:35
privacy issues. You don't have an issue
00:21:37
with the people. It can see everybody
00:21:39
and it's recording presumably.
00:21:42
>> Well, that's that is a big issue. I
00:21:44
haven't thought that through, right?
00:21:45
Because you're not supposed to be taking
00:21:47
pictures of people's kids.
00:21:49
>> The surveillance,
00:21:50
>> government, you go into the White House,
00:21:52
>> uploading your data, your whereabouts,
00:21:55
>> but no one no one creates tech hardware
00:21:59
that is a better signaling device than
00:22:01
Apple. And pulling out your iPhone, I've
00:22:04
always said
00:22:05
>> pulling out your iPhone is like pulling
00:22:06
out an MX black card, but for a billion
00:22:08
people, not 10 million. It says that you
00:22:10
get it. It says you're one of the seven
00:22:12
most wealthiest people on the planet. It
00:22:14
says you're probably in the creative
00:22:16
arts industry. You know, it just it's it
00:22:18
is incredible signaling. I wear my
00:22:20
AirPods. If I'm at a conference and I
00:22:23
just need to get somewhere without
00:22:24
getting without speaking to people or
00:22:26
I'm just feeling exhausted by people, I
00:22:28
just put my AirPods on uh in and I act
00:22:31
like I'm talking to somebody like I'm
00:22:33
speaking to myself.
00:22:34
>> I know that trick. But let me just say
00:22:36
one of the things I'd like to not look
00:22:37
at my iPhone anymore. I'd like like I
00:22:39
use my watch quite a bit but it's not
00:22:41
good enough and I use my if my AirPods
00:22:44
were better, I would not pull my phone
00:22:45
out at all.
00:22:46
>> 100%.
00:22:47
>> You know, that's the thing. So, I think
00:22:49
this is really interesting. Another
00:22:50
interesting piece of tech, and we're
00:22:51
very techheavy today. SpaceX chipmaking
00:22:54
project in Texas will have an initial
00:22:55
price tag of at least $55 billion and
00:22:57
could eventually grow to 119 billion
00:23:00
according to a public hearing notice.
00:23:02
The project called Terapab will create
00:23:04
chips to power AI for SpaceX and Tesla.
00:23:06
I think this is a smart move by Elon.
00:23:08
SpaceX is asking for tax breaks for the
00:23:10
project, of course, which will be
00:23:12
discussed at a hearing next month, and
00:23:14
te Texas will definitely give it to them
00:23:16
because that's what Texas does. They
00:23:17
bend over. Speaking of bending over, um
00:23:20
SpaceX is of course preparing to go
00:23:21
public with one of the largest IPO
00:23:23
offerings in June. Um to me, more than
00:23:27
the robotics focus, this is really an
00:23:29
important I mean the way they do energy
00:23:31
is sort of rapacious to the people
00:23:33
living in the areas they're living in
00:23:35
and it's there's getting a lot of push
00:23:36
back. But the idea of your own chips,
00:23:39
all these companies really have to be in
00:23:41
that game. It seems like and it's an
00:23:43
important it's Elon really does know
00:23:45
this. I don't think he's as highly
00:23:47
technical as he makes himself out to be,
00:23:48
but he does understand this is the heart
00:23:50
of it. Your thoughts?
00:23:51
>> I agree. This is a really smart move and
00:23:53
it's one of the most interesting and
00:23:55
it's also quite frankly it's
00:23:56
fundraising. It's going to be a big
00:23:57
slide in his road show for SpaceX IPO.
00:24:01
they, you know, they're talking about a
00:24:04
60 to120 billion dollar chip fabrication
00:24:07
plant, Terraab, and it would be bigger
00:24:10
than the, the biggest one in the US
00:24:12
right now is a $65 billion plant from
00:24:14
TSMC.
00:24:16
So, the world's most advanced chip maker
00:24:18
with 50 years of experience, Elon, is
00:24:20
trying to out TSMC, TSMC.
00:24:24
So, I it it creates He's very good. He
00:24:27
and Trump are both obsessed with being
00:24:29
in your [ __ ] face every day and
00:24:31
they're very good at it. And so this is
00:24:35
it may I'm not I think it's going to
00:24:37
happen. The guy is a big thinker.
00:24:38
>> Exactly. Like X AI went nowhere.
00:24:40
>> It may or may not he may not be very
00:24:42
good at this. It doesn't matter. It is a
00:24:44
great This guy is a big thinker. He's
00:24:46
bold. He's pul pulled off some big bold.
00:24:49
>> Let me say he did he did surrender XAI
00:24:52
by doing the anthropic deal. It just
00:24:54
everybody's left.
00:24:55
>> He's not going to win here. He could win
00:24:56
in this. And I I I think he probably
00:24:59
might this is a better focus for him.
00:25:01
Speaking of focuses for French
00:25:03
prosecutors are summoning Elon and X's
00:25:05
former CEO, Linda Yakarino. Oh,
00:25:07
Yakarino, where did you go to? She's
00:25:10
doing some health company to face
00:25:11
preliminary criminal charges into X. The
00:25:13
investigation includes charges of child
00:25:15
pornography and sexualized deep fake. It
00:25:17
was interesting when I was in Europe,
00:25:18
they were like, "Oh, it's not he's not
00:25:20
going to it's not going to go anywhere."
00:25:21
I don't really care. I'm glad a
00:25:22
government is doing it, right? Cuz ours
00:25:25
certainly wouldn't. And they should they
00:25:26
should face an investigation of what was
00:25:29
happening there at X doing all this. Who
00:25:32
made the decisions about these child
00:25:34
pornography and sexualized deep fake
00:25:36
creations? I'd like to know and I'm glad
00:25:37
a government is pursuing it. I don't
00:25:39
even care if they win. I'm glad they're
00:25:40
doing it. That's my feeling.
