00:00:00
This is just nonsense. And he's just doing it because he's on his little tour to show that he's like the master
00:00:05
inventor and deserves the trillion dollar compensation pay. It's just he's not the master inventor anymore, folks.
00:00:12
He's just not.
00:00:19
Hi everyone. This is Pivot from New York Magazine, the Vox Media Podcast Network. I'm Carara Swisser. And now I must sing
00:00:26
to Scott Galloway on his birthday. Oh no. Yes. Yes. Yes. It's okay.
00:00:31
No. Happy birthday to you. You live in a
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zoo. You look like a monkey cuz you're wearing a monkey suit and you act like
00:00:43
one, too. When did we get so old, Cara? I don't know. Scott, you look good,
00:00:48
though. You have a suit on cuz I I understand you went on many much of television today. I was on Morning Joe. Yeah. Then the
00:00:56
Today show and I just got back from the view where I basically they asked me about my father
00:01:02
and I started crying in front of an audience. Perfect. Oh, that's with all the ladies, right? Yeah.
00:01:07
Yeah. Savannah Guthrie wrote me a lovely note. She said Scott president. She loves you.
00:01:14
Um yeah, I was on with her and Craig. Craig. Handsome Craig. Um yeah, handsome Craig. And she looks
00:01:21
great. I love you. Yeah, she's um she's a nice person. She's Yeah, she's she seems actually she's a
00:01:28
real woman of faith and I like the way she positions her faith. I think it's really I interviewed her about that when her
00:01:34
book I remember that. Yeah. But this I'm a total media [ __ ] this morning. I'm I'm absolutely everywhere.
00:01:40
Yeah. So that's good though. Whereas usually I'm just a [ __ ] You're just a [ __ ] Just a hoe. Just a giant hoe.
00:01:46
How's Morning Joe? Did you with the two of them? I Well, they were remote. I
00:01:52
guess they're down in Florida somewhere. Leave their home now. Okay. Yeah. They don't leave their They get They roll out of bed and roll in.
00:01:58
But you know what? They've always been You know how some shows, you know, they just want you to win? Yeah.
00:02:03
That's what Morning Joe is for me. Joe and Ma always like try to set me up for success. And uh
00:02:10
so I really like it there. And plus they always make me somehow they make me look less awful. I like look reasonable in
00:02:16
that show. This is how vain I am. I think about what shows make me look the best. Um, but I love uh I would say of all of
00:02:23
the things I go on, I think Mars number one cuz I find him I find that show just so challenging and
00:02:28
interesting the format. But Morning Joe for me is really I think they do a great job with the co-anker. I
00:02:34
mean the bottom line is between the morning Joe the view the today's show as much as I criticize TV when you see
00:02:41
just how much activity is going on behind the scenes they do they give great TV. They do.
00:02:47
They do. And let me tell you, let me give you information. They sell [ __ ] books. I got to say after The View, my
00:02:52
book sales rocketed more than Bill Maher and The View, I would say, was and today's
00:03:00
show. Yeah. And I was on with Fared yesterday. So, yeah, I'm um
00:03:05
You're really up. I'm ubiquitous. There's I'm like AOL in the 90s. You stick your hand into a cereal box, you're going to pull out a
00:03:11
little dog. Little dog. Let me ask you a question. How was the view ladies? Did Were they nice to you? Did they stroke you after
00:03:17
you cried? Um, they were really say, "Get the [ __ ] out." It was my second time. They've always been really lovely to me. It was Anna
00:03:23
Navaro, uh, Whoopi, obviously, uh, Alyssa Farah, who unfortunately is pregnant because I was thinking there
00:03:29
was a shot that she would leave her husband for, but not I didn't know. It doesn't seem to be going very well. Yeah.
00:03:35
And then, um, Sunny, who's Sunny Hospital, uh, who looks 18 and she has a son who's
00:03:41
a doctor. Yeah. Yeah. And she wanted advice. She's saying, "I'm going to give your book to my son." I'm like, "Oh, really? What's he doing?"
00:03:47
She's like, "Well, he's a Harvard educated doctor." I'm like, "No, he needs to mentor me. He needs to write a
00:03:52
book and I'll read it." Like, he's just fine. He's tracking. He's tracking. That's good.
00:03:58
But yeah, they couldn't be. Who's next? What's your next thing besides our pivot tour coming up? We've got one more show before our pivot tour
00:04:05
and I for a week. Come on. I'm on Anderson Cooper tonight. I'm on MSNBC tomorrow. Yeah. I'm I'm I'm you know I'm on
00:04:13
Christian Apur tomorrow. I'm everywhere. Are you It's gonna be too much. Scott,
00:04:19
may I just say, how is your birthday going? The reason I sang is because I thought about playing the Stevie Wonder song, but YouTube dings us when we put
00:04:26
music up. Oh yeah, I'm being very genuine. I don't like my birthday. I don't I don't enjoy it. I
00:04:32
don't want to be reminded of my age. Oh well. I don't I don't like gifts. I don't I would rather if if I could delete
00:04:37
anything. You know how we have those delete me ads? What we need is an app called Delete
00:04:43
Birthday where everybody forgets you actually have birthdays. Oh, now I sent you that edible arrangement. No, I didn't.
00:04:51
Actually, I'm shocked in one of the many times you stayed here, you haven't arranged my edibles. See, I know I have
00:04:56
little turn a phrase there. Little turn, but I actually have done that. I I looked through them at length one night
00:05:02
when I was bored. God. Hm. Hm. I didn't take any of them, just so you know.
00:05:07
Yeah, you need to start. I know, but I just was interested in them and I looked them up and I and I Googled all of them and everything.
00:05:14
Did you? Yeah. Is that part of the problem? My psychotic breaks? No, not part of the problem. Not at all. Well, I am glad you're here
00:05:20
another year. Well, thank you for that. I appreciate that. You look very nice, too. You're a little hunched over. Sit up straight with that
00:05:26
suit on, too. Sorry. There you go. How's that? All right. Yeah. Looking nice. That That's your go-to suit, isn't it?
00:05:32
That's your go-to outfit. Yeah. No, you know what's funny is I I've consistently I have probably I
00:05:38
don't know a dozen suits I like I like the idea of suits and then I find one I like and I wear the same thing over and over. You look very mom Donnie right now. I'll
00:05:44
tell you he loves a suit. It's my birthday. Do you really want to bring that? That's my birthday.
00:05:50
I'm just saying he Come on. He wears a suit. He shows respect for people. Uh I think he's a I think he's a
00:05:55
good-looking guy. He suit I'll give him this respect, isn't it? I think the learning I keep getting
00:06:01
calls from Democrats. What do you think of it? Am I the Democrats can take a lot of from his campaign. I'll give him
00:06:06
this. You know, I I think you and I have are a little bit different on a different different views on his policies. I don't
00:06:13
think there's any denying that that Democrats can learn a lot from his campaign. Well, we'll see if he does. We'll see.
