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RFK Jr. Nomination Sparks Market Downturn and Public Health Concerns | Pivot

November 19, 2024 / 13:54

This episode discusses the impact of Donald Trump's cabinet picks on the stock market, particularly focusing on RFK Jr's appointment as health and human services secretary. The conversation highlights the significant drop in shares of major pharmaceutical companies like Moderna and Pfizer following this announcement. The hosts express concern over RFK Jr's controversial views on vaccines and processed food, questioning the potential consequences for public health.

The hosts analyze the market's reaction to Trump's cabinet selections, emphasizing the negative implications for the pharmaceutical industry. They mention the decline in stock values for companies like Eli Lilly and Novo Nordisk, attributing it to RFK Jr's reputation and stance against certain medications.

There is a discussion about the broader implications of RFK Jr's views on public health, particularly regarding obesity and the food industry. The hosts critique his contradictory behavior, such as promoting healthy eating while being photographed with fast food.

The episode also touches on the qualifications of other Trump appointees, including Pete Hegseth, and the perceived dangers associated with their backgrounds. The conversation reflects on the political dynamics within the GOP and the implications for governance.

Overall, the episode presents a critical view of Trump's cabinet choices and their potential effects on health policy and the economy.

TL;DR

The episode critiques Trump's cabinet picks, focusing on RFK Jr's vaccine views and their market impact.