00:25:43
>> There you go. Um
00:25:44
>> yeah, I don't More power to them. At
00:25:48
some point big tech executives, their
00:25:50
flight pattern is going to look like
00:25:52
Jerry Mandered because they're not going
00:25:53
to be able to go to the airspace.
00:25:55
We forgive these these founders,
00:25:58
especially during the Trump
00:25:59
administration for the economic pass is
00:26:00
the word I would use.
00:26:02
>> Yeah, but we are we are net gainers from
00:26:04
big tech. We just are in the US. That's
00:26:06
not to say
00:26:07
>> should pay the price for stuff like
00:26:08
this.
00:26:08
>> I agree.
00:26:09
>> Yeah.
00:26:10
>> That's not to say we shouldn't hold them
00:26:11
accountable. It's not to say they
00:26:12
shouldn't be subject to the same rules
00:26:14
and regulation as other industries, but
00:26:16
if you had a red button to push and do
00:26:18
away with all big tech, you wouldn't
00:26:19
want to do it. And for all the problems
00:26:21
and externalities, there isn't a single
00:26:23
nation in the world was presented with
00:26:24
the opportunity when say put your
00:26:25
headquarters here. The problem is, you
00:26:29
know, the big tech, I don't think Italy
00:26:31
is a is a net gainer from big tech. The
00:26:34
US is, but I'm not sure other nations
00:26:36
are.
00:26:37
>> Yeah, they are.
00:26:37
>> And so, a lot of these nations are doing
00:26:39
the math and saying, "You've gutted our
00:26:41
media companies. You don't pay that many
00:26:42
taxes here. You haven't really increased
00:26:45
employment a lot. You're just creating
00:26:46
tremendous disruption
00:26:48
>> and sexualized deep fakes.
00:26:50
>> Yeah. And also you now appear to be an
00:26:52
existential threat to our our kids
00:26:54
emotional and physical well-being.
00:26:57
We're not down with, you know, the
00:26:59
idolatry of innovators for a lot of good
00:27:02
reasons and some bad is has totally kind
00:27:06
of infected or overwhelmed the US. The
00:27:07
worm has turned a little bit. AI is way
00:27:09
down. people are realizing what a what a
00:27:12
what a negative impact this has had on
00:27:14
our children and then going much bigger.
00:27:17
It's manifesting itself in terms of
00:27:19
being ground zero for frustrations
00:27:21
around income inequality. But these
00:27:23
other nations just aren't that impressed
00:27:24
by these guys. They're like, "Okay, you
00:27:26
broke a law. We're going to charge you."
00:27:28
>> Yeah. I I like the activity. And I think
00:27:30
as you said a long time ago, early in
00:27:32
our relationship, someone has to do a
00:27:34
per walk on on what whether it's chat
00:27:37
bots and kids dying or something like
00:27:39
that. someone has to go to jail. They
00:27:41
won't, but I like I like the effort by
00:27:43
these governments and I don't think it's
00:27:45
um I think someone needs to investigate
00:27:47
how they made these decisions about
00:27:48
sexualized deep fakes and child
00:27:50
pornography on that on whatever service
00:27:52
that doesn't and what they did to stop
00:27:54
it or not stop it. I think it's
00:27:55
important for public.
00:27:56
>> There was there was a guy I think it was
00:27:59
a Mackenzie partner on the board of
00:28:00
Goldman and he took insider information
00:28:02
and traded on it.
00:28:04
>> He went to jail.
00:28:05
>> Jail. Think about what's happening in
00:28:07
the Trump administration around oil
00:28:08
prices.
00:28:09
>> Think about what's happening in tech in
00:28:12
terms of teen self- cutting
00:28:15
>> and depression among teen and being
00:28:16
weaponized. You said you expect the
00:28:18
Russians to cyber attack us. They've
00:28:20
been cyber attacking us.
00:28:21
>> Yes, I know.
00:28:22
>> They use these poorest platforms that
00:28:23
are totally focused on shareholder
00:28:25
value. They create lists of people who
00:28:26
are pro- Ukraine or or people who are
00:28:30
polarizing and they infect their
00:28:33
comments and people's perception of them
00:28:35
perception of them. They diminish their
00:28:37
credibility and they create fights
00:28:39
everywhere to try and atomize us. We've
00:28:42
been we're attacked every day and the
00:28:44
ultimate Trojan horse is big tech who
00:28:47
charges them a small fee to go sit
00:28:49
inside the Trojan horse and start
00:28:52
attacking America from within.
00:28:54
Yep, that's correct. And and by the way,
00:28:56
they'll shift in a dime. I don't know if
00:28:57
you noticed, suddenly David Saxs is like
00:28:59
Anthropic's going to be really
00:29:00
successful after needlessly all of a
00:29:02
sudden he likes Anthropic.
00:29:04
>> Oh god, he's such a Let me just tell
00:29:06
you, we were right about that one. Like
00:29:08
immediately when it's back when they're
00:29:10
back, he turn because he's losing the
00:29:11
fight over unfettered AI and they're
00:29:14
just better. That's all. Anyway, um he
00:29:17
was lying the first time about when they
00:29:19
attacked him and for a government
00:29:20
official to do that to an American
00:29:22
company without any proof is really
00:29:24
grotesque. I I don't mind it if there's
00:29:26
proof, but in that case, it was because
00:29:28
he wanted to feather his own nest.