00:06:19
You never know. People can surprise you on on lots of ways. I think he seems to
00:06:24
have talked to a lot more people than you think. I think he's very similar to AOC who has pivoted much more to the
00:06:31
center than is that right of AOC? Yes, 100%. I think they they learn they
00:06:36
want to be in position same Marjorie Taylor Green like they're all pivoting in a way that makes them kind of
00:06:42
suspicious of MTG though. I'm just not sure. No, I agree. I thought she was I think she likes the attention and
00:06:48
she's getting a lot of attention. She's doing a good job at getting it. I'll tell you that. Well, someone asked me who Jewish space lasers. Yes. for
00:06:54
this. Someone asked me who the leader of the Democratic Party was, and I said Marjorie Taylor Green. She's she's been um But uh yeah, it'll
00:07:03
be Look, people have asked me, "Well, what happens if he wins?" I'm like, "If he if he wins, first off, I'm not a New York resident,
00:07:10
but if he wins, like any candidate that wins, to be I think a good American, you
00:07:15
have an obligation to be as supportive as possible and let them prove you wrong." Correct. and be supportive and and let
00:07:22
their actions speak. You have to open up to the possibility that maybe your pre preconceived notions that they were a
00:07:28
terrible person because you get so caught up in the emotion of politics. Give them the benefit of the doubt and
00:07:34
rally behind them for a certain amount of time and let them, you know, have them have let them have their honeymoon. So I
00:07:41
and by the way, I'm saying this as if it's a foregone conclusion. It's really interesting. There are these ads on these bus shelters in Manhattan showing
00:07:48
the the statistical probability of their win from Khi. It's a great ad campaign.
00:07:55
It shows Mandami at 92% right or 93 and Quomo at 8 and they're on bus
00:08:00
shelters everywhere and it says Khi Khi market and you don't even realize it's an ad. It's such a brilliant ad
00:08:07
because it shows it you don't have your screen up. It doesn't look like an ad. information and
00:08:12
what you realize is that Koshi is this place that people are going to now to look to help predict the future.
00:08:18
Yeah, it is. It's the best branding campaign I've seen in a while and poly market. Couch and poly market. Yeah, I think that'll be you know what
00:08:24
the only good thing I got to say. Two two one bad thing, one good thing about that. I think he's definitely going to
00:08:29
win. And I Well, let's just wait and see what he does. I have We'll see. We'll see. I think that's fair. Wait and see.
00:08:35
Wait and see. And the second thing and he has a lot of good ideas. Some aren't as good, some are good. Like let's see.
00:08:40
He's fresh, right? That's the key thing. And he's got people. You just watch him going around New York everywhere he goes. He's created excitement around
00:08:47
himself. I'll give I think he's a fantastic I think he's fantastic campaigner. And I can't wait for food sponsored food
00:08:53
lines. Oh, stop. You know what? People have their own version of welfare
00:08:59
every single [ __ ] day of the week. So to give people a grocery store, implicit in that statement is that I
00:09:04
don't believe in a redistribution of income, which I do, but I don't think you have to be stupid about it. If you want to help young people find, give
00:09:10
them food stamps, put more money in their pockets. If you want to have if you want to have lower cost of housing,
00:09:16
give tax incentives to people who build reasonable cost housing and let the private sector take over. Rent control
00:09:22
will just take rents up anyway. Well, it's rent. There's a freezes.
00:09:28
Cuomo's been messing it up like what he actually Cuomo had the same thing he had for many, many years. It's not control.
00:09:35
It's rent. Rent freezes. Delasio had it. Yes, the rent not rent freezes. It's
00:09:41
something else. This is the good the the the good thing and the bad thing. One,
00:09:47
put put Andrew Cuomo away. Like he's must leave this. He must join some
00:09:52
boards. It's rent stabilized. Excuse me. That's the word we're looking for. Um put uh get rid of Andrew Cuomo. Nobody
00:09:59
wants you. Nobody wants you really. So, and you've done every trick in the book except appeal to voters. That's one.
00:10:07
Two, Curtis Silwa Sila, I would give a job to. I think he shows if anybody's a
00:10:13
big winner coming out of this. Let me just say he loves New York and if I were Manny, I would actually reach out
00:10:19
to him because I have to say I thought he's cookooky as can be, but he's also conducted himself with a lot of grace, I
00:10:27
think. Right. He hasn't gotten out. He's talked about his issues. He's loves his
00:10:32
cats. That's besides the point. But I think he really has made some really good points and some really crazy ones.
00:10:38
But I would I would reach out to him. I just was very I I had a very different opinion of him and I think he's come a
00:10:44
long way. Let's just say. Anyway, I agree. Although I will say I I really don't like spoilers in the sense that I
00:10:52
think everyone has a bit of an obligation to I I whether he was in the race or not, but he's not a spoiler. He's the
00:10:58
Republican candidate. Cuomo's the spoiler. That's who the spoiler is. He lost. He lost his primary and he
00:11:05
couldn't stand it. Yeah, but you're defining spoiler by party affiliation. I define spoiler by somebody who has no chance of winning
00:11:11
and who is going to dictate the winner by virtue of the fact they're taking votes from someone else. Let me just say
00:11:17
even if he weren't in the race, I think Mandami would win would still be the winner. But
00:11:22
it's very unusual and it works both ways. The reason Bill Clinton won was because of Ross Perau. If Ross Perau had
00:11:29
not been in the race or dropped out, Bush would have won. if uh if Nater had
00:11:34
not been in the race, uh Gora would have won. So I I do think I do think that you
00:11:41
have an obligation if you have no chance of winning to let people decide between the two candidates who have a chance of
00:11:47
winning. Well, I don't know. IO N should have stayed in the race. I think he should have stayed in the I
00:11:52
think Cuomo it just literally can't get out of the [ __ ] and and by the way, I think it would have been a lot more competitive with Curtis if Cuomo had
00:11:59
buted the [ __ ] out. like he was the Republican candidate. Cuomo lost fair and square. He lost fair and square and
00:12:06
he couldn't take it cuz he's a giant. I just he's I I I'm glad he will be
00:12:12
leaving the scene if he loses. Anyway, we got this will be this will be the end. I think I think you're right with the
00:12:18
Democratic party is personified in that man. Anyway, we've got a lot to I'm sure Chris Cro will write me a mean note, but
00:12:24
sorry, Chris, it's true. We've got a lot to get to today, including Netflix exploring a bid for Warner Brothers
00:12:30
Discovery and Elon Musk hints at a flying Tesla demo. Oh, good God. Okay,
00:12:35
but first, the government shutdown has now lasted more than a month. It's about to become the longest in US history. The
00:12:40
42 million Americans who receive food stamps will only get partial payments from the governments this month. It is
00:12:46
really awful for them to do this. The Trump administration just told a federal judge that it would not tap additional
00:12:52
funds for full payments. this after two federal judges ordered Trump to use emergency funds to keep the
00:12:59
program. Travel disruptions are also mounting with flight delays and staffing shortages at airports across the
00:13:05
country. Um and as as a new poll shows most Americans blame President Trump and
00:13:10
Republicans in Congress for the ongoing shutdown. Um we're ultimately we're not
00:13:15
political experts but certainly from a business point of view you saw the United CEO um sort of shilling for the
00:13:22
Trump White House which is grotesque sir uh by the way Mr. Kirby I happen to be a
00:13:28
global services person and I am unhappy with your stance. I think it's you can blame both of them if you like but to
00:13:34
take any side it was really irritating. Um uh where do you where where are we
00:13:40
where are we from a business and other perspective? Well, there's the there's the strategic
00:13:45
side of it. The Democrats are finally winning. This is they've they've strategically they've picked a pointed
00:13:52
obvious issue. Healthcare, they're right. It always helps to be right. The
00:13:58
the increase in premiums is just untenable for a lot of people. And the
00:14:04
Republican viewpoint of well, we'll talk about this. this is no way to run government. It's like, well, folks, you
00:14:09
voted for something that essentially transferred money from the health care of lower middle- class households to
00:14:15
wealthy for tax cuts. That's basically your big beautiful view. So, why should anyone trust that given the power where
00:14:22
you already control all three houses of government that then you're going to address this issue? So, you're
00:14:27
absolutely correct. The majority of Americans uh hold the GOP responsible for this. It's just it's just almost
00:14:35
alien or it's an alien feeling to see the Democrats being strategic and pointed and united. Usually there's
00:14:41
three or four of them who've taken money from the private equity industry or something
00:14:47
to be so [ __ ] This is a big win so far. And then on a
00:14:54
more existential level, I've been running around, you know, Midtown talking about masculinity.
