00:00:00
He has lost his mind. He is cognitively
00:00:02
disabled mad King George as it's getting
00:00:04
and it's getting worse.
00:00:12
>> Hi everyone, this is Pivot from New York
00:00:14
Magazine and the Vox Media Podcast
00:00:15
Network. I'm Carara Swisser
00:00:17
>> and I'm Scott Galloway.
00:00:18
>> How you doing Scott?
00:00:20
>> Uh I'm tired. I took the red eye back
00:00:23
from Mexico.
00:00:24
>> Mhm.
00:00:25
>> But uh fortunately the infrastructure is
00:00:27
so superior. at the airport's in Mexico
00:00:30
now. Took me about 3 minutes to get and
00:00:32
I'm not exaggerating.
00:00:33
>> I agree.
00:00:34
>> I texted my assistant. I said, "Should I
00:00:36
get to the airport early?" And she said,
00:00:37
"Oh, no, not to worry. It's Mexico." And
00:00:39
I'm like, "Jesus Christ, how far
00:00:40
>> we're going to get into that. It's
00:00:42
really weird. I have to tell you, I'm so
00:00:45
glad I'm not traveling this week. We
00:00:46
traveled a lot last week for South by
00:00:48
Southwest and it was quite fine. It even
00:00:51
though it was sort of building the idea,
00:00:53
it was building in these airports. Um,
00:00:55
we'll talk about it, but I am so happy
00:00:57
I'm not traveling. And it seems like
00:01:00
airports, it's like lines, delays,
00:01:03
crashes, and ice. Okay, let's get to the
00:01:06
news. Two pilots are dead after an Air
00:01:08
Canada plane and a firetruck collided at
00:01:10
LaGuardia Airport on Sunday evening.
00:01:12
There's there's stoppages at Newark
00:01:14
everywhere. As we record this, LaGuardia
00:01:16
is closed. The accident comes as
00:01:18
airports. Chaos across the country, not
00:01:21
just TSA lines uh due to a DHS shutdown
00:01:25
because they're not paying the TSA um
00:01:27
security people. The Trump
00:01:28
administration is now sending ICE agents
00:01:30
into airports there. They can't wear
00:01:32
masks because there's no criminals
00:01:34
apparently. Border control uh ZAR Tom
00:01:37
Hman says ICE will be there to help move
00:01:38
these lines along. I think he was told
00:01:40
about it in a truth social and that he
00:01:42
had to do something about this. Poor
00:01:44
feckless guy is like, "Oh god." Trump
00:01:46
just announced if ICE isn't enough to
00:01:48
help at the airports, he'll bring in the
00:01:49
National Guard. TSA workers have been
00:01:51
calling in sick in record numbers and
00:01:52
more than 400 officers have outright
00:01:54
quit since the shutdown began in
00:01:56
February. They're not being paid. Um
00:01:58
there there was just a report that there
00:02:00
was an agreement between John Thun and
00:02:02
the Democrats which Trump rejected. This
00:02:04
is fully in Trump's this chaos is
00:02:06
Trump's chaos. Um he's uh he's trying to
00:02:09
send ICE to do this. Elon Musk, as
00:02:11
usual, because he can't, you know,
00:02:13
because he's a narcissistic prick, has
00:02:14
inserted himself into this, offering to
00:02:16
pay TSA salaries during the shutdown.
00:02:18
This is not how we want to fund
00:02:19
government. President Trump says um that
00:02:23
it's it's the Democrat's fault. It's
00:02:24
clearly chaos follows him wherever he
00:02:27
goes and he won't do any deal because of
00:02:29
the Democrats want to put strictures on
00:02:31
some ICE activities, which seems
00:02:32
appropriate. Um any thoughts on this?
00:02:34
And and airports suck for people. You're
00:02:36
seeing videos after video after video of
00:02:38
the lines, the chaos, uh the shutdowns,
00:02:42
the the lack of security, the
00:02:44
possibility of accidents everywhere you
00:02:46
go. Any thoughts?
00:02:51
>> You want another attack on the middle
00:02:54
class is that
00:02:57
probably the most obvious investment in
00:03:00
the middle class is investments in
00:03:02
infrastructure.
00:03:04
Because when people can get to work,
00:03:07
when people have more opportunities,
00:03:08
when people can spend more time with
00:03:09
their families, when people have an
00:03:11
absence of stress, when they can take
00:03:12
their kids to Disneyland,
00:03:15
you know, that's that's accretive to the
00:03:18
prosperity of their life. And a a fairly
00:03:20
decent metric for the progress of a
00:03:22
civilization and how much it cares about
00:03:24
its civil,
00:03:26
how much it cares about its middle class
00:03:28
is its investments in infrastructure.
00:03:30
And when you see this type of political
00:03:32
warfare breaking out, I mean, here's
00:03:35
what's happened. It doesn't The 1%
00:03:38
that that controls our government now
00:03:41
has their own infrastructure.
00:03:43
Um, I mean, I
00:03:47
their own their own transportation,
00:03:49
their own planes, their own security,
00:03:50
their own police force. If you just give
00:03:52
a little bit of money away, you can get,
00:03:55
you know, your own practically your own
00:03:57
fay in government. So, I'm not
00:03:58
exaggerating. I I go to the Cancun
00:04:01
airport,
00:04:03
you know, I I buy a, you know, whatever.
00:04:06
I bought some
00:04:06
>> survea
00:04:07
>> bad. Yeah. I bought a Modello especiial
00:04:10
and there was no security line and I
00:04:13
thought, "Oh, I have to come to Mexico
00:04:15
for an investment in the middle class."
00:04:17
>> Yeah.
00:04:17
>> Anyways, I find the whole thing
00:04:19
incredibly discouraging. Typically
00:04:20
before
00:04:22
um our podcast, I do 30 seconds of
00:04:24
research. In this one, I just couldn't
00:04:26
do it. I just couldn't do it.
00:04:28
>> Yeah. Well, it's not a very good look.
00:04:30
Who do you look? I hate to say who looks
00:04:31
better here, but I think this is one of
00:04:33
these visceral things. The way the
00:04:35
attacks on Minneapolis were, this is a
00:04:37
visceral thing that goes all over.
00:04:40
>> They blame Trump or do they blame
00:04:41
government in general?
00:04:42
>> I think they blame Trump. I think chaos
00:04:44
follows this guy and and it looks like
00:04:46
there's very clear reports the
00:04:47
Republicans tried to settle it and he
00:04:49
refu he's refusing. He refuses to give
00:04:51
in.
00:04:53
>> Well, that's but see that's the problem.
00:04:54
If you want to if you want to end the if
00:04:58
you want to get air traffic controllers
00:05:00
and TSA paid, it's pretty easy.
00:05:03
>> Just cancel all
00:05:05
immediately pass legislation that
00:05:08
grounds all tail numbers that are
00:05:10
private planes. Private planes have
00:05:11
their own special type of tail number.
00:05:13
>> They do.
00:05:13
>> And all of a sudden, the prunes are
00:05:15
going to come through the constipation
00:05:17
of the legislative process and they're
00:05:19
going to figure out a way to fund TSA.
00:05:22
But the people who control our
00:05:23
government right now, unfortunately,
00:05:25
aren't as affected by this.
00:05:27
>> No, they aren't. So,
00:05:28
>> and Trump doesn't care. He doesn't care
00:05:30
about people.
00:05:30
>> He doesn't like he gives a [ __ ] that
00:05:33
lines are long at at Hartsfield Jackson
00:05:35
airport.
00:05:36
>> Yeah. What's interesting is the airports
00:05:38
that are working had private private
00:05:40
security there like San Francisco and
00:05:42
some others. Um, and the ones that had
00:05:44
TSA obviously. And if I was a TSA
00:05:46
person, I would quit too. I mean, he was
00:05:48
urging them to stay working without pay.
00:05:50
No. No, just settle your differences and
00:05:54
everyone knows that. And then to just
00:05:55
send ICE in of all things. So
00:05:57
ineffective, so inefficient.
00:05:59
>> What that what was the rationale for
00:06:00
that, dude?
00:06:01
>> I don't know what they're going to do. I
00:06:02
think I I literally from what I the
00:06:04
reporting was is he tweeted it or
00:06:06
threaded it or whatever that whatever
00:06:08
he's on, truth it. And Tom Hman was
00:06:10
like, "Oh no, what do I do?" And they
00:06:12
have to all act like, "Okay, you know,
00:06:16
we have to do some like of course we're
00:06:17
on it, but they're not on it. It's like
00:06:19
crazy mad King George." I think what we
00:06:21
have to have a conversation about and
00:06:22
we'll talk about Iran is he is lo he has
00:06:25
lost his mind. He is cognitively
00:06:27
disabled mad King George as it's getting
00:06:29
and it's getting worse as you saw from
00:06:31
the tweets. Let's as we record he says
00:06:33
he's postponing strikes on Iranian power
00:06:36
plants for 5 days claiming productive
00:06:38
talks with Iran uh to end the war. Iran
00:06:40
is denying the talks with the US just as
00:06:43
US presidents denied talking with Trump
00:06:45
about how what a good idea it was. I
00:06:47
think he's having com he's like Nixon.