00:29:29
Anyway, let's go on a quick break and we
00:29:32
come back, we'll check in on the Trump
00:29:34
phones. Speaking of, dare I say it,
00:29:36
fraud.
00:29:37
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00:30:40
Scott, we're back. It's been almost a
00:30:42
year since the Trump phone was
00:30:44
announced, and there is still no sign
00:30:45
the device is anywhere close to
00:30:46
shipping, but that hasn't stopped Trump
00:30:48
mobile website from continuing to accept
00:30:50
$100 deposit for the phone. The fine
00:30:52
print notes, a pre-order deposit
00:30:54
provides only a conditional opportunity
00:30:55
if the Trump mobile later elects to
00:30:58
offer the device for sale. And while the
00:30:59
phone was initially touted as being in
00:31:02
made in America, the site now describes
00:31:03
as being shaped by American innovation.
00:31:06
Looks like these aren't coming. I know
00:31:08
people have lost their money, which we
00:31:09
said would happen. This is exactly um
00:31:12
you know, I'm not sure where the phone
00:31:14
ranks among various Trump griffs. Um
00:31:16
another Trump venture where things
00:31:18
weren't looking so great. The Trump
00:31:19
media just posted a net uh drop of 46
00:31:23
net loss of $46 million and I think they
00:31:26
made under a million dollars in revenue
00:31:28
driven largely by unrealized losses in
00:31:30
crypto holdings. And while they're doing
00:31:33
all this grift, the Pentagon has
00:31:34
released a batch of quote
00:31:36
neverbeforeseen UFO files on a dedicated
00:31:38
government website. The files include
00:31:40
details from over 400 reports from the
00:31:42
40s in recent years, including several
00:31:44
Apollo missions. President touted the
00:31:46
administration transparency and true
00:31:47
social post saying now the people can
00:31:49
decide for themselves what the hell is
00:31:51
going on. We cannot decide. They're just
00:31:53
more lights. Hey, I can get more out of
00:31:55
just like a book I buy at the airport
00:31:56
about these things. Um, so it's just a
00:32:00
lot of, you know, handwaving all over
00:32:02
the place and grift. I mean, the Trump
00:32:04
phone, which Scott and I both said was
00:32:05
never going to happen, is not going to
00:32:08
happen, people. And that's 60 million
00:32:10
bucks or something like that. I think
00:32:11
that's how much they collected. It's
00:32:12
it's grift. First off, this wasn't this
00:32:16
wasn't a down to payment on a product.
00:32:17
It was a donation. I don't think
00:32:19
anyone's going to care. I I think the
00:32:20
likelihood that he was ever going to
00:32:22
have a competent phone was probably
00:32:24
didn't escape these folks as as it
00:32:25
relates to me aliens.
00:32:28
>> I'm convinced,
00:32:29
>> yeah,
00:32:29
>> that aliens have been monitoring us,
00:32:31
including all of our media. And if we're
00:32:33
really honest, about twothirds of our
00:32:34
media is porn. So,
00:32:36
>> I think this explains that the aliens
00:32:39
aren't using anal probes for
00:32:40
information. They're just trying to
00:32:41
speak our language.
00:32:44
Can I ask you a question? Do you believe
00:32:45
in aliens? I'm just curious. When you
00:32:47
think about UFOs and you see these
00:32:49
pictures and the Let me tell you,
00:32:51
everybody, I looked at some of these
00:32:52
pictures. They look like the pictures
00:32:53
you always see. Bright lights, things
00:32:55
moving across the sky, unexplainable
00:32:57
phenomena, often often lights, you know,
00:33:00
or lights moving in a pattern or
00:33:02
something like that, which could be
00:33:03
explained lots of different ways. Uh, do
00:33:06
you actually believe in aliens, sir?
00:33:09
Oh, this is gonna sound this is going to
00:33:11
sound like I'm on edibles, but I'm not.
00:33:12
But I believe in everything. What do I
00:33:14
mean by that?
00:33:15
>> If you believe there's some logic here,
00:33:18
I think
00:33:18
>> like Loch Ness's monster.
00:33:21
>> Most astrophysicists believe
00:33:24
I it appears the infinite space theory
00:33:27
that that space never ends. All right.
00:33:29
So, space never ends and it's
00:33:30
regenerating and the spice space-time
00:33:32
continuum curves and space never ends.
00:33:35
That means everything exists. That means
00:33:38
everything that's happened has happened
00:33:39
before. Because if if space never ends,
00:33:42
that means the infinite possibilities of
00:33:45
everything exist and everything that you
00:33:48
can imagine is out there.
00:33:49
>> Oh my god, I need an edible at this
00:33:51
point. Okay,
00:33:52
>> that means we exist all the time
00:33:54
forever, you and I. No, it means that if
00:33:57
there's if there's an infinite number of
00:33:58
universes, at some point there's a
00:34:00
universe very similar ours with similar
00:34:02
lifespans, similar earth and gas and
00:34:04
organisms and similar similar carers and
00:34:07
Scots. And if you don't believe if it's
00:34:08
not exactly like it, just keep going
00:34:10
through infinity and eventually you'll
00:34:11
get to it. So,
00:34:12
>> oh wow. the fact that
00:34:13
>> this is like the plot of Interstellar or
00:34:15
something like that.
00:34:16
>> Well, if if space is infinite, and I'd
00:34:18
like to hear an argument for how it
00:34:19
couldn't be, then of course there's a
00:34:22
galaxy and another alien intelligence
00:34:24
that can send probes here. Having said
00:34:26
that,
00:34:27
>> I don't think they'd be that interested
00:34:29
with us. So, I don't
00:34:31
>> Do I believe they exist? Yes. Do I
00:34:32
believe the ones we have seen are actual
00:34:35
alien intelligence or life? I don't
00:34:36
think so.