00:15:00
If you think about if you think about provider and prosperity, the whole point of prosperity, the whole point is such
00:15:07
that you can protect people and for them to be cutting off food stamps when the
00:15:12
money is available. Remember the movie? They're in a massive rainstorm. They can't find a place to stay. They have no
00:15:18
money. And the the woman says to John Cusk, "Oh, wait. I forgot I have my parents' credit card. It's like a $29
00:15:25
hotel. They're going to get out of this crazy ransom." She's like, and then she pauses and goes, "Oh, but I'm only supposed to use it in emergencies."
00:15:32
And he looks at her and says, "Well, it's lucky this isn't an emergency." Yeah. Yeah. To not use every dollar possible to
00:15:39
ensure that 14 million American children in the most prosperous nation in the history of the world
00:15:44
have access to food. This is an emergency. And they just come across
00:15:49
Scrooge. Well, it's just, are they not? Are what is that? Are there not? It's the definition of anti-American.
00:15:55
It's a definition of anti-masculine. They're using children as human shields. They are.
00:16:01
They think they can shame the Democrats into saying, "We're more depraved than you.
00:16:07
We trust. We believe that you're less depraved than us." It's like when Terrence Stan played the nemesis of
00:16:13
Superman and he said, "I found his weakness." He being Superman, he's like, "He actually cares about them." Yeah.
00:16:20
Right now, the GOP is saying as oh, we think their weaknesses. they actually care about these people and we'll use
00:16:26
them as human shields. And even though we have the money to pay for SNAP for several weeks longer available to us, we
00:16:34
think they're going to blink. We're going to use them as human shields. And I I think the American public, at least according to the polls,
00:16:40
is seeing through this. So, well, I think what's interesting is the Democrats are like, we'll just show
00:16:46
people who you are. Like, let's we aren't going to save them. You need to save them. You're in charge. This is your big beautiful deal.
00:16:52
This is your big beautiful deal. You run all the whole all you run the Supreme Court, you run the House, you run the
00:16:58
Senate, you run the presidency. If you kill them, you kill them. Like, we can't stop you. You know, that's I think it's
00:17:05
actually I don't think the thing is, will they? Cuz they really are a cruel bunch, right? Them just fussing around
00:17:11
on this snap thing is so ridiculous. Just pay the snap thing. They want they can't lose on anything. That's their
00:17:17
whole thing, no matter who who pays the price. and they'll just look we look you know my Angelou you know when you see
00:17:24
someone you know believe it believe when when they told you who they are so let's let them tell us who they are
00:17:30
that's that's who I say anyway we'll see uh as I told you remember that time when that Trump person told me they some of
00:17:35
the crazies in that group want to do it 47 days for his presidency that's what it feels like
00:17:42
anyway I thought that was a ridiculous stupid juvenile thing but here we are by the way uh I really enjoyed the Gatsby
00:17:47
party nice timing President Trump god I know, right? Like literally, is
00:17:52
there something like these are careless people? Like the the metaphors just write themselves. I mean, Gavin Newsome
00:18:00
doesn't even have to try hard on these things. And he did a good job, actually. So, let's move on. Uh, we'll see. We'll
00:18:05
see. Do you have a prediction to what's going to move the needle? I got to think that it seems to me that
00:18:12
the Democrats are just shockingly unified. And I would think I I want to
00:18:19
get your prediction because as you've pointed out, I'm famously bad at political predictions, but I would think that Republicans will say we'll come up
00:18:26
with something that is like they'll claim that they're staying true to their principles, but agree to some sort of
00:18:33
accommodation. I just I mean, what people don't This is bad on so many levels. Pass it. They can't just say they're
00:18:39
going to pass it. The Democrats don't believe them. I don't Oh, no. The Democrats aren't going to go Yeah. the the whole trust part of the
00:18:45
program is over. We're not this notion somehow that the people who decided to
00:18:50
take money out of SNAP and put it towards wealthier people's tax breaks that all of a sudden they're going to
00:18:56
have a change of heart. Uh no, that's no one, you know, we're not we're not going to be fool me once, right? I think what
00:19:03
they'll come up with is some sort of accommodation that gives the Democrats at least some of what they want, maybe most of what they want, and they'll
00:19:09
pretend to be the good guys and move on. But I think this is a rare winning issue. But people don't realize this is
00:19:14
more than just this is more than just, you know, kids going hungry and low-income families going hungry.
00:19:20
Airlines, all kinds of safety issues. There are 300,000 people in veterans
00:19:27
affairs giving physical therapy and and medical treatment to veterans.
00:19:32
Yeah. So, we're going to leave our veteran veterans in the cold right now. I mean, gets affected. This really is sort of a
00:19:38
what's the point of all this prosperity if we're going to, you know, leave people out in the
00:19:44
cold like this. I just screwed. It really is very um feels very dysfunctional.
00:19:50
Scrooge. Anyway, um interesting story. Now, now it's getting interesting.
00:19:55
Netflix is actively exploring a bid for Warner Brother Studio and streaming businesses. According to Reuters, the
00:20:02
streamer has hired investment bank and I don't know this bank, Moolis and Company. Oh yeah, they're gangsters.
00:20:07
They're very potential offer. This is the same bag that just advised Sky Dance on the Paramount deal. Comcast could also be in
00:20:13
the mix. President Mike Kavanagh, who I think is very smart, said last week the company might consider bidding for
00:20:19
certain Warner assets, though he noted a merger isn't necessary. This is really interesting because then David Zazoff
00:20:25
now has some [ __ ] going on, right? And it it's not so easy for the Paramount boys and their giant money to sail in
00:20:32
there. It it creates a feeling in my shareholders that maybe especially the studio stuff is worth more
00:20:39
apart than together. It gives a gives it gives some some juice. What do you think? Or is it all just doesn't matter?
00:20:46
So, first off, if I got this wrong, I said just last week that I didn't think Netflix would get anywhere near this
00:20:51
because of they have such a strong culture. What I think it says is a couple things. one I think this is sort
00:20:56
of maybe an acknowledgement from Netflix that they've run out of green field or running room to grow their business organically,
00:21:03
right? And what you said also resonates now and that is there's some content here that really is singular and they they want to
00:21:09
build a content library to kind of try and sort of catch up um to
00:21:15
it's quite a content library. Think about it. Game of Thron like it's so good. It's a lot. Think what they could do
00:21:22
with the Sopranos. They could I mean like so much stuff just like and and not
00:21:28
just new new stuff older stuff like real like oh my god my favorite show I don't know
00:21:33
if you've have your favorite show I watch for me my parents or my parents my
00:21:38
kids my sons refuse to talk I was looking forward to the sex talk
00:21:43
neither neither of them will ever let me talk about sex with them. Oh wow. They've just decided that's
00:21:49
horrific and dad, no, we don't. We'll learn it on the street or from porn. We have no interest in talking to you about
00:21:54
it. I think I had a sex talk with the boys. I've decided that the ultimate sex
00:22:00
education is they have to watch all eight seasons of me with game of Game of Thrones. Oh. Oh, no.