Video

00:00:00
the post-election Trump bump has come to
00:00:02
an end with the markets closing lower
00:00:03
last Friday in the S&P 500 and NASDAQ
00:00:05
seeing their biggest one-day losses in 2
00:00:07
weeks the downturn is being attributed
00:00:09
in part to president-elect Donald Trump
00:00:11
announcing RFK Jr as his health and
00:00:13
human services secretary shares of major
00:00:16
vaccine uh drug and Drug makers
00:00:18
including Mna fiser and astrazenica
00:00:20
tumbled in the wake of the news uh what
00:00:23
do you think shares of Eli Linley and
00:00:25
Novo uh Nordisk fell he's against OIC by
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the way as processed food stocks
00:00:30
including PepsiCo Coke and general M
00:00:33
Mills the markets were also reacting to
00:00:34
Jerome Powell saying the FED is in no
00:00:36
hurry to make further interest rate cuts
00:00:39
um what's your take on this and the pick
00:00:41
in general he says he wants to make
00:00:43
America healthy again they have to stop
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with this make America whatever again um
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America was never healthy let's start
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with that RFK Jr um which I loved eating
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in McDonald's on the private plane with
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Trump and Elon Musk it was someone
00:00:57
likened it to making the cop take the
00:00:59
drugs just to make sure he's not a cop
00:01:01
he's not a cop yeah that was making the
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new guy do drugs to make sure he's not a
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cop he looked such in pain what a
00:01:07
[ __ ] [ __ ] he talks about
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McDonald's being poisoned and then he's
00:01:10
sitting there with one what a dumbass
00:01:12
that guy is anyway what do you think of
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this what do you think of it it's like
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when you're in Vegas and and a pro asks
00:01:17
you to show your genitals and make sure
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you're not a cop I just heard about this
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I wouldn't know firsthand but I've heard
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that happens um big than the twins sure
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anyone wants to see biger than the twins
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that's fine with me the market has been
00:01:28
remarkably right and I see that as a
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negative a for looking indicator because
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modna uh on word that Kennedy would be
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head of um HHS um was down
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21% yeah fiser down seven Eli Lily I
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mean this is this is a TENS if not tens
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of billions if not even maybe over a 100
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billion in in market value draw down
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because this guy has a reputation no he
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can't fool anybody he is crazy antias
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antiac
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with the with the key you know the
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operative term there being crazy and
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it's very disappointed because uh it's
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very disappointing because what I would
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argue is that whenever you have the far
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left on the far right come together on
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something it's a really bad [ __ ] idea
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whether it's Reckless spending
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anti-Semitism right that's what happened
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with him well that's what happens they
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meet they meet it they come together at
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crazy and actually the antia movement uh
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originated on the far left you know
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don't let corporations put yeah don't
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let corporations put crazy [ __ ] into
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your body and then the far right picked
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it up because for some reason science
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and experts became associated with the
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left anyways so this is and I would
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argue and I think this is there's real
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evidence here that everyone is so
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[ __ ] fascinated by Innovation and
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chop metal Chopsticks grabbing a rocket
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and photo sharing apps and GPS and
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rightfully so it creates a lot of
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economic value but if you were going to
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talk about how we come together as a
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species and use communication and educ
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education and cooperation to accomplish
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something really incredible the most
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positive innovation of the last couple
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hundred years I would put forward is
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vaccines and there is nothing that has
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come out of our great academic
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institutions that's been privatized it
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has capitalist that has capitalist fuel
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that also government weighs in and says
00:03:22
we can distribute these things in
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low-income areas that have saved more
00:03:26
lives than vaccines is it maybe is it
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food distribution I don't know what
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would be or pesticides maybe but these
00:03:33
are I mean in my view vaccines kind of
00:03:37
arguably some of the best things ever I
00:03:39
am so proax if anyone's holding Edibles
00:03:42
or vaccines meet me in the bathroom and
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I'm going to show you that the only