00:06:49
He's talking to the portrait on the
00:06:50
wall. Over the weekend, Trump was
00:06:52
threatening to obliterate uh Iran's
00:06:54
power plants if the straight of Hormuz
00:06:56
wasn't reopened. Then he said he wasn't.
00:06:58
And then he said he was in Cox and then
00:06:59
he said this. He says a lot of things.
00:07:01
It changes from absolutely minuteby
00:07:03
minute. Iran said it would irreversibly
00:07:05
destroy essential infrastructure across
00:07:07
the Middle East if the US attacked its
00:07:09
energy sites. They are not backing down.
00:07:11
They are a lot stronger than Well, Trump
00:07:13
didn't do any homework at all. oil
00:07:15
prices fell and stocks rose after Trump
00:07:17
postponed these uh strikes be but he
00:07:20
threatened them and he may threaten them
00:07:21
again in the next 15 minutes. He seems
00:07:23
to be literally changing his everything
00:07:27
by the second. Um he probably got
00:07:30
spooked by oil and gas prices. High gas
00:07:33
prices in the last few weeks are
00:07:34
sparking uh more interest in electric
00:07:36
vehicles. We'll get to that in a second.
00:07:37
But where are we this? Because this this
00:07:40
shifting is is literally minuteby
00:07:42
minute. Like it's not it's like there's
00:07:44
four minutes that goes by and then he
00:07:46
says something different than the
00:07:48
previous thing he just said when he gets
00:07:50
in front of a microphone.
00:07:52
>> Well, this is a continuation of just a
00:07:55
total lack of objectives and no ability
00:07:58
to communicate what the objectives are
00:07:59
such that he could declare victory and
00:08:01
win. It feels as if it's spinning out of
00:08:03
control. A clear lack I mean at some
00:08:06
point in confidence comes to Roose. I I
00:08:09
was always thinking it's just amazing
00:08:10
that [ __ ] hasn't gotten worse or we
00:08:13
haven't had a disaster when he keeps
00:08:14
appointing podcasters and talk show
00:08:17
hosts and conspiracy theory theorists to
00:08:21
the most important positions in America
00:08:22
and now we're starting to see that come
00:08:24
to fruition. Of course they were going.
00:08:27
One of the downsides of globalization,
00:08:29
incredible prosperity, a lowering of
00:08:31
prices. Um, you know, you outsource
00:08:34
comparative advantage. Globalization, I
00:08:35
would argue on the whole, has been just
00:08:36
an unbelievable unlock incentive
00:08:38
cooperation. The problem with
00:08:40
globalization is it creates a series of
00:08:42
choke points that can bring the global
00:08:43
economy down. One of those choke points
00:08:46
>> are the straits of Hormuz. And a lot of
00:08:48
people said it was a choke choke point,
00:08:49
but whoever was saying that they weren't
00:08:51
>> they weren't listening to. and you have
00:08:55
effectively the world is likely going to
00:08:57
go into some sort of fairly either
00:09:00
modest or maybe even a deep recession.
00:09:03
Um, and everyone talks about our energy
00:09:04
independence. Yeah, we're strategically
00:09:07
from a defense standpoint not that
00:09:08
vulnerable, but we're going to have to
00:09:10
pay the same higher prices as everyone
00:09:12
else. And even even the numbers around
00:09:14
well prices were down today because he
00:09:16
claims to be having talks. There's now
00:09:18
fear that uh he's sending combat troops
00:09:20
and amphibious vehicles into the region
00:09:22
and
00:09:23
>> then he said he wasn't then he said he
00:09:24
was then he said he was and that they
00:09:26
they're going to try and maybe take the
00:09:28
island of Kar which is responsible for
00:09:29
95% of the throughput in exchange for
00:09:32
them opening hormuz the president of
00:09:34
Finland said that Europe should support
00:09:36
the efforts to uh escort ships to the
00:09:39
straight of Hormuz in exchange for Trump
00:09:41
committing to supporting Ukraine. And
00:09:43
what's interesting about
00:09:45
>> what's interesting I think or the
00:09:46
dynamic I'm seeing emerging here is the
00:09:48
key word that's coming out of both this
00:09:51
>> this war and the war in Ukraine is one
00:09:52
word asymmetry and that is well two
00:09:56
words asymmetry and distraction and that
00:09:58
is generally speaking the world's powers
00:10:02
shaped by economics and military
00:10:03
strength and if you go to the latter
00:10:05
military strength was a function of
00:10:07
really expensive sophisticated platforms
00:10:11
of which only a few nations could
00:10:12
produce just a small number of them and
00:10:14
they were devastating. Now it's moving
00:10:17
to the following dynamic. A a um a
00:10:22
Shahed drone costs 25 to $40,000,
00:10:26
but the Patriot missile to shoot it down
00:10:28
costs 4 million.
00:10:30
>> Yeah.
00:10:30
>> And so all of a sudden you have the
00:10:33
ability to create cheap and cheerful
00:10:36
massive armaments.
00:10:38
>> Yep. using AI and GPS that can overwhelm
00:10:41
the most sophisticated machines
00:10:43
>> speedboats. You know, I had that
00:10:44
interview with with Tender Warner where
00:10:47
he talks about this. He's like
00:10:48
>> aircraft carriers versus zodiacs
00:10:49
>> weeks ago. He's like, "Look, we're going
00:10:51
to lose cuz this drone that costs
00:10:53
nothing is going to, you know, det is
00:10:56
going to hurt our ships or these these
00:10:58
Zodiacs or whatever it happens to be."
00:11:00
But they have the ability to do this.
00:11:02
And I think they miscalculated just how
00:11:04
many of them Iran had and just how
00:11:07
strong the government was. I think they
00:11:10
I think both Israel and the United
00:11:11
States thought there'd be a popular
00:11:13
uprising. There hasn't been. Um it
00:11:16
certainly could happen, but it doesn't
00:11:17
seem to be happening because as Warner
00:11:19
noted quite correctly because he does
00:11:21
his homework. This group of people have
00:11:24
has a grip on power there. terrible
00:11:26
group of people, but they they are in
00:11:28
control of this comp country in a way
00:11:30
that Trump did not seem to understand. I
00:11:33
guess
00:11:34
>> he didn't anticipate them attacking
00:11:35
their neighbors. I think long-term
00:11:37
that's a strategic blunder on their
00:11:38
part, but we used to worry that our
00:11:40
aircraft carriers might be
00:11:41
>> vulnerable to a Chinese hypersonic
00:11:43
missile. It's not. They're vulnerable to
00:11:46
hundreds of Zodiacs going 30 miles an
00:11:49
hour. And
00:11:52
also, I mean, I mean, it's the the
00:11:55
reason why Ukraine has, despite
00:11:58
unbelievable odds, been able to push
00:12:00
back against a far superior military
00:12:03
power and economy and Russia is the same
00:12:05
reason
00:12:07
>> that Iran is a greater threat and is
00:12:09
able to create more disruption now than
00:12:11
we had anticipated. And it's all comes
00:12:12
down to this one word,
00:12:14
>> asymmetry. And then the second word is
00:12:17
distraction. And that is and Fred
00:12:18
Zakaria did a fantastic piece on this at
00:12:20
the end of the at the end of the 20th
00:12:23
century. Britain was the world's
00:12:25
dominant superpower controlling about a
00:12:27
quarter of the world's GDP very similar
00:12:28
to what we control. And they got bogged
00:12:31
down in a series of conflicts overseas
00:12:34
that took away their political, their
00:12:35
economic and their military focus and
00:12:37
weaken them at home such that Germany
00:12:40
could industrialize.
00:12:41
>> Yeah.
00:12:42
>> And that we might be falling into the
00:12:44
same trap. a little group of Americans
00:12:46
with just guns and some moxy, you know,
00:12:49
that's the kind of thing. I mean, you
00:12:50
have to sort of make these historical
00:12:53
links because no one would have thought
00:12:55
we would have beaten the British, right?
00:12:58
But we had more at stake, right? Or we
00:13:00
had more reasons and good reasons. Um,
00:13:03
but I think I think the problem is again
00:13:06
Trump equals chaos. It's like it doesn't
00:13:08
have a point. The this this airline
00:13:10
thing doesn't have a point. It's going
00:13:12
to hurt airlines. It's going to hurt
00:13:14
customers. It's going to hurt travel and
00:13:17
tourism. Uh it's going to get people not
00:13:19
to travel. It's going to hurt the
00:13:21
economy in all manner of ways. And the
00:13:24
same thing with this. It's going to hurt
00:13:25
everybody. Now, interestingly, with this
00:13:27
oil and gas price spikes, high prices
00:13:30
are sparking more interest again in
00:13:32
electric vehicles, which had seen a
00:13:33
fall-off. And searches for EV models are
00:13:35
up quite a bit, 20% here in the US since
00:13:38
the Iran conflict begin. It's not just
00:13:40
in the US. BYD dealerships across Asia
00:13:42
are also seeing a spike in demand. Um,
00:13:45
it's a really interesting moment because
00:13:47
for people who don't understand, let me
00:13:50
tell you, range anxiety is really going
00:13:52
away. It's in a way that's really
00:13:54
significant.
00:13:55
>> I'm sorry. You said range anxiety.
00:13:56
>> Rain range anxiety anxiety. People worry
00:13:59
about not being able their cars will run
00:14:01
out of electric essentially and that is
00:14:04
not doesn't exist now.