00:22:05
Oh, 100%. Not sex. It's got aspirational homosexual characters. It's got real love stories.
00:22:11
Ingred and Jonathan Snow is one of the most gripping love stories ever. It's
00:22:17
got really bad behavior in terms of castrations. It has Okay.
00:22:22
Well, there's that. Like a lot of rape, a lot of like Okay. All right. Okay. You do your parenting.
00:22:29
I'll do mine. But go ahead. So, that's my sex ad for my sons, right? Is Game of Thrones for um eight seasons.
00:22:37
Galloway boys. Come and see me. I'll help you. Those are all Richard Perler. You know, our pal Richard. He just
00:22:42
texted me the other But if you think about what's so interesting about HBO is with I think a content a budget of about
00:22:48
two billion versus 18 in Netflix. The culture at HBO must be so extraordinary
00:22:54
because they consistently punch above their weight class. Yeah. It's first it was Bugus, then it was uh Kleper and now it's Casey Boy,
00:23:01
Michael Fuches um way back in the day. But my god, some some of the content um
00:23:08
Sex in the City I think Sex in the City was incredible. Think about all the things. And then even even girls, the modern
00:23:14
kind of Sex in the City. I thought that was incredible. Have you seen Chernobyl? Chernobyl is incredible.
00:23:20
Yeah. All of it. I mean, it just this makes a lot of sense as I told you for Netflix. It does. And it all but it what
00:23:26
it does for David Zazoff is it shows off the stuff that it's worth. Like don't let these [ __ ] at Paramount get
00:23:33
everything for cheap, right? don't like don't hand it over to these guys who've already shown relatively bad uh behavior
00:23:41
in terms of media. But um but they but it it's so valuable like the studio and
00:23:47
streaming stuff and then you can figure out what to do with the new stuff. Just spin it all together, give it to ver
00:23:53
vers Versant. That's what someone from there was saying. Let's pronounce it Versant, not Versant. Versant like it's
00:24:01
a Versant. I don't it doesn't make it any better. But what they're probably doing I I I
00:24:08
would be shocked. I think what they're doing is the following. I think by the way Mullis is established itself as one
00:24:14
of the is absolutely in my opinion the premier investment bank as it relates to media. Okay. They're outstanding at what they do.
00:24:20
The what I think this is what they've probably done is they've all signed crazy NDAs, right? And they're, I would
00:24:26
bet, openly communicating. Would they be do I think they're willing to take pieces? I can't imagine the
00:24:34
Ellison's want all of this. They don't. And I would imagine that Netflix wants
00:24:39
certain things that um Ellison does not want and vice versa.
00:24:44
And this might be a club deal where they take certain stuff. And meanwhile, what you have is a CEO
00:24:52
who's added so little shareholder value, who's positioning them against each other to
00:24:57
do [ __ ] like maintain his leadership role and feather his nest. The only thing I know that's going to happen here
00:25:03
is that David Zazlov is about to become the Adam Newman of media and that is make a [ __ ] ton of money for destroying
00:25:10
a lot of shareholder value. Well, by playing these guys off of each other. By the way, Warner Brothers Discovery,
00:25:15
yeah, there needs to be a special committee of the board looking at every deal. And
00:25:21
Zazov is there to wave his hands and get them excited. He should not be negotiating this deal because the one
00:25:27
thing we know about Zazlov is he will extract a great deal of shareholder money and put it in his pocket as
00:25:33
opposed to shareholders. Wow. If he gets a lot of money for it, I guess that it'll be worth it to them. Uh
00:25:38
but it is interesting that now there's some activity and again, as we say, guys, get in here. There's some very
00:25:44
valuable things. Don't let the let let the Nepo baby get everything. There's stuff that's really And also for
00:25:49
Comcast, too. Same thing. Same thing. Same same. And there's ways to do this. Anyway, uh I just I just like to see a
00:25:56
fight fight. Um all right, Scott, let's go on a quick break. When we come back, Apple and Amazon earnings.
00:26:03
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That's jbt.com/pivot. Make sure to use our URL so they know we
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sent you. Scott, we're back and we've got more earnings to discuss. Let's start with
00:27:04
Apple. The surge in iPhone sales, surprise, gave Apple a big boost this past quarter, sending total revenue up
00:27:10
$102 billion, up 8% from last year. Wow, that's a lot. Um, it went to 102, up 8%.
00:27:16
But it was a mixed bag for other parts of the business. iPad and wearable sales were flat and sales in China fell about
00:27:22
3.6%. That's not a surprise, although they don't have really sexy The watches
00:27:28
weren't that big a jump. I didn't get a new one, and I usually do. Uh capex uh
00:27:33
came in at $12 billion for the year, up uh 35% from last year and expected to grow, but it's still pretty low compared
00:27:39
to what the rest of big tech is spending on uh AI. They seem rather frugal comparatively. But the others are uh you
00:27:46
know spending like the proverbial drunken soldier sailors, excuse me. And speaking of what other big tech
00:27:53
companies are spending, let's talk also about Amazon. Capex continues to surge with more than $34 billion spent in the
00:27:59
last quarter and a fullear total expected be to top 125 billion. AI
00:28:06
spending seems to be paying off. Amazon Web Services revenue jumped 20% from last year, its fastest pace since 20 uh
00:28:13
22. Um overall, it was a strong quarter for Amazon with $180 billion in revenue
00:28:18
and sales up 13% year-over-year. And by the way, Open just signed a $ 38 billion computing deal with AWS. another one one
00:28:25
of these and its first contract with Amazon. So talk a little bit about um
00:28:31
this and how these companies continue to succeed in spite of tariffs obviously aren't affected by them. Well, Amazon
00:28:36
might be a little bit and Trump chaos in general. I think on Apple too, although they've gotten some exemptions, it's not clear what
00:28:43
that's right. You know that that gift, whatever it was, the gold statue, the golden calf, as I like to call it.
00:28:50
Go ahead. Yeah, I I who knows what the tariffs are going to be on Apple. Uh, Apple, I would
00:28:55
describe Apple's um earnings as unremarkable but
00:29:02
strong to stronger than people expected. I think Apple's the most val uh the most
00:29:07
expensive of those stocks right now. Um, I'm actually thinking about selling my Apple stock, which I've owned for 15
00:29:13
years, uh, just because they're growing single digits, but they're trading like a growth stock. But I bought I always
00:29:19
buy the new iPhone. I find the new operating system to be a bit cumbersome. But the battery life is
00:29:25
great and and also iPhone sales. We don't know how much of it was frontloading because of tariff scares.
