00:00:00
This is just so [ __ ] stupid and such
00:00:02
a waste of oxygen. It doesn't pass the
00:00:04
most basic smell test.
00:00:12
>> Hi everyone, this is Pivot from New York
00:00:14
Magazine and the Fox Media Podcast
00:00:15
Network. I'm Cara Swisser
00:00:17
>> and I'm Scott Galloway.
00:00:18
>> So are you going to the Met Bowl?
00:00:20
>> I was invited.
00:00:22
>> Why were you invited? I'm sorry to ask
00:00:24
that.
00:00:25
>> I I acknowledge it. was in the Devil
00:00:28
Wears Prada, which may I say, as I
00:00:30
predicted,
00:00:32
>> what happened?
00:00:33
>> Oh god, are we talk? Is this your new
00:00:34
Taylor Swift thing?
00:00:36
>> $233
00:00:38
million globally. But why? Tell me why
00:00:41
you were invited to the Metall.
00:00:42
>> I'm still not sure. I just I'm I think
00:00:45
it's because I've talked a lot about and
00:00:47
got a lot of um social media activity
00:00:51
when I went to the Vanity Fair thing.
00:00:54
So, I think I [ __ ] I don't know. I think
00:00:56
someone I think some intern somewhere
00:00:58
said podcasting. What about that crazy
00:01:00
professor? I don't I'm not sure why.
00:01:01
>> They tried to be your pal, right?
00:01:02
Weren't they trying to like suck up to
00:01:04
you
00:01:05
>> um
00:01:06
>> for a minute and a half?
00:01:07
>> I don't know. People are pretty nice. Um
00:01:09
>> no, the Bezos people. Bezos and his lady
00:01:12
friend.
00:01:13
>> Oh, I I like them. I I met I mean I
00:01:15
don't know them, but I my I've had
00:01:18
you've had more interaction with with
00:01:20
them than I have, but I find them to be
00:01:22
lovely. I
00:01:23
>> I was invited I think I told you this. I
00:01:25
was invited to a small dinner with him
00:01:27
and another friend and I I said no I
00:01:29
don't a I don't like dinners and two I
00:01:32
don't you know two I don't like people
00:01:33
and three I don't I don't want to know
00:01:34
these people because I know what's going
00:01:36
to happen. We talk about the slot. I'm
00:01:37
going to like them and I'm going to
00:01:38
start
00:01:38
>> you like everybody.
00:01:39
>> I'm going to stop speaking my mind.
00:01:40
>> Truly low bar for people.
00:01:41
>> It is a pretty low bar. I'm pretty
00:01:43
>> say I'm pretty nice. I'm like
00:01:46
>> Yeah. No, I'm pretty I'm pretty
00:01:48
>> I think they're getting the [ __ ] kicked
00:01:50
out of them. You know, there's protests
00:01:52
and like billboards, very some funny
00:01:55
things. There was um um you know, like a
00:01:57
shopping cart out front with a bunch of
00:01:59
empty bottles and said bathroom, VIP
00:02:02
bathroom.
00:02:04
I They're projecting things onto the
00:02:06
buildings nearby. Um they kind of
00:02:08
hijacked the whole thing and it's kind
00:02:10
of I don't know, graspy and thirsty. I
00:02:12
find that
00:02:13
>> it's a perfect fit. Vogue Vogue has so
00:02:16
much RZ and no money and the Bezos have
00:02:19
just so much money and not a lot of RZ.
00:02:20
It's a marriage made in heaven. I don't
00:02:22
know this, but I get the sense Bezos is
00:02:26
pretty self-actualized and Honey Bear
00:02:28
don't give or Honey Badger don't give a
00:02:30
[ __ ] I think he's just living his best
00:02:31
life. Quite frankly, I don't very
00:02:34
different.
00:02:35
>> Oh, you might know more than me. I don't
00:02:37
>> I think they're tonedeaf to what the
00:02:38
what what's going on right now. Gas
00:02:40
prices nearing $5. I think they're
00:02:43
always showing off.
00:02:44
>> They're unaffected gas prices. I get it.
00:02:46
But that's hilarious.
00:02:47
>> No, I don't think honey. We need to cut
00:02:48
back. No more second yacht. They're
00:02:50
they're they're not quiet wealth. Let's
00:02:52
just say apparently he's selling his
00:02:54
yacht. He's selling his yacht.
00:02:56
>> So gossipy. I think this is more about
00:02:58
Well, anyways, I I get the sense the guy
00:03:01
I mean this is this is the journey of
00:03:03
all of them. All of them were like the,
00:03:06
you know, captain of the chess club.
00:03:08
They weren't getting laid a lot. They've
00:03:11
worked their asses off. They're very
00:03:12
smart. They're very talented. They've
00:03:14
been working non-stop. And one day, uh,
00:03:18
the day of the IPO, they went into a
00:03:20
conference room, this, you know, nice,
00:03:23
fairly unattractive guy who had no
00:03:25
sexual currency their whole life, and
00:03:26
they come out and they're the sexiest
00:03:28
man alive.
00:03:29
>> I know. I've had these discussions
00:03:30
>> and they go apehit. And I don't, you
00:03:33
know, and and with with respect to
00:03:35
Bezos,
00:03:37
um, I I get the sense, you know, I get
00:03:40
the sense he's having a great time.
00:03:42
>> I don't know. I just think I think
00:03:44
there's a leaders and our I I'm I'm more
00:03:47
for the quiet if they're going to be
00:03:49
very wealthy. The qu there is a an
00:03:51
argument to be made at this moment in
00:03:53
time in it which is
00:03:55
>> keep it to yourself.
00:03:56
>> Keep it to yourself. So I don't think I
00:03:58
think this doesn't play well and I know
00:04:01
they don't care but they look like
00:04:03
ridiculous. They look like Tom and
00:04:05
Daisy. I'm sorry. I just they just do in
00:04:07
the Gatsby and and it's not a good look
00:04:10
right now because things are really
00:04:11
shifting and I don't mean they have to
00:04:13
pretend they're like living on the
00:04:15
prairie with like one shovel and a you
00:04:17
know in a bucket like that's not what
00:04:19
I'm talking about. It's just a I think
00:04:22
the McKenzie Scots, Lorraine Pal jobs,
00:04:24
the the Melinda Gates, they speak out
00:04:27
appropriately. They're not showing off.
00:04:30
I just I just I don't think it's going
00:04:33
to end well. Anyway, uh we'll see. I'm
00:04:35
coming to London, by the way. I'll be
00:04:36
there tomorrow morning.
00:04:37
>> Yeah, I know you have some dinner, a big
00:04:39
dinner. And
00:04:40
>> yes, you were invited. It's a small
00:04:41
dinner and you will refuse to come, but
00:04:43
that's okay.
00:04:44
>> Well, I was invited to the Met Ball. You
00:04:46
think I said no to the Met Ball, but I'm
00:04:47
coming to your dinner.
00:04:48
>> Yes, I do because who the [ __ ] cares
00:04:50
about the Met. What would you wear to
00:04:51
the Met Ball? Speaking of which,
00:04:53
>> you know, the idea I get anxiety just
00:04:55
thinking about it. I I don't I I'm That
00:04:58
was such an easy in in like oil and
00:05:03
glad. God. Jesus Christ. I just ate.
00:05:07
>> What could What would you wear?
00:05:08
Seriously, what would you If you had to
00:05:10
think of some fantastic costume.
00:05:12
>> I have I literally have absolutely no
00:05:14
idea. I don't
00:05:15
>> You love to dress up. You dressed up as
00:05:17
like at Halloween, you always dress up.
00:05:19
>> Oh, no. I love dressing up in something
00:05:20
outrageous. I love going as as as uh as
00:05:24
Deadpool or Starship Commander Jean Luke
00:05:27
Peard. Huge crowd-pleaser.
00:05:29
>> Okay.
00:05:29
>> I love I went as Luke Star.
00:05:31
>> Not like for a costume met costume.
00:05:33
Yeah, I went as Ted Lasso. Any
00:05:34
opportunity to put on a wig and be
00:05:36
someone different. I absolutely love
00:05:37
that. But to try and look good.
00:05:39
>> Well, you don't have to. Not all of them
00:05:41
do. Sometimes they look kind of crazy.
00:05:44
>> That was the easiest no in the world.
00:05:46
That's like the last thing at some
00:05:48
point. At some point, I lose all
00:05:50
academic credibility. And you know,
00:05:53
something that gets much closer to that
00:05:54
point is showing up the [ __ ] Metall.
00:05:56
>> I wish you would go and wear an I don't
00:05:58
care do you shirt like the Melania
00:06:01
shirt. I wish you would do that. I I
00:06:03
don't like that either. I think if you
00:06:04
get invited to something like that, you
00:06:06
play along and you'd be a good gracious
00:06:08
>> I guess. Um,
00:06:08
>> you know, I don't think you wear a dress
00:06:10
saying tax the rich. I thought that was
00:06:12
I agree with you. Um, I think that's
00:06:14
stupid. You don't go. Um, but you should
00:06:16
go because I need to understand it. I
00:06:18
need you to go in there because I would
00:06:20
never do such a
00:06:20
>> I'm in London and plus I really want
00:06:22
plus I really want to hang out with you
00:06:24
and your friends here. Not true.
00:06:25
>> You are invited. Don't say I don't
00:06:27
invite you. You are
00:06:28
>> I literally have nothing to do. I'm home
00:06:31
alone. I've got the boys this week.
00:06:33
You're off partying with your fancy
00:06:34
friends from the Devil Wears Prada. I'm
00:06:37
home alone with my dogs. That's all I
00:06:39
got to say.
00:06:40
>> You're It's a small dinner. You're
00:06:42
invited. If you'd like to come, it would
00:06:44
be great. Okay.
00:06:46
>> If not, I'm going to find you and see
00:06:47
your house in time. I'm not staying
00:06:50
here.