00:03:45
thing better than feeling high is not
00:03:48
feeling unwell he tries to be cute about
00:03:50
it and says I have questions and I don't
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think that's the case I think he's done
00:03:54
more damage I call him best friend of
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measles and polio um I think Zeke
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Emanuel who's the brother of Ari and and
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Rah appointing RFK Jr uh to the HHS is a
00:04:04
big mistake while I'll admit he has a
00:04:05
few important ideas on chronic disease
00:04:07
and process food I mean yeah everybody
00:04:10
we all think processed food sucks these
00:04:12
are overshadowed by his problematic
00:04:14
views on vaccines that threaten to walk
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back Major progress we've made above all
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poting people like RFK Jr who will bend
00:04:20
to Trump's every whim is guaranteed to
00:04:21
be truly dangerous um I think he's right
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I think that's 100% right we can agree
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with some of the things but this guy is
00:04:28
antiva I'm sorry all you people he's not
00:04:31
questioning it he's he's truly antiva
00:04:34
and and try to stop pretending it's
00:04:37
otherwise um what do you think of the O
00:04:39
the glp drugs the impact on US economies
00:04:43
and Global economies I mentioned drug
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maker noo nordis and Eli Lily saw shares
00:04:48
drop are people going to listen to him
00:04:49
here enough to do lasting damage to the
00:04:51
industry Kennedy has been critical of
00:04:53
things like OIC in the past calling it a
00:04:55
drug that will quote Gladden the wallets
00:04:57
of big farm execs and think everyone
00:04:59
should rely on eating better produce I
00:05:02
guess that's that's his thing which I
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think everyone should eat more
00:05:06
produce Robert but seriously
00:05:10
seriously the really upsetting thing
00:05:12
about Arcade Jr is that in my view he is
00:05:15
so good on a number of issues he talks
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about the Unholy alliance between the
00:05:20
food industrial complex PepsiCo General
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Foods you know McDonald's that want to
00:05:25
get you addicted let's go meta on this
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so when our species left to Savannah
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there was an absence there was a dir of
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sugary salty or fatty foods it was
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really hard to come across these things
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and so when you found them you gorged
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there was an absence of safe free play
00:05:41
because there was always threats
00:05:42
everywhere around there was an absence
00:05:44
of mating opportunities 80% of women on
00:05:46
this planet have reproduced only 40% of
00:05:48
men so when you get industrial
00:05:50
production of all of these things people
00:05:52
develop addictions to food addictions to
00:05:55
gambling addictions to porn and what
00:05:58
glp1 has done done as far as I can tell
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is it's like scaffolding on our
00:06:02
instincts and it says look even though
00:06:04
you can find more calories than you can
00:06:07
consume based on industrial production
00:06:09
almost anyone can eat as much as they
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want they can gorge we're going to turn
00:06:13
off that signal and people on these
00:06:15
drugs report that they're drinking less
00:06:17
alcohol they're biting their nails less
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what's even even more amazing about
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these things is not only are they eating
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less shitty food the people on these
00:06:25
drugs are eating more fruits and
00:06:27
vegetables and Grains it's as if this
00:06:29
thing is
00:06:30
is actually calibrating what's good for
00:06:32
you and what is bad for you and when you
00:06:34
look at the one thing Americans share
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other than a Netflix subscription and
00:06:37
Amazon Prime it's that we are 70% of us
00:06:41
are either obese or overweight and
00:06:43
obesity is the covid or it is the
00:06:47
epidemic that kills more people every
00:06:48
year than Co ever did but because
00:06:51
there's so much money involved from
00:06:53
large corporations and Hospital clinics
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and knee replacement and kidney dialysis
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and statins and pharmaceutical and
00:06:59
McDonald's we pretend that you're
00:07:01
finding your truth no you're not you're
00:07:02
finding [ __ ] diabetes and he is very
00:07:05
good on this issue and then all of a
00:07:07
sudden it's like huh what you want to
00:07:10
this [ __ ] that he said repeatedly
00:07:13
that the best thing you can do when you
00:07:15
see a woman with a newborn has go up to
00:07:17
her and say don't get her vaccinated
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Jesus Christ really you know her his his
00:07:22
cousin uh Carolyn Kennedy who's US
00:07:24
ambassador to Australia I didn't know
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that um it doesn't tend to speak up said
00:07:29
um said a lot of negative things about
00:07:31
him this we there's a whole story on it
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um uh she goes others are just getting
00:07:36
to know him but she said everything he
00:07:37
says um I don't think most Americans
00:07:40
share them uh he's you know he's denied
00:07:43
he's against vaccination just so you
00:07:45
know styling himself as a vacine safety
00:07:47
activist who questions corporate
00:07:48
influence on science his critics say
00:07:50
he's promoted conspiratorial ideas about
00:07:53
public health intervention widely viewed
00:07:55
as one of the most important advances um
00:07:57
he's embraced a deunk theory on vaccine
00:07:59
can cause autism his questioned covid-19
00:08:01
vaccinations he's also been linked to a
00:08:03
meas linked to a measles outbreak in
00:08:06
Samoa um and you know she she um Kennedy
00:08:11
Carolyn Kennedy the daughter of JFK and
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Jackie Onasis OB said her family was
00:08:16
United in terms of our support for
00:08:18
public health sector and infrastructure
00:08:19
the greatest admiration for the medical
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profession uh and Bobby Kennedy has a
00:08:24
different set of views it's very unusual
00:08:26
for her to speak out his whole family
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says he's crazy as can be but uh I just
00:08:31
hope he comes clean and I'm being
00:08:32
serious here about steroid use U I've
00:08:35
seen him without a shirt on he's 70 that
00:08:39
guy's on HGH or some sort of or DEA he's
00:08:42
on some sort and by the way I'm not sure
00:08:44
I'd love to hear him defend it and talk
00:08:46