00:34:37
>> Maybe they're flashes from another
00:34:38
universe. Maybe that's what we're
00:34:40
seeing. lights that maybe they, you
00:34:42
know, like in all the sci-fi they or or
00:34:44
the Marvel movies, all the different
00:34:45
universes suddenly get the sky gets
00:34:47
ripped open and one of the universes
00:34:49
comes in to this one. You have to close
00:34:52
the It's always having to close a
00:34:53
[ __ ] portal in those movies, which I
00:34:55
never understand. Um, but I vaguely do.
00:34:58
>> I think we should ask aliens to hunt
00:34:59
down all the people on Jeffrey Epstein's
00:35:03
island. I think we could call it Alien
00:35:04
versus Predators. They Oh,
00:35:07
um I would like the aliens to arrive
00:35:09
just about now. That's what I would like
00:35:10
them to do.
00:35:11
>> You ready for it?
00:35:12
>> I would like them to come now. It's
00:35:14
time. It's time. It's time. Either Jesus
00:35:16
or them. I don't care. Jesus needs to
00:35:18
come back or they do. I don't either.
00:35:20
I'm good with anybody showing up and
00:35:23
like getting our That's the distraction
00:35:25
we need. And And uh I
00:35:28
>> But that's what this says, Cara. This is
00:35:30
meant to be a distra distraction.
00:35:32
>> Of course. Absolutely. Anyway, uh, well,
00:35:35
we wish you would come, aliens.
00:35:37
>> All I got to say is if females invade
00:35:38
the earth and kidnap men with large
00:35:40
[ __ ] uh, you're in no danger. And I'm
00:35:43
just I'm just writing this to say
00:35:45
goodbye.
00:35:47
>> Oh, can I have your stuff?
00:35:50
>> I'd like your stuff.
00:35:51
>> Can I have your stuff?
00:35:52
>> Can I have your stuff?
00:35:52
>> You have my stuff. I show to my house in
00:35:54
New York and I'll be like down two
00:35:56
Kashmir sweaters. I know you've been
00:35:57
stealing my stuff.
00:35:57
>> True. I have your stuff. They're in
00:35:59
Brooklyn right now. Anyway, you can stay
00:36:00
in Brooklyn anytime. You'll never come
00:36:02
to Brooklyn, which is fantastic.
00:36:03
>> I've been there twice, both times to go
00:36:05
to the new Soho House over there. That's
00:36:06
it.
00:36:07
>> Alex and I will be in Brooklyn.
00:36:08
>> If you're not If you're not in If you're
00:36:10
not on the island called Manhattan,
00:36:12
there is no reason to ever visit. And I
00:36:13
will be in Manhattan on
00:36:14
>> the Northeast is so overrated except for
00:36:16
a 7 by two mile island. That's it.
00:36:20
>> Let me just say he's going to be in
00:36:22
Brooklyn with me and he's going to eat,
00:36:23
you know, tonight. By the way, let me
00:36:25
just say it's Amanda's birthday today.
00:36:27
Um, and happy birthday, Amanda. We're
00:36:29
going out for uh oysters tonight in in
00:36:32
DC and I literally going to have to take
00:36:33
out a small loan cuz Alex is coming.
00:36:35
Like please. Last time we took him for
00:36:38
sushi. It was like $400. Anyway, uh one
00:36:40
more quick break and we get back uh wins
00:36:43
and fails. Support for this show comes
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00:37:48
Okay, Scott wins and fails. I feel like
00:37:50
I shall go first. Speaking of conspiracy
00:37:53
theories, this is one that I find very
00:37:55
troubling. And look, listen, I even kind
00:37:57
of believe it. One in four Americans
00:37:59
think the April shooting at the White
00:38:00
House Correspondent Center was staged
00:38:02
according to a new survey. Roughly one
00:38:04
in three Democrat respondents said they
00:38:05
believe the event was staged compared to
00:38:07
one in eight Republicans. The same thing
00:38:09
with the other that a lot of like
00:38:11
Marjorie Taylor Green, all these people
00:38:12
think the the shooting in Butler was
00:38:14
staged. I just feel the falling off of
00:38:17
assuming con and this is this does go
00:38:19
back to Kennedy assassination and before
00:38:21
there's always been a conspiracy
00:38:23
theory-minded public popul populace we
00:38:25
have but it's just a little it's
00:38:27
slightly depressing because like
00:38:29
remember when you said I thought Jeffrey
00:38:30
Epstein didn't kill himself just like
00:38:33
nobody believes anything and I find it
00:38:35
really depressing that our shared like I
00:38:38
get conspiracy theories and I see why
00:38:39
you might think this and I hate myself
00:38:41
for even saying oh maybe it was right
00:38:44
without any proof. And I find that
00:38:47
feeling in me really gross. I have to
00:38:49
say the conspiracy theory minded. But
00:38:52
you become more that way as you live in
00:38:54
this world where AI and social media and
00:38:57
everything else just sort of spins your
00:38:59
spins your brain in a way that's really
00:39:01
gross. Um, and speaking of clarity, I
00:39:04
have to say one thing is first of all,
00:39:05
Matt Damon on Saturday Night Live was
00:39:07
superb and he looks like he's great in
00:39:09
the Odyssey. He was super. That was a
00:39:11
superb show. SNL is really bringing is a
00:39:14
really solid actor.