00:06:51
>> No, they have me at the hotel next to
00:06:52
the thing, but I would usually, but when
00:06:54
I come back, I will. If Are you staying
00:06:56
there now? What's the deal? Uh, I don't
00:06:59
know. Um,
00:07:01
>> oh, okay. The honest answer is a monkey
00:07:04
wrench has been thrown into our plans
00:07:06
because
00:07:06
>> you told me that
00:07:07
>> my youngest who has a habit of doing
00:07:09
this
00:07:10
>> has
00:07:10
>> likes where he is
00:07:11
>> is all of a sudden getting A's. And
00:07:14
>> anyways, I'm going to spend much more
00:07:15
time in the US. A lot of moving parts
00:07:17
here, but which I won't bother with.
00:07:19
>> Let me let me know. Anyway, I will come
00:07:21
by and find you somehow. I'll break into
00:07:23
your house. Um, anyway, let's get to the
00:07:25
news. This is a weird one. As we record,
00:07:27
GameStop and eBay stocks are responding
00:07:29
to real train wreck of an interview from
00:07:31
the GameStop CEO. What a surprise. Ryan
00:07:34
Cohen, who's somewhat of a [ __ ]
00:07:36
sometimes when he talks, announced the
00:07:38
deal of the century over the weekend, a
00:07:40
$55.5 billion unsolicited offer to buy
00:07:43
eBay at $125 a chair, pitching it as a
00:07:46
future rival to Amazon. But then he went
00:07:48
on CNBC's Squawkbox, where our good
00:07:50
friend Andrew Ross Sorcin, our famous
00:07:52
Canadian friend, pointed out the math
00:07:54
wasn't mathing. It was amazingly
00:07:56
awkward. Let's listen.
00:07:58
>> You have $9 billion uh on your balance
00:08:01
sheet. Arguably, if you're if you're
00:08:03
providing uh effectively all of your
00:08:06
stock and then and then the cash that
00:08:09
gets you to 20, you have this letter
00:08:11
from TD, that's another 20. Uh we're now
00:08:15
at 40. Uh but we're still off uh by call
00:08:19
it uh 16. and and the 20 as far as I
00:08:23
understand while it's considered a
00:08:25
highly confident letter meaning TD
00:08:27
saying they're highly confident uh that
00:08:29
they would provide the financing it's
00:08:31
not locked financing.
00:08:34
>> Yeah, we'll see what happens.
00:08:38
Um
00:08:43
I I hear you. I understand that. I'm I'm
00:08:47
just trying to understand where the the
00:08:48
rest of the money would come from.
00:08:52
It's half cash, half stock.
00:08:56
>> I I I'm I hear you. I'm just saying that
00:09:00
that math doesn't get you to the
00:09:03
to the price that you're offering.
00:09:06
>> It got more and more awkward after that.
00:09:08
Um this is just this is a meme stocks.
00:09:10
This guy is such a [ __ ] He's always
00:09:12
trying to get that stupid stock up, the
00:09:13
GameStock thing, and take advantage of
00:09:16
people. So, I don't know. Reminds me of
00:09:18
the the story about poly market and
00:09:21
kalshi. Only the top whatever 0.1% make
00:09:25
money and everyone else loses. But your
00:09:27
thoughts on this ridiculousness?
00:09:29
I love Andrew.
00:09:30
>> This is Well, first off, Andrew did a
00:09:32
great job. I I think Andrew is one of
00:09:34
those You're like this, too. It is very
00:09:37
difficult to ask really piercing hard
00:09:38
questions to make people look stupid
00:09:40
while remaining dignified and not coming
00:09:42
across as an [ __ ] And Andrew is able
00:09:44
to do that. You're able to do that.
00:09:46
Um, this is off off off Broadway
00:09:50
theater, not strategy. This is just so
00:09:54
[ __ ] stupid and such a waste of
00:09:56
oxygen. And a CEO who has I looked into
00:09:59
this, a compensation strategy that says
00:10:02
if you can get GameStop to hundred
00:10:04
billion, you get 35 billion in a
00:10:05
Musklike compensation strategy. So, he's
00:10:08
trying to memeify his stock again.
00:10:12
So, this is noise. it doesn't pass the
00:10:16
most basic smell test. First off,
00:10:18
there's a scale mismatch. eBay is a 30
00:10:21
to40 billion enterprise. GameStop
00:10:23
doesn't have the balance sheet to do
00:10:24
without massive dilution or leverage.
00:10:26
And the stock they would have to offer,
00:10:28
they'd have to issue so much stock that
00:10:30
the stock would immediately go into a
00:10:32
downward spiral. There's no way they can
00:10:34
do this. The strategic fit is then where
00:10:36
both commerce isn't a strategy. eBay is
00:10:39
a two-sided marketplace with with
00:10:41
decades of of liquidity and tens of
00:10:45
millions of customers. GameStop is still
00:10:47
figuring out what the [ __ ] it wants to
00:10:48
be other than trying to become a meme
00:10:50
stock. And then, as Andrew was pointing
00:10:54
out, the financing reality here is
00:10:56
nothing but a bad Iaska trip. Even a
00:10:58
even a partial bid would require issuing
00:11:01
a ton of equity. See above massive
00:11:03
decline in the stock. That's effectively
00:11:05
asking shareholders to fund a a a
00:11:09
ketamine trip. So what's left here?
00:11:12
There's nothing here but signaling to
00:11:14
retail investors. He's trying to say,
00:11:16
"We're bold. We're swinging. Start
00:11:17
taking get someone on Reddit. Get
00:11:19
Roaring Kitty fired up so I can get in a
00:11:22
rational compensation for not actually
00:11:24
adding any [ __ ] intrinsic value to
00:11:27
the market." What he said is, "We're a
00:11:29
melting ice cube." And he's also, in my
00:11:31
opinion, this has backfired. And by the
00:11:33
way, Gamestock stock as we record down
00:11:36
9% today
00:11:39
this is not only I I blame the board
00:11:42
here.
00:11:43
A board of directors are supposed to be
00:11:45
fiduciaries.
00:11:45
>> Is there one? I mean
00:11:47
>> that's a fair point of
00:11:49
>> but this should never have even been
00:11:51
allowed. Real acquisitions, the real
00:11:54
work is done behind the scenes. And if
00:11:56
you're going to make a hostile bid for a
00:11:57
company, you show up with your financing
00:11:58
locked and loaded and it's done. And if
00:12:01
you have to go hostile because they
00:12:02
reject your initial offer, this should
00:12:04
be a one-s sentence response from the
00:12:07
board of eBay.
00:12:08
>> Come on.
00:12:09
>> You are not a serious people. Period.
00:12:11
>> That's it. So, this makes a headline.
00:12:15
This is using financial markets and the
00:12:18
press as you're taking them for clowns
00:12:21
because you got a you got a trip to the
00:12:23
circus in COVID with your meme stock
00:12:26
adventure.
00:12:27
>> Well, he's trying to get it going again.
00:12:28
It's like that Wall Street Journal piece
00:12:30
about who's benefiting from these
00:12:32
prediction markets. And if you don't
00:12:34
know who the sucker in the room is, it's
00:12:35
probably you. It's this is not a real
00:12:38
thing. It is a it's it was it was
00:12:40
showing who makes profits and it's a
00:12:41
small group of people who make all the
00:12:44
profits. Everyone else loses. Thousands
00:12:46
and thousands, whoever's using it. And
00:12:48
so it's you know, you're a you're a
00:12:50
you're a a sucker. There's just it's
00:12:52
just like I don't know why this is
00:12:54
legal. This kind of nonsense. I just
00:12:56
>> Now it's sound 10%. You're allowed to I
00:12:58
don't know if it should it be illegal. I
00:13:00
Here's the bottom line. The market the
00:13:02
market is doing its job. They they say,
00:13:05
"Oh, remember GameStop? Okay, the CEO is
00:13:07
a [ __ ] idiot and he has no he clearly
00:13:09
has no fiduciary oversight and it's
00:13:11
taken his stock down 10%. Today, one
00:13:14
day,
00:13:14
>> right?" Except this has gone on for a
00:13:16
long time, this nonsense. And people
00:13:18
have benefited just like they are doing
00:13:20
over on these predictions market the
00:13:22
certain people who have who are a little
00:13:24
smarter you know supposedly like I think
00:13:27
Chimath was in there remember when it
00:13:28
was going up and up and up GameStop it
00:13:31
just feels like there's they're just
00:13:32
taking poor people's money like that it
00:13:35
just is so grotesque that what they're
00:13:37
doing here
00:13:38
>> I think the memeto movement I I I hated
00:13:42
it. I I got dragged on the internet
00:13:44
because I I said young men should spend
00:13:46
less time on their phone and trading
00:13:48
with this was just stupid.
00:13:49
>> Yeah.
00:13:50
>> The I do think a lot I'd be curious to
00:13:52
know I mean quite frankly the meme stock
00:13:54
movement the whole gestalt of it was
00:13:57
stick it to the man stick it to rich
00:13:58
people.
00:13:58
>> Yeah. But it never and then it became
00:14:00
about a con at
00:14:01
>> right and when any when when you have
00:14:03
the winklevi telling you to stick it to
00:14:05
the man it means you're about to be
00:14:06
impaled as a retail investor. And so I
00:14:09
agree with you that anyone, this is just
00:14:13
pure gambling. It's not speculation.
00:14:15
And and the reality is for for younger
00:14:17
people or people doing this, if you want
00:14:19
to have some fun, it's like Vegas. Fine,
00:14:21
have at it. But the thing is, you got to
00:14:22
steal your phone all [ __ ] day because
00:14:24
the the moves are so wild here. But this
00:14:27
is, in my opinion,
00:14:29
um I think and I don't know if there
00:14:32
should be regulation here. It's free
00:14:34
speech. But the question is, should you
00:14:37
be able to should you be able to have
00:14:40
this kind of impact on the markets,
00:14:41
which I don't think it has when you make
00:14:44
offers that are not in any way
00:14:45
realistic. In other words, is this
00:14:47
market manipulation? Is it trying to do
00:14:49
something,
00:14:49
>> right? That's what I mean. Yeah.
00:14:50
>> With absolutely no serious intent
00:14:54
>> of uh of I wonder what's happened to
00:14:57
eBay stock price.