00:29:30
But the company continues to do well. They have been sort of a sleeper on AI. We'll see if they come through and do
00:29:37
anything. I I think that Apple I mean what Apple's done
00:29:43
that will go down in the history books and they continue to do is that what they have pulled up the iPhone is the
00:29:49
most successful product in history. If you just look at the amount of gross margin or gross dollar margin that's been created and the analogy I always
00:29:55
use is that imagine an automobile company how the margins of Ferrari with the production volumes of Toyota. It's
00:30:01
the most this just is sort of an anomaly in marketing. Typically you go one of two ways. You go for the mass product
00:30:07
that's a lower price or you go for a niche lower volume product that's more expensive. The iPhone is the most
00:30:12
expensive phone on the market, but also the largest volume seller that you just never you're never able to pull that
00:30:18
off. And they continue to sell more and more of these these iPhones. It doesn't look I we keep predicting it's going to
00:30:25
be spatial computing or there's something else. Doesn't appear it appears that they're stronger than ever.
00:30:30
Amazon, which again is my big tech stock pick for 26, beat on bottom and top
00:30:36
lines, up 13%, good AWS growth. uh by the way sent the stock up 13% after
00:30:43
hours. AWS reported 20% growth versus a whisper of 19. Uh they performance push
00:30:50
back on their kind of AWS performance pushed back on the overhang here and that the overhang or the cloud over
00:30:56
their cloud offering is that it's behind an AI. Their cloud growth hit its fastest pace uh in three years and
00:31:03
Amazon added 3.8 gawatts of new power capacity more than any other cloud provider. So they're going further
00:31:09
downstream and giving the market more comfort that they have the power to actually do this [ __ ] It opens
00:31:14
something called Project Reneer, an 11 billion AI data center built to run anthropic models, which is part of a
00:31:22
partnership that will see Anthropic using 1 million Tranium 2 chips by the end of 2025.
00:31:28
That's a big part. That's Anthropic's big partner. Well, and get get used to this term tranium 2 because I had never heard this
00:31:34
term. Tranium 2 is Amazon's inhouse AI chip
00:31:39
that has become a multi-billion dollar business growing 150% not year-on-year
00:31:45
quarteron quarter. So now Amazon is in kind of the niche Nvidia business.
00:31:50
Let me just tell you, you think they all want to depend on Nvidia? No. No. Oh, they're all trying to figure out a chip. Oh, no. He He's got he's got a limited
00:31:58
time. And Amazon raised its 2025 capex forecast to 125 billion, signaling that
00:32:03
AI demand is still accelerating. And by the way, you brought up a key component, and that is as a percentage of their
00:32:09
topline revenue, Apple is dramatically an underst.
00:32:14
So are they riding on the rails? What's going They're riding on the rails because you see AI throughout the phone. I'll tell you, in this new system, it's
00:32:20
always answering AI like questions. Although, you know, whether you're using
00:32:25
another app, every app has it in it. It just is using other people's AI is what
00:32:31
it is. They're at a different point in the life cycle and that is Apple. Here's the problem. When shareholders get used to
00:32:38
profits, it's like their lips get around the crackpipe of profit and you take the crackpipe away, they get very angry. And
00:32:46
basically Apple, I don't want to say it's a it's a financial engineering company, but basically their share
00:32:52
buybacks, they've bought back like a third or a half of their stock. And the way their stock keeps going up is they
00:32:58
are a cash generation machine and they use that to buy back stock. So if if a company whereas with Meta and Amazon
00:33:05
people were sort of have a very recent memory of extraordinary capex and
00:33:11
doesn't punish Amazon to the same extent if they reduce their profitability. In put another way, Apple acts and behaves
00:33:18
and has shareholder expectations. It is more of a mature company, whereas the other three are still seen more as
00:33:24
growth companies in their shareholder base has a greater tolerance for um a
00:33:30
greater tolerance for investment. So, for example, you mentioned Jeff Buucas. The reason Jeff Buucas sold at the top
00:33:36
of the market and convinced his board we should sell to these drunken fools at AT&T if they're willing to pay this
00:33:41
money. Because if you want me to compete with Netflix, I've got to go from being very profitable to very unprofitable and our
00:33:48
shareholder base didn't sign up for that and there's going to be a revolt and this thing's going to sell off like crazy.
00:33:54
So, and in addition, I I'm just blown away by Amazon's push
00:34:00
in automation. If not for a onetime FTC charge and severance costs, operating
00:34:05
margins would have hit 12%, which is a record high. And again the the piece of the earnings call that just blew my mind
00:34:13
was in their retail unit. Mhm. They are they are predicting in 2033 by
00:34:19
2032 or 2033 in 7 to 8 years they have put this out there we can double the
00:34:25
revenue of the second largest retailer by gross dollar volume in history just behind Walmart with no additional
00:34:33
people. Yeah. Automation. Automation. You know what? By the way, they're way behind
00:34:38
China. Just so you know, just like you've seen some of this automation stuff happening. I think, and I have
00:34:43
said this over and over again, I wish you would focus on it, is everyone's focused on AA AI. I focus on robots and
00:34:49
automation like that to me is where these leaps and bounds are happening in ways that really truly do save money in
00:34:56
a in a different way. I we I think AI combined with automation and having just been in Korea and seeing some of this,
00:35:02
it's really quite astonishing the cost savings um in so many ways and and how
00:35:08
far this automation has gone. I think it's I I think it's the unto I think AI gets is is doing the fan dance, but
00:35:14
automation is something people should be paying attention to and and Amazon has
00:35:20
always been forefront when they bought KA. Uh it really made me sit up and take notice at the time that was many many
00:35:25
years ago. All right. Uh other other interesting news, President Trump says that Nvidia's most powerful AI chips,
00:35:31
the Blackwell series, are staying in America. Trump told uh 60 Minutes that China and possibly other countries
00:35:37
wouldn't uh be allowed to buy them. Basically keeping America's AI technology at home. Uh Trump did did
00:35:43
leave the door open for China to buy less advanced Nvidia chips, which they are apparently, but not the top tier
00:35:48
stuff. This came just days after he met with uh Chinese President Xihinping in
00:35:54
South Korea where Trump said the chip issue didn't actually come up in conversation. So this is a result of all
00:36:00
the Trump flossing of Jensen Hong. I don't I was a little confused by the this statement. Um but I guess they're
00:36:07
not going to be able to sell them. So yeah, there's a very interesting debate taking place in the dynamics around global
00:36:14
trade and that is we sequester or embargo our chips from being shipped our
00:36:21
best chips being shipped to China. Now the question is should we not be letting China create parody in terms of the most
00:36:28
sophisticated brains to power weapons media
00:36:33
or was that just motivation for them to do a workaround? That's right. Mhm. So, and and by the way, I don't I don't
00:36:40
feel like I have an answer on that. I think it's a really interesting argument. Let them steal our stuff and do a
00:36:46
workound. I think that's the you left that. Well, that's right. You create incentive for them to call on their operatives.
00:36:53
And by the way, I think what's interesting is I was speaking to someone who was in our intelligence apparatus
00:36:59
and he's like, "Do you realize no spy ever thinks they're doing anything wrong? If you're a Chinese national and
00:37:05
you're given an unbelievable opportunity to come study in the US and they get you a job at Google from someone they know who shall remain nameless and they start
00:37:10
asking for your advisory and your help on stuff, you don't feel like a spy, right? You don't feel like you're spying
00:37:16
for the US. And there are Chinese operatives everywhere. There are Chinese soft assets everywhere. And their
00:37:23
playbook is okay if you're if seammens if you're not going to sell us these cell towers because you see strategic
00:37:28
initiative in it. I don't know that was the case we'll figure out a way to reverse engineer them get some key critical IP copy it and sell it back to
00:37:35
you for 40 cents on the dollar which your telco operators are going to love. So would it be would we be better off
00:37:41
capturing all that shareholder value and saying okay we'll sell you these GPU hoppers. I don't know the answer to that. I think it's a real conundrum.