00:39:15
>> Talking about clarity, Chelsea Handler
00:39:16
at the Kevin Hart rose. Uh,
00:39:18
>> you love that. I thought of you when I
00:39:20
saw that.
00:39:20
>> [ __ ] super. So was Tom Brady, by the
00:39:22
way. But let me say Chelsea Handler
00:39:24
handed it back to the MAGA sort of
00:39:26
adjacent comedian Bros. Let's listen to
00:39:29
her call out the comedians who went to
00:39:31
the Saudi comedy festival. Now that your
00:39:33
favorite leader is making the draft
00:39:35
mandatory, I assume that all of you will
00:39:37
be signing up to go fight in Iran. Or do
00:39:39
you tough talking [ __ ] only go to the
00:39:41
Middle East for comedy festivals?
00:39:50
Oh, was so she had so many lines. That
00:39:53
was a nicer one. And then she had some
00:39:55
choice words for Tony Hinchcliffe. She
00:39:57
said, "Tony Tony is what happens when
00:39:59
women don't have safe access to abortion
00:40:01
care," which I thought was funny. And
00:40:03
then also like who's who's uh who's
00:40:05
who's warming Joe Rogan's balls in their
00:40:07
mouth now that you're here tonight. He
00:40:09
looked sick the way she attacked him.
00:40:11
And it was so good. She did such a good
00:40:13
job. I have to say Chelsea, I love you.
00:40:16
Marry me. I got to say so good. She was
00:40:19
fant and they just he was so
00:40:21
uncomfortable. Like they can't take a
00:40:23
joke. These people they can dish it out
00:40:25
but they can't take it. And Chelsea put
00:40:27
them down. Put them down. And I love
00:40:29
love to see it. Anyway, your thoughts? I
00:40:32
agree with you on that. Um, so my wins
00:40:35
and fails. My win is Mayor Mani's Pieta
00:40:40
terror attacks. Um, I'm not even going
00:40:42
to get into whether
00:40:45
the city of New York should be cutting
00:40:46
costs or spends too much money. I don't
00:40:48
have enough domain expertise. I'm a
00:40:50
resident of Florida, but
00:40:54
the percentage of federal employees uh,
00:40:57
as a percentage of the population has
00:40:59
steadily gone down. I've never bought
00:41:00
that. There's just waste, fraud, and
00:41:02
abuse everywhere. And if we're going to
00:41:03
get our fiscal house in order, do we
00:41:06
need to cut spending and raise taxes?
00:41:08
The answer is yes. So, I'm just going to
00:41:09
talk about the raising taxes side of it.
00:41:11
If you're going to raise taxes, it feels
00:41:13
to me that there's a very legitimate
00:41:14
argument that the people who have done
00:41:17
the best over the last 30 or 40 years
00:41:20
are the very wealthy and specifically
00:41:22
owners. And it's pretty basic.
00:41:24
Productivity has gone up 45 degrees.
00:41:28
Wages have gone flat. The delta between
00:41:30
those two lines is trillions of dollars
00:41:32
in um value creation and almost all of
00:41:36
it has gone to the top one if not the
00:41:38
top 0.1%. So it seems to me that just
00:41:41
basic math is it makes sense for the
00:41:44
wealthiest among us to uh pay a
00:41:47
disproportionate amount of incremental
00:41:49
taxes needed to operate this great
00:41:51
experiment called the US to pay for our
00:41:52
navy to pay for food stamps. And the
00:41:56
problem is, okay, so what do you do in
00:41:58
New York if you need to raise revenues?
00:41:59
Do you increase corporate taxes? The
00:42:00
problem with that is, and Jamie Diamond
00:42:04
pointed this out, JP Morgan has gone
00:42:06
from 30,000 to 20,000 employees in New
00:42:08
York in the last 10 years because it's a
00:42:10
very expensive place to do business.
00:42:12
>> Yes, it is. No question.
00:42:13
>> Meanwhile, in Texas, it's gone from
00:42:14
10,000 employees to 30,000. So, at some
00:42:16
point,
00:42:17
>> you get diminishing returns. And a lot
00:42:19
of the people that work at corporations
00:42:21
are middle- class people who who who
00:42:24
commute in from the different different
00:42:25
burrows. So you got to be very careful
00:42:28
about raising costs on business because
00:42:30
New York is getting to the point where a
00:42:32
lot of businesses are contemplating
00:42:35
uh
00:42:35
>> leaving.
00:42:36
>> Yeah. Leaving or at least trans or at
00:42:38
least doing the bulk of their hiring
00:42:39
somewhere else. Then you think, well, we
00:42:42
could just go after all rich people. The
00:42:44
problem is there are a lot of people in
00:42:46
New York making a half a million, 600,
00:42:48
800 grand a year as a couple and they
00:42:50
can't. I was that couple and I had to
00:42:53
leave because it's just so goddamn
00:42:56
expensive there and you're already
00:42:57
paying 13 or 14% incremental taxes. So I
00:43:01
like the idea and I let's bring this
00:43:03
back to me in 2017 when I sold my
00:43:06
company I made the mistake of giving NYU
00:43:09
I think 2% of the company. The dean
00:43:11
called me and said, "Can you come up
00:43:12
here?" And when the dean calls you and
00:43:13
says, "Come up here." It's either very
00:43:15
good or very bad news. And he said, "We
00:43:17
just got a check for X." And he said,
00:43:19
"First off, thank you." And he said, "If
00:43:22
my math is correct, that means you sold
00:43:24
your company for why." And I said,
00:43:25
"Yes." And he's like, "I need you to
00:43:26
move out of faculty housing right away."
00:43:28
>> That's right. You lost that house.