00:14:58
>> God, that's a company that
00:14:59
>> Let's just thank Andrew, our favorite
00:15:01
Canadian, Andrew Rossin, for like
00:15:03
slapping this guy. Uh he's really
00:15:05
polite. I'd be like I'd be like at this
00:15:06
point after he says have cash stock I go
00:15:09
you [ __ ] [ __ ] That's would be my
00:15:10
next line. He's like the math doesn't
00:15:13
work.
00:15:14
>> eBay stocks up 5%. That's really
00:15:16
interesting.
00:15:16
>> Well well that you know that's been a
00:15:18
long sort of troubled company, right? It
00:15:20
it seems like an opportunity for
00:15:22
someone. Anyway, we'll see.
00:15:23
>> It's a great brand. Everybody knows it.
00:15:25
>> I wrote one of the first stories about
00:15:26
it. Um I remember meeting with the
00:15:28
venture capitalists. They were at what's
00:15:31
that firm? Benchmark. It was all the
00:15:33
handsome benchmark men. It was just it
00:15:35
was me across from six tall white men.
00:15:39
Tall white men and they were telling me
00:15:41
about eBay. And I know Pierre a little
00:15:43
bit who I like very much who founded it.
00:15:45
Um anyway, uh oh, it's had it's had a
00:15:47
rocky it sort of missed a lot of turns.
00:15:49
Um in any case, um let's move on. The
00:15:52
Supreme Court just temporarily blocked a
00:15:54
lower court's ban on the abortion pill
00:15:58
being sent through the mail. Two
00:15:59
pharmaceutical companies had filed an
00:16:01
emergency appeal warning the lower
00:16:03
courts ruling could create chaos and
00:16:05
leave pa patients around the country in
00:16:07
limbo. Medication is now the method used
00:16:09
in nearly twothirds of abortions in the
00:16:11
United States. The FDA approved the drug
00:16:13
in 2000. Experts say it's safe and
00:16:16
effective. Um we're going to be talking
00:16:18
more about the midterms in a bit, but is
00:16:19
this a fight that Trump and the
00:16:20
Republicans want to have right now? As
00:16:22
Melinda French Gate said on threads,
00:16:24
everyone deserves health care that's
00:16:26
guided by science, not politics.
00:16:29
Melinda, Melinda for the win. FTW
00:16:33
thoughts? Well, I'm just going to refer
00:16:34
to it as Mton.
00:16:36
Mton is an enormous breakthrough. It's
00:16:40
used by millions of patients worldwide.
00:16:42
It's one of the most studied and safest
00:16:44
medications on the market. Serious
00:16:46
complications are very rare. The safety
00:16:49
profile is comparable or safer than many
00:16:51
common prescriptions. It's effective. It
00:16:54
reduces the need for more invasive
00:16:56
procedures. It not it expands access,
00:16:59
especially in underserved areas. It, you
00:17:02
know, earlier care, safer outcomes. It's
00:17:05
consistent with medical authority and
00:17:07
standards. Uh the legal consistency
00:17:10
argument doesn't hold up here. Other
00:17:11
medications with higher risk profiles
00:17:13
remain legal. Singling this one is often
00:17:16
just inconsistent. Well, it's because
00:17:18
it's working. The anti-abortion
00:17:20
activists, that's why.
00:17:21
>> But this is this is what again, this is
00:17:23
what is so macious and unamerican.
00:17:27
>> Rich people don't need government. I I
00:17:30
don't I I I have benefited enormously
00:17:33
from standing on the shoulders of other
00:17:35
people and taxpayers, assisted lunch,
00:17:37
University of California, rights, rule
00:17:40
of law, the SEC, all these things I've
00:17:42
benefited from. Now that I have wealth,
00:17:45
I don't need the government. I have my
00:17:47
own transportation. I have my own
00:17:48
security. I have my own schools. I have
00:17:51
my own healthcare. The people who need
00:17:53
government the most are the most
00:17:55
vulnerable among us. And just when the
00:17:58
government needs to step in and protect
00:18:00
a 15-year-old non-white woman in the
00:18:02
South from something that could
00:18:05
impoverish her for her lifetime,
00:18:07
traumatize her, put her in real uh
00:18:11
serious health risk. That's who they go
00:18:13
after. This isn't I've even said the the
00:18:15
anti-abortion movement is not a war on
00:18:18
women. It's a war on poor women. This is
00:18:22
who needs this? Who is this a
00:18:23
breakthrough for? The people who don't
00:18:25
have the resources or quite frankly the
00:18:27
sophistication to get on a plane and go
00:18:29
to a a a clinic to get an abortion in a
00:18:32
state where it's legal and they stain
00:18:34
them when they're b after they're born.
00:18:36
>> They can make this illegal.
00:18:38
>> Yeah.
00:18:38
>> You and I would have no problem getting
00:18:40
it.
00:18:41
>> None. This is government at its worst.
00:18:45
At its worst, this is not protecting the
00:18:47
people who need government and laws the
00:18:49
most. This is there is there is no no
00:18:54
medical, no moral, no in my opinion
00:18:57
reason to do this.
00:18:58
>> You get why they want no abortions
00:18:59
whatsoever.
00:19:00
>> I get that. But when you But here's the
00:19:04
bottom line.
00:19:06
They want abortions, but only on the
00:19:08
down low for if and when it happens to
00:19:11
one of their friends. You're not into
00:19:13
abortion that don't have an abortion.
00:19:15
But I think you would find that that the
00:19:18
one of the reasons that people are a lot
00:19:21
of people, especially wealthy
00:19:23
anti-abortion people, have no empathy
00:19:25
for this is they know if [ __ ] ever gets
00:19:27
real for them or anyone in their family,
00:19:29
they can figure it out. And so I find
00:19:33
this I find efforts to do away with this
00:19:35
drug is a gift.
00:19:37
>> Yeah. Well, the Supreme Court has just
00:19:39
temporarily though this is just a
00:19:41
temporary.
00:19:41
>> Well, my understanding is as we were
00:19:42
speak just a couple hours ago, they've
00:19:44
temporarily halted the ban or blocked
00:19:46
the ban. Yeah. But this also a
00:19:48
>> temporary block.
00:19:49
>> This also goes back to
00:19:52
um you know what I think a lot about
00:19:54
young men and the number one reason
00:19:57
a lot of I think it's most women who
00:19:59
have terminate a pregnancy go on to have
00:20:01
children. One of the top reasons stated
00:20:03
by women u as to why they terminate a
00:20:06
pregnancy is lack of partner support
00:20:09
>> right or the money or the money. If
00:20:12
you're really serious, and by the way,
00:20:14
since if you're if you're really serious
00:20:16
about reducing the number of pregnancies
00:20:18
terminated, then we need economic
00:20:19
policies and we need more men my age to
00:20:22
get involved in young men's life and
00:20:23
instill a set of values such that we
00:20:24
produce more economically and
00:20:26
emotionally viable men.
00:20:27
>> This is true. But they don't like them
00:20:28
once they're born, Scott. They don't
00:20:31
like them. They don't like these people
00:20:32
once they're born.
00:20:33
>> Well, that's a different issue. What I'm
00:20:34
saying is
00:20:35
>> Well, I I get that. But we're talking
00:20:38
past each other right now. I'm talking
00:20:39
about if you were serious about reducing
00:20:41
the number of of of of abortions, you
00:20:44
would figure out a way such that there
00:20:46
were women who felt they had more
00:20:48
reliable partners. If you want more kids
00:20:51
and you want fewer abortions, we need to
00:20:53
produce a new generation of more
00:20:56
responsible, economically viable young
00:20:58
men.
00:20:58
>> Yeah.
00:20:59
>> And and you're right. Once it the same
00:21:02
people who are most rapidly
00:21:03
anti-abortion tend to be the same ones
00:21:05
who don't want universal child care
00:21:08
>> or give them money or they disdain them
00:21:10
or they're you know everything. It's
00:21:12
just it makes no sense. It's it makes no
00:21:15
and then they're the most for the death
00:21:17
penalty and you're sort of like where is
00:21:19
the consistency here in any way?
00:21:22
>> Well that joke if you want to save
00:21:23
someone from the death penalty just
00:21:24
shove her up a woman's uter uterus.
00:21:26
Shove them up a woman's uterus.
00:21:29
>> Oh my god. I can't believe I laughed at
00:21:31
that. That's kind of funny. Um, anyway,
00:21:34
let's look, I hope it's not it's not
00:21:36
just a temporary ban. I hope the Supreme
00:21:38
Court, you know, gets slapped since
00:21:40
they've had some very dicey and horrible
00:21:43
rulings recently around the Voting's
00:21:45
Rights Act, but this is something that
00:21:46
is just ridiculous. It's bad for
00:21:48
companies. It's bad for people. Um, the
00:21:50
abortion foes have won enough, I feel
00:21:53
like, but they won't. They won't.
00:21:54
They'll keep going. Um, okay, let's go
00:21:56
on a quick break. when we come back, how
00:21:59
AI is upending the midterms.
00:22:01
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00:22:53
Scott, we're back. With six months to go
00:22:55
until the midterms, AI regulation has
00:22:57
become a hot button issue and the money
00:22:59
is pouring in. At AI super PACs are
00:23:01
taking a page out of the crypto
00:23:03
playbook, which worked rather well,
00:23:04
spending millions to influence
00:23:06
elections. They're backing both
00:23:08
Democratic and Republican candidates.
00:23:10
Uh, whoever is more friendly to AI and
00:23:12
big tech. The biggest pack leading the
00:23:14
future is funded in part by Andre
00:23:16
Horowitz and OpenAI co-founder Greg
00:23:18
Brockman. On the other end, there's the
00:23:21
public first action, a pack backed by 20
00:23:24
uh million donation from Anthropic and
00:23:26
tech billionaire Chris Larson is putting
00:23:28
up 3.5 million in New York to back
00:23:31
Democratic congressional candidate
00:23:33
candidate Alex Boris who supports AI
00:23:36
regulation. This I was texting with
00:23:38
Chris about this um the other day and
00:23:40
also Alex. Um let's take a look at the
00:23:43
ad that Larsson's pack just launched.