00:14:05
>> What can take away anxiety? I'm in.
00:14:07
Right.
00:14:07
>> I tried Xanax last night and even that
00:14:09
[ __ ] didn't work.
00:14:10
>> No, just a plug. That's all you need is
00:14:12
a plug. And these
00:14:13
>> I have several of those, but I do that
00:14:14
for fun.
00:14:15
>> Yeah, exactly.
00:14:16
>> Oh, wait. No, I'm sorry. An electric
00:14:17
plug. Excuse me. Never mind.
00:14:19
>> Called for. Anyway, electric vehicles
00:14:21
are seeing a spike. This is not a
00:14:22
surprise. But I have to say uh for the
00:14:24
first time in my I have of a gas car and
00:14:27
electric car. I'm thinking of just going
00:14:28
all electric because I don't feel range
00:14:31
in. That's the issue is that I better
00:14:33
have a car to get out of here in case of
00:14:34
the apocalypse essentially.
00:14:36
>> Well, that might be. Okay. So that might
00:14:38
be if there is a silver lining here over
00:14:40
the medium and the long term.
00:14:42
>> It does put a you know $60 a barrel oil
00:14:46
does not help alternative energy.
00:14:49
>> It doesn't.
00:14:50
>> And
00:14:51
this I don't think this is going to be
00:14:53
worth the price. I've been more
00:14:55
optimistic about the potential outcomes
00:14:56
of this this what should have been a
00:14:58
conflict or a military operation out of
00:15:00
war than most people. But hopefully this
00:15:03
does give a renewed focus on I mean if
00:15:06
China hadn't busted a very strong move
00:15:09
to alternatives they would be really
00:15:12
[ __ ] and they're still [ __ ] but it
00:15:14
kind of renews the importance of being
00:15:16
independent and not being subject to
00:15:18
these choke points around
00:15:20
>> in a variety of ways not just
00:15:22
>> and actually did I tell you this your
00:15:25
>> your ex-wife
00:15:26
>> Mhm.
00:15:27
>> we spoke at where was I?
00:15:29
in South by Southwest.
00:15:31
>> Yeah.
00:15:31
>> And she ran after, of course, my
00:15:33
favorite South by Southwest moment was
00:15:34
after a talk, she came up and started
00:15:36
answering questions for me as people
00:15:38
were asking me questions.
00:15:40
And by the way, her answers were pretty
00:15:42
good. He's very
00:15:43
>> Anyways, she this time she ran after me
00:15:47
as I was headed out and because I was
00:15:48
talking about Iran and
00:15:50
>> could be anything
00:15:51
>> and she showed me the site
00:15:53
>> and it shows at any given moment
00:15:56
>> where Texans are getting their
00:15:58
electricity for air conditioning and
00:16:00
everything.
00:16:00
>> Oh yeah, she's on to the Texan thing.
00:16:02
>> And at that moment she pulled it up, 60%
00:16:05
of the electricity
00:16:06
>> Mhm. was coming from wind power in Texas
00:16:09
and another 18% was coming from solar.
00:16:12
So Texas which is supposed to be the
00:16:14
epicenter of oil and gas and land man
00:16:16
>> at that moment was getting 78% of its
00:16:18
energy electricity.
00:16:19
>> Yeah.
00:16:20
>> From um from renewables.
00:16:23
>> Yeah.
00:16:24
>> Anyways I I I the
00:16:27
>> this is getting it is so the the
00:16:30
incompetence chickens are coming
00:16:33
>> to roost
00:16:33
>> to roost.
00:16:34
>> Yeah. Yeah. you know, the rightwing is
00:16:36
going the right-wing podcasters are
00:16:38
really going after Heg Seth and Trump on
00:16:40
the war and stuff
00:16:40
>> and we need to be really thoughtful
00:16:42
about um this whole notion of asymmetric
00:16:46
warfare. It just you can't and it's so
00:16:49
interesting. They launch multiples of
00:16:52
these drones and they change altitude so
00:16:54
the GPS locators trying to fight back
00:16:56
get confused and then but Ukraine is
00:16:59
coming up with all sorts of sorts of
00:17:01
defense drones. It's just going to open
00:17:03
up an entirely different I I think
00:17:06
you're going to see massive uh and you
00:17:08
you actually pointed this out that
00:17:11
Ukraine uh is gonna is going to assuming
00:17:14
we ever get to something resembling a
00:17:16
state a sustainable peace that gives
00:17:17
people the confidence to invest.
00:17:20
>> You're going to see an unbelievable I
00:17:22
think technology boom there around
00:17:23
defense.
00:17:24
>> Actually, if I were like advising my son
00:17:26
Alex and go to Ukraine when this is all
00:17:28
over and you will have you will be a
00:17:30
billionaire. like it'll be it's so it's
00:17:32
going to be so exciting there. I think
00:17:34
there's corruption issues there very
00:17:36
significant including with Zilinsk's
00:17:38
government and stuff especially with
00:17:41
Galenc's government but yes it's
00:17:42
absolutely an opportunity. What's really
00:17:44
interesting here is um is is again all
00:17:48
of this has chaos attached to it and we
00:17:50
do not need more chaos anyway and by the
00:17:52
way on our 250th birthday coming up
00:17:54
guess who did this that kind of military
00:17:57
tactics the US revolutionaries. um in
00:18:00
order to beat the very much more
00:18:02
organized and much more um at the time
00:18:04
militarily uh superior British. Anyway,
00:18:08
>> let's go.
00:18:08
>> But we just hid behind trees. We refused
00:18:10
to march in a first we were we refused
00:18:12
to march in a straight line.
00:18:13
>> No, we didn't do marches. We didn't
00:18:16
>> and have bright red coats that were
00:18:17
great targets at dusk and night.
00:18:20
>> Yeah.
00:18:20
>> So funny. You're in my algorithm. I I
00:18:23
got served that great tomahawk scene of
00:18:25
Mel Gibson with his and his kids killing
00:18:27
like 90
00:18:28
>> Yeah. I can't stand Mel Gibson as Mel
00:18:31
Gibson, but I love all his movies.
00:18:32
>> Oh, he's a fantastic one. I know, but
00:18:34
he's a terrible person. Anyway, um I do
00:18:37
I love all those movies. I hate that I
00:18:39
love them, but I love them. Every one of
00:18:40
them.
00:18:40
>> Fantastic.
00:18:41
>> Anyway, that's the Patriot you're
00:18:42
talking about. That's the Patriot. Yeah.
00:18:44
Okay, Scott, let's go on a quick break.
00:18:46
When we come back, Elon loses in court.
00:18:49
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00:20:58
Scott, we're back with more news. A jury
00:21:00
found Elon Musk liable for misleading
00:21:02
Twitter investors in the run-up to his
00:21:04
purchase of the platform in 2022.
00:21:05
Damages could reach up to $2.6 billion.
00:21:08
Musk legal team obviously plans on
00:21:10
appealing the ruling. He also he also
00:21:12
didn't have the the worst of the of the
00:21:14
things he didn't the jury didn't find
00:21:16
around fraud and everything else. Um, by
00:21:19
the way, he's been very busy this week
00:21:20
besides offering to pay TSA. He's uh
00:21:23
busy he's got to shut up. I felt like
00:21:25
that this week. He's busy keeping his
00:21:26
hands in politics. He's been fixated on
00:21:28
advocating for the passage of the Save
00:21:30
America Act, a strict voter ID bill,
00:21:32
attacking Senate Majority Leader John
00:21:34
Thun in the process, even though there's
00:21:35
very little um evidence. And by the way,
00:21:38
the New York Times is just outright
00:21:39
saying it that there there is any voter
00:21:41
fraud in these areas or examples of it.
00:21:43
He's still holding influence in Ukraine,
00:21:45
by the way, in a positive way, having
00:21:46
cut off Russian forces, Starlink
00:21:48
internet access last month. That's cuz
00:21:50
they were getting them through the black
00:21:51
market. The Russian forces using
00:21:53
Starlink and he cut them off. Very good.
00:21:54
Good job, Elon. Let's give you kudos for
00:21:56
that. And over at his other business,
00:21:58
Tesla seemed semi-truckss are finally
00:22:00
here actually winning over truck
00:22:02
drivers. It looks like a pretty good
00:22:03
product. And Tesla says as Tesla and
00:22:06
SpaceX will launch Terrafab chip project
00:22:08
in Austin because semiconductor
00:22:10
manufacturers aren't making chips fast
00:22:11
enough. Um that's not a surprise. I
00:22:13
think everyone's doing that. Everyone's
00:22:15
going to be doing that. But sort of it's
00:22:16
a mixed bag here. This this jury trial,
00:22:19
we'll see. He'll probably like exhaust
00:22:21
them with appeal after appeal. But the
00:22:23
jury didn't like what they heard how he
00:22:25
behaved. And he still has never paid for
00:22:27
his misbehavior when it comes to the SEC
00:22:29
and others. He tends to win or get off.
00:22:32
Um, any thoughts on that or any of these
00:22:34
topics?