00:43:30
>> And he said,
00:43:31
>> "You like that house, didn't you?"
00:43:32
>> I loved it there. No one, it was all a
00:43:34
bunch of 110-year-old widows from some
00:43:36
tenure history professor that died 40
00:43:38
years ago. No one makes eye contact. No
00:43:40
one talks to each other. I loved it.
00:43:41
Washington Square Village. It was
00:43:43
amazing. No one even looks at you in the
00:43:44
eye. Occasionally there'd be a little
00:43:46
mimograph paper saying, "Yeah, join us
00:43:48
in the third floor to celebrate Lois
00:43:49
Frankle's life." You know, occasionally
00:43:52
there was a notice about someone who
00:43:53
died. That's it. I absolutely love it.
00:43:56
Anyways, he said, he was really funny,
00:43:58
too. Peter Henry, one of my role models
00:44:00
and the best boss I've ever had. He
00:44:01
said, "You're in strategy." He's like,
00:44:03
"Answ me this. What do you think the
00:44:04
objective is of faculty housing?" And
00:44:07
I'm like to provide housing for young
00:44:10
faculty who who could otherwise not live
00:44:12
here. And he's like bingo. I need you to
00:44:13
move out next week, not the week after.
00:44:16
Anyways,
00:44:16
>> I bought a place which Caris Swisser is
00:44:19
very fond of. It's been my one of my
00:44:21
second homes.
00:44:22
>> Yeah.
00:44:23
>> And I spend about I don't know about 60
00:44:25
days a year there. Maybe 90. I don't
00:44:26
know.
00:44:27
>> And here's the bottom line. This tax I
00:44:30
figured out. I did the math. If it goes
00:44:32
through un unfettered or
00:44:35
>> I'm the one that told you about this, by
00:44:36
the way, but go ahead.
00:44:37
>> You told me about it, so I began looking
00:44:38
into it.
00:44:39
>> Yeah,
00:44:40
>> it's unlikely to it'll be watered down.
00:44:42
But if it goes through, as mom Donnie
00:44:43
has proposed it, it would be an
00:44:45
incremental $100,000 a year tax on me.
00:44:48
Personally, I'm not fond of that. It's a
00:44:50
form of a wealth tax because all that
00:44:52
really does is take a say a condo worth
00:44:54
10 million and make it worth eight and a
00:44:55
half or 9 million because it's an extra
00:44:57
$100,000 a year. But here's the bottom
00:44:59
line and the reason why I think it's a
00:45:01
win. One, our municipalities need to get
00:45:05
their fiscal house in order. Two, it's
00:45:08
clear that if there's going to be
00:45:09
incremental taxes, it should be on the
00:45:11
wealthiest among us. And three, a sec a
00:45:14
tax on second homes, which is also being
00:45:16
proposed, by the way, in San Francisco
00:45:17
and Montana, is a very elegant way of
00:45:21
going after those of us who quite
00:45:23
frankly have the money.
00:45:25
>> Right. It's under It's over $10 million.
00:45:27
the houses. Correct.
00:45:28
>> Over five. In addition, it also kind of
00:45:31
you get a twofur here. And that is if
00:45:33
people decide to sell, it does free up
00:45:35
housing stock. So, nobody likes a tax. I
00:45:39
get it. And the wealthy are going to
00:45:41
come out of their skin. I get it. The
00:45:43
bottom line is
00:45:43
>> [ __ ] Griffin needs to shut the hell
00:45:45
up. He looks like a
00:45:46
>> Hold on. I'm not done with my wins and
00:45:48
my tails.
00:45:49
>> All right. Okay.
00:45:50
>> I get it. I actually think as far as
00:45:52
taxes goes, which nobody likes. See
00:45:54
above the meaning of the word tax. I
00:45:57
think this is an elegant, thoughtful,
00:46:00
less bad tax.
00:46:01
>> My little lesbian communist from San
00:46:04
Francisco finally. Go ahead. Sorry.
00:46:06
>> And and as long as I can roll out of my
00:46:08
apartment and I have the money, which I
00:46:10
do, and go to Jack's wife, Freda and sit
00:46:12
there and order a latte and watch the
00:46:14
freak show of commerce, sex, capitalism,
00:46:18
art, fashion, walk by me, it is worth
00:46:21
100 grand a year to me. And it's still
00:46:23
worth that to a [ __ ] ton of people.
00:46:24
Because if you have a second home in
00:46:26
Manhattan, my brothers and sisters, you
00:46:28
are doing just fine.
00:46:30
>> Yeah.
00:46:32
>> So the piet tax and the second home tax
00:46:35
being proposed across municipalities
00:46:37
that need to raise revenue. It is an
00:46:39
elegant,
00:46:40
>> great idea,
00:46:40
>> thoughtful tax.
00:46:42
>> This is what you're not going to like.
00:46:43
My fail is Mayor Mom Donnie and his
00:46:47
class warfare against the rich and
00:46:49
doxing Ken Griffin. That was totally
00:46:52
totally out of line. I would agree with
00:46:53
you.
00:46:54
>> Totally out of line. And here's the
00:46:55
problem with Democrats. We want to
00:46:57
redistribute virtue, not income. Propose
00:47:00
a tax on the wealthiest. I get it. Get
00:47:03
on with it. Stop complaining about
00:47:05
billionaires. Do your [ __ ] job and
00:47:08
raise taxes on the wealthy. But instead,
00:47:11
do not go to their homes and dox them.