00:23:46
>> Oscar, what is wrong? You think you know
00:23:48
what they're watching, but with AI, they
00:23:51
can land on anything. Violence, child
00:23:54
sexual abuse, and predators. Who would
00:23:57
be against AI safety laws? Open AAI, the
00:24:01
company behind Chachi PT. They're
00:24:03
attacking Alex Boris for writing the
00:24:05
toughest AI safety law in the country.
00:24:09
Don't let Open AI shut down child
00:24:11
safety. You can push back is responsible
00:24:13
for the content of this advertising. It
00:24:16
>> It's an interesting ad. And from a
00:24:17
marketing perspective, it's an
00:24:18
interesting way to counter child safety
00:24:20
is the number one uh the number one uh
00:24:24
thing that people are all bipartisan
00:24:26
about and and and also AI increasingly.
00:24:29
Um and just for speaking of AI
00:24:32
legislation, the Senate Judiciary
00:24:33
Committee just advanced a bill that
00:24:34
would require AI companies to implement
00:24:36
age verification process. It would also
00:24:38
uh ban miners from using AI chatbot
00:24:41
companions. Um I'm not sure this will um
00:24:45
will pass. Um and at the same time the
00:24:47
Senate just unanimously passed a ban on
00:24:49
prediction market trading for senators
00:24:51
and their staffers effective immediately
00:24:52
smart. Calcian and poly market both
00:24:54
praised the Senate's move. Um the Senate
00:24:57
minority leader Schumer called it a
00:24:59
no-brainer saying must never allow
00:25:00
Congress to turn into a casino. Here the
00:25:03
White House to follow suit. Of course
00:25:04
the White House has already warned staff
00:25:06
about betting on the Iran war but I
00:25:08
doubt they'll go for a full ban. And
00:25:10
again, the White House is probably in
00:25:11
the way of any of this AI legis even the
00:25:14
safety stuff passing because they're in
00:25:16
the pocket of the AI industry. So
00:25:18
thoughts on on this effort by um Chris
00:25:21
who was Chris was a tech billionaire at
00:25:23
a company. He's really interesting. He's
00:25:25
been very involved in San Francisco
00:25:26
politics, but this was interesting for
00:25:28
him to sort of go against these pro- AAI
00:25:31
packs which are led by essentially Mark
00:25:33
Andrees and his gang, his mob. Um
00:25:36
thoughts on this?
00:25:38
Well, it's just it's feeling a vacuum.
00:25:41
It feels as if there should be federal
00:25:43
legislation. What what I find most
00:25:45
interesting is I think that the entity
00:25:48
or the part the touchstone or the the
00:25:51
visible object or the cudel, whatever
00:25:53
you want to call it, is going to be data
00:25:54
centers. And what's interesting about AI
00:25:57
is that your approval of AI the two
00:26:02
brands that have in registered the
00:26:04
greatest brand destruction have been the
00:26:05
US abroad over the last few years. We
00:26:08
used to be the enforcers protecting
00:26:09
people of the west from rogue nations.
00:26:11
Now we are that rogue nation. And uh AI,
00:26:15
the brand AI has just taken an absolute
00:26:17
nose dive because the only population of
00:26:19
the cohort where that where AI has over
00:26:22
50% approval is people making over
00:26:24
$200,000 a year. Because if you're
00:26:25
wealthy, you see AI as powering your
00:26:28
401k, an opportunity to make money. You
00:26:30
may use it at work. You feel pretty
00:26:33
secure about your job. But what a lot of
00:26:36
um lower-income people think is that AI,
00:26:39
the only visible representation of AI is
00:26:41
a data center that's going to send their
00:26:42
electricity rates up while private
00:26:45
companies that they don't even have
00:26:46
access nor the money to participate in
00:26:48
boom in value. I think data centers are
00:26:50
going to be ground zero for this battle.
00:26:52
>> Yeah, it's one of them. I think a lot of
00:26:54
it I think people just have like a a a
00:26:57
real antipathy towards AI at this point.
00:27:00
Even if it's it's a good thing in some
00:27:02
ways, right? I think they really, you
00:27:04
know, these packs, they'll work, they'll
00:27:06
work day and night. The same thing with
00:27:08
the crypto industry, you know, which had
00:27:10
sort of a faint distasteful
00:27:13
aroma to it. Um, and it really but it
00:27:15
still was effective with all the
00:27:17
millions they're spending all over. And
00:27:19
by the way, Musk is part of this.
00:27:20
They're all trying to stop it. It's
00:27:22
interesting that Anthropic is on the
00:27:23
other side or Chris Larson's on the
00:27:25
other side. So, there's a lot of tech
00:27:27
billionaires um lining up to to stop
00:27:30
that. And I it's it's not good for
00:27:31
anyone. Alex Boris is a really
00:27:33
interesting candidate. He's in that part
00:27:34
of Manhattan. I think it's uh Jack
00:27:36
Schlloberg, George Conway are all
00:27:39
there's a whole pack of people running
00:27:40
in that area. Um and Alex is trying to
00:27:43
sort of stick his head up as the Mr. AI
00:27:45
regulator, but it'll be uh it'll be an
00:27:47
interesting case of who wins here. A lot
00:27:49
of people think the candidates or the
00:27:51
party that is sort of sort of vaguely
00:27:55
anti-AII has a better chance in the
00:27:57
midterms. I don't know if you think
00:27:58
that's so, but there there is
00:28:00
legislation. It's just that this this um
00:28:03
administration is just not going to pass
00:28:05
any of these laws because they're
00:28:06
they're getting so much money from the
00:28:08
AI companies. I don't see them. That's
00:28:10
the only people they ever have at the
00:28:11
White House are AI people. Never have a
00:28:14
critic. Never have anybody who's against
00:28:16
it.
00:28:16
>> There was this great Hugh Grant Nicole
00:28:18
Kidman show called The Undoing where
00:28:19
they're trying to solve a murder and the
00:28:22
defense attorney says, "People hire me
00:28:24
to um create muk." And that's what's
00:28:26
going on here. I think that's what the
00:28:29
the AI guys are going to do. I think
00:28:30
they're just going to create a ton of
00:28:31
confusion around this
00:28:33
>> and make it difficult to pass anything.
00:28:35
And also, they have the money. My
00:28:37
understanding is they've already
00:28:39
>> pledged about a quarter of a billion
00:28:41
dollars. And just for reference, leading
00:28:42
up into the 22
00:28:44
>> midterms, pharma spent
00:28:46
>> 26.
00:28:47
>> No, this is I'm using 2022 just as a
00:28:50
benchmark.
00:28:51
>> Oh. Oh, okay. Got it.
00:28:52
>> But the pharma lobby spent 380 million.
00:28:54
Insurance spent 159. real estate spent
00:28:57
139. I think you're going to see far
00:28:59
more than that spent by the pro AI
00:29:02
lobby. I think it's going to be sort of
00:29:05
uh they'll try to couch it as we're
00:29:08
we're for safety and children. We need
00:29:10
to do this thoughtfully and the anti- AI
00:29:14
will be a grassroots and it'll be
00:29:16
focused on data centers. They're
00:29:17
environmentally damaging to us. they not
00:29:21
creating any jobs and all they're going
00:29:22
to do is send your already soaring
00:29:24
energy costs even higher,
00:29:26
>> right?
00:29:26
>> Um, so I it's gonna be it's it's going
00:29:29
to be an interesting
00:29:31
it's going to be an interesting proxy
00:29:33
for how people feel about AI and
00:29:34
technology.
00:29:35
>> I I don't know. I feel like it goes back
00:29:37
to the Bezos thing is they're trying
00:29:40
nobody likes them anymore. Like they
00:29:42
have become villains. They are villains
00:29:44
now. And so I no matter how much money
00:29:46
they spend, people are like I I can't
00:29:49
tell you how many people come Scott
00:29:50
really interestingly over the past week
00:29:54
people have come up to me and said thank
00:29:56
you to you and I for being at least
00:29:59
critical in a smart way like very you
00:30:01
know not just screaming about it but
00:30:03
explaining it. Um, I just feel like
00:30:06
these are villains now and they can
00:30:08
spend as much money as they want, but I
00:30:10
don't think it's going to I think people
00:30:12
in their heart feel very nervous about
00:30:14
it and very very distrustful. And I know
00:30:17
it doesn't correlate with how much money
00:30:19
like the Prada was, but the story is
00:30:21
about corporations [ __ ] you, tech
00:30:25
companies [ __ ] you. That's really
00:30:27
what it's about. And I think and it was
00:30:29
it did it in a very subtle way. Um, but
00:30:32
it's they've got I'm not so sure it's
00:30:35
going to work. And the same thing with
00:30:36
these the prediction markets. As much as
00:30:38
they're interesting, everyone's got a
00:30:40
little funny feeling about it. I mean,
00:30:41
obviously the Senate, nobody in the
00:30:43
Senate should should be on prediction
00:30:45
markets if they have information
00:30:48
>> trading. Well, both. You're right. Um,
00:30:50
the prediction market is even worse on
00:30:52
some level because it's like, let's bet
00:30:54
on the war. Let's bet on death
00:30:55
essentially. Um, and and it should be
00:30:58
the White House. It should be the the
00:31:00
House. It should be all of them. It's
00:31:02
not free speech. It's you have unique
00:31:05
information. You're there for the public
00:31:07
service. And while you're there, you're
00:31:09
not going to be gambling essentially,
00:31:11
which is what I think it is.
00:31:13
>> We look there's two issues here. One,
00:31:15
and we'll come back to this. One is how
00:31:16
the general public feels about AI and
00:31:18
how the brand has eroded dramatically.
00:31:20
And then there's in my view, we should
00:31:23
follow the Singapore model. An entry-
00:31:24
level minister earns the equivalent of
00:31:27
$800,000
00:31:28
and $1.7 million US for a prime
00:31:31
minister. The objective of our elected
00:31:33
representatives, the incentive should be
00:31:35
you are there to make Americans
00:31:36
wealthier, not to enrich yourself. And
00:31:40
what Americans see right now around AI
00:31:42
is the following. It's making a lot of
00:31:44
people a lot of money, but the only
00:31:46
thing I see is risk peril according to
00:31:49
these guys. And my electricity costs are
00:31:52
going to go up. So, I'm supposed to like
00:31:54
this. Oh, and by the way, the the the
00:31:56
ultimate poster child for bid tech for
00:31:58
tech in this age is Musk.