00:22:36
>> The definition of market manipulation is
00:22:38
what he engaged in. If I were on a board
00:22:40
and I went out and and said falsely on
00:22:43
Twitter that as a board member with
00:22:46
insider information, we have funding
00:22:48
secured to take this company private at
00:22:49
a 40% premium to market and the stock
00:22:52
ran up and then it ended up not to be
00:22:54
true and all the people who bought those
00:22:55
shares at an elevated price. I think I'd
00:22:58
be in jail. I know I could never serve
00:23:00
on board of directors again,
00:23:02
>> but here's the problem. He's gonna be
00:23:04
found I think he's gonna be found
00:23:05
guilty. I think he's going to be fined
00:23:06
$2 billion and it doesn't [ __ ]
00:23:08
matter. And
00:23:09
>> the the right answer is is just
00:23:11
>> But he was found guilty. Let's the
00:23:13
damages in this. It's not guilty. It's
00:23:14
>> But he'll appeal it, right?
00:23:15
>> He's appealing. It's liable, not guilty.
00:23:18
Just
00:23:18
>> I think excuse me, because it's a civil
00:23:20
case, it's liable. Thank you. But here's
00:23:22
the here's the unfortunate thing. It
00:23:24
doesn't [ __ ] matter to him. And it's
00:23:27
not a the point of a justice system is
00:23:30
not only punishment, but it's to create
00:23:33
incentives so people don't do things
00:23:34
again. And in not only criminally, but
00:23:36
in civil litigation. And what we need to
00:23:39
move to is what they're proposing with a
00:23:41
wealth tax. And that is the whole point
00:23:42
of a wealth tax is we're going to take a
00:23:44
percentage of your wealth. And now I'm
00:23:47
against wealth tax tasks, not
00:23:49
theoretically or philosophically, but
00:23:51
practically they just don't work. But we
00:23:53
need to move to some sort of
00:23:55
proportionate civil liability fines. And
00:23:57
that is the following. It's not a $2
00:23:59
billion fine. It should be 20% of your
00:24:01
net worth. And that is if you if you
00:24:04
commit this type of market manipulation
00:24:07
that where people lose faith in the
00:24:10
markets, you don't own $2 billion. You
00:24:13
owe 20% of your net worth. Uh otherwise,
00:24:17
what is the incentive not to do this
00:24:19
again?
00:24:19
>> Yeah. So, so and the same thing should
00:24:22
be happened uh should happen with when
00:24:25
Meta has is when Meta is found guilty of
00:24:28
creating addictive products and so is
00:24:30
Alphabet. It should
00:24:31
>> that's the other case.
00:24:32
>> It shouldn't be a billion dollar fine.
00:24:33
It should be 10% of the market
00:24:35
capitalization,
00:24:36
>> but it won't be. So, what's going like
00:24:37
here the juries now? It's interesting.
00:24:39
It wasn't a judge trial. They decided to
00:24:40
do a jury trial. So, jurors do not like
00:24:42
this guy obviously. And he's he very
00:24:44
clearly
00:24:45
>> he's not a sympathetic character.
00:24:46
>> He's not a sympathetic character
00:24:47
anymore. And he has gotten off on the
00:24:48
pedo thing. He got off on the 420 thing.
00:24:50
He got off on funding secure. He's
00:24:53
gotten off over and over again. And what
00:24:55
he either he either wears people down or
00:24:57
continues to attack, right, when he lost
00:25:00
in in court to the Center for um
00:25:03
countering digital hate, he went back
00:25:05
again or he pushed the government into
00:25:07
bothering the the person who founded it.
00:25:10
I mean, this is the thing is he just
00:25:12
keeps on coming and like this fixation
00:25:14
on the save act, which is evidence-free
00:25:17
um that there's issues that they're
00:25:19
trying to solve here. And at the same
00:25:21
time, here he is doing this kind of cool
00:25:23
technology in Ukraine or the truck or
00:25:25
the the I don't know if he's going to be
00:25:27
successful in the chip project, but I
00:25:29
wish he would just do that, right?
00:25:32
>> I mean,
00:25:34
um I was going to say it's called Pivot,
00:25:36
but there could be a podcast. It's
00:25:37
called Musk. He creates so much news. I
00:25:39
mean the guy is a big thinker and
00:25:40
creates a lot of news. Look, I am I am
00:25:45
super excited about the prospect.
00:25:48
Uh I I'm anything that helps the brave
00:25:52
people of Ukraine and their army defend
00:25:54
against Russia and push back on it. I I
00:25:56
applaud I applaud Elon for doing this.
00:26:00
I'm thrilled about it. At the same time,
00:26:03
it represents something much scarier and
00:26:06
that is there shouldn't be one
00:26:08
individual that has the ability who is
00:26:10
unelected
00:26:12
and not subject to any sort of
00:26:15
>> what he feels like.
00:26:16
>> The biggest criticism I would argue the
00:26:17
big
00:26:18
>> say if he got Molly from the lady in the
00:26:20
bathroom.
00:26:21
One of the most valid criticisms of
00:26:23
Trump's unilateral war with just one
00:26:26
other country is he didn't even he
00:26:28
didn't even get any sort of advice or
00:26:30
approval from Congress much less do what
00:26:32
George Herbert Walker Bush did and that
00:26:34
is get a consent or get approval from
00:26:36
the UN.
00:26:37
>> He acted some people would argue
00:26:38
unilaterally. Now a lot of people would
00:26:40
say he didn't act unilaterally. He got
00:26:41
79 million votes. Okay.
00:26:45
Musk is changing the face of war.
00:26:48
Fortunately for what I think is in the
00:26:50
right direction
00:26:51
>> in this case
00:26:52
>> but should that's right but should one
00:26:54
man be able to accrete so much wealth
00:26:56
and technical mastery that he or she
00:26:58
>> can change the course of civilization
00:27:01
and war
00:27:02
>> this is we keep talking about the wisdom
00:27:04
of crowds the ignorance of the
00:27:05
individual is really frightening
00:27:07
>> yeah I like that the wisdom of crowd the
00:27:10
ignorance
00:27:10
>> I just made that up I think the kicking
00:27:12
in you always do things like this so
00:27:15
you're just being nice to me cuz we got
00:27:16
in an argument this weekend
00:27:17
>> we did we But now that's done.
00:27:19
>> The
00:27:20
it is d power corrupts and absolute
00:27:23
power absolutely corrupts and we should
00:27:26
not have any individual that accreted so
00:27:29
much wealth and power and technical
00:27:31
sophistication that they can change the
00:27:32
course of civilization. Now some people
00:27:34
would argue that Napoleon did that or
00:27:37
Genghask Khan
00:27:38
>> but these people were incredibly
00:27:40
>> people who've done that
00:27:41
>> but they were incredibly savvy and they
00:27:43
worked their way through power
00:27:45
structures and ultimately ultimately
00:27:48
they fell but I am uncomfortable
00:27:51
with someone who is not elected by
00:27:53
people who's not accountable to anybody
00:27:55
who can pay his way out of or appeal his
00:27:58
way out of any civil or possibly
00:28:00
criminal I mean Christ I I hate to go
00:28:03
The only person imprisoned from the
00:28:04
Epstein files is a woman,
00:28:06
>> right?
00:28:06
>> And so it's it's okay if
00:28:08
>> she should be there.
00:28:10
>> I'm not arguing that. My my belief is
00:28:13
there should be other people in the
00:28:14
cells next
00:28:15
>> agrees. Yeah.
00:28:16
>> Looks like they shut down a lot of these
00:28:18
investigations right at the beginning of
00:28:20
the Trump.
00:28:20
>> But what happens when
00:28:23
But what happens if Musk all of a sudden
00:28:25
decides, I'm pissed off with the left
00:28:27
criticizing me. I'll show them. and he
00:28:30
turns off Starlink in the middle of a a
00:28:32
ground offensive trying to push Russia
00:28:34
trying to push Ukraine out of
00:28:36
>> you know
00:28:37
>> I'm just telling you it's up to the lady
00:28:39
in the bathroom with Molly that's the
00:28:41
problem seriously
00:28:42
>> but that's that kind of that but that
00:28:44
kind of summarizes
00:28:45
>> what does he feel like today did he get
00:28:46
did he have a nice night with his lady
00:28:48
friend or did he have a bad fight
00:28:51
>> so to a certain extent Donald Trump in
00:28:52
some ways well I mean is more dangerous
00:28:55
but what's more dangerous someone who
00:28:56
commands the US military
00:28:58
>> or someone who commands two of the
00:29:01
world's low earth satellites.
00:29:03
>> Yeah.
00:29:04
>> But has
00:29:04
>> I say Musk Musk
00:29:06
>> but is not elected by the public. I mean
00:29:08
you can make the argument that okay no
00:29:11
we chose Trump.
00:29:12
>> We did we didn't but but Congress we
00:29:15
also believe in three parts of
00:29:17
government and that's
00:29:18
>> agreed. But he has more legitimacy.
00:29:20
>> Correct.
00:29:21
>> He has more legitimacy to make these
00:29:23
type of decisions than Musk.
00:29:24
>> Yes. But not this decision.
00:29:26
>> I when I first heard this I'm like oh
00:29:28
that's great. Good for him. I even put
00:29:30
out a thread saying, "Well done, Elon
00:29:31
Musk."
00:29:32
>> And then I thought, "Fuck,
00:29:34
>> what I don't I want him to have to go to
00:29:38
Senators Kelly, Clolobashar, the Joint
00:29:40
Chiefs of Staff."