00:47:15
>> And this is what's going to happen. This
00:47:17
is what's going to happen. And Ken
00:47:19
Griffin, who was had a $6.5 billion
00:47:22
project underway in Manhattan,
00:47:23
supposedly has given a quarter of a
00:47:25
billion dollars to New York-based
00:47:26
charities. You know what he's going to
00:47:27
say? [ __ ] you. And he's going to he's
00:47:30
absolutely going to take capital he was
00:47:32
investing in Manhattan and move it to
00:47:35
Florida and Texas. And here is the
00:47:37
problem with Democrats. We'd much rather
00:47:39
signal virtue than do our [ __ ] jobs.
00:47:42
And that is it is one thing to be right,
00:47:44
but it doesn't matter if you're
00:47:45
ineffective.
00:47:47
and and the Democrats are going to lose
00:47:49
if they continue to to try and with this
00:47:51
undercurrent of young men are the
00:47:53
problem, don't have problems. Most white
00:47:55
people are racist and all billionaires
00:47:57
are evil. Well, guess what? You're going
00:47:59
to lose the young male, the wealthy, and
00:48:02
quite frankly the white vote. If you
00:48:05
keep this class warfare demonization of
00:48:08
success up, one of the most wonderful
00:48:10
things about America and the reason why
00:48:12
we have consistently attracted the best
00:48:14
and brightest around the world is we
00:48:16
celebrate success. Now, do we need to
00:48:19
redistribute income to the middle class?
00:48:21
Abso fuckingutely. But notice how they
00:48:24
never talk about Oprah or Beyonce. This
00:48:27
is identity politics at its worst. It's
00:48:29
demonizing success and you are going to
00:48:31
end up with lower Treasury receipts. But
00:48:34
great, you're going to
00:48:35
>> ask what is the thing? Because it it I
00:48:37
think the the most effective messaging
00:48:39
around this area and I often would be
00:48:40
saying are billionaires off. I'm like
00:48:42
not all of them. No, of course not. Like
00:48:44
you know I think the most effective way
00:48:46
is to say everyone needs to pay their
00:48:48
fair share. That I think is a very
00:48:51
effective things and you're saying the
00:48:52
same thing. And remember I think Gore
00:48:55
tried to sort of demonize rich people of
00:48:56
course which is ironic since he is one.
00:48:59
Um, but one of the things uh that I
00:49:01
think is effective is everybody should
00:49:04
pay their fair share. Like everybody
00:49:06
shouldn't get breaks. Everyone shouldn't
00:49:07
get to meet with the president if I
00:49:09
don't, right? Everyone shouldn't be in a
00:49:11
meeting where they get stuff. I think
00:49:13
the they the get well they're getting
00:49:14
good stuff of them standing there and
00:49:16
pulling in like Scrooge McDuck all the
00:49:18
money is a very good message. Like why
00:49:21
do they get to first why do they get the
00:49:23
best bits and you don't? I think that is
00:49:25
not demonizing them. It's saying fair
00:49:27
share. This is how much they pay. This
00:49:29
is how much you pay. This is how much
00:49:31
corporate tax has gone down. This is how
00:49:33
much your taxes have gone up. I think
00:49:35
that is fully a great way to do it. And
00:49:38
I agree that I didn't love the the the
00:49:40
thing of the Ken using Ken Griffin. I
00:49:42
think you could have done much wider is
00:49:44
all these people have second homes and
00:49:46
they should pay a tax on it and that's
00:49:48
that. And that and they're very rich and
00:49:50
they can not just they can afford it.
00:49:51
They don't have they don't have to pay
00:49:53
taxes and win with math is the way you
00:49:55
kind of do it with people in a in a
00:49:57
smart way. That's my feeling. What about
00:49:59
you from a marketing perspective? What
00:50:00
do you think?
00:50:01
>> If teachers unions were much more
00:50:03
powerful and they had figured out a way
00:50:06
to weaponize government and we're
00:50:07
getting paid $500,000 a year on average,
00:50:10
plus benefits plus retirement, they
00:50:11
would not be saying enough. We don't
00:50:13
need anymore. People will always respond
00:50:16
to incentives in a capitalist society to
00:50:18
get more and more. Until we get rid of
00:50:20
Citizens United, the wealthiest among us
00:50:23
will weaponize government and always
00:50:25
incrementally seed the transfer of power
00:50:28
of our economy from laborers and
00:50:31
consumers to investors. The entire
00:50:34
shooting match around income inequality
00:50:36
is the following. The point of America
00:50:39
is to to make the jump to light speeded
00:50:41
by evolving from an earner to an owner
00:50:43
because once you're an owner, your
00:50:45
wealth compounds tax deferred. And
00:50:48
owners are more so powerful and have
00:50:50
such powerful lobbies because of Citizen
00:50:52
United. They keep coming up with new tax
00:50:54
rates. I can buy a jet today and write
00:50:55
the whole [ __ ] thing off in year one
00:50:57
being cash flow positive. If I own a
00:50:59
home and I put it in an LLC, I'm an
00:51:01
owner. I can sell it. Don't have to have
00:51:03
a capital gain. I can roll into another
00:51:05
investment property, put it in a trust,
00:51:07
$30 million exemption, and start
00:51:08
building a dynasty until we have an
00:51:11
elected elected populace, elected
00:51:14
representatives who stop transferring
00:51:17
capital, influence, well-being, health
00:51:20
per your series from from labor and from
00:51:24
consumers to shareholders. None of this
00:51:26
is going to change. And the key to all
00:51:27
of this, none of this happens unless you
00:51:31
do away with Citizens United. And for
00:51:32
Bernie Bernie Sanders and Elizabeth
00:51:35
Warren who keep complaining about the
00:51:36
wealthy. Well then do your [ __ ] job
00:51:39
when you controlled all three houses of
00:51:40
government. Taxes went down on the rich
00:51:43
during the Biden administration.