00:32:00
>> Yeah.
00:32:00
>> And he does not acquit himself. Well,
00:32:03
>> no, he does not.
00:32:03
>> So, it used to be it used to be Gates
00:32:05
was a little bit awkward. It used to be
00:32:07
and then went on to I think I think get
00:32:10
very concerned about public health and
00:32:12
in developing nations. Steve Jobs at a
00:32:14
minimum was was likable and seen as a
00:32:16
visionary. The new spokespeople for tech
00:32:20
are Musk, Altman, right? Um I don't even
00:32:25
think Bezos he was kind of left. No,
00:32:27
don't you think he's kind of left?
00:32:29
>> I think people think of himm I think he
00:32:31
looks like, you know, Daddy Warbucks
00:32:34
except not nice to Annie. And then
00:32:36
unfortunately or not fortunately or
00:32:38
unfortunately the other person at the
00:32:40
center of this that's that's identifying
00:32:42
or marking the age around technology
00:32:44
because he was so close to so many of
00:32:46
them is Epstein. So what do you have?
00:32:49
You have increasing electricity costs
00:32:52
wealth wealth accretion that you're not
00:32:54
participating in peril that supposedly
00:32:58
the inventors of this [ __ ] think is
00:33:00
everywhere. Oh, and let's add in a dash
00:33:02
of pedophilia.
00:33:04
Welcome to big tech. Like who are the
00:33:07
her who are I mean do maybe Dario Amade
00:33:10
who who are the heroes here that are
00:33:12
supposed to be
00:33:13
>> Cuban. Daario
00:33:15
>> Do you think Cuban's associated with
00:33:17
technology?
00:33:18
>> I do. I do. I'm just saying but I think
00:33:19
he's not he's not associating with it.
00:33:22
I'm just saying there are better better
00:33:23
heroes here. Like I would say Asatcha
00:33:25
Nadella could fill that role. Um Tim
00:33:29
Cook could have except now he looks like
00:33:30
somewhat of a Chad. Um,
00:33:33
you know, I don't I agree with you. I
00:33:35
think I've never seen such a thing
00:33:36
happen. I mean,
00:33:37
>> just 10% of Americans are more excited
00:33:40
than concerned about AI. As of March,
00:33:43
uh, twothirds of Americans have not have
00:33:46
not much or no exposure to AI at work.
00:33:48
Twothirds of Americans think that AI
00:33:50
will eliminate more jobs than it
00:33:51
creates. Less than a third of Americans
00:33:53
trust AI. And 77% of Americans think AI
00:33:56
poses a threat to humanity. So, okay.
00:34:00
Threat to humanity,
00:34:02
>> but my electricity costs are going up.
00:34:04
>> Yeah.
00:34:04
>> So, I'm living here.
00:34:06
>> I'm kills us.
00:34:08
>> I can barely afford gas.
00:34:10
>> Yeah.
00:34:10
>> I don't have my affordable care
00:34:12
subsidies,
00:34:13
but the but Open AI is raising money at
00:34:16
$850 billion to to fund something that
00:34:18
supposedly is a threat to humanity. What
00:34:20
do you know? People aren't excited about
00:34:22
AI. They've done th this is the worst
00:34:25
managed brand in a long time. I don't
00:34:27
know what they can do to get it back. I
00:34:28
really don't at this point. We'll see if
00:34:30
they can't, but they're just all such
00:34:32
every time they open their mouths. I
00:34:34
think they should stop talking. That's
00:34:35
my feeling. Anyway, we need to go on a
00:34:37
quick break. And when we come back,
00:34:38
Apple is sitting on a ton of cash. Might
00:34:41
they use it to make a big acquisition
00:34:43
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Code pivot.
00:37:10
Scott, we're back. We have to talk about
00:37:12
Apple's latest earnings and what they
00:37:14
mean for the company's future strategy.
00:37:15
They just had their best March quarter
00:37:17
ever, beating expectations with 111
00:37:21
billion in revenue, up 17% from last
00:37:24
year. iPhone is still the engine. 57
00:37:27
billion in sales, up 22% in their
00:37:29
services business. That's iCloud, Apple
00:37:31
TV, and subscriptions. Just hit an
00:37:33
all-time record of nearly 31 billion.
00:37:36
But the company also announced it's
00:37:37
abandoning its net cash neutral target.
00:37:40
Some analysts say this is a signal that
00:37:42
Apple's about to make uh a major AI
00:37:44
acquisition, possibly the AI startup
00:37:47
Perplexity, which has struggled compared
00:37:48
to the others, but uh and have a range
00:37:51
of issues around it. um talk about
00:37:54
should Apple buy into the AI uh
00:37:57
business? Um first, what do you what do
00:37:59
you think about this?
00:38:00
>> Well, first off, this really is sort of
00:38:02
a a run through the tape high five, you
00:38:06
know,
00:38:06
>> nice last quarter for Tim C.
00:38:08
>> Yeah. Yeah. Uh best Q1 ever, revenues of
00:38:11
111 billion, up 17% year-on-year,
00:38:14
beating Wall Street estimates of 109
00:38:16
billion.
00:38:17
>> The stocks trading up 3% after hours.
00:38:20
They one of the things I love about
00:38:22
Apple is they've figured out we're a
00:38:23
mature company. We're not a growth
00:38:25
company. We're still growing, but we're
00:38:27
going to return um money to
00:38:30
shareholders. They do it through
00:38:31
buybacks. They just announced hundred
00:38:33
billion dollar share buyback. They've
00:38:35
raised their dividend 4% to 27 cents per
00:38:38
share. iPhone revenue rose 20 22% in the
00:38:42
quarter with Cook calling the iPhone 17
00:38:44
lineup, which I wasn't a fan of. I gota
00:38:45
I got to own that. The most popular in
00:38:48
our history. got that one wrong. The
00:38:50
revenue was constrained by supply
00:38:51
issues. Q3 guidance revenue growth of 14
00:38:55
to 17% year on year and the new CEO
00:38:59
joined the earnings call and was
00:39:00
introduced by Cook uh which was the
00:39:02
first time I think um first appearance
00:39:05
since the transition was announced. He
00:39:08
praised Apple's financial discipline
00:39:09
under Cook. And the thing I love I
00:39:13
respect so much about Apple is that
00:39:15
companies typically have a tough time
00:39:17
acknowledging they're no longer a
00:39:18
teenager and they stuff their face with
00:39:19
Botox and fillers and they don't want to
00:39:22
they don't want to act like a mature
00:39:24
company and be very disciplined which
00:39:26
goes to your question around AI. I
00:39:30
personally think and watch by the time
00:39:32
this airs they'll announce they've
00:39:33
acquired perplexity. I think Apple's
00:39:35
culture is so strong that they've
00:39:37
decided that they are not an inquisitive
00:39:39
company that they don't like acquiring.
00:39:42
They they've made fewer acquisitions
00:39:44
than any company of their size.
00:39:46
>> And I wonder
00:39:47
>> the headphone company's the last one I
00:39:49
remember
00:39:50
>> Beats, right? But in my view,
00:39:53
what they've decided is similar to the
00:39:55
search wars, let's return. Let's not
00:39:58
let's not engage in the I AI wars. It's
00:40:01
too expensive. There's too much capital
00:40:03
in it. Let's continue to be the arbiter,
00:40:06
the toll
00:40:08
um in custody of the billion most
00:40:11
attractive consumers in the world.
00:40:12
>> Like with maps, the way they got out of
00:40:14
sort of got out of maps,
00:40:15
>> they get and they manage and granted
00:40:17
there's been antitrust action against
00:40:19
it, but they managed to get a $20
00:40:20
billion licensing fee to be the default
00:40:22
search engine from from Alphabet. I
00:40:24
wonder if they're going to say, "Look,
00:40:26
we'll use AI to improve our targeting
00:40:28
and improve our Apple Music, but we're
00:40:31
going to at some point have an auction
00:40:33
and auction off Access as the default
00:40:35
LLM and they're going to get tens of
00:40:38
billions of dollars.
00:40:39
>> They buy something and just because this
00:40:41
this is sort of the heart, whatever you
00:40:43
think of AI, it is at the heart of your
00:40:45
services. You can't just like it's not
00:40:47
you can't vendor it like you would um
00:40:50
search or um or map. Search has been
00:40:53
pretty central.
00:40:54
>> Yes, but it's not that. There's a whole
00:40:56
bunch of things you do on an iPhone
00:40:58
that's not just searching. And you don't
00:40:59
use search internally on the phone. You
00:41:02
use it when you go outside. That's what
00:41:04
they use Google for for your for your
00:41:06
browser. They don't do it. They don't
00:41:08
power the search inside of Apple. They
00:41:10
have to have a AI company. They just do.
00:41:13
They need it to integrate the way Google
00:41:15
has done with Gemini. They need one. I
00:41:17
think they have to buy one. Um because
00:41:20
they're not going to be able to build
00:41:21
it. They keep having people leave who
00:41:23
running AI. It's just there's not enough
00:41:25
action happening there um for people to
00:41:27
stay.
00:41:27
>> So you think it'll be an aqua hire or do
00:41:29
you think they'll actually offer it as a
00:41:30
service?
00:41:31
>> No, I think it'll be integrated into
00:41:33
their services. It'll the way Gemini is.