00:29:41
>> What should I do? He may have
00:29:42
>> and Senator Warner. You think he might
00:29:44
have?
00:29:44
>> I don't know. I don't know.
00:29:45
>> He might be coordinating. That's a fair
00:29:47
point. Maybe it's coordinating with our
00:29:49
joint joint chiefs.
00:29:50
>> My doubt. Who knows? I I suspect he's
00:29:52
probably in I mean, I don't know. When I
00:29:54
got approached many years ago by that
00:29:56
Ukrainian defense person asking if I
00:29:59
could call him to turn to stop geoencing
00:30:02
Crimea, I was astonished and they were
00:30:05
like, "Could you do that?" I'm like,
00:30:06
"Why is one person deciding this?" like
00:30:09
why isn't the I remember that's was the
00:30:12
center of our beef at the I was it was
00:30:14
anyway um
00:30:16
>> but also I do want to say I do think
00:30:18
just calling balls and strikes I think
00:30:20
the
00:30:21
>> the Tesla semi-truck is a winner
00:30:23
>> looks great looks great it's a winner
00:30:24
looks great we give you that it looks
00:30:26
good we'll see how how if they can roll
00:30:28
it out but it looks great um agreed
00:30:30
agreed it looked I was looking I was
00:30:32
reading all about it this weekend looks
00:30:33
fantastic
00:30:33
>> and not only that but that is
00:30:35
>> he could make innovative things that's
00:30:37
where he should focus is clearly a
00:30:38
genius. All right,
00:30:39
>> stop focusing on hate, Neon. Focus on
00:30:41
the things you do that are good.
00:30:43
>> And I've always thought that ground zero
00:30:46
ground the most obvious autonomous
00:30:48
something like 90% of the damage done to
00:30:50
our highways is trucks.
00:30:52
>> Yeah.
00:30:52
>> And you talk about a 10 to 4 10 p.m. to
00:30:57
4:00 a.m. It's not a great job. It's not
00:30:59
a healthy job.
00:31:01
>> So, it's always felt like if there's if
00:31:03
there's ground zero for autonomous, I've
00:31:05
always thought it's long haul trucking.
00:31:07
Yep. You should look at my interviews
00:31:08
with the Aurora CEO Chris Erson who
00:31:10
started Google the Google autonomy.
00:31:13
>> Well, I was going to say how is Aurora
00:31:14
doing but I don't want to go.
00:31:15
>> Yeah, I don't I'm just saying I love all
00:31:16
these efforts and I'm thrilled with I've
00:31:19
never wanted to own a semi-ractor
00:31:21
trailer. I'd like one of those.
00:31:22
>> You are absolutely not getting one.
00:31:24
Never. I I don't think you've ever
00:31:25
driven me anywhere and I don't think
00:31:27
you're ever going to um the Trump I grew
00:31:30
up in California. I'm sick from the age
00:31:32
of 15. We have never you have never
00:31:34
driven me in a car. Well, what do you
00:31:36
want? Two sensitive men so both people
00:31:38
can be crying in the car in the parallel
00:31:40
parking spot remains.
00:31:41
>> I've driven you. I have driven you in a
00:31:42
car, but I don't think you've ever
00:31:43
driven.
00:31:43
>> You're You are You're a good driver. It
00:31:45
was in a mini. You were in a
00:31:46
>> I don't think anyone would say that. I'm
00:31:48
an angry driver. I try not to drive as
00:31:50
much as I can. Anyway, let's
00:31:52
>> sit on two phone books. That was a
00:31:53
little unsettling.
00:31:54
>> No, you didn't. You're a big guy.
00:31:56
Anyway, the Trump administration sealed
00:31:57
the steering wheel. I put you in a mini.
00:31:59
I did it. I put you in a mini. I sit way
00:32:01
up front. So, the Trump administration
00:32:03
has also unveiled a national, speaking
00:32:04
of control of tech oligarchs over our
00:32:07
government, unveiled a national AI
00:32:09
framework to replace state-by-state
00:32:11
rules with one federal standard. The
00:32:12
framework proposes regulations like
00:32:14
child safety rules and standards for
00:32:15
energy use of data centers. It calls on
00:32:17
Congress to address issues like
00:32:19
intellectual property rights and
00:32:20
preventing AI systems from being used to
00:32:22
silence or censor lawful political
00:32:25
expression or descent. The
00:32:26
administration says it wants to work
00:32:27
with Congress to convert the framework
00:32:28
into a bill in the coming months. I
00:32:30
mean, I'm sorry. They are so everyone
00:32:33
involved in the government right now is
00:32:34
a tech industry shill. So it this is not
00:32:38
the states have passed I think 71 laws
00:32:41
in 27 states. It is chaotic. At the same
00:32:45
time the government has abregated all
00:32:46
power to these tech companies. So I
00:32:49
don't I don't think any good will come
00:32:51
of this. Your thoughts
00:32:54
>> there needs to be federal legislation.
00:32:56
>> Absolutely.
00:32:58
Because if California in an attempt to
00:33:01
maintain its economic growth all of a
00:33:05
sudden puts in place technologies that
00:33:08
might inhibit the growth such as okay
00:33:10
you can't use AI for surveillance of
00:33:13
Americans. I mean the CIA has a rule the
00:33:16
central one of the most covert
00:33:18
organizations in the world which I by
00:33:20
the way I think is the only organization
00:33:21
in history that can keep a secret.
00:33:24
They they have a rule. You can't they
00:33:26
don't kill American citizens. There
00:33:28
needs to be there needs to be regulation
00:33:30
and legislation around AI and it needs
00:33:34
to be a thoughtful discussion and then
00:33:37
but what I hate is just a all of a
00:33:39
sudden a race to the bottom around AI
00:33:41
where okay, Texas says it's a
00:33:43
free-for-all and you can use it to
00:33:44
surveil Americans or create
00:33:47
>> I get it. It's just our government has
00:33:48
not our federal government never made so
00:33:50
social media laws. They never made
00:33:52
privacy laws. Well, they're not making
00:33:53
laws, but they're saying
00:33:54
>> they're not doing this to create better
00:33:56
laws. They're doing it to get everyone
00:33:58
out of tech way
00:33:59
>> to delay and obuscate any attempt to
00:34:01
regulate. Yeah, I think that's
00:34:03
>> if they were doing it for they would get
00:34:04
together with Congress and do actual
00:34:07
laws that are in everybody's interests.
00:34:10
Uh and and that and that tech would be a
00:34:12
voice of many in this thing. They don't
00:34:15
want to. Let me say this is yet another
00:34:17
attempt to abregate. States are the only
00:34:20
groups that are doing something somewhat
00:34:22
effective and they shouldn't be doing it
00:34:24
but they have to because the government
00:34:26
has lo the federal government has lost
00:34:28
all responsibility for regulating what
00:34:31
is a very frightening situation uh that
00:34:33
we should all be cooperating not just in
00:34:35
this country but globally around AI
00:34:37
safety where it's going who's you know
00:34:41
on jobs on child safety on cancer
00:34:44
research on everything there should be
00:34:46
rules about surveilling citizens etc
00:34:49
etc. We are not, this is not an
00:34:50
administration I trust to do it because
00:34:52
everyone in a position of power has
00:34:54
someone else behind them who is in tech
00:34:56
and they are all grabbing for things.
00:34:58
Thank you.
00:34:59
>> Oh, in 2025, seven of the largest AI
00:35:01
companies in America, Snap X, OpenAI,
00:35:04
Bite Dance, Microsoft, Alphabet, and
00:35:05
Meta spent over $50 million on federal
00:35:08
lobbying. And by the way, best ROI in
00:35:10
history. It's not AI or capex, it's
00:35:12
lobbying. and in 2025 hired 87
00:35:16
lobbyists, roughly one of every six
00:35:18
members of Congress. Open AAI has ramped
00:35:21
up its lobbying spend nearly 70%
00:35:24
from last year. What's interesting is
00:35:27
one of the greatest brand declines in
00:35:29
history over this over the shortest
00:35:32
period of time. AI.
00:35:34
>> Think about how excited we were about AI
00:35:37
just 24 months ago. One, a Pew Research
00:35:40
poll found that Americans are five times
00:35:43
more concerned than excited about AI.
00:35:47
There are roughly double the amount
00:35:49
Americans who think AI's effect on
00:35:50
society will be negative than there are
00:35:52
people who think it'll be positive.
00:35:54
>> Worse brand destruction. You're right.
00:35:56
It
00:35:57
>> the brand erosion in AI is historic.
00:36:00
>> Twothirds of Americans think that AI
00:36:02
will eliminate more jobs than it
00:36:04
creates. Less than a third of Americans
00:36:06
trust AI and 3/4 of Americans think AI
00:36:09
poses a threat to humanity,
00:36:12
>> existential threat. Let me just say
00:36:13
ahead of the midterm, Silicon Valley has
00:36:15
poured a hund00 million into a network
00:36:17
of packs and organizations to advocate
00:36:19
for these strict AI regulations. And a
00:36:22
report from Public Citizen found that
00:36:24
one in four federal lobbyists now work
00:36:26
in AI. Think about why do you think
00:36:28
they're working there, kids? They're not
00:36:30
to help you. They're they're there to
00:36:32
help them. and they have the White House
00:36:34
captive. In any case, it would be a
00:36:36
great idea to do some bills, but not
00:36:38
with this administration, not in its
00:36:39
current form.