about it yeah but he doesn't want a
00:08:47
needle around a vaccine to Stave off
00:08:50
polio or rubella or measles picture of
00:08:52
McDonald's was perfect picture of
00:08:54
McDonald's was perfect but it'll inject
00:08:56
human growth hormone to look jacked at
00:08:58
70 so
00:09:00
I I would and by the way he might have
00:09:02
he might have I take creatine and I it's
00:09:04
brain protective and heart protective
00:09:06
I'm not hormone replacement therapy I
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think is uh a they're finding it's a
00:09:11
very positive thing for both men and
00:09:13
women a lot of people say that the
00:09:14
biggest instance of malpractice was
00:09:16
discouraging women from hormone
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replacement therapy so I'd love to know
00:09:20
his views on it but just be clear as
00:09:22
someone who works out a lot and is being
00:09:25
to look like Monty Burns despite every
00:09:27
[ __ ] thing I'm trying to do yeah that
00:09:30
guy is on is on some form of steroids
00:09:34
and I would can you just say allegedly
00:09:36
say allegedly that guy I mean I would
00:09:38
argue I would speculate that he he might
00:09:41
be in fact taking some sort of human
00:09:43
growth and I would just like to him to
00:09:44
speak openly about it and get his views
00:09:46
on it because they seem to be to be
00:09:48
somewhat contrary to this notion but
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don't put I do think that picture did a
00:09:51
lot of damage honestly if he cares so
00:09:53
much why with him with the McDonald's
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box the Big Mac how the [ __ ] could he do
00:09:58
that after he called it poison like what
00:09:59
a dumbass he's just such a dumbass
00:10:02
anyway should investors be worried about
00:10:03
these um Trump cabinet picks impacting
00:10:06
markets the stocks of major defense
00:10:08
contractors also dropped last week
00:10:09
following Pak heg Seth announcement God
00:10:12
The Washington Post wrote a story about
00:10:14
him and he looks he he he looks very
00:10:18
dangerous as a person um but um why do
00:10:20
you say that I'm curious why I I'm
00:10:22
asking for an answer not not as a
00:10:24
comment what why do you think he seems
00:10:26
dangerous I was reading the story he
00:10:27
looks like look this guy whatever
00:10:29
happened in that encounter with this
00:10:30
woman I think he attacked her this is my
00:10:33
this is my feeling Pete every woman
00:10:35
looks at him and goes don't cover your
00:10:37
drink when you're around this fella
00:10:39
that's you know what I mean that kind of
00:10:41
thing and uh between him and Matt Gates
00:10:43
I mean they they feel like weird sexual
00:10:46
aggressors um but you know whatever
00:10:49
whatever Pete heg said the fact that he
00:10:50
paid off a woman you know it's just like
00:10:52
Bill o Ry you know oh you know I just
00:10:55
paid her off because he did then then
00:10:57
there were tapes where he did say the
00:10:58
things she said he said right so they're
00:11:01
just all such weird this this whole gang
00:11:05
of of this GOP are all [ __ ] each
00:11:07
other down there at Mara Lago it's weird
00:11:09
it's a weird group of people I'm sorry
00:11:12
like you know there's the rumors of Cory
00:11:13
lowski and Christy Nome there's the
00:11:15
rumors of like they all seem like
00:11:18
Caligula down there I don't know it just
00:11:21
like yikes I find you know they talk
00:11:23
about liberals being loose I feel like
00:11:25
they're like creepy and I don't they're
00:11:27
just and then the guy gradually grab
00:11:30
someone's some man's nuts you know it's
00:11:32
always something yeah the the only thing
00:11:34
is I would push back a little bit I
00:11:36
think it's unfair to conflate Peter Heth
00:11:39
is that his name with Bill O'Reilly
00:11:41
where Fox paid some woman 20 or $30
00:11:43
million after supposedly he was forcing
00:11:46
her to watch Gabe porn and then describe
00:11:48
it to him you don't pay someone 20 or
00:11:50
$30 million just to make a nuisance
00:11:51
lawsuit go away Matt gate supposedly has
00:11:54
a witness a credible witness that says
00:11:56
she witnessed him having sex with a
00:11:58
minor that's pretty serious [ __ ] yes it
00:12:01
is and in the case of uh uh Pete first
00:12:05
off he served very honorably he 20 years
00:12:09
I think two bronze Stars I mean he
00:12:11
really is a decorated service person got
00:12:14
it he's hold on unqualified for this job
00:12:16
let me finish I I think he does not have
00:12:19
kind of the executive management
00:12:21
experience or the gravitas around uh
00:12:24
that would qualify him to oversee three
00:12:26
million people I agree with you there he
00:12:29
he is he did pay somebody off to drop a
00:12:33
suit I don't see I got to think that's
00:12:35
going to go away because it doesn't
00:12:36
accomplish what it's supposed to you can
00:12:38
see a scenario where someone accuses you
00:12:40
of something something and to make it go
00:12:42
away you just pay them let me be clear I
00:12:44
don't think he's qualified for the
00:12:45
position but I do think it's unfair to
00:12:47
to compare him to um what Matt Gates is
00:12:50
undergoing or okay all right I mean the
00:12:53
whole gang of them it's just something's
00:12:55
happening down there something in the
00:12:56
water I don't know but what do you I'm
00:12:58
curious don't understand I think I they
00:13:01
have such go ahead sorry go ahead well I
00:13:03
I think I understand incentives what is
00:13:05
the mellian weird 5D or zerod D chess
00:13:09
that's going on with putting Gates
00:13:11
forward is AG I don't do they think if
00:13:14
they Havoc if they go if they go this
00:13:17
guy's if they offer a blood offering and
00:13:19
Susan Collins and Lisa marowski convince
00:13:21
some people and supposedly there's 20 or
00:13:23
30 Republicans who've said no [ __ ]
00:13:25
way then does it make some of their less
00:13:28
crazy but still grade a crazy picks more
00:13:31
likely to get through what what's the
00:13:33
what's the strategy I think so unless
00:13:35
there isn't one he just feels like it he
00:13:37
was on the plane at the last minute and
00:13:39
did he had another person for AG and
00:13:42
then suddenly it was Matt Gates you know
00:13:44
I think sometimes it's just like his
00:13:46
whim at the moment he just wants to do
00:13:48
what he wants to do

Badges

This episode stands out for the following:

  • 70
    Most controversial
  • 60
    Most shocking
  • 60
    Most polarizing

Episode Highlights

  • Market Reaction to Trump Picks
    The markets reacted negatively to Trump's cabinet picks, particularly RFK Jr. as HHS head.
    “This is a TENS if not tens of billions in market value draw down.”
    @ 01m 48s
    November 19, 2024
  • The Vaccine Debate
    The discussion around vaccines and RFK Jr.'s controversial views raises concerns about public health.
    “Vaccines are arguably some of the best things ever.”
    @ 03m 37s
    November 19, 2024
  • Obesity Epidemic
    The conversation highlights the obesity epidemic in America, which is often overlooked.
    “Obesity is the epidemic that kills more people every year than COVID ever did.”
    @ 06m 47s
    November 19, 2024

Episode Quotes

Key Moments

  • Market Losses00:02
  • RFK Jr. Controversy00:11
  • Health Debate00:43
  • Vaccine Advocacy03:39
  • Obesity Crisis06:47

Words per Minute Over Time

Vibes Breakdown

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