00:41:36
I mean there is a Gemini separate
00:41:38
service, but most most of the usage of
00:41:40
Gemini is within the search engine,
00:41:42
right? Into their current product. I
00:41:45
don't think people necessarily like like
00:41:47
I go out when I want to use AI and go to
00:41:50
claw, right? And and sometimes I get it
00:41:53
in Gemini, but Gemini is not quite
00:41:56
specific enough and I don't want to pay
00:41:58
for it and I don't want more
00:41:59
relationship with Google and probably
00:42:01
one of and Claude is better for me at
00:42:03
least. So I think they have to have
00:42:05
something they integrate into their
00:42:07
business for lots of reasons. And then
00:42:09
they could also say if you want to do
00:42:12
something outside like with search we
00:42:14
have a deal with opening I think they
00:42:16
did have some sort of deal anyway I
00:42:18
think they they buy something I don't
00:42:20
>> to be serious in AI
00:42:21
>> right
00:42:22
>> involves this this capex you see Apple's
00:42:25
complexion and shareholders is Apple
00:42:28
shareholders have gotten their lips
00:42:29
wrapped around the crack cocaine of
00:42:31
profits you start waiting
00:42:33
>> I'm not talking about a customer service
00:42:35
a consumer service I'm talking about
00:42:37
integrated into their other services.
00:42:40
They need to have some some ability to
00:42:42
do that.
00:42:43
>> But why I guess my question is the
00:42:45
following. Why anthropic and open AI
00:42:48
both get public? One, you know, both of
00:42:50
them call it a trillion dollars.
00:42:53
Uh the new co shows up and says who
00:42:55
wants to be the default AI for Apple
00:42:57
products?
00:42:58
>> Yes, but for Apple products externally,
00:43:00
not internally, they need to have
00:43:02
>> they need I I agree. They need to have
00:43:03
AI competence,
00:43:05
>> right? And that's why they need to buy
00:43:06
something like perplexing
00:43:08
>> because you don't think they can recruit
00:43:09
the people to build that.
00:43:10
>> I can't. They have lost people. You go I
00:43:12
I don't pay attention to every turn of
00:43:14
the screw with all these AI people
00:43:15
moving around, which they do like a lot,
00:43:18
but they've lost quite a few people
00:43:19
running. It's just not it's not where
00:43:21
the action is. And so the they're going
00:43:23
to go and so they have to have a
00:43:25
competence by having a like a perplexity
00:43:27
to run the internal stuff that you don't
00:43:30
see necessarily. And then for a consumer
00:43:33
service, it's just like with search,
00:43:34
there's search in Apple that's not
00:43:36
Google, but then they go and get it for
00:43:38
the external stuff for customers where
00:43:41
it's like, why should we pay for a
00:43:42
really robust search service? It just
00:43:45
doesn't make sense. Why should we pay
00:43:47
for a map? I mean, they still have maps.
00:43:48
That's not true. But mostly it's Google
00:43:50
maps, right? They that's who they get a
00:43:53
big chunk of money from and that's who
00:43:54
their default is or default browser.
00:43:57
Here we have, you know, the Google
00:43:58
browser essentially. And so that kind of
00:44:01
stuff, it's like why bother doing that?
00:44:02
This is integral to their how they get
00:44:05
you songs. How they get you they can't
00:44:07
have open AI give you song information.
00:44:10
It just doesn't make they need to do it
00:44:12
themselves certain things. That's my
00:44:14
feeling.
00:44:15
>> Yeah. I I I find the product I haven't
00:44:19
you know I pull up I'm now running
00:44:22
running and doing more zone two exercise
00:44:25
but
00:44:25
>> good.
00:44:26
>> Yeah I know. Thank you. And then but I
00:44:28
do um when I bring up Spotify, they have
00:44:30
that AI DJ.
00:44:31
>> I'm trying to think you think that Apple
00:44:34
needs AI. How would that manifest in the
00:44:37
customer consumer experience?
00:44:38
>> You don't see it. You don't just the way
00:44:40
when you go to search right now with
00:44:41
Gemini, it's there, right? It says this
00:44:44
is the Gemini. You don't even have to
00:44:45
tell me. It's just just search. Like I
00:44:47
don't know why they have to.
00:44:48
>> When I'm on Apple phone, though, I use
00:44:49
Google search,
00:44:51
>> right? But internally as they they serve
00:44:54
up all manner of things to you they
00:44:56
they're using Apple techn they just need
00:44:58
to own they need to have a basic level
00:45:01
of competence in AI to serve much of
00:45:04
their stuff and then the external stuff
00:45:06
they can get piles of money from
00:45:08
whatever company I bet it'll be claude
00:45:10
that's my guess but they need to own
00:45:12
something so if only to maintain those
00:45:15
relationships right to under I just
00:45:17
don't think they can be without AI
00:45:19
expertise but they don't need to offer a
00:45:22
consumer service. They're never going to
00:45:23
offer a consumer service. It's not their
00:45:25
strength anyway. Their strength is their
00:45:26
ecosystem. Anyway, we need to move on.
00:45:29
But the Pentagon just made a slew of AI
00:45:31
deals. Speaking of, this is an AI week
00:45:33
here. Um Jeff Bezos's tuxedo and AI
00:45:36
dudes. Um announcing last week that it
00:45:38
reached agreements with Amazon,
00:45:40
Microsoft, Nvidia, Oracle, and a startup
00:45:42
called Reflection to use their
00:45:43
technology for quote lawful operational
00:45:46
use. Uh I don't trust them at all. These
00:45:49
companies join XAI, OpenAI, and Google
00:45:51
in providing Pentagon Pentagon with AI
00:45:53
tools. The Pentagon says these
00:45:55
agreements will accelerate
00:45:56
transformation toward making the US
00:45:58
military an AI first fighting force.
00:46:00
Notably, Anthropic is still out of the
00:46:02
mix despite that recent productive
00:46:04
meeting at the White House. Just last
00:46:06
week, Defense Secretary Pete Hegath
00:46:08
called Anthropic CEO Daario Amodi an
00:46:11
ideological lunatic. Uh he's such a
00:46:13
[ __ ] um you know this they should
00:46:16
spread around the wealth here but and
00:46:18
not just rely on one company obviously
00:46:20
and let them fight it out but I think
00:46:22
nonetheless from what I understand from
00:46:25
everyone who works in government Claude
00:46:26
remains the top player here and it's
00:46:29
it's stupidity on the well it's kind of
00:46:32
saying things twice stupidity on the
00:46:34
behalf of Pete Hexat you have to assume
00:46:36
he's smart in the first place which he
00:46:37
isn't I think he's going to be out I I
00:46:40
have this feeling he's out
00:46:42
>> I do I don't know why I just was like,
00:46:44
"Oh, he's going to get rid of him. He's
00:46:46
too much of a [ __ ] He's such a like I
00:46:48
know he looks the part and he's like
00:46:49
does his chest puffy thing for Donald
00:46:51
Trump, which he likes, but I just think
00:46:54
he's I think the knives are out for this
00:46:55
guy cuz he's such an I just can't figure
00:46:57
out which one they're going to get
00:46:58
first. Patel or uh and by the way, SNL
00:47:00
did a great job on both of them this
00:47:02
week." Um
00:47:03
>> Oh my god, did you see
00:47:06
Patel and of course Colin Jo as Pets is
00:47:10
just fantastic. Um, but I think he's a
00:47:13
[ __ ] and it's fine to have all these
00:47:15
people come in and do this stuff. Sure,
00:47:16
why not? It just seems like that's a lot
00:47:18
of people in there in that room. I don't
00:47:20
think it's I feel like somehow it's
00:47:22
probably too chaotic to have all of them
00:47:24
there on some level. Maybe not.
00:47:26
>> It just seems to me that to a certain
00:47:29
extent Anthropic can declare victory and
00:47:31
go home and be one of the seven
00:47:32
companies or not.
00:47:34
>> Yeah.
00:47:34
>> The Department of Defense they black
00:47:36
they blacklisted Anthropic. Anthropic
00:47:38
feels like and Dario Mode I feel like
00:47:40
kind of the first person who sort of
00:47:42
said no to the tech bros and to Haggsath
00:47:45
and Trump and he's gained I think a lot
00:47:47
of stature from that.
00:47:48
>> Y
00:47:49
>> and but at the same time he can say that
00:47:51
fine I'll be one of the seven companies.
00:47:53
The the breakdown wasn't over
00:47:55
capabilities it was over guard rails.
00:47:57
Right. The DoD wanted uh Claude
00:47:59
deployable for all lawful purposes.
00:48:02
>> Right. Which they didn't Yes. and and
00:48:04
Anthropic said no to autonomous kill
00:48:06
decisions.
00:48:07
>> And so a federal judge said the
00:48:09
Pentagon's move looks like an attempt to
00:48:12
[ __ ] Anthropic, which is an it's just
00:48:15
so weird all these all these tech bros
00:48:18
who are all looking for the next check
00:48:20
and bail out in their own crypto scheme
00:48:24
going after Daario. I think it's I think
00:48:25
Dario's in a great spot right now
00:48:27
>> for the next era. Oh wow.
00:48:30
>> Yeah, he looks really solid. next. If
00:48:33
there's a Democratic president, he's
00:48:34
gonna be the poster child.
00:48:36
>> The most interesting argument I've
00:48:38
heard, and it really made me think about
00:48:39
this, was that all of these guys are
00:48:42
claiming that this is more powerful than
00:48:44
nuclear weapons.
00:48:45
>> Mhm.
00:48:46
>> We don't have private ventureback
00:48:47
companies making nuclear bombs.
00:48:49
>> Correct.
00:48:51
>> So, it's like, okay, if you really
00:48:52
believe that, then shouldn't shouldn't
00:48:54
you all by virtue of defense for for
00:48:58
defense reasons be governmentont
00:49:00
controlled and owned companies? Yes.
00:49:02
Yes. Yes.
00:49:03
>> Or highly regulated
00:49:05
>> because you're claiming that these
00:49:07
things are more powerful than any
00:49:08
technology ever. We don't like
00:49:10
>> Scott, stop making sense, please.
00:49:12
>> Well, it it's just so it feels to me
00:49:15
like they're setting themselves up. I'm
00:49:18
really excited about the potential for a
00:49:20
Democratic administration because I
00:49:21
think there's going to be a lot of
00:49:22
momentum around all right here are some
00:49:25
basic common sense regulations we would
00:49:27
apply to any technology that is a
00:49:29
quarter of what you claim the peril is
00:49:31
here. You're the ones saying it's going
00:49:34
to take employment over 20%. By the way,
00:49:38
the French Revolution and the Weimar
00:49:39
Republic descending into darkness
00:49:41
happened when they hit 20% unemployment.