00:36:40
>> But this is the opening for a Democrat.
00:36:42
I spoke to someone this morning running
00:36:44
for president and
00:36:46
>> there no one on the Democratic side has
00:36:48
been able to say we need federal AI
00:36:50
regulation focused on these three
00:36:52
things.
00:36:53
>> No one has been able to articulate what
00:36:56
is needed around regulation and AI. And
00:36:58
it is a real opening for one of them
00:36:59
because it's the technology of the day.
00:37:03
It has got it's created a huge amount of
00:37:05
anxiety and yet no one has been able to
00:37:07
articulate a vision for what sensible
00:37:09
regulation that protects Americans while
00:37:12
while ensuring that our thorough breads
00:37:14
continue to run because there really is
00:37:17
economic value and we don't want to
00:37:19
hamstring our best and brightest such
00:37:21
that China gets out ahead. There are
00:37:22
real concerns on both sides, but someone
00:37:25
needs to thread the needle here and come
00:37:26
out and say AI regulation at a federal
00:37:29
legislation focused on the following,
00:37:31
you know, three things. It's a big
00:37:33
opening for a Democrat.
00:37:34
>> You know, you I just did a two-hour
00:37:36
interview with Tristan Harris. He said
00:37:37
the exact same thing. It's a big opening
00:37:39
for
00:37:40
>> Tristan. He's so good. You know, we've
00:37:42
been talking for 10 years about this
00:37:44
issue. Just
00:37:45
>> Yeah. Now, he was early to the to the I
00:37:47
hate big tech game. He's very
00:37:49
compelling, too.
00:37:50
>> You are incorrect. He does not. He's
00:37:52
like Cara Swisser. He does not hate it.
00:37:54
He doesn't like what they're doing with
00:37:55
with they made a mess of our house.
00:37:57
That's how I feel. Anyway, let's go on a
00:37:59
quick
00:37:59
>> I feel shamed.
00:38:00
>> I feel
00:38:00
>> I feel shamed.
00:38:01
>> He's a great new documentary coming on
00:38:03
called The Apocaloptimist.
00:38:05
AI apocalyp.
00:38:08
>> Apocalyptus.
00:38:09
>> Apocaloptimist. It's called the AI.
00:38:11
>> Not a creature that lives at 30,000 ft
00:38:13
below the surface. Sperm whales who
00:38:15
lives in the bathroom with the woman who
00:38:17
has
00:38:17
>> Molly.
00:38:19
Let's go on a quick break. When we come
00:38:22
on apocaloptimus. All right, let's go on
00:38:25
a quick break. When we come back, Nextar
00:38:27
is approved to merge with rival Tegna.
00:38:30
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00:40:49
Scott, we're back with more news.
00:40:50
Broadcast station owner NextStar will
00:40:52
merge with rival Tegna after the FCC
00:40:54
signed off on the $6.2 billion
00:40:56
acquisition, creating the largest
00:40:58
operator of TV stations in the country.
00:41:00
This is unprecedented. The commission
00:41:01
has waved the rule that bars a single
00:41:03
company from owning TV stations that
00:41:05
reach over 39% of the US households.
00:41:08
Guess what? The new entity uh is
00:41:11
allowing Nextar to own 60% and near
00:41:14
doubling. The combined company would own
00:41:16
over 250 stations reaching over half of
00:41:19
American households. Eight states have
00:41:20
filed emergency motions to stop the
00:41:22
merger. As usual, Brendan Carr, the
00:41:24
bureaucratic toad, just waved it right
00:41:26
through because it's their conservative
00:41:28
and they are um uh and they are they
00:41:31
were thanking President Trump. They're
00:41:32
the people behind the Kimmel mask.
00:41:34
They're one of the people uh
00:41:35
conservatives are actually split on the
00:41:37
issue. Um some thinking it's a great
00:41:39
thing because it helps the conservative
00:41:41
side, their team. The other people feel
00:41:43
as correctly, you wouldn't like it if a
00:41:45
bunch of liberals own these like 60% of
00:41:47
the stations. That said, mainstream
00:41:49
media has leaned well, it's leaned
00:41:51
middle left, middle left kind of things.
00:41:53
Um, just what do you think about this? I
00:41:55
mean, obviously this is open. This is
00:41:57
something This is Rupert Murdoch's wet
00:41:58
dream from many years ago. The ability
00:42:00
to own things across the country.
00:42:03
Although, who's watching local news at
00:42:05
the same time?
00:42:06
>> I'll tell you who's watching local news.
00:42:07
Really old people. Exactly.
00:42:09
>> I could program local news. It's called
00:42:11
What Stupid People Did Today. Two people
00:42:13
were mugged in a Two people were mugged
00:42:14
in a parking lot at 4 a.m. this morning.
00:42:17
>> Yeah.
00:42:17
>> Um
00:42:18
>> or the it could happen to you story
00:42:20
>> and the weather
00:42:20
>> killer bees. It could happen to you.
00:42:23
>> It could happen to you. Mold on your
00:42:25
penis. It could happen to you.
00:42:28
>> Is is your Are you losing hair because
00:42:30
of your drinking water? Um
00:42:32
>> could happen to you. I'm I'm torn
00:42:34
because the idea of any one entity
00:42:38
controlling that much information flow
00:42:40
to a populace that disproportionately
00:42:43
votes
00:42:45
it it feels feels uncomfortable. At the
00:42:47
same time
00:42:50
um these companies are in structural
00:42:51
decline and the only way they survive is
00:42:53
through consolidation and cost cutting.
00:42:56
I was on the board
00:42:59
it's now time for the latest episode of
00:43:00
Scott's weak flexes. I was on the board
00:43:03
of a company that was a Yellow Pages
00:43:04
company.
00:43:05
>> Oh, I didn't know that one.
00:43:07
>> It's one of my best investments because
00:43:09
typically these companies, we know we
00:43:11
know local stations are [ __ ] but
00:43:13
they're not they're not going to go out
00:43:15
of business as quickly as people think.
00:43:17
So, for example, in 1999, you could buy
00:43:19
a Blockbuster. Everyone knew Blockbuster
00:43:20
was going away, but in 1999, you could
00:43:22
buy a Blockbuster franchise for two
00:43:24
times cash flow. And they did go away,
00:43:26
but they went away 13 years later. I
00:43:27
mean, you you four or six
00:43:29
>> money. Yeah.
00:43:30
>> So, you can buy these things. at pretty
00:43:32
distressed prices and then you need to
00:43:33
consolidate the back end. Back to the
00:43:35
yellow pages company. We knew that the
00:43:37
yellow pages business was going to go
00:43:39
away. You could buy these things at two
00:43:41
times cash flow. So we would go buy
00:43:45
every regional yellow pages company
00:43:46
quite frankly consolidate the backend
00:43:48
which is Latin for layoff everyone but
00:43:50
the salespeople. And then we went and
00:43:52
bought the biggest yellow pages company
00:43:53
in Canada and then the biggest one in
00:43:55
Australia. And it's a great business.
00:43:58
Now to a certain extent is that bad? Is
00:44:02
that too much concentration of power? So
00:44:04
these companies are melting ice cubes.
00:44:07
They need to consol.
00:44:07
>> They were when the yellow pages
00:44:09
mattered. But go ahead. Which they did,
00:44:10
kids.
00:44:12
>> But it's the same thing here. The these
00:44:14
businesses are going out of business
00:44:17
slowly. And so I'm I'm of two minds. I
00:44:21
don't trust this FTC to make these
00:44:23
decisions. I'd want to see an economist
00:44:24
say
00:44:25
>> FCC,
00:44:26
>> I'm sorry, the FCC. I'd want to see an
00:44:28
economist
00:44:29
issue or thoughtful people say that the
00:44:32
the risk of job destruction, the risk of
00:44:35
having the capital to do anything
00:44:36
regarding the investigative journal
00:44:38
journalism at city hall or the local,
00:44:40
you know, lo local courthouse that these
00:44:43
guys need to consolidate. Having said
00:44:45
that, this level of concentration feels
00:44:48
pretty unhealthy.
00:44:49
>> Yeah. Yeah. 60 is a lot. I think you're
00:44:51
right. I, you know, when remember we
00:44:53
were on when we were on the tour and you
00:44:54
know or I was on one thing and everyone
00:44:56
was asking me about CBS and I'm like
00:44:58
show of hands of who's watching it and
00:45:01
it was like no one
00:45:02
>> relevant
00:45:03
>> and I thought so we're worried about one
00:45:05
irritating person at a station that's
00:45:08
mean a network that's declining faster
00:45:11
than all the others by the way. The
00:45:12
other two are doing okay. They're double
00:45:14
in size essentially. I was like, "So, no
00:45:17
one's watching it." And even the
00:45:18
strongest player is slowly dying, you
00:45:22
know, who's doing okay. And then they
00:45:24
definitely throw off a lot of money,
00:45:25
right? Like your yellow pages thing did.
00:45:27
Right now, they
00:45:28
>> in 2017% of America watched the Academy
00:45:31
Awards. Do you know what percentage
00:45:33
watched last year?
00:45:34
>> They went down, right? Like three
00:45:35
>> 5%.