00:37:48
What I've I'm increasingly convinced of and when this is our prediction a couple weeks ago, I think if China really
00:37:56
wanted to go for our heart and lungs and really like go for the jugular, they would be spending a lot of money and
00:38:02
coordinating an effort to dump. So the US steel industry essentially the
00:38:08
Chinese were convinced were accused of dumping and that was okay produce we have all these steel plants in mainland
00:38:14
China. We're gonna dump we're gonna dump steel into the US, meaning we're going to price it below even production costs.
00:38:21
We're going to put every US steel company out of business and we're going to consolidate the market and then we'll raise prices. And by the way, a lot of
00:38:26
big tech companies are accused of that. Amazon was accused essentially of dumping retail, pricing it below their
00:38:32
cost. No retailer could keep up. Boom. They own 50% of all e-commerce. And what do you know? They have slowly but surely
00:38:38
raised their prices. Right? I believe that China, the CCP, the key
00:38:44
gangster move for them would be to dump AI, would be to dump LLMs. And that is
00:38:51
create a series of LLMs and maybe chips and even new technologies, open- source,
00:38:57
openw weight, dump it into the US market, and basically ruin Sam Alman's fever dreams of having a trillion dollar
00:39:03
IPO, right? when every college kid starts using this new LLM or AI that is
00:39:09
free and they can download in a second and or or big enterprises start signing
00:39:16
up for enterprise licenses or they say we have a new a new LLM and a new AI
00:39:21
technology that's not going to require you to build a bunch of nuclear power plants. If I were she I'd be like okay
00:39:26
we're not going to we're not going to go after them wi kinetically or economically. What we're going to do is
00:39:33
we're just going to engage in AI dumping because it is it is so striking. Do you
00:39:39
realize if it wasn't for AA right now the market would be flat flat? Yeah. You said and this is what's
00:39:46
you you made the thing that Amanda still brings up is which is like Trump would be in a lot more trouble if AI hadn't
00:39:53
been boosting. We'd be in recession. We recession. GDP GDP growth would be zero to negative right now if it wasn't
00:40:00
for AI and the promise of AI. And all you need to do is pop that balloon and say, "Guess what?"
00:40:06
Yeah. We're we're an old navy your ass. We're going to offer 80% of your expensive LLMs and expensive technology and we're
00:40:12
going to do it for not 50% of the price, for 0% of the price. And the thing about China is that the CCP can do this. They
00:40:19
run their companies for control, not for profit. But that I I think there's real existential threats here from China
00:40:26
around AI. Well, we'll see if they do it. We're going to blame you, Scott Galloway. There you go. Um, happy birthday. Um, well, we'll see
00:40:33
what happens here. But you're right. You're right. This is this is all an AI party that we're all living in and we'll
00:40:38
see if that sustains itself. All right, Scott. Um, although if you're a dooms doom, this the problem with the AI
00:40:44
people is you have one normal critical thing to say and they're like, "You're a doomsayer." And you're like, "No, I just
00:40:51
am a reasonable person that wonders, you know, that everything isn't going up and to the right." And speaking of which,
00:40:57
let's go on a quick break when we come back. Elon says, "Flying cards are coming soon." Sure.
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and you can be up and running in minutes.
00:42:09
Scott, we're back. Elon Musk is talking about the Tesla Roadster again. Remember the sports car he's been promising for
00:42:16
about eight years. That's, you know, when we were supposed to land on Mars and before that we were supposed to get full autonomous. None of which has
00:42:23
happened. Um he told Joe Rogan that Tesla is hoping to finally unveil it before the end of this year and hinted
00:42:28
that it might be able to fly. Uh he can't even deliver the car, but this is what he said. Let's listen to what he
00:42:34
said about it. Like this is some crazy crazy technology we got in this car. Crazy
00:42:41
technology. Crazy. Crazy. So different than what was previously
00:42:48
announced. And yes. And is that why you haven't released it yet? Cuz you keep [ __ ] with it.
00:42:55
It has crazy technology. Okay. Like is it even a car? I'm not sure. It's like
00:43:02
It looks like a car. Let's just put this way. It it's it's crazier than anything James Bond. If you
00:43:10
took all the James Bond cars and combined them, it's crazier than that.
00:43:15
Um, he seems crazy as always. He's making this up. I'm sorry. This is crazy to listen to him. And Joe Rogan, I I I
00:43:22
I'm I don't mind Joe Rogan in his dumb incredul, but God, can you ask a
00:43:28
question? Like, hey, you haven't come out with it. comments came right after Sam Alman posted that his who is uh
00:43:35
Musk's archeneemy posted that he tried to cancel his roster reservation from 2018 saying look I get delays happen but
00:43:41
seven and a half years is a bit much. Um Musk's got that huge shareholder vote coming this week about his trillion
00:43:47
dollar compensation package so he's on the road talking to uh incredulous people like Joe Rogan. Um I mean just
00:43:55
deliver the [ __ ] car, dude. Like it doesn't have to fly. Like this is just nonsense. This is another one of his
00:44:01
promises that promises made, promises broken essentially. I don't know. What
00:44:06
do you think? Well, okay. So, let's just look at the data. It's been 2400 days since Elon
00:44:12
said there would be 1 million Tesla robotoxies within the year. Oh, yeah. That was I forgot. 3100 days since he said all
00:44:18
superchargers were being converted to solar. It's been 3,300 days since Tesla started
00:44:23
charging customers for self-driving software that he said would be able to drive from LA to New York City autonomously by the end of 2017. That
00:44:30
still hasn't happened eight years later. Yeah. It's been,00 days since he predicted that under his leadership, Twitter could
00:44:36
reach a billion monthly users. Oh, that. Yeah. It's been 1,700 days since he announced that he'd be uploading a full
00:44:42
self-driving button to Teslas. This is no different. I love your data. I love Scott brings
00:44:48
the data. There you go. Because you're a man. That's why. Notes of being a man. Bring the data.
00:44:53
Swinging on those vines of data. Um, look, this is no different. Okay, so
00:45:01
Trump will say and do anything to create a distraction from Epstein. Musk will
00:45:07
say and promise anything to distract from the fact this is a [ __ ] car company that should be worth 90% less
00:45:14
than what it's worth right now. The Rebovven. Yeah. Did you see that chart I sent you? 312 times earnings compared to like
00:45:22
Apple at 30 or whatever. No, it's become a meme stock. And and by the way, this
00:45:28
is not financial advice, but don't short this thing. It could Who knows? They'd be crazy. But I remember that I think it was the
00:45:34
spy who loved me. They had this amazing car, bon car.
00:45:40
So I'm I'm fascinated by space, the one that went into space. Uh they didn't have a car that went into
00:45:46
space. They've had a flying car and the man with the golden gun. And then they had a car that went underwater. Underwater one. Yeah. Oh, I think that
00:45:53
was a spy lemmy, but I forget. Anyways, I know a little bit about aviation. It's always fascinated me. I'm an investor in
00:45:58
two aviation companies. A company called Boom Technologies, which is trying to create the first commercial supersonic plane since the
00:46:05
Concord. And I'm an investor in vertical aerospace in Europe, which is trying to create
00:46:12
it's basically like a drone that carries people. Vertical lift and takeoff. Yeah, exactly. It's a super hot space.