00:49:45
Uh you're claiming this thing. You're
00:49:47
claiming this thing is learning so fast
00:49:49
that it'll be able to turn on itself.
00:49:51
Well, okay. So, shouldn't that mean you
00:49:53
are not allowed to release anything to
00:49:55
the broader public until we have given
00:49:57
you the badge of clearance on it? That
00:49:59
it's just I think it's just going to be
00:50:01
so easy for somebody to kind of step in
00:50:04
and say, "All right, you guys win. you
00:50:08
have scared us so squarely and so
00:50:10
rightly that we are going to we are
00:50:13
going to um have regulators and the
00:50:16
defense department and the DOJ in your
00:50:20
[ __ ] knitting folks and at the same
00:50:23
time they need to strike a balance such
00:50:24
that Chinese LLMs don't get well ahead
00:50:26
of us but at some point you have to
00:50:28
realize okay when does when does the
00:50:32
well-being of civilization begin to even
00:50:35
remotely rival the excitement of your
00:50:37
IPO. It's just the the tech bros have
00:50:41
become so used to as long as long as I'm
00:50:45
going to get my face on the NASDAQ
00:50:47
billboard, I can overrun all social
00:50:49
concerns and I can even brag about how
00:50:51
[ __ ] dangerous this is. As long as I
00:50:54
use it to extract or pull the future
00:50:56
forward with cheap capital. I think
00:50:58
these guys are really sticking their
00:51:00
chin out. They're sticking and then they
00:51:01
have you know again Emil Michael is
00:51:03
there all their best buddy which who is
00:51:06
from there you know gaming the situation
00:51:09
because the [ __ ] Pete Haggath doesn't
00:51:11
know anything and so they're just
00:51:12
they're sitting let me say when if the
00:51:15
Democrats do get control in a in a
00:51:18
strong way you need to flush all these
00:51:20
people down the toilet like immediately
00:51:22
like not even like let's all try to get
00:51:24
along first you take them out and then
00:51:27
you start over again and I think puts
00:51:28
Daario in the best position in that
00:51:30
regard. Um because he had the he had the
00:51:33
guts to speak back, you know, or at
00:51:35
least push back on just the most
00:51:37
illogical, moronic statements by the
00:51:39
defense department under this incredibly
00:51:41
unqualified
00:51:43
uh cabinet secretary. I mean, really,
00:51:45
it's so it's so ridiculous. Um one of
00:51:48
the problems, you know, sometimes
00:51:49
there's nefarious people who are smart,
00:51:52
right? And you're sort of like, oh,
00:51:54
we're in trouble. But this is a [ __ ]
00:51:56
Like an actual like the moronic nature
00:51:59
of both Cash Patel and Pete Hegsth is so
00:52:02
apparent. They're not sly. They're not,
00:52:05
you know, silly evil or evily sly or
00:52:08
whatever. And
00:52:09
>> I think Cheney is shaking his head.
00:52:10
>> Correct.
00:52:12
I was like, uhoh. Cuz he knows, right?
00:52:14
He could do something. Um but I just I
00:52:17
you're right. Dario puts himself in a
00:52:19
much better position for what's next if
00:52:21
we make it there. Anyway, um, one more
00:52:24
quick break. We'll be back for wins and
00:52:27
fails.
00:52:29
>> Support for the show comes from Back
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00:54:44
Okay, Scott, wins and fails. Why don't
00:54:46
you go first this week?
00:54:47
>> Uh, well, my fail is the board of
00:54:50
directors for GameStop. If you're going
00:54:51
to be an SEC publicly listed company,
00:54:54
you have a fiduciary responsibility to
00:54:56
not to not impose a tremendous burden on
00:55:00
other companies who are trying to serve
00:55:03
their shareholders and and serve their
00:55:05
consumers and their employees. And when
00:55:07
you make these ridiculous offers to
00:55:10
another company that has absolutely no
00:55:14
credibility, veracity, likelihood of
00:55:15
going through, you're just in in in some
00:55:18
weird attempt to like ignite another
00:55:20
meme craze in your stock. That's just
00:55:23
irresponsible and reckless. And there
00:55:24
needs to be generally speaking in
00:55:27
business within from public companies to
00:55:29
other public companies, there is sort of
00:55:32
a code. You don't like when when when
00:55:38
we were thinking about acquiring a
00:55:39
company at a public company and then we
00:55:40
decided internally it doesn't make
00:55:42
sense. We immediately
00:55:44
sent them a letter saying we're with
00:55:46
trying consideration because we don't
00:55:47
want to tie them up. We want we want
00:55:49
them to get on with their business and
00:55:52
their life even though you could do it
00:55:54
to distract them. But I was on the I was
00:55:58
on the board of Urban Outfitters and at
00:55:59
one point we were considering acquiring
00:56:01
Abberrombian Fitch who at the time was
00:56:03
>> hugely diminished.
00:56:05
>> Wow.
00:56:06
>> Oh, by the way, Cara, we missed that
00:56:08
one. We could have picked it up for
00:56:10
pennies.
00:56:10
>> Pennies.
00:56:11
>> And it's come it's come back hugely.
00:56:13
>> Oh, has it? I didn't.
00:56:14
>> Oh my gosh. Abraham, that would have
00:56:16
been that one got away from us. We came
00:56:18
very close. the Haney family that runs
00:56:20
and controls Urban Outfitters are very
00:56:22
very smart people and and but ultimately
00:56:26
we passed. But the moment it was like
00:56:29
the moment we made the decision, we
00:56:31
could have gotten in the way of other
00:56:32
competitors, American Eagle or whatever
00:56:34
to acquire it, kept it on the market for
00:56:36
longer, but it was like no, there's a
00:56:38
code amongst good fiduciaries where you
00:56:40
immediately say we're not going to be a
00:56:42
bidder here such that they can get on
00:56:43
with trying to sell it to somebody else.
00:56:46
And this is such
00:56:48
It's just irresponsible. I just I just
00:56:50
hate this from like a a decorum
00:56:52
standpoint. It's a waste of everyone's
00:56:54
time. He's not serious. And I love the
00:56:56
fact that the market has responded by
00:56:58
taking the stock down 11%. Anyways, it's
00:57:01
kind of weird.
00:57:01
>> Ryan Cohen's an ass clown. I mean,
00:57:03
sounds like the right word.
00:57:05
>> The the my win is um uh uh Senator and
00:57:10
University President Ben Sass. Did you
00:57:12
see a 60 Minutes interview?
00:57:13
>> God. Oh, it's heartbreaking. I I it it
00:57:16
really and of course I turn everything
00:57:18
back to me. I find he is such a like
00:57:22
he's the best
00:57:24
of conservative values.
00:57:26
>> I would agree.
00:57:27
>> You know, his ability to talk about his
00:57:29
faith, uh God, his fidelity to the
00:57:32
Constitution, his fidelity to his family
00:57:36
and couch it as as he struggles with
00:57:39
pancreatic cancer. It's so eloquent and
00:57:42
so moving. And I was um um struggling
00:57:48
with something that happened to me that
00:57:50
really upset me this weekend. And he I
00:57:53
watched his interview and he talked
00:57:55
about
00:57:57
um that at one point before it was he
00:57:59
had the diagnosis of pancreatic cancer,
00:58:01
he had he said hundreds of tumors around
00:58:03
his spine, unbeknownst to him. And he
00:58:06
was in such intense, crippling pain that
00:58:10
he was taking a dozen scalding hot
00:58:13
showers a day that would provide him
00:58:15
just minutes of relief and then he'd
00:58:17
have to take another hot shower. And so
00:58:19
I started a practice where I'm like,
00:58:23
"Okay, imagine you have that kind of
00:58:26
pain, tumors all over your spine, and
00:58:29
all you can do is lay down and then take
00:58:32
another scalding hot shower." I'm like,
00:58:34
what would this problem mean to me at
00:58:36
that point?
00:58:37
>> Mhm.
00:58:37
>> And it's a really healthy practice.
00:58:39
Anyways, I have my my Ben Sass tumor
00:58:42
practice now.
00:58:43
>> Oh goodness. Yeah. And
00:58:45
>> you know, can I point out there's a lot
00:58:46
of really amazing mRNA technology
00:58:48
happening right now about pancreatic.
00:58:50
It's not going to
00:58:50
>> Well, he's still alive because of some
00:58:52
of those technologies.
00:58:53
>> Yeah. But it's still is probably too
00:58:54
late. But there's so much going on. Of
00:58:56
course, this administration's been
00:58:57
cutting all these things. But he also he
00:59:01
was one of the first people to go
00:59:02
against Trump too when it wasn't
00:59:04
convenient.
00:59:04
>> He also had a really lovely statement
00:59:06
when they were talking about the worst
00:59:07
thing about his illness. He stated that
00:59:09
he was really sad that he wasn't going
00:59:10
to be with his wife for his while a
00:59:12
while. I mean it was just so such a
00:59:14
lovely testament to his his wife and the
00:59:18
way he framed it that he's gonna that he
00:59:20
believes they'll be together again but
00:59:22
he's upset that he's he's gonna have to
00:59:24
wait. I mean, this guy I it's Democrats
00:59:28
should a sigh of relief that he is not
00:59:31
running for president on the Republican
00:59:33
side.
00:59:33
>> Well, except the Republicans rejected
00:59:35
him because he was early he was an early
00:59:37
Trump opponent and then he got sort of
00:59:39
>> Oh, I think he could have carved out a
00:59:40
big lane.
00:59:41
>> I don't know. He he got drummed out. He
00:59:42
was one of the people like Liz Cheney
00:59:44
and so he was in that gang that got
00:59:46
shoved out of the whole party because
00:59:49
they needed to be in uh you know the
00:59:52
Trump Hallelujah Choir. Um, so I I
00:59:55
always found him to have a lot of
00:59:58
courage even before this.
00:59:59
>> I reached out to him his people over the
01:00:02
weekend. He's going to come on uh the
01:00:03
prophet pod.