00:45:36
>> Yeah. Yeah. That's the thing. And so
00:45:38
you're sort of sitting there, you're
00:45:40
like, okay, it's really irritating and
00:45:41
grotesque and at the same time of this
00:45:44
consolidation and these people that are
00:45:45
doing, you know, performative, you know,
00:45:48
uh, [ __ ] to Donald Trump, which they
00:45:51
were, you know, around Kimmel and
00:45:52
there's no such thing as a performative
00:45:54
[ __ ] That's an oxy.
00:45:55
>> I don't know. I have never done one. Um,
00:45:57
I'm not going to go into the
00:45:58
>> I'm not going to touch that.
00:46:00
>> Don't touch it.
00:46:01
>> I finally have a filter that says you
00:46:02
should say nothing, Scott.
00:46:03
>> Let me say I haven't had sex with a man,
00:46:06
but I have not have done a blow job.
00:46:07
Anyway, thank you for that information
00:46:09
cuz I that's gross. Um,
00:46:10
>> well, you know, Taylor Swift writes all
00:46:12
these writes all these songs about men
00:46:14
breaking up with her, but she's never
00:46:16
written a song about [ __ ] Connect
00:46:17
the dots. Okay. Connect the dots.
00:46:19
>> Okay. All right. Um, in any case, um, I
00:46:23
had the most interesting Anyway, I'm not
00:46:24
going to go into it. Um, so I have a
00:46:28
whole Gay Taylor thing called the my
00:46:30
Gaylar playlist on Spotify. Listen to
00:46:32
Cornelius Street is all I can tell to
00:46:34
everybody. Um, so let me get what am I
00:46:37
getting? Getting back on track.
00:46:39
>> Oh man, you've been thrown off by
00:46:41
>> I've been thrown off track by [ __ ]
00:46:43
Um, I don't I don't think it matters.
00:46:45
And yet it does because these they do
00:46:48
have an impact on a certain population
00:46:51
and watching someone like my mom or
00:46:53
other people get twisted by propaganda
00:46:55
on say a Fox News, it does actually
00:46:58
matter, right? It's really bad
00:46:59
information. That said, I don't think
00:47:01
most of these local stations except for
00:47:02
a very small few h do journalism
00:47:05
anymore. So,
00:47:06
>> they matter in local politics.
00:47:08
>> That's right. That but they don't do
00:47:10
much journalism and I don't think they
00:47:11
matter much.
00:47:12
>> Hurst did Hurst did this genius move and
00:47:14
it went bought all the local news
00:47:16
stations and swing districts because
00:47:18
basically the dirty secret of specialty
00:47:21
retail is that for 45 weeks a year it
00:47:24
loses money and then for seven weeks it
00:47:26
just breaks into a [ __ ] ton of money.
00:47:27
Basically between Thanksgiving and
00:47:28
Christmas. The dirty secret of these
00:47:30
local news stations in these swing
00:47:31
districts
00:47:32
>> is they lose money for 22 months and
00:47:34
then for two months they quintuple their
00:47:36
ad rates as so and so overspends trying
00:47:39
to you know trying to be the local
00:47:41
representative.
00:47:42
>> Yeah, that's where it hurts.
00:47:43
>> But do you know do you know the average
00:47:44
age of a Fox viewer? The average
00:47:47
>> 69 70.
00:47:49
>> That's exactly right.
00:47:51
>> I think that's young.
00:47:54
So that means that if a 40-year-old
00:47:57
accidentally turns on Fox, a 97y old is
00:48:00
also watching. Do you know what the
00:48:01
average age of a local TV Do you know
00:48:04
the average age of a local TV news
00:48:06
viewer?
00:48:07
>> 70 80
00:48:07
>> dead. They're dead. Cara.
00:48:10
>> All right, Scott. One more quick break.
00:48:12
We'll be back for wins and fails.
00:48:15
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00:50:28
Okay, Scott, let's hear some wins and
00:50:30
fails. May I go first?
00:50:31
>> Of course.
00:50:32
>> I'm going to do a win. Let me just tell
00:50:34
you, Project Hail Mary just brought in
00:50:36
$80 million at the box office. That's a
00:50:38
record opening for Amazon. MGM I did. I
00:50:41
went on Friday night.
00:50:42
>> I heard it's about friendship. I'm sorry
00:50:43
to interrupt you.
00:50:44
>> It's about a friendship between a man
00:50:46
and rocks. Um, it is an alien who looks
00:50:49
like a pile of rocks. Um, it is a
00:50:51
wonderful movie. It is about science. It
00:50:54
is fun. It is It made me It's
00:50:56
infectiously delightful and it deserves
00:50:58
I can see why I did $80 million the box
00:51:00
office. I saw it on IMAX film. You don't
00:51:02
need to really. There's some beautiful
00:51:05
things in it and some beautiful
00:51:07
photography, but you hardly you could
00:51:09
watch it. It's a wonderful It feels like
00:51:11
a little like ET a little bit. It's got
00:51:14
It just is a wonderful movie. Uh Ryan um
00:51:18
what's his name?
00:51:19
>> Gosling.
00:51:19
>> Gosling. Ryan Gosling is delightful.
00:51:22
He's the kind Scott. You need to see it
00:51:24
because it's the kind of man you want to
00:51:26
be.
00:51:26
>> Two people have said I'd love it. Yeah,
00:51:28
>> you would because he's the guy that you
00:51:30
want to be. He's sort of a reluctant
00:51:31
hero of course and at the same time it's
00:51:33
about ingeniousness. It's about it's the
00:51:36
same writer of the mar m Mart m Mart m
00:51:38
Mart m Mart m mar m mar m mar m mar m
00:51:38
mar m mar martian same book and everyone
00:51:40
what's interesting someone told me
00:51:41
people read project hail Mary someone
00:51:44
who I didn't think read much read both
00:51:46
the Martian and project hail Mary it's a
00:51:48
lot of plot not great writing but the
00:51:50
movie the movies become marvelous I
00:51:52
think I love the Martian it's about sort
00:51:54
of fix it things it's it's everyone in
00:51:57
it is great uh this this an this rock
00:52:01
character that becomes his friend
00:52:03
they're trying to solve humanity 's
00:52:05
problems together is you start to really
00:52:07
love this charact. It's a really great
00:52:09
character which is voiced by a puppeteer
00:52:11
I think a very well-known puppeteer.
00:52:13
Amazing. Like I can't believe at first I
00:52:16
was like I'm going to look at a rock
00:52:17
character this entire time and it ended
00:52:19
up being delightful. I got to say it
00:52:21
deserves I it did much better than
00:52:23
people thought. Amazon this is their
00:52:24
first big hit that is an original and
00:52:28
congratulations to Amazon for this. I
00:52:30
have to wonderful movie. Again, Ryan
00:52:33
Gosling can do anything. He can sing. He
00:52:34
can dance. He's funny. He was great on
00:52:36
SNL. Wonderful. What a movie star, but
00:52:39
also totally approachable as a dude.
00:52:41
That's why you'd like it. My fail. You
00:52:43
know, there's so many obvious ones. I
00:52:45
mean, more than nine months after its
00:52:46
announcements, Trump mobile phone still
00:52:48
hasn't launched. It never is going to
00:52:49
launch, by the way. They're a bunch of
00:52:51
grifters. Um, but I think I think
00:52:54
probably something that got a lot of
00:52:55
press was President Trump's reaction to
00:52:57
the death of Robert Mueller. Uh, former
00:52:59
FBI director, special counsel, and
00:53:01
Bronstar Marine veteran. He died this
00:53:03
weekend at the age of 81. I had no I had
00:53:05
no idea he was sick. Well, former uh
00:53:08
presidents Bush and Obama shared their
00:53:09
tributes to him. Trump went the other
00:53:11
direction posting, "I'm glad he's dead."
00:53:14
uh you know then Scott Bent that little
00:53:17
quizzling weak weak weakling was like oh
00:53:21
he was the victim here of Robert Mueller
00:53:23
and so he should be able to say that but
00:53:25
it does open it is really shocking when
00:53:27
everyone sort of gave the left a hard
00:53:29
time for not being unhappy that Charlie
00:53:31
Kirk had died and by the way it was
00:53:32
terrible and murder in a terrible and
00:53:35
murderous way and nobody should be
00:53:36
celebrating that. Um,
00:53:39
this was just like very typical and it
00:53:41
sort of opens the door to when someday
00:53:44
Trump uh sheds these mortar coils for
00:53:47
anyone to say that. Um, so it just was
00:53:50
like it's another gross, chaotic,
00:53:52
mentally deranged madness of King George
00:53:55
moment. That's I was like, are you can
00:53:57
you just shut the [ __ ] up and not give
00:54:00
us your thoughts on every awful thing
00:54:02
that crosses your your increasingly
00:54:05
aging brain? Thank you. There you go.
00:54:08
>> There you go.
00:54:10
But we're increasingly, it's like when
00:54:11
you hang out, people begin to look like
00:54:13
their dogs. We're becoming the same
00:54:15
person. My fail was the same thing. So,
00:54:17
I'll take the other side of it. But,
00:54:18
>> okay,
00:54:19
>> before we get to that, I want to just
00:54:20
talk a little bit more about [ __ ] If
00:54:23
>> if you're do you think it should bother
00:54:25
you if your spouse has given hundreds of
00:54:28
[ __ ] to random men, or is my wife
00:54:30
overreacting?