00:46:18
Joby and Archer are the two SUS leaders and uh vertical vertical aerospace is
00:46:23
the European leader. I know how much time, capital and more
00:46:28
than anything else regulation is involved in producing falls on a like a Christmas tree. Well,
00:46:35
one of the great unlock one of the great unlocks in our economy is that the FAA has basically said we're going to
00:46:41
certify these things to like four or five sigma, meaning that that okay, there's going to be 10,000 crash fatal
00:46:49
or automobile accidents. America has been normalized by that. We have to get people so comfortable with this
00:46:54
unnatural act of flying across the surface of the atmosphere at 7/10 the speed of sound in a metal tube with
00:47:00
recirculated oxygen which quite frankly feels very unnatural. Oh, thank you. So, we've got to make it. Go ahead.
00:47:06
We've got Pardon. I'm have to get on a plane tomorrow morning. But the reason why people don't just
00:47:11
[ __ ] freak out and refuse to fly is that it's the safest form of travel ever invented. I mean, it's just we used
00:47:19
to have to eat our nieces and nephews to get across the Rockies. Now it takes us a couple hours and we get peanuts in a
00:47:25
ginger ale. And no matter how neurotic you are, you tried to let your data take
00:47:30
over and realize the drive to the airport was about 30 times more dangerous than actually the plane ride.
00:47:36
But my point is the certification to get a flying vehicle. This is all
00:47:41
just [ __ ] nonsense. This is nothing but don't look at Jeffrey Epstein. Don't
00:47:47
talk about Jeffrey Epstein and don't dare you you refer to my company as just
00:47:53
a great automobile company that should be trading at an 80 billion market cap,
00:47:58
not a 1.4 trillion market cap. Y this is continued jazz hands and distraction.
00:48:04
Nobody does it better than this guy. Yeah, he's like PT Barnum but except he doesn't provide.
00:48:09
He's very good at this. And so immediately I got caught up like it piqued my interest and I forwarded it to
00:48:15
the guys at Vertical Aerospace and they came back and said, "Yeah, they'll show a video of this thing hovering 15 ft off
00:48:21
the ground." It takes, I'm not exaggerating, it takes 10 years
00:48:27
and billions to get any new aircraft into the air where you can take passengers in it.
00:48:32
Are you kidding? He can't even get the robo taxis going that well. Whimo is running right over him. And the same
00:48:37
thing with these, you're right, he will release some photographs. He doesn't have a Roadster. He announced a Roadster in 2018. And Sam Sam Alman
00:48:44
keeps posting screenshots of his $50,000 deposit waiting for his Roadster to show up. Yeah, he's asked for it back. But I
00:48:50
mean, it's just rid. It doesn't It's not going to fly. And by the way, other people have been working on it. People don't know like Larry Paige was invested
00:48:57
in one of those flying car. I don't doubt someday there'll be a hovercrafty kind of car. Not after we're long dead,
00:49:04
but they'll be a hovercraft type of car, but it's not going to be widespread for until long after you, me, and Elon have
00:49:12
left this planet like, and not in the good way. Um, this is just nonsense. And
00:49:17
he's just doing it because he's on his little tour to show that he's like the master inventor and deserves a trillion
00:49:23
dollar. No, it's distraction. I got to distract. He's not the master inventor anymore, folks. He's just not. He should he could
00:49:29
have done a lot more and said he's wasted his time on whatever the [ __ ] he's doing. And this is I don't just I'm I think that's a little
00:49:36
bit unfair. I think SpaceX is is extraordinary. I do win shot. Well, then
00:49:42
I give her all the credit. Well, but he hired her. You got to give him some credit. Whatever. Great. Greatness is in the agency of others and
00:49:47
he's had enough credit for her work. I I'm just feel like it's her now. Well, and and I get credit for your
00:49:52
work. I show up and press press record and you've done most of the hard work. you you've you've more than
00:49:59
leveled up. Let's just say you've more than Thank you. He has not. He has not. Thank you for that. Um anyway, um I know you're kind to him,
00:50:07
but this is just doing this kind of stuff. I wouldn't describe myself as kind to Elon Musk, but I know that. But what I'm saying, doing
00:50:13
this kind of stuff tells me everything, which is like it's crazy. Can't tell you.
00:50:19
That's why I haven't gotten and then Joe Rogan. I mean, it's literally like the biggest cockt.
00:50:25
It's like, okay, come on. Oh, you mean you haven't delivered to us
00:50:30
not cuz you're incompetent, but because there's more like, wait, mrna vaccines all to your DNA,
00:50:36
huh? That's super. No one's talking about it. Whoa. No one's talking about it. Anyway, whatever. What? I I don't have a
00:50:43
problem with Joe Rogan being as incredulous as he is. That's his brand. Anyway, uh, one more quick break. will
00:50:48
be back for wins and fails. Support for the show comes from Apple.
00:50:54
Before the show was even a podcast, all I had was an idea. And once I had that, all I really needed to get started was a
00:51:00
mic and a Mac. I have been starting businesses my whole life. One thing that has been static, a constant in all of my
00:51:07
business is Apple products. They just work. They send the right signal. Uh it
00:51:13
sounds sort of strange, but they make me feel good about myself. They make me feel creative. but they have been just the foundation upon which I have built
00:51:20
my businesses. No matter what you have an idea for, whether it's starting the business you've been dreaming of, a
00:51:25
game-changing piece of tech, or finally writing that book, go for it. You just need to get started. Your great ideas
00:51:32
start on Mac. Find out more on apple.com/mac.
00:51:39
Okay, Scott, let's hear some wins and fails. You go first. Uh so while we were
00:51:45
sleeping uh Amazon struck a deal with open AI. Their cloud arm signed a $ 38 billion
00:51:51
deal with open AI. Yeah, we mentioned that. Yeah. And u it matters because if you control
00:51:56
the infrastructure and AI models, you sort of set the terms and I do think this is uh you know again I think Amazon
00:52:06
is on a roll here and about to bust out. Uh, my fail is pretty straightforward.
00:52:14
Stop using children as human shields. And this is just not,
00:52:21
you know, the the most critical thing regardless of what you and I apologize for bringing this up. The most critical
00:52:27
thing you could say of Hamas was that they were using children as human shields. Whether you believe that's true or not, that is the worst insult you
00:52:33
could make. I would agree with you on that. That was the worst insult you could make of anybody. And I think the Republicans
00:52:39
are in a position to utilize and unlock emergency funds such that 14 million
00:52:45
children have food. And instead they've said no because they care more about
00:52:51
kids than we do. And it'll put pressure on them. This is depraved. It is the
00:52:57
exact opposite of what it means to be a representative leader. It's the exact opposite of what it means to pretend to
00:53:02
be masculine or a man or a leader. And by the way, I want to be clear. masculinity comes from men and women.
00:53:08
It's also I won't get into gender, but it's it's just so I it's so embarrassing that the
00:53:15
world's most prosperous country has decided to engage in political warfare and use children as human shields.
00:53:23
Also, some of the misinformation about what people can buy on SNAP, they're quite strict and there's hair weaves and extensions.