01:00:04
>> Good.
01:00:05
>> Um, but anyways, my win is just the just
01:00:08
the perspective.
01:00:11
And I I think I I would I would
01:00:13
recommend that everyone watch that
01:00:14
interview. It really does remind most of
01:00:17
us. It's like that monk saying that the
01:00:21
man with good health has a thousand
01:00:22
problems. The man with bad health has
01:00:24
one problem. When you hear what this
01:00:26
guy's going through and you hear you
01:00:29
hear how just articulate he is about
01:00:32
government and and his views on things,
01:00:35
I I really found it. I thought, God,
01:00:37
this guy's such a great role model. I
01:00:38
really hope I really hope he's around
01:00:41
for I I love that he's getting attention
01:00:43
now, but I think he's adding a lot of
01:00:44
really wonderful value to the public
01:00:46
discourse right now. Anyways, my my win
01:00:49
is um Senator and University President
01:00:52
Excellent win. All right. Um Okay. And
01:00:56
your fail is this board. Okay. So, my um
01:00:59
fail. It's Well, it's kind of a win in
01:01:01
some ways, but um the New York Times
01:01:03
interview with Tucker Carlson, he's done
01:01:05
a lot of interviews lately because he's
01:01:06
trying out all his stylings to run for
01:01:08
president as
01:01:10
>> um he's trying everything. It's
01:01:12
fascinating to watch.
01:01:12
>> The interviewer did a great job.
01:01:14
>> Yes. Lulu Garcia Navaro, who's a friend
01:01:16
of mine, um did a great job pressing him
01:01:18
back. He denied wondering whether Trump
01:01:20
is the antichrist. Lulu played it
01:01:22
>> played the video
01:01:23
>> and then he denied it again. He denied
01:01:26
it right after I oh it didn't come out
01:01:27
of my mouth. She's like it just came out
01:01:30
of your mouth. He goes I never said
01:01:31
that.
01:01:32
>> Yeah.
01:01:32
>> It was I was like
01:01:34
>> funny this guy looks like you saying
01:01:35
that. Isn't this isn't you?
01:01:36
>> You know she did a great job with him
01:01:38
but it was just in I think the more
01:01:40
interesting is thing is you should watch
01:01:41
all of them because he's preparing for a
01:01:43
presidential run and so his tricks and
01:01:46
everything else are she's super smart.
01:01:48
You you may not like Dr. Carlson, but
01:01:49
he's highly intelligent and um and I
01:01:52
think he's an interesting
01:01:55
it'll be an interesting fight over the
01:01:57
Republican party post Trump. And you
01:01:59
know, obviously Marjorie Taylor Green is
01:02:01
trying to prepare her way. She changed
01:02:03
Trump derangement syndrome into Trump
01:02:04
disappointment syndrome uh which I think
01:02:06
is probably a more accurate for for his
01:02:09
followers. Um anyway, just a really good
01:02:12
interview. Watch it. Lulu is an amazing
01:02:13
interviewer uh at the times and uh but
01:02:16
that exchange the whole thing is quite
01:02:18
good but that exchange uh back and forth
01:02:20
is really was really something. Um
01:02:23
obviously my win is the money that Devil
01:02:25
Wars product did is crazy. Sorry you
01:02:29
just did yours. You just did the same
01:02:30
one of yours that the that game that is
01:02:33
a lot of money. I also it's really
01:02:35
interesting what's doing really well.
01:02:36
The Michael biopic did really well.
01:02:38
Michael Jackson biopic is doing
01:02:40
incredibly well. Um, again, it was
01:02:42
really Here's why I think it's a win
01:02:44
because Hollywood always says, "Oh,
01:02:47
that's a black movie or that's a woman's
01:02:49
movie or that's a gay man and women's
01:02:52
movie and that's why it's doing well."
01:02:53
It's just they're both I haven't seen
01:02:55
the Michael movie and I think they left
01:02:57
out some of the pertinent parts of
01:02:59
>> the controversies around him in this
01:03:01
one.
01:03:02
>> Michael Jackson. What controversy?
01:03:04
>> Oh, yeah. Exactly. Or or Hail, let's
01:03:07
bring in a white guy. Project Hail Mary.
01:03:09
Um, they're just good movies. Like, stop
01:03:11
having to like say, "Ah, it's the women.
01:03:13
Ah, it's this." Like, you just make a re
01:03:16
What I loved about this movie and some
01:03:18
of the others that have been doing
01:03:19
really well is they show Hollywood at
01:03:21
their very best. Beautifully told
01:03:23
stories. There's not a in any of these,
01:03:26
there's not a stitch of [ __ ] AI
01:03:28
anywhere, right? It doesn't feel cooked.
01:03:32
And that's what really is working.
01:03:33
People are just flocking to these
01:03:35
movies. And by the way, the theater was
01:03:37
full of not women. It was everybody. It
01:03:39
was really interesting. It was young
01:03:41
men. It was It was not I was surprised
01:03:44
by the audience cuz you get to thinking
01:03:45
it's a bunch of ladies going out and
01:03:47
having, you know, margaritas, frozen
01:03:49
margaritas with their friends and then
01:03:51
kicking it up in their heels, but it
01:03:53
wasn't. That was you. That was you
01:03:55
Scott. Um, so I just I I really like
01:03:58
>> I'm going to start hanging out of movie
01:03:59
theaters.
01:04:00
>> Yeah, I know. NAI movies, I don't know
01:04:03
what else to say. It's a push. Just like
01:04:05
people are don't like brand AI, they
01:04:07
like brand people and that's done very
01:04:10
good. They love stories. Anyway,
01:04:11
>> oh, I got a show recommendation for you.
01:04:13
>> What? What?
01:04:14
>> Shores.
01:04:15
>> Shores.
01:04:16
>> It's about this. It's about this hockey
01:04:19
team that's sort of the pride and joy of
01:04:21
uh of some small town in Canada. It's
01:04:24
really And of course, it's all about
01:04:26
It's really a story about people, but
01:04:27
it's really adorable and well done. Oh,
01:04:30
and Cara, you'll love this. Uh, Shores
01:04:32
is directed by the same guy who directed
01:04:34
Heated Rivalry, Jacob Tyranny's. There's
01:04:36
got to be [ __ ] in the Locker Room
01:04:38
Coming, episode two.
01:04:40
>> I was watching Running Point. I think
01:04:41
that's what it's called. The one with
01:04:42
Kate Hudson and Justin's in it, too.
01:04:44
Justin's in it a lot in this movie.
01:04:46
>> He's very good in that, too.
01:04:47
>> It's good. It's adorable. I just
01:04:48
finished watching. Okay. Shoresy. All
01:04:49
right. I'll listen to it. Anyway, uh, we
01:04:52
want to hear from you. Send us your
01:04:53
questions about business, tech, or
01:04:54
whatever's on your mind. Go to
01:04:56
nymag.com/pivot
01:04:57
to submit a question for the show or
01:04:58
call 8551 pivot. and elsewhere in the
01:05:01
Karen Scott universe. You're going to
01:05:02
love this, Scott. For the latest episode
01:05:04
of On, I interviewed Alen Brash McKenna
01:05:06
and David Frankle, the writer and
01:05:08
director of Devil Wars Prada 2. I wanted
01:05:10
to focus on them. I mean, the stars have
01:05:12
gotten a lot of attention, but I think
01:05:13
these two are at the heart of why it's
01:05:15
so excellent and uh and they're really
01:05:17
incredibly good purveyors of what they
01:05:19
do. Let's listen to a clip of David
01:05:21
explaining how he approached Meyer
01:05:22
Street's character, Miranda Priestley.
01:05:24
>> Miranda is not the villain here. Miranda
01:05:27
is the heroine. Miranda is trying to
01:05:29
achieve excellence every day and the why
01:05:33
does she have to be nice to accomplish
01:05:35
that you know and there's a long list of
01:05:38
mostly men of course uh who are um
01:05:42
highly regarded for their
01:05:45
superb work. I mean they might be the
01:05:47
goats in their business but they uh and
01:05:50
no one really questions how how nice
01:05:52
they are about about accomplishing that.
01:05:55
>> It's a really smart interview. I really
01:05:57
like to show people behind the scenes
01:05:58
and I think they're great. Um, and
01:06:00
Scott, one of the parts you'll like a
01:06:01
lot is Miranda trying desperately to
01:06:03
avoid getting in trouble with HR the
01:06:06
whole time. It's really reminded me of
01:06:08
you. I don't know.
01:06:09
>> Trying to avoid HR.
01:06:11
>> Yes. There's, you know, she says things
01:06:13
and her assistant goes, "No, no." And
01:06:15
she's like, "What? I can't say I want to
01:06:17
kill myself." You know, there's a whole
01:06:19
It goes, it's a little bit, but it works
01:06:21
really well. Like I every time she did
01:06:23
it when I saw the same time I thought,
01:06:24
"Oh, Scott Galloway needs someone who
01:06:26
sits next to him and goes but then I
01:06:28
realized that was me."
01:06:29
>> Yeah, that's who.
01:06:30
>> No, no, no, no, no.
01:06:32
>> I think you give me You realize I have
01:06:34
never been in anything resembling any
01:06:36
type of trouble like that at a
01:06:37
corporation. I'm Alan Alda at work.
01:06:40
>> I know. I know. I know. I know. Anyway,
01:06:43
it was good. Anyway, it's David Franle
01:06:45
and
01:06:45
>> although I do call my assistant Jiggles.
01:06:47
Is that wrong?
01:06:48
>> Oh god. There we go. No. No, no, no, no,
01:06:52
no, no. We don't do that.
01:06:54
>> We don't say that.
01:06:54
>> At the Christmas party, I ask all the
01:06:56
hot women to sit on my lap. Is that
01:06:58
wrong?
01:06:58
>> What do you want for Christmas, little
01:07:00
girl?
01:07:00
>> Oh my god. All right, that's the show.
01:07:03
Thanks for listening to Pivot and be
01:07:05
sure to like and subscribe to our
01:07:06
YouTube channel. We'll be back on
01:07:08
Friday.