00:54:31
>> Oh my god,
00:54:34
>> that's good. I think you'd be good at
00:54:36
giving
00:54:36
>> blowj
00:54:38
my win.
00:54:39
>> I would think you'd be better than me at
00:54:40
it, but go ahead.
00:54:42
>> All right, enough. Even I have limits.
00:54:44
>> I knew that would stop you.
00:54:46
>> I even I have limits.
00:54:48
>> I knew it.
00:54:49
>> Okay, so I don't know how to make a
00:54:50
clean segue here. So my we we
00:54:54
uh we uh talk a lot about what
00:54:59
talking about an aspirational
00:55:02
uh vision for masculinity.
00:55:04
Um, and I think unfortunately it's been
00:55:06
confused with u volume,
00:55:10
dominance, and attention. And that's,
00:55:13
you know, that's not strength, Cara.
00:55:14
That's just insecurity with a ring light
00:55:16
or a Twitter handle. And if you want an
00:55:20
actual template for masculinity,
00:55:23
you could do a lot worse than Robert
00:55:25
Robert Mueller. And this was a guy, he
00:55:27
was a Marine in Vietnam, by the way. He
00:55:30
volunteered.
00:55:32
He didn't he didn't avoid deferments, no
00:55:35
bone spurs. Also in high school, captain
00:55:39
of his lacrosse, hockey, and baseball
00:55:42
team. An amazing
00:55:44
>> leader,
00:55:44
>> physical athlete,
00:55:46
>> leader,
00:55:46
>> captain. All three teams decided he
00:55:48
should be the leader of that team. He
00:55:50
marine in Vietnam where he earned a
00:55:52
bronze star. Went on to lead the FBI for
00:55:55
over a decade and then later in his
00:55:58
career he took on one of the most
00:56:00
politically radioactive investigations
00:56:03
in modern history. And how did he handle
00:56:06
it? He had there was no three theatrics.
00:56:08
There was no personal branding. There
00:56:11
was no need to be at the center of the
00:56:12
story. He just did the job. And before
00:56:15
all of that, uh, as I mentioned, a very
00:56:18
serious athlete and a scholar, went to
00:56:20
Princeton, and get this, married for
00:56:24
over 60 years, raising a family,
00:56:28
including, I believe, two kids, while
00:56:30
building a life of service. You know,
00:56:32
that's a decent outline for masculinity.
00:56:35
it not performative outrage, no constant
00:56:39
self-promotion, but discipline,
00:56:41
restraint, and commitment, you know, to
00:56:44
your work, your country, and your
00:56:46
family. And his posture was simple, you
00:56:49
know, service matters more than me. The
00:56:52
work matters more than me. And I feel
00:56:54
like I feel like with today's who we
00:56:56
should be looking to for role models and
00:56:58
masculinity, that's what we've lost.
00:57:01
We've started rewarding people or men
00:57:04
for being loud instead of being reliable
00:57:07
and that for being visible instead of
00:57:09
being being credible or empathetic. And
00:57:13
this guy was real strength. It's quiet.
00:57:16
It's showing up. It's doing hard things.
00:57:19
And it's not making everything about
00:57:21
you. And so when we talk about using
00:57:25
masculinity as a code or a guide for
00:57:27
young men,
00:57:29
you know,
00:57:31
if you're trying to figure this out what
00:57:33
it looks like, here's a filter. Are you
00:57:36
are you optimizing for attention
00:57:39
or for service, right? Because one of
00:57:42
them is more immediate, but the other
00:57:45
compounds over a lifetime. And I found
00:57:48
it so upsetting
00:57:50
that this guy who's such an outstanding
00:57:52
role model and such a fantastic example
00:57:56
of what it means to be an American and
00:57:57
what it means to be a man that his
00:58:00
family would have to endure that
00:58:02
nonsense.
00:58:03
>> Yep. I agree.
00:58:03
>> So he'll be he'll be buried.
00:58:06
>> That was the story is Trump's reaction
00:58:08
to
00:58:08
>> he'll be laid to rest with full, you
00:58:10
know, full honors and and there's few
00:58:12
people that deserve it more. Anyways,
00:58:15
Captain Robert Mueller, United States
00:58:18
Marine Corps. Rest in peace. What a
00:58:20
wonderful example he he he set for for
00:58:23
all Americans and especially young men.
00:58:26
>> Mhm.
00:58:27
All right.
00:58:28
>> That's my win. That's it. That's all I
00:58:30
got. You said the fail.
00:58:31
>> Okay. All right. I have one more win.
00:58:33
Scott and I did get in a tiff this
00:58:34
weekend and we settled it. And I have to
00:58:36
tell you, you acted like a man. I have
00:58:38
to say you handled a lot of people
00:58:40
wouldn't have called me back. We had a
00:58:41
little tiff. I was a little snarky. you
00:58:43
got we got mad at each other and I have
00:58:46
to say I said to my wife I said Scott
00:58:47
handle it like a real man like really we
00:58:49
had a good talk we worked it out we'll
00:58:52
always have little tips not very many
00:58:54
but I have to say you acted with great
00:58:56
dignity and and open
00:58:58
>> appreciate that Cara
00:58:59
>> it was really I was really very much
00:59:02
happy with it I have to say
00:59:04
>> that's nice that makes me feel good you
00:59:05
acted like a woman really is what you
00:59:06
did it was like Carrie [ __ ]
00:59:09
>> well that's the less version of a man
00:59:10
just beyond the white lotus We should be
00:59:13
on White Lotus. We know those people.
00:59:15
They should make us carotus.
00:59:18
>> Tulum
00:59:19
with Molly in the bathroom.
00:59:21
>> Oh my god.
00:59:22
>> Finally, Cara takes Molly. And that's
00:59:23
the plot. What happens from there? And
00:59:26
>> someone's got to die though. Who's going
00:59:27
to die?
00:59:28
>> You. Obviously you. Come on. Obviously.
00:59:32
Anyway, and then I'll have to solve the
00:59:33
most performative [ __ ] from someone.
00:59:35
I'm willing to take
00:59:36
>> to solve the mystery. Anyway, we want to
00:59:38
hear from you. Send us your questions
00:59:39
about business tech or whatever's on
00:59:41
your mind. Go to nymag.com/pivot to
00:59:43
submit a question for the show or call
00:59:44
85551 pivot. Elsewhere in the Karen
00:59:47
Scott universe this week and on with
00:59:48
Cara Swisser, I spoke with experts about
00:59:50
how the Trump administration is
00:59:51
dramatically expanding the immigration
00:59:53
detention system. I think it's really
00:59:55
important to focus on things that people
00:59:56
have lost a little attention to,
00:59:58
especially this prison system we're
01:00:00
building. Aaron Reichlin Milneck, lawyer
01:00:02
and senior fellow at the American
01:00:04
Immigration Council, says Steven Miller
01:00:06
won't stop pushing for more
01:00:07
deportations, even if the focus has been
01:00:09
off them of late. Let's listen to a
01:00:11
clip.
01:00:12
>> His goal is a million deportations a
01:00:14
year. I don't think they're going to hit
01:00:15
it, but they're going to try to spend
01:00:17
every penny of that funding that they
01:00:19
can in order to reach that goal. And
01:00:21
that means more people caught up in this
01:00:23
rapid system, more people held in
01:00:25
detention, more people subject to awful
01:00:27
conditions, and more people who see
01:00:29
what's happening and say, "I can't take
01:00:31
it anymore. I just want to give up even
01:00:33
if I could have a chance to stay in this
01:00:35
country because I don't want to spend
01:00:36
another day in this hell hole."
01:00:37
>> So anyway, let's just not lose focus on
01:00:40
things. We tend to do that in this
01:00:41
society right now. So, I thought it was
01:00:42
important to talk about the issue, these
01:00:44
detentions.
01:00:44
>> I'm glad you're doing that because one
01:00:46
of the things I was thinking about is
01:00:47
that
01:00:49
>> so many really important issues,
01:00:51
including incarceration in this country
01:00:53
or in the United States, we're the most
01:00:54
incarcerated country in the world. It it
01:00:58
bubbled up to be an issue where a lot of
01:01:00
important people were talking about it
01:01:02
and beginning to visit it and and think
01:01:04
thoughtfully about it. And it's been
01:01:05
pushed down because we just have so much
01:01:07
[ __ ] nonsense crowding out everything
01:01:09
else.
01:01:09
>> Right. That's the whole point. That's
01:01:10
what they're doing. It's their it's a
01:01:12
flim flamy. And one of the things is
01:01:13
it's easy when it's Minneapolis and we
01:01:15
can see it. This stuff is hidden because
01:01:18
they're behind this is what where they
01:01:19
want it. The hiddenness of it, but it
01:01:21
gets out. And so I thought it was
01:01:23
important to keep focused on on things
01:01:25
like this. Um which is why I did the
01:01:27
Epstein survivors. I'm like, let's not
01:01:28
forget, let's not forget. Let's not
01:01:30
forget. Anyway, it was a really good
01:01:31
panel with a really good group of
01:01:32
people. Okay, that's the show. Thanks
01:01:34
for listening to Pivot and be sure to
01:01:36
like and subscribe to our YouTube
01:01:38
channel. will be back on Friday.