00:53:29
Oh my god, stop it. You can you can you can't even buy like a roasted chicken. I don't think you can buy alcohol, can
00:53:35
you? I I go to the store. I see what's the snaps of it's that's where I get my calories is from is from Melos. Like every congressman that does
00:53:42
that, I literally want to reach to the TV and throttle them. It's not true. It's not popsicles and hair weaves,
00:53:47
folks. And which is also a a version of racis like the way the words they're using are so ridiculous. Um there's a
00:53:53
lot of the this stuff in in red states, white people, poor people. There's all
00:53:59
kinds of poor people in this country that are going to suffer and they're not going to eat. That's really what they're
00:54:04
not going to do. And so the fact that it has to be made up for by charities and
00:54:10
uh people's other pe you know people around the country when our government we've paid into our government to pay
00:54:15
for things like this and it's worthwhile and it is not being abused by people and meanwhile they have a Gatsby thing. Oh
00:54:21
just drives me crazy. You're 100% right. Do you have any Winston fails car? Yes I do. Uh my fail was the interview
00:54:27
on 60 Minutes of It was a really disappointing interview of Trump. Um I he he lied. Listen, it was good for him.
00:54:34
He just lied continually and they didn't catch him. I was dying. I like Norah O'Donnell. I think she's very smart. I
00:54:39
thought she did a very tough interview with Kla Harris. I wish that Norah O'Donnell had shown up. Um I wish Chris
00:54:46
Wallace was there. I wish Brett Bearer was there. He did a pretty tough What happened to Chris Wallace? Chris, where are you?
00:54:51
He's working. He's actually advising Paramount, oddly enough. I wish he would had done the interview, honestly. He did
00:54:56
a really tough interview on Trump that was fair, too. Same. Brett Bear did a pretty tough one, too. Um, and I don't
00:55:02
often think that's the case. I have new found I told you I went to that Master of the Universe weekend and Brett did a bunch of panels. I think he
00:55:08
is a very talented journalist. I I didn't know him. I thought I was very impressed by him.
00:55:13
He's a very nice He's my mother's favorite uh Fox News personality. Oh, really? U Yes, indeed. She loves Bear. Um,
00:55:20
he looks like the high school college football star that got a 1400 on the SAT. Oh, does he? Yeah.
00:55:26
He looks like a scholar athlete. Anyways, he likes to sing. That's all I know. He sings. He sings with Warner. Uh Mark
00:55:32
Warner. The two of them sing together. It's weird. Senator Warner likes to sing. I was at a party and they the two of them broke out and I literally was like,
00:55:39
I have to I love Senator Warner. I I was like, I have to leave Washington. I love Senator. If I could if I could if
00:55:45
if if I could have anyone of you, let's just If I could have anyone be president right now installed and it wouldn't
00:55:52
cause revolution because the right doesn't think he's crazy left, it would be Senator Mark Warner. Yeah. Yeah, he's uh he's a great he's a
00:55:59
great guy. I had dinner with him recently. Um but uh you always have to one up me. I just tell you he likes you. He talks
00:56:05
about you all the time. He's like, "How's Scott? How's Scott?" You know, I like him too. Anyway, he and Brett Bear
00:56:10
sang a delightful duet at a party I was at once and it was quite Anyway, I thought it was a failure of an interview
00:56:15
and I'm it was embarrassing actually for 60 minutes. Uh and it gets some better
00:56:20
better questions. I think Norah certainly could have handled it but didn't in this case. Um, and let Trump
00:56:26
go on and on and on. I liked her episode with Peter Atia where they we got to see how long she could do a free hang.
00:56:31
She's in good shape. Anyway, um, uh, my win of course is Scott Galloway. Let's
00:56:37
go to the top of the best. You've been so supportive. I think you're missing. Why wouldn't I be? Would you not be
00:56:43
No, I literally think you're missing having boys around. You've been like this supportive of children to support. My children are
00:56:50
very demanding in many ways. It's embarrassing. I do not take compliments. Wow. I know. You don't just take it.
00:56:55
Happy birthday, first of all. I know you don't like it, but I'm happy it's your birthday. I'm glad you're still here. It
00:57:01
hurts. Let's just say um Don't worry. I will feed you
00:57:06
when you bet 92. I'll be feeding you soft foods. Don't worry. We're going to be like, do you know that I'll do you know those guys from from
00:57:14
Viv at the end when they're showing them later in life? Yeah. And that guy is so foul and rude to his
00:57:19
intern. Yeah. and his in and then he's pushing his intern around in a wheelchair just insulting him.
00:57:24
Yes. Yes. Exactly. It's gonna be you pushing me around. Yes, I am going to do that. Anyway, I hope you get to the top of the list. I'm
00:57:30
very excited for your tour that's coming up. Um, and we want to hear from you. Send us your questions about business
00:57:35
tech or whatever's on your mind. Go to nymag.com/pivot. Submit a question for the show or call 85551 pivot. Speaking of Scott Galloway,
00:57:43
elsewhere in the Karen Scott universe, on the latest episode of On with Caris Fisher, I spoke with someone named Scott
00:57:48
Galloway about his new book, Notes on Being a Man. Here we go. Not enough Scott. We don't have enough Scott here.
00:57:54
I know we don't. This We have our show. We can use it to talk about ourselves in our our work. It's a very good book.
00:58:00
Anyway, you talked um very candidly about your father like you did on the view. I don't think he weeped, but let's
00:58:05
listen to a clip. for 10 years, the last 20 years of his life, whenever we talk
00:58:11
on the phone, he'd say, "I love you." And it took me 10 years to say it back because it just felt awkward. I'm like, "Dad, I could have used this at 8. I
00:58:17
don't need it at 38." But let me put it this way. At a very basic level, Cara, he tried. He was
00:58:24
better to me than his father was to me. And also, I have made an exceptional living communicating.
00:58:30
I got that from my father. My father could hold a room like no person. And I have to acknowledge. And just because he didn't try, he didn't give it to me on a
00:58:36
silver platter. There's no reason you can't be grateful. That was a very nice thing. I asked you what good thing because you talked a lot
00:58:42
about the deficits that you faced, but I thought it was important to point out the good things. Well, this is this is going to be
00:58:48
shocking to our viewers. You're actually a you know, a decent a decent kind of mediocre maybe good interviewer. You're
00:58:54
actually okay. You're you know, you're getting there. I heard people
00:58:59
getting there. Not bad. Not bad. Thank you. It was a good interview and you're going to see a lot of Scott, but
00:59:04
that's the one you should pay attention to. Anyway, uh that's the show. Thanks for listening to Pivot and be sure to like and subscribe to our YouTube
00:59:11
channel. We'll be back on Friday, our last show before our week-long series of shows. We're going to run out of things
00:59:17
to talk about. Uh we're going to we're going to be coming there in Elon's flying car,
00:59:22
obviously. Uh and and maybe we will uh have the Robo Van in one place or something like
00:59:29
that. Anyway, Scott, read us out. Today's show is produced by Larara Neman, Zoe, Marcus Taylor Griffin, and
00:59:34
Christine Driscoll. Aaliyah Jackson engineered this episode. Jim ML edited the video. Thanks also to Jubos, Miss
00:59:41
Seo, Dan Shalon, and Kate Gallagher. Nishak Kuras, Vox Media's executive producer podcast. Make sure to follow
00:59:46
Pivot on your favorite podcast platform. Thanks for listening to Pivot from New York Magazine and Vox Media. You can
00:59:51
subscribe to the magazine at nymag.com/pod. We'll be back later this week for another breakdown of all things tech and business.