00:51:45
>> So everyone com it's like the the guy
00:51:48
complaining that the the game was rigged
00:51:50
is wearing a referee's uniform.
00:51:52
>> Yeah.
00:51:52
>> You need structural reform. But
00:51:54
demonizing billionaires everybody does
00:51:56
the same thing. Everyone responds to
00:51:58
incentives and feathers their bed the
00:52:00
most. I do think on the other hand the
00:52:02
look of the Bezos's at that Met Gala
00:52:04
wasn't good. Totally different issue. I
00:52:06
think they do it to themselves. They do
00:52:08
it to themselves. So let them do it to
00:52:09
themselves. Venice, everyone knows how
00:52:11
that feels. Um I have to say I agree
00:52:14
with you. You're right. I think it was a
00:52:15
rare misstep by Mamani who's a little
00:52:17
more deaf as the way he handled Trump.
00:52:19
>> Very savvy politician.
00:52:20
>> I thought that was a little clottish of
00:52:22
him. I think you're right. I think
00:52:23
you're right. Anyway, um those are good
00:52:25
ones. Uh we want to hear from although
00:52:27
Ken Griffin's still been a whiny [ __ ]
00:52:28
about it anyway. Um, he's always a whiny
00:52:31
[ __ ] Um, we want to hear from you.
00:52:32
Smart guy. I understand, but really
00:52:34
smart guy.
00:52:35
>> He needs to All of them need to stop
00:52:37
talking. Every one of them. Anyway, we
00:52:38
want to hear from you. Send us your
00:52:40
questions about business, tech, or
00:52:41
whatever is on your mind. Go to
00:52:42
nymag.com/pivot
00:52:44
to submit a question for the show or
00:52:45
call 8551
00:52:47
Pivot. Uh, and we have a specific
00:52:49
question for you listeners today. Who do
00:52:51
we want who do you want to see co-host
00:52:53
with me in August when Scott goes away
00:52:55
on a vacation? We have we already have a
00:52:57
really good list actually and they're
00:52:59
really including Chelsea Handler is
00:53:01
coming. Uh so that I'm very pleased
00:53:03
about that. We want to hear your ideas
00:53:06
and maybe we can get them for you. So
00:53:08
we'll pick at least one from the people
00:53:10
the suggestions of the people and don't
00:53:11
be kooky. Don't be like you know the
00:53:13
pope. I can't get the pope. Although I'm
00:53:15
working on getting an interview with him
00:53:16
but I mean I mean I could try to get the
00:53:18
pope but it's not going to work. Uh so
00:53:20
email us, call us or tell us on the
00:53:22
socials. We want to hear uh your
00:53:24
suggestions. I would prefer an alien if
00:53:26
that's possible. If anyone's listening
00:53:27
from up there or tapping into this show
00:53:30
um elsewhere in the Cara and Scott
00:53:32
universe this week, uh on with Cara Sw
00:53:35
on on with Cara Swisser, I'm talking
00:53:36
with author and journalist Patrick Raden
00:53:38
Keefe. He's one of my favorite
00:53:40
journalists. He writes amazing books. Uh
00:53:42
obviously wrote about um uh the opiate
00:53:45
crisis. He's written about the crisis in
00:53:47
Northern Ireland. He's just amazing
00:53:49
journalist. Uh his new book is called
00:53:51
London Falling. It's about a mysterious
00:53:53
circumstances surround the death of a
00:53:54
19-year-old who was pretending to be the
00:53:56
son of a Russian oligarch. I asked Raden
00:53:59
Keefe why he's drawn to these true crime
00:54:01
stories. Let's listen to a clip.
00:54:03
>> I don't really even think of myself as a
00:54:05
crime reporter, but it is a situation
00:54:07
where when I go out and I
00:54:10
kind of pursue what's interesting to me
00:54:12
in the world, it's often stories about
00:54:14
people transgressing
00:54:17
in one way or another. It's often
00:54:18
stories about people kind of using their
00:54:20
own charisma
00:54:22
to change the world a little bit to find
00:54:24
some little wormhole, some loophole they
00:54:26
can get through or actually to kind of
00:54:28
reorganize the world in a way that they
00:54:30
would want. And it's funny cuz we talk
00:54:33
about those stories as if they're
00:54:35
outliers, but I feel as though that is
00:54:37
the era we live in.
00:54:39
>> It's a great interview. He's so smart.
00:54:40
Elsie, he's very handsome. He's got he
00:54:42
was in he was in too. Yeah,
00:54:43
>> that will be handsome. hands down will
00:54:46
be on Netflix within 24 months.
00:54:48
>> Oh, I think he's already sold it. I
00:54:49
think Say Nothing.
00:54:51
>> I hear that story and I want to know
00:54:53
more.
00:54:54
>> That's correct. It's going to be great.
00:54:55
I We were I actually was asking him
00:54:56
who's going to play the kid in the
00:54:58
movie. Um I think he's already sold it,
00:54:59
I believe. So, okay, that's the show.
00:55:02
Thank by the way, it's a riveting read.
00:55:03
It's really You can't put I'm not sure
00:55:06
it has that as much meaning as he's
00:55:07
putting in it, but it's fantastic read
00:55:09
and it is it does it's about modern day
00:55:11
London, too, which is interesting. Okay,
00:55:13
that's the show. Thanks for listening to
00:55:15
Pivot. Be sure to like and subscribe to
00:55:17
our YouTube channel. We'll be back on
00:55:19
Friday.
